Skip to content
Menu Search
  • Latest update: November 2019
  • Next scheduled: November 2020

Show ESG scores Show supply chain scores
  • Landbank
    111,600 hectares
  • Market cap:
    501,722,854 USD
  • Thomson Reuters ticker:
    HALC.SI
  • Bloomberg ticker:
    HACL:SP
  • ISIN:
    SG2F48989824
  • Website:

Company assessment: Halcyon Agri – November 2019

Assessment date:

Score by disclosure type:

Total: 69.6% 80 / 115
  • Organisation: 19 / 28 67.9%
  • Policy: 39 / 47 83%
  • Practice: 22 / 40 55%
  • Self-reported: 10.3 / 40 25.6%
  • External: 11.8 / 40 29.4%
  • Sustainability policy and leadership Sustainability policy and leadership
    7.5 / 10 75%
    • Organisation: 3.5 / 5 70%
    • Policy: 2 / 2 100%
    • Practice: 2 / 3 66.7%
    • Self-reported: 0 / 3 0%
    • External: 2 / 3 66.7%
    • Y
      1 / 1

      1. Sustainable natural rubber policy or commitment for all its operations?

    • Y
      1 / 1

      2. Sustainability natural rubber policy or commitment applies to all sourcing excluding smallholders?

    • Y
      1 / 1

      3. High-level position of responsibility for sustainability?

      The company states that the CEO "plays an instrumental role in the sustainable development" of the business

    • N
      0 / 1
      No source

      4. One or more members within the board of the company have responsibility for sustainability?

    • P
      0.5 / 1

      5. Percentage or number of women board members?

      0 (0%) - The company does not explicitly report the number of women board members

    • Y
      1 / 1

      6. Percentage or number of women in senior management team?

      6 (6.7%)

    • Y
      1 / 1

      7. Member of multiple industry schemes or other external initiatives to reduce negative environmental or social outcomes associated with natural rubber production?

      SNR-i, UNGC, Fair Rubber

    • Y
      1 / 1

      8. Collaboration with stakeholders to reduce negative environmental or social outcomes associated with natural rubber production?

      The company is working with GIZ on training smallholders on sustainable natural rubber producing in Indonesia and with Fondation la Rentree du Coeur in Ivory Coast on supporting local communities

    • Y
      1 / 1

      9. Sustainability report published within last two years?

      2,018

    • N
      0 / 1
      No source

      10. Climate risks assessment available?

  • Landbank, maps and traceability Landbank, maps and traceability
    9 / 11 81.8%
    • Organisation: 8 / 10 80%
    • Policy: 1 / 1 100%
    • Practice: 0 / 0 0%
    • Self-reported: 0 / 0 0%
    • External: 0 / 0 0%
    • Y
      1 / 1

      11. Lists countries and operations?

      Malaysia, Cameroon, Ivory Coast (plantations and processing), Indonesia, Thailand, China (processing)

    • Y
      1 / 1

      12. Total land area managed/controlled for natural rubber (ha)?

      111,600 - Figure is the sum of landbank for Cameroon (100,000 ha), Malaysia (10,000 ha) and Ivory Coast (1,600 ha)

    • Y
      1 / 1

      13. Total natural rubber planted area (ha)?

      36,900

    • Y
      1 / 1

      14. Scheme smallholders/outgrowers planted area (ha)?

      1,139.2 - The company has a plan to develop a 27,000 ha outgrower programme in Cameroon. To date 1,139.2 ha has been planted

    • P
      0.5 / 1

      15. Unplanted (areas designated for future planting) (ha)?

      7,391.29 - Figure is for one subsidiary in Cameroon. It is unclear if the company has unplanted areas in other countries

    • Y
      1 / 1

      16. Conservation set-aside area, including HCV area (ha)?

      70,000

    • P
      0.5 / 1

      17. Maps of estates/management units?

      The company provides static maps of most of its estates

    • Y
      1 / 1

      18. Number of company owned natural rubber processing facilities?

      38

    • Y
      1 / 1

      19. Names and coordinates of company owned natural rubber processing facilities?

    • N
      0 / 1
      No source

      20. Management plans for natural rubber production are available for all estates/management units?

    • Y
      1 / 1

      21. Commitment to traceability of the whole supply chain?

  • Deforestation and biodiversity Deforestation and biodiversity
    6.25 / 10 62.5%
    • Organisation: 0 / 1 0%
    • Policy: 4 / 5 80%
    • Practice: 2.3 / 4 56.3%
    • Self-reported: 1.3 / 4 31.3%
    • External: 1 / 4 25%
    • Y
      1 / 1

      22. Commitment to zero deforestation or zero conversion of natural ecosystems?

      The company has a commitment to zero net deforestation in its sustainability policy, however elsewhere clearly commits to zero deforestation including not deforesting HCV, HCS and peat areas

    • Y
      1 / 1

      23. Commitment to zero deforestation or zero conversion of natural ecosystems applies to all sourcing excluding smallholders?

    • P
      0.5 / 1

      24. Evidence of monitoring deforestation?

      The company states it patrols some set-aside areas in Cameroon

    • N
      0 / 1
      No source

      25. Amount of illegal/non-complaint deforestation recorded in own operations?

    • Y
      1 / 1

      26. Implementing a landscape or juridictional level approach?

    • Y
      1 / 1

      27. Commitment to biodiversity conservation?

    • N
      0 / 1
      No source

      28. Identified species of conservation concern, referencing international or national system of species classification?

    • P
      0.75 / 1

      29. Examples of species and/or habitat conservation management?

      Biodiversity monitoring, anti-poaching patrols, staff training and local community engagement in relation to set-aside HCV areas

    • Y
      1 / 1

      30. Commitment to protect areas from illegal activities?

    • N
      0 / 1
      No source

      31. Commitment not to use genetically modified organisms?

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    2.5 / 6 41.7%
    • Organisation: 0 / 0 0%
    • Policy: 2.5 / 3 83.3%
    • Practice: 0 / 3 0%
    • Self-reported: 0 / 3 0%
    • External: 0 / 3 0%
    • Y
      1 / 1

      32. Commitment to conduct High Conservation Value (HCV) assessments?

    • N
      0 / 1
      No source

      33. High Conservation Value (HCV) assessments available?

    • N
      0 / 1
      No source

      34. High Conservation Value (HCV) management and monitoring plans available?

    • Y
      1 / 1

      35. Commitment to the High Carbon Stock (HCS) approach?

    • P
      0.5 / 1

      36. Commitment to conduct social and environmental impact assessments (SEIAs)?

      The company has a commitment to regularly review existing SEIAs, however a commitment to conduct SEIAs prior to all new development was not found

    • N
      0 / 1

      37. Social and environmental impact assessment (SEIAs) undertaken, and associated management and monitoring plans?

      Only a third-party review of the original SEIA for Cameroon is available

  • Soils, fire and GHG emissions Soils, fire and GHG emissions
    7 / 12 58.3%
    • Organisation: 1 / 3 33.3%
    • Policy: 4 / 5 80%
    • Practice: 2 / 4 50%
    • Self-reported: 2 / 4 50%
    • External: 0 / 4 0%
    • 38. Commitment to no planting on peat of any depth?

      This indicator is disabled as the company has informed ZSL that it doesn't have landbank on peat

    • 39. Landbank or planted area on peat (ha)?

      This indicator is disabled as the company has informed ZSL that it doesn't have landbank on peat

    • 40. Implementation of commitment to no planting on peat of any depth?

      This indicator is disabled as the company has informed ZSL that it doesn't have landbank on peat

    • Y
      1 / 1

      41. Commitment to best management practices for soils and peat?

    • P
      0.75 / 1

      42. Evidence of best management practices for soils and peat?

      The company provides some examples of best management practices for soils

    • Y
      1 / 1

      43. Commitment to best/sustainable tapping practices?

    • P
      0.75 / 1

      44. Evidence of best/sustainable tapping practices?

      The company provides examples of implementing best tapping practices

    • Y
      1 / 1

      45. Commitment to zero burning?

    • P
      0.5 / 1

      46. Evidence of management and monitoring fires?

      The company only provides evidence of fire management activities

    • N
      0 / 1
      No source

      47. Details/number of hotspots/fires in company estates/management units?

    • N
      0 / 1

      48. Time-bound commitment to reduce greenhouse gas (GHG) emissions intensity?

      The company only has a general commitment to reduce GHG emissions

    • Y
      1 / 1

      49. GHG emissions intensity?

      0.23

    • N
      0 / 1
      No source

      50. Report GHG emissions from land use change?

    • Y
      1 / 1

      51. Methodology used to calculate GHG emissions?

      GHG Protocol and IPCC

    • N
      0 / 1

      52. Progress towards commitment to reduce GHG emissions intensity?

      The company started calculating and reporting its GHG emissions intensity in 2018 and newer figures are not yet available

  • Water, chemical and pest management Water, chemical and pest management
    11.5 / 17 67.6%
    • Organisation: 1 / 2 50%
    • Policy: 5 / 6 83.3%
    • Practice: 5.5 / 9 61.1%
    • Self-reported: 2.5 / 9 27.8%
    • External: 3 / 9 33.3%
    • Y
      1 / 1

      53. Time-bound commitment to improve water quality (BOD and COD)?

      The company has a commitment to be 5% below local legal limits regarding both BOD and COD. This commitment is not time-bound however the company is already within local legal limits

    • P
      0.75 / 1

      54. Progress towards commitment on water quality (BOD and COD)?

      The company provides figures on BOD and COD and is already within local legal limits

    • Y
      1 / 1

      55. Treatment of effluents from processing facilities?

      This information is externally verified by TÜV SÜD under HeveaPRO certification

    • P
      0.5 / 1

      56. Percentage of processing facilities with closed-loop water treatment system (100%)?

      The company reports that it recycled 50.9% of water used for natural rubber processing

    • N
      0 / 1

      57. Time-bound commitment to improve water use intensity?

      The company only has a general commitment on minimising withdrawal of water

    • P
      0.5 / 1

      58. Water use intensity?

      The company reports water use figures however not as water use intensity

    • P
      0.5 / 1

      59. Progress towards commitment on water use intensity?

      The company reports progress on water use but not as water use intensity

    • Y
      1 / 1

      60. Commitment to protect natural waterways through buffer zones?

    • Y
      1 / 1

      61. Implementation of commitment to protect natural waterways through buffer zones?

    • Y
      1 / 1

      62. Reducing odours from natural rubber processing facilities?

    • Y
      1 / 1

      63. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers?

    • Y
      1 / 1

      64. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides?

    • Y
      1 / 1

      65. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • N
      0 / 1
      No source

      66. Implementation of commitment to reduce chemical usage?

    • N
      0 / 1
      No source

      67. Integrated Pest Management (IPM) approach?

    • P
      0.5 / 1

      68. Chemical usage per ha or list of chemicals used?

      The company provides information on chemicals used during natural rubber processing

    • P
      0.75 / 1

      69. Waste management system in place to avoid negative impacts?

      The company has waste management system in place

  • Community, land and labour rights Community, land and labour rights
    25.75 / 29 88.8%
    • Organisation: 4.5 / 5 90%
    • Policy: 15.5 / 17 91.2%
    • Practice: 5.8 / 7 82.1%
    • Self-reported: 2.8 / 7 39.3%
    • External: 3 / 7 42.9%
    • Y
      1 / 1

      70. Commitment to human rights?

    • Y
      1 / 1

      71. Commitment to human rights applies to all sourcing excluding smallholders?

    • Y
      1 / 1

      72. Commitment to respect indigenous and local communities' rights?

    • Y
      1 / 1

      73. Commitment to respect legal and customary land tenure rights?

    • Y
      1 / 1

      74. Commitment to free, prior and informed consent (FPIC)?

    • Y
      1 / 1

      75. FPIC commitment applies to all sourcing excluding smallholders?

    • Y
      1 / 1

      76. Details on Free, prior and informed consent (FPIC) process available?

      The company commits to the FPIC process by UN REDD

    • P
      0.75 / 1

      77. Examples of local stakeholder engagement to prevent conflicts?

      The company provides examples of how it engages with the local communities (e.g. monthly meetings, townhall meetings)

    • N
      0 / 1
      No source

      78. Details of process for addressing land conflicts available?

    • P
      0.5 / 1

      79. Commitment to support the inclusion of women across natural rubber operations, including addressing barriers faced?

      The company has a commitment to empower women throughout the supply chain however this commitment does not cover all the company's operations

    • Y
      1 / 1

      80. Commitment to mitigate impacts on food security?

      The company mentions food security in various statements which together add up to a commitment to mitigate food security

    • P
      0.75 / 1

      81. Progress on commitment to mitigate impacts on food security?

      The company provides multiple examples of activities on mitigating impacts on food security in Cameroon

    • Y
      1 / 1

      82. Commitment to provide essential community services and facilities?

    • Y
      1 / 1

      83. Progress on commitment to provide essential community services and facilities?

    • Y
      1 / 1

      84. Commitment to provide business/work opportunities for local communities?

    • Y
      1 / 1

      85. Commitment to respect all workers' rights?

    • Y
      1 / 1

      86. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles?

    • Y
      1 / 1

      87. Commitment to eliminate gender related discrimination with regards to employment and occupation?

    • Y
      1 / 1

      88. Percentage or number of temporary employees?

      2,047 (11.7%)

    • Y
      1 / 1

      89. Percentage or number of women employees?

      4,002 (30%)

    • Y
      1 / 1

      90. Commitment to pay at least minimum wage?

    • P
      0.5 / 1

      91. Progress on commitment to pay at least minimum wage?

      The company states that the ratio of entry-level wage compared to local minimum wage was 1:1 in 2016. This information is over two years old

    • P
      0.5 / 1

      92. Reporting of salary by gender?

      The company states that the ratio of entry-level wage compared to local minimum wage was 1:1 for both male and female employees in 2016. This information is over two years old

    • Y
      1 / 1

      93. Commitment to address occupational health and safety?

    • Y
      1 / 1

      94. Time lost due to work-based injuries?

      Figure represents injury lost day rate in 2018

    • Y
      1 / 1

      95. Reduction of time lost due to work-based injuries?

      The company states that the overall injury lost day rate improved in 2018 (65 in 2018 compared to 115 in 2017). This information is externally verified by TÜV SÜD under HeveaPRO certification

    • Y
      1 / 1

      96. Number of fatalities as a result of work-based accidents?

      0

    • Y
      1 / 1

      97. Zero fatalities as a result of work-based accidents?

      This information is externally verified by TÜV SÜD under HeveaPRO certification

    • P
      0.75 / 1

      98. Provision of personal protective equipment and related training?

      The company provides PPE and related training to employees

  • Certification standards/Sustainability initiatives Certification standards/Sustainability initiatives
    3.5 / 5 70%
    • Organisation: 1 / 1 100%
    • Policy: 1 / 1 100%
    • Practice: 1.5 / 3 50%
    • Self-reported: 0.5 / 3 16.7%
    • External: 1 / 3 33.3%
    • Y
      1 / 1
      No source

      99. Member of the Global Platform for Sustainable Natural Rubber (GPSNR)?

    • Y
      1 / 1
      No source

      100. Submitted self-declaration form for the Sustainable Natural Rubber Initiative (SNR-i)?

    • Y
      1 / 1

      101. Commitment to become 100% certified under voluntary sustainability certification scheme?

      The company is committed to have all factories ISO 14001 certified by 2021

    • P
      0.5 / 1

      102. Certified under voluntary sustainability certification scheme?

      ISO 14001, HeveaPRO

    • N
      0 / 1
      No source

      103. Percentage area (ha) FSC certified?

  • Smallholders and suppliers Smallholders and suppliers
    3.75 / 10 37.5%
    • Organisation: 0 / 1 0%
    • Policy: 2 / 4 50%
    • Practice: 1.8 / 5 35%
    • Self-reported: 0 / 5 0%
    • External: 1.8 / 5 35%
    • Y
      1 / 1

      104. Commitment to support smallholders?

    • 105. Programme to support scheme smallholders / outgrowers?

      This indicator is disabled as the company has informed ZSL that it does not source from scheme smallholders/outgrowers

    • 106. Percentage of scheme smallholders / outgrowers involved in programme?

      This indicator is disabled as the company has informed ZSL that it does not source from scheme smallholders/outgrowers

    • Y
      1 / 1

      107. Programme to support independent smallholders?

      The company provides multiple examples of how it supports independent smallholders including training and and providing equipment, seedlings and financial support

    • P
      0.75 / 1

      108. Percentage of independent smallholders involved in programme?

      [Externally verified] 17,236 - Figure covers the company's operations on Ivory Coast (16,769) and Cameroon (467)

    • N
      0 / 1
      No source

      109. Percentage of supply from smallholders?

    • N
      0 / 1
      No source

      110. Percentage of supply coming from agroforestry?

    • P
      0.5 / 1

      111. Process used to prioritise, assess and/or engage non-smallholder suppliers on compliance with company's policy and/or legal requirements?

      The company provides some details on engagement of suppliers however limited details are provided on the process to prioritise or assess suppliers

    • N
      0 / 1
      No source

      112. Number or percentage of non-smallholder suppliers assessed and/or engaged on compliance with company's policy and/or legal requirements?

    • P
      0.5 / 1

      113. Suspension or exclusion criteria for non-smallholder suppliers?

      The company does not detail timeframe for action or steps taken

    • N
      0 / 1
      No source

      114. Process used to engage smallholder suppliers on compliance with company's policy and/or legal requirements?

    • N
      0 / 1
      No source

      115. Number or percentage of smallholder suppliers engaged on compliance with company's policy and/or legal requirements?

  • Governance and grievances Governance and grievances
    3.25 / 5 65%
    • Organisation: 0 / 0 0%
    • Policy: 2 / 3 66.7%
    • Practice: 1.3 / 2 62.5%
    • Self-reported: 1.3 / 2 62.5%
    • External: 0 / 2 0%
    • Y
      1 / 1

      116. Commitment to ethical conduct and prohibition of corruption?

    • P
      0.75 / 1

      117. Progress on commitment to ethical conduct and prohibition of corruption?

      The company provides evidence of actions taken to implement ethical conduct and anti-corruption policies. It also states it has achieved zero cases on corruption in 2018

    • P
      0.5 / 1

      118. Whistleblowing procedure?

      The company states it has a whistleblowing procedure but limited details are provided

    • P
      0.5 / 1

      119. Own grievance or complaints system open to all stakeholders?

      The company states it has a grievance system however limited details are provided

    • P
      0.5 / 1

      120. Details of complaints and grievances disclosed?

      The company provides limited details on grievances

Media monitor: Halcyon Agri

SPOTT gathers reports and stories from global media sources, covering specific company activities related to the assessment indicator categories. ZSL does not assess the validity of these reports.

Category filter:
No article found for the selected categories.

Scoring criteria: Halcyon Agri

Scoring criteria guide how ZSL conducts SPOTT assessments and allocates scores to ensure a fair and consistent approach, setting the expectations for companies on how they should publish ESG data. The full natural rubber indicator framework contains 120 indicators across 10 categories.

SPOTT is a ZSL initiative.
Zoological Society of London (ZSL)