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Socfin Group S.A.

Natural rubber assessment
  • Latest update: March 2021
  • Next scheduled: March 2022

Show media reports (44) Show ESG scores Show supply chain scores Modify score weighting

Company assessment: Socfin Group S.A. – March 2021

Assessment date:

Score by disclosure type:

Total: 67.7% 81.25 / 120
  • Organisation: 18.5 / 28 66.1%
  • Policy: 41 / 51 80.4%
  • Practice: 21.8 / 41 53.1%
  • Self-reported: 13 / 41 31.7%
  • External: 8.8 / 41 21.3%
  • Sustainability policy and leadership Sustainability policy and leadership
    7.25 / 10 72.5%
    • Organisation: 3.5 / 5 70%
    • Policy: 2 / 2 100%
    • Practice: 1.8 / 3 58.3%
    • Self-reported: 1 / 3 33.3%
    • External: 0.8 / 3 25%
    • Y
      1 / 1

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

      The company has a policy for responsible management that covers multiple dimensions of sustainability across the company's operations covering both social and environmental issues.

    • Y
      1 / 1

      2. Sustainable natural rubber policy or commitment applies to all suppliers excluding smallholders?

      The company's policy for responsible management applies to all sourcing.

    • Y
      1 / 1

      3. High-level position of responsibility for sustainability?

      Sustainability manager.

    • Y
      1 / 1

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

      The Group CEO is responsible for the group's sustainability department.

    • N
      0 / 1

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

    • P
      0.5 / 1

      6. Percentage or number of women board members?

      0 (0%) - The company reports the composition of Board of Directors in its annual report which comprises of all male members. However, the gender balance is not directly reported by company.

    • P
      0.75 / 1

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

      [Externally verified] TFA 2020.

    • Y
      1 / 1

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

      The company collaborates with multiple stakeholders including the Earthworm Foundation.

    • Y
      1 / 1

      9. Sustainability report published within last two years?

      Sustainability Report 2019.

    • N
      0 / 1

      10. Climate risks assessment available?

  • Landbank, maps and traceability Landbank, maps and traceability
    7.5 / 10 75%
    • Organisation: 6.5 / 9 72.2%
    • 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?

      The company lists the countries and nature of operations in its sustainability report 2019.

    • Y
      1 / 1

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

      383,150 - The figure includes palm oil concessions as well.

    • Y
      1 / 1

      13. Total natural rubber planted area (ha)?

      63,191 - The company reports the total natural rubber planted area in its sustainability report.

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

      This indicator is disabled as the company reports that it does not source from scheme/outgrower smallholder suppliers.

    • N
      0 / 1

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

    • P
      0.5 / 1

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

      The company reports that in Cambodia its plantation protects 2,212 ha of land and also more than 350 ha of land is identified as sacred sites. However, it is unclear if the sacred sites are included in the 2,212 ha figure.

    • Y
      1 / 1

      17. Maps of estates/management units?

      Concession maps are available on the company website.

    • N
      0 / 1

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

    • Y
      1 / 1

      19. Number of company owned natural rubber processing facilities?

      8 - The company reports the total number of natural rubber processing facilities in its Sustainability Report 2019.

    • Y
      1 / 1

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

      The names and coordinates of all natural rubber processing facilities are available on the company website.

    • Y
      1 / 1

      21. Commitment to traceability of the whole supply chain?

      The company reports its commitment to obtain traceability for 100% of its raw materials.

  • Certification standards/Sustainability initiatives Certification standards/Sustainability initiatives
    2.75 / 5 55%
    • Organisation: 1 / 1 100%
    • Policy: 0 / 1 0%
    • Practice: 1.8 / 3 58.3%
    • Self-reported: 0 / 3 0%
    • External: 1.8 / 3 58.3%
    • Y
      1 / 1

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

      The company is a member of the Global Platform for Sustainable Natural Rubber (GPSNR).

    • Y
      1 / 1

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

      The company has submitted self-declaration form for the Sustainable Natural Rubber Initiative (SNR-i).

    • N
      0 / 1

      24. Percentage area (ha) FSC certified?

    • P
      0.75 / 1

      25. Certified under voluntary sustainability certification scheme?

      [Externally verified] Some of the company's natural rubber facilities are certified against ISO 14001.

    • N
      0 / 1

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

  • Deforestation and biodiversity Deforestation and biodiversity
    9.25 / 13 71.2%
    • Organisation: 0 / 1 0%
    • Policy: 6 / 8 75%
    • Practice: 3.3 / 4 81.3%
    • Self-reported: 1.3 / 4 31.3%
    • External: 2 / 4 50%
    • Y
      1 / 1

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

      The company commits to eliminate deforestation in all its operations and supply chains.

    • Y
      1 / 1

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

      The company commitment to eliminate deforestation in all its operations and supply chains applies to all sourcing.

    • Y
      1 / 1

      29. Criteria for defining deforestation?

      HCV, HCS areas with immediate effect.

    • P
      0.5 / 1

      30. Evidence of monitoring deforestation?

      The company only states that it monitors and prevents all illegal logging, however, no details on how monitoring is conducted are provided (e.g. extent of area, time frame).

    • N
      0 / 1

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

    • P
      0.5 / 1

      32. Commitment to restoration of non-compliant deforestation/conversion?

      The company only reports information on a reforestation project of 400 ha for the areas suffered from severe deforestation by the communities. However, a clear commitment or a cut-off date beyond which deforestation or conversion would not be accepted is not reported by the company.

    • Y
      1 / 1

      33. Implementing a landscape or juridictional level approach?

      Land use strategy with Earthworm Foundation.

    • Y
      1 / 1

      34. Commitment to biodiversity conservation?

      The company commits to protect biodiversity and support its enhancement.

    • Y
      1 / 1

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

      An independent Carbon Stock Assessment of the company's concession in the western region of Ghana carried out by Proforest is available on the company website. This report includes information on the species of conservation concern identified referencing the IUCN Red List.

    • P
      0.75 / 1

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

      The company reports multiples examples of species and habitat conservation management in its operations.

    • P
      0.5 / 1

      37. Commitment to no hunting or only sustainable hunting of species?

      The company reports that it monitors and prevents all illegal hunting (bush meat), fishing, logging or cutting, in respect of local legislation. However, this information is reported in concern of HCV areas.

    • Y
      1 / 1

      38. Commitment to protect areas from illegal activities?

      The company reports information on protecting areas from illegal activities.

    • N
      0 / 1

      39. Commitment not to use genetically modified organisms?

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    6.25 / 7 89.3%
    • Organisation: 0 / 0 0%
    • Policy: 3 / 3 100%
    • Practice: 3.3 / 4 81.3%
    • Self-reported: 0 / 4 0%
    • External: 3.3 / 4 81.3%
    • Y
      1 / 1

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

      The company commits to conduct High Conservation Value (HCV) assessments.

    • P
      0.75 / 1

      41. High Conservation Value (HCV) assessments available?

      [Externally verified] Only four HCV assessments are available on the HCVRN website.

    • P
      0.75 / 1

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

      [Externally verified] Only four HCV management and monitoring plans are available on the HCVRN website.

    • Y
      1 / 1

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

      The company commits to implement the High Carbon Stock approach as defined by the HCS steering group and the HCS toolkit.

    • Y
      1 / 1

      44. High Carbon Stock (HCS) assessments available?

      HCS assessment reports of two concessions, prepared by Proforest, are available on the company website.

    • Y
      1 / 1

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

      The company commits to conduct social and environmental impact assessments (SEIAs).

    • P
      0.75 / 1

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

      [Externally verified] Only one SEIA assessment is publicly available on the company website, however the associated management and monitoring plans are not available.

  • Soils, fire and GHG emissions Soils, fire and GHG emissions
    5.25 / 15 35%
    • Organisation: 0 / 4 0%
    • Policy: 4 / 6 66.7%
    • Practice: 1.3 / 5 25%
    • Self-reported: 1.3 / 5 25%
    • External: 0 / 5 0%
    • Y
      1 / 1

      47. Commitment to no planting on peat of any depth?

      The company commits to not develop new plantations or infrastructures on peatland. Peat soils are characterised by an organic content of more than 65%, regardless of depth and surface area.

    • N
      0 / 1

      48. Landbank or planted area on peat (ha)?

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company commits to best management practices for soils and peat.

    • P
      0.75 / 1

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

      The company has confirmed not having landbank on peat and provides evidence for best management practices for soil in its sustainability report 2019.

    • N
      0 / 1

      52. Commitment to best/sustainable tapping practices?

    • N
      0 / 1

      53. Evidence of best/sustainable tapping practices?

    • Y
      1 / 1

      54. Commitment to zero burning?

      The company commits to prohibit the use of fire, however it also states that in case it is not possible to immediately stop dangerous practices it will "actively conduct research into the use of alternatives in order to cease these practices as soon as possible." Zero burning is currently tested at two estates (SOGB and Safacam).

    • P
      0.5 / 1

      55. Evidence of fire monitoring and management?

      The company provides examples of both fire monitoring and management practices. However, the information reported is from 2017.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

      58. GHG emissions intensity?

    • N
      0 / 1

      59. GHG emissions from land use change?

    • N
      0 / 1

      60. Progress towards commitment to reduce GHG emissions intensity?

    • Y
      1 / 1

      61. Methodology used to calculate GHG emissions?

      The company reports that its sustainability department, in collaboration with the management of the agronomic rubber department, entered a partnership with MEO Carbon Solutions to develop a carbon footprint calculator for its rubber plantations.

  • Water, chemical and pest management Water, chemical and pest management
    11.25 / 17 66.2%
    • Organisation: 2 / 2 100%
    • Policy: 5 / 6 83.3%
    • Practice: 4.3 / 9 47.2%
    • Self-reported: 4.3 / 9 47.2%
    • External: 0 / 9 0%
    • Y
      1 / 1

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

      The company reports that the water consumption per ton of dry rubber is stable and consistent with the target set: below 20 m3/T.

    • Y
      1 / 1

      63. Water use intensity?

      1.15 - The company reports the water use intensity figures for the year 2019.

    • P
      0.75 / 1

      64. Progress towards commitment on water use intensity?

      The company's water consumption per ton of dry rubber has decreased from 1.18 m3/T in 2018 to 1.15 m3/T in 2019.

    • Y
      1 / 1

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

      The company reports that it ensures that the BOD (Biological Oxygen Demand) and COD (Chemical Oxygen Demand) values are within permitted levels (local regulations or IFC (International Finance Corporation) and/or RSPO standards, whichever applies).

    • N
      0 / 1

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

    • P
      0.75 / 1

      67. Treatment of effluents from processing facilities?

      The company reports that all rubber factories have water treatment facilities (anaerobic and aerobic effluent ponds).

    • N
      0 / 1

      68. Proportion of processing facilities with closed-loop water treatment system?

    • Y
      1 / 1

      69. Commitment to protect natural waterways through buffer zones?

      The company reports that it protects and restores the riparian buffer zones.

    • P
      0.75 / 1

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

      The company reports evidence for implementation of commitment to protect natural waterways through buffer zones.

    • N
      0 / 1

      71. Reducing odours from natural rubber processing facilities?

    • Y
      1 / 1

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

      The company commits to reduce chemical and inorganic fertiliser use.

    • Y
      1 / 1

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

      The company commits to no use of World Health Organisation (WHO) Class 1A and 1B pesticides.

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company reports a list of chemicals used.

    • P
      0.5 / 1

      76. Implementation of commitment to reduce chemical usage?

      The figures reported by the company show a decrease in usage of chemicals except for Carbuforan which shows an increase in usage for 2019 as compared to 2018.

    • P
      0.75 / 1

      77. Integrated Pest Management (IPM) approach?

      The company implements an integrated pest management (IPM) approach.

    • P
      0.75 / 1

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

      The company has a waste management system in place.

  • Community, land and labour rights Community, land and labour rights
    21.75 / 27 80.6%
    • Organisation: 4.5 / 5 90%
    • Policy: 13.5 / 16 84.4%
    • Practice: 3.8 / 6 62.5%
    • Self-reported: 2.8 / 6 45.8%
    • External: 1 / 6 16.7%
    • Y
      1 / 1

      79. Commitment to human rights?

      The company commits to respect and support the Universal Declaration of Human Rights.

    • Y
      1 / 1

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

      The company's commitment to human rights applies to all sourcing.

    • Y
      1 / 1

      81. Commitment to respect Indigenous and local communities' rights?

      The company commits to respect Indigenous and local communities' rights.

    • P
      0.5 / 1

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

      The company commits to respect legal and customary land tenure rights, but only in relation to FPIC.

    • Y
      1 / 1

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

      The company commits to ensure that the laws and the best international practices in FPIC are implemented for all its operations.

    • Y
      1 / 1

      84. Commitment to free, prior and informed consent (FPIC) applies to all suppliers excluding smallholders?

      The company's commitment to free, prior and informed consent (FPIC) applies to all suppliers.

    • Y
      1 / 1

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

      The company states that it follows the "FAO Manual on Free, Prior and Informed Consent".

    • Y
      1 / 1

      86. Examples of local stakeholder engagement to prevent conflicts?

      The company reports examples of local stakeholder engagement to prevent conflicts.

    • Y
      1 / 1

      87. Details of process for addressing land conflicts available?

      The company has a grievance procedure which has been used to record and respond to land conflict related grievances.

    • N
      0 / 1

      88. Supports the inclusion of women across natural rubber operations, including addressing barriers faced?

    • N
      0 / 1

      89. Commitment to mitigate impacts on food security?

    • P
      0.75 / 1

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

      The company reports multiple examples for progress on commitment to mitigate impacts on food security.

    • Y
      1 / 1

      91. Commitment to provide essential community services and facilities?

      The company reports a commitment to encourage long-term collaboration to projects with the local communities in order to increase social impact: social life, health, education, etc.

    • P
      0.75 / 1

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

      The company reports multiple examples for progress on commitment to provide essential community services and facilities.

    • Y
      1 / 1

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

      The company commits to provide business opportunities for local communities.

    • Y
      1 / 1

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

      The company has commitments which are in line with the International Labour Organization's core conventions.

    • Y
      1 / 1

      95. Commitment to eliminate gender related discrimination with regards to employment?

      The company has a policy on equal employment opportunities.

    • P
      0.75 / 1

      96. Progress on commitment to eliminate gender related discrimination with regards to employment?

      The company has an internal grievance management system for complaints/grievances related to harassment.

    • Y
      1 / 1

      97. Percentage or number of temporary employees?

      17,595 (37%) - Includes daily workers, subcontractors and temporary workers.

    • Y
      1 / 1

      98. Percentage or number of women employees?

      5,175 - Figures provided applies to permanent employees only, number of women within temporary workers, contractors and daily workers not recorded.

    • Y
      1 / 1

      99. Commitment to pay at least minimum wage?

      The company reports that all its workers are paid a decent wage that equals or exceeds the minimum legal wage defined by national standards and legal regulations.

    • N
      0 / 1

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

    • P
      0.5 / 1

      101. Reporting of salary by gender?

      The company reports the minimum wage of all subsidiaries is legally set and equal among genders. However, reporting of figures or ratio of the basic salary of women in line with men is not published.

    • Y
      1 / 1

      102. Commitment to address occupational health and safety?

      The company reports that the health and safety of workers are protected from any risk that could generate permanent injury, illness or death.

    • P
      0.5 / 1

      103. Provision of personal protective equipment and related training?

      The company reports information on provision of personal protective equipment and training, however, this is only related to waste management.

    • Y
      1 / 1

      104. Time lost due to work-based injuries?

      60.05 - Injury rate per 200,000 hours is reported as 20.71 and the lost day rate per 200,000 hours is reported as 60.05.

    • Y
      1 / 1

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

      4 - The figure includes work-related fatalities of contractors, daily workers and others.

  • Smallholders and suppliers Smallholders and suppliers
    5.25 / 10 52.5%
    • Organisation: 1 / 1 100%
    • Policy: 3.5 / 4 87.5%
    • Practice: 0.8 / 5 15%
    • Self-reported: 0.8 / 5 15%
    • External: 0 / 5 0%
    • Y
      1 / 1

      106. Commitment to support smallholders?

      The company commits to support smallholders.

    • Y
      1 / 1

      107. Percentage of supply from smallholders?

      58% - The company reports that 58% of rubber production comes from smallholders.

    • 108. Programme to support scheme smallholders/outgrowers?

      This indicator is disabled as the company reports that it does not source from scheme/outgrower smallholder suppliers.

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

      This indicator is disabled as the company reports that it does not source from scheme/outgrower smallholder suppliers.

    • P
      0.75 / 1

      110. Programme to support independent smallholders?

      The company reports multiple examples of support provided to independent smallholders.

    • N
      0 / 1

      111. Percentage of independent smallholders involved in programme?

    • Y
      1 / 1

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

      The company reports information on the process used to engage smallholder suppliers on compliance with company's policies.

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company has a code of ethics for all suppliers which they are audited against.

    • N
      0 / 1

      115. 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

      116. Suspension or exclusion criteria for suppliers?

      The company reports information on suspension criteria for suppliers. However, no time frames for action or steps taken are reported.

    • N
      0 / 1

      117. Percentage of supply coming from agroforestry?

  • Governance and grievances Governance and grievances
    4.75 / 6 79.2%
    • Organisation: 0 / 0 0%
    • Policy: 3 / 4 75%
    • Practice: 1.8 / 2 87.5%
    • Self-reported: 1.8 / 2 87.5%
    • External: 0 / 2 0%
    • Y
      1 / 1

      118. Commitment to ethical conduct and prohibition of corruption?

      The company commits to ethical conduct and prohibition of corruption through its ethical conduct policy.

    • P
      0.75 / 1

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

      The company has a central purchasing body Sodimex, which has developed a specific business ethics code, regulating and limiting the practices of corruption.

    • N
      0 / 1

      120. Disclosure of the company's management approach to tax and payments to governments?

    • Y
      1 / 1

      121. Whistleblowing procedure?

      The company has a whistleblowing policy with clear description of steps taken along with how whistleblowers are protected.

    • Y
      1 / 1

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

      The company has a grievance management mechanism that enables any stakeholder to raise a grievance against the group, its subsidiaries and joint ventures or any of its suppliers.

    • Y
      1 / 1

      123. Details of complaints and grievances disclosed?

      The company discloses all grievances on its website.

Media monitor: Socfin Group S.A.

SPOTT monitors global media sources for coverage of assessed companies. The media monitor gathers reports about specific activities related to the assessment indicator categories. ZSL does not assess or score the validity of media coverage, but users can explore the media monitor to provide context on implementation, and infer risks associated with reported operations on the ground.

Natural rubber media reports (44) Last media reports:
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