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Palm oil assessments

First Resources is an investment holding company established in 1992. Through its subsidiaries, First Resources

  • Landbank (oil palm):
    214,544 hectares
  • Palm cultivation revenue:
    37.96%
  • Market cap:
    1,860,470,000 USD
  • Thomson Reuters ticker:
    FRLD.SI
  • Bloomberg ticker:
    FR SP
  • ISIN:
    SG1W35938974
  • RSPO member?
    Yes
  • Website:

Company assessment: First Resources Ltd – November 2018

SPOTT assesses companies against over 100 indicators across ten categories. Click on the icons or bars below to expand each category for further details, scoring and links to reports and sources.

Assessment date:

Total: 69.9% 83.5 / 119.5
  • Sustainability policy and leadership Sustainability policy and leadership 5 / 6 83.3%
    • Companies should publish sustainability policies or similar covering their entire supply chain — including third party suppliers — implemented and enforced through high-level leadership that engages with wider industry schemes.

    • Yes
      1 / 1
      Source

      1. Sustainable palm oil policy or commitment for all its operations?

    • Yes
      1 / 1
      Source

      2. Policy or commitment applies to direct and third-party suppliers?

    • Yes
      1 / 1
      Source

      3. High-level position of responsibility for sustainability?

      Head of Sustainability

    • Yes
      1 / 1
      Source

      4. Sustainability report published within last two years?

    • No
      0 / 1
      No source

      5. Member of multiple industry schemes or other external initiatives to improve sustainability in relation to palm oil?

    • n/a
      -
      No source

      6. Verification report on compliance with POIG Charter, if a POIG member?

      This indicator is disabled as it is not applicable to this company.

    • Yes
      1 / 1
      Source

      7. Activities with government, NGOs or academic institutions to improve palm oil sustainability?

      The company reports its Community Development Officers engage with the local government, and it has working group discussions with NGOs as and when required. With the assistance of a local NGO (BKSDA) it trained its task force to detect, monitor and manage the presence of wildlife in HCV areas

  • Landbank, maps and traceability Landbank, maps and traceability 14 / 19 73.7%
    • Companies should publicly report figures on their total landbank and details of different areas under their management. They should also disclose maps of their management areas and provide details on traceability of their products, both to mill and plantation level.

    • Yes
      1 / 1
      Source

      8. Total land area managed/controlled for oil palm (ha)?

      214,544

    • Yes
      1 / 1
      Source

      9. Total oil palm planted area (ha)?

      179,110 - This figure excludes plasma areas

    • Yes
      1 / 1
      Source

      10. Plasma/scheme smallholders planted area (ha)?

      30,719

    • Yes
      1 / 1
      Source

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

      110,000 - The company reports a "development land bank" of 110,000 hectares with approximately 20,000 hectares of this land bank identified as "no-go areas". Data as of 2017

    • Yes
      1 / 1
      Source

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

      4,543.07 - Figure reported is HCV area. The company also states "Approximately 20,000 hectares, or 20%, of our existing development land bank are currently identified as "No-Go Areas." These are areas with potential HCS, HCV or peat content, and have therefore been carved out from the Group's development plans."

    • No
      0 / 1
      No source

      13. Area for infrastructure (ha)?

    • Yes
      1 / 1
      Source

      14. Number and names of company owned mills?

      15 - The company has also started construction of its 16th and 17th palm oil mills in West and East Kalimantan respectively

    • No
      0 / 1
      No source

      15. Maps or coordinates of company owned mills?

    • Yes
      1 / 1
      Source

      16. Number and names of supplier mills?

    • Yes
      1 / 1
      Source

      17. Maps of estates/management units?

      Concession boundaries have been made available to the RSPO and the company declares these represent 100% of its concession sites, but not all may be publicly available due to ongoing legal issues. Maps will become available on GeoRSPO

    • No
      0 / 1
      No source

      18. Maps of scheme/plasma smallholders?

    • Yes
      1 / 1
      Source

      19. Time-bound commitment to achieve 100% traceability to mill level?

      2,017 - The company has achieved 100% traceability to mills in 2017

    • Yes
      1 / 1
      Source

      20. Time-bound commitment to achieve 100% traceability to plantation level?

      2,020

    • Yes
      2 / 2
      Source

      21. Percentage of supply traceable to mill level (above 80%)?

      100%

    • Yes
      2 / 2
      Source

      22. Percentage of fresh fruit bunches (FFB) from own mills traceable to plantation level (above 75%)?

      96% - Percentage includes FFB supplies from nucleus and plasma plantations and third parties

    • No
      0 / 2
      No source

      23. Percentage of fresh fruit bunches (FFB) from supplier mills traceable to plantation level (above 75%)?

  • Deforestation and biodiversity Deforestation and biodiversity 9.5 / 10 95%
    • Companies should commit to address deforestation and to set aside areas for conservation. They should report on any activities to manage or restore habitat in their conservation areas, or monitor deforestation in their supply chains. They should also provide evidence of species conservation and biodiversity protection.

    • Yes
      1 / 1
      Source

      24. Commitment to zero deforestation?

    • Yes
      1 / 1
      Source

      25. Deforestation commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

      26. Criteria for defining deforestation?

      HCS, HCV, peat

    • Yes
      1 / 1
      Source

      27. Evidence of monitoring deforestation?

      Conservation taskforces that monitor the condition of HCV areas and also use satellite imagery to monitor HCS areas, aiming to detect any forest cover changes

    • Yes
      1 / 1
      Source

      28. Examples of habitat management and/or habitat restoration?

      Reforestation in HCV areas after forest fire encroachment, and has a mangrove-planting programme

    • Partial
      0.5 / 1
      Source

      29. Implementing a landscape-level approach to biodiversity conservation?

      The company states that it will collaborate with selected stakeholders in a landscape HCV conservation project and that it is exploring landscape conservation projects in one of its estates in West Kalimantan. However, no clear information on implementation could be identified

    • Yes
      1 / 1
      Source

      30. Commitment to biodiversity conservation?

    • Yes
      1 / 1
      Source

      31. Commitment to not endanger species of conservation concern, referencing international or national system of species classification?

      The company's conservation priorities include species preservation, and it recognises the importance of protecting the habitats of rare and endangered species, and makes reference to the IUCN Red List

    • Yes
      1 / 1
      Source

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

    • Yes
      1 / 1
      Source

      33. Examples of species conservation activities?

      HCV awareness programmes educating workers and local communities on biodiversity and restriction in HCV areas; signboards to highlight HCV areas; partnered with local conservation agencies on management of rare and endangered species; taskforces at two HCV areas to monitor wildlife

  • HCV, HCS and impact assessments HCV, HCS and impact assessments 7.5 / 8 93.8%
    • Companies should commit to the High Conservation Value (HCV) and High Carbon Stock (HCS) approaches, and to conduct social and environmental impact assessments (SEIA). They should develop and publish monitoring and management plans, and provide evidence through SEIA, HCV and HCS assessments, typically published in summary form due to the sensitive nature of certain sites.

    • Yes
      1 / 1
      Source

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

    • Yes
      1 / 1
      Source

      35. HCV commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

      36. Commitment to only use licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?

    • Yes
      1 / 1
      Source

      37. High Conservation Value (HCV) assessments for planting undertaken prior to January 2015, and associated management and monitoring plans?

      The following HCV assessments are publicly available: East Kalimantan: PT Borneo Surya Mining Jaya, PT Borneo Persada Energy Jaya, PT Maha Karya Bersama, PT Citra Agro Kencana, PT Ketapang Agro Lestari. West Kalimantan: PT Mitra Karya Sentosa, PT Swadaya Mukti Prakarsa

    • n/a
      -
      Source

      38. High Conservation Value (HCV) assessments for all estates planted since January 2015?

      This indicator is disabled as it is not applicable to this company.

    • n/a
      -
      No source

      39. High Conservation Value (HCV) management and monitoring plans for all estates planted since January 2015?

      This indicator is disabled as it is not applicable to this company.

    • n/a
      -
      No source

      40. Satisfactory review of all High Conservation Value (HCV) assessments undertaken since January 2015 by the HCV ALS Quality Panel?

      This indicator is disabled as it is not applicable to this company.

    • Yes
      1 / 1
      Source

      41. Commitment to the High Carbon Stock (HCS) Approach?

    • Partial
      0.5 / 1
      Source

      42. High Carbon Stock (HCS) assessments?

      The company states is has completed 15 HCS assessments covering all 110,000 hectares of its developed landbank. However, these assessments are not publicly available

    • Yes
      1 / 1
      Source

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

    • Yes
      1 / 1
      Source

      44. Social and environmental impact assessments (SEIAs) undertaken, and associated management and monitoring plans?

      The following SEIA assessments are publicly available: East Kalimantan: PT Borneo Surya Mining Jaya, PT Borneo Persada Energy Jaya, PT Maha Karya Bersama, PT Citra Agro Kencana, PT Ketapang Agro Lestari. West Kalimantan: PT Mitra Karya Sentosa, PT Swadaya Mukti Prakarsa

  • Peat, fire and GHG emissions Peat, fire and GHG emissions 9.5 / 15 63.3%
    • Companies should commit to protect peatland and undertake best management practices for soils and peat. They should also have policies on zero burning and to reduce their greenhouse gas (GHG) emissions. Companies should report their GHG emissions, as well as any fires that occurred in or around their estates, along with plans for managing and monitoring fires.

    • Yes
      1 / 1
      Source

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

    • Yes
      1 / 1
      Source

      46. Peat commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

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

    • No
      0 / 1
      No source

      48. Landbank or planted area on peat?

    • Yes
      1 / 1
      Source

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

    • Yes
      1 / 1
      Source

      50. Commitment to zero burning?

    • Yes
      1 / 1
      Source

      51. Zero burning commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

      52. Evidence of management and monitoring fires?

    • No
      0 / 1
      No source

      53. Details/number of hotspots/fires in company estates?

    • No
      0 / 1
      No source

      54. Details/number of hotspots/fires within surrounding landscape/smallholders?

    • No
      0 / 1
      Source

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

      The company is committed to reducing GHG emissions and plans to develop a GHG emissions reduction plan by 2017. However, it currently does not have a time-bound commitment

    • Partial
      0.5 / 1
      Source

      56. GHG emissions from land use change?

      The company only reports GHG emissions for two estates and mills and states that 57% of GHG emissions are from land conversion. Data as of 2015

    • Yes
      1 / 1
      Source

      57. Methodology used to calculate GHG emissions?

      Palm GHG Calculator version 3.0.1

    • Partial
      0.5 / 1
      Source

      58. Progress towards commitment to reduce GHG emissions intensity?

      The company only reports net GHG emissions of CO2e per tonne CPO for two of its mills

    • Partial
      0.5 / 1
      Source

      59. Percentage of mills with methane capture (100%)?

      3 (20%) - The company has also commissioned the construction of two more methane capture facilities

  • Water, chemical and pest management Water, chemical and pest management 9 / 12 75%
    • Companies should commit to managing water use and water quality, providing evidence through time-bound reduction plans, policies on toxic chemical use and treatment of palm oil mill effluent (POME).

    • Yes
      1 / 1
      Source

      60. Time-bound commitment to improve water use per tonne of FFB Processed?

      The company does not have a time-bound commitment to reduce water use, only to maintain levels below 1.0 tonne of water per tonne of FFB

    • Yes
      1 / 1
      Source

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

      The company has a commitment to maintain the biological oxygen demand (BOD) and chemical oxygen demand (COD) level below the legal threshold

    • Yes
      1 / 1
      Source

      62. Progress towards commitment on water use?

      The company reports reduced water usage at mills per tonne of FFB processed from 2014-2017, but does not have a time-bound commitment

    • Partial
      0.5 / 1
      Source

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

      The company reports levels of BOD from 2014-2017 but no equivalent reporting could be identified for COD

    • Yes
      1 / 1
      Source

      64. Protection of natural waterways through buffer zones?

    • Yes
      1 / 1
      Source

      65. Evidence of treating palm oil mill effluent (POME)?

    • Yes
      1 / 1
      Source

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

    • Partial
      0.5 / 1
      Source

      67. No use of paraquat?

      The company has a time-bound plan to phase out paraquat by 2019. Note this has been delayed since the previous target of 2017

    • No
      0 / 1
      No source

      68. No use of World Health Organisation (WHO) Class 1A and 1B pesticides?

    • No
      0 / 1
      No source

      69. No use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • Yes
      1 / 1
      Source

      70. Integrated Pest Management (IPM) approach?

    • Yes
      1 / 1
      Source

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

      Reports toxicity per hectare and list of pesticides currently used

  • Community, land and labour rights Community, land and labour rights 15.5 / 19.5 79.5%
    • Companies should commit to respect human rights, including those of indigenous peoples and local communities, consulted with free, prior and informed consent (FPIC). Companies should respect the rights of workers, report relevant workforce data, and comply with health and safety legislation.

    • Yes
      1 / 1
      Source

      72. Commitment to human rights, referencing the UN Declaration of Human Rights or UN Guiding Principles on Business and Human Rights?

    • Partial
      0.5 / 1
      Source

      73. Commitment to human rights applies to scheme smallholders and independent suppliers?

      The company does not have a clear commitment to human rights

    • Yes
      1 / 1
      Source

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

    • Partial
      0.5 / 1
      Source

      75. Commitment to respect indigenous and local communities' rights, referencing the UN Declaration on the Rights of Indigenous Peoples or ILO 169?

      The company only respects the rights of indigenous and local communities to give or withhold FPIC, and does not refer to the UN Declaration on Rights of Indigenous Peoples or ILO Indigenous and Tribal Peoples Convention

    • Yes
      1 / 1
      Source

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

    • Yes
      1 / 1
      Source

      77. FPIC commitment applies to independent suppliers?

    • Partial
      0.5 / 1
      Source

      78. Details of free, prior and informed consent (FPIC) process available?

      The company only provides limited detail on its FPIC process

    • Partial
      0.5 / 1
      Source

      79. Details of process for addressing land conflicts available?

      The company only states that land conflicts are addressed by processes agreed on by all parties and in an open, transparent and consultative manner

    • No
      0 / 1
      No source

      80. Commitment to mitigate impacts on food security?

    • Yes
      1 / 1
      Source

      81. Commitment to provide essential community services and facilities?

    • Yes
      1 / 1
      Source

      82. Commitment to respect all workers' rights?

    • Yes
      1 / 1
      Source

      83. Reference to Fundamental ILO Conventions or Free and Fair Labour Principles?

    • Yes
      0.5 / 0.5
      Source

      84. Total number of employees?

      18,418 - Includes permanent and contract employees

    • Yes
      1 / 1
      Source

      85. Percentage or number of temporary employees?

      3,649 (19.8%) - Contract employees

    • Yes
      1 / 1
      Source

      86. Percentage or number of women employees?

      1,229 (6.7%)

    • Partial
      0.5 / 1
      Source

      87. Commitment to pay minimum wage?

      The company states that minimum wage is paid but no evidence is provided that all workers are paid this

    • Yes
      1 / 1
      Source

      88. Commitment to address occupational health and safety?

    • Partial
      0.5 / 1
      Source

      89. Time lost due to work-based injuries?

      100.8 - The company only provides data for its Riau operations

    • Yes
      1 / 1
      Source

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

      3

    • Yes
      1 / 1
      Source

      91. Provision of personal protective equipment and pesticide training?

  • Certification standards Certification standards 4.5 / 17 26.5%
    • Companies should become members of credible certification standards and report in accordance with all appropriate categories of membership. The Roundtable on Sustainable Palm Oil (RSPO) requires members registered as growers to submit data relating to certification targets for their estates, scheme smallholders and independent fresh fruit bunch (FFB) suppliers, via an annual communications of progress (ACOP) report.

    • Yes
      1 / 1
      Source

      92. Member of the Roundtable on Sustainable Palm Oil (RSPO)?

      2,008

    • Yes
      0.5 / 0.5
      Source

      93. Submitted most recent RSPO Annual Communication of Progress (ACOP)?

    • Yes
      0.5 / 0.5
      Source

      94. Listed all countries and regions in which operates in most recent RSPO Annual Communication of Progress (ACOP)?

      The company states all the countries and regions in which it operates: Indonesia (West Kalimantan, East Kalimantan, Riau)

    • No
      0 / 0.5
      Source

      95. Time-bound plan for achieving 100% RSPO certification of estates within 5 years or achieved 100% RSPO-certification of estates?

      2,024 - Target more than five years away

    • No
      0 / 0.5
      Source

      96. Time-bound plan for achieving 100% RSPO certification of scheme/associated smallholders within 5 years or achieved 100% RSPO-certification of scheme/associated smallholders?

      2,027 - Target more than five years away

    • No
      0 / 0.5
      No source

      97. Year expected to achieve 100% RSPO certification of all palm product processing facilities?

    • No
      0 / 0.5
      Source

      98. RSPO-certified within three years of joining the RSPO or by November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007?

      The company states "Certification audits for 2 management units have been successfully completed in 2015. Awaiting RSPO to release certificates." Expects certification in 2018

    • Partial
      0.5 / 2
      Source

      99. Percentage of mills RSPO-certified (above 75%)?

      1 (6.6%) - The company's mill PT Arindo Trisejahtera POM is RSPO certified

    • Partial
      0.5 / 2
      Source

      100. Percentage of area (ha) RSPO-certified (above 75%)?

      8,376 (3.9%)

    • No
      0 / 2
      Source

      101. Percentage of scheme/associated smallholders (ha) RSPO-certified (above 75%)?

      0 (0%)

    • No
      0 / 2
      Source

      102. Percentage of FFB supply (tonnes) from independent FFB suppliers that is RSPO-certified (above 75%)?

      0 (0%)

    • No
      0 / 2
      No source

      103. Percentage of all palm oil and oil palm products handled/traded/processed (tonnes) that are RSPO-certified (above 75%)?

    • No
      0 / 1
      Source

      104. Sells or processes/trades RSPO-certified palm oil through Segregated or Identity Preserved supply chains?

    • Partial
      0.5 / 1
      Source

      105. Indonesia Sustainable Palm Oil (ISPO) certified (100%)?

      As of 2017, eight units had achieved ISPO certification and two additional units had completed audits

    • n/a
      -
      No source

      106. Malaysia Sustainable Palm Oil (MSPO) certified?

      This indicator is disabled as it is not applicable to this company.

    • Yes
      1 / 1
      Source

      107. Certified under voluntary sustainability certification scheme (e.g. ISCC, SAN, RSB, etc.)?

      As at 31 December?2017, 48,344 hectares of nucleus plantations were certified under the ISCC scheme. In addition, six palm oil mills and the company's processing and bulking facilities are ISCC certified

  • Smallholders and suppliers Smallholders and suppliers 3.5 / 7 50%
    • Companies should report details of any programmes or schemes to support both schemed and independent smallholders, as well as criteria to assess suppliers on compliance with company policies, and in what cases suppliers should be suspended or excluded due to non-compliance.

    • Yes
      1 / 1
      Source

      108. Programme to support scheme smallholders?

    • Yes
      1 / 1
      Source

      109. Number or percentage of scheme smallholders involved in programme?

      The company states it has partnered with and supported more than 14,000 smallholders on 30,480 hectares of oil palm plantations

    • No
      0 / 1
      Source

      110. Programme to support independent smallholders?

      The company only states in 2015 "In the next six months, we will continue to socialise our policy to our existing suppliers, including schemed smallholders as well as independent smallholders"

    • No
      0 / 1
      No source

      111. Number or percentage of independent smallholders involved in programme?

    • Yes
      1 / 1
      Source

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

      Distributed copy of company's policy, undertook desktop assessments, conducted one-to-one and group meetings with external suppliers to ensure understand company's policies, and planning a supplier workshop

    • Partial
      0.5 / 1
      Source

      113. Suspension or exclusion criteria for suppliers?

      Suspension if found to be engaged in the development of HCV, HCS or peat areas, in the use of fire in land preparation, or in the exploitation of local communities, and if do not take immediate remedial action. Business will be ceased with serious repeat violators, but no timeframes for action or steps taken are given

    • No
      0 / 1
      No source

      114. Percentage of suppliers assessed and/or engaged on compliance with company requirements?

  • Governance and grievances Governance and grievances 5.5 / 6 91.7%
    • Companies should operate in an ethical manner at all levels, providing accessible channels and clear procedures for both employees and external stakeholders to raise any grievance or complaint with the company, as well as allowing for whistleblowing.

    • Yes
      1 / 1
      Source

      115. Commitment to ethical conduct and prohibition of corruption?

    • Partial
      0.5 / 1
      Source

      116. Whistleblowing procedure?

      The company has a whistleblowing procedure, but limited details on the process are given

    • Yes
      1 / 1
      Source

      117. Own grievance or complaints system?

    • Yes
      1 / 1
      Source

      118. Grievance or complaints system is accessible to internal and external stakeholders?

    • Yes
      2 / 2
      Source

      119. Details of grievances disclosed?

Media monitor: First Resources Ltd

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 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.

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Research protocols: First Resources Ltd

Research protocols 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 palm oil indicator framework contains 119 indicators across 10 categories, aligned with corporate reporting initiatives.

SPOTT is a ZSL initiative.
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