Genting Plantations Bhd
Palm oil assessment- Latest update: November 2024
- Next scheduled: November 2025
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Parent company:Genting Group
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Landbank (oil palm)242,965 hectares
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Market cap:1,093,900,000 USD
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Thomson Reuters ticker:GENP.KL
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Bloomberg ticker:GENP MK Equity
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Sedol:6057680
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LEI:No LEI
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RSPO member?Yes - The company became a member in 2006, in April 2014, the company had its RSPO membership suspended. However, in September 2014, the company's membership status was reinstated.
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Website:
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Media Monitor
- ZSL's SPOTT team monitors international media for news on assessed companies, collecting articles about pertinent activities. They don't confirm the accuracy of the media coverage, but it can be leveraged by SPOTT users to gain insights into a company's operations and possible risks. To access this company's media reports, scroll down or click here.
Company assessment: Genting Plantations Bhd – October 2014
Assessment date:
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RSPO reporting requirements
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1 / 11.1.. Is the company an RSPO member?
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1 / 1
1.2.. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?
Yes.
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1 / 1
1.3.1.. In the company's most recent and up-to-date RSPO ACOP report, does the company refer to itself as an oil palm grower?
Genting Plantations correctly refer to themselves as an oil palm grower.
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1 / 1
1.3.2.. In the company's most recent and up-to-date RSPO ACOP report, does the company state all the countries and regions in which it operates?
Genting Plantations correctly states the countries in which the company operates.
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0 / 11.4.1.. Has the company set any public targets to be 100% RSPO-certified?
2020.
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1.4.2.. Has the company missed any of its public targets to be 100% RSPO-certified?
No. However, an original target of 2016 was extended.
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0 / 4
1.5.. What percentage of the company's total plantation estates is RSPO-certified?
0 -
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1.6.. Are the company's RSPO Principles and Criteria certification assessments publicly available?
Not applicable as currently none of Genting's plantation estates are RSPO certified.
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0 / 1
1.7.1.. Has the company set any public targets for its third party suppliers to be 100% RSPO-certified?
2023.
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1.7.2.. Has the company missed any public targets for 100% of its independent FFB suppliers to be RSPO-certified?
No. However, an original target of 2018 was extended.
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0 / 1
1.8.1.. Has the company set any public targets for scheme smallholders to be 100% RSPO-certified?
2020.
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1.8.2.. Has the company missed any public targets for 100% of its scheme smallholders to be RSPO-certified?
No. However, an original target of 2016 was extended.
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0 / 4
1.9.. What percentage of the company's scheme smallholder plantations is RSPO-certified?
0 -
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Landbank and maps
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0 / 1
2.1.1.. Does the company have a publicly available statement detailing its land acquisition criteria?
No information could be found using the research protocols.
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0 / 1
2.1.2.. Does this statement apply to all of the company's scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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1 / 1
2.2.1.. Has the company publicly disclosed its total landbank area for oil palm cultivation?
246650 - Yes, landbank for oil palm cultivation is 246,650 ha.
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1 / 1
2.2.2.. Has the company publicly disclosed its total planted area?
127819 - Yes, planted area is 127,819 ha.
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1 / 1
2.2.3.. Has the company publicly disclosed its total scheme smallholder area?
7978 - Yes, scheme smallholder hectarage is 7,978 ha.
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1 / 1
2.2.4.. Has the company publicly disclosed its total area of land managed for conservation that is set aside (i.e. including areas of High Conservation Value)?
17231 - Yes, landbank for conservation is 17,231 ha.
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1 / 1
2.3.1.. Are all of the company's concession maps publicly available for all countries in which it operates?
Company concession boundary maps have been submitted but are currently not available to be viewed on the SPOTT mapping tool. This page will be updated once the information has been made available.
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0 / 1
2.3.2.. Are all of the company's scheme smallholders' concession maps publicly available for all countries in which it operates?
No scheme smallholder concession maps have been made publicly available by Genting Plantations and are therefore unavailable to view on the SPOTT mapping tool.
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Environmental management
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0 / 1
3.1.1.. Does the company have a publicly available statement to address deforestation resulting from its operations?
No.
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0 / 1
3.1.2.. Does this statement apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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0 / 1
3.2.1.. Does the company have a publicly available commitment to undertake Free, Prior and Informed Consent (FPIC) prior to any new planting taking place?
Statement found using the research protocols does not explicitly state that FPIC is undertaken prior to any new planting taking place.
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1 / 1
3.2.2.. Does the company make its Free, Prior and Informed Consent (FPIC) process publicly available?
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1 / 1
3.3.1.. Does the company have a publicly available commitment to conduct SEIA (Social and Environmental Impact Assessments) assessments prior to any new planting taking place?
Yes.
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0 / 1
3.3.2.. Are all SEIA assessments conducted after November 2005 publicly available?
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1 / 1
3.4.1.. Does the company have a publicly available commitment to conduct High Conservation Value (HCV) assessments prior to any new planting taking place?
Yes.
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0 / 1
3.4.3.. Are all of the company's High Conservation Value (HCV) assessments conducted after November 2005 publicly available?
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0 / 1
3.4.4.. Does the company make its High Conservation Value (HCV) management and monitoring plans for all of its estates publicly available?
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0 / 1
3.6.. Does the company have a publicly available Water Management Plan or equivalent for its operations?
No information could be found using the research protocols.
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0 / 1
3.7.. Does the company have a publicly available Integrated Pest Management Plan for its operations?
No information could be found using the research protocols.
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0 / 1
3.8.. Does the company have a publicly available commitment to not use WHO Class 1A and 1B pesticides and paraquat, or time-bound plan for phasing out their use?
No information could be found using the research protocols.
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3.9.. Has the company been mentioned in any relevant media stories and/or reports that make reference to wildlife conflict or deforestation within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?
Please find the relevant media stories listed in the media monitor below.
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Fragile, marginal and peat soils
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0 / 1
4.1.1.. Does the company have a publicly available statement stating that it is committed to a strict 'no new development on peat' policy?
No information could be found using the research protocols.
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0 / 1
4.1.2.. Does this policy apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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4.2.. What percentage of the company's landbank for oil palm cultivation is located on peat?
No information could be found using the research protocols.
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Zero burning
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1 / 1
5.1.1.. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?
Yes.
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0 / 1
5.1.2.. Does this policy apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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5.2.. Has the company been mentioned in any relevant media stories and/or reports that make reference to fires found within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?
Please find the relevant media stories listed in the media monitor below.
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Greenhouse gas emissions
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0 / 1
6.1.1.. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?
No information could be found using the research protocols.
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0 / 1
6.1.2.. Does this time-bound plan apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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0 / 1
6.2.. Does the company publicly report on progress made towards achieving its time-bound plan?
No information could be found using the research protocols.
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0 / 1
6.3.. Does the company publicly report its GHG emissions from land use change associated with new planting?
No information could be found using the research protocols.
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Traceability
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0 / 1
7.1.. Are all of the company's mill locations publicly available for all countries in which it operates?
No palm oil mill locations have been made publicly available by Genting Plantations and are therefore unavailable to view on the SPOTT mapping tool.
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0 / 4
7.2.. What percentage of the company's total palm oil mills is RSPO-certified?
0 -
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0 / 4
7.3.. What percentage of the company's total fresh fruit bunches (FFBs) purchased from independent suppliers (not including outgrowers and scheme smallholders) is RSPO-certified?
No information could be found using the research protocols.
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0 / 1
7.4.. Does the company have a public commitment to move towards Segregated and/or Identity Preserved certified sustainable palm oil (CSPO)?
No information could be found using the research protocols.
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0 / 2
7.5.. Does the company prioritize certified sustainable palm oil (CSPO) from Segregated or Identity Preserved supply chain models over Mass Balance or GreenPalm?
Book & Claim.
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SPOTT scores are based on the presence of external evidence made available by the company or third-parties.
Media monitor: Genting Plantations Bhd
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. The media monitor undergoes a full update at the time of publishing an assessment round, with ad-hoc updates throughout the year. This is not an exhaustive list of all media reports relevant to the company.
View all reports
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February 2025
317.253 Hektare Izin Kebun Sawit dalam Kawasan Hutan Ditolak Kemenhut (317,253 Hectares of Oil Palm Plantation Permits in Forest Areas Rejected by Ministry of Forestry)
October 2024
Best Group Terbidik dalam Penggeledahan Kantor KLHK? (Best Group Targeted in KLHK Office Raid?)
October 2024
Bongkar Mafia Pemutihan Kebun Sawit di Kawasan Hutan Lindung (Uncovering the Palm Oil Plantation Whitening Mafia in Protected Forest Areas)
October 2024
Walhi Desak Kejagung Segera Periksa Swasta Termasuk Best Group soal Korupsi Tata Kelola Sawit (Walhi Urges Attorney General to Immediately Examine Private Sector Including Best Group Regarding Palm Oil Management Corruption)
September 2024
RSPO Complaint" PT Citra Sawit Cemerlang (a subsidiary of Genting Plantations Berhad)
May 2024
RSPO Complaint: PT Citra Sawit Cemerlang (a subsidiary of Genting Plantations Berhad)
June 2022
RSPO: Centenar de quejas no detiene la huella del aceite de palma en los bosques tropicales (RSPO: Hundreds of complaints do not stop the footprint of palm oil in tropical forests)
November 2021
One in five hectares of palm oil in Indonesia is criminal, report shows
October 2019
We stopped open burning on oil palm estates in 1985, says association
September 2019
5 firms suspected of starting Indonesia fires may face multiple charges, says report
September 2019
Be accountable for forest fires, Greenpeace tells Genting Plantations
September 2019
Greenpeace claims Malaysia's Genting among palm oil groups with most burnt land in Indonesia but firm disputes findings
June 2019
Investors launch co-ordinated effort to force corporate climate disclosure
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Media monitor: Genting Plantations Bhd
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.
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