Golden Plantation Tbk PT
Palm oil assessment- Latest update: November 2022
- Next scheduled: November 2023
ESG scores:
The following scores are based on the totals of all environmental, social and governance (ESG) indicators. Some indicators apply to more than one E, S or G issue.
Supply chain scores:
The following scores are based on ESG indicators relevant to specific segments of the palm oil supply chain.
Some indicators apply to multiple segments. Please refer to the scoring criteria for further details.
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About this company:
Established in 2007, Indonesian producer Golden Plantation is... Read more. involved in oil palm cultivation, processing of crude palm oil and palm kernel and food processing.
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Parent company:PT JOM Prawarsa Indonesia
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Landbank (oil palm)63,441 hectares
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Thomson Reuters ticker:GOLL.JK
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Bloomberg ticker:GOLL IJ Equity
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ISIN:ID1000133200
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RSPO member?No
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Activities:Oil palm cultivation, milling, palm kernel crushing, palm oil refining, trading and distribution
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Locations:South Kalimantan, Central Kalimantan, West Kalimantan, Riau, South Sumatra and Jambi
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Headquarters:Indonesia
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Related companies:PT Bumiraya Investindo, a subsudiary of the company, is 35% owned by Bunge Asia Pte. Ltd.
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Notes:Golden Plantation was until May 2016 under the ownership of PT Tiga Pilar Sejahtera Food Tbk, but is now majority owned by PT JOM Prawarsa Indonesia
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Website:
Company assessment: Golden Plantation Tbk PT – November 2022
Assessment date:
- Organisation: 6.5 / 40 16.3%
- Policy: 10.5 / 77 13.6%
- Practice: 4.8 / 75 6.3%
- Self-reported: 2.5 / 75 3.3%
- External: 0 / 75 0%
- Certified: 2.3 / 75 3%
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Sustainability policy and leadership
0.5 / 11 4.6%- Organisation: 0.5 / 6 8.3%
- Policy: 0 / 2 0%
- Practice: 0 / 3 0%
- Self-reported: 0 / 3 0%
- External: 0 / 3 0%
- Certified: 0 / 3 0%
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0 / 1
1. Sustainable palm oil policy or commitment for all its operations?
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0 / 1
2. Sustainable palm oil policy or commitment applies to all suppliers?
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0 / 1
3. High-level position of responsibility for sustainability?
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0 / 1
4. One or more members within the board of the company have responsibility for sustainability?
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0 / 1
5. Percentage or number of women in senior management team?
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6. Percentage or number of women board members?
0 (0%) - The company's annual report includes profiles of its board members but gender balance is not directly reported by the company.
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0 / 1
7. Member of multiple industry schemes or other external initiatives to reduce negative environmental or social outcomes associated with palm oil production?
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0 / 1
8. Collaboration with stakeholders to reduce negative environmental or social outcomes associated with palm oil production?
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9. Sustainability report published within last two years?
The requirements of the sustainability report are integrated into the annual report 2018. However, the report is over three years old.
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0 / 1
10. Reports through standardised reporting systems?
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11. Verification report on compliance with POIG Charter, if a POIG member?
This indicator is disabled as the company is not a POIG member.
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0 / 1
12. Climate risks assessment available?
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Landbank, maps and traceability
4.5 / 29 15.5%- Organisation: 4.5 / 19 23.7%
- Policy: 0 / 2 0%
- Practice: 0 / 8 0%
- Self-reported: 0 / 8 0%
- External: 0 / 8 0%
- Certified: 0 / 8 0%
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13. Lists countries and operations?
The company operates through its subsidiary PT Bumiraya Investindo located in South Kalimantan.
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0 / 1
14. Lists countries sourcing from?
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15. Total land area managed/controlled for oil palm (ha)?
63441 - The company owns total of 63,441 hectares (ha) concession areas. However, the information is over two years old.
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16. Total oil palm planted area (ha)?
24686 - The company reported total of 24,686 hectares (ha) of planted areas. However, the information is over two years old.
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17. Scheme smallholders planted area (ha)?
3000 - The company's annual report discloses 3000 ha of smallholder planted area. However, the information is over two years old.
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0 / 1
18. Unplanted (areas designated for future planting) (ha)?
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0 / 1
19. Conservation set-aside area, including HCV area (ha)?
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20. Maps of estates/management units?
A static image is available in the company's 2018 Annual Report.
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0 / 1
21. Maps of scheme smallholders?
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0 / 1
22. Names and locations of all third-party supplying plantations?
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23. Number of company-owned mills?
1 - The company have one mill owned by its subsidiary PT Bumiraya Investindo.
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24. Names and locations of company-owned mills?
The location of company owned mill PT Bumiraya Investindo is available on GFW.
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0 / 1
25. Number (or percentage) of company-owned mills that source from company-owned operations and third parties?
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0 / 1
26. Reports total volumes (or percentages) sourced by company-owned mills that come from company-owned operations and third-parties?
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0 / 1
27. Number of third party supplying mills?
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0 / 1
28. Names and locations of all third-party supplying mills?
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0 / 1
29. Number (or percentage) of third party supplying mills that source from their own plantations and third party plantations?
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0 / 1
30. Reports total volume (or percentages) sourced from third-party supplying mills that come from the supplying mills' own operations and third parties?
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0 / 1
31. Total volume (or percentage) sourced for refineries that comes from intermediary traders and/or refiners rather than directly from mills?
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0 / 1
32. Time-bound commitment to achieve 100% traceability to mill level?
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0 / 2
33. Percentage of supply traceable to mill level?
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0 / 1
34. Time-bound commitment to achieve 100% traceability to plantation level?
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0 / 2
35. Percentage of fresh fruit bunches (FFB) supply to own mills traceable to plantation level?
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0 / 2
36. Percentage of supply from third-party mills traceable to plantation level?
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0 / 1
37. Publishes traceability data at refinery level?
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0 / 1
38. Publishes traceability data at crusher level?
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Certification standards
0 / 15 0%- Organisation: 0 / 1 0%
- Policy: 0 / 3 0%
- Practice: 0 / 11 0%
- Self-reported: 0 / 11 0%
- External: 0 / 11 0%
- Certified: 0 / 11 0%
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0 / 1
39. Member of the Roundtable on Sustainable Palm Oil (RSPO)?
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0 / 1
40. 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?
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0 / 1
41. Submitted most recent RSPO Annual Communication of Progress (ACOP)?
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0 / 1
42. Percentage of area (ha) RSPO-certified?
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0 / 1
43. Percentage of mills RSPO-certified?
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0 / 1
44. Time-bound plan for achieving 100% RSPO certification of estates and mills within 5 years?
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0 / 1
45. Time-bound plan for achieving 100% RSPO certification of all palm product processing facilities within 5 years?
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0 / 1
46. Percentage of scheme smallholders (ha) RSPO-certified?
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0 / 1
47. Time-bound plan for achieving 100% RSPO certification of scheme/associated smallholders and outgrowers within 5 years or target already achieved?
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0 / 1
48. Percentage of FFB supply (tonnes) from independent smallholders/outgrowers/third-party FFB suppliers that is RSPO-certified?
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0 / 1
49. Percentage of all palm oil and oil palm products handled/traded/processed (tonnes) that is RSPO-certified?
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0 / 1
50. Sells RSPO-certified palm oil through Segregated or Identity Preserved supply chains?
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0 / 1
51. Processes/trades RSPO-certified palm oil through Segregated or Identity Preserved supply chains?
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0 / 1
52. Indonesia Sustainable Palm Oil (ISPO) certified (100%)?
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53. Malaysia Sustainable Palm Oil (MSPO) certified?
This indicator is disabled as the company does not operate in Malaysia.
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0 / 1
54. Certified under voluntary sustainability certification scheme (e.g. ISCC, SAS, RSB)?
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Deforestation and biodiversity
1 / 19 5.3%- Organisation: 0 / 2 0%
- Policy: 1 / 11 9.1%
- Practice: 0 / 6 0%
- Self-reported: 0 / 6 0%
- External: 0 / 6 0%
- Certified: 0 / 6 0%
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0 / 1
55. Commitment to zero conversion of natural ecosystems?
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56. Commitment to zero deforestation?
The company commits to zero deforestation.
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0 / 1
57. Commitment to zero deforestation applies to all suppliers?
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0 / 1
58. Criteria and cut-off date for defining deforestation?
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0 / 1
59. Criteria and cut-off date for defining deforestation in supplier operations?
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0 / 1
60. Evidence of monitoring deforestation and/or ecosystem conversion?
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0 / 1
61. Evidence of monitoring deforestation and/or ecosystem conversion in supplier operations?
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0 / 1
62. Amount of deforestation and/or ecosystem conversion recorded in own operations since cut-off date?
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0 / 1
63. Amount of deforestation and/or ecosystem conversion recorded in supplier operations since cut-off date?
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0 / 1
64. Commitment to restoration of deforestation/conversion?
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0 / 1
65. Commitment to restoration of deforestation/conversion applies to all suppliers?
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0 / 1
66. Implementing a landscape or jurisdictional level approach?
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0 / 1
67. Biodiversity policy?
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0 / 1
68. Biodiversity policy applies to all suppliers?
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0 / 2
69. Identified species of conservation concern, referencing international or national system of species classification?
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0 / 1
70. Examples of species and/or habitat conservation management?
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0 / 1
71. Commitment to no hunting or only sustainable hunting of species?
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0 / 1
72. Commitment to no hunting or only sustainable hunting of species applies to all suppliers?
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HCV, HCS and impact assessments
1 / 15 6.7%- Organisation: 0 / 0 0%
- Policy: 1 / 8 12.5%
- Practice: 0 / 7 0%
- Self-reported: 0 / 7 0%
- External: 0 / 7 0%
- Certified: 0 / 7 0%
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73. Commitment to conduct High Conservation Value (HCV) assessments?
The company conducts a series of High Conservation Value (HCV) assessments as part of its commitment to sustainable oil palm plantation development.
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0 / 1
74. Commitment to conduct High Conservation Value (HCV) assessments applies to all suppliers?
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0 / 1
75. High Conservation Value (HCV) assessments for planting undertaken prior to January 2015, and associated management and monitoring plans?
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0 / 1
76. High Conservation Value (HCV) assessments for all estates planted since January 2015?
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0 / 1
77. High Conservation Value (HCV) management and monitoring plans for all estates planted since January 2015?
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0 / 1
78. Commitment to only use licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?
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0 / 1
79. Commitment to only use licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS) applies to all suppliers?
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0 / 1
80. Satisfactory review of all High Conservation Value (HCV) assessments undertaken since January 2015 by the HCV ALS Quality Panel?
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0 / 1
81. Commitment to the High Carbon Stock (HCS) Approach?
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0 / 1
82. Commitment to the High Carbon Stock (HCS) Approach applies to all suppliers?
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0 / 1
83. High Carbon Stock (HCS) assessments available?
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0 / 1
84. Peer review of all High Carbon Stock (HCS) assessments undertaken since April 2015 by the HCSA Quality Assurance Process?
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85. Commitment to conduct social and environmental impact assessments (SEIAs)?
The company states that it embodies the commitment to realizing sustainable palm oil industry management in accordance with RSPO and ISPO principles and criteria by conducting social impact assessments (SIA) in Kalimantan and Sumatera only. However, the commitment is unclear and does not include EIA.
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0 / 1
86. Commitment to conduct social and environmental impact assessments (SEIAs) applies to all suppliers?
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0 / 1
87. Social and environmental impact assessments (SEIAs) available, and associated management and monitoring plans?
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Peat, fire and GHG emissions
2 / 20 10%- Organisation: 0 / 5 0%
- Policy: 1.5 / 8 18.8%
- Practice: 0.5 / 7 7.1%
- Self-reported: 0 / 7 0%
- External: 0 / 7 0%
- Certified: 0.5 / 7 7.1%
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88. Commitment to no planting on peat of any depth?
The company commits to clear lands without planting in peatland areas, and without burning, however, the depth of peatlands is not specified by the company.
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0 / 1
89. Commitment to no planting on peat of any depth applies to all suppliers?
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0 / 1
90. Landbank or planted area on peat (ha)?
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0 / 1
91. Implementation of commitment to no planting on peat of any depth?
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0 / 1
92. Commitment to best management practices for soils and peat?
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0 / 1
93. Commitment to best management practices for soils and peat applies to all suppliers?
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0 / 2
94. Evidence of best management practices for soils and peat?
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95. Commitment to zero burning?
The company commits to zero burning.
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0 / 1
96. Commitment to zero burning applies to all suppliers?
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97. Evidence of fire monitoring and management?
The company has constructed fire towers throughout its plantation and conducts patrols to accommodate land fire prevention measures by the emergency preparedness team (TKTD). However, the information is over two years old and self-reported.
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0 / 1
98. Details/number of hotspots/fires in company estates?
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0 / 1
99. Details/number of hotspots/fires within surrounding landscape/smallholders?
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0 / 1
100. Time-bound commitment to reduce greenhouse gas (GHG) emissions intensity?
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0 / 1
101. GHG emissions intensity?
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0 / 1
102. GHG emissions from land use change?
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0 / 1
103. Progress towards commitment to reduce GHG emissions intensity?
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0 / 1
104. Methodology used to calculate GHG emissions?
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0 / 1
105. Percentage of mills with methane capture (100%)?
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Water, chemical and pest management
2.75 / 25 11%- Organisation: 0 / 2 0%
- Policy: 0.5 / 11 4.6%
- Practice: 2.3 / 12 18.8%
- Self-reported: 0.5 / 12 4.2%
- External: 0 / 12 0%
- Certified: 1.8 / 12 14.6%
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0 / 1
106. Time-bound commitment to improve water use intensity?
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0 / 1
107. Water use intensity?
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0 / 1
108. Progress towards commitment on water use intensity?
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0 / 1
109. Time-bound commitment to improve water quality (BOD and COD)?
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0 / 1
110. Progress towards commitment on water quality (BOD and COD)?
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111. Treatment of palm oil mill effluent (POME)?
The company implements its POME system through the use of 14 waste storage ponds.However, this information is not externally verified.
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0 / 1
112. Treatment of palm oil refinery effluent (PORE)?
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0 / 1
113. Commitment to protect natural waterways through buffer zones?
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0 / 2
114. Implementation of commitment to protect natural waterways through buffer zones?
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115. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers?
The company commits to minimise the use of chemical fertilisers only.
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0 / 1
116. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers, applies to all suppliers?
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0 / 1
117. Commitment to no use of paraquat?
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0 / 1
118. Commitment to no use of paraquat applies to all suppliers?
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0 / 1
119. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides?
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0 / 1
120. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides applies to all suppliers?
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0 / 1
121. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention?
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0 / 1
122. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention applies to all suppliers?
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0 / 1
123. Chemical usage per ha or list of chemicals used?
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124. Implementation of commitment to minimise inorganic fertiliser use?
The company replaces the fertilizer with solid nutrient-enriched waste from harvested fruit bunches. However, the information is over two years old and self-reported.
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125. Integrated Pest Management (IPM) approach?
The company reports that 'to reduce and control pests, it implements integrated pest control that is safe for humans and the environment by using natural predators, for example, owl for rats, and through periodic observation to monitor pest infestation to accommodate early preventive measures if necessary. The information is over two years old and self-reported.
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126. Waste management system in place to avoid negative impacts?
The company has a waste management system in line with the environmental regulations. However, the information is not externally verified.
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Community, land and labour rights
6 / 35 17.1%- Organisation: 1.5 / 5 30%
- Policy: 3 / 21 14.3%
- Practice: 1.5 / 9 16.7%
- Self-reported: 1.5 / 9 16.7%
- External: 0 / 9 0%
- Certified: 0 / 9 0%
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0 / 1
127. Commitment to human rights?
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0 / 1
128. Commitment to human rights applies to all suppliers?
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0 / 1
129. Progress on human rights commitment?
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0 / 1
130. Commitment to respect indigenous and local communities' rights?
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0 / 1
131. Commitment to indigenous and local communities' rights applies to all suppliers?
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0 / 1
132. Commitment to respect legal and customary land tenure rights?
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0 / 1
133. Commitment to respect legal and customary land rights applies to all suppliers?
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0 / 1
134. Commitment to free, prior and informed consent (FPIC)?
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0 / 1
135. Commitment to free, prior and informed consent (FPIC) applies to all suppliers?
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0 / 1
136. Details of free, prior and informed consent (FPIC) process available?
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137. Examples of local stakeholder engagement to prevent conflicts?
The company listed one example of stakeholder engagement to prevent conflict in its 2017 Annual Report.
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0 / 1
138. Details of process for addressing land conflicts available?
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0 / 1
139. Supports the inclusion of women across palm oil operations, including addressing barriers faced?
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0 / 1
140. Commitment to mitigate impacts on food security?
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0 / 1
141. Progress on commitment to mitigate impacts on food security?
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142. Commitment to provide essential community services and facilities?
The company states that it ensures the welfare of employees and the community where they operate as part of the implementation of good corporate governance.
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143. Progress on commitment to provide essential community services and facilities?
The company is repairing roads under its Social Infrastructure program. However, the information is over two years old and self-reported.
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144. Commitment to provide business/work opportunities for local communities?
The company has the policy to hire and empower local workers from its operational areas.
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0 / 1
145. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles?
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0 / 1
146. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles applies to all suppliers?
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0 / 1
147. Progress on commitment to respect all workers' rights?
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148. Commitment to eliminate gender related discrimination with regards to employment?
The company commits to prevent employment-related discrimination based on gender.
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0 / 1
149. Commitment to eliminate gender related discrimination with regards to employment applies to all suppliers?
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0 / 1
150. Progress on commitment to eliminate gender related discrimination with regards to employment?
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151. Percentage or number of temporary employees?
310 (34.44%) - The company reports the total number of non-permanent employees in its annual report 2018.
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152. Percentage or number of women employees?
92 (10.22%) - The company reports the total number of women employees in its annual report 2018.
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0 / 1
153. Commitment to pay a Decent Living wage?
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0 / 1
154. Commitment to pay a Decent Living wage applies to all suppliers?
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0 / 1
155. Progress on commitment to pay a Decent Living wage?
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0 / 1
156. Reporting of salary by gender?
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157. Commitment to address occupational health and safety?
The company commits to address health and safety at work for all workers.
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0 / 1
158. Commitment to address occupational health and safety applies to all suppliers?
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159. Provision of personal protective equipment and related training?
The company only reports that it provides all safety equipment and facilities, including Personal Protective Equipment, and healthcare facilities to all employees at the Estates and mill. Training provision is not reported. The information is not externally verified.
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0 / 1
160. Time lost due to work-based injuries?
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161. Number of fatalities as a result of work-based accidents?
0 - The company reports that in 2018, there was no minor, major or fatal work accidents.
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Smallholders and suppliers
1 / 16 6.3%- Organisation: 0 / 0 0%
- Policy: 0.5 / 6 8.3%
- Practice: 0.5 / 10 5%
- Self-reported: 0.5 / 10 5%
- External: 0 / 10 0%
- Certified: 0 / 10 0%
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162. Commitment to support smallholders?
The company conduct training, to improve the welfare of surrounding smallholder, which does not seems to be a strong commitment.
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163. Programme to support scheme smallholders?
The company only reports to improve the welfare of surrounding smallholders and conducts training for and dissemination to smallholders. The information is over two years old and self-reported.
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0 / 1
164. Percentage of scheme smallholders involved in programme?
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0 / 1
165. Programme to support independent smallholders?
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0 / 1
166. Percentage of independent smallholders/outgrowers involved in programme?
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0 / 1
167. Process used to prioritise, assess and/or engage suppliers on compliance with company's policy and/or legal requirements?
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0 / 1
168. Number or percentage of suppliers assessed and/or engaged on compliance with company's policy and/or legal requirements?
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0 / 1
169. Suspension or exclusion criteria for suppliers?
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0 / 1
170. Time-bound action plans (including Key Performance Indicators) for suppliers to be in compliance with palm oil sourcing commitments?
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0 / 1
171. Proportion of direct and indirect supply that comes from palm oil plantations which are compliant with palm oil sourcing policies?
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0 / 1
172. Time-bound plan to engage with all high risk mills within 3 years?
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0 / 1
173. Programme to support high risk mills to become compliant with sourcing policies?
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0 / 1
174. Regularly engages with a subset of high risk mills?
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0 / 1
175. Procedures in place to assess all own and third party supplying palm oil mills for risk level?
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0 / 1
176. Regularly assesses and categorises the risk level of all their own and third party supplying mills?
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0 / 1
177. Regularly reports the risk level of all own and third party supplying mills identified in its supply chain?
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Governance and grievances
3 / 7 42.9%- Organisation: 0 / 0 0%
- Policy: 3 / 5 60%
- Practice: 0 / 2 0%
- Self-reported: 0 / 2 0%
- External: 0 / 2 0%
- Certified: 0 / 2 0%
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178. Commitment to ethical conduct and prohibition of corruption?
The company commits to ethical conduct and the prohibition of corruption.
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0 / 1
179. Commitment to ethical conduct and prohibition of corruption applies to all suppliers?
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0 / 1
180. Progress on commitment to ethical conduct and prohibition of corruption?
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0 / 1
181. Disclosure of the company's management approach to tax and payments to governments?
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182. Whistleblowing procedure?
The company has a whistleblowing system with a clear description of the steps taken.
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183. Own grievance or complaints system open to all stakeholders?
The company do have an employee grievance mechanism along with a system for external complaints.
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0 / 1
184. Details of complaints and grievances disclosed?
SPOTT scores are based on the presence of external evidence made available by the company or third-parties.
Media monitor: Golden Plantation Tbk PT
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.
September 2020
Telat lapor kondisi keuangan dan bayar denda, BEI suspensi 26 perusahaan (Late in reporting financial conditions and paying fines, IDX suspended 26 companies)
October 2019
Wadaw! 9 Emiten Didenda Ratusan Juta, Ada Perusahaan Milik Samin Tan dan Bakrie! (Wadaw! 9 issuers are fined hundreds of millions, there is a company owned by Samin Tan and Bakrie!)
September 2019
peta pemain besar sawit dunia di indonesia dan kepatuhan terhadap inisiatif lingkungan (Map of the world big palm players in indonesia and compliance with environmental initiatives)
July 2019
Kata Golden Plantation (GOLL) soal anak usahanya yang terjerat PKPU (Said Golden Plantation (GOLL) about its subsidiary being entangled in PKPU)
February 2008
Losing Ground - The human rights impacts of oil palm plantation expansion in Indonesia
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Media monitor: Golden Plantation Tbk PT
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.

