Golden Plantation Tbk PT
Palm oil assessment- Latest update: November 2024
- Next scheduled: November 2025
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Parent company:PT JOM Prawarsa Indonesia
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Landbank (oil palm)10,889 hectares
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Thomson Reuters ticker:GOLL.JK
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Bloomberg ticker:GOLL IJ Equity
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LEI:No LEI
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RSPO member?No
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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: Golden Plantation Tbk PT – May 2016
Assessment date:
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RSPO reporting requirements
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0.5 / 11.1.. Is the company an RSPO member?
No. However, one of Golden Plantation's subsidiaries, PT Bumi Raya Investindo, has been an RSPO member since 2014. Golden Plantation and its other plantation subsidiaries are currently not RSPO members. 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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1.2.. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?
Yes.
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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?
Yes, Bumi Raya Investindo refers to itself as a palm oil grower.
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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?
Yes. Bumi Raya Investindo states all the countries and regions in which it directly operates: Indonesia (South Kalimantan).
Bumi Raya Investindo does not include in its 2015 ACOP the whole scope of its indirect operations through its subsidaries, which operate within other provinces of Indonesia, and it does not include Golden Plantation's other subsidaries. -
1.4.1.. Has the company RSPO-certified its first plantation estate: a) By November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007? b) Within three years of joining the RSPO or of acquiring plantation operations as an RSPO member?
No. Bumi Raya Investindo plans to certify its first estate in 2018. It plans to certfiy all groups by 2024 (only applies to operations in South Kalimantan).
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-1.4.2.. Has the company missed any of its public targets to be 100% RSPO-certified?
No.
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1.5.. What percentage of the company's total plantation estates is RSPO-certified?
0 - 0% of Bumi Raya Investindo 's plantation estates are RSPO certified.
Calculation: 0 ha (total area RSPO certified) divided by 17,142.35 ha (stated planted area) x 100 (this only includes operations in South Kalimantan). -
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1.6.. Are the company's RSPO Principles and Criteria certification assessments publicly available?
None of Bumi Raya Investindo's estates are currently RSPO-certified.
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1.7.1.. Have the first of the company's independent FFB suppliers achieved RSPO certification?
No. Bumi Raya Investindo plans to certify all independent FFB suppliers by 2020 (only applies to operations in South Kalimantan).
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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.
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1.8.1.. Has the company RSPO-certified its first scheme smallholders?
No. Bumi Raya Investindo plans to certify all scheme smallholders by 2024 (only applies to operations in South Kalimantan).
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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.
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1.9.. What percentage of the company's scheme smallholder plantations is RSPO-certified?
0 - 0% of Golden Plantation's scheme smallholder plantations are RSPO certified
Calculation: 0 ha (total area RSPO-certified) divided by 3,447.79 (scheme smallholder hectarage) x 100 (only includes operations in South Kalimantan). -
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1.10.. Does the company have any open complaints filed through the RSPO complaints system?
No.
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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 / 12.2.1.. Has the company publicly disclosed its total landbank area for oil palm cultivation?
59745 - Yes, landbank for oil palm cultivation is 59,745 ha.
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1 / 1
2.2.2.. Has the company publicly disclosed its total planted area?
24453 - Yes, planted area is 24,453 ha.
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0 / 1
2.2.3.. Has the company publicly disclosed its total scheme smallholder area?
3000 - No. There are at least 3000 ha of smallholder plantation, in partnership with subsidiary PT Bumiraya Investindo (Golden Plantation was previously owned by PT Tiga Pilar Sejahtera).
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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)?
197.04 - Yes, landbank for conservation is 197.04 ha (only covers operations in South Kalimantan).
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2.3.1.. Are all of the company's concession maps publicly available for all countries in which it operates?
Map-related indicators are temporarily disabled for all companies due to legal issues.
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2.3.2.. Are all of the company's scheme smallholders' concession maps publicly available for all countries in which it operates?
Map-related indicators are temporarily disabled for all companies due to legal issues.
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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 information could be found using the research protocols.
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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?
No information could be found using the research protocols.
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0 / 1
3.2.2.. Does the company make its Free, Prior and Informed Consent (FPIC) process publicly available?
No information could be found using the research protocols.
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0 / 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?
No information could be found using the research protocols.
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0 / 1
3.3.2.. Are all SEIA assessments conducted after November 2005 publicly available?
No information could be found using the research protocols.
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0 / 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?
No information could be found using the research protocols.
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0 / 1
3.4.2.. Has the company publicly committed to only using licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?
No information could be found using the research protocols.
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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?
No information could be found using the research protocols.
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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?
No information could be found using the research protocols.
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0 / 1
3.5.. Has the company publicly committed to applying a High Carbon Stock (HCS) methodology to all of its landholdings and not developing on HCS areas?
No information could be found using the research protocols.
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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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0 / 1
5.1.1.. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?
No information could be found using the research protocols.
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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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0 / 1
6.4.. Has the company made a public commitment to report and to reduce effects from Palm Oil Mill Effluent (POME)?
No information could be found using the research protocols.
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0 / 1
6.5.. Has the company made a public commitment to eliminate methane emissions from all of its palm oil mills?
No information could be found using the research protocols.
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Traceability
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7.1.. Are all of the company's mill locations publicly available for all countries in which it operates?
Map-related indicators are temporarily disabled for all companies due to legal issues.
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7.2.. What percentage of the company's total palm oil mills is RSPO-certified?
0 - 0%
Calculation: 0 (stated number of palm oil mills RSPO-certified) divided by 1 (stated number of palm oil mills operated) x 100. -
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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7.5.. Does the company prioritize certified sustainable palm oil (CSPO) from Segregated or Identity Preserved supply chain models over Mass Balance or GreenPalm?
Mass Balance.
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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. 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.
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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)
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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.
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