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Golden Veroleum (Liberia) Inc (GVL)

Palm oil assessment
  • Latest update: November 2023
  • Next scheduled: November 2024

Show media reports (44) Show ESG scores Show supply chain scores Modify score weighting
  • Parent company:
    The Verdant Fund LP
  • Landbank (oil palm)
    40,670 hectares
  • Bloomberg ticker:
    GOLDVERZ HK Equity
  • LEI:
    No LEI
  • RSPO member?
    Yes
  • Website:
  • 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 Veroleum (Liberia) Inc (GVL) – November 2023

Assessment date:

Score by disclosure type:

Total: 43.1% 51.75 / 120
  • Organisation: 10.5 / 30 35%
  • Policy: 30 / 41 73.2%
  • Practice: 11.3 / 49 23%
  • Self-reported: 5.8 / 49 11.7%
  • External: 5.5 / 49 11.2%
  • Certified: 0 / 49 0%
  • Sustainability policy and leadership Sustainability policy and leadership
    2.75 / 10 27.5%
    • Organisation: 0.5 / 6 8.3%
    • Policy: 1 / 1 100%
    • Practice: 1.3 / 3 41.7%
    • Self-reported: 0.5 / 3 16.7%
    • External: 0.8 / 3 25%
    • Certified: 0 / 3 0%
    • Y
      1 / 1

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

      The company has a palm oil policy that encompasses all of its palm oil operations and commits to following the sustainability policy of Golden Agri Resources.

    • 2. Sustainable palm oil policy or commitment applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • P
      0.5 / 1

      3. High-level position of responsibility for sustainability?

      The company reports that it has a Vice President for sustainability. The data between two and five years old hence partial points are awarded.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

      6. Percentage or number of women board members?

    • P
      0.75 / 1

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

      [Externally verified] The company is a member of the Tropical Forest Alliance (TFA).

    • P
      0.5 / 1

      8. Collaboration with stakeholders to reduce negative environmental or social outcomes associated with palm oil production?

      The company reports working with NGOs and CSOs to implement its action plan, which includes taking measures to improve the sustainability of its palm oil operations. However only limited details are provided and the data is between two and five years old.

    • N
      0 / 1

      9. Sustainability report published within last two years?

    • N
      0 / 1

      10. Reports through standardised reporting systems?

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

      This indicator is disabled as the company is not a POIG member.

    • N
      0 / 1

      12. Climate risks assessment available?

  • Landbank, maps and traceability Landbank, maps and traceability
    9 / 10 90%
    • Organisation: 9 / 10 90%
    • Policy: 0 / 0 0%
    • Practice: 0 / 0 0%
    • Self-reported: 0 / 0 0%
    • External: 0 / 0 0%
    • Certified: 0 / 0 0%
    • Y
      1 / 1

      13. Lists countries and operations?

      The company has oil palm concessions and a mill in Liberia.

    • 14. Lists countries sourcing from?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

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

      40670 - The company reports the total land area managed for oil palm in its RSPO ACOP 2022.

    • P
      0.5 / 1

      16. Total oil palm planted area (ha)?

      19011 - The company reports the total oil palm planted area in its RSPO ACOP 2022. However, this figure also includes the infrastructure area.

    • 17. Scheme smallholders planted area (ha)?

      This indicator is disabled as the company is only a processor or trader.

    • Y
      1 / 1

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

      10176 - The company reports its total unplanted area in its RSPO ACOP 2022.

    • Y
      1 / 1

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

      11482 - The company reports land designated and managed as HCV areas, in its RSPO ACOP 2022.

    • Y
      1 / 1

      20. Maps of estates/management units?

      The company reports that it has submitted all concession maps to RSPO and that no new concessions have been added and that no changes in ownership of concessions have occurred since the submission of maps to RSPO. The company also reports the locations of all its concessions on its website, however these are not geo-referenced, do not show estate boundaries, and are undated.

    • 21. Maps of all scheme smallholders?

      This indicator is disabled as the company does not source from scheme/plasma smallholders.

    • 22. Maps of all third-party supplying plantations?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

      23. Number of company-owned mills?

      1 - The company reports the number of mills in its RSPO ACOP 2022.

    • P
      0.5 / 1

      24. Names and locations of company-owned mills?

      The company reports the name of its mill (Tarjuwon Mill) and only provides a static image map without coordinates.

    • Y
      1 / 1

      25. Number (or percentage) of company-owned mills that source from company-owned operations and third parties?

      The company reports having no suppliers (smallholders, outgrowers, third-parties). The company's own mill exclusively obtains palm oil from its own operations.

    • Y
      1 / 1

      26. Reports total volumes (or percentages) sourced by company-owned mills that come from company-owned operations and third-parties?

      The company reports having no suppliers (including smallholders, outgrowers, or third parties). The company's own mill exclusively relies on its own operations for sourcing.

    • 27. Number of third party supplying mills?

      This indicator is disabled as the company does not source from third-party supplying mills.

    • 28. Names and locations of all third-party supplying mills?

      This indicator is disabled as the company does not source from third-party supplying mills.

    • 29. Number (or percentage) of third party supplying mills that source from their own plantations and third party plantations?

      This indicator is disabled as the company does not source from third-party supplying mills.

    • 30. Reports total volume (or percentages) sourced from third-party supplying mills that come from the supplying mills' own operations and third parties?

      This indicator is disabled as the company does not source from third-party supplying mills.

    • 31. Total volume (or percentage) sourced for refineries that comes from intermediary traders and/or refiners rather than directly from mills?

      This indicator is disabled as the company does not own refineries.

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

      This indicator is disabled as the company does not source from third-party supplying mills.

    • 33. Percentage of supply traceable to mill level?

      This indicator is disabled as the company does not source from third-party supplying mills.

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

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 35. Percentage of fresh fruit bunches (FFB) supply to own mills traceable to plantation level?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 36. Percentage of supply from third-party mills traceable to plantation level?

      This indicator is disabled as the company does not source from third-party supplying mills.

    • 37. Publishes traceability data at refinery level?

      This indicator is disabled as the company does not own refineries.

    • 38. Publishes traceability data at crusher level?

      This indicator is disabled as the company does not own palm kernel crushing facilities.

  • Certification standards Certification standards
    3 / 8 37.5%
    • Organisation: 1 / 1 100%
    • Policy: 1 / 1 100%
    • Practice: 1 / 6 16.7%
    • Self-reported: 0 / 6 0%
    • External: 1 / 6 16.7%
    • Certified: 0 / 6 0%
    • Y
      1 / 1

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

      [Externally verified] 2011 - The company has been an RSPO member since 2011.

    • N
      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?

      2025 - The company plans to achieve RSPO certification in 2025.

    • Y
      1 / 1

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

      The company submitted the 2022 RSPO ACOP.

    • N
      0 / 1

      42. Percentage of area (ha) RSPO-certified?

    • N
      0 / 1

      43. Percentage of mills RSPO-certified?

    • Y
      1 / 1

      44. Time-bound plan for achieving 100% RSPO certification of estates and mills within 5 years?

      2025 - The company commits to achieving 100% RSPO certification of estates and mills by 2025. This is within 5 years.

    • 45. Time-bound plan for achieving 100% RSPO certification of all palm product processing facilities within 5 years?

      This indicator is disabled as the company is only a grower or miller.

    • 46. Percentage of scheme smallholders (ha) RSPO-certified?

      This indicator is disabled as the company does not source from scheme/plasma smallholders.

    • 47. Time-bound plan for achieving 100% RSPO certification of scheme/associated smallholders and outgrowers within 5 years or target already achieved?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 48. Percentage of FFB supply (tonnes) from independent smallholders/outgrowers/third-party FFB suppliers that is RSPO-certified?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 49. Percentage of all palm oil and oil palm products handled/traded/processed (tonnes) that is RSPO-certified?

      This indicator is disabled as the company is only a grower or miller.

    • N
      0 / 1

      50. Sells RSPO-certified palm oil through Segregated or Identity Preserved supply chains?

    • 51. Processes/trades RSPO-certified palm oil through Segregated or Identity Preserved supply chains?

      This indicator is disabled as the company only reports a Grower ACOP.

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

      This indicator is disabled as the company does not operate in Indonesia.

    • 53. Malaysia Sustainable Palm Oil (MSPO) certified?

      This indicator is disabled as the company does not operate in Malaysia.

    • N
      0 / 1

      54. Certified under voluntary sustainability certification scheme (e.g. ISCC, SAS, RSB)?

  • Deforestation and biodiversity Deforestation and biodiversity
    3 / 12 25%
    • Organisation: 0 / 1 0%
    • Policy: 2 / 6 33.3%
    • Practice: 1 / 5 20%
    • Self-reported: 0 / 5 0%
    • External: 1 / 5 20%
    • Certified: 0 / 5 0%
    • N
      0 / 1

      55. Commitment to zero conversion of natural ecosystems?

    • 56. Commitment to zero conversion of natural ecosystems applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • P
      0.5 / 1

      57. Commitment to zero deforestation?

      The company commits to adhere to GAR's sustainability policy but only mentions avoiding development on high carbon stock (HCS) areas and peat, there is no explicit mention of high conservation value (HCV) areas.

    • 58. Commitment to zero deforestation applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • P
      0.5 / 1

      59. Criteria and cut-off date for defining deforestation?

      The company only specifies that HCS forest is not to be deforested, however, no cut-off date is provided.

    • 60. Criteria and cut-off date for defining deforestation in supplier operations?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      61. Evidence of monitoring deforestation and/or ecosystem conversion?

    • 62. Evidence of monitoring deforestation and/or ecosystem conversion in supplier operations?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      63. Amount of deforestation and/or ecosystem conversion recorded in own operations since cut-off date?

    • 64. Amount of deforestation and/or ecosystem conversion recorded in supplier operations since cut-off date?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      65. Commitment to restoration of deforestation/conversion in own operations since cut-off date?

    • 66. Commitment to restoration of deforestation/conversion in supplier operations since cut-off date?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      67. Implementing a landscape or jurisdictional level approach?

    • P
      0.5 / 1

      68. Biodiversity policy?

      The company commits to follow GAR's social and environmental policy, which includes a biodiversity commitment.

    • 69. Biodiversity policy applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 2

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

      [Externally verified] The company reports IUCN framework is used in HCV reports to identify species that are to be conserved. The assessment is externally verified.

    • N
      0 / 1

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

    • P
      0.5 / 1

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

      The company commits to no hunting of endangered, rare, and threatened species as defined by Liberian law.

    • 73. Commitment to no hunting or only sustainable hunting of species applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    7.75 / 11 70.5%
    • Organisation: 0 / 0 0%
    • Policy: 4 / 4 100%
    • Practice: 3.8 / 7 53.6%
    • Self-reported: 1 / 7 14.3%
    • External: 2.8 / 7 39.3%
    • Certified: 0 / 7 0%
    • Y
      1 / 1

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

      The company commits under the RSPO New Planting Procedures (NPP) as an RSPO member reporting as a grower. The company also makes this commitment in its own reporting.

    • 75. Commitment to conduct High Conservation Value (HCV) assessments applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • P
      0.75 / 1

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

      [Externally verified] The company reports HCV assessments conducted before January 2015 but only one of these assessments includes a comprehensive management and monitoring plan.

    • P
      0.5 / 1

      77. High Conservation Value (HCV) assessments for all estates planted/planned planting since January 2015?

      The company reports one 2016 HCV assessment for estates planted since January 2015, this does not cover all new planting as new planting is reported in the company's 2019 and 2020 ACOPs with no HCV assessments published for these estates.

    • P
      0.5 / 1

      78. High Conservation Value (HCV) or combined HCV/HCS management and monitoring plans for all estates planted/planned planting since January 2015?

      The company reports one HCV management and monitoring plan for one 2016 estate planted since January 2015, this does not cover all new planting as new planting is reported in the company's 2019 and 2020 ACOPs with no HCV management and monitoring plans published for these estates.

    • Y
      1 / 1

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

      The company commits under the RSPO New Planting Procedures (NPP) as an RSPO member reporting as a grower.

    • 80. 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?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

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

      [Externally verified] The company reports that its one HCV assessment has been quality reviewed by the since January 2015 as per ALS Quality panel and deemed satisfactory.

    • Y
      1 / 1

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

      The company commits under the RSPO New Planting Procedures (NPP) as an RSPO member reporting as a grower. The company also makes this commitment in its own reporting.

    • 83. Commitment to the High Carbon Stock (HCS) Approach applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      84. High Carbon Stock (HCS) assessments available?

    • N
      0 / 1

      85. Peer review of all High Carbon Stock (HCS) assessments undertaken since April 2015 by the HCSA Quality Assurance Process?

    • Y
      1 / 1

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

      The company commits under the RSPO New Planting Procedures (NPP) as an RSPO member reporting as a grower.

    • 87. Commitment to conduct social and environmental impact assessments (SEIAs) applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

      88. Social and environmental impact assessments (SEIAs) available, and associated management and monitoring plans?

      [Externally verified] The company reports one social and environmental impact assessment report.

  • Peat, fire and GHG emissions Peat, fire and GHG emissions
    2.5 / 16 15.6%
    • Organisation: 0 / 5 0%
    • Policy: 2.5 / 5 50%
    • Practice: 0 / 6 0%
    • Self-reported: 0 / 6 0%
    • External: 0 / 6 0%
    • Certified: 0 / 6 0%
    • Y
      1 / 1

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

      The company commits under the RSPO New Planting Procedures (NPP) as an RSPO member reporting as a grower. The company also makes this commitment in its own reporting.

    • 90. Commitment to no planting on peat of any depth applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

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

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

      This indicator is disabled as the producer clearly states that it has no operations on peatland for above indicator (""Landbank or planted area on peat (ha)"").

    • P
      0.5 / 1

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

      The company reports its commitment to implementing best management practices for peatland as outlined in GAR's Social and Environmental Policy. But, the commitment does not commit to best management practices for soils. Therefore, only partial points can be granted for this aspect.

    • 94. Commitment to best management practices for soils and peat applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 2

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

    • Y
      1 / 1

      96. Commitment to zero burning?

      The company commits to no burning through GAR's Social and Environmental Policy.

    • 97. Commitment to zero burning applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 2

      98. Evidence of fire monitoring and management?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

      102. GHG emissions intensity?

    • N
      0 / 1

      103. GHG emissions from land use change in company's own operations (scope 1)?

    • (NEW: not scored this year)

      104. GHG emissions from land use change in supplier operations (scope 3)?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      105. Progress towards commitment to reduce GHG emissions intensity?

    • N
      0 / 1

      106. Methodology used to calculate GHG emissions?

    • N
      0 / 1

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

  • Water, chemical and pest management Water, chemical and pest management
    6.25 / 20 31.3%
    • Organisation: 0 / 2 0%
    • Policy: 5 / 7 71.4%
    • Practice: 1.3 / 11 11.4%
    • Self-reported: 1.3 / 11 11.4%
    • External: 0 / 11 0%
    • Certified: 0 / 11 0%
    • N
      0 / 1

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

    • N
      0 / 1

      109. Water use intensity?

    • N
      0 / 1

      110. Progress towards commitment on water use intensity?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • P
      0.5 / 2

      113. Treatment of palm oil mill effluent (POME)?

      The company reports reducing wastewater and waste as required, prior to discharge or disposal but commitment does not mention POME, hence only partial points are rewarded.

    • 114. Treatment of palm oil refinery effluent (PORE)?

      This indicator is disabled as the company does not own refineries.

    • Y
      1 / 1

      115. Commitment to protect natural waterways through buffer zones?

      The company commits to protecting and conserving high conservation value areas, including riparian zones along rivers and streams, survivable tracts of primary forest, and water sources.

    • N
      0 / 2

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

    • Y
      1 / 1

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

      The company commits to minimising the use of chemical fertilisers and pesticides through GAR's Social and Environmental Policy.

    • 118. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers, applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

      119. Commitment to no use of paraquat?

      The company commits to not use paraquat.

    • 120. Commitment to no use of paraquat applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

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

      The company, through GAR's Social and Environmental Policy, commits not to use World Health Organisation (WHO) Class 1A and 1B pesticides except in "specific situations".

    • 122. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

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

      The company, through GAR's Social and Environmental Policy, commits not to chemicals listed under the Stockholm Convention and Rotterdam Convention except in "specific situations".

    • 124. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

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

    • N
      0 / 2

      126. Implementation of commitment to minimise inorganic fertiliser use?

    • P
      0.75 / 2

      127. Integrated Pest Management (IPM) approach?

      The company reports implementing an integrated pest control approach that incorporates various methods, such as manual techniques, utilising natural predators of oil palm pests, and using "environmentally benign" insecticides.

    • N
      0 / 1

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

  • Community, land and labour rights Community, land and labour rights
    15 / 27 55.6%
    • Organisation: 0 / 5 0%
    • Policy: 12 / 13 92.3%
    • Practice: 3 / 9 33.3%
    • Self-reported: 3 / 9 33.3%
    • External: 0 / 9 0%
    • Certified: 0 / 9 0%
    • Y
      1 / 1

      129. Commitment to human rights?

      The company commits to the Universal Declaration of Human Rights.

    • 130. Commitment to human rights applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • P
      0.5 / 1

      131. Progress on human rights commitment?

      The company in its sustainability action plan reports that it is reviewing the RSPO's Human Rights Defender Protection protocol and developing a policy on human rights. No detail is provided.

    • Y
      1 / 1

      132. Commitment to respect indigenous and local communities' rights?

      The company commits to the UN Declaration on the Rights of Indigenous Peoples.

    • 133. Commitment to respect indigenous and local communities' rights applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

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

      The company, through GAR's Social and Environmental Policy, commits to respect legal and customary land tenure rights.

    • 135. Commitment to respect legal and customary land rights applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

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

      The company commits under the RSPO New Planting Procedures (NPP) as an RSPO member reporting as a grower.

    • 137. Commitment to free, prior and informed consent (FPIC) applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • Y
      1 / 1

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

      The RSPO Principles and Criteria 2018 contain guidance and requirements on the process to conduct free, prior and informed consent (FPIC). Points have therefore been awarded on the basis of the company's commitments under the RSPO New Planting Procedures (NPP) as an RSPO member reporting as a grower.

    • P
      0.5 / 1

      139. Examples of local stakeholder engagement to prevent conflicts?

      The company reports that it has engaged in stakeholder mapping, categorisation, and conflict resolution, but the details of these activities are not available.

    • Y
      1 / 1

      140. Details of process for addressing land conflicts available?

      The company reports the details of the company's approach to handling land conflicts, outlining the specific steps and procedures involved in sustainability progress report.

    • N
      0 / 1

      141. Supports the inclusion of women across palm oil operations, including addressing barriers faced?

    • P
      0.5 / 1

      142. Commitment to mitigate impacts on food security?

      The company reports that before any new development, it will assess the food security of local communities and ensure that some land is used for food crops. However it does not specify culturally relevant and appropriate crop diversity and/or security of food prices.

    • P
      0.75 / 1

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

      The company launched a sustainable livelihoods programme in 2022 which aims to improve local agricultural practices for reasons of income generation and food security. The project focuses on providing technical and material support for existing farm crops including cassava, plantain, and vegetables.

    • Y
      1 / 1

      144. Commitment to provide essential community services and facilities?

      The company commits to build infrastructure that will benefit local communities.

    • P
      0.75 / 1

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

      The company provides various community services, including a community development fund, palm oil education, and transportation services for children and a livelihood support programme.

    • Y
      1 / 1

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

      The company commits to provide business and work opportunities for local communities through employment and purchasing good and services from local people.

    • Y
      1 / 1

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

      The company commits to all Fundamental ILO Conventions.

    • 148. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      149. Progress on commitment to respect all workers' rights?

    • Y
      1 / 1

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

      The company commits to eliminating gender-related discrimination with regard to employment.

    • 151. Commitment to eliminate gender related discrimination with regards to employment applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

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

    • N
      0 / 1

      153. Percentage or number of temporary employees?

    • N
      0 / 1

      154. Percentage or number of women employees?

    • P
      0.5 / 1

      155. Commitment to pay a Living Wage?

      The company has announced that it will conduct a living wage study, but there is no indication that it has been completed. The company commits to pay at least minimum wage only.

    • 156. Commitment to pay a Living Wage applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

      157. Progress on commitment to pay a Living Wage?

    • N
      0 / 1

      158. Reporting of salary by gender?

    • Y
      1 / 1

      159. Commitment to address occupational health and safety?

      The company commits to address health and safety at work for all workers.

    • 160. Commitment to address occupational health and safety applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • P
      0.5 / 1

      161. Provision of personal protective equipment and related training?

      The company reports that it provides PPE, but no information is provided on training.

    • N
      0 / 1

      162. Time lost due to work-based injuries?

    • N
      0 / 1

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

  • Smallholders and suppliers Smallholders and suppliers
    0 / 0 0%
    • Organisation: 0 / 0 0%
    • Policy: 0 / 0 0%
    • Practice: 0 / 0 0%
    • Self-reported: 0 / 0 0%
    • External: 0 / 0 0%
    • Certified: 0 / 0 0%
    • 164. Commitment to support smallholders?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 165. Programme to support scheme smallholders?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 166. Percentage of scheme smallholders involved in programme?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 167. Programme to support independent smallholders?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 168. Percentage of independent smallholders/outgrowers involved in programme?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

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

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 170. Number or percentage of suppliers assessed and/or engaged on compliance with company's policy and/or legal requirements?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 171. Suspension or exclusion criteria for suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 172. Time-bound action plans (including Key Performance Indicators) for suppliers to be in compliance with palm oil sourcing commitments?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • (NEW: not scored this year)

      173. Proportion of supply from suppliers that is verified as deforestation- and/or conversion-free (DCF)?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • 174. Time-bound plan to engage with all high risk mills within 3 years?

      This indicator is disabled as the company does not source from mills.

    • 175. Programme to support high risk mills to become compliant with sourcing policies?

      This indicator is disabled as the company does not source from mills.

    • 176. Regularly engages with a subset of high risk mills?

      This indicator is disabled as the company does not source from mills.

    • 177. Procedures in place to assess all own and third party supplying palm oil mills for risk level?

      This indicator is disabled as the company does not source from mills.

    • 178. Regularly assesses and categorises the risk level of all their own and third party supplying mills?

      This indicator is disabled as the company does not source from mills.

    • 179. Regularly reports the risk level of all own and third party supplying mills identified in its supply chain?

      This indicator is disabled as the company does not source from mills.

  • Governance and grievances Governance and grievances
    2.5 / 6 41.7%
    • Organisation: 0 / 0 0%
    • Policy: 2.5 / 4 62.5%
    • Practice: 0 / 2 0%
    • Self-reported: 0 / 2 0%
    • External: 0 / 2 0%
    • Certified: 0 / 2 0%
    • Y
      1 / 1

      180. Commitment to ethical conduct and prohibition of corruption?

      The company commits to ethical conduct and the prohibition of corruption.

    • 181. Commitment to ethical conduct and prohibition of corruption applies to all suppliers?

      This indicator is disabled as the company has no suppliers including scheme smallholders and independent suppliers.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • P
      0.5 / 1

      184. Whistleblowing procedure?

      The company reports allowing whistleblowing and protection of whistleblowers, but does not provide details of the procedure.

    • Y
      1 / 1

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

      The company published a Grievance, Dispute and Conflict Management SOP including a flow chart of the process and an example grievance request form.

    • N
      0 / 1

      186. Details of complaints and grievances disclosed?

Media monitor: Golden Veroleum (Liberia) Inc (GVL)

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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5

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39

3

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