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Palm oil assessments
  • Parent company:
    Keck Seng Group
  • Landbank (oil palm):
    4,230 hectares
  • Palm cultivation revenue:
    63.64%
  • Market cap:
    356,839,000 USD
  • Thomson Reuters ticker:
    KSMS.KL
  • Bloomberg ticker:
    KS MK
  • ISIN:
    MYL3476OO008
  • RSPO member?
    Yes
  • Website:

Company assessment: Keck Seng (Malaysia) Bhd – October 2016

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

Assessment date:

Total: 25.4% 15 / 59
  • RSPO reporting requirements RSPO reporting requirements 7 / 15 46.7%
    • The Roundtable on Sustainable Palm Oil (RSPO) is an international association and certification scheme to promote the development of sustainable palm oil, whose Annual Communications of Progress (ACOP) reports require members to submit information relating to certification targets for their estates, scheme smallholders and independent FFB suppliers.

    • 1 / 1
      Source

      1.1. Is the company an RSPO member?

      Yes, Keck Seng (Malaysia) Berhad has been an RSPO member since 2008

    • 1 / 1
      Source

      1.2. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?

      Yes

    • 0 / 1
      Source

      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?

      No, Keck Seng does not refer to itself as an oil palm grower and only reported as a refiner

    • 1 / 1
      Source

      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. Keck Seng states that it operates in Malaysia

    • 0 / 1
      Source

      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. Keck Seng joined the RSPO in 2008 and certified their first plantation estate in 2012. Keck Seng plans to certify all supply chains by 2017

    • -
      Source

      1.4.2. Has the company missed any of its public targets to be 100% RSPO-certified?

      No. Achieved certification of own estate and mill in 2013

    • 4 / 4
      Source

      1.5. What percentage of the company's total plantation estates is RSPO-certified?

      97.5% of Keck Seng's plantation estates are RSPO-certified.

      Calculation: 3,523.26 ha (total area RSPO certified) divided by 3,613 ha (stated planted area) x 100

    • -
      Source

      1.6. Are the company's RSPO Principles and Criteria certification assessments publicly available?

      Yes

    • 0 / 1
      Source

      1.7.1. Have the first of the company's independent FFB suppliers achieved RSPO certification?

      No information could be found using the research protocols. Keck Seng has a time-bound plan to complete certification of their supply chain by 2017, and is making 'small progress' in encouraging them to apply for RSPO certification

    • -
      No source

      1.7.2. Has the company missed any public targets for 100% of its independent FFB suppliers to be RSPO-certified?

      No information could be found using the research protocols

    • 0 / 1
      Source

      1.8.1. Has the company RSPO-certified its first scheme smallholders?

      No information could be found using the research protocols. Keck Seng has a time-bound plan to complete certification of their supply chain by 2017, and is making 'small progress' in encouraging them to apply for RSPO certification

    • -
      No source

      1.8.2. Has the company missed any public targets for 100% of its scheme smallholders to be RSPO-certified?

      No information could be found using the research protocols

    • 0 / 4
      No source

      1.9. What percentage of the company's scheme smallholder plantations is RSPO-certified?

      No information could be found using the research protocols

    • -
      No source

      1.10. Does the company have any open complaints filed through the RSPO complaints system?

      No

  • Landbank and maps Landbank and maps 2 / 8 25%
    • A company's landbank refers to the total area of land for oil palm cultivation, planted areas, and areas set aside for conservation, within its concessions. Companies should detail their criteria for acquiring land in the form of a statement that also applies to their smallholders and independent FFB suppliers, and disclose concession maps where compliant with local and national laws.

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      Source

      2.2.1. Has the company publicly disclosed its total landbank area for oil palm cultivation?

      No. However, a total landbank of 4,229.9 ha is quoted elsewhere

    • 1 / 1
      Source

      2.2.2. Has the company publicly disclosed its total planted area?

      Yes, planted area is 3,613 ha

    • 0 / 1
      No source

      2.2.3. Has the company publicly disclosed its total scheme smallholder area?

      No information could be found using the research protocols

    • 1 / 1
      Source

      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)?

      Yes, landbank for conservation is 54.44 ha

    • 0 / 1
      No source

      2.3.1. Are all of the company's concession maps publicly available for all countries in which it operates?

      No information could be found using the research protocols

    • 0 / 1
      No source

      2.3.2. Are all of the company's scheme smallholders' concession maps publicly available for all countries in which it operates?

      No information could be found using the research protocols

  • Environmental management Environmental management 1 / 14 7.1%
    • Managing the environment within a concession is a complicated process, but companies should attempt to address deforestation using a High Carbon Stock (HCS) approach, protect High Conservation Value (HCV) areas, obtain Free, Prior and Informed Consent (FPIC) from communities prior to new planting; reduce pesticide use and manage water effectively.

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      3.3.2. Are all SEIA assessments conducted after November 2005 publicly available?

      No SEIA assessments could be found using the research protocols

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      3.4.3. Are all of the company's High Conservation Value (HCV) assessments conducted after November 2005 publicly available?

      No HCV assessments could be found using the research protocols

    • 0 / 1
      No source

      3.4.4. Does the company make its High Conservation Value (HCV) management and monitoring plans for all of its estates publicly available?

      No HCV monitoring or management plans could be found using the research protocols

    • 0 / 1
      No source

      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

    • 1 / 1
      Source

      3.6. Does the company have a publicly available Water Management Plan or equivalent for its operations?

      Yes

    • 0 / 1
      Source

      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. Keck Seng refers to Integrated Pest Management, but does not give details

    • 0 / 1
      No source

      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

    • -
      No source

      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?

      No relevant media stories could be found using the research protocols

  • Fragile, marginal and peat soils Fragile, marginal and peat soils 0 / 2 0%
    • Peatlands are wetlands with a thick water-logged organic soil layer made up of dead and decaying plant material. Drainage, conversion to farmland and fertilisation turns peatlands into wastelands due to soil subsidence and fires. Companies, their smallholders and independent FFB suppliers should therefore commit to no new development on peat.

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • -
      Source

      4.2. What percentage of the company's landbank for oil palm cultivation is located on peat?

      There are no peat soils recorded and identified in Keck Seng's estates

  • Zero burning Zero burning 1 / 2 50%
    • A "zero burning" policy commits the company, smallholders and independents, to follow the zero burning technique, in which logged over secondary forest or old plantation land is not burned, but instead felled, shredded, stacked and left in situ to decompose naturally, thereby reducing emissions and improving soil fertility.

    • 1 / 1
      Source

      5.1.1. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?

      Yes. Keng Seng has a zero burning replanting technique that applies to all estates now and in the future

    • 0 / 1
      No source

      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

    • -
      No source

      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?

      No relevant media stories could be found using the research protocols

  • Greenhouse gas emissions Greenhouse gas emissions 0 / 6 0%
    • Companies should have a publicly available time-bound plan to reduce their emissions of greenhouse gases such as carbon dioxide and methane, which contribute to global warming by trapping heat in the Earth's atmosphere. Companies should report on their progress and ensure the plan applies to smallholders and independents.

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 1
      Source

      6.4. Has the company made a public commitment to report and to reduce effects from Palm Oil Mill Effluent (POME)?

      No commitment could be found using the research protocols. However, Keck Seng is using an anaerobic digester system to treat POME and capture methane which is then used in steam boilers

    • 0 / 1
      Source

      6.5. Has the company made a public commitment to eliminate methane emissions from all of its palm oil mills?

      No commitment could be found using the research protocols to eliminate methane emissions from all palm oil mills. However, Keck Seng is using an anaerobic digester system to treat POME and capture methane

  • Traceability Traceability 4 / 12 33.3%
    • Traceability refers to the company's potential for tracing goods along the distribution chain. We assessed this indicator in terms of the public availability of mill location and mill certification data, independent FFB supplier fresh fruit bunch certification data, and commitments to adopting more traceable physical supply chain models.

    • 0 / 1
      No source

      7.1. Are all of the company's mill locations publicly available for all countries in which it operates?

      No information could be found using the research protocols

    • 4 / 4
      Source

      7.2. What percentage of the company's total palm oil mills is RSPO-certified?

      100% of Keck Seng's palm oil mills are RSPO certified

      Calculation: 1 (stated number of palm oil mills RSPO-certified) divided by 1 palm oil mill (stated number of palm oil mills operated) x 100

    • 0 / 4
      No source

      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

    • 0 / 1
      No source

      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

    • 0 / 2
      Source

      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

Media monitor: Keck Seng (Malaysia) Bhd

SPOTT monitors global media sources for coverage of assessed companies. The media monitor gathers reports about specific activities related to the assessment indicator categories. ZSL does not assess the validity of media coverage, but users can explore the media monitor to provide context on implementation, and infer risks associated with reported operations on the ground.

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Research protocols: Keck Seng (Malaysia) Bhd

Research protocols guide how ZSL conducts SPOTT assessments and allocates scores to ensure a fair and consistent approach, setting the expectations for companies on how they should publish ESG data. The full palm oil indicator framework contains 119 indicators across 10 categories, aligned with corporate reporting initiatives.

SPOTT is a ZSL initiative.
Zoological Society of London (ZSL)