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POSCO International

Palm oil assessment
  • Latest update: November 2020
  • Next scheduled: November 2021

Show media reports (33) Show ESG scores Show supply chain scores Modify score weighting
  • About this company:

    Established in 1967, South Korean producer POSCO is

  • Parent company:
    POSCO Group
  • Landbank (oil palm)
    34,195 hectares
  • Market cap:
    1,438,717,268 USD
  • Thomson Reuters ticker:
    047050.KS
  • Bloomberg ticker:
    047050 KS
  • ISIN:
    KR7047050000
  • Sedol:
    B0DY2P7 
  • RSPO member?
    Yes, the company's subsidiary PT. BIA became a member of the RSPO in July 2018.
  • Website:

Company assessment: POSCO International – November 2020

Assessment date:

Score by disclosure type:

Total: 34.7% 59.25 / 171
  • Organisation: 14 / 34 41.2%
  • Policy: 33 / 74 44.6%
  • Practice: 12.3 / 63 19.4%
  • Self-reported: 6.8 / 63 10.7%
  • External: 1.8 / 63 2.8%
  • Certified: 3.8 / 63 6%
  • Sustainability policy and leadership Sustainability policy and leadership
    6.75 / 11 61.4%
    • Organisation: 4.5 / 6 75%
    • Policy: 1.5 / 2 75%
    • Practice: 0.8 / 3 25%
    • Self-reported: 0 / 3 0%
    • 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 sustainable palm oil policy for all its operations.

    • P
      0.5 / 1

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

      The company's policy applies to all third-party suppliers at group level, but does not explicitly cover scheme smallholders and outgrowers.

    • Y
      1 / 1

      3. High-level position of responsibility for sustainability?

      The company's Head of Corporate management is responsible for sustainability.

    • Y
      1 / 1

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

      The company has an outside director with environmental expertise who is responsible for sustainability.

    • N
      0 / 1

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

    • Y
      1 / 1

      6. Percentage or number of women board members?

      1 (14%) - Of the company's seven board members, one is female.

    • 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 UNGC participant.

    • N
      0 / 1

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

    • Y
      1 / 1

      9. Sustainability report published within last two years?

      The company has published its 2019 Sustainability Report.

    • P
      0.5 / 1

      10. Reports through standardised reporting systems?

      The company states it has prepared its Sustainability Report in accordance with GRI standards but this has not been published on the GRI database.

    • 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
    7.5 / 15 50%
    • Organisation: 7 / 12 58.3%
    • Policy: 0.5 / 1 50%
    • Practice: 0 / 2 0%
    • Self-reported: 0 / 2 0%
    • External: 0 / 2 0%
    • Certified: 0 / 2 0%
    • Y
      1 / 1

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

      34,195 - The company reports an area of 34,195 ha in its 2019 ACOP.

    • P
      0.5 / 1

      14. Total oil palm planted area (ha)?

      26,229.5 - The company reports this figure it is 2019 ACOP but this includes area for infrastructure so only partial points have been awarded.

    • Y
      1 / 1

      15. Plasma/scheme smallholders planted area (ha)?

      5,440 - The company reports this figure in its 2019 ACOP.

    • Y
      1 / 1

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

      0 - The company reports this figure in its 2019 ACOP.

    • Y
      1 / 1

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

      2,505.02 - The company reports this figure in its 2019 ACOP for HCV areas, and reports 0 ha for additional conservation areas.

    • P
      0.5 / 1

      18. Maps of estates/management units?

      The company's operating subsidiary has published its locations, but not maps with coordinates clearly showing estate boundaries.

    • N
      0 / 1

      19. Maps of scheme/plasma smallholders?

    • N
      0 / 1

      20. Names and locations of all third-party supplying plantations?

    • Y
      1 / 1

      21. Number of company-owned mills?

      2 - The company reports that its second mill was completed in November 2019, but only reports one mill in operation in its 2019 ACOP.

    • Y
      1 / 1

      22. Names and locations of company-owned mills?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • 25. Number of third party supplying mills?

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

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

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

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

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

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

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

    • 29. 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.

    • 30. 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.

    • 31. Percentage of supply traceable to mill level?

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

    • P
      0.5 / 1

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

      The company commits to establish a transparent sourcing network with traceability but does not provide more details.

    • N
      0 / 2

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

    • 34. 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.

    • 35. Publishes traceability data at refinery level?

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

    • 36. Publishes traceability data at crusher level?

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

  • Certification standards Certification standards
    3.75 / 13 28.9%
    • Organisation: 2 / 2 100%
    • Policy: 0 / 2 0%
    • Practice: 1.8 / 9 19.4%
    • Self-reported: 0.8 / 9 8.3%
    • External: 1 / 9 11.1%
    • Certified: 0 / 9 0%
    • Y
      1 / 1

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

      2018 - The company's subsidiary PT BIA is a member of the RSPO, which covers all of the company's palm oil operations.

    • 38. 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?

      This indicator is disabled as the company only became an RSPO member within last three years.

    • Y
      1 / 1

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

      The company's subsidiary submitted its most recent ACOP.

    • Y
      1 / 1

      40. Listed all countries and regions in which operates in most recent RSPO Annual Communication of Progress (ACOP)?

      The company's subsidiary has reported all locations in its 2019 ACOP.

    • N
      0 / 1

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

    • N
      0 / 1

      42. Percentage of mills RSPO-certified?

    • N
      0 / 1

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

      2026 - The company's subsidiary has a target of 2026.

    • 44. Year expected to achieve 100% RSPO certification of all palm product processing facilities?

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

    • N
      0 / 1

      45. Percentage of scheme/plasma smallholders (ha) RSPO-certified?

    • N
      0 / 1

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

      2026 - The company's subsidiary has a target of 2026.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

      49. Sells or processes/trades RSPO-certified palm oil through Segregated or Identity Preserved supply chains?

    • P
      0.75 / 1

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

      The company's subsidiary is ISPO-certified.

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

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

    • N
      0 / 1

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

  • Deforestation and biodiversity Deforestation and biodiversity
    4.25 / 17 25%
    • Organisation: 0 / 2 0%
    • Policy: 3.5 / 9 38.9%
    • Practice: 0.8 / 6 12.5%
    • Self-reported: 0 / 6 0%
    • External: 0 / 6 0%
    • Certified: 0.8 / 6 12.5%
    • P
      0.5 / 1

      53. Commitment to zero deforestation or zero conversion of natural ecosystems?

      The company has a commitment to no deforestation, no peat, no exploitation, but this was made in March 2020.

    • P
      0.5 / 1

      54. Commitment to zero deforestation or zero conversion of natural ecosystems applies to all suppliers?

      The company declared its no deforestation policy in March 2020, and it applies to all third-party suppliers at group level, but does not explicitly cover scheme smallholders and outgrowers.

    • Y
      1 / 1

      55. Criteria for defining deforestation?

      The company committed to no deforestation of peatland, HCV and HCS in March 2020. The company states it "will develop and implement forest restoration and/or conservation plans for areas outside the current concession area to compensate for deforestation that the group conducted prior to October 2017" when forest clearance was suspended by the group.

    • N
      0 / 1

      56. Evidence of monitoring deforestation?

    • N
      0 / 1

      57. Evidence of monitoring deforestation in supplier operations?

    • N
      0 / 1

      58. Amount of illegal/non-compliant deforestation recorded in own operations?

    • N
      0 / 1

      59. Amount of illegal/non-compliant deforestation recorded in supplier operations?

    • P
      0.5 / 1

      60. Commitment to restoration of non-compliant deforestation/conversion?

      The company commits to "develop and implement restoration and/or conservation plans for deforestation or peatland development which is non-compliant" with its NDPE policy, but also states it "will develop and implement forest restoration and/or conservation plans for areas outside the current concession area to compensate for deforestation that the group conducted prior to October 2017, the date when all forest clearance was suspended in the group's palm oil operations in Papua, Indonesia." It is therefore unclear whether the commitment only applies to previous non-compliance, or any non-compliance in the future as well.

    • P
      0.5 / 1

      61. Commitment to restoration of non-compliant deforestation/conversion applies to all suppliers?

      The company has an unclear commitment that does not clearly apply to all suppliers.

    • N
      0 / 1

      62. Implementing a landscape or jurisdictional level approach?

    • N
      0 / 1

      63. Commitment to biodiversity conservation?

    • N
      0 / 1

      64. Commitment to biodiversity conservation applies to all suppliers?

    • P
      0.75 / 2

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

      The company's subsidiary PT. BIA has made an inventory of rare and endangered species listed under IUCN/CITES found on its concessions.

    • N
      0 / 1

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

    • P
      0.5 / 1

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

      The company's subsidiary prohibits the capturing of rare and endangered species during farm work.

    • N
      0 / 1

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

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    5 / 14 35.7%
    • Organisation: 0 / 0 0%
    • Policy: 5 / 8 62.5%
    • Practice: 0 / 6 0%
    • Self-reported: 0 / 6 0%
    • External: 0 / 6 0%
    • Certified: 0 / 6 0%
    • Y
      1 / 1

      69. 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 specifies a commitment to HCV assessments before all new development.

    • P
      0.5 / 1

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

      The company's commitment applies to all third-party suppliers at group level, but does not clearly apply to smallholders and outgrowers.

    • N
      0 / 1

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

    • N
      0 / 1

      72. High Conservation Value (HCV) assessments for all estates planted since January 2015?

      The company's subsidiary PT. BIA has submitted two HCV assessments on the HCV Resource Network. However, neither are publicly available as one report was not published as it was unsatisfactory and the second was still with assessor at time of assessment. No NPPs could be found for the company.

    • N
      0 / 1

      73. High Conservation Value (HCV) management and monitoring plans for all estates planted since January 2015?

    • Y
      1 / 1

      74. 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.

    • N
      0 / 1

      75. 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?

    • N
      0 / 1

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

      The company's subsidiary PT. BIA has submitted two HCV assessments on the HCV Resource Network. However, neither are publicly available as one report was not published as it was unsatisfactory and the second was still with assessor at time of assessment.

    • Y
      1 / 1

      77. 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.

    • P
      0.5 / 1

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

      The company's commitment does not apply to all suppliers.

    • N
      0 / 1

      79. High Carbon Stock (HCS) assessments available?

    • Y
      1 / 1

      80. 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.

    • N
      0 / 1

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

    • N
      0 / 1

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

      The company's subsidiary states it has undertaken EIAs including AMDAL and has submitted management and monitoring plans, but these are not publicly available.

  • Peat, fire and GHG emissions Peat, fire and GHG emissions
    5.25 / 20 26.3%
    • Organisation: 0 / 5 0%
    • Policy: 4 / 8 50%
    • Practice: 1.3 / 7 17.9%
    • Self-reported: 0 / 7 0%
    • External: 0 / 7 0%
    • Certified: 1.3 / 7 17.9%
    • Y
      1 / 1

      83. 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 NDPE Policy.

    • P
      0.5 / 1

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

      The company's commitment applies to third-party suppliers at group level, but it is not clear if this includes smallholders and outgrowers.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • P
      0.5 / 1

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

      The company only commits to best management practices for peat.

    • P
      0.5 / 1

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

      The company only commits to best management practices for peat, and it is not clear if this applies to all suppliers.

    • P
      0.5 / 2

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

      The company's subsidiary only reports best management practices for soils in 2016.

    • Y
      1 / 1

      90. Commitment to zero burning?

      The company commits to zero burning.

    • P
      0.5 / 1

      91. Commitment to zero burning applies to all suppliers?

      The company's commitment applies to third-party suppliers at the group level, but does not clearly apply to smallholders and outgrowers.

    • P
      0.75 / 2

      92. Evidence of fire monitoring and management?

      The company reports several monitoring and management activities in its palm oil operations.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

      96. GHG emissions intensity?

      The company has not reported GHG emission figures for its palm oil operations since 2016, and these did not specify intensity and only related to transport.

    • N
      0 / 1

      97. GHG emissions from land use change?

    • N
      0 / 1

      98. Progress towards commitment to reduce GHG emissions intensity?

      The company has not reported GHG emission figures for its palm oil operations since 2016, and these did not specify intensity and only related to transport.

    • N
      0 / 1

      99. Methodology used to calculate GHG emissions?

    • N
      0 / 1

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

  • Water, chemical and pest management Water, chemical and pest management
    3 / 24 12.5%
    • Organisation: 0 / 2 0%
    • Policy: 0 / 11 0%
    • Practice: 3 / 11 27.3%
    • Self-reported: 1.3 / 11 11.4%
    • External: 0 / 11 0%
    • Certified: 1.8 / 11 15.9%
    • N
      0 / 1

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

    • N
      0 / 1

      102. Water use intensity?

    • N
      0 / 1

      103. Progress towards commitment on water use intensity?

    • N
      0 / 1

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

    • P
      0.5 / 1

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

      The company's subsidiary PT. BIA reports BOD and COD figures on water quality are within specified legal limits, however the data is from 2016.

    • P
      0.75 / 2

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

      The company reports treating effluent from CPO mills in artificial ponds.

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

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

    • N
      0 / 1

      108. Commitment to protect natural waterways through buffer zones?

    • P
      0.5 / 2

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

      The company reports protecting HCV areas with buffer zones.

    • N
      0 / 1

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

      The company's subsidiary PT. BIA only states that it minimises pollutants, uses and plans to increase use of organic fertiliser, but does not have a clear commitment to minimise the use of chemicals.

    • N
      0 / 1

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

    • N
      0 / 1

      112. Commitment to no use of paraquat?

    • N
      0 / 1

      113. Commitment to no use of paraquat applies to all suppliers?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • P
      0.5 / 2

      119. Implementation of commitment to minimise inorganic fertiliser use?

      The company's subsidiary reports using organic fertiliser to replace inorganic, and plans to increase their use in 2016.

    • N
      0 / 2

      120. Integrated Pest Management (IPM) approach?

    • P
      0.75 / 1

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

      The company has a hazardous waste management system.

  • Community, land and labour rights Community, land and labour rights
    18 / 36 50%
    • Organisation: 0.5 / 5 10%
    • Policy: 14 / 22 63.6%
    • Practice: 3.5 / 9 38.9%
    • Self-reported: 3.5 / 9 38.9%
    • External: 0 / 9 0%
    • Certified: 0 / 9 0%
    • Y
      1 / 1

      122. Commitment to human rights?

      The company commits to human rights principles as a member of the UN Global Compact, and commits to "respect the rights of workers and communities associated with palm oil operations in accordance with international standards" including the Universal Declaration of Human Rights.

    • P
      0.5 / 1

      123. Commitment to human rights applies to all suppliers?

      The company's commitment to the Universal Declaration of Human Rights does not clearly apply to all suppliers.

    • P
      0.75 / 1

      124. Progress on human rights commitment?

      The company reports conducting human rights due diligence at overseas worksites including palm oil operations in Indonesia, and providing training to employees on several issues.

    • Y
      1 / 1

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

      The company commits to "respect the rights of workers and communities associated with palm oil operations in accordance with international standards" including the UN Declaration on the Rights of Indigenous People.

    • P
      0.5 / 1

      126. Commitment to indigenous and local communities' rights applies to all suppliers?

      The company's commitment does not clearly apply to all suppliers.

    • P
      0.5 / 1

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

      The company's states it respects and protects the rights of indigenous groups and local communities to give or withhold their Free, Prior and Informed Consent (FPIC) to operations on lands to which they hold proven legal, communal and customary rights.

    • P
      0.5 / 1

      128. Commitment to legal and customary land rights applies to all suppliers?

      The company's commitment only applies in the context of FPIC, and does not clearly apply to all suppliers.

    • Y
      1 / 1

      129. 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. The company also makes this commitment in its NDPE policy.

    • P
      0.5 / 1

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

      The company's commitment does not clearly apply to all suppliers.

    • Y
      1 / 1

      131. 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. The company's subsidiary also provides a case study with a timeline of the process in a 2016 report.

    • P
      0.5 / 1

      132. Examples of local stakeholder engagement to prevent conflicts?

      The company reports holding public hearings to discuss major local issues such as plasma activity, land compensation, and road construction, and held eight such hearings in 2019.

    • Y
      1 / 1

      133. Details of process for addressing land conflicts available?

      The company's subsidiary PT. BIA provides a flowchart of its Resolution Mechanism process.

    • P
      0.5 / 1

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

      The company's operating subsidiary has a Women's Committee which protects the rights of women, but there are no specific examples of how women are included across palm oil operations. This information is not externally verified.

    • N
      0 / 1

      135. Commitment to mitigate impacts on food security?

    • N
      0 / 1

      136. Commitment to mitigate impacts on food security applies to all suppliers?

    • N
      0 / 1

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

    • P
      0.5 / 1

      138. Commitment to provide essential community services and facilities?

      The company's palm oil subsidiary states it has a principle of social contribution through providing educational and medical support to local residents.

    • P
      0.75 / 1

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

      The company reports operating two hospitals and one clinic, which served almost 26,000 people in 2019, as well as providing medical expense support to Indigenous people living within the palm oil worksite. It also reports opening two schools in its estates for employees and Indigenous people living near its plantations, which 97 benefited from in 2019.

    • P
      0.5 / 1

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

      The company reports that it provides opportunities for vocational training for local communities, with a job placement program for those who have completed the training to secure employment in plantations.

    • Y
      1 / 1

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

      The company commits to "respect the rights of workers and communities associated with palm oil operations in accordance with international standards" including the International Labour Organization's core conventions, as well as referring to the same language of several specific Core Conventions.

    • P
      0.5 / 1

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

      The company's commitment applies to third-party suppliers at the group level but does not appear to apply to outgrowers or smallholders.

    • P
      0.5 / 1

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

      The company reports that its palm oil subsidiary provides human rights training to employees of business partners and its own staff, but further details are not given.

    • Y
      1 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

      147. Percentage or number of temporary employees?

    • P
      0.5 / 1

      148. Percentage or number of women employees?

      99 (12%) - The company's palm oil subsidiary reports figures from 2016. 2019 figures at the company-level are reported for domestic operations only (in Korea): 18% (354 out of 1973).

    • Y
      1 / 1

      149. Commitment to pay at least minimum wage?

      The company commits to paying wages that meet or exceed minimum legal requirements.

    • P
      0.5 / 1

      150. Commitment to pay at least minimum wage applies to all suppliers?

      The company's commitment applies to third-party suppliers at the group level, but this does not include outgrowers and smallholders.

    • N
      0 / 1

      151. Progress on commitment to pay at least minimum wage?

    • N
      0 / 1

      152. Reporting of salary by gender?

    • Y
      1 / 1

      153. Commitment to address occupational health and safety?

      The company commits to provide a safe working environment.

    • P
      0.5 / 1

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

      The company's commitment applies to third-party suppliers at the group level, but does not cover smallholders and outgrowers.

    • P
      0.5 / 1

      155. Provision of personal protective equipment and related training?

      The company reports providing training in its palm oil operations in 2019, and the company's palm oil subsidiary reports providing training and protective equipment, but this is dated 2016.

    • N
      0 / 1

      156. Time lost due to work-based injuries?

      The company only reports overall emission figures for HQs and specific divisions not including palm oil operations.

    • N
      0 / 1

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

  • Smallholders and suppliers Smallholders and suppliers
    1.25 / 14 8.9%
    • Organisation: 0 / 0 0%
    • Policy: 0.5 / 6 8.3%
    • Practice: 0.8 / 8 9.4%
    • Self-reported: 0.8 / 8 9.4%
    • External: 0 / 8 0%
    • Certified: 0 / 8 0%
    • N
      0 / 1

      158. Commitment to support smallholders?

    • P
      0.75 / 1

      159. Programme to support scheme/plasma smallholders?

      The company reports it has a Plasma programme which includes training, funds and technical support.

    • N
      0 / 1

      160. Percentage of scheme/plasma smallholders involved in programme?

    • 161. Programme to support independent smallholders/outgrowers?

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

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

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

    • P
      0.5 / 1

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

      The company reports it has an annual assessment process for partners on their compliance with environmental and safety rules among other factors, with those failing to meet set criteria potentially facing contract restrictions, however further details are not provided.

    • N
      0 / 1

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

    • N
      0 / 1

      165. Suspension or exclusion criteria for suppliers?

    • N
      0 / 1

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

    • N
      0 / 1

      167. Proportion of direct and indirect supply that comes from palm oil plantations which are compliant with palm oil sourcing policies?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

      170. Regularly engages with a subset of high risk mills?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

  • Governance and grievances Governance and grievances
    4.5 / 7 64.3%
    • Organisation: 0 / 0 0%
    • Policy: 4 / 5 80%
    • Practice: 0.5 / 2 25%
    • Self-reported: 0.5 / 2 25%
    • External: 0 / 2 0%
    • Certified: 0 / 2 0%
    • Y
      1 / 1

      174. Commitment to ethical conduct and prohibition of corruption?

      The company has a code of ethics which includes the prohibition of bribery.

    • Y
      1 / 1

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

    • P
      0.5 / 1

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

      The company reports providing ethics training to employees in 2019 at the company level, and the company's palm oil subsidiary reported provided training in 2016.

    • N
      0 / 1

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

    • Y
      1 / 1

      178. Whistleblowing procedure?

      The company has a whistleblowing procedure, and it states whistleblowers are protected. There is an online reporting system for internal and external stakeholders.

    • Y
      1 / 1

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

      The company has a grievance system open to all stakeholders via its website, and provides a basic outline of steps taken in the grievance handling procedure.

    • N
      0 / 1

      180. Details of complaints and grievances disclosed?

      The company only provides a summary table of grievance received.

Media monitor: POSCO International

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.

Palm oil media reports (33) Last media reports:
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5

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29

5

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7

9

2

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