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POSCO International

Palm oil assessment
  • Latest update: November 2022
  • Next scheduled: November 2023

Show media reports (36) Show ESG scores Show supply chain scores Modify score weighting
  • About this company:

    Established in 1967, South Korean producer POSCO is

  • Parent company:
    POSCO Holdings
  • Landbank (oil palm)
    34,194 hectares
  • Market cap:
    2,108,400,000 USD
  • Thomson Reuters ticker:
    047050.KS
  • Bloomberg ticker:
    047050 KS Equity
  • ISIN:
    KR7047050000
  • Sedol:
    B0DY2P7 
  • RSPO member?
    Yes - The company's subsidiary PT BIA is a member of the RSPO, which covers all of the company's palm oil operations.
  • Website:

Company assessment: POSCO International – November 2022

Assessment date:

Score by disclosure type:

Total: 60.8% 105.75 / 174
  • Organisation: 21 / 35 60%
  • Policy: 48.5 / 75 64.7%
  • Practice: 36.3 / 64 56.6%
  • Self-reported: 15.5 / 64 24.2%
  • External: 6.8 / 64 10.6%
  • Certified: 14 / 64 21.9%
  • Sustainability policy and leadership Sustainability policy and leadership
    8.5 / 11 77.3%
    • Organisation: 5.5 / 6 91.7%
    • Policy: 1.5 / 2 75%
    • Practice: 1.5 / 3 50%
    • Self-reported: 0.8 / 3 25%
    • 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 meets this indicator through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has its own sustainable palm oil policy.

    • 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 Citizenship Bureau 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 appointed an outside director with environmental expertise who is responsible for sustainability.

    • P
      0.5 / 1

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

      107 - The company reports that their are 107 women in managerial positions or above, however it is not clear if this represents senior management.

    • Y
      1 / 1

      6. Percentage or number of women board members?

      1 (14.28%) - The company reports that it has seven board members, out of which only 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 Sustainability Report for 2021 is published by the company.

    • Y
      1 / 1

      10. Reports through standardised reporting systems?

      The company states that it has prepared its Sustainability Report in accordance with GRI standards Core option.

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

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

    • P
      0.75 / 1

      12. Climate risks assessment available?

      The company reports a climate risks assessment in its 2020 sustainability report. The assessment is structured using TCFD recommendations. However, data is self-reported.

  • Landbank, maps and traceability Landbank, maps and traceability
    10.5 / 17 61.8%
    • Organisation: 10 / 14 71.4%
    • 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. Lists countries and operations?

      The company reports that it has palm oil plantations in Papua, Indonesia.

    • Y
      1 / 1

      14. Lists countries sourcing from?

      The company only sources from Indonesia.

    • Y
      1 / 1

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

      34194 - The company reports the total land area managed for oil palm in its RSPO ACOP 2021.

    • Y
      1 / 1

      16. Total oil palm planted area (ha)?

      21166 - The company reports the total oil palm planted area is 21,166 ha.

    • Y
      1 / 1

      17. Scheme smallholders planted area (ha)?

      6867 - The company reports the scheme smallholders planted area in its RSPO ACOP 2021.

    • Y
      1 / 1

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

      0 - The company reports the unplanted area in its RSPO ACOP 2021.

    • Y
      1 / 1

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

      6718 - The company reports the conservation set-aside area, including High Conservation Value (HCV) area in its RSPO ACOP 2021.

    • Y
      1 / 1

      20. Maps of estates/management units?

      The company's subsidiary has published its maps of estates on its website and 2021 RSPO ACOP.

    • N
      0 / 1

      21. Maps of scheme smallholders?

    • N
      0 / 1

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

    • Y
      1 / 1

      23. Number of company-owned mills?

      2 - The company reports the number of company-owned mills in its sustainable palm oil dashboard and in its RSPO ACOP 2021.

    • Y
      1 / 1

      24. Names and locations of company-owned mills?

      The company's subsidiary reports the name and location of its 2 mills.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • 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.

    • P
      0.5 / 1

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

      The company commits to establishing a transparent sourcing network with full traceability, but it has an unclear statement that does not specify plantation or farm level.

    • N
      0 / 2

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

    • 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
    9 / 13 69.2%
    • Organisation: 1 / 1 100%
    • Policy: 2 / 2 100%
    • Practice: 6 / 10 60%
    • Self-reported: 0 / 10 0%
    • External: 6 / 10 60%
    • Certified: 0 / 10 0%
    • Y
      1 / 1

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

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

    • Y
      1 / 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?

      [Externally verified] 2021 - The company's palm oil subsidiary was certified within 3 years of becoming an RSPO member.

    • Y
      1 / 1

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

      The company's subsidiary PT BIA has submitted its 2021 ACOP.

    • Y
      1 / 1

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

      [Externally verified] 100% - The company reports that 100% of its estates, excluding scheme smallholders, are RSPO certified in its RSPO ACOP 2021.

    • Y
      1 / 1

      43. Percentage of mills RSPO-certified?

      [Externally verified] 100% - The company reports that both mills are certified under RSPO.

    • Y
      1 / 1

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

      2026 - The company commits to achieve 100% RSPO certification of estates and mills by 2026. 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.

    • Y
      1 / 1

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

      [Externally verified] 100% - The company's subsidiary reports 100% of scheme/plasma smallholders RSPO-certified in its RSPO ACOP 2021.

    • Y
      1 / 1

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

      2021 - The company has already achieved 100% RSPO-certification of scheme/associated smallholders and outgrowers.

    • N
      0 / 1

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

      0% - The company's subsidiary reports a supply of 6210.47 tonnes of FFB from outgrowers in its RSPO ACOP 2020 and that none of this is RSPO certified. The company's subsidiary also reports that no sourcing from independent smallholders or third-party suppliers.

    • N
      0 / 1

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

    • N
      0 / 1

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

      The company's subsidiary reports 0% of SG and IP in its RSPO ACOP 2021.

    • 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.

    • Y
      1 / 1

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

      [Externally verified] The company's subsidiary is ISPO-certified.

    • 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
    9.5 / 19 50%
    • Organisation: 0 / 2 0%
    • Policy: 5.5 / 11 50%
    • Practice: 4 / 6 66.7%
    • Self-reported: 2 / 6 33.3%
    • External: 0 / 6 0%
    • Certified: 2 / 6 33.3%
    • N
      0 / 1

      55. Commitment to zero conversion of natural ecosystems?

    • Y
      1 / 1

      56. Commitment to zero deforestation?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to zero deforestation in its own reporting.

    • P
      0.5 / 1

      57. Commitment to zero deforestation applies to all suppliers?

      The company has an NDPE Policy applicable since March 2020, and it applies to all third-party suppliers at the group level but does not explicitly cover scheme smallholders and outgrowers.

    • Y
      1 / 1

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

      The company commits to no land clearing damaging primary forests or areas required to protect or enhance HCVs since November 2005, and no land clearing damaging HCVs or HCS forest since November 2018, through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has a criteria and cut-off date for defining deforestation in its own reporting.

    • Y
      1 / 1

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

      The company states criteria of deforestation for suppliers as removal of HCV and HCS areas and has specified the cut-off date as march 2020.

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • P
      0.5 / 1

      64. Commitment to restoration of deforestation/conversion?

      The company commits to applying the RSPO Remediation and Compensation Procedure where there has been land clearing without prior HCV assessment since November 2005, or without prior HCV-HCSA assessment since November 2018, through the RSPO Principles and Criteria 2018. However, a commitment covering restoration of all non-compliant deforestation/conversion was not found. Partial points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to restoring ecosystems and their values to their prior condition in case of non-compliant deforestation or conversion within the company's own operations. However, commitment does not cover all non-compliance.

    • P
      0.5 / 1

      65. Commitment to restoration of deforestation/conversion applies to all suppliers?

      The company has an unclear commitment to restoration of non-compliant deforestation that does not clearly apply to all suppliers.

    • N
      0 / 1

      66. Implementing a landscape or jurisdictional level approach?

    • N
      0 / 1

      67. Biodiversity policy?

    • N
      0 / 1

      68. Biodiversity policy applies to all suppliers?

    • Y
      +
      1 / 1
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank.

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company reports that in 2021, a mangrove forest of 2,272 acres was created. The company's subsidiary PT.BIA also started the mangrove forest creation project in 2019, and as of 2021, approximately 200 trees have been planted and staff volunteered to plant mangrove trees to help restore the mangrove swamp in Indonesia.

    • Y
      1 / 1

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

      The company commits to only allow sustainable hunting of species by local communities for subsistence purposes in its operations.

    • N
      0 / 1

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

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    5.75 / 15 38.3%
    • Organisation: 0 / 0 0%
    • Policy: 5 / 8 62.5%
    • Practice: 0.8 / 7 10.7%
    • Self-reported: 0.8 / 7 10.7%
    • External: 0 / 7 0%
    • Certified: 0 / 7 0%
    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to conducting High Conservation Value (HCV) assessments in its own reporting.

    • P
      0.5 / 1

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

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

    • N
      0 / 1

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

    • N
      0 / 1

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

      The company's subsidiary PT. BIA has submitted one HCV assessment on the HCV Resource Network but its report was not published as it was unsatisfactory. No NPPs could be found for the company.

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%).

    • N
      0 / 1

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

    • N
      0 / 1

      80. 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 one HCV assessment on the HCV Resource Network and its report was not published as it was unsatisfactory. No NPPs could be found for the company.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to apply the HCS Approach, as defined by the HCS Approach Toolkit in its own reporting.

    • P
      0.5 / 1

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

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

    • N
      0 / 1

      83. High Carbon Stock (HCS) assessments available?

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to conducting social and environmental impact assessments in its own reporting.

    • N
      0 / 1

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

    • P
      0.75 / 1

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

      The company has published ESIA Report of the proposed Shwe Project Phase 2 Development in Myanmar. However, data is not externally verified.

  • Peat, fire and GHG emissions Peat, fire and GHG emissions
    12.5 / 19 65.8%
    • Organisation: 1.5 / 5 30%
    • Policy: 6.5 / 8 81.3%
    • Practice: 4.5 / 6 75%
    • Self-reported: 0.5 / 6 8.3%
    • External: 0 / 6 0%
    • Certified: 4 / 6 66.7%
    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to no planting on peat of any depth in its own reporting.

    • P
      0.5 / 1

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

      The company has a commitment to no planting on peat of any depth which applies only to third-party suppliers at the group level but it is unclear if this includes smallholders and outgrowers.

    • Y
      1 / 1

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

      0 (0%) - The company reports that it has no landbank on peat.

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

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

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to best management practices for peat in its own reporting.

    • P
      0.5 / 1

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

      The company only has a commitment to best management practices for peat which applies to third-party suppliers at the group level. However, it is unclear if this includes smallholders and outgrowers.

    • Y
      +
      1 / 1
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank.

    • Y
      1 / 1

      95. Commitment to zero burning?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to zero burning in its own reporting.

    • P
      0.5 / 1

      96. Commitment to zero burning applies to all suppliers?

      The company has a commitment to prohibit all burning which applies only to third-party suppliers at the group level. However, it is unclear if this includes smallholders and outgrowers.

    • Y
      +
      1 / 1
      1 / 1

      97. Evidence of fire monitoring and management?

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company reports that it conducts evacuation drills for each process and regular firefighting education and training were conducted for all employees to enable immediate fire response and suppression in the event of a fire and has a program for implementation of integrated fire monitoring.

    • N
      0 / 1

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

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company commits to reduce GHG emissions intensity by 2.00 tCO2e/tCPO by the year 2030.

    • P
      0.5 / 1

      101. GHG emissions intensity?

      The company reports GHG emission intensity in tCO2e/KRW billion in 2021. However, it is not clear if figures relate to palm oil operations.

    • N
      0 / 1

      102. GHG emissions from land use change?

    • P
      0.5 / 1

      103. Progress towards commitment to reduce GHG emissions intensity?

      The company reports GHG emission intensity in tCO2e/KRW billion in 2019 (2.75), 2020 (2.82), and 2021 (1.84 ) but, the figures are not improving consistently.

    • Y
      1 / 1

      104. Methodology used to calculate GHG emissions?

      The RSPO requires companies to assess their GHG emissions through the Palm GHG calculator. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company uses RSPO Palm GHG calculator to calculate GHG emissions.

    • N
      0 / 1

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

  • Water, chemical and pest management Water, chemical and pest management
    14 / 24 58.3%
    • Organisation: 0 / 2 0%
    • Policy: 5 / 11 45.5%
    • Practice: 9 / 11 81.8%
    • Self-reported: 1 / 11 9.1%
    • External: 0 / 11 0%
    • Certified: 8 / 11 72.7%
    • N
      0 / 1

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

    • N
      0 / 1

      107. Water use intensity?

      546657 - The company reports water consumption figures. However, the figures are not reported as intensity and are also not specific to palm oil operations.

    • N
      0 / 1

      108. Progress towards commitment on water use intensity?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • Y
      +
      1 / 1
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company reports that it has established a wastewater disposal facility to treat POME in an eco-friendly manner.

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

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

    • Y
      1 / 1

      113. Commitment to protect natural waterways through buffer zones?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%).

    • Y
      +
      1 / 1
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company states that its subsidiary PT.BIA has a standard work order (SOP) and established buffer zones around rivers. The company's RaCP consists of the Remediation Plan for managing riparian buffers inside the PT.BIA estates that will follow the Best Management Practice Guidelines for the management of river buffers and other relevant SOPs as per the Remediation Plan endorsed by RSPO in July 2021.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to minimising the use of chemicals, including pesticides and chemical fertilisers in its own reporting.

    • N
      0 / 1

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

    • Y
      1 / 1

      117. Commitment to no use of paraquat?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%).

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%).

    • N
      0 / 1

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

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%).

    • N
      0 / 1

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

    • N
      0 / 1

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

    • Y
      +
      1 / 1
      1 / 1

      124. Implementation of commitment to minimise inorganic fertiliser use?

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank.

    • Y
      +
      1 / 1
      1 / 1

      125. Integrated Pest Management (IPM) approach?

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank.

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company states that wastes generated from business activities are disposed of in accordance with internal management standards.

  • Community, land and labour rights Community, land and labour rights
    28.5 / 35 81.4%
    • Organisation: 3 / 5 60%
    • Policy: 17 / 21 81%
    • Practice: 8.5 / 9 94.4%
    • Self-reported: 8.5 / 9 94.4%
    • External: 0 / 9 0%
    • Certified: 0 / 9 0%
    • Y
      1 / 1

      127. Commitment to human rights?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to Universal Declaration of Human Rights in its own reporting.

    • P
      0.5 / 1

      128. Commitment to human rights applies to all suppliers?

      The company has a commitment to Universal Declaration of Human Rights but it does not clearly cover all suppliers.

    • Y
      1 / 1

      129. Progress on human rights commitment?

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company states to protect the human rights of workers and local residents by conducting continuous employee training regarding FPIC and grievance handling system and holding regular meetings with the Plasma Operating Association.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to respect indigenous and local communities' rights in relation to land tenure or FPIC in its own reporting.

    • P
      0.5 / 1

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

      The company has a commitment to respect indigenous and local communities' rights in relation to land tenure or FPIC which does not apply to all suppliers.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to respect legal and customary rights in its own reporting.

    • P
      0.5 / 1

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

      The company has a commitment to respect legal, communal, and customary rights in relation to FPIC. However, it does not cover all suppliers.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has a commitment to free, prior, and informed consent (FPIC) in its own reporting.

    • P
      0.5 / 1

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

      The company has a commitment to free, prior, and informed consent (FPIC). However, it does not cover all suppliers.

    • Y
      1 / 1

      136. 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). Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has a details of free, prior and informed consent (FPIC) process available on its webpage.

    • P
      0.5 / 1

      137. 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. However, data is over two years.

    • Y
      1 / 1

      138. Details of process for addressing land conflicts available?

      The RSPO Principles and Criteria 2018 contain requirements for addressing land conflicts. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%).

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company also reports having a Women's Committee for PT BIA but this focuses on human rights issues, not barriers in general. However limited details are provided.

    • Y
      1 / 1

      140. Commitment to mitigate impacts on food security?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has a commitment to mitigate impacts on food security in its own reporting.

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company reports collaborating with the Korean government and private consumers to contribute to national food security.

    • Y
      1 / 1

      142. Commitment to provide essential community services and facilities?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also commits to providing essential community services and facilities in its own reporting.

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company reports providing mentoring support on topics such as job preparation for related companies, sales work, on-the-job voices, financial support such as living support, medical insurance, interview preparation, and also healthcare and educational support.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has a commitment to provide business/work opportunities for local communities in its own reporting.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also communicates this in its own reporting.

    • P
      0.5 / 1

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

      The company's commitment to Fundamental ILO Conventions or Free and Fair Labour Principles applies to suppliers only at the group level. However, it does not apply to outgrowers or smallholders.

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company reports conducting an online human rights respect survey for overseas expatriates and office workers every year.

    • Y
      1 / 1

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

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also communicates this in its own reporting.

    • P
      0.5 / 1

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

      The company's commitment to eliminate gender-related discrimination with regard to employment applies to suppliers only at the group level. However, it does not apply to outgrowers or smallholders.

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company reports that during the hiring and evaluation of employees' race, nationality, gender, religion, and disability are not considered, it hires professionals with professional experience and expands the internal talent recommendation system to recruit people whose suitability for the organization has been verified.

    • P
      0.5 / 1

      151. Percentage or number of temporary employees?

      36 (2.85%) - The company states in its Sustainability Report 2021 that the figures are reported for the company's headquaters only (in Korea): 2.85% (36 out of 1,264).

    • P
      0.5 / 1

      152. Percentage or number of women employees?

      362 (28.63%) - The company reports the figures at the company's headquarters level only (in Korea) as 362 out of 1,264 equals 28.63%.

    • Y
      1 / 1

      153. Commitment to pay a Decent Living wage?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company only commits to paying wages that meet or exceed legal requirements in its own reporting.

    • P
      0.5 / 1

      154. Commitment to pay a Decent Living wage applies to all suppliers?

      The company's commitment to pay wages that meet or exceed legal requirements applies to suppliers at the group level. However, it does not cover smallholders and outgrowers.

    • Y
      1 / 1

      155. Progress on commitment to pay a Decent Living wage?

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank.

    • N
      0 / 1

      156. Reporting of salary by gender?

    • Y
      1 / 1

      157. Commitment to address occupational health and safety?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also communicates this in its own reporting.

    • P
      0.5 / 1

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

      The company's commitment to address occupational health and safety applies to suppliers at the group level. However, it does not cover smallholders and outgrowers.

    • Y
      1 / 1

      159. Provision of personal protective equipment and related training?

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company states that it regularly provides personal protective equipment and also reports that safety technicians take responsibility for inventory management and procurement.

    • Y
      1 / 1

      160. Time lost due to work-based injuries?

      The company reports work lost accident rate figures for six major overseas business sites including palm oil operations. However, a consolidated figure was not provided.

    • Y
      1 / 1

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

      0 - The company reports number of fatalities was 0 in 2021 for six major overseas business sites including palm oil operations.

  • Smallholders and suppliers Smallholders and suppliers
    2.5 / 14 17.9%
    • Organisation: 0 / 0 0%
    • Policy: 1.5 / 6 25%
    • Practice: 1 / 8 12.5%
    • Self-reported: 1 / 8 12.5%
    • External: 0 / 8 0%
    • Certified: 0 / 8 0%
    • Y
      1 / 1

      162. Commitment to support smallholders?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%).

    • Y
      1 / 1

      163. Programme to support scheme smallholders?

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company has a plasma project which grants the right to operate the farm directly to the indigenous people, job creation and economic activity are guaranteed, so PT.BIA will manage the farm on behalf of the indigenous people and promote the ability of indigenous peoples to become more independent.

    • N
      0 / 1

      164. Percentage of scheme smallholders involved in programme?

    • 165. Programme to support independent smallholders?

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

    • 166. 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

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

      The company reports that it has an annual assessment process for partners on their compliance with environmental and safety rules however, further details were not provided. The company also reports that it has a supplier code of conduct but does not disclose how this is used used to prioritise, assess and engage suppliers on compliance.

    • N
      0 / 1

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

    • N
      0 / 1

      169. Suspension or exclusion criteria for suppliers?

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

    • N
      0 / 1

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

  • Governance and grievances Governance and grievances
    5 / 7 71.4%
    • Organisation: 0 / 0 0%
    • Policy: 4 / 5 80%
    • Practice: 1 / 2 50%
    • Self-reported: 1 / 2 50%
    • External: 0 / 2 0%
    • Certified: 0 / 2 0%
    • Y
      1 / 1

      178. Commitment to ethical conduct and prohibition of corruption?

      The company makes this commitment through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has a commitment to ethical conduct and prohibition of corruption.

    • Y
      1 / 1

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

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

    • Y
      1 / 1

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

      Points for external verification have been awarded on the basis of the company's RSPO-certified landbank. The company has conducted ethical management training to raise ethical awareness of all domestic and foreign employees and to prevent related issues in advance. The company also uses shinmungo report system to freely receive the opinions of internal and external stakeholders on unfair business practices.

    • N
      0 / 1

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

    • Y
      1 / 1

      182. Whistleblowing procedure?

      The RSPO Principles and Criteria 2018 contain guidance and requirements on whistleblowing procedures. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also has its own Whistleblowing procedure.

    • Y
      1 / 1

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

      The company adheres to this criteria through the RSPO Principles and Criteria 2018. Full points have therefore been awarded on the basis of the company's RSPO-certified landbank (100%). The company also communicates this in its own reporting.

    • N
      0 / 1

      184. Details of complaints and grievances disclosed?

      The company only provides a summary table of grievances received with limited details.

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.

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