QL Resources Bhd
Palm oil assessment- Latest update: November 2024
- Next scheduled: November 2025
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Landbank (oil palm)16,000 hectares
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Market cap:4,003,100,000 USD
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Thomson Reuters ticker:QRES.KL
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Bloomberg ticker:QLG MK Equity
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Sedol:B00G234
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LEI:No LEI
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RSPO member?No - The company resigned from the RSPO in 2018.
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Website:
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Media Monitor
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Company assessment: QL Resources Bhd – October 2016
Assessment date:
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RSPO reporting requirements
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1 / 11.1.. Is the company an RSPO member?
Yes, QL Resources Berhad has been an RSPO member since 2007.
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1.2.. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?
Yes.
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1.3.1.. In the company's most recent and up-to-date RSPO ACOP report, does the company refer to itself as an oil palm grower?
Yes, QL Resources refers to itself as an oil palm grower.
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1.3.2.. In the company's most recent and up-to-date RSPO ACOP report, does the company state all the countries and regions in which it operates?
Yes. QL Resources states all countries and regions in which the company operates: Indonesia (East Kalimantan) & Malaysia (Sabah).
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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. QL Resources joined the RSPO in 2007 and plans to certify its first plantation estate in 2016. QL Resources has a time-bound plan to complete certification of groups by 2019.
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1.4.2.. Has the company missed any of its public targets to be 100% RSPO-certified?
No. However, the target was extended from 2015 to 2022 to 2023, and then back to 2019.
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1.5.. What percentage of the company's total plantation estates is RSPO-certified?
0 - 0% of QL Resources's plantation estates are RSPO-certified.
Calculation: 0 ha (total area RSPO-certified) divided by 10,494 ha (stated planted area) x 100. -
-1.6.. Are the company's RSPO Principles and Criteria certification assessments publicly available?
None of QL Resources's plantation estates are currently RSPO-certified.
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1.7.1.. Have the first of the company's independent FFB suppliers achieved RSPO certification?
No information could be found using the research protocols. QL Resources has a time-bound plan to complete certification of its independently sourced FFB by 2022.
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1.7.2.. Has the company missed any public targets for 100% of its independent FFB suppliers to be RSPO-certified?
No. However, the target was extended from 2017 to 2023 to 2027, and then back to 2022.
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1.8.1.. Has the company RSPO-certified its first scheme smallholders?
No information could be found using the research protocols. QL Resources has a time-bound plan to complete certification of its scheme smallholders by 2022.
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1.8.2.. Has the company missed any public targets for 100% of its scheme smallholders to be RSPO-certified?
No. However, the target was extended from 2015 to 2021 to 2025, and then back to 2022.
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0 / 4
1.9.. What percentage of the company's scheme smallholder plantations is RSPO-certified?
No information could be found using the research protocols.
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1.10.. Does the company have any open complaints filed through the RSPO complaints system?
No.
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Landbank and maps
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0 / 1
2.1.1.. Does the company have a publicly available statement detailing its land acquisition criteria?
No information could be found using the research protocols.
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0 / 1
2.1.2.. Does this statement apply to all of the company's scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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2.2.1.. Has the company publicly disclosed its total landbank area for oil palm cultivation?
13494 - Yes, landbank for oil palm cultivation is stated as 13,494 ha in the 2015 ACOP. However, 16,200 ha is stated in the 2016 annual report, and 21,200 ha is stated on QL Resources's website.
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2.2.2.. Has the company publicly disclosed its total planted area?
10494 - Yes, planted area is 10,494 ha.
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0 / 1
2.2.3.. Has the company publicly disclosed its total scheme smallholder area?
No information could be found using the research protocols.
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2.2.4.. Has the company publicly disclosed its total area of land managed for conservation that is set aside (i.e. including areas of High Conservation Value)?
1905 - Yes, landbank for conservation is 1,905 ha.
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0 / 1
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.
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0 / 1
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.
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Environmental management
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0 / 1
3.1.1.. Does the company have a publicly available statement to address deforestation resulting from its operations?
No information could be found using the research protocols.
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0 / 1
3.1.2.. Does this statement apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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0 / 1
3.2.1.. Does the company have a publicly available commitment to undertake Free, Prior and Informed Consent (FPIC) prior to any new planting taking place?
No information could be found using the research protocols.
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0 / 1
3.2.2.. Does the company make its Free, Prior and Informed Consent (FPIC) process publicly available?
No information could be found using the research protocols.
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0 / 1
3.3.1.. Does the company have a publicly available commitment to conduct SEIA (Social and Environmental Impact Assessments) assessments prior to any new planting taking place?
No information could be found using the research protocols.
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0 / 1
3.3.2.. Are all SEIA assessments conducted after November 2005 publicly available?
No SEIA assessments could be found using the research protocols.
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0 / 1
3.4.1.. Does the company have a publicly available commitment to conduct High Conservation Value (HCV) assessments prior to any new planting taking place?
No information could be found using the research protocols.
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0 / 1
3.4.2.. Has the company publicly committed to only using licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?
No information could be found using the research protocols.
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0 / 1
3.4.3.. Are all of the company's High Conservation Value (HCV) assessments conducted after November 2005 publicly available?
No HCV assessments could be found using the research protocols.
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0 / 1
3.4.4.. Does the company make its High Conservation Value (HCV) management and monitoring plans for all of its estates publicly available?
No HCV management plans could be found using the research protocols.
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0 / 1
3.5.. Has the company publicly committed to applying a High Carbon Stock (HCS) methodology to all of its landholdings and not developing on HCS areas?
No information could be found using the research protocols.
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0 / 1
3.6.. Does the company have a publicly available Water Management Plan or equivalent for its operations?
No information could be found using the research protocols.
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0 / 1
3.7.. Does the company have a publicly available Integrated Pest Management Plan for its operations?
No information could be found using the research protocols.
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0 / 1
3.8.. Does the company have a publicly available commitment to not use WHO Class 1A and 1B pesticides and paraquat, or time-bound plan for phasing out their use?
No information could be found using the research protocols.
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3.9.. Has the company been mentioned in any relevant media stories and/or reports that make reference to wildlife conflict or deforestation within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?
No relevant media stories could be found using the research protocols.
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Fragile, marginal and peat soils
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0 / 1
4.1.1.. Does the company have a publicly available statement stating that it is committed to a strict 'no new development on peat' policy?
No information could be found using the research protocols.
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0 / 1
4.1.2.. Does this policy apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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4.2.. What percentage of the company's landbank for oil palm cultivation is located on peat?
No information could be found using the research protocols.
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Zero burning
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0 / 1
5.1.1.. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?
No information could be found using the research protocols.
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0 / 1
5.1.2.. Does this policy apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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5.2.. Has the company been mentioned in any relevant media stories and/or reports that make reference to fires found within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?
No relevant media stories could be found using the research protocols.
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Greenhouse gas emissions
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0 / 1
6.1.1.. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?
No. However, QL Resources does reference a goal to reduce GHG emissions by 30,000 metric tonnes per year.
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0 / 1
6.1.2.. Does this time-bound plan apply to all its scheme smallholders and independent FFB suppliers?
No information could be found using the research protocols.
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0 / 1
6.2.. Does the company publicly report on progress made towards achieving its time-bound plan?
No information could be found using the research protocols.
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0 / 1
6.3.. Does the company publicly report its GHG emissions from land use change associated with new planting?
No information could be found using the research protocols.
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0 / 1
6.4.. Has the company made a public commitment to report and to reduce effects from Palm Oil Mill Effluent (POME)?
No. QL Resources is treating POME using a biogas plant, but no information could be found on monitoring and reporting, using the research protocols.
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0 / 1
6.5.. Has the company made a public commitment to eliminate methane emissions from all of its palm oil mills?
No. However, QL Resources has one biogas plant to capture methane.
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Traceability
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0 / 1
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.
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7.2.. What percentage of the company's total palm oil mills is RSPO-certified?
0 - 0% of QL Resources' palm oil mills are RSPO-certified.
Calculation: 0 (stated number of palm oil mills RSPO-certified) divided by 3 palm oil mills (stated number of palm oil mills operated) x 100. -
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7.3.. What percentage of the company's total fresh fruit bunches (FFBs) purchased from independent suppliers (not including outgrowers and scheme smallholders) is RSPO-certified?
No information could be found using the research protocols.
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0 / 1
7.4.. Does the company have a public commitment to move towards Segregated and/or Identity Preserved certified sustainable palm oil (CSPO)?
No information could be found using the research protocols.
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0 / 2
7.5.. Does the company prioritize certified sustainable palm oil (CSPO) from Segregated or Identity Preserved supply chain models over Mass Balance or GreenPalm?
No information could be found using the research protocols.
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SPOTT scores are based on the presence of external evidence made available by the company or third-parties.
Media monitor: QL Resources 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 or score the validity of media coverage, but users can explore the media monitor to provide context on implementation, and infer risks associated with reported operations on the ground. The media monitor undergoes a full update at the time of publishing an assessment round, with ad-hoc updates throughout the year. This is not an exhaustive list of all media reports relevant to the company.
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Media monitor: QL Resources 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 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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