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R.E.A. Holdings plc

Palm oil assessment
  • Latest update: November 2024
  • Next scheduled: November 2025

  • Landbank (oil palm)
    75,641 hectares
  • Market cap:
    45,800,000 USD
  • Thomson Reuters ticker:
    REAH.L
  • Bloomberg ticker:
    RE/ LN Equity
  • Sedol:
    234906
  • LEI:
  • RSPO member?
    Yes
  • Website:
  • Media Monitor
    • ZSL's SPOTT team monitors international media for news on assessed companies, collecting articles about pertinent activities. They don't confirm the accuracy of the media coverage, but it can be leveraged by SPOTT users to gain insights into a company's operations and possible risks. To access this company's media reports, scroll down or click here.

Company assessment: R.E.A. Holdings plc – October 2015

Assessment date:

Total: 62.5% 35 / 56
  • RSPO reporting requirements RSPO reporting requirements
    11 / 15 73.3%
    • Y
      1 / 1

      1.1.. Is the company an RSPO member?

      R.E.A. Holdings has been an RSPO member since 2007.

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

      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.

    • Y
      1 / 1

      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.

    • N
      0 / 1

      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. R.E.A. Holdings joined RSPO in 2007 and certified their first plantation estate in 2011. R.E.A. Holdings have a time-bound plan to complete certification by 2016 for their existing mills and supply bases. However, R.E.A. Holdings also state that they do not expect to achieve 100% RSPO certification of all existing estates until 2021, as some of R.E.A. Holdings' concessions are still in the process of being developed and do not yet supply one of their mills.

    • N
      -

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

      No.

    • P
      3 / 4

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

      57.32 - 57.32% of R.E.A Holdings' landbank for oil palm cultivation is RSPO certified

      Calculation: 34,389 ha (total area RSPO certified) divided by 60,000 ha (stated landbank for oil palm cultivation) x 100.

    • N
      -

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

      Yes.

    • N
      0 / 1

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

      No. However, R.E.A. Holdings also have a time-bound plan to complete certification by 2025.

    • N
      -

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

      No. However, an initial target of 2016 has been extended to 2025.

    • Y
      1 / 1

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

      Yes. R.E.A. Holdings also has a time-bound plan to complete certification by 2015 for existing scheme smallholders supplying their mills. R.E.A. Holdings also states that it is their intention to develop additional under the plasma scheme in the near future, some of which may supply FFB to their existing mills.

    • N
      -

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

      No.

    • P
      3 / 4

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

      61.2 - 61.2% of R.E.A Holdings' scheme smallholder plantations are RSPO certified

      Calculation: 1,914 ha (total area RSPO certified) divided by 3130 ha (scheme smallholder hectarage) x 100.

    • N
      -

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

      No.

  • Landbank and maps Landbank and maps
    5 / 6 83.3%
    • Y
      1 / 1

      2.1.1.. Does the company have a publicly available statement detailing its land acquisition criteria?

      Yes.

    • N
      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.

    • Y
      1 / 1

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

      60000 - 60,000 ha.

    • Y
      1 / 1

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

      34614 - 34,614 ha.

    • Y
      1 / 1

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

      3130 - 3,130 ha.

    • Y
      1 / 1

      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)?

      18250 - 18,250 ha.

    • N

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

      Map related indicators are temporarily disabled for all companies due to legal issues.

    • N

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

      Map related indicators are temporarily disabled for all companies due to legal issues.

  • Environmental management Environmental management
    10 / 14 71.4%
    • Y
      1 / 1

      3.1.1.. Does the company have a publicly available statement to address deforestation resulting from its operations?

      Yes.

    • N
      0 / 1

      3.1.2.. Does this statement apply to all its scheme smallholders and independent FFB suppliers?

      The statement applies to R.E.A. Holdings' scheme smallholders, but not to their independent FFB suppliers.

    • Y
      1 / 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?

      Yes.

    • Y
      1 / 1

      3.2.2.. Does the company make its Free, Prior and Informed Consent (FPIC) process publicly available?

      Yes.

    • Y
      1 / 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?

      Yes.

    • N
      0 / 1

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

      There is public availability of some of R.E.A. Holdings' SEIA assessments:

      East Kalimantan: PT Cipta Davia Mandiri; PT Persada Bangun Jaya; PT. Kutai Mitra Sejahtera; no other SEIA assessments could be found.

    • Y
      1 / 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?

      Yes.

    • Y
      1 / 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)?

      Yes.

    • N
      0 / 1

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

      There is public availability of some of R.E.A. Holdings' HCV assessments:

      East Kalimantan: PT Cipta Davia Mandiri; PT Persada Bangun Jaya; PT. Kutai Mitra Sejahtera; no other HCV assessments could be found.

    • N
      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?

      There is public availability of some of R.E.A. Holdings' HCV management plans:

      East Kalimantan: PT Cipta Davia Mandiri; PT Persada Bangun Jaya; PT. Kutai Mitra Sejahtera; no other HCV management plans could be found.

    • Y
      1 / 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?

      Yes.

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

      3.7.. Does the company have a publicly available Integrated Pest Management Plan for its operations?

      Yes.

    • Y
      1 / 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?

      Yes.

    • N
      -

      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.

  • Fragile, marginal and peat soils Fragile, marginal and peat soils
    1 / 2 50%
    • Y
      1 / 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?

      Yes.

    • N
      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.

    • N
      -

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

      0.99 - Approximately 0.99% of R.E.A. Holding's landbank is located on peat soil

      Calculation: 1,067 ha (total stated hectarage on peat soil) divided by 108,215 ha (stated landbank) x 100.

  • Zero burning Zero burning
    1 / 2 50%
    • Y
      1 / 1

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

      Yes.

    • N
      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.

    • N
      -

      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.

  • Greenhouse gas emissions Greenhouse gas emissions
    4 / 6 66.7%
    • Y
      1 / 1

      6.1.1.. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?

      Yes.

    • N
      0 / 1

      6.1.2.. Does this time-bound plan apply to all its scheme smallholders and independent FFB suppliers?

      The time-bound plan only applies to R.E.A. Holdings' scheme smallholders and outgrowers.

    • Y
      1 / 1

      6.2.. Does the company publicly report on progress made towards achieving its time-bound plan?

      Yes.

    • Y
      1 / 1

      6.3.. Does the company publicly report its GHG emissions from land use change associated with new planting?

      Yes.

    • Y
      1 / 1

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

      Yes.

    • N
      0 / 1

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

      No information could be found using the research protocols.

  • Traceability Traceability
    3 / 11 27.3%
    • N

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

      Map related indicators are temporarily disabled for all companies due to legal issues.

    • P
      3 / 4

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

      66.67 - 66.67% of R.E.A Holdings' palm oil mills are RSPO certified

      Calculation: 2 palm oil mills RSPO certified divided by 3 palm oil mills (total number stated) x 100.

    • N
      0 / 4

      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.

    • N
      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.

    • N
      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?

      Book & Claim.

Media monitor: R.E.A. Holdings plc

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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