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Socfin Group S.A.

Established in 1909, Socfin Group S.A. is one of the core business units of the

  • Parent company:
    Bolloré Group
  • Landbank (oil palm):
    402,258 hectares
  • Palm cultivation revenue:
    53.01%
  • Market cap:
    472,589,728 USD
  • Thomson Reuters ticker:
    SLXSF.PK
  • Bloomberg ticker:
    SOCFI LX
  • ISIN:
    LU0092047413
  • RSPO member?
    Yes
  • Website:

Company assessment: Socfin Group S.A.

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

52.7% 67.5 / 128 Total:
  • Sustainability policy and leadership Sustainability policy and leadership 5.5 / 6 91.7%
    • Companies should publish sustainability policies or similar covering their entire supply chain — including third party suppliers — implemented and enforced through high-level leadership that engages with wider industry schemes.

    • Yes
      1 / 1
      Source

      1. Sustainable palm oil policy or commitment for all its operations?

      The company has a responsible management policy and group sustainability policy.

    • Yes
      1 / 1
      Source

      2. Policy or commitment applies to direct and third-party suppliers?

    • Yes
      1 / 1
      Source

      3. High-level position of responsibility for sustainability?

      SOCFIN only states their Board takes an active role in the sustainability strategy and give details of their sustainability team.

    • Yes
      1 / 1
      Source

      4. Sustainability report published within last two years?

    • Partial
      0.5 / 1
      Source

      5. Member of industry schemes or other external initiatives to improve palm oil sustainability or transparency?

      The company is part of the Marrakesh Declaration for Sustainable Development in the Oil Palm Sector in Africa and reports using the GRI standards.

    • n/a
      -
      No source

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

      This indicator is disabled as it is not applicable to this company.

    • Yes
      1 / 1
      Source

      7. Activities with government and/or NGOs to improve palm oil sustainability?

      SOCFIN works with multiple NGOs to improve palm oil sustainability, including ZSL, and national governments.

  • Landbank, maps and traceability Landbank, maps and traceability 6 / 19 31.6%
    • Companies should publicly report figures on their total landbank and details of different areas under their management. They should also disclose maps of their management areas and provide details on traceability of their products, both to mill and plantation level.

    • Yes
      1 / 1
      Source

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

      402,258 - The company states its overall concession area is 402,258 ha (includes rubber). Figure of 39,704.78 ha in 2016 RSPO ACOP only covers operations in Indonesia.

    • Yes
      1 / 1
      Source

      9. Total oil palm planted area (ha)?

      124,595 - Figure of 38,146.34 ha in 2016 RSPO ACOP only covers operations in Indonesia.

    • No
      0 / 1
      Source

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

      Socfin does not have any scheme or associated smallholders in Indonesia, but does have smallholders in the Ivory Coast, Cameroon and possibly elsewhere.

    • Partial
      0.5 / 1
      Source

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

      903.31 - Figure of 903.31 ha in 2016 RSPO ACOP only covers operations in Indonesia.

    • Partial
      0.5 / 1
      Source

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

      23,379.1 - The following conservation area figures were found (all the data, except for Indonesia, is more than a year old):

      Indonesian operations: 655.13 ha

      Ivory Coast operations (SoGB): 1,614 ha as voluntary nature reserve

      Nigerian operations (Okomu): more than 1,000 ha of forest

      DRC operations (Brabanta): 13,000 ha of forest preserved

      Liberia operations (LAC): 3,100 ha set aside as a nature reserve

      Cambodia operations (Socfin KCD and Coviphama): 4,000 ha of forest set aside

      .

    • No
      0 / 1
      No source

      13. Area for infrastructure (ha)?

    • Yes
      1 / 1
      Source

      14. Number of company owned mills?

      19 - 19 existing mills, and 2 mils which are expected become operational in 2018. Only 9 mills reported in 2016 RSPO ACOP, which only covers operations in Indonesia.

    • Partial
      0.5 / 1
      No source

      15. Maps or coordinates of company owned mills?

      Mill locations have been made available previously, which are viewable on the SPOTT map. However, ZSL is currently unable to ascertain if the maps disclosed constitute 100% of the company's palm oil mills.

    • No
      0 / 1
      No source

      16. Number and names of supplier mills?

    • Partial
      0.5 / 1
      Source

      17. Maps of estates/management units?

      Concession boundaries have been made available to the RSPO and the company declares these represent 100% of their concession sites, but they only cover Indonesian operations. Not all maps may be publicly available due to ongoing legal issues.

    • No
      0 / 1
      No source

      18. Maps of scheme/plasma smallholders?

    • Partial
      0.5 / 1
      Source

      19. Time-bound commitment to achieve 100% traceability to mill level?

      Socfin states it plans to obtain traceability for all of its raw materials, but this commitment is not time-bound.

    • Partial
      0.5 / 1
      Source

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

      Socfin states it plans to obtain traceability for all of its raw materials, but this commitment is not time-bound.

    • No
      0 / 2
      No source

      21. Percentage of supply traceable to mill level (is 100%)?

    • No
      0 / 2
      No source

      22. Percentage of fresh fruit bunches (FFB) from own mills traceable to plantation level (is above 75%)?

    • No
      0 / 2
      No source

      23. Percentage of fresh fruit bunches (FFB) from supplier mills traceable to plantation level (is above 75%)?

  • Deforestation and biodiversity Deforestation and biodiversity 9.5 / 12 79.2%
    • Companies should commit to address deforestation and to set aside areas for conservation. They should report on any activities to manage or restore habitat in their conservation areas, or monitor deforestation in their supply chains. They should also provide evidence of species conservation and biodiversity protection.

    • Yes
      0.5 / 0.5
      Source

      24. Commitment to address deforestation?

    • Yes
      1 / 1
      Source

      25. Commitment to zero deforestation?

    • No
      0 / 1
      Source

      26. Deforestation commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

      27. Criteria for defining deforestation?

      HCS and HCV.

    • Yes
      1 / 1
      Source

      28. Evidence of monitoring deforestation?

      Socfin states "In terms of monitoring, we will calculate the forest area and estimate the canopy coverage every year: the total must at least remain the same, year after year (at Group level)".

    • Yes
      1 / 1
      Source

      29. Commitment to set aside areas for conservation?

    • Yes
      1 / 1
      Source

      30. Evidence of habitat management and/or habitat restoration?

      Socfin states that degraded areas such as river borders are replanted with native species.

    • Partial
      0.5 / 1
      Source

      31. A landscape-level approach?

      The company mentions Intact Forest Landscape in relation to one of their plantations and how it actively protects it, but does not clearly implement a landscape-level approach across all operations.

    • Yes
      0.5 / 0.5
      Source

      32. Commitment to biodiversity conservation?

    • Yes
      1 / 1
      Source

      33. Commitment to not endanger species of conservation concern, referencing international or national system of species classification?

    • Partial
      0.5 / 1
      Source

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

      In its 2016 Sustainability report, Socfin states that 'inappropriate hunting related to bush meat is forbidden and monitored'.

    • Partial
      0.5 / 1
      Source

      35. Commitment not to operate within internationally and nationally designated protected areas?

      The company states no development takes place on area such as protected areas, but does not reference nationally or internationally designated protected areas.

    • Yes
      1 / 1
      Source

      36. Evidence of species conservation activities?

      Socfin states that it carries out eco-guards patrols, prevents any inappropriate hunting and provides education to local communities about rare and endemic species.

  • HCV, HCS and impact assessments HCV, HCS and impact assessments 5.5 / 11 50%
    • Companies should commit to the High Conservation Value (HCV) and High Carbon Stock (HCS) approaches, and to conduct social and environmental impact assessments (SEIA). They should develop and publish monitoring and management plans, and provide evidence through SEIA, HCV and HCS assessments, typically published in summary form due to the sensitive nature of certain sites.

    • Yes
      1 / 1
      Source

      37. Commitment to High Conservation Value (HCV) approach?

    • No
      0 / 1
      No source

      38. HCV commitment applies to scheme smallholders and independent suppliers?

    • Partial
      0.5 / 1
      Source

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

      As an RSPO member, Socfin commits to using licensed HCV assessors (under the RSPO New Planting Policy), but the company itself does not have an explicit commitment.

    • No
      0 / 1
      Source

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

    • Partial
      0.5 / 1
      Source

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

      HCV assessment for Lima Puluh Estate. Unclear if other new planting.

    • Partial
      0.5 / 1
      Source

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

      HCV management and monitoring plans for Lima Puluh Estate. Unclear if other new planting.

    • Yes
      1 / 1
      Source

      43. Satisfactory review of all High Conservation Value (HCV) assessments undertaken since January 2016 by the HCV ALS Quality Panel?

    • Yes
      1 / 1
      Source

      44. Commitment to the High Carbon Stock (HCS) approach?

    • No
      0 / 1
      No source

      45. High Carbon Stock (HCS) assessments?

    • Yes
      1 / 1
      Source

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

    • No
      0 / 1
      No source

      47. Social and environmental impact assessment (SEIAs) undertaken, and associated management and monitoring plans?

  • Peat, fire and GHG emissions Peat, fire and GHG emissions 7 / 17 41.2%
    • Companies should commit to protect peatland and undertake best management practices for soils and peat. They should also have policies on zero burning and to reduce their greenhouse gas (GHG) emissions. Companies should report their GHG emissions, as well as any fires that occurred in or around their estates, along with plans for managing and monitoring fires.

    • Partial
      0.5 / 1
      Source

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

    • Yes
      1 / 1
      Source

      49. Peat commitment applies to scheme smallholders and independent suppliers?

    • Yes
      1 / 1
      Source

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

      The company seeks to introduce best agricultural practices and recognises the importance of well-managed soils, and commits to best management practices for peat.

    • No
      0 / 1
      No source

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

    • Partial
      0.5 / 1
      Source

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

      The company only details best management practices for soils.

    • Yes
      1 / 1
      Source

      53. Commitment to zero burning?

      Besides a statement about Socfin's Indonesian operations, it is mentioned in Socfin's responsible management policy that the use of fire is prohibited.

    • No
      0 / 1
      No source

      54. Zero burning commitment applies to scheme smallholders and independent suppliers?

    • Partial
      0.5 / 1
      Source

      55. Evidence of management and monitoring fires?

      Socfin reports fire monitoring on its DRC concessions, "Farm guards selected by the community are ... posted to report ?res". In Cambodia, a 'fire calendar' has been established with communities to monitor burning during the dry season. The company does not report fire management practices.

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

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

    • Partial
      0.5 / 1
      Source

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

      No time-bound commitment, but seeks to progressively reduce GHG emissions.

    • Yes
      1 / 1
      Source

      59. GHG commitment applies to scheme smallholders and independent suppliers?

    • No
      0 / 1
      No source

      60. GHG emissions?

    • No
      0 / 1
      No source

      61. GHG emissions from land use change?

    • Yes
      1 / 1
      Source

      62. Methodology used to calculate GHG emissions?

      PalmGHG.

    • No
      0 / 1
      No source

      63. Progress towards commitment to reduce GHG emissions?

    • No
      0 / 1
      No source

      64. Percentage of mills with methane capture (is above 75%)?

  • Water, chemical and pest management Water, chemical and pest management 6 / 12 50%
    • Companies should commit to managing water use and water quality, providing evidence through time-bound reduction plans, policies on toxic chemical use and treatment of palm oil mill effluent (POME).

    • Yes
      1 / 1
      Source

      65. Commitment to manage water use and water quality?

    • No
      0 / 1
      No source

      66. Time-bound commitments to improve water use and water quality?

    • No
      0 / 1
      No source

      67. Progress towards commitment on water use?

    • No
      0 / 1
      No source

      68. Progress towards commitment on water quality?

    • Yes
      1 / 1
      Source

      69. Protection of natural waterways through buffer zones?

      Only refers to operations in Ghana.

    • Yes
      1 / 1
      Source

      70. Evidence of treating palm oil mill effluent (POME)?

    • Yes
      1 / 1
      Source

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

    • No
      0 / 1
      Source

      72. No use of paraquat?

      The company states paraquat is only used in Indonesia and its use has been reduced, but it does not have a time-bound plan to phase it out.

    • No
      0 / 1
      No source

      73. No use of World Health Organisation (WHO) Class 1A and 1B pesticides?

    • No
      0 / 1
      Source

      74. No use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • Yes
      1 / 1
      Source

      75. Integrated Pest Management (IPM) approach?

    • Yes
      1 / 1
      Source

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

  • Community, land and labour rights Community, land and labour rights 13.5 / 18 75%
    • Companies should commit to respect human rights, including those of indigenous peoples and local communities, consulted with free, prior and informed consent (FPIC). Companies should respect the rights of workers, report relevant workforce data, and comply with health and safety legislation.

    • Yes
      1 / 1
      Source

      77. Commitment to human rights, referencing the UN Declaration of Human Rights or UN Guiding Principles on Business and Human Rights?

    • Yes
      1 / 1
      Source

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

    • Partial
      0.5 / 1
      Source

      79. Commitment to respect indigenous and local communities' rights, referencing the UN Declaration on the Rights of Indigenous Peoples or ILO 169?

      The company respects indigenous and local community rights, but does not reference an international convention on indigenous rights.

    • Yes
      1 / 1
      Source

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

    • Yes
      1 / 1
      Source

      81. FPIC commitment applies to independent suppliers?

    • No
      0 / 1
      No source

      82. Free, prior and informed consent (FPIC) process?

    • Yes
      1 / 1
      Source

      83. Process for addressing land conflicts?

      The company provides a document on conflict resolution in its 2015 ACOP.

    • Partial
      0.5 / 1
      Source

      84. Commitment to ensure food security for local communities?

      Socfin does not explicitly commit to food security for local communities but does list action which has been undertaken in various locations to encourage the cultivation of subsistence crops.

    • Yes
      1 / 1
      Source

      85. Commitment to respect all workers' rights?

    • Partial
      0.5 / 1
      Source

      86. Reference to Fundamental ILO Conventions or Free and Fair Labour Principles?

      Socfin explicitly references the ILO conventions and refers to no child labour, minimum age, no forced labour, no discrimination, freedom of association and collective bargaining, but does not refer to equal remuneration.

    • Yes
      1 / 1
      Source

      87. Total number of employees?

      45,971

    • Yes
      1 / 1
      Source

      88. Percentage or number of temporary employees?

      16,672 (30%)

    • Yes
      1 / 1
      Source

      89. Percentage or number of women employees?

      16% - Refers to permanent employees.

    • Yes
      1 / 1
      Source

      90. Minimum wage that the company pays?

    • Yes
      1 / 1
      Source

      91. Commitment to address occupational health and safety?

      In its 2016 Sustainability report, Socfin states that 'the group's subsidiaries all observe national laws and regulations related to wage as well as occupational health and safety'. The group follows OHSAS 18001 inspired guidelines.

    • No
      0 / 1
      No source

      92. Lost time accident rate?

    • No
      0 / 1
      No source

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

    • Yes
      1 / 1
      Source

      94. Provision of personal protective equipment and pesticide training?

  • Certification standards Certification standards 6.5 / 17 38.2%
    • Companies should become members of credible certification standards and report in accordance with all appropriate categories of membership. The Roundtable on Sustainable Palm Oil (RSPO) requires members registered as growers to submit data relating to certification targets for their estates, scheme smallholders and independent fresh fruit bunch (FFB) suppliers, via an annual communications of progress (ACOP) report.

    • Partial
      0.5 / 1
      Source

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

      2004 - Two of Socfin's plantation subsidiaries (PT Socfindo and Socfinco SA) have been RSPO members since 2004. However, Socfin's other plantation subsidiaries are not members of the RSPO.

    • Yes
      0.5 / 0.5
      Source

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

    • No
      0 / 0.5
      Source

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

      Socfin only states that it operates in Indonesia (Aceh, North Sumatra). It does not state that it operates in Sierra Leone, Cameroon, Nigeria, Ivory Coast, Democratic Republic of Congo and Saõ Tomé & Príncipe.

    • Yes
      0.5 / 0.5
      Source

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

      2020 - An original time-bound plan of 2013 was extended to 2014 and then 2015 for Indonesia operations - the company states in its 2016 RSPO ACOP that all estates are already 100% certified in 2015. In their 2015 Sustainability report, Socfin stated that all the GroupÂ’s African plantations will be certified by 2020.

    • Yes
      0.5 / 0.5
      Source

      99. Time-bound plan for achieving 100% RSPO certification of scheme/associated smallholders within 5 years or achieved 100% RSPO-certification of scheme/associated smallholders?

      2019

    • No
      0 / 0.5
      No source

      100. Time-bound plan for achieving 100% RSPO certification of all supply chains?

    • No
      0 / 0.5
      Source

      101. 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?

      2011 - Socfin joined the RSPO in 2004 and certified its first plantation estate in 2011. Socfin has a time-bound plan to complete certification by 2015 for estates in Indonesia, which it stated is achieved.

    • Partial
      1 / 2
      Source

      102. Percentage of mills RSPO-certified (is above 75%)?

      9 (47%)

    • Partial
      1 / 2
      Source

      103. Percentage of area (ha) RSPO-certified (is above 75%)?

      39,365 - Unclear total land area for palm oil cultivation therefore no % calculated.

    • No
      0 / 2
      Source

      104. Percentage of scheme/associated smallholders (ha) RSPO-certified (is above 75%)?

      0 (0%)

    • No
      0 / 2
      Source

      105. Percentage of FFB supply (tonnes) from independent FFB suppliers that is RSPO-certified (is above 75%)?

      0 (0%)

    • No
      0 / 2
      No source

      106. Percentage of all palm oil and oil palm products handled/traded/processed (tonnes) that are RSPO-certified (is above 75%)?

    • Yes
      1 / 1
      Source

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

      Book & Claim, Mass Balance, Identity Preserved.

    • Partial
      0.5 / 1
      Source

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

      5 of the Indonesian sites have achieved ISPO certification.

    • n/a
      -
      No source

      109. Malaysia Sustainable Palm Oil (MSPO) certified (100%)?

      This indicator is disabled as it is not applicable to this company.

    • Yes
      1 / 1
      Source

      110. Certified under voluntary sustainability certification scheme (e.g. ISCC, SAN, RSB, etc.)?

      ISCC.

  • Smallholders and suppliers Smallholders and suppliers 4 / 9 44.4%
    • Companies should report details of any programmes or schemes to support both schemed and independent smallholders, as well as criteria to assess suppliers on compliance with company policies, and in what cases suppliers should be suspended or excluded due to non-compliance.

    • No
      0 / 1
      No source

      111. Programme to support scheme smallholders?

    • No
      0 / 1
      No source

      112. Details of support programme for scheme smallholders?

    • No
      0 / 1
      No source

      113. Number or percentage of scheme smallholders involved in programme?

    • Yes
      1 / 1
      Source

      114. Programme to support independent smallholders?

    • Yes
      1 / 1
      Source

      115. Details of support programme for independent smallholders?

      In its 2016 Sustainability Report, Socfin states that support programmes (either initiated by Socfin or state led) include best agricultural practice training and monitoring and measures related to raw material pricing.

    • No
      0 / 1
      No source

      116. Number or percentage of independent smallholders involved in programme?

    • Yes
      1 / 1
      Source

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

      Socfin states 'the contractors and suppliers must comply with the companies rules and they are requested to sign our environmental and social policies. They are regularly audited by the staff in the framework of the management systems in order to ensure that their operations are the Group's environmental and social objectives. Training is provided if necessary.'
      .

    • Yes
      1 / 1
      Source

      118. Suspension or exclusion criteria for suppliers?

      Socfin states that 'any supplier not taking immediate remedial actions to correct serious failures or who does it repeatedly shall be removed from the Group's list of approved suppliers.' However, no time frame or list of exclusion criteria are listed.

    • No
      0 / 1
      No source

      119. Number or percentage of suppliers assessed and/or engaged?

  • Governance and grievances Governance and grievances 4 / 7 57.1%
    • Companies should operate in an ethical manner at all levels, providing accessible channels and clear procedures for both employees and external stakeholders to raise any grievance or complaint with the company, as well as allowing for whistleblowing.

    • Yes
      1 / 1
      Source

      120. Commitment to ethical conduct and prohibition of corruption?

      Socfin states that its internal policies forbid all forms of bribery, of political meddling, and forbids unfair corporate practice, namely regarding procurement.

    • No
      0 / 1
      No source

      121. Whistleblowing procedure?

    • Yes
      1 / 1
      Source

      122. Own grievance or complaints system?

      Socfin states that all plantations have written procedures for dealing with complaints and grievances.

    • Yes
      1 / 1
      Source

      123. Grievance system accessible to internal stakeholders (i.e. employees)?

    • Yes
      1 / 1
      Source

      124. Grievance system accessible to external stakeholders?

    • No
      0 / 2
      No source

      125. Details of grievances disclosed?

Media monitor: Socfin Group S.A.

SPOTT gathers reports and stories from global media sources, covering specific company activities related to the assessment indicator categories. ZSL does not assess the validity of these reports.

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Map of concessions: Socfin Group S.A.

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Use the map search bar to find specific company concessions or locations. Click the concession sites marked by pins to zoom in for more information, then go to the company pages of featured concessions to view their assessments.

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