Socfin Group
Palm oil assessment- Latest update: November 2024
- Next scheduled: November 2025
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Landbank (oil palm)185,449 hectares
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Market cap:306,400,000 USD
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Thomson Reuters ticker:SLXSF.PK
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Bloomberg ticker:SOCFI LX Equity
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LEI:No LEI
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RSPO member?Yes
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Website:
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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: Socfin Group – April 2015
Assessment date:
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RSPO reporting requirements
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0.5 / 11.1.. Is the company an RSPO member?
Two of Socfin's plantation subsidiaries (PT Socfindo and Socfinco SA) are RSPO members. However, Socfin's other plantation subsidiaries' are not members of the RSPO.
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1 / 11.2.. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?
Yes.
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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?
Socfin correctly refer to themselves as oil palm growers.
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0 / 11.3.2.. 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?
Socfin did not disclose its operations outside of Indonesia (for example in Sierra Leone, Cameroon, Nigeria, Ivory Coast, Democratic Republic of Congo and Sa? Tom? & Pr?ncipe).
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0 / 1
1.4.1.. Has the company set any public targets to be 100% RSPO-certified?
2015 for estates in Indonesia. However, no target could be found which takes into account all of Socfin's operations in Sierra Leone, Cameroon, Nigeria, Ivory Coast, Democratic Republic of Congo and Sa? Tom? & Pr?ncipe.
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1.4.2.. Has the company missed any of its public targets to be 100% RSPO-certified?
Yes.
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1.5.. What percentage of the company's total plantation estates is RSPO-certified?
13.7 -
13.7% of Socfin's planted area is RSPO certified
Calculation: 14,919.73 ha (total area RSPO certified) divided by 108,875 ha (planted area) x 100
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1.6.. Are the company's RSPO Principles and Criteria certification assessments publicly available?
Link to Socfin's RSPO Principles and Criteria certification assessments.
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0 / 1
1.7.1.. Has the company set any public targets for its third party suppliers to be 100% RSPO-certified?
2019 for estates in Indonesia. However, no target could be found which takes into account all of Socfin's operations in Sierra Leone, Cameroon, Nigeria, Ivory Coast, Democratic Republic of Congo and Sa? Tom? & Pr?ncipe.
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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, an original target of 2016 was extended to 2018.
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1.8.1.. Has the company set any public targets for scheme smallholders to be 100% RSPO-certified?
2019 (this target only relates to its estates in Indonesia). No target could be found which takes into account all of Socfin's operations, which includes Sierra Leone, Cameroon, Nigeria, Ivory Coast, Democratic Republic of Congo and Sa? Tom? & Pr?ncipe.
Contrary to this, Socfin also stated in their 2013-2014 RSPO ACOP submission that they do not use scheme smallholders.
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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, an original target of 2016 was extended to 2018.
Contrary to this, Socfin also stated in their 2013-2014 RSPO ACOP submission that they do not use scheme smallholders.
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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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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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1 / 1
2.2.1.. Has the company publicly disclosed its total landbank area for oil palm cultivation?
360513 - Yes, landbank for oil palm cultivation is estimated at 360,513 ha.
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1 / 1
2.2.2.. Has the company publicly disclosed its total planted area?
116299 - Yes, planted area is 116,299 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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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)?
723 -
The following conservation area data was found using the research protocols:
**Socfin's Indonesian operations:** 723 ha
**Socfin's Ivory Coast operations:** 1,614 ha
**Socfin's Nigerian operations:** more than 1,000 ha
No information could be found regarding conservation areas for Socfin's operations in Sierra Leone, Cameroon, Democratic Republic of Congo and Sa? Tom? & Pr?ncipe.
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1 / 1
2.3.1.. Are all of the company's concession maps publicly available for all countries in which it operates?
Company concession boundary maps have been made publicly available and can be viewed in the Toolkit's mapping tool. However, ZSL is currently unable to ascertain if the maps disclosed constitute 100% of the companies' palm oil estates. This page will be updated once the information has been made available.
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2.3.2.. Are all of the company's scheme smallholders' concession maps publicly available for all countries in which it operates?
No scheme smallholder concession maps have been made publicly available by Socfin and are therefore unavailable to view on the SPOTT mapping tool.
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Environmental management
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1 / 1
3.1.1.. Does the company have a publicly available statement to address deforestation resulting from its operations?
Yes.
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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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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.
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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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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.
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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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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.
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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
3.6.. 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.
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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?
Please find the relevant media stories listed in the media monitor below.
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Fragile, marginal and peat soils
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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.
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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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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, but the statement only relates to Socfin's Indonesian operations.
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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?
Please find the relevant media stories listed in the media monitor below.
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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 information could be found using the research protocols.
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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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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 palm oil mill locations have been made publicly available by Socfin and are therefore unavailable to view on the SPOTT mapping tool.
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1 / 4
7.2.. What percentage of the company's total palm oil mills is RSPO-certified?
25 -
25% of Socfin's palm oil mills are RSPO certified
Calculation: 5 palm oil mills RSPO certified divided by 20 palm oil mills (total number stated) x 100
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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.
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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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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, Mass Balance, Segregated.
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SPOTT scores are based on the presence of external evidence made available by the company or third-parties.
Media monitor: Socfin Group
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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April 2025
Palm oil company uses armed forces, tear gas against protesting villagers in Cameroon
September 2023
Bolloré blacklisted over alleged rights violations on plantations in Africa and Asia
April 2022
Dutch Bank Pulls Out of Probe into Alleged Deforestation and Land Grab in Liberia
November 2021
At a certified palm oil plantation in Nigeria, soldiers and conflict over land
September 2021
Limbah PMKS PT Socfindo Seumanyam Diduga Cemari Lingkungan (PT Socfindo Seumanyam PMKS Waste Allegedly Polluting the Environment)
March 2021
Resistance against industrial oil palm plantations in West and Central Africa
March 2021
President Maada Bio makes further promise to resolve the Malen dispute soon
January 2021
Extension des terres du groupe Socfin: le FODER tire la sonnette d’alarme (Extension of the Socfin group's land: FODER sounds the alarm)
November 2020
African Peoples Tribunal faults transnationals operating in Africa
September 2020
Warga Kampung Tupah Aceh Tamiang Ditemukan Meninggal di Perkebunan PT Socfindo (Residents of Tupah Aceh Tamiang Village Found Dead on PT Socfindo's Plantation)
September 2020
SOCFIN and her subsidiary Okomu Oil Palm Company PLC rights violations in Edo State Communities/Villages: An S.O.S.
August 2020
Sungai Tercemar Limbah, Masyarakat Nagan Raya Laporkan Tiga Perusahaan Sawit ke Dinas Lingkungan Hidup (River Polluted with Waste, Nagan Raya Community Report Three Oil Palm Companies to the Environment Agency)
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Media monitor: Socfin Group
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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