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TSH Resources Bhd https://www.spott.org/palm-oil/tsh-resources-bhd/

Established in 1986, TSH Resources is engaged in investment holding and in oil palm cultivation

Score:  29.0%

Latest update: 06 Nov 2018
Next scheduled: Nov 2019
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  • Landbank (oil palm):
    121,088 hectares
  • Palm cultivation revenue:
    100%
  • Market cap:
    420,884,000 USD
  • Thomson Reuters ticker:
    TSHR.KL
  • Bloomberg ticker:
    TSH MK
  • ISIN:
    MYL9059OO006
  • RSPO member?
    Yes
  • Website:
    http://www.tsh.com.my
    Latest annual report (2017)

Company assessment: TSH Resources Bhd – November 2018

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.

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Assessment date:

Total: 29% 35 / 120.5
  • Sustainability policy and leadership Sustainability policy and leadership 1 / 6 16.7%
    • 1 media report

      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.

    • No
      0 / 1
      Source

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

      The company states it is committed to sustainability, but does not make its policies, including its Environmental Policy Statement, publicly available

    • No
      0 / 1
      No source

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

    • Yes
      1 / 1
      Source

      3. High-level position of responsibility for sustainability?

      Head of Sustainability

    • No
      0 / 1
      No source

      4. Sustainability report published within last two years?

    • No
      0 / 1
      No source

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

    • 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.

    • No
      0 / 1
      Source

      7. Activities with government, NGOs or academic institutions to improve palm oil sustainability?

      The company states that it is working with local and international NGOs and the Sabah Forestry Department to study biodiversity and ecology of the Meliau Range but no examples or further detail. Unclear if it is related to palm oil

  • Landbank, maps and traceability Landbank, maps and traceability 7.5 / 19 39.5%

    • 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)?

      121,088

    • Yes
      1 / 1
      Source

      9. Total oil palm planted area (ha)?

      42,056

    • Yes
      1 / 1
      Source

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

      4,370

    • Yes
      1 / 1
      Source

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

      57,467

    • Yes
      1 / 1
      Source

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

      17,195 - Sum of HCV areas and other conservation areas reported in the 2017 RSPO ACOP. This has decreased from a previously reported figure of 24,190 ha

    • No
      0 / 1
      No source

      13. Area for infrastructure (ha)?

    • Yes
      1 / 1
      Source

      14. Number and names of company owned mills?

      6

    • Partial
      0.5 / 1
      Source

      15. Maps or coordinates of company owned mills?

      One of the company's mills is available on Global Forest Watch

    • No
      0 / 1
      No source

      16. Number and names of supplier mills?

    • Yes
      1 / 1
      Source

      17. Maps of estates/management units?

      Concession boundaries have been made available to the RSPO in 2015, and subsequent ACOPs state that concessions are unchanged. Maps will become available on GeoRSPO

    • No
      0 / 1
      No source

      18. Maps of scheme/plasma smallholders?

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      Source

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

      The company only states "we work to ensure that the materials and components we use in our entire supply chain such as raw oil palm bunches and fertilisers can be traced to sources"

    • No
      0 / 2
      No source

      21. Percentage of supply traceable to mill level (above 80%)?

    • No
      0 / 2
      No source

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

    • No
      0 / 2
      No source

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

  • Deforestation and biodiversity Deforestation and biodiversity 1.5 / 10 15%
    • 1 media report

      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.

    • No
      0 / 1
      No source

      24. Commitment to zero deforestation?

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

      26. Criteria for defining deforestation?

    • No
      0 / 1
      No source

      27. Evidence of monitoring deforestation?

    • No
      0 / 1
      Source

      28. Examples of habitat management and/or habitat restoration?

    • No
      0 / 1
      No source

      29. Implementing a landscape-level approach to biodiversity conservation?

    • Partial
      0.5 / 1
      Source

      30. Commitment to biodiversity conservation?

      The company only states it has put in place practices to mitigate its impact on biodiversity

    • Partial
      0.5 / 1
      Source

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

      The company states "in line with its policy, works with wildlife conservation bodies to protect rare, threatened or endangered species" but does not reference a system of species classification nor how this will be done

    • No
      0 / 1
      No source

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

    • Partial
      0.5 / 1
      Source

      33. Examples of species conservation activities?

      The company only states that it provides research grants, works with conservation bodies to protect species and carries out annual wildlife population assessments

  • HCV, HCS and impact assessments HCV, HCS and impact assessments 2 / 10 20%

    • 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

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

    • No
      0 / 1
      No source

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

    • Partial
      0.5 / 1
      Source

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

      The company does not have an explicit commitment itself, but commits under the RSPO New Planting Procedures (NPP) as an RSPO member

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

      40. Satisfactory review of all High Conservation Value (HCV) assessments undertaken since January 2015 by the HCV ALS Quality Panel?

    • No
      0 / 1
      No source

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

    • n/a
      -
      Source

      42. High Carbon Stock (HCS) assessments?

      This indicator is disabled as according to the company's 2016 and 2017 RSPO ACOPs no new planting has occurred

    • Partial
      0.5 / 1
      Source

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

      The company states it conducts EIAs prior to any new development, and mentions SIAs, but does not clearly state that both SIAs and EIAs are conducted prior to new planting

    • No
      0 / 1
      Source

      44. Social and environmental impact assessments (SEIAs) undertaken, and associated management and monitoring plans?

      The company states "We have conducted EIAs for all our Indonesian plantations and Sabah estates that were established after September 1999" but no publicly available reports could be found

  • Peat, fire and GHG emissions Peat, fire and GHG emissions 2.5 / 15 16.7%
    • 1 media report

      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.

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      Source

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

    • No
      0 / 1
      No source

      48. Landbank or planted area on peat?

    • No
      0 / 1
      Source

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

    • Partial
      0.5 / 1
      Source

      50. Commitment to zero burning?

      The company only states "We also have a zero burning policy for all our operations" but it is unclear if this applies to all new development and replanting

    • No
      0 / 1
      Source

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

    • No
      0 / 1
      Source

      52. Evidence of management and monitoring fires?

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      Source

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

    • Partial
      0.5 / 1
      Source

      56. GHG emissions from land use change?

      The company has submitted a Palm GHG report available for two certified sites PT SPMN and LDPOM in its 2017 ACOP but this does not cover the company's whole scope of operations, but includes land conversion emissions

    • Yes
      1 / 1
      Source

      57. Methodology used to calculate GHG emissions?

      PalmGHG

    • No
      0 / 1
      No source

      58. Progress towards commitment to reduce GHG emissions intensity?

    • Partial
      0.5 / 1
      Source

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

      The company has five biogas projects, but it is unclear which mills they relate to

  • Water, chemical and pest management Water, chemical and pest management 3 / 12 25%

    • 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).

    • No
      0 / 1
      Source

      60. Time-bound commitment to improve water use per tonne of FFB Processed?

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

      62. Progress towards commitment on water use?

    • No
      0 / 1
      No source

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

    • Partial
      0.5 / 1
      Source

      64. Protection of natural waterways through buffer zones?

      The company states it maintains riparian boundaries but it is unclear if this covers all of its operations

    • Yes
      1 / 1
      Source

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

    • Partial
      0.5 / 1
      Source

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

      No specific commitment to minimise/limit fertilisers and pesticides, but the company states "To reduce pesticide use, we have implemented an integrated pest management programme"

    • No
      0 / 1
      No source

      67. No use of paraquat?

    • No
      0 / 1
      No source

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

    • No
      0 / 1
      No source

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

    • Yes
      1 / 1
      Source

      70. Integrated Pest Management (IPM) approach?

      The company states it has adopted an integrated pest management programme

    • No
      0 / 1
      No source

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

  • Community, land and labour rights Community, land and labour rights 8 / 19.5 41%
    • 5 media reports

      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.

    • Partial
      0.5 / 1
      Source

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

      The company commits to human rights, but does not reference the UN Declaration of Human Rights

    • No
      0 / 1
      No source

      73. Commitment to human rights applies to scheme smallholders and independent suppliers?

    • No
      0 / 1
      Source

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

    • No
      0 / 1
      No source

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

    • Partial
      0.5 / 1
      Source

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

      The company only states that "one of the policy's main objectives is to emphasise the importance of Free, Prior and Informed Consent ("FPIC")" but does not clearly state it is undertaken or followed for all new development

    • No
      0 / 1
      No source

      77. FPIC commitment applies to independent suppliers?

    • No
      0 / 1
      No source

      78. Details of free, prior and informed consent (FPIC) process available?

    • Yes
      1 / 1
      Source

      79. Details of process for addressing land conflicts available?

      The company provides a document on conflict resolution in its 2015 ACOP but no updated version is available

    • No
      0 / 1
      No source

      80. Commitment to mitigate impacts on food security?

    • Yes
      1 / 1
      Source

      81. Commitment to provide essential community services and facilities?

    • Partial
      0.5 / 1
      Source

      82. Commitment to respect all workers' rights?

      The company states it has put in place labour rights protections, but does not state for all workers nor does it provide detail

    • Partial
      0.5 / 1
      Source

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

      The 2017 AR refers to no child labour, no forced labour, freedom of association, collective bargaining, and no discrimination, but does not refer to minimum age or equal remuneration

    • Yes
      0.5 / 0.5
      Source

      84. Total number of employees?

      8,992

    • No
      0 / 1
      No source

      85. Percentage or number of temporary employees?

    • Yes
      1 / 1
      Source

      86. Percentage or number of women employees?

      2,934 (32.6%)

    • Partial
      0.5 / 1
      Source

      87. Commitment to pay minimum wage?

      The company states it complies with local labour regulations and has implemented national minimum wage rates throughout its operations but there is no evidence is provided

    • Yes
      1 / 1
      Source

      88. Commitment to address occupational health and safety?

    • No
      0 / 1
      No source

      89. Time lost due to work-based injuries?

    • No
      0 / 1
      No source

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

    • Yes
      1 / 1
      Source

      91. Provision of personal protective equipment and pesticide training?

  • Certification standards Certification standards 5.5 / 18 30.6%

    • 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.

    • Yes
      1 / 1
      Source

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

      2,014

    • Yes
      0.5 / 0.5
      Source

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

      2,017

    • Yes
      0.5 / 0.5
      Source

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

      The company states all the countries and regions in which it operates: Indonesia (West Sumatra, Central Kalimantan, East Kalimantan), Malaysia (Sabah)

    • Yes
      0.5 / 0.5
      Source

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

      2,021 - Target extended from 2019 to 2021

    • Yes
      0.5 / 0.5
      Source

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

      2,023 - Target extended from 2021 to 2023

    • No
      0 / 0.5
      No source

      97. Year expected to achieve 100% RSPO certification of all palm product processing facilities?

    • Yes
      0.5 / 0.5
      Source

      98. 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?

      2,016

    • Partial
      1 / 2
      Source

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

      2 (33.3%)

    • Partial
      0.5 / 2
      Source

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

      10,102 (8.3%)

    • No
      0 / 2
      No source

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

      0

    • No
      0 / 2
      No source

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

      0

    • No
      0 / 2
      No source

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

    • No
      0 / 1
      Source

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

      Mass Balance only

    • Partial
      0.5 / 1
      Source

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

      The company states that one of company's entities is fully ISPO certified and the rest are in progress

    • No
      0 / 1
      No source

      106. Malaysia Sustainable Palm Oil (MSPO) certified?

    • No
      0 / 1
      No source

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

  • Smallholders and suppliers Smallholders and suppliers 1.5 / 5 30%

    • 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.

    • Yes
      1 / 1
      Source

      108. Programme to support scheme smallholders?

      The company supports plasma smallholders through providing advice, seed stock, financial support, fertilisers and pesticides

    • No
      0 / 1
      No source

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

    • n/a
      -
      Source

      110. Programme to support independent smallholders?

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

    • n/a
      -
      No source

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

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

    • Partial
      0.5 / 1
      Source

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

      The company only states it performs audits "to ensure that our estates and those of our suppliers comply with local environmental regulations especially when it comes to waste management and land clearing"

    • No
      0 / 1
      No source

      113. Suspension or exclusion criteria for suppliers?

    • No
      0 / 1
      No source

      114. Percentage of suppliers assessed and/or engaged on compliance with company requirements?

  • Governance and grievances Governance and grievances 2.5 / 6 41.7%

    • 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

      115. Commitment to ethical conduct and prohibition of corruption?

    • Yes
      1 / 1
      Source

      116. Whistleblowing procedure?

    • Partial
      0.5 / 1
      Source

      117. Own grievance or complaints system?

      The company allows for grievances to be reported but no details on the process of the steps taken are provided

    • No
      0 / 1
      Source

      118. Grievance or complaints system is accessible to internal and external stakeholders?

      It is unclear who the grievance system is accessible to

    • No
      0 / 2
      No source

      119. Details of grievances disclosed?

Media monitor: TSH 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 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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March 2018

Forest Watch Indonesia: SILANG SENGKARUT PENGELOLAAN HUTAN DAN LAHAN DI INDONESIA

Visit external site

February 2018

Buruh Sawit Perusahaan Malaysia di Kalimantan Mogok Kerja (Palm Oil Workers in Kalimantan Strike)

Visit external site

February 2018

Maybank: The single largest palm oil financier

Visit external site

November 2016

The Great Palm Oil Scandal: Labour Abuses Behind Big Names

Visit external site

July 2016

Are You Invested in Exploitation? Why US investment firms should quit financing conflict palm oil and commit to human rights

Visit external site

December 2015

Inside Indonesia's highest-profile land conflict

Visit external site
No articles found for the selected categories.

Scoring criteria: TSH Resources Bhd

Scoring criteria guide how ZSL conducts SPOTT assessments and allocates scores to ensure a fair and consistent approach, setting the expectations for companies on how they should publish ESG data. The full palm oil indicator framework contains 119 indicators across 10 categories, aligned with corporate reporting initiatives.

Download scoring criteria
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