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  • Latest update: August 2022
  • Next scheduled: July 2023

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  • About this company:

    Golden Pharos Bhd is an investment holding company

  • Market cap:
    4,800,310 USD
  • Thomson Reuters ticker:
    GROS.KL
  • Bloomberg ticker:
    GPB MK Equity
  • ISIN:
    MYL5649OO008
  • Website:

Company assessment: Golden Pharos – August 2022

Assessment date:

Score by disclosure type:

Total: 29.2% 50 / 171
  • Organisation: 14 / 37 37.8%
  • Policy: 24.5 / 76 32.2%
  • Practice: 11.5 / 58 19.8%
  • Self-reported: 8 / 58 13.8%
  • External: 0 / 58 0%
  • Certified: 3.5 / 58 6%
  • Sustainability policy and leadership Sustainability policy and leadership
    6.5 / 12 54.2%
    • Organisation: 4.5 / 6 75%
    • Policy: 1 / 2 50%
    • Practice: 1 / 4 25%
    • Self-reported: 1 / 4 25%
    • External: 0 / 4 0%
    • Certified: 0 / 4 0%
    • Y
      1 / 1

      1. Sustainable forestry policy or commitment for all its operations?

      The company's sustainability commitments are reported as a part of its sustainability report covering multiple dimensions of sustainability across the company's operations.

    • N
      0 / 1

      2. Sustainable forestry policy or commitment applies to all suppliers?

    • Y
      1 / 1

      3. High-level position of responsibility for sustainability?

      The company has set up a sustainability committee which is led by the CEO- Mr. Dato' Ahmad Nadzarudin bin Abdul Razak.

    • Y
      1 / 1

      4. One or more members within the board of the company have responsibility for sustainability?

      0 - The company reports that the board of directors are responsible for evaluating the group's sustainability performance periodically based on reports submitted by the sustainability committee members.

    • P
      0.5 / 1

      5. Percentage or number of women in senior management team?

      3 - The company does not explicitly report the number or percentage of women in the senior management team, but each profile has a male or female icon. There are 3 female icons and 12 male icons. The company provides photographs and names of staff on the team.

    • Y
      1 / 1

      6. Percentage or number of women board members?

      0 - The company reports that its board currently has no female director, but the board seeks to appoint in the future a female director who meets the predetermined skill sets and competencies.

    • N
      0 / 1

      7. Member of multiple industry schemes or other external initiatives to reduce negative environmental or social outcomes associated with timber and pulp production?

    • Y
      1 / 1

      8. Collaboration with stakeholders to reduce negative environmental or social outcomes associated with timber and pulp production?

      The company reports to collaborate with organisations such as the WWF to identify threatened and endangered mammal species. In collaboration with the Perak State Forestry Department, the company visited a concession area in Perak to learn the method of logging in blocks to better preservation of the forest. In addition, the company has also entered into a partnership with Forest Research Institute Malaysia (FRIM) for the protection and restoration of HCVFs.

    • Y
      1 / 1

      9. Sustainability report published within last two years?

      Sustainability report is published within the 2020 annual report.

    • N
      0 / 1

      10. Reports through standardised reporting systems?

    • N
      0 / 1

      11. Climate risks assessment available?

    • N
      0 / 1

      12. Natural capital assessment available?

  • Landbank, maps and traceability Landbank, maps and traceability
    7.75 / 23 33.7%
    • Organisation: 6 / 18 33.3%
    • Policy: 1 / 2 50%
    • Practice: 0.8 / 3 25%
    • Self-reported: 0.8 / 3 25%
    • External: 0 / 3 0%
    • Certified: 0 / 3 0%
    • Y
      1 / 1

      13. Lists countries and operations?

      Malaysia (forest concessions, sawmills, plywood mill).

    • P
      0.5 / 1

      14. Lists countries sourcing from?

      The company reports that as of 31 December 2020, all 37 of Pesaka's vendors (sawmill unit) and service providers are local businesses. On the other hand, Pesama (sawmill and logging unit) engaged the services of 51 local suppliers and one foreign supplier. It is unclear if this information covers all operations of the company.

    • P
      0.5 / 1

      15. Total area of natural forest designated for wood/wood fibre production (ha)?

      129,143 - The company reports to manage timber for approximately 129,143 ha (108,900 ha at the Dungun Timber Complex (DTC) and 20,243 ha at Cherul Forest Concession (CFC)) of rich natural tropical rain forest (TRF) in Terengganu. Approximate figures are reported by the company. Data as of December 2020.

    • N
      0 / 1

      16. Total area of forest plantation (ha)?

      The company only states in its 2019 annual report that to ensure sustainable supply going forward, the group is embarking on a forest plantation initiative. As a start, approximately 2,800 hectares of the group's forest concession have been earmarked for forest plantation. A clear information on total area of forest plantation is not reported by the company.

    • N
      0 / 1

      17. Area of plantation/natural forest within outgrower schemes (ha)?

    • N
      0 / 1

      18. Unplanted (areas designated for future development as plantation forest) (ha)?

    • P
      0.5 / 1

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

      4,588 - The company reports that it has identified HCV forest with a total of 4,588 ha reserved as HCVF. However, it is unclear if this information covers all operations of the company.

    • N
      0 / 1

      20. Area of Intact Forest Landscape (ha)?

    • Y
      1 / 1

      21. Number of Forest Management Units (FMUs)?

      2 - The company reports to operate two FMUs under its subsidiary KPKKT- Cherul Forest Concession (CFC) and Dungun Timber Complex (DTC).

    • Y
      1 / 1

      22. Maps of forest management units (FMUs)?

      The company provides static maps of all FMUs on the subsidiary website and in the FM plans.

    • Y
      1 / 1

      23. Forest management plans available for all FMUs?

      Forest management plans are available for all FMUs of the company.

    • P
      0.75 / 1

      24. Monitoring of forest management plan implementation available?

      Monitoring of forest management plan implementation is available in the FM plans of the company FMUs, however, the information reported is not externally verified.

    • 25. Company has provided valid legal documents to Open Timber Portal on use right (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • 26. Company has provided valid legal documents to Open Timber Portal on forest management (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • 27. Company has provided valid legal documents to Open Timber Portal on timber harvesting (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      28. Names and locations of all third-party supplying FMUs?

    • P
      0.5 / 1

      29. Number of company owned sawmills?

      2 - The company discloses conflicting information, it states that it owns 2 sawmills and also reports 3 sawmills in its list of properties.

    • N
      0 / 1

      30. Names and locations of company owned sawmills?

    • 31. Number of company-owned pulp and paper mills?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 32. Names and locations of company-owned pulp and paper mills?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      33. Reports total volumes (or percentages) sourced by company-owned sawmills that come from company's own operations and third-parties?

    • 34. Reports total volumes (or percentages) sourced by company-owned pulp and paper mills that come from company's own operations and third-parties?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      35. Number of third party supplying mills?

    • N
      0 / 1

      36. Names and locations of all third party supplying mills?

    • N
      0 / 1

      37. Reports total volume (or percentages) sourced from third-party supplying mills that come from the supplying mills' own operations and third parties?

    • P
      0.5 / 1

      38. Procedures to trace raw materials to country of harvest?

      The company makes this commitment through the FSC Chain of Custody Certification Standard (FSC-STD-40-004 V3-1) and the PEFC International Chain of Custody Standard (PEFC ST 2002:2020). As the requirements of these certifications do not fully meet the SPOTT indicator criteria partial points have been awarded on the basis of the company's FSC/PEFC CoC certification.

    • N
      0 / 1

      39. Percentage of supply traceable to country of harvest?

    • P
      0.5 / 1

      40. Procedures to trace raw materials to FMU level?

      The company makes this commitment through the FSC Chain of Custody Certification Standard (FSC-STD-40-004 V3-1) and the PEFC International Chain of Custody Standard (PEFC ST 2002:2020). As the requirements of these certifications do not fully meet the SPOTT indicator criteria partial points have been awarded on the basis of the company's FSC/PEFC CoC certification.

    • N
      0 / 1

      41. Percentage of supply traceable to FMU level?

  • Certification standards Certification standards
    0 / 9 0%
    • Organisation: 0 / 0 0%
    • Policy: 0 / 4 0%
    • Practice: 0 / 5 0%
    • Self-reported: 0 / 5 0%
    • External: 0 / 5 0%
    • Certified: 0 / 5 0%
    • N
      0 / 1

      42. Time-bound plan for achieving 100% third-party legality verification of FMUs or achieved?

    • N
      0 / 1

      43. Percentage area (ha) verified as being in legal compliance by a third party?

      The FSC certificates of company's forest concessions-Kumpulan Pengurusan Kayu Kayan Trengganu Sdn Bhd. (KPKKT) and Pesama Timber Corporation Sdn. Berhad are now suspended/terminated.

    • N
      0 / 1

      44. Time-bound plan to source only wood/wood fibre that is in legal compliance verified by a third party?

      The company reports that sourcing of timber is mainly acquired from the group's own certified forests. In circumstances where it has to obtain products from an alternative source, the group uncompromisingly insists that supplies have, where applicable, the FSC forest management certification. However, a time-bound target is not reported by the company.

    • N
      0 / 1

      45. Percentage of all wood/wood fibre supply traded/processed verified as being in legal compliance by a third party?

    • N
      0 / 1

      46. Percentage area (ha) FSC FM certified?

      The company has FSC FM certification for CFC (20,243 ha) and DTC concessions ( 108,900 ha), however, the FSC certificates of these concessions are now terminated and suspended by FSC.

    • N
      0 / 1

      47. Time-bound plan for achieving 100% FSC FM certification of FMUs or achieved 100% FSC-certification of FMUs?

    • N
      0 / 1

      48. Percentage of wood/wood fibre supply (tonnes) from all suppliers that comes from FSC FM certified areas?

    • N
      0 / 1

      49. Commitment to source only wood/wood fibre that meets FSC Controlled Wood and/or PEFC Controlled Sources requirements?

    • N
      0 / 1

      50. Percentage area (ha) PEFC certified (excluding FSC certified area)?

  • Deforestation and biodiversity Deforestation and biodiversity
    5.25 / 25 21%
    • Organisation: 0 / 2 0%
    • Policy: 3.5 / 15 23.3%
    • Practice: 1.8 / 8 21.9%
    • Self-reported: 0.8 / 8 9.4%
    • External: 0 / 8 0%
    • Certified: 1 / 8 12.5%
    • N
      0 / 1

      51. Commitment to zero conversion of natural ecosystems?

    • N
      0 / 1

      52. Commitment to zero conversion of natural ecosystems applies to all suppliers?

    • Y
      1 / 1

      53. Commitment to zero deforestation?

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). Full points have therefore been awarded on the basis of the company's FSC certification/membership.

    • N
      0 / 1

      54. Commitment to zero deforestation applies to all suppliers?

    • P
      0.5 / 1

      55. Criteria and cut-off date for defining deforestation and/or ecosystem conversion?

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). As the policy requirements do not fully meet the SPOTT indicator criteria partial points have been awarded on the basis of the company's certification/membership.

    • N
      0 / 1

      56. Evidence of monitoring deforestation and/or ecosystem conversion?

    • N
      0 / 1

      57. Evidence of monitoring deforestation and/or ecosystem conversion in supplier operations?

    • N
      0 / 1

      58. Amount of deforestation and/or ecosystem conversion recorded in own operations since cut-off date?

    • N
      0 / 1

      59. Amount of deforestation and/or ecosystem conversion recorded in supplier operations since cut-off date?

    • N
      0 / 1

      60. Commitment to restoration of deforestation/conversion?

    • N
      0 / 1

      61. Commitment to restoration of deforestation/conversion applies to all suppliers?

    • N
      0 / 1

      62. Implementing a landscape or jurisdictional level approach?

    • N
      0 / 1

      63. Biodiversity policy?

    • N
      0 / 1

      64. Biodiversity policy applies to all suppliers?

    • P
      0.75 / 1

      65. Identified species of conservation concern, referencing international or national system of species classification?

      The company has identified species of conservation concern, referencing the IUCN Red List, CITES and the Wildlife Protection Act 2010. However, the information reported is not externally verified.

    • P
      0.5 / 2

      66. Examples of species and/or habitat conservation management?

      The company reports that in line with the requirements for habitat protection and restoration, it preserved 61 ha of HCVF in Jerangau, DTC. In addition, the company has also entered into a partnership with Forest Research Institute Malaysia (FRIM) for the protection and restoration of HCVFs. However, limited information is reported by the company.

    • P
      0.5 / 1

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

      The company reports that it has instituted a policy of no hunting inside its logging areas. The company also has a policy detailing SOPs for no hunting, fishing, trap installation and theft of rare or threatened species. However, a clear commitment to no hunting of all species is not reported by the company.

    • N
      0 / 1

      68. Commitment to no hunting or only sustainable hunting of species applies to all suppliers?

    • P
      0.5 / 1

      69. Commitment to protect forest areas from illegal activities?

      The company only reports commitment to forest protection whose aspect includes 'protection from encroachment'.

    • N
      0 / 1

      70. Commitment to protect forest areas from illegal activities applies to all suppliers?

    • P
      0.5 / 2

      71. Evidence of protecting forest areas from illegal activities?

      The company reports to protect its concessions from encroachment by installing gates/ berms that would reduce the potential for encroachment and wildlife harassment. These measures will be strengthened through regular patrols with the help rendered by the enforcement division of JPNT and relevant concerned authorities such as the police, army, PERHILITAN, etc. Limited information is reported by the company.

    • Y
      1 / 1

      72. Commitment to no use of genetically modified organisms?

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). Full points have therefore been awarded on the basis of the company's FSC certification/membership.

    • N
      0 / 1

      73. Commitment to no use of genetically modified organisms applies to all suppliers?

  • HCV, HCS and impact assessments HCV, HCS and impact assessments
    4 / 11 36.4%
    • Organisation: 0 / 0 0%
    • Policy: 2 / 6 33.3%
    • Practice: 2 / 5 40%
    • Self-reported: 2 / 5 40%
    • External: 0 / 5 0%
    • Certified: 0 / 5 0%
    • Y
      1 / 1

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

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). Full points have therefore been awarded on the basis of the company's FSC certification/membership. The company also reports its own commitment to conduct High Conservation Value (HCV) assessments.

    • N
      0 / 1

      75. Commitment to conduct High Conservation Value (HCV) assessments applies to all suppliers?

    • P
      0.75 / 1

      76. High Conservation Value (HCV) assessments available?

      The High Conservation Value (HCV) assessments are available for the company concessions, however, these are not externally verified.

    • P
      0.75 / 1

      77. High Conservation Value (HCV) management and monitoring plans available?

      High Conservation Value (HCV) management and monitoring plans are available for the company concessions, however, these are not externally verified.

    • N
      0 / 1

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

    • N
      0 / 1

      79. Commitment to the High Carbon Stock (HCS) Approach applies to all suppliers?

    • N
      0 / 1

      80. High Carbon Stock (HCS) assessments available?

    • N
      0 / 1

      81. Peer review of all High Carbon Stock (HCS) assessments undertaken since April 2015 by the HCSA Quality Assurance Process?

    • Y
      1 / 1

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

      The company commits to conduct social and environmental impact assessments.

    • N
      0 / 1

      83. Commitment to conduct social and environmental impact assessments (SEIAs) applies to all suppliers?

    • P
      0.5 / 1

      84. Social and environmental impact assessments (SEIAs) available, and associated management and monitoring plans?

      The social and environmental impact assessments (SEIAs) are available, however, the management and monitoring plans are only available for some FMUs of the company.

    • 85. Company has provided valid legal documents to Open Timber Portal on impact assessments (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

  • Soils, fire and GHG emissions Soils, fire and GHG emissions
    3.25 / 23 14.1%
    • Organisation: 0 / 5 0%
    • Policy: 2 / 10 20%
    • Practice: 1.3 / 8 15.6%
    • Self-reported: 0 / 8 0%
    • External: 0 / 8 0%
    • Certified: 1.3 / 8 15.6%
    • N
      0 / 1

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

    • N
      0 / 1

      87. Commitment to no planting on peat of any depth applies to all suppliers?

    • N
      0 / 1

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

    • N
      0 / 1

      89. Implementation of commitment to no planting on peat of any depth?

    • Y
      1 / 1

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

      The company commits to best management practices for soils and peat.

    • N
      0 / 1

      91. Commitment to best management practices for soils and peat applies to all suppliers?

    • N
      0 / 2

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

    • Y
      1 / 1

      93. Commitment to reduced impact logging?

      The company commits to Reduced Impact Logging (RIL) and specifically mentions minimising the impact of logging roads along with other RIL practices.

    • N
      0 / 1

      94. Commitment to reduced impact logging applies to all suppliers?

    • P
      0.75 / 2

      95. Evidence of implementing reduced impact logging practices?

      The company reports multiple examples of minimising impacts of logging roads and other reduced impact logging practices in its FM plan. However, the information reported is not externally verified.

    • N
      0 / 1

      96. Commitment to zero burning?

    • N
      0 / 1

      97. Commitment to zero burning applies to all suppliers?

    • P
      0.5 / 2

      98. Evidence of fire monitoring and management?

      The company only reports information on fire detection, prevention, and suppression.

    • N
      0 / 1

      99. Details/number of hotspots/fires in company FMUs?

    • N
      0 / 1

      100. Details/number of hotspots/fires in suppliers operations?

    • N
      0 / 1

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

    • N
      0 / 1

      102. GHG emissions intensity?

    • N
      0 / 1

      103. GHG emissions from land use change?

    • N
      0 / 1

      104. Progress towards commitment to reduce GHG emissions intensity?

    • N
      0 / 1

      105. Methodology used to calculate GHG emissions?

  • Water, chemical and pest management Water, chemical and pest management
    3 / 16 18.8%
    • Organisation: 0 / 1 0%
    • Policy: 1.5 / 7 21.4%
    • Practice: 1.5 / 8 18.8%
    • Self-reported: 1 / 8 12.5%
    • External: 0 / 8 0%
    • Certified: 0.5 / 8 6.3%
    • 106. Time-bound commitment to improve water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 107. Water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 108. Progress towards commitment on water use intensity?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 109. Time-bound commitment to improve water quality (BOD or COD)?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 110. Progress towards commitment on water quality (BOD or COD)?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • 111. Treatment of pulp and paper mill effluent?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • P
      0.5 / 1

      112. Evidence of sawmill run-off containment and wastewater treatment?

      The company only mentions wastewater treatment. No further details are reported.

    • 113. Proportion of processing facilities with closed-loop water treatment system?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • Y
      1 / 1

      114. Commitment to protect natural waterways through buffer zones?

      The company reports to "maintain buffer zones around rivers and streams" in concession areas.

    • P
      0.5 / 2

      115. Implementation of commitment to protect natural waterways through buffer zones?

      The company provides limited evidence that buffer or riparian zones are in place.

    • P
      0.5 / 1

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

      The company commits to minimise the use of chemicals but does not mention chemical fertilisers or pesticides.

    • N
      0 / 1

      117. Commitment to minimise the use of chemicals, including pesticides and chemical fertilisers, applies to all suppliers?

    • 118. Evidence of eliminating chlorine and chlorine compounds for bleaching?

      This indicator is disabled as the company reports that it does not own pulp or paper mills.

    • N
      0 / 1

      119. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides?

    • N
      0 / 1

      120. Commitment to no use of World Health Organisation (WHO) Class 1A and 1B pesticides applies to all suppliers?

    • N
      0 / 1

      121. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention?

    • N
      0 / 1

      122. Commitment to no use of chemicals listed under the Stockholm Convention and Rotterdam Convention applies to all suppliers?

    • N
      0 / 1

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

    • N
      0 / 2

      124. Implementation of commitment to reduce chemical usage?

    • N
      0 / 2

      125. Integrated Pest Management (IPM) approach?

    • P
      0.5 / 1

      126. Waste management system in place to avoid negative impacts?

      The company reports that its 'treatment and disposal of effluent and waste are in accordance with all relevant laws and regulations as part of efforts to control pollution and contamination of the natural environment'. However, the details of this system are not disclosed by the company.

  • Community, land and labour rights Community, land and labour rights
    15.5 / 37 41.9%
    • Organisation: 3.5 / 5 70%
    • Policy: 9.5 / 21 45.2%
    • Practice: 2.5 / 11 22.7%
    • Self-reported: 1.8 / 11 15.9%
    • External: 0 / 11 0%
    • Certified: 0.8 / 11 6.8%
    • Y
      1 / 1

      127. Commitment to human rights?

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). Full points have therefore been awarded on the basis of the company's FSC certification/membership. The company also reports its own commitment to the Universal Declaration of Human Rights.

    • N
      0 / 1

      128. Commitment to human rights applies to all suppliers?

    • N
      0 / 1

      129. Progress on human rights commitment ?

    • Y
      1 / 1

      130. Commitment to respect indigenous and local communities' rights?

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). Full points have therefore been awarded on the basis of the company's FSC certification/membership. The company also reports its own commitment to respect the individual rights of indigenous and local communities, however, the commitment is reported in relation to FPIC.

    • N
      0 / 1

      131. Commitment to indigenous and local communities' rights applies to all suppliers?

    • P
      0.5 / 1

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

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). As the policy requirements do not fully meet the SPOTT indicator criteria partial points have been awarded on the basis of the company's certification/membership. The company also reports its own commitment to respect legal and customary land tenure rights, however, the commitment is reported in relation to FPIC.

    • N
      0 / 1

      133. Commitment to legal and customary land rights applies to all suppliers?

    • Y
      1 / 1

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

      The company reports its commitment to free, prior and informed consent (FPIC).

    • N
      0 / 1

      135. Commitment to free, prior and informed consent (FPIC) applies to all suppliers?

    • N
      0 / 1

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

    • N
      0 / 1

      137. Examples of local stakeholder engagement to prevent conflicts?

    • Y
      1 / 1

      138. Details of process for addressing land conflicts available?

      The company has procedures in place for addressing land conflicts.

    • P
      0.5 / 1

      139. Supports the inclusion of women across forestry operations, including addressing barriers faced?

      The company reports limited information to support the inclusion of women across forestry operations. Also, information on addressing barriers faced is not reported by the company.

    • 140. Company has provided valid legal documents to Open Timber Portal on population rights (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      141. Commitment to enable sustainable use of non-timber forest products (NTFPs) by local communities?

    • Y
      1 / 1

      142. Commitment to provide essential community services and facilities ?

      The company reports that it shall contribute to maintaining or enhancing the social and economic well-being of local communities affected by operations.

    • N
      0 / 2

      143. Progress on commitment to provide essential community services and facilities?

    • Y
      1 / 1

      144. Commitment to provide business/work opportunities for local communities?

      The company reports that it has always given priority to local employment in order to ensure jobs are available to residents in regions where work can be sparse and hard to come by.

    • 145. Company has provided valid legal documents to Open Timber Portal on labour regulations (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • Y
      1 / 1

      146. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles?

      The company makes this commitment through the FSC Policy for Association (FSC-POL-01-004 V2-0). Full points have therefore been awarded on the basis of the company's FSC certification/membership. The company's own reporting only covers commitment to 'Freedom of Association, Right to Organise and Collective Bargaining, No Forced Labour, and Child Labour.

    • N
      0 / 1

      147. Commitment to Fundamental ILO Conventions or Free and Fair Labour Principles applies to all suppliers?

    • N
      0 / 2

      148. Progress on commitment to respect all workers' rights?

    • Y
      1 / 1

      149. Commitment to eliminate gender related discrimination with regards to employment?

      The company reports a commitment to maintain a non-discriminatory workplace with regard to gender and also has a gender equality policy in place.

    • N
      0 / 1

      150. Commitment to eliminate gender related discrimination with regards to employment applies to all suppliers?

    • P
      0.75 / 1

      151. Progress on commitment to eliminate gender related discrimination with regards to employment?

      The company has a procedure in place to deal with cases of sexual harassment at workplace. However, the information reported is not externally verified.

    • Y
      1 / 1

      152. Percentage or number of temporary employees?

      106 (24.82%) - The company reports that in 2020 it had 106 contract workers and a total workforce of 427.

    • Y
      1 / 1

      153. Percentage or number of women employees?

      132 (30.8%) - The company reports that 30.8% of the total workforce are women. Data as of December 2020.

    • P
      0.5 / 1

      154. Commitment to pay a living wage?

      The company states it pays "at least 1.5 times for entry-level employees compared with Malaysia's minimum monthly wage" and ensures other contract workers are "paid as per the minimum wage requirement". However, a commitment to pay living wage to all workers is not reported by the company.

    • N
      0 / 1

      155. Commitment to pay a living wage applies to all suplliers?

    • P
      0.5 / 1

      156. Progress on commitment to pay a living wage?

      1,754 - The company only reports the ratio of minimum wage to local minimum wage by country of operation. Evidence that all workers are paid a living wage is not reported by the company.

    • P
      0.5 / 1

      157. Reporting of salary by gender?

      1,750 - The company reports ratio of entry-level wages versus minimum wages for men and women. However, the information is not split as per the employee category or significant locations of operation in line with GRI reporting.

    • P
      0.5 / 1

      158. Commitment to address occupational health and safety?

      The company makes this commitment through the FSC Chain of Custody Certification Standard (FSC-STD-40-004 V3-1) and the PEFC International Chain of Custody Standard (PEFC ST 2002:2020). As the requirements of these certifications do not fully meet the SPOTT indicator criteria partial points have been awarded on the basis of the company's FSC/PEFC CoC certification. The company's own commitment to address health and safety, (by providing employee training) does not reference the ILO Code of Practice on Safety and Health in Forestry Work.

    • N
      0 / 1

      159. Commitment to address occupational health and safety applies to all suppliers?

    • P
      0.75 / 2

      160. Provision of personal protective equipment and related training?

      Limited, externally verified points have been awarded on the basis of the company's FSC Chain of Custody certification (FSC-STD-40-004 V3-1) as the requirements do not fully meet the SPOTT indicator criteria. The company also reports that all operators and workers who handle chemicals at its treatment plants undergo pre-employment and pre-placement medical examinations. In addition, its logging and sawmill workers are provided with personal protective equipment (PPE) and are trained to use the survival gear in the event of a mishap. However, the information reported is not externally verified.

    • N
      0 / 1

      161. Time lost due to work-based injuries?

    • Y
      1 / 1

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

      0 - The company reports zero deaths in 2020.

  • Smallholders and suppliers Smallholders and suppliers
    0.5 / 8 6.3%
    • Organisation: 0 / 0 0%
    • Policy: 0.5 / 4 12.5%
    • Practice: 0 / 4 0%
    • Self-reported: 0 / 4 0%
    • External: 0 / 4 0%
    • Certified: 0 / 4 0%
    • N
      0 / 1

      163. Commitment to support smallholders?

    • N
      0 / 1

      164. Programme to support outgrower scheme and/or independent smallholders?

    • N
      0 / 1

      165. Number or percentage of outgrower scheme and/or independent smallholders involved in programme?

    • N
      0 / 1

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

    • N
      0 / 1

      167. Number or percentage of suppliers assessed and/or engaged on compliance with company's policy and/or legal requirements?

    • P
      0.5 / 1

      168. Suspension or exclusion criteria for suppliers?

      The company makes this commitment through the FSC Chain of Custody Certification Standard (FSC-STD-40-004 V3-1). Partial points have been awarded as the requirements do not full meet the SPOTT scoring criteria.

    • N
      0 / 1

      169. Timebound action plans (including Key Performance Indicators) for suppliers to be in compliance with timber and pulp sourcing commitments?

    • N
      0 / 1

      170. Proportion of direct and indirect supply that comes from FMUs which are compliant with timber and pulp sourcing policies?

  • Governance and grievances Governance and grievances
    4.25 / 7 60.7%
    • Organisation: 0 / 0 0%
    • Policy: 3.5 / 5 70%
    • Practice: 0.8 / 2 37.5%
    • Self-reported: 0.8 / 2 37.5%
    • External: 0 / 2 0%
    • Certified: 0 / 2 0%
    • Y
      1 / 1

      171. Commitment to ethical conduct and prohibition of corruption?

      The company commits to ethical conduct and prohibition of corruption.

    • Y
      1 / 1

      172. Commitment to ethical conduct and prohibition of corruption applies to all suppliers?

      The company commits its suppliers to ethical conduct and prohibition of corruption.

    • P
      0.75 / 1

      173. Progress on commitment to ethical conduct and prohibition of corruption?

      The company reports that its board of directors are responsible for overseeing the establishment, maintenance and review company's anti-corruption and bribery policy. Internal audits are conducted to monitor and evaluate the performance, efficiency and effectiveness of the policy. Employees are trained on anti-bribery and corruption related policies. The company reports that it did not record any incidents of corrupt activities within the group or its subsidiary companies during the year 2020. However, the information reported is not externally verified.

    • 174. Company has provided valid legal documents to Open Timber Portal on legal registration (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • N
      0 / 1

      175. Disclosure of the company’s management approach to tax and payments to governments?

    • 176. Company has provided valid legal documents to Open Timber Portal on taxes, fees and royalties (at the time of SPOTT assessments)?

      This indicator is disabled as the company reports that it doesn't operate in a geography currently covered by Open Timber Portal.

    • Y
      1 / 1

      177. Whistleblowing procedure?

      The company reports its whistleblowing policy and procedure.

    • P
      0.5 / 1

      178. Own grievance or complaints system open to all stakeholders?

      The company makes this commitment through the FSC Chain of Custody Certification Standard (FSC-STD-40-004 V3-1) and the PEFC International Chain of Custody Standard (PEFC ST 2002:2020). As the requirements of these certifications do not fully meet the SPOTT indicator criteria partial points have been awarded on the basis of the company's FSC/PEFC CoC certification. The company's own reporting also mentions to have a grievance mechanism open to all stakeholders, however, the flow chart of grievances is only reported for local communities.

    • N
      0 / 1

      179. Details of complaints and grievances disclosed?

Media monitor: Golden Pharos

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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