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Genting Plantations Bhd

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

  • Parent company:
    Genting Group
  • Landbank (oil palm)
    242,965 hectares
  • Market cap:
    1,093,900,000 USD
  • Thomson Reuters ticker:
    GENP.KL
  • Bloomberg ticker:
    GENP MK Equity
  • Sedol:
    6057680
  • LEI:
    No LEI
  • RSPO member?
    Yes - The company became a member in 2006, in April 2014, the company had its RSPO membership suspended. However, in September 2014, the company's membership status was reinstated.
  • Website:
  • Media Monitor
    • ZSL's SPOTT team monitors international media for news on assessed companies, collecting articles about pertinent activities. They don't confirm the accuracy of the media coverage, but it can be leveraged by SPOTT users to gain insights into a company's operations and possible risks. To access this company's media reports, scroll down or click here.

Company assessment: Genting Plantations Bhd – May 2016

Assessment date:

Total: 28.6% 16 / 56
  • RSPO reporting requirements RSPO reporting requirements
    4 / 15 26.7%
    • Y
      1 / 1

      1.1.. Is the company an RSPO member?

      Genting Plantations Berhad has been an RSPO member since 2006. In April 2014, Genting Plantations had their RSPO membership suspended. However, in September 2014 Genting Plantations' membership status was reinstated.

    • Y
      1 / 1

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

      Yes.

    • Y
      1 / 1

      1.3.1.. In the company's most recent and up-to-date RSPO ACOP report, does the company refer to itself as an oil palm grower?

      Yes, Genting Plantations refers to itself as an oil palm grower.

    • N
      0 / 1

      1.3.2.. In the company's most recent and up-to-date RSPO ACOP report, does the company state all the countries and regions in which it operates?

      No. Genting Plantations only states that it operates in the following countries and regions: Indonesia (West Kalimantan and Central Kalimantan), Malaysia (Johor, Kedah, Malacca, Perak, Sabah, Selangor). The company does not state that it operates in Sarawak, where it has a palm oil mill.

    • N
      0 / 1

      1.4.1.. Has the company RSPO-certified its first plantation estate: a) By November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007? b) Within three years of joining the RSPO or of acquiring plantation operations as an RSPO member?

      No. Genting joined the RSPO in 2004 and certified its first plantation estate in 2014. Genting has a time-bound plan to complete certification by 2020.

    • N
      -

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

      No. However, an original target of 2016 was extended to 2025 and then changed to 2020.

    • P
      1 / 4

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

      14.1 - 14.1% of Genting Plantation's plantation estates are RSPO-certified

      Calculation: 18,972.73 ha (total area RSPO-certified) divided by 134,828 ha (stated planted area) x 100.

    • N
      -

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

      Yes.

    • N
      0 / 1

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

      No. Genting certified its first plantation estates in 2014 and has a target to certify its independent FFB suppliers from 2017-2020 in Malaysia and 2019-2023 in Indonesia. Genting has a time-bound plan to complete certification of independent FFB suppliers by 2023.

    • N
      -

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

      No. However, an original target of 2018 was extended to 2025 and then changed to 2023.

    • N
      0 / 1

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

      No. Genting will start certification of its scheme smallholders from 2017-2023. Genting has a time-bound plan to complete certification of its scheme smallholders by 2023.

    • N
      -

      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 2025 and then changed to 2023.

    • N
      0 / 4

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

      0 - 0% of Genting Plantations' scheme smallholder plantations is RSPO-certified

      Calculation: 0 ha (total area RSPO-certified) divided by 8,363 ha (scheme smallholder hectarage) x 100.

    • N
      -

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

      Yes, Genting has the following open complaint filed through the RSPO complaints system:
      August 2013: Tanjung Bahagia Sdn Bhd (a subsidiary of Genting Plantations Bhd) has been accused by local communities, Forest Peoples Programme and Partners of Community Assosciations of lacking commitment to their set certification time-bound plans and violating multiple RSPO Principles & Criteria such as land acquisition, HCV areas and pollution.

  • Landbank and maps Landbank and maps
    4 / 6 66.7%
    • N
      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.

    • N
      0 / 1

      2.1.2.. Does this statement apply to all of the company's scheme smallholders and independent FFB suppliers?

      No information could be found using the research protocols.

    • Y
      1 / 1

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

      216742.39 - Yes, landbank for oil palm cultivation is 216,742.39 ha.

    • Y
      1 / 1

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

      134828 - Yes, planted area is 134,828 ha.

    • Y
      1 / 1

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

      8363 - Yes, scheme smallholder hectarage is 8,363 ha.

    • Y
      1 / 1

      2.2.4.. Has the company publicly disclosed its total area of land managed for conservation that is set aside (i.e. including areas of High Conservation Value)?

      15480.61 - Yes, landbank for conservation is 15,480.61 ha.

    • N

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

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

    • N

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

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

  • Environmental management Environmental management
    4 / 14 28.6%
    • N
      0 / 1

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

      No information could be found using the research protocols.

    • N
      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.

    • Y
      1 / 1

      3.2.1.. Does the company have a publicly available commitment to undertake Free, Prior and Informed Consent (FPIC) prior to any new planting taking place?

      Yes.

    • Y
      1 / 1

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

      The following Genting Plantations' subsidiaries which have a publicly available FPIC process are as follows:

      PT Dwie Warna Karya

      PT Globalindo Agung Lestari

      PT Kapuas Maju Jaya

      PT Susantri Permai

      PT Surya Agro Palma

      PT Citra Sawit Cemerlang

      PT Permata Sawit Mandiri

      PT Sawit Mitra Abadi

      PT Sepanjang Intisurya Mulia.

    • Y
      1 / 1

      3.3.1.. Does the company have a publicly available commitment to conduct SEIA (Social and Environmental Impact Assessments) assessments prior to any new planting taking place?

      Yes.

    • N
      0 / 1

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

      There is public availability of the following SEIA assessments:

      Peninsular Malaysia: No SEIA assessments could be found

      Sabah: No SEIA assessments could be found

      Central Kalimantan: PT Dwie Karya Utama, PT Globalindo Agung Lestari, PT Kapuas Maju Jaya and PT Susantri Permai

      West Kalimantan: PT Surya Agro Palma, PT Citra Sawit Cemerlang, PT Permata Sawit Mandiri, PT Sawit Mitra Abadi and PT Sepanjang Intisurya Mulia.

    • Y
      1 / 1

      3.4.1.. Does the company have a publicly available commitment to conduct High Conservation Value (HCV) assessments prior to any new planting taking place?

      Yes.

    • N
      0 / 1

      3.4.2.. Has the company publicly committed to only using licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?

      No information could be found using the research protocols.

    • N
      0 / 1

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

      There is public availability of the following HCV assessments:

      Peninsular Malaysia: No HCV assessments could be found

      Sabah: No HCV assessments could be found

      Central Kalimantan: PT Dwie Karya Utama, PT Globalindo Agung Lestari, PT Kapuas Maju Jaya and PT Susantri Permai

      West Kalimantan: PT Surya Agro Palma, PT Citra Sawit Cemerlang, PT Permata Sawit Mandiri, PT Sepanjang Intisurya Mulia and Sawit Mitra Abadi.

    • N
      0 / 1

      3.4.4.. Does the company make its High Conservation Value (HCV) management and monitoring plans for all of its estates publicly available?

      There is public availability of the following HCV management plans:

      Peninsular Malaysia: No HCV management plans could be found Sabah: No HCV management plans could be found

      Sabah: No HCV management plans could be found

      Central Kalimantan: PT Dwie Warna Karya, PT Globalindo Agung Lestari, PT Kapuas Maju Jaya and PT Susantri Permai

      West Kalimantan: PT Surya Agro Palma, PT Citra Sawit Cemerlang, PT Permata Sawit Mandiri, Sawit Mitra Abadi and PT Sepanjang Intisurya Mulia.

    • N
      0 / 1

      3.5.. Has the company publicly committed to applying a High Carbon Stock (HCS) methodology to all of its landholdings and not developing on HCS areas?

      No information could be found using the research protocols.

    • N
      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.

    • N
      0 / 1

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

      No. Genting Plantations only states that it "favours an integrated pest management approach", but no further details are given.

    • N
      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 information could be found using the research protocols.

    • N
      -

      3.9.. Has the company been mentioned in any relevant media stories and/or reports that make reference to wildlife conflict or deforestation within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?

      Please find the relevant media stories listed in the media monitor below.

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

      4.1.1.. Does the company have a publicly available statement stating that it is committed to a strict 'no new development on peat' policy?

      Yes. Genting Plantations avoids future peat plantings.

    • N
      0 / 1

      4.1.2.. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      No information could be found using the research protocols.

    • N
      -

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

      No information could be found using the research protocols.

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

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

      Yes.

    • N
      0 / 1

      5.1.2.. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      No information could be found using the research protocols.

    • N
      -

      5.2.. Has the company been mentioned in any relevant media stories and/or reports that make reference to fires found within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?

      Please find the relevant media stories listed in the media monitor below.

  • Greenhouse gas emissions Greenhouse gas emissions
    0 / 6 0%
    • N
      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.

    • N
      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.

    • N
      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.

    • N
      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.

    • N
      0 / 1

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

      No information could be found using the research protocols.

    • N
      0 / 1

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

      No information could be found using the research protocols.

  • Traceability Traceability
    2 / 11 18.2%
    • N

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

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

    • P
      1 / 4

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

      22.20 - 22.20% of Genting Plantations' palm oil mills are RSPO-certified

      Calculation: 2 (stated number of palm oil mills RSPO-certified) divided by 9 palm oil mills (stated number of palm oil mills operated) x 100.

    • N
      0 / 4

      7.3.. What percentage of the company's total fresh fruit bunches (FFBs) purchased from independent suppliers (not including outgrowers and scheme smallholders) is RSPO-certified?

      0 - 0% of the company's independently sourced FFB is RSPO-certified

      Calculation: 0 (tonnes RSPO-certified) divided by 323,617 (total tonnes of independently sourced FFB) x 100.

    • N
      0 / 1

      7.4.. Does the company have a public commitment to move towards Segregated and/or Identity Preserved certified sustainable palm oil (CSPO)?

      No information could be found using the research protocols.

    • P
      1 / 2

      7.5.. Does the company prioritize certified sustainable palm oil (CSPO) from Segregated or Identity Preserved supply chain models over Mass Balance or GreenPalm?

      Mass Balance, Identity Preserved.

Media monitor: Genting Plantations 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 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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