Genting Bhd.

Overall approach

6/12
- Overarching commitment on deforestation
  
  3/4
  
  Zero deforestation/Deforestation-free commitment or, for timber, pulp & paper companies only, commitment to well implemented harvest and no deforestation of HCV & HCS areas
  
  3/4
  
  "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS".
  
  Open source document
- Signatory to an initiative tackling deforestation
  
  0/1
- Awareness of the value of forests
  
  1/1
  
  Yes
  
  1/1
  
  "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS".
  
  Open source document
- Deforestation as a business risk
  
  0/1
- High-level management of deforestion
  
  0/1
- Executive compensation linked to deforestation
- Target to reduce emissions from land-use change
  
  0/2
- Reporting on emissions from land-use change
  
  2/2
  
  Yes
  
  2/2
  
  Which method is used to calculate the GHG emissions arising from land use change?: Genting use the calculation methodology guided by the EU Renewable Energy Directive.
  
  What is the total volume of GHG emissions arising from land use change?: 5,658.9 including land use change
  
  "The oil palm industry today is greatly scrutinised, and assumed to be one of the greatest contributors to global warming through land use change. This necessitates a change in the business structure for palm oil, in the face of demands to monitor and reduce carbon dioxide (CO2) emissions, especially those through land use changes (“LUC”)." Report contains graphs displaying Total GHG emissions, Emissions by Operating Units, and GHG Intensity by Operating Unit (all for 2019).
  
  Open source document
- Disclosure of conservation activity
- Disclosure of reforestation activity
  
  Yes
  
  0/0
  
  How many hectares of reforestation or restoration are being or have been conducted or facilitated by the company?: 128.13 ha
  
  "GENP was a pioneer in creating a wildlife corridor inside an oil palm plantation. In 1999, in the then Asiatic Tenegang Group of Estates, Sabah, 83.63 hectares of riparian reserves was enriched with more than 23,000 native tree species. In continuation of this spirit, and support for biodiversity conservation in the Kinabatangan River Basin in Sabah, the Group in 2019 had set aside a further 44.5 hectares of oil palm plantation land in Sabah to serve as a wildlife corridor connecting two fragmented areas [...] This conduit contributed by the Company enables wildlife to proliferate and move freely along the river banks and the forest reserves to fulfil the vision to establish 450 acres of riverine conservation forest.""Reforestation of the wildlife corridor: Native tree seedling nurseries are established by the local communities at Sukau Village."
  
  Open source document
- Target to reduce emissions in scope 1/2
Commodity score

55/88
- Palm oil
  
  55/88
  - Commitment Strength
    
    18/20
    - Commitment to protect priority forests
      
      6/8
      - Commitment details
        Zero-gross deforestation
        
        4/6
        
        Commitment to protect priority forests
        
        Zero-gross deforestation
        
        4/6
        
        Which certification schemes are used?: RSPO
        
        "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS". "The Group conducts comprehensive due diligence for new land acquisitions. The Group adheres to RSPO P&C 2018 (7.12 and Annex 5) for all existing uncertified estates in Indonesia with new land clearing and expansion"
        
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        1.3/1.3
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        1.3/1.3
        
        "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS". "The Group conducts comprehensive due diligence for new land acquisitions. The Group adheres to RSPO P&C 2018 (7.12 and Annex 5) for all existing uncertified estates in Indonesia with new land clearing and expansion"
        
        Open source document
      - Target date
        Current/achieved
        
        0.7/0.7
        
        Target date
        
        Current/achieved
        
        0.7/0.7
        
        "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS". "The Group conducts comprehensive due diligence for new land acquisitions. The Group adheres to RSPO P&C 2018 (7.12 and Annex 5) for all existing uncertified estates in Indonesia with new land clearing and expansion"
        
        Open source document
      - Interim target date
        NA (target date current or achieved or 2022)
        
        0.3/0.3
        
        Interim target date
        
        NA (target date current or achieved or 2022)
        
        0.3/0.3
        
        "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS". "The Group conducts comprehensive due diligence for new land acquisitions. The Group adheres to RSPO P&C 2018 (7.12 and Annex 5) for all existing uncertified estates in Indonesia with new land clearing and expansion"
        
        Open source document
    - Commitment to protect High Carbon Stock areas and/or peatlands
      
      5/5
      - Commitment details
        Yes
        
        3/3
        
        Commitment to protect High Carbon Stock areas and/or peatlands
        
        Yes
        
        3/3
        
        Type of commitment: HCS; Peat
        
        "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS".
        
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        1.3/1.3
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        1.3/1.3
        
        "This Code applies to all Genting Plantations� workforce and directors also needs to be observed by current and potential customers, competitors, suppliers, contractors, distributors, business contacts/partners, agents, advisers, regulators, government, public bodies and officials, shareholders, investors, and the communities where we operate in." "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS".xpansion. No deforestation of HCS has taken place in Malaysia since January 2008."
        
        Open source document
      - Target date
        Current/achieved
        
        0.7/0.7
        
        Target date
        
        Current/achieved
        
        0.7/0.7
        
        "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS".
        
        Open source document
      - Interim target date
        NA (target date current or achieved or 2022)
        
        0.3/0.3
        
        Interim target date
        
        NA (target date current or achieved or 2022)
        
        0.3/0.3
        
        "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria [...] No deforestation and development of protected areas, peat lands of any depth, HCV, and HCS".
        
        Open source document
    - Commitment to a traceable supply chain
      
      6/6
      - Commitment details
        Traces to Point of production
        
        4/4
        
        Commitment to a traceable supply chain
        
        Traces to Point of production
        
        4/4
        
        "We aim towards building a fully traceable and transparent supply chain whereby our products can be traced back to its source, mainly to the palm oil mills and we are taking steps to achieve greater traceability further up to the estates and smallholder level. This commitment thus ensures greater transparency of our supply chain. Level of traceability is dependent on our ability to identify the parent company, the oil mill name, the oil mill coordinates, oil mill certification status and its FFB supply bases. The Group sets a target of the year 2023 to establish a fully traceable supply chain up to plantation level."
        
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        1.3/1.3
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        1.3/1.3
        
        "We aim towards building a fully traceable and transparent supply chain whereby our products can be traced back to its source, mainly to the palm oil mills and we are taking steps to achieve greater traceability further up to the estates and smallholder level. This commitment thus ensures greater transparency of our supply chain. Level of traceability is dependent on our ability to identify the parent company, the oil mill name, the oil mill coordinates, oil mill certification status and its FFB supply bases. The Group sets a target of the year 2023 to establish a fully traceable supply chain up to plantation level."
        
        Open source document
      - Target date
        2023
        
        0.5/0.7
        
        Target date
        
        2023
        
        0.5/0.7
        
        "We aim towards building a fully traceable and transparent supply chain whereby our products can be traced back to its source, mainly to the palm oil mills and we are taking steps to achieve greater traceability further up to the estates and smallholder level. This commitment thus ensures greater transparency of our supply chain. Level of traceability is dependent on our ability to identify the parent company, the oil mill name, the oil mill coordinates, oil mill certification status and its FFB supply bases. The Group sets a target of the year 2023 to establish a fully traceable supply chain up to plantation level."
        
        Open source document
      - Interim target date
        No
        
        0/0.3
  - Social Considerations
    
    13/18
    - Labour rights in the supply chain
      Yes
      
      4/4
      
      Labour rights in the supply chain
      
      Yes
      
      4/4
      
      Details of commitment: ILO; Discrimination; Forced labour; Child labour; Freedom of association
      
      Genting Bhd. commit themselves and their contractors to ensure their workers have the right to freedom of association, and are free from discrimination, forced labour, and child labour.
      
      Open source document
    - Inclusion of small-scale farmers
      Yes
      
      4/4
      
      Inclusion of small-scale farmers
      
      Yes
      
      4/4
      
      What is the nature of that support?: Technical assistance/support
      
      Genting states that - "Where possible, the Group will support smallholders inclusion in sustainable palm oil chains. Among the programmes implemented to improve the livelihoods of the smallholders that supply to our mills are capacity building to enhance productivity, quality and other support mechanisms such as assistance in procuring agrochemicals. To date, we have allocated about 15,854 hectares of the Group’s planted area in Indonesia for plasma schemes of which 2,902 hectares have been RSPO certified. [...] The Group targets to achieve full certification our plasma scheme smallholders by the year 2026."
      
      Open source document
    - Gender equality in the supply chain
      Commitment to address gender related labour rights including discrimination and harassment
      
      1/4
      
      Gender equality in the supply chain
      
      Commitment to address gender related labour rights including discrimination and harassment
      
      1/4
      
      "Sexual Harassment Policy: Genting Plantations has a sexual harassment policy in place which has to be observed by all our workforce, contractors and suppliers. This policy encourages harassment free environment and avoidance of behaviour that may create an atmosphere of hostility and intimidation of any kind at the workplace. No one should be subjected to any form of sexual harassment while carrying out their duties."
      
      Open source document
    - Commitment to remediation
      No
      
      0/2
    - Commitment to ensure Free, Prior and Informed Consent
      Yes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions
      
      4/4
      
      Commitment to ensure Free, Prior and Informed Consent
      
      Yes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions
      
      4/4
      
      "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria: [...] All new plantation development are subjected to: a. Free, Prior Informed Consent (“FPIC”) Approach"
      
      Open source document
    - Commitment to resolve land conflicts
      No
  - Reporting and Implementation
    
    25/50
    - Reporting against commitments
      
      1/2
      - Commitment to protect priority forests
        Yes, for all commodity exposure
        
        1.7/1.7
        
        Commitment to protect priority forests
        
        Yes, for all commodity exposure
        
        1.7/1.7
        
        In 2020, ACOP Genting stated that 93,594 tonnes of palm oil produced was RSPO certified
        
        Open source document
      - Commitment to protect High Carbon Stock areas and/or peatlands
        Yes, for partial or unclear commodity exposure
        
        0.8/1.7
        
        Commitment to protect High Carbon Stock areas and/or peatlands
        
        Yes, for partial or unclear commodity exposure
        
        0.8/1.7
        
        "Current status: The Group adheres to RSPO P&C 2018 (7.12 and Annex 5) for all existing uncertified estates in Indonesia with new land clearing and expansion. No deforestation of HCS has taken place in Malaysia since January 2008."
        
        Open source document
      - Commitment to a traceable supply chain
        Yes, for all commodity exposure
        
        1.7/1.7
        
        Commitment to a traceable supply chain
        
        Yes, for all commodity exposure
        
        1.7/1.7
        
        "TRACEABILITY [...] 100% To Oil Mills [...] 90% To Plantations"
        
        Open source document
    - Reporting is independently verified
      
      0/1
      - Commitment to protect priority forests
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Commitment to protect priority forests
        
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Which tools, approaches, third-party verification, including certification, schemes are used?: RSPO
        
        Which processes or groups does the company use for third party verification?: RSPO
        
        In 2020, ACOP Genting stated that 93,594 tonnes of palm oil produced was RSPO certified
        
        Open source document
      - Commitment to protect High Carbon Stock areas and/or peatlands
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Commitment to protect High Carbon Stock areas and/or peatlands
        
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Which processes or groups does the company use for third party verification?: RSPO certification
        
        Which tools, approaches, third-party verification, including certification, schemes are used?: RSPO certification
        
        Genting has an updated RSPO report for 2020, covering peatland and HCV reporting
        
        Open source document
      - Commitment to a traceable supply chain
        No
        
        0/1
    - Suppliers aligned with deforestation commitments across supply chain
      No
      
      0/2
    - Deforestation cut off date
      No
      
      0/2
    - Collaborative actions
      Yes
      
      2/2
      
      Collaborative actions
      
      Yes
      
      2/2
      
      What initiatives does the company participate in?: WWF on the River of Life programme, the Sabah Wildlife Department on the Lower Kinabatangan Wildlife Corridor, Tropenbos on the Green Livelihood Alliance and Biotechnology Postgraduate Training Programme (“BPTP”).
      
      What is the nature of that participation?: Providing support/advice/experience/expertise; Providing financial support
      
      Genting partners with multiple organisations on conservation in or around their operations. This includes partnering with WWF on the River of Life programme, the Sabah Wildlife Department on the Lower Kinabatangan Wildlife Corridor, and Tropenbos on the Green Livelihood Alliance.; "Genting Plantations’ Biotechnology Division established a post-graduate programme for the training of scientists since 2011 in line with the division’s vision to be a leading innovator in the genomics industry. The division has a young and dynamic workforce and one of the objectives of the postgraduate programme is for retention of innovative scientists within the company. The programme also aids in establishing collaborations with academia."
      
      Open source document
    - Risk assessments for forest risk
      Yes
      
      2/2
      
      Risk assessments for forest risk
      
      Yes
      
      2/2
      
      How frequently are assessments conducted?: Not disclosed
      
      "All new plantation development are subjected to:[...] HCV Assessment, HCS Assessment"
      
      Open source document
    - Operations assessed to comply with law
      No
      
      0/2
    - Accessible grievance mechanism
      Yes, and published details of any grievances within the last two years (2019-2021)
      
      4/4
      
      Accessible grievance mechanism
      
      Yes, and published details of any grievances within the last two years (2019-2021)
      
      4/4
      
      "To uphold the highest possible standards of ethical, moral and legal business conduct, we have established complaints and grievance mechanisms as well as a whistle blowing channel made available to our workforce and stakeholders. These guided channels would enable anyone to raise genuine concerns regarding actual or suspected unethical, unlawful, illegal, wrongful or other improper conduct and also sets out the process for anyone to report. "
      
      Open source document
    - Report volumes of commodity
      Reporting total volume
      
      2/2
      
      Report volumes of commodity
      
      Reporting total volume
      
      2/2
      
      Total/partial volume reported: 512582.0 tonnes
      
      Total: 512582.0 tonnes"
      
      Open source document
    - Report verified volumes of commodity
      1-49%
      
      2/6
      
      Report verified volumes of commodity
      
      1-49%
      
      2/6
      
      What third-party verification is used?: RSPO
      
      What is the non-certified/non-compliant volume?: 418,988 tonnes
      
      For what percent of the company's supply volume is third-party verification of performance relative to commitments conducted?: 18%
      
      What is the certified volume?: 93594.0 tonnes
      
      What is the compliant volume?: 93594.0 tonnes
      
      "CSPO sold as RSPO-certified [...] 93594.0 tonnes, Total [...] 512582.0 tonnes"
      
      Open source document
    - Upstream: Monitor compliance with human rights
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      Upstream: Monitor compliance with human rights
      
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      "The respect for human rights is incorporated into our agenda, policies and procedures. As a proactive business committed to human rights, we encourage all our operating units to conduct regular consultation and communication with its stakeholders and observe utmost respect to the stakeholders’ human rights and privileges; ensuring detrimental Community effects of our business are mitigated, addressed and resolved in an orderly, mutual manner. The Group periodically conducts Social Impact Assessments (“SIA”) at all operating units to identify positive and/or negative impacts towards all our stakeholders and gain feedback for improvements."
      
      Open source document
    - Upstream: Impact assessments for land development/acquisition
      Yes
      
      4/4
      
      Upstream: Impact assessments for land development/acquisition
      
      Yes
      
      4/4
      
      How does the company remedy adverse social and environmental impacts linked to their operations and/or supply chains?: Through addressing concerns raised - example - "A stop work order on new land clearing was placed on 1 May 2019 for PT CSC pending completion of the HCS assessments and review process."
      
      "The Group’s oil palm development standard operating procedures are harmonised with the local legal requirements and applicable sustainability standards requirements which includes but not limited to the following criteria: Independent Social and Environmental Impact Assessment (“SEIA”"
      
      Open source document
    - Upstream: Reporting production/processing locations
      Reports location of company-owned processing facilities
      
      1/4
      
      Upstream: Reporting production/processing locations
      
      Reports location of company-owned processing facilities
      
      1/4
      
      From what sub-national jurisdiction(s) does the company source material?: Kalimantan
      
      In what jurisdiction(s)/subnational region does the company operate and/or source material?: Kalimantan
      
      What is the total land area owned, managed, or controlled by the company for the forest risk commodity?: 242,541 hectares
      
      For what percent are point locations (of certified land holdings) disclosed?: 100%
      
      What is the total area in production (in ha)?: 148,542 ha
      
      What types of ecosystems are these?: HCV
      
      In what country(ies) does the company operate and/or source material?: Indonesia and Malaysia
      
      What is the total area of land (in ha) that is available for future production, e.g. concessions?: 48,932 hectares
      
      Genting disclose the point locations of their land holdings and company-owned processing facilities in Indonesia and Malaysia.
      
      Open source document
    - Downstream: Publishing supplier lists
      Yes, report direct suppliers; Yes, report indirect suppliers
      
      4/4
      
      Downstream: Publishing supplier lists
      
      Yes, report direct suppliers; Yes, report indirect suppliers
      
      4/4
      
      From what country(ies) does the company source material?: Indonesia, Malaysia
      
      What is the volume of the forest risk commodity that the company sourced in the previous year from each national or sub-national location?: 2.82MT
      
      Does the company disclose location of suppliers' production areas or primary processing sites?: yes
      
      For what percent is no location data disclosed?: 0%
      
      For what percent of smallholder suppliers is location disclosed?: 100%
      
      For what percent of suppliers' production areas are point locations disclosed?: 100%
      
      For what percent are boundaries disclosed?: 0%
      
      Genting Berhad provide a map and a list of their suppliers in their 2019 sustainability report.
      
      Open source document
    - Upstream: Monitor compliance of production/processing
      No
      
      0/4
      
      Upstream: Monitor compliance of production/processing
      
      No
      
      0/4
      
      Does the company use a jurisdictional monitoring mechanism?: No
    - Upstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Monitor compliance in supply chain
      No
      
      0/4
    - Downstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Engagement with non-compliant suppliers
      No engagement or exclusion
      
      0/2
    - Downstream: Disclosure of non-compliant suppliers
      No disclosure
      
      0/2
Commitment strength

18/20

Avg. score
Reporting and Implementation

25/50

Avg. score
Social considerations

13/18

Avg. score

Profile

Genting is a large investment and management company with major operations in hospitality, energy, and palm oil, especially in palm oil processing. It owns several processing facilities and claim to be one of the leading and lowest cost palm oil producers in Malaysia. Genting Bhd. is selected as a powerbroker for palm oil.

Sector

Industry sector

Agri commodities, Agriculture

Segments

Producer, Manufacturer

Malaysia

Company Type

Company type

Public listed

Collective Commitments

Consumer Goods Forum member

New York Declaration on Forests signatory

How we assess the Forest 500

To ensure deforestation free supply chains, companies need to adopt and implement timebound and measurable policies for forest risk commodities.

All assessments use policies published on company websites, some links may have changed or been removed since the time of assessment.

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Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.

genting_berhad.jpg

Genting Bhd.

Total

Score:

Total score:

61%

Profile

How we assess the Forest 500

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genting_berhad.jpg

Genting Bhd.

Total

Score:

Total score: 61%

Profile

How we assess the Forest 500

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Total score:

61%