-
Overall approach1/14
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Overarching commitment on deforestation0/6
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Signatory to an initiative tackling deforestation0/1
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Awareness of the value of forests1/1
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Target to reduce emissions from land-use change0/3
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Reporting on emissions from land-use change0/3
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Commodity score49/86
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Palm oil49/86
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Commitment Strength27/36
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Commitment to protect priority forests13/15
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Commitment detailsForest-related commitment6/8
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Commitment applies to all sourcing regionsYes1/1
-
Commitment applies to all operationsYes1/1
-
Commitment applies to all direct suppliersYes1/1
-
Commitment applies to all indirect suppliersYes1/1
-
Target dateCurrent1.3/1.3
-
Target is quantifiableYes1.3/1.3
-
-
Commitment to protect High Carbon Stock areas and/or peatlands9/11
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Commitment detailsYes4/4
-
Commitment applies to all sourcing regionsYes1/1
-
Commitment applies to all operationsYes1/1
-
Commitment applies to all direct suppliersNo0/1
-
Commitment applies to all indirect suppliersNo0/1
-
Target dateCurrent1.3/1.3
-
Target is quantifiableYes1.3/1.3
-
-
Commitment to a traceable supply chain6/11
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Commitment detailstraces to Point of production4/4
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Commitment applies to all sourcing regionsYes1/1
-
Commitment applies to all operationsYes1/1
-
Commitment applies to all direct suppliersNo0/1
-
Commitment applies to all indirect suppliersNo0/1
-
Target dateNo deadline0/1.3
-
Target is quantifiableNo0/1.3
-
-
-
Reporting and Implementation17/34
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Reporting against commitments4/6
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Commitment to protect priority forestsYes2/2
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Commitment to protect High Carbon Stock areas and/or peatlandsNo0/2
-
Commitment to a traceable supply chainYes2/2
-
-
Reporting is independently verified1/4
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Commitment to protect priority forestsYes1.3/1.3
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Commitment to protect High Carbon Stock areas and/or peatlandsNo0/1.3
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Commitment to a traceable supply chainNo0/1.3
-
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Deforestation cut off dateNo0/2
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Monitoring and verification of supplier complianceNo monitoring0/4
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Engagement with non-compliant suppliersNo engagement or exclusion0/4
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Publishing supplier listsDiscloses supplier list4/4
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Accessible grievance mechanismYes4/4
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Collaborative actionsNo0/2
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Report volumes of commodityFull4/4
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Social Considerations4/16
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Commitment to ensure Free, Prior and Informed ConsentYes4/4
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Labour rights in the supply chainNo0/4
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Gender equality in the supply chainNo commitment0/4
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Inclusion of small-scale farmersNo0/4
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-
-
-
Commitment strength27/36
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Reporting and Implementation17/34
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Social considerations4/16
Profile
Genting is a large investment and management company with major operations in hospitality, energy, and palm oil, especially in palm oil processing. The company’s landbank is one of the ten largest landbanks for palm oil globally, with about 240,000 hectares located in Malaysia and Indonesia as of 2015. It also owns several processing facilities with the capacity in 2015 to process more than 1.5 million fresh fruit bunches annually. Genting claims this makes them one of the leading and lowest cost palm oil producers in Malaysia.
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.
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