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Overall approach6/12
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Overarching commitment on deforestation3/4
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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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Deforestation as a business risk0/1
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High-level management of deforestion0/1
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Executive compensation linked to deforestation
-
Target to reduce emissions from land-use change0/2
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Reporting on emissions from land-use change2/2
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Disclosure of conservation activity
-
Disclosure of reforestation activity
-
Target to reduce emissions in scope 1/2
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Commodity score55/88
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Palm oil55/88
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Commitment Strength18/20
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Commitment to protect priority forests6/8
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Commitment detailsZero-gross deforestation4/6
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Commitment applies to all regions, suppliers and operationYes1.3/1.3
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Target dateCurrent/achieved0.7/0.7
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Interim target dateNA (target date current or achieved or 2022)0.3/0.3
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Commitment to protect High Carbon Stock areas and/or peatlands5/5
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Commitment detailsYes3/3
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Commitment applies to all regions, suppliers and operationYes1.3/1.3
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Target dateCurrent/achieved0.7/0.7
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Interim target dateNA (target date current or achieved or 2022)0.3/0.3
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Commitment to a traceable supply chain6/6
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Commitment detailsTraces to Point of production4/4
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Commitment applies to all regions, suppliers and operationYes1.3/1.3
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Target date20230.5/0.7
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Interim target dateNo0/0.3
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-
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Social Considerations13/18
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Labour rights in the supply chainYes4/4
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Inclusion of small-scale farmersYes4/4
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Gender equality in the supply chainCommitment to address gender related labour rights including discrimination and harassment1/4
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Commitment to remediationNo0/2
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Commitment to ensure Free, Prior and Informed ConsentYes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions4/4
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Commitment to resolve land conflictsNo
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Reporting and Implementation25/50
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Reporting against commitments1/2
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Commitment to protect priority forestsYes, for all commodity exposure1.7/1.7
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Commitment to protect High Carbon Stock areas and/or peatlandsYes, for partial or unclear commodity exposure0.8/1.7
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Commitment to a traceable supply chainYes, for all commodity exposure1.7/1.7
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Reporting is independently verified0/1
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Commitment to protect priority forestsYes, using a third-party verification scheme or certification scheme.1/1
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Commitment to protect High Carbon Stock areas and/or peatlandsYes, using a third-party verification scheme or certification scheme.1/1
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Commitment to a traceable supply chainNo0/1
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Suppliers aligned with deforestation commitments across supply chainNo0/2
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Deforestation cut off dateNo0/2
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Collaborative actionsYes2/2
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Risk assessments for forest riskYes2/2
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Operations assessed to comply with lawNo0/2
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Accessible grievance mechanismYes, and published details of any grievances within the last two years (2019-2021)4/4
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Report volumes of commodityReporting total volume2/2
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Report verified volumes of commodity1-49%2/6
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Upstream: Monitor compliance with human rightsYes, commit to monitoring compliance with labour/worker rights2/4
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Upstream: Impact assessments for land development/acquisitionYes4/4
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Upstream: Reporting production/processing locationsReports location of company-owned processing facilities1/4
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Downstream: Publishing supplier listsYes, report direct suppliers; Yes, report indirect suppliers4/4
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Upstream: Monitor compliance of production/processingNo0/4
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Upstream: Reporting hectares of deforestationNo0/4
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Downstream: Monitor compliance in supply chainNo0/4
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Downstream: Reporting hectares of deforestationNo0/4
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Downstream: Engagement with non-compliant suppliersNo engagement or exclusion0/2
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Downstream: Disclosure of non-compliant suppliersNo disclosure0/2
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-
-
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Commitment strength18/20
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Reporting and Implementation25/50
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Social considerations13/18
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.
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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