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Overall approach6/10
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Overarching commitment on deforestation3/4
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Signatory to an initiative tackling deforestation1/1
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Awareness of the value of forests1/1
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Deforestation as a business risk1/1
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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 change0/1
-
Reporting on emissions from land-use change0/1
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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 score50/90
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Palm oil50/90
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Commitment Strength14/17
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Commitment to protect priority forests7/9.5
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Commitment detailsZero-gross deforestation4/6
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Commitment applies to all regions, suppliers and operationYes2/2
-
Target datePast target date, not updated or not achieved0/1
-
Interim target dateYes0.5/0.5
-
-
Commitment to a traceable supply chain7/7.5
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Commitment detailsTraces to Point of production4/4
-
Commitment applies to all regions, suppliers and operationYes2/2
-
Target date20250.8/1
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Interim target dateNA (target date current or achieved or 2023)0.5/0.5
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-
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Associated Human Rights Abuses12/17
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Labour rights in the supply chainYes3/3
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Inclusion of small-scale farmersYes2/2
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Gender equality in the supply chainNo commitment0/2
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Commitment to remediationYes1/1
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Commitment to ensure Free, Prior and Informed ConsentYes, and commits to not proceeding with these operations unless consent has been given by Indigenous peoples and local communities3/3
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Commitment to resolve land conflictsYes3/3
-
Zero-tolerance approach to violence and threatsNo0/3
-
-
Implementation and Reporting25/56
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Reporting volumes against commitments1-49%2/3
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Reporting is independently verifiedNo0/2
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Suppliers aligned with deforestation commitments across supply chainYes, encouraged0/3
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Deforestation cut off dateNo0/2
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Collaborative actionsNo0/2
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Jurisdictional approach focused on sustainable land useNo0/2
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Risk assessments for forest riskYes2/2
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Operations assessed to comply with lawYes2/2
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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 volume3/3
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Upstream: Monitor compliance with human rightsNo0/5
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Compliance of company-owned operationsNo0/5
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Upstream: Impact assessments for land development/acquisitionYes4/4
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Upstream: Reporting production/processing locationsReports location of un-certified land holdings1/4
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Upstream: Monitor compliance of production/processingYes, using a third-party verification system4/4
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Upstream: Reporting hectares of deforestationNo0/4
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-
-
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Commitment strength14/17
-
Implementation and Reporting25/56
-
Associated Human Rights Abuses12/17
Profile
The Société Financière des Caoutchoucs (SOCFIN) is an agribusiness group active in the cultivation, processing and trading of palm oil. Its business is located in Africa and Asia, with plantations in Sierra Leone, the Ivory Coast, Nigeria, Cameroon, the Democratic Republic of Congo, Ghana, São Tomé and Indonesia. Socfin Group 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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