Download data

Powerbroker for

Select an assessment year:

  • Overall approach
    6/14
    • Overarching commitment on deforestation
      4/6
      Deforestation commitment
      Deforestation-Free
      4/6
      “The responsible management policy also comprises an indispensable commitment to implementing a zero deforestation policy, following the HCS “High Carbon Stock” approach.”
    • Signatory to an initiative tackling deforestation
      1/1
      Signatory
      Yes
      1/1
      Socfin Group are a member of the Palm Oil Innovation Group.
    • Awareness of the value of forests
      1/1
      Awareness
      Yes
      1/1
      “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
    • Target to reduce emissions from land-use change
      0/3
    • Reporting on emissions from land-use change
      0/3
  • Commodity score
    53/86
    • Palm oil
      53/86
      • Commitment Strength
        28/36
        • Commitment to protect priority forests
          10/15
          • Commitment details
            Forest-related commitment
            6/8
            Commitment to protect priority forests
            Forest-related commitment
            6/8
            Type of commitment: Zero deforestation
            “The responsible management policy also comprises an indispensable commitment to implementing a zero deforestation policy, following the HCS “High Carbon Stock” approach.”
          • Commitment applies to all sourcing regions
            Yes
            1/1
            Commitment applies to all sourcing regions
            Yes
            1/1
            “The responsible management policy also comprises an indispensable commitment to implementing a zero deforestation policy, following the HCS “High Carbon Stock” approach.”
          • Commitment applies to all operations
            Yes
            1/1
            Commitment applies to all operations
            Yes
            1/1
            “The responsible management policy also comprises an indispensable commitment to implementing a zero deforestation policy, following the HCS “High Carbon Stock” approach.”
          • Commitment applies to all direct suppliers
            Yes
            1/1
            Commitment applies to all direct suppliers
            Yes
            1/1
            “The responsible management policy also comprises an indispensable commitment to implementing a zero deforestation policy, following the HCS “High Carbon Stock” approach.”
          • Commitment applies to all indirect suppliers
            Yes
            1/1
            Commitment applies to all indirect suppliers
            Yes
            1/1
            “The responsible management policy also comprises an indispensable commitment to implementing a zero deforestation policy, following the HCS “High Carbon Stock” approach.”
          • Target date
            No deadline
            0/1.3
          • Target is quantifiable
            No
            0/1.3
        • Commitment to protect High Carbon Stock areas and/or peatlands
          8/11
          • Commitment details
            Yes
            4/4
            Commitment to protect High Carbon Stock areas and/or peatlands
            Yes
            4/4
            Type of commitment: HCS; Peat
            “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
          • Commitment applies to all sourcing regions
            Yes
            1/1
            Commitment applies to all sourcing regions
            Yes
            1/1
            “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
          • Commitment applies to all operations
            Yes
            1/1
            Commitment applies to all operations
            Yes
            1/1
            “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
          • Commitment applies to all direct suppliers
            Yes
            1/1
            Commitment applies to all direct suppliers
            Yes
            1/1
            “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
          • Commitment applies to all indirect suppliers
            Yes
            1/1
            Commitment applies to all indirect suppliers
            Yes
            1/1
            “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
          • Target date
            No deadline
            0/1.3
            Target date
            No deadline
            0/1.3
            “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
          • Target is quantifiable
            No
            0/1.3
            Target is quantifiable
            No
            0/1.3
            “Moreover, the Group applies the HCS approach: no new development on primary or secondary forest, peatlands, HCV areas, riparian areas, protected areas or critical habitats.”
        • Commitment to a traceable supply chain
          10/11
          • Commitment details
            traces to Point of production
            4/4
            Commitment to a traceable supply chain
            traces to Point of production
            4/4
            "The Group obtained full traceability for the first level of both supply chains. [...] The Group identifies all smallholders who deliver directly to the factories (name, number of hectares, GPS coordinates, etc.)."
          • Commitment applies to all sourcing regions
            Yes
            1/1
            Commitment applies to all sourcing regions
            Yes
            1/1
            "The Group obtained full traceability for the first level of both supply chains. [...] The Group identifies all smallholders who deliver directly to the factories (name, number of hectares, GPS coordinates, etc.)."
          • Commitment applies to all operations
            Yes
            1/1
            Commitment applies to all operations
            Yes
            1/1
            "The Group obtained full traceability for the first level of both supply chains. [...] The Group identifies all smallholders who deliver directly to the factories (name, number of hectares, GPS coordinates, etc.)."
          • Commitment applies to all direct suppliers
            Yes
            1/1
            Commitment applies to all direct suppliers
            Yes
            1/1
            "The Group obtained full traceability for the first level of both supply chains. [...] The Group identifies all smallholders who deliver directly to the factories (name, number of hectares, GPS coordinates, etc.)."
          • Commitment applies to all indirect suppliers
            No
            0/1
            Commitment applies to all indirect suppliers
            No
            0/1
            "The Group obtained full traceability for the first level of both supply chains. [...] The Group identifies all smallholders who deliver directly to the factories (name, number of hectares, GPS coordinates, etc.)."
          • Target date
            Current
            1.3/1.3
            Target date
            Current
            1.3/1.3
            "The Group obtained full traceability for the first level of both supply chains. [...] The Group identifies all smallholders who deliver directly to the factories (name, number of hectares, GPS coordinates, etc.)."
          • Target is quantifiable
            Yes
            1.3/1.3
            Target is quantifiable
            Yes
            1.3/1.3
            "The Group obtained full traceability for the first level of both supply chains. [...] The Group identifies all smallholders who deliver directly to the factories (name, number of hectares, GPS coordinates, etc.)."
      • Reporting and Implementation
        13/34
        • Reporting against commitments
          4/6
          • Commitment to protect High Carbon Stock areas and/or peatlands
            No
            0/2
          • Commitment to a traceable supply chain
            Yes
            2/2
            Commitment to a traceable supply chain
            Yes
            2/2
            Socfin reported that in 2018 they achieved 100% traceability to the first level of the supply chain. 
          • Commitment to protect priority forests
            Yes
            2/2
            Commitment to protect priority forests
            Yes
            2/2
            Socfin reported to RSPO through the ACOP in 2017.
        • Reporting is independently verified
          1/4
          • Commitment to protect High Carbon Stock areas and/or peatlands
            No
            0/1.3
          • Commitment to a traceable supply chain
            No
            0/1.3
          • Commitment to protect priority forests
            Yes
            1.3/1.3
            Commitment to protect priority forests
            Yes
            1.3/1.3
            certification
            Socfin reported to RSPO through the ACOP in 2017.
        • Deforestation cut off date
          No
          0/2
        • Monitoring and verification of supplier compliance
          Non-specific monitoring statement
          2/4
          Monitoring and verification of supplier compliance
          Non-specific monitoring statement
          2/4
          “Following the Socfin Group policies on “quality” and “responsible management”, all plantation companies must obtain certification for their management systems to ensure their compliance with national and international environmental and social performance indicators.” 
        • Engagement with non-compliant suppliers
          No engagement or exclusion
          0/4
        • Publishing supplier lists
          No disclosure
          0/4
        • Accessible grievance mechanism
          Yes
          4/4
          Accessible grievance mechanism
          Yes
          4/4
          Both
          "In 2017, in collaboration with TFT, the Group formalised its external grievance management procedure5 . This procedure is available on the transparency dashboard, together with the recorded external grievances and their follow-up. The transparency dashboard is managed together with TFT, guaranteeing objective information on the follow-up status of the recorded grievances. Currently, 4 grievances were recorded: 1 is closed and 3 are under investigation.” 
        • Collaborative actions
          No
          0/2
        • Report volumes of commodity
          Partial
          2/4
          Report volumes of commodity
          Partial
          2/4
          Socfin reported their palm oil production as 426,277 tonnes in 2018. They did not state how much was certified. 
      • Social Considerations
        12/16
        • Commitment to ensure Free, Prior and Informed Consent
          Yes
          4/4
          Commitment to ensure Free, Prior and Informed Consent
          Yes
          4/4
          "The Group has always respected the rights of indigenous populations and local communities to give or withhold their Free, Prior and Informed Consent (FPIC) to all operations affecting the land or resources they are legally, communally or customary entitled to."
        • Labour rights in the supply chain
          Yes
          4/4
          Labour rights in the supply chain
          Yes
          4/4
          Discrimination; Forced Labour; Child Labour; Freedom of association
          “The Group strictly commits to freedom of association and non-discrimination, bans forced and child labour, and furthermore guarantees fair pay and decent housing to its employees.”
        • Gender equality in the supply chain
          No commitment
          0/4
        • Inclusion of small-scale farmers
          Yes
          4/4
          Inclusion of small-scale farmers
          Yes
          4/4
          "Through this policy, the Socfin Group commits to implementing bestmanagement practices and particularly to [...] facilitating smallholder inclusion".
  • Commitment strength
    28/36
    Avg. score
  • Reporting and Implementation
    13/34
    Avg. score
  • Social considerations
    12/16
    Avg. score

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 totalling more than 120,000 hectares in 2015. This means SOCFIN’s landbank is among the top fifteen largest landbanks globally among palm oil producers. The group has 26 processing facilities in numerous countries which produced about 360,000 metric tons of palm oil in 2015.

Sector
Industry sector 
Agri commodities, Agriculture
Segments
Producer
HQ
HQ 
Luxembourg
Company Type
Company type 
Private
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.

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.