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Overall approach8/12
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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 change2/2
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Reporting on emissions from land-use change0/2
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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 score48/88
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Palm oil48/88
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Commitment Strength14/20
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Commitment to protect priority forests4/8
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Commitment detailsProtects priority forests (including High Conservation Value)2/6
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Commitment applies to all regions, suppliers and operationYes1.3/1.3
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Target date20210.7/0.7
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Interim target dateNA (target date current or achieved or 2022)0.3/0.3
-
-
Commitment to protect High Carbon Stock areas and/or peatlands5/5
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Commitment detailsYes3/3
-
Commitment applies to all regions, suppliers and operationYes1.3/1.3
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Target date20210.7/0.7
-
Interim target dateNA (target date current or achieved or 2022)0.3/0.3
-
-
Commitment to a traceable supply chain4/6
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Commitment detailsTraces to Point of production4/4
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Commitment applies to all regions, suppliers and operationNo0/1.3
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Target dateNo target date0/0.7
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Interim target dateNo0/0.3
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-
-
Social Considerations14/18
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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 chainNo commitment0/4
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Commitment to remediationYes2/2
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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
-
-
Reporting and Implementation20/50
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Reporting against commitments2/2
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Commitment to protect priority forestsYes, for all commodity exposure1.7/1.7
-
Commitment to protect High Carbon Stock areas and/or peatlandsYes, for all commodity exposure1.7/1.7
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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
-
Commitment to protect High Carbon Stock areas and/or peatlandsNo0/1
-
Commitment to a traceable supply chainNo0/1
-
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Suppliers aligned with deforestation commitments across supply chainYes, encouraged0/2
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Deforestation cut off dateNo0/2
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Collaborative actionsNo0/2
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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 rightsNo0/4
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Upstream: Impact assessments for land development/acquisitionYes4/4
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Upstream: Reporting production/processing locationsNo disclosure0/4
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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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-
-
-
Commitment strength14/20
-
Reporting and Implementation20/50
-
Social considerations14/18
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.
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