Socfin Group

Assessment year: 2018

Total score 
3 out of 5
Intent and awareness 
7 out of 5
Commodity policies 
3 out of 5
Palm oil 
3 out of 5
Scope and Ambition 
7 out of 5
Reporting and implementation 
1 out of 5
Social considerations 
6 out of 5

Assessment year: 2017

Total score 
5 out of 5
Overall forest policy 
4 out of 5
Commodity policies 
5 out of 5
Palm oil 
5 out of 5
Operations 
5 out of 5
Reporting and transparency 
5 out of 5

Assessment year: 2016

Total score 
4 out of 5
Overall forest policy 
4 out of 5
Commodity policies 
4 out of 5
Operations 
4 out of 5
Reporting and transparency 
4 out of 5
Sector 
Agri commodities, Agriculture
Segments 
Producer, Processor
HQ 
Luxembourg

Collective commitments

New York Declaration on Forests signatory
No
Consumer Goods Forum member
No

350 companies

To ensure deforestation free supply chains, companies need to adopt and implement timebound and measurable policies for forest risk commodities.

For the full data on how the corporate sector is performing click here.

This assessment has been carried out following the assessment methodology developed for the Forest 500 project.

In 2018 the number of companies assessed increased from 250 to 350.

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.

Other companies

PT Astra International TBK

Score
5 out of 5

Harita Group

Score
4 out of 5

Louis Dreyfus

Score
4 out of 5

Genting Bhd.

Score
3 out of 5

Socfin Group

Score
3 out of 5

Cargill

Score
3 out of 5

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 citation guidance for advice on how to cite data presented here or elsewhere on this site.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.