Governance indicators
| Indicator | Disclosure |
|---|---|
Ethical business policy |
The Group is committed to acting ethically and with integrity in the way it conducts its business. Our policy on sustainable and ethical business relates to: Transparency and grievances; Occupational safety and health; Quality; Anti-bribery and corruption; Responsible employment; and Labour rights. |
Whistleblowing policy |
The Group encourages staff to report suspected wrongdoing as soon as possible through its whistleblowing policy. |
Risk management |
The directors acknowledge their responsibilities for the Group’s system of risk management. Principal risks to the Group are identified, reviewed and assessed by the audit committee at least annually and reported to the board for approval. |
Approach to tax |
All companies within the Group must fulfil all statutory tax compliance and disclosure obligations in accordance with all relevant tax laws and regulations. The Group employs a dedicated tax specialist team and works with external tax consultants where necessary to advise on complex areas. Taxation-related risks are reviewed and assessed by the audit committee at least annually and reported to the board for approval. |
All information is for year ended December 2024
Further information:
- the ethical code of conduct section of the Group’s website
- the risk management section of the Group’s website
- the risk management section of the Group’s 2024 Annual report
| Indicator | Disclosure |
|---|---|
Supplier requirements |
The Group’s commitments to no deforestation, no development on peat, and no exploitation (NDPE) applies to all suppliers. Each supplier is required to adhere to our policies on Ethical business; Local communities and Environment. |
Supply chain mapping and traceability |
In 2024, 75% of ffb received by our mills came from our own estates and associated scheme smallholders; 23% was sourced from agents or collection centres; 2% came from third-party plantations.
100% of ffb purchased by our mills can be traced to our direct suppliers (third-party supplying plantations, agents or collection centres). We are making good progress on mapping the plots of land owned by independent smallholders in our supply chain, who supply to our mills indirectly via agents and collection centres. We aim to achieve 100% traceability to ffb origin by the end of 2027. |
Supplier selection |
Each supplier is required to adhere to our policies on Sustainable and ethical business, Sustainability of local communities and Environmental sustainability. The company socialises sustainability requirements and seeks commitment from suppliers by signed agreement. Supplier self-declarations are used in the initial supplier screening process to determine if the supplier is suitable to work with. Information on each existing or prospective supplier is assessed using our supplier evaluation form, which includes information on location, legality and policy requirements. Total score against the listed criteria is used as the basis for determining whether requirements are fulfilled to enter into agreement or contract. |
Non-compliance procedure |
The Group will not source goods or services from suppliers who fail to commit to or comply with the requirements that are set out in agreements. The contracts of suppliers or vendors that are found to violate our policies will likely be suspended for a period of six months during which they must take agreed steps to bring them in line with Group policies. This may include requesting the supplier to develop a robust plan to restore natural ecosystems lost or to develop a suitable compensation plan to address a verified case of non-compliant land clearing. |
Verification of compliance |
The Group has set a target to ensure that 100% of ffb sourced by its own mills will be verified as deforestation and conversion-free (DCF) and fully compliant with its sourcing policies and standards for production of sustainable palm oil. By verification, we mean a thorough monitoring and evaluation process or audit to ensure that suppliers meet the requirements set out in the Group’s policies and relevant standards. Self-declaration by the supplier and initial supplier evaluation is a separate process and is used to determine whether requirements are fulfilled to enter into agreement or contract, rather than to verify compliance. |
All information is for year ended December 2024
Supplier engagement and compliance
| Objective | Target | Progress |
|---|---|---|
Supplier selection |
||
| Existing and potential direct suppliers screened against social and environmental criteria. | 100% of direct suppliers engaged, screened and qualified for inclusion in our supply chain. | Achieved. 100% of direct suppliers engaged, screened and qualified for inclusion in our supply chain. |
Traceability |
||
| Supplier survey and mapping of indirect suppliers. | Maintain 100% traceability to direct suppliers (plantation or agent / collection centre) and by the end of 2027, achieve 100% traceability to ffb origin (plantation or smallholder plot). | On track. 100% of ffb sourced is traceable to direct suppliers (plantation or agent / collection centre) and we continue to make progress in mapping the plots of land owned by independent smallholders in our supply chain. |
Non-compliance procedure |
||
| Identify and address cases of non-compliance. | Each verified case of non-compliance addressed by suspension, exclusion and / or corrective action plan. | No cases of non-compliance identified since November 2018. |
Capacity building |
||
| Help our independent smallholders operate more sustainably by offering training and support. | Engagement with 100% of independent smallholders by end of 2027. | On track. Direct engagement with 649 independent smallholders. |
Verification of compliance |
||
| Monitor and evaluate supplier compliance with the requirements set out in the Group’s policies and relevant standard. | By the end of 2027, 100% of ffb sourced by our mills will be verified as deforestation and conversion free and fully compliant with our sourcing policies and standards for production of sustainable palm oil. | On track. More than 30% of ffb purchased is verified as deforestation and conversion free and fully compliant with our sourcing policies. |
FFB supplied to Group mills
| FFB source | Units | 2024 | 2023 |
|---|---|---|---|
Group own crop (inti) |
Tonnes | 866,300 | 852,200 |
| Percent | 56.4 | 55.0 | |
Scheme smallholders (plasma) |
Tonnes | 284,600 | 275,500 |
| Percent | 18.5 | 17.8 | |
Independent third party |
Tonnes | 386,000 | 421,500 |
| Percent | 25.1 | 27.2 | |
| Total | Tonnes | 1,536,900 | 1,549,200 |
Traceability
| Units | 2024 | 2023 | |
|---|---|---|---|
| Ffb traceable to direct suppliers | Percent | 100 | 100 |
| Ffb traceable to source | Percent | 81 | 79 |
Names and locations of third-party supplying plantations
| Supplier name | Latitude (decimal degree) | Longitude (decimal degree) |
|---|---|---|
| PT Citra Palma Sejati | 0.854 | 118.38 |
| PT Setara Kilau Mas Adicita | 0.823 | 118.54 |
| Indicator | Disclosure |
|---|---|
Grievance approach |
Grievances or complaints are addressed in a timely manner in accordance with our grievance approach, applicable to both internal and external grievances. |
List of grievances (own operations) |
The Group does not have any active public complaints. See our grievance list for information on past grievances. |
List of grievances (suppliers) |
There are no grievances against our suppliers. |
All information is for year ended December 2024
Grievance approach
| Indicator | Disclosure |
|---|---|
Global Reporting Initative (GRI) standards |
The Group’s sustainability / ESG reports are prepared using the Global Reporting Initiative (GRI) metrics and methods for measuring and reporting sustainability-related impacts and performance. |
Streamlined Energy and Carbon Reporting (SECR) |
Since 2019, we have reported publicly on energy use and associated greenhouse gas emissions in compliance with SECR (Streamlined Energy and Carbon Reporting), a sustainability reporting framework which is mandatory for large organisations in the United Kingdom. |
Taskforce on Climate-related Financial Disclosures (TCFD) |
The Taskforce on Climate-related Financial Disclosures (TCFD) is a framework that is used to assess and manage the risks and opportunities associated with climate change to a business’s operations, financial planning and future strategy. We followed this framework for the first time in 2022 to help understand and analyse the impact that climate change may have on the Group’s success. We publish an annual standalone TCFD report, which outlines the risks and opportunities from our climate change, the steps we are taking to strengthen our understanding of these risks and opportunities, and our actinos in response to them. |
CDP reporting |
The Group completed CDP reporting for the first time in 2024 and achieved the following scores:
|
Sustainable Palm Oil Transparency Toolkit (SPOTT) |
Each year, the Group is assessed on the transparency of its ESG disclosures through participation in the Sustainable Palm Oil Transparency Toolkit (SPOTT) assessment by the Zoological Society of London (ZSL). SPOTT uses publicly available information to measure company transparency against ESG indicators under three categories:
In the 2024 SPOTT assessment, the Group increased its score from 86.7% to 88.9%, and was ranked 13th out of the 100 palm oil companies assessed. For further details on SPOTT assessment for palm oil companies, please refer to https://www.spott.org/palm-oil/. |
All information is for year ended December 2024
Further information:
- the Group’s 2024 Annual report
- our 2023 TCFD report
- the Group’s ESG 2023 report
Strategy
The Group is a responsible producer, striving for excellence, with a focus on continuing growth and offering an increasing yield.
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