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First Resources Ltd

Company Profile: First Resources Ltd

  • Parent company:
    N/A
  • Landbank (total):
    200,000 hectares
  • Revenue from oil palm cultivation:
    39.94%
  • Market cap:
    2,189,647,104 USD
  • Thomson Reuters ticker:
    FRLD.SI
  • Bloomberg ticker:
    FR SP
  • ISIN:
    SG1W35938974
  • RSPO member?
    Yes
  • Other initiatives:
    ISCC, ISPO
  • Activities:
    Oil palm cultivation, processing of crude palm oil (CPO) and palm kernel (PK), refining, producing palm oil derivatives and biofuel
  • Locations:
    Indonesia (Riau, East Kalimantan and West Kalimantan)
  • Headquarters:
    Singapore
  • Links to other SPOTT companies:
    N/A
  • Website:

Company Assessment: First Resources Ltd

SPOTT assesses companies against more than 50 indicators across seven categories. Use the timeline to review past assessments. Click on an icon or bar to expand the category for further information, links to sources and best practice advice.

Total: 24 / 59 40.7%
  • RSPO reporting requirements 4 / 15 26.7%
    • Q: 1.1. Is the company an RSPO member?

      A: Yes, First Resources Limited has been an RSPO member since 2008.

      1 / 1 | Source

    • Q: 1.2. Has the company submitted its most recent Annual Communication of Progress (ACOP) report to the RSPO?

      A: Yes

      1 / 1 | Source

    • Q: 1.3.1. In the company's  most recent and up-to-date RSPO ACOP report, does the company refer to itself as an oil palm grower?

      A: Yes, First Resources refers to itself as an oil palm grower

      1 / 1 | Source

    • Q: 1.3.2. In the company's most recent and up-to-date RSPO ACOP report, does the company state all the countries and regions in which it operates?

      A: Yes. First Resources states all the countries and regions in which the company operates: Indonesia (West Kalimantan, East Kalimantan, Riau).

      1 / 1 | Source

    • Q: 1.4.1. Has the company RSPO-certified its first plantation estate: a) By November 2010, for companies joining prior to finalisation of the RSPO certification systems in November 2007? b) Within three years of joining the RSPO or of acquiring plantation operations as an RSPO member?

      A: No. First Resources joined the RSPO in 2008 and has yet to certify its first plantation estate. First Resources has a time-bound plan to complete certification by 2024.

      0 / 1 | Source

    • Q: 1.4.2. Has the company missed any of its public targets to be 100% RSPO-certified?

      A: No. However an original target of 2015 was extended to 2018 and then subsequently to 2020 and then 2024.

      No score | Source

    • Q: 1.5. What percentage of the company's total plantation estates is RSPO-certified?

      A: 0% of First Resources' plantation estates are RSPO-certified.

      0 / 4 | Source

    • Q: 1.6. Are the company's RSPO Principles and Criteria certification assessments publicly available?

      A: None of First Resources's plantation estates are currently RSPO-certified.

      No score

    • Q: 1.7.1. Have the first of the company's independent FFB suppliers achieved RSPO certification?

      A: No. First Resources has a time-bound plan to complete certification of its independent FFB suppliers by 2027.

      0 / 1 | Source

    • Q: 1.7.2. Has the company missed any public targets for 100% of its independent FFB suppliers to be RSPO-certified?

      A: No. However a target for 100% certification of independently sourced FFB was extended from 2023 to 2027.

      No score | Source

    • Q: 1.8.1. Has the company RSPO-certified its first scheme smallholders?

      A: No. First Resources has a time-bound plan to complete certification of its smallholders by 2027.

      0 / 1 | Source

    • Q: 1.8.2. Has the company missed any public targets for 100% of its scheme smallholders to be RSPO-certified?

      A: No. However a target for 100% certification was extended from 2023 to 2027.

      No score | Source

    • Q: 1.9. What percentage of the company's scheme smallholder plantations is RSPO-certified?

      A: 0% of First Resources' scheme smallholder plantations are RSPO-certified

      0 / 4 | Source

    • Q: 1.10. Does the company have any open complaints filed through the RSPO complaints system?

      A: Yes, First Resources has the following open complaints filed through the RSPO complaints system:
      May 2010: First Resources subsidiary, PT Limpah Sejahtera, has been accused by International Animal Rescue Indonesia of failing to carry out HCV assessment prior to land clearing and planting and for not being in compliance with RSPO’s New Planting Procedure (NPP)

      October 2012: First Resources subsidiary, PT Borneo Surya Mining Jaya has, has been accused by the Environmental Investigation Agency, Aliansi Masyarakat Adat Nusantara (AMAN) and the community of Muara Tae of clearing land before carrying out the New Planting Procedure; acquiring and clearing local people’s land without their Free, Prior and Informed Consent (P&C 2.2, 2.3, 7.5 and 7.6); and failing to negotiate with and compensate local people for the expropriation of their land (P&C 7.6). In December 2015 the RSPO Complaints Panel agreed to close the case as unresolved (category Q).

      No score | Source

  • Landbank and maps 4 / 8 50%
    • Q: 2.1.1. Does the company have a publicly available statement detailing its land acquisition criteria?

      A: Yes

      1 / 1 | Source

    • Q: 2.1.2. Does this statement apply to all of the company's scheme smallholders and independent FFB suppliers?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 2.2.1. Has the company publicly disclosed its total landbank area for oil palm cultivation?

      A: Yes, in its 2015 annual report the company states its land use rights cover a total area of 172,668 ha, but also that it manages over 200,000 ha, which may include both nucleus and plasma areas.

      1 / 1 | Source

    • Q: 2.2.2. Has the company publicly disclosed its total planted area?

      A: Yes, planted area is 178,823 ha (including Pacific Agri Resources' landbank which was acquired by First Resources in July 2015).

      1 / 1 | Source

    • Q: 2.2.3. Has the company publicly disclosed its total scheme smallholder area?

      A: Yes, scheme smallholder hectarage is 29,241 ha (including Pacific Agri Resources' landbank which was acquired by First Resources in July 2015).

      1 / 1 | Source

    • Q: 2.2.4. Has the company publicly disclosed its total area of land managed for conservation that is set aside (i.e. including areas of High Conservation Value)?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 2.3.1. Are all of the company's concession maps publicly available for all countries in which it operates?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 2.3.2. Are all of the company's scheme smallholders' concession maps publicly available for all countries in which it operates?

      A: No information could be found using the research protocols

      0 / 1

  • Environmental management 10 / 14 71.4%
    • Q: 3.1.1. Does the company have a publicly available statement to address deforestation resulting from its operations?

      A: Yes, First Resources does not develop High Carbon Stock (HCS) forests or High Conservation Value (HCV) areas

      1 / 1 | Source

    • Q: 3.1.2. Does this statement apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1 | Source

    • Q: 3.2.1. Does the company have a publicly available commitment to undertake Free, Prior and Informed Consent (FPIC) prior to any new planting taking place?

      A: Yes

      1 / 1 | Source

    • Q: 3.2.2. Does the company make its Free, Prior and Informed Consent (FPIC) process publicly available?

      A: The following First Resources subsidiaries which have a publicly available FPIC process are as follows:

      PT Borneo Surya Mining Jaya

      PT Borneo Persada Energy Jaya

      PT Maha Karya Bersama

      PT Citra Agro Kencana

      PT Ketapang Agro Lestari

      PT Swadaya Mukti Prakarsa

      PT Mitra Karya Sentosa

      1 / 1 | Source

    • Q: 3.3.1. Does the company have a publicly available commitment to conduct SEIA (Social and Environmental Impact Assessments) assessments prior to any new planting taking place?

      A: Yes

      1 / 1 | Source

    • Q: 3.3.2. Are all SEIA assessments conducted after November 2005 publicly available?

      A: There is public availability of some of First Resources' SEIA assessments:

      East Kalimantan: PT Borneo Surya Mining Jaya, PT Borneo Persada Energy Jaya, PT Maha Karya Bersama, PT Citra Agro Kencana, PT Ketapang Agro Lestari, no further SEIA assessments were found

      West Kalimantan: PT Mitra Karya Sentosa, PT Swadaya Mukti Prakarsa, no further SEIA assessments were found

      Sumatra: No SEIA assessments were found

      0 / 1 | Source

    • Q: 3.4.1. Does the company have a publicly available commitment to conduct High Conservation Value (HCV) assessments prior to any new planting taking place?

      A: Yes

      1 / 1 | Source

    • Q: 3.4.2. Has the company publicly committed to only using licensed High Conservation Value (HCV) assessors accredited by the HCV Resource Network's Assessor Licensing Scheme (ALS)?

      A: Yes, First Resources states that HCV assessments will be conducted by licensed HCV assessors under the HCV Resource Network

      1 / 1 | Source

    • Q: 3.4.3. Are all of the company's High Conservation Value (HCV) assessments conducted after November 2005 publicly available?

      A: There is public availability of some of First Resources' HCV assessments:

      East Kalimantan: PT Borneo Surya Mining Jaya, PT Borneo Persada Energy Jaya, PT Maha Karya Bersama, PT Citra Agro Kencana, PT Ketapang Agro Lestari, no further HCV assessments were found

      West Kalimantan: PT Mitra Karya Sentosa, PT Swadaya Mukti Prakarsa, no further HCV assessments were found

      Sumatra: No HCV assessments were found

      0 / 1 | Source

    • Q: 3.4.4. Does the company make its High Conservation Value (HCV) management and monitoring plans for all of its estates publicly available?

      A: There is public availability of some of First Resources' HCV management plans:

      East Kalimantan: PT Borneo Surya Mining Jaya, PT Borneo Persada Energy Jaya, PT Maha Karya Bersama, PT Citra Agro Kencana, PT Ketapang Agro Lestari, no further HCV management plans were found

      West Kalimantan: PT Mitra Karya Sentosa, PT Swadaya Mukti Prakarsa, no further HCV management plans were found

      Sumatra: No HCV management plans were found

      0 / 1 | Source

    • Q: 3.5. Has the company publicly committed to applying a High Carbon Stock (HCS) methodology to all of its landholdings and not developing on HCS areas?

      A: Yes

      1 / 1 | Source

    • Q: 3.6. Does the company have a publicly available Water Management Plan or equivalent for its operations?

      A: Yes

      1 / 1 | Source

    • Q: 3.7. Does the company have a publicly available Integrated Pest Management Plan for its operations?

      A: Yes

      1 / 1 | Source

    • Q: 3.8. Does the company have a publicly available commitment to not use WHO Class 1A and 1B pesticides and paraquat, or time-bound plan for phasing out their use?

      A: No. First Resources is developing plans to phase out Paraquat, but Carbofuran is still used which is a WHO Class 1B pesticide.

      0 / 1 | Source

    • Q: 3.9. Has the company been mentioned in any relevant media stories and/or reports that make reference to wildlife conflict or deforestation within the company's plantation estates and/or its scheme smallholders' or independent FFB suppliers' plantations?

      A: Please find the relevant media stories listed in the media monitor below.

      No score

  • Fragile, marginal and peat soils 2 / 2 100%
    • Q: 4.1.1. Does the company have a publicly available statement stating that it is committed to a strict 'no new development on peat' policy?

      A: Yes. First Resources has a commitment to not to develop on peat areas regardless of depth.

      1 / 1 | Source

    • Q: 4.1.2. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1 | Source

    • Q: 4.2. What percentage of the company's landbank for oil palm cultivation is located on peat?

      A: No information could be found using the research protocols

      No score

  • Zero burning 2 / 2 100%
    • Q: 5.1.1. Does the company have a publicly available statement stating that it is committed to a strict policy of zero burning?

      A: Yes. First Resources has a strict zero-burning policy in land clearing for all new developments as well as future replanting.

      1 / 1 | Source

    • Q: 5.1.2. Does this policy apply to all its scheme smallholders and independent FFB suppliers?

      A: Yes

      1 / 1 | Source

    • Q: 5.2. Has the company been mentioned in any relevant media stories and/or reports that make reference to fires found within the company's plantation estates and/or its scheme smallholders’ or independent FFB suppliers’ plantations?

      A: Please find the relevant media stories listed in the media monitor below.

      No score

  • Greenhouse gas emissions 2 / 6 33.3%
    • Q: 6.1.1. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?

      A: No, First Resources is committed to reduce GHG emissions however no time-bound plan found using the research protocols

      0 / 1 | Source

    • Q: 6.1.2. Does this time-bound plan apply to all its scheme smallholders and independent FFB suppliers?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 6.2. Does the company publicly report on progress made towards achieving its time-bound plan?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 6.3. Does the company publicly report its GHG emissions from land use change associated with new planting?

      A: Yes

      1 / 1 | Source

    • Q: 6.4. Has the company made a public commitment to report and to reduce effects from Palm Oil Mill Effluent (POME)?

      A: Yes

      1 / 1 | Source

    • Q: 6.5. Has the company made a public commitment to eliminate methane emissions from all of its palm oil mills?

      A: No. However, First Resources currently has one methane capture facility and is in the process of commissioning two more.

      0 / 1 | Source

  • Traceability 0 / 12 0%
    • Q: 7.1. Are all of the company's mill locations publicly available for all countries in which it operates?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 7.2. What percentage of the company's total palm oil mills is RSPO-certified?

      A: 0% of First Resources' palm oil mills are RSPO-certified

      Calculation: 0 (stated number of palm oil mills RSPO-certified) divided by 13 palm oil mills (stated number of palm oil mills operated) x 100

      0 / 4 | Source

    • Q: 7.3. What percentage of the company's total fresh fruit bunches (FFBs) purchased from independent suppliers (not including outgrowers and scheme smallholders) is RSPO-certified?

      A: 0% of the company's independent FFB is RSPO-certified.

      Calculation: 0 (tonnes RSPO-certified) divided by 291,093 (total tonnes of independently sourced FFB) x 100

      0 / 4 | Source

    • Q: 7.4. Does the company have a public commitment to move towards Segregated and/or Identity Preserved certified sustainable palm oil (CSPO)?

      A: No information could be found using the research protocols

      0 / 1

    • Q: 7.5. Does the company prioritize certified sustainable palm oil (CSPO) from Segregated or Identity Preserved supply chain models over Mass Balance or GreenPalm?

      A: No information could be found using the research protocols

      0 / 2

Trend Tracker: First Resources Ltd

SPOTT's Trend Tracker displays score changes across seven indicator categories over time. Return to the full company assessment for more detail, and check the Updates page for a narrative of changes.

Click an icon to show only the corresponding category tracking line and the axis will adjust accordingly. Please note that trends are only available for companies with previous assessments.

Media Monitor: First Resources Ltd

SPOTT's Media Monitor gathers reports and stories from global media sources, covering specific company activities related to the environmental management (deforestation and wildlife conflict) and zero burning (fires and haze) categories. ZSL does not assess the validity of these reports and stories, and cannot guarantee their substantiation.

Deforestation and wildlife conflict

Fires and haze

Map of Concessions: First Resources Ltd

Explore our interactive mapping tool for a satellite view of deforestation and fires in and around concession sites of companies featured on the SPOTT scorecard. These data can support SPOTT users in conducting further research to verify whether or not company commitments are being implemented on the ground.

Use the map search bar to find specific company concessions or locations. Click the concession sites marked by pins to zoom in for more information, then go to the company pages of featured concessions to view their assessments.