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Golden Plantation Tbk PT

Company Profile: Golden Plantation Tbk PT

  • Parent company:
    PT JOM Prawarsa Indonesia
  • Landbank (total):
    74,340 hectares
  • Revenue from oil palm cultivation:
    100%
  • Market cap:
    28,071,638 USD
  • Thomson Reuters ticker:
    GOLL.JK
  • Bloomberg ticker:
    GOLL IJ
  • ISIN:
    ID1000087901
  • RSPO member?
    No. However, subsidiay PT Bumi Raya Investindo, has been an RSPO member since 2014.
  • Other initiatives:
    ISPO
  • Activities:
    Oil palm cultivation, processing of crude palm oil (CPO) and palm kernel (PK), food processing
  • Locations:
    Indonesia (South Kalimantan, Central Kalimantan, West Kalimantan, Riau, Jambi, South Sumatra)
  • Headquarters:
    Indonesia
  • Links to other SPOTT companies:
    Bunge Asia Pte. Ltd owns 35% of PT Bumiraya Investindo, a subsidiary of Golden Plantation
  • Notes:
    Golden Plantation was until May 2016 under the ownership of PT Tiga Pilar Sejahtera Food Tbk, but is now majority owned by PT JOM Prawarsa Indonesia
  • Website:

Company Assessment: Golden Plantation Tbk PT

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: 7 / 59 11.9%
  • RSPO reporting requirements 3.5 / 15 23.3%
    • Q: 1.1. Is the company an RSPO member?

      A: No. However, one of Golden Plantation's subsidiaries, PT Bumi Raya Investindo, has been an RSPO member since 2014. Golden Plantation and its other plantation subsidiaries are currently not RSPO members. Golden Plantation was until May 2016 under the ownership of PT Tiga Pilar Sejahtera Food Tbk, but is now majority owned by PT JOM Prawarsa Indonesia.

      0.5 / 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, Bumi Raya Investindo refers to itself as a palm oil 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. Bumi Raya Investindo states all the countries and regions in which it directly operates: Indonesia (South Kalimantan).

      Bumi Raya Investindo does not include in its 2015 ACOP the whole scope of its indirect operations through its subsidaries, which operate within other provinces of Indonesia, and it does not include Golden Plantation's other subsidaries.

      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. Bumi Raya Investindo plans to certify its first estate in 2018. It plans to certify all groups by 2024 (only applies to operations in South Kalimantan).

      0 / 1 | Source

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

      A: No

      No score

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

      A: 0% of Bumi Raya Investindo's plantation estates are RSPO-certified.

      Calculation: 0 ha (total area RSPO-certified) divided by 17,142.35 ha (stated planted area) x 100 (this only includes operations in South Kalimantan)

      0 / 4 | Source

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

      A: None of Bumi Raya Investindo's 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. Bumi Raya Investindo plans to certify all independent FFB suppliers by 2020 (only applies to operations in South Kalimantan).

      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

      No score

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

      A: No. Bumi Raya Investindo plans to certify all scheme smallholders by 2024 (only applies to operations in South Kalimantan).

      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

      No score

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

      A: 0% of Golden Plantation's scheme smallholder plantations is RSPO-certified.

      Calculation: 0 ha (total area RSPO-certified) divided by 3,447.79 (scheme smallholder hectarage) x 100 (only includes operations in South Kalimantan)

      0 / 4 | Source

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

      A: No

      No score

  • Landbank and maps 3.5 / 8 43.8%
    • Q: 2.1.1. Does the company have a publicly available statement detailing its land acquisition criteria?

      A: No information could be found using the research protocols

      0 / 1

    • 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, landbank for oil palm cultivation is 59,745 ha

      1 / 1 | Source

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

      A: Yes, planted area is 24,453 ha

      1 / 1 | Source

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

      A: No. There are at least 3000 ha of smallholder plantation, in partnership with subsidiary PT Bumi Raya Investindo (Golden Plantation was previously owned by PT Tiga Pilar Sejahtera).

      0 / 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: Yes, landbank for conservation is 197.04 ha (only covers operations in South Kalimantan)

      1 / 1 | Source

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

      A: Concession boundaries have been made available to the RSPO for the subsidary Bumi Ray Investindo, but not all are publicly available due to ongoing legal issues.

      0.5 / 1 | Source

    • 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 0 / 14 0%
    • Q: 3.1.1. Does the company have a publicly available statement to address deforestation resulting from its operations?

      A: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

    • 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: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

    • 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: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

    • 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: No information could be found using the research protocols

      0 / 1

    • 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: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

    • 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: No information could be found using the research protocols

      0 / 1

    • 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: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

    • 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 information could be found using the research protocols

      0 / 1

    • 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 0 / 2 0%
    • 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: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

    • 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 0 / 2 0%
    • 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: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

    • 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 0 / 6 0%
    • Q: 6.1.1. Does the company have a publicly available time-bound plan to reduce greenhouse gas (GHG) emissions?

      A: No information could be found using the research protocols

      0 / 1

    • 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: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

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

      A: No information could be found using the research protocols

      0 / 1

  • 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 Golden Plantation's mills is RSPO-certified.

      Calculation: 0 (stated number of palm oil mills RSPO-certified) divided by 1 (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: No information could be found using the research protocols

      0 / 4

    • 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: Mass Balance (this is reported only for Bumi Raya Investindo).

      0 / 2 | Source

Trend Tracker: Golden Plantation Tbk PT

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: Golden Plantation Tbk PT

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: Golden Plantation Tbk PT

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.