The company’s annual report makes clear that it understands the key issues surrounding deforestation. Moreover, some of its policies are up to industry standards, such as its commitment to avoid development on High Conservation Value areas. Yet, while the company is committed to following the RSPO’s New Planting Procedures for High Carbon Stock areas and its Best Management Practices for peat, the company appears to lack clear, firm-wide policies that prohibit development in High Carbon Stock and areas and on peat, regardless of depth.
Genting Plantations is a member of the Roundtable on Sustainable Palm Oil. Its majority shareholder (54 percent) is Genting Bhd, an investment holding company, which makes ambitious policy changes and implementation unlikely.