Best Management Practice
- Best Management Practice
The Group has committed to implementing the best existing environmental and social management practices throughout its operations and supply chains in order to prevent and reduce its environmental impacts. In order to achieve Socfin’s transformation goals, it is key that all of Socfin’s operations participate.
In particular, the Group is committed to: reducing GreenHouse Gas emissions (GHG); management of water level in plantations already existing on peatland; prohibition of peatland drainage; prohibition on the use of fire for developing new plantations or preparing land for such development; reducing soil and water pollution, as well as soil deterioration and erosion; prohibition on the use of class 1A and 1B chemical products as defined by the World Health Organization; elimination of the use of the herbicide Paraquat; and development and implementation of integrated pest management techniques.*
We have identified the following, non-exhaustive, list of practices as key to reach our above commitments:
- Comply with local and international laws and regulations applicable to our operations,
- Minimise and prevent our operations’ environmental impacts,
- Ensure and encourage the inclusion of small holders/farmers in our supply chains,
- Ensure fair and transparent negotiation of prices with small holders/farmers,
- Constantly improve our agricultural practices with the aim of higher yields requiring a minimum of inputs and natural resources.
*When the Socfin Group cannot immediately put a stop to the use of certain dangerous practices because of lack of alternatives, the Group commits, in its action plan, to actively conduct research into the use of alternatives in order to cease these practices as soon as possible and record any occurrence of such uses.