Transparency

Transparency is both a goal and a means of achieving our other goals. Socfin believes its commitments will have greater impact when progress challenges are openly shared, and in reaching them with other stakeholders. Transparency about the action plan, issues that arise, and the concrete steps Socfin is taking to address them is the best way to ensure a constructive dialogue with our stakeholders and in turn to ensure that we are all on a path of continuous improvement.

To this end, Socfin Group is committed to:

Obtain traceability for 100% of its raw materials

The Group commits to work in collaboration with its suppliers to make its supply chain transparent, whilst taking into account the complexity of the supply chains for certain raw materials.Find out how far Socfin’s palm oil and natural rubber are to becoming 100% traceable by scrolling through this interactive map.

Implement an open, transparent and consultative grievance management mechanism:

The Group will develop and implement a responsible grievance management mechanism at the local, national and international levels. The procedure will be transparent, open and collaborative; it will be made public and updated according to stakeholders’ comments and progress in addressing grievances raised.The Group commits to resolve all disputes and complaints in line with this policy which will be formally submitted through the above mentioned procedure.

The grievances page gives an overview of all the grievances logged against Socfin. This page also contains the Grievance Management Procedure, which explains how to log a grievance, and how Socfin will handle the grievance.

Publicly report on the implementation of the Responsible Management Policy:

To ensure transparency and constant improvement, the progress, updates and adaptations of Socfin’s policy implementation plan will be published every 6 months to this Dashboard and submitted to the Board of Directors. This ensures public accountability for the progress we make along the roadmap, and as well will allow us to share lessons learned, challenges faced and best practices identified.

Recent Updates

View All