Sustainability

To be truly sustainable, we must ensure that no aspect of our business or operations is overlooked, and we continue to work towards integrating the overarching aspects of sustainability across our operations.

1. Environmental Stewardship: We promote the protection of biodiversity and the conservation of natural resources in our concessions and are working on progressively mitigating the negative environmental impacts of our operations.

1. Social Responsibility: We aim to create and maintain safe and prosperous environments in which people want to live and work and strive to have a positive impact on the welfare of communities that reside within and around our oil palm plantations.

1. Economic Viability: We work towards achieving and maintaining high oil palm yields and optimal productivity in all operational activities. This helps to secure financial viability, which in turn will enable us to invest more resources in our environmental and social responsibility programs.

 

Standards

Our actions are guided by international Principles and Standards and endorsed guidelines including those by the Roundtable on Sustainable Palm Oil (RSPO); ISO; UN Principles; ILO Standards; High Carbon Stock Approach (HCSA) and High Conservation Value Resource Network (HCVRN). Adopting such frameworks, we develop and implement our policies incorporating no deforestation, no peat and no exploitation (NDPE) principles.

 

Sustainability Governance Structure

Sustainability at Goodhope is overseen at the highest level by our Board and managed by Group Head of Sustainability who is part of Goodhope’s Executive Committee (EXCO). All ESG issues and sustainability performance in the area of environment, health and safety, compliance, corporate social responsibility, community development, human rights, climate action, responsible sourcing and traceability, among others, are regularly reviewed and discussed in monthly EXCO meetings. Furthermore, key members of the Executive Committee and Group Head of Sustainability will convene as required to ensure important and urgent matters are addressed on a timely basis.

 The Audit Committee reviews pertinent issues in sustainability on a quarterly basis. The effectiveness of the internal management systems is independently reviewed by external auditors of the Group.

 Group Head of Sustainability and the Sustainability Team in the upstream and downstream operations work closely with their colleagues across the organization, and especially in the field operations, to ensure good coordination and effective implementation of the Group’s Sustainability Policy.

 

Contributions to UN SDGs

The United Nations Sustainable Development Goals (UN SDGs) are the blueprint to address the global challenges we face for achieving a better and more sustainable future for all. Our own sustainability performance indicators are aligned with the global targets of 10 UN SDGs. We aim to demonstrate ever-increasing positive contributions to these UN SDGs as we measure progress towards reaching the goals of our sustainability programs.