Sustainability Report 2019

Our Sustainability Reports are developed in line with international best practice. We report based on Global Reporting Initiative (GRI) Standards Reporting Guidelines (Core Option). Our GRI index can be downloaded here.

The SR2019 also contains disclosures recommended in the Agricultural Products Sustainability Accounting Standard (Industry Standard, Version 2018-10) that was developed by the Sustainability Accounting Standards Board (SASB). The SASB disclosure index can be downloaded here.

We also participate in several disclosure platforms including CDP (which incorporates the Task Force on Climate-related Financial Disclosures (TCFD) recommendations and elements of the Accountability Framework Initiative),SPOTT, FTSE4Good and DJSI.

Our latest CDP disclosures:

GAR Climate ChangeGAR ForestsGAR Water

Material issues

Our assessment of material issues informs our sustainability strategy and management approach, as well as our reporting on sustainability. GAR’s Board considers sustainability as part of the company’s long-term strategic direction; is involved in determining the material ESG issues; and has overall responsibility for overseeing the management and monitoring of the ESG issues across the business.

In 2017, we conducted an in-depth materiality assessment across our entire value chain. The result of the assessment is a prioritised list of 19 sustainability issues. Click here to see a summary of our materiality process.

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Stakeholder engagement

The issues facing palm oil production are complex and multi-faceted. This is why a key element of our approach to responsible palm oil relies on engagement and close collaboration with stakeholders.

We believe that enhanced mutual understanding between us and our key stakeholders will support the development of more effective solutions and partnerships, which can better balance environmental protection with the economic and social needs.

See here for a full description of how we engage with our stakeholders and the outcomes of engagement.

Responsible palm oil on the ground

Commitment to United Nations Global Compact

The United Nations Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals.

GAR, through its subsidiary SMART has subscribed to the UN Global Compact principles since 2006. In 2018, GAR became a signatory, signifying our continuing commitment.

We progressively incorporate the ten principles as well as align ourselves with the UN Guiding Principles for Business and Human Rights in the way we do business. This, together with our commitments to responsible palm oil production and human rights contained in the GAR Social and Environmental Policy (GSEP), helps make us a better corporate citizen. As an active participant of the UN Global Compact, our Sustainability Reports serve as our Communication on Progress (COP) to the UN Global Compact.

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