Golden Agri Resources : RSPO 2013-2014 Annual Communication on Progress

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General Announcement::Annual Communication of Progress Report (2013 - 2014) - Submission to RSPO

Issuer & Securities

Announcement Details

RSPO

Submitting an Annual Communication of Progress (ACOP) Report is a yearly requirement for all RSPO Ordinary and Affiliate members, as specified in the Code of Conduct. The objective of such ACOP reports is to, inter alia, allow RSPO to assess the members' specific plans and actions towards RSPO certified palm oil.

Please see the attached ACOP Report (2013 - 2014) submission by

Golden Agri-Resources Ltd.

GAR38-18-09-2014-ACOP2013-2014.pdf

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18/9/2014

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

Organisation Name Golden Agri-Resources Ltd

Corporate Website Address http://www.goldenagri.com.sg/index.php

Primary Activity or Product

■ Oil Palm Growers

■ Processor and/or Trader

Related Company(ies) Yes

Particulars Form 18/Sep/2014, 08:43GMT -- Page 1/4

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

Golden Agri-Resources
Ltd
Finance Yes

PT Aditunggal Mahajaya Oil Palm Growers No

PT Agrolestari Mandiri Oil Palm Growers No

PT Agrolestari Sentosa Oil Palm Growers No

PT Agrokarya
Primalestari
Oil Palm Growers No

PT Bangun Nusa Mandiri Oil Palm Growers No

PT Buana Adhitama Oil Palm Growers No

PT Binasawit
Abadipratama
Oil Palm Growers No

PT Bumi Sawit Permai Oil Palm Growers No

PT Cahayanusa
Gemilang
Oil Palm Growers No

PT Bumipermai Lestari Oil Palm Growers No

PT Forestalestri
Dwikarya
Oil Palm Growers No

PT Kartika Prima Cipta Oil Palm Growers No

PT Kencana Graha
Permai
Oil Palm Growers No

PT Mitrakarya Agroindo Oil Palm Growers No

PT Paramitra Internusa
Pratama
Oil Palm Growers No

PT Persada Graha
Mandiri
Oil Palm Growers No

PT Sawit Mas Sejahtera Oil Palm Growers No

PT Sinar Kencana Inti
Perkasa
Oil Palm Growers No

PT Sumber
Indahperkasa
Oil Palm Growers No

PT Buana Artha
Sejahtera
Oil Palm Growers No

PT Buana Wiralestari
Mas
Oil Palm Growers No

Particulars Form 18/Sep/2014, 08:43GMT -- Page 2/4

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

PT Bumipalma
Lestaripersada
Oil Palm Growers No

PT Djuandasawit Lestari Oil Palm Growers No

PT Ivo Mas Tunggal Oil Palm Growers Yes

PT Kresna Duta
Agroindo
Oil Palm Growers No

PT Maskapai Perkebunan Leidong West Indonesia
Oil Palm Growers No

PT Ramajaya Pramukti Oil Palm Growers No

PT Satya Kisma Usaha Oil Palm Growers No

PT Sawitakarya
Manunggul
Oil Palm Growers No

PT SMART Tbk Oil Palm Growers Yes

Golden Agri International
Pte Ltd
Processor and/or No
Trader

Golden Agri International
Trading Ltd
Processor and/or No
Trader

PT Dami Mas Sejahtera Manufacturer No

PT SOCI Mas Manufacturer No

Shining Gold Oilseed Crushing (Ningbo) Co Ltd
Manufacturer No

Shining Gold Foodstuffs
(Ningbo) Co Ltd
Manufacturer No

Sinarmas Natural Resources Foodstuff Technology (Tianjin) co Ltd
Manufacturer No

PT Meganusa Intisawit Oil Palm Growers No
Country Operations China, Indonesia

PT Tapian Nadenggan Oil Palm Growers No

Zhuhai Shining Gold Oil and Fats Industry Co Ltd
Membership Number 1-0096-11-000-00
Manufacturer No

Membership Type Ordinary Members

Membership Category Oil Palm Growers

Particulars Form 18/Sep/2014, 08:43GMT -- Page 3/4

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

First name Peter

Surname Heng

Email peterheng@goldenagri.com.sg

Telephone +65 6590 0822

Street Address 108 Pasir Panjang Road, #06-00 Golden Agri Plaza,
118535

Town/City Singapore

Post Code 118535

First Name Richard

Surname Kan

Email richardk@goldenagri.com.sg

First name Rafael

Surname Concepcion

Email rafael.b.concepcion@sinarmas-agri.com

Phone +62 21 50338899

Fax --

Particulars Form 18/Sep/2014, 08:43GMT -- Page 4/4

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

1.1 Please state your main activities as a palm oil
grower ■Palm oil grower & miller

■ Palm oil mill/palm kernel crusher operator

2.1.1 Total landbank licensed / owned 122000.00

2.1.2 Total landbank for oil palm cultivation 21850.00

2.1.3 Total land managed for conservation that is set aside
47990.00

2.2.1 Mature area 345952.00

2.2.2 Immature area 24016.00

2.2.3 Total area of estate plantations - planted 369968.00

2.3.1 Area certified 173347.00

2.3.2 Number of estates/Management Units 120

2.3.3 Number of estates/Management Units 51 certified

2.4.1 Indonesia - Please indicate which
province(s) ■Jambi

■ Kalimantan Barat

■ Kalimantan Selatan

■ Kalimantan Tengah

■ Kalimantan Timur

■ Kepulauan Bangka Belitung

■ Lampung

■ Papua

■ Riau

■ Sumatera Selatan

■ Sumatera Utara

2.4.2 Malaysia - please indicate which state(s) --

2.4.3 Other - please indicate which country(ies)

2.5.1 Do you have smallholders as part of your supply base?
Yes

2.5.2 Schemed

■ schemed

2.6.1 Area planted in this reporting period 8400.00

Oil Palm Growers Form 18/Sep/2014, 08:43GMT -- Page 1/3

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

2.6.2 Have New Planting Procedures notifications been submitted to the RSPO for plantings this year?
Yes

2.7.1 Do you source for FFB from third parties i.e. FFB that is not sourced from your own plantation(s), scheme smallholders or contracted outgrowers?
730000.00

2.8.1 Number of Palm Oil Mills operated 42.00

2.8.2 Number of Palm Oil Mills certified 20.00

2.8.3 Number of Palm Kernel crushers and/or
Palm Kernel mills operated
8.00

2.8.4 Number of Palm Kernel crushers and/or
Palm Kernel mills certified
3.00

2.9 Total annual Crude Palm Oil production capacity
2240598.00

2.9 Total annual Palm Kernel production capacity 527509.00

2.9 Total annual Palm Kernel Oil production capacity
419466.00

2.9 Total annual FFB processing capacity 11645000.00

3.1 Which supply chain options do you sell
RSPO-certified palm oil products through? ■Book & Claim

■ Mass Balance

■ Segregrated

4.1 Date of first RSPO estate certification
(planned or achieved)
2011

4.2 Time-bound plan - Year expected to achieve
100% RSPO certification of estates
2015

4.3 What are your interim milestones towards achieving RSPO certification commitment (year and progressive CSPO%) - please state annual targets/strategies
2012: 11 Mills 38,33% 2013: 14 Mills 53,76% 2014: 34
Mills 90,49% 2015: 41 Mills 100%

4.4 Timebound plan - Year expected to achieve
100% RSPO certification of associated smallholders and outgrowers
2015

4.5 What are your interim milestones towards achieving this RSPO certification commitment (year and progressive CSPO%) - please state annual targets/strategies
2012: 11 Mills 33,74% 2013: 14 Mills 58,65% 2014: 34
Mills 87,65% 2015: 41 Mills 100%

4.6 Time-Bound plan - Year expected to achieve --
100% RSPO certification of independently sourced FFB

4.7 What are your interim milestones towards achieving this RSPO certification commitment (year and progressive CSPO%) - please state annual targets/strategies
We are reviewing this through a multi-stakeholders approach. About 7% of the FFB we are processing currently are sourced from third parties.

Oil Palm Growers Form 18/Sep/2014, 08:43GMT -- Page 2/3

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

4.8 Which countries that your organization operates in do the above commitments cover?
Indonesia

5.1 With regards to the GA resolution 6g that call -- for map submission by ACOP 2014 deadline.
Please upload your estate location concession maps in KML or SHP format here: (RSPO General Assembly resolution 6g calling for map submissions by ACOP 2014 deadline)

6.1 Are you currently assessing your operational No
GHG emissions?

6.1.1 what GHG assessment tool or method are -- you currently using?

6.1.2 when do you plan to start assessing your -- operational GHG emissions in line with the requirements of C5.6?

6.2 What is your operational GHG emission value -- (tCO2e/tCPO)? (refer to P&C C5.6)

6.3 What is the projected GHG emission -- associated with your new plantation
development(s) (tCO2e)? (refer to P&C C7.8)

7.1 Outline actions that you will take in the coming year to advance your plans for certification
We have developed and implemented a scorecard system to optimise our RSPO certification efforts. This analytic management tool enables us to efficiently map progress across all estates and mills. In addition, we are improving our monitoring system in all of our estates and mills. We also have engaged a dedicated Sustainable Palm Oil officer to oversee all sustainability related activities, including RSPO certification.

7.2 Outline actions that you will take to promote -- CSPO along the supply chain

8.1 If you have not disclosed any of the above information, please indicate the reasons why
Confidential

- Others: --

Oil Palm Growers Form 18/Sep/2014, 08:43GMT -- Page 3/3

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

1.1 Please state your main activity(ies) within the
supply chain ■Refiner of CPO and CPKO

■ Trader

Other: --

1.2 Operation and Certification Progress --

1.2.1 Do you have a system for calculating how much palm oil and palm oil products you use?
Yes

1.3 Total volume of all palm oil products handled in -- the year (Tonnes)

1.3.1 Total volume of Crude Palm Oil (CPO) -- handled in the year

1.3.2 Total volume of Palm Kernel Oil (PKO) -- handled in the year

1.3.3 Total volume of other Palm Oil Derivatives -- and Fractions handled in the year

1.3.4 Total volume of all palm oil and palm oil -- derived products handled in the year

1.4 Volume handled in the year that is RSPO-certified (Tonnes):

(Tonnes)

(Tonnes)

No Description (Tonnes)

1.4.1 Book & Claim 40000.00 69949.00

1.4.2 Mass Balance 500.00 4000.00 3600.00

1.4.3 Segregated 1500.00

1.4.4 Identity Preserved

Total volume of Oil Palm handled that is
RSPO-certified: 40500.00 73949.00 5100.00

1.5 Do you plan to ask your suppliers if the palm oil No supplied comes from growers who disclose their
GHG emissions within the RSPO P&C 5.6 & 7.8?

Palm Oil Processors and Traders Form 18/Sep/2014, 08:43GMT -- Page 1/3

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

2.1 Date of first supply chain certification
(planned or achieved)
2013

2.2 Time-bound plan - Year expected to achieve
100% RSPO certification of all supply chains
2015

2.3 What are your interim milestones towards achieving this RSPO certification commitment (year and progressive CSPO%)? Please state annual targets/strategies.
2 Refineries have received SCCS certification in 2013 3
Refineries are scheduled to receive SCCS certification in
2014 1 Refinery(newly commissioned in 2015) is scheduled to receive SCCS certification on 2015

2.4 Timebound plan - Year expected to only -- "handle/supply" RSPO certified oil palm products

2.5 What are your interim milestones towards achieving this RSPO certification commitment (year and progressive CSPO%)? Please state annual targets/strategies.
As an intermediary the percentage of CSPO we handle largely depends on other actors in the supply chain : producers as well as end consumers. We are fully committed to provide solutions to our customers to provide CSPO. However we feel it is unrealistic to put a time-bound to require 100% handling of only CSPO.

2.6 How do you promote RSPO and RSPO certified sustainable palm oil to your customers proactively?
We communicate our ability to deliver RSPO CSPO
physical supply chain modules : MB and SG. Also work
with customers on additional requirements on top of RSPO
such as trace-ability.

3.1 Do you publicly report the GHG emissions of No your operations?

Please upload related report: -- Add link to website --
Please explain why: --

3.2 Does your company have a public No commitment to only purchase palm oil from
suppliers that disclose their GHG emissions?

Please upload related report: -- Add link to website -- Please explain why: --

4.1 Outline actions that you will take in the coming year to promote CSPO use along the supply chain
Continue to promote our ability to deliver RSPO CSPO to current and new customers.

5.1 If you have not disclosed any of the above information please indicate the reasons why
Selective Disclosure rules on Publicly Listed Companies. Confidentiality.

6.1 Related to your sourcing, do you have (a) -- policy/ies, that are in line with the RSPO P&C
such as:

Palm Oil Processors and Traders Form 18/Sep/2014, 08:43GMT -- Page 2/3

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

6.2 Where relevant, what prevents you from trading/processing only CSPO?
Mismatch of supply and demand. Complexity of supply chain.

As you don't source 100% CSPO through No physical supply chains (IP/SG/MB), please
answer the following questions: Do you have plans to?

- Please explain why: RSPO is not the only standard of CSPO out there. Also many markets do not yet demand CSPO.

- Please specify: --

- Do you have plans to immediately cover the gap No using Book & Claim?

- How and when do you plan to immediately -- cover the gap using Book & Claim?

- Please explain why: We are concentrating our effort in promoting physical supply chain modules which based on customer inputs are more relevant to addressing trace-ability and sustainability concerns of consumers.

Palm Oil Processors and Traders Form 18/Sep/2014, 08:43GMT -- Page 3/3

ACOP 2014 REPORTING FORM - Golden Agri-Resources Ltd

1 What significant economic, social or environmental obstacles have you encountered in the production, procurement, use and/or promotion of CSPO and what efforts did you
make to mitigate or resolve them?
The main factors that have continued to impact our operating performance are international CPO price, production volumes and cost of production. We have embedded sustainable practices in our day-to-day operations for years. We are constantly revitalising our SOPs to ensure that our sustainable operations are fully implemented.

2 How would you qualify RSPO standards as -- compared to other parallel standards?

Cost Effective: Yes

Robust: Yes

Simpler to Comply to: similar

3 How has your organization supported the vision of RSPO to transform markets? (e.g. Funding; Engagement with key stakeholders; Business to business education/outreach)
GAR continues to work closely with RSPO and currently co-chairs the Indonesian HCV Task Force, which was formed to explore means of effectively securing HCV areas in oil palm development areas in Indonesia, in line with the RSPO Principles and Criteria ("P&C"), as well as to explore options to reform local and national laws and procedures to secure HCV areas and accommodate the RSPO P&C.
GAR is also a member of the Dispute Settlement Facility Advisory Group, HCV Compensation Task Force and the Biodiversity and High Conservation Values Working Group.

4 Other information on palm oil (sustainability reports, policies, other public information)
GAR sustainability reports, GAR website and GAR
sustainability dashboard.

Challenges Form 18/Sep/2014, 08:43GMT -- Page 1/1

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