Socfin Group has 15 operations (plantations and/or factories) in eight African countries and two in Asia. It specialises in the development and management of palm oil and rubber tree plantations. The company also transforms these raw materials and trades the products.
Socfin Group has 15 operations (plantations and/or factories) in eight African countries and two in Asia. It specialises in the development and management of palm oil and rubber tree plantations. The company also transforms these raw materials and trades the products.
SOCFIN committed to a Responsible Management Policy in March 2017 and became an Earthworm member in April 2017. Earthworm Foundation and Socfin’s partnership aims to support the implementation of Socfin’s Policy in its operations.
The work is a mix of ground-based approaches and strategic support, covering group-level actions such as grievance mechanism development, stakeholder engagement, process development, and implementation, as well as focusing on some subsidiaries based on their specific challenges.
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Palm oil is a highly versatile and inexpensive vegetable oil used in many consumer goods products. It is also an extremely efficient crop, producing as much as 10 times per hectare as other vegetable oils. But its role as a major driver of economic growth is also associated with the loss of tropical forest habitats.