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Certifications, Green Bonds, Sustainability & Associations
| Sustainability Reports 2023 - 2024 | Plantations Reports | |||||||
| Type | Year | Documents | Completed | Location | Date | Documents | Completed | |
| Sustainability Report | 2023 | ✅ | Si Racha, Chonburi | January 2023 | ✅ | |||
| Green Bond Report | 2024 | ✅ | Chom Bueng, Ratchaburi | March 2024 | ✅ | |||
| Tree Audit Green Bond BDO | 2023 | ✅ | Lao Khwan, Kanchanaburi | September 2023 | ✅ | |||
| Green Bond Second Party Opinion | 2022 | ✅ | ||||||
| Thailand Plantation Certifications | Malaysia Plantation Certifications | |||||||
| TYPE | YEAR | DOCUMENT | COMPLETED | TYPE | YEAR | DOCUMENT | COMPLETED | |
| GAP Thailand | 2024 | ✅ | Wholesale, Retail & Trade (WRT) | 2022 | ✅ | |||
| Global GAP | 2024 | ✅ | FAMA | 2022 | ✅ | |||
| PEFC - Sustainable Forestry Management | 2023 | ✅ | Department of Agriculture | 2022 | ✅ | |||
| Thailand Import Export License | 2024 | ✅ | ||||||
| Malaysia Plantation Certifications | |||
| TYPE | YEAR | DOCUMENT | COMPLETED |
| Wholesale, Retail & Trade (WRT) | 2022 | ✅ | |
| FAMA | 2022 | ✅ | |
| Department of Agriculture | 2022 | ✅ | |
Mango Plantations Report
We are very fortunate at Plantations International to have some of the most dedicated, hard-working agricultural specialists available in Thailand. They are able to manage our plantations to the highest of levels but even they understand that it is always important to have a second opinion from someone with expert knowledge.
This is why we produce an independent report on our plantations by the Assistant Professor, Dr. Jenjira from Kasetsart University in Bangkok. Dr. Jenjira visits our plantations each quarter and writes a detailed report on the soil, trees, fruits, roots and water. We find this a most helpful barometer of how we are performing at managing the plantations and together with the expert advice offered from Dr. Jenjira on any improvements we can make, we feel it is an ideal partnership for our company and clients.
Each quarter, Assistant Professor Jenjira Chumpookam from the Faculty of Agriculture at Kasetsart University, Bangkok, conducts reviews of our plantations in Thailand. These reviews are scheduled on a rotational basis across our four current plantations, ensuring that each one receives an independent evaluation. This process is crucial for Plantations International as it covers various aspects of our operations, including water management, soil health, and fruit quality.
Valuations
Our initial valuation came from the global top 10 accounting company Mazars. They reviewed the profit structure for our Agarwood, Mango and Durian plantations in 2022. The report was produced during the second half of 2022, the first one from Thailand incorporating our Agarwood and Mango plantations and a second valuation for our Organic Musang King Durian from our Malaysia plantations where both Thailand and Malaysia offices for Mazars combined to produce the valuation.
Green Bonds
Sustainalytics, part of the Morningstar group, was the company producing the second party opinion on Plantations International. This opinion covered a wide range of details at our company where we had to create our own company framework which would be evaluated by Sustainalytics. Many meetings ensued prior to finally after approximately 8 months Plantations International was granted our Green Bonds Framework which the bonds would be based around.
Our Green Bonds are currently listed in Vienna, Austria with the bonds being administered and registered by Creatrust in Luxembourg.
Tree Audit - BDO Auditors Thailand
For our Green Bonds we were required to count the trees at our Kanchanaburi plantation. BDO Auditors in Thailand sent a team of 10 accountants to count the trees at our plantation. We had to achieve 14,000 trees which duly arrived during the 2nd day of counting.
Certifications
Our initial valuation came from the global top 10 accounting company Mazars. They reviewed the profit structure for our Agarwood, Mango and Durian plantations in 2022. The report was produced during the second half of 2022, the first one from Thailand incorporating our Agarwood and Mango plantations and a second valuation for our Organic Musang King Durian from our Malaysia plantations where both Thailand and Malaysia offices for Mazars combined to produce the valuation.
Certifications in Thailand
We are the first Mango Plantation in Thailand to achieve the prestigious PEFC certification for Sustainable Forestry Management. The hardwork and dedication of our employees at our Laokwhan, Kanchanaburi plantation ensured we would be the first to achieve this. Achieving this certification gave a major boost to Plantations International and we can’t thank our employees at this plantation enough for all their efforts.
We achieved GAP local in early 2024 for all our plantations in Thailand. Good agricultural practice is a certification system for agriculture, specifying procedures that must be implemented to create food for consumers or further processing that is safe and wholesome, using sustainable methods.
Global GAP sets the standards for primary production and the supply chain. From fruits and flowers to fish and feed, our portfolio is based on a robust third-party certification system that is developed in collaboration with sector stakeholders and strengthened by a framework of smart IT systems. Our holistic solutions and broader activities support the six key impact areas of food safety, environmental sustainability, workers’ well-being, animal welfare, supply chain transparency, and capacity building. We are registered for audit in the first quarter of 2024 and all being well we should receive this certification very soon after the audit.
From fighting deforestation and climate change to building economic opportunities and better working conditions for rural people, the Rainforest Alliance is working to solve urgent environmental and social challenges. Protecting forests and biodiversity is at the very heart of the Rainforest Alliance’s mission. We have developed wide-ranging, innovative strategies to conserve and restore nature—all while improving the livelihoods of people who live from the land. We are targeting the 2nd quarter 2024 to achieve this certification which is essential for exporting to supermarkets across the European Union.
MyOrganic is a Malaysian organic certification scheme that is based on the Malaysian Organic Scheme Standard (SOM). The scheme is a tool in the Techno Agricultural Extension System (SPTP) of the Department of Agriculture Malaysia. Our target to achieve organic status and become the only Musang King Organic Durian worldwide is the 4th quarter 2024.
MyGAP is a comprehensive certification scheme for the crop, aquaculture and livestock sectors. MyGAP is implemented based on the Malaysian Standard (MS). MS 1784:2005 Crop Commodities. We are registered at MyGAP and look forward to achieving this certification during the 4th quarter 2024.
