Clarifying Statement on Golden Veroleum Liberia (GVL)

The High Carbon Stock Approach (HCSA) wishes to advise stakeholders that Golden Veroleum Liberia (GVL) is not a member of the High Carbon Stock Steering Group. This clarification was confirmed by the HCSA Executive Committee during its meeting on Thursday the 4th of October 2018.

Golden Veroleum Liberia was previously incorrectly listed as a member due to its involvement in working groups as an alternate for an existing plantation company member.

The High Carbon Stock Approach has received information on allegations of breaches of the High Carbon Stock Approach by Golden Veroleum Liberia in its operations in Sinoe County, Liberia. As GVL is not an HCSA member, an investigation is underway to assess if there has been a breach of the requirements outlined in the High Carbon Stock Approach Toolkit in regards to the application of the HCSA methodology. The outcome of this investigation will be reported publicly and directly to stakeholders that have raised concerns on this case.