Sustainability Progress Update (October - December 2018)
11/02/2019Corporate Sustainability

IOI Corporation Berhad (“IOI”) is pleased to publish its progress update on its Sustainability Implementation (SIP) for Q4 2018 together with other sustainability related activities. The highlights of this progress update are summarised as follows:

  • Phase 1 (Document Review and Consultation) of the external verification of IOI’s implementation of its commitments by Proforest was completed in October 2018. Phase 2 (Field Verification) commenced in November 2018 with field visits to Gomali, Johor and Pontianak, Indonesia, followed by Lahad Datu, Sabah in December 2018.
  • The RSPO Complaints Panel (CP) officially closed the complaint case on IOI’s plantation subsidiary companies (PT SNA Group) in Ketapang, Indonesia on 12 October 2018.
  • As of December 2018, all IOI’s groupings are audited for MSPO certification and are expected to be 100% certified by Q1 2019
  • IOI continued to engage key local stakeholders to regularly update them on the IOI Pelita land dispute resolution process. These stakeholders – local community leaders, local NGOs, Land Office, Land and Survey Department, Regent of Miri, State of Sarawak Government and lawyers representing individual communities - are familiar with the Resolution Plan and support it. As of end of December 2018, 8 out of 9 affected communities have given IOI their consent for the Resolution Plan to go ahead. 
    • IOI partnered with Aidenvironment and Global Environment Centre (GEC) to officially launch the South Ketapang Landscape Initiative on 19 October 2018 at IOI headquarters.
        • IOI’s overall scoring improved by 3.3% to 78.1% compared to the 2017 assessment, in the latest SPOTT assessment by the Zoological Society of London (ZSL) that was released in November 2018.
          • IOI is now included in Bursa Malaysia Berhad’s FTSE4Good Bursa Malaysia Index (FTSE4Good Index), effective 24 December 2018. IOI is among four public-listed companies that are added to the constituents of the FTSE4Good Index.
            • IOI is pleased to unveil its newly-revamped corporate website which aims to create an informative yet user-friendly browsing experience.
            Please click here for full report of the Sustainability Progress Update, and here for the full SIP document.