Sustainability Vision
At IOI Corporation Berhad (IOI), we believe in meeting the needs of the present without compromising that of the future generations by:
Committing to protect, rehabilitate and preserve the environment where we live in
Ensuring that the economic, social wellbeing and health of our employees and their families as well as the wider communities are safeguarded
Leading and innovating as well as embedding sustainability practices into our businesses
Sustainability Governance
IOI has developed and will continuously improve upon a systematic approach to sustainability by ensuring sustainability sits at the top agenda of IOI’s management. Additionally, to ensure transparency IOI established a Sustainability Governance structure. This Sustainability Governance structure comprises Board of Directors, Group Sustainability Steering Committee, Sustainability Team, and an external Sustainability Advisory Panel.
Group Sustainability Steering Committee
On the Governance aspect, to ensure that we keep our sustainability strategy and performance on track and support the Board in setting high level direction and focus, IOI set up a Sustainability Steering Committee that reports to the IOI Board of Directors. This committee comprises the Group CEO, Heads of the Operating Divisions, Group Head of Sustainability, and Senior Management from Group Support Functions.
Sustainability Team
In line with IOI’s greater commitment towards a more transparent and effective execution of policy, we have recently put in place a new Sustainability Team structure where the Sustainability Heads at all operating divisions have a reporting line to the Group Head of Sustainability who reports directly to the Group CEO. This will ensure that the operations personnel strictly adhere to all sustainability policies, practices and commitments of the Group.
Sustainability Advisory Panel (SAP)
The Sustainability Advisory Panel (SAP) supports the roll-out of the Group’s SIP, and advises on specific issues raised by multi-stakeholders such as NGOs and RSPO.
The SAP is composed of NGOs, customers and subject-matter experts and experienced professionals from various countries and sectors, including Oxfam, WWF and Mondelez, etc., as well as representatives from IOI Group senior management.
Going forward, the Panel will advise and challenge the Group on delivering its sustainability commitments and ambition. It will provide a critical review and advisory function to the Group’s sustainability activities and help to review its progress in delivering its sustainability commitments as set out in the SPOP and SIP.
Please click here to download the Terms of Reference (TOR) for SAP.
Please click any of the following to download the SAP minutes of meeting.
SAP Meeting Notes 25 April 2017
SAP Meeting Notes 07 June 2017
SAP Meeting Notes 16 June 2017
SAP Meeting Notes 20 September 2017
SAP Meeting Notes 27 November 2017
SAP Meeting Notes 24 June 2018
Attaining Balance
IOI is committed to fully integrating sustainability into its core businesses. We believe that by attaining balance between development and conservation, it is better able to safeguard the wellbeing of the communities, protection of the environment, and prosperity of stakeholders.
IOI's Contribution to UN SDGs
As a company with global operations, IOI recognises the importance of its role in this global initiative. As such, we identified four United Nations Sustainable Development Goals (UN SDGs) with their specific targets that are most relevant to its business and are in alignment with the pillars of sustainability and SPOP. Please click here for more info on IOI's Contribution to UN SDGs.
Sustainable Palm Oil Policy (SPOP)
IOI’s Sustainable Palm Oil Policy (SPOP) serves as the main guiding document to our sustainability practices. The first SPOP, first launched in March 2014 and last revised in March 2018.