Value Creation Is The Bedrock Of Our Business 104 FGV HOLDINGS BERHAD Sustainability Review SPOTT RANKING PILLAR 3: PROTECTING THE ENVIRONMENT GOING FORWARD FGV is driving efforts to enhance the utilisation of mill products and support the Group’s decarbonisation agenda through various strategies. These include: Furthermore, FGV is currently working on a feasibility study on carbon trading. This initiative has the potential to allow FGV to trade its carbon offsets for monetary benefits, further supporting its sustainability agenda. Moving forward, the Group will strive to meet its targets for the SBTi by establishing long-term goals to achieve net zero emissions by 2050. The Group will also continue to explore further initiatives to reduce energy consumption and strategies to lower the operating costs in various business sectors and subsidiaries. Diversification of Secondary Product Sale Strategy Developing biogas FiT power plants plants located in Pahang and Johor for both FGV and third-party owners. The commercial operation of these power plants is scheduled to begin in 2024/2025. Developing Bio-CNG projects. We are currently engaging with a third party for potential business exploration and/or Bio-CNG supply. Exploring the EFB Oil Recovery Project, where we are looking into the Build, Own, Operate (BOO) arrangement to maximise EFB utilisation. This efforts aims to increase the Group’s revenue in the long run by increasing SRR and the sales of SPO, as well as the collection of land rental fees. Launching the palm-based FOF Project at the Maokil Palm Oil Mill located in Labis, Johor. The plant is estimated to produce 7,000 MT of FOF annually, which is sufficient to meet the plantation’s needs in the surrounding areas. FGV’s Sustainability Framework embraces renewable energy as one of the key initiatives for a sustainable future.
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