2015 2016 2020 2021 • Launched 1st BioCNG Plant at Felda Sg Tengi • Launched Group Sustainability Policy (GSP) with clear commitments to climate action • Established Environmental Policy Statement to enhance commitment to climate action and environmental protection • Kicked-off FGV Centralised GHG Inventory (Carbon Accounting) • Formulated Groupwide Climate Action Plan • Committed to science-based targets and net-zero through SBTi Climate action measures are incorporated into our business strategy and action plans, and we will continue to adapt the way we conduct our businesses to avert the adverse impacts of climate change. One of our early landmark initiatives includes the International Sustainability and Carbon Certification (ISCC) of our mills to meet the demand for sustainable biofuel in Europe. We had as many as 15 ISCC-certified mills when the demand for palm-based biofuel (palm methyl ester) was high. We are currently maintaining eight (8) mills under the ISCC certification. In addition, we capture methane gas released from wastewater treatment plants for palm oil mill effluent (POME) at our mills and utilise it as an effort to reduce GHG emissions in terms of Global Warming Potential (GWP). climate action FGV is committed to playing our part as responsible corporate citizens to contribute to the global climate goals. As the adverse impacts of global warming are likely to affect low-income communities first, it is FGV’s obligation as a responsible business and industry leader to be on the frontline of the fight against climate change. Since the start of our biogas operations, we have been closely monitoring the emission reduction in terms of GWP from the utlisation of captured methane. In 2021, we have monitored an increase of 17% of emission reduction in terms of GWP compared to the reduction in 2019. FGV has developed an integrated climate actionplanbasedon six key strategic factors which include climate governance, carbon management, operational efficiency, waste management, water management, and climate awareness. The integrated climate action plan is fundamental to FGV’s success in reaching our reduction target and making a real change. In 2021, we have established a climate action unit as a dedicated management role to strategise and execute the company’s climate action programmes at the working level. This restructuring reflects and reinforces FGV’s heightened commitment to climate action, environmental protection and sustainability agenda. In line with the latest climate science that calls for limiting global temperature rise to 1.5 °C, we are committed to becoming a net-zero business by 2050 through science-based targets approach. Our commitment also supports the national climate agenda to become a carbon neutral country by 2050, and Malaysia’s nationally determined contribution (NDC) to reduce 45% GHG emissions by 2030 as part of the country’s commitment to the 2015 Paris Agreement. 2004 - 2006 2009 - 2011 • Commissioned biomass power plant in Sabah which utilises empty fruit bunches for renewable energy generation • Commissioned 1st biogas plant - methane capturing facility in mill KEY CLIMATE ACTION ACTIVITIES 107 CLIMATE ACTION & ENVIRONMENT PROTECTION ADDITIONAL INFORMATION SUSTAINABILITY REPORT 2020/2021
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