PROTECTING THE ENVIRONMENT SEC 4 80 PROTECTING THE ENVIRONMENT Additionally, to enhance the efficacy of the Climate Action Plan, a dedicated Climate Action Unit was established to oversee our sustainability strategy and the implementation of climate action initiatives at the operational level. FGV’s carbon management plan centres on creating a greenhouse gas (GHG) emission inventory and establishing reduction targets. This process begins with the identification of emission sources within each business unit, gathering input and output data and calculating GHG emissions based on the 2006 Intergovernmental Panel on Climate Change (IPCC) Guideline and the GHG Protocol Corporate Accounting and Reporting Standard. As a measure to mitigate emissions, FGV harnesses methane gas from 28 wastewater treatment plants, effectively curbing its GHG emissions. The monitoring of emissions avoidance from biogas operations utilising captured methane underscores FGV’s commitment to sustainable practices. FGV’s climate action programmes cover our own operations and all players in our supply chain. FGV will actively engage with smallholders and our suppliers to promote our climate action initiative to attain net-zero emissions throughout our value chain by 2050 at the latest. CLIMATE ACTION PLAN Climate Governance Carbon Management Waste Management Water Management Operational Efficiency Climate Awareness Emissions 2015 2020 2025 2030 2035 2040 2045 2050 Base Year 2019 Near-term science-based target FGV to reduce at least 50% of absolute reduction by 2030 Long-term science-based target FGV to reach net zero value chain GHG emissions no later than 2050 Near-term reduction target in line with 1.5˚C pathway to ensure immediate climate action A target that should be achieved by 2050 at the latest to reach net zero and limit global warming to 1.5˚C The commitment to the SBTi and net zero ambition includes all of FGV’s subsidiaries in Malaysia, as well as overseas
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