Climate Change Data

Golden Land Berhad

Climate Impact & Sustainability Data (2023-07 to 2024-06)

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Energy Consumption:1,228,960 liters of diesel and petrol
Water Consumption:66.99 megalitres

ESG Focus Areas

  • Environmental Sustainability
  • Social Sustainability
  • Governance Sustainability

Environmental Achievements

  • Zero instances of non-compliance or environmental-related penalties regarding deforestation, burning, emissions, haze, and peatland protection.
  • Zero non-conformities in ISPO surveillance audits for PT TAL and PT SBS estates.
  • Implementation of an innovative aluminium formwork system for D’Sini project, improving sustainability and efficiency.

Social Achievements

  • 21% reduction in employee turnover rate.
  • Zero workplace fatalities.
  • Investment of RM37,866 in community initiatives (Plantation Division).
  • Donation of used computers to Rumah Limpahan Kasih Puchong Perdana (Property Division).

Governance Achievements

  • Compliance with the Malaysian Code on Corporate Governance (MCCG).
  • Zero incidents breaching regulatory compliance.
  • D’Sini project achieved Green RE certification.

Climate Goals & Targets

Long-term Goals:
  • Develop and plant approximately 13,000 hectares of oil palm by FY2028.
Medium-term Goals:
  • Achieve 100% ISPO certification across all estates.

Environmental Challenges

  • High fuel prices in Indonesia.
  • High costs of contracts, logistics, and consumables in Indonesia.
  • Slowed planting progress in Indonesia due to land matters.
  • Rising construction costs and tighter housing loan approvals in Malaysia.
Mitigation Strategies
  • Focus on socialisation with local communities to resolve land matters in Indonesia.
  • Implementation of mitigation measures to improve long-term yield performance in Indonesia.
  • Active sourcing for new land banks to replenish holdings in Malaysia.
  • Cost rationalisation and improved agronomic practices in Indonesia.
  • Enhanced reward schemes and talent development programs to reduce employee turnover.

Supply Chain Management

Supplier Audits: 100% of spending on local suppliers

Responsible Procurement
  • Prioritising local suppliers who meet price, quality, performance, and ethical standards.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bursa Malaysia’s Sustainability Reporting Guide and Toolkits (3rd Edition), Bursa Malaysia’s Corporate Governance Guide (4th Edition), UN Sustainable Development Goals (SDGs)

Certifications: ISPO (Indonesian Sustainable Palm Oil) - two estates certified., Green RE (D’Sini project)

Third-party Assurance: Company’s Internal Auditors (sampling approach)