Climate Change Data

Environmental Metrics

Governance Achievements

• Established Board Committees (Audit, Nomination, Remuneration)
• Adopted Code of Conduct and Ethics
• Approved Whistle Blowing Policy

Climate Goals & Targets

Environmental Challenges

• Expiry of lease for Larkin Investment Property
• Dependency on major customers
• Dependency on adequate labor force
• Dependency on weather conditions

Mitigation Strategies

• Strategies to increase occupancy rate and seek buyers for Larkin Investment Property
• Started supplying FFB to a new customer in 2016
• Intensified efforts to source sustainable supply of foreign labor
• Practicing planting legume cover crops, empty fruit bunch mulching, and improved drainage to mitigate weather risks

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Adverse weather conditions (drought, excessive rainfall)

Environmental Metrics

ESG Focus Areas

• Environmental, Social and Governance (ESG)

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social

Environmental Achievements

• Attained MSPO certification

Social Achievements

• Provided equal employment opportunities
• Established OSH guidelines and SOP
• Donated RM50,000 to UTAR Education Foundation

Governance Achievements

• Appointed a female director and Chairperson for the Audit and Risk Management Committee

Climate Goals & Targets

Environmental Challenges

• Dependency on adequate labor force
• Volatility of CPO prices
• Rising costs of key materials in operations
• Dependency on weather conditions
• Expiry of lease for Larkin Investment Property
• Risks inherent in the durian industry

Mitigation Strategies

• Outsourcing plantation activities to third-party contractors
• Optimization of labor deployment
• Incentive payments to retain workers
• Mechanization initiatives (UGV, motorised cutter)
• Approval for additional foreign workers quota
• Continuous efforts in ensuring optimal productivity and close monitoring and control of plantation costs
• Cost-benefit analyses for expenditures
• Comparative quotations or tenders for significant expenditures
• Stringent approving authority limits for expenditures
• Planting legume cover crops and empty fruit bunch mulching
• Construction and maintenance of silt pits and trenches
• Formation of Durian Project Committee
• Stringent selection of contractors for durian plantation development and maintenance

Supply Chain Management

Responsible Procurement

• Tenders for fertiliser purchases

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: MSPO

Certifications: MSPO

Environmental Metrics

ESG Focus Areas

• Governance
• Diversity

Governance Achievements

• Established a Nomination and Remuneration Committee (NRC) with a focus on long-term sustainability, fair remuneration, and transparent processes.
• Developed and implemented policies on the nomination and appointment of Directors, Committee members, and Chief Officers.
• Developed and implemented a framework and policies on the remuneration of Directors and Chief Officers.
• Conducts annual review on the independence of Independent Directors.
• Conducts annual review on the performance of the Board and Chief Officers in addressing the Company’s material sustainability risks and opportunities.
• Reviews the term of office and performance of the Audit and Risk Management Committee annually.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability

Governance Achievements

• Established three Board Committees: Audit and Risk Management Committee, Nomination Committee, and Remuneration Committee. Later merged Nomination and Remuneration Committees.
• Approved Code of Ethics and Conduct for Directors and Employees (amended in 2020 and 2024)
• Implemented Whistle Blowing Policy (modified in 2020 and 2024)
• Annual evaluation of Board, Board Committees, and individual Directors.
• Adopted Remuneration Policy for Directors and Senior Executives.

Environmental Challenges

• Meeting enhanced sustainability reporting requirements under Bursa Malaysia Securities Berhad's Listing Requirements (effective June 2026).

Mitigation Strategies

• Started planning to ensure compliance with enhanced sustainability reporting requirements.

Supply Chain Management

Climate-Related Risks & Opportunities