genting plAntAtions BeRhAD - MalaysiaStock.Biz

GENTING BERHAD | SUSTAINABILITY REPORT 201748Baha sanctuary at genting tanjung estate, sabah

genting plAntAtions BeRhAD sustAinABility suMMARy

SUSTAINABILITY REPORT 2017 | GENTING BERHAD 49

ABout genting plAntAtions BeRhAD

GentingPlantationshasover247,600hectaresoflandbank,comprisingsome64,600hectaresinMalaysiaandsome183,000hectares(includingthePlasmascheme)inIndonesia.ItownssevenoilmillsinMalaysiaandfourinIndonesiawith a totalmilling capacity of 550metric tonnes (“mt”) of fresh fruit bunches (“FFB”) processed per hour. Sincecommencingoperationsin1980,GentingPlantationsnowhasventuredintomanufacturingofdownstreampalmoil-basedproducts,propertydevelopment,andbiotechnology.

genting plAntAtions’ FouR-pillAReD sustAinABility AgenDA

GentingPlantations’SustainabilityReportisavailablefordownloadfromwww.gentingplantations.com/sustainability

enviRonMent

• To practise responsible stewardship of theenvironmentgiventhatourbusinessiscloselyrelated to nature

• To strive to adhere to the principles ofsustainable development for the benefit ofcurrent and future generations

woRKplACe

Asourpeopleisourmostimportantasset,westrive

• To create a conducive and balancedworkingenvironment encircling goodpractices, safetyandwell-beingofemployees

• To attract and retain talent, and nurture ouremployees toenable themto realise their fullpotential

• Toremunerateemployeescommensuratingtotheiracademicandworkachievements

• To provide continuous development throughtraining and further academic learning

CoMMunity

• To build mutually beneficial relationship withthe communities where we operate and with societyatlargethroughactiveengagement

• Toenrichthecommunitieswhereweoperate

MARKetplACe

• Toconductourbusinesswithhonesty,integrityandacommitmenttoexcellence

• Topersonifyexemplarycorporategovernanceandtransparentbusinessconduct

sustAinABility stAteMent

Genting Plantations aspires to achieve a balanced integration of ethical, social, environmental and economicconsiderationsinthewayitsbusinessesareconductedtocreatesustainablelong-termvalueforstakeholders.

Genting Plantations is fully cognisant that it is imperative for businesses to forge mutually-desirable outcomesfoundedonsharedvaluesforitsstakeholders,andseekstopayasmuchheedtocontinuouslyraisingthesustainabilityperformancetomeetitscommercialgoals.

Hence, Genting Plantations is always guided by the core commitments of its four-pillared sustainability agenda,encompassingEnvironment,Community,WorkplaceandMarketplace.

PART 2

SuSTAiNAbiliTy SummARyGENTING PLANTATIONS BERHAD

GENTING BERHAD | SUSTAINABILITY REPORT 201750

MAteRiAlity AssessMent

Inpreparationforthisyear’sreport,GentingPlantationsrevisiteditsmaterialtopicsreportedinthe2016SustainabilityReportalongsidefeedbackandsuggestionscollectedfromvariousstakeholderengagementsthroughout2017.UnderthepurviewoftheSustainabilityDepartment,thematerialtopicshavesincebeenupdatedtoproduceamorebalancedreportwithimprovedaccuracyandclarity,toreflectGentingPlantations’updatedfocusonEESaspects.ThescopeofGentingPlantations’ report is limited to itsMalaysianOperationswhich includeplantationdivision,downstreammanufacturingdivisionandbiotechnologydivision.

genting plantations’ sustainability policy

“We shall endeavour to harmonise our operations and business growthwith the principles and criteria thatdefinessustainability.Ourcommitmenttosustainabledevelopmentistoensurethatdecisionsmadetodayshallbebeneficialforboththepresentandfuturegenerations.”

Weshall:

Ensurethatallouroperationsaremanagedefficientlywiththehighestpossibleleveloftransparency,integrityandaccountability;

Ensurethatallouroperationscomplywithallapplicablelegalrequirements;

Recognisethatallconflictsandnegotiationswithourstakeholdersshallpreferablybeconductedinafree,priorandinformedmanner;

Continuetoinvestinanddevelopourhumancapital;

Institute systematic development and training programmes to develop highly skilled and competentemployees;

Provideasafeandhealthyenvironmentforallouremployees,contractors,suppliersandvisitors;

Strivetoachievelong-termeconomicandfinancialviability;

Adopteffectiveandpracticalbestmanagementpracticesinallouroperations;

Implementgoodagriculturalpractices,goodmanufacturingprocessesandpreventivemeasurestoavoidanyadverseimpacttotheenvironmentandecosystemwithinandaroundouroperations;

Strivetoconserveandprotectanyvaluablenaturalresourcesandbiodiversitywithinourlandholdings;and,

Advocatelocalcommunitydevelopmentthroughsocialandeducationalinitiatives.

15 GHG refers to Greenhouse Gas

PART 2


potential impacts to genting plantations

gentingplantations’

2017sustainabilityReport Focus

glo

bal

su

stai

nab

ility

go

als

ext

ern

al s

take

ho

lder

s’

sust

ain

abili

ty e

xpec

tati

on

sSupplyChain&Traceability

ProductQuality

Production&Innovation

employee retention

SocialWelfare

OccupationalSafety&Health

GHG15Emissions,Discharge&WasteManagement

stakeholders’ Concerns


sustAinABility highlights 2017

eConoMiC peRFoRMAnCe

PART 2


genting plAntAtions

genting Jambongan oil MillMalaysia’sfirstzerodischargeoilmill

genting indahpura TheBestUrbanLifestyleDevelopmentundertheMixed-use/Hospitality/Commercialcategory(Dot Property Southeast Asia’s Best of the Best Awards 2017)

Johor premium outlets“MostImpactfulInvestment”(SilverWinner)(Iskandar Malaysia Accolades 2016/17)

1.22millionMt FFB produced

RM1.17billionin revenue

274,000Mtof crude palm oil

239,000Mtof refined products

58,000Mtof downstream products(biodiesel & crude glycerine)


sustAinABility highlights 2017 (Cont’D)

enviRonMentAl peRFoRMAnCe

PART 2


soCiAl peRFoRMAnCe

~3% reduction in ghg emissions compared to 2016

93%of total water consumed is from Rain-Fed sources(6.0 million m3)

2,322hectares of high Conservationvalue Areas

~566,000mtof Biomass is recycled(equivalent to ~46% ofFFB produced)

nearly

20%of our energy needs comes fromRenewable energy generation(93 teraJoules)

500 hectares of planted area applied withACgt yield Booster

1,000 hectares planted with marker-screenedoil palm seedlings

over

8,400employees

RM2.1millionCommunityinvestments

turnover Rate:

11.59%

hiring Rate:

11.49%

4.98

over

2,200womenemployees

~30%women in management team

zeroworkplace Fatalities for past 3 years

Community learning Centres with

145 students

to date, 9 scholarsbenefitted from thetan sri (Dr) lim goh tong endowment Fund

9 humana schools with 764 students

lost time injury Frequency Rate

injuries for every 1 million man hours worked

Certificationfor 1 palm oil mill and its supply base

isCC euisCC pluscertifications forbiodiesel plants and refinery

Certificationfor 4 palm oil mills and supply bases, and refinery


APPENdixSUSTAINABILITY

REPORT

gRi Content inDex


APPENdix

GRI CONTENT INDEx

ThisreporthasbeenpreparedinaccordancewithGRIStandards2016:CoreOption

gRi standard Disclosure page number (s)

gRi 101: Foundation 2016

general Disclosures

GrI 102: General Disclosures2016

oRgAnisAtionAl pRoFile

102-1 Name of the organisation 1

102-2 Activities,brands,products,andservices 4

102-3 Locationofheadquarters 30

102-4 Location of operations

4102-5 ownership and legal form

102-6 Marketsserved

102-7 Scale of the organisation 4-5

102-8 Informationonemployeesandotherworkers 27

102-9 Supply chain 12, 26

102-10 Significant changes to the organisation and its supply chain None

102-11 precautionary principle or approach

Annual report 2017,CorporateGovernanceOverviewStatement and Statement onRiskManagement and InternalControl

102-12 ExternalinitiativesNotapplicable

102-13 Membershipsofassociations

stRAtegy

102-14 Statementfrommostseniordecision-maker 2

102-15 Keyimpacts,risksandopportunities 2,7-15

ethiCs AnD integRity

102-16 Values,principles,standardsandnormsofbehaviour25-26

102-17 Mechanismsforadviceandconcernsaboutethics

goveRnAnCe

102-18 GovernanceStructure

9-10102-19 Delegatingauthority

102-20Executive-levelresponsibilityforeconomic,environmentaland social topics

102-21Consultingstakeholdersoneconomic,environmentalandsocial topics

11-12

102-22Compositionofthehighestgovernancebodyanditscommittee

Annual report 2017

102-23 Chairofthehighestgovernancebody

102-24 Nominatingandselectingthehighestgovernancebody

102-25 Conflictsofinterest

102-26Roleofhighestgovernancebodyinsettingpurpose,values,and strategy

102-27Collectiveknowledgeofhighestgovernancebody’sroleinsustainabilityreporting

102-28 Evaluatingthehighestgovernancebody’sperformance

102-29Identifyingandmanagingeconomic,environmental,andsocial impacts

13-15



gRi 101: Foundation 2016

general Disclosures

GrI 102: General Disclosures2016

goveRnAnCe (Cont’D)

102-30 Effectivenessofriskmanagementprocesses 22

102-31 Reviewofeconomic,environmentalandsocialtopics 13-15

102-32 Highestgovernancebody’sroleinsustainabilityreporting9-10

102-33 Communicatingcriticalconcerns

102-34 Natureandtotalnumberofcriticalconcerns

Annual report 2017

102-35 remuneration policies

102-36 process for determining remuneration

102-37 Stakeholders’involvementinremuneration

102-38 Annual total compensation ratio

102-39 percentage increase in annual total compensation ratio

stAKeholDeR engAgeMent

102-40 Listofstakeholdergroups 11-12

102-41 Collectivebargainingagreements Notapplicable

102-42 Identifyingandselectingstakeholders

11-12102-43 Approachtostakeholderengagement

102-44 Key topics and concerns raised

RepoRting pRACtiCe

102-45 entities included in the consolidated financial statements 4

102-46 DefiningreportcontentandtopicBoundaries 1,8

102-47 List of material topics 13-15

102-48 restatements of information 27-31

102-49 Changesinreporting 8,13-15

102-50 reporting period

1

102-51 Dateofmostrecentreport

102-52 reporting cycle

102-53 Contactpointforquestionsregardingthereport

102-54 ClaimsofreportinginaccordancewiththeGRIStandards

102-55 GRIContentIndex 53-59

102-56 ExternalAssuranceTobeappliedinthe future

APPENdix

GRI CONTENT INDEx



Material topics

gRi 200: economic topics

economic performance

GrI 103: Management Approach 2016

103-1 ExplanationofthematerialtopicanditsBoundary

16103-2 The management approach and its components

103-3 Evaluationofthemanagementapproach

GrI 201: economic performance 2016

201-1 Directeconomicvaluegeneratedanddistributed 16-17

201-2Financialimplicationsandotherrisksandopportunitiesdueto climate change

18,23-24

201-3 Definedbenefitplanobligationsandotherretirementplans 29

201-4 Financialassistancereceivedfromgovernment

Annual report 2017, GovernmentGrant

Market presence





GRI202:Marketpresence 2016

202-1Ratiosofstandardentrylevelwagebygendercomparedtolocal minimum wage

Notapplicable

202-2proportion of senior management hired from local community

27

indirect economic impacts



32



GrI 203: Indirect economic Impacts 2016

203-1 Infrastructureinvestmentsandservicessupported

203-2 Significant indirect economic impacts

Anti-corruption



25-26



GrI 205: Anti-corruption2016

205-1 Operationsassessedforrisksrelatedtocorruption

205-2Communicationandtrainingaboutanti-corruptionpoliciesand procedures

205-3 Confirmedincidentsofcorruptionandactionstaken

gRi 300: environmental topics

Materials



23-24



GrI 301: Materials 2016

301-1 Materialsusedbyweightorvolume

301-2 recycled input materials used

301-3 Reclaimedproductsandtheirpackagingmaterials Notapplicable

APPENdix

GRI CONTENT INDEx



Material topics


energy



23-24103-2 The management approach and its components


GrI 302: energy 2016

302-1 energy consumption within the organisation

302-2 energy consumption outside the organisation Notapplicable

302-3 energy intensity 23-24

302-4 reduction of energy consumption 18,23

water





GRI303:Water2016

303-1 Waterwithdrawalbysource Notapplicable

303-2 Watersourcessignificantlyaffectedbywithdrawalofwater None

303-3 Waterrecycledandreused 40, 46, 51

Biodiversity



40, 46, 51



GRI304:Biodiversity2016

304-1Operationalsitesowned,leased,managedinoradjacentto,protectedareasandareasofhighbiodiversityvalueoutsideprotected areas

304-2Significantimpactsofactivities,productsandservicesonbiodiversity

304-3 Habitatsprotectedorrestored

304-4IUCNRedListspeciesandnationalconversationlistspecieswithhabitatsinareasaffectedbyoperations

emissions



23-24



GrI 305: emissions 2016

305-1 Direct(Scope1)GHGemissions

305-2 Energyindirect(Scope2)GHGemissions

305-3 Otherindirect(Scope3)GHGemissions

305-4 GHG emissions intensity

305-5 reduction of GHG emissions

305-6 Emissionsofozone-depletingsubstances(ODS) Notapplicable

305-7Nitorgenoxides(No

x),sulphuroxides(So

x),andother

significant air emissions24

APPENdix

GRI CONTENT INDEx


APPENdix

GRI CONTENT INDEx


Material topics


effluents and waste



23-24



GRI306:EffluentsandWaste2016

306-1 Waterdischargebyquantityanddestination

306-2 Wastebytypeanddisposalmethod

306-3 Significant spills None

306-4 Transport of hazardous waste 24

306-5 Waterbodiesaffectedbywaterdischargesand/orrunoff None

environmental Compliance



22



GRI307:EnvironmentalCompliance2016

307-1Monetaryvalueofsignificantfinesandtotalnumberofnon-monetarysanctionsfornon-compliancewithenvironmentallaws and regulations

supplier environmental Assessment



26



GRI308:SupplierEnvironmentalAssessment

308-1Percentageofnewsuppliersthatwerescreenedusinglaborpractices criteria

gRi 400: social topics

employment





GrI 401: employment 2016

401-1 Newemployeehiresandemployeeturnover 27, 29

401-2Benefitsprovidedtofull-timeemployeesthatarenotprovidedtotemporaryorpart-timeemployees 29

401-3 Parentalleave

occupational health and safety



30



GrI 403: occupational Health and Safety 2016

403-1 Workersrepresentationinformaljointmanagement-workerhealth and safety committees

403-2 Typeofinjuryandratesofinjury,occupationaldiseases,lostdaysandabsenteeism,andtotalnumberofwork-relatedfatalities

403-3 Workerswithhighincidenceofhighriskofdiseasesrelatedto their occupation

403-4 Healthandsafetytopicscoveredinformalagreementswithtrade unions


APPENdix

GRI CONTENT INDEx


Material topics

gRi 400: social topics

training and education



31



GrI 404: Training and education 2016

404-1 Averagehoursoftrainingperyearperemployee

404-2Programsforupgradingemployeeskillsandtransitionassistance programs

404-3Percentageofemployeesreceivingregularperformanceandcareerdevelopmentreviews

Diversity and equal opportunity





GRI405:DiversityandEqualOpportunity2016

405-1 Diversityofgovernancebodiesandemployees

non-discrimination





GRI406:Non-discrimination 2016

406-1 Incidentsofdiscriminationandcorrectiveactionstaken

local Communities





GrI 413: Local Communities2016

413-1operations with local community engagement, impact assessmentsanddevelopmentprograms

GentinG Berhad (7916-A)

24th Floor, Wisma GentingJalan Sultan Ismail50250 Kuala Lumpur, Malaysia

T : +603 2178 2288 / 2333 2288F : +603 2161 5304

www.genting.com

COPYRIGHT 2018 © GENTING BERHAD (7916-A). All rights reserved.

genting plAntAtions BeRhAD - MalaysiaStock.Biz

Documents

Transcript of genting plAntAtions BeRhAD - MalaysiaStock.Biz