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Our Milestones

2022JulyIOI Corporation Berhad announces the closure of the IOI Pelita (Sarawak) Land Dispute Case by RSPO Complaints Panel.
2022JulyIOI Corporation Berhad enters an agreement with UOB Malaysia to undertake the first green trade financing facility under the UOB Green and Sustainable Trade Finance Framework.
2022MayIOI Pelita Plantation signed the final settlement agreement with the eight local communities from the Tinjar area of Sarawak ending a decades-long land dispute that started before IOI Corporation Berhad acquired the joint venture company with the Sarawak State Land Custody and Development Authority in 2007.
2022FebruaryIOI Corporation Berhad officially supported the Task Force on Climate-related Financial Disclosures (TCFD), which is aimed at creating a more resilient financial system and safeguarding against climate risk through better disclosures.
2022JanuaryIOI Group organised an inaugural Annual Innovation Convention 2022 where 13 teams from both upstream and downstream divisions submitted their innovative ideas and three winners were picked from each business stream.
2022JanuaryIOI Group held its hybrid Dialogue with GMD with more than 350 IOI Family members in attendance. Group Managing Director (GMD) & Chief Executive Dato’ Lee Yeow Chor and the top management spoke about our 2020/2021 achievements as well as future plans for growth, expansion, and development in both our core and non-core businesses.
2021DecemberIOI Corporation Berhad was upgraded to ‘BBB’ from ‘BB’ in the 2021 MSCI Environmental, Social and Governance ratings.
2021MayBSR (Business for Social Responsibility) facilitated our first virtual Sustainability Consultation Forum (SCF) on 18 May 2021 with the attendance of 40 of IOI Group’s (IOI) senior leadership and management team as well as 14 external participants from the RSPO, MPOCC, Jabatan Tenaga Kerja, international brands and IOI’s Sustainability Advisory Panel, where discussions were centred on efforts to address the current labour challenges that are faced by IOI and the palm oil sector in Malaysia with specific focuses on 1) Responsible Recruitment Practices, particularly in Peninsular Malaysia, and 2) Legalisation, particularly in Sabah.
2021MayIOI Corporation Berhad kicks off a climate risk assessment, which follows the Taskforce on Climate-Related Financial Disclosure (TCFD) guidelines. Subsequently, interviews and workshops with key management personnel will be scheduled from June till September 2021, in line with our new reporting and disclosure frameworks with all our stakeholders.
2021MarchIOI Corporation Berhad (IOI) achieved a significant breakthrough in the dispute resolution for IOI Pelita Plantation Sdn Bhd’s land in Miri, Sarawak, where IOI Pelita will relinquish its interest over 5,000 hectares (ha) of native land, out of the total area of approximately 9,000 ha. The land will be declared a Native Communal Reserve by the Sarawak state government. The final dispute settlement will be discussed in the negotiation stage.