Defined and Focused
Approach with EESG

The BSC has three Independent Non-Executive Directors: Dr. Nesadurai Kalanithi as Chairperson and Dato’ Kong Sooi Lin, and Datuk Zurinah Binti Pawanteh as members of the committee. In the performance of all its duties, the BSC is accountable to the Board especially in providing strategic focus and direction for sustainability development as well as supporting the Board in establishing high level direction related to the Group’s sustainability matters and EESG matters. The committee is also responsible, through the Group Sustainability Steering Committee (“GSSC”), for managing the EESG risks and opportunities, and for reviewing IOI’s sustainability materiality matters before recommending to the Board for final approval. It is to be noted that the BSC oversees responsibilities, through the GSSC, in the topics mentioned here (but not limited to):

• Environmental protection (NDPE, biodiversity and ecosystems) and conservation
• Climate change related to management of GHG emissions and IOI’s net zero pathway
• Human rights especially pertaining to the well-being of our workforce
• Safety and Health which has consistently been the top material matters for the past 10 years
• Free, prior, and informed consent (FPIC) and community welfare
• Circularity, including managing natural resources
• Long-term sustainability of IOI’s business operations

Reporting directly to the BSC, the GSSC ensures that the Group’s sustainability agenda, commitments, and issues are effectively discussed, approved, and implemented. GSSC shall meet not less than two times a year to discuss sustainability highlights, sustainability performance, and divisional responsibilities for managing the EESG impacts overall. GSSC also exercises its responsibilities by reviewing policies, standards, and risks, ensuring effective functioning of IOI’s Grievance Mechanism, and reviewing the contents of the Annual Sustainability Report as required by various local and international standards.

The SAP comprises non-governmental organisations (“NGOs”), international brands, subject-matter experts, as well as representatives from senior management of IOI. The panel is responsible for advising the Group on its sustainability commitments. Furthermore, the panel is the core external panel members of the SCF – a platform for internal stakeholders of IOI to discuss and gather feedback on complex sustainability topics with external stakeholders, such as, industry professional, government agencies, customers, etc.

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The CFDC is responsible to systematically track and document financial investments or projects that aim to reduce and/or remove GHG emissions throughout IOI’s operations in alignment with the recommendation on TCFD. CFDC is chaired by the Group Chief Financial Officer (“GCFO”) and includes project leads from relevant departments such as Finance, Sustainability, and Operations.

The CSO is responsible for corporate sustainability and leading the Group’s sustainability initiatives. Reporting directly to the GMD, the CSO also helps to align the Group’s strategy and ensures the implementation of all sustainability commitments, policies, and guidelines across the Corporation, Plantation, and Resource-based Manufacturing divisions through the GSSC.

The sustainability lead within each division assists in integrating and implementing sustainable practices, initiatives, and compliance across the business operations. They are also responsible for overseeing the day-to-day practices of sustainability related matters at their respective business segments.