On 14 July 2024, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof has urged plantation firms to develop their sustainability framework to support commitments to the country’s ESG agenda, underscored the importance of plantation companies developing a sustainability framework.
"This is to ensure a secure future for our next generations, the prosperity of the nation continues to be created, the economy remains sustainable, and there is social well-being."
Fadillah also stated that all organisations in the country should develop such a framework, in line with the 12th Malaysia Plan (12MP), which aims to achieve net-zero greenhouse gas (GHG) emissions by 2050.
For plantation companies, they can contribute to the national economy and the circular economy by generating new energy sources. Biogas and biomass are renewable energy sources that can be derived from plantation waste. This suggests that plantation companies have a role to play in not only developing sustainable practices but also in finding new ways to generate energy.
By embracing sustainable practices and innovation, plantation firms can become leaders in environmental responsibility, economic prosperity, and social well-being. Consumers, investors, and stakeholders can all play a role in supporting these efforts. Together, we can ensure a thriving and sustainable future for Malaysia’s plantation industry.
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Resources: How can plantation firms improve their sustainability strategies?
Mitigating Greenhouse Gas Emissions in Palm Oil Production: How Chlorine Dioxide Can Help?
Revolutionising Palm Oil: How Drones are Driving Sustainable Plantations in Malaysia
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