Sarawak Oil Palms Bhd 2020 AR2
The report highlights Sarawak Oil Palms Berhad's financial and operational performance for the fiscal year 2020, alongside its fourth annual sustainability disclosures. Despite challenges from the COVID-19 pandemic and labor shortages, the company achieved a significant increase in profit after tax to RM220 million, driven by higher palm product prices. The Group successfully maintained 100% MSPO certification across all its estates, mills, and downstream facilities, and achieved 100% traceability to mill level for crude palm oil and palm kernel. Additionally, the company continued its commitment to the No Deforestation, No Peat, and No Exploitation (NDPE) policy, actively engaging with third-party suppliers to align them with its sustainability standards.
Company: Sarawak Oil Palms Bhd
Sector: Consumer Staples
Country: Malaysia
Year: 2020
Type: AR2
Pages: 240
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Sarawak Oil Palms Bhd
Annual Report
The report highlights Sarawak Oil Palms Berhad's financial and operational performance for the fiscal year 2020, alongside its fourth annual sustainability disclosures. Despite challenges from the COVID-19 pandemic and labor shortages, the company achieved a significant increase in profit after tax to RM220 million, driven by higher palm product prices. The Group successfully maintained 100% MSPO certification across all its estates, mills, and downstream facilities, and achieved 100% traceability to mill level for crude palm oil and palm kernel. Additionally, the company continued its commitment to the No Deforestation, No Peat, and No Exploitation (NDPE) policy, actively engaging with third-party suppliers to align them with its sustainability standards.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities