Jaya Tiasa Group (“The Group”) remains committed to its vision of being Malaysia’s acclaimed enterprise in sustainable palm oil and wood based industry. Our sustainability framework remains focused on the three pillars of sustainability – Economic, Environment and Social (“EES”) as we incorporate Environmental, Social and Governance (“ESG”) considerations in our business operations and include definitive ESG performance and accountability in how we measure and disclose the Group’s performance. A testament to this are the several initiatives established to manage our commitment towards sustainability.
To achieve its vision, the Group strives to address and manage the following ESG matters:
The scope of the sustainability framework encompasses the Group’s oil palm plantation operations, palm oil mill operations and timber operations, and the things that are most material to both our organization and stakeholders.
– CEO of Jaya Tiasa Holdings Berhad
Effective governance for sustainable development and robust risk management policies and procedures combined with our core values are keys for achieving long term success.
The Board of Directors oversee the development and adoption of sustainability strategies, policies and goals and ensures company strategies, business plans and risk management take into account sustainability considerations. The Board of Directors have delegated responsibility to the Group’s Sustainability Committee headed by the Group’s Chief Executive Officer and supported by the Executive Directors to formulate sustainability strategies, policies and goals as well as to oversee the implementation of sustainability initiatives.
The Group’s Sustainability Working Team works closely with the Group Sustainability Committee to deliberate on the current sustainability challenges and manages the Group’s sustainability performance and reporting.
The business and the functional units shall implement, execute and administer the sustainability initiatives and report the sustainability performances to the Group’s Sustainability Committee via the Group’s Sustainability Working Team.
The United Nations (UN) adopted 17 Sustainable Development Goals (SDGs) with the aim to call for actions to end poverty, protect the planet, tackle climate change, improve health and education, reduce inequality and ensure that all people enjoy peace and prosperity. With our strong commitment towards sustainable development, we have performed a review and evaluated on how our diverse businesses can contribute to SDGs and have since prioritized nine SDGs that are considered most relevant to the Group and incorporated them into our Sustainability Framework which consists of the four key issues: Economic, Environment, Social and Governance
The table below shows the incorporation of the 9 UN’s SDGs into the Group’s Sustainability Framework.
The stakeholder groups which have significant influence and impact on the Group’s businesses are carefully identified and engaged at various platforms and intervals throughout the year. We prioritize honest and open communications with our internal and external stakeholders to fully understand their sustainability concerns and issues with a view to ensuring that their key interests are aligned with those of the Group.
The Group will continue to uphold our commitment towards sustainability in our policies and business practices and address any new emerging concern on ESG. The interest of all stakeholders will also be adequately dealt with to ensure everyone mutually benefited from the sustainability initiatives implemented.