November 8, 2023 -- “We are honoured to receive this meaningful award. We have embodied principles of ESG long before the term became fashionable. We embrace a comprehensive and integrated strategy to decarbonise our business operations, aiming to achieve a Group-wide net-zero greenhouse gas (GHG) emissions target by 2040. Our ESG strategies encompass circularity, cutting-edge green technologies and innovation in the areas of resources optimisation, GHG reduction and energy efficiency. Recently, we have commissioned a new palm wood factory to commercially produce high-performance wood panels from the underutilised oil palm trunks,” said IOI Group Managing Director and Chief Executive Dato’ Lee Yeow Chor.
(File pic by IOI Corporation).
IOI Corporation Berhad (IOI) secured a Gold award in the plantation sector under the equities category for the second time at the second The Edge Malaysia ESG Awards 2023 on Monday, 6 November 2023. Our consecutive win reinforces IOI’s leadership position in the environmental, social and governance (ESG) dimension.
At a glance
- Company
- IOI Corporation Berhad
- Announcement
- Award
- Location
- Kuala Lumpur, Malaysia
Key figures
- Consecutive wins
- second time
- Net-zero greenhouse gas emissions target
- 2040
- Companies receiving awards
- 48 companies
- Awards presented
- 63 awards
- Qualified Malaysian listed companies
- 356
- Qualified funds
- 69
People
- Dato’ Lee Yeow ChorIOI Group Managing Director and Chief Executive
- Dr Surina IsmailIOI Group Head of Sustainability
- Datuk Muhamad Umar SwiftBursa Malaysia Bhd Chief Executive Officer
Products and programs
IOI Group Head of Sustainability Dr Surina Ismail (third from right) received the accolade from Bursa Malaysia Bhd Chief Executive Officer Datuk Muhamad Umar Swift (third from left) during the gala dinner at Hilton Kuala Lumpur, where 48 companies including IOI received 63 awards. We thank The Edge Malaysia for this esteemed recognition which motivates us to continue our journey as a responsible corporate citizen.
(File pic by IOI Corporation).
The annual ESG Awards is hosted by The Edge Malaysia in partnership with Bursa Malaysia and FTSE Russell, with Morningstar as the knowledge partner and Deloitte as the auditor. This year’s awards advocated for more public-private collaboration to realise Malaysia’s sustainability goals. It also saw increased public-listed companies (PLCs) participation, with 356 qualified Malaysian PLCs and 69 funds contending for the equities and funds categories respectively.
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In brief
IOI Corporation Berhad received a Gold award in the plantation sector’s equities category at The Edge Malaysia ESG Awards 2023, marking its second consecutive win. The recognition was presented at a gala dinner at Hilton Kuala Lumpur on November 6. IOI Group Head of Sustainability Dr Surina Ismail accepted the award from Bursa Malaysia Chief Executive Officer Datuk Muhamad Umar Swift. The company says its sustainability work includes efforts to cut greenhouse gas emissions and improve resource use and energy efficiency, with a Group-wide net-zero emissions goal for 2040. It also recently commissioned a facility to make wood panels from oil palm trunks. The awards, held with Bursa Malaysia and FTSE Russell, included 48 companies receiving 63 awards; 356 Malaysian listed companies and 69 funds qualified to compete in their respective categories.
Key takeaways
- IOI won Gold in the plantation equities category, its second consecutive award at the event.
- The company says it targets Group-wide net-zero greenhouse gas emissions by 2040.
- A recently commissioned IOI factory makes wood panels from underused oil palm trunks.
- The awards recognized 48 companies with 63 awards; 356 listed companies and 69 funds qualified to compete.
