INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
11.
areas surrounding the perimeters of our estates. As a Group,
we fully support the ongoing drive by Indonesia and Singapore
in haze management and responsible farming practices.
Governance
I am pleased that we have won the Singapore Corporate
Award for Best Annual Report (Gold) for companies in the
S$300 million to S$1 billion market-capitalisation category in
2015. The award is a timely recognition of the high standards
we have consistently maintained in our financial disclosure
and reporting. We are encouraged by this accolade and will
continue to work towards higher standards of corporate
governance and responsibility.
Appreciation
On behalf of the Board, I would like to express my deep
appreciation to our dedicated management team and staff
who have helped to navigate the company through the
troubled waters of the business environment. I would also like
to thank my fellow Directors for their profound contribution,
and our customers, shareholders and business partners for
their unrelenting trust and support.
Edward Lee
Chairman
the optimal from our value chain, identifying compelling
opportunities and defending our business against volatility
and disruptions. We will proactively improve operations,
increase yields, raise productivity and control costs. We will
continue our unwavering efforts in realising the full value of
our inherent strengths and competitive advantages.
Responsible agribusiness
2015 marks our fourth year of sustainability reporting.
We are fully committed to RSPO’s principles and criteria
for sustainable palm oil production. With its non-partisan
objectives and clear definitions of sustainability, RSPO
represents the highest and most comprehensive standards
of traceability in the palm oil industry. We are targeting to
certify all our oil palm estates and mills including those of
our plasma smallholders to RSPO by 2019.
The Transboundary Haze Pollution Act has been an
important development for Singapore-registered palm oil
companies with operations in Indonesia. We take seriously
our responsibility in sharing data on hot spots with the local
Indonesian authorities.
Besides the direct impact on the environment, fires in the
plantation pose a mortal threat to our staff, local residents
and the trees. To prevent fire incidents, IndoAgri adheres
strictly to a no-burning policy in our plantations. We have
also implemented a regime to prevent and put out fires in the
An oil palm plantation with buffer zone in South Sumatra
