SUSTAINABILITYAT INDOAGRI IndoAgri has continued to enhance the maturity of its sustainable business practices. As a plantation operator, we strongly believe that we have the responsibility to actively address our ESG risk factors, while also doing our part to meet the global demand for EOF production. We consistently uphold our dedication and commitment to sustainable operations, supported through R&D, continuous innovation and productivity enhancements. We ensure that the safety and well-being of our employees are prioritised. We offer meaningful livelihoods for locals in communities wherewe operate by providing employment opportunities, responsibly managing land resources, and through our contributions to economic growth. Our Sustainable Agriculture Policy guides all of IndoAgri’s business strategies and activities, establishing the basis for traceable and responsible operations. The Policy is underpinned by the following key commitments: • No Deforestation; • No Planting on Peat, Regardless of Depth; • No Burning; • Preservation of High Conservation Value and High Carbon Stock Areas; • Upholding of Labour and Human Rights, including Freedom of Association and Non-Discrimination; and • Upholding of Free, Prior and Informed Consent (FPIC). Recognising the vulnerability of the agribusiness industry to a changing climate, we have actively increased the focus and resources devoted to understanding our exposure to climate risk in recent years. In 2022, we began to adopt the TCFD framework by performing qualitative climate scenario analyses. In the 2023 Sustainability Report, we now fully comply with the TCFD disclosure requirements. While climate-related risks have long been integral to our ERM assessments, in 2023 we expanded our ERM framework to include additional physical and transition risks, thereby improving our ability to identify, assess, manage andmonitor our climate-related risks and opportunities. The ERM team has been working closely with the research, sustainability and operational teams to embed a risk assessment matrix into our business, with the financial and operational impacts informing our mitigative actions and business strategy. KEY SUSTAINABILITY PERFORMANCE IN 2023 • Certified CPO in Indonesia – 493,000 tonnes of ISPO-certified CPO, representing 85% of total nucleus CPO production • Certified Sugar Cane in Brazil – 3.5 million tonnes of Bonsucro-certified production, representing 73% of CMAA’s own sugarcane production • Occupational Health and Safety – Zero paraquat use since 2018 – 100% of sites certified to SMK3 occupational health and safety (OHS) management system with 60 sites achieving the SMK3 Gold award – 25% increase in high-consequence work-related injuries – 24% reduction in recordable work-related injuries – Two work-related fatalities (one in oil palm operations and one in sugar cane operations) One of IndoAgri’s certified mills GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd 26
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