Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Annual Report 2024 53 CORPORATE GOVERNANCE MANAGING STAKEHOLDER RELATIONSHIP PRINCIPLE 13: Engagement with Stakeholders The Company’s agribusiness operations are constantly exposed to rapidly changing opportunities and risks related to the environment, communities and stakeholders. These opportunities and risks are addressed through formal management processes, an open and responsible work culture, and partnerships with key stakeholders, which includes local communities, customers, suppliers and civil society organisations. Steps are taken to improve operational efficiencies and innovations as part of the Company’s pledge towards sustainable agriculture, community development and workplace safety. In line with the Board’s commitment to maintaining high ethical standards, the Company has established the following corporate policies: (1) Code of Conduct and Company Culture The Company adopts Indofood’s Code of Conduct and core values. The Code of Conduct includes two policies on Company Business Ethics and Work Ethics of Employees. The core values of Indofood are Discipline, Integrity, Respect, Unity, Excellence and Innovation. Sharing the same company culture as PT ISM allows the Company to engage with stakeholders and conduct its businesses in a manner that is consistent with its parent company. The Code of Conduct and core values are regularly communicated and reinforced at staff engagement platforms. They are also easily accessible by all employees on the Company’s website. Any violations of the Code of Conduct are deemed to be a breach of the employment contract and could lead to disciplinary actions or dismissal. (2) Sustainable Agriculture Policy The Sustainable Agriculture Policy applies to all the Company’s operating units, plasma smallholders and thirdparty CPO suppliers. It sets out how the Company achieves responsible and traceable supplies, taking into consideration the risks and opportunities arising from the ESG factors, as well as interactions with different stakeholder groups. The key commitments under this policy are as follows: • No Deforestation; • No Planting on Peat, Regardless of Depth; • No Burning; • Preservation of High Conservation Value and High Carbon Stock Areas; • Respect for Labour and Human Rights, including Freedom of Association and Non-Discrimination; and • Free, Prior and Informed Consent (FPIC).
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