refinery to accommodate a third production line, capable of processing up to 450,000 tonnes of CPO per year. Upon completion of the expansion, scheduled for the second half of 2025, our total CPO refining capacity will increase from 1.7 million tonnes to 2.2 million tonnes annually. EMBEDDING CLIMATE RESILIENCE Bolstered by our adoption of the TCFD framework, we have deepened our understanding of climate-related risks as part of ongoing enterprise risk management (ERM). While challenges such as shifting rainfall patterns, road deterioration and field access during floods are not new, continuously refining our ERM approaches remains essential in addressing escalating physical and transitional risks. Key initiatives have included enhancements to our risk assessment matrix and targeted investments in road infrastructure. In addition to mitigating climate risks, we have advanced our energy conservation efforts by installing more meters to track power utilisation in the factories. These enhancements provide actionable data to address energy inefficiencies at the machine level. For water management, milling operations rely on a mix of rivers, groundwater and rainharvesting systems, while our plantation offices and on-site accommodations draw from groundwater and rain-harvesting. These initiatives underscore our commitment to sustainable resource management. Our original target to achieve ISPO certification across our operations by 2024 was postponed due to new government regulations. We remain committed to maintaining and renewing our current ISPO certificates while ensuring alignment with the new government regulations. Our renewed goal is to achieve 100% ISPO certification across our operations by the end of 2026. Despite this setback, transparency and traceability remain priorities. Today, all FFB and palm kernels processed in our mills are traceable to their source estate, and all processed CPO can be traced to the respective mills. As of end 2024, the Group’s ISPO-certified production stood at 481,000 tonnes, representing 84% of our total nucleus CPO production. In Brazil, CMAA’s Bonsucro-certified production was 2.3 million tonnes of sugar cane, accounting for 46% of total cane production in 2024. Sungai Dua Estate, Riau Group Overview Financials Other information Sustainability and Governance Operation and Financial Review 09 Annual Report 2024
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