3 October 2024, Singapore — Musim Mas (the “Group”) is pleased to announce that the Science Based Targets initiative (SBTi) has officially validated the Group’s greenhouse gas emissions reduction targets. This validation follows the Group’s commitment eight months ago to achieve net-zero greenhouse gas emissions across its value chain by 2050. This commitment aligns with the Paris Agreement’s ambitious goal to limit global warming to 1.5°C.
Musim Mas is proud to have both its near- and long-term science-based emission reduction targets validated under the SBTi Corporate Net-Zero Standard and the SBTi Forest, Land, and Agriculture Guidance (FLAG). Musim Mas’s validated Net-Zero targets mark a significant step for the palm oil industry, concretizing the Group’s commitment to sustainability and responsible practices. This effort is crucial to our broader goal of supporting global climate action and positively impacting the communities and ecosystems linked to our operations.
Using 2021 as the Group’s baseline year, Musim Mas has committed to these near- and long-term targets:
| Category | Near-Term 2030 Targets | Net Zero 2050 Targets |
| Energy and Industry | Reduce absolute scope 1, 2 and 3 GHG emissions by 42% by 20301 | Reduce absolute scope 1, 2 and 3 GHG emissions by 90% by 20501 |
| FLAG | Reduce absolute scope 1 and 3 FLAG GHG emissions by 30.3% by 20302 | Reduce absolute scope 1 and 3 FLAG GHG emissions by 72% by 20502 |
“We are keen to be part of the global movement for ambitious corporate decarbonization. We embarked on decarbonization in 2010 when we installed our first methane capture facility and successfully reduced our upstream emissions intensity over the years. We are proud to have our SBTi targets validated and will continue our journey towards achieving them,” says Olivier Tichit, Director of Sustainability, Musim Mas.
He added, “Looking ahead, Musim Mas is reviewing potential interventions and exploring other collaborations for emissions reductions and removals. We realize that it will be challenging to achieve net zero emissions, but we have a firm conviction that we must urgently take action against climate change. We urge our suppliers and the entire industry to join us in this effort.“
For more details on our SBTi Targets, please visit this link.
Note:
1The target boundary includes land-related emissions and removals from bioenergy feedstocks
2 The target includes FLAG emissions and removals.
About SBTi
Established in 2015, SBTi defines and promotes best practices in emissions reductions and net-zero targets in accordance with climate science. SBTi brings together a team of experts to provide independent assessment and validation of targets in line with climate science, ensuring climate action robustness, credibility, and accountability.
About Musim Mas
Musim Mas Group is an integrated palm oil company globally, operating in 13 countries. From plantations, mills, refineries, kernel-crushing plants, oleochemicals, and specialty fats plants, Musim Mas manufactures palm oil products and value-added derivatives. Musim Mas is one of the largest palm oil producers in the world. The Group develops innovative value-added solutions for its customers, supported by Research and Development (R&D) centers in Singapore and Indonesia. Inter-Continental Oils and Fats (ICOF), a member of Musim Mas Group, undertakes global marketing activities.
The Group is committed to sustainability and was the first company with significant operations in Indonesia to join the Roundtable on Sustainable Palm Oil (RSPO) in 2004. Committed early to emissions reductions, Musim Mas is a signatory to the Agriculture Sector Roadmap to 1.5 Degrees convened by the Tropical Forest Alliance. The roadmap aims to halt commodity-linked deforestation in line with the 1.5-degree pathway while enhancing the livelihoods of smallholder farmers and supporting the sector’s transformation toward forest-positive land-use management. In January 2024, Musim Mas announced that it will strive to achieve net zero by 2050, aligning with climate science as per the Science Based Targets Initiative (SBTi). Musim Mas also manages the most extensive independent smallholder programs in Indonesia.
For media queries, please contact:
Email: media@musimmas.com
Phone: (65) 6576 6500
Media Enquiries: (65) 9012 1582 (WhatsApp Calls only)
