2023 Highlights and Progress
This section outlines our accomplishments and progress towards our sustainable development goals over the past year.
Musim Mas Group’s seventh Sustainability Report provides an update on the Group’s sustainability performance for the 2023 calendar year. Prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) guidelines, this report also marks the first time the Group is reporting against the Taskforce on Climate-related Financial Disclosures (TCFD) requirements. Ernst & Young LLP (EY) provided limited independent assurance on selected disclosures in this report
As we present our Sustainability Report 2023, we are faced with three significant and converging long-term developments that are critical to our industry: climate change, regulatory intensification and the viability of independent smallholders. In this Chairman’s Statement, I share our reflections, plans and actions taken as we navigate this complex and rapidly evolving landscape.
Executive Chairman and CEO, Musim Mas Group
We report on our progress against our four Sustainability Pillars, which rest on the core components of sustainability, namely people, planet, and profit.
Improve the Lives of Smallholders, Workers, and Communities
Deliver Positive Environmental Impacts
Maintain Responsible and Enduring Relationships with Suppliers, Customers, and Stakeholders
Drive Innovation in Sustainable Practices
Musim Mas is actively contributing to the United Nations Sustainability Development Goals (SDGs). We recognize the role businesses play in ensuring the success of the UN agenda and the importance of using a common language to communicate our sustainability progress.
We mapped our material topics and program objectives to the SDGs and their targets, outlining the primary and secondary SDGs to which we contribute. We revisited this exercise for this report as part of our annual materiality update and mapped our downstream risks and opportunities as well.
See our Sustainability Report 2023 for more on our SDG contributions and reporting.
Sustainability at Musim Mas means providing high-quality and innovative palm oil products and derivatives responsibly. We aspire to be a responsible leader in the evolution of the palm oil industry. To that end, we work hard with our stakeholders to address their concerns, such as greenhouse gas emissions, loss of biodiversity, as well as labour and human rights.
