28% ABMS ZERO cases of confirmed corruption Achieving Sustainable Growth For each identified risk, we have outlined corresponding mitigation measures to manage and minimise their potential impact. The following table summarises these risks and mitigation measures: Risks Mitigation Measures Human Capital Implementation of Remuneration Policy and Procedure Operational Productivity Strategic Establishment of 25-Year Replanting Programme Cost Financial Market Implementation of Plantation Performance Improvement Programme Legal and Compliance Encouragement of RSPO certifications Anti-Corruption We maintain an unwavering stance against any form of bribery or corruption, enforcing a strict zero-tolerance policy. To mitigate potential occurrences and uphold ethical business practices, we have implemented comprehensive policies designed to prevent, detect, and address any potential breaches of our anti-corruption guidelines. Anti-Bribery Anti- Corruption • To ensure the highest ethical standards are upheld the Group maintains an anti-bribery anti-corruption policy. Any possibilities for corruption will be dealt with decisively and directly No Gift Policy • To avoid any conflicts of interest in business transactions with the Group. Accepting gifts, entertainment, or hospitality could be interpreted as bribery and could harm the Group’s reputation or violate anti-bribery and corruption laws Whistleblowing Policy • To ensure an anonymous and secure channel to report improper conduct. All complaints will be processed swiftly and decisive action will be taken. This provides all stakeholders and employees with a safe and reliable avenue to voice their concerns BPlant’s Performance Throughout 2023, our headquarters office, 13 estates and one palm oil mill were certified with ISO 37001:2016 Anti-Bribery Management Systems (ABMS). We recorded zero confirmed cases of corruption, with only four complaints received via our whistleblowing channel. Additionally, we increased our integrity awareness efforts by publishing 22 integrity awareness publications. FOUR complaints received via BPlant’s whistleblowing channels DATA PRIVACY AND CYBERSECURITY Why it matters In an environment where digitalisation takes centre stage, data privacy and cybersecurity are crucial elements to maintain trust and safeguard against a range of cyberthreats. Inadequate protection can expose the Group to operational disruption, reputation damage, data leaks, and financial penalties stemming from data breaches. BPlant’s Approach We have implemented various cybersecurity measures, including Standard Operating Procedures (SOPs) that enable efficient identification and resolution of potential threats or risks. We ensure that all software used in our operations is licensed to minimise vulnerabilities associated with unauthorised software. Recognising that all parties play a role in maintaining a secure digital environment, we regularly disseminate awareness emails to equip employees with the knowledge and tools needed to navigate potential threats and protect sensitive information effectively. Boustead Plantations Berhad 150
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