BPlant’s Progress In 2023, BPlant has reported zero cases of non-compliance related with data privacy and cybersecurity. ZERO cases concerning substantiated breaches of customer privacy and losses of customer data TRACEABILITY AND SUPPLY CHAIN Why it matters Traceability in the supply chain ensures adherence to ethical and environmental standards, promoting accountability and compliance with regulations. As we trace products through each stage, we uphold customer expectations, enhance efficiency, and foster positive societal impact in the long term. This transparency builds trust, drives sustainability efforts, and ensures that products meet ethical and environmental criteria throughout their journey from production to consumption. BPlant’s Approach Vendors Registration BPlant prioritises vendors that adhere to relevant health, safety, environment, employment and statutory regulations, and as such requires all suppliers to undergo a rigorous process to assess their capabilities in ethical and reliable supply. As part of process, we require all vendors, workers, agents, and subcontractors to adopt our Vendor Code of Conduct, reflecting the Group’s approach to social and environmental responsibility, and ethics. To streamline procurement for further efficiency and transparency in our vendor management, we have also established an e-procurement system called Procurehere. Transparency and Traceability Aligned with stringent palm oil industry regulations, we place utmost importance on responsible and sustainable palm oil production. In 2023, BPlant prioritised enhancing supply chain transparency and traceability to promote responsible and sustainable palm oil production, mitigating risks associated with environmental and social impacts. Our initiatives included certifying FFB smallholders with RSPO Certification through a collaboration with Wild Asia under the Wild Asia Group Scheme (WAGS), while raising awareness on traceability with 50% of our suppliers. By implementing traceability systems, we ensure compliance with regulations and demonstrate accountability to regulators and stakeholders and verify our suppliers’ adherence to environmental and social responsibility standards. BPlant’s Progress At present, we do not disclose our percentage on the Traceability to Plantation. Instead, we monitor based on our suppliers’ submission of the Sustainability Pledge and Sustainability Information Form. In 2023, 85% of our suppliers submitted their Sustainability Pledge, while 67% submitted the Sustainability Information Form. 2021 2022 2023 Sustainability Pledge N/A 67% 85% Sustainability Information Form N/A 42% 67% Note: N/A - Not available 01 Vendors interested in providing services must complete registration and submit necessary documents for legality verification 02 Vendors on approved list will be invited to tender for projects, with evaluation including technical assessment 03 Awarded contractors will be evaluated biannually or upon project completion Integrated Report 2023 151
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