Achieving Sustainable Growth CREATING BUSINESS OPPORTUNITIES Why it matters Consistently creating business opportunities is essential for the Group’s continued sustainable growth and supports smallholders’ livelihoods. Fostering this practice drives economic development, cultivates competition, creates jobs, and adds value along the supply chain. It further stimulates innovation, introduces fresh product offerings, and empowers smallholders, advancing the business and benefiting local communities. BPlant’s Approach BPlant contributes to sustainable long-lasting business and economic growth in local communities by supporting smallholders, creating job opportunities, and collaborating with over 1,000 local suppliers and vendors across the group. BPlant’s Progress FFB Sourcing Source of FFB (%) g Sourced from own plantations g Sourced from 3rd party producers and traders (including independent smallholders) 2021 88 12 2022 82 18 2023 85 15 In 2023, 15% of our FFB were sourced from 3rd party producers which includes independent smallholders. Type of Procurement Over the past three years, BPlant has consistently ensured that 100% of our procurement activities are sourced locally. A worker holding oil palm loose fruits during harvesting at Bebar Estate, Pahang Boustead Plantations Berhad 154
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