HUMAN CAPITAL SOCIAL AND RELATIONSHIP CAPITAL NATURAL CAPITAL Our workforce is large-scale, consisting of both local and foreign skilled labour to meet the gruelling demands of plantation work at our estates and palm oil mills. The smooth running of our operations relies heavily on us providing a supportive and conducive work environment, while safeguarding employees’ rights and adhering to all applicable labour regulations. We also invest in developing capabilities through regular training and development programmes. We value the deep relationships we have built with various partners who contribute to our sustainable development and business scalability. Key among these stakeholders are our valued small and medium-sized local vendor partners. As part of our commitment to safeguard their livelihoods, we undertake initiatives such as the Boustead Community Road Maintenance Programme. Concurrently, given the ever-growing importance of environmental, social and governance (ESG) values in our operations, our active membership in the Roundtable on Sustainable Palm Oil (RSPO) ensures we stay informed about and adhere to current industry best practices. INVESTMENT IN EMPLOYEE TRAINING AND DEVELOPMENT AND STAFF WELFARE RM6.0 million (2022: RM4.6 million) ELECTRICITY CONSUMPTION 31,358 MWh (2022: 36,841 MWh) WATER CONSUMPTION 4,770,739 m3 (palm oil mill and domestic processing) (*2022: 3,645,790 m3) EMPTY FRUIT BUNCH (EFB) PRODUCTION 214,340 MT (2022: 241,907 MT) EFB APPLICATION TO FIELD 187,912 MT (2022: 209,358 MT) * We have restated the figure for 2022 to reflect the validated amount. TOTAL NUMBER OF ACTIVE SUPPLIERS 1,045 (2022: 717) LOCAL PROCUREMENT AT BOUSTEAD ESTATES AGENCY SDN BHD 100% (2022: 100%) ACTIVE FFB SUPPLIERS 55 (2022: 66) As an established plantation company, we are well-aware of the impact of our operations on the natural environment and the responsibility we have towards maintaining ecological balance. Our sustainability-driven mindset sees us actively collaborating with the Department of Wildlife and National Parks of Peninsular Malaysia, Sabah Forestry Department, Sabah Wildlife Department, Environmental Protection Department of Sabah and the Natural Resources and Environment Board Sarawak to protect biodiversity in areas with high conservation value. Additionally, our commitment to high environmental standards has resulted in rigorous policies and procedures in place for waste management, which is further supported by our Zero Waste Strategy. Integrated Report 2023 037
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