A GHG reduction plan has been drafted and will be given to ISCC for comments. Once the plan is ready, it will be implemented and monitored by the plantation sustainability team.
In the meantime, a reporting format for GHG emissions within IOI Group is being developed. Currently, the data is being monitored and is available at individual operating units. The baseline target for GHG emissions is based on the ISCC-EU requirements.
As a step towards further reducing GHG at IOI palm oil mills, IOI has successfully commissioned two biogas plants, one with power generation, in two palm oil mills, Ladang Sabah and Pukin. Currently, IOI is constructing two additional biogas power generation plants in two other mills which are expected to be completed in 2017. All mills are planned to be equipped with methane capture equipment in stages in tandem with available proven technology.
KPAM, our last wholly unplanted concession is under preparation for new planting in accordance with RSPO requirements and our own Group Sustainability Policy commitments.
The two major assessments, High Conservation Value (HCV) Assessment and High Carbon Stock (HCS) assessment, are currently in progress prior to any physical development to be conducted in KPAM.
High Conservation Value (HCV) Assessment
Proforest has been contracted to provide technical support, and the first stage is to gauge whether existing reports are sufficient to ensure compliance of our commitments on HCV and peat management. Following a five-day scoping visit, and comprehensive document review, Proforest has delivered a Phase 1 report in mid-October, 2016.
The report on HCV assessment was received from Aksenta and the peer review for HCV assessment will be carried out by Deameter as recommended by Proforest. Phase 2 will be to carry out work to fill the gaps, if any. A decision on when the new planting will commence will only be taken after the two phases have been completed.
High Carbon Stock (HCS) Assessment
The data for the HCS assessment has been sent to Proforest in early December 2016. In accordance with HCS Approach, peer review by stakeholders will ensue once the document is finalised which is expected to be in first Quarter of 2017.
IOI Corporation Berhad published this content on 09 January 2017 and is solely responsible for the information contained herein.
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