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Our
About This President’s About 2023 Apical2030 Approach to Transformative
Report Statement Apical Highlights Highlights Sustainability Partnerships

APICAL GROUP
SUSTAINABILITY REPORT 2023
CLIMATE

ACTION

Background
The Intergovernmental Panel on Climate Change’s climate-related disclosures such as, Scope 1, 2 & 3
(IPCC) Sixth Assessment Report (AR6) synthesis report emissions.
released in 2023 emphasised that every fraction of
a degree of warming will escalate future climate Thus, with Apical being the second largest vegetable
risk rapidly, even limiting global temperature rise to oil processor with a significant global market share,
1.5 °C is not safe for all. The EUDR implementation it is important for market leaders like us to ensure
on ‘deforestation free’ products also aims to lower sustainable production and processing of palm oil.
GHG emissions and biodiversity loss. Furthermore, Hence, we aim to minimise our emissions while
with the new ISSB standard incorporating the existing the demand for palm oil continues to grow amidst
recommendations of the TCFD and the subsequent the climate crisis. By developing the Apical2030
release of IFRS S1 & S2 standards, companies seeking Sustainability Roadmap to drive climate-related
to apply these standards are required to refine their performance improvements, we are committed to
taking urgent action to combat climate change.

Apical2030 Targets And Performance For Climate Action

Pillar Climate Action Targets Progress Status

Climate Action Reduce 50% GHG emission • Recorded 14% reduction In progress
intensity in our production of Scope 1 and 2 GHG
against 2020 baseline emissions intensity in 2023
from a 2020 baseline
Net-zero by 2050 • Completed Scopes 1, 2 & In progress
3 GHG Emissions Profiling
Template and Training

7A. MANAGING OUR ENVIRONMENTAL FOOTPRINT

MANAGEMENT APPROACH
GRI 3-3
Climate change remains the defining crisis of our These ambitious, time-bound goals, outlined within
time. Recognising the role we play in mitigating the Apical2030 framework, chart our course for climate
its impact, the Climate Action pillar serves as a key action and ensure accountability. We operationalise
aspect of our Apical2030 framework. Through this this vision through various policies and initiatives,
initiative, we strive to reduce the GHG emissions one of which being our enhanced Sustainability
intensity of our production by 50% by 2030, relative Policy 2023.
to a 2020 baseline and achieve net-zero emissions
by 2050.

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