Sime Darby Plantation Bhd draw up plans for net-zero
Source: https://www.thestar.com.my/business/business-news/2022/12/27/companies-draw-up-plans-for-net-zero
Sime Darby Plantation Bhd (SDP), the world’s largest producer of certified sustainable palm oil, has developed a net-zero strategy that commits to 100% reduction in scope one and two (direct and indirect) emissions by 2050, with all unabated scope emissions balanced by an appropriate amount of carbon removals or offsets, said SDP chief sustainability officer Rashyid Redza Anwarudin. SDP’s net-zero strategy has a three-pronged approach involving: acceleration of renewables programme; SDP will have more than 40 biogas plants across the country by 2030, which will address much of the emissions from mill effluent, Up to 70% of SDP’s footprint for non-Flag (Forest, Land Use and Agriculture) scope one and two emissions come from methane produced from mill effluent, land use transformation; SDP is expanding its existing reforestation, conservation and biodiversity initiatives – reforestation of non-productive agriculture land as well as large scale tree-planting as a nature-based solution to increase carbon sinks. SDP has decided to reforest 400 ha of peat plantations in East Malaysia. To date, SDP has set aside forest programmes of more than 40,000 ha with over 1.9 million trees planted, accelerating engagements with suppliers; addressing scope three emissions generated from third-party suppliers or others in the value chain, presents the greatest challenge to SDP’s net-zero journey, SDP has achieved 70% compliance among third-party suppliers to achieve a deforestation-free supply chain.