Amanah Saham Pahang (ASPA)
(1) The report alleged that Amanah Saham Pahang (ASPA) – Berabong Estate cleared a total of 156 hectares of forest within their concession between 29 April 2018 and 15 February 2019. The report also mentioned that Chin Teck Plantation Bhd has been sourcing FFB from ASPA.
Musim Mas does not have direct business relationship with ASPA. Hence the engagement was carried out through Chin Teck Plantation (CTP) as the direct buyer of ASPA.
CTP informed us that their representatives and ASPA have liaised on 13 July 2020 and 13 August 2020 to determine the fact of the matter. We were informed of the following:
- ASPA had updated its sustainability policy to include the principle of NDPE in July 2020.
- ASPA is engaged in discussion with a consultant to study the potential remedial actions.
- ASPA is working on a public announcement about the grievance.
Musim Mas requested to be updated on future stakeholder meetings outcomes related to this issue.