2024 Highlights and Progress
This section outlines our accomplishments and progress towards our sustainable development goals over the past year.
The eighth Musim Mas Group (‘Musim Mas’ or the ‘Group’) report updates the Group’s sustainability performance for the 2024 calendar year. It has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, including the GRI 13 Sector Standard for Agriculture, Aquaculture, and Fishing, as well as the Sustainability Accounting Standards Board (SASB) guidelines. This document also includes reporting against the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations following a 2024 assessment. Ernst & Young LLP (EY) provided limited independent assurance on selected disclosures in this report.
I am pleased to present our 2024 Sustainability Report, which reflects the progress we made last year and the future we are shaping. 2024 was marked by increasing geopolitical instability and economic uncertainty. As an international business, such developments will inevitably test our business resilience. We must be nimble to adapt while making no compromise on sustainable business growth, climate action, and innovation. In this report, we share how we have navigated emerging regulatory demands, deepened our commitment to address climate change and upheld strong labour and human rights standards across the palm oil sector.
Executive Chairman and CEO, Musim Mas Group
We report on our progress against our four Sustainability Pillars, which rest on the core components of sustainability, namely people, planet, and profit.
Improve the Lives of Smallholders, Workers, and Communities
Deliver Positive Environmental Impacts
Maintain Responsible and Enduring Relationships with Suppliers, Customers, and Stakeholders
Drive Innovation in Sustainable Practices
Musim Mas is actively contributing to the United Nations Sustainability Development Goals (SDGs). We recognize the role businesses play in ensuring the success of the UN agenda and the importance of using a common language to communicate our sustainability progress.
We mapped our material topics and program objectives to the SDGs and their targets, outlining the primary and secondary SDGs to which we contribute. We revisited this exercise for this report as part of our annual materiality update and mapped our downstream risks and opportunities as well.
See our Sustainability Report 2024 for more on our SDG contributions and reporting.
Sustainability at Musim Mas means providing high-quality and innovative palm oil products and derivatives responsibly. We aspire to be a responsible leader in the evolution of the palm oil industry. To that end, we work hard with our stakeholders to address their concerns, such as greenhouse gas emissions, loss of biodiversity, as well as labour and human rights.
