Page 6 - APICAL_SR2023

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

APICAL GROUP
SUSTAINABILITY REPORT 2023
PRESIDENT’S STATEMENT

Lastly, in Inclusive Progress, we have officially rolled Our sustainability journey continues
out our Sustainable Living Village (SLV) Programme – achieving our ambitious goals will
in Aceh Singkil, following its launch in January 2023.
This marks a crucial step forward in promoting forest require ongoing dedication and
conservation and protection as well as improving the strategic investment.
livelihoods of the community, while closely working
together with local communities and the government. and/or renewable diesel, enabling the reduction of
We have also completed our inception phase in three CO emissions. We aim to play a significant role in
villages in East Kalimantan for the SLV programme. 2
1
supplying the plant with 2G feedstock to address
We remain steadfast in our commitment to the SMILE industry challenge of accessing raw materials for SAF
programme, which centres on fostering inclusivity and production. Our involvement in SAF represents our
promoting positive engagement with independent commitment in promoting sustainable energy and
smallholders. These components are essential for transition to low carbon.
driving significant transformations and working
Apical and Asian Agri successfully concluded a
together to tackle climate change while adhering to
three-year, US$1 billion Sustainability Linked Loan (SLL)
evolving regulatory standards alongside smallholders.
to bolster our sustainable operations and facilitate
MILESTONES IN 2023 our expansion endeavors. This loan is tied to three
key performance indicators (KPIs) that underscore
Notwithstanding the headwinds confronting the our dedication to supplier engagement for enhanced
industry, 2023 marked many noteworthy milestones traceability, the utilisation of renewable energy
for Apical. One notable initiative was the transition and collaboration with suppliers to adhere to our
from our Sustainability Policy 2014 to the enhanced NDPE policy.
Sustainability Policy 2023 that reaffirms our unwavering
commitment to responsible corporate citizenship
and dedication to becoming the most reliable
integrated processor of sustainable vegetable oil and
value-added downstream products. This enhancement
complements the launch of our Apical Group's Human
Rights Policy. This policy aligns with international
human rights standards and ensures our respect for
fundamental human rights throughout our supply
chain.
Apical also made strides on the aviation front through
a joint venture with Cepsa to produce second
generation (2G) biofuels by constructing the largest
plant in southern Europe, which can produce SAF

1 Organic waste such as agricultural waste and used cooking oils

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