BURSA TOP 20: Who’s The most charitable?
Kuala Lumpur Kepong Berhad (“KLK”), started as a plantation company and its core business remains as the development of oil palm and rubber today, but has now diversified into resource-based manufacturing and property development under KLK Land with operations spanning across 4 continents.
KLK has a holistic Sustainability Policy that serves as the guiding document for the Group’s sustainability practices focused on 4 core areas; Marketplace, Environment, Workplace and Community.
*No monetary value of cash giving or in-kind giving were specified by Kuala Lumpur Kepong Berhad.
KLK reported a record-breaking net profit of RM2.258 billion for FY2021 which is a quantum jump of 192.2% from the previous financial year.
The dividend payout ratio for FY2021 was 47.8% amounting to a total payout of RM1.08 billion.
Total cash contributions made by the Group during FY2021 was not detailed in their annual report.
The total monetary amount worth of in-kind contribution given by KLK was not elaborated in their annual report.
No employee volunteer hours were reported by Kuala Lumpur Kepong Berhad.
|No.||Contribution||Cash Giving (RM) |
Cash giving is a form of monetary form of donation
|In-kind giving |
In-kind giving is a form of donation in goods or services instead of cash such as donations of essential goods or medical supplies to beneficiaries
|Employee Volunteer Hours |
The total volunteer hours and value from company employees involved in any form of initiative or giving (Volunteering value = Average Hourly Rate x Total Volunteering Hours)
|1||KONTANDES project||N/A||Environmental training programme||N/A||Local communities||KLK supported Konservasi Hutan Desa (Village Forest Conservation) or KONTANDES, a collaborative project involving two village forests - Dumaring Village and Biatan Ilir Village which is located in a conservation area covering 9,940 hectares. Through this project, local communities could participate in environmental activities and studies such as forest conservation training, use of drones, GPS, accounting, patrolling and monitoring to help the community grow and create job opportunities. The KONTANDES project also served as a study platform for local universities.|
|2||Fire and haze management||N/A||Manpower, machines, firefighting equipment, firefighting trainings, firefighting teams, a strict patrolling system and fire towers||N/A||Local communities||KLK collaborates with the local government to provide manpower and machines to combat hotspots, even if they are outside concession areas, to assist local authorities and communities by providing firefighting equipment and inviting them for annual firefighting trainings to enhance the level of preparedness in fire prevention. KLK also equipped the estates with firefighting teams, a strict patrolling system and constructed fire towers.|
|3||Biodiversity protection||N/A||9,341 hectares conserved and planted 352,217 forest/fruit trees to date||N/A||Biodiversity||KLK is committed to the HCV and HCS approaches by planting natural vegetation and forest trees. A total of 9,341 hectares has been conserved to protect and enhance the biodiversity value. To date, KLK has planted 352,217 forest/fruit trees spread over their Malaysian and Indonesian operating centres.|
|4||Empowerment through education||N/A||Provide education for children in local communities and shuttle bus services||N/A||19,000 students||The Group manages 81 education facilities to provide education for workers’ children from kindergarten to senior high school. These facilities provide education to 19,000 students annually and are also open to children of local communities living adjacent to KLK's plantations. Over the years, KLK partnered with external parties such as Humana Child Aid Society, Sabah, Indonesia Heritage Foundation and Ministry of Education, Liberia in this pursuit. KLK have also employed teachers and provide shuttle bus services for students to access schools located beyond the estates, or other schools that are relatively far from their home.|
|5||KLKCare food and essential aid programme||N/A||Food supplies||N/A||5,200 families and 4,700 students||In FY2021, the Group reach to 5,200 families in need and 4,700 students from B40 families nationwide via the Food Aid Programme with donation of food supplies.|
|6||Feed the homeless and the poor||N/A||Provide meals, essential supplies and cash contribution||N/A||Beneficiaries and welfare organisations||KLKCare partnered with soup kitchens in Klang Valley and Ipoh to provide meals to the needy during the movement restriction periods. Through the KLKCare Food and Essential Aid Programme, the Group also provided essential supplies and cash contributions to welfare organisations to help them continue with their services for surrounding communities.|
|7||Provision of learning devices to poor students||N/A||Learning devices with data plan and computers||N/A||Students and underprivileged children||KLKCare donated learning devices with data plan and computers to students from B40 families and underprivileged children from charity organisations to enable them in continuing their education through online learning.|
|8||Philanthropy and Yayasan KLK Scholarships||N/A||445 scholarships to date||N/A||445 scholars||Yayasan KLK supports communities via grants, cash contributions and other in-kind donations for causes related to education, community welfare, sports and performing arts. The Group provided scholarships to 445 Malaysians to date from low-income families to pursue higher education through the Yayasan KLK Scholarships programme.|
1.The numerical value for total cash and in-kind giving was not calculated due to lack of individual monetary mentions in the Annual and Sustainability report.
2. The information above is derived from Kuala Lumpur Kepong Berhad’s 2021 Annual Report. Email correspondence was made between between 8 July – 3 August 2022 to seek further clarification, however no reply was received.
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BURSA TOP 20: Who’s The most charitable?