WHO'S THE MOST CHARITABLE?
How Malaysia's Biggest Public Companies Give Back To Society?
IOI Corporation Berhad
Fiscal Year-End: 30 June 2022
The net profit of IOI Corp increased in FY2022 to RM1.73 billion from RM1.39 billion during the previous financial year.
The year on year net profit growth at IOI Corp is at 19.40%.
The Group’s dividend payout for the FY2022 amounts to RM869 million
Total cash contributions made by the Group during FY2022, was not specified in their annual and sustainability report.
The total in-kind contributions made by IOI Group is approximately RM60.29 million in their annual and sustainability report.
The total employee volunteer hours by IOI Corp Berhad was not specified in their annual and sustainability report.
IOI Corporation Berhad:
Cash, In-Kind and Employee Volunteer Hours
| No. | Contribution | Based on Previous Yr | Cash Giving | In-kind Giving | Employee Volunteer Hours | Beneficiaries | |
|---|---|---|---|---|---|---|---|
| 1 | South Ketapang Landscape Initiative | N/A | Wildfire prevention | N/A | Community | FY2022 marks the third year of the project and PT SNA, IOI's concession in Ketapang, committed to continue with this project by renewing its cooperation agreement with the Natural Resources Conservation Agency (“BKSDA”), a local conservation agency. This included the continuation of Spatial Monitoring and Reporting Tool (“SMART”) Patrol training with BKSDA at all PT SNA concessions to assist local fire brigades implement wildfire prevention measures and conduct wildlife monitoring within the conservation areas. Joint patrols around the concessions and within the Cagar Alam Muara Kendawangan buffer zone were also carried out using drones, patrol cars and motorcycles. | |
| 2 | HUMANA and CLC | ⬆️ | N/A | HUMANA schools initiative | N/A | Youth | In this initiative, the children attending the HUMANA schools are provided with tuition fees, school uniforms, school bags & stationeries, nutritious lunch on every school day and transportation to school. In addition, after school programmes such as tuition classes, extra-curricular and recreational activities are also provided. These programmes are conducted by the teachers and caretakers in each respective Humana schools. The schools will also be subsidised with used computers from IOI’s operations (part of 7Rs circularity - Reuse) to be used by teachers during the classes. |
| 3 | Community Outreach and Initiatives | Cash donations | N/A | N/A | 10 charity homes | Community outreach programme that the IOI Oleochemical's Community Service Community was involved in included cash donations to ten charity homes in Penang. | |
| 4 | Project Kasih | N/A | A4 papers, Hand sanitizers | N/A | 5 schools | Donation of reams of A4 papers and in-house mix hand sanitizers to five schools within Prai area where the plant is located | |
| 5 | Project Kasih | N/A | Old handphones | N/A | Community | In Germany, IOI Oleo GmbH had also carried out several community service projects involving schools, IOI employees and small farmers. For example, old company handphones were sold and the proceeds generated were donated to charitable projects in three different locations in Germany | |
| 6 | Strengthening Child Protection in the Palm Oil Supply Chain | N/A | Educational webinar | N/A | 40 participants | The refinery in Sandakan, IOIEO had collaborated with Earthworm Foundation to present an online webinar entitled ‘Strengthening Child Protection in the Palm Oil Supply Chain’ with suppliers in August 2021. The webinar was conducted for their suppliers in Sabah and Sarawak, and comprised of training, breakout sessions and group activities. 40 participants from various mills and plantations from operations, sustainability and management level staff benefited from this webinar. | |
| 7 | Scholarships | N/A | Scholarships worth RM10M | N/A | 316 students | YTSLSC has awarded more than 316 students with more than RM10 million (RM10,403,309.00) in educational scholarships as of the 2022 financial year. | |
| 8 | Student adoption programme | N/A | Sponsorships worth RM4.88M | N/A | 1,056 students | Student adoption programme RM4,889,012.07 to more than 1,056 students as of the 2022 financial year. | |
| 9 | Medical aid | N/A | Medical aids worth RM1.15M | N/A | Public | Medical aid purposes RM 1,159,170.33 as of the 2022 financial year. | |
| 10 | Young achievers’ awards | N/A | Cash prizes worth RM0.65M | N/A | 1,547 students | Young achievers’ awards RM650,585.00 worth of cash prizes given to 1547 students as of the 2022 financial year. | |
| 11 | UTAR Hospital Building Fund | N/A | Funding worth RM4.00M | N/A | Public | RM4,000,000.00 donation for UTAR hospital building fund as of the 2022 financial year. | |
| 12 | Charity activities | N/A | Donations worth RM14.38M | N/A | Community | RM14,389,687.96 fund donated for various charity activities as of the 2022 financial year. | |
| 13 | Development of schools | N/A | School developments worth RM24.71M | N/A | Youth | Development of schools RM24,710,966.91 as of the 2022 financial year. | |
| 14 | Bargain basement | N/A | Donations worth RM0.52M | N/A | Community | Donation from bargain basement, RM528,344 as of the 2022 financial year. |
⬆️ – shows an increase monetarily or the number of beneficiaries from 2021 report
⬇️ – shows a decrease monetarily or the number of beneficiaries from 2021 report
1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.
2. The information above is derived from IOI Corporation Berhad’s 2022 Annual and Sustainability Report. Email correspondence was made between between 20 April – 3 August 2023 to seek further clarification, however, no reply was received.
Focus Areas of IOI Corporation Berhad
Beneficiaries of IOI Corporation Berhad
The top focus area from the IOI Corp Berhad’s giving is in Welfare at 35.7% where multiple welfare initiatives were made including multiple community outreach to 10 charity homes in Penang. The largest portion of beneficiaries that were positively impacted by the IOI’s giving initiatives were the Community and Youth, whereby a specific group of underprivileged individuals such as students and the sick benefited from the giving initiatives.
See How IOI Corp Berhad Ranks Against The Other Top 19 Public-Listed Companies
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