BURSA TOP 20: WHO'S THE MOST CHARITABLE?

How Malaysia's Biggest Public Companies Give Back To Society?

IOI Corporation Berhad

The leading global and sustainable palm oil player, IOI is a fully integrated company that undertakes the plantation and resource-based manufacturing businesses employing about 25,000 people in several countries. The Group’s plantation business covers Malaysia and Indonesia while downstream resource-based manufacturing business has a strong presence in Asia, Europe and USA. 

The sustainability framework at IOI remains focused on their pillars of sustainability; People, Planet, Prosperity and Partnership that covers all aspects of Environment, Social and Governance in the value creation model. One of their sustainability vision is to ensure that the economic, social wellbeing and health of employees and families as well as the wider communities are safeguarded. 

Fiscal Year-End: 30 June 2021

Note:

Proportion of in-kind giving is not visualized in the chart above.

The Group’s net profit during FY2021 amounted to RM1.39 billion.

IOI declared a total dividend payout of RM656.7 million representing 52% of the profit after tax and minority interest. 

Total cash contributions made by the Group through Yayasan Tan Sri Lee Shin Cheng during FY2021 was approximately RM4.1 million.

Total in-kind contributions made by the IOI has been accounted for in the reported RM4.1 million contribution. 

No employee volunteer hours were reported by IOI Corporation Berhad.

IOI Corporation Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.ContributionCash GivingIn-kind GivingEmployee Volunteer HoursBeneficiaries
1Yayasan Tan Sri Lee Shin Cheng (“YTSLSC”)RM4.1MN/AN/ABeneficiariesDuring FY2021, Yayasan Tan Sri Lee Shin Cheng (YTSLSC) contributed RM4.1 million, with a total of RM288,000 given to various parties as a contribution for the COVID-19 pandemic.
2Engaging with schools on COVID-19N/A14,000 reusable face masksN/ASchool childrenIOI distributed 14,000 pieces of reusable face mask to school children from Humana Schools and Community Learning Centres at their operating units in Sandakan and Lahad Datu, Sabah.
3Engaging with schools on COVID-19N/A240 boxes of face masksN/AUnderprivileged studentsIOI Oleochemical Industries Berhad (IOI Oleo) donated 240 boxes of face masks for underprivileged students from Sekolah Kebangsaan Khir Johari, Prai, Sekolah Jenis Kebangsaan (Tamil) Ladang Prye, Sekolah Jenis Kebangsaan Tamil Prai and Sekolah Jenis Kebangsaan Cina Boon Beng, Simpang Ampat in Penang.
4Engaging with schools on COVID-20N/AHand sanitisersN/A4 schoolsIOI Oleochemical Industries Berhad (IOI Oleo) donated 25 liters of hand sanitisers to Sekolah Kebangsaan Khir Johari (Prai), Sekolah Jenis Kebangsaan Tamil (Prai), Sekolah Jenis Kebangsaan Cina Chung Hwa 2 (Bagan) and Sekolah Menengah Sains Tun Syed Sheh Shahabuddin (Bukit Mertajam) each.
5Engaging with schools on COVID-21N/AEducational talks and sponsored gas detectorsN/ASekolah Kebangsaan Seri Alam 2Sekolah Kebangsaan Seri Alam 2 were given environmental conservation and COVID-19 prevention talks, sponsored gas detectors for the school and conducted a fire drill.
6Supporting frontliners during the COVID-19 pandemicN/A5 units of spraying equipment and 15 units of bedsteadsN/ASandakan Fire and Rescue Department and Sandakan Health Department.IOI Edible Oils (IOIEO) contributed 5 units of spraying equipment to the Sandakan Fire and Rescue Department and 15 units of bedsteads to the frontliners from the Sandakan Health Department.
7Partnering with WAGS to support smallholders N/ASupporting small producersN/ASmall producersIOI partners Malaysian-based social enterprise Wild Asia to find ways to support small producers within their supply base during these uncertain times by providing technical support to them through the Wild Asia Group Scheme (“WAGS”) to enable sustainable production.
8Project 'Ilham'N/A150 MT of fertilisersN/AFarmers from 5 different communitiesIOI collaborated with Bunge Loders Croklaan (“BLC”), Kerry Group and Fortuna Mill on the Initiatif Lestari Untuk Hasil Agrikultur Mampan (“ILHAM”) program to distribute more than 150 MT of fertilisers to farmers from five different communities since the advent of the program in 2018.
9Fire prevention through collaborationN/AFire prevention initiativesN/A6 adjacent local villages and neighbouring tree plantationsBased on past fire incidents, PT SNA, IOI's concession in West Kalimantan, Indonesia addressed this risk by developing a Fire Outbreak Preparedness Plan and partnering with relevant stakeholders in managing fire at the broader landscape. This initiative focuses on fire prevention at identified high-risk areas and involves multi-stakeholder engagement with 6 adjacent local villages, neighbouring tree plantations, and local authorities and the establishment of Masyarakat Peduli Api (“MPA”) with the villagers. Regular fire drills are also conducted with the stakeholders.
10Managing conservation area, biodiversity and wildlifeN/AEnvironmental conservation trainingN/A17 Honorary Forest Rangers and 26 Honorary Wildlife WardensIOI trained 17 Honorary Forest Rangers and 26 Honorary Wildlife Wardens in Sabah, while patrolling in Indonesia via SMART Patrol to further strengthen the protection of their conservation areas and the animals within against any encroachment, poaching, illegal land clearance and burning.
11Biodiversity and wildlife conservation activitiesN/AFlora and fauna protectionN/AFlora and fauna speciesIOI actively protects rare, threatened and endangered (“RTE”) fauna and flora species included in national and international red books or lists (including IUCN).
12Support to minimise human-elephant conflictsN/AProvided equipment and gears N/AUlu Muanad Human Elephant Conflict (“HEC”) Volunteer GroupIn August 2020, IOI through IOIEO supported the Ulu Muanad Human Elephant Conflict (“HEC”) Volunteer Group that conducted night surveillances to minimise human-elephant conflict. The members of the volunteer groups, comprised of smallholder farmers from surrounding areas are provided with equipment and gears needed for their patrolling programme.

1. The total community investments inclusive of COVID-19 relief giving made by IOI Corporation Berhad is RM4.1M as stated in the report. It is assumed that all related community initiatives and COVID-19 giving is included in the stated amount. 

2. The information above is derived from IOI Corporation Berhad’s 2021 Annual Report. Email correspondence was made between between 8 July – 3 August 2022 to seek further clarification, as reflected in the table above. 

See How IOI Corporation Berhad Ranks Against The Other Top 19 Public-Listed Companies

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BURSA TOP 20: Who’s The most charitable?