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GAR’s Sustainability Report 2023 Outlines Path for Continuous Improvement on Climate Change, Supply Chains and Communities

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SINGAPORE, May 31, 2024 /PRNewswire/ — Golden Agri-Resources Ltd (GAR) has published its Sustainability Report 2023, detailing the company’s efforts to address climate change risks, enhance sustainable production throughout the palm supply chain, and support economic development in farming communities where it operates.

GAR Chairman and Chief Executive Officer, Mr. Franky O. Widjaja, explained how GAR’s ongoing investments and partnerships in sustainability are supporting climate resilience in the palm oil sector and helping the company navigate evolving regulatory requirements.

We recognise that action on climate change is not just a necessity but critical to our business and our industry’s future. GAR is committed to achieving net zero by 2050 and has pledged to pursue a pathway limiting global warming to 1.5 degrees Celsius. This goal requires significantly reduced greenhouse gas emissions from our operations and Scope 3 emissions in our value chain.

“As we move forward, technology and sustainability serve as cornerstones in our quest for excellence. We recognise the imperative to harness the transformative forces of technology to drive efficiency, foster innovation, and propel us into new realms of growth. Moreover, sustainability is not merely a green choice; it represents a strategic investment in our future, enhancing our market position and ensuring long-term profitability. At GAR, we believe we can do well and do good.”

Report highlights include:

Moving Towards Net Zero Emissions

Following recent efforts to map and calculate its emissions, GAR is finalising its decarbonisation strategy and roadmap for all entities in which the company has equity of 50 percent or above. This is scheduled for completion in 2024 and will focus on four key areas: implementing No Deforestation and No Peat commitments; realising carbon sequestration from carbon removal initiatives; methane avoidance and utilisation; and renewable energy for heat and power.

Advancing Cross-Sector Partnerships

GAR has recently joined the World Business Council for Sustainable Development (WBCSD), a global network of 200 businesses committed to transitioning to a more sustainable world. This move will allow GAR to learn best practices from diverse industries, contributing to climate change solutions while promoting thriving, resilient agriculture systems that deliver for both farmers and the environment.

As a signatory of the Agriculture Sector Roadmap to 1.5°C, GAR is also on track to achieve 100 percent ‘Delivering’ for all of its palm oil volumes under the No Deforestation, No Peat and No Exploitation Reporting Framework (NDPE IRF) by 2025.

Enhancing and Expanding Traceability

GAR has expanded the traceability of its palm oil supply chain in Indonesia, achieving 99 percent Traceability to the Plantation (TTP) by 2023. Notably, we have attained full traceability to estates, marking a milestone of 100 percent. Moving forward, we will continue to work towards extending support and facilitating the transition for smallholders to achieve the remaining percentage of TTP.

The company is now leveraging its experience and investments in traceability to start mapping all of its global supply chain for palm and non-palm products, including sugar and soy, for the first time. With this information, GAR can better engage and upskill its suppliers across all commodities to ensure alignment with the company’s sustainability commitments. This will be fundamental to meeting growing customer demands and market regulations such as the European Union Deforestation Free Regulation (EUDR).

Supporting Resilient Rural Communities

GAR is continuing to support thriving agricultural communities in the areas where it operates. Through the Bright Future Initiative, GAR has established more than 160 projects in over 100 villages across its operations in Indonesia to promote economic development and develop local enterprises, including organic vegetable, livestock and cash crop farming. The company is also helping to upskill local communities, enabling them to market and sell these value-added products to boost their incomes.

In addition, GAR is supporting communities to tackle and prevent fires in light of heightened fire risk caused by El Niño weather conditions. Currently, 117 villages are enrolled in the company’s long-term Desa Makmur Peduli Api programme, which trains local communities to prevent and suppress fires and educates them on the hazards of fire and haze.

About Golden Agri-Resources Ltd (GAR)

GAR is a leading fully-integrated agribusiness company. In Indonesia, it manages an oil palm plantation area of 532,488 hectares (including plasma smallholders) as of 31 March 2024. It has integrated operations focused on the technology-driven production and distribution of extensive portfolio of palm-based products throughout its established international marketing network.

Founded in 1996, GAR was listed on the Singapore Exchange in 1999 and has a market capitalisation of US$2.5 billion as of 28 March 2024. Flambo International Limited, an investment company, is GAR’s largest shareholder, with a 50.56 percent stake. In addition, GAR’s subsidiary, PT SMART Tbk was listed on the Indonesia Stock Exchange in 1992.

As an integrated agribusiness, GAR delivers an efficient end-to-end supply chain, from responsible production to global delivery. In Indonesia, its primary activities include cultivating and harvesting oil palm trees; the processing of fresh fruit bunch into crude palm oil (CPO) and palm kernel; refining CPO into value-added products such as cooking oil, margarine, shortening, biodiesel and oleo-chemicals; as well as merchandising palm products globally.

GAR’s products are delivered to a diversified customer base in over 100 countries through its global distribution network with shipping and logistics capabilities, destination marketing, on-shore refining and ex-tank operations. GAR also has complementary businesses such as soybean-based products in China, sunflower-based products in India, and sugar businesses.

For media enquiries, please contact:

Andrew Compton
Direct Dial: +65 6590 0859
Email: andrew.compton@goldenagri.com.sg

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SOURCE Golden Agri-Resources

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The Hottest Dog Bronchial Health Supplement on Shopee in 2024

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3 hours ago

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November 10, 2024

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SEOUL, South Korea, Nov. 10, 2024 /PRNewswire/ — As a dog owner, you may have often heard your furry friend coughing, whether it’s a dry hack or a honking sound. Though it might seem trivial, these coughs can cause serious discomfort for your furry friend and create anxiety for you as a caring pet parent.

DOCTORBY’s BREATH CARE is a nutritional supplement designed to support bronchial health in dogs, currently gaining attention among many pet owners on Shopee.

Coughing in dogs can be triggered by various factors, including temperature fluctuations, strong air conditioning, and dust or debris inhaled during walks. Additionally, as dogs age, their bronchial immunity can weaken, leading to potential health issues.

BREATH CARE contains a blend of functional ingredients like the plant-based complex extract TF-343, magnesium, and propolis, which can help alleviate respiratory issues such as coughing and support the elimination of waste accumulated in the bronchial passages.[1] With a taste dogs love, it doubles as a treat, making it incredibly easy for pet owners to administer. Furthermore, it has passed heavy metal and toxicity tests, ensuring safety without the use of synthetic sweeteners or colorings.

Currently, BREATH CARE ranks as one of the top products in Shopee’s pet nutrition and supplement category. In May 2024, it achieved the number one sales position in the pet nutrition category on Shopee Singapore, garnering immense popularity. Shopee has reported a staggering 3,000% growth in sales compared to 2023. Notably, DOCTORBY has not only topped the charts on Shopee but has also held the number one position on Amazon Japan for 22 consecutive weeks, establishing itself as a leader in the South Korean pet nutrition market and rapidly expanding in the global market.

For cat owners, the cat-specific bronchial supplement, CAT BREATH CARE, is also enjoying tremendous popularity. Additionally, DOCTORBY offers a variety of health supplements, including ‘SKIN & COAT’ for skin support, ‘EYES CARE’ for eye health and tear stain improvement, and ‘HAIRBALL CARE’ to assist with hairball elimination in cats. In Singapore, DOCTORBY products are exclusively available on Shopee.

Enjoy fast delivery via Shopee’s reliable fulfillment services, with most orders arriving within 2 to 3 days for a satisfying shopping experience. Shopee also hosts monthly promotional events, such as Double Day and Pay Day, offering a range of exciting deals. Moreover, a special Mega Day event is planned for November 11, promising additional benefits for shoppers.

[1] Korean J. Food Sci. Technol. Vol.35, no.5, pp980-987 (2003)

 

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SOURCE DOCTORBY

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LG Display Succeeds in Developing World’s First Stretchable Display that Expands by 50 Percent

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4 hours ago

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November 10, 2024

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SEOUL, South Korea , Nov. 9, 2024 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today its unveiling of the world’s first Stretchable display capable of expanding up to 50%, the highest rate of elongation in the industry. At LG Science Park in Seoul on Nov. 8, the company demonstrated the panel at a meeting of more than 100 South Korean industry, academia, and research stakeholders involved in a Stretchable display national project.

Stretchable displays are seen as the ultimate free-form screen technology because they can be freely transformed into any shape, including by stretching, folding, and twisting.

The new prototype features a 12-inch screen that stretches up to 18 inches, while simultaneously delivering a high resolution of 100ppi (pixels per inch) and full red, green, and blue (RGB) color.

Compared to the first Stretchable display prototype unveiled in 2022, the new panel’s maximum elongation rate has more than doubled from 20% to 50%. This enhanced stretchability enables various display design possibilities, raising the technology’s potential competitiveness when commercialized.

By applying a number of new technologies, such as improving the properties of a special silicon material substrate used in contact lenses and developing a new wiring design structure, LG Display improved the panel’s stretchability and flexibility, exceeding the original national project’s target of 20% elongation.

In addition, by using a micro-LED light source of up to 40μm (micrometers), the new prototype’s strengthened durability means it can be repeatedly stretched over 10,000 times, maintaining clear image quality even in extreme environments such as exposure to low or high temperatures and external shocks.

Stretchable displays are not only thin and lightweight but also capable of adhering to irregularly curved surfaces like clothing and skin. They are expected to be widely applied in various industries, from fashion and wearables to mobility.

The company showcased numerous concepts for the application of Stretchable displays, including an automotive panel that stretches out into a convex shape and can be operated by hand as well as a wearable display attached to firefighters’ uniforms that provides real-time information.

LG Display was selected as the lead company for the national project to develop Stretchable displays in 2020 and since then has been conducting joint R&D with 19 domestic industry and research institutes. It is one of the major tasks of a wider project to develop core technologies for next-generation displays promoted by South Korea’s Ministry of Trade, Industry and Energy (MOTIE) along with the Korea Planning & Evaluation Institute of Industrial Technology.

By successfully completing the project, LG Display has not only secured core technologies that can lead the next-generation display market but also contributed to localizing materials, components, and equipment as well as building an R&D infrastructure.

“We will continue to build a sustainable future display ecosystem through close cooperation between South Korean industry, academia, and research stakeholders,” said Soo-young Yoon, CTO and Executive Vice President of LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

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Stay Better in China: Tell the Beautiful China to the World

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4 hours ago

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November 10, 2024

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NANCHANG, China, Nov. 9, 2024 /PRNewswire/ — A report from Jiangxi International Communication Center (JXICC): Komurcu Busra, an international student from Nanchang University, talks about her life in China. She felt the simplicity of Chinese countryside and pure beauty of nature here. She wants to tell the beautiful China to the world.

https://www.youtube.com/watch?v=vQGbRJc4ncc

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SOURCE Jiangxi International Communication Center(JXICC)

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