Sime Darby Case Study

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Sime Darby – Developing Sustainable Futures Sime Darby Berhad is a major Malaysia-based multinational conglomerate involved in 5 core sectors which are plantations, property, industrial, motors and energy & utilities. Sime Darby is listed on the Main Board of Bursa Malaysia Securities Berhad.Sime Darby looks at positive investments by engaging with communities where the Group has direct impact and where stakeholders may have an influence on operations. Sime Darby was established by European businessmen William Sime, Henry d’Esterre Darby and Herbert Mitford Darby in 1910. The sociocultural that affects the business environments in Sime Darby is working with local communities. In 2005 Sime Daryb’s Industrial division started using…show more content…
Palm Oil Industry Comes Together In Significant Sustainability Initiative. Manifesto commits its signatories to no deforestation, creating traceable and transparent supply chains, and protecting peat areas, while ensuring economic and social benefits for the local people and communities where oil palm is grown. These standards are higher than, and in addition to, those set by the Roundtable on Sustainable Palm Oil (RSPO), of which all signatories are members. The world’s largest palm oil players commit to funding High Carbon Stock Study. The world’s largest palm oil players are jointly funding a comprehensive 12-month study that will clearly define what constitutes a High Carbon Stock (HCS) forest, provide practical guidance on how to delineate HCS forests on the ground and establish thresholds for HCS that take account of regional socio-economic conditions and opportunities. Major Growers Commit to No HCS Development as HCS Study Starts in Earnest . The world’s five biggest growers of oil palm, namely Asian Agri, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, Musim Mas Group and Sime Darby Plantation, have agreed not to develop potential high carbon stock areas with immediate effect, while the High Carbon Stock (HCS) Study they are funding is underway. The HCS Study will, when completed, provide reliable information on greenhouse gas emissions (GHG) and socio-economic considerations to guide decisions on land conversion to oil palm
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