10 October 2024
Joint Endeavours, Collective Action: ISF Publishes 2024 Sustainability Report
Intercontinental Specialty Fats Sdn Bhd (ISF) is pleased to announce the release of its fifth sustainability report. The report’s theme, Joint Endeavours, Collective Action highlights our collaborative approach to sustainability, emphasising the importance of working together with industry peers, stakeholders, and supply chain partners to drive meaningful change. The report outlines our progress in promoting inclusiveness while meeting our sustainability commitments to tackle industry-wide challenges of maintaining traceable and transparent supply chains aligned with internal, industry-wide, local, national, and international standards.
“At ISF, we are committed to embedding sustainability into every aspect of our operations and believe that good environmental, social, and governance standards are essential for business success," remarked ISF CEO Toshio Fujimori since taking up the role of CEO on 1st July 2024. “I am delighted to observe that we are not alone in this mission, but that leading companies in the palm oil supply chain have shown that it is possible to create value while responsibly managing our natural resources and ecosystems together.”
ISF pledged to achieve carbon neutrality by 2050, aligned with our parent company The Nisshin OilliO Group, Ltd. Key collaborations in 2024 include our continued mangrove rehabilitation programme with GEC entering the third year, a Virtual Power Purchase Agreement (VPPA) with Cenergi SEA Berhad, and a new Smallholder Support Project with our customer Ferrero and supplier Hap Seng Plantations Holdings Berhad. We continue to improve our supply chain traceability with sustained supplier engagements, increased Green Electricity Tariff subscriptions, and continued participation in sustainability-linked loans associated with improved performances in sustainability assessment platforms.
2024 Report Key Highlights
Improved Traceability 99.5% CPO traceable to plantation 93.1% CPKO traceable to plantation
Subscribed to >61,00,000 kWh of Green Electricity Tariff (GET), replacing almost 70% of traditional electricity from grid and offsetting 46,000 MT CO2e
Reduced scope 1 and 2 GHG emissions by >36% against 2019 baseline
Pledged to achieve carbon neutrality by 2050
Entered into Virtual Power Purchase Agreement (VPPA) to purchase green electricity from Cenergi SEA Berhad
4,500 Mangrove trees planted As of December 2023
Earned A- rating on the 2023 CDP Forest and Climate Change questionnaires
Achieved EcoVadis Silver rating
Launched a new Smallholder Support Project with Ferrero Trading LUX S.A. and Hap Seng Plantations Holdings Berhad
"I am dedicated to steering our efforts toward ambitious short-, medium-, and long-term objectives, ensuring we effectively manage our economic, environmental, and social impacts," ISF CEO, Mr. Fujimori concludes, “I look forward to a prosperous and sustainable future built on our valued partners’ continued trust and ongoing partnerships”.
The 2024 ISF Sustainability Report is now available on our Sustainability Reporting page complete with our 2024 Base Data and updated Sustainable Development Goals (SDG) mapping.


