Enterprise Risk Management (“ERM”)
A formal Enterprise Risk Management framework
A formal Enterprise Risk Management (ERM) was established in 2021 by Risk Management Department, in compliance with ISO 31000:2018. This dedicated unit works with relevant departments to identify company risks before developing and implementing mitigation plans. A risk escalation structure was subsequently established to ensure prompt communication of risks and opportunities to our management team.
In 2022, ISF continued its efforts in implementing the Task Force on Climate-Related Financial Disclosures (TCFD).
For further information, please refer to ISF's Statement of Support for the TCFD.
Anti-Bribery and Corruption (“ABC”)
Promotes And Upholds A High Standard Of Integrity
Upholding ethical standards
Guided by our Ethical Policy updated in 2020, ISF is committed to upholding ethical standards in how we conduct business with our customers, suppliers, governments, civil society, and other stakeholders. This policy is made available to all employees. We are also committed to implementing the principles of the Ethical Trading Initiative (ETI) Base Code, an internationally recognised code of labour practice founded on the conventions of the International Labour Organization (ILO).
ISF prohibits all forms of corruption, extortion and embezzlement. The anti-bribery and corruption practices are guided in this policy here.
If you found any suspicion of unethical conduct and corporate misdemeanours (including corrupt practices and bribery), please click here to report via the whistleblowing channels.
Committed To Adhering To The Highest Standards Of Integrity And Ethics
ISF is committed adhering to the highest standards of integrity and ethics in the conduct of business and expects its employees to adhere to the same standards. As part of good corporate governance, ISF has established a Whistleblowing Policy that sets out avenues for legitimate concerns made in good faith to be objectively investigated and addressed, whilst ensuring adequate retaliation protection to the Whistleblower.
Disclosure can be made to ANY of the following Whistleblowing channels, in strict and confidential manner:
The Whistleblower shall submit the complaint in a sealed envelope, clearly marked “Private and Confidential” and post to the Company’s main office at the following address with the following recipient name:
ATTN: Head of General Affairs; or Head of Product Development (Japanese Expatriate, R&D Manager)Address:
Intercontinental Specialty Fats Sdn Bhd, Lot 1, Lebuh Sultan Hishamudin 2
Kawasan 20, Bandar Sultan Suleiman, P.O. Box 207, 42009 Port Klang
Selangor Darul Ehsan