TSH reports no impact from fires on Indonesian operations
The palm oil group said it had received no environmental agency notice linked to the recent transboundary haze.
Recent fires in Indonesian forests and peatlands have left TSH Resources Bhd's operations, concessions and other assets in the country unaffected, the company said. The group put its annual spending on fire prevention and response measures at an estimated average of RM2 million.
TSH, which has operations in Malaysia and Indonesia, provided the information in a Bursa Malaysia filing in response to a general information request by Singapore Exchange Ltd (SGX). It said no environmental agency had named the group or sent it a notice in connection with the recent transboundary haze.
The company said its zero-burning policy bans fire from all field operations, including preparing land, new planting and replanting. It described the policy as part of its commitment to prevent land clearance through burning and comply with laws in both countries.
TSH said the prohibition has formed part of its sustainability policy since May 2009, covering all group companies as well as contractors and suppliers. It added that it had undertaken no new planting on peat since its December 31, 2015 cut-off.
According to TSH, every Indonesian estate in the group is certified under the Indonesian Sustainable Palm Oil (ISPO) scheme. The company said the scheme is subject to regular independent audits.
