However, the impact of higher ESG costs could be reduced if “local planters can significantly boost productivity via higher fresh fruit bunch yields,” said CGS-CIMB Research in its latest report.
PETALING JAYA: A higher environmental, social and governance (ESG) compliance and monitoring costs could somewhat undermine the performance of local plantation companies moving forward.
This will make local planters less cost-competitive compared with their regional peers, says CGS-CIMB Research.
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