PLS Plantations rated Silver3 by RAM Sustainability

PLS Plantations chairman Tan Sri Nazir Razak said, in a statement, that the rating sets the baseline for the company, in providing clear forward strategy.

KUALA LUMPUR: PLS Plantations Bhd has received Silver3 ratings by RAM Sustainability for its principal plantations and trading segments, reflecting some gaps and the early stages of the company’s environmental, social and governance (ESG) practices that are crucial for reforestation and plantation-related sectors.

The ratings by RAM Sustainability captures PLS Plantations’ corporate sustainability performance based on all the ESG themes, as well as the relevant international and domestic guidelines by Bank Negara’s Climate Change and Principle-based Taxonomy.