Our Principles

Sustainability

Future Prelude firmly believes in the role that renewable energies have to play in order to tackle the global climate change issue. The use of Biodiesel has been proven to result in significantly-reduced emission, and helps to ensure long term energy security. Biodiesel also possesses better quality and is safer to handle.

Besides, by ensuring that our practice is sustainable in all aspects, we hope to mitigate the risk arising from the threat of global climate change.

Sustainability in Our Operation

Future Prelude is committed to sourcing sustainable palm oil as our feedstock. Far East and Prosper, as plantation companies, are sustainable palm oil producers. Examples of sustainable practice in their operations are such as:-

Plantation estates that are well planned and developed, utilising all available resources, almost acting like secondary forest which is the habitat for many species of plants and animals.

Palm oil mills that are mostly self-sufficient in generating enough electricity to operate from steam produced through biomass process, through the use of fibers and shells from Fresh Fruit Bunches (FFB) as fuel for boilers.

Methane Gas Capturing System in the treatment of waste at the effluent ponds, and using this Methane Gas to generate electricity through biogas generator set.

Engaging audits and inspections for certification of Malaysian Palm Oil Board (MPOB) sustainability programme, targeting RSPO certification in the future.

Future Prelude will also strive to acquire accreditation from relevant certification bodies to ensure that our operation is carried out in the most sustainable manner. With the above commitment, we are currently certified to International Sustainability and Carbon Certification (ISCC), Roundtable on Sustainable Palm Oil (RSPO SCCS) and Malaysian Sustainable Palm Oil (MSPO SCCS) Certification.We will continually minimise the environmental impact of our operations by reducing emissions, waste, water discharges and use energy and other resources efficiently.

At Future Prelude, we see our efforts to address these environmental issues not only as our responsibility, but also as a business opportunity.

Future Prelude Sdn Bhd Palm Oil Sourcing Policy

Annex – Policy Commitments Implementation by Crude Palm Oil Suppliers.

Specific mechanisms for the implementation of policy commitments are provided as in Annex.

1. Scope

The existing or potential supplier, both direct and indirect through a trading partner for Future Prelude Sdn Bhd are oblige to comply with the Future Prelude Sdn Bhd Palm Oil Policy.
Palm oil products sourcing by Future Prelude Sdn Bhd:

1. Directly sourced from third-party mills – Direct supply.

2. Products are obtained from trading partners who in turn source the oil products from their own operations or third party mills – Indirect supply.

Two types of sustainability risks in our supply chain are identified as:

1. Non-compliance of policy in the supply chain for mills (both direct and indirect supply).

2. Non-compliance of policy at the concessions controlled by supplier companies, but outside of our mill supply chain (both direct and indirect).

Future Prelude Sdn Bhd utmost responsibility is to ensure that our Sustainable Palm Oil Policy is well informed to all our suppliers. All suppliers must show their compliance with our policy throughout all operations in order to ensure the supply chain risks are effectively amended.

Future Prelude Sdn Bhd will conduct due diligence to investigate either our suppliers (both direct and indirect supplier) on their compliance with our policy. Future Prelude Sdn Bhd will entrust the responsibility for procedures to an implementation partner or trading partner (indirect supply) on a case-by-case basis. However, we remained accountable in ensuring these tasks are completed and also ensuring the pro-active monitoring using available data to verify the compliance of suppliers towards our policy.

2. Implementation mechanisms

2.1 Addressing policy compliance in our supply base of mills

Our 100% oil supply comes from direct supply chain mills, which can be traced to mill. If the oil comes from indirect supply chain mills, the received oil from our partners must come together with a list of suppling mills.

Future Prelude Sdn Bhd will implement following actions in order to support policy compliance and to detect any violation of compliance in the supply chain:

Collect, verify and publish the updated list of mills and refineries in our supply chain (geo-referenced coordinates, majority shareholders, direct/indirect supply trading partners).
Implementation of engagement visits to our direct supply chain mills whenever necessary
Engage our trading partners in indirect supply chain to ensure the equivalent program of mill-level engagement is being implemented.Future Prelude Sdn Bhd will initiate mechanisms 2.3. if there is policy non-compliance is identified at mill-level..

2.2 Addressing policy compliance in suppliers’ wider operations.

Future Prelude Sdn Bhd will implement following actions to detect any violation of compliance in our supply chain at group-level:

Identify, publish and manage a complete list of companies in our supply chain on Future Prelude Sdn Bhd Palm Oil Database.
Conduct a group-level risk review of all supplier companies (by obtaining the permits, legal licenses and concession maps for entire operations, as well as environmental impact assessments and HCS and HCV studies. Relevant information include:

Company concession maps.
HCS, HCV and environmental impact assessment.
Government maps (peat, forest cover, moratorium area).
RSPO, MSPO complaints.
Grievance procedures.
Reports, investigations and publications by civil society organizations.
Third-party mapping websites (Global Forest Watch and Greenpeace’s Kepo Hutan).
Articles from media.
Government action (investigations or court proceedings).

2.3 Procedure for dealing with breaches in policy compliance.

2.3.1 Direct supplier mills

If found out that a mill is non-compliance with our policy, Future Prelude will engage the supplier to agree for a time-bound action plan in order to bring the mill back into compliance within 12 months. Action plans will include the appropriate conservation/compensation/restoration measures. If a direct supplier does not comply with our policy within the given time-bound plans, Future Prelude will initiate the grievance procedure as clause 2.4.

An immediate cease of development will be issued by Future Prelude where clearing potential HCS, HCV or peat is identified. If the requirement does not meet, Future Prelude will terminate any business with the supplier. When there is other allegations of non-compliance by stakeholders towards our direct supply chain, Future Prelude will initiate the grievance procedure as clause 2.4.

2.3.2 Indirect supplier mills.

If found out that a mill is non-compliance with our policy, the trading partner need to agree with a time-bound action plans to bring the mill back into compliance within 12 months. If a mill from indirect supply does not comply with our policy within the given time-bound plans, Future Prelude will initiate the grievance procedure as clause 2.4.

An immediate cease of development will be issued by Future Prelude where clearing potential HCS, HCV or peat is identified. If the requirement does not meet, Future Prelude will terminate any business with the trading partner. When there is other allegations of non-compliance by stakeholders towards our direct supply chain, Future Prelude will initiate the grievance procedure as clause 2.4.

2.3.3 Company level non-compliance.

Future Prelude will initiate established grievance procedure (as below) towards companies that have been identified as non-compliant with our policy.

2.4 Grievance Procedure

Initiation of our established grievance procedure follows as:

Immediate cease of development will be issued where clearing of potential HCS, HCV or peat is identified by Future Prelude, our implementation partners or NGOs. We will terminate any business with supplier if they do not comply with the requirement.
Ensure the claims are investigated and verified by independent experts.
Engage with the supplier.
Agree for a time-bound action plan in order to bring the mill operations into compliance within 12 months.
Future Prelude will consider suspending purchases from the group which are suspected for ongoing environmental, social and labour violations, until the investigations are concluded and any violations are resolved.
The company is required to carry out proper conservation/compensation/restoration measures, where applicable, to adequately address all non-compliant activities.
Maintaining reports of all mills/companies subjected to the grievance procedure. Regularly followup on progress, milestones and clear deadline for compliance.

2.5 Ensuring policy compliance by potential new suppliers.

New suppliers are required to comply with Future Prelude’s Sustainable Palm Oil Policy and must be transparent on their operations. Due diligence measures will be implemented prior to receiving deliveries of palm oil products from new potential new suppliers:

A copy of Future Prelude’s Sustainable Palm Oil Policy will be provided to potential new supplier.
Advise new supplier on the Future Prelude’s requirement for third party suppliers.
Conduct a risk review of all supplier companies (by obtaining the permits, legal licenses and concession maps for entire operations, as well as environmental impact assessments and HCS and HCV studies.
Fact-check claims by obtaining public information including information lodged with government agencies, satellite mapping information, RSPO complaints and available online information.

Where potential new suppliers have undertaken plantation development that is incompatible with this policy, appropriate conservation/restoration/compensation measures and an implementation plans need to be agreed prior to the Future Prelude entering into contracts to receive oil originating from that supplier.

Where evaluation has been delegated to trading partners (indirect supply), we will request its trading partners to observe similar due diligence measures and provide its findings to us prior to shipping oil from potential new suppliers to Future Prelude Sdn Bhd.

If you want get more information about policy , please click : SUSTAINABLE PALM OIL POLICY