Ioi
Ioi, officially known as IOI Corporation Berhad, is a leading player in the palm oil industry, headquartered in Malaysia (MY). Established in 1969, the company has grown to become a significant force in the global market, with operations spanning across Malaysia and Indonesia. Ioi is renowned for its commitment to sustainable palm oil production, offering a range of products including crude palm oil, palm kernel oil, and specialty fats. With a strong emphasis on sustainability, Ioi has achieved notable milestones, such as being a founding member of the Roundtable on Sustainable Palm Oil (RSPO). The company’s dedication to quality and environmental stewardship has positioned it as a trusted name in the industry, making it a preferred supplier for various sectors, including food, cosmetics, and biofuels.
DitchCarbon Score
How does Ioi's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ioi's score of 62 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ioi's reported carbon emissions
In 2023, IOI Corporation Berhad reported total greenhouse gas emissions of approximately 7,000,000 kg CO2e from Scope 1, 39,771,000 kg CO2e from Scope 2, and about 6,710,000,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting across all scopes. The company has set ambitious climate commitments, aiming for net-zero emissions by 2050, as part of their long-term strategy. They are a member of the Science Based Targets initiative (SBTi) and have committed to near-term targets, demonstrating their dedication to reducing their carbon footprint. In previous years, IOI's emissions were significant, with 2022 figures showing approximately 1,716,676,000 kg CO2e from Scope 3, 29,480,700 kg CO2e from Scope 1, and 32,758,000 kg CO2e from Scope 2. The company has made strides in reducing emissions intensity, particularly in their oleochemical and refinery operations, with reported intensities of 5,540 kg CO2e/tonne and 3,130 kg CO2e/tonne, respectively, in 2021. Overall, IOI Corporation Berhad is actively working towards reducing its carbon emissions and achieving its climate goals, reflecting a growing commitment to sustainability within the agricultural production sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 2,908,467,220 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 61,148,529 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 8,772,429,700 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ioi is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
