“Due to the Covid-19 pandemic, the group cannot state with certainty the time frame needed to undertake and complete the HCV/HCS study. The acquisition was part of UMB’s strategy to diversify away from its reliance on a single commodity — palm oil. A desktop study is a prerequisite for a HCV/HCS study. However, due to movement restrictions, the comprehensive HCV/HCS study has not begun. It is not a member of the Roundtable on Sustainable Palm Oil but its estates and mills in Malaysia and Indonesia have been certified under the Malaysian Sustainable Palm Oil and Indonesian Sustainable Palm Oil certification schemes.
