Between Nov 4 and 10, Wilmar International : F34 0%'s chairman and CEO Kuok Khoon Hong increased his deemed interest in the stock.

HPRY Holdings, in which Kuok has deemed interest, acquired 2,279,200 shares of Wilmar at an average price of S$3.94 per share.

The consideration of the acquisitions totalled S$8,981,504 and increased Kuok's total interest in Wilmar from 12.96 per cent to 13 per cent.

As Asia's leading agribusiness group, Wilmar has a multinational workforce of around 100,000 people with over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries and regions.

As Kuok noted earlier in the year, Wilmar International is developing comprehensive initiatives and targets to identify and reduce negative climate impacts from its value chain.

These include reducing greenhouse gas emissions in its operations and supply chains, addressing deforestation, halting biodiversity loss, and improving livelihoods of farmers and smallholders within these climate-smart production models.

On Nov 7, Wilmar announced that it had signed up to the Science Based Targets initiative in October 2022 with the aim of cementing its emission reduction targets while demonstrating progress that reflects the significance of its commitments.

This means that over the next 24 months, the group will develop timebound plans delineating its strategy and approach to achieve its near-term and net-zero emission reduction targets, with most of its undertakings revolving around Scope 3 emissions, with efforts well underway to identify its Scope 3 footprint and formulate comprehensive plans to address and reduce them.