Malaysian Palm Oil Grower Ready for Tougher ESG Rules With IPO

Johor Plantations Group Bhd. will use funds raised in its 735 million ringgit ($156 million) initial public offering to build a palm oil operation powered by clean energy, as it navigates increasingly tough regulations in key markets like Europe.

The mid-sized palm oil producer is confident about appealing to European consumers thanks to its short, sustainability-certified supply chain and plans to halve its carbon output by next year, Managing Director Mohd Faris Adli Shukery said in an interview ahead of the listing on Tuesday.

Growers of the world’s most-consumed edible oil are facing heightened global scrutiny over their devastating impact ...