Malua Biobank at the palm oil frontier, Sabah, Malaysia |
KOTA KINABALU: In a breakthrough step, four
Malaysian palm oil companies (IOI Corporation Berhad, TH Group, Kwantas
Corporation Berhad, and Perbadanan Kemajuan Pertanian Selangor) today announced
the Malua Wildlife Conservation Agreement – a unique partnership with the
Malua BioBank that aims to improve the protection of threatened wildlife in the
Heart of Borneo.
Malua BioBank, Sabah Government and the four companies are pioneering a
new approach to protect wildlife from illegal hunting in Sabah
as this remains a significant threat in the state. Malua BioBank
is an innovative conservation project
covering 34,000 hectares of lowland rainforest, which aims to protect wildlife,
including through the prevention of illegal hunting. The Agreement recognises
the importance of the palm oil industry to work with partners to ensure that Sabah’s significant biodiversity is protected.