FGV Annual Report 2018

BENCHMARKED OURSELVES AGAINST GLOBAL BEST PRACTICES 04 FGV HOLDINGS BERHAD OUR COMMITMENT TO SUSTAINABILITY Sustainability is a continuous journey which should be embarked upon collectively, with a sense of shared responsibility, support and leadership among industry, civil society and government. Through our own efforts, we believe in our ability to demonstrate that plantation capacity can be expanded in a way that is socially and environmentally responsible, while also preserving our financial position. This will help meet rising agricultural demands and enhance rural livelihoods while reducing pressure on natural forests, ensuring sustainable value creation for all our Stakeholders. In view of this, we see sustainable practices as crucial to the health and longevity of our business, as well as to the creation of value for our Stakeholders. Thus, we are committed to embedding sustainability within our organisation and have reflected this in our new approach to sustainability reporting this year. Instead of providing a separate sustainability statement, we have adopted a holistic approach to our reporting by including our sustainability disclosures throughout this AIR. This also demonstrates the role of sustainability in each stage of value creation. Our sustainability reporting practices adhere to Bursa Securities Sustainability Guidelines. We are also guided by the Global Reporting Initiative Standards on sustainability reporting, the International Integrated Reporting Council Framework and other global best practices. The following information discloses how we have complied with Bursa Securities Sustainability Guidelines and the respective section in which you will find the relevant information within this AIR. SUSTAINABILITY GOVERNANCE We uphold the highest level of sustainability governance through oversight by our Board of Directors, which is accountable for the Group’s sustainability strategy and performance. The Board has also ensured that our refreshed Business Plan 2019-2021 (BP21) considered the sustainability of the Group’s business, anchored by the Economic, Environment and Social pillars. Previously at the Management level, our Group President/Chief Executive Officer was responsible for the overall integration of sustainability in our business. The implementation of the Group’s sustainability initiatives is further undertaken by our business units, led by the Group Sustainability & Environment Division. SCOPE AND BOUNDARIES The scope and boundaries can be found on page 1 SUSTAINABILITY GOVERNANCE Our approach to sustainability management and its subsequent sustainability governance structures can be found on page 4 ENGAGING WITH OUR STAKEHOLDERS How we engage with our Stakeholders, the impact they have on us and the trends from their relationship can be found on page 15 MATERIALITY ASSESSMENT How we have conducted our Materiality Assessment, its results and how it links to our strategies can be found on pages 14-21 MAPPING AGAINST OUR SUSTAINABILITY INITIATIVES We have mapped our sustainability initiatives against the Capitals of value creation. These can be found on the following pages: Relating our Material Matters to the Six Capitals Management Discussion & Analysis Page 18 Pages 31-55