FGV Annual Report 2018

14 ESTABLISHED INTEGRATED AND COMPREHENSIVE IMPLEMENTATION PLANS FGV HOLDINGS BERHAD ASSESSING OUR MATERIAL MATTERS OUR APPROACH As part of our Integrated Reporting process and our efforts to achieve sustainability of our business, we endeavour to comprehensively disclose our growth strategies and measures to address the opportunities and risks affecting our operating environment. These matters are also those which have been identified as significant to our Stakeholders and have the potential to impact our delivery of value in the long-term. During the year, we worked with an independent consultant to update our material matters through a Materiality Assessment. This represents a continuation of a similar exercise we conducted last year and marks our third Materiality Assessment since 2015. In contrast with the Materiality Assessment conducted in 2017, this year we adopted a more detailed approach to our Materiality Assessment process to adhere more closely to the principles of Integrated Reporting through the following steps: Based on a list of relevant matters gathered from our 2017 Materiality Assessment and research conducted using industry reports and peers, we ranked the relevance of these matters and how it affects our strategy and business model. Additional matters which were thought to be relevant were also incorporated in the relevant list and its definitions. Once the matters were identified as relevant, we engaged with internal and external Stakeholders to consider the likelihood for the matters to happen and the impact on our value creation process. This allowed us to rank the importance of the matters to FGV as a business. IDENTIFY RELEVANT MATTERS EVALUATE THE MATERIAL MATTERS The results of the preceding steps were then collated to update the materiality matrix as shown on page 16. Similar to 2017, we mapped the material matters to the Economic, Environment and Social pillars in line with the holistic approach we take in the formulation of our business strategies. Subsequently, our Top Management reviewed and validated the matrix for completeness. UPDATE THE MATERIALITY MATRIX We conducted another exercise with our Stakeholders to rate the material matters according to importance to them as Stakeholders. This provided us with a better understanding of their concerns and perspectives, especially on new issues raised during the year. PRIORITISE THE MATERIAL MATTERS 1 2 4 3