FGV Annual Report 2018

BENCHMARKED OURSELVES AGAINST GLOBAL BEST PRACTICES 02 01 05 03 07 06 04 08 09 01 ANNUAL INTEGRATED REPORT 2018 ABOUT THIS REPORT This 4 th Annual Integrated Report (AIR) for the year ended 31 December 2018 (FY2018) represents more than just a record of our performance during the year. It represents our continued commitment to transparency and accountability which form the foundation for our Group’s development of a sustainable business and delivery of value to our Stakeholders. The preparation of this report reflects our integrated approach to operating our business, using the Six Capitals to achieve our strategic objectives and create long-term value for our organisation and our Stakeholders. The capitals, as identified by the International Integrated Reporting Council (IIRC), consist of Financial Capital, Natural Capital, Manufactured Capital, Intellectual Capital, Human Capital, and Social & Relationship Capital. These, in turn, represent stores of value we use as inputs to operate our business. By reporting based on the IIRC Framework, we aim to provide our Stakeholders with a broader view of how we create value and the impact our business generates on the Capitals. This approach has allowed us to produce this AIR in a way that is concise, strategic and forward-thinking to provide Stakeholders with more in-depth and meaningful information to aid in their decision-making. In producing this report, we have followed the IIRC Framework and adhered to local reporting requirements, namely the Malaysian Code on Corporate Governance 2017 and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Securities). We have also strived to meet global benchmarks by following the Global Reporting Initiative Standards on sustainability reporting. www.sc.com.my www.bursamalaysia.com www.globalreporting.org REPORTING SCOPE AND BOUNDARIES Information in this AIR covers the value-creating activities within our reporting boundaries. These, in turn, were established based on the impact from our operations as a result of our internal structure and associated companies, as well as from outside our Group. We also report on developments, impact and other information which may fall outside our reporting boundaries but are considered highly material to our performance. In terms of information reported in this AIR, we have categorised ‘ outside our Group ’ as assets which we do not own and operate under contractual obligation, as well as assets where we do not engage or employ workers. Information in this AIR is confined to developments throughout the FY2018 period, beginning on 1 January 2018 to 31 December 2018. Unless otherwise stated, it covers all of FGV Holdings Berhad’s businesses in Malaysia and other countries we operate in. This includes operations for which we own full control, subsidiaries and leased facilities. All significant items have been reported on a like-for-like basis with no major restatements undertaken. In line with our efforts to integrate sustainability practices within all segments of our operations, we have renewed our reporting approach by including our sustainability disclosures throughout this AIR. This approach demonstrates the role of sustainability in each stage of value creation. It also differs from our practice in previous years of providing a separate sustainability statement within our report. Thisreportalsoincludesallrisksandopportunitiesthatarematerial toour sustainability. These are related toour entities, operations and corresponding topic boundaries within the reporting period. The report however does not estimate or forecast future impacts of our material matters related to sustainability.