FGV Annual Report 2018

BENCHMARKED OURSELVES AGAINST GLOBAL BEST PRACTICES 02 FGV HOLDINGS BERHAD ABOUT THIS REPORT To assess potential risks to the environment, we apply the Precautionary Principle to avoid known and unforeseen negative impacts on the environment. For a holistic view of our business, this AIR should be read in conjunction with the information available on our website. DETERMINING OUR MATERIAL MATTERS This AIR was prepared based on the determination of our material matters. This ensures we provide a fair, accurate and comprehensive account of our strategy, performance and prospects. It also takes into account our response to thematerial matters in the financial, social, economic, environmental and governance aspects of our business. During the year in review, we conducted a Materiality Assessment with the support of an independent consultant, engaging internal and external Stakeholders to gain their views on our Group’s material matters. This process involved a review of our Materiality Matrix to determine the factors impacting our delivery of value. Following this, we developed the content for this AIR by taking into account qualitative and quantitative considerations as well as factors which may affect our ability to achieve our strategic objectives and maintain the sustainability of our business. We also considered the issues discussed in reports presented to our Board of Directors, reported risks and the interests of our Stakeholders. Additionally, we factored in material impacts of the countries and regions where we operate. UPHOLDING THE INTEGRITY OF REPORTING In line with the emphasis we place on good governance, we have to the best of our ability strived to ensure the reliability and completeness of information presented in this report. In upholding the quality of this AIR, the report was reviewed by Reporting Committee members to ensure it complies with the IIRC Framework, sufficiently discusses the Group’s material matters and fairly represents our integrated performance against the targets set for the year. The report was further submitted to the Audit Committee for review and recommended to the Board for approval, together with the Group’s Annual Financial Statements. Final approval for this AIR was granted by the Board. In addition, the external auditors continued to support our assurance and approval objectives by providing external assurance on our Financial Statements. The external auditors have read the other information and in doing so, considered whether the other information is materially consistent with the Financial Statements or their knowledge obtained in the audit, or otherwise appears to be materially misstated. The external auditors also provided limited assurance review on our Statement on Risk Management and Internal Control. OPPORTUNITIES FOR FEEDBACK We recognise that continued improvement of our reporting practices and standards can only be done with the involvement of regular engagement with our Stakeholders throughout the year. This represents not only an important component of building Stakeholders’ trust but also in enhancing the effectiveness of our strategy and implementing timely & relevant adjustments as required when new developments arise in our operating environment. In line with this, we welcome feedback and enquiries from our Stakeholders and the public on our reporting. Our Investor Relations team can be contacted at: NAVIGATION ICONS FOR CAPITAL REPORTING In accordance with the IIRC Framework, we have aimed to report on our Group’s performance following the Six Capitals of value creation and our material matters. As we intend to provide readers with a report that is engaging, interactive and straightforward, this report uses the following navigation icons to highlight information on the Six Capitals and our material matters: 6 CAPITALS Financial Financial Capital is the monetary assets available to an organisation for use in the production of goods or the provision of services obtained through financing, such as debt, equity or grants, or generated through operations or investments. 03-2789 0000 fgv.investors@fgvholdings.com www.fgvholdings.com