Turning Strategy Into Outcomes 36 FGV HOLDINGS BERHAD MATERIAL MATTERS MATERIALITY ASSESSMENT Materiality assessment forms an important part of our sustainability journey and allows us to create long-term value for our business and our stakeholders. Identifying and reviewing the sustainability issues that matter most to us and to our stakeholders is crucial in managing our sustainability impacts. We can mitigate risks and determine opportunities of the key economic, environmental and social issues, as well as upholding human rights. This also helps us align our sustainability approach and strategy with industry peers, besides staying relevant with current sustainability developments and global trends. In 2021, we conducted a materiality assessment with the support of an external independent consultant and gathered views and responses from both internal and external stakeholders. The exercise resulted in 16 material matters, seven of which were categorised as high priority material matters. Climate action was also added as a priority matter due to the importance of greenhouse gas (GHG) emissions, which impact FGV’s operations. Validation This year, we conducted an internal review to validate the material matters against the latest national disclosure requirements and global sustainability reporting standards, such as the GRI Standards, Sustainability Accounting Standards Board (SASB) and the Global Union Report. The matters were also mapped against local and international peers. This comprehensive approach reflected a dynamic view of materiality that allow us to respond to internal and external changes while remain relevant and avoid process repetition. The exercise showed that our materiality matrix that was concluded in 2021 remained relevant and reflected stakeholder interests. During its review, the Board identified Waste Management and Renewable Energy & Energy Management as two emerging material matters. As a responsible company, it is imperative that we address emerging material risks, as they have the potential to impact both the environment and our business. For the year under review, these emerging matters were addressed in our Sustainability Review. Our goal is to demonstrate our commitment to tackle these issues and contribute positively to the wider community and environment. Overarching Economic Environmental Social VALIDATED MATERIAL MATTERS HIGH PRIORITY Upholding Human Rights & Labour Standards 1 Sustainability Certification 3 Operational Excellence 2 Governance, Ethics & Integrity 4 Occupational Health & Safety 5 6 Climate Action Traceability, Responsible Sourcing & Supply Chain Management 7 12 Waste Management* Soil, Water, Pest & Disease Management 13 Community Engagement & Development 14 15 Data Security & Protection 16 Renewable Energy & Energy Management* 8 Business Development & Product Quality Employee Engagement 10 Biodiversity & Land Management 11 Talent Management 9 Importance to Stakeholders Significance Impact on FGV High High Low 1 2 4 5 6 7 8 11 12 13 14 15 16 3 MEDIUM PRIORITY LOW PRIORITY More information about FGV’s full materiality assessment in 2021 can be found in FGV Sustainability Report 2020/2021 on our website, www.fgvholdings.com. * Emerging Material Matters 16 12 9 10
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