Turning Strategy Into Outcomes 46 FGV HOLDINGS BERHAD How We Responded in 2022 LINKING MATERIAL MATTERS TO RISKS AND STRATEGY Material Matters SDGs Alignment Link to Key Risks Sustainability Risk Labour Risk • Enhance stakeholder engagement by developing an effective and efficient communication plan. • Revise and strengthen the Guidelines and Procedures for Responsible Recruitment and Employment of Migrant Workers by aligning our practices to international standards. Operational Excellence Trading Risk Cyber Security Risk Sustainability Risk • Strengthen the implementation of Good Agriculture Practices and Moisture Conservation Practices during replanting activities. • Collaborate with educational institutions to provide upskilling and reskilling programmes for estate operations. Sustainability Certification • Strengthen traceability information, aiming for 100% Traceability to Plantations. • Develop and monitor RSPO certification action plan to be aligned with standard requirements. Trading Risk Sustainability Risk Governance, Ethics & Integrity • Enhance the Group’s governance practices by instituting comprehensive and more stringent policies and procedures across the value chain. • Promote a high integrity work culture. Corruption Risk Occupational Health & Safety • Reduce the rate of occupational accidents and diseases by adopting the latest National Occupational Safety and Health Master Plan. • Provide effective communication on health and safety procedures to internal and external stakeholders. Regulatory Risk Health & Safety Risk • Pledge to reduce GHG emissions in accordance with the SBTi and net zero ambition. • Conduct Energy Audits by analysing energy patterns and utilisation rates. Climate Risk Climate Action Traceability, Responsible Sourcing & Supply Chain Management • Improve the efficiency of supply chain management, aiming at reducing operating costs. • Strategic sourcing with better negotiated transactions and improved internal processes. Sustainability Risk Cyber Security Risk Trading Risk Upholding Human Rights & Labour Standards Market Risk Market Risk More information on the Group’s Key Risks (indicated by red icons) can be found in the Statement on Risk Management and Internal Control on pages 161 to 169.
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