APPENDICES SEC 5 112 MATERIALITY ASSESSMENT Every year, we conduct materiality assessments to identify and evaluate the importance of economic, environmental, social and governance (EESG) risks, which collectively form our sustainability matters. These assessments help us generate long-term value by allowing us to effectively manage sustainability, risks and opportunities in line with our strategy, business objectives and stakeholder needs. Our materiality assessment is guided by several frameworks and standards, including Bursa Malaysia’s Sustainability Reporting Guide (3rd Edition), Global Reporting Initiatives (GRI) 3 Material Topics 2021, Sustainability Accounting Standards Board (SASB) Standards, Morgan Stanley Capital International (MSCI) and Bursa Malaysia’s Toolkit: Materiality Assessment 2022. The materiality assessment process was conducted in the following three stages: In 2023, we engaged a third party to lead us in conducting a comprehensive materiality assessment, resulting in the identification of 20 material matters. This process involved conducting a survey with both internal and external stakeholders to gauge the significance of each material matter. Internal stakeholders included the Board of Directors, employees and workers, while external stakeholders comprised investors, regulators, FELDA, customers, partners and suppliers, among others. A total of 93 stakeholders were provided with a bilingual (Bahasa Malaysia and English) questionnaire covering the 20 identified material matters through an online link for their input. The survey also included brief explanations of each material topic to enhance stakeholder understanding and encourage participation. The findings of the online materiality assessment survey were organised according to average responses. Similar criteria were used to summarise these into 20 primary material topic groupings, incorporating FGV’s initial 16 material matters from FY2022 and FY2021 assessments, along with four new material matters considered relevant to FGV as an organisation. IDENTIFY REVIEW VALIDATE • Understand FGV’s unique operating context and business scope • Identify the stakeholder groups pertinent to FGV’s operations • Identify list of material matters within the agriculture industry, aligning with both local and global standards and guidelines • Engage internal and external stakeholders through surveys and workshops, focusing on actual and potential impacts on ESG aspects • Evaluate and rank material matters based on their impacts on FGV and its key stakeholders • Align material matters with the sustainability pillars • Revise the materiality matrix, considering matters ranging from critical to medium importance • Present the updated materiality matrix to Senior Management and respective Board Committees for review and validation
RkJQdWJsaXNoZXIy NDgzMzc=