OUR SUSTAINABILITY JOURNEY SEC 1 18 OUR STORY FGV’s GSP was introduced in 2016 and aligns with Global Sustainability Standards to positively impact economic, environment, and social aspects. The GSP’s three pillars focus on Promoting Economic Growth, Respecting Human Rights, and Protecting the Environment. This policy guides FGV’s sustainability initiatives across all its entities, including listed and non-listed subsidiaries under its management control. Moreover, the GSP extends to contractors, suppliers, and other third parties working with FGV, ensuring a comprehensive and inclusive approach to sustainability. Profitability and economic growth as the main output of a holistic sustainability approach. Economic Growth SUSTAINABILITY FRAMEWORK FGV’s Sustainability Framework aligns our sustainability efforts with Environmental, Social and Governance (ESG) principles. The Framework guides the integration of sustainable practices into our business management and operations serving as a blueprint for sustainable development to generate long-term value for all stakeholders. Our sustainability endeavours priortise human rights and compliance with labour standards while aiming to foster positive environmental and social impacts. We are committed to this approach to strive for sustainable and holistic business growth. SUSTAINABILITY GOVERNANCE The Board at FGV takes a top-down approach to leading the Group’s sustainability efforts. This oversight sets the tone from the top to ensure sustainability is a key organisational priority. Supported by the Board Sustainability Committee (BSC) and the Sustainability Steering Committee (SSC), the Board oversees the strategic development and implementation of the Group Sustainability Policy (GSP). The BSC receives detailed reports from the Group Management Committee, and the SSC informing the Board’s decisions on sustainability matters. Furthermore the Board holds the responsibility for approving public disclosures regarding the Group’s sustainability efforts, ensuring that sustainability initiatives are well-coordinated and transparently communicated to all stakeholders. SUSTAINABILITY SCOPE AND BOUNDARIES FOR SUSTAINABILITY REVIEW This sustainability review in this report covers only FGV’s operations and its subsidiaries in Malaysia, excludes subsidiaries, joint ventures, and associates outside of Malaysia for the period of 1 January 2022 to 31 December 2023. More information on Sustainability Governance can be found in the Corporate Governance Overview Statement on pages 107 to 145 in our 2023 Annual Integrated Report. Transformation Innovation Social Environment Governance Our comprehensive sustainability approach is structured into three phases: Rethink, Repurpose, and Redesign, being executed from 2022 to 2024. This three-phased structured approach aims to generate significant positive impacts across economic, environmental, and social aspects. The strategy’s phased approach allows for focused and sequential implementation, ensuring thorough addressing and integration of each aspect of sustainability into the Group’s overall framework.
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