FGV HOLDINGS BERHAD | SUSTAINABILITY REPORT 2022/2023 19 OUR STORY GROUP SUSTAINABILITY POLICY • Addressing climate change • No deforestation and planting on peat • Protect High Biodiversity Value (HBV) and High Conservation Value (HCV) areas • Limitations on the use of hazardous chemicals and agrochemicals • Water management and waste management • Efficient use of natural resources Protecting the Environment • Equality and non-discrimination • Upholding labour standards • Respecting the rights of indigenous peoples and local communities • Health and safety • Preventing harassment and abuse Respecting Human Rights • Responsible sourcing - support for suppliers, and smallholders. • Responsible production - obligation of value chain partners through traceability and certification Promoting Economic Growth WHICH ARE SUPPORTED BY OUR SUSTAINABILITY POLICIES OUR SUSTAINABILITY FRAMEWORK GUIDES THE WAY WE APPROACH ESG ASPECTS Integration of sustainability objectives and targets into the Company’s core business strategy, model and governance structure. Integration of a responsible approach to social and human rights issues. Integration of environmental protection and sustainable food production in becoming a zero environmental impact business. Linking innovation and transformation to promote incremental and disruptive sustainability-oriented innovations and progress. Governance Social Environment Innovation & Transformation AND PROVIDES THE CATALYST FOR OUR SUSTAINABILITY STRATEGY RETHINK CROSSING THE CHASM 2022 • Revision of policies and standards • Resolving resistance and lack of integration • Feasibility study and re-assessment of existing and new business strategies • Enhancement of existing sustainability programmes • Strengthening governance for a holistic approach • Promoting sustainability-related innovation management BRIDGING AT PEAK 2024 • Redesign processes and products to close the loop • Full and continuous compliance with sustainability regulations and standards at national and global levels • Continuous engagement and materiality assessment • Continuous improvement in policies and internal standards • Branding of FGV as a sustainabilitybased commerce REDESIGN • Adoption and integration of a holistic sustainability approach at the operational level • Management of negative impacts throughout operations • Building a culture that integrates sustainability principles into improving profitability and livelihood • Commitment to zero-impact business operations through circularity (closedloop) • Full ethical investment and sourcing TAKING THE LEAP 2023 REPURPOSE
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