PROMOTING ECONOMIC GROWTH SEC 2 34 OUR APPROACH In our commitment to operating and advancing responsibly, we are guided by the UN SDGs, Group Sustainability Policy (GSP) and Sustainability Certification Policy Statement and Standards. By obtaining sustainability certifications, we aim to address issues such as conflicts with stakeholders during compliance monitoring and assurance enforcement. Our approach to social compliance, biodiversity and land management is guided by the GSP, our Sustainability Framework as well as the RSPO and MSPO certification systems. These certification schemes are essential in mitigating organisational risks, including regulatory, operational and reputational risks. REGULATORY COMPLIANCE & SUSTAINABILITY CERTIFICATIONS Sustainability certification schemes are increasingly vital for FGV as they serve as acknowledgement of compliance with globally recognised industry sustainability standards. These include the Roundtable on Sustainable Palm Oil (RSPO), Malaysian Sustainable Palm Oil (MSPO), International Sustainability and Carbon Certification (ISCC) and Green Gold Label (GGL). These certifications play a fundamental role in establishing trust and offering reassurance to customers and stakeholders regarding the high quality of our products and the conscientious practices implemented throughout our supply chain. Certification is not only crucial for preserving FGV’s reputation and ensuring adherence to standards but also pivotal in light of our position as a leader in the palm oil industry. Additionally, certifications reinforce the sustained acceptance of our products, positioning us as a selected partner/supplier in the global value chain. This, in turn, expands our market shares and customer base, grants access to finance, substantiates sustainability claims, and positions us as a preferred brand among consumers. Consequently, these certifications provide assurance regarding revenue flows and the credibility of our products. WHY IT IS IMPORTANT PROMOTING ECONOMIC GROWTH SDG target How we support the SDG Encourage Companies to Adopt Sustainable Practices and Sustainability Reporting FGV has launched capacity-building initiatives to enhance awareness about the importance of smallholders in its supply chain. The assistance involves creating awareness and supporting them in acquiring the voluntary and mandatory certifications to ensure sustainable practices within its supply chain and promote transparency in reporting. RSPO and MSPO certifications aim to promote sustainable practices in the palm oil industry, which plays a significant role in land use and biodiversity conservation. As FGV adheres to RSPO and MSPO standards, it contributes to the preservation of terrestrial ecosystems, the protection of biodiversity, and the sustainable management of forests. End Deforestation and Restore Degraded Forest CONTRIBUTION TO THE UN SDGs
RkJQdWJsaXNoZXIy NDgzMzc=