PROMOTING ECONOMIC GROWTH SEC 2 38 PROMOTING ECONOMIC GROWTH ECONOMIC IMPACT As a global food and agribusiness organisation, we play a vital role in fostering the country’s economic growth through our support for the food industry. Recognising that our direct and indirect economic impact can contribute to the nation’s prosperity, we endeavour to generate long-term value through our financial performance and the creation of employment opportunities throughout our value chain which grows the country’s economy. Additionally, we also ensure that our sustainable business activities are beneficial for our communities and the preservation of the natural environment. WHY IT IS IMPORTANT CONTRIBUTION TO THE UN SDGs SDG target How we support the SDG Mobilise resources to implement policies to end poverty FGV strives to expand our business sustainability to ensure positive economic impacts for all of our stakeholders. Diversify, Innovate and Upgrade for Economic Productivity To include mechanisation, digitalisation as well as R&D, FGV oversees a leading oil palm research centre in Southeast Asia, dedicated to innovating and advancing the industry. Our efforts focus on improving yields, refining processes, and developing sustainable downstream products, while also exploring new revenue streams. To encourage innovation and investment in technologies and practices that are more sustainable and efficient. This can drive productivity gains and enhance competitiveness in the long term. Improve Resource Efficiency in Consumption and Production FGV has consistently strived to increase yields through adequate and stable labour, improving field presence, crop recovery efficiency, and implementing ongoing GAP in both primary and young mature areas. OUR APPROACH FGV’s Business Plan 2026 (BP26) which is our next phase of growth, capitalises on our existing strengths to address any shortcomings in order for us to advance in our competitiveness and market expansion. This strategy incorporates annual adaptations to remain agile in response to market dynamics and emerging prospects, reaffirming FGV’s dedication to innovation and global expansion in the agribusiness domain. We believe that through our BP26, we will be able to amplify our economic impact which will help us drive sustainable growth, increase employment rates, and enrich both our organisation and the broader economy.
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