FGV HOLDINGS BERHAD | SUSTAINABILITY REPORT 2022/2023 39 PROMOTING ECONOMIC GROWTH With the vision of delivering sustainable foods and agriproducts to the world, our BP26 is guided by the four Key Focus Areas. PROGRESS AND ACHIEVEMENTS In 2022, we have generated a direct economic value of RM25.56 billion in sales revenue, of which we have distributed our economic value through various avenues such as tax contributions of RM578 million. Direct Economic Value Generated Economic Value Distributed Economic Value Retained Revenue RM25.56 billion Operating Costs (RM1.44 billion) Employee Wages and Benefits RM1.99 billion Total Dividend Payment RM547.2 million CSR related initiatives RM17.18 million Tax payment to the Malaysian government Malaysia RM578 million RM25 billion TOTAL RM551.14 million Our Market Strengthening & Penetration strategy focuses on deepening our presence in existing markets while identifying and capitalising on new opportunities. • Implementing food strategy • Partnerships with established organisations • Establishing more bases overseas • Developing our people to be global • Brand strengthening • Supply chain optimisation Market Strengthening & Penetration • Drive operational excellence and digitalisation • Process improvement and asset optimisation • Technology adoption and modernise operations • Foster culture of innovation and sustainability Operational Excellence & Digitalisation • Environment: Drive climate action and carbon emission reduction, and support renewable energy • Social: Remediation plan to modify the WRO, foster in full diversity, equity and inclusion (DEI) • Governance: Enhance certifications, rankings and supply chain transparency Embedding Sustainability • Asset rationalisation • Capital structure optimisation • Turnaround plan for underperforming assets • Sweating of assets and responsible investment Financial Management & Cost Optimisation
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