FGV HOLDINGS BERHAD | SUSTAINABILITY REPORT 2022/2023 45 FGV has demonstrated remarkable progress in its integrity and anti-corruption efforts over the years. Since the implementation of the Integrity Assessment Tool (IAT) in 2021, the organisation has seen a notable improvement in its integrity levels, achieving an impressive 82% Level of Integrity (Excellent) in 2021, a significant jump from the previous score of 68% in 2018. In 2022, we further conducted a third-party Adequate Procedures Adequacy Assessment, which found that FGV had a LOW-RISK exposure to corruption, indicating minimal grounds for non-compliance towards Section 17A of the MACC Act 2009, which stipulates the corporate liability principle where a commercial organisation can be considered guilty if any of its employees and/or associates commit corruption for the benefit of the organisation. These achievements were further recognised externally when FGV was honoured with Silver and Bronze in the Anugerah Integriti, Governans dan Anti-Rasuah (AIGA) Award 2022, organised by the Malaysian Institute of Integrity. Additionally, a risk re-rating conducted by the MACC for the period of 2020 to 2023 revealed that FGV’s categorisation of risk exposure to corruption declined from HIGH in 2019 to MODERATE in 2023, showcasing commendable progress in corruption risk management. These accolades and improvements underscore FGV’s unwavering commitment to upholding integrity and combating corruption in all facets of its operations. CASE STUDY Anti-Bribery Internal Audit Successfully conducted Anti-Bribery Internal Audit at 43 sites to evaluate the effectiveness of the Anti-Bribery Management System. FGV AntiCorruption Plan 2020 – 2023 The FGV Anti-Corruption Plan consists of 74 identified action plans, all of which have been successfully implemented within the specified timeline and in line with National Anti-Corruption Strategy. PROMOTING ECONOMIC GROWTH GOING FORWARD Moving forward, FGV maintains a zero-tolerance approach towards all forms of bribery, fraud, and corruption. We are dedicated to maintaining governance, ethics, and integrity for the enduring success of our organisation. We are committed to conducting our business with integrity, ensuring that we uphold the highest standards of ethics in our business dealings and relationships. We will persist in offering thorough training to all employees to deepen their grasp of these values, while also ensuring consistent communication of policies and procedures. We have a comprehensive Anti-Bribery Policy Statement, Anti-Bribery Management System Manual, and other policies which guide us in our conduct, helping us to identify instances of fraud, bribery, and corruption in our business transactions, operations, and day-to-day processes. Integrity Day Several activities conducted including insightful online talk, impactful notes from the Group CEO, and group photo to support the occasion. Engagement with the Malaysian Anti-Corruption Commission (MACC) FGV regularly engages with the MACC to stay updated with the latest regulatory compliance. In 2023, 10 engagement sessions were held with the MACC. FGV also consistently submits its IGU reports to MACC’s Agency Integrity Management Division (BPIA). Integrity and Governance Unit (IGU) Best Practices Sharing session and benchmarking practice with 3 companies such as FELCRA, Sarawak Economic Development Corporation (SEDC), Sime Darby Plantation Berhad. What Next for Corruption? Fostering a culture of ethical compliance and transparency, enhancing governance, integrity, and engaging with credible 3rd party assessors to gauge our effectiveness.
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