FGV HOLDINGS BERHAD | SUSTAINABILITY REPORT 2022/2023 81 PROTECTING THE ENVIRONMENT Science-Based Targets initiative (SBTi) Recognising the adverse impacts and risks climate change poses to the plantation business, we remain committed to the SBTi to enhance our climate action. Additionally, the SBTi extends to our supply chain partners, ensuring the adoption of fair labour practices and the respectful and ethical treatment of workers. In a global initiative spearheaded by the SBTi, in collaboration with the United Nations Global Compact (UNGC) and the We Mean Business coalition, our commitment places us among 1,748 companies committed to the Business Ambition 1.5°C by 2050. This collective effort demonstrates our efforts to address climate challenges on a global scale. Moreover, through SBTi, we can: Annual Earth Hour FGV participated in the annual Earth Hour movement, spearheaded by the World Wildlife Fund (WWF) alongside other tenants of Wisma FGV, including the Construction Industry Development Board (CIDB), Maybank Berhad, Jabatan Perangkaan Malaysia, Jabatan Penerangan Malaysia and Monier Malaysia Sdn Bhd. This global initiative occurs annually from 8:30pm to 9:30pm during which participants turn off their lights for an hour to raise awareness about climate change. In 2022, the Earth Hour took place on 26 March under the theme ‘Shape Our Future’, and in 2023, it was held on 25 March with the theme ‘The Biggest Hours for Earth’. Climate Awareness Programmes Webinar series The Climate Action Unit at FGV has organised a series of webinars for staff members. The inaugural webinar, ‘Climate Change: What’s Happening and Why Should We Care?’ held on 26 March 2022, coincided with Earth Hour. It aimed to provide insights into climate change fundamentals and its potential impacts, attracting 147 participants. The second webinar, ‘Realising Zero: Transitioning to a Zero-Waste Operation,’ took place on 21 June 2022, focusing on promoting zero-waste practices within FGV and among Malaysian sustainability practitioners, with 265 participants. The third webinar, ‘Solid Waste Management: Relevance to Environmental Sustainability,’ held on 18 October 2023, coincided with national Environment Day. It aimed to raise awareness and encourage sustainable behaviour among staff and the public, engaging 160 participants. The exercise has been particularly challenging considering the complexity of our supply chain that includes multiple players such as FFB traders, smallholders and private estates. Furthermore, FGV sources more than 70% of its FFB from external sources that include more than 120,000 smallholders. To ensure the integrity of GHG calculations and accessibility to the latest science-based emission factors, FGV has appointed a third-party consultant, South Pole (SG) Pte Ltd, to support the company’s efforts on these initiatives. Our Net zero initiative covers Forest, Land and Agriculture (FLAG) and non-FLAG related activities. Establish and advocate best practices to achieve emission reductions and net zero targets according to climate science 1 Offer technical support and resources to companies with SBTi targets 2 Assemble a team of experts to deliver independent assessments and validation of targets for participating companies. As part of our commitment to SBTi, we have developed short- and long-term reduction objectives, subject to validation by the SBTi. With 2019 as our baseline year, FGV aims to cut 50% of its carbon emissions by 2030. 3
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