FGV Annual Report 2020

Sustainability Matters INDEPENDENT ADVISORY PANEL ON GOVERNANCE & SUSTAINABILITY BOARD of directors BOARD GOVERNANCE & RISK MANAGEMENT COMMITTEE (BGRMC) GROUP MANAGEMENT COMMITTEE (GMC) SUSTAINABILITY SYNERGY COMMITTEE G R O U P S U S T A I N A B I L I T Y PLANTATION business FINANCE & CORPORATE SERVICES LOGISTICS & OTHERS business SUGAR business E n g a g e m e n t C o m p l i a n c e Head OF group sustainability (Reports directly to GCEO) The Board of directors The Board of Directors formulates the GSP and ensures that it is executed by the GMC. The Board also ensures that the GSP takes account of material matters that impact business goals and ascertains FGV’s sustainability practices. In addition, the Board is responsible for approving FGV’s sustainability disclosures. Independent Advisory Panel (IAP) The IAP was set up in November 2019 and consists of experts who provide independent advice to the Board and Group Management Committee on how FGV can improve its corporate governance and sustainability performance. The composition of the IAP, and its roles, responsibilities and recommendations are made to address sustainability issues faced by the Group in 2020 published in Section 5: How We Are Governed on page 197. group management committee (GMC) The GMC reports directly to the Board and is the conduit between the Board (that includes the BGRMC) and the FGV operational units on sustainability and corporate governance related matters. The GMC is composed of members of the senior management team and is chaired by the Group Chief Executive Officer (GCEO), who oversees, advises and monitors the overall performance of the Group’s sustainability initiatives. SUSTAINABILITY GOVERNANCE Led by the Board of Directors, sustainability remains a priority for FGV. Reporting structures are clearly defined to ensure that the Group Sustainability Policy (GSP) is implemented in the spirit and manner it is intended. The roles and responsibilities of the sustainability governing body are depicted below. board governance and risk management committee (BGRMC) The BGRMC is the board committee with oversight for the formulation of the GSP and sustainability strategies. It monitors their implementation by the GMC, and also reviews the Sustainability Report and any other related information that has a major financial and/or reputational impact on the Group. T E C H N I C A L R E G U L A T I O N S 98 FGV HOLDINGS BERHAD Annual Integrated Report 2020