FGV Annual Report 2020

FGV R&D Day FGV R&D Sdn. Bhd. held a two-day exhibition at Wisma FGV to showcase its 50 years of R&D expertise and capabilities in palm oil, as well as new advancements in other strategic crops. FGV Awards Night and FGV Golden Voice The FGV Awards Night was attended by nearly 1,000 staff nationwide, representing all businesses in the Group. Themed ‘Let Us Celebrate You’, the event was also attended by Chairman, Datuk Wira Azhar Abdul Hamid and several members of the Board. The FGV Golden Voice event also took place with the participation of staff from all over Malaysia. FGV Diversifies into New Revenue Streams FGV bought a 60% equity in RedAgri Farm Sdn. Bhd. for RM10 million, marking the Group’s entry into the dairy farming business and fresh milk processing. The acquisition of RedAgri, which owns the Bright Cow brand of dairy products, enables FGV to create more value from its existing resources and tap into synergies within the palm-based circular economy. B20 Biodiesel Programme Launching Ceremony for the Transportation Sector The Government has implemented the B20 Biodiesel Programme in phases throughout Malaysia starting in Langkawi, Sarawak and Sabah in 2020 and in Peninsular Malaysia by June 2021. In 2019, FGV was directly involved in testing Biodiesel B20 with MPOB for six months using three vehicles owned by FGV Transport Services Sdn. Bhd. It is FGV’s commitment in supporting the Government’s initiative to implement a biodiesel programme for the transportation sector. 13 FEBRUARY 17 FEBRUARY 20 FEBRUARY 14 FEBRUARY FGV Achieves ACCA Certified Employer Status The attainment of the Approved Employer status symbolises the support provided for our bright accountants within the Group for their Continuing Professional Development (CPD) needs and demonstrates the effectiveness of FGV‘s in-house employee development programmes which are at par with global accounting best practices. 3 MARCH Corporate Corporate Responsibility 17 Who We Are How We Operate How We Are Governed Additional Information Sustainability Matters Statement & Discussion By Our Leaders