FGV Annual Report 2020

This is FGV’s Annual Integrated Report (AIR) for the year ended 31 December 2020 (FY2020), which is FGV’s 6 th AIR. It is a culmination of our efforts to prioritise transparency and accountability in continuing to create sustainable value for our stakeholders. This report reflects the integrated approach we take in operating our business. The Six Capitals, as identified by the International Integrated Reporting Council (IIRC), have served as essential guides to help us achieve our strategic objectives. The capitals represent stores of value and each of them – Financial Capital, Natural Capital, Manufactured Capital, Intellectual Capital, Human Capital and Social & Relationship Capital – is important on how it impacts our business. By reporting according to the Six Capitals, our stakeholders will be better informed and have a broader view of how the business strives to create net positive value. This approach also allows for more concise reporting and frames topics in the context of value creation over time. To produce this report, we have followed the IIRC Framework and adhered to local reporting requirements, i.e. the Malaysian Code on Corporate Governance 2017 (MCCG 2017) and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Securities Listing Requirements). We also strived to achieve Global Reporting Initiative Standards benchmarks on sustainability reporting. REPORTING SCOPE AND BOUNDARIES This report contains information on the value creating activities that are material to the Group. Hence, the report has been confined to developments throughout FY2020 from 1 January 2020 to 31 December 2020. Unless otherwise stated, it covers all of FGV Holdings Berhad’s businesses in Malaysia and the other countries we operate in. This includes operations over which we have full control of subsidiaries and joint ventures. We also report on other developments or information that may transcend our reporting boundaries but are considered highly material to the Group’s performance. This report details on a like-for-like basis without any major restatements. We have also embedded our sustainability disclosures throughout this report to demonstrate how we support value creation and how important sustainability is to the Group. Furthermore, this report includes all risks and opportunities material to our sustainability but does not estimate or forecast future impacts of our sustainability-related material matters. For a holistic view of our business, this report should be read together with the information available on our website at: OUR MATERIAL MATTERS During the year, we have reviewed the relevance of the material matters to our business and stakeholders’ expectations. We have refreshed our stakeholder engagement and materiality assessment and a revised Materiality Matrix 2020 is presented in this report. We have applied the <IR> Guiding Principle: Materiality in assessing the information for inclusion in our report. This report focuses on issues, risks, opportunities, and challenges that may have a material impact on FGV and its ability to be a sustainable company that consistently delivers value to our shareholders and all stakeholders. www.fgvholdings.com OUR REPORTING SUITE FGV’s 2020 reporting suite comprises the following: About This Report Annual Integrated Report 2020 Audited Financial Statements 2020 2 FGV HOLDINGS BERHAD Annual Integrated Report 2020