FGV Annual Report 2020

LOG I S T I Cs & Others ( LO ) Core Values At FGV, we believe in creating value through our human capital resources. This calls upon the Group to recruit, nurture and retain the best of talents. At the same time, the management makes every effort to provide employees with a nurturing environment that encourages innovation, communication, collaboration and the commitment to realise the Group’s business goals and vision. Our core business draws strength from our historic approach of building an integrated value chain that is efficient and effective. The foundation for this lies in a good corporate culture that continuously drives FGV forward to become a high performing organisation that is resourceful, relevant and respected. It is thus critical to our staff to be imbued with corporate values to create real tangible value that goes beyond the convention of “just doing the job”. At FGV, we strive to ensure our employees conduct themselves in accordance with our five corporate values, expressed simply as P.R.I.D.E - Partnership, Respect, Integrity, Dynamism and Enthusiasm. P.R.I.D.E is the foundation of the Group’s corporate culture and defines how we do business within FGV, with our supply chain, our partners and all other external parties. We want P.R.I.D.E to be more than lip service. In 2020, we went a step further by incorporating P.R.I.D.E. into FGV’s performance management system (PMS) framework. What this means is that each employee is required to select one competency (out of the 18 leadership competencies that have been pre-identified by the management) and work at improving that selected competency within the context of the five corporate values. The selected competencies will then be closely monitored by the employee’s respective superior. Various workshops and programmes were held to ensure a successful rollout of this initiative, which included the nationwide Feedback and Coaching Workshop and the Pride Leadership Competencies Workshop (PLCW). Embedding Core Values in Our Corporate Culture PASIR GUDANG PORT KLANG 15 UNITS 15 UNITS PME TANKERS CURTAIN SIDER TRUCKS 5 UNITS DUMPER TRUCKS 15,600 MT ADDITIONAL EDIBLE OIL STORAGE CAPACITY EXPANSION IN PASIR GUDANG AND PORT KLANG 127,775 SQFT NEWLY BUILT WAREHOUSE IN PORT QASIM, PAKISTAN P R I D E LO is set to play a pivotal role as FGV moves forward to become an end-to-end agribusiness player. At the end of 2019, edible oil storage capacity and warehouses had a total of 939,700 MT (Malaysia, Indonesia and Pakistan) and 434,613 sqft warehouse area in Malaysia respectively. For inland transport, more than 500 vehicles were in our mixed fleet. In 2020, edible oil storage, warehouse, and inland transport operations were bolstered to serve increasing market demands and in line with the Group’s business strategy to grow its LO sector’s revenue, new additional assets were added as follows: 39 Who We Are How We Operate How We Are Governed Additional Information Sustainability Matters Statement & Discussion By Our Leaders