FGV Annual Report 2020

REPORTING INTEGRITY Following good governance practices, we have ensured that the information presented in this report is reliable, consistent and complete. To uphold report quality, this report has been reviewed by the Reporting Committee to ensure its compliance with the IIRC Framework and its fair representation of the performance of the Group against targeted value creation outcomes. The report has further been reviewed by the Audit Committee and together with the Audited Financial Statements 2020, submitted to the Board for its final approval. The external auditors have further supported our assurance by providing external assurance on our Financial Statements. They have read all other information and considered whether it is materially consistent with the Financial Statements or their knowledge obtained in the audit. The external auditors have also provided a limited assurance review on our Statement on Risk Management and Internal Control (SORMIC). FORWARD-LOOKING STATEMENTS Where necessary, we have used forward- looking statements related to our Group’s plans, objectives, strategies, future operations and performance. Such statements should not be taken as guarantees of the Group’s future results as we remain subject to various possible scenarios of risks, uncertainties and assumptions. Actual results and outcomes may significantly differ from forward-looking statements. We make no expression or implied representation or warranty that the results targeted by these forward-looking statements will be achieved. The Group is also under no obligation to update these forward-looking statements or the historical information included in this report. OPPORTUNITIES FOR FEEDBACK We welcome feedback and enquiries from our stakeholders and the public on our reporting. Improving our reporting practices and standards can only be done with their involvement and regular engagement throughout the year. Our Investor Relations team can be contacted through the various feedback channels listed in Our Corporate Details on page 12 and Communicating with Stakeholders on page 224. NAVIGATION ICONS STRATEGIC THRUSTS OUR SIX CAPITALS Operational Improvement Products & Markets Penetration New Growth Area Financial & Capability Building Financial Natural Manufactured This Capital consists of the pool of funds available to FGV that facilitate the adding of value to all other Capitals, including itself. FGV’s pool of funds includes debt, equity or revenue generated from our business activities. It is critical for this resource to be sustained as the other Capitals require it to generate value. All renewable and non-renewable environmental resources and processes that provide goods or services to support the past, current or future prosperity of the company. It includes emissions, water, waste, land, minerals and forests, along with biodiversity and its ecosystem. Physical objects (as distinct from natural physical objects) that are available to a company for use in the production of goods or the provision of services, including buildings, equipment and infrastructure (such as roads, ports and bridges etc). Intellectual Human Social & Relationship Intellectual Capital consists of our research & development (R&D) capabilities that produce proprietary knowledge and other intellectual property that enable the Group to be more efficient and productive. The resultant higher-value products that are created along the palm oil value chain help to add value to all other Capitals. People competencies, capabilities and experience, and their motivations to innovate, including their alignment and support for the Group’s governance framework, risk management, and ethical values along with the ability to understand, develop and implement the Group’s strategy and motivations in improving processes, goods and services, including their ability to lead, manage and collaborate. Institutions and relationships within and between communities, groups of stakeholders and other networks, and the ability to share information to enhance individuals’ well-being and its licence to operate. Social and relationship capital include brand and reputation, common values and behaviours, key stakeholder relationships, and the trust and willingness to engage with its external stakeholders. 3 Who We Are How We Operate How We Are Governed Additional Information Sustainability Matters Statement & Discussion By Our Leaders