FGV Annual Report 2020

86 FGV HOLDINGS BERHAD Annual Integrated Report 2020 Our Materiality Matrix 2020 • Operational Excellence and Human Rights & Labour Standards remain as top material matters for FGV Group. This is in line with FGV’s ongoing efforts to ensure business sustainability and addressing human rights issues. • Occupational Health & Safety also appear as high materiality matters for FGV Group. This can be mainly attributed to the impact of the COVID-19 pandemic. • Environmental-related sustainability matters (including water management, waste management, climate action and renewable energy and energy management) have increased in materiality. They moved up from the lower quadrant to medium quadrant. This movement in materiality is aligned to the current business operating landscape with the increased significance of climate change and environment-related risks. • Traceability, responsible sourcing and supply chain management have shown improvement in terms of materiality. The changes have led the movement from medium quadrant to high quadrant. This is reflective of stakeholders’ expectations and FGV’s ongoing efforts in conducting various initiatives to improve the traceability and sourcing across the Group. Very High Importance Operational Excellence Upholding Labour Standards High Importance Occupational Health and Safety Sustainability Certifications Governance, Ethics and Integrity Traceability, Responsible Sourcing and Supply Chain Management Medium-High Importance Data Security & Protection Waste Management Employee Engagement Talent Management Water Management Climate Action Renewable Energy and Energy Management Medium-Low Importance Business Development and Product Quality Biodiversity and Land Management Community Engagement and Development Materiality Matrix Further to the conduct of materiality our assessment, we have developed our materiality matrix and identified our top material sustainability matters for FY2020 namely Operational Excellence and Upholding Human Rights & Labour Standards. Significance of FGV’s Economic, Environmental and Social Impacts OP DP BP BL WS EE TM CD WT CA RE HR OS SC GI TS Our Risks and Opportunities Influence on Stakeholders Assessment and Decisions Low Medium High High Medium CD BL BP CA OS WS GI EE SC HR OP DP RE WT TM TS