FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 127 BOARD SUSTAINABILITY COMMITTEE REPORT Mohamad Fadzil HItam Member (INED) Appointed on 29 December 2023 Tan Sri Rastam Mohd Isa Chairman (NINED) Appointed on 29 December 2023 The BSC plays a crucial role in supporting the Board’s oversight responsibilities regarding the Group’s sustainability objectives, policies, and practices. The committee focuses on various key areas, including material sustainability matters, health and safety, environmental, economic, and social considerations, human rights, good social practices, traceability and supply chain, sustainability certification, and other areas deemed material at different points in time. The BSC, as outlined in its ToR, was scheduled to convene quarterly. However, in 2023, the BSC held only two meetings, specifically in January and March, due to a lack of quorum resulting from the departure of a member in June. In lieu of the BSC meetings, discussions on relevant sustainability matters took place within the BGRMC before being presented to the Board. The responsibilities of the BSC encompass various critical aspects: 1. Formulation of GSP and Sustainability Strategies: The committee directs and oversees the development of the GSP, overall sustainability strategies, and related principles and policies. These initiatives align with the Group’s commitment to sustainability, the United Nations Sustainable Development Goals (UN SDGs), and relevant regulations and standards. 2. HSEC Performance Oversight: The BSC is responsible for directing and overseeing the Group’s performance in health, safety, environment, and community (HSEC). It ensures the adequacy of the Group’s HSEC framework and management systems. 3. Integration of Sustainability into Strategic Planning: The committee oversees the incorporation of sustainability considerations, human rights, and climate-related risks and opportunities into the Group’s long-term value creation strategy. 4. Monitoring Material Sustainability Matters: The BSC monitors and reviews the strategic management of material sustainability matters, risks, and opportunities identified by Top Management. It tracks progress against the Group’s sustainability targets (sustainability key performance indicators). 5. Review of Sustainability-related Issues: The committee reviews sustainability issues arising from grievances, independent audits, assurance reports, and matters highlighted by external consultants. 6. Employee Awareness Programmes: The BSC monitors employee awareness programmes aimed at fostering an understanding of the Group’s sustainability approach and supporting sustainability actions across the organisation. 7. Stakeholder Engagement Outcome: It oversees the outcomes of stakeholder engagement, focusing on matters that may impact the Group’s reputation, including grievances, concerns and allegations, evolving public and market sentiments, and government regulations. 8. Communication and Reporting: The committee ensures that the Group’s Sustainability Framework, strategies, priorities, and performance against targets are effectively communicated to internal and external stakeholders through appropriate means, including engagements and disclosures. 9. Review of Reporting to Shareholders and Authorities: The BSC reviews reporting to shareholders and relevant authorities, including disclosures related to sustainability matters mandated by Bursa Securities, such as the Sustainability Statement and the Sustainability Report. PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS Dato’ Dr. Suzana Idayu Wati Osman Member (NINED) Appointed on 26 April 2024
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