STEERING INTEGRITY AND ACCOUNTABILITY SEC 6 128 SUMMARY OF WORK In 2023, the BSC reviewed and considered the following key matters in discharging its responsibilities: WRO BY THE US CBP • Received updates on the progress of FGV’s actions to modify the WRO • Provided direction on the steps to address the WRO FGV’S SOCIAL PROGRAMMES • Reviewed FGV’s initiatives and programmes for Gender Equality and Women’s Empowerment (GEWE) • Reviewed FGV’s Independent Smallholders Consultation Programme • Deliberated the adoption of FGV Guidelines on Respecting and Protecting Children’s Right • Deliberated the efforts regarding engagement with workers through various events FGV’S ENVIRONMENT PROGRAMMES • Monitored FGV’s Conservation and Environmental Programmes • Reviewed FGV’s HCV and Peat Mapping efforts • Received updates on FGV’s Tree planting Programme • Reviewed the Achieving Coexistence with Elephants (ACE) Project in Southern Peninsular Malaysia with Management and Ecology of Malaysian Elephants (MEME) • Monitored FGV’s River Water Management Plan • Received updates on FGV’s Barn Owl Video Production • Reviewed the Resource Efficiency and Industry Symbiosis (REISO) • Monitored the Energy Management Gold Standard (EMGS) Certification SUSTAINABILITY GOVERNANCE • Monitored FGV’s efforts in implementing the WRO remediation plan to address the forced labour indicators • Deliberated FGV’s Traceability and Supplier Management Initiatives FGV’S SUSTAINABILITY STATEMENT 2022 • Deliberate and recommend the Sustainability Statement for FGV 2022 Annual Integrated Report to the Board SUSTAINABILITY CERTIFICATION • Monitored the progress of FGV’s certification progress, comprising RSPO and MSPO • Oversaw FGV’s compliance with sustainability certification related regulations and standards • Deliberated the systemic issues raised on non-compliance • Monitored FGV’s Sustainability Policy Transparency Toolkit (SPOTT) score for the year 2021 (2022 assessment). • Monitored the progress of Traceability within FGV’s Palm Oil Supply Chain through FGV TOP • Monitored the progress of Rubber Traceability CLIMATE ACTION • Oversaw the progress and provide input on the Group wide climate action plan • Monitored the progress of FGV’s commitment to the ScienceBased Target initiative (SBTi). • Deliberated FGV’s Carbon Inventory and Greenhouse Gas Management PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS More information on the BSC’s ToR can be found on our website, www.fgvholdings.com. This Report is to be read together with the CG Report 2023, also available on our website. For details on the composition of the BSC in 2023, including members’ name, designations, number of meetings, and attendance, please refer to page 112 of this Report. Additionally, information on the identified Senior Management who is responsible for strategically and operationally in managing sustainability can be found on page 104.
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