FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 21 CHAIRMAN’S STATEMENT THE ROAD AHEAD We anticipate ongoing challenges from global market uncertainties that include geopolitical conflicts and trade disruptions. These could impact market demand, increase freight costs, and contribute to inflation. At the same time, unpredictable weather due to climate change, volatility in the CPO market, together with instability in the food industry, are expected to remain as major factors influencing our operations. Our steadfast commitment to strengthening our sustainability will guide our path forward. We are diligently working on meeting the WRO remediation plan and actively addressing climate change through sustainable business models. Our strategy also includes expanding our product range, nurturing employee growth, and strengthening community connections, especially with FELDA settlers and independent smallholders. These strategies are central to driving our growth and ensuring our resilience. APPRECIATION I thank my fellow Directors on the Board for their invaluable support and insightful contributions. My appreciation is extended to Dato’ Shahrol Anuwar Sarman for his interim leadership prior to my appointment. The Board joins me in thanking Dato’ Dzulkifli Abd Wahab, Dato’ Nonee Ashirin Dato’ Mohd Radzi, Encik Kasmuri Sukardi, Encik Azmin Che Yusoff and Dato’ Amiruddin Abdul Satar for their valuable contributions throughout their tenure. The Board is grateful to our Management team for their dedication and commitment towards excellence. The steadfast commitment of our employees at all levels has been essential in building, expanding, and ensuring the sustainability of our business. FGV’s partnership with FELDA and the hard work of settlers and independent smallholders have been invaluable for us. This has significantly contributed to our collective growth and success. Equally, the continuous support from all our stakeholders has been crucial in our journey towards sustainable and inclusive growth. Tan Sri Rastam Mohd Isa Chairman More information can be found in Operating Landscape on pages 27 to 28. AWARDS AND ACHIEVEMENTS We are honoured and appreciative of the awards we have received for our ESG initiatives, particularly those acknowledging our efforts to grow responsibly. These accolades affirm our commitment to sustainable practices and motivate us to continue striving for excellence. Social Governance Environment ESG Positive Impact Awards 2022 by The Star Media Group Berhad Gold Award for Environment: Renewable Energy category GRADUAN Brand Awards 2023 Malaysia’s Most Preferred Employer (Conglomerate Sector) The Malaysia Anti-Corruption Commission (MACC) re-rated FGV as MODERATE for 2020-2023, a change from the initial HIGH rating in 2019 Successfully underwent the re-certification of the ISO 37001 Anti-Bribery Management Systems (ABMS) with extended scope World HRD Congress 41st Malaysian Society for Occupational Safety and Health (MSOSH) Awards 2023 • Grand Award • Gold Merit Award • Gold Class I Award • Gold Class II Award • Silver Award Anugerah Integriti, Governans dan Anti-Rasuah (AIGA) 2023 by The Malaysian Institute of Integrity (IIM) Silver and Bronze 34th International Invention, Innovation & Technology Exhibition 2023 (ITEX’23) Silver Award for: • FGV QUICKCapt app digitises breeding data collection for better traceability • FGV N-Gro biofertiliser that reduces chemicalbased fertilisers • FGV Semantan Bamboo for bamboo ramet propagation Gold Award and Best Invention Award (Research Institutions) • Malaysia’s Best Employer Brand Awards 2023 • Malaysia Brand Leadership Awards 2023 for FGV Biotechnologies Sdn Bhd
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