DRIVING OUR STRATEGY SEC 4 30 BUSINESS STRATEGY STRATEGIES TO ENHANCE PERFORMANCE AND BOTTOM-LINE In executing our BP26 strategy, we have adopted a systematic approach to implementing our strategies effectively aimed at enhancing our performance and bottom line. The strategy is developed to foster long-term growth and improve day-to-day operational efficiency, ensuring a balanced focus on immediate operational needs and future strategic goals. To execute this, the Key Initiatives identified under the BP26 are divided into two primary categories, which are the Key Strategic Initiatives and Key Operational Initiatives. Our Key Strategic Initiatives are designed with short- and long-term perspectives to drive organisational growth and respond to external factors. Meanwhile, the Key Operational Initiatives are focused on improving our daily operations, enhancing efficiency, and aligning internal resources with our organisational objectives. KEY INITIATIVES Key Strategic Initiatives Key Operational Initiatives STRENGTHENING CAPABILITIES FOR VALUE GENERATION We recognise the structural challenges within our core businesses and the impact of commodity price fluctuations, particularly in palm oil, on our value creation potential. Aligned with our vision to deliver sustainable foods and agriproducts to the world, we are building up our capabilities in the food value chain to develop higher value-added products and capitalise on synergies within the Group. This strategic initiative will enable FGV to expand its growth trajectory, create value for stakeholders, and establish a foundation for sustainable development. In pursuit of this vision, we are focusing on Consumer Products, with an emphasis on fresh produce, dairy, and cooking ingredients. While we have already introduced certain products to the market, we see numerous untapped opportunities to address evolving consumer needs. There is also an element of national interest in what we do as we seek to support the country’s National Agrofood Policy 2.0 (NAP 2.0) and help to increase self-sufficiency rates for selected food items. Main Role: Consumer Products Supporting Role: National Food Security Food We are exploring the potential of green energy generation, a move that aligns seamlessly with our broader sustainability goals and the government’s vision for a more diversified energy ecosystem. By leveraging our agricultural by-products, such as biomass from palm oil production, we are well-positioned to contribute to sustainable energy initiatives. This strategy involves collaboration and innovation with feedstock suppliers, power generators, and distributors to transform agricultural by-products into renewable energy and integrate it into the national grid. These initiatives will enable us to participate in and contribute to a sustainable and diversified energy ecosystem, positively impacting FGV’s operational efficiency and future growth. GREEN ENERGY Feedstock Supplier Power Generator Power Distributor KEY ENABLERS FOR SUCCESS • Attract, retain, and develop key talents • Strengthen work culture that fosters commitment to one vision • Drive performance through an equitable and fair remuneration and reward structure Human Capital • Explore funding methods that support growth to increase liquidity, including funding for capital expenditure, new investment, and ESG initiatives Financial • Drive green energy, climate action, and biodiversity conservation • Focus on WRO resolution and Diversity, Equity and Inclusion (DEI) advancement • Continuous strive to obtain sustainability certification, optimise supply chain management, and enhance ESG performance Sustainability
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