FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 33 AN OVERVIEW OF OUR MATERIAL MATTERS The materiality matrix below highlights the material matters that could impact our value creation efforts. Among the 20 material matters identified, eight are situated in the top-right quadrant, signifying their critical importance to both our stakeholders and our business. These significant material matters will be thoroughly addressed throughout this AIR, emphasising their significance in shaping our strategies and operations. MATERIAL MATTERS More information on How We Addressed Our Significant Material Matters can be found in the Sustainability Review on pages 78 to 84. Among the key changes were the addition of four new material matters, namely: Anti-Corruption & Anti-Bribery, Water Use, Economic Impact, and Smallholders. These new matters are deemed relevant to the current ESG agenda and align with peers and industry best practices. Additionally, we renamed six material matters to better suit their intended meaning and ensure alignment with evolving stakeholder expectations and industry standards. Based on the findings of the material assessment, Talent Development, Anti-Corruption & Anti-Bribery, and Business Development & Product Quality have emerged as critically important. Meanwhile, Operational Excellence, Corporate Governance & Risk Management, Traceability, Responsible Sourcing & Supply Chain Management, and Energy Management have shifted to medium importance, reflecting the evolving landscape and strategic priorities within FGV and the industry. MATERIALITY MATRIX Identified Material Matters Social Economic Environment New added material matter Importance to Stakeholders Medium Critical Importance to FGV Medium Critical Critical Importance LIST OF MATERIALITY MATTERS Medium Importance * Renamed Anti-Corruption & Anti-Bribery 1 1 Regulatory Compliance & Sustainability Certifications* 2 2 Business Development & Product Quality 3 3 6 8 4 5 7 Data Security & Protection 4 Corporate Governance & Risk Management* 5 Traceability, Responsible Sourcing & Supply Chain Management 6 Economic Impact 7 Operational Excellence 8 Upholding Human Rights & Labour Standards 1 1 Occupational Health & Safety 2 3 2 Talent Development* 3 Waste Management 1 1 Climate Change* 2 Biodiversity & Land Management 3 3 Soil, Pest & Disease Management 4 4 5 Water Use 5 Energy Management* 6 6 Smallholders 4 4 5 Diversity, Equity, Inclusion* 5 Community Development 6 6 2
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