SETTING THE STANDARDS SEC 1 4 MATERIALITY In 2023, with the assistance of an independent consultant, we conducted a Materiality Assessment, engaging both internal and external stakeholders to gather insights on the Group’s Material Matters. This process included a review of our previous Material Matters in determining factors impacting our value delivery. This AIR was prepared based on the determination of our Material Matters. It offers a fair, accurate, and comprehensive overview of our strategy, performance, and prospects, that takes into account the Material Matters that influence our ability to create and preserve value across the ESG aspects of our business. In developing this Report, we considered both qualitative and quantitative factors that could impact our strategic objectives and the sustainability of our business. This includes issues discussed in reports to our Board of Directors, identified risks, and the interests of our stakeholders. BASIS OF THIS REPORT More information can be found in Material Matters on pages 32 to 33. REPORTING INTEGRITY We have taken rigorous measures to ensure the accuracy, consistency, and comprehensiveness of the information presented to maintain the Report’s integrity. The reviewing process of this Report is overseen by the Reporting Committee to ensure alignment with the International Integrated Reporting Council Framework and to ensure a fair representation of FGV’s performance and operations. The Report was also reviewed by the Audit Committee and submitted to the Board for final approval together with the Audited Financial Statements, in accordance with our stringent governance practices. Our external auditors conducted an assurance review of our Audited Financial Statements and provided a limited assurance review of our Statement on Risk Management and Internal Control. In compliance with the new requirement by Bursa Securities, we have undergone an Independent Limited Assurance process conducted by an independent party on the selected sustainability information disclosed in our Sustainability Report 2022/2023, which we aim to improve upon progressively. The Independent Limited Assurance Report is available within the Sustainability Report 2022/2023. FORWARD-LOOKING STATEMENTS In this AIR, we include forward-looking statements about our Group’s plans, objectives, strategies, future operations, and performance. However, these statements should not be considered as guarantees of future operating, financial or other results as we remain subject to risks, uncertainties, and assumptions. The Group makes no express or implied representation or warranty that the results targeted by these forward-looking statements will be achieved. Actual results and outcomes may significantly differ from forward-looking statements, whether expressed or implied. We are under no obligation to update these forward-looking statements or the historical information included in this AIR. OPPORTUNITIES FOR FEEDBACK We understand that enhancing our reporting disclosures and standards requires ongoing engagement with our stakeholders throughout the year. This engagement is crucial not only for building trust but also for improving our strategy’s effectiveness. It allows us to make timely and relevant disclosures in response to new developments in our operating environment. In line with this commitment, we welcome feedback and inquiries about our reporting from our stakeholders and the public. For any questions or comments, please contact our Investor Relations Department at: 03-2789 0000 fgv.investors@fgvholdings.com NAVIGATING THIS REPORT All icons featured here are Navigation Icons that will be consistently featured within our Report as a guide towards better integration and presentation of information. SIX CAPITALS Natural Intellectual Social & Relationship Financial Manufactured Human TOP RISKS Market Risk Trading Risk Cyber Security Risk Sustainability Risk Climate Risk Labour Risk Sugar Risk MATERIAL MATTERS STRATEGIC THRUSTS Climate Change Waste Management Anti-Corruption & Anti-Bribery Upholding Human Rights & Labour Standards Occupational Health & Safety Talent Development Regulatory Compliance & Sustainability Certifications Business Development & Product Quality Environment Economic Social New Growth Areas Financial & Capability Building Product & Market Penetration Operational Improvement NAVIGATION ICON
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