FGV HOLDINGS BERHAD | ANNUAL INTEGRATED REPORT 2023 79 Adoption and integration of a holistic sustainability approach at the operational level Management of negative impacts throughout operations Building a culture that integrates sustainability principles into improving profitability and livelihood Commitment to zero-impact business operations through circularity (closed loop) Full ethical investment and sourcing SUSTAINABILITY REVIEW EXECUTING 2023 ‘REPURPOSE’ STRATEGIC PHASE In 2023, we progressed further into the Repurpose phase, focusing on ‘Taking The Leap’. This phase is pivotal in our strategy to embed sustainability into our business operations. During this period, we identified five key sustainability drivers and devised tailored initiatives for each, aimed at bolstering and advancing our sustainability agenda. MANAGING SUSTAINABILITY MATERIAL MATTERS At FGV, our approach to sustainability management revolves around prioritising material matters that are fundamental to our sustainability agenda. These priorities align closely with the three key pillars outlined in our Group Sustainability Policy (GSP). Through a comprehensive materiality assessment conducted in 2023, we identified eight signficant material matters that serve as the cornerstone of our sustainability disclosure in this Report. This underscores our commitment to transparency and accountability in sustainability practices. Signficant Material Matters Climate Change Waste Management • Energy Management • Soil, Pest & Disease Management • Water Use • Biodiversity & Land Management Protecting the Environment Upholding Human Rights & Labour Standards • Diversity, Equity, Inclusion Talent Development Occupational Health & Safety • Smallholders Respecting Human Rights • Operational Excellence • Traceability, Responsible Sourcing & Supply Chain Management Regulatory Compliance & Sustainability Certifications Business Development & Product Quality • Economic Impact • Corporate Governance & Risk Management Anti-Corruption & Anti-Bribery • Data Security & Protection • Community Development Promoting Economic Growth STRATEGIC DRIVERS INITIATIVES Sustainability Steering Committee (SSC) Sustainability Week Sustainability Champions Network (SCN) End-to-End Responsible Recruitment Programme Enhancement Engagement with Independent Smallholders Agriculture Waste-toWealth Initiative Transition to Low Carbon Economy Climate Action Initiatives Sun Bear Conservation Vendor Development Unit 1 2 3 4 5 More information can be found in the Sustainability Report 2022/2023.
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