As one of Malaysia’s largest agribusinesses, FGV plays a critical role in driving national economic prosperity. Our operations contribute significantly to Gross Domestic Product (GDP) growth, foreign exchange earnings, and food security, while supporting extensive supply chains that span plantations, manufacturing, logistics, and consumer products. The economic impact of our business extends beyond financial performance. We create employment opportunities, empower smallholders and stimulate local economies throughout our value chain. WHY IS IT IMPORTANT? WHAT IS OUR APPROACH? FGV’s economic impact strategy is driven by Business Plan 2024-2026 (BP26), which builds on our strengths while addressing gaps to enhance competitiveness, financial resilience, and market expansion. BP26 is structured around four key focus areas, namely: market strengthening and expansion, operational excellence, financial management and cost optimisation, as well as the integration of sustainability. This approach ensures that sustainability is woven into every aspect of our economic growth. In 2024, we have generated a direct economic value of RM22.42 billion, of which the distribution is as follows: WHAT VALUE WAS CREATED IN 2024? Disclosure 2023 2024 Direct economic value generated (RM billion) (Revenue and other income) 19.54 22.42 Economic value distributed Operational costs (RM billion) 16.28 18.68 Employee wages and benefits (RM billion) 2.03 2.25 Providers of Capital: Total dividend (RM million) 401.30 109.45 Providers of Capital: Finance costs and Non-controlling interest (RM million) 135.98 183.57 CSR related initiatives (RM million) 2.57 9.55 Tax expense (RM million) 224.00 242.04 Economic value retained (RM billion) 0.47 0.95 We will continue to drive economic growth by advancing our BP26, which focuses on fostering sustainable development, generating employment, and uplifting communities. As a key contributor to Malaysia’s agribusiness sector, we will continue to strengthen local economies through strategic investments and operational excellence. To stay ahead in an evolving market, we will make annual strategic adjustments, ensuring agility, competitiveness, and innovation. WHAT IS OUR OUTLOOK? 123 Sec 05 DRIVING VALUE THROUGH BUSINESS GROWTH (SUSTAINABILITY REVIEW) Economic Growth Economic Impact
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