FGV remains steadfast in our zero-tolerance stance against bribery, corruption and unethical practices. We are committed to embedding a culture of integrity and advocating for stronger governance within the industry. WHAT IS OUR OUTLOOK? To measure the effectiveness of our integrity initiatives, we track key performance indicators related to organisational governance and ethical standards. The Integrity Assessment Tool (IAT), conducted by the Malaysian Institute of Integrity, serves a a benchmark for evaluating improvements in integrity management and compliance across the organisation. In 2024, FGV received the score of 83.97%, which is an improvement from 81.23% in 2021. We secured the second highest average score among participating government-linked companies and ranked third overall among all participating companies. This demonstrated our strong performance across various industries. The IAT is conducted every two year, hence no assessment was conducted in 2022 and 2023. PERFORMANCE OUTCOMES 3. Driving Ethical Leadership and Governance Integrity Day served as a capstone event, reinforcing key governance principles and providing leadership-driven insights on ethical business practices. Organised in collaboration with Transparency International Malaysia (TI-M), the event focused on managing conflicts of interest, related party transactions, and corporate accountability. The event brought together senior management, employees, business partners, and TI-M corporate members, featuring a keynote lecture by Tan Sri Hj Abu Kassim, Chairman of the Perdana International Anti-Corruption Foundation, followed by a discussion on conflict of interest and strengthening corporate governance. 4. Managing Corruption and Misconduct Risks We continued to uphold integrity by ensuring transparency and accountability in handling corruption and misconduct cases reported through our Whistleblowing channel. 2023 2024 Number and percentage of operations assessed for corruption-related risks 34 out of 36 (94%) 38 out of 41 (93%) • Escalation to Authorities: Seven cases were referred to external agencies, including MACC, Royal Malaysia Police (PDRM), and the Immigration Department, for further investigation and potential legal action. These referrals reinforce our approach to transparency and compliance with regulatory standards. • Internal Disciplinary Measures: Four cases resulted in internal actions, which ranged from formal warnings to dismissal, depending on the severity of the misconduct. These measures uphold our ethical standards and reinforce accountability within the organisation. 2023 2024 Confirmed corruption incidents and action taken 38 4A A The data has been externally assured. Please refer to the Independent Limited Assurance Report on pages 252 to 255 of this report. The significant decrease in the confirmed incidents, from 38 in 2023 to 4 in 2024, is largely attributable to the fact that completed cases in 2024 are pending formal deliberation by the BGRMC (Whistleblowing). This is due to the late formation of BGRMC. 133 Sec 05 DRIVING VALUE THROUGH BUSINESS GROWTH (SUSTAINABILITY REVIEW)
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