Social Community Development As a leading agribusiness player, FGV is committed to driving positive socio-economic impact within the communities we serve. Recognising our pivotal role, we actively create economic opportunities, enhance infrastructure, and support long-term development. We cultivate strong, reciprocal engagement with these stakeholders as it builds trust and strengthens relationships, ensuring that our operations lead to mutual prosperity. WHY IS IT IMPORTANT? Our commitment extends beyond our core business activities. We strategically invest in vital community pillars, including education, healthcare and the development of local enterprises. These investments aim to ensure adequate living standards and foster community resilience in the face of evolving challenges. By engaging in proactive, transparent dialogues and addressing stakeholders’ concerns, we cultivate a stable, collaborative environment that supports shared growth and long-term sustainable progress. Our community development initiatives are also guided by our Group Sustainability Policy, Corporate Responsibility Policy and Corporate Branding and Communications Policy, ensuring that our contributions align with our corporate values and sustainability commitments. Managing Land Disputes and Social-Environmental Risks As a large-scale agribusiness, FGV operates in areas where land tenure, resource use, and environmental risks intersect with local communities. A structured approach is essential to resolving land disputes fairly, minimising environmental impacts, and maintaining strong stakeholder relationships. Recognising the importance of early engagement, FGV implemented a phased stakeholder engagement initiative to strengthen dialogue with key stakeholders. This included consultations, grievance discussions, and impact assessments to better understand social and environmental concerns. Social Impact Assessments (SIAs) were one of the tools used to provide insights that inform dispute resolution and risk prevention strategies. While effective dispute resolution is critical, our long-term approach focuses on preventing such conflicts from arising in the first place. This includes investments in community development and proactive environmental risk management. WHAT IS OUR APPROACH? WHAT VALUE WAS CREATED IN 2024? We recognise our position as a corporation that benefits from our surrounding communities, and we aim to do the same for those in need of more care and support. In 2024, the total amount invested in the community where the target is external to the listed issuer is RM3,431,594 and the total beneficiaries of these investments is 42,819. As we move forward, we aim to broaden our efforts to address significant social and economic challenges. Our focus will shift towards promoting social mobility and reducing poverty, ensuring that underserved communities have access to better opportunities. This will involve enhancing vocational training, launching entrepreneurship programmes, and developing youth initiatives in collaboration with local organisations, government agencies, and corporate partners. By concentrating on education, economic empowerment, and building resilient support systems, we strive to create thriving, self-sustaining communities for future generations. WHAT IS OUR OUTLOOK? Total amount invested in the community where the target is external to the listed issuer: 2023: RM1,553,040 2024A: RM3,431,594 Total beneficiaries of these investments: 2023: 17,328 2024A: 42,819 A The data has been externally assured. Please refer to the Independent Limited Assurance Report on pages 252 to 255 of this report. 134 FGV Holdings Berhad | Annual Integrated Report 2024
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