Further information on the composition of the BSC in 2024, including members’ names, designations, number of meetings, and attendance, can be found on page 193. Additionally, details about the identified Senior Management responsible for strategically and operationally managing sustainability can be found on page 177. Further information regarding the BSC’s ToR is available on our website, www.fgvholdings.com. This Report should be read together with the CG Report 2024, also accessible on our website. SUMMARY OF WORK In 2024, the BSC reviewed and considered the following key matters in fulfilling its responsibilities: Corporate Governance Overview Statement PRINCIPLE A SUSTAINABILITY GOVERNANCE • Outcome of Sustainability Assurance and Materiality. • Sustainability Framework. • Sustainability Statement for FGV Holdings Berhad’s 2023 Annual Integrated Report (AIR 2023). • Group Health, Safety, and Environment Strategic Plan 2024. • Update on Steps to Address the Withhold Release Order (WRO) by The United States Customs and Border Protection (CBP) and Supplementary Submission to CBP. • Policy for the Gender Diversity in Top and Key Management. • First Phase of The EU Deforestation-Free Regulation (EUDR) Compliance for the European Market. • Update on the Plantation Transformation Plan. • Assessment of Soil Acidity Levels Across FGV Plantation Estates. SUSTAINABILITY CERTIFICATION • FGV’s Score in the Sustainability Policy Transparency Toolkit (SPOTT) for 2022 (2023 Assessment). • Update on the Sustainability-Related Certification Programme and Revenues Obtained from Certified Products. ENVIRONMENT AND SOCIAL PROGRAMME • Update on Gender Equality and Women Empowerment (GEWE) Committee Activities and Programme of Work. • Overview of FGV’s Renewable Energy Presence and Initiatives. • Update on Climate Action Initiatives. • Update on FGV’s Biodiversity Initiatives. • Finding from the Gap Analysis of FELDA’s Sustainability Practices. • Group Health, Safety, and Environment. • Supporting the Borneo Sun Bear Conservation Centre (BSBCC). 210 FGV Holdings Berhad | Annual Integrated Report 2024
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