We uphold the accuracy, consistency, and transparency of this report through rigorous oversight. The Reporting Committee ensures alignment with the Integrated Reporting Framework, while the Audit Committee and the Board review and approve this report together with the AFS. Our AFS underwent a comprehensive assurance review, and the Statement on Risk Management and Internal Control was subject to a limited assurance review by appointed external auditors. As part of our ongoing commitment to transparency and accountability, an independent third party conducted a limited assurance on selected sustainability indicators for 2024. This was performed in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial Information, as detailed on page 252 to 255 of this report. REPORTING INTEGRITY & ASSURANCE This AIR contains forward-looking statements relating to our plans, strategies, and performance expectations. These statements are subject to risks, uncertainties, and assumptions, and do not guarantee future results. Actual outcomes may differ materially from those projected. FGV makes no representation or warranty regarding the achievement of any targeted results and assumes no obligation to update these statements or any historical information. FORWARD-LOOKING STATEMENTS Tan Sri Rastam Mohd Isa Chairman FGV Holdings Berhad Fakhrunniam Othman Group Chief Executive Officer FGV Holdings Berhad The Board of Directors of FGV is responsible for ensuring the integrity and accuracy of FGV’s AIR 2024. To the best of our knowledge, this report provides a comprehensive overview of the material issues relevant to our business and stakeholders, offering a balanced and fair assessment of FGV’s financial and non-financial performance for the reporting period. STATEMENT FROM THE BOARD OF DIRECTORS HOW TO READ THIS REPORT This report features the following icons to highlight the linkages between key elements of our business. STRATEGIC THRUST Financial & Capability Building Product & Market Penetration Operational Improvement New Growth Areas STAKEHOLDERS FELDA Customers FELDA Settlers Field Workers Non-Governmental Organisations Regulators & Government Joint Venture & Business Partners Suppliers Investors & Capital Providers Board of Directors and Employees Media Online Access – This icon indicates that additional information is available on our website. Please visit the provided link for further details. In This Report – This icon directs you to the relevant sections of the report, where you can find more details on the topic. The materiality reporting is shaped by key matters of interest to our stakeholders, ensuring relevance and transparency. These considerations play a crucial role in driving value creation by addressing both current and emerging risks and opportunities. They are identified through stakeholder engagement and internal assessments, reflecting factors that influence FGV’s long-term growth and sustainability. MATERIALITY & MATERIAL MATTERS Further information can be found in Material Matters on pages 49 to 54. CAPITALS Financial Capital Intellectual Capital Natural Capital Human Capital Manufactured Capital Social & Relationship Capital KEY RISKS IT Information Technology Risk TR Trading Risk SR Sustainability Risk OR Operational Risk LR Legal & Regulatory Risk MATERIAL MATTERS BD Business Development and Product Quality TR Traceability, Responsible Sourcing and Supply Chain Management EI Economic Impact Economics Growth AC Anti-Corruption and Anti-Bribery RE Regulatory Compliance and Sustainability Certifications DS Data Security and Protection CG Corporate Governance and Risk Management Governance CD Community Development DI Diversity, Equity and Inclusion (DEI) TD Talent Development SM Smallholders HL Human Rights and Labour Standards OH Occupational Health and Safety Social BL Biodiversity and Land Management CL Climate Action EN Energy Management SO Soil, Pest and Disease Management WM Waste Management WU Water Use Environment OE Operational Excellence Innovation & Technology
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