OUTLOOK As we look to the future, I am confident in FGV’s ability to navigate the evolving landscape with clarity and determination. While the global market faces fluctuations in commodity prices, regulatory scrutiny, and shifting consumer preferences, our strategic approach ensures we are prepared to address these complexities and deliver meaningful value. Climate unpredictability, trade restrictions, and rising sustainability expectations reinforce the need for operational efficiency and sustainable growth. In the short-term, we will focus on enhancing productivity and operational efficiency through mechanisation, while actively increasing market penetration and capturing a larger share of the domestic market. In the long-term, we aim to diversify our portfolio with high-value FMCG products and expand into international markets to drive sustainable growth. Our strategy remains both focused and agile, leveraging advanced technologies like AI and the Internet of Things (IoT) to optimise operations and anticipate market shifts. Strategic partnerships will strengthen market access and align with global sustainability standards. Beyond business priorities, we remain committed to uplifting communities, empowering smallholders, and supporting nation-building. A NOTE OF APPRECIATION Success is never achieved in isolation; it is the result of collaboration and dedication from all involved. I extend my deepest gratitude to my predecessor, Dato’ Mohd Nazrul Izam Mansor, for his transformative leadership and vision during a pivotal period for FGV. My heartfelt thanks also go to the Board of Directors for entrusting me with this responsibility and inspiring me to work towards our shared vision for the company. We also appreciate FELDA’s invaluable guidance and steadfast partnership, which strengthen our efforts to drive progress, create shared value, and achieve sustainable growth. Finally, I thank other stakeholders including Warga FGV, FELDA settlers, independent smallholders, customers, suppliers, government agencies, and regulators for their trust and collaboration. I look forward to another year of progress as we build a stronger, more sustainable FGV together. Fakhrunniam Othman Group Chief Executive Officer we continued optimising oil palm by-products to generate electricity for the national grid. We also began integrating solar energy into our operations and aim to expand renewable energy contributions in our business. Recognising the role of sustainable logistics in decarbonisation, FGV transitioned its logistics operations to cleaner fuels, improving fuel efficiency and reducing emissions. Several initiatives are in place to further strengthen our commitment to sustainable transport solutions. Building on this progress, in December 2024, we set near-term and long-term GHG reduction targets and submitted them to the Science Based Targets initiative (SBTi) for acknowledgment and validation. This milestone reflects our dedication to aligning with global climate goals, providing a clear framework for reducing emissions across our operations and supply chain. Additionally, we completed data collection for Scope 1, 2, and 3 emissions across all operations, establishing a baseline for targeted reductions and supporting our commitment to net-zero emissions by 2050. Strong governance remains the foundation of our sustainability strategy, ensuring transparency, accountability, and ethical business practices. Our compliance with the EUDR and the ongoing work of our Palm Traceability Task Force (PTTF) reinforce our commitment to ethical supply chain management. As one of the first Malaysian plantation companies to produce CPKO in accordance with EUDR requirements, we continue to strengthen our position in sustainable practices while building trust with stakeholders, investors, and international markets. BUILDING FUTURE LEADERS FGV’s achievements in 2024 stem from the dedication, perseverance, and commitment of Warga FGV, whose collaborative efforts drive the company forward. We foster a culture where challenges are embraced as opportunities, encouraging our workforce to act decisively and innovate with purpose. These principles are deeply rooted in our PRIDE values—Partnership, Respect, Integrity, Dynamism, and Enthusiasm, which guide our actions and decisions in shaping a sustainable and high-performing organisation. In 2024, we introduced key initiatives to future-proof our workforce by enhancing leadership development, prioritising upskilling, and integrating digital tools for knowledge transfer. This included specialised training for emerging leaders, mentorship programmes, and partnerships with educational institutions to equip Warga FGV with industry-relevant skills. By fostering a solution-driven mindset, adaptability, and accountability, we are equipping our people to meet challenges head-on and deliver meaningful contributions that drive organisational success. 31 INSIGHTS FROM OUR LEADERS Sec 03
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