Our approach to value creation sets out the structured process through which we generate sustainable value for all stakeholders. Various factors that may influence our ability to achieve stakeholder objectives are carefully evaluated. Through a materiality assessment of our operating environment and stakeholder expectations, we recognise key risks and opportunities, enabling us to focus on the most vital factors that drive FGV’s value creation across the short, medium, and long-term. These priorities serve as strategic reference points, ensuring our reporting focuses on material issues that impact our ability to deliver sustained stakeholder value. Assess And Evaluate Our Operating Context Refer to pages 55-57 We assess global trends, market conditions, and regulatory changes that impact our operations. By understanding economic shifts, commodity price fluctuations, and geopolitical developments, we adapt our strategies to strengthen operational resilience and market competitiveness. Assessing Our Context Identify Risks and Opportunities Refer to pages 227-229 Effective risk management is critical to sustaining long-term value. We proactively identify risks and opportunities, to ensure business continuity, supply chain efficiency, and sustainable growth while delivering value to stakeholders. LR Legal & Regulatory Risk TR Trading Risk SR Sustainability Risk OR Operational Risk IT Information Technology Risk Stakeholder Engagement Relationship Refer to pages 36-47 With effective engagement strategies, we are able to prioritise what each of our key stakeholders, as well as the value FGV strives to achieve from each relationship in return. FGV Key Stakeholders Customers Suppliers Regulators & Government Board of Directors & Employees FELDA Settlers FELDA Field Workers Investors & Capital Providers Joint Venture & Business Partners Media Non-Governmental Organisations Identify and Prioritise Our Material Issues EMBEDDING ETHICAL ENVIRONMENTAL, SOCIAL, AND GOVERNANCE PRACTICES Sustainability is embedded in our operations, from responsible plantation management to renewable energy development and environmentally-friendly logistics solutions. 1 2 Material matters are key issues that may impact our ability to create value and execute our strategy over the short, medium, and long-term. We have identified 20 material issues, which play a critical role in shaping our strategy, enabling us to mitigate risks, and capitalise on emerging opportunities. Evaluate the Impact of Material Matters Refer to pages 49-54 EI Economic Impact BD Business Development and Product Quality TR Traceability, Responsible Sourcing and Supply Chain Management Economic Growth RE Regulatory Compliance and Sustainability Certifications DS Data Security and Protection CG Corporate Governance and Risk Management AC Anti-Corruption and Anti-Bribery Governance SM Smallholders TD Talent Development HL Human Rights and Labour Standards OH Occupational Health and Safety CD Community Development DI Diversity, Equity and Inclusion (DEI) Social OE Operational Excellence Innovation & Technology BL Biodiversity and Land Management CL Climate Action EN Energy Management SO Soil, Pest and Disease Management WM Waste Management WU Water Use Environment Our Integrated Approach to Value Creation 32 FGV Holdings Berhad | Annual Integrated Report 2024
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