FGV Annual Integrated Report 2024

SUSTAINABILITY PILLARS Economic Growth • Economic Impact • Business Development and Product Quality • Traceability, Responsible Sourcing and Supply Chain Governance • Regulatory Compliance and Sustainability Certifications • Data Security and Protection • Corporate Governance and Risk Management • Anti-Corruption and Anti-Bribery Social • Community Development • Diversity, Equity and Inclusion (DEI) • Talent Development • Human Rights and Labour Standards • Occupational Health and Safety • Smallholders Environment • Biodiversity and Land Management • Climate Action • Energy Management • Soil, Pest, and Disease Management • Waste Management • Water Use Innovation & Technology • Operational Excellence ...VALUE FOR OUR STAKEHOLDERS... OUTCOMES FINANCIAL • Revenue: RM22,157.53 million • PATAMI: RM276.25 million • Dividend per Share: 5.0 sen NATURAL • FFB Production: 3.97 million MT • FFB Yield: 15.56 MT per Ha • Average Oil Palm Age Profile: 12.73 years MANUFACTURED • FFB Processed: 14.18 million MT • CPO Production: 2.92 million MT • Oil Extraction Rate: 20.61% • Edible Oils Sales Volume: 0.42 million MT • Biodiesel Sales Volume: 84,000 MT • Oleochemical Sales Volume: 311 million lbs • Total Sugar Sales Volume: 1.09 million MT • FGV launched a total of 23 SKU INTELLECTUAL • Awarded a project to develop, implement, and maintain MyInvois system for LHDN • Implemented SAP S/4HANA and migrated operational data to cloud platforms, enhancing real-time decision-making, and improving operational visibility HUMAN • Training Hours*: 224,389 hours • Number of Workers Trained on Health, and Safety Standards*: 45,310 workers * This data excludes FGV’s overseas employees. SOCIAL & RELATIONSHIP • Invested RM126.73 million in improving infrastructure and sustainability initiatives for migrant workers • Reimbursed RM5.54 million in recruitment fees to 1,164 former migrant workers • Launched ‘Projek Rintis: Plantation Technician (Harvesting Specialist)’, a structured programme to train 60 local youth ACTIONS TO ENHANCE OUTCOMES STAKEHOLDERS TRADE-OFFS UN SDGs • Deliver sustainable returns while ensuring strong financial stewardship to support long-term growth Allocating financial resources to strategic investments ensures effective utilisation of other capitals, though this may limit immediate liquidity. • Develop a skilled, resilient workforce by fostering continuous learning and well-being Developing a highly skilled and resilient workforce through training, well-being initiatives, and continuous learning strengthens long-term business sustainability. • Optimise resources, integrate sustainability, and drive responsible growth Investing in sustainability initiatives, such as optimising resource use, normalising palm tree age distribution, and implementing responsible land management, strengthens long-term operational resilience. • Maximise value chain synergies to enhance operational performance and investment returns Investing in manufacturing improvements, such as upgrading mills and refineries, enhances operational performance and enables business expansion. However, this requires reallocation of intellectual and financial capital, which may impact other strategic initiatives and necessitate careful financial planning to manage business cycle fluctuations. • Strengthen market position through advanced agriculture, innovation, and sustainability efforts Investing in intellectual capital enhances agricultural efficiency, product innovation, and sustainability. These improvements drive long-term competitiveness but may require significant financial resources, affecting shortterm profitability. • Commit to responsible labour practices and drive socioeconomic progress in our communities Building strong relationships with stakeholders, including employees, suppliers, regulators, and local communities, fosters a supportive ecosystem for sustainable growth. This engagement requires financial and human resource investments, which may impact short-term profitability but are crucial for long-term stability and trust-building. artnership P espect R ntegrity I ynamism D nthusiasm E Values 35 Sec 04 COMMITMENT TO STAKEHOLDER VALUE CREATION

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