• Company website and social media updates • External surveys and feedback • Site visits and inspections • Company events and activities such as roundtables and gatherings • Meetings, engagements, and dialogues AR AR Q Y Y Frequency As Required AR Quarterly Q Weekly W Twice Yearly T Monthly M Yearly Y Every Two Months E We engage with suppliers as key contributors to our value chain, providing the feedstock and materials essential for producing goods and services. Their reliability and sustainability practices directly impact our operational efficiency and product quality. • E stablish long-term partnerships with key suppliers to strengthen supply chains and ensure consistent product delivery. • E nhance supplier training and capacitybuilding programmes to improve compliance and supply chain resilience. • I mplement strict quality assurance measures to ensure product consistency and enhance customer trust. • S upply chain disruptions leading to delays, increased costs, and loss of customer confidence. • R egulatory changes potentially resulting in non-compliance, legal penalties, and operational adjustments. • Q uality control failures affecting product consistency, customer satisfaction, and brand reputation. • F air and transparent procurement practices ensuring timely payments and equitable treatment. • Capacity-building programmes aimed at strengthening supplier skills, enhancing productivity, and ensuring compliance with sustainability standards. • Long-term partnerships providing consistent business opportunities and fostering growth. • Strengthened supply chain reliability through collaborative, trust-based relationships. • Increased cost savings through improved supplier efficiency and streamlined operations. • Secured access to high-quality materials and services, ensuring superior end products. Why We Engage Key Concerns Raised Opportunities Value Created for Stakeholders Value for FGV Risks Channel & Frequency of Engagement Responses • Difficulties in achieving product traceability and responsible resource sourcing. • Risks of supply chain disruption and market volatility. • Challenges in meeting global and regulatory sustainability requirements. • Improve procurement processes to uphold responsible and sustainable business practices. • Implement robust supplier management and support systems for pre-and post-engagement. • Provide supplier development programmes focused on sustainability compliance. Suppliers Capitals: Material Matters: SDGs: BD RE DI TD 37 COMMITMENT TO STAKEHOLDER VALUE CREATION Sec 04
RkJQdWJsaXNoZXIy NDgzMzc=