Material matters are fundamental in understanding FGV’s ability to create value across the short, medium, and long-term. As an agribusiness company based in Malaysia, with operations in seven countries, addressing these key material matters is vital in sustaining our resilience and capabilities. The 2024 material matters reflect insights from the 2023 materiality assessment, conducted biennially to balance timely responsiveness with sufficient time to implement and respond to key findings. MATERIALITY PROCESS In 2023, we conducted a thorough materiality assessment guided by our Enterprise Risk Management framework and aligned with leading global standards, including Sustainability Reporting Guide (3rd Edition) 2022 by Bursa Malaysia Securities Berhad (Bursa Securities), the Global Reporting Initiative (GRI) Standards 2021, and the Sustainability Accounting Standards Board (SASB). This assessment, conducted with the support of an independent consultant, engaged stakeholders across our value chain to evaluate and prioritise issues most critical to our business. Through this exercise, we identified 20 material matters that reflect evolving stakeholder expectations and industry dynamics, ensuring FGV remains responsive to emerging risks and opportunities. IDENTIFY We analysed our operating context and business scope within the agriculture industry, incorporating insights from plantation peers to align with industry best practices and address our most significant impacts. 1 VALIDATE We presented the updated materiality matrix to Senior Management and Board Committees for review and formal validation. 4 ENGAGE We engaged internal and external stakeholders through an online survey to evaluate and rank the identified material matters based on their impacts on FGV and its key stakeholders. 2 PRIORITISE We consolidated and assessed the stakeholder feedback to prioritise the material matters most critical to our business and longterm value creation. 3 MATERIALITY MATRIX The results of our materiality assessment are presented in the Materiality Matrix below, which ranks issues based on their significance to both stakeholders and FGV. The matrix ranks these matters on a scale from Moderate to Critical Importance, with matters marked in the orange-shaded area representing the most significant matters, aligned with current sustainability challenges and opportunities. By focusing on these material matters, FGV strengthens its ability to address stakeholder concerns, mitigate risks, and seize opportunities to drive sustainable growth. Sustainability Pillars Economic Growth Governance Social Environment Innovation & Technology MATERIALITY MATRIX Importance to Stakeholders Importance to FGV Critical Critical Medium Medium RE DI CD HL TD OH BL SO CL WM EN DS OE CG WU AC SM BD TR EI 49 COMMITMENT TO STAKEHOLDER VALUE CREATION Sec 04 Material Matters
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