25 ANNUAL INTEGRATED REPORT 2021 ADDITIONAL INFORMATION HOW WE ARE GOVERNED REINFORCING SUSTAINABILITY MATERIALITY MATRIX Our Materiality Matrix shows the 16 material matters identified through the three-part assessment process. In line with our holistic approach, we have grouped the material matters according to the EES pillars with Sustainability Certification overarching the three pillars. The significant issues that could impact our ability to create value are presented in the Materiality Matrix. The matters in the top-right quadrant are considered as the High Priority group to our stakeholders and business, and as such will be focused on throughout this Report. S igni f i cance of FGV’s Impact Impor tance to Stakeholder High Low High Upholding Human Rights & Labour Standards Sustainability Certification Governance, Ethics & Integrity Employee Engagement Traceability, Responsible Sourcing & Supply Chain Management Climate Action Operational Excellence Biodiversity & Land Management Waste Management Soil, Water, Pest & Disease Management Talent Management Renewable Energy & Energy Management Community Engagement & Development Data Security & Protection Business Development & Product Quality Occupational Health & Safety KEY OBSERVATIONS For FY2021, the 16 material matters identified were somewhat similar to the previous year’s list. However, slight changes were made to the title of material matters to provide a clearer scope that covers each matter. The top-right quadrant of the Materiality Matrix illustrated the seven High Priority matters for FGV during the year under review. Among the key changes between FY2021 and FY2020 was the addition of Climate Action in the High Priority group as it has become one of the pressing issues debated around the world. In addressing this concern and emphasising our commitment to reduce climate emission, FGV became the first food and agribusiness organisation in Malaysia to formalise the commitment by signing the United Nations (UN)-backed Science-Based Target initiative (SBTi) Business Ambition for 1.5°C pledge. This is also in line with the Government’s goal of becoming a carbon-neutral nation by 2050. Please refer to our Sustainability Report for more details. Material Matters identified in FY2021 Low Priority 1 Waste Management 2 Soil, Water, Pest & Disease Management 3 Community Engagement & Development 4 Data Security & Protection 5 Renewable Energy & Energy Management Medium Priority 1 Business Development & Product Quality 2 Employee Engagement 3 Biodiversity & Land Management 4 Talent Management High Priority 1 Upholding Human Rights & Labour Standards 2 Operational Excellence 3 Sustainability Certification 4 Governance, Ethics & Integrity 5 Occupational Health & Safety 6 Climate Action 7 Traceability, Responsible Sourcing & Supply Chain Management Economic Environmental Social Overarching Scan here to view our Sustainability Report
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