2 FGV HOLDINGS BERHAD MANAGEMENT DISCUSSION & ANALYSIS VALUE CREATION ABOUT FGV REPORTING SCOPE AND BOUNDARIES DETERMINING OUR MATERIAL MATTERS About this Report This Report contains information on the value-creating activities that are material to the Group. Hence, the Report has been confined to the developments throughout 2021 from 1 January 2021 to 31 December 2021 (FY2021). Unless otherwise stated, it covers all of FGV’s businesses in Malaysia and the other countries we operate in. This includes operations in which we have full control of subsidiaries and joint ventures. We also report on other developments or information that may transcend our reporting boundaries but are considered highly material to the Group’s performance. As in previous years, the Report provides information in a comparative format for easy referencing and review. Throughout this Report, we have also embedded our sustainability disclosures to demonstrate howwe support value creation and how important sustainability is to the Group. Furthermore, this Report includes all risks and opportunities material to our sustainability but does not estimate or forecast future impacts of our sustainability-related material matters. We prepared this Report based on the determination of our FY2021 material matters to ensure we provide a fair, accurate and comprehensive account of our strategy, performance and prospects. It also takes into account our response to the material matters in the economic, environmental, social and governance aspects of our business. During the year in review, we conducted a Materiality Assessment with the support of an independent consultant, engaging internal and external stakeholders to gain their views on our Group’s material matters. This process involved a review of our Materiality Matrix to determine the factors impacting our delivery of value in FY2021. Following this, we developed the content of the AIR by taking into account qualitative and quantitative considerations as well as factors that may affect our ability to achieve our strategic objectives and maintain the sustainability of our business. We also considered the issues discussed in reports presented to the Board, reported risks and our stakeholders’ interests. Additionally, we factored in the material impacts of the countries and regions where we operate. FGV’s 7th Annual Integrated Report covers performance for the year ended 31 December 2021. This Report adheres to the principles of integrated reporting as established by the International Integrated Reporting Council. Going forward, we will stay guided by the evolving reporting requirements to achieve a more coherent corporate reporting system in tandem with global reporting standards. By continuously enhancing our reporting disclosures, we target to help businesses and investors develop a shared understanding of how the value of FGV Holdings Berhad (FGV) is created, preserved and shared among our stakeholders. This approach clearly articulates the current market infrastructure needed to develop, manage and communicate a strategy that creates long-term value and drives higher performance. To produce this Annual Integrated Report (AIR), we adhered to Malaysia’s reporting requirements, including the Malaysian Code on Corporate Governance 2021 and the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. In addition, we continue to strive towards Global Reporting Initiative Standards benchmarks on sustainability reporting. Annual Integrated Report 2021 Audited Financial Statements 2021 Sustainability Report 2020/2021 For a more complete understanding, this Report should be read together with the Reporting Suite above, as well as other information made available on our website at www.fgvholdings.com. 2021 REPORTING SUITE
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