Value Creation Is The Bedrock Of Our Business 98 FGV HOLDINGS BERHAD Sustainability Review SPOTT RANKING PILLAR 3: PROTECTING THE ENVIRONMENT GOING FORWARD We understand that climate change is an urgent global crisis that requires a concerted effort from all stakeholders. As one of the leading corporate organisations in the country, we aim to step up climate action to mitigate the impacts of climate change and create a more sustainable future for all. We will continue to take internal action as well as work closely with external stakeholders to reduce our carbon footprint. We will also continue to educate our stakeholders and increase awareness on climate change to promote behavioural change and inculcate sustainable practices. 2020 2021 2022 69.9 74.2 71.6 SPOTT Assessment Score (%) FGV’s Sustainable Palm Oil Transparency Toolkit (SPOTT) assessment has shown an increase in scores over the previous years in comparison with other rated oil palm plantation companies. However, the score dropped by 2.6% in 2022 to 71.6% as compared to 74.2% achieved in the prior year, mainly due to the introduction of four new indicators and more stringent and enhanced requirements with different weightage used. The major contributors to the lower score in the 2022 assessment were: • The absence of traceability information from third-party mills supplying to FGV. • Inadequate programmes for independent smallholders and outgrowers. • The absence of external verification by a third party in all aspects of reporting and disclosure. FGV is committed to sustainable and responsible practices, and we strive to continuously improve our performance in environmental and social areas. We are currently identifying the gaps and developing action plans to improve our future scores. Through our actions and transparency, we aim to enhance the sustainability of operations and contribute to a more sustainable future for all. Our commitment to sustainability drives us to continuously enhance our environmental and social performance through responsible practices.
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