We Remain An Established Business ANNUAL INTEGRATED REPORT 2022 13 Our Approach to Sustainability SUSTAINABILITY GOVERNANCE The Board has oversight of sustainability-related matters and leads the Group’s sustainability direction. Supported by the Board Sustainability Committee, which receives reports from the Group Management Committee, the Board ensures strategic development and execution of the Group Sustainability Policy (GSP), and is responsible for the approval of the Group’s sustainability disclosures. TAKING THE LEAP 2023 - REPURPOSE The GSP, which was first introduced in 2016, embodies commitment to contribute to the achievement of the United Nations Sustainable Development Goals (SDGs) by having positive impacts on the economy, environment and people. The GSP is reviewed and refreshed periodically to align with the latest sustainability-related legislation and standards and stakeholder demands, as well as ESG indices. In 2020, we introduced an enhanced GSP 4.0 as an updated policy to emphasise on the Company’s ongoing commitment to sustainability. Comprising three pillars, namely Promoting Economic Growth, Respecting Human Rights and Protecting the Environment, the GSP serves as an overarching framework for FGV’s sustainability agenda. It is applicable to all our portfolios and entities, including our listed and non-listed subsidiaries worldwide, in which FGV has management control. This includes contractors, consultants, suppliers and all other third parties, who work for them. BRIDGING AT PEAK 2024 - REDESIGN • Adoption and integration of a holistic sustainability approach at the operational level • Management of negative impacts throughout operations • Building a culture that integrates sustainability principles into improving profitability and livelihood • Commitment to zero-impact business operations through circularity (closed-loop) • Full ethical investment and sourcing • Redesign processes and products to close the loop • Full and continuous compliance with sustainability regulations and standards at national and global levels • Continuous engagement and materiality assessment • Continuous improvement on policies and internal standards • Branding of FGV as a sustainability-based commerce WHICH ARE SUPPORTED BY OUR SUSTAINABILITY POLICIES OUR SUSTAINABILITY STRATEGIES More information on FGV’s Sustainability Governance can be found in the Corporate Governance Overview Statement on pages 126 to 160. GROUP SUSTAINABILITY POLICY • Enhancing livelihood • Profitability and efficient use of resources • Obligation of value chain partners • Equality and non-discrimination • Upholding labour standards • Respecting rights of indigenous peoples and local communities • Health and safety • Preventing harassment and abuse • Efficient use of natural resources • Managing environmental impacts • No deforestation and planting on peat • Protect high biodiversity value and high conservation value areas • Limitations on the use of hazardous chemicals and agrochemicals • No open burning/use of fire • Water and waste management • Addressing climate change Protecting the Environment Promoting Economic Growth Respecting Human Rights
RkJQdWJsaXNoZXIy NDgzMzc=