Turning Strategy Into Outcomes ANNUAL INTEGRATED REPORT 2022 37 Material Matters HOW WE DEFINE OUR MATERIAL MATTERS HIGH PRIORITY Operational Excellence Improving of production yield and enhancing operations by leveraging innovation and research and development, as well as sustainable environmental and climate conscious policies and practices without compromising human rights & labour standards. Sustainability Certification Complying with recognised sustainability standards such as the Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria and Malaysian Sustainable Palm Oil (MSPO) Certification Scheme for purposes of certification and alignment of practices with the most widely accepted sustainability standards for the palm oil industry. Governance, Ethics & Integrity Practicing of good corporate governance and compliance with regulatory requirements. Occupational Health & Safety Initiatives to ensure a safe and healthy working environment for our workforce and external stakeholders such as suppliers, vendors and service providers. Traceability, Responsible Sourcing & Supply Chain Management Establishing of traceability system and procurement process to ensure responsible and sustainable practices in palm oil value chain. Upholding Human Rights & Labour Standards Respecting and protecting the rights of our workforce by ensuring fair treatment and upholding established international labour standards. Climate Action Initiatives to mitigate and adapt to the adverse impacts of climate change to business operations, and implementing best climate governance measures to ensure business continuity. MEDIUM PRIORITY Business Development & Product Quality Broadening and embedding market presence, penetrating new markets, diversifying revenue streams and reinforcing market positioning. Employee Engagement Giving employees a voice and soliciting their views to promote closer and tighter collaboration and reinforce a symbiotic and mutually beneficial relationship. Biodiversity & Land Management Conscious and responsible operations to preserve the sustainability of nature’s endowments, including active conservation of biodiversity and preservation of the natural habitat. Talent Management Creating and sustaining a high-performing workforce embedded with agility and flexibility to adapt, deliver and keep pace with changing workplace demands. LOW PRIORITY Waste Management* Managing of waste generated from operations and leveraging on circularity opportunities to repurpose waste materials for alternative effective use. Sustainable management of soil, water, pest and disease control to minimise negative impacts on the environment. Soil, Water, Pest & Disease Management Leveraging our capacity to do good for the betterment of our communities and society at large. Community Engagement & Development Keeping data secure at all times from all forms of intrusions to ensure business operations are shielded from harm and stakeholders’ trust is preserved. Data Security and Protection Renewable Energy & Energy Management* Sustainability conscious consumption and management of energy usage with specific attention to leveraging opportunities to generate and use clean energy. In FGV‘s Context and Application Material Matter
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