Turning Strategy Into Outcomes ANNUAL INTEGRATED REPORT 2022 47 Linking Material Matters to Risks and Strategy Link to Strategic Thrusts Capitals Impacted • Establish one-stop centres in Malaysia, India and Indonesia to strengthen our recruitment of migrant workers. • Conduct due diligence on the appointment of recruitment agencies through a pre-sourcing mechanism to evaluate the agencies’ commitment to labour and human rights. • Continue to monitor FGV’s operations to address any risk of forced labour practices through the grievance and whistleblowing mechanisms. • Replication of model estates, mills and rubber factories that promote 5S practices among our workforce at the operations. • Employed Lean Six Sigma which provides a comprehensive approach to process improvement. • Improve the collection process and ensure plants and mills are managed efficiently • Hedges on forward sales and purchases of raw materials to mitigate price risk exposures. Natural Manufactured • Engagement and collaboration with key stakeholders to address issues related to sustainability. • Enforce and monitor supplier compliance following the Group Sustainability Policy requirements. • Promote sustainable growth and income generation through our ISCC compliant operations. • Conduct training and raise awareness on governance, integrity and ethics to heighthen governance standard, such as: – Governance and Integrity Training and Awareness. – Anti-Bribery Internal Audit. – Enhancement of Integrity Awareness Modules. – Enhancement of Corporate Governance and Business Integrity to FGV AntiCorruption Plan. • Conduct Health and Safety Audits such as incorporating Safety Culture Maturity Model into our business framework. • Promote OSH Vision Zero to cultivate an injury-free workplace and its #GOHOMESAFE Programme to reduce the number of incidents in FGV’s operations. • Organise HSE training for FGV employees, particularly for those with higher exposure to hazardous risk to embed a safety culture within FGV operations. • Developed a Groupwide Climate Action Plan to promote sustainability efforts and execute climate action programmes at the operational level. • Identify and develop action plans to improve transparency and disclosures on sustainable and responsible practices. • Conduct familiarisation sessions with suppliers to align with the Group Sustainability Policy’s requirements and practices. • Ensure all raw materials are procured from sustainable sources aligned with our Group Sustainability Policy commitments. • Introduce a series of supplier agreements to ensure that our suppliers comply with the Supplier Code of Conduct policies. • Implement the required monitoring mechanism to achieve complete traceability throughout the supply chain. Financial & Capability Building Operational Improvement Product & Market Penetration New Growth Areas Operational Improvement Product & Market Penetration Operational Improvement Financial & Capability Building Financial & Capability Building Operational Improvement Financial & Capability Building Operational Improvement Financial & Capability Building Social & Relationship Human Intellectual Social & Relationship Manufactured Human Financial Social & Relationship Human Human Social & Relationship Natural Social & Relationship Natural Manufactured Intellectual
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