Value Creation Is The Bedrock Of Our Business 80 FGV HOLDINGS BERHAD Sustainability Review PROGRESS AND ACHIEVEMENTS In line with government directive of mandatory MSPO Certification for all palm oil players including independent smallholders and dealers, FGV had taken initiatives by launching the Independent Smallholders Consultation Programme in 2022. This programme enables us to engage with smallholders in accordance with FGV’s responsible sourcing commitment. Besides acquainting our stakeholders with the latest update on FGV’s sustainability commitments, the consultation also gathers feedback from them for continuous improvement on our operation. FGV conducted two sessions in Johor Bahru and Kuching, respectively, which were attended by a total of 129 participants. We plan to hold an additional seven sessions in 2023 with 800 participation from independent smallholders and dealers. REACHING OUT TO COMMUNITIES IN NEED In 2022, we invested RM17.18 million in various Corporate Social Responsibilities (CSR) initiatives to help reduce the financial burden of communities in need and create awareness about sustainability and the oil palm industry. We believe that our contributions to society are an important aspect of sustainability while also providing opportunities for community engagement. We are committed to empowering local communities in the areas where we operate to support their long-term success. The year under review saw us engaging with various communities to promote awareness about ESG, environmental conservation and the palm oil industry, besides contributing to the national disaster fund. PILLAR 1: PROMOTING ECONOMIC GROWTH Total amounts invested for CSR activities (RM Million) 0.44 11.44 2020 2021 2022 17.18 FGV contributed to Tabung Bantuan Bencana Negara under the National Disaster Management Agency’s (NADMA) supervision as part of our commitment to provide immediate support to disaster-stricken communities. In line with the government’s efforts to expose and educate students about the oil palm industry, we collaborated with the Ministry of Plantation and Commodities and engaged with 100 schools. Students were exposed to information about palm oil such as its nutritional value and benefits through talks, workshops and briefings as part of the initiative to produce young ambassadors for promoting Malaysian palm oil. TABUNG BANTUAN BENCANA NEGARA MARI KENALI SAWIT COMMUNITY ENGAGEMENT AND DEVELOPMENT WHY IT IS IMPORTANT Consistent engagement with local communities enables us to identify and address their needs. We acknowledge that productive engagement results in empowered communities and concurrent growth for our business. Our approach to community engagement and development comprises both one-off initiatives and long-term programmes that generate lasting positive impacts on the community. At FGV, we believe that our responsibility to the communities goes beyond providing aid and cash contributions. That is why we strive to collaborate with strategic partners to implement impactful initiatives that will benefit these communities over the long term. One way is to improve the access to education and provide them with the necessary resources and knowledge to boost their income and promote sustainable agricultural practices.
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