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FGV Annual Integrated Report 2022

FGV ANNUAL INTEGRATED REPORT 2022 1
INSIDE THIS REPORT 2
GUIDED BY GLOBAL BEST PRACTICES 4
Basis of This Report 5
WE REMAIN AN ESTABLISHED BUSINESS 7
Our Story 8
2022 Highlights 10
5-Year Financial Highlights 12
Sustainability Highlights 13
Our Approach to Sustainability 14
Global Presence 16
Corporate Details 18
FGV’s Key Businesses 19
Organisational Structure 20
OUR STRONG LEADERSHIP PAVES THE WAY 21
Chairman’s Statement 22
A Thank You to FGV’s Former Chairman 26
Group Chief Executive Officer’s Review 27
TURNING STRATEGY INTO OUTCOMES 31
Operating Landscape 32
Stakeholders Engagement 34
Material Matters 38
Our Value Creation Model 40
Business Strategy 42
Linking Material Matters to Risks and Strategy 48
VALUE CREATION IS THE BEDROCK OF OUR BUSINESS 50
Group Financial Review 51
Group Business Review 57
Sustainability Review 75
SHAPED BY HIGH STANDARDS OF GOVERNANCE 107
At a Glance - Board of Directors 108
Board of Directors’ Profile 110
At a Glance - Group Management Committee 118
Group Management Committee’s Profile 121
Corporate Governance Overview Statement 128
Statement on Risk Management and Internal Control 163
WITH TRANSPARENCY EMBEDDED IN OUR BUSINESS PRACTICES 172
Share Price Movement 173
Financial Calendar 174
Analysis of Shareholdings 175
Top 10 Properties of FGV Group 179
Additional Disclosure: 181
Utilisation of Proceeds 181
Non-Audit Fees 181
Material Contracts 181
Long Term Incentive Plan 181
Share Issuance Scheme 181
Recurrent Related Party Transaction of Revenue or Trading Nature 181
Global Reporting InitiativeContent Index 190
Application of the Principles and Practices of the Malaysian Code on Corporate Governance 2021 (MCCG 2021) 194

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