FGV Annual Report 2014

Volatilities in the price of CPO were reflected in our share price. Yet, despite all commodity prices continuing to dip, we managed to achieve a profit after taxation and zakat of RM538.65 million on the back of RM16.4 billion in revenue, enabling us to declare a final dividend of 4 sen per share. Added to the interim dividend of 6 sen per share, our total dividend for the year stands at 10 sen per share, translating into a total payout of RM364.82 million. Underlying this financial performance is an enhanced organisational culture – the values we uphold and which govern our relationships with all stakeholders; as well as our respect for the environment. The latter is translated into the care we take to protect the natural resources that support our operations and the sustainability of life on this planet as we know it. We believe that our stakeholder relationships as well as efforts to protect and enhance the environment are important to our continued success. Accordingly, beginning this year, we will be reporting on initiatives related to these, and other non-financial aspects of our operations which add value to FGV and, ultimately to you – our shareholders. This forms part of a new journey we have embarked on, to adopt an integrated approach in our Annual Reports. This report, together with our Sustainability Report 2014, provides a comprehensive account of initiatives taken to ensure the long-term viability of our operations. With time, disclosures currently found in the Sustainability Report will be incorporated into our financial reporting in the Annual Report to provide a holistic and integrated account of our entire business model and strategies. In addition to operational and cultural changes, we have also enhanced our governance practices. The year began with the launch of an Integrity Plan which commits every individual within the FGV family to upholding the highest level of corporate and personal integrity. We also introduced a Board of Directors’ Manual to serve as a reference point for the stewards of FGV’s governance; and established a Group Governance as well as Group Risk Management to take direct ownership of the Group’s adherence to ethical practices in every aspect of our dealings. To strengthen our credentials as a responsible agri-commodities player, we continue to educate our internal planters on sustainable practices, and have increased the number of plantations as well as mills that are Roundtable of Sustainable Palm Oil (RSPO) and International Sustainability and Carbon Certification (ISCC) certified. In addition to safeguarding the environment, we are contributing in a significant way to conservation efforts throughout the country. Current initiatives include spearheading a multi- stakeholder programme to protect the peninsula’s Rafflesia and Malayan Sun Bear, the world’s largest flower and smallest bear species, respectively. We are also involved in securing a mega biodiversity corridor in the Lower Kinabatangan with the Borneo Conservation Trust and Sabah Wildlife Department that would protect elephants, orang utans and other forest animals to migrate safely in the forest we preserve. The year began with the launch of an Integrity Plan which commits every individual within the FGV family to upholding the highest level of corporate and personal integrity. Felda Global Ventures Holdings Berhad pg 14 CHAIRMAN’S STATEMENT