FGV Annual Report 2015

167 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 difficult for external crops. Although it is a challenge, FGV is committed in getting our sources fully traceable in near future. In line with this, FGV has signed a memorandum of understanding (MoU) in December 2015 with US consumer goods giant Procter & Gamble (P&G) and five other organisations to develop a model to ensure palm oil sustainability, especially deforestation-free palmoil, palm kernel oil and their derivatives. This commitment represents a starting point to understand where our palm oil originates from. We have embarked on a pilot project to map our entire supply based to the plantation of our origin in three of our mills with the counterparts. HSE LOOKING AHEAD FGV recognises that to maintain its safety performance requires vigilance by all parties involved, technical competencies and a well-defined and organised framework to guide planning and implementation. With this in mind, more initiatives have been planned with some already being undertaken to address any inadequacies. HSE objectives as spelled out in its HSE Policy are to, among other things, eliminate accidents, dangerous occurrences, environmental impact, pollution and accidental poisoning as well as create an HSE-centric culture. As an organisation with global aspirations, FGV aims to emulate best-practices across the globe, balancing business goals with environmental interests and acting responsibly to ensure the well-being of all its employees, workers and others. Taking Safety and Health to the Next Level ENVIRONMENT Given the size and reach of its business, FGV’s operations have always had an impact on the environment especially in terms of air emission, effluent water discharge and scheduled waste generated from its activities. Continuous monitoring is conducted to ensure FGV’s operations comply with the requirements of Environmental Quality Act 1974. In addition, competent persons are trained to fulfil the legal requirement and to monitor the activities which have an impact on the environment. Preventive efforts towards minimising the impact such as implementing ISO 14001, installation of monitoring equipment, introducing spillage control equipment and devices, and instilling awareness through educational and promotional programmes are continually being conducted at work sites. TRACEABILITY Traceability is an important element especially so in the palm oil industry, where the oil palm supply is very complex. Without traceability it is difficult to ensure the sustainability of oil palm products. With more and more customers seeking sustainability status for the entire delivery, it is being a major challenge to the industry especially those buying FFB from third parties like FGV. Currently we are able to trace all our FFB and PK up to its supplying mills but tracing to plantation of origin has been