FGV Annual Report 2015

About This Report As we strive to make our mark as an agri-business powerhouse on the international stage by 2020, we recognise that our reporting needs to reflect the changes we are making within. Transparency and integrated thinking are taking more central roles in the way we shape our processes and competitiveness for the future. We are well aware that value is derived from more than just financial and economic gains. This is the mindset that is now driving our sustainability efforts within the Company. Similarly, we understand the interconnectivity and dependency between our natural resources, economic development, human capital and the financial outcomes that are created by this delicate balance. With this Annual Integrated Report 2015 (AIR), we intend to better capture these relationships and how they bring value to each Stakeholder at the end of the day. By introducing this AIR, we aim to give Stakeholders a balanced and holistic view of our financial and non-financial performance for the financial year ended 31 December 2015. This includes all material matters up to the sign off by the Board of Directors on 29 March, 2016. This Report will cover the financial, environmental and social aspects that affected our performance this year and its likely to impact on our Company in the short, medium and long term. To draw more clarity in our AIR, we have identified our key capitals: natural, financial, manufactured, human, network and intellectual capital. These are matched against the way we use them to create value for our respective Stakeholders. Reporting Framework As a natural extension of our efforts to make our Company a transparent and sustainable company, we are enhancing our corporate reporting by voluntarily adopting the guiding principles of the International Integrated Reporting Framework, published by the International Integrated Reporting Council (IIRC) in December 2013. In support of this framework, we have studied reporting guidelines by the Global Reporting Initiative (GRI). While we are not adopting the GRI framework in its totality, we have applied its definitions of materiality in this AIR. The GRI framework on materiality adds a more structured and well-defined layer to the way we report material matters, based on the priorities of our most important Stakeholders. In addition, our AIR is prepared in line with local statutory reporting frameworks, namely the Malaysia Companies Act 1965 and the Financial Reporting Standards (FRS). We continue to monitor the latest developments in the reporting environment in order to ensure we are constantly able to keep abreast with best practices. But more than that, our AIR aims to be a true and holistic reflection of our day-to-day activities and the way we are using integrated thinking to transform the business. As a public-listed entity, our Company reports in conformity with Bursa Malaysia Listing Requirements and falls within the oversight of the Securities Commission Malaysia. Assurance & Approval Our Company receives external assurance on its financial statements by external auditor, PricewaterhouseCoopers (PwC). PwC also provided a limited assurance on our Company’s reporting of selected environmental and social data. Please refer to pages 361 to 363 for the Independent Assurance Report. This AIR has been sighted by the Head of Investor Relations, whose role, inter alia , is to produce and develop the content for the Annual Integrated Report following integrated reporting frameworks. Measures are continually implemented to formalise and improve the integrated reporting process in the short, mid and long term. Feedback We have voluntarily chosen to venture into integrated reporting to help our Stakeholders understand their investment in Felda Global Ventures Holdings Bhd better. We hope to open meaningful dialogues with our Stakeholders so as to create a constant channel of growth and learning for all parties. We value any feedback on the AIR and especially appreciate comments on how we can do better to serve you. Any questions about this AIR is also welcome. To speak to us, please contact our Group Investor Relations department at 03-2859 0000. This year marks an important step for our Company as we venture into integrated reporting for the first time. This style of reporting is a way for us to entrench our efforts to transform the Group into a more transparent entity. Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 3