FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 16 WHO WE ARE & HOW WE CREATE VALUE OUR MATERIAL SUSTAINABILITY ISSUES IDENTIFIED THROUGH A STRUCTURED PROCESS Our Approach We aim to provide a balanced, accurate and accessible assessment of our strategy, performance and prospects in relation to those financial, economic, social, environmental and governance issues and risks that have a material impact on the long-term success of the business and that are important to key Stakeholders. FGV follows a structured process to identify, understand and prioritise our material sustainability issues. In determining these issues, we consider the following: • Issues that are critical in relation to achieving our strategic objectives and the sustainability of our operating model and integrated value chain • Matters covered in reports submitted to the Board of Directors for discussion or approval • The outcomes of our internal risk assessment process • The priority interests of our key Stakeholders A Economic Impact B Products and Services We regularly review our material issues in the context of the rapidly changing business and societal context, the repositioned FGV Group, as well as Stakeholder feedback and emerging trends. We seek to collaborate to address challenges within our industry. We also seek to ensure that our reporting continues to reflect our response to the critical issues raised by our Stakeholders. Our key Stakeholders are those who are impacted by our business and who play a role in our ability to deliver on our strategic objectives over the short, medium or long term. We identify their sustainability interests through regular engagements. The priority issues for the Group are managed through a clear Stakeholder engagement approach with set objectives and an engagement plan. In 2016, we maintained healthy and effective external Stakeholder relationships with a particular focus on government and community relations. Informed by this analysis, we identified opportunities to leverage our relationships through a more integrated approach to Stakeholder engagement. IMPORTANCE TO THE STAKEHOLDER IMPORTANCE TO THE BUSINESS OF FGV High High Low Low K J I G E C F D H B A Material Matters C Health and Safety D Ethics E Traceability/Supply Chain F Pollution and Waste G Legal Compliance H Community Development I Human Rights J Climate Change K Water Security OUR RELATIONSHIP WITH STAKEHOLDERS