FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 3 ABOUT THIS REPORT OUR REPORT This is demonstrated throughout our Annual Integrated Report (AIR) for the year ended 31 December 2016. In preparing our report, we were guided by the International Integrated Reporting Council (IIRC) Framework, published by the IIRC in December 2013. Our management reporting processes and our suite of reporting publications are aligned with the reporting requirements of the Malaysian Code on Corporate Governance 2012 (MCCG 2012),MainMarket ListingRequirements of Bursa Malaysia Securities Berhad and Sustainability Guidelines and the Global Reporting Initiative (GRI). We have a Reporting Committee (RC) in place, chaired by the Group Chief Financial Officer (CFO), who interacts directly with the Group President/Chief Executive Officer (GP/CEO). The AIR is our primary report to Stakeholders. The scope of this report includes the Group's main business units and key functions as shown on pages 30-57. All significant items are reported on a like-for-like basis, with no major restatements. Given the integrated basis upon which we manage our business, the interests and concerns of our key Stakeholders, and how we respond to them, are discussed throughout our report. DETERMINING MATERIALITY Our AIR aims to provide a balanced, accurate and accessible assessment of our strategy, performance and prospects in relation tomaterial financial, economic, social, environmental and governance issues. The material issues and developments that are comprehensively dealt with in the report were determined by considering the following: • Set quantitative and qualitative criteria factors • Matters that are critical in relation to achieving our strategic objectives and the sustainability of our integrated value chain • Matters covered in reports submitted to the Board of Directors for discussion or approval • Key risks identified by our risk management process • The interest of our key Stakeholders ASSURANCE AND APPROVAL Our Board has approved the RC whose terms include ensuring that the contents of the AIR adhere to the IIRC Framework, in addition to the final approval of the AIR. In keeping with our assurance and approval objectives, PricewaterhouseCoopers (PwC) continues to provide external assurance on our financial statements while also providing limited assurance on our sustainability reporting. For the year under review, PwC additionally provided assurance on our Statement of Risk Management and Internal Control (SORMIC). FEEDBACK Through our reporting process we seek to move beyond compliance and enter into an inclusive and meaningful dialogue with our Stakeholders, with the aim of informing our strategy and building trust. We value feedback and welcome questions and comments on our reporting. To give feedback on our reports, please contact our Investor Relations unit at 03-2859 0000 or email us at fgv.investors@feldaglobal.com . FORWARD LOOKING STATEMENTS Certain statements in this document are forward looking. Typically, they contain words such as "anticipates", "estimates", "expects", "projects", "believes", "intends", "plans", "may", "will" and "should", or similar expressions. Such statements relate to the plans, objectives, goals, strategies, future operations and performance of Felda Global Ventures Holdings Berhad (FGV or the Company). They are not guarantees of future operating, financial or other results and involve certain risks, uncertainties and assumptions. Actual results and outcomes may therefore differ materially from those expressed or implied. We make no express or implied representation or warranty that the results anticipated by such forward-looking statements will be achieved. These statements represent one of many possible scenarios and should not be viewed as the most likely or standard scenario. We are not obligated to update the historical information or forward-looking statements in this document. We apply a progressive approach to integrated thinking and integrated reporting. The leadership of the Group develops and directs the strategy and manages the business in an integrated way, taking cognisance of the capital resources required and the interests of all our Stakeholders.