• Revision of policies and standards • Resolving resistance and lack of integration • Feasibility study and re-assessment of existing and new business strategy • Understanding impacts of FGV through Life Cycle Assessment (LCA) at all products levels • Enhancement of existing sustainability programmes • Strengthen governance for holistic approach • Promote sustainability-related innovation management • Adoption and integration of holistic sustainability approach at operational level • Management of negative impacts throughout operations • Building a culture that integrates sustainability principles in improving profitability and livelihood • Commitment to zero-impact business operations through circularity (closed-loop) • Full ethical investment and sourcing • Redesign processes and products to close the loop • Full and continuous compliance with sustainability regulations and standards at national and global level • Continuous engagement and materiality assessment • Continuous improvement on policies and internal standards • Branding of FGV as a sustainabilitybased commerce Crossing the Chasm 2022 - Rethink Taking the Leap 2023 - Repurpose Bridging at Peak 2024 - Redesign A holistic approach to sustainability, 2022 - 2024. Our strategic re-orientation has 3 phases: In terms of our sustainability strategy, the main priority is to prepare for full adoption of a holistic sustainability approach that will drive FGV to rethink, repurpose and redesign its business strategy in becoming a sustainability-based enterprise. The adoption of a holistic sustainability approach covers all sustainability programmes to enable FGV to become a zero-impact business operation. To improve the company’s market position and reputation, one of the focuses is the lifting of Withhold Release Order (WRO) issued by the US Customs and Border Protection (US CBP) through continuous enhancement of FGV labour practices. 31 SUSTAINABILITY REPORT 2020/2021 CLIMATE ACTION & ENVIRONMENT PROTECTION ADDITIONAL INFORMATION
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