The diagram below depicts core activities and the reporting mechanism in place within our sustainability structure. Board of Directors BSC GMC SSC GSD Report Direction, Oversight, Guidance & Advice Direction, Oversight, Guidance & Advice Oversight, Guidance & Advice Oversight, Guidance & Advice Report Report Report Oversight, Guidance & Advice Report Materiality Assessment FGV conducts annual Materiality Assessments to identify and assess the materiality of economic, environmental, social and governance risks (collectively, sustainability matters). The assessment informs the formulation of responses to mitigate risks arising and those anticipated to arise that bears relevance to our business and operations. Our materiality assessment is guided by our Enterprise Risk Management (ERM) Framework, Bursa Malaysia’s Sustainability Reporting Guide (2nd Edition) and Bursa Malaysia’s Toolkits, including Toolkits on Stakeholder Engagement and Materiality Assessment. The assessment follows a five phase process with each phase feeding into the next to form a validation mechanism. Review Impact assessment determines potential positive and negative consequence(s), materiality and likelihood of occurrence of identified sustainability matters. Also, the sustainability matters’ relative priority are ascertained and appropriate mitigation responses are formulated. A comprehensive review of sustainability matters with relevant stakeholders to assess applicability of previous sustainability matters and identify new and emerging ones that warrant attention. Stakeholder engagement solicits views and feedback from our multiple stakeholders and gives voice to their opinions to help us shape inclusive and balanced responses to sustainability matters. Impact assessment is harmonised with feedback from stakeholder engagement sessions to present a balanced representation of sustainability matters that gives credence to external and internal stakeholders’ viewpoints. The outcome of the materiality assessment is finalised and presented to the Board Sustainability Committee (BSC) and subsequently to the Board of Directors (BOD) for resolution and approval. Stakeholder Engagement Impact Assessment Harmonisation Board review and approval 1 2 4 5 3 41 SUSTAINABILITY REPORT 2020/2021 CLIMATE ACTION & ENVIRONMENT PROTECTION ADDITIONAL INFORMATION
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