Sustainability is essential for the long-term success of FGV. To be sustainable, FGV needs to manage all potential sustainability risks from its own operations and also along its supply chain. Only by doing so, FGV can meet the ever increasing stakeholders’ expectation and secure respectable market for its products and services whilst fulfilling its socio-economic obligation. This calls for a general policy that is not only economically sound, environmentally friendly and socially acceptable with good ethical attributes, but also robust to be used in all FGV business units. Taking this into consideration the Group Sustainability Policy (GSP) has been revised and adopted on 29 May 2019. The revised GSP serves as a to guide every individual, business units and associated partners in conducting their activities in a sustainable manner.
The main objective of the revised GSP is to enable FGV to take all possible steps to ensure that the Group’s activities will create trust and long-term value for the business, shareholders and stakeholders. At the same time the revised GSP would enable execution of the Group’s strategy in ways that will address sustainability risks and opportunities effectively to achieve business and operational excellence.
By having this revised GSP, FGV Group would be better equipped to address major sustainability concerns in its business units. With the good implementation of the GSP within the organization and along its value chain, FGV will be able to balance environmental, social and economic needs and create a positive impact to stakeholders and sustainable business.
FGV has a grievance policy to address grievances within the company whereas, for external parties, the whistleblowing policy will act as a medium in addressing their concern.
In promoting the sustainability agenda, we strongly believe that sustainability standards must be fulfilled throughout the supply chain. Recognizing the need to ensure that our suppliers and contractors also commit and adhere to the same values and principles that we embrace, FGV has adopted its Supplier Code of Conduct (SCOC) in April 2019, which outlines principles and standards relating to sustainability; business ethics and integrity; safety, health and environment; and labour among other things. With this document, any supplier or contractor wishing to enter into a business partnership with FGV is required to agree and commit to the principles and standards stipulated by the SCOC.