FGV Holdings Bhd 2023 SR
The report details FGV Holdings Berhad's sustainability performance for the 2022-2023 period, centered on the theme "Progressing Sustainably." A major highlight is the company's intensive remediation efforts to address the U.S. CBP's Withhold Release Order, including the reimbursement of RM72.2 million in recruitment fees to over 20,000 migrant workers and a RM605 million commitment to upgrade worker housing. FGV has formally committed to the Science Based Targets initiative (SBTi), targeting a 50% reduction in absolute greenhouse gas emissions by 2030 and net-zero emissions by 2050. Environmental milestones include achieving 100% traceability to mills and plantations for Tier 1 and 2 suppliers, alongside the generation of 28.5 million kWh of renewable energy from biogas. The report also underscores FGV's role in national food security and its support for over 120,000 smallholders through certification and capacity-building programs.
Company: FGV Holdings Bhd
Sector: Agriculture, forestry & fishing
Country: Malaysia
Year: 2023
Type: SR
Pages: 132
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FGV Holdings Bhd
Sustainability Report
The report details FGV Holdings Berhad's sustainability performance for the 2022-2023 period, centered on the theme "Progressing Sustainably." A major highlight is the company's intensive remediation efforts to address the U.S. CBP's Withhold Release Order, including the reimbursement of RM72.2 million in recruitment fees to over 20,000 migrant workers and a RM605 million commitment to upgrade worker housing. FGV has formally committed to the Science Based Targets initiative (SBTi), targeting a 50% reduction in absolute greenhouse gas emissions by 2030 and net-zero emissions by 2050. Environmental milestones include achieving 100% traceability to mills and plantations for Tier 1 and 2 suppliers, alongside the generation of 28.5 million kWh of renewable energy from biogas. The report also underscores FGV's role in national food security and its support for over 120,000 smallholders through certification and capacity-building programs.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2022 - Dec 31, 2023
Fiscal Year
2023
Published
Apr 29, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees