FGV Holdings

FGV Holdings is a globally active agribusiness and leading producer of crude palm oil (CPO), operating in 9 countries across Asia, North America and Europe, and accounting for roughly 15% of Malaysia's total annual production volume. In addition to CPO, FGV also has activities across logistics and sugar, where the group produces, markets and sells refined sugar products under its Gula Prai brand.

Baseline assessment

Environment

Started the journey

Nutrition

Room for improvement

Social inclusion

Started the journey

Summary

FGV Holdings publicly discloses a number of environmental and social commitments but has significant room for improvement when it comes to nutrition. The company discloses its commitments to protect natural habitat through its No Deforestation, No Peat, No Exploitation Policy. It also discloses commitments to reduce fertiliser and pesticide use and minimise freshwater use. While the company provides some disclosure, it has not set targets to reduce its direct and indirect GHG emissions. Furthermore, it does not have commitments to improve soil health and agrobiodiversity, reduce food loss and waste, and reduce packaging waste. As a vertically integrated company involved in processing consumer-facing products, FGV Holdings is well positioned to help consumers make informed decisions on the intake of nutritious foods. However, it does not disclose any nutrition-related commitments, including to product reformulation, workforce nutrition and food safety. In terms of social inclusion, the company is committed to eliminating child and forced labour, promoting smallholder productivity, protecting land tenure rights and improving health and safety in its own operations and supply chain. However, it does not disclose a living wage commitment.

Food and Agriculture Benchmark

The Food and Agriculture Benchmark will assess 350 keystone companies on the issues underpinning the food system transformation agenda. The benchmark’s aim is to stimulate companies to apply sustainable business practices throughout their operations as well as use their influence to encourage value chain partners to do the same. WBA has organised the food and agriculture value chain into six sub-sectors. These sub-sectors are also reflected in the methodology framework.

Food and agriculture revenue
MYR 12,868,843,000
(USD 1,734,708,000)
Major subsidiaries
Delma Oil Products, MSM Prai, MSM Perlis, MSM Sugar Refinery
Consumer brands
Saji, Adela, Seri Pelangi, Tiara, Tiga Udang, Gula Prai

Value chain sub-sectors

Other benchmarks

The company is also included in the following benchmarks developed by WBA and our Allies. These benchmarks help to deepen our understanding on key issues and industries.