Fraser & Neave Holdings Bhd Sustainability Report 2020

UPDATING OUR MATERIAL ISSUES We have conducted a materiality assessment this year, with the support of an independent consultant, to engage our internal and external stakeholders to get their input on the material issues for F&N. An initial list of ESG topics was drafted based on peer benchmarking and external trends analysis. Input from internal and external stakeholders were considered to streamline the list of sustainability topics and determine the key material topics for F&N going forward. The process to determine the material issues impacting our sustainable value creation resulted in a review and refresh of our Materiality Matrix for FY2021. We have set medium term 2025 sustainability targets, especially for ‘high’ materiality issues. The 2021 materiality matrix and 2025 sustainability targets will be reflected in next year’s Sustainability Report. TREND AND PEER ANALYSIS • Survey of best practices among peers • Development of sustainability trend STAKEHOLDER ANALYSIS • Surveys with 954 F&N employees • Interviews or questionnaires with 17 key external stakeholders MATERIALITY ASSESSMENT WORKSHOP • Two separate senior management workshops in Malaysia and Singapore, to review and finalise prioritisation of sustainability topics 2020 2020 FEBRUARY MARCH F&N MATERIALITY ASSESSMENT 2020 027 SUSTAINABILITY REPORT 2020