Fraser & Neave Holdings Bhd Annual Report 2021

Material Issues of F&N Opportunities for F&N if issue is addressed Potential Risks for F&N if issue is not addressed Nutrition Helping consumers’ lead healthy lives by developing nutritious and accessible products. • Innovation opportunity to meet customer and consumer demands • Transforming product portfolio towards healthier options that contribute to consumers’ well-being • Regulatory risks (e.g. sugar tax) from the markets we operate in; focusing on Nutrition helps mitigate this Community Development & Inclusive Growth Supporting economic development and creating positive social impact for communities connected to our business activities. • Investing in communities suppor ts n a t i o n a l s o c i a l a n d e c o n o m i c development and ensures F&N grows alongside society • Working with communities strengthens our relationships, our credibility and presence • Lack of community programmes and initiatives impacts our reputation as a corporate citizen and a$ects employee morale • Failure to balance social, economic and environmental needs will bring financial implications Human Rights Upholding strong human rights practices in our operations and supply chain. • Proactively identify and address human rights risks in F&N’s operations and supply chain ensures a safe workforce • Reduce inequali t ies (e.g . gender inequality) • Improve productivity and resource e!ciency • Human rights violations in operations and supply chain lead to regulatory risks, monetary fines and reputational risk • Disruption to operations • Demotivated and unproductive workforce Human Capital Development Attracting, developing, and retaining high-performing employees, creating an inclusive and diverse culture. • Skilled and diverse employees allow F&N to deliver our business strategy and remain competitive • E f fec t i ve t r a i n i ng and upsk i l l i ng programmes contribute to a high- performance culture • Provide job opportunities for the local community where we operate • Challenge to attract and retain talent • Adapting to the rapid skill set requirement changes of the evolving market Employee Safety, Health & Well-being Improving and maintaining the health, safety and well-being of our employees. • A healthy and safe workforce increases productivity of F&N‘s operations • Improvements in talent acquisition and retention • Positive employer branding • Injuries, occupational diseases, lost days and fatalities may result in productivity loss, business continuit y and the company’s license to operate • Financial and reputational risks rt iti s f r if iss is a r ss otential isks for F if issue is not addressed Better Society 054 S t r a t e g i c R e v i e w MATERIAL MATTERS