Fraser & Neave Holdings Bhd Sustainability Report 2021

SUSTAINABILITY PRIORITIES & 2025 AMBITIONS FOR F&N Sustainability is an ongoing commitment, requiring constant re-evaluation to ensure we remain relevant to current issues. In 2020, we conduc ted a thorough materiality assessment exercise and stakeholder engagement to identify our material issues in Environment, Social and Governance (ESG). This year, we launched a refreshed ESG framework and set of ambitions for the year 2025. Built on three foundation pillars – Better Business, Better Society and Better Planet, our framework focuses on 18 material topics perceived to be of the greatest importance by internal and external stakeholders. 12 targets are set for F&N Group to drive sustainability performance throughout our business, with additional four supplementar y targets for F&NHB to demonstrate our commitment to further drive progress in high priority areas. Read more about our 2025 targets on page 029. PURSUING SUSTAINABILITY EXCELLENCE AMIDST CHALLENGING TIMES During 2021, while the challenges presented by the COVID-19 pandemic continued to impact our business, F&N remains committed to pursuing excellence, with a focus on our material ESG topics. Our sustainability performance continues to receive external validation from independent assessors, and we will continue our e*orts to further our progress to deliver value to our stakeholders. • For the first time, F&NHB was invited to take part in the 2021 S&P Corporate Sustainability Assessment for inclusion in the S&P ESG Index. As of 12 November 2021, our company performed at the top quintile (86 th percentile), ranking among the top ten companies out of 46 assessed in the Beverages (BVG) Industry. • F&NHB has again been included as a constituent of the FTSE4Good Bursa Malaysia (F4GBM) Index, marking the third year of recognition for our strong Environmental, Social, and Governance (ESG) practices. Our improved ESG rating from last year is a testament that we are making positive strides in delivering value to our stakeholders in an environmentally and socially responsible manner. • As a major producer of Halal products, we are also proud to be one of the 54 constituents in the newly introduced FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index, which reflects the investments made into ensuring all our products are Halal, and our value chain is Syariah-compliant. • F&N Group is ranked No. 1 amongst the 12 companies in Asia in the latest WWF Palm Oil Buyers Scorecard 2021, which assesses companies on their commitments and actions in sustainable palm oil. • Our Sustainability Report 2019 won a Silver at the National Annual Corporate Report Awards (NACRA) 2020, a recognition for the quality of our sustainability disclosures and communication. DEAR SHAREHOLDERS AND STAKEHOLDERS, Sustainability at F&N is driven by a deep commitment to making the world a better place to live in. We play our part to help everyone everywhere enjoy the same rights to a good life while focusing on things that matter. This has allowed us to continue providing “Pure Enjoyment, Pure Goodness” to our stakeholders, in tandem with our brand promise. We are happy to share our 5 th Sustainability Report covering the period of 1 st October 2020 to 30 th September 2021 (FY2021). This report communicates what sustainability means to us, our commitments and the initiatives implemented to achieve our commitments. This year, we are excited to share a key milestone in our sustainability journey as we introduce the refreshed F&N sustainability framework and our 2025 targets. To ensure relevance of the report, we continue to be guided by the GRI Standards. While, the accuracy of selected Health, Safety and Environment (HSE) disclosure has been externally validated by Lloyd’s Register Quality Assurance (LRQA). 009 Fraser & Neave Holdings Bhd ! Sustainability Report 2021 Sustainabilty at F&N