Fraser & Neave Holdings Bhd Sustainability Report 2021

CLOSING REMARKS While 2021 was challenging, we remained firmly committed to pursuing our goals of sustainability excellence. We are proud of our achievements in sustainability over the past year and are excited to embark on this new phase of our sustainability journey towards the new 2025 goals. On behalf of the Board and management, we will continue to anchor sustainability in the Group and work with all stakeholders to ensure future prosperity for all. Thank you for your continued support. Y.A.M. TENGKU SYARIF BENDAHARA PERLIS SYED BADARUDIN JAMALULLAIL IBNI ALMARHUM TUANKU SYED PUTRA JAMALULLAIL Chairman LIM YEW HOE Chief Executive O!cer Managing Value Chain Impacts Today’s consumers actively seek brands that contribute to a greener environment. As such, F&NHB has been working towards creating and capturing value along our supply chain with renewable and recovered inputs. We achieved our goal of purchasing RSPO credit for 100% of our palm oil usage in 2020. Beginning 2021, we have started to purchase 20% RSPO physical certified palm oil for our palm oil usage and balance 80% in RSPO credits. We will increase the proportion of the mass balance approach towards 100% RSPO’s physical certified palm oil by 2025. Taking the lead in making a di*erence in consumer packaging waste, F&NHB is one of the ten founding members of the Malaysian Recycling Alliance (MAREA) – a voluntary, industry-led initiative that drives circular economy adoption through extended producer responsibility. Meanwhile, we have also increased the use of recycled materials in our product packaging to 22% this year and target to have all our beverage and dairy packaging material 100% recyclable by 2025 from the current 97%. The installation of our 10MWp rooftop solar system in Malaysia is well on track. Upon completion in mid-2022, we will be replacing 20% of our electricity requirement with renewable energy and achieving carbon avoidance of about 9,000 tonnes CO 2e per year, equivalent to approximately 200 cars driven annually. JOINT MESSAGE FROM OUR CHAIRMAN & CEO 012