Fraser & Neave Holdings Bhd Sustainability Report 2019

OUR RESEARCH & DEVELOPMENT APPROACH Our Research & Development (R&D) Unit in Singapore is supported by teams in Malaysia and Thailand. The unit leads efforts for continuous improvements to our product formulas according to changes in consumer preferences and the regulatory environment, while searching for ways to improve products’ functional benefits and shelf-life. The goals of R&D at F&NHB are guided by the following principles: In 2019, the F&N-NTU F&B Innovation Lab was established in Singapore to foster research that will result in better food products, greener packaging and the conversion of spent produce from food processing into valuable resources. In line with F&N’s commitment to deliver sustainable business practices, this collaboration with Nanyang Technological University (NTU) will see the furthering of our green efforts, as well as catering to the health and nutritional needs of our consumers. INNOVATION & CREATION in terms of products, processes, packaging and sensory science (a scientific method of measuring and interpreting consumers’ response to prototypes/products based on the senses of taste, smell and touch/texture). SCIENTIFIC ADVANCES for application in our processes and products. TECHNICAL DEVELOPMENTS that support quality improvement and cost optimisation. QUALITY PRODUCTS that meet food safety standards. REGULATORY COMPLIANCE of our local and export business. The F&N-NTU F&B Innovation Lab is helmed by Professor William Chen, Director of NTU Science and Technology Programme (third from left), Mr. Ong Ye Kung, Singapore’s Minister for Education (third from right) and Mr. Koh Poh Tiong, Adviser of Fraser and Neave Limited, Chairman to the Board Executive Committee. S U S T A I N A B I L I T Y R E P O R T 2 0 1 9 Delivering Value 037

RkJQdWJsaXNoZXIy NDI1NzQx