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FY2023 Highlights

BETTER BUSINESS

Capturing Opportunities, Furthering Growth and Building a Better, Responsible Business

Celebrating its 140 th anniversary, Fraser & Neave (F&N) exemplifies a legacy of responsible business practices in the Food and Beverage (F&B) sector. With a deep understanding of its substantial impact on society and the environment, F&N has navigated the challenges of growth while maintaining a strong commitment to social and environmental responsibilities alongside financial success. This historic milestone reflects the company’s journey of embracing opportunities for expansion and innovation, all while building a business model that aligns with the highest standards of ethical practices.

Strong ESG Performance

The Edge ESG Awards 2023
Gold in Consumer Goods & Services

FTSE4GOOD Rating 2023
4.6 out of 5.0 rating
Top 1 percent in the Global Food & Beverage Supersector

S&P Global ESG Score 2022
Global TOP 6 COMPANIES among Beverages sector

2021 Asean Corporate Governance Scorecard Awards (ACGS)
ASEAN Asset Class PLCs

Responsible Product Stewardship

100%

of our plants and production processes are certified with Halal Standards

6

new products introduced
THB 31 million   annual cost avoidance through employee-driven innovation projects in 2023

Responsible Supply Chain

Engaged with

> 2,000

global and local suppliers
Annual procurement spend of RM3.17 billion

99%

of our active key suppliers
have accepted
F&N Group’s Supplier Code of Practice.

100%

Sustainable Palm Oil

40%

RSPO credits

60%

physical RSPO palm oil
Built the capacity of

> 2,000

farmers in Thailand,
through the Farming Excellence System
F&N Business Partner Programme 2023
participated by

38 suppliers

BETTER SOCIETY

Responding to Our Stakeholders with a Commitment to the Betterment of All

F&N’s journey is characterised by unwavering dedication, and robust community support. Our people’s commitment, coupled with insightful consumer interactions, has been pivotal in driving our achievements. It’s at this juncture, celebrating 140 years of existence, that we reflect on our growth, which has been significantly shaped by our relationship with stakeholders, fostering trust, innovation, and resilience. Beyond providing quality, nutritious products, we are dedicated to supporting vulnerable communities and creating empowering work environments. Our approach, deeply rooted in respecting the human rights of all stakeholders, ensures that our legacy is defined not just by success, but by a positive, responsible impact on society.

Create Value for Society

51%

(2014 - 2023)
reduction in sugar per ml
of our total beverages

> 90%

of the RTD beverages sold
are healthier options with less sugar

64%

products endorsed with healthier choice logo/symbol
81 F&N volunteers in Thailand
built a check dam at the Chet Sao Noi Waterfall
Continued to nurture young eco-warriors through F&N School Recycling Programme 2023
Participated by > 1,400 schools. Collected almost

3,000 MT

of recyclables
Our festive community outreach activities touched the lives of over 500 beneficiaries this year
Spread hydration awareness through World Hydration Day and distributed 100PLUS to Malaysians nationwide during the heat wave.

Empower Our People

> 3,800 number of employees
Female Representation

27%

Total workforce

46%

Managerial positions
33training hours per employee in the executive category
12training hours per employee in the non-executive category

85%

of our employees underwent ESG-related training since 2022

> 25,000 hours

in FY2023
Maintained

  • lost-time injury
  • high-consequence
  • work-related injury
  • work-related fatality
  • work-related illness

BETTER PLANET

Playing Our Part to Ensure a Sustainable Value Chain

F&N is at the forefront of environmental conscientiousness in the F&B industry, with a focus on balancing resource use. The company is dedicated to sustainable sourcing of materials and the implementation of circular economy strategies in its operations. This commitment enhances business value and environmental care, underscoring our on-going efforts to safeguard the earth for the current and future generations. This enduring commitment is especially noteworthy as the company celebrates its 140 th anniversary, marking a significant milestone in its journey towards sustainability.

Operational Eco-efficiency

Conducted scenario analysis to quantify material climate-related risks as part of the phased implementation of climate-related disclosures
Integrated Warehouse in Thailand and Malaysia
Reduces 1,400 tonnes CO 2e emission annually

3

plants have achieved ZERO waste to landfill
Kota Kinabalu
Rojana
Wang Muang
At least 20% of our electricity supply in Malaysia is from renewable sources in FY2023
New investment of
RM 19 million
to install Solar PV systems with total capacity of 6.38 MWp at
5 locations

> 88%

of solid waste was reused, recycled or recovered

Value Chain Impacts

18 AI-powered Reverse Vending Machines
placed across key locations in the Klang Valley to encourage postconsumption recycling among the community at large

25%

recycled content in beverage and dairy packaging

98%

of packaging is recyclable
Pulau Indah Plant
100% of sludge from dairy production

@ 1,652 MT

Rojana Plant
Converted to organic fertiliser and distributed to local farmers
Kuching Plant
Converted 486 MT okara waste to organic feed by local organic chicken farm