FY2024 Highlights
F&N’s responsible business fundamentals ensure that it is operating in a manner that considers the best interest of the business and its stakeholders, while weighing social, environmental and financial value creation impacts.
FTSE4GOOD 2024
Top 1 percent in the Global Food & Beverage Supersector
S&P Global ESG Score 2022
Global TOP 5 COMPANIES among Beverages sector
Top 50 Excellence Award
National Corporate Governance & Sustainability Awards 2024
Responsible Product Stewardship
of our plants and production processes certified with Halal Standards
63%
Certified with SSC22000 Scheme
new products & packaging formats introduced
THB 35 million
annual cost avoidance through 54 employee-driven innovation projects
Responsible Supply Chain
of suppliers are local
78%
of annual procurement expenditure allocated to local suppliers
of our active key suppliers accepted F&N Group’s Supplier Code of Practice
100% Sustainable Palm Oil since 2020
Empowering suppliers through strategic collaborations
Actively building the capacity of
>2,000
farmers from 10 milk cooperatives through the Farming Excellence System since 2013
F&N Business Partner Programme Collaborating with 19 suppliers to propose ESG-aligned projects
Building the Halal eco-system through Halal Sourcing Partnership Programme
F&N’s 141-year legacy is built on the dedication of our people, valuable insights from our consumers, and the support of the communities where we operate. Cultivating a collaborative relationship with our stakeholders is essential for sustained growth, fostering trust, innovation, and resilience. This commitment requires continuous effort and adaptability to meet the changing needs of our stakeholders.
We are dedicated to delivering high-quality, nutritious products, empowering our employees, and supporting vulnerable groups, while ensuring that we uphold high standards of human rights across our operations. These principles are integral to driving long-term success and creating rewarding, inclusive work environments.
Create Value for Society
reduction in sugar per ml of our total beverages (2015 - 2024)
of the RTD beverages sold are healthier options with less sugar
2/3
of our portfolio are ‘healthier choice’ in Malaysia or Thailand
Positively impacted the lives of
beneficiaries within the less fortunate community through community investment of >RM1.5 million
cups of milk served to students at 500 schools in Thailand, fostering healthier dietary habits
>5,000
cans of 100PLUS distributed nationwide to keep Malaysians hydrated during the heatwave
in Monfort Boys Town empowered with essential literacy skills through ICDL certification course
Strengthened the collaboration with SWCorp through a
MOU to promote recycling within school communities
contributed to nature conservation through tree planting initiatives in Malaysia & Thailand
210 mangrove trees at Kota Kinabalu
450 trees & 1,200 seed balls in clay soil at Kanjanaburi
Proud hydration partner of
SUKMA & PARASUKMA XXI and major sports events nationwide
Empower Our People
>3,700
employees including 382 new hires
Female Representation
Executive Category
34 average training hours per employee
Non-Executive Category
12 average training hours per employee
Maintained
0
work-related fatality
work-related illness
Complimentary influenza vaccination provided to more than 1,200 employees from 19 locations across Malaysia
At F&N, we acknowledge and embrace the significant responsibility our business carries in protecting and sustaining the environment. We understand the critical link between the F&B sector and the biodiversity within our value chain. We fully recognise our pivotal role in conserving natural resources for the benefit of current and future generations, with a firm commitment to sourcing ingredients responsibly and with respect for their ecological impact. Across our operations, we champion circularity and resource efficiency, managing energy, water, and waste resources with care. The shift towards a circular economy not only presents opportunities to enhance business value, while actively reducing our environmental footprint.
Operational Eco-efficiency
GHG intensity ratio improved
against 2020 baseline
Extended the solar PV roof panels at 5 plants in Malaysia with 6.38MWp capacity
Generating over 6 million kWh of renewable energy annually
Equivalent to CO2 emission offset by 29,000 trees
Third year of assessment of climate-related risks and phased implementation of TCFD-based reporting
Introduced Internal Carbon Pricing initiative
Solid waste sent to landfill
against 2020 baseline
3
manufacturing plants have achieved ZERO waste to landfill
Kota Kinabalu Plant
Rojana Plant
Wang Muang Plant
of solid waste reused, recycled or recovered
Converted waste to valuable resources
310 MT of waste into over 860,000 kW of electricity
7,200 MT of wastewater treatment sludge & liquid milk waste into organic fertiliser
486 MT of okara waste to organic feed for chicken farm
6,700kg
food surplus contributed to communities in need
Value Chain Impacts
Nurturing young eco-warriors through F&N School Recycling Programme 2024
1,700
schools collected
>3,500 MT
of recyclables
recycled content in beverage & dairy packaging
of primary packaging is recyclable
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