Fraser & Neave Holdings Bhd Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 05 Sustainability Report 123 O ur brand promise of ‘Pure Enjoyment, Pure Goodness’, means that we want our products to provide enjoyment and nourishment to consumers. In other words, utilising the best ingredients, together with best practices in the way we source, produce and distribute. Equally important for our brand promise is to ensure that Fraser &Neave Holdings Bhd (F&NHB or the Group) is an integral part of our community, improving livelihoods across our value chain; that we are the employer and partner of choice providing opportunities for advancement and development; that we play a leading role in community development; and that we always demonstrate environmental responsibility and leadership. We continue to make positive strides towards achieving F&N Group’s 2020 sustainability goals and strengthen our approach in managing sustainability topics which are material to our business. Sustainability Statement SUSTAINABILITY APPROACH Sustainability is embedded in F&NHB’s culture at all levels. Our Board of Directors ensures F&NHB’s long-term business direction is guided by sustainability, with The Board Charter setting out their responsibility to: “include strategies on economic, environmental and social considerations underpinning sustainability.” They are supported by the Sustainability and Risk Management Committee, Sustainability Management Committee, Sustainability Development Committee at the F&N Group level, as well as our Sustainability Development Working Team. Our Materiality Assessment, first carried out in 2017 and reviewed each year, helps us to identify the sustainability issues which are most important to us and our stakeholders. Over the past year, awareness about plastics has grown globally and locally. The Malaysian Government has published a ‘Roadmap Towards Zero Single-use Plastics 2018-2030’. The group has assessed the materiality of the ‘Packaging’ issue to be ‘high’ in 2019. For a more holistic reporting, this year we have sub-sumed a) the ‘Health and Nutrition’ issue under ‘Consumer Health & Safety’ and ‘Creating Value for Society’; and b) the ‘Route Planning’ issue under ‘Energy & Climate Change’ to be aligned with the circular economy approach. Hence, there are now 13 materiality issues for F&NHB. It is our vision to create a financially, environmentally, and socially sustainable future for our business by: • Delivery value through innovation, human capital development and social collaboration, and • Managing our impacts and conduct business in a responsible manner. our third Standalone Sustainability Report (produced in line with the GRI Standards – Core Options) 2020 on track achieving our Sustainability Targets for Obtained external assurance on selected Environment and Social from Lloyd’s Register Quality Assurance Included in the FTSE4Good Bursa Malaysia Index for the first time this year