Fraser & Neave Holdings Bhd Annual Report 2020

133 ANNUAL REPORT 2020 05 sustainability report Sustainability is a key business driver for our company and a critical component of our success. Our 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. We continue to improve livelihoods across our value chain, become the employer and partner of choice providing opportunities for advancement and development, play a leading role in community development, and demonstrate environmental responsibility and leadership. We continue to make positive strides to strengthen our approach in managing sustainability topics that are material to our business, demonstrate our constant commitment to incorporate sustainable practices into our business, and show leadership with the sustainability challenges we face. Sustainability Statement Published our fourth Standalone Sustainability Report (in accordance with the GRI Standards – Core Options) Obtained external assurance on selected Environment and Social disclosures from Lloyd’s Register Quality Assurance Included in the FTSE4Good Bursa Malaysia Index for the second consecutive time, with higher rating for our Environmental, Social and Governance (ESG) practices Achieved 5 of our Sustainability Targets for 2020 and made good progress on another 3 SUSTAINABILITY APPROACH Sustainability is embedded in F&NHB’s culture. Our Board’s Charter sets out their responsibility to “include strategies on economic, environmental and social considerations underpinning sustainability.” Hence, our Board ensures sustainability principles guide F&NHB’s long-term business direction, and they have ultimate oversight of all sustainability issues. 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. Our most significant material topic ‘Consumer Health and Safety’ is extremely relevant this year amidst the COVID-19 pandemic as communities are becoming more discerning of their health and hygiene. ‘Economic Performance’ is vital as we continue to provide contributions to our front liners and people in need whilst staying strong with our financial performance. ‘Occupational Health and Safety’ is also increasingly important in light of the pandemic. We have conducted a materiality assessment this year, with the support of an independent consultant, to engage our internal and external stakeholders to get their input on the material issues for F&N. We have set medium term 2025 sustainability targets, especially for ‘high’ materiality issues. The 2021 materiality matrix and 2025 sustainability targets will be reflected in next year’s report.