Fraser & Neave Holdings Bhd Sustainability Report 2021

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. F&N also collaborates with Nanyang Technological University (NTU), through the F&N-NTU F&B Innovation Lab in Singapore, to foster research that will result in better food packaging and the conversion of spent produce from food processing into valuable resources. APPROACH TECHNICAL DEVELOPMENTS that support quality improvement and cost optimisation. REGULATORY COMPLIANCE of our local and export business. QUALITY PRODUCTS that meet food safety standards. 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. R&D Principles TARGET • Achieve 10% product innovation for commercialised F&N products Progress • Over the past year, we have introduced 13 new products through new technology and product range extension. With this, we have achieved 13% of commercialised F&N products this year. OUR 2025 COMMITMENTS Responsible Product Stewardship 055 Fraser & Neave Holdings Bhd ! Sustainability Report 2021 SDG 8: Decent Work & Economic Growth SDG 7: A*ordable & Clean Energy SDG 6: Clean Water and Sanitation SDG 9: Industry, Innovation, and Infrastructure SDG 12: Responsible Consumption & Production