SUSTAINABLE FUTURE BUILDING A - SUSTAINABILITY REPORT 2018 - Fraser and Neave, Limited
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BUILDING A SUSTAINABLE FUTURE
BUILDING A
SUSTAINABLE
FUTURE
SUSTAINABILITY
REPORT
2018
i
VISION
CONTENTS BUILDING A SUSTAINABLE FUTURE To be a stable and sustainable
Food & Beverage leader in the
SUSTAINABILITY AT F&N F&N’s portfolio of diversified products bring ASEAN region.
01 Sustainability people together across generations and
Highlights 2018
02 Board Statement
communities. As we continue our journey to MISSION
03 Message from Chairman become a food and beverage leader in ASEAN,
of SDC the Group remains committed to building great To be ASEAN’s leading owner
04 About this Report and provider of quality and
brands and delivering high-quality, delicious innovative products that
06 About F&N
11 Our Sustainability products to meet consumers’ nutritional needs. consumers choose and trust.
To support our mission,
Approach Through our brands and investments in our we are guided firmly by our
20 Our 2020 Targets and communities, we will continue to make F&N an commitment to create value
Progress
for our stakeholders by
essential part of consumers’ lives for even more ensuring that our corporate
DELIVERING VALUE
THROUGH SOCIAL
generations to come. actions positively impact
COLLABORATION, HUMAN the socio-economic and
CAPITAL DEVELOPMENT environmental factors.
AND INNOVATION
22 Economic Value
23 Economic OUR MAIN BRANDS
Performance
24 Innovation
CORPORATE PROFILE
31 Empowering Our People
32 Talent Management Established in 1883, Fraser and Neave, Limited (“F&N”) is a
leading Southeast Asia Consumer Group with expertise and
40 Enhancing Social
prominent standing in the Food & Beverage and Publishing &
Well-Being
Printing industries. Leveraging its strengths in marketing and
41 Creating Value for distribution, research and development, brands and financial
Society management, F&N provides key resources and sets strategic
50 Health and Nutrition
directions for its subsidiary companies across both industries.
MANAGING IMPACTS AND
CONDUCTING BUSINESS IN Listed on the Singapore stock exchange, F&N ranks as one of the
A RESPONSIBLE MANNER most established and successful companies in the region with
an impressive array of renowned brands that enjoy strong market
52 Eco-Efficiency leadership. F&N is present in 11 countries spanning Asia Pacific,
54 Water Stewardship Europe and the USA, and employs over 7,700 people worldwide.
57 Effluents and Waste
61 Packaging
63 Energy and Climate
Change
68 Responsible Supply
Chain
69 Sustainable Sourcing
73 Safety and Well-Being
74 Occupational Health In line with the Group’s efforts towards greater environmental conservation, we have adopted an
and Safety electronic transmission for our Annual Report and Sustainability Report.
78 Consumer Health
and Safety The electronic version of the Annual Report is available on Fraser and Neave, Limited’s website
82 Product and Service (fraserandneave.com/investor-relations/annual-reports). Shareholders and other interested parties
Labelling who wish to receive a printed copy may order it through the website (fraserandneave.com/contact-
us/request-annual-report), e-mail (ir@fraserandneave.com) or telephone ((65) 6318 9393).
APPENDIX
84 Performance Summary F&N FY2018 Sustainability Report is only available in electronic version, and is available for
87 GRI Standards Content download at fraserandneave.com/investor-relations/corporate-sustainability.
#G O PAPER LESS
Index
BUILDING A SUSTAINABLE FUTURE
SUSTAINABILITY HIGHLIGHTS 2018
14%
Sugar level
DECREASED
ZERO 31%
to 6.0g/100ml 31%
REDUCTION
in water
WORK-RELATED intensity
ratio*
FATALITIES
IN FY2018
8,600
Healthier choice
options offered in
RSPO 5%
14 OF credits
purchased REDUCTION
in solid waste
OUR 15
intensity ratio*
product categories
Employee-driven
innovations totaling
40%
to an estimated
REDUCTION
S$3M
per annum
in PET resin
packaging material
at Shah Alam plant
GROWTH *at the group-level, compared to FY2017
FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
BOARD STATEMENT
SUSTAINABILITY OVERVIEW with an aim to minimise risks This is the second year we
AND GOVERNANCE for society, environment and are reporting our sustainability
As one of the leading to ensure longevity of our performance in accordance
consumer groups in SEA, Company. Similarly, we identify with the Global Reporting
the Board of Fraser and business opportunities to Initiative (“GRI”) framework
Neave, Limited (“F&N” or ensure we are sustainable and in compliance with
the “Group”) recognises for the long-term. the Singapore Exchange’s
the great responsibility the (“SGX”) listing rules. We have
Group has in protecting the At F&N, the Board continues transitioned from the GRI-G4
interest of future generations. to take the lead in F&N’s guidelines, used in our previous
The Board believes that acting sustainability direction. It has sustainability report for FY2017,
responsibly is the only way to tasked the newly reconstituted to the GRI Standards. In our
achieve a balance between Sustainability and Risk FY2017 inaugural report,
profitable long-term growth Management Committee we described F&N’s legacy of
and protecting our planet (“SRMC”) with responsibility ESG stewardship, set targets
and people. for steering our company- and provided a report card
wide sustainability on our sustainability efforts.
For many years, the Board strategy. The Sustainability This year, we focus on the
has anchored sustainability Development Committee progress we have made during
in its strategy. This is in (“SDC”), which is made the past year.
recognition that the Group’s up of business CEOs and
success is measured not only representatives from senior Following the materiality review
on its economic achievements, management across the F&N conducted last year, we have
but just as important, Group, supports the SRMC, delegated responsibility to
its environmental and social and monitors the progress of the SRMC to consider and
successes. Guided by our sustainability reporting re-validate the ESG factors that
sustainable business practices, initiatives. During the year, are of concern to stakeholders
we conduct our business the Board maintained and significant to F&N’s
oversight over the SRMC and business. During the year,
SDC, managing sustainability further improvements have
risks and opportunities, been achieved on several
while ensuring all environment, targets including our water
social and governance (“ESG”) and solid waste intensities.
matters significant to our
business are aligned with As we continue to embark
our Vision 2020. on the sustainability journey,
we remain committed to
building a responsible business
that delivers sustainable value
to our stakeholders over the
long-term.
02
BUILDING A SUSTAINABLE FUTURE
MESSAGE FROM CHAIRMAN OF SDC
to have made a positive part in global efforts to reduce
contribution for the past 135 GHG emissions. For instance,
years, and fully appreciates we are on track to purchase
how financial and non-financial RSPO credits for 100% of our
success are complementary: palm oil usage by the year
we take our responsibility to 2020.
make a positive impact in the
future very seriously. F&N places great emphasis
on being a key part of
As you will see on page 15, prosperous communities
Consumer Health & Safety in which we operate. This
is F&N’s most important includes hiring locally and
sustainability topic. We empowering our talent, and
understand that the role our also sharing happiness and
products play in people’s daily helping vulnerable members
lives and activities have been of our communities, wherever
evolving. People are now more we can, to make a difference.
health conscious and pay more It is reassuring to witness
attention to the health benefits the enthusiasm for F&N’s
and nutrition, ingredients sustainability journey
and sugar content in their from employees at all levels.
food and beverages. We have F&N’s success is built from
listened to our consumers and our own financial performance
deliberated on how we can and long-term profitability is
better adjust our products to only possible when we protect
accommodate their specific it through our actions on the
Mr Lee Meng Tat needs and requirements. environment and society.
Chairman of Sustainability Development Committee The sugar content in our
products continues to fall, F&N is working to collect
and I am proud that we now consistent sustainability
offer healthier choice options reporting indicators, which will
This is F&N’s second in 14 out of our 15 product allow stakeholders to analyse
sustainability report, and I categories. changes in our performance
am delighted to be able to over time and facilitate
introduce the progress we have One of the highlights of the comparison with peers.
made on our sustainability year for me is seeing the The use of the Global
We now offer journey over the past year. bottom-up and innovative Reporting Initiative Standards
healthier choice F&N’s vision is to be a stable ways in which F&N employees is essential for this, and
and sustainable Food & are finding solutions to we are also taking steps to
options in 14 out Beverage leader in the ASEAN environmental issues, such as progressively integrate the
of our 15 product region, and this report sets out
many of the ways in which we
water use and waste reduction.
Our “Green Carnivals” and
United Nation’s Sustainable
Development Goals (“SDGs”)
categories. deliver value and care for our “Waste to Wealth Campaign” into our reporting and strategy.
shared planet. have raised awareness of
environmental stewardship We are grateful for your
This report has been prepared and led to direct performance continued support, and hope
in accordance with the Global improvements. 2018 has that this report gives you an
Reporting Initiative Standards been designated as the “Year insight into F&N’s efforts to
(Core), which represent global of Climate Change” by the be a sustainability leader in
best practice in sustainability Singapore government and we ASEAN and beyond.
reporting. F&N is proud are determined to play our
03
FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
ABOUT THIS REPORT
WELCOME TO THE F&N 1. Delivering Value
SUSTAINABILITY REPORT 2018 a. Driving Economic Value
b. Empowering Our People
c. Enhancing Social Well-Being
F&N is proud to present This year, we have further 2. Managing our Impacts
its second SGX-compliant enhanced our reporting
sustainability report based on approach and have prepared a. Eco-Efficiency
the GRI framework. Since the the F&N Sustainability Report b. Responsible Supply Chain
delivery of its inaugural report 2018 in accordance with the c. Safety & Well-Being
in FY2017, we have continued GRI Standards ‘Core Option’.
the journey we outlined, REPORTING PERIOD AND SCOPE
focusing on putting ESG at Different from last year, This report contains data and practices relating to F&N’s
the centre of everything we the report is organised into key operations in:
do. This year has been one of two themes and six core areas:
significant change, progress • Singapore (F&B and Printing);
and achievement. • Malaysia (F&B and Printing); and
• Thailand (F&B)
The reporting period is from 1st October 2017 to
30th September 2018
Singapore Malaysia Thailand
F&N Foods Ptd Ltd (“FNFS”) Fraser & Neave Holdings Bhd Fraser & Neave Holdings
(“F&NHB”) Bhd (“F&NHB”)
F&N Creameries (S) Pte. Ltd. (“FNCS”) - F&N Beverages Manufacturing - F&N Dairies (Thailand)
Sdn Bhd (“F&NBM”) Limited (“F&NDT”)
Times Publishing Group - F&N Dairies Manufacturing
- Times Printers Pte Ltd (“TP”) Sdn Bhd (“F&NDM”) F&N United Limited
(“F&NUL”)
- F&N Beverages Marketing
Sdn Bhd
- Fraser & Neave (Malaya) Sdn Bhd
- Borneo Springs Sdn Bhd
F&N Creameries (M) Sdn Bhd
(“F&NCM”)
Times Publishing Group
- Times Offset (Malaysia)
Sdn Bhd (“TOM”)
04
BUILDING A SUSTAINABLE FUTURE
ASSURANCE POLICY We aim to obtain external
F&N’s policy is to align our assurance on our subsequent
reporting of non-financial sustainability reports.
information with the best and
most up-to-date standards We value and welcome
and protocols available at the feedback from our stakeholders
beginning of our financial as they help us to continuously
year. We believe in reporting improve our sustainability
against reliable data and strive approach, performance and
to improve the quality of our disclosure.
non-financial disclosures.
Contact
Us Please send your
comments and
suggestions to
sustainability@fngroup.com.sg
05
FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
ABOUT F&N 520M+ POTENTIAL CONSUMERS
Fraser and Neave, Limited (“F&N” or the “Group”) originated more than a century
ago from the spirited decisions of two enterprising young men, John Fraser and 13 F&B PRODUCTION FACILITIES
45+
David Neave, who diversified from their printing business to pioneer the aerated
water business in Southeast Asia (“SEA”) in 1883.
The entrepreneurial spirit, embodied by our founders, remains in today’s F&N.
WAREHOUSE FACILITIES
As a soft drink company, F&N seized the growth opportunities and ventured
into beer brewing business in 1931 in partnership with The Heineken Company
and built a very successful beer empire in Asia Pacific – through its joint venture 7,700+ EMPLOYEES
500+
company, Asia Pacific Breweries Limited (“APB”). In 1959, it entered the Dairies
business by forming a canned milk joint venture with Beatrice Foods of Chicago,
and in 2007, it acquired Nestle’s liquid canned milk business in Thailand, PRODUCTS
6
Malaysia, Singapore and Brunei, and accelerated its growth in the dairy business.
Today, F&N is the largest canned milk producer in SEA. In 1985, the Group
diversified into the Properties business. Starting with the redevelopment of its
soft drinks and brewery sites in Singapore, F&N soon grew its property arm –
COUNTRIES (S.E.A)
Frasers Centrepoint Limited (“FCL”, now known as Frasers Property Limited) to
become one of the leading property companies in Singapore with multi-national
businesses in residential, hospitality, retail, commercial and industrial properties. 1 F&N
In 2012, F&N divested its equity stake in APB to realise a substantial value for
shareholders. In 2014, the Group re-listed FCL on the Singapore Stock Exchange,
thereby realising its latent value.
Today, F&N is a leading Asia Pacific Consumer Group with expertise and
prominent standing in the Food & Beverage and Publishing & Printing industries.
Leveraging its strengths in marketing and distribution, research and development,
brands and financial management, as well as years of acquisition experience,
the Group provides key resources and sets strategic directions for its subsidiary
companies across both industries.
Listed on the Singapore stock exchange, F&N ranks as one of the most
established and successful companies in the region with an impressive array
of renowned brands that enjoy strong market leadership. F&N is present in
11 countries spanning Asia Pacific, Europe and the USA, and employs over
7,700 people worldwide.
Food & Beverage Publishing &
Division Printing Division
Non-Alcoholic
Beer
Division
South Africa
USA
Chile
CEO CEO CEO
Mr LEE Meng Tat Mr Edmond NEO Mr SIEW Peng Yim
06
BUILDING A SUSTAINABLE FUTURE
CONTRIBUTION BY SEGMENT
Profit Before
Revenue Interest & Taxation
$1,927m $213m
25% 60% 0% 108%
15% 0% -1% -7%
54 million
Attributable Profit Before
Fair Value Adjustment &
69 million
Exceptional Items Total Assets
96 million
$122m $4,491m
32 million
-9% 137% 10% 73%
-2% -26% 7% 10%
Legend:
Beverages Dairies Publishing & Printing Others
EMPLOYEE BREAKDOWN
Full Time Contract
267 million
6 million
6,500 1,200
23% 47% 30% 30% 67% 3%
Executive Non-Executive
*
Myanmar
Thailand
Malaysia
Singapore
Indonesia
Vietnam
China
Australia+
Hong Kong
2,400 5,300
Legend:
Manufacturing Plants Offices 30% 45% 25% 21% 52% 27%
Dairies Dairies Population
Source: Worldometers
Soft Drinks Soft Drinks
Beer Beer Legend:
Singapore Malaysia Others
Publishing & Printing Publishing & Printing
* Under construction
+
The Group owns ~7.8% of PMP Limited
07
FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
F&N BUSINESS MODEL
OUR STRATEGIC FOCUS
• WINNING WITH BRANDS
- Focus our resources on
and drive the growth of
brands that are in the
medium- to high-growth
segments and where F&N
has a right to win
PEO
• WINNING WITH PLE
INNOVATION
- Focus on offering new
products that appeal to
consumers T
EN
IN
• WINNING IN
TE
EM
MARKETPLACE
LLE
AG
- Focus on strengthening
WIDE RISK MAN
levers to execute a strong
CTU
go-to-market strategy that
GOVERNANCE
reduces cost and risk Delivering
• WINNING WITH PEOPLE AL
- Focus on attracting and Value for
retaining the talent we
need to achieve our Shareholders
CIAL
SE-
growth priorities
RI
AN
RP
FIN
TE
EN
OUR DISTINCTIVE
ASSETS
ER
• DYNAMIC BRAND O L D PS
EH SHI
PORTFOLIO STAK
ION
• EXCELLENT R&D
RELAT
CAPABILITIES
• STRONG TEAM
• MARKETPLACE
EXCELLENCE
• STRONG STRATEGIC
PARTNERS
08BUILDING A SUSTAINABLE FUTURE
Our business model enables us to be agile which has allowed us to react quickly to take advantage of opportunities and achieve
sustainable, long-term value creation for our stakeholders. Leveraging our key resources (People, Intellectual, Financial and
Stakeholder Relationships), we aim to deliver profitable growth by focusing on: 1) Winning with Brands, 2) Winning with Innovation,
3) Winning in Marketplace, and 4) Winning with People. In delivering on our promise, we are committed to protecting the
environment and will continue to contribute positively to our society, while managing operational risks of our businesses and
adhere to ethical principles of corporate governance.
F&N KEY RESOURCES VALUE ADDING ELEMENTS VALUE CREATED VALUE SHARED WITH
IN OUR CORE MARKETS WE CREATE VALUE FOR OUR
OF MALAYSIA, SINGAPORE STAKEHOLDERS BY MANAGING
AND THAILAND, AND DEPLOYING OUR RESOURCES
AND NEW MARKETS AND ASSETS EFFICIENTLY AND
PEOPLE EFFECTIVELY EMPLOYEES
Our People are our most
524 Fostering a culture of
$1,927
powerful resource continuous learning, career
MILLION development and reward for
consumers
MILLION our employees
REVENUE
Read more from pages 31 to 39
13
F&B
manufacturing
facilities
$213
MILLION
INTELLECTUAL PBIT
Our brands, processes Over CONSUMERS
and technology help
connect with the way our 500
F&B
Providing high-quality,
delicious products to meet
consumers live Our products consumers nutritional needs
products
are available
and flavours Read more from pages 26 to 27
in
120
and 78 to 83
Over +
250,000
F&B
COUNTRIES
outlets
FINANCIAL We employ STAKEHOLDERS
We are supported by our
strong business portfolio STRATEGIC PARTNERS
7,700+
PEOPLE
Managing our resources
effectively and responsibly to
which boasts strong liquidity in 11 countries create value and support job
and robust performance creation beyond our business
Read more from pages 52 to 67
NEW F&B
50+ products launched
in 2018
STAKEHOLDER COMMUNITIES
RELATIONSHIPS
We have built strong alliances
with customers, strategic
22
PRODUCT &
Giving back to local
communities through job
creation, useful products,
partners, employees, PROCESS social responsibility
investors and communities excellence programmes
awards
Read more from pages 26 to 27
and 40 to 51
09FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
OUR SUPPLY CHAIN
F&N uses different equipment and machinery as well as a range of raw
materials for the production of its beverages and, printer consumables for
printing. We engage with about 3,500 suppliers globally, including Malaysia,
Singapore, Thailand, Taiwan, India, Australia, New Zealand, the US and UK.
Our suppliers also provide us with materials used in our distribution and
retail operations. For the financial year under review, we spent an estimated
S$1.2 billion on products and services provided by our suppliers.
SOURCING PRODUCTION DISTRIBUTION MARKETING POST-CONSUMER
AND SALES PACKAGING
MANAGEMENT
We engage with about 3,500 suppliers globally
SOURCING PRODUCTION DISTRIBUTION MARKETING AND SALES POST-CONSUMER
We place emphasis on We have a standardised We have a fully integrated We place emphasis on PACKAGING
sourcing quality materials and safe production and extensive distribution responsible marketing and MANAGEMENT
from suppliers who have process that complies with system that ensures our sales practices, and take We minimise the impact
good environmental all relevant standards in products are distributed steps to engage consumers of post-consumer waste
and social performance. order to deliver high quality efficiently to all consumers. and customers through on the environment via
We also prioritise capacity products to consumers. Our focus is to minimise the various marketing activities. research and development
building of procurement The production process environmental and social Input from consumers to deliver innovative and
staff, encourage them optimises resource impacts from transportation and customers is used environment-friendly
to adhere to sustainable use, and considers the by managing our energy to improve our marketing packaging and labelling,
purchasing standards and environmental and social use, while enhancing the practices and enhance conducting carbon footprint
to practise good business impacts of waste, effluents safety of our personnel and our sustainability. assessments, and applying
ethics in all aspects of and emissions generated at local communities. the 5R principles of
their work. production stages. reduce, reuse, recycle,
rethink and reinvent.
10BUILDING A SUSTAINABLE FUTURE
OUR SUSTAINABILITY APPROACH
SUSTAINABILITY VISION must respond. To continue
AND FRAMEWORK delivering value to its • Delivering value through innovation, human
As the global context becomes stakeholders, F&N must root capital development and social collaboration;
increasingly defined by its activities in resilience and and
volatility and unpredictability, embrace the interconnections
prioritising sustainability it shares with its communities
• Managing our impacts and conduct business in
is no longer an option for and environment. It aims
a responsible manner.
businesses but the only to create a financially,
viable path. F&N recognises environmentally and socially
the range of emerging risks sustainable future for its
and challenges to which it business by:
F&N’s sustainability framework comprises six core areas.
Under the Delivering Value theme are: Under the Managing our Impacts theme are:
1) Economic Value; 1) Eco-Efficiency;
2) Empowering Our People; and 2) Responsible Supply Chain; and
3) Enhancing Social Well-Being. 3) Safety and Well-Being.
Vision
Our
To create a financially, environmentally,
and socially sustainable future for our business
Mission
To contribute to positive changes in society by improving the economic,
Our
environmental, and social well-being of the communities we operate in
Economic Social Environment
Pillars
Achieve business growth Enhance social being Mitigate environmental impact
Sustainable
Creation
Value
Delivering value through innovation, human Managing our impacts and conducting
capital development and social collaboration business in a responsible manner
Enhancing Responsible
Areas
Economic Empowering Safety and
Core
Social Eco-Efficiency Supply
Value Our People Well-Being
Well-Being Chain
11FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
OUR SUSTAINABILITY APPROACH
MANAGEMENT AND the Chief Executive Officer
GOVERNANCE STRUCTURE of Non-Alcoholic Beverages, F&N Board
F&N has set up a dynamic Mr Lee Meng Tat, and staffed
team to implement, execute by employees of key functions,
and monitor policies regions and levels. The SDC Sustainability and Risk
and procedures across provides general direction and Management Committee
the organisation. The monitors the progress of F&N’s
responsibility for steering sustainability reporting project. Sustainability
and aligning company-wide Development Committee
sustainability strategy is with In FY2018, the SDC convened
the Sustainability and Risk on sustainability matters four
times and the SRMC two times. Sustainability Development
Management Committee
The SDC provided inputs and Working Team
(“SRMC”) at the Board level.
The SRMC is supported by comments which have been
Sustainability Development incorporated to strengthen our Sustainability Reporting
Committee (“SDC”), chaired by sustainability agenda. Secretariat
Pillar Heads and Sustainability
Initiatives Champions
Sustainability Data Owners
SUSTAINABILITY DEVELOPMENT COMMITTEE
Lee Meng Tat (Chairman) Lai Kah Shen
Chief Executive Officer, Financial Controller (F&B Division), F&N
Non-Alcoholic Beverages (NAB), F&N
Dr Yap Peng Kang
Lim Yew Hoe Head, Research and Development, F&N
Chief Executive Officer, F&NHB
Jennifer See
Siew Peng Yim General Manager, Singapore and Indonesia, FNFS
Chief Executive Officer, Times Publishing Group
Waradej Patpitak
Hui Choon Kit First Vice-President, Manufacturing, F&NHB
Chief Financial Officer & Group Company Secretary, F&N
Rommel Fuentebella
Josephine Woo Vice-President Marketing, Isotonic/CSD/Water/Tea, F&N
First Vice-President, Group Human Capital, F&N
Pillar Heads in Sustainability Development Working Team
12BUILDING A SUSTAINABLE FUTURE
KEY STAKEHOLDERS’ ENGAGEMENT
F&N strives to build and maintain strong relationships based on trust and respect with our eight key stakeholder groups, namely
employees, suppliers, customers, investment community, consumers, regulators, non-governmental organisations (“NGOs”) and
local communities.
It utilises various platforms for appropriate stakeholder engagement across these eight categories, to ensure that our stakeholders are
given the opportunity to voice their demands, opinions, concerns and suggestions, as shown in the table below.
Information received via these channels feeds into our planning and strategy for sustainable value creation.
Engagement Channel Issues Raised Actions Taken
Employees
• Biannual employee engagement survey • Engagement with employees Refer to:
• Robust compensation and benefits • Learning & development opportunities • Section on Talent Management
framework • Equitable rewards & recognition (pg. 32-39)
• Annual CEO town hall/roadshow • Safe and healthy work environment • Section on Occupational Health and
• Annual gatherings Safety (pg. 74-77)
• Communique, iConnect (intranet),
F&N Digest (biannual newsletter),
email news highlights, quarterly CEO
messages
Suppliers
• Supplier meetings • Fair & robust procurement system Refer to:
• Annual audits • Support of local businesses • Section on Sustainable Sourcing
• Tender management system • Social & environmental responsibility (pg. 69-72)
Investment Community
• Annual general meetings • Transparency in disclosure Refer to:
• Face-to-face meetings & • Business/financial performance • Message from Chairman of SDC
conference calls • Disclosure on relevant information to (pg. 03)
• Office/plant visits shareholders • About This Report (pg. 04-05)
• Investor Day • Section on Economic performance
• Website and SGXNET announcements, (pg. 23)
presentations, press releases
• Annual reports
Distributors & Trade Customers
• Annual customer meetings • Latest consumer & shopper trends Refer to:
• Annual factory visits • Product innovation • Message from Chairman of SDC
• Annual business planning • Customer relationship management (pg. 03)
• Business development activities • Shopper loyalty programmes • Section on Innovation (pg. 24-30)
• Joint supply chain meetings • Improving customer service level
• Quarterly business reviews • Strategic business development
• Customer appreciation events • Business practices & ethics
• Competitive operational system
• Efficient delivery system
Consumers
• Marketing & sales promotions • Product quality & safety Refer to:
• Brand communication through • Consumer health & safety • Section on Innovation (pg. 24-30)
advertising • Fair & reasonable product pricing • Section on Consumer Health and Safety
• Social media interaction • Social & community engagement (pg. 78-81)
• On-ground events & activities • Environment-friendly packaging • Section on Health and Nutrition
• Dedicated consumer hotline (pg. 50-51)
• Section on Product and Service
Labelling (pg. 82-83)
13FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
OUR SUSTAINABILITY APPROACH
Engagement Channel Issues Raised Actions Taken
Regulators
• Active participation in industry • Tax transparency Refer to:
collaborations e.g. Singapore’s Health • Social & environmental responsibility • Section on Consumer Health and Safety
Promotion Board (“HPB”). Federation • Fair & legal labour practices (pg. 78-81)
of Malaysian Manufacturers • Safety at work • Section on Health and Nutrition
• Meetings with government agencies • Compliance with laws & regulations (pg. 50-51)
and statutory bodies • Water & waste management • Section on Product and Service
• Environment friendly labelling & Labelling (pg. 82-83)
packaging • Section on Creating Value for Society
• Greenhouse gas emissions (“GHG”) (pg. 41-49)
• Section on Water Stewardship
(pg. 54-56)
• Section on Effluents & Waste
(pg. 57-60)
• Section on Packaging (pg. 61-62)
• Section on Energy & Climate Change
(pg. 63-67)
• Section on Talent Management
(pg. 32-39)
• Section on Occupational Health and
Safety (pg. 74-77)
Communities
• Collaboration & partnership • Consumer health & safety Refer to:
• Outreach programmes • Social & environmental responsibility • Section on Consumer Health and Safety
• Meetings with community • GHG emissions (pg. 78-81)
representatives • Job opportunities for locals • Section on Health and Nutrition
• Leadership programmes • Promotion of good health & quality (pg. 50-51)
• Sponsorship of sporting events of life • Section on Product and Service
• Donation of food and beverages to the • Skills development in sports & Labelling (pg. 82-83)
less privileged and elderly leadership • Section on Creating Value for Society
• Stimulating local economies (pg. 41-49)
• Section on Water Stewardship
(pg. 54-56)
• Section on Effluents & Waste
(pg. 57-60)
• Section on Packaging (pg. 61-62)
• Section on Energy & Climate Change
(pg. 63-67)
• Section on Talent Management
(pg. 32-39)
• Section on Market Presence (pg. 39)
14BUILDING A SUSTAINABLE FUTURE
OUR MATERIAL ISSUES
We undertook our first materiality assessment in January 2017 to identify, prioritise, validate and review relevant sustainability issues.
Facilitated by an independent sustainability consultant, the exercise involved key internal stakeholders, including the SDC, to identify,
prioritise and validate ESG factors that are material to F&N’s business operations and of significant interest to our stakeholders.
This year, the SDC reviewed and revalidated the material ESG factors.
Step 1: Step 2: Step 3:
IDENTIFICATION PRIORITISATION VALIDATION
Preliminary issues were identified To provide weightage to the Based on outcome of the
based on a comparative analysis material issues identified in workshop, we were able to plot
conducted of peer companies Step 1, they were reviewed by a preliminary materiality matrix,
and industry best practices in our CEOs, heads of department which was then validated by the
sustainability. These issues were and directors. This allowed us SDC and the Board. The next
discussed with the SDC to distil to prioritise the issues according step in this process involves
those that were relevant to F&N. to how likely they are to impact obtaining feedback on this report
Subsequently, employees were our business and the extent to from stakeholders. This feedback
surveyed to obtain their views which they are likely to impact will be used to develop next
on material issues. From these our sustainability. Their level of year’s sustainability report.
sessions and survey, we crafted importance was thus plotted –
a list of key issues, opportunities from moderate to high.
and challenges facing F&N.
F&N’s SDC revisited the 15 material issues identified last year and confirmed that these topics remain important. The major change
this year is the increased importance of Talent Management to the business.
The following matrix depicts 15 issues that are seen to be of importance to both F&N and our stakeholders. We have focused on these
material issues in this report.
High
Consumer Health and Safety
Water Stewardship
Economic Performance
Occupational Health and Safety
Importance to stakeholders
Effluents and Waste
Energy and Climate Change
Innovation
Creating Value for Society Health and Nutrition
Packaging Sustainable Sourcing
Market Presence
Product and Service Labelling
Talent Management
Route Planning
Moderate Importance to business High
15FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
OUR SUSTAINABILITY APPROACH
MATERIAL ISSUES Boundaries
Communities
Community
Investment
Consumers
Employees
Regulators
Customers
Suppliers
Material Topic SDG(s)
M01 Economic Performance
We are committed to creating direct • • • •
economic value for our shareholders
through the generation of profits and
for our employees through stable
employment.
GRI 201-1 Economic Performance
M02 Innovation
We invest in product and process • • • •
innovation to increase our product range
and improve efficiency and productivity.
Innovation is critical not only for long-term
business success but also in response
to growing concerns on social and
environmental issues.
M03 Sustainable Sourcing
We promote sustainable and responsible • • •
procurement and sourcing via a risk
management and supplier selection that
is integrated with ESG factors, as well as a
focus towards local sourcing to contribute
to local employment when possible.
GRI 204-1 Procurement Practices
M04 Talent Management
We recruit the best talent, train them, • • •
and keep them motivated via career
development goals and reviews.
GRI 401-1, 401-2 Employment;
GRI 404-1,
404-2 Training and Education
M05 Market Presence
We contribute to the economic • •
development in the local communities in
which we operate by hiring locally and
providing our employees attractive salaries
and comprehensive benefit packages.
GRI 202-2 Market Presence
16BUILDING A SUSTAINABLE FUTURE
MATERIAL ISSUES Boundaries
Communities
Community
Investment
Consumers
Employees
Regulators
Customers
Suppliers
Material Topic SDG(s)
M06 Occupational Health and Safety
Our Health and Safety Management • •
Plan complies with relevant laws and
regulations. It is supported by appropriate
policies and programmes to safeguard the
health and safety of our people at all times.
GRI 403-2 Occupational Health and Safety
M07 Consumer Health and Safety
We are committed to producing beverages • • • •
of the highest quality that are safe,
and which address health concerns.
Our products comply with relevant
standards across their entire life cycle.
GRI 416-1, 416-2 Customer Health
and Safety
M08 Health and Nutrition
We promote healthy lifestyles and the • • • •
consumption of nutrition products in line
with consumer needs.
M09 Product and Service Labelling
We provide accessible and adequate • • •
information on our products and services
in line with relevant laws and regulations.
This helps consumers make informed
purchasing choices.
GRI 417-1, 417-2 Marketing and Labelling
M10 Creating Value for Society
We strive to create a positive impact • • •
on local communities through social
development projects focused on
strengthening vulnerable groups with
education and basic needs, supporting
sports and active lifestyles, promoting
environmental consciousness and
sponsoring festive celebrations.
GRI 413-1 Local Communities
17FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
OUR SUSTAINABILITY APPROACH
MATERIAL ISSUES Boundaries
Communities
Community
Investment
Consumers
Employees
Regulators
Customers
Suppliers
Material Topic SDG(s)
M11 Water Stewardship
We seek to use water efficiently across the • • • • •
value chain and employ water resource
risk management to ensure that our
activities do not threaten water resource in
the long term for both our own operations
and our local communities.
GRI 303-1, 303-3 Water
M12 Effluents and Waste
We comply with international and • • •
national standards in effluents and waste
management. These include actions to
minimise waste in the production process.
GRI 306-1 Effluents and Waste
M13 Energy and Climate Change
We curb our contribution to climate change • • •
by managing our GHG emissions from
our production processes and transport.
This includes creating greater energy
efficiencies in our operations and using as
much renewable energy as possible.
GRI 302-1, 302-3 Energy
GRI 305-1, 305-2, 305-4 Emissions
M14 Route Planning
Optimising our routes to market, including • • • •
the transfer of products, goods and
materials as well as employees, serves to
reduce our carbon emissions, minimise
costs, and improve efficiencies.
M15 Packaging
We use innovative packaging to meet • • • • •
consumers’ demand and seek out
innovative processes to reduce post-
consumption waste.
18BUILDING A SUSTAINABLE FUTURE
OUR COMMITMENTS
Delivering value through social collaboration, Managing impacts and conducting business in a
human capital development and innovation responsible manner
I. Economic Value IV. Eco-Efficiency
1. M01 Economic Performance: We are committed to 7. M11 Water Stewardship: We seek to use water
creating direct economic value for our shareholders efficiently across the value chain and employ water
through the generation of profits, which will also benefit resources risk management to ensure sufficient water
our employees in the form of salaries and benefits. for our production purposes.
2. M02 Innovation: We invest in product and process 8. M12 Effluents and Waste: We comply with
innovation to increase our product range and improve international and national standards in effluents and
efficiency and productivity. Innovation is critical not only for waste management. These include actions to minimise
long-term business success but also in response to growing waste in the production process and post consumption.
concerns on health, social and environmental issues.
9. M15 Packaging: We use innovative packaging
to minimise our environmental impact and meet
consumers’ demands.
II. Empowering Our People 10. M13 Energy and Climate Change: We curb our
contribution to climate change by managing our GHG
3. M04 Talent Management (Empowering Growth): emissions from our production processes and transport.
We recruit the best talent, train them, and keep them This includes creating greater energy efficiencies in our
motivated via career development goals and reviews. operations and exploring the use of renewable energy
where possible.
4. M05 Market Presence: We contribute to the economic
well-being of employees by paying them attractive
salaries. We recruit senior management from local
communities wherever possible.
V. Responsible Supply Chain
11. M03 Sustainable Sourcing: We promote sustainable
and responsible procurement and sourcing via sourcing
III. Enhancing Social Well-Being risks management, supplier selection and local sourcing.
5. M10 Creating Value for Society: We strive to create
12. M14 Route Planning (Transportation): Optimising our
a positive impact on local communities through social
development projects. routes to market, including the transfer of products,
goods and materials as well as employees, serves to
6. M08 Health & Nutrition (Advocating Active Lifestyle, reduce our carbon emissions, minimise costs and
Sports Development): We promote healthy lifestyles improve efficiencies.
and the consumption of nutritious products in line with
consumer needs.
VI. Safety and Well-Being
13. M06 Occupational Health and Safety: Our health and
safety management plan complies with relevant laws
and regulations. It is supported by appropriate policies
and programmes to safeguard the health and safety of
our people at all times.
14. M07 Consumer Health and Safety: We are committed to
producing beverages of the highest quality that are safe
and which address health concerns. Our products comply
with relevant standards across their entire life cycle.
15. M09 Product and Service Labelling: We provide
accessible and adequate information on our products
and services in line with relevant laws and regulations.
This helps consumers make informed purchasing
choices.
19FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
OUR 2020 TARGETS AND PROGRESS
As part of our commitment to sustainability, we have established nine key performance targets in 2017 for the entire F&N Group
including Singapore, Malaysia and Thailand, based on the high priority material issues identified. These medium-term performance
targets are set to be achieved by 2020.
Recognising the importance placed on climate change, a new target to reduce our greenhouse gas intensity has been added this year,
as part of our commitment in the global call-to-action on Energy & Climate Change management.
1. M03 Sustainable Sourcing: The Group has set a target to 3. M06 Occupational Health and Safety: To reduce the Group
purchase 100% RSPO credits for our palm oil usage by 2020. Lost Time Injury Frequency Rate (“LTIFR”) to Zero by 2020.
(Updated target from SR2017)
Interim Target: Purchase RSPO credits for 30% of our palm
oil usage by 2018.
RSPO CREDITS GROUP LOST TIME INJURY FREQUENCY RATE
(REPORTED INJURY CASES/MILLION HOURS)
5,000 5,000 2.95
2.43
3,600 3,600
0
2018 Target 2018 Target 2017 2018 Target
Malaysia Thailand
* 2017 data does not contain data from F&NCM as they only implemented the
system to record workplace accidents in Apr 2018
2. M04 Talent Management: The Group has set a target 4. M11 Water Stewardship: We intend to reduce the water
of providing an average of at least 12 training hours per intensity ratio at our plants across the Group by 5% from
employee per year by 2020. 2017 by 2020.
AVERAGE TRAINING HOURS PER EMPLOYEE ACROSS THE GROUP GROUP WATER INTENSITY RATIO (m3/MT)
14.77 2.66
12.63 12.00 2.53
2.27
2017 2018 Target 2017 2018 Target
20BUILDING A SUSTAINABLE FUTURE
5. M12 Effluents and Waste: The Group has set to reduce 7. M13 Energy and Climate Change: We target to reduce the
solid waste intensity ratio by 5% from 2017 by 2020. Group’s GHG emissions ratio by 5% between 2017 and
(Updated target from SR2017 to measure a different aspect 2020. (New target to reinforce our commitment regarding
from Water Stewardship) Climate Change)
GROUP SOLID WASTE INTENSITY RATIO (kg/MT) GROUP GHG EMISSIONS INTENSITY RATIO (MTCO2e /MT)
21.53 0.0823 0.0818
20.41 20.45 0.0782
2017 2018 Target 2017 2018 Target
6. M13 Energy and Climate Change: We target to reduce 8. M02 Innovation: To invest in product and process
the Group’s energy intensity ratio by 5% between 2017 innovation to expand our offering of nutritious products and
and 2020. improve efficiency and productivity.
Please refer to the section on Innovation (pg. 24-30) for
GROUP ENERGY INTENSITY RATIO (MJ/MT) more info on the innovative projects implemented to
improve productivity and efficiency and enhance our
1,007.07
range of products.
1,000.06 956.72
9. M07 Consumer Health and Safety: We will offer at least one
healthier choice option in all our product categories by 2020.
393.29 391.61 373.63
We have healthier alternate products for 14 of the 15 (93%)
product categories.
613.78 608.45 583.09 10. M10 Creating Value for Society: We will continue to provide
outreach and engagement programmes across Singapore,
Malaysia and Thailand by exploring and implementing
2017 2018 Target appropriate outreach programmes to address community
needs.
Purchased energy (Electricity) ratio
Non-Renewable energy (LPG, Natural Gas, Diesel, Fuel Oil) ratio Please refer to the section on Creating Value for Society
(pg. 41-49) for more info on our various projects across
Singapore, Malaysia and Thailand.
21FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
DELIVERING VALUE THROUGH SOCIAL
COLLABORATION, HUMAN CAPITAL
DEVELOPMENT AND INNOVATION
ECONOMIC VALUE
F&N strives to deliver sustainable long-term
value for its stakeholders. We are achieving
this by maintaining leadership positions in
our core markets. We are investing in our
brands positions, leveraging on innovative
technologies and our employees’ expertise to
improve existing and roll out new products
that are delicious and of high-quality that
meet the nutritional needs of our consumers.
This section presents a In the Innovation section,
snapshot of our economic we share our approach to
performance, which provides ensuring our brands stay
us with a firm foundation relevant to consumers, through
to continue delivering the improving existing products
products that our consumers and introducing new products
love. F&N’s contribution to and packaging. Each year we
economic development in the become increasingly more
local communities where we aware of how we can innovate
operate is highlighted in the to maximise positive impacts -
Market Presence section. and minimise negative impacts
- of our products and processes,
and in this section, we
highlight the initiatives we are
implementing to achieve this.
Material issues covered SDGs mapped to
1. M01 Economic Performance
GRI 201-1 Economic Performance
2. M02 Innovation
22BUILDING A SUSTAINABLE FUTURE
ECONOMIC PERFORMANCE
Our economic performance is managed as part of our business strategy. For a more in-depth
discussion, please refer to our Annual Report.
DIVIDEND COST OF SALES
Others
S$65m S$65m S$1,237m S$1,254m
5%
Singapore
Thailand 24%
32%
S$1,927m 2017 2018 2017 2018
FY2018 REVENUE
EMPLOYEE BENEFIT EXPENSES1 TAXATION
S$279m S$275m S$20m
Malaysia
S$15m
39%
2017 2018 2017 2018
Others
6%
Singapore PROFIT AFTER TAX ECONOMIC VALUE RETAINED3
Thailand 25%
31% S$1,326m2 S$303m S$312m
S$1,898m
FY2017 REVENUE
S$179m
Malaysia
38%
2017 2018 2017 2018
Notes:
1 Employee Benefit Expenses comprises Staff Costs, Employee Shared Based Expenses Defined Contribution Plans and Defined Benefit Plans
2 2017 Profit After Tax included a S$1.2m fair value gain recognised when the Group first equity accounted for its share of Vinamilk profits in April 2017
3 Economic value retained = Direct economic value generated (Revenue) less Economic value distributed (Cost of Sales, Employee Benefit Expenses, Taxation, Dividend).
Community investments are not included
23FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
ECONOMIC VALUE
INNOVATION
Innovation is central to our business, and central to maintaining
sustainable value creation. This is as true now as at any point
TARGET:
in our 135-year history. We are continuously leveraging on
To invest in product and
innovation to deliver value through new and unique product
process innovation to
offerings to meet consumers’ evolving needs toward healthier
expand our offering of
beverage choices, convenience and affordability. Through
nutritious products and
innovation we also improve the operational efficiency of our
improve efficiency and
manufacturing processes and better manage our impacts on
productivity
the environment.
Our Approach • Innovation & creation of products and
Our R&D unit, based in 1. packaging based on sensory science
Singapore with teams in Innovation & (a scientific method of measuring and
Malaysia and Thailand, creation interpreting consumers’ response to
drives the creation of great prototypes/products based on the
new products that our senses of taste, smell and touch).
consumers love. The unit also 5. Our research 2.
leads efforts for continuous Quality and development Scientific • Scientific advances for application
improvements to our products are guided by advances in our processes and products.
manufacturing and logistical the following
processes. In this section, five principles: • Technical developments that support
we share our approach quality improvement and cost
and FY2018 highlights of 4 3. optimisation.
delivering consumer-based Regulatory Technical
innovation, enhancing process compliance developments • Regulatory compliance of our local
innovation and encouraging and export business.
employee-driven innovation.
• Quality products that meet food safety
standards.
Our Innovative Framework
Priority Areas External Collaboration Innovation Culture
Continuous improvement to deliver high- Collaborate with authorities such as Develop products based on scientific
quality innovative beverage products to Singapore’s Health Promotion Board research, consumer insights and tastes
consumers. (HPB), Agri-Food & Veterinary Authority relevant to evolving Asian lifestyles.
(AVA), Ministry of Health, Federation of
More new products to expand our target Malaysian Manufacturers (FMM) and Constantly refine our products to meet the
consumer groups. Thailand’s Food and Drug Administration changing needs of consumers and ensure
(FDA) to adhere to food safety regulations consistent delivery of good taste and the
and support national health priorities. right nutritional values.
Collaborate with research institutes
to access cutting-edge research and
scientific studies to discern the efficacy
of our products.
24BUILDING A SUSTAINABLE FUTURE
Consumer-Focused Innovation We draw upon local knowledge
At F&N, we continuously of consumer preferences to
deliver new and unique develop products that meet
product offerings while our customers’ needs. Our new
focusing on meeting products are thoroughly tested
consumers’ evolving needs before they reach the shelves We continuously deliver new and
toward healthier choices, to ensure that they are safe unique product offerings while focusing
flexibility and affordability. for our consumers and of the
We strive to continue to highest quality. on meeting consumers’ evolving needs
deliver our “Pure Enjoyment,
Pure Goodness” promise to New products launched during
toward healthier choices.
our consumers by offering FY2018 provided our customers
healthier options and with healthier options while
more convenience without the improved packaging cater
compromising on taste. to the various occasions and
needs of our consumers.
NEW
products in FY2018
Singapore Malaysia
• F&N Sarsi Zero (H) • 100PLUS Reduced Sugar (H)
• F&N Orange Zero (H) • 100PLUS Blackcurrant (H)
• F&N Lychee Pear (H) (Limited Edition) • 100PLUS ACTIVE Powder
• F&N MAGNOLIA Plus Lo-Fat Hi-Cal UHT Milk • F&N ICE MOUNTAIN Drinking Water (H)
with Oats (H) • F&N Lemon Lime Sparkling Drink
• 100PLUS Zero Sugar (H) • F&N SEASONS Juice – Mango, Apple, Lychee and Orange
• F&N NUTRIWELL Snow Pear with Red Dates (H)
• F&N NUTRISOY with Walnuts (H)
• F&N SEASONS White Chrysanthemum Tea No Sugar (H)
• F&N FRUIT TREE Fresh Apple & Aloe Vera 50% Less
Sugar & Calories Juice (H) Thailand
• F&N FRUIT TREE Fresh Orange 50% Less Sugar & • CARNATION Plus Sweetened Condensed Milk
Calories Juice (H) • F&N MAGNOLIA Barista 100% Pasteurised Milk
(H) – Healthier option
Healthier Options
We invest heavily in the development of healthier products. Our R&D labs were established to develop products that are both
nutritious and delicious. Our R&D team also constantly seeks to innovate to find the best solutions for our customers. One of our
main focus area is reducing sugar content in our beverages. This year we continued to make strong progress year-on-year: in 2004,
our beverages contained on average 8.7g of sugar per 100ml and this has fallen by 31% to 6.0g/100ml in 2018.
31%
2011 We invest
2004
8.7g/100ml
7.3g/100ml 2018 heavily in the
6.0g/100ml
development
of healthier
We are committed to reducing added products.
sugar in our products.
25FRASER AND NEAVE, LIMITED & SUBSIDIARY COMPANIES
SUSTAINABILITY REPORT 2018
ECONOMIC VALUE
We launched ten new products in Singapore in FY2018, each of which was awarded the
Healthier Choice Symbol (“HCS”) by the Health Promotion Board (“HPB”).
1 F&N Sarsi Zero and and it is recognised to have 4 F&N SEASONS traditional ingredient used by
F&N Orange Zero: cholesterol-lowering properties White Chrysanthemum generations for over 3,000
The same great taste as the and helping to care for the Tea No Sugar years and are recognised for
regular range, an all-time heart. Regular intake of is unsweetened, with no sugar health benefits and antioxidant
favourite, F&N Orange and oats is also connected to and contains no artificial properties. Freshly brewed for
F&N Sarsi, minus the sugar. improvements in gut health flavouring, preservatives and wellness within, it has 25%
and satisfies hunger due to its colouring. less sugar and is certified
F&N Lychee Pear: high fibre content. ‘Healthier Choice’ by the HPB.
A unique combination of 5 100PLUS
flavours, the limited-edition 3 F&N NUTRISOY Zero Sugar: 7 F&N FRUIT TREE Fresh
F&N Lychee Pear is the perfect with Walnuts: the latest addition to the Apple & Aloe Vera 50%
drink to pair with traditional F&N NUTRISOY welcomes 100PLUS range of drinks serves Less Sugar & Calories Juice
celebratory dishes. a new variant to its range of up a thirst-quenching electrolyte is ranked the lowest sugar
Healthier Choice soya milk drink. 100PLUS Zero Sugar apple juice drink in Singapore.
2 F&N MAGNOLIA drinks - F&N NUTRISOY offers zero calories in a daily In addition, this new 50%
Plus Lo-Fat Hi-Cal with Walnuts is calcium- functional electrolyte drink that less Sugar and Calories juice
UHT Milk with Oats rich, cholesterol free, low in is both refreshing and delightful. range also carries the HCS by
is higher in calcium and lower Glycaemic Index and low in The electrolytes in 100PLUS the HPB and taste as great as
in saturated fat than regular sugar and saturated fat. It is Zero Sugar replenish minerals the regular ones. These juices
milk. In addition to carrying also a good source of protein, such as sodium and potassium. are high in Vitamin C, making
the HCS, the new variant Omega-3 and Vitamin E. them the healthier choice
is also halal certified. Rich In addition to carrying the 6 F&N NUTRIWELL Snow for all who want a boost of
in dietary fibres, minerals HCS, our F&N NUTRISOY Pear with Red Dates: antioxidants. Just 2 servings
and vitamins, oats have range is halal-certified and F&N NUTRIWELL’s latest of these juices deliver 100%
long been associated with suitable for vegetarians. addition is freshly brewed with of the Recommended Dietary
health benefits. For example, It is also supported by the natural ingredients to restore Allowances (“RDA”) of Vitamin
beta-glucan contributes to a Singapore Heart Foundation balance in the body. Red Dates, C to help maintain the immune
decrease in blood pressure as a heart-friendly drink. also known as jujube, is a system. The F&N FRUIT TREE
5
2
4
1
3
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