FRASER & NEAVE HOLDINGS BHD
Malaysia | 3689.KL | Main
Reference
Report Year: 2024
Source Files: FNHB_Sustainability_Report_2024_(Part_1).pdf, FNHB_Annual_Report_2024_(Part_1).pdf, FNHB_Sustainability_Report_2024_(Part_2).pdf, FNHB_Annual_Report_2024_(Part_2).pdf
Sustainability Committee
Sustainability Committee (Members Unknown) 🟢
- Quarterly SRMC meetings 🟢
- Ad-hoc SMC meetings 🟢
Reporting
GRI 🟢, TCFD 🟢, Separated Report 🟢
GHG Accounting
FRASER & NEAVE HOLDINGS BHD demonstrates a comprehensive approach to GHG accounting with detailed reporting of Scope 1 (27,926 tCO₂e), Scope 2 (28,299 tCO₂e), and Scope 3 (824,948 tCO₂e) emissions for 2024, using a 2020 baseline. Strengths include alignment with TCFD recommendations ahead of regulatory timelines and partial third-party verification of safety, health, and environmental indicators by LRQA. The carbon intensity of 0.061 tCO₂e/MT reflects operational efficiency. However, improvements are needed in specifying GWP basis and GHG standards (e.g., GHG Protocol or ISO 14064) for transparency. Additionally, full verification of all emission scopes would enhance credibility. Overall, F&N's proactive climate risk assessments and internal carbon pricing initiatives position it well, though clearer methodological details are essential for robust reporting.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | 27,926 tCO₂e 🟢 | |
| Scope2 | 28,299 tCO₂e 🟢 | |
| Scope3 | 824,948 tCO₂e 🟢 | |
| Biogenic emissions | Not applicable → | No biomass or biofuel usage reported for energy production. |
Other Details
- Base year: 2020
- Boundary inventory: Operational control across Malaysia and Thailand plants
- Gwp basis: Not specified
- Standard: Not specified
- Data collection approach: Primary data from operational units
- Third party verification: Partially verified (SHE indicators by LRQA) 🟢
- Carbon intensity: 0.061 tCO₂e/MT, partially verified 🟢
Efforts
- 4% GHG intensity reduction 🟢
- 54% waste reduction (545 MT) 🟢
- 6.38 MWp solar panels 🌞
- 25% recycled packaging 🌱
Social Highlights
- >500,000 beneficiaries impacted 🥗
- >500,000 milk cups to schools 🥗
- Hydration support during heatwave 🥗
- 54 students trained (ICDL) 🥗
- 460 employees in tree planting 🥗
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable effort by FRASER & NEAVE HOLDINGS BHD in producing a detailed sustainability report for 2024 🟢. The report excels with quantifiable actions such as a 4% reduction in GHG intensity, 54% reduction in landfill waste, and installation of 6.38 MWp solar panels, supported by partial third-party verification by LRQA. Measurable outcomes are evident in community impacts (e.g., over 500,000 beneficiaries) and environmental metrics. The alignment with TCFD and GRI frameworks ahead of deadlines shows proactive commitment. However, gaps remain with generic statements on future plans lacking specificity (e.g., 'enhancing sustainability strategy') ⚠️. Forward-looking commitments like net-zero targets are not clearly defined. To improve, F&N could incorporate full third-party verification of GHG data, specify GHG accounting standards, and provide detailed timelines for future goals. Overall, the report provides a solid foundation but could benefit from greater depth in strategic forecasting and methodological transparency.
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