Fraser & Neave

Food, beverages and publishing

Sold its 40% of Asia Pacific Breweries to Heineken in 2012. Has operations in 20 countries. ThaiBev increased its stake in Fraser & Neave from 28% to almost 70% in 2024.

Overall

Owned THA

Rating

About the Ratings

Company Ownership

Fraser & Neave Ltd

SGP

Thai Beverage Plc

owns 70% of Fraser & Neave Ltd

THA

Alcoholic beverages

Thailand's largest and one of Southeast Asia's largest beverage companies.

Company Assessment

(Last updated Jan 2026)

Praise Criticism Information

Fraser & Neave Ltd

Praise

Palm oil scorecard - WWF

The 2024 WWF Palm Oil Buyers Scorecard evaluates the progress and performance of 285 major retailers and manufacturer companies, focusing on actions companies have taken to ensure their own palm oil supply chain is sustainable and free of deforestation, natural ecosystem conversion, and human rights abuse. This company is rated 'well on path' with a score of 18.89 out of a possible total of 24.

Source: WWF Palm Oil Scorecard (2024)

Information

Previous involvement with Burma

This company owned a majority stake in Myanmar Brewery. The brewery operated as a joint venture with a state-owned enterprise and generated significant income for the oppressive Burmese regime (which ended in 2011). Kirin acquired the 55% stake from Fraser & Neave in 2015.

Source: news article (2015)

Medium ESG Risk

Sustainalytics, a top ESG research firm, evaluates environmental, social, and governance risks for over 16,000 companies. Its ESG Risk Rating reflects how much risk a company faces in its industry and how well it manages those risks. The final score includes both unmanaged and unmanageable risks, and companies are rated on a scale from negligible (0-10) to severe (40+). This company received an ESG Risk Rating of 20.5, placing it in the "medium risk" category (retrieved April 2025).

Source: Sustainalytics (2025)

Thai Beverage Plc

Praise

CDP Climate Change score of A

In 2024, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A.

Source: CDP (2024)

CDP Water Security score of A

In 2024, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of A.

Source: CDP (2024)

Low ESG Risk

Sustainalytics, a top ESG research firm, evaluates environmental, social, and governance risks for over 16,000 companies. Its ESG Risk Rating reflects how much risk a company faces in its industry and how well it manages those risks. The final score includes both unmanaged and unmanageable risks, and companies are rated on a scale from negligible (0-10) to severe (40+). This company received an ESG Risk Rating of 20, placing it in the "low risk" category (retrieved April 2025).

Source: Sustainalytics (2025)

Criticism

14% in Gender Benchmark

In 2023 and 2024, the World Benchmarking Alliance assessed 2,000 companies on their efforts to drive gender equality and women's empowerment across their entire value chain. Companies are assessed on governance and strategy, representation, compensation and benefits, health and well-being, and violence and harassment. This company scored 14 out of 100. The average score was 15.3 and the highest score was 51.

Source: World Benchmarking Alliance (2023)

20.8% in Social Benchmark

The 2026 Social Benchmark assessed the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company received a score of 20.8/100. The average score was 20 and the highest score was 75.

Source: World Benchmarking Alliance (2026)

22.9% in Nature Benchmark

The 2026 Nature Benchmark assessed 750 companies from high-impact industries on their efforts to advance a nature-positive future by cutting damaging practices across their operations and supply chains, and by actively restoring and improving ecosystems. Companies are assessed across four measurement areas: Governance, Planet, People and Core social indicators. This company received a score of 22.9/100. The average score was 17.3 and the highest score was 56.4.

Source: World Benchmarking Alliance (2026)

19.8/100 in Food and Agriculture Benchmark

The 2026 Food and Agriculture Benchmark assessed 350 companies from the food and agriculture value chain on their contributions to healthy, sustainable, and inclusive food systems. Companies are assessed across four measurement areas: Healthy food systems, Sustainable food systems, Inclusive food systems and Governance. This company received a score of 19.8/100. The average score was 15.5 and the highest score was 61.2.

Source: World Benchmarking Alliance (2026)

Information