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 C
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 Apr 2025)
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.
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.
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).
Thai Beverage Plc
Praise
CDP Climate Change score of A-
In 2023, 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 (2023)
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).
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.
Information
Sustainability claims
This company has an extensive sustainability section on its website.
9.5/20 in Social Benchmark
The 2024 Social Benchmark assesses 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 was assessed in 2023 and received a score of 9.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
25% in Food and Agriculture Benchmark
The 2023 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #89/350, with a total score of 25/100.
26.5% in Nature Benchmark
The Nature Benchmark ranks 816 companies across 20 industries on their efforts to protect our environment and its biodiversity. Companies were assessed in three phases between 2022 and 2024 using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company was assessed in 2023 and is ranked #127/816, with a total score of 26.5/100.
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Company Details

Type:
Public company
Founded:
1883
Revenue:
1.4 billion USD (2021)
Employees:
6,900+ (2021)

Contact Details

Address:
Singapore
Website:
www.fraserandneave.com

Products / Brands

Fraser & Neave
100 Plus Sports Drinks