Conclusion

As we conclude this 2025 ESG Report, we are proud of the progress we have achieved and, equally importantly, of the discipline with which we continue to strengthen our foundations. Sustainability at Denis Asia Pacific is not a communication exercise — it is an operational, cultural and strategic commitment embedded across our businesses.

The past year has been characterised by growth, transformation and consolidation. In a context of increased production volumes and evolving regulatory expectations, we have maintained our focus on responsible performance, transparency and long-term resilience.

Climate change remains one of the defining challenges of our time. In 2025, our total Scope 1 and 2 greenhouse gas emissions reached 12,210 tCO₂e, reflecting higher production activity, while our emissions intensity improved from 0.68 to 0.60 tCO₂e per tonne of finished product. This demonstrates our ability to partially decouple growth from carbon impact through operational efficiency.

Energy management continues to be a core lever of our decarbonisation pathway. We have further structured our Energy Management System in alignment with ISO 50001 principles, enhanced steam system monitoring, deployed targeted efficiency projects and strengthened data governance. The initiatives implemented in 2025 correspond to 228 tCO₂e avoided during the year.

At the same time, our circularity strategy has entered a new phase. The Fish Protein Concentrate (FPC) project represents a concrete industrial transformation, enabling the recovery and valorisation of up to 99% of incoming by-product and reducing organic waste by approximately six tonnes per day once fully operational. With a RM 2.5 million investment and commissioning scheduled in 2026, this initiative reinforces both our environmental performance and the resilience of our value chain.

Water stewardship and waste management remain embedded within our ISO 14001-certified environmental management systems. In 2025, 95% of waste generated across our manufacturing sites was diverted from landfill, and no water-related regulatory incidents were recorded.

Strong environmental performance must rest on equally strong governance. In 2025, we continued reinforcing our Ethics and Compliance framework through clear zero-tolerance policies covering corruption, modern slavery, human rights violations and illegal environmental practices.

Training and awareness remain central to our approach. To date, all staff have completed at least one anti-corruption training session and signed the corresponding pledge, and 89 risk-identified employees have completed anti-modern slavery e-learning. Our governance systems are continuously strengthened to align with evolving regulatory frameworks and stakeholder expectations.

Our people are at the heart of our performance and long-term sustainability. In 2025, our workforce comprised 1,435 employees across our operations. We remain committed to diversity and inclusion, with women representing 64% of our total workforce.

Health and safety continue to be a top operational priority. While we recorded 34 accidents in 2025, in a context of increased production intensity and operational reorganisation, we have reinforced preventive measures, strengthened root cause analysis processes and continued aligning our systems with ISO 45001 principles. Our Vietnam site maintained zero occupational accidents for the second consecutive year.

The Sustainable Office Competition once again illustrated the strength of our internal engagement. The number of initiatives nearly tripled in 2025, reflecting deeper integration of ESG values into everyday decision-making and local innovation across our offices.

This report reflects our commitment to transparent disclosure. We are aware that sustainability is not a destination but a continuous journey. Decarbonisation, circular economy integration, workforce development and governance strengthening require sustained investment, discipline and adaptability.

As we move forward, our priorities remain clear:

• Continue reducing energy intensity and fuel dependence in line with our Net Zero roadmap.
• Commit in 2026 to the Science Based Targets initiative (SBTi), to set greenhouse gas reduction targets aligned with climate science and the goals of the Paris Agreement.
• Commission and scale the Fish Protein Concentrate project.
• Further strengthen safety performance and accident prevention.
• Deepen supplier engagement on ethical and environmental standards.
• Enhance data robustness and prepare progressively for future regulatory requirements.

In a rapidly evolving global environment, resilience is built through responsible management, operational excellence and strong values. At Denis Asia Pacific, ESG is not separate from our business strategy — it is an integral component of how we create sustainable value for our customers, employees, partners and communities.

I would like to thank all our teams across Australia, Brunei, China, Indonesia, Malaysia, Mexico, Singapore, Thailand and Vietnam for their dedication and commitment. The progress described in this report is the result of collective effort, discipline and shared responsibility.

We remain fully committed to advancing responsibly, transparently and pragmatically toward a more sustainable future.

Fabien Reyjal
Chief Executive Officer

The ESG performance data disclosed in this appendix covers Denis Asia Pacific's food & beverage activities within the ESG reporting perimeter. Data is reported on a calendar-year basis and consolidated at DAP level based on entity-level reporting.

All disclosed ESG data is subject to internal controls, consistency checks and management review prior to publication. The data is not externally assured. Due to rounding, some totals may not exactly match the sum of individual figures.

Indicator	Unit	2021	2022	2023	2024	2025
Scope 1 GHG emissions – stationary combustion	tCO₂e	5,661	6,523	6,606	4,692	5,424
Scope 1 GHG emissions – mobile combustion	tCO₂e	358	452	453	461	453
Scope 1 GHG emissions – refrigerants (fugitive)	tCO₂e	633	897	672	1,192	595
Total Scope 1 GHG Emissions	tCO₂e	6,653	7,872	7,732	6,345	6,472
Electricity consumption (purchased)	MWh	8,586	9,301	8,885	7,817	8,668
On-site renewable electricity generation (solar PV)	MWh	1,726	1,713	1,845	1,950	1,822
Electricity exported to the grid (solar PV)	MWh	108	82	75	97	82
Share of renewable electricity	%	16%	15%	17%	19%	17%
GHG (Scope 1 + 2) emissions intensity	tCO₂e / tonne of finished products	0.57	0.55	0.55	0.68	0.60
Scope 2 GHG emissions (market-based)	tCO₂e	5,768	6,269	5,923	5,161	5,738
Scope 1 + 2 Operational GHG Emissions	tCO₂e	12,421	14,141	13,654	11,506	12,210
Scope 3 value chain GHG emissions	tCO₂e	n/a	86,432	84,897	69,160	n/a
Scope 1 + 2 + 3 Total GHG Emissions	tCO₂e	n/a	100,573	98,551	80,667	n/a

Indicator	Unit	2021	2022	2023	2024	2025
Total Water Consumption	m³	465,487	538,691	476,586	376,510	464,593
Water consumption – manufacturing sites	m³	463,084	536,360	473,590	373,997	462,793
Water consumption – offices	m³	2,403	2,331	2,996	2,513	1,800
Water intensity	m³ / tonne of finished products	21	21	19	22	23

Indicator	Unit	2021	2022	2023	2024	2025
Hazardous waste generated	tonnes	2	2	2	6	5
Waste recycled or recovered	tonnes	4,639	5,472	5,426	4,657	5,191
Waste sent to landfill	tonnes	334	319	321	246	275
Total Waste Generated	tonnes	4,975	5,793	5,749	4,910	5,472
Waste diversion rate	%	93%	94%	94%	95%	95%

Indicator	Unit	2021	2022	2023	2024	2025
Total packaging materials used	tonnes	6,728	7,569	6,821	4,799	6,257
Packaging intensity	tonnes / tonne of finished products	0.31	0.30	0.28	0.28	0.31
Paper consumption	tonnes	6.6	6.6	5.7	5.2	5.3

Indicator	2021	2022	2023	2024	2025
Female employees	923	1,058	1,220	1,147	1,025
Male employees	512	595	624	622	560
Total Headcount (Year-End)	1,435	1,653	1,844	1,769	1,585
Female Employees (%)	64%	64%	66%	65%	65%

Indicator	Top Management	Management	Supervisors	Staff	Total
Female employees	11	90	69	753	923
Male employees	27	58	39	388	512
Total Headcount	38	148	108	1,141	1,435
Female Employees (%)	29%	61%	64%	66%	64%

Indicator	2021	2022	2023	2024	2025
Number of employees who left	n/a	n/a	n/a	255	246
Turnover rate (%)	n/a	n/a	n/a	15.7%	16.0%
Employees who left, excluding probation	231	173	207	224	197
Turnover rate (%), excl. probation	14.0%	9.9%	11.5%	13.8%	12.9%

Indicator	2021	2022	2023	2024	2025
Total training hours	10,414	21,698	24,211	24,534	18,447
Average training hours per employee	6.3	11.8	13.7	15.5	12.9

Indicator	2021	2022	2023	2024	2025
Total recordable occupational accidents	29	21	22	30	34
Lost days due to occupational accidents	276	321	186	344	372
Number of hours worked	n/a	n/a	n/a	3,506,848	3,283,674
Accident Frequency Rate (per 1,000,000 hours)	n/a	n/a	n/a	8.6	10.4
Accident Severity Rate (per 1,000,000 hours)	n/a	n/a	n/a	98.1	113.3

Indicator	2021	2022	2023	2024	2025
Commuting accidents	18	12	23	23	19
Lost days due to commuting accidents	760	675	636	448	334
Fatalities due to commuting accidents	1	1	0	0	0