Hi Kawin,
We ultimately found the root cause of the POR and it turns out to be the VR5510 PMIC. Overall, this POR is not an issue with the S32G2 or the PMIC, but it is due to the default configuration of the PMIC. I have attached the VR5510's reference manual since the below description includes several references to it.
For the RDB2/GoldBox, the default One-Time Programming (OTP) for the VR5510 sets a fault error counter (section 22.7.1 of VR5510 RM) to have a threshold of 3 as part of its fault management features. This fault error counter's job is to count the number of faults that occur both internally to and externally from the VR5510. If the threshold is met, then it will implement the configured impact. In this case, the default configured impact is for the VR5510 to assert its FS0B and RSTB pins when the threshold is met.
Based upon table 69 of the VR5510 RM, external resets that occur and that are connected through the RSTB pin of the VR5510 are considered external faults and result in the increment of the fault counter, as shown below. In the RDB2/GoldBox schematic, the RSTB pin of the VR5510 is connected to the RESET_B line, which is also connected to the RESET pin of the S32G274A. When a functional reset occurs, the RESET_B line will go low and the VR5510's fault counter will be incremented.

When the second functional reset is performed by the S32G274A, the VR5510's fault counter will reach the value of 3 and the VR5510 will assert both its RSTB (RESET_B) and FS0B pins. Due to another default OTP configuration on the VR5510, the PMIC will also assert its PGOOD pin, which turns out to be connected to the POR_B line of the RDB2/GoldBox and causes the functional reset in question to become a POR. The assertion of the PGOOD pin on the VR5510 side is covered in the excerpt below from section 27.7.2 of the VR5510 RM.

Overall, this comes down to the configuration of the VR5510 based upon the OTP programmed to it. Please let us know if you have any further questions.
Thanks,
Tristan