Tingyi (Cayman Islands) Holding

No leading practices were identified for the company in the governance and strategy measurement area.

No leading practices were identified for the company in the environment measurement area.

No leading practices were identified for the company in the nutrition measurement area.

No leading practices were identified for the company in the social inclusion measurement area.

Sustainable development strategy
While the company has stated it consults with its stakeholders to identify its most relevant topics and has disclosed a materiality matrix, the process followed to conduct its assessment was not found. The company could improve its performance in this area by being more transparent on the process followed. Furthermore, the company has not put forth time-bound targets for their identified topics and is encouraged to do so while including topics in the benchmark’s dimensions (environment, nutrition and social inclusion).

Governance and accountability for sustainable development
The company has disclosed having a corporate social responsibility (CSR) committee in charge of the implementation of sustainability directives. Also, oversight of sustainable development strategy elements such as decision-making, implementation, evaluation and disclosure is a responsibility of its board of directors. The company could further strengthen its governance around sustainable development topics by linking performance on these topics to remuneration and disclosing about this.

Stakeholder engagement
While the company has conducted stakeholder engagement activities and discloses an overview of the issues raised via these activities, it has an opportunity to disclose how it identifies its most relevant stakeholders, along with information on how the outcomes of the engagement process are integrated into the company’s sustainable development strategy.

Scope 1 and 2 greenhouse gas emissions
The company has disclosed information on how it is working towards decreasing its carbon footprint. Furthermore, Tingyi Holding also reports on metrics and a reduction of 4.42% in 2020, compared to 2019. Nonetheless, the company can still strengthen its commitment on this matter by setting time-bound targets covering all its operations and reporting on progress against said targets.

Protection of terrestrial natural ecosystems
The company does not disclose activities aimed at achieving deforestation and conversion-free (DCF) supply chains for its relevant high-risk commodities. It has an opportunity to increase its disclosure on commitments to source its high-risk commodities through recognised certification programmes.

Animal welfare
The company does not disclose that it is addressing key animal and aquatic welfare issues for its relevant key species in its own operations and supply chain. It has an opportunity to disclose a commitment that addresses key issues for animal and aquatic welfare across its relevant species, geographies and products.

Food loss and waste
The company does not disclose that it is addressing food loss and waste in its own operations. The company has an opportunity to disclose a commitment by demonstrating policies and/or activities that tackle food loss and waste.

Plastic use and packaging waste
While the company discloses that it is reducing its plastic use and transitioning to sustainable forms of packaging, it has an opportunity to strengthen its commitment by setting targets to reduce plastic use and transition to more sustainable forms of packaging and reporting against these targets, that cover all operations.

Availability of healthy foods
While the company has a commitment to increase the availability of healthy and nutritious foods, it has an opportunity to undertake activities that contribute to increasing the production, quality and/or variety of healthy and nutritious foods.

Clear and transparent labelling
The company does not disclose that it provides nutritional information through clear, transparent and accurate labelling.

Responsible marketing
The company does not disclose a responsible marketing policy, nor guidelines specific to marketing to children.

Food safety
Tingyi Holding discloses that a 100% of its own operations are certified to a GFSI-recognised food safety scheme or certification programme, for example FSSC22000 and ISO 22000. However, the company has not disclosed information relevant to its suppliers on this matter and is encouraged to extend its food safety certification practices to its supply chain.

Child and forced labour
The company does not disclose a commitment to prohibit child labour and forced labour in its supply chain.

Living wage
The company does not disclose that it pays its workers a living wage or requires its suppliers to do the same. Neither has it set targets to do so in the future.

Health and safety of vulnerable groups
The company does not disclose that it specifically recognises the health and safety risks to vulnerable groups, such as migrant and temporary labourers, women and young farmers.

Farmer and fisher productivity and resilience
The company discloses having several initiatives in different countries in order to support farmers’ productivity and resilience, ranging from local sourcing of products, professional guidance to improve agricultural practices and collaborating with the government towards the improvement of livelihoods of its suppliers. The company can strengthen its commitment on this matter by consistently measuring the impact of its programmes and disclosing its results.

No policies or commitments related to respect for human rights were found in the public domain. This includes the necessary policies and systems to respect basic human rights in its operations and supply chain.

No policies or commitments related to providing and promoting decent work were found in the public domain. This includes the provision of secure, safe and healthy workplaces, where workers are fairly remunerated and have a meaningful say in decision making.

No policies or commitments related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its relationships with business partners.