Governance and accountability for sustainable development
The company discloses a remuneration policy related to diversity, equity, and inclusion (DEI) but could further link this policy to improvement in nature-related objectives and disclose detailed information regarding its remuneration policy related to DEI.
While stating that the board of directors has expertise in ESG, the company has an opportunity for further disclosure. Specifically, it could reveal whether its highest governance body has specialised expertise in its most material sustainability topics, such as biodiversity, climate, ecosystem conversion, water, nutrition, and social inclusion.
Lobbying and advocacy
The company has an opportunity to disclose a list of trade associations of which it is a member. Furthermore, it could provide a clear and detailed framework for assessing the alignment of these trade associations with its sustainability targets and report any (potential) misalignments between the lobbying activities of its trade associations and its sustainability targets.
Stakeholder engagement
The company has an opportunity to disclose an overview of the issues raised by each stakeholder group during its stakeholder engagement activities and to describe its process, including frequencies and channels, for engaging with stakeholder groups beyond materiality assessment.
Sustainable development strategy
The company states that it has a materiality assessment, but could disclose further details on how it identifies and prioritises its most relevant sustainability topics and impacts, including how external stakeholders are involved in the process, how regularly the assessment is undertaken, and the outcome of the process.
While the company discloses certain sustainability objectives, including those related to climate, there is room to establish group-wide targets for the most material parts of its value chain. Additionally, the company has an opportunity to report consistently on progress against all its targets.