FCF Co., Ltd.

Lobbying and advocacy
The company discloses a list of trade associations of which it is a member. However, it should make clear if it is a full list of trade associations of which it is a member for all jurisdictions in which it operates. By doing this, the company would enhance its due diligence efforts concerning the trade associations it supports

Stakeholder engagement
The company discloses an overview of the issues raised during its stakeholder engagement activities and states the channels it uses to engage with its stakeholder groups. Furthermore, the company’s stakeholder engagement covers nature, nutrition, and social issues.

Sustainable development strategy
FCF discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy.

Plastic use and packaging waste
The company demonstrates commitment, has policies or partakes in activities related to plastic use reduction and transitioning towards sustainable packaging.

Sustainable fishing and aquaculture
The company demonstrates a strong commitment to sustainable fishing and aquaculture by providing qualitative evidence in accordance with environmental sourcing criteria.

Water withdrawal
FCF is actively working to reduce water withdrawal in its operations, showcasing its commitment to sustainable practices and responsible water management.

No leading practices were identified in the nutrition area.

Child labour
The company requires suppliers to prohibit child labour and verify the age of recruited workers.

Health and safety of vulnerable groups
The company identifies crew members as being vulnerable in relation to health and safety in its work.

Living wage
The company follows the definition of a living wage provided by the Global Living Wage Coalition.

Act ethically
The company has a policy prohibiting bribery and corruption, and has a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption.

Provide and promote decent work
The company has a publicly available statement of policy in which it commits to respecting the health and safety of its workers, and extends the same expectation to its business relationships. Moreover, the company discloses a commitment to gender equality and women empowerment, as well as the proportion of women in its total direct operations workforce for each employee category.

Governance and accountability for sustainable development
The company has an opportunity to link performance criteria in senior executives’ remuneration policies to targets and objectives which cover environmental and social issues. Furthermore, it could disclose whether its highest governance body has expertise with respect to the company’s most material sustainability topics.

Lobbying and advocacy
The company has an opportunity to disclose a clear and detailed framework for assessing alignment of its trade associations with its sustainability targets. Additionally, it can report any (potential) misalignments between the lobbying activities of its trade associations and its sustainability targets.

Stakeholder engagement
The company has an opportunity to explain how it has responded to key issues raised by each stakeholder group and disclose specific outcomes implemented to respond to key issues for each stakeholder group, beyond materiality assessment.

Sustainable development strategy
The company has an opportunity to disclose group wide targets on key sustainability topics for the most material parts of its value chain and to report consistently against all its targets.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company has an opportunity to disclose a time-bound target to reduce its scope 1 and 2 greenhouse gas emissions.

Animal welfare
The company has an opportunity to set animal welfare targets applicable to all species, geographies and products.

Food loss and waste
The company has an opportunity to disclose its food loss and waste (FLW) reduction targets and report progress against them. Additionally, it can align its FLW reduction goal with SDG12.3, which aims for a 50% reduction by 2030.

Plastic use and packaging waste
The company has an opportunity to disclose quantitative evidence regarding plastic use reduction and use of sustainable packaging.

Protein diversification
The company has an opportunity to enhance its disclosures on its protein diversification activities,set relevant targets, as well as track its progress.

Sustainable fishing and aquaculture
Although the company demonstrates a dedication to sustainable fishing and aquaculture, there is room for improvement in terms of providing measurable evidence of their progress. Specifically, the company should consider disclosing specific targets for sustainable fisheries and aquaculture across its entire portfolio and regularly reporting on their progress towards these targets.

Water withdrawal
The company has the opportunity to disclose a time-bound target for reducing water withdrawal in its own operations and report progress against this target. Additionally, the company can report the amount of water withdrawn for its operations in water-stressed areas. Moreover, the company has the chance to engage with suppliers in order to reduce water withdrawal.

Accessibility and affordability of nutritious foods
The company has an opportunity to disclose its commitment and commercial activities to improve the accessibility and affordability of nutritious foods.

Availability of nutritious foods
The company currently provides examples of reformulated products. However, there is potential for improvement in reporting its overall efforts to reduce sugar, salt, and fat, and/or increase the presence of positive nutrients in its entire portfolio. Additionally, there is an opportunity for the company to adopt a nutrient profiling system and to set a sales-based target to increase the proportion of more nutritious products.

Food safety
The company has the chance to showcase that all of its own operations are certified to a GFSI food safety scheme or other widely recognized certification program. Additionally, the company can disclose the percentage of food suppliers that are certified to a GFSI-recognized food safety scheme.

Child labour
The company has an opportunity to disclose examples of remediation programmes when a case of child labour is found in its operations and to indicate how it is building the capacity of its suppliers to prevent child labour impacts.

Farmer and fisher livelihoods
While the company indicates it has assessed living income gaps, it has an opportunity to describe how it assesses them and disclose which living income benchmarks it has identified.

Health and safety of vulnerable groups
While the company identifies crew members as vulnerable groups in relation to health and safety and conducts related risk assessments, it does not recognise specific health and safety risks to vulnerable groups.

Living wage
The company provides a definition of living wage according to Global Living Wage Coalition in its Supplier Social Requirement for Vessel Owners but it could add a requirement on paying a living wage in the Code, and set a target for paying a living wage across its direct suppliers. Also, it has an opportunity to disclose the percentage of workers across its own operations or direct suppliers that are paid a living wage.

Act ethically
The company has a process for identifying bribery and corruption but has an opportunity disclose comprehensively details of this process. Relatedly, it has an opportunity to include anti-bribery and anti-corruption clauses in its contracts with business relationships. Additionally, the company has an opportunity to have a policy setting out its lobbying and political engagement approach. It could further disclose a publicly available policy statement that specifies that it does not make political contributions, and divulge its expenditures on lobbying activities.

Provide and promote decent work
The company has an opportunity to disclose its supplier health and safety monitoring process. Additionally, while the company asserts adherence to local wage laws and commits to providing a living wage to its workers, there is room to establish time-bound target for achieving this wage and clarify the determination of living wage in each region. Likewise, while it expects its supplier to also adhere to local wage laws, it can extend the expectation of a living wage to suppliers and detail its support in implementing this payment.

Furthermore, the company could disclose data on women’s representation on the board and the ratio of women’s basic salary and remuneration compared to men’s.

Respect human rights
While the company commits to uphold specific workers’ rights in its operations and supply chain, an opportunity exists to declare a policy statement affirming its commitment to human rights, and reference all the ILO fundamental rights at work.

Additionally, although the company identifies human rights concerns within its supply chain and engages with relevant stakeholders, there is an opportunity to provide a comprehensive account of its procedure for identifying human rights risks and assessing their impacts across all activities and the supply chain. Further elaboration on how it evaluates and identifies salient human rights issues is also warranted. Furthermore, as the company conducts third-party audits and presents evidence of its management of various human rights matters, there is a potential to unveil a global system for addressing all its salient human rights issues throughout all activities.