Intercorp

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

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company has set time-bound targets to reduce its scope 1 and 2 emissions. It targets to reduce its relative carbon footprint by 20% by the end of 2025.

Plastic use and packaging waste
The company demonstrates commitment, has policies or engages in activities related to plastic use reduction and transitioning towards sustainable packaging. Through its Packaging Policy that is aligned with the global commitment of the Ellen Macarthur Foundation, the company promotes the use of recycled raw materials and packaging in its brand products.

No leading practices were identified in the nutrition area.

No leading practices were identified in the social inclusion area.

No leading practices were identified in the core social indicators area.

Governance and accountability for sustainable development
The company has an opportunity to strengthen its sustainability governance and accountability by assigning decision-making and oversight of its sustainability strategy to the highest governance body. It could link senior executives’ compensation to sustainability targets/objectives. Additionally, it could disclose if the highest governance body has expertise in its most material sustainability topics.

Lobbying and advocacy
The company has an opportunity to disclose a list of trade associations of which it is a member. Furthermore, the company can provide a clear and detailed framework for assessing the alignment of these trade associations with its sustainability targets. Additionally, the company 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 disclose how it engages with stakeholders, the issues raised during such activities, and the outcomes of its stakeholder engagement.

Sustainable development strategy
The company has an opportunity to disclose its process for identifying and prioritising its most relevant sustainability topics and impacts at group level. Furthermore, it could disclose group wide targets on key sustainability topics for the most material parts of its value chain. Additionally, the company has an opportunity to report consistently against all its targets.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company has the opportunity to reduce its scope 1 and 2 greenhouse gas emissions, report progress on its targets, and align these targets with a 1.5-degree trajectory. Furthermore, there’s potential to decrease scope 3 greenhouse gas emissions and disclose a time-bound reduction target. Lastly, reporting progress on scope 3 targets, which can also align with a 1.5-degree trajectory, is crucial.

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

Ecosystem conversion
The company has an opportunity to disclose its efforts to avoid ecosystem conversion, including deforestation or restoration. The company could develop a strategy and publicly report on specific, time-bound targets.

Food loss and waste
The company can disclose its FLW reduction targets and provide updates on its progress towards achieving these targets. Additionally, the company has the opportunity to align its FLW reduction goal with SDG12.3, which aims for a 50% reduction by 2030.

Plastic use and packaging waste
While the company describes its activities to reduce plastic use and transition towards sustainable packaging at the subsidiary level, it has an opportunity to disclose group-wide quantitative data.

Sustainable fishing and aquaculture
While the company acknowledges sustainability in its fishing and aquaculture portfolio, it has the opportunity to further emphasize environmental sourcing criteria.

Water withdrawal
The company has an opportunity to enhance its disclosures relating to water use and 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 has an opportunity to demonstrate how it is improving the nutritional quality of its products and to set targets to increase the share of more nutritious products in its portfolio.

Clear and transparent labelling
The company has an opportunity to disclose how it provides nutritional information on its products and how it supports consumers with making healthy food choices through its labelling schemes.

Food safety
The company has an opportunity to disclose its commitment to food safety and demonstrate that its operations and supply chain adhere to food safety standards.

Responsible marketing
The company has an opportunity to disclose its commitment to responsible marketing and its marketing activities to promote healthy food options.

Workforce nutrition
The company has an opportunity to disclose evidence of workforce nutrition programmes.

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. Additionally, the company’s subsidiary prohibits suppliers from using child labour and requires them to have an age verification system in place. However, it could disclose child labour requirements for its suppliers at the group level.

Farmer and fisher livelihoods
The company has an opportunity to identify living income benchmarks and assess living income gaps for some commodities and regions. Also, it could adopt procurement practices and develop supply chain relationships that improve farmers’ income resilience.

Forced labour
The company has the opportunity to disclose forced labour requirements for its operations and supply chain. Specifically, it could prohibit the payment of recruitment fees, the retention of workers’ personal documents, and the restriction of workers’ freedom of movement. Furthermore, it could provide evidence of how it builds the capacity of its suppliers to prevent forced labour impacts.

Health and safety of vulnerable groups
The company has an opportunity to recognise and assess the health and safety risks to vulnerable groups, such as migrant and temporary labourers, women and young farmers. Furthermore, it could provide evidence of support activities that improve the health and safety of vulnerable groups.

Land rights
The company has an opportunity to disclose a commitment to respect ownership and use of land and natural resources and related legitimate tenure rights. Furthermore, it could describe a process at its operations and supply chain level to identify legitimate tenure rightsholders when acquiring, leasing or making other arrangements to use land and to negotiate with them to provide adequate compensation.

Living wage
The company has an opportunity to set a target for paying a living wage across its direct suppliers and describe how it determines a living wage for the regions where it sources. Also, it could disclose the percentage of workers across its own operations or suppliers that are paid a living wage.

Act ethically
The company has an opportunity to disclose a policy statement prohibiting bribery and corruption and include anti-bribery and anti-corruption clauses in its contracts with business relationships at group level. Furthermore, it could describe its process for identifying its bribery and corruption risks and impacts covering its own operations and a grievance mechanism accessible to all stakeholders to raise related concerns at group level.

Moreover, the company could disclose a policy setting out its lobbying and political engagement approach. While it states that its subsidiary does not make political contributions in a sustainability report, it could formalise this commitment in a public policy document at group level. Also, it could disclose lobbying expenditures in all locations where it carries out lobbying activities or specify it only does so in specific countries or regions.

Provide and promote decent work
The company has an opportunity to disclose a policy statement committing it to respect the health and safety of workers in its operations and supply chain at group level. Furthermore, it could disclose how it monitors the health and safety performance of its suppliers at group level.

Moreover, while the company states that it pays a legal wage to its employees and expects the same from its suppliers, it could commit to paying a living wage by setting a time-bound target, disclose how it determines a living wage for the regions where it operates, and how it works to support its suppliers in paying a living wage at the group level.

In terms of gender equality and women’s empowerment, the company could disclose a public commitment and time-bound targets. Also, It could also disclose the representation of women on the highest governance body and the ratio of the basic salary and remuneration of women to men.

Respect human rights
The company has an opportunity to disclose a policy statement committing to respecting human rights and the fundamental rights at work declared by the ILO in its operations and supply chain at group level.

Moreover, although it conducts supply chain due diligence in general, the company has an opportunity to describe the process for identifying its human rights risks and impacts in specific locations or activities, covering its own operations and its supply chain . Furthermore, it could disclose its process for assessing and identifying what it considers to be its salient human rights issues. Lastly, the company has an opportunity to disclose a global system to act on, prevent or mitigate its salient human rights issues.