LOTTE Corporation

Stakeholder engagement
The company discloses an overview of the issues raised during its regular and ongoing stakeholder engagement activities and the engagement channels, for each stakeholder group.

Sustainable development strategy
The company 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.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company has disclosed its goal to reduce global greenhouse gas (GHG) emissions by at least 45% based on the 2010 levels, with a target to achieve this by 2030. Progress against these scope 1 and 2 targets is reported by the company, which has successfully reduced its scope 1 and 2 greenhouse gas emissions.

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.

Water withdrawal
The company demonstrates reducing water withdrawal in its own operations.

Food safety
The company provides evidence that 100% of its own operations are certified to a Global Food Safety Initiative (GFSI)-recognised food safety scheme.

No leading practices were identified in the social inclusion area.

Act ethically
The company has a policy prohibiting bribery and corruption and includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. Furthermore, it has established 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 policy statement in which it commits to respecting its operations and supply chain workers’ health and safety. Moreover, it publicly commits to gender equality and women’s empowerment.

Respect human rights
The company has a publicly available policy statement committing it to respect human rights, along with grievance mechanism accessible to all workers and all external stakeholders who may be adversely impacted by the company.

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 report on its lobbying and advocacy practices on sustainability-related issues, and whether these activities align with its sustainability strategy.

Sustainable development strategy
While the company discloses some sustainability objectives/targets including climate, it has an opportunity to establish group-wide targets for the most material parts of its value chain. Furthermore, it could report consistently against all its targets.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company has the opportunity to align its scope 1 and 2 emissions targets with a 1.5-degree trajectory. Additionally, there is an opportunity for the company to reduce its scope 3 greenhouse gas emissions by setting a related reduction target. Furthermore, it is important for the company to report on its progress in meeting these scope 3 targets and to align them with a 1.5-degree trajectory.

Food loss and waste
While the company discloses its FLW reduction target(s), it does not measure progress against its target. Additionally, the company has an opportunity to align its target(s) with SDG12.3 (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.

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 opportinity to disclose the percentage of food suppliers certified to a GFSI-recognised 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. While the company has in place expectations on the prohibition of child labour for its suppliers, it could disclose related policy requirements including the use of an age verification for workers.

Forced labour
The company has an opportunity to disclose forced labour requirements for its operations and supply chain such as a prohibition to pay recruitment fees, to retain workers’ personal documents or to restrict workers’ freedom of movement. Further, it could provide evidence of how it builds the capacity of its suppliers to prevent forced labour impacts.

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 can demonstrate ethical conduct by publishing a policy statement that outlines its approach to lobbying and political engagement, emphasises its non-participation in political contributions or discloses criteria for exception, and transparently discloses lobbying expenditures.

Provide and promote decent work
The company has an opportunity to enhance its commitment to its operations and supply chain workers’ health and safety by providing evidence of monitoring suppliers’ compliance. Additionally, it could set a time-bound target for ensuring all workers receive a living wage, describe the living wage determination methodology, and disclose strategies to support suppliers in paying a living wage.

Furthermore, the company could strengthen its commitment to gender equality and women’s empowerment by disclosing a related time-bound target. It could also disclose that it has at least 30% women on the Board of Directors.

Respect human rights
The company has an opportunity to strengthen its commitment to the ILO’s fundamental rights at work by disclosing whether the commitment is applicable across all contexts and locations. While it expects suppliers to respect specific workers’ rights, the company could broaden its focus to encompass all the ILO fundamental rights at work. Additionally, the company could describe the process for identifying human rights risks and impacts across all its activities, including its suppliers, as well as the process for assessing and identifying its salient human rights issues. Moreover, the company could establish a global system to address these salient human rights issues by implementing preventive, mitigative, or remedial measures.