Magnit

Stakeholder engagement
The company discloses an overview of the issues raised during its regular and ongoing stakeholder engagement activities as well as 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 a time-bound target to reduce its scope 1 and 2 emissions.

Food loss and waste
The company’s FLW reduction targets are aligned with SDG 12.3 goal (50% reduction by 2030).

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

No leading practices were identified in the nutrition area.

Farmer and fisher livelihoods
In order to foster cooperation with small-scale local producers, the company has created a simplified standard supply contract. This contract is specifically designed to accommodate smaller farmers who may struggle to fulfill the same extensive requirements as larger suppliers. For example, it allows for smaller scale shipments to be accepted.

Health and safety of vulnerable groups
The company recognizes that migrant workers, especially women migrants, and those in precarious employment are more vulnerable in terms of health and safety at work.

Act ethically
The company has a policy prohibiting bribery and corruption, includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships and has a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption. It also discloses income tax payments for all its tax jurisdictions and specifies that it does not make political contributions.

Provide and promote decent work
The company has a publicly available policy statement in which it commits to respecting the health and safety of workers and expects its business relationships to commit to respecting the health and safety of their workers. The company also publicly states that workers shall not be required to work more than 48 hours in a regular work week or 60 hours including overtime. Furthermore, the company discloses the proportion of its total direct operations workforce covered by collective bargaining agreements and the proportion of its total direct operations workforce for each employee category by age group. It also discloses the proportion of women in its total direct operations workforce for each employee category.

Respect human rights
The company has a publicly available policy statement committing it to respect human rights and the ILO core labour rights, and expecting suppliers to respect the ILO core labour rights.

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 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.

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

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
While the company has set a target to reduce Scope 1 and 2 greenhouse gas emissions, there’s an opportunity to enhance transparency by regularly tracking and reporting progress. Moreover, it can align its emissions targets with a 1.5-degree trajectory. The company could also increase its impact by establishing a time-bound target for reducing Scope 3 emissions and providing regular updates on its progress.

Ecosystem conversion
The company has an opportunity to disclose some activities working towards conversion-free supply chains.

Food loss and waste
The company has an opportunity to disclose its FLW reduction targets and report progress against them.

Plastic use and packaging waste
While the company describes its activities to reduce plastic use and transition towards sustainable packaging, it has an opportunity to disclose the associated quantitative data.

Protein diversification
The company has an opportunity to set a sales-based target to increase alternative proteins across its portfolio, as well as report progress against this target.

Sustainable fishing and aquaculture
The company has an opportunity to provide evidence of a commitment to sustainable fishing and aquaculture with reference to environmental sourcing criteria.

Water withdrawal
While the company discloses the total volume of water withdrawn and a reduction in water intensity, it has an opportunity to demonstrate a reduction in absolute water withdrawal across its own operations. It can also consider disclosing a time-bound target to reduce water withdrawal across its own operations and reporting progress against the target.

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 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 fruits, vegetables, nuts, and whole grains in its entire portfolio. Additionally, there is an opportunity for the company to adopt a nutrient profiling system and set a sales-based target to increase the proportion of more nutritious products, aligning with government-endorsed or externally validated nutritional guidelines.

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 demonstrate that 100% of its own operations are certified to a GFSI food safety scheme/certification programme or other widely recognised (industry-specific) certification. Additionally, it can disclose the percentage of food suppliers certified to a GFSI-recognised food safety scheme.

Responsible marketing
The company can provide evidence of marketing activities to promote heathier and more nutritious food options (in accordance with a government-endorsed or externally validated nutritional guidelines). Moreover, it has an opportunity to disclose a responsible marketing policy specifically tailored to children that is aligned with international codes and guidelines and applicable across all media channels.

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 prohibits its suppliers from using child labour, it could require them to have an age-verification system in place.

Farmer and fisher livelihoods
The company has an opportunity to identify living income benchmarks and assess living income gaps for some regions or commodities.

Health and safety of vulnerable groups
The company has an opportunity to recognise the specific health and safety risks to 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 a process for identifying bribery and corruption but could disclose details of this process. It could also have a policy setting out its lobbying approach and disclose its expenditures on lobbying activities. Additionally, the company could disclose that it requires third-party lobbyists to comply with its lobbying and political engagement policy.

Provide and promote decent work
While the company discloses that it launched a project for independent ESG assessment, t has an opportunity to disclose how it monitors the health and safety performance of its suppliers. It could also disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage, and disclose how it determines a living wage for the regions where it operates. Furthermore, while the company has set expectations on the wage paid by its suppliers, it has an opportunity to add a requirement for them to pay a living wage, and disclose how it supports the payment. It also has an opportunity to disclose time-bound targets on gender equality and women’s empowerment and that it has at least 30% women on the board. Lastly, the company could disclose the ratio of the basic salary and remuneration of women to men in its total direct operations workforce for each employee category, by significant locations of operation.

Respect human rights
While the company has conducted a materiality risk assessment, it has an opportunity to disclose how it identifies human rights risks and impacts in its operations and supply chain. It could also describe its process for assessing and identifying what it considers to be its salient human rights issues, or the results of its human rights risk assessment. The company also has an opportunity to disclose a global system to act on, prevent or mitigate its salient human rights issues.