Nueva Pescanova

Lobbying and advocacy
Nueva Pescanova showcases transparency by providing a list of trade associations of which it is a member across all the regions where it operates, underscoring the company’s commitment to clarity and accountability in its affiliations.

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
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. Furthermore, it reports consistently against all its targets.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company set a target to reducing its scope 1 and 2 greenhouse gas (GHG) emissions by 3% annually, with the ultimate goal of reaching a 30% reduction by 2030 and a 50% reduction by 2040. The company also aims to achieve net zero emissions by 2040, starting from a 2020 baseline. Progress against these targets is regularly reported. Furthermore, the company is working to reducing its scope 3 GHG emissions.

Plastic use and packaging waste
The company shows its commitment to reducing plastic use and transitioning to sustainable packaging through various activities. It also provides quantitative data regarding its efforts in reducing plastic use and implementing sustainable packaging. Furthermore, the company has set a specific goal to decrease the overall amount of plastic in its packaging, and regularly reports on its progress towards achieving this target.

Sustainable fishing and aquaculture
The company demonstrates its commitment to sustainable fishing and aquaculture through qualitative evidence, adhering to environmental sourcing criteria, such as certifications to the Marine Council Stewardship (MSC). Furthermore, it has set time-bound goals for sustainable fisheries and aquaculture in its entire portfolio, and regularly reports on its progress towards these targets.

Water withdrawal
Nueva Pescanova showcases its commitment to responsible water management by implementing measures to reduce water withdrawal within its own operational activities.

Availability of nutritious foods
The company shares data on salt reduction and protein enhancement across various product categories. It has also set a goal to meet the sodium content levels for food established by the World Health Organization (WHO).

Forced labour
The company prohibits the payment of any recruitment fees or related costs to secure a job, and it does not retain workers’ personal documents or restrict workers’ freedom of movement in its operations.

Act ethically
The company discloses a public commitment to protect personal data and has a global tax strategy. It has a policy prohibiting bribery and corruption and includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. A grievance mechanism is in place for stakeholders to raise concerns and complaints regarding bribery and corruption. Additionally, the company specifies that it does not make political contributions.

Provide and promote decent work
The company has publicly available policies committing to the health and safety of workers and expects its business relationships to uphold the same commitment. It discloses its methods for monitoring the health and safety performance of its business partners. Additionally, the company provides detailed breakdowns of its total direct operations workforce, categorizing them by age, gender, race or ethnicity, and country. The company also champions gender equality and women’s empowerment and offers transparency by disclosing the salary ratio between women and men across various employee categories and significant operational locations.

Respect human rights
The company has publicly available policy statements committing it to respect both human rights and the ILO core labour rights, and expects its suppliers to do the same. It indicates that it has a human rights grievance mechanism accessible not only to all workers but also to all external stakeholders who may be adversely impacted by the company.

Governance and accountability for sustainable development
The company discloses a remuneration policy related to biodiversity but can further link this policy to improvement in social issues. Moreover, there is an opportunity for the company to disclose whether its highest governance body has specific expertise, or alternatively, access to expertise with respect to the company’s most material sustainability topics including biodiversity, climate, water, nutrition, and social inclusion.

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.

Sustainable development strategy
While the company discloses some sustainability objectives/targets including climate, nutrition and ecosystem conversion, it has an opportunity to establish group-wide targets for the most material parts of its value chain.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company has the potential to align its scope 1 and 2 emissions targets with a 1.5-degree trajectory. It discloses a commitment to establish internal goals in order to limit its scope 3 emissions. However, the company has an opportunity to set a time-bound target for reducing its scope 3 greenhouse gas emissions, regularly report progress made towards these 3 targets, which are aligned with a 1.5-degree trajectory.

Sustainable fishing and aquaculture
Although the company demonstrates its dedication to sustainable fishing and aquaculture, it could further enhance its performance by presenting quantitative evidence of the progress made in these areas.

Water withdrawal
The company can improve its water conservation efforts by reducing both water intensity and absolute water withdrawal across its own operations. It should consider setting a time-bound target to reduce water withdrawal and consistently report its progress towards this target. Additionally, the company has an opportunity to collaborate with suppliers to decrease water withdrawal throughout the entire supply chain.

Accessibility and affordability of nutritious foods
The company has an opportunity to implement commercial activities that enhance the accessibility and affordability of nutritious foods, particularly for vulnerable groups. Furthermore, they can set targets to improve both the accessibility and affordability of nutritious foods through their commercial activities, with a specific focus on vulnerable groups.

Availability of nutritious foods
The company has an opportunity to adopt a nutrient profiling system that aligns with government-endorsed or externally validated nutritional guidelines and to set a sales-based target to increase the percentage of more nutritious products.

Child labour
The company has the opportunity to disclose examples of remediation programs when cases of child labor are found in its operations. The company prohibits child labour in its supply chain and authorizes the verification of the necessary information and documents. However, it could provide details on a required age verification system. While the company does disclose grievance mechanisms for its suppliers regarding child labour, it could provide more information on how it is actively building the capacity of its suppliers to prevent child labour impacts.

Farmer and fisher livelihoods
The company has set up trainings on biodiversity topics for the small and medium-sized cooperatives of the aquaculture sector in Nicaragua but has an opportunity to demonstrate how it improves fishers’ income resilience through its procurement practices and supply chain relationships. Also, it could demonstrate how it identifies living income benchmarks and assesses living income gaps for some regions or commodities.

Forced labour
While the company prohibits suppliers from retaining workers’ personal documents or restricting their freedom of movement, it also has the chance to disclose a policy against allowing recruitment fees or related costs to be paid in order to secure a job within its supply chain. Additionally, the company can highlight its efforts to build the capacity of its suppliers in order to prevent forced labor.

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.

Living wage
While the company states that its suppliers shall guarantee their workers a minimum living wage whenever possible, it has an opportunity to make this a requirement in all locations or disclose a target for paying a living wage across its direct suppliers. Also, it states that its suppliers shall consider indicators or indices of the cost of living of the country in question when determining the living wage but could provide further details on how it determines a living wage for the regions where it sources.

Act ethically
The company has a process for identifying bribery and corruption risks but has an opportunity to disclose the specific details of this process. While its approach to lobbying and political engagement is outlined in its Code of Ethics, formalizing this in a public policy document could provide greater transparency. Although the company states it doesn’t engage in lobbying activities, there is no publicly available evidence to support this claim; disclosing this information on its public domain could add clarity. The company could also specify 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 pays a living wage to some employees whenever possible, it has the opportunity to extend this commitment to all workers and disclose how it determines what constitutes a living wage in the regions where it operates. The company could also require its suppliers to pay a living wage and disclose how it supports this initiative. While the board of directors is entirely male, the company has an opportunity to set and disclose time-bound targets for gender equality and women’s empowerment.

Respect human rights
The company discloses that it conducts due diligence actions on human rights compliance in the selection and validation of suppliers, but it has an opportunity to elaborate on the process for identifying human rights risks and impacts in specific locations or activities, both in its own operations and through relevant business relationships. The company could further describe its methods for assessing and identifying its salient human rights issues, disclose the results of its human rights risk assessments, and establish a global system to address, prevent, or mitigate these issues.