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 nature, including biodiversity, and social issues. While it states that the board of directors has expertise in CSR and climate, it could further provide evidence whether its highest governance body has expertise with respect to the company’s most material sustainability topics including nutrition, water, soil health, social inclusion, ecosystem conversion and biodiversity.
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.
Stakeholder engagement
The company discloses the channels it uses to engage with stakeholder groups in general. However, it could further discloses channels it use to engage with each stakeholder group.
Sustainable development strategy
The company states that it has a materiality assessment but could further disclose its process for identifying and prioritising its most relevant sustainability topics and impacts, including how external stakeholders are involved in the process. While it discloses certain sustainability objectives, including those related to climate, water and social inclusion, there is room to establish group-wide targets for the most material parts of its value chain. Additionally, while the company reports against some targets, it has an opportunity to report consistently against all its targets.