BioMar

Sustainability strategy and accountability
BioMar 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.

Ecosystem conversion and restoration
BioMar has a commitment to ensure zero conversion.

GHG emissions
BioMar discloses its target to be scope 1 and 2 carbon neutral within its own operations by 2045, against the baseline year of 2020, and 4.2% year-on-year absolute scope 1 and 2 GHG emissions reduction by 2030 and it reports progress against these scope 1 and 2 targets. Additionally, the company discloses quantitative reductions for its scope 1 and 2 emissions, i.e., a reduction of 7.6% in 2022 from 2021. Furthermore, company’s scope 1, 2 and 3 emissions targets are aligned with a 1.5-degree trajectory.

Resource exploitation and circularity performance
BioMar discloses which organisms it directly exploits for commercial uses, including wild animal and plant species. The company discloses activities to improve soil health or agrobiodiversity in its production or sourcing practices.

Water
BioMar requires access to water and sanitation, including refraining from negatively affecting access to safe water, to be included in contractual arrangements with its business relationships.

No leading practices were identified in the social inclusion and community impact area.

Act ethically
BioMar discloses a policy on bribery and corruption and includes anti-bribery and anti-corruption clauses in its contractual agreements with business relationships. Furthermore, it describes that it has a grievance mechanism allowing stakeholders to raise related concerns.

Provide and promote decent work
BioMar discloses a policy commitment to respecting the health and safety of workers for its operations and supply chain and provides evidence of how it monitors its suppliers’ performance on health and safety standards. Additionally, it discloses a time-bound target for paying all workers a living wage or state that it has achieved paying all workers a living wage and describes how it determines a living wage for the regions where it operates. Furthermore, the company publicly states that workers shall not be required to work more than 48 hours in a regular work week or 60 hours including overtime in its operations and supply chain.

Moreover, BioMar discloses the proportion of women in its total direct operations workforce for each employee category and that of its total direct operations workforce for each employee category by race or ethnicity. It also publicly commits to gender equality and women’s empowerment and discloses a related target.

Respect human rights
BioMar discloses a policy statement committing to respecting human rights and the fundamental rights at work declared by the ILO in its operations and supply chain. It also provides a case study describing how it has acted on a salient human rights risk issue and indicates it has a human rights grievance mechanism accessible to all workers and external stakeholders who may be adversely impacted by the company.

Lobbying
While BioMar has an opportunity disclose a list of trade associations of which it is a member, it has an opportunity to disclose a clear and detailed framework for assessing alignment of its trade associations with its sustainability targets and to report (potential) misalignments.

Stakeholder engagement
BioMar has an opportunity to disclose an overview of the issues raised by each stakeholder group during its stakeholder engagement activities and to describe its process for engaging with stakeholder groups, beyond its materiality assessment.

Sustainability strategy and accountability
BioMar discloses some sustainability objectives/targets including social inclusion and climate. However, there is an opportunity to establish group-wide targets for the most material parts of its value chain. Also, while the company reports consistently against some targets including climate and social inclusion, it could report consistently against all its targets.

Additionally, although the company assigns decision-making and oversight responsibility for its sustainability strategy to senior management, it could assign decision-making and oversight responsibility for its sustainability strategy to the highest governance body. Furthermore, 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. Lastly, it could improve its transparency by disclosing whether its highest governance body has expertise with respect to the company’s most material sustainability topics.

Ecosystem conversion and restoration
BioMar does not have time-bound targets to achieve conversion-free supply chains. While the company discloses some evidence of addressing conversion, this does not guarantee DCF-aligned practices.

Finally, the company is not committed to ecosystem restoration and does not disclose details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

GHG emissions
BioMar discloses its target to reduce absolute scope 3 GHG emissions from purchased goods and services 30% by 2030 from a 2021 base year. However, the company should set a target that covers all of its scope 3 emissions and report progress against it.

Impact and dependencies assessment
While BioMar conducts environmental impact assessments and life cycle assessments, and has even created BioSustain impact parameters, it still has the opportunity to assess its impacts on nature and biodiversity within its own operations. Similarly, although the company expects its suppliers to measure their environmental impacts through recognized methodologies, there is room to assess impacts on nature, including biodiversity, within its supply chain. The company also has the opportunity to evaluate its dependencies on nature in both its own operations and its upstream business relationships.

Invasive species
BioMar has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Key areas and species
BioMar has an opportunity to disclose locations within or adjacent to areas important for biodiversity, both in its own operations and its supplier locations. It could also disclose existing species populations existing in or adjacent to both its own and its suppliers’ locations, as well as the conservation status of species identified at its own sites according to national and international lists.

Resource exploitation and circularity performance
BioMar has an opportunity to disclose its inputs according to an international standard, and to report quantitatively on its group-wide circularity performance. The company also has an opportunity to disclose a target to improve soil health in its production or sourcing practices and to report progress against it.

Solid and air pollution
BioMar does not disclose relevant information related to pollution in its operations or supply chains.

Water
BioMar does not disclose relevant information on water withdrawal and water pollution, and it does not disclose a commitment to respect the right to water.

Indigenous Peoples’ and land rights
BioMar does not show if it is committed to respecting Indigenous Peoples’ rights or land rights of local communities.

Safe, clean, healthy and sustainable environment
BioMar has an opportunity to commit to respecting local communities’ right to a safe, clean, healthy and sustainable environment, and to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. Moreover, it should track its actual or potential negative impacts on the health of local communities.

Act ethically
BioMar could disclose its processes for identifying and addressing bribery and corruption. It also has an opportunity to disclose its approach to lobbying and political engagement in a public policy document and state that it does not make political contributions and divulge its lobbying expenditures.

Provide and promote decent work
BioMar has an opportunity to disclose how it works to support the payment of a living wage by its suppliers. Furthermore, 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
While BioMar conducts a human rights impact assessment and due diligence in its operations and supply chain, it has an opportunity to describe a comprehensive process for assessing and identifying human rights risks and impacts across all its activities and supply chain, and its salient human rights issues. Furthermore, it could describe what it considers to be salient human rights issues, how relevant factors are considered and how it acts to prevent, mitigate or remediate its salient human rights issues through a global system.