Dexco

Lobbying
Dexco discloses a list of trade associations of which it is a member wherever it operates.

Stakeholder engagement
The company’s stakeholder engagement covers nature, including biodiversity, and social issues.

Sustainability strategy and accountability
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 and reports consistently against all its targets.

Ecosystem conversion and restoration
The company discloses details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

GHG emissions
The company has a time-bound target to reduce its scope 1 and 2 emissions.

Key areas and species
The company provides information on species populations near its sites and identifies its locations in proximity to areas significant for biodiversity.

Resource exploitation and circularity performance
The company discloses its inputs, including its material footprint.

Solid and air pollution
The company discloses total waste by type of disposal or recovery, by country and operation.

Water
The company reports how much water is withdrawn for its own operations in water-stressed areas.

Safe, clean, healthy and sustainable environment
Although more disclosure on the gravity and scale of the impact is needed, the company provides evidence of tracking its actual or potential negative impacts on the health of local communities.

Act ethically
The company has a policy prohibiting bribery and corruption. It also discloses a public commitment to protect personal data. Furthermore, the company includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships.

Provide and promote decent work
The company openly discloses its Supplier Management Program (GFD), which serves as a comprehensive risk and opportunity management system aimed at monitoring the health and safety performance within its business relationships. Furthermore, the company is transparent about the proportion of women within its total direct operations workforce across various employee categories.

The company also discloses the proportions of its total direct operations workforce for each employee category. To actively promote gender diversity, it has set a clear target to increase the percentage of women in leading positions by an ambitious 35% by the year 2025. Furthermore, the company reports that among its 10 board members, three are female, resulting in a 30% proportion of women on the board.

Lobbying
The company 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
The company 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, including frequency and channels, for engaging with stakeholder groups beyond materiality assessment.

Sustainability strategy and accountability
The company has an opportunity to disclose group wide targets on key sustainability topics for the most material parts of its value chain. Furthermore, while the company discloses a remuneration policy related to sustainability, it could link this policy to improvement in nature-related objectives and social issues. Lastly, the company 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
No evidence was found regarding the company’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

GHG emissions
The company has an opportunity to report progress against these scope 1 and 2 targets, which could potentially be aligned with a 1.5-degree trajectory. While the company does disclose its scope 1 and scope 2 emissions for 2020 and 2021, there is an unfortunate increase in the total amount of scope 1 and 2 emissions compared to the previous year. Additionally, the company has a chance to reduce its scope 3 greenhouse gas emissions and could benefit from disclosing a time-bound target for their reduction. Furthermore, the company should report progress against these scope 3 targets, with the potential to align them with a 1.5-degree trajectory.

Impact and dependencies assessment
While the company has an active Supplier Management Program conducting numerous assessments and audits on its suppliers, there’s an opportunity for the company to clarify the methodology used in these assessments and disclose the results. Furthermore, the company can expand its evaluation of impacts on nature, particularly biodiversity, across all its own operations and its supply chain. Additionally, the company could benefit from identifying and disclosing its dependencies on nature both within its operations and in its upstream business relationships.

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

Key areas and species
While the company does reveal the conservation status of species within their facilities, it could further enhance transparency by providing a detailed list of species and their statuses, both in and adjacent to its upstream business relationships, including suppliers. Additionally, there’s an opportunity to disclose the locations of its suppliers that are situated near areas important for biodiversity.

Resource exploitation and circularity performance
No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Solid and air pollution
The company should commit to avoid developing or marketing new chemicals or products with SVHC (substance of very high concern) properties, as well as work on reducing the production of hazardous substances and waste.

Water
The company has an opportunity to further improve water withdrawal by setting a time-bound target, showing year-on-year reductions in water withdrawal, and engaging with suppliers. The company does not disclose relevant information on water pollution or rights to water in its operations or supply chains.

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

Safe, clean, healthy and sustainable environment
The company 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.

Act ethically
The company could describe the process for identifying its bribery and corruption risks and impacts in specific locations or activities covering its own operations, and in doing so, it has an opportunity to have a policy setting out its lobbying and political engagement approach. Furthermore, the company also has an opportunity to disclose a publicly available policy statement specifying that it does not make political contributions, along with disclosing its expenditures on lobbying activities. In addition, the company could go a step further by disclosing that it requires third-party lobbyists to comply with its lobbying and political engagement policy.

Provide and promote decent work
The company has an opportunity to disclose quantitative information on worker health and safety. Furthermore, it can introduce a policy statement that expects its suppliers to prioritize the health and safety of their workers. While it currently pays its employees minimum wage, there is room for improvement by committing to a living wage with a clear, time-bound target. It can take it a step further by requiring suppliers to pay a living wage and outlining the measures in place to support this requirement.

Furthermore, the company has the opportunity to make a public commitment to gender equality and women’s empowerment. To provide transparency on gender-related matters, the company can disclose the ratio of basic salary and remuneration between women and men across different employee categories, categorized by significant locations of operation. These actions collectively demonstrate a comprehensive commitment to worker welfare and gender equality.

Respect human rights
The company has an opportunity to disclose a policy statement that commits to respecting human rights recognized as fundamental rights at work by the ILO, and extend this expectation to its suppliers. In terms of risk identification, the company has the chance to describe the process for identifying its human rights risks and impacts, covering both its own operations and its supply chain. Furthermore, it can outline a process for assessing and identifying its salient human rights issues. Finally, the company could establish a global system to address its salient human rights issues.