Intercorp

No leading practices were identified in the governance and strategy area.

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

Solid and air pollution
The company demonstrates commitment and has policies related to plastic use reduction and transitioning towards sustainable packaging.

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

No leading practices were identified in the core social indicators area.

Lobbying
The company has an opportunity disclose a list of trade associations of which it is a member. Additionally, iy 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 does not disclose how it engages with stakeholders, nor the issues it raises during such activities.

Sustainability strategy and accountability
The company could improve its performance by disclosing its sustainability strategy with nature-related targets at group level. Also, it has an opportunity to assign decision-making and oversight responsibility for its sustainability strategy to the highest governance body at group level. Furthermore, it could link performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, 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 should set time-bound targets to reduce its scope 3 greenhouse gas emissions as well as report progress against all of its scope 1, 2 and 3 targets. Crucially, the company needs to reduce its scope 1,2 and 3 emissions and its targets need to align with a 1.5-degree trajectory.

Impact and dependencies assessment
While the company’s subsidiary indicates the impact of its operations on the environment and nature and adopts low-carbon technologies to protect biodiversity and natural resources, it still has an opportunity to assess its impacts on nature, including biodiversity, and disclose the methodology and results of these assessments at the parent company level. The company also has yet to disclose any assessments of its impacts on nature in its supply chain, as well as its dependencies on nature within its own operations and 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’s subsidiary states that it refrains from conducting activities in areas deemed cultural heritage or protected natural reserves, it has an opportunity to provide justification for the methodology or tools employed to identify these areas. Furthermore, there is no evidence of the parent company disclosing the complete list of locations (owned and controlled) where it conducts activities. Additionally, the company does not disclose the locations of its suppliers operating in or adjacent to vital biodiversity areas, nor does it provide data on species populations within its own operations or its suppliers’ locations. Moreover, the company does not disclose the conservation status of species identified within its own sites in accordance with national and international conservation lists.

Resource exploitation and circularity performance
While the company discloses its plastic packaging use, it has an opportunity to disclose all its inputs according to an international standard. The company does not report quantitatively on its group-wide circularity performance. Furthermore, while the company encourages its suppliers to apply soil conservation techniques, it is unclear whether the company’s action is leading to soil health improvements and/or an increase of agrobiodiversity in its production and/or sourcing practices. The company has an opportunity to disclose a target to improve soil health in its production or sourcing practices and report progress against it.

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

Water
The company does not disclose relevant information related 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. Moreover, it should track its actual or potential negative impacts on the health of local communities.

Act ethically
The company has an opportunity to disclose a policy statement prohibiting bribery and corruption and include anti-bribery and anti-corruption clauses in its contracts with business relationships at group level. Furthermore, it could describe its process for identifying its bribery and corruption risks and impacts covering its own operations and a grievance mechanism accessible to all stakeholders to raise related concerns at group level.

Moreover, the company could disclose a policy setting out its lobbying and political engagement approach. While it states that its subsidiary does not make political contributions in sustainability report, it could formalise this commitment in a public policy document at group level. Also, it could disclose lobbying expenditures in all locations where it carries out lobbying activities or specify it only does so in specific countries or regions and further require third-party lobbyists to comply with its lobbying and political engagement policy.

Provide and promote decent work
The company has an opportunity to disclose a policy statement committing it to respect the health and safety of workers in its operations and supply chain at group level. Furthermore, it could disclose how it monitors the health and safety performance of its suppliers at group level.

Moreover, while the company states that it pays a legal wage to its employees and expects the same from its suppliers, it could commit to paying a living wage by setting a time-bound target at group level and disclose how it determines a living wage for the regions where it operates and how it works to support its suppliers in paying a living wage at group level.

In terms of gender equality and women’s empowerment, the company could disclose a public commitment and time-bound targets. Also, 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
The company has an opportunity to disclose a policy statement committing to respecting human rights and the fundamental rights at work declared by the ILO in its operations and supply chain at group level.
Moreover, the company has an opportunity to describe the process for identifying its human rights risks and impacts in specific locations or activities, covering its own operations and its supply chain although it conducts supply chain due diligence in general. Furthermore, it could disclose the results of its human rights risk assessment and its process for assessing and identifying what it considers to be its salient human rights issues. Lastly, the company has an opportunity to disclose a global system to act on, prevent or mitigate its salient human rights issues.