Koch Industries

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

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.

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

Act ethically
The company discloses a public commitment to protect personal data and its approach to lobbying and political engagement in a policy statement.

Respect human rights
The company indicates it has a human rights grievance mechanism accessible to all workers. It also indicates that it has a human rights grievance mechanism accessible to all external stakeholders who may be adversely impacted by the company.

Lobbying
The company does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

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 discloses no sustainability strategy with nature-related targets and does not report on sustainability accountability within its governance structure.

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 1, 2 and 3 greenhouse gas emissions as well as report progress against them. 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
The company has an opportunity to disclose assessments of its impacts on nature, including biodiversity, within its own operations and in its supply chain. It also has the opportunity to disclose 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
The company 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
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 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 on bribery and corruption, and include anti-bribery and anti-corruption clauses in its contracts with business relationships. It could also disclose its processes for identifying and addressing bribery and corruption, along with implementing a grievance mechanism for stakeholders to raise related complaints. Additionally, the company could specify that it does not make political contributions and divulging its lobbying expenditures.

Provide and promote decent work
The company has an opportunity to disclose a policy commitment to respecting the health and safety of workers across both its operations and supply chain. Moreover, it could strengthen this by presenting evidence of its monitoring of suppliers’ adherence to health and safety standards.

Furthermore, there’s room for the company to enhance its transparency by revealing a time-bound target for paying a living wage for all employees. The company could effectively work towards this objective by disclosing the process of determining the living wage in various operational regions. Additionally, the company could illuminate its collaboration with suppliers to ensure the implementation of living wage practices.

Simultaneously, the company could take a significant step by committing to gender equality and women’s empowerment. To reinforce this commitment, it could disclose related targets while showcasing the representation of women on its highest governance body.

Respect human rights
The company could disclose the results of its human rights risk assessment. 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.