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
While EID Parry and Coromandel, the company’s subsidiaries, commit to biodiversity considerations, the company itself has an opportunity to assess and disclose its impacts on nature, including biodiversity, within its own operations and in its supply chain. It also has the opportunity to evaluate its dependencies on nature within its operations and assess the dependencies on nature 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 EID Parry, a subsidiary of the company, has been transparent about its facilities being located away from ecologically sensitive zones and not being prone to ecological risks, there’s an opportunity for the parent company to enhance its disclosure. Specifically, it would be beneficial to detail species populations near its own operations and provide insights about locations close to areas of biodiversity significance. Further, the company could amplify its commitment by detailing supplier locations adjacent to key biodiversity zones, revealing species in proximity to supplier sites, and highlighting the conservation status of species in its direct locales using recognized conservation 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. While one of its subsidiaries reports on air quality parameters of emissions of harmful air pollutants, the company has an opportunity to disclose this data at group level and set time-bound targets to reduce air pollutants across the most material parts of its value chain. It could also provide quantitative evidence regarding plastic use reduction and use of sustainable packaging, including the amount of plastic waste generated and proportions directed from or to disposal.
Water
The company has an opportunity to disclose relevant information on water withdrawal. The company does not appear to disclose metrics on water pollution, nor targets to reduce them. The company does not disclose a commitment to respect the right to water. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.
