OEC

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

No leading practices were identified in the ecosystems and biodiversity area.

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

Sustainability strategy and accountability
OEC does not disclose its process for identifying and prioritising its most relevant sustainability topics and impacts nor group-wide targets on key sustainability topics for the most material parts of its value chain. No clear evidence that the company discloses having persons, teams or committees within the company responsible for the implementation of its sustainability strategy could be found in the public domain. Furthermore, OEC does not report whether it assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. No evidence was found that the company links performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues. The company also does not disclose whether its highest governance body has expertise regarding nature-related topics.

Stakeholder engagement
OEC does not disclose how it engages with stakeholders, nor the issues it raises during such activities.

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

Impact and dependencies assessment
OEC has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.

Key areas and species
The company does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.

Ecosystem conversion and restoration
OEC does not disclose a commitment to ensure zero conversion nor time-bound targets to achieve conversion-free supply chains. While the company has a commitment to minimise ecosystem conversion and discloses some activities to minimise ecosystem conversion, it does not disclose a commitment to restore ecosystems. The company also does not disclose details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

Resource exploitation and circularity
OEC does not disclose its inputs, including its material footprint. The company does not report quantitatively on its group-wide circularity performance. The company does not disclose efforts to improve soil health.

Water
OEC does not disclose relevant information related to water, in its operations or supply chains. It has a strong opportunity to do so.

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

GHG emissions
While OEC states it received the Gold Seal in the GHG Protocol Program and is a reference when it comes to low carbon economy, no evidence that the company discloses quantitative reductions for segments of its scope 1 or scope 2 emissions. Furthermore, the company states it has defined strategies to reduce its emissions but no evidence that the company has a target to reduce its scope 1 and 2 emissions could be found in the public domain. OEC has a strong opportunity to set a scope 1 and 2 emissions target aligned with a 1.5-degree trajectory. Additionally, no evidence that the company reduces its scope 3 emissions was found. OEC has an opportunity to disclose a scope 3 emissions target aligned with a 1.5-degree trajectory.

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

Safe, clean, healthy and sustainable environment 
OEC does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

Indigenous Peoples’ and land rights 
OEC does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities.

While the company discloses that it conducts due diligence in general, it has an opportunity to specify that it conducts human rights due diligence that includes a process for identifying human rights risks and impacts through its business relationships. No evidence that the company describes its process for assessing its human rights risks and discloses what it considers to be its salient human rights issues was found. No evidence was found that the company has a global system to act on its salient human rights issues. While the company discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found.

The company has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. The company has a publicly available policy statement which shows it expects its suppliers to commit to respecting the health and safety of their workers. No evidence that the company discloses a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage was found. No evidence that the company describes how it determines a living wage for the regions where it operates was found. While the company states that it expects its suppliers to pay wages that are sufficient for workers and their families to fulfil their basic needs, it has an opportunity to disclose how it works to support the payment of a living wage by its suppliers. No evidence that the company discloses the proportion of its total direct operations workforce covered by collective bargaining agreements was found. While the company states that it encourages its suppliers to respect employees’ right to freedom of association and the right to collective bargaining, it has an opportunity to describe how it works to support the practices of its suppliers in relation to those.

No evidence that the company has a publicly available global tax strategy was found. The company states that it carries out due diligence on combating corruption, however, it does not describe the process to identify its bribery and corruption risks and impacts in specific locations or activities covering its own operations. The company has a supplier code of conduct in which it prohibits bribery and corruption, however, it is not clear that it requires mandatory compliance with it by its suppliers, and that any breach of the code of conduct will or could result in termination of supplier contracts/relationships. The company outlines its approach to lobbying and political engagement but does not formalise this approach in a public policy document. The company specifies that it does not make political contributions.