Tereos

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

Ecosystem conversion and restoration
The company is committed to restoring ecosystems.

Resource exploitation and circularity performance
The company discloses activities to improve soil health or agrobiodiversity in its production or sourcing practices.

Solid and air pollution
The company demonstrates commitment, partakes in activities and discloses quantitative data related to plastic use reduction and transitioning towards sustainable packaging.

Water
The company reports a decrease in water pollution.

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 a policy prohibiting bribery and corruption. It also includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships.

Provide and promote decent work
The company discloses how it monitors the health and safety performance of its business relationships.

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 has an opportunity to disclose how it engages with stakeholders, the issues raised during such activities, and the outcomes of its stakeholder engagement.

Sustainability strategy and accountability
While the company states that it has a materiality assessment, it has an opportunity to disclose its process for identifying and prioritising its most relevant sustainability topics and impacts. This should include how external stakeholders are involved in the process. Also, the company discloses some sustainability objectives/targets and reports consistently against some targets including climate. However, there is an opportunity to establish group-wide targets for the most material parts of its value chain and report consistently against all its targets. Additionally, although the company states that each group entity is responsible for implementation of its action plans, it could disclose whether its sustainability strategy covers both environmental and social strategy and assign decision-making and oversight responsibility for its sustainability strategy to the highest governance body. 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 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
While the company notes that some of its facilities have been classified as Zones of Natural Area of Interest for Ecology, Flora, and Fauna, it has an opportunity to disclose whether its operations are adjacent to internationally recognized conservation areas like UNESCO and Ramsar Sites. Additionally, it could improve transparency by identifying species populations and their conservation statuses around its own locations and those of its suppliers, as well as specifying if its suppliers’ locations are in or near important areas 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. It has an opportunity to report on air quality parameters of emissions of harmful air pollutants and disclose time-bound targets to reduce air pollutants across the most material parts of its value chain. The company could also report on the amount of plastic waste generated and proportions directed from or to disposal.

Water
The company does not disclose relevant information on water withdrawal. The company has an opportunity to improve on its water pollution disclosure by reporting on water pollution metrics and setting targets to reduce them. The company has an opportunity to disclose a time-bound target to reduce water withdrawal across its own operations and reports progress against the target. The company does not report a decrease in water pollution. The company has an opportunity to disclose quantitative evidence of reductions in water withdrawal across its own operations. 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.

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 could describe the process for identifying its bribery and corruption risks and impacts in specific locations or activities covering its own operations and disclose a confidential and anonymous mechanism accessible to all stakeholders to raise bribery and corruption concerns and complaints without fear of reprisals. Furthermore, it has an opportunity to have a policy setting out its lobbying and political engagement approach and specify that it does not make political contributions. The company could disclose its expenditures on lobbying activities and that it requires third-party lobbyists to comply with its lobbying and political engagement policy.

Provide and promote decent work
While the company has a health and safety policy and expects its business relationships to commit to respecting the health and safety of their workers, it has an opportunity to use stronger language to make them formal commitments. It has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage, how it determines a living wage for the regions where it operates and how it works to support the payment of a living wage by its suppliers. Additionally, the company has an opportunity to disclose a public commitment to gender equality and women’s empowerment and time-bound targets on gender equality and women’s empowerment at the group level, and that it has at least 30% women on the highest governing body. Lastly, the company could disclose the ratio of the basic salary and remuneration of women to men in its total direct operations workforce for each employee category, by significant locations of operation.

Respect human rights
The company has a publicly available policy statement committing it to respect human rights and respect the ILO’s fundamental rights at work, and discloses statements expecting its suppliers to respect the ILO’s fundamental rights at work; however, it has an opportunity to use stronger language to turn the statements into a formal commitment. The company also 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 supply chain. It could also describe its process for assessing and identifying what it considers to be its salient human rights issues and disclose the results of its human rights risk assessment and a global system to act on, prevent or mitigate its salient human rights issues.