OUG Holdings

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

No leading practices were identified in the ecosystems area.

No leading practices were identified in the traceability area.

No leading practices were identified in the social responsibility area.

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

Sustainability strategy
OUG Holdings has an opportunity to disclose sustainability strategy with ecosystems, traceability and social issues targets.

Accountability for sustainability strategy
OUG Holdings has an opportunity to report on sustainability accountability within its governance structure.

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

Lobbying and advocacy
OUG Holdings has an opportunity to report on its lobbying and advocacy practices on sustainability-related issues, and whether these activities align with its sustainability strategy.

Sustainable fisheries and aquaculture
OUG Holdings has an opportunity to provide evidence of a commitment to sustainable fishing and aquaculture with reference to environmental sourcing criteria.

Ecosystem impacts of fisheries
OUG Holdings lacks public disclosure about its activities to manage the impacts of the fisheries it sources from. Therefore, OUG Holdings can significantly improve by disclosing how it addresses the ecosystem impacts linked to its fisheries products.

Ecosystem impacts of aquaculture
OUG Holdings does not disclose information about how it promotes sustainable aquaculture practices in its operations and supply chains. The company can improve its performance by disclosing how it addresses important issues in aquaculture, such as antibiotics use, aquaculture feed use and animal welfare.

Traceability systems and commitments for seafood products and aquaculture feed ingredients
OUG Holdings does not disclose a commitment to traceable seafood nor any information about how it traces and verifies the origins of seafood products. Therefore the company can improve in this area by formulating a commitment to traceable seafood and providing information about the traceability system(s) in place in its operations and supply chain, including key data elements that are collected and the mechanisms used to verify the information along the supply chain.

Risk-based approach to illegal, unreported and unregulated (IUU) fishing
OUG Holdings does not disclose a risk-based approach towards IUU fishing.

Disclosure of the source of seafood products and marine feed ingredients
OUG Holdings does not publicly disclose information about the source of its seafood products. OUG Holdings can improve its performance by disclosing an overview of its fishing and aquaculture operations and the seafood products it sources, including information about species, geographic location, and management status.

Forced Labour
OUG Holdings has an opportunity to disclose forced labour requirements for its operations and supply chain such as a prohibition to pay recruitment fees, to retain workers’ personal documents or to restrict workers’ freedom of movement. Further, it could provide evidence of how it builds the capacity of its suppliers to prevent forced labour impacts.

Farmer and fisher livelihoods
OUG Holdings has an opportunity to identify living income benchmarks and assess living income gaps for some commodities and regions. Also, it could adopt procurement practices and develop supply chain relationships that improve fisher and farmers’ income resilience.

Working and living conditions on board fishing vessels
No evidence was found of a group-level approach to verify decent working and living conditions on fishing vessels. OUG Holdings can improve its performance by ensuring that working and living conditions on vessels in its supply chain are monitored, disclosing monitoring results and demonstrating how risks are mitigated and improvements are implemented, where needed.

Respect human rights
OUG Holdings has the opportunity to disclose a policy statement that commits to respecting human rights and the ILO fundamental rights at work within its operations and supply chain. Furthermore, the company could articulate a comprehensive process for identifying risks and impacts related to human rights throughout all its activities and the supply chain. It could also elaborate on how it evaluates and identifies its salient human rights issues, and provide insight into how it considers relevant factors such as geographic, economic, and social aspects. Moreover, the company could unveil a global system designed to prevent, mitigate, or address its salient human rights issues.

Provide and promote decent work
OUG Holdings has an opportunity to disclose a policy commitment on worker health and safety in its operations and supply chain, and provide evidence on how it monitors supplier compliance. Additionally, it could set a time-bound target for paying all workers a living wage or state that it has achieved this goal. The company could also explain its method for determining a living wage in each region and how it supports suppliers in ensuring their workers receive a living wage. Moreover, it could commit to gender equality and women’s empowerment, and disclose related time-bound targets, along with information on the representation of women on the highest governance body, and ratio of basic salary and remuneration of women to men.

Act ethically
OUG Holdings has an opportunity to reveal a policy that prohibits bribery and corruption, while also incorporating anti-bribery and anti-corruption clauses into contracts involving business relationships. Additionally, it could outline its process for identifying risks and impacts associated with bribery and corruption, and disclose the presence of a grievance mechanism through which stakeholders can submit complaints related to these matters. Furthermore, the company could choose to disclose a policy that outlines its approach towards lobbying and political engagement. It should explicitly state that it refrains from making any political contributions and provide insight into the amount it allocates to lobbying activities.