September 16, 2022
(press release)
–
Barry Callebaut is positioned as #1 out of 579 companies in the ‘Food Product’ category by Sustainalytics. This is the fourth consecutive year that Barry Callebaut has been recognized as an industry leader in the management of the Environmental, Social and Governance (ESG) risks in our supply chain. This result once again confirms our leadership position, not only in the cocoa and chocolate sector, but also in comparison to our peers in the broader food and beverage industry. Barry Callebaut’s overall rankings increased this year in all ESG streams - Environmental, Social and Governance. Company ESG Risk Rating by Sustainalytics The company is at low risk of experiencing material financial impacts from ESG factors, due to its high exposure and strong management of material ESG issues…. Barry Callebaut's sustainability endeavors are reflected in the fact that the company's Sustainalytics ESG Risk Rating is the lowest in its subcategory and first among its peers. Stakeholder engagement Identifying and addressing the key ESG issues facing our business and our approach to addressing these issues requires regular dialogue with our stakeholders. This principle underpins our approach to our non-financial reporting and our materiality assessment which is undertaken every 2 -3 years. Transparent Reporting As part of our commitment to transparency and integrity, we are committed to assessing and reporting on our ESG risks. We publicly disclose our GRI Reports, which we publish on an annual basis alongside our third-party verified Forever Chocolate Progress Report and Assurance Reports. We also have a public dedicated page covering a range of key ESG topics that impact our operations and supply chain. This incudes our latest CDP Reports, Human Rights Policy, Supplier Code and Sustainable Sourcing Policies, as well as our approach to reducing deforestation and carbon emissions and child labor. What is Morningstar Sustainalytics? Morningstar Sustainalytics is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. For nearly 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, the firm works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider sustainability in policies, practices, and capital projects. For more information, visit www.sustainalytics.com. Taryn Ridley Working as Lead, ESG Integration and Communications in the Corporate Communications team of Barry Callebaut. Native Australian, but loves living in the land of the Toblerone. Passionate about a range of sports, nature and travelling.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
