Analyze the overall structure of the company’s report
Materiality: How does the company identify and address its material sustainability issues? (→ Exercise 2)
Strategy and governance: How does the company address its overall business strategy and responsibilities with regard to sustainability?
Value chain: How does the company address its value chain?
Metrics: Does the company disclose quantitative information?
Climate-related reporting: How does the company disclose its scope 1, scope 2 and scope 3 GHG emissions and related reduction targets? (→ next week’s in-classroom exercise)
Task
Analyze the overall structure of the company’s report
lot’s of colors, pretty pictures
few KPIs, numbers, hard facts
Materiality: How does the company identify and address its material sustainability issues? (→ Exercise 2)
no materaility assesment in report → not ESRS compliant
Strategy and governance: How does the company address its overall business strategy and responsibilities with regard to sustainability?
there seems to be some “sustainability management” (page 17, bottom right)
what this is no clue - department, group of people, group within advisory board, single person?
contact information provided (page 50, bottom left)
otherwise no governance structure, no mention of departments, etc
Value chain: How does the company address its value chain?
100% traceable cocoa - not much about actual sustainability standards
el cacao has 50 tonnes production (as of 2023) in it’s lifetime
~0.1% of annual demand
palm fats - some stats like FONAP or “segregated” level
segregated … not mixed with non-sustainable oil
milk powder - just “Origin Green Standard”, not much more
hazelnuts - no real information, just goal of supplying 20% from own production
Metrics: Does the company disclose quantitative information?
very little, the quantitive information they do disclose is not convincing
lots of “noise” with numbers as they are not put into perspective and the numbers of impact are hidden
e.g. el cacao - how many trees were planted is stated - how much yield they got from it is not
ratio child labor cases to households in own programmes in west africa: 3.97% (cocoa report 2023 - page 9 - calculated from table)
Climate-related reporting: How does the company disclose its scope 1, scope 2 and scope 3 GHG emissions and related reduction targets? (→ next week’s in-classroom exercise)
no disclosure, just about offsetting scope 3 emissions
scope 3 only mentioned once in beginning, no numbers
emissions only mentioned with reduction, never with values
only thing mentioned is the power consumption and share of own energy production (page 22)
from that one can calculate that “acquesition of renewable energy sources” will in total stay about the same
2002: 17.15 GWh
vision: 18 GWh
main change is switching from natural gas to “own systems”