Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Sustainability
• Employee well-being
• Community Investment

Environmental Achievements

• 10.4% reduction in CO2e emissions per tonne of production since 2008
• Exceeded 2016 CO2e emissions target
• Achieved a leadership position of A- in the CDP (formerly the Carbon Disclosure Project)

Social Achievements

• Launched a Group-wide review of safety processes and procedures following an industrial accident
• Recordable Incident rate remained at 0.76 and the Lost-work Case rate improved from 0.16 to 0.11 (excluding fatalities)
• Implemented initiatives to improve contractor safety culture, machine guarding, and ergonomics
• 924 employees participated in the Global Corporate Challenge

Governance Achievements

• Continued progress towards 2020 Ambition
• Strong shareholder support for Remuneration Policy (97.9% and 93.0% votes in favor)

Climate Goals & Targets

Environmental Challenges

• Industrial accident at a US grain elevator resulting in fatalities
• Continued weaker performance in North America Speciality Food Ingredients
• Significant decline in Food Systems profit in Europe due to blending site consolidation and credit issue
• Pricing pressure in the sucralose market

Mitigation Strategies

• Group-wide safety review with independent external expert consultancy
• Revised safety policies and technical standards for bucket elevators, safety training for grain elevator operators
• Re-alignment of European Food Systems business and focus on North American market for Bulk Ingredients
• Consolidation of SPLENDA® Sucralose production into a single facility
• Refocusing on higher-growth sub-categories in North America

Supply Chain Management

Responsible Procurement

• Code of Ethics
• Sustainable Sourcing Criteria for agricultural raw materials

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• CLARIA® Bliss
• DOLCIA PRIMA® Allulose
• MULTIVANTAGE® Syrup

Awards & Recognition

• Building Public Trust in Corporate Reporting Award for executive remuneration reporting

Environmental Metrics

ESG Focus Areas

• Climate change
• Sustainable agriculture
• Water reduction
• Waste management
• Equity, diversity and inclusion

Environmental Achievements

• 6% reduction in Scope 1 and 2 absolute greenhouse gas emissions from a 2019 baseline
• 13% reduction in Scope 3 absolute greenhouse gas emissions from a 2019 baseline
• 2% reduction in water use intensity from a 2019 baseline
• 92% waste beneficially used in 2022
• 439,000 acres of sustainable corn supported

Social Achievements

• 6.0 million tonnes of sugar removed from diets through low-/no-calorie sweeteners and fibres since 2020
• 3.6 million meals donated through food banks and other charitable partners since 2020
• 44% women in leadership and management roles

Governance Achievements

• 45% women on the Board of Directors
• 56% women on the Executive Committee

Climate Goals & Targets

Environmental Challenges

• Supply chain volatility due to the conflict in Ukraine and Covid-19 restrictions in China
• Significant cost inflation
• Drought in Europe reducing waxy corn supply

Mitigation Strategies

• Implemented a programme of supplementary price increases
• Focused on delivering productivity and strong cost discipline
• Developed alternative sourcing strategies for waxy corn

Supply Chain Management

Supplier Audits: 100 audits of high-risk suppliers (2023)

Responsible Procurement

• Code of Ethics
• Supplier sustainability requirements
• Due diligence programme for third parties

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (heatwaves, droughts, floods, wildfires)
• Impacts on corn and stevia supply

Transition Risks

• Carbon pricing
• Changes in regulation
• Shift to low-carbon transportation

Opportunities

• Increased demand for low-carbon plant-based products
• More efficient production processes
• Renewable energy sources

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001, ISO 45001, ISO 22000

Third-party Assurance: Arcadis

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 5
• SDG 12
• SDG 13

Initiatives contribute to these goals through supporting healthy living, building thriving communities, and caring for the planet.

Sustainable Products & Innovation

• CLARIA G® starch

Awards & Recognition

• FTSE 250 Trailblazer ExCo and Direct Reports award at the Balance in Business Awards 2023

Environmental Metrics

ESG Focus Areas

• Climate change
• Water
• Waste
• Sustainable agriculture
• Equity, diversity and inclusion
• Nutrition

Environmental Achievements

• 7.9m reduction in Scope 1 and 2 absolute greenhouse gas emissions from baseline of year ended 31 December 2019
• 4.2m reduction in Scope 3 absolute greenhouse gas emissions from baseline of 31 March 2020
• 45% electricity purchased for our operations from renewable sources
• 90% waste beneficially used in the year ended 31 December 2023
• 76m increase in water use intensity from baseline of year ended 31 December 2019

Social Achievements

• 4.2 million meals donated through food banks and other charitable partners from baseline of 31 March 2020
• 45% women in leadership and management roles at 31 March 2024
• 56% women on Executive Committee at 31 March 2024
• 50% women on Board of Directors at 31 March 2024

Governance Achievements

• Refreshed Code of Ethics
• 98% of employees trained in Code of Ethics
• 98% of employees (who need it) trained in anti-modern slavery/human trafficking
• 99% of employees (who need it) trained in anti-corruption
• 98% of employees (who need it) trained in data protection
• 99% of employees (who need it) trained in competition law

Climate Goals & Targets

Environmental Challenges

• Considerable economic volatility
• Cost-of-living crisis
• Softer consumer demand
• Customer destocking
• Ongoing geopolitical turmoil
• Higher energy prices
• Climate change and geopolitical conflicts affecting supply chains
• Drought in Europe affecting waxy corn
• Potential for new emissions trading schemes in the US and China

Mitigation Strategies

• Focus on margin expansion ahead of volume
• Mix management
• Productivity savings
• Cost discipline
• Strong customer service
• Continuous improvement
• Regional management structure
• Investment in data-led systems
• Smart manufacturing investment programme
• Digital ways of working
• Sustainable agriculture programmes
• Alternative sourcing strategies for waxy corn
• Winterisation plans for plants in areas affected by severe winter weather
• Adaptation of logistics and multiple suppliers for key ingredients and transportation routes

Supply Chain Management

Supplier Audits: 102/year

Responsible Procurement

• Code of Conduct
• Supplier sustainability requirements
• Due diligence reviews of higher-risk suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (higher temperatures, drought, wildfire, flooding, tropical storms)
• Drought affecting waxy corn supply
• Disruption to distribution network due to weather events

Transition Risks

• Increasing stakeholder expectations on emissions reduction
• New carbon tax legislation and pricing mechanisms
• Global move to lower-carbon transport
• Changes in regulation, policy, and technology

Opportunities

• Increased market demand for low-carbon, plant-based products
• More efficient production processes and renewable energy sources
• Lower-carbon transport options

Reporting Standards

Frameworks Used: GRI, TCFD, UNGC, TNFD

Certifications: ISO 14001, ISO 45001, ISO 22000, FSSC 22000 GFSI

Third-party Assurance: Arcadis

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 5
• SDG 12
• SDG 13

Initiatives contribute to these goals through supporting healthy living, building thriving communities, and caring for our planet.

Sustainable Products & Innovation

• TASTEVA® SOL Stevia Sweetener
• CLARIA G®

Awards & Recognition

• CDP 'A' rating for supplier engagement on climate change
• CDP Supplier Engagement Rating Leaderboard
• Newsweek's 1,000 most trustworthy companies