Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Supply Chain
• Nutrition for Society

Environmental Achievements

• Reduced water consumption by 20% (ahead of target)
• Glanbia Performance Nutrition (GPN) adopted a target of zero waste to landfill at all manufacturing and warehouses by December 2018.
• GII maintained its zero waste to landfill standard
• Consumer Foods Ireland achieved a 43% reduction in landfill waste

Social Achievements

• Launched health and wellness framework with standardized programs for employees
• Overall employee engagement score of 87%, up 5% on 2015
• Continued leadership in food safety and quality
• Partnered with Governments of India and Malaysia on wellbeing initiatives (FitMalaysia and FitIndia)
• Over 14,000 attendees at GPN’s Sports Nutrition School

Governance Achievements

• Developed Group-wide environmental and corporate responsibility programmes, with specific, measurable goals
• Completed full-year Group environmental reporting across all operations
• Established a Global Quality Leadership Team (QLT) to develop a common code of practice across the Group

Climate Goals & Targets

Environmental Challenges

• Reducing greenhouse gas emissions, particularly from dairy cows
• Managing water resources in drought-prone areas (New Mexico, Idaho)
• Reducing waste across the Group

Mitigation Strategies

• Improving energy efficiency, switching to cleaner fuels, investing in renewable sources
• Improving water efficiency in facilities, focusing on reuse of water
• Implementing zero waste to landfill targets, enhancing employee training programs, and establishing robust recycling routes

Supply Chain Management

Responsible Procurement

• Glanbia Code of Conduct
• Responsible sourcing criteria
• Supplier adherence to Glanbia standards and compliance with laws, regulations, and social customs

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 guidelines, including the G4 Food Sector Supplement, UN Sustainable Development Goals

Environmental Metrics

ESG Focus Areas

• Our People
• Our World
• Our Supply Chain
• Our Society
• Climate Change
• Social Impact

Environmental Achievements

• 19% reduction in water use intensity over the 2015 baseline
• Zero waste to landfill for all GPN and GI sites
• 54.6% of energy from renewable sources
• 1.5% reduction on 2018 carbon footprint (Scope 1 and 2)

Social Achievements

• 72% employee engagement score
• €625,000 raised for Breast Cancer Ireland across Ireland and the US
• 20,400 consumers engaged in GPN nutritional education programmes
• Enhanced parental leave benefits for all employees in the US and Ireland

Governance Achievements

• Establishment of the Diversity & Inclusion Strategy Working Group
• Updated Group-wide procurement policy
• Implementation of a global Root Cause Analysis module and a standardized risk assessment tool

Climate Goals & Targets

Environmental Challenges

• Covid-19 impact on business operations and supply chain

Mitigation Strategies

• Prioritized keeping people safe, supply chain moving, and business financially strong
• Implemented a global crisis management process, including biosecurity program, remote working, and social distancing

Supply Chain Management

Responsible Procurement

• Updated Group-wide procurement policy
• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, CDP

Certifications: ISO 14001, OHSAS 18001/ISO 45001

UN Sustainable Development Goals

• 2
• 3
• 12
• 13

Alignment with SDGs based on materiality assessment.

Sustainable Products & Innovation

• Lecithin-free protein powders
• Innovative cheese ingredient technology reducing emulsifying salts and sodium

Awards & Recognition

• Greater Suzhou Best Employer Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Waste Reduction
• Water Intensity Reduction
• Responsible Nutrition
• Diversity and Inclusion
• Sustainable Supply Chain

Environmental Achievements

• Reduced CO2 emissions by 8% since 2018 (operational control facilities)
• Achieved zero waste to landfill at GPN sites
• Reduced water use intensity by 17% since 2015

Social Achievements

• Launched a Group-wide Diversity and Inclusion (D&I) strategy
• Improved employee engagement to 72%
• Donated over €3.6m worth of products to support Covid-19 first responders and frontline workers

Governance Achievements

• Established a new Board ESG committee
• Appointed a Chief ESG and Corporate Affairs Officer
• Included ESG metrics for executive remuneration

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 emissions (86% of total emissions from milk supply chain)
• Achieving zero waste to landfill across all operational sites by 2025
• Setting 2030 targets for water intensity reduction

Mitigation Strategies

• Partnership with suppliers and investment in on-farm advisory support and reporting tools to reduce Scope 3 emissions
• Implementation of a Group-wide approach to waste management with innovative circular economy solutions
• Conducting water risk assessments and audits to inform 2030 targets

Supply Chain Management

Responsible Procurement

• Global Procurement Policy
• Supplier Code of Conduct
• Commitment from suppliers to anti-slavery and human trafficking policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 12
• SDG 13

Alignment with SDGs 2 (Zero Hunger), 3 (Good Health and Well-being), 12 (Responsible Consumption and Production), and 13 (Climate Action)

Sustainable Products & Innovation

• Edible films and coatings

Awards & Recognition

• International Dairy Foods Association 2020 Safety Recognition Award
• Best Leadership Development Award (Institute of Training and Development)
• Graduate Employer of the Year (<40 intake) at Graduate Ireland’s 2020 Recruitment Awards
• Family Friendly Business Gold Award (South West Cheese)
• ProFood World Magazine Manufacturing Innovation Award (MWC)

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Health and Safety
• Food Safety and Quality
• Diversity, Equity and Inclusion (DE&I)
• Climate Change
• Responsible Sourcing

Environmental Achievements

• Updated Scope 1 & 2 reduction commitment – aligned to 1.5 degrees Celsius pathway.
• Approval of supporting decarbonisation plan comprised of operational improvements and renewable electricity procurement.
• Upgrading of our waste targets to externally accredited TRUE zero waste certification.
• Continued focus on consumer packaging innovation and recyclability.
• Enhanced analysis including financial quantification assessment on the identified climate-related risks and opportunities.

Social Achievements

• Three Employee Resource Groups – Glanbia NOW (Network of Women), Mosaic (multi-cultural) and True Colours (LGBTQIA+) were set up.
• Suite of global training modules deployed, including ‘fostering inclusion’ learning and development programme and ‘unconscious bias’ leadership training.
• Initiatives from our employee engagement survey, including improved flexible working and parental leave.
• Continued improved health and safety metrics, with zero critical injuries reported during 2022.
• All manufacturing sites continue to maintain an externally recognised certification in quality food safety, such as those recognised by the Global Food Safety Initiative (“GFSI”).
• Embedding of EcoVadis risk assessment as part of our supplier due diligence process.

Governance Achievements

• Attending externally facilitated Board training sessions supporting our ESG strategy.
• Reviewing and approving Glanbia’s externally published ESG policies, including the updated Code of Conduct, Supplier Code of Conduct and Anti-bribery and Corruption policy.
• Approval of ESG targets within STIP and LTIP remuneration targets.
• Enhanced and more transparent ESG reporting through use of the GRI reporting framework.
• External review of the Group’s ESG data systems and related processes.

Climate Goals & Targets

Environmental Challenges

• Evolving ESG reporting landscape with recently added requirements such as reporting under the Task Force on Climate-related Financial Disclosures (TCFD) framework and upcoming legislative requirements, including the EU Corporate Sustainability Reporting Directive (CSRD), which enacts mandatory sustainability reporting standards.

Mitigation Strategies

• Aligning to the Global Reporting Initiative (GRI) reporting standards, with a separate GRI report relating to full year 2022 planned for release in May of 2023.
• Updating our ESG material topics impact assessment.
• Carrying out a review of our IT system capabilities to support disclosure requirements.

Supply Chain Management

Responsible Procurement

• EcoVadis risk assessment
• Group procurement protocols

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: GFSI

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water
• Waste
• Packaging
• Biodiversity
• Employee Engagement & Development
• Employee Wellbeing
• Diversity, Equity & Inclusion
• Responsible Sourcing
• Food Safety & Quality
• Nutrition
• Business Ethics

Environmental Achievements

• 15.9% reduction in Scope 1 and 2 GHG emissions compared to 2022
• 63% of electricity consumed from renewable sources
• 76% of GPN packaging (by weight) is now recyclable
• 97% of total waste diverted from landfill and incineration
• 97% of food waste recycled to animal feed
• 3.4% decrease in absolute freshwater withdrawal

Social Achievements

• Employee engagement score of 72 points (up 1 point since 2022)
• 40% female management participation in 2023, increase of 2% versus 2022
• 5% improvement in lost time incident rate versus 2022
• Zero critical incidents in 2023
• EcoVadis scorecard programme covers 54% of Glanbia’s 2023 spend

Governance Achievements

• ESG targets incorporated within executive incentive plans (20% long-term, 10% short-term)
• 100% of Glanbia sites maintain a globally recognised third-party certification for food safety & quality in 2023
• No significant instances of non-compliance with laws and regulations during 2023

Climate Goals & Targets

Environmental Challenges

• Reducing Scope 3 dairy emissions (inherently complex and challenging)
• Achieving 100% TRUE Zero Waste certification by 2025 across all sites
• Reducing food waste by 50% by 2030 vs 2021 baseline
• Addressing biodiversity-related risks and impacts in the supply chain

Mitigation Strategies

• Partnership with suppliers and wider dairy industry on Scope 3 emissions
• Development of a dairy farm economic impact model
• Phased rollout of TRUE Zero Waste certification program
• Initiation of a project to assess biodiversity impacts and identify high-priority areas

Supply Chain Management

Supplier Audits: EcoVadis scorecards for 54% of total spend; 141 suppliers identified for corrective actions under labor & human rights; 220 under environment

Responsible Procurement

• Supplier Code of Conduct
• EcoVadis assessments
• Responsible sourcing criteria in supplier selection

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (2021), TCFD recommendations, UN SDGs

Certifications: ISO 14001 (implied), ISO 45001 (implied), TRUE Zero Waste (pilot site)

Third-party Assurance: FBRH Consultants Ltd

UN Sustainable Development Goals

• SDG 2: Zero hunger
• SDG 3: Good health and wellbeing
• SDG 5: Gender equality
• SDG 8: Decent work and economic growth
• SDG 12: Responsible consumption and production
• SDG 13: Climate action

Glanbia's business activities contribute to these goals through product development, employee programs, sustainable practices, and community engagement.

Sustainable Products & Innovation

• Optimum Nutrition refillable bag program