Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• Social responsibility
• Commercial responsibility

Environmental Achievements

• Received certification through Toitū’s carbonreduce programme, with 2023 as our base year. Scope 1, 2 and 3 emissions of our supply chain were measured and verified by third-party organisation Toitū Envirocare.
• Ultra filtration plant water savings of 32 million litres of water each year.
• 78th percentile sustainability rating on the EcoVadis global platform.
• Supplier B member rating on the Sedex online ethical data exchange platform. Most recent SMETA audit was held in 2023.

Social Achievements

• Launched refreshed people strategy with focus on leadership, culture, talent and future capability. Initiatives included leadership training, Clifton Strengths coaching, and wellbeing events.
• Provided funds for sports, technology and educational activities to four local schools, provided approximately 60 product donations for local community group fundraising activities and participated in speaking engagements and presentations with local schools and community organisations.

Governance Achievements

• Implementation of a new customer relationship management system (CRM), go-live of a new learning management system (LMS), tactical capacity and critical plant upgrades, a review of our insurance brokerage arrangements and subsequent broker appointment, consenting of a solar farm, appointment of new distributors in several markets, the near seamless transition of chilled product warehousing providers, and the establishment and progression of a sustainability framework.

Climate Goals & Targets

Environmental Challenges

• Challenging start to the dairy season due to wet spring and limited sunshine, affecting pasture growth and milk production.
• Softening of global caseinate and WPC prices from the exceptional highs of the prior year.
• Dairy commodity market volatility presented a difficult environment for caseinate sales.
• Potential for geopolitical uncertainty to unfavourably disrupt some of our key export markets.

Mitigation Strategies

• Procured additional milksolids from other processors within both short-term and longer-term contractual arrangements to supplement our own supply.
• Prioritised more of our available cream supply toward the manufacture of specialised products, thereby reducing our AMF production, and volume available for sale.
• Continued to be deliberate in achieving diversification across product groups, markets and customer base.
• Strong inventory position and forecast record production anticipated to achieve a favourable revenue position for the Ingredient business.

Supply Chain Management

Supplier Audits: Sedex SMETA audit in 2023

Responsible Procurement

• Tatua 360 Responsible Farming Programme

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: EcoVadis

Certifications: Toitū Envirocare’s carbonreduce programme, Sedex SMETA

Third-party Assurance: EcoVadis, Toitū Envirocare