Sofina Foods Inc.
Climate Impact & Sustainability Data (2023-03-26 to 2024-03-30)
Reporting Period: 2023-03-26 to 2024-03-30
Environmental Metrics
ESG Focus Areas
- Environment
- People
- Care of Animals
- Food Safety and Quality
- Communities
Environmental Achievements
- Reduced energy usage and water footprint through various initiatives (details not quantified)
- Diverted meat byproducts from landfill through upcycling
- Implemented a multi-year strategy to expand wastewater treatment systems
Social Achievements
- Increased employee engagement score in 2022
- Developed a robust Engagement Action Plan addressing 111 actions
- Provided 126 opportunities for career growth through promotion in fiscal 2023
- Sofina Foundation raised over $7.8M for children's charities since inception
Governance Achievements
- Adopted a comprehensive Code of Conduct
- Implemented a Competition Law Compliance Policy
- Established an ESG Committee
- Implemented monthly cyber awareness training with 97% completion rate
Climate Goals & Targets
Medium-term Goals:
- Achieve recyclable packaging for all products by 2025
Short-term Goals:
- Implement compliance training for all employees
- Implement an Employee Handbook
- Develop a robust program to reduce emissions and energy usage
- Develop equipment standards and procedures to reduce water footprint
- Implement an Environmental Management System conforming to ISO 14001:2015
Environmental Challenges
- Strains on the global supply chain
- Exponential increases in business costs
- Avian Influenza outbreak in 2022
- New employee expectations for work
- Workplace mental health and well-being concerns
Mitigation Strategies
- Maintained workforce and operations during challenging times
- Investing significantly in plants to build capacity
- Renewed focus on Health and Safety with reassessment of equipment
- Investing in new tools, processes, and systems for employees
- Integrating European business and adopting best practices
- Improved communication and employee engagement
Supply Chain Management
Responsible Procurement
- GFSI standards for poultry, pork, and beef suppliers
- MSC certification for fish suppliers