Climate Change Data

Del Monte Pacific Limited

Climate Impact & Sustainability Data (2024 (May 1, 2023 to April 30, 2024))

Reporting Period: 2024 (May 1, 2023 to April 30, 2024)

Environmental Metrics

Total Carbon Emissions:DMFI (FY23): 1,835,488 tCO2e; DMPI (FY24): 1,051,161 tCO2e
Scope 1 Emissions:DMFI (FY23): 55,237 tCO2e; DMPI (FY24): 114,913 tCO2e
Scope 2 Emissions:DMFI (FY23): 26,914 tCO2e; DMPI (FY24): 53,230 tCO2e
Scope 3 Emissions:DMFI (FY23): 1,803,335 tCO2e; DMPI (FY24): 886,248 tCO2e
Renewable Energy Share:17% (waste-to-energy)
Total Energy Consumption:651,345 MWh/year
Water Consumption:DMFI: 2,850,893,000 liters; DMPI: 9,212,917,000 liters
Waste Generated:3,507,599 tons/year
Carbon Intensity:DMFI: 1.85 MTCO2eq/MT; DMPI: 2.08 MTCO2eq/MT

ESG Focus Areas

  • Better Nutrition
  • ESG Ethos
  • Waste Reduction
  • Net Zero
  • Responsible Sourcing

Environmental Achievements

  • Pineapple operations certified as carbon negative
  • Reduced cannery emissions by 15% vs. prior year
  • Reduced water use ratio (WUR) in manufacturing facilities by 18% vs. FY23
  • Complied with the minimum 20% diversion of post-consumer plastic waste from landfills (achieved 21.5% for rigid plastics and 23.5% for flexible plastics)
  • 13.3MT reduction in flexible plastic packaging material usage

Social Achievements

  • Recordable injuries reduced by 19%
  • 80% of Mindanao-based regular employees are part of labor unions
  • 22,000 medical and dental consultations provided
  • 240,000 people nourished during the year
  • ZEP2030 initiative uplifted 216 families from extreme poverty
  • 287 graduates of TESDA community-based skills training
  • Supported 308 scholars

Governance Achievements

  • Received the Best Managed Board Award (Gold) in the Singapore Corporate Awards
  • Ranked 8th in the 2023 Singapore Governance and Transparency Index
  • No significant compliance issues with respect to laws and regulations

Climate Goals & Targets

Long-term Goals:
  • Net zero carbon emissions by 2050
Medium-term Goals:
  • Increase the proportion of products that provide better nutrition to 85%
  • Achieve 30% renewable energy by 2025 (Cannery)
  • Include 30% recycled content in rigid plastic packaging
Short-term Goals:
  • Reduce added sugar by 7.5% and sodium by 3.75% annually
  • Reduce water use ratio in manufacturing facilities by 3% yearly
  • Reduce cannery defectives and line losses
  • Reduce usage of PET bottles by 15%, pouches by 6%, and tin can by 2% by FY26
  • Reduce obsolescence of FG, RM, PM to Php 60 million
  • Reduce soil erosion in the plantation to 10 metric tons per hectare per year
  • Reduce carbon emissions at the cannery equivalent to 3% per year
  • Implement the Supplier Code of Conduct

Environmental Challenges

  • Climate change impacts (water stress, extreme weather events)
  • Supply chain disruptions due to weather events
  • Soil erosion
  • Waste management
  • Supplier compliance
Mitigation Strategies
  • Implementing sustainable agriculture practices (drip irrigation, drought-resistant seeds)
  • Investing in renewable energy (solar power)
  • Improving water drainage systems
  • Implementing soil conservation practices
  • Waste-to-energy facility
  • Extended Producer Responsibility (EPR) program
  • Supplier Code of Conduct and audits
  • Implementing the Smart Farm Roadmap

Supply Chain Management

Supplier Audits: Periodic audits, including independent and unannounced audits

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier Quality Management Program (SQMP)
  • Supplier Diversity Program (DMFI)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (typhoons, flooding, droughts)
  • Water stress
  • Soil erosion
  • Damage to crops and facilities
Transition Risks
  • Regulatory changes
  • Market shifts towards sustainability
  • Increased costs for resilience measures
Opportunities
  • Development of energy-efficient products and processes
  • Investing in renewable energy
  • Improving water efficiency
  • Reducing waste

Reporting Standards

Frameworks Used: GRI 2021 Standards, GRI 13 sector standards for Agriculture, Aquaculture and Fishing Sectors 2022, UN Sustainable Development Goals (SDGs), Task Force on Climate-related Financial Disclosures (TCFD)

Certifications: BRCGS, GlobalG.A.P., PhilGAP, Rainforest Alliance, FSSC 22000, ISO 9001:2015, ISO 17025, Halal, Kosher

Third-party Assurance: Internal Assurance Review

UN Sustainable Development Goals

  • Goal 1 (No Poverty)
  • Goal 2 (Zero Hunger)
  • Goal 3 (Good Health and Well-being)
  • Goal 4 (Quality Education)
  • Goal 5 (Gender Equality)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 13 (Climate Action)
  • Goal 17 (Partnerships for the Goals)

DMPL's sustainability goals contribute to the achievement of these SDGs.

Sustainable Products & Innovation

  • Take Root Organics™
  • Del Monte® Fruit Refreshers®
  • Joyba Bubble Tea

Awards & Recognition

  • Best Managed Board Award (Gold)
  • Best CFO Award
  • Best Investor Relations Award
  • Best Annual Report Award
  • Corporate Governance Award
  • Transparency Company Award
  • Shareholders Communications Excellence Award
  • Best IR Website Award
  • 2024 Product of the Year Awards (two awards)