Cranswick PLC
CWK:LN GB0002318888
Key Information
HQ:
United Kingdom
Market Cap:
$1.99bn
Primary Market:
Europe & Russia
Waste & Pollution Engagement
Analysis Overview
Risk Assessment Value Chain Coverage Risk Mitigation Circularity Company Engagement
Analysis Breakdown
Risk Assessment
Medium
Coverage of water quality risk assessment
The company conducts a water risk analysis yearly for its direct operations in the UK and Northern Ireland. The company mentions using different tools, such as the WRI Aqueduct tool, WWF Water Risk Filter, as well as internal company methods. The company considers both water availability and water quality at a basin/catchment level.
The company discloses areas which are exposed to water risk scarcity. However, it does not specify regions currently at risk from water quality.
Transparency and disclosure of water quality indicators
The company mentions it measures COD, pH and Suspended Solids in its wastewater. However, it does not disclose the average figures.
The company discloses that during FY22, there were zero incidents of non-compliance with water quality permits, standards and regulations.
Recognition of nutrient pollution risk on biodiversity
The company has included biodiversity loss as a material risk as part of its climate change risk mapping. The company mentions it has completed initial biodiversity screening for 91 locations. The company aims to gather a deeper level of data across its farms and production facilities to better monitor its biodiversity performance. However, the company does not mention areas of high biodiversity value in the regions where it operates and the impact of nutrient pollution.
Value Chain Coverage
Poor
Inclusion of upstream feed and livestock suppliers in risk assessment
The company produces 100% of the chicken and 30% of the pigs it processes. In the scope description of the risk assessment, the company mentions that it includes all its direct operations. However, the company does not disclose information about other farms.
Concerning feed production, the company only discloses information about its efforts to overcome transparency challenges in producing soya when referring to high or extremely high baseline water stress. However, the company does not provide more details about it. There is no information about other crops.
Downstream use of manure by animal feed suppliers
The company mentions using "Straw for muck" arrangements with local farmers to use manure for their crops. However, it´s not clear that these include the company´s feed suppliers.
Acknowledgment of regulatory risks
The company does not disclose information.
Transparency on non-compliance from suppliers
The company does not disclose information.
Risk Mitigation
Poor
Biogas generation and organic fertilisers from animal waste
The company discloses it is currently investigating the potential to capture gas from lagoons and manure storage for circular use within the business. The company mentions that it aims to transition to green gas by 2030.
Target-setting for water quality
The company explains different measures it aims to implement to decrease the run-off of nutrients. For example, the company undertakes surface and groundwater digital mapping across its pig herd breeding units to ensure adequate measures are in place to prevent water run-off and soil erosion. However, it does not disclose information about locations in areas of high water quality risk or mention specific actions for those operations. The company does not disclose information about poultry.
Support to third-party suppliers
The company mentions that all the animal litter and manure from its pigs is managed according to a nutrient management plan. The company mentions using "Straw for muck" arrangements with local farmers to use manure for their crops. However, the company does not disclose additional information about the processes in place to minimise pollution risks from downstream arable farmers.
Circularity
Poor
Pilot projects around nutrient circularity
The company does not disclose information.
Disclosure of investment in circular solutions
The company does not disclose information.
Targets to increase share of manure under circular initiatives
The company does not disclose information.
Company Engagement
Medium
Level of company engagement with the coalition
The company responded to the investor letter after a chaser email. It did not respond to the engagement questions. The company met with investors outside the engagement period. The company provided feedback on FAIRR´s assessment.
Workstream Information
2023 level
Poor
Index Waste & Pollution Score:
17/100
Assessed Proteins:
Poultry and eggs, Pork
Last Updated:
28 June 2023
2023/24 Resources
Phase 1 | Key Findings Report Waste & Pollution Engagement