Almarai Co JSC

ALMARAI:AB SA000A0ETHT1
Key Information
HQ:
Saudi Arabia
Market Cap:
$15.3bn
Primary Markets:
MENA, LATAM, North America



Company Information

Company Summary

Almarai is the Middle East's leading food manufacturer and distributor, and the world's largest vertically integrated dairy company. Around 61% of revenues are derived from dairy, 13% from fresh poultry products, and the rest from juice, bakery and infant nutrition. The company owns over 190,000 dairy cows in farms in Saudi Arabia and Jordan.
Almarai Co JSC

Revenue

Total revenue:

$4.2bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type

Note: This financial breakdown is based on Annual reports released in 2022, containing, in most cases, FY2021.


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
NoNoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
Has not set SBT--

Coller FAIRR Protein Producer Index

Analysis Overview

Index-Radar-2023
Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

21/100
High Risk



Greenhouse Gas Emissions

11/100

Scope 1, 2 & 3 Target
10/100
Type of Target
0/3
Strength of Target - Non-SBT
0.5/2
Source(s): Climate Change Position Statement 2022, page 1; Sustainability Report 2022, page 3, 4, 7, 8, 20, 41, 57

Innovation on GHG Emission Reduction
0/100
Innovation to Reduce Agriculture Emissions
0/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): Almarai-DigitalSustainabilityReport-2022.pdf, page 45; Sustainability Report 2022, page 17, 20, 40, 45, 53

Quality of GHG Inventory
35/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
0.25/1.5
Source(s): Independent Limited Assurance Statement 2022, page 1; Sustainability Report 2022, page 5, 11, 45, 94, 95

Emissions Performance
5/100
Overall Emission Performance
0.25/5
Source(s): Sustainability Report 2022, page 95

Climate-related Scenario Analysis
5/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.25/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Report 2022, page 34, 139, 190; Sustainability Report 2022, page 33, 52



Deforestation & Biodiversity

3/100

Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Annual Report 2022, page 165, 190; Sustainability Report 2022, page 7, 45, 53

Engagement, Monitoring & Traceability - Soy for Animal Feed
5/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0.25/0.5
Source(s): Annual Report 2022, page 165, 190; Sustainability Report 2022, page 45



Water Use & Scarcity

25/100

Water Use & Scarcity in Facilities
32/100
Monitoring Water Consumption & Withdrawals
0.2/0.75
Target to Reduce Water Consumption & Withdrawals
0.38/1
Disclosure & Performance of Water Risks in Facilities
1/3.25
Source(s): Independent Limited Assurance Statement 2022, page 1; Sustainability Report 2022, page 5, 36, 37, 43, 45, 92, 121; Water Position Statement, page 1

Water Use & Scarcity in Feed Farming
44/100
Supplier Engagement in Water Use in Feed Farming
1.41/2.5
Disclosure of Water Risks in Feed Farming
0.8/2.5
Source(s): Sustainability Report 2022, page 36, 45

Water Use & Scarcity in Animal Farming
0/100
Supplier Engagement in Water Use in Animal Farming
0/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s):



Waste & Pollution

18/100

Wastewater at Facilities
35/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
1.24/2
Performance on Wastewater Quality & Volume Discharged
0/1.5
Source(s): Independent Limited Assurance Statement 2022, page 1; Sustainability Report 2022, page 5, 37, 44, 79, 92

Nutrient Management in Feed Farming
11/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0.56/1
Source(s): Sustainability Report 2022, page 44

Manure Management in Animal Farming
8/100
Disclosure of Pollution Risks from Manure
0.38/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Sustainability Report 2022, page 44



Antibiotics

9/100

Policy on Antibiotics Use
19/100
Policy on Antibiotics Use
0.94/5
Source(s): Sustainability Report 2022, page 51

Disclosure of Quantity of Antibiotics Used
0/100
Disclosure of Quantity of Antibiotics Used
0/5
Source(s):



Animal Welfare

18/100

Animal Welfare Policy
25/100
Welfare Policy
0.75/2
Key Welfare Issues
0.5/3
Source(s): Sustainability Report 2022, page 5, 51, 52, 58, 79, 128

Assurance & Certification
27/100
Auditing & Assurance by an Animal Welfare Organisation
1.35/4
Public Reporting on Welfare
0/1
Source(s): Sustainability Report 2022, page 4

Performance on Key Material Risks
3/100
Performance on Key Material Welfare Risks by Protein
0.17/5
Source(s): Sustainability Report 2022, page 51, 52



Working Conditions

30/100

Human Rights
20/100
Strength of Policy
1/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Human Rights Policy, page 1; Sustainability Report 2022, page 30

Fair Working Conditions
36/100
Policy for Direct Operations
0.8/3
Monitoring & Discosure
1/2
Source(s): Annual Report 2022, page 119; Code of Conduct, page 2; Code of Conduct 2022, page 13; Human Rights Policy, page 1

Safety & Turnover Data
38/100
Committee representation of workers
0.4/2
Disclosure of safety and turnover data
1.5/3
Source(s): Sustainability Report 2022, page 19, 23, 24, 26, 27, 80, 85

Freedom of Association
25/100
Strength of Policies
0.5/3
Disclosure of Collective Bargaining Metrics
0.75/2
Source(s): Human Rights Policy; Sustainability Report 2022, page 68, 82



Food Safety

55/100

Food Safety System
60/100
Certifications
3/3.5
Performance
0/1.5
Source(s): Sustainability Report 2022, page 20, 49, 50, 74, 80, 98

Product Recalls & Market Bans
50/100
Product Recall Systems
2/3
Performance
0.5/2
Source(s): Sustainability Report 2022, page 50



Sustainability Governance

18/100

Assessment of a Company's Sustainability Governance
18/100
Board Sustainability
0.63/2
Incentives & Policy Engagement
0/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Annual Report 2022, page 37, 77; Senior Management Webpage; Sustainability Report 2022, page 17, 18, 24, 36, 38, 52



Alternative Proteins

25/100

Diversification of Products to Alternative Protein Sources
25/100
Existing product portfolio
0.25/2.5
Investing for future growth
1/2.5
Source(s): Almarai_Annual_Report_2022_En323202353555AM (1).pdf, page 52

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