BRF SA

BRFS3:BZ BRBRFSACNOR8

Key Information

HQ:

Brazil

Market Cap:

$3.26bn

Primary Markets:

Asia, LATAM, MENA

Protein Producer Index

Analysis Overview

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

48/100

Medium Risk

Greenhouse Gas Emissions

36/100

Scope 1, 2 & 3 Target

Type of Target

0/0

Strength of Target - Non-SBT

1.75/2

Strength of Target - SBT

1.5/5

Source(s): Integrated Report 2021, page 126; SBTi website - companies taking action; Webpage - SBTi Website, Companies taking action, page 1

Innovation on GHG Emission Reduction

Innovation to Reduce Agriculture Emissions

1/1

Feed Farming Innovation

0/2

Animal Farming Innovation

0/2

Source(s): CDP Climate 2021; Integrated Report 2021, page 43, 49, 126, 127

Quality of GHG Inventory

Quality and scope of GHG inventory Completeness

1.5/1.5

Feed & Animal Farming Emissions

0.5/2

Transparency of GHG Inventory

1.5/1.5

Source(s): CDP Climate 2021, page 59, 60; Integrated Report 2021, page 127, 188

Emissions Performance

Overall Emission Performance

0.25/5

Source(s): Integrated Report 2021, page 127, 128

Climate-related Scenario Analysis

Climate-related Scenarios Analysis Conducted

0/1

Disclosure of Analysis Results on Material Risks

1/3

Disclosure of Financial Material Events & Alignment of CAPEX

0/1

Source(s): CDP Climate 2021, page 30; IR 2021, page 33, 34; Integrated Report 2021, page 33, 34

Deforestation & Biodiversity

34/100

Deforestation/Conversion-free Target - Soy for Animal Feed

Risk Assessment to Identify High-risk Locations

0/5

Strength of Deforestation Commitment

0.5/2

Regional & Operational Coverage of Commitment

0.25/1.25

Transparency - Progress Against Commitment

0.25/1.25

Source(s): BRFs-Grain-Sustainable-Purchasing-Policy.pdf, page 2; CDP Climate 2021, page 4; Integrated Report 2021, page 10, 56, 98

Engagement, Monitoring & Traceability - Soy for Animal Feed

Supplier Engagement

0.2/1.25

Compliance monitoring & Traceability

2.15/3.25

Feed Innovation

0/0.5

Source(s): Code of Conduct for Business Partners, page 4; Integrated Report 2021, page 98, 99, 100, 101

Water Use & Scarcity

32/100

Water Use & Scarcity in Facilities

Monitoring Water Consumption & Withdrawals

0.71/0.75

Target to Reduce Water Consumption & Withdrawals

0.24/1

Disclosure & Performance of Water Risks in Facilities

2.54/3.25

Source(s): CDP Water 2021, page 25, 39, 40; Integrated Report 2021, page 3, 58, 132, 133

Water Use & Scarcity in Feed Farming

Supplier Engagement in Water Use in Feed Farming

0/3

Disclosure of Water Risks in Feed Farming

0.48/2

Source(s): BRFs-Grain-Sustainable-Purchasing-Policy.pdf; CDP Water 2021, page 8

Water Use & Scarcity in Animal Farming

Supplier Engagement in Water Use in Animal Farming

0.8/3

Disclosure of Water Risks in Animal Farming

0/2

Source(s): CDP Water 2021, page 12; Webpage - Water

Waste & Pollution

22/100

Wastewater at Facilities

Disclosure & Targets for Wastewater Quality & Volume Discharged

0.48/1.5

Transparency on Water Pollution Risks

1.66/2

Performance on Wastewater Quality & Volume Discharged

0/1.5

Source(s): CDP Water 2021, page 15; Integrated Report 2021, page 3, 133, 134, 183

Nutrient Management in Feed Farming

Supplier Engagement in Nutrient Pollution Risks

0/4

Innovation to Improve Nutrient Management in Feed Farming

0/1

Source(s): Integrated Report 2021, page 183; Webpage - Workfront, page 1

Manure Management in Animal Farming

Disclosure of Pollution Risks from Manure

0.35/1.25

Supplier Engagement in Manure Management

0.88/1.5

Innovation to Improve Nutrient Management in Animal Farming

0/2.25

Source(s): Integrated Report 2021, page 183

Antibiotics

65/100

Policy on Antibiotics Use

3/5

Source(s): Integrated Report 2021, page 120

Disclosure of Quantity of Antibiotics Used

3.5/5

Source(s): Integrated Report 2021, page 3, 185, 186, 187

Animal Welfare

53/100

Animal Welfare Policy

Welfare Policy

1.75/2

Key Welfare Issues

2.2/3

Source(s): Commitments to Animal Welfare, page 2, 3, 1124; Integrated Report 2021, page 56, 112, 113, 116, 117, 118; Our practices - pork webpage

Assurance & Certification

Auditing & Assurance by an Animal Welfare Organisation

1.48/4

Public Reporting on Welfare

1/1

Source(s): Animal Welfare - Production Chain; Integrated Report 2021, page 113, 114, 119; Monitoring, Control And Management

Performance on Key Material Risks

Performance on Key Material Welfare Risks by Protein

1.53/5

Source(s): BRF's Commitments to Animal Welfare, page 3; IR 2021; Integrated Report 2021, page 119; Our Practices Pork

Working Conditions

65/100

Human Rights

Strength of Policy

1/1

Due Diligence Process

1.5/3

Evidence of Remediation

0/1

Source(s): Integrated Report 2021, page 95, 96, 97; Transparency Manual, page 14, 17, 19

Fair Working Conditions

Policy for Direct Operations

2.2/3

Monitoring & Discosure

2/2

Source(s): Code of Conduct for Business Partners, page 4, 5; Human Rights Policy, page 4, 7; IR 2021, page 25, 74, 94; Integrated Report 2021, page 85, 98; Transparency Manual, page 17, 18, 19; Transparency Report 2021.pdf, page 25

Safety & Turnover Data

Disclosure of safety and turnover data

0.65/3

Committee representation of workers

2.75/3

Source(s): Integrated Report 2021, page 15, 90, 172, 173, 176

Freedom of Association

Strength of Policies

1.45/3

Disclosure of Collective Bargaining Metrics

1.43/2

Source(s): Code of Conduct for Business Partners, page 3; Integrated Report 2021, page 83, 138; Transparency Manual, page 19

Food Safety

70/100

Food Safety System

Certifications

2.5/3.5

Performance

1.25/1.5

Source(s): Integrated Report 2021, page 77, 78, 100, 184, 185; Sadia bio- Frequent questions; webpage - Traceabilty, page 1

Product Recalls & Market Bans

Product Recall Systems

2.25/3

Performance

1/2

Source(s): 20-F Form, page 3; IR 2021, page 185; Integrated Report 2021, page 185

Sustainability Governance

52/100

Assessment of a Company's Sustainability Governance

Board Sustainability

0.75/2

Incentives & Policy Engagement

1.35/2.5

Innovation & Benchmarking

0.5/0.5

Source(s): Integrated Report 2021, page 4, 22, 43, 48, 49, 54, 55, 59, 60, 106, 113; Webpage - Board, Council and Committees, page 1

Alternative Proteins

55/100

Diversification of Products to Alternative Protein Sources

Existing product portfolio

2.5/2.5

Investing for future growth

0.25/2.5

Source(s): Integrated Report 2021, page 10, 39, 80

Members-only supplement

If you would like to view the Analysis Breakdown, sign up to become an investor member or log in to the FAIRR network.

Workstream Information

2022 Risk Score:

48/100

Level:

Medium Risk

Main Protein:

Poultry and eggs

Assessed Proteins:

Poultry and eggs, Pork

Company Feedback Given:

Yes

Last Updated:

6th December 2022

2022 Resources

Company Dialogue Questions

Protein Producer Index