Cal-Maine Foods Inc

CALM:US US1280302027
Key Information
HQ:
United States
Market Cap:
$2.79bn
Primary Market:
North America



Company Information

Company Summary

Cal-Maine Foods is the largest fully integrated producer and marketer of shell eggs in the US. Its integrated operations consist of hatching chicks, growing and maintaining flocks of pullets, layers and breeders, manufacturing feed, and producing, processing, packaging, and distributing shell eggs. The company is the largest producer and distributor of shell eggs in the US with a 19% market share.
Cal-Maine Foods

Revenue

Total revenue:

$1.3bn

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
YesYesNo

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

28/100
High Risk



Greenhouse Gas Emissions

11/100

Scope 1, 2 & 3 Target
5/100
Type of Target
0/3
Strength of Target - Non-SBT
0.25/2
Source(s): At a Glance Webpage; Climate CDP 2022, page 5, 12; Properties & Facilities Webpage; Sustainability Report 2022, page 2, 6, 10

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):

Quality of GHG Inventory
38/100
Quality and scope of GHG inventory Completeness
0.88/1.5
Feed & Animal Farming Emissions
0.5/2
Transparency of GHG Inventory
0.5/1.5
Source(s): Climate CDP 2022, page 5; Sustainability Report 2022, page 10

Emissions Performance
0/100
Overall Emission Performance
0/5
Source(s): Sustainability Report 2022, page 10

Climate-related Scenario Analysis
10/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.5/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Form 10-K 2023, page 8, 13, 18; Sustainability Report 2022, page 23



Deforestation & Biodiversity

5/100

Deforestation/Conversion-free Target - Soy for Animal Feed
10/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0.25/3.25
Transparency - Progress Against Commitment
0.25/1.25
Source(s): CDP Forests 2022, page 2; Form 10-K 2023, page 6; Sustainability Report 2021, page 27, 37; Sustainability Report 2022, page 10

Engagement, Monitoring & Traceability - Soy for Animal Feed
0/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0/0.5
Source(s): Sustainability Report 2021, page 27, 37; Sustainability Report 2022, page 10



Water Use & Scarcity

2/100

Water Use & Scarcity in Facilities
5/100
Monitoring Water Consumption & Withdrawals
0.25/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
0/3.25
Source(s): Form 10-K 2023, page 3, 26; Sustainability Report 2022, page 12

Water Use & Scarcity in Feed Farming
0/100
Supplier Engagement in Water Use in Feed Farming
0/2.5
Disclosure of Water Risks in Feed Farming
0/2.5
Source(s): Form 10-K 2023, page 3, 6, 26; Properties & Facilities Webpage; Sustainability Report 2022

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): Sustainability Report 2022, page 12, 20, 23



Waste & Pollution

9/100

Wastewater at Facilities
18/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
0/2
Performance on Wastewater Quality & Volume Discharged
0.4/1.5
Source(s): Form 10-K 2023, page 3, 26; Sustainability Report 2020, page 73; Sustainability Report 2021, page 30; Sustainability Report 2022, page 12, 20

Nutrient Management in Feed Farming
0/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s): Sustainability Report 2022, page 20

Manure Management in Animal Farming
10/100
Disclosure of Pollution Risks from Manure
0.19/1.25
Supplier Engagement in Manure Management
0.3/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Sustainability Report 2021, page 26; Sustainability Report 2022, page 12



Antibiotics

27/100

Policy on Antibiotics Use
39/100
Policy on Antibiotics Use
1.94/5
Source(s): Form 10-K 2023, page 3, 26; Sustainability Report 2021, page 41; Sustainability Report 2022, page 2, 4, 9, 14, 22

Disclosure of Quantity of Antibiotics Used
16/100
Disclosure of Quantity of Antibiotics Used
0.8/5
Source(s): Sustainability Report 2022, page 22



Animal Welfare

59/100

Animal Welfare Policy
65/100
Welfare Policy
1.75/2
Key Welfare Issues
1.5/3
Source(s): Form 10-K 2023, page 3, 7, 26; Investor Presentation 3Q 2023, page 15, 38; Properties & Facilities Webpage; Sustainability Report 2021, page 3, 7, 14, 35, 36, 39, 40, 41, 42, 43; Sustainability Report 2022, page 2, 9, 14, 15

Assurance & Certification
60/100
Auditing & Assurance by an Animal Welfare Organisation
3/4
Public Reporting on Welfare
0/1
Source(s): Form 10-K 2023, page 7, 26, 27; Sustainability Report 2021, page 35, 44; Sustainability Report 2022, page 15, 22

Performance on Key Material Risks
53/100
Performance on Key Material Welfare Risks by Protein
2.63/5
Source(s): Sustainability Report 2021, page 24, 39, 40; Sustainability Report 2022, page 15



Working Conditions

34/100

Human Rights
10/100
Strength of Policy
0.5/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Human Rights Statement 2021, page 1, 2

Fair Working Conditions
26/100
Policy for Direct Operations
0.8/3
Monitoring & Discosure
0.5/2
Source(s): Code of Ethics and Business Conduct 2023, page 8; Human Rights Statement 2021, page 1, 2, 3, 4

Safety & Turnover Data
60/100
Committee representation of workers
0.5/2
Disclosure of safety and turnover data
2.5/3
Source(s): Sustainability Report 2021, page 7, 8, 21; Sustainability Report 2022, page 3, 6, 7, 22, 26

Freedom of Association
40/100
Strength of Policies
0.5/3
Disclosure of Collective Bargaining Metrics
1.5/2
Source(s): Form 10-K 2023, page 10; Human Rights Statement 2021, page 2; Sustainability Report 2022, page 7



Food Safety

78/100

Food Safety System
90/100
Certifications
3.5/3.5
Performance
1/1.5
Source(s): Form 10-K 2023, page 3, 26; Sustainability Report 2021, page 19; Sustainability Report 2022, page 8, 9, 21

Product Recalls & Market Bans
65/100
Product Recall Systems
2.75/3
Performance
0.5/2
Source(s): Investor Presentation 3Q 2023, page 38; Sustainability Report 2021, page 20; Sustainability Report 2022, page 9, 22



Sustainability Governance

31/100

Assessment of a Company's Sustainability Governance
31/100
Board Sustainability
1.25/2
Incentives & Policy Engagement
0.3/2.5
Innovation & Benchmarking
0/0.5
Source(s): Climate CDP 2022, page 29; Form 10-K 2023, page 3, 26; Proxy Statement 2022, page 17, 21; Sustainability Report 2021, page 61, 64; Sustainability Report 2022, page 17, 18



Alternative Proteins

0/100

Diversification of Products to Alternative Protein Sources
0/100
Existing product portfolio
0/2.5
Investing for future growth
0/2.5
Source(s): Sustainability Report 2021, page 15

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