Member AUM
$70 trillion

China Mengniu Dairy Co Ltd

2319:HK KYG210961051
Key Information
HQ:
China
Market Cap:
$22.38bn
Primary Market:
Asia

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

28/100
High Risk

Greenhouse Gas Emissions

19/100
Scope 1, 2 & 3 Target
Type of Target
0/0
Strength of Target - Non-SBT
1/2
Strength of Target - SBT
0/5
Source(s): Sustainability Report 2021, page 27, 28
Innovation on GHG Emission Reduction
Innovation to Reduce Agriculture Emissions
0.8/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): Sustainability Report 2021, page 32
Quality of GHG Inventory
Quality and scope of GHG inventory Completeness
1.25/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
0/1.5
Source(s): Sustainability Report 2021, page 27, 32
Emissions Performance
Overall Emission Performance
0.25/5
Source(s): Sustainability Report 2021, page 27
Climate-related Scenario Analysis
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): Sustainability Report 2021, page 13, 29, 30

Deforestation & Biodiversity

6/100
Deforestation/Conversion-free Target - Soy for Animal Feed
Risk Assessment to Identify High-risk Locations
0/5
Strength of Deforestation Commitment
0/2
Regional & Operational Coverage of Commitment
0/1.25
Transparency - Progress Against Commitment
0.25/1.25
Source(s): China_Mengniu_Dairy_Company_Limited_-_2022 CDP Forests Questionnaire_-_20220728.pdf; Sustainability Report 2021, page 45
Deforestation/Conversion-free Target - Cattle
Risk Assessment to Identify High-risk Locations
0/5
Strength of Deforestation Commitment
0/3
Transparency - Progress Against Commitment
0.25/1.25
Source(s): China_Mengniu_Dairy_Company_Limited_-_2022 CDP Forests Questionnaire_-_20220728.pdf; Mengniu Biodiversity Report 2021; Sustainability Report 2021, page 48
Engagement, Monitoring & Traceability - Soy for Animal Feed
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0.75/3.25
Feed Innovation
0/0.5
Source(s): Sustainability Report 2021, page 27, 44, 45, 4345
Engagement, Monitoring & Traceability - Cattle
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0/0.5
Source(s): Mengniu Biodiversity Report 2021; Sustainability Report 2021, page 43

Water Use & Scarcity

10/100
Water Use & Scarcity in Facilities
Monitoring Water Consumption & Withdrawals
0.25/0.75
Target to Reduce Water Consumption & Withdrawals
0.13/1
Disclosure & Performance of Water Risks in Facilities
0.63/3.25
Source(s): China Mengniu SR 2020.pdf; Mengniu Biodiversity Report 2021, page 22; Sustainability Report 2021, page 37, 38, 58
Water Use & Scarcity in Feed Farming
Supplier Engagement in Water Use in Feed Farming
0/3
Disclosure of Water Risks in Feed Farming
0/2
Source(s):
Water Use & Scarcity in Animal Farming
Supplier Engagement in Water Use in Animal Farming
0.5/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Sustainability Report 2021, page 43, 47

Waste & Pollution

21/100
Wastewater at Facilities
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.7/1.5
Transparency on Water Pollution Risks
1/2
Performance on Wastewater Quality & Volume Discharged
0.9/1.5
Source(s): 2022 CDP Water questionnaire English translation; Mengniu Biodiversity Report 2021, page 21, 22; Sustainability Report 2021, page 34, 38, 111
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): Mengniu Biodiversity Report 2021, page 18, 19; Sustainability Report 2021, page 43, 47
Manure Management in Animal Farming
Disclosure of Pollution Risks from Manure
0.5/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Mengniu Biodiversity Report 2021; Sustainability Report 2021, page 47

Antibiotics

25/100
Policy on Antibiotics Use
Policy on Antibiotics Use
2.5/5
Source(s): Sustainability Report 2021, page 47
Disclosure of Quantity of Antibiotics Used
Disclosure of Quantity of Antibiotics Used
0/5
Source(s):

Animal Welfare

24/100
Animal Welfare Policy
Welfare Policy
1.5/2
Key Welfare Issues
0.4/3
Source(s): Mengniu Biodiversity Report 2021, page 44; Sustainability Report 2021, page 46, 47
Assurance & Certification
Auditing & Assurance by an Animal Welfare Organisation
0/4
Public Reporting on Welfare
0.5/1
Source(s): Mengniu Biodiversity Report 2021, page 46
Performance on Key Material Risks
Performance on Key Material Welfare Risks by Protein
1.25/5
Source(s): Mengniu Biodiversity Report 2021, page 46

Working Conditions

44/100
Human Rights
Strength of Policy
1/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Sustainability Report 2021, page 18
Fair Working Conditions
Policy for Direct Operations
1.6/3
Monitoring & Discosure
1.23/2
Source(s): Sustainability Report 2021, page 14, 15, 19, 20, 43, 44
Safety & Turnover Data
Disclosure of safety and turnover data
0.25/3
Committee representation of workers
1.75/3
Source(s): Sustainability Report 2021, page 17, 18, 21, 36
Freedom of Association
Strength of Policies
2.5/3
Disclosure of Collective Bargaining Metrics
0.5/2
Source(s): Sustainability Report 2021, page 31, 37, 82

Food Safety

45/100
Food Safety System
Certifications
1.25/3.5
Performance
0/1.5
Source(s): Sustainability Report 2021, page 9, 43, 53
Product Recalls & Market Bans
Product Recall Systems
2.75/3
Performance
0.5/2
Source(s): Sustainability Report 2021, page 53

Sustainability Governance

56/100
Assessment of a Company's Sustainability Governance
Board Sustainability
1.88/2
Incentives & Policy Engagement
0.65/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Annual Report 2021, page 72; Mengniu Biodiversity Report 2021, page 6; Sustainability Report 2021, page 6, 8, 11, 12, 46

Alternative Proteins

20/100
Diversification of Products to Alternative Protein Sources
Existing product portfolio
1/2.5
Investing for future growth
0/2.5
Source(s): Annual Report 2021, page 208; Mengniu Biodiversity Report 2021, page 39; Sustainability Report 2021, page 50

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Workstream Information
2022 Risk Score:
28/100
Level:
High Risk
Main Protein:
Dairy
Assessed Proteins:
Dairy
Company Feedback Given:
Yes
Last Updated:
6th December 2022
2022 Resources
China Mengniu Dairy Co Ltd Assessment
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