COFCO Joycome Foods Ltd

1610:HK KYG226921008
Key Information
HQ:
China
Market Cap:
$1.19bn
Primary Market:
Asia



Company Information

Company Summary

COFCO Meat is the pork-producing unit of China's largest state food conglomerate, COFCO. The company's activities include feed processing, hog breeding, hog slaughtering and segmentation, meat product processing, product sale, and meat imports. COFCO Meat also operates and manages slaughterhouses throughout China. The Company distributes its products to distributors, wholesalers, hypermarkets, supermarkets, food processors, restaurants, and canteens, among others. BRF has a minority stake in COFCO Meat.
COFCO Joycome Foods Ltd

Revenue

Total revenue:

$2.1bn

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

14/100
High Risk



Greenhouse Gas Emissions

9/100

Scope 1, 2 & 3 Target
5/100
Type of Target
0/3
Strength of Target - Non-SBT
0.25/2
Source(s): COFCO Joycome 2022 Annual Report EN.pdf, page 21; COFCO Joycome 2022 ESG Report EN.pdf, page 19, 20, 22, 23; COFCO Joycome Foods Ltd Annual Report 2022 English.pdf, page 11; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 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): COFCO Joycome 2022 ESG Report EN.pdf, page 9, 10

Quality of GHG Inventory
25/100
Quality and scope of GHG inventory Completeness
1.25/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
0/1.5
Source(s): CDP Website; COFCO Joycome 2022 ESG Report EN.pdf, page 20; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 22

Emissions Performance
5/100
Overall Emission Performance
0.25/5
Source(s): Annual Report 2021, page 67; COFCO Joycome 2022 ESG Report EN.pdf, page 19, 22

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): Annual Report 2022, page 23; COFCO Joycome 2022 Annual Report EN.pdf, page 20, 21



Deforestation & Biodiversity

5/100

Deforestation/Conversion-free Target - Soy for Animal Feed
5/100
Risk Assessment to Identify High-risk Locations
0.25/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Annual Report 2022, page 11, 21, 52; CDP Website; COFCO International Sustainability Report 2021, page 17; COFCO Joycome 2022 Annual Report EN.pdf, page 52; News Webpage

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): COFCO Joycome 2022 Annual Report EN.pdf, page 21; COFCO Joycome 2022 ESG Report EN.pdf, page 11, 18; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 11



Water Use & Scarcity

8/100

Water Use & Scarcity in Facilities
20/100
Monitoring Water Consumption & Withdrawals
0.25/0.75
Target to Reduce Water Consumption & Withdrawals
0.5/1
Disclosure & Performance of Water Risks in Facilities
0.25/3.25
Source(s): CDP Website; COFCO International Water Conserve Webpage; COFCO Joycome 2022 ESG Report EN.pdf, page 1, 21

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):

Water Use & Scarcity in Animal Farming
5/100
Supplier Engagement in Water Use in Animal Farming
0.25/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): COFCO Joycome 2022 Annual Report EN.pdf, page 11; COFCO Joycome 2022 ESG Report EN.pdf, page 21



Waste & Pollution

8/100

Wastewater at Facilities
10/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0/1.5
Transparency on Water Pollution Risks
0.5/2
Performance on Wastewater Quality & Volume Discharged
0/1.5
Source(s): Annual Report 2021, page 67; CDP Website; COFCO Joycome 2022 ESG Report EN.pdf, page 13, 14, 16, 17, 19, 22; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 19; Social and Governance Report, Environment 2022, page 14

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): COFCO Joycome 2022 ESG Report EN.pdf, page 8, 17

Manure Management in Animal Farming
14/100
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
0.18/2.25
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 13, 14, 17, 21, 23



Antibiotics

5/100

Policy on Antibiotics Use
10/100
Policy on Antibiotics Use
0.5/5
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 8; Consumer Safety Webpage; Strict controls on products safety for better protection of consumers

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



Animal Welfare

19/100

Animal Welfare Policy
34/100
Welfare Policy
0.5/2
Key Welfare Issues
1.2/3
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 9, 10, 11; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 10

Assurance & Certification
24/100
Auditing & Assurance by an Animal Welfare Organisation
1.22/4
Public Reporting on Welfare
0/1
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 7

Performance on Key Material Risks
0/100
Performance on Key Material Welfare Risks by Protein
0/5
Source(s):



Working Conditions

29/100

Human Rights
10/100
Strength of Policy
0.5/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 26

Fair Working Conditions
42/100
Policy for Direct Operations
1.1/3
Monitoring & Discosure
1/2
Source(s): Annual Report 2022, page 20; COFCO Joycome 2022 Annual Report EN.pdf, page 40; COFCO Joycome 2022 ESG Report EN.pdf, page 26; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 8; supplier-code-of-conduct.pdf

Safety & Turnover Data
45/100
Committee representation of workers
0.25/2
Disclosure of safety and turnover data
2/3
Source(s): Annual Report 2021, page 55, 74; COFCO Joycome 2022 ESG Report EN.pdf, page 1, 25, 26; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 1, 26, 27

Freedom of Association
20/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
0/2
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 27



Food Safety

25/100

Food Safety System
20/100
Certifications
0.5/3.5
Performance
0.5/1.5
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 7, 8, 11; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 8

Product Recalls & Market Bans
30/100
Product Recall Systems
1/3
Performance
0.5/2
Source(s): COFCO Joycome 2022 Annual Report EN.pdf, page 22; COFCO Joycome 2022 ESG Report EN.pdf, page 11



Sustainability Governance

20/100

Assessment of a Company's Sustainability Governance
20/100
Board Sustainability
0.75/2
Incentives & Policy Engagement
0/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): COFCO Joycome 2022 ESG Report EN.pdf, page 2, 5, 22; COFCO Joycome Foods Ltd Sustainability Report 2022 English.pdf, page 10, 20, 22



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):

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