Cranswick PLC

CWK:LN GB0002318888
Key Information
HQ:
United Kingdom
Market Cap:
$1.99bn
Primary Market:
Europe & Russia



Company Information

Company Summary

Cranswick is a British-based producer of fresh pork (32%) and poultry (11%), as well as convenience and gourmet products, including beef. Around three-quarters of its revenues come from retail customers, primarily through their own-label products.
Cranswick

Revenue

Total revenue:

$2.6bn

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
YesYesYes

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
1.5°CTargets Set2021

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

65/100
Low Risk



Greenhouse Gas Emissions

71/100

Scope 1, 2 & 3 Target
65/100
Type of Target
0/0
Strength of Target - SBT
3.25/5
Source(s): Annual Report 2023, page 36, 37; Cranswick CDP Climate 2022, page 52, 53, 54, 55, 56, 57, 58; SBTi Webpage; Webpage - APPROVED 1.5 DEGREE ALIGNED SCIENCE BASED TARGETS FOR SCOPE 1, 2 AND 3

Innovation on GHG Emission Reduction
54/100
Innovation to Reduce Agriculture Emissions
0.7/1
Feed Farming Innovation
1/2
Animal Farming Innovation
1/2
Source(s): Annual Report 2022; Annual Report 2023, page 34; Cranswick CDP Climate 2022, page 11, 31, 42, 82, 83

Quality of GHG Inventory
85/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
2/2
Transparency of GHG Inventory
0.75/1.5
Source(s): Annual Report 2023, page 37, 47; Cranswick CDP Climate 2022, page 3, 52, 53, 54, 55, 56, 57, 58, 63, 66, 77; Greenhouse Gas Emissions and Intensity Ratios 2023, page 3

Emissions Performance
90/100
Overall Emission Performance
4.5/5
Source(s): Annual Report 2023, page 37; Cranswick CDP Climate 2022, page 52, 53, 54, 55, 56, 57, 58, 59

Climate-related Scenario Analysis
60/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
2/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Report 2023, page 40, 41, 44; Cranswick CDP Climate 2022, page 18



Deforestation & Biodiversity

71/100

Deforestation/Conversion-free Target - Soy for Animal Feed
90/100
Risk Assessment to Identify High-risk Locations
0.25/0.5
Strength of Deforestation Commitment
2/2
Regional & Operational Coverage of Commitment
1.25/1.25
Transparency - Progress Against Commitment
1/1.25
Source(s): Annual Report 2023, page 9, 34, 42, 63; Cranswick CDP Forest 2022, page 3, 5, 7, 12, 22, 23; Group Soya Policy 2019, page 1; Webpage - CRANSWICK JOINS UK INDUSTRY LEADERS TO CUT DEFORESTATION- AND CONVERSION-LINKED SOY FROM SUPPLY CHAINS BY 2025

Engagement, Monitoring & Traceability - Soy for Animal Feed
52/100
Supplier Engagement
1.25/1.25
Compliance monitoring & Traceability
1.1/3.25
Feed Innovation
0.25/0.5
Source(s): Annual Report 2023, page 34; Cranswick CDP Forest 2022, page 12, 37, 38, 46, 47, 48, 49; Group Deforestation Policy 2022, page 1; Group Sustainable Procurement Policy 2023, page 1, 2



Water Use & Scarcity

42/100

Water Use & Scarcity in Facilities
66/100
Monitoring Water Consumption & Withdrawals
0.65/0.75
Target to Reduce Water Consumption & Withdrawals
0.5/1
Disclosure & Performance of Water Risks in Facilities
2.16/3.25
Source(s): Annual Report 2023, page 35, 41, 47; Cranswick CDP Water 2022, page 4, 8, 9, 10, 15, 16, 19, 36, 37; Water Policy 2022, page 1

Water Use & Scarcity in Feed Farming
10/100
Supplier Engagement in Water Use in Feed Farming
0.5/2.5
Disclosure of Water Risks in Feed Farming
0/2.5
Source(s): Annual Report 2023, page 33, 46, 47, 49; Cranswick CDP Water 2022, page 12; Water Policy 2022, page 3

Water Use & Scarcity in Animal Farming
50/100
Supplier Engagement in Water Use in Animal Farming
1.5/3
Disclosure of Water Risks in Animal Farming
1/2
Source(s): Annual Report 2023, page 49, 63; Water Policy 2022, page 1, 2



Waste & Pollution

21/100

Wastewater at Facilities
35/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
0.75/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): Annual Report 2023, page 47; Cranswick CDP Water 2021.pdf, page 7; Cranswick CDP Water 2022, page 3, 7, 8, 40

Nutrient Management in Feed Farming
12/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0.6/1
Source(s): Annual Report 2023, page 34, 63

Manure Management in Animal Farming
15/100
Disclosure of Pollution Risks from Manure
0.25/1.25
Supplier Engagement in Manure Management
0.3/1.5
Innovation to Improve Nutrient Management in Animal Farming
0.18/2.25
Source(s): Annual Report 2023, page 47



Antibiotics

80/100

Policy on Antibiotics Use
100/100
Policy on Antibiotics Use
5/5
Source(s): AMR Policy 2023.pdf, page 1; Animal Welfare Policy 2023, page 1; Annual Report 2023, page 6, 48, 62, 70; FIIA antibiotic policy_Cranswick; Group Antimicrobial Resistance Policy 2023, page 1, 2

Disclosure of Quantity of Antibiotics Used
59/100
Disclosure of Quantity of Antibiotics Used
2.95/5
Source(s): Annual Report 2022, page 51; Annual Report 2023, page 48, 62; Group Antimicrobial Resistance Policy 2023, page 1, 2



Animal Welfare

78/100

Animal Welfare Policy
92/100
Welfare Policy
2/2
Key Welfare Issues
2.6/3
Source(s): Animal Welfare Brochure 2023, page 7, 13, 19, 22, 23; Animal Welfare Policy 2023, page 1, 2; Annual Report 2023, page 49

Assurance & Certification
66/100
Auditing & Assurance by an Animal Welfare Organisation
3.07/4
Public Reporting on Welfare
0.25/1
Source(s): Animal Welfare Brochure 2023, page 21; Annual Report 2023, page 47, 62

Performance on Key Material Risks
76/100
Performance on Key Material Welfare Risks by Protein
3.81/5
Source(s): Animal Welfare Brochure 2023, page 5, 9, 12, 13; Animal Welfare Policy 2023, page 1, 2; Annual Report 2023, page 43, 47, 62



Working Conditions

54/100

Human Rights
40/100
Strength of Policy
1/1
Due Diligence Process
1/3
Evidence of Remediation
0/1
Source(s): Group Human Rights Policy 2023, page 1, 3; Slavery and Human Trafficking Statement, page 3, 4, 6

Fair Working Conditions
77/100
Policy for Direct Operations
2.1/3
Monitoring & Discosure
1.75/2
Source(s): Annual Report 2023, page 61, 78; Equal Opportunities, Harassment & Dignity at Work Policy 2023, page 1; Ethical Trading Policy 2023, page 1, 2, 3, 4; Group Human Rights Policy 2023, page 2, 3; Group Whistleblowing Policy 2023, page 1, 2, 4; SMETA Checklist

Safety & Turnover Data
70/100
Committee representation of workers
0.75/2
Disclosure of safety and turnover data
2.75/3
Source(s): Annual Report 2023, page 25, 48, 56, 57; Group Antimicrobial Resistance Policy 2023; Health and Safety Policy 2023, page 5, 9

Freedom of Association
30/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
0.5/2
Source(s): Ethical Trading Policy 2023, page 1



Food Safety

78/100

Food Safety System
70/100
Certifications
2.5/3.5
Performance
1/1.5
Source(s): Annual Report 2023, page 5, 25, 32, 48, 59, 61

Product Recalls & Market Bans
85/100
Product Recall Systems
2.25/3
Performance
2/2
Source(s): Annual Report 2022, page 28; Annual Report 2023, page 29, 48, 61, 74; Group Food Safety & Quality Policy 2023, page 1



Sustainability Governance

92/100

Assessment of a Company's Sustainability Governance
92/100
Board Sustainability
2/2
Incentives & Policy Engagement
2.1/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Annual Report 2023, page 21, 25, 38, 39, 59, 62, 63, 68, 71, 81, 82, 83, 97, 98, 109, 110, 119, 129; Cranswick CDP Climate 2022, page 12, 85, 86, 87; Webpage - CRANSWICK TOP THE BETTER FOOD INDEX



Alternative Proteins

5/100

Diversification of Products to Alternative Protein Sources
5/100
Existing product portfolio
0.25/2.5
Investing for future growth
0/2.5
Source(s): ACQUISITION OF LEADING MEDITERRANEAN FOODS BUSINESS; Annual Report 2022, page 22; Annual Report 2023, page 28, 40; Webpage - RAMONA'S KITCHEN

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Working Conditions Engagement

Analysis Overview

WC-Radar
Grievance Mechanisms Economic Incentives Distribution by Contract Type Oversight of Governance Structure Support Worker Representation Engage Workers on Industry Trends

Analysis Breakdown




Health & Safety

Low glyph / arrow / up
Grievance Mechanisms - Availability & Access
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Grievance Mechanisms - Effectiveness & Evaluation
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Grievance Mechanisms - Categories & Reporting
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Grievance Mechanisms - Channels for H&S and Worker Rights
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Grievance Mechanisms - Resolution Process
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Economic Incentives - Sick Pay Entitlement
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Economic Incentives - Other Economic Incentives
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Fair Working Conditions

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Distribution by Contract Type
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Oversight of Governance Structure
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Worker Representation

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Support Worker Representation - Internal & External Structures
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Support Worker Representation - Restrictions Under Law
N/A
Support Worker Representation - Operations in China
N/A
Support Worker Representation - Collective Bargaining
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Engage Workers on Industry Trends - Impact assessment on Employees
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Engage Workers on Industry Trends - Workforce Engagement
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Engage Workers on Industry Trends - Just Transition
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Waste & Pollution Engagement

Analysis Overview

Waste-Pollution-Radar
Risk Assessment Value Chain Coverage Risk Mitigation Circularity Company Engagement

Analysis Breakdown




Risk Assessment

Medium
Coverage of water quality risk assessment
Transparency and disclosure of water quality indicators
Recognition of nutrient pollution risk on biodiversity



Value Chain Coverage

Poor
Inclusion of upstream feed and livestock suppliers in risk assessment
Downstream use of manure by animal feed suppliers
Acknowledgment of regulatory risks
Transparency on non-compliance from suppliers



Risk Mitigation

Poor
Biogas generation and organic fertilisers from animal waste
Target-setting for water quality
Support to third-party suppliers



Circularity

Poor
Pilot projects around nutrient circularity
Disclosure of investment in circular solutions
Targets to increase share of manure under circular initiatives



Company Engagement

Medium
Level of company engagement with the coalition

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