Danone SA

BN:FP FR0000120644
Key Information
HQ:
France
Market Cap:
$38.23bn
Primary Market:
Europe & Russia



Company Information

Company Summary

Danone SA is a France-based vertically integrated global food and beverage company. It operates through the following segments: dairy products, plant-based products, waters and specialised nutrition.
Danone logo

Revenue

Total revenue:

$29.6bn

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 Set2022

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

54/100
Medium Risk



Greenhouse Gas Emissions

62/100

Scope 1, 2 & 3 Target
75/100
Type of Target
0.5/0.5
Strength of Target - SBT
3.25/4.5
Source(s): 2022 Climate Change CDP, page 48; Environmental Data 2022, page 2; Integrated Annual Report 2022, page 28, 29; Science-Based Target Webpage

Innovation on GHG Emission Reduction
55/100
Innovation to Reduce Agriculture Emissions
0.75/1
Feed Farming Innovation
0/2
Animal Farming Innovation
2/2
Source(s): 2022 Climate Change CDP, page 107; A promising pilot in Belgium to further reduce methane emissions in dairy farming Webpage; Building a sustainable future for dairy farming Webpage

Quality of GHG Inventory
60/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
1.5/1.5
Source(s): 2022 Climate Change CDP, page 124, 126, 129, 131, 132, 134, 136, 146, 236; Danone CDP Climate Chnage 2022, page 129, 146; Environmental Data 2022, page 2, 3

Emissions Performance
50/100
Overall Emission Performance
2.5/5
Source(s): Danone CDP Climate Chnage 2022; Environmental Data 2022, page 2

Climate-related Scenario Analysis
70/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
2.5/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): 2022 Climate Change CDP, page 35, 38, 63, 65; Danone Annual Financial Report 2022.pdf, page 30; Danone CDP Climate Chnage 2022, page 37, 38, 43, 44, 77, 78, 79, 80, 242



Deforestation & Biodiversity

76/100

Deforestation/Conversion-free Target - Soy for Animal Feed
85/100
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
0.75/1.25
Source(s): CDP Forests 2022, page 102, 103, 126; Danone CDP Forest 2022, page 12, 35, 58, 126, 127; Danone Forest Policy 2022, page 2, 16; EXHAUSTIVE 2022 EXTRA-FINANCIAL DATA; Universal Registration Document 2022, page 161, 162, 163

Engagement, Monitoring & Traceability - Soy for Animal Feed
68/100
Supplier Engagement
1/1.25
Compliance monitoring & Traceability
1.88/3.25
Feed Innovation
0.5/0.5
Source(s): 2022 forest policy; CDP Forests 2022, page 12, 47, 58, 72, 126; Danone Profee Project 2017, page 1, 2; Forest Updates on Key Categories 2020, page 2; Supplier Code of Conduct; Sustainable sourcing; Universal Registration Document, page 161; for a regenerative future



Water Use & Scarcity

69/100

Water Use & Scarcity in Facilities
90/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0.5/1
Disclosure & Performance of Water Risks in Facilities
3.25/3.25
Source(s): CDP Water 2022, page 256; Danone CDP Water Security 2022, page 20, 263, 264; Universal Registration Document 2022, page 157, 158, 159, 160, 223

Water Use & Scarcity in Feed Farming
49/100
Supplier Engagement in Water Use in Feed Farming
1.63/2.5
Disclosure of Water Risks in Feed Farming
0.8/2.5
Source(s): CDP Water 2022, page 45; Danone CDP Water Security 2022, page 10, 11; Regenerative Agricultural Scorecard; Universal Registration Document 2022

Water Use & Scarcity in Animal Farming
68/100
Supplier Engagement in Water Use in Animal Farming
2.6/3
Disclosure of Water Risks in Animal Farming
0.8/2
Source(s): CDP Water 2022, page 11; Danone Water Policy, page 14; Regenerative Agricultural Scorecard; Regenerative Agriculture Scorecard, page 6, 54



Waste & Pollution

33/100

Wastewater at Facilities
60/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.75/1.5
Transparency on Water Pollution Risks
1.75/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): CDP Water 2022, page 59; Danone CDP Water Security 2022, page 48; Integrated Annual Report 2022, page 30; Universal Registration Document 2022, page 157, 160, 223

Nutrient Management in Feed Farming
20/100
Supplier Engagement in Nutrient Pollution Risks
1/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s): CDP water 2022, page 57; Regenerative Agricultural Scorecard; Regenerative Agriculture Scorecard, page 20

Manure Management in Animal Farming
20/100
Disclosure of Pollution Risks from Manure
0.4/1.25
Supplier Engagement in Manure Management
0.6/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): CDP Water 2022, page 101; Integrated Annual Report 2022, page 30; Regenerative Agricultural Scorecard, page 2; Universal Registration Document 2022



Antibiotics

23/100

Policy on Antibiotics Use
46/100
Policy on Antibiotics Use
2.3/5
Source(s): Animal Welfare Commitment & Full Year 2020 Progress Report, page 2

Disclosure of Quantity of Antibiotics Used
0/100
Disclosure of Quantity of Antibiotics Used
0/5
Source(s): Animal Welfare Commitment & Full Year 2020 Progress Report, page 2



Animal Welfare

44/100

Animal Welfare Policy
63/100
Welfare Policy
1.25/2
Key Welfare Issues
1.9/3
Source(s): Animal Welfare Commitment & Full Year 2020 Progress Report, page 1, 2; Animal Welfare Position Paper 2016, page 5, 6; Dairy Animal Welfare Program 2018, page 10; Universal Registration Document 2022, page 169, 196

Assurance & Certification
35/100
Auditing & Assurance by an Animal Welfare Organisation
1.5/4
Public Reporting on Welfare
0.25/1
Source(s): Animal Welfare Commitment & Full Year 2020 Progress Report; Double certification for DANONE Webpage; Environmental Data 2022, page 5; Universal Registration Document 2022, page 169

Performance on Key Material Risks
35/100
Performance on Key Material Welfare Risks by Protein
1.75/5
Source(s): Animal Welfare Commitment & Full Year 2020 Progress Report, page 2, 4, 10, 11



Working Conditions

68/100

Human Rights
90/100
Strength of Policy
1/1
Due Diligence Process
3/3
Evidence of Remediation
0.5/1
Source(s): Human Rights Policy, page 1; Social scorecard; URD Social Societal and Environmental Responsibility 2022, page 181; Universal Registration Document 2022, page 168, 182, 183, 184, 211

Fair Working Conditions
69/100
Policy for Direct Operations
2/3
Monitoring & Discosure
1.45/2
Source(s): Code of Business Conduct 2022, page 4; Danone Sustainability Principles and Implementation Note for Business Partners 2022, page 3, 7, 14, 15; Danone anti-harassment and discrimination Policy 2020, page 4; Ethic Line and Whistleblowing Statement 2022, page 1, 2; Human Rights Policy, page 4, 5, 6; URD Social Societal and Environmental Responsibility 2022, page 177, 182; Universal Registration Document 2022, page 146, 182, 183

Safety & Turnover Data
35/100
Committee representation of workers
0.5/2
Disclosure of safety and turnover data
1.25/3
Source(s): 2022 social extra-financial data.pdf, page 4; Universal Registration Document 2022, page 171, 174, 175, 218

Freedom of Association
80/100
Strength of Policies
2.5/3
Disclosure of Collective Bargaining Metrics
1.48/2
Source(s): 2022 social extra-financial data.pdf, page 3; Code of Business Conduct 2022, page 4; Danone Sustainability Principles and Implementation Note for Business Partners 2022, page 1, 6; URD Social Societal and Environmental Responsibility 2022, page 177, 178; Universal Registration Document 2022, page 171, 177, 178, 181



Food Safety

31/100

Food Safety System
50/100
Certifications
2/3.5
Performance
0.5/1.5
Source(s): Universal Registration Document 2022, page 33, 186, 187, 214

Product Recalls & Market Bans
13/100
Product Recall Systems
0.13/3
Performance
0.5/2
Source(s): Universal Registration Document 2022, page 23



Sustainability Governance

79/100

Assessment of a Company's Sustainability Governance
79/100
Board Sustainability
1.75/2
Incentives & Policy Engagement
1.95/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): CDP Climate, page 279; CDP Climate 2022, page 288, 296; DANONE POLICY ON ADVOCACY, page 6; Danone CDP Climate Chnage 2022, page 22; Integrated Annual Report 2022, page 41; Isabelle Esser; LISE KINGO Biography; Materiality Report, page 2; Regenerative Agriculture Scorecard; Universal Registration Document 2022, page 145, 147, 148, 266, 267



Alternative Proteins

45/100

Diversification of Products to Alternative Protein Sources
45/100
Existing product portfolio
0.25/2.5
Investing for future growth
2/2.5
Source(s): Danone Drops $2 Million Into Wilk’s Cultured Breast Milk; Danone Makes Its Second Alt-Milk Investment In a Month With Minority Stake In Imagindairy; Essential Dairy & Plant-based products (strategy, research & innovation); Integrated Annual Report 2022, page 9, 22; Silk Webpage; Universal Registration Document 2022, page 12, 198

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