Darling Ingredients Inc
Key Information
HQ:
United States
Market Cap:
$5.56bn
Primary Markets:
North America, LATAM, Oceania, Asia, Europe
Business Type:
Specialty Ingredients
Waste & Pollution Engagement
Analysis Overview
Risk Assessment Downstream risk assessment quality and transparency Risk Mitigation Circularity Company Engagement
Summary
Darling Ingredients business is entirely circular. However, there is no discussion of growth for its fertiliser business segment (or targets) despite its core biofuel segment producing nutrient-rich digestate suitable for fertiliser.
Analysis Breakdown
Risk Assessment
Medium
Coverage of water quality risk assessment
The company has conducted an annual water risk assessment since 2020. The company disclosed in 2019 that it used WRI's Aqueduct, WWF's Water Risk Filter, and Ecolab's Water Risk Monetizer. The company uses WRI's Aqueduct tool annually. The company covers all its direct operations in the risk assessment. It seems its international operations have not been assessed for water quality risks.
The company mentions that, in the risk assessment conducted in 2019, it found that three sites, excluding non-critical sites, have a high basin-level water risk. Two are located in California, and one is in New Jersey. It is unclear whether these sites are at high risk from a water quality or scarcity perspective.
Regarding biodiversity, the company says it has used the World Wildlife Fund's WWF biodiversity risk filter to map its global facilities' exposure to risks to the diversity and intactness of ecosystems, species and ecosystem services.
Transparency and disclosure of water quality indicators
The company mentions that it monitors various effluent parameters, such as BOD, TSS, and Nitrate, but does not disclose the percentage of sites whose average wastewater metrics are in line with the IFC EHS guidelines.
The company reports that it has had zero events of non-compliance associated with water quantity and/or quality permits, standards, and regulations.
The company does not disclose the water-related CAPEX or OPEX.
Recognition of nutrient pollution risk on biodiversity
The company mentions it has used the WWF biodiversity risk filter to map its global facilities. Still, it does not discuss areas of high biodiversity value in geographic regions where it operates, nor does it address the impact of nutrient pollution on these areas.
The company incorporates biodiversity and land use into its materiality assessment, but it does not explain how this influences its water quality assessments.
Downstream risk assessment quality and transparency
Poor
Inclusion of the downstream use of products in risk assessment
The company does not disclose information.
Acknowledgment of regulatory risks
The company does not disclose information.
Impact analysis of products on nature-related risks and climate
The company does not disclose information.
Risk Mitigation
Poor
Target-setting for water quality
The company discloses that it treats all its wastewater in accordance with the relevant discharge quality parameters and considers that it does not need to set targets.
Support to downstream farmers
The company does not disclose information.
Strategy on products with lower environmental impact
The company does not disclose information.
Circularity
Medium
Pilot projects around nutrient circularity
The company mentions that it transforms waste from grocery stores, restaurants, and slaughterhouses into either methane, which is then converted into electricity and heat, or material used in nutrient-rich fertiliser.
In 2024, they announced a partnership with GreenGasUSA to produce renewable natural gas and capture CO2 from wastewater at our U.S. facilities.
Disclosure of investment in circular solutions
The company does not disclose information.
Targets to increase share of manure under circular initiatives
The company's fertiliser products are all organic and circular. Still, the company has no discussion of growth for this business segment (or targets) despite its core biofuel segment producing digestate suitable for fertiliser products.
Disclosure of fertiliser revenue coming from circular sources
All the company´s fertilisers are organic, made from recycled waste.
Company Engagement
Poor
Level of company engagement with the coalition
The company did not provide a timely response to the investor letter; however, it did respond to the engagement questions.
The company did not meet with the investor signatories.
The company did not acknowledge the FAIRR´s assessment and did not provide feedback.
Members-only Content
To register as a member of the FAIRR network, please fill out the sign up form or if you need additional information on the FAIRR network, please contact investoroutreach@fairr.org.
Workstream Information
Current Stage:
Progress report published
Key Dates
Last Updated:
25 September 2025
Upcoming webinar
2 December 2025
2025/26 Resources
Phase 3 | Investor Briefing Pack Waste & Pollution Engagement