Emmi AG

EMMN:SW CH0012829898
Key Information
HQ:
Switzerland
Market Cap:
$4.95bn
Primary Markets:
Europe & Russia, LATAM



Company Information

Company Summary

Emmi AG develops, produces, and markets a range of dairy and fresh products primarily in Switzerland, the Americas, and Europe. Its offers cow, goat, and sheep milk; mozzarella and fresh cheese, yogurt, drinking milk, and butter; fondue; energy milk and cafe latte; ice cream; whey powder; protein products and milk powder/concentrates. Emmi AG also exports its products to approximately 60 countries. The company was founded in 1993 and is headquartered in Lucerne, Switzerland. Emmi AG is a subsidiary of ZMP Invest AG.
Emmi

Revenue

Total revenue:

$4.3bn

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
YesNoNo

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

31/100
Medium Risk



Greenhouse Gas Emissions

51/100

Scope 1, 2 & 3 Target
75/100
Type of Target
0/0.5
Strength of Target - SBT
3.75/4.5
Source(s): Annual Report 2022, page 13; Locations Worldwide Webpage; SBTi Webpage; Sustainability Report 2022, page 3, 5, 27, 28

Innovation on GHG Emission Reduction
20/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): Emmi and Nestlé Media Release 2022; Sustainability Report 2022, page 23, 30, 31

Quality of GHG Inventory
80/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
1.5/1.5
Source(s): CDP Website; Sustainability Report 2022, page 6, 27, 38, 85, 86

Emissions Performance
70/100
Overall Emission Performance
3.5/5
Source(s): Sustainability Report 2022, page 6, 85

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 113; Emmi CDP Cliamte Change 2021.pdf, page 33; Sustainability Report 2022, page 32, 33



Deforestation & Biodiversity

27/100

Deforestation/Conversion-free Target - Soy for Animal Feed
5/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0.25/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Caring for our communities Webpage; EMMI SUPPLIER CODE OF CONDUCT 2022.pdf, page 9; Initiatives & partnerships Webpage; Progress Webpage; Soy Network Buyers Webpage; Sustainability Report 2022, page 11, 26, 94; Sustainability Webpage; Sustainable Swiss milk Webpage

Engagement, Monitoring & Traceability - Soy for Animal Feed
48/100
Supplier Engagement
1.05/1.25
Compliance monitoring & Traceability
1.35/3.25
Feed Innovation
0/0.5
Source(s): Annual Report Soy Network Switzerland 2022; EMMI SUPPLIER CODE OF CONDUCT 2022.pdf, page 9; Soja Network Factsheet 2021, page 4; Soja Netzwerk Bericht 2021; Soy Network Buyers Webpage; Sustainability Report 2022, page 94



Water Use & Scarcity

21/100

Water Use & Scarcity in Facilities
64/100
Monitoring Water Consumption & Withdrawals
0.71/0.75
Target to Reduce Water Consumption & Withdrawals
0.48/1
Disclosure & Performance of Water Risks in Facilities
1.99/3.25
Source(s): Sustainability Report 2022, page 6, 11, 50, 51, 52, 85, 86

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): Sustainability Report 2022, page 49; Sustainable Swiss milk Webpage

Water Use & Scarcity in Animal Farming
0/100
Supplier Engagement in Water Use in Animal Farming
0/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s):



Waste & Pollution

0/100

Wastewater at Facilities
0/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0/1.5
Transparency on Water Pollution Risks
0/2
Performance on Wastewater Quality & Volume Discharged
0/1.5
Source(s): Sustainability Report 2022, page 40, 51

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): Caring for our communities Webpage; Sustainability Report 2022, page 26; Sustainability Webpage

Manure Management in Animal Farming
0/100
Disclosure of Pollution Risks from Manure
0/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s):



Antibiotics

10/100

Policy on Antibiotics Use
20/100
Policy on Antibiotics Use
1/5
Source(s): Consumer Info; Free-ranging cows; Prevention is better than cure Webpage; Sustainability - 21 April 2023; Sustainability Report 2022, page 26; Sustainable Swiss milk Webpage; Use of antibiotics; We will process 100% sustainable milk worldwide; What animal welfare legislation does Emmi observe? (Observance of animal welfare legislation/promotion of the RAUS and BTS programmes); emmi-methodology-sustainable-dairy (1).pdf

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



Animal Welfare

52/100

Animal Welfare Policy
74/100
Welfare Policy
1.5/2
Key Welfare Issues
2.2/3
Source(s): Animal welfare in breeding; EMMI SUPPLIER CODE OF CONDUCT 2022.pdf, page 9; Free-ranging cows; From organic to Demeter; General information on the keeping of livestock; Sustainability - 21 April 2023; Sustainability Report 2022, page 22, 23; Sustainability Webpage; Sustainable Swiss milk Webpage; We will process 100% sustainable milk worldwide; What animal welfare legislation does Emmi observe? (Observance of animal welfare legislation/promotion of the RAUS and BTS programmes); emmi-methodology-sustainable-dairy (1).pdf; group.emmi.com_che_en_brands_faq_sustainability.pdf

Assurance & Certification
35/100
Auditing & Assurance by an Animal Welfare Organisation
1.5/4
Public Reporting on Welfare
0.25/1
Source(s): Caring for our communities Webpage; Sustainability Report 2022, page 4; Sustainable Swiss milk Webpage; What animal welfare legislation does Emmi observe? (Observance of animal welfare legislation/promotion of the RAUS and BTS programmes)

Performance on Key Material Risks
48/100
Performance on Key Material Welfare Risks by Protein
2.38/5
Source(s): From organic to Demeter; Sustainable Swiss milk Webpage; What animal welfare legislation does Emmi observe? (Observance of animal welfare legislation/promotion of the RAUS and BTS programmes); emmi-methodology-sustainable-dairy (1).pdf



Working Conditions

42/100

Human Rights
30/100
Strength of Policy
1/1
Due Diligence Process
0.5/3
Evidence of Remediation
0/1
Source(s): EMMI SUPPLIER CODE OF CONDUCT 2022.pdf, page 4, 6, 11; Modern Slavery Act 2021, page 2, 3; Sustainability Report 2022, page 79, 92

Fair Working Conditions
44/100
Policy for Direct Operations
1.2/3
Monitoring & Discosure
1/2
Source(s): Code of Conduct 2022, page 1, 2; EMMI SUPPLIER CODE OF CONDUCT 2022.pdf, page 4, 6, 7, 11; Modern Slavery Act 2021, page 1, 2; Sustainability Report 2022, page 79, 93; Whistleblowing Channel Emmi

Safety & Turnover Data
48/100
Committee representation of workers
0.4/2
Disclosure of safety and turnover data
2/3
Source(s): Sustainability Report 2022, page 17, 74, 75, 76, 77, 85

Freedom of Association
46/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
1.3/2
Source(s): EMMI SUPPLIER CODE OF CONDUCT 2022.pdf, page 6; Modern Slavery Act 2021, page 2; Sustainability Report 2022, page 18, 95



Food Safety

33/100

Food Safety System
35/100
Certifications
1.75/3.5
Performance
0/1.5
Source(s): General requirements for suppliers of raw materials.pdf, page 1, 2; Sustainability Report 2022, page 61, 62, 63

Product Recalls & Market Bans
30/100
Product Recall Systems
0.5/3
Performance
1/2
Source(s): General Terms and Conditions of Purchase of the Emmi Group 2023.pdf, page 1; Sustainability Report 2022, page 93



Sustainability Governance

48/100

Assessment of a Company's Sustainability Governance
48/100
Board Sustainability
0.88/2
Incentives & Policy Engagement
1.25/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Annual Report 2022, page 9; Emmi and WWF Collaboration; Group Management Webpage; Soja Network Factsheet 2021, page 4; Sustainability Report 2022, page 9, 10, 11, 23, 30, 45, 46, 64, 65, 81, 89, 90, 94



Alternative Proteins

50/100

Diversification of Products to Alternative Protein Sources
50/100
Existing product portfolio
0.5/2.5
Investing for future growth
2/2.5
Source(s): Annual Report 2022, page 13, 21, 73; Emmi R&D: vegan lab; Sustainability Report 2022, page 6, 7, 21, 59, 65, 69

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