Fortune Ng Fung Food Hebei Co Ltd
600965:CH CNE000001K99
Key Information
HQ:
China
Market Cap:
$0.89bn
Primary Market:
Asia
Company Information
Company Summary
Fortune Ng Fung Food is a China-based company, principally engaged in livestock breeding and slaughtering, and food processing businesses. Its principal products include live cattle, beef, mutton, meat (pork) products, dairy products, fast food, and beverages.
Revenue
Total revenue:
$0.2bn
Revenue by Geography
Revenue by Protein
Revenue by Product Type
Disclosures
CDP ScoresLast Reviewed: 11/10/2023
| CDP Climate | CDP Forests | CDP Water |
|---|---|---|
| Yes | No | No |
Science Based Target initiativeLast Reviewed: 03/10/2023
| Target classification | Status | Date |
|---|---|---|
| N/A | N/A | N/A |
This company is no longer assessed by the Coller FAIRR Protein Producer Index.
Coller FAIRR Protein Producer Index
Analysis Overview
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
2/100
High Risk
Greenhouse Gas Emissions
0/100
Scope 1, 2 & 3 Target
0/100
Type of Target
The company has not set an emissions reduction target.
0/0
Strength of Target - Non-SBT
The company is involved in the breeding, slaughtering and processing of cattle, including beef and lamb. Its business also includes dairy farming, restaurant chains and funeral services. Emissions from breeding, slaughtering and processing would be accounted for in its Scope 1 and 2 emissions. However, the company does not disclose GHG emissions or reduction targets. The company is involved in importing and exporting goods. However, it does not disclose whether it has set targets to reduce GHG emissions from Scope 3.
0/2
Strength of Target - SBT
0/3
Innovation on GHG Emission Reduction
0/100
Innovation to Reduce Agriculture Emissions
The company does not discuss working with suppliers to reduce emissions from agriculture.
0/1
Feed Farming Innovation
The company does not disclose innovations to reduce emissions from feed farming.
0/2
Animal Farming Innovation
The company does not disclose innovations to reduce emissions from animal farming.
0/2
Quality of GHG Inventory
0/100
Quality and scope of GHG inventory Completeness
The company does not disclose data on its GHG emissions/inventory.
0/1.5
Feed & Animal Farming Emissions
The company does not disclose emissions from animal farming or feed production.
0/2
Transparency of GHG Inventory
The company does not disclose information on climate to the CDP, nor does it disclose if its data is audited by a third party.
0/1.5
Emissions Performance
0/100
Overall Emission Performance
The company does not disclose information on its emissions performance, neither quantitatively or qualitatively. The company does not disclose a quantitive decrease in emissions arising from feed or enteric fermentation or manure management.
0/5
Climate-related Scenario Analysis
0/100
Climate-related Scenarios Analysis Conducted
The company does not disclose if it has conducted climate-related scenario analysis.
0/1
Disclosure of Analysis Results on Material Risks
The company reports that the sales expenses increased by 2.51% in part due to energy costs. However, the company does not discuss the impact of increased energy costs on its operations.
0/3
Disclosure of Financial Material Events & Alignment of CAPEX
The company has not committed to aligning its CAPEX with its GHG targets.
0/1
Deforestation & Biodiversity
0/100
Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
The company is involved in the importing and exporting of soy products. However, it does not discloses information related to how it manages deforestation risks linked to soy.
0/0.5
Strength of Deforestation Commitment
The company has not committed to sourcing deforestation-free soy.
0/2
Regional & Operational Coverage of Commitment
0/1.25
Transparency - Progress Against Commitment
0/1.25
Deforestation/Conversion-free Target - Cattle
0/100
Risk Assessment to Identify High-risk Locations
The company does not disclose information related to how it manages deforestation risks linked to cattle.
0/0.5
Strength of Deforestation Commitment
The company has not committed to sourcing deforestation-free cattle.
0/3.25
Transparency - Progress Against Commitment
0/1.25
Engagement, Monitoring & Traceability - Soy for Animal Feed
0/100
Supplier Engagement
The company does not disclose information on how it engages soy suppliers on deforestation risks.
0/1.25
Compliance monitoring & Traceability
The company does not disclose monitoring its suppliers on deforestation or the extent to which it has traceability of soy sourced.
0/3.25
Feed Innovation
0/0.5
Engagement, Monitoring & Traceability - Cattle
0/100
Supplier Engagement
The company does not disclose information related to how it manages deforestation risks linked to cattle.
0/1.25
Compliance monitoring & Traceability
The company does not disclose monitoring its suppliers on deforestation or the extent to which it has traceability of cattle sourced.
0/3.5
Feed Innovation
0/0.25
Water Use & Scarcity
0/100
Water Use & Scarcity in Facilities
0/100
Monitoring Water Consumption & Withdrawals
The company does not mention its water use or water scarcity in the context of facilities in public disclosures.
0/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
The company merely reports that it has updated its sewage station.
0/3.25
Water Use & Scarcity in Feed Farming
0/100
Supplier Engagement in Water Use in Feed Farming
The company does not disclose information relating to water scarcity risks in feed farming.
0/3
Disclosure of Water Risks in Feed Farming
0/2
Water Use & Scarcity in Animal Farming
0/100
Supplier Engagement in Water Use in Animal Farming
The company does not disclose information relating to water scarcity risks in animal farming.
0/3
Disclosure of Water Risks in Animal Farming
0/2
Waste & Pollution
3/100
Wastewater at Facilities
10/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
The company discloses that there were no non-compliance of environmental pollution incidences during the report period. It can be assumed that there was no fine for non-compliance with water quality permits, standards, and regulations. The company has not conducted an analysis to identify its processing facilities operating in water-stressed areas. The company has not set quality or volume targets.
0.5/1.5
Transparency on Water Pollution Risks
0/2
Performance on Wastewater Quality & Volume Discharged
0/1.5
Nutrient Management in Feed Farming
0/100
Supplier Engagement in Nutrient Pollution Risks
The company does not disclose information relating to nutrient management in feed farming.
0/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Manure Management in Animal Farming
0/100
Disclosure of Pollution Risks from Manure
In the previous reporting period, the company mentioned it had built an organic fertilizer plant to treat the manure. However, no information relating to manure management or treatment is reported in the current reporting period.
0/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Antibiotics
0/100
Policy on Antibiotics Use
0/100
Policy on Antibiotics Use
The company does not have any publicly disclosed antibiotics policy in place, and does not disclose any measures taken to reduce the demand for or usage of antibiotics in it's operations.
0/5
Disclosure of Quantity of Antibiotics Used
0/100
Disclosure of Quantity of Antibiotics Used
The company does not disclose the quantity of antibiotics used in the reporting period in any capacity, nor does it disclose it's reasons for the use of antibiotics during the reporting year.
0/5
Animal Welfare
0/100
Animal Welfare Policy
0/100
Welfare Policy
The company does not have an explicit animal welfare policy and it does not discuss employee training and measures taken if animal welfare is breached and does not disclose investing in research and development for animal welfare.
0/2
Key Welfare Issues
The company does not disclose commitments to restrict mutilation, limit transportation, humane slaughter, environmental enrichment and higher welfare breeds.
0/3
Assurance & Certification
0/100
Auditing & Assurance by an Animal Welfare Organisation
The company does not disclose whether there is third-party auditing, monitoring or assuring animal welfare.
0/4
Public Reporting on Welfare
The does not report on welfare metrics.
0/1
Performance on Key Material Risks
0/100
Performance on Key Material Welfare Risks by Protein
Beef: The company does not discuss maximum transport times, effective stunning and dehorning for its beef operations. Dairy: The company does not discusses prohibiting tethering, monitoring lameness prevalence, mastitis incidence and appropriate bedding for its dairy operations. Broiler Chicken: The company does not discuss a maximum 30kg/m2 stocking density, prohibiting waterbath stunning and the use of higher welfare breeds for its poultry operations.
0/5
Working Conditions
0/100
Human Rights
0/100
Strength of Policy
The company does not disclose information relating to a human rights policy.
0/1
Due Diligence Process
The company does not disclose how it assesses actual and potential human rights risks.
0/3
Evidence of Remediation
The company does not disclose any information on how it mitigates risk and remediates people and/or communities.
0/1
Fair Working Conditions
0/100
Policy for Direct Operations
The company does not disclose information related to the company's policies on freely chosen employment, prohibiting child labour, prohibiting discrimination, promoting fair wages, or prohibiting abuse, including how compliance is monitored. The company does not include fair working conditions in its supplier policy. The company does not disclose whether it provides sick pay to its workers.
0/3
Monitoring & Discosure
The company does not disclose having a grievance mechanism in place.
0/2
Safety & Turnover Data
0/100
Disclosure of safety and turnover data
The company does not disclose information on its approach to managing health and safety risks, such as health and safety training for employees or certification. The company does not disclose the proportion of sites which have a health and safety committee comprised of worker representatives. The company does not discuss antimicrobial resistance risk to workers.
0/2
Committee representation of workers
The company does not report injury, fatality, or turnover data.
0/3
Freedom of Association
0/100
Strength of Policies
The company does not provide a basic statement on the right to freedom of association and does not disclose the unionisation rate of its workforce. The company does not provide a description of measures taken to support rights. The company's supplier code of conduct does not include a requirement/expectation to set a policy on freedom of association and collective bargaining.
0/3
Disclosure of Collective Bargaining Metrics
The company does not disclose the percentage or the number of workers covered by collective bargaining agreements and does not disclose that bargaining agreements cover all workers regardless of contract type. The company does not disclose the distribution of its workforce across existing contractual agreements.
0/2
Food Safety
15/100
Food Safety System
10/100
Certifications
The company discloses that beef slaughtering and processing are done through the ISO9001: 2000GB / TI9001-2000 quality management system and HACCP certification. The company does not disclose that suppliers are expected to have GFSI certification and does not disclose the porportion of suppliers certified with GFSI certification.
0.5/3.5
Performance
0/1.5
Product Recalls & Market Bans
20/100
Product Recall Systems
The company does not discuss having a product recall system in place.
0/3
Performance
The company does not disclose information related to product recalls or market bans and there were no product recalls or market bans detected in media screening in the reporting period.
1/2
Sustainability Governance
0/100
Assessment of a Company's Sustainability Governance
0/100
Board Sustainability
The company does not disclose whether the board of directors is mandated to oversee sustainability issues. The company does not disclose whether it has conducted a materiality assessment. The company does not disclose having a board member with expertise in sustainability, food safety, product development, or innovation.
0/2
Incentives & Policy Engagement
The company does not disclose whether it engages with public officials or trade and civil associations on ESG issues. It does not disclose whether it has set executive monetary remunerations linked with sustainability performance.
0/2.5
Innovation & Benchmarking
The company does not disclose if it has a strategic approach to sustainability innovation.
0/0.5
Alternative Proteins
0/100
Diversification of Products to Alternative Protein Sources
0/100
Existing product portfolio
The company does not indicate having an approach towards diversifying its product range to include plant-based and alternative proteins.
0/2.5
Investing for future growth
The company has not publicly acknowledged protein diversification as a material business issue.
0/2.5
Workstream Information
2022 Risk Score:
2/100
Level:
High Risk
Ranking:
/60
Main Protein:
Beef
Assessed Proteins:
Beef, Poultry and eggs, Pork
Company Feedback Given:
No
Last Updated:
6 December 2022
2022 Resources
Company Webinar Video Index Asia Trends Report 2022/23 (Mandarin) Index Asia Trends Report 2022/23 (English) About the Index Trends Report Coller FAIRR Protein Producer Index