Inghams Group Ltd

ING:AU AU000000ING6
Key Information
HQ:
Australia
Market Cap:
$0.8bn
Primary Market:
Oceania



Company Information

Company Summary

Inghams is Australia and New Zealand's largest vertically integrated poultry producer. The Company is focused on the production and sale of chicken and turkey products across its vertically integrated free-range, value-enhanced, primary processed, further processed and by-product categories. In addition, the Company's stock feed is produced primarily for internal use but also for the poultry and pig industries.
Inghams

Revenue

Total revenue:

$2.0bn

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
NoNoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
1.5°CCommitted2021

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

32/100
Medium Risk



Greenhouse Gas Emissions

40/100

Scope 1, 2 & 3 Target
50/100
Type of Target
0/1.25
Strength of Target - Non-SBT
1.5/2
Strength of Target - SBT
1/1.75
Source(s): Annual Report 2022, page 42, 53, 55; Inghams SBTi Release; SBTi Webpage; Sustainability Report 2022, page 30

Innovation on GHG Emission Reduction
20/100
Innovation to Reduce Agriculture Emissions
0/1
Feed Farming Innovation
0/2
Animal Farming Innovation
1/2
Source(s): Annual Report 2022, page 44; Sustainability Report 2022, page 30, 31, 32, 41

Quality of GHG Inventory
25/100
Quality and scope of GHG inventory Completeness
1.25/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
0/1.5
Source(s): Annual Report 2021, page 23; Annual Report 2022, page 44, 65, 152; CDP Webpage

Emissions Performance
50/100
Overall Emission Performance
2.5/5
Source(s): Annual Report 2021, page 23; Annual Report 2022, page 42

Climate-related Scenario Analysis
55/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
1.75/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Report 2021, page 31; Annual Report 2022, page 51, 52, 54, 55, 80



Deforestation & Biodiversity

10/100

Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Annual Report 2021, page 15; Annual Report 2022, page 44, 69

Engagement, Monitoring & Traceability - Soy for Animal Feed
20/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0.75/3.25
Feed Innovation
0.25/0.5
Source(s): Annual Report 2022, page 44



Water Use & Scarcity

8/100

Water Use & Scarcity in Facilities
25/100
Monitoring Water Consumption & Withdrawals
0.25/0.75
Target to Reduce Water Consumption & Withdrawals
1/1
Disclosure & Performance of Water Risks in Facilities
0/3.25
Source(s): Annual Report 2021, page 27; Annual Report 2022, page 46, 47, 52, 66

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): Annual Report 2022, page 44, 69; Sustainability Report 2022, page 42

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): Annual Report 2022, page 46; Sustainability Report 2022, page 34, 40



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): Annual Report 2021, page 24; Sustainability Report 2022, page 34

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): Annual Report 2022, page 44, 69

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

45/100

Policy on Antibiotics Use
90/100
Policy on Antibiotics Use
4.5/5
Source(s): Animal Health and Welfare Report 2021, page 7; Annual Report 2022, page 79; Antibiotic Stewardship Policy 2022, page 2

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



Animal Welfare

48/100

Animal Welfare Policy
79/100
Welfare Policy
1.75/2
Key Welfare Issues
2.2/3
Source(s): Animal Health and Welfare Report 2021, page 5, 11, 13; Animal Welfare Policy 2022, page 2, 3, 4; Annual Report 2022, page 40, 41; Farming Webpage

Assurance & Certification
50/100
Auditing & Assurance by an Animal Welfare Organisation
2.5/4
Public Reporting on Welfare
0/1
Source(s): Animal Welfare Policy 2022, page 3; Annual Report 2021, page 21; Annual Report 2022, page 12, 40; Farming Webpage

Performance on Key Material Risks
15/100
Performance on Key Material Welfare Risks by Protein
0.75/5
Source(s): Animal Health and Welfare Report 2021, page 8, 11; Annual Report 2022, page 40



Working Conditions

43/100

Human Rights
40/100
Strength of Policy
0.5/1
Due Diligence Process
1.5/3
Evidence of Remediation
0/1
Source(s): Annual Report 2022, page 38, 39; Modern Slavery Statement 2022, page 8, 10

Fair Working Conditions
57/100
Policy for Direct Operations
1.6/3
Monitoring & Discosure
1.25/2
Source(s): Annual Report 2022, page 38, 39, 90; Code of Conduct 2023, page 9; Modern Slavery Statement 2022, page 7, 8, 9, 10; Rewards & Benefits Webpage; Supplier Code of Conduct 2022, page 1; Whistleblower Policy 2022, page 2, 3

Safety & Turnover Data
35/100
Committee representation of workers
0.25/2
Disclosure of safety and turnover data
1.5/3
Source(s): Annual Report 2021, page 15, 56; Annual Report 2022, page 32, 95; Code of Conduct 2023, page 9; Work Health and Safety Management Policy 2021, page 1

Freedom of Association
40/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
1/2
Source(s): Annual Report 2022, page 35; Supplier Code of Conduct 2022, page 1, 4



Food Safety

43/100

Food Safety System
55/100
Certifications
2.25/3.5
Performance
0.5/1.5
Source(s): Annual Report 2022, page 19, 20, 26, 28, 79; Food Safety and Quality Policy 2023, page 1

Product Recalls & Market Bans
30/100
Product Recall Systems
0.5/3
Performance
1/2
Source(s): Annual Report 2022, page 79



Sustainability Governance

48/100

Assessment of a Company's Sustainability Governance
48/100
Board Sustainability
1.38/2
Incentives & Policy Engagement
1/2.5
Innovation & Benchmarking
0/0.5
Source(s): Annual Report 2021, page 52; Annual Report 2022, page 22, 24, 64, 66, 78, 94, 95, 96



Alternative Proteins

40/100

Diversification of Products to Alternative Protein Sources
40/100
Existing product portfolio
0.5/2.5
Investing for future growth
1.5/2.5
Source(s): Annual Report 2021, page 11; Annual Report 2022, page 21, 44, 55, 57

Members-only supplement

If you would like to view the Analysis Breakdown, sign up to become an investor member or log in to the FAIRR network.