Japfa Ltd

JAP:SP SG1AB9000005
Key Information
HQ:
Singapore
Market Cap:
$0.46bn
Primary Market:
Asia



Company Information

Company Summary

Japfa is a Singapore-based company that specialises in producing quality dairy, protein staples (poultry, beef, swine and aquaculture) and packaged food. Its business is vertically integrated from animal feed production and breeding to commercial farming and food processing. It is one of the two largest producers of poultry in Indonesia. The Company has an integrated network of modern farming, processing and distribution facilities in Indonesia, Vietnam, India, Myanmar and Bangladesh. Its Indonesian dairy business in China has made it one of the leading producers of premium raw milk in the country.
JAPFA

Revenue

Total revenue:

$4.6bn

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
YesNoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
Has not set SBT--

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

24/100
High Risk



Greenhouse Gas Emissions

19/100

Scope 1, 2 & 3 Target
25/100
Type of Target
0/3
Strength of Target - Non-SBT
1.25/2
Source(s): Annual Report 2022, page 4, 27, 37, 52, 89; Sustainability Report 2022, page 25, 26, 103, 119

Innovation on GHG Emission Reduction
0/100
Innovation to Reduce Agriculture Emissions
0/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): Sustainability Report 2022, page 52, 106

Quality of GHG Inventory
49/100
Quality and scope of GHG inventory Completeness
1.43/1.5
Feed & Animal Farming Emissions
0.5/2
Transparency of GHG Inventory
0.5/1.5
Source(s): JAPFA CDP Reponse; Sustainability Report 2022, page 119

Emissions Performance
5/100
Overall Emission Performance
0.25/5
Source(s): Sustainability Report 2022, page 119

Climate-related Scenario Analysis
14/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.7/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): 20230331_Japfa_Ltd_SR2022 (1).pdf, page 48; Annual Report 2022, page 192; Climate-related Disclosure in SR2022, page 13; Risk Management Policies Webpage; Sustainability Report 2022, page 19, 29, 31, 39, 95, 103, 113, 115



Deforestation & Biodiversity

14/100

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): Annual Report 2022, page 175; Japfa Supplier Code of Conduct., page 2; Sustainability Report 2022, page 32, 73, 98, 103

Engagement, Monitoring & Traceability - Soy for Animal Feed
27/100
Supplier Engagement
0.1/1.25
Compliance monitoring & Traceability
1/3.25
Feed Innovation
0.25/0.5
Source(s): 20230331_Japfa_Ltd_SR2022 (1).pdf, page 32, 103; Supplier Code of Conduct, page 3; Sustainability Report 2022, page 98

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
50/100
Proportion of Farms Certified
2.5/5
Source(s): Certificates Indonesia Webpage; Sustainability Report 2022, page 70, 71, 94

Feed Ingredients & Conversion Ratios
4/100
Feed Disclosure
0.2/2
Performance of Feed Metrics
0/3
Source(s): Certificates Indonesia Webpage; Sustainability Report 2022, page 70, 71, 94, 98

Feed Innovation
0/100
Strategy
0/2.75
Performance
0/2.25
Source(s): Annual Report 2022, page 192; PT Japfa Comfeed Indonesia_Sustainability Report 2022_English.pdf

Ecosystem Impacts
0/100
Escapes
0/3.25
Reducing Biodiversity Impacts
0/1.25
Algal Blooms
0/0.5
Source(s): Sustainability Report 2022, page 114



Water Use & Scarcity

9/100

Water Use & Scarcity in Facilities
23/100
Monitoring Water Consumption & Withdrawals
0.52/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
0.61/3.25
Source(s): Sustainability Report 2022, page 11, 32, 59, 109, 110, 112

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): PT Japfa Comfeed Indonesia_Sustainability Report 2022_English.pdf, page 67; Sustainability Report 2022, page 30, 32, 98, 119

Water Use & Scarcity in Animal Farming
5/100
Supplier Engagement in Water Use in Animal Farming
0.24/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Sustainability Report 2022, page 32, 110



Waste & Pollution

8/100

Wastewater at Facilities
14/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0/1.5
Transparency on Water Pollution Risks
0.23/2
Performance on Wastewater Quality & Volume Discharged
0.45/1.5
Source(s): Sustainability Report 2022, page 11, 32, 112

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): Sustainability Report 2022, page 117

Manure Management in Animal Farming
9/100
Disclosure of Pollution Risks from Manure
0.24/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0.2/2.25
Source(s): 20230331_Japfa_Ltd_SR2022 (1).pdf, page 116; PT Japfa Comfeed Indonesia_Sustainability Report 2022_English.pdf, page 78, 80; Sustainability Report 2022, page 59, 116; Sustainability Report 2022 PT Japfa Comfeed Indonesia Tbk.pdf, page 64

Nutrient Management in Aquaculture
12/100
Disclosure of Pollution Risks in Animal Farming Operations
0.38/3
Performance on Pollution Management
0.2/2
Source(s): Certificates Indonesia Webpage; PT Japfa Comfeed Indonesia_Sustainability Report 2022_English.pdf, page 60, 63; Sustainability Report; Sustainability Report 2022, page 59, 96



Antibiotics

21/100

Policy on Antibiotics Use
43/100
Policy on Antibiotics Use
2.13/5
Source(s): Sustainability Report 2022, page 59, 90, 99

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



Animal Welfare

20/100

Animal Welfare Policy
40/100
Welfare Policy
0.98/2
Key Welfare Issues
1/3
Source(s): Sustainability Report 2022, page 25, 26, 31, 59, 90, 93, 95, 97, 139

Assurance & Certification
10/100
Auditing & Assurance by an Animal Welfare Organisation
0.5/4
Public Reporting on Welfare
0/1
Source(s): Sustainability Report 2022, page 53, 54, 94, 97

Performance on Key Material Risks
25/100
Performance on Key Material Welfare Risks by Protein
1.23/5
Source(s): Sustainability Report 2022, page 95, 97

Aquatic Animal Welfare
5/100
Welfare Policy
0.25/2.5
Reporting on Animal Welfare Metrics
0/2
Reporting on Measures to Improve Welfare
0/0.5
Source(s): Sustainability Report 2022, page 31, 92, 96, 97, 98, 99, 138

Disease Management - Shrimp Aquaculture
20/100
Mortality
0/2
Disease Outbreak & Biosecurity
1/3
Source(s): Sustainability Report 2022, page 44, 96



Working Conditions

36/100

Human Rights
10/100
Strength of Policy
0.5/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Supplier Code of Conduct, page 2; Sustainability Report 2022, page 36, 131; Sustainability Report 2022 Indonesia, page 93

Fair Working Conditions
42/100
Policy for Direct Operations
1.4/3
Monitoring & Discosure
0.7/2
Source(s): PT Japfa Comfeed Indonesia Annual Report 2022, page 178; Supplier Code of Conduct, page 2, 3; Sustainability Report 2022, page 51, 52, 130, 131, 132, 133; Sustainability Report 2022 Indonesia, page 92; Whistle Blowing Policy Webpage

Safety & Turnover Data
65/100
Committee representation of workers
0.64/2
Disclosure of safety and turnover data
2.61/3
Source(s): Sustainability Report 2022, page 128, 129, 131

Freedom of Association
25/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
0.25/2
Source(s): Supplier Code of Conduct, page 2; Sustainability Report 2022, page 40, 132



Food Safety

39/100

Food Safety System
25/100
Certifications
1.25/3.5
Performance
0/1.5
Source(s): PT Japfa Comfeed Indonesia Annual Report 2022, page 90; Sustainability Report 2022, page 44, 70, 71, 72, 107

Product Recalls & Market Bans
53/100
Product Recall Systems
2.13/3
Performance
0.5/2
Source(s): Sustainability Report 2022, page 38, 62, 73



Sustainability Governance

48/100

Assessment of a Company's Sustainability Governance
48/100
Board Sustainability
1.13/2
Incentives & Policy Engagement
0.75/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Animal Health R&D; Annual Report 2022, page 39, 50; Feed Technology R&D; Nutritional R&D; Sustainability Report 2022, page 18, 19, 23, 54, 57, 60, 61, 107, 137, 147



Alternative Proteins

0/100

Diversification of Products to Alternative Protein Sources
0/100
Existing product portfolio
0/2.5
Investing for future growth
0/2.5
Source(s): Sustainability Report 2022, page 43

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