Maruha Nichiro Corporation

1333:JP JP3876600002
Key Information
HQ:
Japan
Market Cap:
$0.91bn
Primary Market:
Asia



Company Information

Company Summary

Maruha Nichiro Corporation engages in the fishing, fish farming, food processing, trading, meat products, and distribution businesses in Japan and internationally. The company offers seafood products; and operates Bluefin tuna and other farms. It also provides frozen and processed food products, including canned, fish sausage, nursing care, supplement, cosmetic, institutional, pet, and space food products, as well as desserts and retort pouch foods. In addition, the company engages in the trade and supply of shrimps and octopus in approximately 70 countries worldwide; production of beef, pork, chicken, and processed products; distribution of fish; and development of freezing technology for a network of cold storage businesses. Maruha Nichiro Corporation was founded in 1880 and is headquartered in Tokyo, Japan.
Maruha Nichiro

Revenue

Total revenue:

$7.7bn

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

18/100
High Risk



Greenhouse Gas Emissions

24/100

Scope 1, 2 & 3 Target
25/100
Type of Target
0/3
Strength of Target - Non-SBT
1.25/2
Source(s): CDP Climate Change; Integrated Report 2022, page 21, 38

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): Integrated Report 2022, page 39, 65; Marine Resources Webpage

Quality of GHG Inventory
30/100
Quality and scope of GHG inventory Completeness
1/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
0.5/1.5
Source(s): CDP Climate Change 2022; Environmental Data 2022, page 1

Emissions Performance
5/100
Overall Emission Performance
0.25/5
Source(s): Environmental Data 2022, page 1

Climate-related Scenario Analysis
39/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
0.93/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): 2022 Integrated Report, page 22; CDP Climate Change 2022, page 17, 21, 23; Climate Change Webpage; Integrated Report 2022, page 55; Scenario Analysis of Maruha Nichiro, page 4, 12



Deforestation & Biodiversity

16/100

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): Integrated Report 2022, page 41

Engagement, Monitoring & Traceability - Soy for Animal Feed
10/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0.5/3.25
Feed Innovation
0/0.5
Source(s): Suppliers Guideline 2022, page 8

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
70/100
Proportion of Farms Certified
3.5/5
Source(s): ASC Certificate 2022; Marine Resources Webpage

Feed Ingredients & Conversion Ratios
4/100
Feed Disclosure
0.2/2
Performance of Feed Metrics
0/3
Source(s): Integrated Report 2022, page 17; Maruha Nichiro ASC Audit Report 2022, page 16; Maruha Nichiro ASC Audit Report 2022 (1), page 15

Feed Innovation
15/100
Strategy
0.75/2.75
Performance
0/2.25
Source(s): 2022 Integrated Report; Marine Resources Webpage; Recycling Webpage

Sea Lice Management - Salmon (Fish at Sea Only)
0/100
Sea Lice Disclosure & Management
0/2
Cleaner Fish
0/3
Source(s): Fish Farming Webpage

Ecosystem Impacts
15/100
Escapes
0/3.25
Reducing Biodiversity Impacts
0.75/1.25
Algal Blooms
0/0.5
Source(s): Initiatives Webpage; Integrated Report 2022



Water Use & Scarcity

1/100

Water Use & Scarcity in Facilities
4/100
Monitoring Water Consumption & Withdrawals
0/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
0.2/3.25
Source(s): Environmental Data 2022, page 1; Integrated Report 2022, page 45

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
0/1.5
Source(s): Integrated Report 2022, page 20; Integrated Report 2022 report2022_en.pdf, page 40; Suppliers Guideline 2022, page 5

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): Integrated Report 2022, page 20; Suppliers Guideline 2022, page 5



Waste & Pollution

5/100

Wastewater at Facilities
18/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
0/2
Performance on Wastewater Quality & Volume Discharged
0.4/1.5
Source(s): Integrated Report 2022, page 17, 81; Recycling Webpage

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): Integrated Report 2022, page 20; Supplier Guidlines, page 5; Suppliers Guideline 2022, page 5

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): Integrated Report 2022, page 20

Nutrient Management in Aquaculture
0/100
Disclosure of Pollution Risks in Animal Farming Operations
0/4.5
Performance on Pollution Management
0/0.5
Source(s):



Antibiotics

3/100

Policy on Antibiotics Use
5/100
Policy on Antibiotics Use
0.25/5
Source(s): Integrated Report 2022, page 45

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



Animal Welfare

0/100

Animal Welfare Policy
0/100
Welfare Policy
0/2
Key Welfare Issues
0/3
Source(s): Integrated Report 2022, page 20

Assurance & Certification
0/100
Auditing & Assurance by an Animal Welfare Organisation
0/4
Public Reporting on Welfare
0/1
Source(s):

Performance on Key Material Risks
0/100
Performance on Key Material Welfare Risks by Protein
0/5
Source(s):

Aquatic Animal Welfare
0/100
Welfare Policy
0/2.5
Reporting on Animal Welfare Metrics
0/2
Reporting on Measures to Improve Welfare
0/0.5
Source(s):

Disease Management - All Fish
0/100
Mortality Rates
0/3.5
Disease Outbreak
0/1.5
Source(s): Fish Farming Webpage



Working Conditions

37/100

Human Rights
60/100
Strength of Policy
1/1
Due Diligence Process
2/3
Evidence of Remediation
0/1
Source(s): Compliance Webpage; Human Rights Webpage; Integrated Report 2022, page 46, 47

Fair Working Conditions
43/100
Policy for Direct Operations
1.4/3
Monitoring & Discosure
0.75/2
Source(s): Compliance Webpage; Human Rights Webpage; Integrated Report 2022, page 46, 81; Suppliers Guideline 2022, page 4, 5

Safety & Turnover Data
18/100
Committee representation of workers
0.65/2
Disclosure of safety and turnover data
0.25/3
Source(s): Better Workplaces Webpage

Freedom of Association
25/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
0.25/2
Source(s): Labor-Management Relations Webpage; Maruha Nichiro Group Supplier Guidelines [Handbook] 2022, page 8; Maruha Nichiro Group’s Medium to Long-term Sustainability Management Plan, page 6; Personnel and Labor-Related Data(FY2021), page 1; Suppliers Guideline 2022, page 5



Food Safety

20/100

Food Safety System
5/100
Certifications
0.25/3.5
Performance
0/1.5
Source(s): Food Safety Webpage

Product Recalls & Market Bans
35/100
Product Recall Systems
1.25/3
Performance
0.5/2
Source(s): Annual report 2022.pdf, page 37; Apology and Notice of Product Recall 2022, page 1; Food Safety Webpage



Sustainability Governance

61/100

Assessment of a Company's Sustainability Governance
61/100
Board Sustainability
1.75/2
Incentives & Policy Engagement
1.05/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Initiatives Webpage; Integrated Report 2022, page 34, 36, 37, 45, 51, 68, 69, 79, 80; New Medium-term Management Plan "For the ocean, for life MNV 2024", page 1, 4



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): Annual report 2022.pdf, page 40

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