Muyuan Foodstuff Co Ltd

The company mentions that it conducts a pollution risk assessment before a farm is built and once it has been built. First, all the environmental risks and water resource risks of the project site are identified and evaluated. Once the farm is built, the company carries out sampling and monitoring of the soil, groundwater, surface water, and crops around all the company's farms in use. The company uses an internal methodology to assess water risks. However, it does not disclose the quality parameters used. In the engagement call with FAIRR, the company mentioned that it had not identified any operation located in an area of high risk from a pollution perspective. The company does not mention whether it operates in areas considered as "medium risk" from a water quality perspective.

The company mentions that effluent water is discharged after SS2, COD, BOD, and total nitrogen have been treated and meet requirements. However, the company does not provide additional information on those parameters. The company stated that it strictly follows regulations relevant to water pollution. However, it does not explicitly disclose having zero penalties.

The company includes biodiversity and land utilisation in its materiality assessment matrix. The company discloses that its site planning includes not building farms near nature reserves. The company also mentions in its GRI disclosure that the indicator covering operational sites in or near protected areas or areas of high biodiversity does not apply to the company. However, it's not clear the criteria the company uses to determine a location as having a high biodiversity value. The company does not disclose how biodiversity or nature risks drive its water quality assessments.

In the engagement call with FAIRR, the company mentioned that its risk assessment currently includes its own operations. It also mentioned that it purchases all its feed raw materials from trading companies and does not engage with feed suppliers on nutrient pollution issues.

The company does not disclose information. In the dialogue with FAIRR, the company mentioned it purchases all its feed raw materials from trading companies.

The company mentions that China´s announced carbon peak and carbon neutrality goals to reduce climate change risk and impact will bring potential policy and standards compliance risks. As a result, the company discloses different actions to decrease this risk, such as reducing ammonia generation and volatilisation through reduced proteins in the pigs´ diet. However, the company does not disclose the same regulatory risk from a waste and pollution angle.

The company does not disclose information.

The company has adopted anaerobic fermentation technology to dispose of pig manure and treatment of production wastewater. The biogas produced is used for electricity generation and farm operation, the biogas slurry is applied to crop fields, and pig manure and biogas residues are composted and fermented after solid-liquid separation to produce organic fertilisers. The company offers application advice to farmers based on soil sampling to avoid over-application and pollution. The company also does similar testing for the fields surrounding its production sites which third-party surveyors inspect.

The company mentions it conducts a risk assessment throughout all the stages of its projects´ construction: before it has been built and once it has been built. The company does not disclose overall whether it operates in areas of high water stress from a water quality perspective. In the engagement call with FAIRR, the company mentioned that it had not identified any operation located in an area of high risk from a pollution perspective.

The company mentions that it actively promotes crop planting and pig farming. The company explains that it provides integrated manure utilisation and scientific planting services by agronomists to third-party arable farmers that grow fruits such as oranges and apples. The company also mentions that it tests the soil nutrients before manure application and customises schemes for each farm and cropland. The company has refined its feed recipe, reducing protein content to reduce nitrogen emissions in manure. The company discloses that nitrogen emissions have been reduced by 1.5kg per pig but doesn't give a base figure.

The company mentions that it actively promotes crop planting and pig farming. However, the company does not have circular solutions such as collaboration with agrochemical companies to extract and circulate nutrients and programs with feed suppliers.

The company does not disclose information.

The company does not disclose information.

The company provided a timely response to the investor letter. It did not respond to the engagement questions. It met with investors within the engagement period. The company did not provide feedback on FAIRR´s assessment.