NH Foods Ltd

2282:JP JP3743000006
Key Information
HQ:
Japan
Market Cap:
$2.82bn
Primary Market:
Asia



Company Information

Company Summary

The NH Foods Group is a vertically integrated company that raises cattle, hogs and poultry. It maintains 122 farms in Japan and 27 overseas (Australia and Middle East). The fresh meats business accounts for more than 50% of its sales. The company also has a marine and dairy products division.
NH Foods

Revenue

Total revenue:

$10.5bn

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
YesYesYes

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

26/100
High Risk



Greenhouse Gas Emissions

46/100

Scope 1, 2 & 3 Target
24/100
Type of Target
0/3
Strength of Target - Non-SBT
1.19/2
Source(s): Meat Business Webpage; NH Foods CDP Climate 2022, page 3, 25, 26, 27, 40, 44; Non-Financial Data 2022, page 17; Sustainability Report 2022, page 2; Vertical Integration System Webpage

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): Co-creation through industry-government-academia collaboration Webpage; Sustainability Report 2022, page 4

Quality of GHG Inventory
79/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
1.45/1.5
Source(s): 2022 Environment Report, page 3, 10; NH Foods CDP Climate 2022, page 3, 38, 39, 40, 44; Non-Financial Data 2022, page 17, 18

Emissions Performance
50/100
Overall Emission Performance
2.5/5
Source(s): NH Foods CDP Climate 2022, page 3, 38, 39, 40, 44; Non-Financial Data 2022, page 17

Climate-related Scenario Analysis
60/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
1.98/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Information Disclosure Based on the TCFD Framework 2022, page 5, 6; Information Disclosure Based on the TCFD Framework FY2022.pdf, page 7, 8; NH Foods CDP Climate 2022, page 19



Deforestation & Biodiversity

8/100

Deforestation/Conversion-free Target - Soy for Animal Feed
5/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0.25/1.25
Source(s): CDP Forest 2022; NH Foods CDP Forest 2022, page 7

Deforestation/Conversion-free Target - Cattle
5/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0.25/1.25
Source(s): CDP Forest 2022, page 24; CDP Forests, page 27; NH Foods CDP Forest 2022; Sustainability Report 2022, page 10

Engagement, Monitoring & Traceability - Soy for Animal Feed
0/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0/0.5
Source(s): NH Foods CDP Forest 2022, page 3

Engagement, Monitoring & Traceability - Cattle
20/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
1/3.5
Feed Innovation
0/0.25
Source(s): CDP Forests, page 34; CDP Forests 2022, page 15, 16; NH Foods CDP Forest 2022, page 34, 67



Water Use & Scarcity

25/100

Water Use & Scarcity in Facilities
66/100
Monitoring Water Consumption & Withdrawals
0.52/0.75
Target to Reduce Water Consumption & Withdrawals
0.48/1
Disclosure & Performance of Water Risks in Facilities
2.31/3.25
Source(s): CDP Water 2022, page 12; NH Food Climate Water 2022, page 42, 71; Non-Financial Data 2022, page 21; Responsible Water Usage Webpage

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):

Water Use & Scarcity in Animal Farming
10/100
Supplier Engagement in Water Use in Animal Farming
0.5/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Animal Welfare Initiative Webpage; CDP Water 2022, page 14, 15



Waste & Pollution

14/100

Wastewater at Facilities
33/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.57/1.5
Transparency on Water Pollution Risks
0.7/2
Performance on Wastewater Quality & Volume Discharged
0.38/1.5
Source(s): Medium-to-Long Term Target Webpage; NH Food Climate Water 2022, page 3, 28, 42; Non-Financial Data 2022, page 24; Sustainability Report 2022, page 24; Third-Party Verification 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): Manure Management

Manure Management in Animal Farming
10/100
Disclosure of Pollution Risks from Manure
0.5/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Manure Management Webpage



Antibiotics

0/100

Policy on Antibiotics Use
0/100
Policy on Antibiotics Use
0/5
Source(s):

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



Animal Welfare

18/100

Animal Welfare Policy
39/100
Welfare Policy
1.25/2
Key Welfare Issues
0.7/3
Source(s): Animal Welfare Code of Conduct 2022, page 1, 2; Animal Welfare Initiative Webpage; Sustainability Report 2022, page 10, 12

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
15/100
Performance on Key Material Welfare Risks by Protein
0.77/5
Source(s): Animal Welfare Initiative Webpage; Sustainability Report 2022, page 10



Working Conditions

39/100

Human Rights
40/100
Strength of Policy
1/1
Due Diligence Process
1/3
Evidence of Remediation
0/1
Source(s): Human Rights Policy Webpage; Human rights webpage

Fair Working Conditions
47/100
Policy for Direct Operations
1.6/3
Monitoring & Discosure
0.74/2
Source(s): Compliance Initiative Webpage; Human Rights Policy Webpage; Non-Financial Data 2022, page 47; Supplier Monitoring Webpage; Sustainable Procurement Guidelines 2023, page 3

Safety & Turnover Data
18/100
Committee representation of workers
0.65/2
Disclosure of safety and turnover data
0.25/3
Source(s): Creating Healthy Workplaces Webpage; Non-Financial Data 2022, page 38, 42, 45

Freedom of Association
51/100
Strength of Policies
1.4/3
Disclosure of Collective Bargaining Metrics
1.14/2
Source(s): Non-Financial Data 2022, page 38, 41; Sustainable Procurement Guidelines 2023, page 1, 3



Food Safety

15/100

Food Safety System
10/100
Certifications
0.5/3.5
Performance
0/1.5
Source(s): Integrated Report 2022, page 11; Meat Business Webpage; Supply Chain Management Webpage; Sustainability Report 2022, page 36

Product Recalls & Market Bans
20/100
Product Recall Systems
0/3
Performance
1/2
Source(s): Integrated Report 2022, page 32



Sustainability Governance

64/100

Assessment of a Company's Sustainability Governance
64/100
Board Sustainability
1.75/2
Incentives & Policy Engagement
1.2/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Board Leadership Webpage; Integrated Report 2022, page 76, 84; Materiality Webpage; Sustainability Report 2022, page 11, 12, 35, 36, 37, 38, 39



Alternative Proteins

100/100

Diversification of Products to Alternative Protein Sources
100/100
Existing product portfolio
2.5/2.5
Investing for future growth
2.5/2.5
Source(s): Materialities Progress Report (FY2021), page 1; Measuring Progress Webpage; Sustainability Report 2022, page 8, 9, 12

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