Nissui Corporation

1332:JP JP3718800000
Key Information
HQ:
Japan
Market Cap:
$1.25bn
Primary Markets:
Asia, Europe & Russia, North America



Company Information

Company Summary

Nissui Corporation provides various seafood products in Japan and internationally. The company engages in fishing, aquaculture, and provision of salmon, yellowtail and bluefin tuna, as well as pollock roe products. The company produces fresh seafood, frozen seafood, canned fish, fish oils, fish meal, and other products. Nissui operates cold storage businesses.
Nissui Corporation

Revenue

Total revenue:

$6.2bn

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

39/100
Medium Risk



Greenhouse Gas Emissions

51/100

Scope 1, 2 & 3 Target
25/100
Type of Target
0/3
Strength of Target - Non-SBT
1.25/2
Source(s): Nissui CDP Climate 2022.pdf, page 44; Nissui Sustainability Report 2022.pdf, page 21, 28; The Nissui Group's Businesses 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): Capital participation and business tie-up with Australian start-up company; Nissui CDP Climate 2022.pdf, page 42; Reducing Environmental Impact Webpage; Supplier Guidelines 2023, page 16

Quality of GHG Inventory
70/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
0.5/2
Transparency of GHG Inventory
1.5/1.5
Source(s): ESG Data Book Webpage; Nissui CDP Climate 2022.pdf, page 2, 63, 65, 66, 67, 68, 69, 70, 71, 72, 100; Nissui Sustainability Report 2022.pdf, page 28

Emissions Performance
70/100
Overall Emission Performance
3.5/5
Source(s): ESG Data Book Webpage

Climate-related Scenario Analysis
70/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
2.5/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Security Report (Japanese) EY2022.pdf, page 110; Nissui CDP Climate 2022.pdf, page 16, 38, 43; Nissui Integrated Report 2022.pdf, page 46, 47



Deforestation & Biodiversity

15/100

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): Nissui Sustainability Report 2022.pdf, page 88

Engagement, Monitoring & Traceability - Soy for Animal Feed
2/100
Supplier Engagement
0.1/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0/0.5
Source(s): Nissui Sustainability Report 2022.pdf, page 87, 88; Supplier Guidelines 2023, page 16

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
60/100
Proportion of Farms Certified
3/5
Source(s): Nissui Sustainability Report 2022.pdf, page 35, 36, 88

Feed Ingredients & Conversion Ratios
0/100
Feed Disclosure
0/2
Performance of Feed Metrics
0/3
Source(s): Nissui Sustainability Report 2022.pdf, page 28, 36, 88

Feed Innovation
15/100
Strategy
0.75/2.75
Performance
0/2.25
Source(s): Initiatives for TCFD Recommendations Webpage

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

Ecosystem Impacts
30/100
Escapes
1.5/3.25
Reducing Biodiversity Impacts
0/1.25
Algal Blooms
0/0.5
Source(s): Nissui Sustainability Report 2022.pdf, page 33; Nissui Sustainability Site _the Impact on the Marine Environment



Water Use & Scarcity

13/100

Water Use & Scarcity in Facilities
30/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0.13/1
Disclosure & Performance of Water Risks in Facilities
0.63/3.25
Source(s): ESG Data Book Webpage; Initiatives for TCFD Recommendations Webpage; Nissui Sustainability Report 2022.pdf, page 15, 33, 37, 39

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):

Water Use & Scarcity in Animal Farming
8/100
Supplier Engagement in Water Use in Animal Farming
0.4/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Nissui Sustainability Report 2022.pdf, page 33



Waste & Pollution

13/100

Wastewater at Facilities
38/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.48/1.5
Transparency on Water Pollution Risks
0.5/2
Performance on Wastewater Quality & Volume Discharged
0.9/1.5
Source(s): Comparative Tables (GRI Content Index/SASB); ESG Data Book Webpage; Initiatives for TCFD Recommendations Webpage; Nissui Sustainability Report 2022.pdf, page 122; Sustainability Report 2019, page 56

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): Nissui Sustainability Report 2022.pdf, page 33

Nutrient Management in Aquaculture
0/100
Disclosure of Pollution Risks in Animal Farming Operations
0/3.75
Performance on Pollution Management
0/1.25
Source(s): ESG Data Book Webpage; Nissui Sustainability Report 2022.pdf, page 45



Antibiotics

52/100

Policy on Antibiotics Use
80/100
Policy on Antibiotics Use
4/5
Source(s): Nissui Sustainability Report 2022.pdf, page 26, 34

Disclosure of Quantity of Antibiotics Used
24/100
Disclosure of Quantity of Antibiotics Used
1.19/5
Source(s): Nissui Sustainability Report 2022.pdf, page 34



Animal Welfare

15/100


Aquatic Animal Welfare
21/100
Welfare Policy
1.06/2.5
Reporting on Animal Welfare Metrics
0/2
Reporting on Measures to Improve Welfare
0/0.5
Source(s): Nissui Integrated Report 2022.pdf, page 58; Nissui Sustainability Report 2022.pdf, page 34

Disease Management - All Fish
23/100
Mortality Rates
0.75/3.5
Disease Outbreak
0.4/1.5
Source(s): Innovating Aquaculture: Technology Is the Future of Fisheries Webpage; Nissui Sustainability Report 2022.pdf, page 32, 33, 34

Disease Management - Shrimp Aquaculture
0/100
Mortality
0/2
Disease Outbreak & Biosecurity
0/3
Source(s):



Working Conditions

68/100

Human Rights
80/100
Strength of Policy
1/1
Due Diligence Process
2/3
Evidence of Remediation
1/1
Source(s): Human Rights Webpage; Nissui Sustainability Report 2022.pdf, page 56, 57; The Nissui Group Human Rights Policy Webpage

Fair Working Conditions
57/100
Policy for Direct Operations
2.1/3
Monitoring & Discosure
0.75/2
Source(s): Compliance Webpage; Nissui Group Basic Procurement Policy Webpage; Nissui Sustainability Report 2022.pdf, page 26, 56, 57, 58, 70, 72, 79, 87, 112; Supplier Guidelines 2023, page 6, 7, 12; The Nissui Group Human Rights Policy Webpage

Safety & Turnover Data
63/100
Committee representation of workers
0.65/2
Disclosure of safety and turnover data
2.5/3
Source(s): Nissui Sustainability Report 2022.pdf, page 3, 77, 79; Status of Incidents of Work-related Accidents Webpage

Freedom of Association
70/100
Strength of Policies
2.5/3
Disclosure of Collective Bargaining Metrics
1/2
Source(s): Labour Safety; Nissui Sustainability Report 2022.pdf, page 3, 80, 124; Supplier Guidelines 2023, page 9, 12



Food Safety

40/100

Food Safety System
45/100
Certifications
1.75/3.5
Performance
0.5/1.5
Source(s): Nissui Sustainability Report 2022.pdf, page 59, 60, 67

Product Recalls & Market Bans
35/100
Product Recall Systems
0.75/3
Performance
1/2
Source(s): Quality Assurance Code Webpage



Sustainability Governance

84/100

Assessment of a Company's Sustainability Governance
84/100
Board Sustainability
1.75/2
Incentives & Policy Engagement
1.93/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Corporate Governance Webpage; Determination of Key Issues Webpage; External Recognition Webpage; Nissui CDP Climate 2022.pdf, page 111; Nissui Integrated Report 2022.pdf, page 34, 75; Nissui Sustainability Report 2022.pdf, page 13, 31; Policy and Promotion Framework Webpage; Promotion Framework - The Occupational Safety and Health Subcommittee Webpage; Research and the Development Divisions Webpage; Support for SeaBOS Webpage; Sustainability Promotion System Webpage



Alternative Proteins

70/100

Diversification of Products to Alternative Protein Sources
70/100
Existing product portfolio
1.5/2.5
Investing for future growth
2/2.5
Source(s): Cite Marine Plant Based Solutions Webpage; Nissui CDP Climate 2022.pdf, page 29; Nissui Integrated Report 2022.pdf, page 10, 15, 16, 31, 32, 37, 47, 49, 50; Nissui Sustainability Report 2022.pdf, page 66; Vegetable Meat Webpage; Wabio Webpage

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