QL Resources Berhad

QLG:MK MYL7084OO006
Key Information
HQ:
Malaysia
Market Cap:
$3.19bn
Primary Market:
Asia



Company Information

Company Summary

Malaysia-based QL is among Asia's largest egg producers and surimi manufacturers. The group has three principal activities: integrated livestock farming (poultry and egg), marine products manufacturing (deep-sea fishing, fishmeal and aquaculture) and palm oil activities. The Integrated livestock farming segment is involved in the distribution of animal feed raw materials, feed-milling, animal health supplements and related products and livestock farming. It operates in Malaysia, Indonesia, Vietnam and China.
QL Resources

Revenue

Total revenue:

$1.0bn

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

18/100
High Risk



Greenhouse Gas Emissions

25/100

Scope 1, 2 & 3 Target
20/100
Type of Target
0/3
Strength of Target - Non-SBT
1/2
Source(s): Climate Change & Emissions Webpage; Integrated Annual Report 2022, page 4, 12, 34, 43, 82

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):

Quality of GHG Inventory
50/100
Quality and scope of GHG inventory Completeness
1/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
0.5/1.5
Source(s): CDP Webpage; Integrated Annual Report 2022, page 26, 34, 43, 44, 75

Emissions Performance
50/100
Overall Emission Performance
2.5/5
Source(s): Climate Change & Emissions; Integrated Annual Report 2022, page 43, 44; ql_annual report 2022.pdf, page 44

Climate-related Scenario Analysis
5/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.25/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Integrated Annual Report 2022, page 13, 27, 32, 40, 42, 43, 110



Deforestation & Biodiversity

1/100

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): Environmental Policy 2021, page 2; Integrated Annual Report 2022, page 13, 26

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): Integrated Annual Report 2022, page 13

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
0/100
Proportion of Farms Certified
0/5
Source(s): Integrated Annual Report 2022, page 15, 24; Marine Products Webpage

Feed Ingredients & Conversion Ratios
0/100
Feed Disclosure
0/2
Performance of Feed Metrics
0/3
Source(s):

Feed Innovation
0/100
Strategy
0/2.75
Performance
0/2.25
Source(s):

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

Ecosystem Impacts
0/100
Escapes
0/3.25
Reducing Biodiversity Impacts
0/1.25
Algal Blooms
0/0.5
Source(s): Integrated Annual Report 2022, page 50



Water Use & Scarcity

11/100

Water Use & Scarcity in Facilities
26/100
Monitoring Water Consumption & Withdrawals
0.2/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
1.08/3.25
Source(s): Integrated Annual Report 2021, page 12; Integrated Annual Report 2022, page 12, 16, 17, 34, 42, 46

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): Integrated Annual Report 2022, page 26, 27

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): Integrated Annual Report 2022, page 26, 46



Waste & Pollution

8/100

Wastewater at Facilities
22/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0/1.5
Transparency on Water Pollution Risks
0.7/2
Performance on Wastewater Quality & Volume Discharged
0.4/1.5
Source(s): Integrated Annual Report 2021, page 38; Integrated Annual Report 2022, page 34, 47, 48

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 Annual Report 2022, page 20

Manure Management in Animal Farming
8/100
Disclosure of Pollution Risks from Manure
0.4/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Integrated Annual Report 2022, page 34, 48

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):



Antibiotics

10/100

Policy on Antibiotics Use
20/100
Policy on Antibiotics Use
1/5
Source(s): Integrated Annual Report 2022

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 Annual Report 2022, page 40, 56

Assurance & Certification
0/100
Auditing & Assurance by an Animal Welfare Organisation
0/4
Public Reporting on Welfare
0/1
Source(s): Integrated Annual Report 2022, page 21, 40, 56

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):

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



Working Conditions

43/100

Human Rights
30/100
Strength of Policy
1/1
Due Diligence Process
0.5/3
Evidence of Remediation
0/1
Source(s): FILE 1 , page 3; Human Rights and Labor Standards Policy 2021, page 1, 3, 4; Integrated Annual Report 2022, page 51, 56, 57

Fair Working Conditions
52/100
Policy for Direct Operations
1.4/3
Monitoring & Discosure
1.2/2
Source(s): Code of Business Ethics (Suppliers and Business Associates) 2020, page 6; Human Rights and Labor Standards Policy 2021, page 1, 2, 3; Integrated Annual Report 2022, page 34, 56, 72; Whistleblower Policy 2023, page 1, 2, 4

Safety & Turnover Data
61/100
Committee representation of workers
0.5/2
Disclosure of safety and turnover data
2.55/3
Source(s): Integrated Annual Report 2021, page 34, 67; Integrated Annual Report 2022, page 34, 52, 60, 66, 67; Occupational Safety, Health and Environment Policy 2020, page 1

Freedom of Association
28/100
Strength of Policies
1/3
Disclosure of Collective Bargaining Metrics
0.4/2
Source(s): Human Rights and Labor Standards Policy 2021, page 1, 3; Integrated Annual Report 2022, page 59, 74



Food Safety

29/100

Food Safety System
35/100
Certifications
1.75/3.5
Performance
0/1.5
Source(s): Integrated Annual Report 2022, page 15, 24, 25, 28, 30, 54

Product Recalls & Market Bans
23/100
Product Recall Systems
0.13/3
Performance
1/2
Source(s): Integrated Annual Report 2022, page 18



Sustainability Governance

38/100

Assessment of a Company's Sustainability Governance
38/100
Board Sustainability
1.63/2
Incentives & Policy Engagement
0.25/2.5
Innovation & Benchmarking
0/0.5
Source(s): Board of Directors Webpage; Corporate Governance Report 2022, page 2, 3; Environmental Policy 2021, page 2; Integrated Annual Report 2022, page 36, 37, 38, 43



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):

Members-only supplement

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