RCL Foods Ltd/South Africa

RCL:SJ ZAE000179438
Key Information
HQ:
South Africa
Market Cap:
$0.57bn
Primary Market:
Africa



Company Information

Company Summary

RCL is a leading African food producer based in South Africa. Its consumer division produces a wide range of quality culinary, pet food and beverage products through its five business units: chicken, grocery, pies, beverages and speciality. It also has an animal feed business. Two-fifths of its chickens are supplied by contract growers, but it owns over 180 chicken hatcheries and farms.
RCL-Foods

Revenue

Total revenue:

$2.1bn

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

20/100
High Risk



Greenhouse Gas Emissions

29/100

Scope 1, 2 & 3 Target
20/100
Type of Target
0/3
Strength of Target - Non-SBT
1/2
Source(s): RCL Foods CDP Climate 2022, page 31, 32, 33, 34

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): RCL Foods CDP Climate 2022, page 26, 37, 66, 67

Quality of GHG Inventory
55/100
Quality and scope of GHG inventory Completeness
1.25/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
1.5/1.5
Source(s): RCL Foods CDP Climate 2022, page 2, 3, 43; Sustainable Business Report 2022, page 36, 58

Emissions Performance
50/100
Overall Emission Performance
2.5/5
Source(s): RCL Foods CDP Climate 2022, page 43; Sustainable Business Report 2022, page 36, 69

Climate-related Scenario Analysis
20/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
1/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Integrated Annual Report 2022, page 57; RCL Foods CDP Climate 2022, page 12, 14, 15, 16, 17; Sustainable Business Report 2022, page 43



Deforestation & Biodiversity

18/100

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): 2022 CDP Forest, page 3, 5, 7, 13, 14, 31

Engagement, Monitoring & Traceability - Soy for Animal Feed
30/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
1.5/3.25
Feed Innovation
0/0.5
Source(s): 2022 CDP Forest, page 13, 15, 29, 30, 31, 32



Water Use & Scarcity

25/100

Water Use & Scarcity in Facilities
65/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0.5/1
Disclosure & Performance of Water Risks in Facilities
2/3.25
Source(s): 2022 CDP Forest, page 68, 69; 2022 CDP Water, page 3, 9, 10, 26, 27, 28, 30, 31, 32, 45, 46, 55, 56, 65; Sustainable Business Report 2022, page 47, 48, 49, 69

Water Use & Scarcity in Feed Farming
10/100
Supplier Engagement in Water Use in Feed Farming
0/2.5
Disclosure of Water Risks in Feed Farming
0.5/2.5
Source(s): 2022 CDP Water, page 3, 11, 58; Sustainable Business Report 2022

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):



Waste & Pollution

20/100

Wastewater at Facilities
53/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
1.75/2
Performance on Wastewater Quality & Volume Discharged
0.4/1.5
Source(s): 2022 CDP Water, page 3, 20, 21, 56; Every step to reduce carbon emissions counts – and we are taking a giant one in Rustenburg.; Sustainable Business Report 2022, page 44, 69

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 in Animal Farming
8/100
Disclosure of Pollution Risks from Manure
0.38/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Sustainable Business Report 2022, page 44



Antibiotics

10/100

Policy on Antibiotics Use
20/100
Policy on Antibiotics Use
1/5
Source(s): Integrated Annual Report 2022, page 51

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):

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):



Working Conditions

25/100

Human Rights
0/100
Strength of Policy
0/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Sustainable Business Report 2022, page 66

Fair Working Conditions
39/100
Policy for Direct Operations
0.7/3
Monitoring & Discosure
1.25/2
Source(s): Corporate Governance Report 2022, page 4, 7; EMPLOYMENT EQUITY ('EE') POLICY STATEMENT 2019; Remuneration Report, page 9; Standard Terms and Conditions for the Supply of Goods and Services 2016, page 4; Sustainable Business Report 2022, page 27

Safety & Turnover Data
35/100
Committee representation of workers
0.5/2
Disclosure of safety and turnover data
1.25/3
Source(s): Sustainable Business Report 2022, page 11, 31, 67, 68

Freedom of Association
25/100
Strength of Policies
0/3
Disclosure of Collective Bargaining Metrics
1.25/2
Source(s): Sustainable Business Report 2022, page 31, 45, 67



Food Safety

28/100

Food Safety System
25/100
Certifications
1.25/3.5
Performance
0/1.5
Source(s): Integrated Annual Report 2022, page 29, 31, 38, 46, 55

Product Recalls & Market Bans
30/100
Product Recall Systems
0.5/3
Performance
1/2
Source(s): Integrated Annual Report 2022, page 55



Sustainability Governance

30/100

Assessment of a Company's Sustainability Governance
30/100
Board Sustainability
1.25/2
Incentives & Policy Engagement
0/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Corporate Governance Report 2022, page 14; Integrated Annual Report 2022, page 1, 24, 36, 43, 48, 49, 59, 61, 75; Social and Ethics Committee Charter 2021, page 3, 4; Sustainable Business Report 2022, page 21, 51, 53



Alternative Proteins

50/100

Diversification of Products to Alternative Protein Sources
50/100
Existing product portfolio
0.5/2.5
Investing for future growth
2/2.5
Source(s): A Boost for Plant Based as LIVEKINDLY Collective Africa Gets the Green Light; Integrated Annual Report 2022, page 24; Sustainable Business Report 2022, page 12, 22

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