Saputo Inc

SAP:CN CA8029121057
Key Information
HQ:
Canada
Market Cap:
$11.3bn
Primary Markets:
Oceania, North America



Company Information

Company Summary

Saputo Inc is a Canadian dairy company and is one of the top 10 largest dairy processors in the world. It produces, markets and distributes a wide range of dairy products including cheese, milk, cream products, and cultured products. It is the top dairy processor in Australia and the second largest in Argentina. In the US, it is one of the top three cheese producers. In addition to its dairy portfolio, Saputo produces, markets, and distributes a range of dairy alternative cheeses and beverages.
Saputo Inc

Revenue

Total revenue:

$12.0bn

Revenue by Geography

Revenue by Segment

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

37/100
Medium Risk



Greenhouse Gas Emissions

28/100

Scope 1, 2 & 3 Target
25/100
Type of Target
0/3
Strength of Target - Non-SBT
1.25/2
Source(s): Annual Promise Report 2022, page 27; Saputo Inc CDP Climate Change 2022, page 54

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): 22-065-SAP-EN-Saputo-Sustainable_Agriculture_Policy_FINAL (1).pdf

Quality of GHG Inventory
55/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
0.5/2
Transparency of GHG Inventory
0.75/1.5
Source(s): 2023 SAPUTO Promise Report.pdf, page 35; EY Limited Assurance Report 2022, page 4; Saputo Inc CDP Climate Change 2022, page 80, 99

Emissions Performance
5/100
Overall Emission Performance
0.25/5
Source(s): Annual Promise Report 2023

Climate-related Scenario Analysis
55/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
1.75/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): 2023 SAPUTO Promise Report.pdf, page 33; Annual Promise Report 2022, page 25, 26; Saputo Inc CDP Climate Change 2022, page 22, 24, 43, 44, 122



Deforestation & Biodiversity

49/100

Deforestation/Conversion-free Target - Soy for Animal Feed
60/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
2/2
Regional & Operational Coverage of Commitment
0.75/1.25
Transparency - Progress Against Commitment
0.25/1.25
Source(s): 22-065-SAP-EN-Saputo-Sustainable_Agriculture_Policy_FINAL (1).pdf, page 2; Responsible Sourcing - Soy Webpage; Saputo Inc CDP Forest 2022, page 2, 3, 14; Sustainable Agriculture Policy 2023, page 2, 4

Engagement, Monitoring & Traceability - Soy for Animal Feed
39/100
Supplier Engagement
0.18/1.25
Compliance monitoring & Traceability
1.75/3.25
Feed Innovation
0/0.5
Source(s): Environmental Policy 2021, page 1; Supplier Code of Conduct 2020, page 3; Supply Chain Pledges Webpage; Sustainable Agriculture Policy 2023, page 2, 3



Water Use & Scarcity

31/100

Water Use & Scarcity in Facilities
74/100
Monitoring Water Consumption & Withdrawals
0.55/0.75
Target to Reduce Water Consumption & Withdrawals
0.5/1
Disclosure & Performance of Water Risks in Facilities
2.63/3.25
Source(s): 2023-03-31 Saputo Inc Independent Pratitionner's report ESG.pdf; Annual Promise Report 2022, page 28, 29; FY2023_Saputo Promise Report_ENG.pdf, page 36; Saputo CDP water 2021.pdf, page 29; Saputo Inc CDP Water 2022, page 9, 11, 20, 21, 25, 37, 38

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): Saputo Inc CDP Water 2022, page 11, 16, 17; Sustainable Agriculture Policy 2023, page 4

Water Use & Scarcity in Animal Farming
20/100
Supplier Engagement in Water Use in Animal Farming
1/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Saputo Inc CDP Water 2022, page 10, 16, 17, 26; Sustainable Agriculture Policy 2023, page 4



Waste & Pollution

17/100

Wastewater at Facilities
47/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.75/1.5
Transparency on Water Pollution Risks
0.75/2
Performance on Wastewater Quality & Volume Discharged
0.85/1.5
Source(s): Annual Promise Report 2022, page 30; FY2023_Saputo Promise Report_ENG.pdf, page 22, 36; Saputo CDP water 2021.pdf, page 7; Saputo Inc CDP Water 2022, page 8, 9, 20, 21, 42, 43

Nutrient Management in Feed Farming
5/100
Supplier Engagement in Nutrient Pollution Risks
0.25/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s): SUPPLY CHAIN PLEDGES; Saputo Inc CDP Water 2022, page 16, 17; Sustainable Agriculture Policy 2023, page 4

Manure Management in Animal Farming
0/100
Disclosure of Pollution Risks from Manure
0/1.25
Supplier Engagement in Manure Management
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): Annual Promise Report 2022, page 30; Saputo Inc CDP Water 2022, page 21; Sustainable Agriculture Policy 2023, page 4



Antibiotics

13/100

Policy on Antibiotics Use
25/100
Policy on Antibiotics Use
1.25/5
Source(s): Animal Welfare Issue Position Paper 2021, page 1, 3, 4

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



Animal Welfare

22/100

Animal Welfare Policy
67/100
Welfare Policy
1.75/2
Key Welfare Issues
1.6/3
Source(s): Animal Welfare Issue Position Paper 2021, page 3; Animal Welfare Policy 2020, page 1, 2; Annual Promise Report 2022, page 23

Assurance & Certification
0/100
Auditing & Assurance by an Animal Welfare Organisation
0/4
Public Reporting on Welfare
0/1
Source(s): Animal Welfare Policy 2020, page 2

Performance on Key Material Risks
0/100
Performance on Key Material Welfare Risks by Protein
0/5
Source(s): Animal Welfare Policy 2020, page 3



Working Conditions

60/100

Human Rights
65/100
Strength of Policy
0.5/1
Due Diligence Process
2.5/3
Evidence of Remediation
0.25/1
Source(s): Code of Ethics 2021, page 8, 20; SDA_Modern_Slavery_Statement_2022 FINAL.pdf, page 7, 8, 9, 14

Fair Working Conditions
50/100
Policy for Direct Operations
1.6/3
Monitoring & Discosure
0.9/2
Source(s): Code of Ethics 2021, page 6, 7, 19, 24; Saputo Dairy UK Whistleblowing Policy, page 3, 6; Supplier Code of Conduct 2020, page 1, 2, 3

Safety & Turnover Data
65/100
Committee representation of workers
0.5/2
Disclosure of safety and turnover data
2.75/3
Source(s): Annual Promise Report 2022, page 8, 11, 36; Health Safety Policy 2022, page 1

Freedom of Association
60/100
Strength of Policies
2/3
Disclosure of Collective Bargaining Metrics
1/2
Source(s): Annual Promise Report 2022, page 36; Code of Ethics 2021, page 8; Supplier Code of Conduct 2020, page 1, 2



Food Safety

51/100

Food Safety System
70/100
Certifications
3/3.5
Performance
0.5/1.5
Source(s): 2023 SAPUTO Promise Report.pdf, page 8, 24; Annual Promise Report 2022, page 8, 12

Product Recalls & Market Bans
33/100
Product Recall Systems
1.13/3
Performance
0.5/2
Source(s): 2023 SAPUTO Promise Report.pdf, page 4, 7, 8



Sustainability Governance

66/100

Assessment of a Company's Sustainability Governance
66/100
Board Sustainability
1.63/2
Incentives & Policy Engagement
1.65/2.5
Innovation & Benchmarking
0/0.5
Source(s): Annual Promise Report 2022, page 5, 8, 23, 24, 31; Management Information Circular , page 19; Saputo Inc CDP Climate Change 2022, page 15



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): 2023 SAPUTO Promise Report.pdf, page 4; Annual Report 2023, page 9, 13, 15, 16, 90; SAP_EN-Corporate Presentation_June 8_23_v1.pdf, page 5

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