Scandi Standard AB

SCST:SS SE0005999760
Key Information
HQ:
Sweden
Market Cap:
$0.34bn
Primary Market:
Europe & Russia



Company Information

Company Summary

Scandi Standard is the leading producer of chicken-based food products in the Nordic region and Ireland. The company is also involved in rearing, producing and hatching day-old chicks; processing slaughterhouse byproducts for use in pet food; and packing and selling eggs. In addition to chicken production, the Norwegian operations also include egg sales and turkey as well as duck products.
Scandi Standard

Revenue

Total revenue:

$1.2bn

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
YesYesNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
1.5°CTargets Set2023

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

44/100
Medium Risk



Greenhouse Gas Emissions

53/100

Scope 1, 2 & 3 Target
75/100
Type of Target
0/0
Strength of Target - SBT
3.75/5
Source(s): Annual Report 2022, page 11, 39, 43; Webpage - Science Based Targets

Innovation on GHG Emission Reduction
20/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): Annual Report 2022, page 55, 56, 58; Scandi Environmental Policy.pdf

Quality of GHG Inventory
65/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
0.75/1.5
Source(s): Annual Report 2022, page 43, 60, 141; Scandi Standard CDP Climate 2022

Emissions Performance
70/100
Overall Emission Performance
3.5/5
Source(s): Annual Report 2020, page 45; Annual Report 2022, page 60

Climate-related Scenario Analysis
35/100
Climate-related Scenarios Analysis Conducted
0.5/1
Disclosure of Analysis Results on Material Risks
1.25/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Report 2022, page 61; Scandi Standard CDP Climate 2022, page 10, 11, 14, 15, 20, 63



Deforestation & Biodiversity

74/100

Deforestation/Conversion-free Target - Soy for Animal Feed
85/100
Risk Assessment to Identify High-risk Locations
0.25/0.5
Strength of Deforestation Commitment
1.5/2
Regional & Operational Coverage of Commitment
1.25/1.25
Transparency - Progress Against Commitment
1.25/1.25
Source(s): Annual Report 2022, page 56, 58, 59, 72; Scandi Environmental Policy.pdf, page 2; Scandi Standard AB Forest 2022, page 4, 8, 9, 19, 20; Scandi Standard AB Forest 2022.pdf, page 26, 31

Engagement, Monitoring & Traceability - Soy for Animal Feed
63/100
Supplier Engagement
0.5/1.25
Compliance monitoring & Traceability
2.15/3.25
Feed Innovation
0.5/0.5
Source(s): Annual Report 2022, page 56; Scandi Standard AB Forest 2022, page 23, 26, 29; Supplier Code of Conduct, page 5



Water Use & Scarcity

13/100

Water Use & Scarcity in Facilities
39/100
Monitoring Water Consumption & Withdrawals
0.69/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
1.27/3.25
Source(s): Annual Report 2021, page 45; Annual Report 2022, page 14, 63, 72; Scandi Environmental Policy.pdf, page 5

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): Annual Report 2022, page 63

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): Annual Report, page 63



Waste & Pollution

9/100

Wastewater at Facilities
12/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.1/1.5
Transparency on Water Pollution Risks
0/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): Annual Report, page 63; Annual Report 2022, page 21, 63, 69, 80

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): Annual Report 2022, page 56

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): Annual Report 2022, page 39, 58



Antibiotics

64/100

Policy on Antibiotics Use
87/100
Policy on Antibiotics Use
4.35/5
Source(s): Annual Report 2022, page 34, 57; Antibiotics Policy, page 2, 3; Antibiotics Webpage; scandi-standard-a-holistic-view-on-animal-welfare.pdf

Disclosure of Quantity of Antibiotics Used
40/100
Disclosure of Quantity of Antibiotics Used
2/5
Source(s): Annual Report 2022, page 57



Animal Welfare

35/100

Animal Welfare Policy
64/100
Welfare Policy
1/2
Key Welfare Issues
2.2/3
Source(s): Animal Welfare Policy, page 1; Annual Report 2022, page 15, 32, 34, 35, 55, 57; Webpage - Chicken

Assurance & Certification
20/100
Auditing & Assurance by an Animal Welfare Organisation
0.5/4
Public Reporting on Welfare
0.5/1
Source(s): Annual Report 2022, page 15, 45, 57; Scandi-Standard-Animal-Welfare-Policy.pdf

Performance on Key Material Risks
20/100
Performance on Key Material Welfare Risks by Protein
1/5
Source(s): Annual Report 2022, page 15, 32; Webpage - Chicken



Working Conditions

54/100

Human Rights
50/100
Strength of Policy
1/1
Due Diligence Process
1.5/3
Evidence of Remediation
0/1
Source(s): Annual Report 2022, page 43, 51, 54; Code of Conduct, page 13

Fair Working Conditions
47/100
Policy for Direct Operations
1.6/3
Monitoring & Discosure
0.75/2
Source(s): Annual Report 2022, page 54; Code of Conduct, page 14, 15; Supplier Code of Conduct, page 1, 2, 6

Safety & Turnover Data
58/100
Committee representation of workers
0.4/2
Disclosure of safety and turnover data
2.5/3
Source(s): Annual Report 2021, page 33; Annual Report 2022, page 52, 53; Health & Safety Policy, page 1

Freedom of Association
60/100
Strength of Policies
1.5/3
Disclosure of Collective Bargaining Metrics
1.5/2
Source(s): Annual Report 2022, page 53; Code of Conduct, page 14; Supplier Code of Conduct, page 6



Food Safety

50/100

Food Safety System
40/100
Certifications
2/3.5
Performance
0/1.5
Source(s): Annual Report 2022, page 30, 49

Product Recalls & Market Bans
60/100
Product Recall Systems
2.5/3
Performance
0.5/2
Source(s): Annual Report 2022, page 49, 50; Code of Conduct, page 18



Sustainability Governance

47/100

Assessment of a Company's Sustainability Governance
47/100
Board Sustainability
1.25/2
Incentives & Policy Engagement
1.1/2.5
Innovation & Benchmarking
0/0.5
Source(s): Annual Report 2022, page 46, 47; Scandi Standard CDP Climate 2022, page 8, 68



Alternative Proteins

35/100

Diversification of Products to Alternative Protein Sources
35/100
Existing product portfolio
0.25/2.5
Investing for future growth
1.5/2.5
Source(s): Annual Report 2022, page 18; Scandi Standard CDP Climate 2022, page 22; Veg of Lund partnership plant-based protein; Webpage - Products

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