Tyson Foods Inc

TSN:US US9024941034
Key Information
HQ:
United States
Market Cap:
$21.09bn
Primary Market:
North America



Company Information

Company Summary

Tyson Foods is one of the world's largest food companies. It operates in four reportable segments: beef, pork, chicken and prepared foods. 'Other' primarily incudes its foreign chicken production operations in China and India, third-party merger and integration costs and corporate overhead related to Tyson New Ventures, LLC. It operates a fully vertically integrated chicken production process. Its integrated operations consist of breeding stock, contract growers, feed production, processing, further processing, marketing and transportation of chicken and related products, including animal and pet food ingredients. It also processes live fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork and fully cooked meats.
Tyson Foods

Revenue

Total revenue:

$47.0bn

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
2°CTargets Set2018

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

34/100

Scope 1, 2 & 3 Target
25/100
Type of Target
0/0.5
Strength of Target - SBT
1.25/4.5
Source(s): CDP Climate Change 2022, page 14; Webpage - SBTi

Innovation on GHG Emission Reduction
40/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
1/2
Animal Farming Innovation
0/2
Source(s): CDP Climate Change 2022, page 7, 48; Webpage - Land Stewardship

Quality of GHG Inventory
39/100
Quality and scope of GHG inventory Completeness
1.43/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
0.5/1.5
Source(s): CDP Climate Change 2022, page 1, 19, 20; Tyson CDP; Tyson Food CDP Climate Change 2022.pdf, page 26; Tyson Food Sustainability Report 2023, page 48

Emissions Performance
50/100
Overall Emission Performance
2.5/5
Source(s): CDP Climate Change 2022, page 1, 19, 20; Tyson 2022 ESG Report, page 47; Tyson 2023 CDP Climate, page 22, 23

Climate-related Scenario Analysis
15/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.75/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): CDP Climate Change 2022, page 7, 10; Form 10-K 2022



Deforestation & Biodiversity

58/100

Deforestation/Conversion-free Target - Soy for Animal Feed
73/100
Risk Assessment to Identify High-risk Locations
0.25/0.5
Strength of Deforestation Commitment
0.9/2
Regional & Operational Coverage of Commitment
1.25/1.25
Transparency - Progress Against Commitment
1.25/1.25
Source(s): CDP Forests 2022, page 1, 2, 4, 5, 6, 8, 9, 27, 30, 33, 34; Forest Protection Standard 2021, page 1

Deforestation/Conversion-free Target - Cattle
72/100
Risk Assessment to Identify High-risk Locations
0.5/0.5
Strength of Deforestation Commitment
1.6/2
Regional & Operational Coverage of Commitment
0.75/1.25
Transparency - Progress Against Commitment
0.75/1.25
Source(s): CDP Forests 2022, page 1, 6, 7, 14, 16, 18, 27, 33; Forest Protection Standard 2021

Engagement, Monitoring & Traceability - Soy for Animal Feed
55/100
Supplier Engagement
0.19/1.25
Compliance monitoring & Traceability
2.31/3.25
Feed Innovation
0.25/0.5
Source(s): CDP Forests 2022, page 26, 32, 40; Forest Protection Standard 2021, page 2, 3; Ingredient Sourcing Webpage; Land Stewardship Webpage

Engagement, Monitoring & Traceability - Cattle
33/100
Supplier Engagement
0.25/1.25
Compliance monitoring & Traceability
1.25/3.5
Feed Innovation
0.13/0.25
Source(s): CDP Forests 2022, page 19, 32; Forest Protection Standard 2021, page 2; Land Stewardship Webpage



Water Use & Scarcity

29/100

Water Use & Scarcity in Facilities
46/100
Monitoring Water Consumption & Withdrawals
0.6/0.75
Target to Reduce Water Consumption & Withdrawals
0.4/1
Disclosure & Performance of Water Risks in Facilities
1.3/3.25
Source(s): CDP Water Security 2022, page 1, 2, 3, 5, 8, 10, 18, 19, 20, 21, 22, 23, 25, 26, 27, 28, 33, 34; Tyson CDP Water Security 2021.pdf, page 7; Water Webpage

Water Use & Scarcity in Feed Farming
12/100
Supplier Engagement in Water Use in Feed Farming
0.6/2.5
Disclosure of Water Risks in Feed Farming
0/2.5
Source(s): CDP Water Security 2022, page 2, 4; Sustainability Report 2021, page 27; Water Position Statement, page 1; Water Position Statement 2021, page 2; Water Webpage

Water Use & Scarcity in Animal Farming
29/100
Supplier Engagement in Water Use in Animal Farming
0.63/3
Disclosure of Water Risks in Animal Farming
0.8/2
Source(s): CDP Water Security 2022, page 4, 6; Sustainability Report 2021, page 26; Water Position Statement 2021; Water Webpage



Waste & Pollution

28/100

Wastewater at Facilities
38/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.68/1.5
Transparency on Water Pollution Risks
0.71/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): CDP Water Security 2022, page 1, 3, 7, 9, 35; Material Resources Webpage; Tyson CDP Water Security 2021.pdf, page 7

Nutrient Management in Feed Farming
29/100
Supplier Engagement in Nutrient Pollution Risks
1.45/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s): CDP Forests 2022, page 43; Land Stewardship Webpage; Water Position Statement, page 2

Manure Management in Animal Farming
17/100
Disclosure of Pollution Risks from Manure
0.59/1.25
Supplier Engagement in Manure Management
0.28/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): CDP Water Security 2022, page 8; Energy & Emissions Webpage; Land Stewardship Webpage; Water Position Statement 2021, page 1



Antibiotics

45/100

Policy on Antibiotics Use
90/100
Policy on Antibiotics Use
4.5/5
Source(s): Animal Welfare Continuous Improvement Webpage; Animal Welfare in the Value Chain Webpage; Position Statement on Antibiotic Stewardship 2023, page 1, 2

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



Animal Welfare

33/100

Animal Welfare Policy
57/100
Welfare Policy
1.75/2
Key Welfare Issues
1.1/3
Source(s): Animal Welfare Continuous Improvement Website; Animal Welfare Monitoring Website; Animal Welfare Research Website; Animal Welfare Statement 2023, page 1; Animal Welfare Team Website; Animal Welfare Training Policy 2023, page 1; Animal Welfare in the Value Chain Website; Integrating the Five Domains Animal Welfare Framework Website; Supplier Code of Conduct 2021, page 3; Zero Tolerance Policy 2023, page 2

Assurance & Certification
10/100
Auditing & Assurance by an Animal Welfare Organisation
0.5/4
Public Reporting on Welfare
0/1
Source(s): Animal Welfare Monitoring Website; ESG Data Center 2021, page 2

Performance on Key Material Risks
31/100
Performance on Key Material Welfare Risks by Protein
1.56/5
Source(s): Animal Welfare Continuous Improvement Website; Animal Welfare in the Value Chain Website



Working Conditions

50/100

Human Rights
35/100
Strength of Policy
1/1
Due Diligence Process
0.5/3
Evidence of Remediation
0.25/1
Source(s): Ethics and Compliance Webpage; Global Human Rights & Modern Slavery Statement 2022, page 2, 3, 6, 7, 8; Human Rights Due Diligence 2021, page 1, 2

Fair Working Conditions
75/100
Policy for Direct Operations
2.08/3
Monitoring & Discosure
1.69/2
Source(s): Code of Conduct 2022, page 9, 15; Compensation & Benefits Webpage; Ethics and Compliance Webpage; Global Human Rights & Modern Slavery Statement 2022, page 6, 7; Supplier Code of Conduct 2021, page 3; Team Member Promise 2018, page 1; Tell Tyson First Platform; Tyson 2022 ESG Report, page 20, 53; Tyson Foods Strengthens Benefits for Frontline Workers - webpage; Whistleblower Policy 2018, page 1, 2

Safety & Turnover Data
34/100
Committee representation of workers
0.48/2
Disclosure of safety and turnover data
1.2/3
Source(s): Form 10-K 2022, page 6; Health & Safety Webpage; Sustainability Report 2021, page 33; Tyson 2022 ESG Report, page 52

Freedom of Association
55/100
Strength of Policies
1.5/3
Disclosure of Collective Bargaining Metrics
1.24/2
Source(s): Form 10-K 2022, page 6; Global Human Rights & Modern Slavery Statement 2022, page 5; Supplier Code of Conduct 2021, page 1; Team Member Promise 2018; Tyson 2022 ESG Report, page 52



Food Safety

63/100

Food Safety System
70/100
Certifications
3.25/3.5
Performance
0.25/1.5
Source(s): Audit Results for Beef 2023, page 1; Audit Results for Poultry 2023, page 1; Audit Results for the Fresh Pork Group 2023, page 1; Beef HACCP 2023 (2); Beef HACCP Guarantee; Certifications and Programs Webpage; Food Safety & Audits Webpage; HACCP Letter 2023, page 2; Ingredient Sourcing Webpage; Pork HACCP 2023; SQF Certification 2022; Tyson 2022 ESG Report, page 30

Product Recalls & Market Bans
55/100
Product Recall Systems
2.25/3
Performance
0.5/2
Source(s): Food Safety & Audits Webpage; Form 10-K 2022, page 15; Tyson 2022 ESG Report, page 30



Sustainability Governance

59/100

Assessment of a Company's Sustainability Governance
59/100
Board Sustainability
0.88/2
Incentives & Policy Engagement
1.55/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Animal Welfare Approach; Animal Welfare Continuous Improvement Webpage; Board Committees; Corporate Governance Principles Webpage; Form 10-K 2022, page 2, 4; Governance and Nominating Committee Charter 2022, page 1, 2, 3, 4; Ingredient Sourcing Webpage; Leadership team- Doug Kulka; Materiality & Reporting Webpage; Proxy Statement 2023, page 9; Tyson Ventures Webpage



Alternative Proteins

55/100

Diversification of Products to Alternative Protein Sources
55/100
Existing product portfolio
0.25/2.5
Investing for future growth
2.5/2.5
Source(s): Innovation Webpage; New Plant-Based Products, First Pride Webpage; New Raised & Rooted Plant Based Bites Webpage; Raised & Rooted Products Webpage; Raised & Rooted‚Ñ¢ Brand Launches New Products Bringing Delicious Plant-Based Options to Grills This Summer Webpage; Tyson Foodservice - Alternative Protein Products Webpage

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Working Conditions Engagement

Analysis Overview

WC-Radar
Grievance Mechanisms Economic Incentives Distribution by Contract Type Oversight of Governance Structure Support Worker Representation Engage Workers on Industry Trends

Analysis Breakdown




Health & Safety

Partial glyph / arrow / up
Grievance Mechanisms - Availability & Access
Good glyph / arrow / Same
Grievance Mechanisms - Effectiveness & Evaluation
Did Not Find glyph / arrow / Same
Grievance Mechanisms - Categories & Reporting
Good glyph / arrow / Same
Grievance Mechanisms - Channels for H&S and Worker Rights
Good glyph / arrow / up
Grievance Mechanisms - Resolution Process
Partial glyph / arrow / up
Economic Incentives - Sick Pay Entitlement
Partial glyph / arrow / Same
Economic Incentives - Other Economic Incentives
Did Not Find glyph / arrow / Same



Fair Working Conditions

Partial glyph / arrow / Same
Distribution by Contract Type
Partial glyph / arrow / Same
Oversight of Governance Structure
Low glyph / arrow / Same



Worker Representation

Low glyph / arrow / up
Support Worker Representation - Internal & External Structures
Low glyph / arrow / Same
Support Worker Representation - Restrictions Under Law
Did Not Find glyph / arrow / Same
Support Worker Representation - Operations in China
N/A
Support Worker Representation - Collective Bargaining
Partial glyph / arrow / Same
Engage Workers on Industry Trends - Impact assessment on Employees
Low glyph / arrow / Same
Engage Workers on Industry Trends - Workforce Engagement
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Engage Workers on Industry Trends - Just Transition
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Waste & Pollution Engagement

Analysis Overview

Waste-Pollution-Radar
Risk Assessment Value Chain Coverage Risk Mitigation Circularity Company Engagement

Analysis Breakdown




Risk Assessment

Poor
Coverage of water quality risk assessment
Transparency and disclosure of water quality indicators
Recognition of nutrient pollution risk on biodiversity



Value Chain Coverage

Poor
Inclusion of upstream feed and livestock suppliers in risk assessment
Downstream use of manure by animal feed suppliers
Acknowledgment of regulatory risks
Transparency on non-compliance from suppliers



Risk Mitigation

Medium
Biogas generation and organic fertilisers from animal waste
Target-setting for water quality
Support to third-party suppliers



Circularity

Poor
Pilot projects around nutrient circularity
Disclosure of investment in circular solutions
Targets to increase share of manure under circular initiatives



Company Engagement

Poor
Level of company engagement with the coalition

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