Want Want China Holdings Ltd

151:HK KYG9431R1039
Key Information
HQ:
China
Market Cap:
$7.72bn
Primary Market:
Asia



Company Information

Company Summary

Want Want China Holdings Ltd. is a partially integrated company involved in the manufacturing, distribution and sale of dairy and other food products. The company's main operations are located in Mainland China and it also exports its products to other markets, including North America, East Asia, South East Asia and Europe. As of 31 March 2023, the company had 422 sales offices, 35 production bases and 81 factories in Mainland China.
Want Want

Revenue

Total revenue:

$3.8bn

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
YesNoYes

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

24/100
High Risk



Greenhouse Gas Emissions

35/100

Scope 1, 2 & 3 Target
24/100
Type of Target
0/3
Strength of Target - Non-SBT
1.19/2
Source(s): Want Want Annual Report 2022.pdf, page 6; Want Want ESG Report 2022.pdf, page 3, 89

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): Want Want ESG Report 2022.pdf

Quality of GHG Inventory
39/100
Quality and scope of GHG inventory Completeness
1.19/1.5
Feed & Animal Farming Emissions
0/2
Transparency of GHG Inventory
0.75/1.5
Source(s): 2022 Greenhouse Gas Emission Verification Report.pdf; CDP Website; Want Want ESG Report 2022.pdf

Emissions Performance
70/100
Overall Emission Performance
3.5/5
Source(s): Want Want ESG Report 2022.pdf, page 93

Climate-related Scenario Analysis
40/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
1/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Want Want ESG Report 2022.pdf, page 73, 77, 80, 83



Deforestation & Biodiversity

0/100

Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Want Want ESG Report 2022.pdf, page 48

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): Want Want ESG Report 2022.pdf, page 49, 108



Water Use & Scarcity

31/100

Water Use & Scarcity in Facilities
83/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0.5/1
Disclosure & Performance of Water Risks in Facilities
2.88/3.25
Source(s): Want Want CDP Water 2022.pdf, page 2, 3, 10, 11, 14, 15, 37, 55, 59, 80, 95, 96, 100, 101, 105; Want Want ESG Report 2021.pdf, page 4; Want Want ESG Report 2022.pdf, page 9, 50, 95, 97, 98

Water Use & Scarcity in Feed Farming
9/100
Supplier Engagement in Water Use in Feed Farming
0.45/2.5
Disclosure of Water Risks in Feed Farming
0/2.5
Source(s): Want Want CDP Water 2022.pdf, page 6, 25, 84; Want Want ESG Report 2022.pdf

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

15/100

Wastewater at Facilities
40/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0/1.5
Transparency on Water Pollution Risks
1/2
Performance on Wastewater Quality & Volume Discharged
1/1.5
Source(s): Want Want CDP Water 2022.pdf, page 2; Want Want ESG Report 2022.pdf, page 3, 99, 100, 106

Nutrient Management in Feed Farming
4/100
Supplier Engagement in Nutrient Pollution Risks
0.18/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s): Want Want ESG Report 2022.pdf, page 99, 108

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): Want Want ESG Report 2022.pdf, page 106



Antibiotics

0/100

Policy on Antibiotics Use
0/100
Policy on Antibiotics Use
0/5
Source(s):

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

31/100

Human Rights
10/100
Strength of Policy
0.5/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Want Want ESG Report 2022.pdf, page 3, 10, 115

Fair Working Conditions
25/100
Policy for Direct Operations
0.76/3
Monitoring & Discosure
0.48/2
Source(s): Want Want ESG Report 2022.pdf, page 3, 28, 111, 112, 115

Safety & Turnover Data
46/100
Committee representation of workers
0.4/2
Disclosure of safety and turnover data
1.9/3
Source(s): Want Want ESG Report 2021.pdf, page 2, 102, 103; Want Want ESG Report 2022.pdf, page 3, 10, 69, 123, 130, 135, 136

Freedom of Association
43/100
Strength of Policies
0.95/3
Disclosure of Collective Bargaining Metrics
1.2/2
Source(s): Want Want ESG Report 2022.pdf, page 3, 114



Food Safety

60/100

Food Safety System
55/100
Certifications
1.75/3.5
Performance
1/1.5
Source(s): Want Want Annual Report 2022.pdf, page 86; Want Want ESG Report 2022.pdf, page 6, 33, 37, 38, 39, 43, 44, 45, 46, 47, 62

Product Recalls & Market Bans
65/100
Product Recall Systems
2.75/3
Performance
0.5/2
Source(s): Want Want ESG Report 2022.pdf, page 62



Sustainability Governance

48/100

Assessment of a Company's Sustainability Governance
48/100
Board Sustainability
1.38/2
Incentives & Policy Engagement
0.75/2.5
Innovation & Benchmarking
0.25/0.5
Source(s): Executives; Want Want ESG Report 2022.pdf, page 4, 5, 6, 21, 22, 24, 25, 32, 50, 54, 66, 67, 69, 99



Alternative Proteins

25/100

Diversification of Products to Alternative Protein Sources
25/100
Existing product portfolio
0.25/2.5
Investing for future growth
1/2.5
Source(s): Want Want ESG Report 2022.pdf, page 53, 54, 57

Members-only supplement

If you would like to view the Analysis Breakdown, sign up to become an investor member or log in to the FAIRR network.