Our European Food Processing industry universe covers 24 listed companies with a market capitalisation ranging between €315B to about €160M.
This ESG analysis is a data driven overview of the industry.
The ranking that follows is based on 18 KPIs: each company result is evaluated in comparison with its peers. The resulting score is the sum of positive points added to the best performers by each KPI and negative points subtracted to those companies not disclosing the relevant data.
The highest total Esg Score in the Food Processing Industry is for Orkla followed by Lavazza, Salmar and BioGaia.
The score takes into account the data collected for each indicator as follows:
- Governance – the data collected are: Board Indipendency (independent board members), Board diversity (female board members), CEO remuneration;
- Environment – Energy consumptions, Carbon intensity (Scope 1+2); Carbon intensity (Total Scope);
- Social – Employees data: Turnover rate, Injury rate, Managers diversity and Total diversity.
Furthermore, the score assesses the transparency, valuing the level of disclosure of each esg data.
The breakdown of score is shown in the following table.
Food Processing Esg Score Split
| wdt_ID | Company | Total ESG Ranking | Governance Score (out of 1000) | Environmental Score (out of 1000) | Social Score (out of 1000) |
|---|---|---|---|---|---|
| 1 | ORKLA | 1 | 1.000 | 913 | 783 |
| 2 | LAVAZZA | 2 | 217 | 957 | 391 |
| 3 | SALMAR | 2 | 826 | 957 | 0 |
| 4 | BIOGAIA | 3 | 826 | 609 | 957 |
| 5 | DANONE | 4 | 0 | 696 | 1.000 |
| 6 | ORSERO | 5 | 826 | 696 | 348 |
| 7 | NESTLE | 6 | 696 | 174 | 870 |
| 8 | BONDUELLE | 7 | 217 | 696 | 391 |
| 9 | FERRERO | 7 | 217 | 696 | 391 |
| 10 | MOWI | 8 | 0 | 696 | 391 |
| Company | Total ESG Ranking | Governance Score (out of 1000) | Environmental Score (out of 1000) | Social Score (out of 1000) |
Orkla recorded a very good performance both for transparency and governance achievements.
Lavazza had excellent performance for environmental scores.
Salmar had a good environmental performance.
HelloFresh has good results in limiting carbon emissions and good transparency.
Nestlè, the biggest player by sales, ranks only 7° by total Esg Score.
Companies were classified as “leaders”, those who achieved the best ranking in the industry, or “above average”, those whose ranking is better than the usual level.
A laggard is a company that is underperforming relative to its peers’ ESG indicators.
Esg Leaders and Laggards
| wdt_ID | Leaders | Above the average | Laggards |
|---|---|---|---|
| 1 | Orkla | Danone | Kerry |
| 2 | Lavazza | Orsero | Lotus |
| 3 | Salmar | Bonduelle | Bakkavor |
| 4 | BioGaia | Nestlè | Austevoll Seafood |
| 5 | Ferrero | AAK | |
| 6 | Mowi | ||
| 7 | Newlat | ||
| Leaders | Above the average | Laggards |
For further information about this analysis and the data used, please contact us at: team@ekuota.com
Disclaimer: although the information contained in this document is believed to be correct as at the time of publication (September 2021), no assurance can be given to you that this document is complete or accurate in the light of information that may become available after this publication.