Seaboard Corporation
SEB:US US8115431079
Key Information
HQ:
United States
Market Cap:
$2.92bn
Primary Markets:
Africa, North America, LATAM
Coller FAIRR Protein Producer Index
Analysis Overview
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
15/100
High Risk
Greenhouse Gas Emissions
0/100
Scope 1, 2 & 3 Target
0/100
Type of Target
The company does not have a science-based emission reduction target.
0/3
Strength of Target - Non-SBT
The company has not disclosed specific targets for reducing Scope 1, Scope 2, or Scope 3 GHG emissions.
0/2
Innovation on GHG Emission Reduction
0/100
Innovation to Reduce Agriculture Emissions
The company does not discuss whether it is working with suppliers to reduce emissions from agriculture.
0/1
Feed Farming Innovation
The company does not engage in innovative projects to reduce or mitigate emissions from feed farming.
0/2
Animal Farming Innovation
The company does not engage in innovative projects to reduce or mitigate emissions from animal farming.
0/2
Quality of GHG Inventory
0/100
Quality and scope of GHG inventory Completeness
The company does not disclose its GHG emissions inventory.
0/1.5
Feed & Animal Farming Emissions
The company does not disclose any information on GHG emissions from animal farming. The company does not disclose any information on GHG emissions from feed production. The company does not disclose any information on GHG emissions from land use change.
0/2
Transparency of GHG Inventory
The company does not disclose to the CDP climate change questionnaire. The company does not disclose whether the GHG inventory data is audited by a third party.
0/1.5
Emissions Performance
0/100
Overall Emission Performance
The company does not disclose any information on its emission performance. The company does not disclose a quantitative decrease in emissions arising from feed, enteric fermentation, or manure management.
0/5
Climate-related Scenario Analysis
0/100
Climate-related Scenarios Analysis Conducted
The company does not disclose information on a climate-related scenario analysis.
0/1
Disclosure of Analysis Results on Material Risks
The company does not provide details on the assessment or mitigation of factors posing a material risk to protein production, including feed availability, heat stress, increased medicine and energy costs, and carbon taxes. Additionally, the company does not disclose the number of financially material events related to climate risk during the reporting period.
0/3
Disclosure of Financial Material Events & Alignment of CAPEX
The company does not disclose its commitment to align capital expenditures with its GHG targets.
0/1
Deforestation & Biodiversity
0/100
Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
The company sources soy for animal feed but does not disclose the percentage of feed ingredients this represents. 100% of soy is not sourced from deforestation-free areas or suppliers. The company has not undertaken a deforestation-related risk assessment to identify high-risk sourcing locations.
0/0.5
Strength of Deforestation Commitment
The company does not disclose having a deforestation/conversion-free target for soy.
0/3.25
Transparency - Progress Against Commitment
The company does not report progress against its commitment. Nor did it respond to the CDP Forest Questionnaire in 2022.
0/1.25
Engagement, Monitoring & Traceability - Soy for Animal Feed
0/100
Supplier Engagement
The company does not disclose any information on how it engages soy suppliers on deforestation and does not provide support to soy producers to encourage deforestation-free production or improve traceability.
0/1.25
Compliance monitoring & Traceability
The company does not disclose how compliance is monitored or what actions are taken if non-compliance occurs. Furthermore, the company does not disclose the level of traceability in its soy supply chain.
0/3.25
Feed Innovation
The company does not discuss innovations or practices to move towards sustainable feed sources.
0/0.5
Water Use & Scarcity
5/100
Water Use & Scarcity in Facilities
4/100
Monitoring Water Consumption & Withdrawals
The company has not conducted a risk assessment for its processing facilities, nor has it identified facilities operating in areas with high or medium water stress. It conserves water by recycling it from lagoons to flush manure pits on its farms. Additionally, the company monitors water use weekly and evaluates drinking systems to minimise waste in animal consumption. Further details on water-saving measures across all facilities are recommended.
0.2/0.75
Target to Reduce Water Consumption & Withdrawals
The company does not disclose a time-bound water reduction target to reduce total water withdrawals at facilities in the reporting year.
0/1
Disclosure & Performance of Water Risks in Facilities
The company does not report water withdrawals or consumption by source or by water stress level. It does not disclose water-related CAPEX or OPEX, nor did it respond to the CDP Water Questionnaire.
0/3.25
Water Use & Scarcity in Feed Farming
0/100
Supplier Engagement in Water Use in Feed Farming
The company does not address water usage in its feed supply chain. It does not discuss comprehensive guidance, support, or incentives offered to suppliers/growers on water usage and has not established a partnership with a third party to input into sourcing/farming strategy.
0/2.5
Disclosure of Water Risks in Feed Farming
The company does not disclose feed water intensity or the proportion of feed sourced from water-stressed areas. Furthermore, the company does not provide evidence that it is investing in sustainable feed production from a water-use perspective.
0/2.5
Water Use & Scarcity in Animal Farming
10/100
Supplier Engagement in Water Use in Animal Farming
The company does not disclose the proportion of animal protein commodities produced or sourced in water-stressed areas. While it conducts weekly monitoring of water usage on farms and assesses drinking systems to reduce waste, further details are lacking. Additionally, the company does not provide guidance, support, or incentives to suppliers or growers regarding water use in animal farming.
0.5/4
Disclosure of Water Risks in Animal Farming
The company does not disclose having established partnerships with third parties to input into sourcing/farming strategy, including water use.
0/1
Waste & Pollution
5/100
Wastewater at Facilities
8/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
The company does not identify facilities that operate in locations with high and medium water stress from a quality perspective. It has not set a quality or volume target for wastewater, nor does it report the number of instances of non-compliance with water quality permits, standards, and regulations.
0/1.5
Transparency on Water Pollution Risks
The company does not disclose the quality or volume of wastewater discharge. No evidence was found that wastewater-related data has been audited, and the company did not respond to the CDP Water Questionnaire in 2022.
0/2
Performance on Wastewater Quality & Volume Discharged
The company generates biogas by extracting organic matter from wastewater and converting animal fat. The biogas is then supplied to the interstate pipeline network. However, the company does not disclose the quality of its discharged wastewater, nor is there evidence of a reduction in the total volume of wastewater discharged compared to the previous reporting period.
0.4/1.5
Nutrient Management in Feed Farming
0/100
Supplier Engagement in Nutrient Pollution Risks
The company does not address nutrient management in its code of conduct. It does not disclose a requirement for feed suppliers to have a nutrient management plan in place, nor does it provide guidance, support, or incentives to suppliers/growers on nutrient management or fertiliser use in crop production.
0/4
Innovation to Improve Nutrient Management in Feed Farming
The company does not invest in sustainable feed production to improve nutrient management or disclose information about pesticide use in its feed supply chain.
0/1
Manure Management in Animal Farming
8/100
Disclosure of Pollution Risks from Manure
The company captures methane from hog lagoons and integrates it into the local pipeline as renewable natural gas. However, it does not clarify if lagoon effluents are treated before land application. Similarly, while the company produces fertilisers from hog manure, the extent of conversion or treatment prior to field application is unspecified.
The company maps farms to identify potential environmental threats and ensure safe effluent application. Nonetheless, detailed information on these assessments is lacking, and improved disclosure is recommended.
0.38/1.25
Supplier Engagement in Manure Management
The company does not make site-specific nutrient management plans part of its supplier’s contractual agreement or its own farms management. Nor does it provide technical or financial support to suppliers or its own farms to develop nutrient management plans and improve manure storage.
0/1.5
Innovation to Improve Nutrient Management in Animal Farming
The company does not integrate nutrient management performance into incentive schemes for farmers. It does not discuss innovations in manure or provide evidence of a community engagement plan in relation to pollution.
0/2.25
Antibiotics
53/100
Policy on Antibiotics Use
90/100
Policy on Antibiotics Use
The company has an antibiotics policy prohibiting the use of medically important antibiotics for growth promotion across all operations. Antibiotics are used solely for therapeutic purposes, such as treating diagnosed illnesses and controlling or preventing disease spread in herds.
The policy emphasises strict observation of withdrawal periods and accurate dosing under veterinary supervision. To reduce antibiotic reliance, the company employs measures including biosecurity and sterilisation protocols, vaccination programmes, environmental control within barns, and health monitoring.
4.5/5
Disclosure of Quantity of Antibiotics Used
15/100
Disclosure of Quantity of Antibiotics Used
The company maintains detailed records of antibiotics used on its farms but does not publicly disclose this information, including the quantity, type, class, or reasons for usage. While it has expressed a goal to reduce antibiotic use, it does not disclose the percentage of animals treated with antibiotics.
0.75/5
Animal Welfare
12/100
Animal Welfare Policy
27/100
Welfare Policy
The company outlines measures for animal well-being, such as maintaining clean barns, balanced nutrition, and pain management during procedures like tail docking and castration. However, it lacks a detailed animal welfare philosophy aligned with the Five Freedoms or similar standards.
The company provides ongoing training for all farm employees on humane animal care, including low-stress movement techniques and proper handling, ensuring employees are well-versed in up-to-date practices across operations.
The company mentions a hotline for reporting breaches in animal welfare but does not fully disclose actions taken after a breach is identified.
The company has not disclosed involvement in specific research and development initiatives aimed at advancing animal welfare.
0.95/2
Key Welfare Issues
The company lacks a commitment to avoiding close confinement practices, such as gestation and farrowing crates, and does not provide information on stocking densities or increasing space allowances for animals.
There is no commitment to avoid routine mutilations or long-distance transportation of animals. Although the company uses carbon dioxide chambers for piglets and captive bolt stunning for finisher pigs, sows, and boars, it does not disclose enrichment measures to foster natural behaviours or positive emotional states beyond basic welfare needs.
Additionally, the company does not mention any policies or commitments concerning the exclusion of breeds with production traits that increase anatomical or metabolic disorders.
0.4/3
Assurance & Certification
10/100
Auditing & Assurance by an Animal Welfare Organisation
The company shows commitment to animal welfare through internal management practices and monitoring. It implements an animal care program involving regular monitoring by trained personnel, adhering to care standards set by industry bodies, including the North American Meat Institute, National Pork Board, and the U.S. Department of Agriculture. However, its operations are not explicitly certified by a recognized farm assurance program.
0.5/4
Public Reporting on Welfare
The company does not disclose information on animal welfare certifications or assurance programs for its beef operations.
0/1
Performance on Key Material Risks
0/100
Performance on Key Material Welfare Risks by Protein
The company does not disclose information on key animal welfare risks in beef.
0/5
Working Conditions
18/100
Human Rights
0/100
Strength of Policy
The company lacks a comprehensive policy or commitment to respect all human rights.
0/1
Due Diligence Process
The company does not discuss how it monitors, assesses, and mitigates actual and potential human rights risks in its operations or supply chain.
0/3
Evidence of Remediation
The company does not disclose whether it has identified any human rights risks in its operations through human rights due diligence.
0/1
Fair Working Conditions
16/100
Policy for Direct Operations
The company’s Pork division, Seaboard Foods, states in its Code of Conduct that it prohibits discrimination, harassment, forced labour, and child labour. However, it does not commit to paying employees a living wage or providing sick pay, and does not provide details of audits for its Code of Conduct.
The Pork division also discloses that it prohibits forced labour in its supply chain but does not confirm if it prohibits inhumane treatment, discrimination, harassment, or child labour.
0.8/3
Monitoring & Discosure
The company does not discuss whether it has conducted supplier audits covering human rights or if it has a grievance reporting mechanism open to employees or external stakeholders.
0/2
Safety & Turnover Data
17/100
Committee representation of workers
The company provides a weak statement affirming employee safety as a priority but does not disclose holding a health and safety certification or having a health and safety committee. Additionally, it has not assessed or discussed antimicrobial resistance risk for its workforce.
0.25/2
Disclosure of safety and turnover data
In FY2022, the company's Pork division reported increases in Total Recordable Incident Rates (TRIR) compared to FY2021: from 2.78 to 3.29 in its Pork Processing Plant, from 3.32 to 3.52 in Farm Operations, and from 5.47 to 5.53 in Energy.
The company does not provide any fatality data for the reporting year or the previous year.
The Seaboard Foods division has a retention rate of 78%, implying a turnover rate of 22% for the Pork segment.
0.6/3
Freedom of Association
40/100
Strength of Policies
The company states that employees have the right to associate and join unions according to applicable law, with 38% of its Food division employees unionised in 2023. However, it does not disclose measures to support workers' rights, and its supplier code of conduct lacks a requirement for policies on freedom of association and collective bargaining.
0.8/3
Disclosure of Collective Bargaining Metrics
The company states that its hourly salaried employees in the pork division are covered by a collective bargaining agreement expiring in 2026. Additionally, 33% of its total workforce is represented by unions. While the company provides a breakdown by hourly and salaried employees in the pork division, it does not disclose details about full-time versus part-time or temporary versus permanent employees.
1.2/2
Food Safety
40/100
Food Safety System
25/100
Certifications
The company reports that its Seaboard Foods Division adheres to the HACCP protocol, with quality control points certified under the USDA Process Verified Program. The Guymon pork processing plant holds an SQF certification recognised by the Global Food Safety Initiative (GFSI). However, the company does not clarify what proportion of its total sites this represents or disclose if other sites hold GFSI certification.
Additionally, the company does not provide information on any requirements for suppliers to have certification from a GFSI-recognised programme, nor does it disclose the proportion of suppliers that hold such certification.
1.25/3.5
Performance
The company does not report the number or frequency of food safety audits conducted during the reporting year. It also does not specify associated corrective action rates, nor does it disclose whether it has implemented or is in the process of developing consumer-facing technology for food safety.
0/1.5
Product Recalls & Market Bans
55/100
Product Recall Systems
The company acknowledges the risk of product recalls due to potential food contamination by pathogens, which can affect brand reputation, increase costs, and reduce revenues. It reports having zero product recalls in 2022.
2.25/3
Performance
The company does not disclose the number or locations of market bans for the reporting year, nor have any incidents been identified through media screening.
0.5/2
Sustainability Governance
0/100
Assessment of a Company's Sustainability Governance
0/100
Board Sustainability
The company does not disclose whether its board is formally mandated to oversee sustainability issues, or if it has conducted a materiality assessment to identify its sustainability risk profile.
0/2
Incentives & Policy Engagement
The company does not disclose executive monetary remuneration linked to climate or sustainability performance. Nor has it disclosed engaging with civil or trade associations on ESG issues, providing a comprehensive list of trade association memberships, or aligning any policy engagement activities with the goal of restricting global temperature rise to 1.5°C.
0/2.5
Innovation & Benchmarking
The company does not disclose a strategic approach to sustainability innovation or state whether it benchmarks itself against peers in sustainability and innovation.
0/0.5
Alternative Proteins
0/100
Diversification of Products to Alternative Protein Sources
0/100
Existing product portfolio
The company does not explicitly acknowledge that protein diversification is a material business issue. Furthermore, it has not yet set a time-bound target to diversify protein sources, nor does it report revenue or sales linked to alternative protein sources.
0/2.5
Investing for future growth
The company does not indicate an approach to diversifying its product range to include plant-based and alternative protein options.
0/2.5
Members-only Content
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Workstream Information
2024 Risk Score:
15/100
Level:
High Risk
Ranking:
54/60
Main Protein:
Pork
Assessed Proteins:
Pork
Company Feedback Given:
No
Last Updated:
19 November 2024
2024 Resources
2024/25 Company Dialogue Questions 2024/25 Methodology Mandarin Summary | Corporate Biodiversity Footprints 企业生物多样性足迹摘要 Climate Solutions Report Climate Solutions Supporting Information Corporate Biodiversity Footprints - French Webinar Corporate Biodiversity Footprints Webinar Coller FAIRR Protein Producer Index