Venky's India Ltd

The company does not have a science-based emission reduction target.

The company has not disclosed specific targets for reducing Scope 1, Scope 2, or Scope 3 GHG emissions.

The company does not discuss whether it is working with suppliers to reduce emissions from agriculture.

The company does not engage in innovative projects to reduce or mitigate emissions from feed farming.

The company does not engage in innovative projects to reduce or mitigate emissions from animal farming.

The company discloses total Scope 1 and Scope 2 emissions in its Annual Report for both the current and previous financial years. It also mentions efforts to conserve energy, including reducing power usage at its farms, offices, and hatcheries.

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.

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.

The company reports an increase in Scope 1 emissions from 999 to 1,290 and Scope 2 emissions from 3,336 to 3,779 in the latest reporting period, reflecting a total rise of 17% between FY2022 and FY2023. However, the units are unspecified, and the company is advised to clarify this in future disclosures. Additionally, the company does not provide information on emissions stemming from feed, enteric fermentation, or manure management.

The company does not disclose information on a climate-related scenario analysis.

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.

The company does not disclose its commitment to align capital expenditures with its GHG targets.

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.

The company does not disclose having a deforestation/conversion-free target for soy.

The company does not report progress against its commitment. Nor did it respond to the CDP Forest Questionnaire in 2022.

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.

The company does not disclose how it monitors compliance or its procedures for addressing non-compliance. It is reported to directly procure agricultural produce, such as soya, from local farmers, bypassing mediators, which provides partial traceability of its soy supply.

The company does not discuss innovations or practices to move towards sustainable feed sources.

The company has not conducted a water risk assessment for its processing facilities, despite recognising water usage as a material risk. It has not disclosed the execution of any assessment to identify facilities in areas with high or medium water stress. For FY2022-23, the company’s total water consumption was 8,050,547 kilolitres. It significantly reduced its freshwater requirements by reusing recycled water in poultry farms and plant facilities to mitigate risk and minimise water usage across all units.

The company does not disclose a time-bound water reduction target to reduce total water withdrawals at facilities in the reporting year.

The company reports water withdrawals of 116,803 kL from surface sources, 15,755 kL from ground sources, and 7,917,989 kL from an unspecified third party. Total water withdrawal and consumption increased from 7,777,387 kL in FY2021-22 to 8,050,547 kL in FY2022-23. However, the company does not disclose withdrawals or consumption by water stress level, nor does it provide CAPEX or OPEX related to water. There is no evidence of third-party audits of its water-related data, and the company has not responded to the CDP Questionnaire for the current reporting period.

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.

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.

The company does not disclose the proportion of animal protein commodities produced or sourced in water-stressed areas, despite inherent water scarcity risks in its operations. While the company states that water is recycled and reused in its farms and hatcheries to significantly reduce freshwater needs, it does not discuss guidance, support, or incentives provided to suppliers and growers regarding water use in animal farming.

The company does not disclose having established partnerships with third parties to input into sourcing/farming strategy, including water use.

The company reports that its waste and emissions during the reporting year were biodegradable and compliant with environmental laws and regulations in India, with no incidents of non-compliance. However, the company has not disclosed information on processing facilities in areas with high or medium water stress. It also lacks disclosure of water-related quality and volume targets.

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.

The company does not disclose having improved the wastewater quality at the aggregate level compared to the previous reporting period or reduced the volume of wastewater discharged.

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.

The company does not invest in sustainable feed production to improve nutrient management or disclose information about pesticide use in its feed supply chain.

The company states that its live chicken business does not produce hazardous waste. The biodegradable waste generated is recycled for use in poultry and agriculture activities, presumably including manure, though it is not specified if chicken litter is converted into fertiliser or biogas. The company does not conduct a risk assessment to identify high-risk farm locations. This is significant, given that according to the WRI's Aqueduct tool, nearly all areas in India where the company operates face extremely high water quality risks.

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.

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.

The company does not disclose a policy on antibiotic usage or measures taken to reduce their need.

The company does not disclose the quantity of antibiotics used.

The company does not provide a statement in support of the Five Freedoms or a similar statement on the importance of animal welfare.

The company does not state a commitment to engaging and training employees on animal welfare issues.

The company does not disclose information on animal welfare certifications or farm assurance programs.

The company does not disclose information on animal welfare certifications or assurance programs for its beef operations.

The company does not disclose information on key animal welfare risks in beef.

The company claims to respect and promote human rights but does not provide a detailed human rights policy aligned with international standards.

The company does not disclose how it assesses or monitors human rights risks, nor how it identifies further actions. While it provides human rights training to all employees, it does not disclose how it mitigates risk or remediates affected individuals or communities within its supply chain.

The company does not disclose whether it has identified any human rights risks in its operations through human rights due diligence.

The company lacks a comprehensive policy to provide fair working conditions in its own operations and those of its suppliers.

The company discloses having a grievance mechanism for its direct operations and assures whistleblower protection from unfair treatment or abuse. However, it does not clarify if the mechanisms are anonymous or developed with stakeholder consultation, nor does it state if such mechanisms are present in its supply chain. The company reports receiving no complaints about child labour, forced labour, sexual harassment, or discriminatory employment, but it is unclear if these figures relate to the grievance channel. Additionally, the company does not disclose the total number of complaints received through its grievance mechanism.

The company commits to prioritising employee health and safety and has a management system in place. However, it does not disclose holding a health and safety certification, the presence of health and safety committees, or assessments of antimicrobial resistance risk for its workforce.

The company reports maintaining a lost time injury frequency rate (LTIFR) of zero for both the current and previous reporting years, although the number of work-related injuries increased from zero to one. It records zero fatalities for both years. However, the company does not disclose the proportion of operations these figures cover. Additionally, the company discloses a turnover rate of 6.83% for permanent employees, though this is not broken down by seniority.

The company does not disclose a statement on the right to freedom of association or the unionisation rate, nor does it describe measures taken to support these rights. Additionally, it has not clarified whether its supplier code of conduct includes a policy requirement on freedom of association and collective bargaining.

The company reports that 30.29% of its 3,425 permanent employees are union members covered by collective bargaining agreements. It employs 304 other-than-permanent staff. However, the company does not provide information on the distribution of full-time versus part-time workers or those paid hourly.

The company has obtained FSSC 22000 certification for its food processing unit, recognised by the Global Food Safety Initiative (GFSI), but does not specify the percentage of total operational sites that are certified. Additionally, the company does not indicate whether suppliers are expected to have GFSI certification or provide details on the proportion of certified suppliers.

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.

The company does not disclose details of its product recall system but reports no voluntary or forced recalls due to safety issues during the reporting year.

The company does not disclose information regarding market bans, and none were identified during media screening.

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.

The company does not disclose any evidence of executive monetary remuneration linked to sustainability performance. It also does not specify whether it engages with public policy officials or trade and civil associations on ESG issues, although it does disclose affiliation with the National Egg Co-Ordination Committee and the Poultry Breeders Coordination Association. Furthermore, the company does not commit to aligning its policy-engagement activities with the goal of limiting global temperature rise to 1.5⁰C.

The company does not disclose a strategic approach to sustainability innovation or state whether it benchmarks itself against peers in sustainability and innovation.

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.

The company does not indicate an approach to diversifying its product range to include plant-based and alternative protein options.