The Group said it is the fourth consecutive year that it has been recognized as an industry leader in the management of the Environmental, Social and Governance (ESG) risks in its cocoa and ingredients supply chain.
“This result once again confirms our leadership position, not only in the cocoa and chocolate sector, but also in comparison to our peers in the broader food and beverage industry,” the Zurich-based Group said.
In its ESG Risk Rating, Sustainalytics said Barry Callebaut’s overall rankings increased this year in all ESG streams - Environmental, Social and Governance.
“The company is at low risk of experiencing material financial impacts from ESG factors, due to its high exposure and strong management of material ESG issues…. Barry Callebaut's sustainability endeavours are reflected in the fact that the company's Sustainalytics ESG Risk Rating is the lowest in its subcategory and first among its peers.”
Identifying and addressing the key ESG issues facing our business and our approach to addressing these issues requires regular dialogue with our stakeholders. This principle underpins our approach to our non-financial reporting and our materiality assessment which is undertaken every 2 -3 years, Barry Callebaut said.
"As part of our commitment to transparency and integrity, we are committed to assessing and reporting on our ESG risks.
"We publicly disclose our GRI Reports, which we publish on an annual basis alongside our third-party verified Forever Chocolate Progress Report and Assurance Reports.
"We also have a public dedicated page covering a range of key ESG topics that impact our operations and supply chain. This incudes our latest CDP Reports, Human Rights Policy, Supplier Code and Sustainable Sourcing Policies, as well as our approach to reducing deforestation and carbon emissions and child labour," the Group said in a statement.