SUSTAINABILITY APPROACH
STRATEGY
The nature of our business, the relationships we have with stakeholders and the changing dynamics in our operating context, determine our most material sustainability issues and shape our purpose and strategy to create societal value.
We are a food business with aspirations for growth across Africa. Our operating context is characterised by intensifying market dynamics, shifting consumer and stakeholder expectations, and increasing complexity in which deepening social and environmental declines are becoming material to business performance IR. The health of our trade over the long term undeniably lies in the health and productivity of the natural systems we source from, and the people we employ and serve.
Our sustainability strategy supports delivery on our core purpose, communicates our forward-looking approach to sustainability, and orients the business towards improved environmental, social and governance (ESG) performance. The strategy articulates our societal value-proposition and reflects our commitment to addressing our most material impacts and to creating broader social, economic and environmental value.
The strategy comprises three clear focus areas: health and nutrition; enhanced livelihoods; and environmental stewardship. Our commitments under these strategic pillars drive the pursuit of commercial opportunities in health and nutrition, the systematic transformation of our supply chain to promote more inclusive economic development, and the adoption of environmentally responsible production practices.
These strategic pillars are underpinned by a set of seven critical anchors: food safety and quality; ethical supply chain practices; safety, health and environment; responsible marketing; partnerships; and transparency. Our critical anchors represent key areas of competency and practice that are crucial for building a strong foundation in responsible business practice in our sector.
We have mapped our strategic goals and critical anchors across the SDGs, and prioritised eleven SDGs where we believe we can make the biggest contribution through our business and sustainability strategy.
- Materiality process
We use a structured independently facilitated materiality process to help identify our most material ESG issues, and shape our sustainability strategy and disclosure (see our integrated reporting approach and sustainability approach ). The process is participatory in nature, and comprises a half-day workshop with relevant members of our executive and senior management teams. Through the process, we collectively analyse our business model, dependencies and impacts, external environment, and stakeholder interests. This analysis is followed by a discussion of the implications for (and of) our strategy, and a re-appraisal of the purpose and rigour of our reporting. We used this process in 2019 to first develop our sustainability strategy, and we ran a similar process in 2022 to validate our material issues, reflect on our strategy, guide our disclosure, and onboard new team members into the reporting process.
SUSTAINABILITY STRATEGY
| Health and nutrition | Enhanced livelihoods | Environmental stewardship | ||||||||||||||||||
| Enable consumers to improve their health and wellbeing | Improving the livelihoods of thousands of people | Significantly reducing our environmental footprint | ||||||||||||||||||
We will enable consumers to improve their health and wellbeing by providing affordable good nutrition |
We will improve the livelihoods of thousands of people by providing opportunities across our value chain for inclusive economic participation | We will significantly reduce our environmental impact through innovative solutions | ||||||||||||||||||
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| CONTRIBUTING TO THE SDGs | ||||||||||||||||||||
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| CRITICAL ANCHORS | ||||||||||||||||||||
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