2025
INTEGRATED ANNUAL REPORTfor the year ended 30 September 2025

OUR SUSTAINABLE FUTURE STRATEGY

Our sustainable future strategy provides a framework for managing our material sustainability-related impacts, risks and opportunities. The strategy has three pillars – health and nutrition, enhanced livelihoods and environmental stewardship – underpinned by seven critical anchors that provide a foundation for responsible business practice.

Health and nutrition

Enable consumers to improve their health and wellbeing by providing affordable good nutrition

2030 targets

  • 65% of food portfolio to meet our Eat Well Live Well nutritional standards for healthier product categories (excluding Snacks and Treats)

Enhanced livelihoods

Improve the livelihoods of thousands of people by providing opportunities for inclusive participation across our value chain

2030 targets

  • Invest in 20 community enterprises
  • Support 1 000 black-owned enterprises
  • Create 4 000 jobs
  • ESD fund of R400 million through partnerships
  • 50% of our total local procurement spend towards black or black women-owned enterprises
  • 100% of products ethically sourced
  • 50% female workforce representation
  • 80% African, coloured, or Indian representation across all management levels

Environmental stewardship

Significantly reduce our environmental impact through innovative solutions

2030 targets

  • 30% reduction in energy intensity (kWh/tonne) across all sites from a 2019 baseline
  • 31% of all electrical energy at manufacturing sites from renewable energy solutions
  • 30% reduction in water intensity (kl/tonne) across all sites from a 2019 baseline
  • Achieve water intensity figure of 1.12 kl/tonne
  • 30% reduction in scope 1 and 2 emissions off 2021 baseline
  • Net-zero carbon emissions by 2050
  • Zero waste to landfill at all sites
  • 50% reduction in production food waste from a 2022 baseline
  • 80% of plastic packaging recyclable/compostable
  • 25% recycled content in PET packaging

SUSTAINABILITY STRATEGY

Our sustainability strategy presents a forward-looking approach to managing our material sustainability-related impacts, risks and opportunities. The strategy sets out our overarching ambitions and targets for our three strategic pillars – health and nutrition, enhanced livelihoods and environmental stewardship – with the aim of ensuring that we build long-term resilience, operate ethically and responsibly, and create value in alignment with our purpose to nourish and nurture more lives every day.

We have mapped our strategic goals and critical anchors across the United Nations Sustainable Development Goals (SDGs) and prioritised 11 SDGs where we believe we can make the biggest contribution to society through our core business activities.

Over the past year, as we implemented our refreshed business strategy and federated operating model, we have reflected and reviewed on our value chain and the opportunities that it presents in relation to our sustainability strategy.

The three pillars of the sustainability strategy of health and nutrition, enhanced livelihoods and environmental stewardship remain core to our business, however, the initial review did highlight a need for us to revisit some of our 2030 targets to ensure that although stretching, they remain realistic to our current operating environment.

In addition, our newly developed sustainable agricultural sourcing framework aims to enhance livelihoods through inclusive participation and strong labour standards and promote environmental stewardship in our supply chain with the goal of enabling the provision of affordable and accessible nutrition.

In 2026, we will complete a holistic review of our 2030 sustainability commitments with the board and key stakeholders, with the aim of providing revised targets for 2030 and beyond.

Strategic integration of our sustainability-related impacts, risks and opportunities

Prioritising the implementation of our refreshed strategy and federated operating model has only deepened our resolve to not lose sight of our sustainability commitments. As reviewed earlier in this report (here) and summarised below, addressing our material sustainability-related impacts, risks and opportunities is increasingly integrated within our business strategy:

Our approach to identifying our sustainability-related impacts, risks and opportunities is reviewed here.

SUSTAINABILITY MANAGEMENT

We continue to strengthen our management approach and practices to support ongoing sustainability integration across the business. The emphasis remains on establishing strong foundations that enable us to deliver on our long-term targets, uphold ethical conduct and meet compliance requirements. Aligned with our federated operating model, our approach has evolved to decentralise sustainability management across our operations, placing greater emphasis on category-level and site-level ownership, decision-making and accountability.

POLICY FRAMEWORK

Our sustainable future strategy is backed by a framework of ethical, social, and environmental policies (see table below) that aligns with relevant legislation and regulatory requirements, support corporate governance and ethical business conduct and guide the management of sustainability-related impacts, risks and opportunities. All policies are subject to regular internal audits to ensure legislative compliance and are routinely updated to reflect contextual developments.

Our sustainability-related policies
ENVIRONMENTAL
  • Environmental policy
SOCIAL
  • Anti-harassment policy
  • Diversity, equity and inclusion policy
  • Flexible work practices policy
  • Health and safety policy
  • Human rights policy
  • Learning and development policy
  • Leave policy
  • Personnel protection
  • Physical security policy
  • Recruitment policy
  • Remuneration policy
  • Socio-economic development policy
ETHICAL/ GOVERNANCE
  • Acceptable usage of information policy
  • Anti-bribery and anti-corruption policy
  • Code of conduct
  • Declaration of interest policy
  • Ethical sourcing policy
  • Gifts, entertainment and hospitality policy
  • Information privacy policy
  • Information security and cyber-resilience policy
  • Preferential procurement policy
  • Procurement policy
  • Responsible marketing policy
  • Supplier management policy
  • Stakeholder management policy
  • Whistle-blowing line policy

SUSTAINABILITY TARGETS

We have set 2030 targets for health and nutrition, enhanced livelihoods and environmental stewardship and we track our progress against these targets through annual operational KPIs that measure year-on-year progress. We report our performance using clear metrics (here) and publish a consolidated sustainability databook (available on our website).

As summarised in the table below and mentioned earlier in this report, we continuously review our long-term targets to ensure they remain relevant and reflect our changing operational realities.

Year Target area Previous target Revised target Reason for change
2025
  • Renewable energy
  • 65% reduction in renewable energy
  • 31% reduction in renewable energy
  • Industry realities and feasibility
2025
  • Greenhouse gas emissions
  • 45% reduction in scope 1 and 2 emissions
  • 30% reduction in scope 1 and 2 emissions
  • Closer alignment with national targets
2024
  • Packaging
  • 100% plastic recyclable; 50% recycled content
  • 80% plastic recyclable; 25% PET recycled content
  • Industry realities and feasibility
2024
  • Health and nutrition
  • 75% of food portfolio to meet EWLW nutrition standards
  • 65% of food portfolio to meet EWLW nutrition standards
  • Adjusted portfolio following optimisation strategy