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I conducted an analysis of 117 corporates that are classified under GICS as Food and Beverage or Food Production, utilizing ESG research to inform the analysis and ratings comparison.
Many of the companies analyzed are large companies subject to more stringent ESG reporting requirements.
The geographical breakdown of the companies is as follows: United States (45), United Kingdom (22), France (10), Germany (8), Switzerland (7), Japan (6), and others. For UK companies, there are specific ESG reporting obligations under the Companies Act 2006, which require enhanced sustainability disclosures and stakeholder engagement.
Key insights from the ESG ratings and scores analysis highlight the importance of regulatory compliance and robust ESG practices for improving company performance and investor confidence, as many are trying to navigate various ESG research sources in the sustainability space.
ESG risk ratings and risk ratings are important tools used to assess company performance and exposure, helping investors evaluate how companies manage ESG-related challenges and material topics for investors.
A full list of 117 Food & Beverage companies was reviewed with much more in-depth research, including aligning market cap trends across ESG leaders. This research included analysis of financial information, ESG reports, and supply chain practices to provide a comprehensive view of each ESG performance. The assessment also considered capital projects and financial risks as part of the ESG evaluation. You can contact aakash@nossadata.com if you’d like to see how specific corporates performed relative to the industry or for more detail on any aspect of the research.
Who was assessed in this sustainability research, for risks and opportunities across their capital projects? A2 Milk Company Ltd; AAK AB; Ajinomoto Co., Inc.; Ambev S.A.; American Vanguard Corporation; Anadolu Efes; Anheuser-Busch InBev SA/NV; Asahi Group Holdings, Ltd.; Balchem Corporation; Barry Callebaut AG; Bell Food Group AG; Bellring Brands, Inc.; Beyond Meat, Inc.; BRF S.A.; Brown-Forman Corporation; Cal-Maine Foods Inc.; Calavo Growers Inc.; CARLSBERG A/S; Celsius Holdings, Inc.; CF Industries Holdings, Inc.; Cloetta AB; Cobram Estate Olives Ltd; Coca-Cola Consolidated Inc.; Coca-Cola Europacific Partners; Coca-Cola HBC; Compania Cervecerias Unidas S.A.; Conagra Brands, Inc.; Constellation Brands, Inc.; D.R. Horton, Inc.; Danone; Davide Campari-Milano N.V.; Darling Ingredients Inc.; Diageo PLC; Dutch Bros Inc.; EBOS Group Limited; Embotelladora Andina S.A.; Emmi AG; Ezaki Glico Co., Ltd.; Fevertree Drinks PLC; First Watch Restaurant Group Inc.; Fresh Del Monte Produce Inc.; Fuller Smith & Turner Plc; Greencore Group Plc; Grieg Seafood; Groupe Minoteries SA; Grupa Azoty Spolka Akcyjna; Grupo Bimbo S.A.B. de C.V.; Guzman y Gomez Mexican Kitchen; Haleon; Heineken N.V.; Hektas Ticaret Turk Anonim Sirketi; Hilton Food Group; Hormel Foods Corporation; Inghams Group Limited; Ingredion Incorporated; Intrepid Potash; J & J Snack Foods Corp.; JBS USA Holdings, Inc.; JDE Peet’s N.V.; Jeronimo Martins, SGPS, S.A.; John B. Sanfilippo & Son, Inc.; Keurig Dr Pepper; Krispy Kreme Inc.; Lamb Weston Holdings, Inc.; Lancaster Colony Corporation; Lassonde Industries Inc; Leroy Seafood Group ASA; Lotus Bakeries; LSB Industries Inc.; M P Evans Group Plc; Maple Leaf Farms; Marfrig Global Foods S.A.; Meiji Holdings Co., Ltd.; Mission Produce, Inc.; Molson Coors Beverage Company; Mondelez International, Inc.; Monster Beverage; Mowi Asa; MTY Food Group Inc; Musti Group Oyj; National Beverage Properties; Nichols Plc; Nomad Foods; Oceana Group Limited; P/F Bakkafrost; Orior AG; Pernod Ricard SA; Phibro Animal Health Corporation; Pilgrim’s Pride Corporation; Premier Foods; Remy Cointreau; Ridley Corporation Ltd; Rogers Sugar Inc.; Royal Unibrew; Salmar; Saputo Inc.; Seaboard Corporation; Select Harvests Limited; Seneca Foods Corporation; SLC Agricola S.A.; SunOpta Inc.; Suntory Beverage & Food Limited; Sweetgreen Inc; Takara Holdings Inc.; Tessenderlo Group NV; The Andersons, Inc.; The Boston Beer Company, Inc.; The Hershey Company; The Vita Coco Company, Inc.; Tilray Brands, Inc.; Treasury Wine Estates; TreeHouse Foods, Inc.; United Natural Foods, Inc.; US Foods Holding Corp.; Utz Brands, Inc.; Vina Concha y Toro S.A.; Yakult Honsha Co., Ltd.; Vina Concha y Toro S.A.; Yakult Honsha Co., Ltd.)
A variety of ESG reporting frameworks exist to guide companies in disclosing their sustainability performance, ranging from mandatory to voluntary disclosures. The Task Force on Climate-related Financial Disclosures (TCFD) is a widely recognized framework that helps companies report on climate-related financial disclosures, focusing on both risks and opportunities. In the UK, TCFD-aligned reporting has become mandatory for certain companies, while the European Union’s CSRD requires comprehensive ESG information disclosure across a broader set of companies.
Other prominent frameworks include the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), which provide sector-specific guidelines for ESG reporting. ESG ratings, such as those from MSCI, play a crucial role in helping investors, financial institutions, asset managers, pension funds, and sustainability stakeholders assess a company’s ESG risk and overall performance. These ratings inform investment decisions and support the management of climate-related risks, ensuring that ESG considerations are integrated into investment strategies and reporting requirements are met. As ESG reporting continues to evolve, companies must stay informed about both regulatory mandates and voluntary frameworks to effectively communicate their sustainability efforts and risks and opportunities to investors (asset owners, financial institutions, asset managers, pension funds, etc.) and other stakeholders.