Sustainability Framework

Consistent with our vision, strategic pillars and core values: healthier produce, healthier people and a healthier planet.

Improving sustainability is one of the strategic pillars in our long range plan. Our Board of Directors oversees Del Monte’s sustainability strategy. Our sustainability goals are developed together with functional leaders and their teams, each addressing priorities and implementing projects to achieve the sustainability goals. Conducting business goes beyond generating profit to ensure the well-being of our people and stewardship of the planet.

We are guided by our vision, values, and goals to promote health and wellness, environmental stewardship, and employee welfare.

We focus on building the long-term resilience of our business. Each business unit has identified its material sustainability issues by location which may differ given the business model employed by the business units. For example, our Philippine company directly cultivates its fruits, while our US subsidiary uses contract growers to source its produce.

We strive to ensure that Del Monte adheres to the highest governance standards in doing business. For more information on our governance principles, refer to pages 69-92 of our FY2022 Annual Report or visit our website at www.delmontepacific.com/corporate-governance.

Screenshot 2020-10-12 003140

Materiality and

Our Priorities

An independent materiality assessment process led by a global sustainability specialist firm examined our priorities with respect to products, people, the environment, governance, business, and our stakeholders.

Screen Shot 2021-09-01 at 11.35.22 AM

Our materiality assessment had the following objectives:

Identify the sustainability priorities, drawing on our knowledge of internal and external resources to compile a list of issues specific to the food industry.
Determine 30 environmental, social, and governance priorities across six categories to frame our assessment.
Conduct a survey with internal stakeholders, i.e. employees, regarding the business impact of sustainability issues, including the scope of the issue, possible risk and magnitude of impact, current regulations, and concerns from consumers, customers, communities, and the government.
Send a similar survey to key external stakeholders including business partners, customers, suppliers, lenders, government, industry and trade associations, certification bodies, non-government organizations, academe, and investors to determine issues for Del Monte to address.
Map the critical issues to be prioritized.

Our top 10 material priorities are as follows:

Screen Shot 2021-08-31 at 2.40.42 PM

Aside from these, we also included emerging issues – soil management, talent management, data privacy, and cybersecurity. Moreover, the Group provided a section on climate change adaptation, energy efficiency, corporate social responsibility. We also highlighted our response to the COVID-19 pandemic.

Some of DMFI's corn growers in the US

Stakeholder Engagement

Our sustainability journey begins with our stakeholders, whom we nurture meaningful relationships with to strengthen collaboration, improve transparency, address potential risks, resolve concerns and sustain our performance.

Working together through partnerships with businesses, governments, NGOs and civil society can achieve effective outcomes, drive collective action, and build shared opportunities. Collaborating with multi-stakeholders is key in achieving our environmental, social and governance goals.

The corporate sustainability team leads efforts to increase sustainability advocacy among stakeholders. Key leaders are briefed about sustainability. We demonstrate our commitment which requires collective action with others.

As we engage with our stakeholders, we are mindful of our interaction with them. We use the principles of truthfulness, transparency, inclusiveness and accountability to build mutual trust and create a meaningful partnership.

We are committed to engage proactively with our partners in areas where we operate. We value the insights and feedback of stakeholders on our material priorities, as we develop our sustainability strategy across our goals.

The following outlines how we engage with our key stakeholders. These groups were identified according to their level of influence, interest, and impact on the organization.

How We Engage Our Stakeholders

Stakeholders Engagement (3)

Reporting Standards

The Group uses the Global Reporting Initiative (GRI) Sustainability Reporting standards.

Our Quality Policy, Code of Conduct, Code of Business Ethics and Sustainability, and Environmental Policies help us comply with the standards set by the GRI. These are closely monitored and reported, as illustrated throughout this report.