Sustainability Framework

 

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

 
 

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Sustainability attests to our commitment in sustaining our future as a strategic pillar in our long-range plan. Our Board of Directors, together with the leadership team, oversees Del Monte’s sustainability strategy. Our sustainability goals are developed by a cross-functional team, each addressing priorities and implementing the programs to achieve the sustainability goals. Conducting business goes beyond profit-making to ensure the wellbeing of our people and stewardship of our planet.

We focus on building the long-term resiliency of our business, deepening our understanding of the global business environment while mindfully assessing our operation’s future planetary implications.

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

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 FY2021 Annual Report or visit our website at https://www.delmontepacific.com/corporate-governance.

 

 

 

"Our vision of a sustainable future will only materialise through action taken today.”

Achim Steiner, UN Environment Programme

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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.

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Our materiality assessment had the following objectives:

  1. Identify the sustainability priorities, drawing on our knowledge of internal and external resources to compile a list of issues specific to the food industry. 

  2. Determine 30 environmental, social, and governance priorities across six categories to frame our discussion.

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  3. 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.

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  4. 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 Del Monte must address.

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  5. Map the critical issues to be prioritized.

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Our material priorities based on the independent assessment are as follows:

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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Stakeholder Inclusiveness

Our sustainability journey begins with our stakeholders, whom we nurture meaningful relationships with to provide a better understanding of the Group’s operations, strengthen collaboration, improve transparency, and resolve stakeholder concerns to identify potential risks and improve performance.

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


How We Engage Our Stakeholders

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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.

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Scope and Inclusive Period

The corporate sustainability team leads efforts to increase sustainability advocacy among stakeholders. Key leaders have also been updated on sustainability.

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.

This Sustainability Report covers our financial year FY2021, from May 2020 to April 2021. We have excluded our Indian joint venture business from this report since its contribution to the total business is not material.