Throughout our 90+ years of history, our Company has strived to operate a sustainable business that produces quality products, creates jobs, acts with integrity and contributes to the economic, environmental and social well-being of the local communities we serve.
"Meeting the needs of the present without compromising the ability of the future to meet their needs."
Brundtland Commission, 1987
By embracing the Global Reporting Initiative (GRI) framework, we have now embarked on a journey towards a more holistic approach to social, environmental and economic performance. Sustainability has been firmly embedded in our annual plans and is one of five pillars driving our long-term strategic blueprint for growth. This commitment is reinforced by a dedicated function at Group level that reports to the Board of Directors. Each part of the Company is responsible for integrating sustainability in its operations and proposals.
Del Monte took a step forward in incorporating sustainability to strengthen our core business. The Group went through the process of identifying our material Environmental, Social and Governance (ESG) factors to prioritize the most important issues of our stakeholders. Identifying our sustainability priorities with respect to products, people, the environment, and governance issues relevant to our operation helps the Company prioritize what we need to work on that is relevant to our stakeholders. We engaged the services of a global independent consultant, a sustainability specialist firm, to ensure the independence of the material assessment process.
We believe in building future long-term resiliency for our business. New challenges and threats emerge. Our Company needs to continually understand these global issues and engage our stakeholders to identify key issues which affects our customers, the community where we operate, our employees, the environment and our ability to deliver a fair return to our investors. We continue to remain mindful of the impact of our activities on the future of our planet.
Our Company stands by our commitment to grow our business in a manner that sustains a healthy balance among diverse interests of all our stakeholders — our employees and their families, business partners, customers and host communities.
As a leading global food company, we have organised a Corporate Sustainability Team to develop strategic plans guided by the GRI framework and included corporate sustainability as part of the company’s strategic plan.
With the formalization of our sustainability efforts, we, together with our stakeholders, stand to reap greater benefits, both tangible and intangible. The sustainability framework should help the Company achieve its business objectives since sustainability benefits not only the environment and society, but also the business — people, planet and profit or the Triple Bottomline.
Sustainability is not just a business strategy, it is essential to our success. It is essential in strengthening our core!
We believe that conducting business is not just for profit but also for the betterment of people and stewardship of our planet. Sustainability is one of the strategic pillars in our long-range plan as a testament to our commitment to sustain our future through our sustainability goals.
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 of which implements and manages the programmes, addressing material priorities to achieve the sustainability goals. This brings to life our vision - Nourishing families. Enriching lives. Every day.
Understanding stakeholder transparency, we strive to ensure that Del Monte adheres to the highest governance standards in doing business. For more information regarding our governance principles, refer to pages 73-95 of our FY2020 Annual Report or visit our website at www.delmontepacific.com/corporate-governance
Materiality and Our Priorities
We completed an independent materiality assessment process to identify and assess our priorities with respect to products, people, the environment, governance, business and our stakeholders. We engaged the services of an independent global consultant, a sustainability specialist firm, to ensure the independent process of assessment.
Our materiality assessment had the following objectives:
1. Identify the sustainability priorities, drawing on our knowledge of our 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.
3. Conduct a survey with internal stakeholders, i.e. employees, regarding the business impact of sustainability issues, which includes the scope and breadth of the issue, possible risk and magnitude of its impact, current regulatory and statutory regulations, and concerns from consumers, customers, communities and the government.
4. Send a similar survey to key external stakeholders including business partners, customers, suppliers, lenders, government, industry and trade associations, certification bodies, non-government organisations, academe, and investors to determine the issues they would like Del Monte to address.
5. Map the issues for the Group to prioritise and address the most important issues.
Our sustainability journey begins with our stakeholders. We nurture meaningful relationships with our stakeholders to provide a better understanding of the Group’s operations, strengthen collaboration and engagement, improve communication and transparency, and identify and resolve stakeholder concerns.
The following outlines our key stakeholders and the manner in which we engage them and how they impact our operations. These stakeholder groups were identified according to their level of influence, interest and impact to the organisation.
The Group needs to engage to be more transparent, to respond directly to stakeholder concerns, to identify potential risks and improve performance.
We follow best practices and international guidelines in reporting our sustainability performance. The Group uses the Global Reporting Initiative (GRI) Sustainability Reporting guidelines as reference.
The Group has integrated the sustainability strategies and embedded them in the long-range plan. Our Quality Policy, Code of Conduct, Code of Business Ethics and Sustainability and Environmental Policies enable us to comply with the standards set by the GRI. This is closely monitored and reported, as illustrated throughout this report.
The Group’s companies are members of several sustainability-related organisations. For example, Del Monte in the United States is affiliated with the Stewardship Index for Specialty Crops, the US Environmental Protection Agency’s Pesticide Environmental Stewardship Programme, Food Waste Reduction Alliance and Sustainable Packaging Coalition. Both US and Philippine companies are members of the Supplier Ethical Data Exchange.
We focus on building the long-term resiliency of our business as we deepen our understanding of the global business environment while remaining mindful of the impact of our activities on the future of our planet.
We are guided by our vision, values and goals to provide health and wellness, environmental stewardship and employee welfare.
Scope and Inclusive Period
Fully acknowledging our responsibility towards the future, the corporate sustainability team leads our efforts to increase sustainability advocacy among our stakeholders. Key leaders have been oriented on sustainability.
Each business unit has identified its material sustainability issues by location which may differ from the Group’s material issues given the business model employed by the business units. As an example, our company in the Philippines does the cultivation, planting and harvesting of pineapples.
This Sustainability Report covers our financial year FY2020, from May 2019 to April 2020.