CORPORATE SOCIAL RESPONSIBILITY

Marel’s Board of Directors and Executive Team approved a corporate social responsibility guidance policy for the company in 2016. The policy, which implements the ISO 2600 standards, is now in effect. We are reporting on the company’s activities under the new corporate social responsibility policy for the second time.

Marel does not operate as a business in isolation but is part of a larger society in which we have responsibilities, duties and rights. Our approach is to go beyond simply complying with laws and regulations. We look at our contribution to society as a whole and how we can add value where we operate. Turning words into action, we are a signatory of the United Nations Global Compact. In 2017, we were also part of the NASDAQ Sustainable Markets Initiative for the first time and are following the NASDAQ ESG reporting guidelines.

In line with our corporate social responsibility guidelines, we continuously monitor how our operations and the systems and solutions we provide affect society, economies and the environment. Our relationship with the societies we operate in is symbiotic. We take responsibility for our actions and encourage our suppliers, agents, employees and customers to do the same.

MAREL CSR GUIDANCE POLICY

Social Responsibility

Social responsibility is a priority in our corporate culture. We are dedicated to providing a safe and healthy working environment with equal opportunities for all of our employees. When we engage with local communities, the focus is on innovation and education. Our employees have the right to freedom of association and we have a zero tolerance policy towards human rights violations and illegal labor conditions.

Environmental responsibility

Together with our customers and suppliers, we strive to increase yields and minimize waste in food production while promoting food safety, traceability, quality and animal welfare. Sustainability is a key goal in our innovation process. We focus on creating new methods that minimize environmental impact such as CO2 emissions and make the most efficient use of resources including raw materials, water and energy.

Economic responsibility

Our goal is to generate value for our partners and shareholders through fair trade practices. We seek to promote long-term profitability and good business practices along our entire value chain. Continuous improvements are made to make sure we are compliant with international law, anti-corruption rules and compliance regulations. We believe that all parties must contribute fairly towards the societies in which they operate.

NASDAQ ESG REPORTING GUIDELINES

In 2017, Marel participated in the NASDAQ Sustainable Markets Initiative for the first time and is following the NASDAQ ESG reporting guidelines.

Environmental Reporting Guidelines

Metric
2017
2016
E1
Direct and indirect GhG emissions
21,232 tCO2e
-
E2
Carbon intensity
20.44 kgCO2e Per 1000 €
-
E3
Direct and indirect energy consumption
28.7 GWh
26.2 GWh
E4
Energy intensity
83 KWh per m2
94.78 KWh per m2
E5
Primary energy source
Natural gas
-
E6
Renewable energy intensity
40% of total energy consumed
-
E7
Water management
-
-
E8
Waste management
-
-
E9
Environmental policy
Yes
Yes
E10
Environmental impacts
Yes
Yes

Social Reporting Guidelines

Metric
2017
2016
S1
CEO pay ratio
15.2:1
-
S2
Gender pay ratio
-
-
S3
Employee turnover ratio
12.18
13.7
S4
Gender diversity
15.4/84.6
15.3/84.7
S5
Temporary worker ratio
0.162
-
S6
Non-discrimination policy
Yes
No
S7
Injury rate
-
-
S8
Global health policy
Yes
Yes
S9
Child and forced labor policy
Yes
Yes
S10
Human rights policy
Yes
Yes
S11
Human rights violations
None
None
S12

Board diversity

42.1/57.9
All independent of Marel
42.1/57.9
All independent of Marel

Corporate Governance Reporting Guidelines

Metric
2017
2016
G1
Board - separation of powers
No
No
G2
Board - transparent practices
Yes
Yes
G3
Incentivized pay
No
No
G4
Fair labor practices
Yes
Yes
G5
Supplier code of conduct
Yes
Yes
G6
Ethics code of conduct
Yes
Yes
G7
Bribery/ anti-corruption code
Yes
Yes
G8
Tax transparency
No
No
G9
Sustainability report
Yes
Yes
G10
Other framework disclosure
Yes
Yes
G11
External validation assurance
Partial
Partial