Through active conversations with several stakeholder groups, we benefit from their diverse perspectives as we explore our solutions. We identify our stakeholders as any group or individual that Nutreco and Skretting affects through our activities, products and services or who, in turn, may affect Nutreco’s ability to achieve its goals.

Using this definition, we recognise six main stakeholder groups: Employees, government, external platforms for specific sustainability topics, food retail and services, academia and NGOs.

Nutreco’s Sustainability function is led by the company’s CEO. The Corporate Sustainability Director reports to the CEO and chairs the Nutreco Sustainability Platform (NSP). The NSP is where the sustainability aspects of our strategy are developed, and where sustainability issues are addressed. It is made up of five individuals, three of whom represent the businesses.

The functional directors in the Trouw Nutrition and Skretting business lines are responsible for the implementation of sustainability activities aimed at achieving the targets set out in RoadMap 2025, working with teams in our businesses throughout the world.

In anticipation of the sustainability reporting requirements outlined in the EU Directive in the CSRD, which will be in force for disclosures related to 2024, Nutreco decided in 2022 to move forward and perform a materiality assessment taking into account the double materiality principle. Double materiality in reporting accounts not only for how a company affects the environment and society, but also how the environment and society impact the company’s financial value. A sustainability topic meets the criteria of double materiality if it is material from the impact perspective (inside-out) and from the f inancial perspective (outside-in).