ESG GAP Assessment

Conducted by SGS (A global leader in testing, inspection, and certification: sgs.com)

Companies conduct ESG (Environmental, Social, and Governance) gap assessments to identify the gap between their current ESG practices and performance and their desired ESG performance. The assessment helps companies to identify areas where they can improve their ESG performance and better align with their ESG goals and develop an ESG roadmap to help the client enhance its ESG journey.

The assessment typically involves a review of the company's policies, practices, and performance related to environmental sustainability, social responsibility, and corporate governance. This can include a review of factors such as greenhouse gas emissions, waste management, labour practices, diversity and inclusion, executive compensation, and board structure, among other factors.

The ESG gap analysis process involves 3 steps:

1. Conducting an industry and country analysis to identify the most material ESG topics relevant to the company's operations and stakeholders.

2. Benchmarking the company's ESG performance against that of its peers and competitors based on publicly available information.

3. Conducting desk research and interviews with relevant stakeholders based on an internal methodology developed by the company to gain a deeper understanding of its ESG performance and practices. Overall, the ESG gap analysis is a comprehensive process that helps companies identify areas for improvement and develop an action plan to improve their ESG performance. From here the company is awarded a maturity score and a suggested roadmap or action plan to ultimately achieve its goals.

Woodlands Dairy was awarded a Mature score. In the context of ESG (Environmental, Social, and Governance), a "mature" score typically indicates that a company has made significant progress in addressing ESG risks and opportunities and has established robust ESG practices and policies. Furthermore, it suggests that Woodlands Dairy has integrated ESG considerations into its business strategy and decision-making processes and has demonstrated a commitment to responsible and sustainable business practices.

It also suggests that the company has established appropriate governance structures, is transparent about its ESG performance, and is actively engaging with stakeholders on ESG issues. Overall, our ESG score is a positive indication that Woodlands Dairy is taking proactive steps to address ESG risks and opportunities and is likely to be more resilient and sustainable in the long term.