In January 2020, Ethical Consumer downloaded the Princes 'Business Report 2018/19' to find information on its environmental reporting.
The report contained information on water usage, energy, food waste and packaging. For a food company Ethical Consumer would also expect to find information on agricultural inputs such as pesticides and fertilisers, land management, raw ingredients, transportation and refrigeration. Princes was not considered to have demonstrated a reasonable understanding of its main impacts.
The report had two quantified future-dated environmental reduction targets:
- Reduce primary energy from group controlled sites manufacturing sites by 10% by 2020 (measured by case produced from baseline 2014/15).
- Reduce food waste in operations by 50% by 2030 (from May 2019).
The report did not appear to be independently verified.
As Princes had a report dated within two years and two future-dated quantified targets, but did not have reasonable understanding of its environmental impacts nor its report independently audited, it received a middle rating for Environmental Reporting and lost half a mark in this category.
Princes Annual Report 2018-19 (12 March 2019)