Indian Food Industry Benchmarking Report 2022
Based on the toolkit and framework developed by Food Foundation (UK) and the World Benchmarking Alliance (WBA), the Food Future Foundation undertook an exercise to benchmark over 50 food and agriculture businesses in India. For this exercise, the data was collected for 45 pre-defined indicators (12 Environmental, 24 Social, 3 Governance & Strategy, and 6 Nutrition) that feed into a pre-established scoring methodology developed for the 2021 World Benchmarking Alliance (WBA)’s Food & Agriculture benchmark and used by The Food Foundation for the last four years to benchmark the food industry in the UK.
The data has been will be captured from disclosures publicly available on the company’s website and include sustainability reports, integrated reports, policies and statements, press releases, etc. Data collection and analysis for this have been done by SG Analytics, a market leader in ESG data and analytics services.
A total of 53 companies were included in this exercise. This included 38 publicly listed companies and 15 private companies. While, half of these companies (26) were food and beverage manufacturers, agriculture input companies (7), food retailers (4), agriculture products and commodities (9), dairy and animal protein (4), and food-service companies (3) have also been included in this report. This provides an overview of the entire food and agriculture landscape of the country.
As a way forward, the Food Future Foundation is partnering with CII-FACE for building capacity for benchmarking through sensitization programmes and workshops and promoting benchmarking practices and recognizing role models in India.
For more information on the benchmarking exercise and the way forward please reach out at email@example.com