Sustainability

Report

For personal use only

2021

Contents

02

Chairman & CEO Address

08

Value creation

28

Environment

04

Scope of Report

10

Our Business Strategy

36

Community

05 Our Purpose, Values & Strategy

12

Governance & Risk Management

38

Stakeholder Engagement

personaluse only

About United Malt

16

People

39

Company Directory

06

For

A history of established brands

1823

1902

1912

1934

UNITED MALT SUSTAINABILITY REPORT 2021

For personal use only

Our Purpose

Creating ingredients

that bring people together

1995 1995 2013

01

UNITED MALT SUSTAINABILITY REPORT 2021

Statement
from the Chairman & the CEO

use only

We have a company-wide commitment to operate as a sustainable company and integrate sustainable actions in everyday operations as we embrace our commitment to zero harm. We will continue to develop plans and actions to progress our sustainability goals in the year ahead and we look forward

to reporting our progress in future periods.

Welcome to United Malt's second Sustainability Report.

These groups are responsible for establishing baseline data and

We continue to focus on embedding sustainability within our day

validation processes and facilitating the development of long-term

strategic objectives and goals supported by a program of works to

to day operations, emphasising safe, efficient and sustainable

deliver this strategy.

o erations while ensuring the management of our business is

consistent with our values and the expectations of our stakeholders

As part of this process, United Malt has commenced work towards

personal

aligning our climate change reporting with the Task Force on

and the communities in which we operate.

Following the publication of last year's report, we continued our

Climate-related Financial Disclosures (TCFD) and we look forward

to providing further updates on this initiative in future reports.

p ocess of engagement with internal and external stakeholders

to progress our sustainability agenda.

During FY21, we continued to adapt our operations to the ongoing

This effort included the ongoing review of the key risks and

impacts of the COVID-19 pandemic with our focus on the health,

safety and wellbeing of our employees and visitors to our sites.

pportunities relevant to our business, together with an

assessment of the materiality of these issues to our business

Our safety performance continued to improve from the prior year

which are detailed in this report.

with a reduction in the Recordable Injury Frequency Rate (RIFR)

For

to 1.42 compared to 1.45 in FY20. During the year, our safety

We have established specialist working groups across our business

management standard has been renewed to the global standard,

to develop and implement our sustainability strategy reflecting the

to ISO 45001, with ten sites across our network transitioning to

priorities identified through this initial materiality mapping process.

this management system.

02

UNITED MALT SUSTAINABILITY REPORT 2021

onlyOur commitment to promoting a diverse and inclusive workplace remains a priority and we are pleased to report continued progress towards our overall company-wide target of 35% female participation by 2025.

Our report also details the initiatives we have implemented across our business to reduce energy and water consumption and emissions from our production facilities. This includes the new Arbroath facility, which incorporates plant control systems that have been designed to incorporate energy

usemonitoring technology and process control that allows both consistent production quality and data-led analysis of energy consumption.

We continued to support the local communities where we operate through corporate donations, sponsorships,

f ndraising and volunteering activities. Collectively, United Malt donated approximately $100,000 in FY21 to a variety

of community and charitable causes, including cash donations

Key Facts

Scale of the organisation

~900

UMG has ~900 employees

$123.3m

EBITDA FY21

$1.2bn

Market capitalisation

at 30 September 2021

~17,000

of approximately $60,000 and over $40,000 equivalent in malt and other ingredients.

Our sustainability journey is one of continuous learning and improvement and while we recognise the significant progress made during the year, we equally recognise the amount of work still to be done.

We have a company-wide commitment to operate as a sustainable company and integrate sustainable actions in everyday operations as we embrace our commitment to

Processing

shareholders1

~1.25

Mtpa

malting capacity

personal

Zero Harm. We will continue to develop plans and actions to progress our sustainability goals in the year ahead and we look forward to reporting our progress in future periods.

Graham Bradley AM

Chairman and Non-Executive Director

ForMark Palmquist

Managing Director and CEO

12

processing plants

in Canada, US, Australia and the UK

Warehouse & Distribution

Full service offering

for craft brewers, distillers and food, including malt,

hops, yeast, adjuncts and related products

25

warehouses

Distributing throughout North America,

South America, Europe, Asia and Australia

1 As at 12 October 2021

03

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United Malt Group Ltd. published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 21:36:02 UTC.