Since listing in October 2014, RFG has been on a strong acquisition drive, with the result that the report reads more like a prospectus for acquiring and absorbing divisions, than it does as an account to shareholders of how it is building value across all its capitals. The result is that the Integrated Report deals only superficially with GELSCE issues. Most material issues are either missing (such as skills development, internal economic equity, human rights in the supply chain and local economic development in its operating communities), or given only cursory treatment, such as its environmental impacts. The single exception is a high-level report where leadership acknowledges the business’ inherent vulnerability to fluctuating climatic conditions.

See the executive summary for a more complete overview of FarSight’s analysis for Rhodes Food Group. Buy our full report for detailed analysis and supporting discussion.