Tanmiah Food Company Maintains Progress in ESG Index for Second Consecutive Year, Upgrades to (BBB) Rating
Tanmiah Food Company (referred to as “Tanmiah” or “the Company”, listed on the Saudi Exchange with ticker 2281), a leading producer of poultry products, food manufacturing, fresh and chilled meat trading, feed products, animal health, and food franchise operations, has announced the successful upgrade of its MSCI ESG (Environmental, Social, and Governance) rating for the second consecutive year, reaching a (BBB) rating in 2025 for the food products industry. This follows its previous ratings of (BB) in 2024 and (B) in 2023. This achievement underscores the company's ongoing commitment to excellence in environmental, social, and corporate governance practices.
As of May 15, 2025, this rating places Tanmiah Food Company among the elite group of food production companies globally recognized for sustainable and responsible business practices—reflecting its distinguished international standing.
Key Highlights Behind the Rating Upgrade:
• Enhancing Governance to Create Long-Term Value
Tanmiah was praised for its pioneering approach to strengthening corporate governance, particularly through the formation of a board of directors with a majority of independent members, the establishment of strategic oversight frameworks, and the reinforcement of shareholder rights. In a landmark achievement, Tanmiah's board now includes the highest female representation among companies listed on the Saudi Exchange, with 40% of its members being women, surpassing MSCI’s global recommendation of a minimum 30%, and setting a new national benchmark for diversity and inclusion.
Emphasizing transparency, Tanmiah also published the first externally audited sustainability report in the poultry sector in Saudi Arabia, verified by one of the Big Four auditing firms. The company aims to continue this rigorous approach through independent and reliable disclosures, fostering stakeholder trust and setting a regional example in governance and accountability.
• Leadership in Social Responsibility
Tanmiah is now ranked among the top companies in food quality, in line with global industry leaders, according to MSCI evaluations. This distinction stems from its commitment to exceptional standards—from animal feed to final products—earning widespread recognition for its dedication to product safety and reliability. The company continues to exceed sectoral quality management requirements, and its main facilities have been awarded the ISO 45001 certification, underscoring its focus on consumer and employee health and safety.
Its innovative product lines, especially the "Asrar Al Taam" (Secrets of Flavor) range, have been well-received, catering to the diverse dietary preferences of families across different needs.
• Strict Environmental Commitment
Despite the inherent environmental challenges in the food sector—such as water stress and carbon emissions—Tanmiah continues to address these risks through efficient resource utilization initiatives. Leveraging an Environmental Management System (EMS), the company has strengthened waste management and precise carbon emissions tracking. One of its flagship efforts is the Million Tree Initiative, which recycles wastewater from agricultural facilities, highlighting its environmental stewardship.
These actions align with the goals of Saudi Vision 2030, reinforcing Tanmiah’s long-term commitment to sustainable growth and responsible production.
Tanmiah’s journey from a B rating to BBB in just three years demonstrates its position as a forward-thinking organization with deep awareness of ESG principles, enabling ongoing growth across all facets of its business.
This upgrade also serves as a testament to Tanmiah’s pivotal role in supporting Saudi Arabia’s Vision 2030 objectives and contributing to the country’s ambition to achieve net-zero carbon emissions by 2060, through its continued efforts in reducing environmental impact and advancing sustainable agricultural practices.
Source: www.zawya.com
