“We are delighted to have introduced IFFCO’s first Environment, Sustainability and Governance (ESG) report, a significant step on our journey towards our sustainability goals. The past year has been marked by many significant challenges, including disruptions to global value chains resulting from conflicts and climate change, which have impacted the production of agricultural commodities and created water scarcity issues in many of the regions where IFFCO operates. However, as a responsible enterprise, we understand the importance of responding to challenges with resilience and innovation, and we remain committed to putting sustainable practices in place across our operations and value chains.
“Our sustainability agenda includes speeding up our efforts to help reduce greenhouse gas emissions from land use change and other impacts, enhancing endeavours to work towards zero deforestation in crucial crops, decreasing waste generation, using packaging with a lower environmental impact, addressing water scarcity, and more.”
As part of this vital journey, we have set significant targets to be met by 2025 under our “Planet, People, and Product” pillars, one example of initiatives to accelerate our progress is THRYVE™, our pioneering plant-based meat venture and the first of its kind to launch in the Middle East region. Thryve™ focuses on regenerative agriculture, local manufacturing, initiating a cultural shift towards a sustainable and healthy food chain in the Middle East. We earnestly believe a plant-based protein diet can lead to a much more resilient, renewable, and healthy supply chain.
Also, this year, our partnership with HSBC has helped provide Sustainability-Linked Financing to support the supply chain, earning three “HSBC Living Business Awards,” including the Country Winner for Best ESG Project in the UAE, Best Governance Project, and Best Supplier Engagement category, along with other achievements which are outlined in the ESG report, which we are proud to have accomplished as a team.
Sustainability lies at the heart of IFFCO’s future, so we are unwavering in our commitment to continue contributing to transforming the world’s food systems, addressing significant environmental challenges, and positively impacting our value chain. Our ESG strategy will inspire thought-provoking discussions, knowledge sharing, and strengthened collaborations with our stakeholders. We look forward to continuing this journey together as we collectively contribute to building a more sustainable and equitable world.”
