Climate Change Data

Agri Resources Group S.A.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environmentally sustainable management of living natural resources and land use
  • Socioeconomic advancement and empowerment

Environmental Achievements

  • Ecocert Organic certification maintained for all leased land in Madagascar.
  • Planted 40,000 trees in agroforestry initiatives.
  • Preserved 20ha of residual forest.

Social Achievements

  • Created 424 jobs.
  • Trained 652 farmers in sustainable practices.
  • Partnered with Inside Madagascar for community development projects.

Governance Achievements

  • Implemented Agri Resources Group Plantations, Concessions and Farms (PCF) Code, Agri Resources Group Sustainability Policy, and Environmental and Social Management System (ESMS) in accordance with IFC Guidelines.

Climate Goals & Targets

Medium-term Goals:
  • Plant approximately 400,000 trees in the next 5 years.
Short-term Goals:
  • Develop an additional 70ha for vanilla production in Madagascar.

Environmental Challenges

  • Vanilla crisis in Madagascar due to bad practices and governance, leading to theft and reduced quality.
  • Need to mitigate risks associated with agricultural activities.
Mitigation Strategies
  • Sustainable agricultural projects, including land bank development and certification, collaboration with local farmers, and creation of a traceability system for vanilla.
  • Product diversification program to mitigate risks.

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing
  • Collaboration with local farmers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ICMA Sustainability Bond Guidelines, Green Bond Principles 2018, Social Bond Principles 2018, Sustainability Bond Guidelines 2018, Green Loan Principles 2018

Certifications: Ecocert Organic Production, Fairtrade

Third-party Assurance: V.E (Affiliate of Moody’s Corporation)

UN Sustainable Development Goals

  • SDG 2 (Zero Hunger)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 13 (Climate Action)
  • SDG 15 (Life on Land)

The company's initiatives contribute to these goals through sustainable agriculture, job creation, environmental protection, and community development.