Climate Change Data

Vitafoods Europe

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Nutrition Resilience
  • Supply Chain Traceability and Transparency
  • Workforce Diversity in Genomics Research
  • Consumer Attitudes towards Microalgae
  • Climate Change Impacts on Agriculture
  • Cost of Sustainable Change for Businesses
  • Corporate Sustainability Due Diligence

Environmental Achievements

  • Promoting seaweed cultivation for sustainable nutrition, biodiversity restoration, and carbon sequestration.
  • Developing biofortified beans that improve soil fertility and reduce the need for chemical inputs.
  • Utilizing water lentils as a sustainable and highly productive plant protein source.
  • Plant cell cultivation of saffron to bypass agricultural constraints and reduce environmental impact.

Social Achievements

  • Addressing hidden hunger in Colombia through biofortified beans, improving nutritional security and income for coffee farmers.
  • Improving traceability and transparency in the tea supply chain through Solidaridad's SoliTrace technology.
  • Highlighting the importance of including individuals of African descent in genomics research to address health disparities.
  • Promoting water lentil cultivation to create jobs and improve nutrition in sub-Saharan Africa.

Governance Achievements

  • Partnering with Solidaridad to promote sustainable and equitable supply chains.
  • Conducting surveys to assess consumer attitudes towards sustainability and microalgae-based foods.
  • Publishing a report on the preparedness of the supplement sector for environmental sustainability.

Climate Goals & Targets

Environmental Challenges

  • Meeting the growing global demand for food without causing environmental damage.
  • Hidden hunger and micronutrient deficiencies in vulnerable populations.
  • Lack of traceability and transparency in global supply chains.
  • Disparity in genomics research representation, particularly for African populations.
  • Consumer hesitation towards microalgae-based foods.
  • Climate change impacts on agricultural yields and supply chains.
  • High cost of sustainable change for businesses.
  • Upcoming Corporate Sustainability Due Diligence Directive (CSDDD) compliance.
Mitigation Strategies
  • Promoting seaweed cultivation as a sustainable food source.
  • Developing biofortified beans to address micronutrient deficiencies.
  • Utilizing water lentils as a sustainable and highly productive protein source.
  • Implementing plant cell cultivation for high-value ingredients.
  • Improving traceability and transparency in supply chains.
  • Increasing diversity in genomics research.
  • Educating consumers about the benefits of microalgae.
  • Addressing cost barriers to sustainable change through collaboration and government support.
  • Preparing for CSDDD compliance through supply chain mapping and stakeholder engagement.

Supply Chain Management

Responsible Procurement
  • Promoting sustainable sourcing practices.
  • Ensuring traceability and transparency.

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change impacts on agriculture.
  • Water scarcity.
Transition Risks
  • Increased costs of sustainable change.
Opportunities
  • Developing sustainable food sources.
  • Creating climate-resilient agricultural practices.

UN Sustainable Development Goals

  • SDG 2: Zero Hunger
  • SDG 3: Good Health and Well-being
  • SDG 13: Climate Action
  • SDG 14: Life Below Water
  • SDG 15: Life On Land

Initiatives contribute to these goals through sustainable food production, improved nutrition, climate change mitigation, and biodiversity conservation.

Sustainable Products & Innovation

  • Seaweed-based products.
  • Biofortified beans.
  • Water lentil protein.
  • Plant cell-cultivated saffron.