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.