Climate Change Data

Environmental Metrics

ESG Focus Areas

• Food security
• Expanding middle class
• Import substitution
• Financing need
• Labor and working conditions
• Resource efficiency and pollution prevention
• Community health, safety and security
• Land access, use and acquisition
• Biodiversity and ecosystem services
• Biosecurity
• Climate change
• Animal welfare
• Supply chain
• Indigenous Peoples and cultural heritage

Climate Goals & Targets

Environmental Challenges

• Failure to comply with labor laws and regulations
• High accident and incident rates
• Excessive expenditure on energy, water supply, managing emissions, solid waste and wastewater quality
• Climate change causing increased weather risks
• Poorly managed social impacts and/or community relations
• Incomplete understanding of formal and informal arrangements that communities have for the use of land
• Negative impacts to local biodiversity
• Loss of clients or inability to access markets due to concerns over products’ carbon footprint
• Negative impact on product quality, access to some markets and a company’s reputation and/or revenues
• Reputational and business continuity risks linked to the sourcing of agricultural inputs from unsustainable supply chains

Mitigation Strategies

• Undertake appropriate Environmental and Social Due Diligence (ESDD) on all prospects
• Develop an appropriate Environmental & Social Action Plan (ESAP)
• Implement procedures to monitor and measure the effectiveness of the action plan
• Develop an ESMS appropriate to the nature and scale of the Investment
• Assess and manage E&S risks and opportunities
• Identify and appoint technically competent people to manage E&S aspects
• Develop procedures and practices
• Periodically review and improve procedures and practices
• Communicate with investors and other stakeholders
• Develop an appropriate Stakeholder Engagement Plan and grievance recourse mechanism

Supply Chain Management

Responsible Procurement

• Verification practices to evaluate primary suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Increased weather risks (e.g. flood, drought, heat wave)
• Changes in temperature range and increased incidences of extreme weather

Transition Risks

• Increasing regulatory compliance costs from new regulations introduced for certain production systems

Opportunities

• Improved crop resilience, production and yields through good management of soil and water resources

Reporting Standards

Frameworks Used: IFC Performance Standards, African Development Bank Operating Standards, DGGF ICSR principles, UN Global Compact, Ruggie Principles, Global Reporting Initiative, Social Accountability 8000, ILO, OECD Guidelines, Nigerian Environmental Law, Nigeria labour laws, Nigerian Sustainable Banking Principles, CDC Code of Responsible Investing, KFW Sustainability Guidelines, DGGF ESG Policy, United Nations Guiding Principles on business and human rights (UNGPs), FMO Exclusion list, European Development Finance Institutions (EDFI) Exclusion List, Voluntary Guidelines on Responsible Governance and Tenure