Ecofibre Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Impact
- Sustainable Hemp Industry Development
Environmental Achievements
- Developed /eco6, a carbon-negative replacement for carbon black, achieving 100% biobased content certification from the USDA BioPreferred Program.
- Established commercial hemp cultivation across 19 US states, aiming to support ~24,000 acres in 2023 and ~200,000 acres by 2028 to sequester one billion kilograms of carbon.
Social Achievements
- Completed the FREE HER study, showing over 90% of participants found Ananda Health's Endo Relief Cream helpful for pelvic pain.
- Donated $1 million annually of Ananda Hemp products through Katelyn's Gift program to provide affordable access to medicinal cannabis for children in Australia.
Governance Achievements
- Provided expert testimony at the US Congress' first hearing on industrial hemp, advocating for responsible regulation and industry growth.
Climate Goals & Targets
Medium-term Goals:
- Sequester one billion kilograms of carbon by 2028.
Short-term Goals:
- Sell planting seed to support ~24,000 acres of hemp growing in 2023.
Environmental Challenges
- Establishing a large-scale, effective industrial hemp supply chain across multiple US states.
- Creating sufficient demand for hemp-based products to meet the company's carbon sequestration goals.
Mitigation Strategies
- Investing in high-yielding hemp genetics, building a strong farming network, and developing advanced material processing capabilities.
- Targeting attractive commercial markets for /eco6, such as plastics, inks, and coatings, where sustainability is valued.
Supply Chain Management
Responsible Procurement
- Developing a strong farming network in the US.
Climate-Related Risks & Opportunities
Opportunities
- Carbon sequestration through hemp production.
Sustainable Products & Innovation
- /eco6