Viterra Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate change
- Decarbonisation
- Responsible sourcing
- Traceability
- Safety
- Community investment
Environmental Achievements
- Reduction in greenhouse gas emissions and water consumption across operations
- Established a 25% intensity-based scope 1 and 2 emission reduction target by 2032
Social Achievements
- Exceeded 5-year total recordable injury frequency rate goal and reduced serious injury rate
- Successfully rolled out SafeAgri program across US and Mexico business
- $100,000 donation to the Emergency Medical Care and Disaster Centre in Kharkiv, Ukraine
- Support to The HALO Trust in Ukraine
- Partnership with the Canadian Foodgrains Bank to support hunger response initiatives
- Funding new classrooms built for disadvantaged children in rural India
Governance Achievements
- Established a Board ESG Committee
- Achieved a rating placing Viterra within the top ten of more than 100 agriculture companies assessed by Morningstar Sustainalytics
Climate Goals & Targets
Long-term Goals:
- Carbon net zero by 2050
Medium-term Goals:
- 25% intensity-based scope 1 and 2 emission reduction target by 2032
Short-term Goals:
- Not disclosed
Environmental Challenges
- Historic drought in Argentina impacting crop yields
- Dry conditions in North America leading to lower yields in the US and Canada
- Geo-political, logistical and environmental challenges
Mitigation Strategies
- Leveraging extensive origination network to source product from alternate locations
- Maintaining export program out of Ukraine and developing programs out of Eastern Europe
- Implementing improvement programs showing positive results in health and safety
Supply Chain Management
Responsible Procurement
- Supplier code of conduct requiring alignment with Viterra's standards, values, and policies, including no deforestation and respecting human rights
- "Know your counterparty" framework to screen suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Changing weather patterns
- Shifts in growing seasons and yields
Transition Risks
- Increased regulation
- Transitions in technology
- Societal expectations
Opportunities
- Low-carbon agriculture opportunities
Reporting Standards
Frameworks Used:
Certifications:
Third-party Assurance: Morningstar Sustainalytics
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- South Australian Large Business and Regional Exporter at the 2023 South Australian Premier’s Business and Export Awards