Climate Change Data

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