Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable palm oil production
• Community development
• Environmental permits and compliance

Environmental Achievements

• Majority of planting on previously cultivated areas
• All environmental permits in place

Social Achievements

• Working with local communities; agreement with World Bank-backed Projet d'Appui au Secteur de l'Agriculture de Côte d'Ivoire project
• Employs over 300 staff – majority local management
• School renovation completed in 2015 and hospital renovation completed in 2016

Governance Achievements

• RSPO member - certification in process
• Working with Proforest, an internationally recognised consulting group, to implement social and environmental programmes

Climate Goals & Targets

Environmental Challenges

• Poor harvest year - 15% year on year reduction in local market FFB compared to 2017
• Weak global CPO prices - 21% fall in year on year CPO prices
• CPO price weakness remains the final key factor in operating performance recovery

Mitigation Strategies

• 12% decrease in general administration expenses
• Establishment of fourth logistics centre to facilitate delivery of local smallholder fruit to the mill
• Acquisition of external supplies of kernels for processing into PKO and PKC from mills without the capacity to do this
• Premium pricing achieved for CPO - average realised CPO selling price of €542 in 2018, 7.5% premium to international prices of €504
• Implementation of programme to enable farmers to apply fertilizer and potentially double yields
• €7.2 million 10-year senior secured loan facility to refinance loan, support ESG activities and growth initiatives

Supply Chain Management

Responsible Procurement

• Relationships with 3,000 small holders and several cooperatives

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: RSPO