Seprod Limited
Climate Impact & Sustainability Data (2016)
Reporting Period: 2016
Environmental Metrics
ESG Focus Areas
- Employee well-being
- Community investment
- Food safety and quality
- Sustainable growth
- Innovation
Environmental Achievements
- Avoided material losses in sugar operations
- Invested over $700 million in factory upgrades and irrigation systems
- Implemented FSSC 22000 certification program (Food Safety System) aiming for full implementation by 2018
- Achieved ISO 9001 (Quality) Certification across all facilities by 2018
Social Achievements
- Launched employee recognition program "Phenomenal Women"
- Increased exports
- Invested in employee development
- Community engagement through Seprod Foundation
Governance Achievements
- Corporate Governance Charter established and reviewed
- Audit Committee oversight of financial statements
- Quarterly meetings of Audit Committee with independent and internal auditors
Climate Goals & Targets
Medium-term Goals:
- Grow exports by over 50% annually
Short-term Goals:
- Deliver revenue and operating profit growth in 2017
- Achieve break-even in sugar operations
- Increase milk production through partnerships with dairy farmers
Environmental Challenges
- Losses in sugar operations (though reduced in 2016)
- Negative economic growth in CARICOM (except Guyana)
- Lack of foreign exchange in CARICOM
Mitigation Strategies
- Restructuring in 2015
- Investment in factory upgrades and irrigation systems
- Focus on innovation and exports
- Seeking acquisition opportunities and partnerships
- Driving export growth (aiming for >50% annual growth)
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Heavy Cream
- Evaporated Milk
- Condensed Milk
- Lactose Free Milk
- Consumer Packaged Sugar
Awards & Recognition
- Most Informative Booth at Expo Jamaica