Climate Change Data

Providencia Public limited company

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:127,120,245 kg CO2e (Scope 1) + 2,010,009 kg CO2e (Scope 2) + 54,655,883 kg CO2e (Scope 3)
Scope 1 Emissions:127,120,245 kg CO2e
Scope 2 Emissions:2,010,009 kg CO2e
Scope 3 Emissions:54,655,883 kg CO2e
Renewable Energy Share:89.1%
Total Energy Consumption:164,680 MWh
Water Consumption:376,749,147 m³ (surface) + 376,279,606 m³ (groundwater)
Waste Generated:258,215 tons
Carbon Intensity:0.2064

ESG Focus Areas

  • Economic Performance
  • Governance for Sustainability
  • Climate Change Adaptation
  • Natural Resource Management
  • Providencia People
  • Productive and Resilient Suppliers
  • Engagement with Communities
  • Diversity, Equity, and Inclusion
  • Research and Innovation for Growth

Environmental Achievements

  • Completed strategic irrigation plan, reaching 19 high-efficiency irrigation units.
  • Planted 218,000 trees in tropical dry forest restoration project at Hacienda Piedechinche and 8,852 trees in the Ecological Park.
  • Reduced direct GHG emissions (Scope 1) by 18.9%
  • Achieved 89.1% renewable energy share of total power consumed.
  • Recycled 99.5% of all waste generated at the Providencia plant.
  • Reduced filter cake by 8.2% and ash by 10.68% compared to 2022.

Social Achievements

  • 3,861 people received education from early childhood to continuous education.
  • Supported young people through scholarships and renovated infrastructure in four educational institutions.
  • Trained 31 new community leaders in project management.
  • Total value of employee benefits was $17.674.620.712 pesos.
  • Increased average training hours per employee by 10%.

Governance Achievements

  • Implemented free competition program to generate a culture of regulatory compliance.
  • Established a whistleblowing channel and ethics line.
  • Continued implementation of programs for money laundering, terrorism financing, anti-corruption, and data protection.
  • 84% of highest governing body members were informed about anti-corruption policies.

Climate Goals & Targets

Long-term Goals:
  • Plant 500,000 trees in the Tropical Dry Forest ecosystem.
  • Reduce the carbon footprint by 51% by 2030.
  • Achieve a zero waste operational scheme.
  • Strengthen the culture of self-control and risk prevention of TBC (corruption risk).
Medium-term Goals:
  • 80% compliance with the training plan assigned from the UBITS platform.
  • Have 100% of conflict of interest declarations from the company's counterparties and evaluations of the counterparties in compliance with the requirements of the PTEE (Business Transparency and Ethics Program).
  • Strengthen the culture of self-control and risk prevention of TBC (corruption risk).
Short-term Goals:
  • Acquire an automatic alert signal monitoring tool for TBC and ML/TF.
  • 100% conflict of interest declarations from company counterparties.
  • Increase participation in the use of the E-Learning platform.
  • Start a diagnostic process to identify areas for improvement regarding equity, diversity, and inclusion.

Environmental Challenges

  • Environmental conditions resulting from the transition between La Niña and El Niño phenomena put agro-industry operations at risk.
  • Potential negative impacts related to social and environmental issues in the supply chain.
  • Need to improve employee adoption of new learning methods.
  • Potential salary disparities between men and women.
Mitigation Strategies
  • Strengthened strategies and set objectives for the coming years.
  • Implemented various programs related to the prevention of money laundering, terrorism financing, anti-corruption, and the protection of personal data.
  • Developed alternative sourcing strategies.
  • Implemented precision agriculture practices and efficient irrigation systems.
  • Developed a supplier prioritization matrix to identify and address negative environmental and social impacts.
  • Implemented training programs and initiatives to promote fair income distribution.

Supply Chain Management

Supplier Audits: 50 sugarcane suppliers evaluated for environmental and social impacts; 20 goods and services suppliers evaluated for environmental impacts.

Responsible Procurement
  • Clauses prohibiting child labor and forced labor in all commercial agreements.
  • Technical support, production improvements, and resource management for suppliers.
  • Training on environmental aspects, impacts, controls, and regulations for suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Decreased productivity due to climatic conditions.
Transition Risks
  • Regulatory changes affecting operations.
Opportunities
  • Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: GRI 2021

Certifications: Bonsucro, B Corporation, ISO 14064-1:2018

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 12
  • Goal 15
  • Goal 16
  • Goal 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Provicom organic fertilizer

Awards & Recognition

  • NUTRESA awards for exemplary supplier service
  • Coca Cola nomination for productive performance