Donegal Investment Group plc
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Health & Safety
- Community & Social Performance
Governance Achievements
- Downsizing of Head Office in Letterkenny, relocating administration centre to Colab facility in Letterkenny ATU.
Climate Goals & Targets
Environmental Challenges
- Brexit uncertainty in cross-border trade.
- Unusual weather patterns disrupting supply and demand.
- Market demand fluctuations (excess supply/reduced consumer demand).
- Regulatory and compliance changes.
- Input cost inflation.
- Maintaining key customer relationships.
- Credit risk from counterparties.
- Foreign currency fluctuations (Sterling/Euro).
- IT systems and cybersecurity vulnerabilities.
- Retention of key personnel.
Mitigation Strategies
- Monitoring political and regulatory landscape post-Brexit.
- Multi-geographic growing platforms.
- Diversified product sourcing.
- Working with contract growers to mitigate weather conditions.
- Market monitoring and review.
- Monitoring and review of regulatory changes, employee training, and use of experts.
- Variability in supplier contracts.
- Focus on certified proprietary varieties.
- Developing and maintaining customer relationships.
- Regular credit limit reviews.
- Utilizing forward contracts to manage currency exposure.
- Information security policies and procedures.
- Regularly tested backup policies.
- Recruitment policies, management incentives, and training programs.
- Board composition and succession plans assessment by the Nomination Committee.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Unusual weather patterns