Climate Change Data

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