Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change Adaptation and Resilience
• Responsible Agriculture and Land Use
• Inclusive Culture and Gender Diversity
• Safety, Health, Well-being, and Environment
• Stakeholder Value Creation

Environmental Achievements

• Reduced total fuel consumption by 19.48% (petrol) compared to the prior period.
• All atmospheric emissions were in the blue category (environmentally safe) in line with EMA regulations.
• Significant progress towards achieving goals in responsible sourcing with 100% of suppliers complying with policies.

Social Achievements

• Increased the number of female employees by 4% in 2023.
• Reduced staff turnover by 50% compared to 2022.
• Implemented various supportive measures to cushion staff from socio-economic challenges.
• Contributed positively to improved food security, enhanced agricultural productivity, empowering contracted growers, knowledge sharing and capacity building, employment generation, and fiscal revenue generation.

Governance Achievements

• Continued to set fundamental principles of business conduct and nurtured the Group’s business and social culture.
• Maintained a strong commitment to compliance with applicable laws and regulations.
• Implemented a robust risk management framework to identify, evaluate business risks and opportunities.

Climate Goals & Targets

Environmental Challenges

• High inflation rate leading to low purchasing power and loss of value.
• Climate change effects (drought and floods) causing reduced crop yields and low seed demand.
• High operating costs due to hyperinflation.
• Cybersecurity threats.

Mitigation Strategies

• Aligned prices to market-determined exchange rates, implemented government subsidies, and cost management strategies.
• Developed climate-smart and drought-tolerant seed varieties.
• Implemented grower transformation initiatives.
• Followed WHO guidelines, vaccination, sanitization, and work-from-home policies to mitigate COVID-19 impacts.
• Implemented cost management, variance analysis, budgetary discipline, and purchasing policies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Thorough supplier evaluations
• Promotion of ISO certified companies
• Regular review of suppliers on environmental and social impacts
• Implementation of a supplier rating system
• Return of non-compliant goods
• Negative rating of non-compliant suppliers
• Maintaining good relations with compliant companies
• Prioritizing companies with good ratings
• Signing long-term contracts

Climate-Related Risks & Opportunities

Physical Risks

• Increased temperatures
• Frequent droughts
• Floods

Transition Risks

• Not disclosed

Opportunities

• Development of climate-smart seed varieties

Reporting Standards

Frameworks Used: GRI Standards, King IV Code

Certifications: Null

Third-party Assurance: KPMG Chartered Accountants (Zimbabwe)

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 4: Quality Education

Seed Co's business model, ESG pillars, and CSR activities contribute to these goals through providing innovative seed solutions, promoting sustainable agriculture, supporting communities, and investing in education and health initiatives.

Sustainable Products & Innovation

• Climate-smart seed varieties
• Drought-tolerant varieties
• Disease-resistant varieties

Awards & Recognition

• Not disclosed