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ADAMA's 2023 ESG Report: Significant Launches of Innovative, Sustainable Products and 14% Carbon Footprint Reduction
Tuesday, May 28, 2024
Maintaining commitment to the target of reducing Scope 1 and 2 carbon emissions by an average of 5% every year until 2030
BEIJING and TEL AVIV, Israel, May 20, 2024 /PRNewswire/ -- ADAMA Ltd. (SZSE 000553), a leading global crop protection company, today published its 2023 Environmental, Social and Governance (ESG) Report. The report details the company's commitment to transparency and incorporating several key standards from the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI).
https://mma.prnewswire.com/media/799829/Adama_Agricultural_Solutions_Logo.jpg
ADAMA maintains its commitment to the target of reducing Scope 1 and 2 carbon emissions by an average of 5% every year until 2030. The company has improved its rankings in several ratings agencies, receiving a "Bronze medal" from Ecovadis, which enables the company to join the Together for Sustainability community, an opportunity to drive tangible and measurable enhancements in various aspects of sustainability.
Steve Hawkins, President and CEO of ADAMA: "Throughout 2023, we remained focused and resolute on implementing our sustainability strategy. We prioritized the safety and well-being of our employees, customers, and communities, while delivering solutions that increase farmer's crop productivity, limit their environmental impact, and reduce our own carbon footprint. Our teams accomplished this by effectively embedding sustainability into the core areas of our business and viewing it as an integrated part of our product development, innovation process, and stewardship efforts. I am proud of the work we do and of the innovation we bring to address some of the biggest challenges faced by farmers today."
Oriella Ben Zvi, Head of Sustainability and Corporate Affairs at ADAMA: "The report marks a significant milestone in ADAMA's sustainability journey. Over recent years, we've continuously embedded sustainability into the core of our business strategy, operations, and decision-making processes. It showcases the collaborative efforts of ADAMA's teams in listening to the needs of farmers and customers, resulting in the development of an ever-growing number of innovative products that enhance farmer productivity while reducing their environmental impact. Our teams are always seeking to integrate new technologies to support both safer and more effective use of our products, and to make our operations more efficient, reducing our carbon footprint, water usage, and waste production. Moving forward, we will continue to strive for excellence, lead with purpose, and shape a company that we can all be proud of."
2023 ESG highlights:
-- Launched 59 new products, including 34 herbicides, 12 insecticides, 12
fungicides and 1 plant growth regulator, featuring:
-- Unique formulation technologies with enhanced product features such
as increased adhesiveness, rainfastness, and leaf penetration to
reduce environmental impact.
-- Increased use of biodegradable components that bring specific
beneficial sustainability characteristics.
-- Invested $342 million toward greener manufacturing operations over the
past three years, including in wastewater reclamation and reuse, air
quality and odor control, reduction of energy loss, and increase in
renewable energy usage, resulting to:
-- A 14% reduction in the absolute carbon footprint.
-- 10% of energy used is from renewable sources.
-- A 30% reduction in hazardous waste generation.
-- Reduced plastic usage in product containers and increased the use of
recycled plastic.
-- Continued to develop and launch new sustainable products powered by
advanced Formulation Technology Platforms - for example:
-- Araddo(®) - a more sustainable herbicide that won the prestigious
Best Formulation Innovation at the HIS Markit Crop Science Forum and
Awards.
-- Apresa(®) - a sustainability-first product with minimal carry-over
and exceptionally high safety standards, using ADAMA's proprietary
TOV formulation technology.
-- Feralla(®) - a low-dose molluscicide derived from natural minerals
and circular economy ingredients.
-- Biological solutions such as Actavan(®), a biological fungicide
based on plant extracts that stimulate the plant's immune system to
effectively prevent fruit rot.
-- Continued investing in employees development - More than 60% of ADAMA's
people use its online learning platforms in over 25 languages; more than
30% of all open positions were filled internally.
-- Promoting diversity, equity and inclusion (DE&I) - Updated the company's
DE&I policy and launched multiple new initiatives and educational
activities with hundreds of participants.
-- Proactively invested in our people's safety through more than 1,000 site
manager safety tours and hundreds of local safety programs in each
manufacturing site; significant improvement in both leading and lagging
safety indicators.
-- Presided over $2.1 million in community donations and approximately
4,900 volunteer hours (in Israel) during 2023 - running dozens of
educational and social programs throughout ADAMA's regions globally.
Read full report here: https://www.adama.com/en/sustainability
About ADAMA
ADAMA Ltd. is a global leader in crop protection, providing solutions to farmers across the world to combat weeds, insects and disease. ADAMA has one of the widest and most diverse portfolios of active ingredients in the world, as well as state-of-the-art R&D, manufacturing and formulation facilities. With a culture that empowers our people to listen to farmers and ideate from the field, ADAMA is uniquely positioned to offer a vast array of distinctive mixtures, formulations and high-quality differentiated products, delivering solutions that meet local farmer and customer needs in over 100 countries globally. For more information, visit us at www.ADAMA.com and follow us on LinkedIn, Facebook, YouTube and X(®).
ADAMA Contact:
Tal Moise
Public Relations
Email: pr@adama.com
Logo: https://mma.prnewswire.com/media/799829/Adama_Agricultural_Solutions_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/adamas-2023-esg-report-significant-launches-of-innovative-sustainable-products-and-14-carbon-footprint-reduction-302149995.html
SOURCE ADAMA Ltd.
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