Strategy
At Agromillora, we are committed to Society and the Planet to continue developing the Sustainable, Efficient Agriculture of the Future
We have therefore identified the following pillars for developing our Sustainability strategy
These pillars are aligned with the concept of ESG (Environment-Social-Governance) factors and the GRI-GSSB (Global Reporting Initiative – Global Sustainability Standards Board) standard.
In July 2021, Agromillora also became a participating member of the United Nations Global Compact to contribute to achieving the Sustainable Development Goals (SDGs).
We’ve created a corporate sustainability committee to lead the integration of corporate social responsibility and sustainable development in our activities, products, and operations as a fundamental strategy for our organization.
The Corporate Sustainability Committee is composed of Senior Management representing different areas, and it is led by the Corporate Sustainability Director.
- CEO
- CFO
- COO
- Corporate Sustainability Director
- Corporate Legal Director
- Corporate HR Director
- Corporate Marketing & Communications Manager
- Corporate Development Director
Other members and experts from the Agromillora Group may also participate as guests.
The committee’s primary role is to lead the strategic development of sustainability in both the organization and the interrelation with the Environment, Society, and stakeholders.
To carry out the sustainability strategy, we have identified the different stakeholders relevant to our activity, as well as the fundamental issues for our organization within each of these strategic pillars.
- Developing the principles, coverage, and management approaches for each material issue identified
- Establishing and validating the commitments, policies, objectives, and indicators for each material issue.
- Ensuring that those responsible for each aspect of the strategy have adequate resources to achieve the goals set
- Tracking the specific actions for each material issue identified (processes, programs, initiatives, projects…)
- Monitoring and evaluating the performance of the sustainability strategy
- Ensuring that sustainability-related non-conformity or complaint processes are effective and efficient.
Stakeholders
The stakeholders taken into consideration were the following, classified into 2 tiers of relevance; the territories where we operate were considered at all times.
- Agromillora employees
- Senior Management at Agromillora
- Clients
- Distributors and Agents
- Shareholders and Members of the Board of Directors
- Suppliers
- Plant breeders
- Organizations and companies in the agro-industrial sector
- Society/community actors where we operate
- Governmental organizations
- Non-governmental organizations
- Capital markets agents (Banking – Investors…)
- Universities and research centers
- Partners in risk management (Insurers, insurance brokers…)
- Competency
We’ve carried out various surveys and market research with the various stakeholders, and we have determined the significance and prioritization of the material issues that will make up our sustainability strategy on a 2030 horizon.
Materiality Analysis
We’ve carried out an analysis and review of the significance of material issues using a double materiality value-impact methodology, where we evaluate the sustainability issues that influence the company’s value (of particular relevance for investors, capital markets, and creditors). We also assess the impacts on the economy, the environment, and individuals.
The material issues identified for each strategic pillar are the following:
- Climate Change – Carbon Footprint
- Responsible Water Management
- Circular Economy – Waste Management
- Biodiversity and Genetics
- Energy Efficiency
- Responsible Consumption
- Professional Development
- Working Conditions
- Equality and Diversity
- Occupational Health and Safety
- Society and Community
- Ethics, Legal Compliance, and Human Rights
- Corporate Risk Management
- Intellectual Property
- Alliances for Sustainability
- Transparency in Communication and Reporting
- Responsible Sourcing
- Products’ Sustainability Impacts
- Health and Safety of clients and consumers
- Innovation
Of the 4 strategic pillars set for Agromillora, we’ve captured the results of the evaluation in the following materiality map:
Regarding material issues, we’re determining their coverage (location and involvement in the identified impacts) and the different management approaches of each material issue, determining policies, commitments, objectives and goals, the responsible parties, resources, specific actions and performance, etc.
This way, we’re building our sustainability strategy by covering the fundamental aspects and the relevant stakeholders according to GRI.
