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).
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
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SOURCE ADAMA Ltd.