2022
Sustainability
Report
Contents
1 We are a global crop protection and seed
We are Nufarm | 6 | |
We contribute to sustainability | 7 | |
2 | We pursue sustainable product | 8 |
growth and innovation | ||
We help farmers get more from | ||
their land | 9 | |
We are innovating for a | ||
sustainable future | 10 | |
We practise responsible product | ||
stewardship | 15 | |
3 | We are responding to | 16 |
climate change | ||
We are helping to solve for a | ||
changing climate | 17 | |
Our progress on Taskforce on | ||
Climate-related Financial | ||
Disclosures (TCFD) | 19 | |
We are reducing our greenhouse | ||
gas emissions | 22 | |
4 | We are reducing our | |
environmental footprint | 24 | |
We take a risk-based approach | ||
to environmental management | 25 | |
We strive to use materials | ||
responsibly and avoid waste | 26 | |
We continue to reduce | ||
air emissions | 28 | |
We have reduced our | ||
energy consumption | 29 | |
We use water for production | 30 | |
We contribute to better | ||
biodiversity outcomes | 31 | |
5 | We prioritise health, safety | 32 |
and wellbeing | ||
We prioritise safety above all | 33 | |
We manage hazardous | ||
chemicals responsibly | 35 | |
We continue to strive for our | ||
zero injury goal | 36 | |
We make health and | ||
wellbeing matter | 37 | |
6 | We empower our people | 38 |
Our workforce is global | 39 | |
We value inclusion, diversity | ||
and equality | 40 |
We attract and retain | ||
diverse talent | 42 | |
We pursue positive labour relations 44 | ||
7 | We conduct our business | 45 |
with integrity | ||
Our governance framework | ||
demonstrates accountability | 46 | |
We have a skilled board | ||
of directors | 47 | |
We promote responsible and | ||
ethical behaviour | 48 | |
We have an integrated risk | ||
management approach | 50 | |
We comply with laws | ||
and regulations | 51 | |
8 | Appendices | 52 |
Material sustainability topics | 53 | |
Our approach to stakeholder | ||
engagement | 55 | |
Entities included in this report | 56 | |
GRI content index | 58 | |
TCFD index | 63 | |
Restatements of information | 64 | |
Our ESG data | 65 | |
Assurance statements | 84 | |
About this report
The information in this report relates to Nufarm Limited and its wholly owned subsidiaries. Nufarm is publicly owned and listed on the Australian Securities Exchange (ASX), symbol NUF.
Nufarm prepares an annual sustainability report which aligns with our financial reporting year. The report covers the 12-month period ending
30 September 2022, which we refer to as 'FY22', '2022' or 'this year'.
This report was approved by Nufarm's board risk and compliance committee and published on 31 January 2023.
Our head office is:
Nufarm Ltd
103-105 Pipe Road Laverton North, VIC 3026 Australia
For information about this report, contact:
Phone +61 3 9282 1000
page 10 | page 19 | page 65 |
Our sustainable solutions | Our climate change disclosures | Our ESG data |
Nufarm Limited | Sustainability Report 2022 | 2 |
A message from our Managing Director and CEO
"Nufarm is well-placed to deliver the agricultural innovation essential to enabling our industry to meet some of the world's most complex challenges."
The global challenge
During our financial year 2022, the world's population hit 8 billion and is growing by more than 200,000 people a day. A rising global population means we need to produce 56 per cent more food by 2050.
Accelerating agricultural innovation is essential to sustainably meeting the nutrition and energy needs of a growing population and rapidly changing economies. So too is utilising technology that has vastly improved agricultural productivity in recent decades that has helped feed billions, such as crop protection products.
Nufarm is well-placed to deliver the agricultural innovation essential to enabling our industry to meet some of the world's most complex challenges. Our solutions improve agricultural sustainability
by allowing farmers to produce more from existing farmland.
The challenge ahead of us is to strengthen the sustainability of agriculture without jeopardising the supply of food, fibre and fuel.
Progress in a year of disruptions
The world was impacted by significant global supply chain disruptions throughout 2022 due to the Ukraine conflict, severe weather events and coronavirus pandemic.
These disruptions highlight the importance of what we do: help farmers grow the crops that feed and clothe us and, increasingly, provide us with new sources of renewable energy. The disruptions also reminded us of the importance of strengthening food and fuel security to protect people's livelihoods and wellbeing.
We made tangible progress towards achieving our sustainability targets. We have reduced our greenhouse gas emissions by
13 per cent since FY20 as part of our efforts to reduce scope one and two emissions from our manufacturing sites.
We also progressed our climate disclosures in line with the Taskforce on Climate-related Financial Disclosures (TCFDs). Since FY20 we have lowered our environmental impact through hazardous waste and volatile organic compound emissions reductions of 14 per cent and 11 per cent, respectively. And the company continued to focus on ensuring our employees feel empowered and go home safely.
Beyond our operational improvements, we have made great progress in delivering innovative solutions to farmers to improve agricultural sustainability. In October 2022, and after years of development work, we launched our DropzoneTM herbicide specially formulated to manage spray drift, improve product efficacy and reduce the impact to off-target areas.
Our advanced seed technology such as Nuseed Carinata will help us meet the rapidly rising demand for renewable feedstocks that provide a low-carbon alternative to transition away from fossil fuels. Nuseed Carinata provides transport sectors, especially shipping and aviation, with a non-food, sustainable and scalable source of energy to help replace fossil fuels.
And our partnership with CROP.ZONE® has led to the development of an alternative solution to chemical-based weed control and crop desiccation, reducing the chemical load on the environment.
Meeting future needs
We have come a long way in harnessing the power of plant science to help farmers withstand the pressures of weeds, pests and diseases.
Crop protection products, for example, safeguard crops from the moment they are sown until they are harvested. These proven tools help farmers protect their crop yields from more than 40,000 species of weed and plant-eating insects. Protecting crops from these threats is important to the future of agricultural sustainability and preventing unnecessary food loss.
In 2023 and beyond, Nufarm and its partners will build on this legacy of innovation to pioneer new technology and develop new markets to accelerate the sustainable production of food, fibre and fuel.
Our 2022 sustainability report outlines our priorities, progress and plans as we continue on this journey. The report also includes additional disclosure against the Global Reporting Initiative (GRI) sustainability reporting standard and the Taskforce on Climate-related Financial Disclosures (TCFD).
Underpinning this report and our approach is a belief in technology, innovation and collaboration to advance sustainable agriculture and support farmer livelihoods. We look forward to working with diverse stakeholders to turn these formidable challenges into opportunities for people and the planet.
Greg Hunt
Managing Director and CEO
Nufarm Limited | Sustainability Report 2022 | 3 |
Our performance
Our purpose, to help our customers grow a better tomorrow, reflects our ambition to deliver a more sustainable future that benefits our customers, communities and the environment, with products that support sustainable agriculture.
This year we advanced our climate ambitions and made progress towards achieving our sustainability goals against our FY20 baseline.
Safety1
0.81 | Lost time injury |
frequency rate | |
3.07 | Serious injury |
frequency rate |
Climate2
13% TCFD
Greenhouse gas emissions
Target: 30% reduction in our scope 1 and 2 emissions from our manufacturing sites by 2030
Progressed climate disclosures in line with Taskforce
on Climate-related Financial Disclosures
Environment3
14% | Hazardous waste | People | ||
Target: 20% reduction by 2025 | 27% | |||
11% | Volatile organic | |||
compounds to air | 79 | |||
Target: 25% reduction by 2025 | ||||
5/10 | ISO14001 Certification | |||
Target: All manufacturing sites |
certified by 2025 (excluding Cairo)
Women
Target: No less than 35% of either gender by 2025
Employee engagement
Goal: 78
Dynamic arrows compare FY22 performance with FY21
- The lost time injury frequency rate is the number of days of work lost due to workplace injury, per million hours worked. The serious injury frequency rate is the number of serious injuries per million hours worked. Both metrics include Nufarm employees and contractor injuries.
- Our greenhouse gas emissions target and our FY22 performance are absolute reductions across our crop protective manufacturing sites, from our FY20 baseline.
- Our hazardous waste and volatile organic compound emissions to air targets and our FY22 performance are absolute reductions across our crop protection manufacturing sites from our FY20 baseline.
Nufarm Limited | Sustainability Report 2022 | 4 |
2. We pursue sustainable product growth and innovation
3. We are responding to climate change
4. We are reducing our environmental footprint
5. We prioritise health, safety and wellbeing
6. We empower our people
7. We conduct our business with integrity
8. Appendices
1 | We are a global crop |
protection and seed | |
technology company | |
Nufarm Limited | Sustainability Report 2022 5 |
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Nufarm Ltd. published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 01:06:00 UTC.