Report Nutreco commits to sourcing sustainable ingredients
With its Vision 2020 sustainability strategy formally ending in January 2020, 2019 was a pivotal year for the company. Its Sustainability Report outlines it’s progress on completing its 2020 objectives and describes the process of developing its strategy for coming years.
About NutrecoWith over 100 years of experience, the company is a global leader in animal nutrition through their Trouw Nutrition division, and in aqua feed through the Skretting division. Their NuFrontiers team works to identify, develop and invest in next-generation breakthrough innovations throughout the value chain. In 2019, Nutreco had net revenues of €6.4 bn. The company is a subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of €19.2 bn. in 2019.
“We engaged a broad group of stakeholders inside and outside the company to help identify the key issues of concern to society within our value chain,” says Corporate Sustainability Director José Villalón. “Our RoadMap 2025 outlines how we will address the issues we expect to face over the next five years in a more target- and results-oriented way than ever before.”
The company’s ambitions for 2025 include a commitment to source sustainable ingredients, make manufacturing more efficient and develop products that address environmental concerns and its responsibilities to associates and communities, everywhere Nutreco operates.
Change is necessary
This year’s report once again features a section sharing how Nutreco addresses dilemmas around issues such as the trade-offs required when formulating environmentally friendly feed, the effectiveness of pre-competitive platforms and the complicated issue of legal deforestation – and the importance of cooperating across the industry to make progress. It includes an open letter to the government calling for change, asking legislators to modernize regulatory frameworks across the globe in order to take sustainable feed production into account.
Nutreco has drafted its report according to the Global Reporting Initiative (GRI) standards and includes a description of how the company is addressing the eight United Nations Sustainable Development Goals that management believes the company is best positioned to impact.