Tracking environmental goals, measuring impact of sustainability programs and contributing to our transparency through comprehensive sustainability reporting. These are essential to our Purpose at ofi to be the change for good food and a healthy future.
We therefore report on progress against our goals and 2030 targets via our parent company’s Annual Report.
We use the Global Reporting Initiative as a framework.
We are voluntarily reporting against the Taskforce on Nature‑related Financial Disclosures (TNFD) framework to understand and communicate our nature‑related dependencies, impacts, risks and opportunities across our business.
We also report annually against specific product strategies – Cocoa Compass, Coffee LENS, Nut Trails and Dairy Tracks.
We further voluntarily report on the Taskforce on Climate-related Financial Disclosures (TCFD) as well as other Additional Sustainability Disclosures prepared in accordance with Global Reporting Initiative (“GRI”) Standards (2021).
Finance for Sustainability Function (F4S) ofi's team that leverages the expertise of Finance and Accounting to help address supply chain sustainability issues, has also developed the ofi Integrated Impact Statement (IIS), a tool for multi-capital accounting. In 2019, F4S developed the IIS for the cocoa business to support the Cocoa Compass sustainability strategy.
As well as company annual reporting, we regularly report on how we’re performing against other initiatives like CDP (Climate, Water & Forests) and product-specific initiatives such as the Cocoa and Forests Initiative.
Delivery of our Choices for Change strategy and targets is included in ofi’s performance scorecard and contributes to incentive awards for senior managers.
On-farm emissions in our supply chains—Scope 3—are by far the biggest contributor to our own footprint. To reduce emissions, we work closely with farmers to incentivize and implement climate-smart measures, and our award-winning Carbon Scenario Planner—built into our sustainability sourcing system, AtSource allows us to model and recommend the most cost-effective methods.
Don’t just take our word for it – here is a selection of third-party assessments from sustainability forums and organizations showcasing our performance in creating sustainable supply chains.
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If you’ve got questions about sustainability for your business or want to work with us to contribute to environmental aims, we’re here to help.
