Please use this form to submit your evaluation for Supplier Engagement
Background of organisation, values and goals: Extent to which a brief overview of the background of the organisation, the core values, how these relate to ESG & why the organisation aims to be involved in ESG are provided.
Provide a brief overview of the background of your organisation, and how and why your organisation aims to be involved in ESG.
Established in 1975, IFFCO is a UAE based international group, that manufactures a well-integrated range of mass-market food products, derivatives, intermediates and services. Incorporating ESG in our strategy will result in more resource-efficient and deliver positive impacts across the value chain
Summary of project: Extent to which a clear summary is provided on the project outlining the objectives, impacts & results as well as the benefits this has had to the organisation & particular team involved in the project.
Provide a clear summary of your project outlining the objectives as well as the benefits this has had to your organisation and particular team involved in the project.
HSBC has issued sustainability-linked financing to PT. Synergy Oil Nusantara (PT.SON), IFFCO's major business unit in Oils & Fats, located in Indonesia. PT Bank HSBC Indonesia converted PTSON's existing USD 67 million conventional trade finance facility into a Sustainability linked Trade Finance (SLTF) and HSBC Amanah Malaysia, converted PTSON's USD 33 million off-shore term financing into a Sustainability Linked Facility (SLF). This first of its kind transaction for HSBC and IFFCO will support us in ensuring sustainable sourcing of palm oil materials and transparency of our palm supply chain.
Objectives: Extent to which a clear breakdown of the targets that were set to achieve throughout the project, including reference to the impact this has had on the organisation and external party are provided.
Provide a clear breakdown of the targets you set to achieve through your project, including reference to the impact you expected on your organisation and any external party.
Increasing sourcing of sustainable palm oil certified by the Roundtable on Sustainable Palm Oil (https://www.rspo.org) and traceability of palm oil to plantation are the parameters tied to the sustainability-linked finance mechanism. The RSPO has developed a set of criteria which help to minimize the negative environmental and social impact from the palm oil production. Traceability enables us to monitor how our palm materials are produced and where they come from. It is a pre-requisite to measure percentage of deforestation-free and peat-compliant palm materials in our supply chain.
Impacts & results: Extent to which details are provided on how the project has benefitted the sustainability realm as well as the organisation, team & the stakeholders
Provide details on how your project has benefitted the sustainability realm as well as your organisation and its suppliers?
IFFCO's business is broadly segmented as: Impulse Foods, Culinary, Oils & Fats and Beauty, Agri Business, Packaging, and Sales & Distribution. Palm oil is one of the raw materials in Oils & Fats business segment besides olive, soybean, sunflower and rapeseed oil. We are committed to increase sourcing of RSPO certified sustainable palm oil (CSPO) and rewards the suppliers by providing premium prices. Through the sustainability-linked mechanism, trade finance for CSPO procurement will get reduction on interest; thus, the project acts as investment-sharing between IFFCO and HSBC in promoting and rewarding CSPO production by the suppliers. In their latest report (https://wwfint.awsassets.panda.org/downloads/executive_summary_.pdf), WWF describes the benefits from sourcing CSPO including protection of forests, reduce GHG emissions and ensure better working conditions for millions of workers.
How does this project fit within your overall sustainability goals and ambitions?
IFFCO has set 10 (ten) focused sustainability programs. The project fits in our Forest Program that aims to increase share of CSPO and to partner with suppliers to deliver deforestation-free palm oil. The project also supports us in delivering SDG 12 and 15 goals (as per Sustainalytics assessment)
Supporting evidence: Extent to which details are provided for supporting documents and a clear summary of metrics relating to impacts & results, base case metrics that are relevant to the project.
What percentage of your suppliers are involved in the project? (%)
100%
When did the project start?
2/28/2022
How many suppliers are involved in the project?
31
Did you partner with a third party to implement this project?
Yes
Which solution provider/ company did you work with to achieve this?
Team in HSBC Indonesia, Malaysia and Singapore, Sustainalytics - a leading ESG research and rating company, that provides assessment and approval on our SLL's sustainability targets, certification bodies (Control Union Sdn Bhd and PT. TUV Rheinland Indonesia) and the suppliers
Team engagement: Extent to which a clear overview is provided on how the team & stakeholders collaborated to drive & implement your project or initiative. Details on number of staff involved in project.
Provide a brief overview of how your team & stakeholders collaborated to drive & implement your project or initiative. Please include details of number of staff involved.
Discussions were started between PT. SON and IFFCO Singapore's finance lead with team in HSBC Indonesia, Malaysia and Singapore to explore creation of sustainable financial products to help incentivize increased CSPO sourcing. Sustainalytics - a leading ESG research and rating company, was then brought to provide second opinion and approval on the sustainability targets in SLL. PT. SON entered into negotiation with RSPO certified suppliers for long term supply contract of CSPO on the back of interest discount and we appointed auditors to verify baseline and progress performance of the targets
Future implications & brief strategy: Extent to which a clear overview is provided on how the participant will move forward with the specific project, and its longand short-term implications if known.
IFFCO is implementing a broader sustainability program to support its 2025 sustainability ambitions. The SLL is an integral part to help us achieve some of those ambitions. It has set a great example for us to think and explore more innovative partnerships with stakeholders along the value chain - financial institutions, customers, suppliers, civil society organizations, etc, to drive the programs in our own operations as well as promote wider adoption of sector leading practices in our supply chain that contribute to positive impacts for people and planet and achievement of our ambitions.
Majid Al Futtaim's sustainability strategy has naturally progressed to encompass ESG risks and opportunities, which we now consider critical to our long-term business success. We are transitioning to a risk management approach - embedding this within our policies, processes, and procedures.
Embedding responsible practices into procurement processes helps us building long-term relationships with the communities where we operate and ensures we are playing our part in building back a world resilient to negative economic and environmental impacts. Due to the nature of our business, we carry out significant expenditure on goods, services, works and capital projects and as a result, we must ensure our sustainable approach and values extend to our supply chain to mitigate our business risk as our supply chain grows, minimise disruptions and support local economic development.
Our Responsible Procurement Policy sets out the key principles of our sustainable procurement practices, in line with the ISO 20400 certification - a best practice framework for integrating sustainability into procurement - amongst our business partners and supply chain. The policy ensures value for money, effective supply chain management and working in partnership to maintain all relevant legal, environmental, ethical, and health and safety standards.
At Majid Al Futtaim, we carry out significant expenditure on goods, services, works, and capital projects. That is why we place upmost importance on positively using our purchasing power to undertake sustainable decisions in line with our company’s core values, vision, and commitment towards sustainable development while delivering long‑term value for money. Sustainable procurement offers our business and those within our supply chain the opportunity to not only ensure long term support from the communities which they are a part of, but also to help build back a better, more resilient and stronger world which can withstand possible future environmental and economic challenges.
It is our goal that through our surveys, training and ongoing monitoring, we will be able to improve the supply chain standards in the Middle East and further afield, creating a positive effect on the local communities and the environment that we live in.
1/1/2019
270
JLL
For our tier 1, 2 and 3 suppliers, the minimum sustainability standards set out within the policy are essential and we aim to work hand in hand with our suppliers to ensure these standards are met. We have conducted over 80 supply chain surveys across 14 countries to firstly understand the baseline level of sustainability initiatives and business policies currently held by suppliers. The survey’s results have helped us identify areas in which we need to work with our suppliers. Accordingly, we delivered sustainable procurement training to all tier 1 suppliers for Majid Al Futtaim – Properties.
Provide a brief overview of how you will move forward with this specific project, its future (short-term & long-term) implications if known. Please include metrics where appropriate.
As our supply chain continues to grow in both size and complexity, we also recognise that the risk of disruptions or breaches by potential suppliers is only going to increase. It is our goal that through our surveys, training and ongoing monitoring, we will be able to improve the supply chain standards in the Middle East and further afield, creating a positive effect on the local communities and the environment that we live in.
"Green Gardenia Landscaping sets up goals to provide high quality designs and construction services for its client's needs. We aim to be involved in ESG to promote sustainable development that can provide aesthetic value to the environment thus preserving the culture and heritage of the community".
"1- integrating the suppliers with our sustainability strategies and raising their awareness toward applying green actions through the whole manufacturing cycle. 2- convincing Green Gardenia clients to confirm and apply sustainable solutions needs to connect them with multiple environmentally friendly material options. 3- embracing more transparency and accountability as a social proof and trust for current and future customers."
"1- by sharing our sustainability strategy and environmental interest with the market, we attract the suppliers and companies that shares same environmental values and visions. 2- supporting and encouraging the local suppliers to adapt green actions. 3- attracting more customers by offering a long-term sustainable solution in our design which is economically friendly. 4- engaging the team to adapt various material options and techniques in sustainability field collaborating with our suppliers."
increasing our connections in sustainability field which allows the company to keep updated and innovative in terms of green methods and actions to meet global challenges and translate into economic and societal benefits, in addition to involving the employees to apply sustainable solutions from early stage of the projects.
"Green is our care", this is the company main beliefes.
15%
6/17/2022
4
No
they were so collaborative and interested
we committed to expand our sustainable supplier circle to help us achieve our green objects.
ADNEC Group was founded in 2005 as a Abu Dhabi National Exhibition Centre, but now it is a group of subsidiaries includes Venues, Events, Services, F&B, Tourism and Hotels owned by ADQ - the Abu Dhabi Government Company. The Group supports Abu Dhabi’s economic growth and diversification.
Develop a Smart Flooring and stand system to reduce carpet and plywood consumption for construction of exhibition stands. This manufactured flooring will be out of recycled materials mainly from the venue to a sustainable fully circular products. Aside from reducing time required to build stands this design will also reduce environmental impact as pollution in terms of no dust, noise and waste will be created. Finally, this will be an innovation capitalizing the current trends across the exhibition industry in terms of finishing and durability, therefore sustainability.
"Reduce carbon footprint and waste -Reduce consumption of carpets and plywood -Eliminate landfill -Eliminate import of raw materials -Eliminate contribution to deforestation"
"Financial: cost savings and revenue growth -Income from rental or sale of the existing smart flooring to clients (exhibitors) -Reduce cost of waste disposal -Reduction in build up time may lead to potential scope for more exhibitions per anum Non-financial: -Reduce carbon footprint for every exhibition -Reduce waste -Reduce stand building work on site and improving the working environment -Reduce scope for accidents -Reduce consumption of carpets and plywood and possibility to recycle their remaining as well Innovation: The produced floor tile mould and the foot mould will be an ADNEC owned which can lead to IP"
ADNEC Group is pledged by to Net Zero Carbon and established an ESG framework, hence this is very important and within a priorities when it comes to corporate strategy alignment. Moreover, the Group is ISO innovation certified and this type of projects can involve Innovative aspects.
???%
8/30/2023
1
Trident Trackway/p>
"Saeed Al Mansoori - CEO Capital Events Derar Al Manaseer - Director Stratrgy and Investment Kellie Raynolds - Director Operations (Capital Events) Nabil Al Yafeai - Manager Environnement, Cleaning and Heavy Duty"
"The project is aligned with corporate Objectives and the future foresight by: -ADNEC Group to lead regional market: in terms of leading the way in UAE and region towards sustainable future for the notoriously wasteful exhibition industry -Support sustainable community: reducing waste and improving exhibition construct in alignment with Net Zero 2050 initiative -Become a group of world class venues and services: the world wide event industry is focusing on Net Zero along with client demands for sustainable credentials. This project will guarantee taking a huge leap forward"
Adapt, Innovate, Reduce-- is GAC's response to the sustainability challenges facing us all as part of Delta 21, our Corporate Strategy designed to help our businesses around the world survive and thrive in uncertain times.
"GAC Qatar Contract Logistics management replaced their old heavy goods delivery trucks to brand new Volvo units. This new investment lead to improvement in cost efficiencies in terms of maintenance, fuel efficiency, reduction carbon emission and safety. New trucks being more fuel efficient compared to old trucks, we are expecting to reduce “approx. 160k liters” of fuel annually. Also expect to cut ‘down-time’ of the trucks arising out of breakdowns which will enhance our operational performances as well."
The new investment aligns with the wider GAC Group’s sustainability strategy, as the fuel-efficient trucks will help GAC Qatar reduce its carbon footprint and continue contributing and aligning with Qatar National Vision 2030 in environmental management. The GAC Group has embarked on its Roadmap to Sustainability by committing to UN Sustainable Development Goals and adapting, innovating and reducing whilst engaging with local stakeholders to create long-term value toward a sustainable future.
The new investment aligns with the wider GAC Group’s sustainability strategy, as the fuel-efficient trucks will help GAC Qatar reduce its carbon footprint and continue contributing and aligning with Qatar National Vision 2030 in environmental management.
GAC has committed to be Net Zero Carbon in our operations by 2050, and to work with our stakeholders to achieve the same goal. This new investment lead to improvement in cost efficiencies in terms of maintenance, fuel efficiency, reduction carbon emission and safety. Referring to the figures in the
50%
8/1/2022
Domasco Qatar- lease to own
Overall view it as a positive / environmentally friendly initiative, full cooperation and support received from clients, supplier support and drivers were please with new vehicles and safety features. Funds approved and invested by Senior management as commitment to improve Environment sustainability and service to customer.
Performances are being monitored through in-built vehicle monitoring system. Initiative will be expanded to other departments within GAC Qatar services. In future, this can also be shared with other GAC Companies to incorporate as a standard. We are also targeting to add fuel consumption data in to a Co2 emission calculator and contribute to reduce the carbon emission to the environment.
Qatar-based Ali Bin Ali Beverages (ABAB), Franchise Bottler for PepsiCo in Qatar, is taking the lead in prioritizing sustainability practices to become more environmentally responsible and financially competitive.
ABA Beverages launched a sustainable packaging initiative for bottle productions in July this year. It is now working to reduce the grammage of plastic, also known as PET or polyethylene Terephthalate, to create lighter weight bottles. Light-weighting bottles or preforms (the form of a bottle before it is blown into its regular shape) helps reduce the environmental impact of production processes and create a more sustainable packing option. The moves aligns with PepsiCo’s international standards and Sustainability Plans. Since the launch of this Project, ABA Beverages worked closely with their suppliers and were able to reduce the weight of the 330ml Aquafina water bottle by 0.9 gram, without compromising the Integrity of the bottle and the Quality of the Product. In parallel ABA Beverages has launched, in September, 2022, another light weighting program with preforms being used for 1.25L Carbonated Soft Drinks. The reduction of PET in this case is 3 grams / preform. The anticipated reduction in usage of PET will be around 320 to 330 MT per annum.
Since the launch of this Project, ABA Beverages worked closely with their suppliers and were able to reduce the weight of the 330ml Aquafina water bottle by 0.9 gram, without compromising the Integrity of the bottle and the Quality of the Product. In parallel ABA Beverages has launched, in September, 2022, another light weighting program with preforms being used for 1.25L Carbonated Soft Drinks. The reduction of PET in this case is 3 grams / preform. The anticipated reduction in usage of PET will be around 320 to 330 MT per annum.
By light weighting the preforms for Aquafina Bottled Water, ABA is expecting to reduce the consumption of Virgin PET by around 60MT for a period of July to December 2022. ABA Beverages has also completed trials, in September, for reducing the grammage used for 1.25L Carbonated Soft Drink, by 3 grams per preform. The anticipated reduction in consumption of Virgin pet by way of this project, is around 320 MT - 330MT per annum.
This Project is a part of PEPSI Vision and ABA Beverages is fully committed to implement as a part of their Sustainability Plans. ABA plans to extend this initiative to its other Aquafina formats, by early next year, which would be a great leap towards Sustainability Plans.
6/16/2022
???
Preform Supplier
The implementation of this change over is as per the protocol laid by PEPSI INTERNATIONAL. The light weigh preforms are blown in the Blow Molding machine. The blown bottles are then tested for various parameters, laid by the PEPSI Standards. Once the bottles are found to be acceptable as per the standards, trial production are conducted by filling the bottles with permeate water. The bottles are then transported through trucks to check the Package Integrity. Once the Bottle clears both these tests, the preforms are then used for Commercial production.
ABA plans to extend this initiative to its other Aquafina formats, by early next year, which would be a great leap towards Sustainability Plans of the Company, in line with the Sustainability Plans driven by PEPSI. ABA Beverages would be using these light weight preforms for other formats in Aquafina, the whole of next year. The estimated reduction in consumption of Virgin PET will be around 320 MT to 330MT per annu,
Δ
