IFFCO allocates AED 77mn for a sustainable future, unveils 156 sustainability projects

The company targets to diminish greenhouse gas emissions by 17% by 2025

UAE’s IFFCO, the leading FMCG multinational, has allocated AED 77 million to sustainability initiatives over two years, with ten programmes comprising 156 projects in the pipeline.

The company has identified six crucial areas in which it aims to make tangible efforts to boost its environmental performance – climate change, energy management, water management, forests, circular economy, and biodiversity.

To contribute to the global fight against climate change, IFFCO has set a goal to reduce greenhouse gas (GHG) emissions in its own operations and energy consumption by 17% by 2025, in comparison to its 2021 figures.

The company has analysed its corporate footprint, determining hotspots and key measures to be taken. It will announce detailed targets for 2030 at COP28 (the 28th UN Climate Change Conference), scheduled in Dubai.

Sustainable value-added products

“In line with our vision to become the preferred provider of sustainable value-added products and services for everyone, everywhere and every day, we have adopted a holistic approach to sustainability,” noted Shiraz Allana, Supervisory Board Member at IFFCO.

As part of its Zero Deforestation ambition, IFFCO has achieved 100% traceability to mill (TTM) and 85% traceability to plantation (TTP) for palm oil products.

In the UAE, the company launched the first plant-based meat alternatives factory in the Middle East under the THRYVE™ brand. This 100% greenfield investment aligns with IFFCO’s mission to lead the much-needed diet shift towards more sustainable plant-based proteins.

The company is also working to reduce waste generation and introduce packaging with a reduced environmental impact.