IFFCO achieves new sustainability milestones and announces Climate Roadmap 2030 in second ESG report

IFFCO Group, the leading FMCG multinational Company headquartered in the UAE, has announced the launch of its second ESG report, with milestones achieved across environmental, social and governance indicators, detailing its significant successes in sustainability throughout its operations and sourcing practices.
In 2023, IFFCO increased its waste recycling rate to 64%, reduced its water intensity by 13% compared to the previous year, maintained 100% traceability for palm oil to mills, and covered 30% of its facilities in the report's scope with solar panels. In addition, the company increased the number of women in management roles by 25% compared to two years. IFFCO also earned recognition for Best Sustainable Development Goal (SDG) Impact – SDG2, Zero Hunger at the ESG World Summit and GRIT Awards.

A key landmark in 2023 was the launch of IFFCO’s Climate Roadmap 2030, created to act as a catalyst for innovation, greater efficiency and positive change. The roadmap sets out clear targets for the company’s sustainability goals across its key areas of focus – energy efficiency initiatives and renewable energy share, transportation decarbonisation, and reducing emissions in the sourcing of palm, wheat and soy– and targets have been submitted to the Science-Based Targets initiative (SBTi) for validation.

“The milestones presented in our 2023 ESG report not only reflect our dedication to sustainable practices and responsible business operations, but also underscore our efforts to integrate the highest of ESG standards into our business. Our ESG strategy demonstrates our steadfast dedication to sustainable growth, transparency and continuous improvement. We aim to lead by example, by setting benchmarks in our industry and exemplifying global best practices, and to build and strengthen our sustainability agenda so we can drive a positive change through our operations,” said Rizwan Ahmed, Executive Director at IFFCO Group.

Five solar plants were finalised in Pakistan, Italy and Indonesia in 2023, meaning a full 30% of IFFCO’s production facilities now have solar plants in operation. Alongside achieving a 13% reduction in water intensity, IFFCO finalised its new Water Policy ready for roll-out in 2024, and reached a 64% post-manufacturing waste recycling rate – up from 52% in 2022 – as well as an overall reduction of 14% in solid waste production.

IFFCO also reported 100% traceability for palm oil from all refineries; 100% traceability to plantation for all direct mill sources; a 61% volume of verified deforestation-free oil coming from refineries in line with NDPE IRF standard; 50% traceability to origin of harvest for soy, corn and sunflower; and 100% traceability to origin of harvest for wheat sourced by the company.

The company was an active participant at COP28, supporting policymakers globally and signing the UAE Climate-Responsible Companies Pledge.  

The full 2023 ESG report is available here.

For more information, please visit: Iffco.com | Facebook | X | Instagram | LinkedIn | YouTube | TikTok

About IFFCO Group:

Established in 1975, IFFCO is a multinational group headquartered in the UAE. Its leading FMCG brands, including London Dairy, Tiffany, Noor, Rahma, Al Baker, Hayat and Savannah, and a portfolio of industry solutions and services enrich the lives of millions of consumers and customers globally. The company has 95 operations in 50 Countries, supported by over 15,000 employees, and its 80+ brands are available in over 100 countries.

For media enquiries, please contact:
Rana Abu Atta
Head of Corporate Communications
raatta@iffco.com

Sana Yamlikha
Associate Manager – Corporate Communications
syamlikha@iffco.com