Following a 500 million € “Green Bonds” emission in the second quarter of the year, BRF, the world’s 7th largest food company has been included in the new European sustainability (ESG) index launched by Euronext and Vigeo.
Vienna, October 28th – BRF, the 7th largest food company in the world by market capitalisation, has been distinguished for its significant sustainability engagement with its inclusion in the new environmental, social and governance (ESG) index launched last June by Euronext, the primary exchange in the Eurozone, and Vigeo, the leading European agency in Corporate Social Responsibility ratings.
70 companies distinguished out of 900
The new Euronext-Vigeo EM 70 ESG index lists companies in developing countries with the best performances in corporate responsibility based on their ratings by Vigeo. Founded in 2002, Vigeo is the leading European agency in evaluating corporate responsibility through six domains: business behavior, community involvement, corporate governance, environment, human rights and human resources.
Euronext and Vigeo evaluated more than 900 companies from emerging countries and selected 70 to be included in the index, based on the calculations by Euronext and correlated with the score assigned by Vigeo. This score favours companies most actively engaged in promoting compliance with universal public standards, particularly in terms of human rights, decent employment practices, environmental protection, corporate governance, business ethics and contributions to social economic development.
“In order to maintain the quality and sustainability standards throughout the complex chain in which we operate, we need to constantly evaluate the impact that may be caused by our operations”, said Roberto Banfi, CEO Europe and Eurasia at BRF. “We are very proud to be the first Brazilian food company part of this European sustainability index as it validates our vision and provides a strong incentive to investors.”
A premiere in Green Bonds
Its inclusion into the ESG index comes after BRF issued, in May 2015, 500 million € worth of senior notes compliant with the Green Bond Principles published by the International Capital Market Association. For reference, close to 37 BN US$ worth of Green Bonds were issued globally in 2014, with the largest individual emission to date reaching 2,5 BN €.
The proceeds of the BRF “Green Bonds” will be allocated towards financing and funding new BRF sustainable projects in the areas of:
greenhouse gas emission reduction
water and waste management
sustainable and efficient packaging
sustainable forest management and raw materials use reduction
Sustainability at BRF
These projects will reinforce BRF’s sustainability strategy, which has always been an integral part of BRF’s DNA. “Last year, the company invested R$ 208.4 million (66.4 million €) into research, projects and environmental management systems”, explained Jean-Francois Legrand Quality Executive Manager for Europe & Eurasia at BRF. “Our engineering team participates in all phases of new project developments to ensure a consistent evaluation of the environmental impact and give priority to eco-efficient equipment and processes.”
From adaptation to climate change to sustainable supply chain, BRF constantly develops initiatives to encourage the efficient use of natural resources and mitigate the impact of its operations on the environment.
Climate change - by adopting biomass boilers at some units, BRF was able to reduce CO2 emissions by 20,000 tons in Brazil
Waste - with effluent treatment programs and recycling, the company already reduced its waste production by more than 15%.
Water - water recycling systems and well-established goals for its factories allowed BRF to save 1.3 billion liters of water in 2013. When adopting best practices for waste reduction in 2014, the company achieved savings of 50 million liters of water per month in four production units.
Energy – in 2014, 93.2% of BRF units’ electricity in Brazil was secured from renewable energy sources.
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Listed among the leading companies of international protein trade, BRF is the 7th largest food company in the world by market capitalisation. A truly global food company, 43.8% of the company’s net sales come from the international markets. In 2014, BRF implemented a new management structure in Brazil and abroad, with a view to increasing flexibility and boosting growth potential. Having been named as one of the world’s most innovative companies by Forbes for the third consecutive year in 2014, innovation is a core path on BRF Europe’s roadmap to success.
Last year brought a milestone for BRF with the opening of its 57 th factory, and the first in the Middle East, in Abu Dhabi. These 57 factories can be found across the world: 47 in every region of Brazil, 7 industrial units in Argentina, 2 in Europe (UK and The Netherlands) and 1 in Abu Dhabi, UAE.
Visit us at: www.brf-global.com
Anne Reid – Hopscotch Europe
+44 (0) 20 8133 3140
Fernando Dewes – BRF
+43 1 2277 99794
Giovana Vommaro – BRF