Sustainable Business Practices
At Agrocorp International, we are committed to sustainability in our daily operations. In our day-to-day operations, the team is encouraged to find ways to reduce negative environmental impact and enhance positive ethical impact of our operations. We are mindful of the planet’s limited resources and proactively seek to protect them while maximising revenue for the company.
Environmental, Health and Safety (EHS) Policy
Compliance with all applicable legal and regulatory obligations as well as voluntary commitments.
Management review of all health and safety issues within the company
Ensuring that our business activities are conducted such that environmental harm is avoided where possible, and mitigated when harm is unavoidable.
Continuous improvement of all sustainability management processes and performance.
Active engagement with stakeholders to ensure that our sustainability and safety approaches and communication remain relevant.
Promoting environmentally responsible behaviour both within the company and to our various stakeholders.
We are aligned with
- IFC Performance Standards (1-6)
- ISO 14001 Enviromental management systems
- ILO standards and Conventions
- GMP+
- ISO 45001 Occupational health and safety management systems
- The Better Cotton Initiative
EcoVadis Sustainability Score
The EMS policy will be implemented by Agrocorp’s Sustainability Department and will be reviewed every 2 years by the EHS Committee and Management as part of the Integrated Management System review.
Sustainable Sourcing Policy
Climate Change Adaptation and Biodiversity eco-systems protection
Agrocorp International believes in conserving our planet’s fragile biodiversity and ecosystems and expects that its suppliers are not involved in illegal deforestation. Agrocorp is also committed to working with our suppliers to address climate change risks and ensure that they are operating in accordance with their own governments’ climate action plans.
Environmental Protection
Agrocorp International strives to minimize environmental impacts while engaging in business activities, through application of its integrated environmental and safety management system (IMS). This includes ensuring that all business partners comply with Agrocorp’s Environmental Health and Safety (EHS) Policy.
International Regulatory and Standards Compliance
Full compliance with laws and regulations in the various jurisdictions and the prevention of bribery and corruption.
Compliance with international guidelines and standards to which Agrocorp are committed as stated in Agrocorp’s EHS Policy as well as the biodiversity protection climate change mitigation and adaptation requirements stated above.
Human Rights & Labour Rights
Business activities must not infringe on human rights as defined in the UN Guiding Principles on Business and Human Rights. Forced labour, Child labour, discrimination of any kind, and harassment must not be tolerated by Agrocorp International and its business partners.
Agrocorp International respects the rights of employees to associate freely and bargain collectively and requires the same of its business partners. Agrocorp International strives to fairly and effectively manage its employees’ working hours, holidays, leaves of absence, and wages in according with local regulations as specified in Agrocorp’s HR Policy.
Monitoring & Reporting
Agrocorp International will monitor application of this policy on a regular basis to identify areas for improvement. We strive to disclose all information related to the above principles in a timely manner. Should any violations to the above policy occur, we will work to rectify with suppliers through a robust and transparent process.
Sustainable Investments
Agrocorp launched its investment arm, Agrocorp Ventures, in 2019 as an outlet for the company to support promising start-ups whose sustainability vision aligns with our own. Our investment focuses on early stage start-ups that have an innovative and industry disruptive business model that is executed through sustainable practices.
Venture Portfolio Companies and VC Funds:
Livfresh
Singaporean based farming company adopting high-tech farming methods growing leafy greens such as rockets, kale, watercress, through a hydroponics system.
Big Idea Ventures
VC fund that invests in early stage start-ups within the plant-based protein, fermentation-based alternative protein and cultivated meat sectors.
Melati Drinks
Asia’s first non-alcoholic drink company in Singapore, crafted with 26 healing Asian botanicals to create a delicious drink.
Hungry Planet
American based purveyors of the widest range of premium plant-based meats for a hungry, healthy planet. They have developed products such as plant based pandan chicken, peking pork wraps, burger patties, and more.
Bigfoot Biomedical
A US based medical technology start-up which is creating devices to assist with insulin requiring diabetes management
Float Foods
Float Foods is Singapore’s first food tech start-up dedicated to the development of a plant- based egg substitute.
Rocana Venture Partners
An LA-based VC firm that invests in early stage consumer packaged goods (“CPG”) brands with a focus in alternative proteins.
Research for Sustainability
Agrocorp and Singapore Institute of Technology (SIT) have jointly launched a four-year research programme to accelerate Singapore’s capabilities in enabling sustainable and efficient supply of plant- based food alternatives.
The joint R&D effort will feature advanced food technology and methods to achieve extraction of plant-based proteins with greener conditions and upcycling of agri-waste, optimise the protein extraction process and achieve higher protein yield.
The findings from the research programme will be used to optimise Agrocorp’s ongoing plant-based product development in downstream brand, Herbyvore, and its protein extraction processing line.
