ForFarmers NV 2023 AR2
The report highlights ForFarmers' transition to a decentralized 'local in the lead' approach in 2023 to operate closer to farmers and improve efficiency. Despite financial challenges from volatile raw material prices and nitrogen policy uncertainties in the Netherlands, the company made significant progress on its 'Going Circular' sustainability agenda. Key achievements include sourcing 75% of soybean meal and palm oil responsibly, and running the Deventer mill almost entirely on locally produced biogas. Additionally, the company reduced its workforce by over 200 FTEs to lower its cost base and completed the acquisition of Polish feed producer Piast in early 2024 to strengthen its position in growth markets.
Company: ForFarmers NV
Sector: Consumer Staples
Country: Netherlands
Year: 2023
Type: AR2
Pages: 263
ForFarmers NV
Annual Report
The report highlights ForFarmers' transition to a decentralized 'local in the lead' approach in 2023 to operate closer to farmers and improve efficiency. Despite financial challenges from volatile raw material prices and nitrogen policy uncertainties in the Netherlands, the company made significant progress on its 'Going Circular' sustainability agenda. Key achievements include sourcing 75% of soybean meal and palm oil responsibly, and running the Deventer mill almost entirely on locally produced biogas. Additionally, the company reduced its workforce by over 200 FTEs to lower its cost base and completed the acquisition of Polish feed producer Piast in early 2024 to strengthen its position in growth markets.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Employees