Illovo Sugar (Malawi) PLC 2023 AR2
The report highlights Illovo Sugar Malawi's financial and sustainability progress for the fiscal year ended August 31, 2023. Despite severe operational challenges from Cyclone Freddy, the company achieved record revenues of K272.5 billion and produced 264,119 tons of sugar. Key ESG initiatives included spending K1.18 billion on vitamin A fortification, converting over 2,000 hectares of land to drip irrigation, and achieving 100% recyclability of plastic packaging. Additionally, the company established the Thriving Community Foundation to drive social development in local communities, focusing on healthcare, education, and climate resilience.
Company: Illovo Sugar (Malawi) PLC
Sector: Consumer Staples
Country: Malawi
Year: 2023
Type: AR2
Pages: 196
Illovo Sugar (Malawi) PLC
Annual Report
The report highlights Illovo Sugar Malawi's financial and sustainability progress for the fiscal year ended August 31, 2023. Despite severe operational challenges from Cyclone Freddy, the company achieved record revenues of K272.5 billion and produced 264,119 tons of sugar. Key ESG initiatives included spending K1.18 billion on vitamin A fortification, converting over 2,000 hectares of land to drip irrigation, and achieving 100% recyclability of plastic packaging. Additionally, the company established the Thriving Community Foundation to drive social development in local communities, focusing on healthcare, education, and climate resilience.
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Document Details
Report Year
2023
Reporting Period
Sep 1, 2022 - Aug 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees