Livestock Improvement Corp. Ltd. 2024 SR
The report details LIC's sustainability performance for the fiscal year ending May 31, 2024, focusing on its role in reducing the environmental footprint of New Zealand's national dairy herd. Key highlights include a 14.7% reduction in Scope 1 and 2 CO2 emissions since 2018/19 and significant progress in methane and heat tolerance research programs. The company invested $21.2 million in R&D, representing 7.9% of its revenue, to drive genetic gain and animal efficiency. Socially, LIC launched its first 'BeHerd' engagement survey and maintained a strong focus on health and safety. Economically, the co-operative delivered $26.8 million in total dividends despite a challenging milk price environment.
Company: Livestock Improvement Corp. Ltd.
Sector: Agriculture, forestry & fishing
Country: New Zealand
Year: 2024
Type: SR
Pages: 64
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Livestock Improvement Corp. Ltd.
Sustainability Report
The report details LIC's sustainability performance for the fiscal year ending May 31, 2024, focusing on its role in reducing the environmental footprint of New Zealand's national dairy herd. Key highlights include a 14.7% reduction in Scope 1 and 2 CO2 emissions since 2018/19 and significant progress in methane and heat tolerance research programs. The company invested $21.2 million in R&D, representing 7.9% of its revenue, to drive genetic gain and animal efficiency. Socially, LIC launched its first 'BeHerd' engagement survey and maintained a strong focus on health and safety. Economically, the co-operative delivered $26.8 million in total dividends despite a challenging milk price environment.
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Document Details
Report Year
2024
Reporting Period
Jun 1, 2023 - May 31, 2024
Fiscal Year
2024
Published
Sep 17, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Women on Board
Women in Management
Employees