Alltech released its annual Sustainability Report with the actions the company is taking to align its business with its purpose of Working Together for a Planet of Plenty®, reducing its environmental impact, and advancing the United Nations’ Sustainable Development Goals.
“Everything we do is centered on helping us advance our purpose of Working Together for a Planet of Plenty,” said Tara McCarthy, global vice president for ESG at Alltech. “We have made great progress toward our ESG goals, but we know that there is always more work to be done. Alltech team members around the world have shown unwavering commitment to sustainable and ethical business practices. We continue to strive for ambitious ESG targets, find areas for improvement and innovation, and nurture a culture of sustainability.”
Through data and stories from Alltech team members around the world, the 2023 Alltech Sustainability Report emphasizes the role of agriculture in combatting climate change and creating healthy, sustainable food systems. It also includes information about Alltech’s emissions reduction goals and highlights its efforts to improve energy usage, reduce waste, and advance environmental actions in the industry. Additionally, the report outlines the steps Alltech has taken to promote a diverse and inclusive work environment and demonstrates its team members’ efforts to make a difference in the communities in which they live and work.
Alltech's 2023 highlights include:
- Reduced its Scope 1 and Scope 2 emissions by 19.8% from its 2021 base year. It aims to reduce its Scope 1 and 2 emissions by 42% by 2030 (from its 2021 base year) and its Scope 3 emissions by 25% by 2030 (from its 2023 base year).
- Completed 19 energy efficiency projects. It conducted 31 energy efficiency project feasibility studies and six renewable energy project feasibility studies. The company invested $3.85 million in efficiency projects in 2023, resulting in the reduction of 8,990 metric tons of CO2e.
- Completed 74 core product life-cycle analyses across its top seven specialty ingredients and 17 production facilities.
- Awarded three EcoVadis sustainability medals in 2023.
- Alltech Serdán was recertified in 2023 as Empresa Socialmente Responsible (ESR).
- Accredited by the Pet Sustainability Coalition for the third year in a row.
- Sixty team members participated in the Women in Food & Agriculture Mentorship Program.
“2023 was another milestone year for Alltech as we advanced our mission and vision of Working Together for a Planet of Plenty,” said Mark Lyons, president and CEO of Alltech. “In the five years since it was launched at the Alltech ONE Conference in Kentucky, Planet of Plenty has become a strategic driver of our business and an accelerator of what is even more important: our impact. Through new partnerships and ongoing collaboration with trusted allies we’ve worked alongside for decades, we continue to drive progress toward our shared goal of a world of abundance for future generations.”
Find more information and download the 2023 Alltech Sustainability Report here.
