ESG

Question 1

What does ESG stand for and what is it used for?

Answer 1

ESG stands for environmental, social and governance

ESG reporting is used to evaluate the sustainability and ethical impact of an organization by disclosing data on these three factors to provide transparency to stakeholders

Question 2

What is the importance of ESG reporting?

Answer 2

enhances transparency and accountability

promotes sustainable practices

strengthens stakeholder trust

improves risk management

attracts socially responsible investors

Question 3

What is the circular economy?

Answer 3

industrial processes and economic activities that are restorative or regenerative by design enable resources used in such processes and activities to maintain their highest value for as long as possible and aim to eliminate waste through the superior design of materials, products, and systems

Question 4

What is the social part of the circular economy?

Answer 4

human rights and labour standards

employee engagement and diversity

data security and customer privacy

Question 5

What is the governance part of the circular economy?

Answer 5

board composition

management structures

policies and procedures

Question 6

What is the ESG framework?

Answer 6

Re: aim to maximize product efficiency and minimize environmental impacts.

S: aim to plan and share resources related to safe work, accident prevention, cybersecurity; share insight on sustainable agriculture market opportunities, practices, products, and programs.

O: aim to improve energy efficiency and emissions performance and to maximize nutrient-use and water-use efficiency.

L: use gray, ocean, or recycled water at some locations and commit to a recycling program for plastics (fertilizer drums, nutrient containers).

V: provide online training/resources.

E: aim to improve farm’s production and their ESG performance through sharing and adoption of improved technologies and best practices.

Question 7

8 issues concerning S (social)

Answer 7

1. labour practices
2. employee health and safety
3. employee engagement, diversity and inclusion (EDI)
4. HR and community relations
5. data security and customer privacy
6. access and affordability
7. product quality and safety
8. customer welfare

Question 8

7 issues concerning E (environmental)

Answer 8

1. GHG emissions
2. air quality
3. energy management
4. water and wastewater management
5. waste and hazardous materials management

Question 9

6 issues concerning G (governance)

Answer 9

1. board composition
2. internal control policies and procedures
3. business ethics
4. competitive behavior
5. management of legal and regulatory environment
6. risk management