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IFFCO Group Releases Third ESG Report, Accelerates Progress Toward 2030 Sustainability Goals
(MENAFN- Mid-East Info)
The strategy introduces 9 ESG programmes aligned with best global frameworks, including Climate targets in line with the Science Based Targets Initiative (SBTi) standards. Each programme is supported by three and six-year roadmaps, KPI's, and financial commitments, to ensure delivery and clear accountability across business functions. Key highlights from the 2024 ESG Report include:
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30% of UAE fleet now operates on biofuels (B7), supporting transport decarbonization and Net Zero 2050 targets
Water intensity reduced by 8% across 23 facilities, highlighting the integration of conservation into daily manufacturing
On-site renewable energy generation more than doubled, reaching 5,140 MWh
Transportation-related carbon footprint reduced to 7%, down from 11% in 2021
Palm oil traceability to plantation reached 93.6%, a 9.6 percentage point year-on-year increase, underscoring supply chain transparency and alignment with NDPE standards
The strategy introduces 9 ESG programmes aligned with best global frameworks, including Climate targets in line with the Science Based Targets Initiative (SBTi) standards. Each programme is supported by three and six-year roadmaps, KPI's, and financial commitments, to ensure delivery and clear accountability across business functions. Key highlights from the 2024 ESG Report include:
-
IFFCO more than doubled on-site renewable energy generation in 2024, reaching 5,140 MWh, enough to power approximately 480 UAE homes for a full year. The Group also achieved an 8% reduction in water intensity, reinforcing its focus on operational sustainability.
IFFCO deepened its internal ESG integration by embedding sustainability-linked KPIs into the performance metrics of over 900 employees, a 13% increase from the previous year, reaffirming a Group-wide culture of ownership and accountability.
IFFCO Group launched its Consumer Packaging Roadmap 2030, targeting reductions in virgin plastic use, launching packaging with recycled PET, and further adoption of renewable and recyclable packaging solutions across its product portfolio.
Transportation-related carbon footprint fell to 7% share in total carbon footprint, down from 11% in 2021. This was achieved through logistics optimization and the conversion of 30% of the UAE fleet to biofuels B7, aligning with the UAE's Net Zero 2050 targets.
Palm oil traceability to the plantation level reached 93.6%, a 9.6 percentage point increase from 2023, highlighting the Group's commitment to ethical sourcing and compliance with NDPE (No Deforestation, No Peat, No Exploitation) standards.

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