Since announcing its commitment to sustainability in 2020 and ahead of its recent exit from CVC Funds, Garudafood has made significant progress in a number of key areas. In its first EcoVadis assessment the company did not receive an award. Working with CVC, Garudafood focused on addressing the assessment feedback and in one year progressed to a silver award, raising the benchmark for its sustainability journey. The company has implemented an energy and emission data management system, focused on occupational health and safety programmes, introduced a sustainable procurement policy, and improved its whistleblower policy.
In the company’s first sustainability report, Garudafood set ambitious goals for 2023 and beyond. For example, the company aims to reduce its carbon footprint and increase energy efficiency with specific initiatives such as transitioning to renewable energy, installing solar power plants, and utilising excess steam for a cold water-cooling system. The company is also committed to achieving zero solid waste, finding solutions for handling plastic waste through the 3R principles (reduce, recycle, return to earth), and strengthening its sustainable procurement policy.
Additionally, it is focused on promoting diversity and inclusion, non-discrimination, and anti-harassment policies internally.
Garudafood’s sustainability and ESG strategy aligns with its vision for a more environmentally friendly and socially responsible future. By addressing key areas of improvement and setting ambitious goals, the company aims to create value not only for CVC and its future shareholders but also for the planet and society as a whole. Its commitment to sustainable governance further supports its overall sustainability efforts.