Syngenta’s ‘good growth’ plan doubles reach of sustainability programs
Global agrichemical giant Syngenta has recently released a report on the progress made by its ‘good growth’ initiative – a collection of six ambitious commitments for 2020, which intends to improve sustainability within agriculture and ‘the development of rural communities’.
Syngenta was able to enhance biodiversity and soil conservation on a cumulative 9.2 million hectares of land. This means that they managed to create “rich, connected, wildlife habitats” across a landmass that, taken together, is roughly the size of Portugal. In a data set taken from 3,700 farms across 42 countries, it has become apparent that this work is also resulting in better farming: productivity and resource efficiency were both 4% higher in Syngenta’s ‘good growth’ farms than the benchmark figures.
Syngenta’s share price is up 12% so far this year
SOURCE: Yahoo Finance
Syngenta’s program is also affecting a huge number of smallholders – 16.5 million, globally – who are experiencing even greater productivity gains, up 8% in 2016. By 2020, the company hopes to have impacted 20 million smallholders in a similar way. It is quick to point out that the productivity increases experienced at these smaller agricultural outposts justifies the proposition behind its plan: that delivering technology and agronomic training can help people improve their lives and livelihoods.
Since the plan started, Syngenta has trained 17 million people to safely use its chemical products and agricultural technology. The vast majority of these people are smallholders in developing countries. 7 million of these people were trained in 2016.
Syngenta’s CEO, Erik Fyrwald, showed courage in the company’s convictions, claiming that this plan isn’t a short-lived PR stunt – it is representative of the company Syngenta has become and is becoming:
“The Good Growth Plan exemplifies the way we do business and, through the data that is now being generated, we are helping farmers to apply best practices and monitor the benefits to the environment and their bottom line. Going forward, we want to evolve the plan further to better understand how farmers can improve the efficiency with which they use water and reduce their carbon emissions. And by continuing to partner with our customers, suppliers and other stakeholders in the food value chain, we will be better able to combine the resources and knowledge required to safely feed the world and take care of our planet.”
Dominion holds Syngenta in its Global Trends Managed Fund.
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