The Cibus funds has announced the launch of its first Annual Sustainability Report.
The report discusses the sustainability objectives of its investment portfolio and explains how Cibus integrates sustainability into portfolio companies using a proprietary ESG Management System.
The report details the eleven new portfolio companies acquired in 2021, the problems they solve for and the resulting impact across the food and farming sectors. It also addresses sustainable themes like natural capital, biodiversity, the mitigation and reduction of agricultural GHG emissions, food and water waste reduction and improving water quality.
Key highlights include:
• A defined impact measurement and management strategy, improved ESG data collection and updated governance systems and committees by using the proprietary ESMS
• A UN SDGs alignment map, 88% of Cibus fund companies are aligned with 4 or more UN SDGs
• Aligned reporting with the Task Force on Climate-related Financial Disclosures recommendation (10 tonnes of CO2/USDm)
• Examples of how portfolio companies KPIs are aligned to, and exceeding, the firm’s Impact objectives
Georgie Thomas, ESG Associate at the Cibus funds says: “Today, the food and farming sectors account for over one third of GHG emissions in the world, yet EU taxonomy does not recognise agriculture’s role in mitigating climate change in a GHG emissions framework. This is a crucial area for improvement and we recognise the vital part the Cibus funds can play in supporting the industry in its transition to a more sustainable future. This is why the Cibus funds are committed to supporting all of our portfolio companies to tackle their associated emissions.”