Annual Report 2024

A positive future for the forest
5th progress report

Multi-stakeholder initiatives for the conservation of ecosystems

ur investment in multi-stakeholder initiatives continued in 2024, in line with the ten principles established by the FPCoA. The aim of this investment is the preservation and regeneration of ecosystems.

Sustainable landscapes in Mato Grosso (Brazil)

In 2024, in line with the objectives of the FPCoA of the CGF, we continued our financial support for the project in Mato Grosso – the state with the highest agricultural production in Brazil – in partnership with the Amazon Environmental Research Institute (IPAM), Nestlé and Sainsbury’s. This initiative follows the ten principles established by the Coalition and, in 2024, made it possible to develop a local governance model in two more municipalities – Diamantino and Alto do Paraguay – and to consolidate it in the municipalities of Campos de Júlio, Campo Novo de Parecis, Sapezal and Tangara da Serra.

A large forrest to the right and stony cliffs to the left; photographed from above. (photo)

The project is leveraged by the PCI Strategy: Produce, Conserve and Include, which is the responsibility of the state government of Mato Grosso. It consists of an action plan to reduce deforestation, achieve sustainability commitments in the supply chain and promote the economic and social development of small farmers and indigenous communities.

Through this project, soy production on some farms in Mato Grosso obtained RTRS certification. Regenerative agriculture techniques have also been implemented, which promote carbon sequestration, improve soil fertility and reduce the need to use chemical products.

One of the advances made in Mato Grosso was the construction of a seed nursery to promote the recovery of degraded areas. This initiative aims to promote agroforestry systems that optimise land use by balancing ecosystem conservation with agricultural production.

Within the scope of social safeguards, a guide was developed on the human rights of indigenous peoples and local communities, to promote respect for their cultural and social specificities in the processes of restoring degraded areas and in soy production.

Finally, we highlight the revision of municipal legislation in Tangará da Serra regarding payments for ecosystem services. This change allowed for a wider range of payment options and prioritised farmers’ efforts to maintain the most critical watersheds.

The progress achieved highlights the success of collaborative strategies based on participatory governance, technical innovation and community involvement.

Support for projects that protect biodiversity and regenerate ecosystems

The sun shining through trees (photo)

As specialists in the commercialisation of perishable products – such as meat, fish, fruit and vegetables – we know that our activities depend directly on biodiversity and the services provided by ecosystems. We are also aware of the impact our business can have on these same natural ecosystems. To assess the inherent risks, we use the Ecosystem Services Review methodology developed by the World Resources Institute. This approach allowed us to identify 11 priority areas for action, such as agricultural crops, pollination, animal production, extractive fishing and aquaculture. Priorities were defined based on the dependencies and impacts of the activities of the Group’s companies and their supply chains on ecosystem services.

In 2024, we supported 11 projects (7 in Portugal, 2 in Poland and 2 in Colombia) focused on the restoration of natural habitats, protection of biodiversity, and environmental awareness, with more than 327,000 euros. We selected the projects based on environmental criteria and mapped the origin of sensitive commodities such as palm oil, soy, beef, and paper/timber. We also took part in various ecosystem protection initiatives in the main producing regions of these ingredients.

Find more detailed information about these initiatives here.

Carbon sequestration
The process of capturing and storing atmospheric carbon dioxide and is is a crucial method for reducing the amount of CO₂ in the atmosphere, which helps mitigate climate change. There are two main types of carbon sequestration: (i) biological sequestration, involving the absorption of CO₂ by plants, soils, and oceans (e.g., trees and plants absorb CO₂ during photosynthesis and store it as carbon in their biomass and soil); (ii) geological sequestration, which involves capturing CO₂ from industrial processes and injecting it into underground geological formations, such as depleted oil and gas fields or deep saline aquifers, where it can be stored.
Deforestation
The extensive clearing of forests. This can happen for several reasons, such as creating farmland for crops and livestock, logging for timber, and developing infrastructure like roads and urban areas.
Ecosystem conservation
The safeguarding and maintenance of natural environments to preserve their health, biodiversity and functionality. This ensures that ecosystems can continue to offer vital services like clean air and water, climate regulation and habitats for wildlife.
Ecosystem services
The benefits humans receive from natural ecosystems. These can be divided into four main types: provisioning services (e.g., food, fresh water, timber, fiber and medicinal resources), regulating services (such as climate regulation and flood control), cultural services (including recreation and aesthetic experiences) and supporting services (essential processes like soil formation, photosynthesis and biodiversity maintenance that enable the production of other services).
Perishable goods
Products with a limited shelf life and that require proper storage to prevent spoilage, for instance, fresh fruits, vegetables, ready-to-eat food, meat and fish sold at the counter and dairy products.

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