Alltech’s Sustainability Report demonstrates its commitment to Working Together for a Planet of Plenty®
[LEXINGTON, Ky.] – Alltech has released its annual Sustainability Report, which demonstrates the actions the company is taking to align its business with its purpose of Working Together for a Planet of Plenty®, reducing its environmental impact and advancing the United Nations’ Sustainable Development Goals.
Alltech is committed to prioritizing the efficient and profitable production of nutritious food while helping producers worldwide implement solutions to their sustainability and productivity challenges. The Alltech Sustainability Report highlights how Working Together for a Planet of Plenty shapes Alltech’s business — and its future.
“Everything we do is centered on helping us advance our purpose of Working Together for a Planet of Plenty,” said Tara McCarthy, global vice president for ESG at Alltech. “We have made great progress toward our ESG goals, but we know that there is always more work to be done. Alltech team members around the world have shown unwavering commitment to sustainable and ethical business practices. We continue to strive for ambitious ESG targets, find areas for improvement and innovation, and nurture a culture of sustainability.”
Guided by its Planet of Plenty purpose, Alltech is committed to:
- Delivering measurable impact via nutritional technologies and services that maximize producer profitability, production efficiency and sustainability.
- Connecting with global partners to solve high-impact issues and advance sustainable agricultural practices.
- Advocating for the agri-food industry, sharing the sustainable power of science in agri-food via its Planet of Plenty website and through projects like the upcoming documentary World Without Cows.
- Investing in education and research to address issues such as soil health, greenhouse gases, carbon sequestration, methane mitigation, antimicrobial resistance — and more.
- Sharpening its ESG strategy by continually reducing its environmental impact, prioritizing social responsibility and adopting governance practices that ensure transparency and accountability.
Through data and stories from Alltech team members around the world, the 2023 Alltech Sustainability Report emphasizes the role of agriculture in combatting climate change and creating healthy, sustainable food systems. It also includes information about Alltech’s emissions reduction goals and highlights its efforts to improve energy usage, reduce waste, and advance environmental actions in the industry. Additionally, the report outlines the steps Alltech has taken to promote a diverse and inclusive work environment and demonstrates its team members’ efforts to make a difference in the communities in which they live and work.
2023 highlights include:
- Alltech has reduced its Scope 1 and Scope 2 emissions by 19.8% from its 2021 base year. It aims to reduce its Scope 1 and 2 emissions by 42% by 2030 (from its 2021 base year) and its Scope 3 emissions by 25% by 2030 (from its 2023 base year).
- Alltech completed 19 energy efficiency projects. It conducted 31 energy efficiency project feasibility studies and six renewable energy project feasibility studies. The company invested $3.85 million in efficiency projects in 2023, resulting in the reduction of 8,990 metric tons of CO2e.
- Alltech completed 74 core product life-cycle analyses across its top seven specialty ingredients and 17 production facilities.
- Alltech was awarded three EcoVadis sustainability medals in 2023.
- Alltech Serdán was recertified in 2023 as Empresa Socialmente Responsible (ESR).
- Alltech was accredited by the Pet Sustainability Coalition for the third year in a row.
- Sixty team members participated in the Women in Food & Agriculture Mentorship Program.
“2023 was another milestone year for Alltech as we advanced our mission and vision of Working Together for a Planet of Plenty,” said Dr. Mark Lyons, president and CEO of Alltech. “In the five years since it was launched at the Alltech ONE Conference in Kentucky, Planet of Plenty has become a strategic driver of our business and an accelerator of what is even more important: our impact. Through new partnerships and ongoing collaboration with trusted allies we’ve worked alongside for decades, we continue to drive progress toward our shared goal of a world of abundance for future generations.”
Alltech continues to serve as a voice for the industry, advancing agri-food innovation and highlighting agriculture’s role in nourishing the world and nurturing the planet. Through publications like the Alltech Sustainability Insights Report, the Alltech Sustainability Report, Agri-Food Outlook, Harvest Analysis, Import Risk Analysis and others, the company serves as an industry thought leader and helps to address some of the most pressing issues facing the agri-food community.
Alltech shares the sustainable power of science in agri-food through stories, podcasts, blogs and videos on its Planet of Plenty website. This year, Alltech is promoting Planet of Plenty’s first feature-length documentary, World Without Cows, a three-year exploration of the true impact of cattle on our world.
The film takes viewers to more than 40 locations around the world to hear insights from leading scientists, farmers, economists and other experts about the cultural and economic significance of cattle, their role in nourishing the world and their impact on climate. It aims to broaden the conversation about the role of cattle and to inspire deeper reflection about their role in the vitality of our planet. Learn more at worldwithoutcows.com.
For more information and to download the 2023 Alltech Sustainability Report in full, visit alltech.com/sustainability.