On the occasion of the publication of its Benchmark on the global food and agriculture sector 2021, the international body of the World Benchmarking Alliance (WBA) has positioned OCP in 4th place in its ranking out of a set of 350 companies, thereby recognizing its performance in food and agriculture compared to its peers, on key topics.
The WBA is an international non-profit organization, which acts as an independent body and brings together global, regional and local institutions, with the objective of developing benchmarks and supporting companies in achieving the SDGs. These benchmarks are supported by the best available scientific data, while leveraging international norms and standards working to transform businesses to achieve the SDGs.
The Food and Agriculture Benchmark created by the WBA, adopted in this sense, a holistic approach to the transformation of food systems, evaluating companies throughout the food value chain on a wide range of sectors with indicators in four measurement areas: governance and strategy, environment, nutrition and social inclusion.
As a result, the OCP Group won first place in the “Agriculture” segment, but also stood out on several rating criteria, particularly in connection with the Group’s environmental strategy, thanks to to its long-term objectives of reducing greenhouse gas (GHG) emissions and water consumption. Indeed, and for several years, the group has been implementing a strategy that allows it to strengthen its status as one of the most sustainable fertilizer producers in the world and thus meet the sustainable development objectives (SDGs) set by the UN. The Group has set itself several ambitious objectives by launching the “Circular Economy” program within its “Sustainability Platform”, the approach of which aims to create a green dynamic, as well as to promote symbiosis with the industrial ecosystem and communities. These include, among other things, covering 100% of water needs with unconventional water sources by 2030 and reducing specific water consumption in treatment by 5% by 2024.
The international organization has also recognized the Group’s efforts in terms of leadership and social inclusion with the implementation of its flagship programs, such as “Agriboosters” or “Al Moutmir” aimed at improving productivity and ‘access to farmers’ markets and offer end-to-end value chain solutions.
The benchmark results show that the OCP Group meets the highest performance criteria of the food and agriculture benchmark, like the two ratings of the international agencies Vigeo Eiris and Sustainalytics, respectively specialized in assessment of performance in sustainability and in identifying the levels of ESG (Environment, Social and Governance) risks to which the Group has been subject.
It should also be remembered that the OCP Group is not its first initiative and had already joined in 2019 the World Business Council for Sustainable Development (WBCSD), an international association bringing together more than 200 multinationals acting in favor of sustainable development. The mission of the World Business Council for Sustainable Development (WBCSD) is to accelerate the transition to a sustainable world by improving the performance of companies that make sustainable development their spearhead.