About our impact
InspiraFarms Cooling considers and takes its Environmental, Social and Governance (ESG) responsibilities across all aspects of our business seriously. For this reason, we have aligned strategies, and operations with universal and local principles on human rights, labour, environment, and anti-corruption, and take actions that advance these societal goals. Additionally, we commit to running our business in a socially and environmentally responsible manner, focusing on ethical and sustainable practices.
We strive to balance our purpose and profit to create a positive impact for all stakeholders, including our employees, customers, community, and the planet. By prioritising ESG considerations, we can drive long-term value creation and contribute to a more equitable and sustainable future.
Since 2021 InspiraFarms has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment, and anti-corruption. InspiraFarms Cooling has aligned strategies and operations with universal and local principles and takes actions that advance these societal goals.
By committing to sustainability, the company has taken up the shared responsibility of achieving a better world, to promote the 10 principles UN Agenda 10, and the Sustainable Development Goals. We report our progress annually via Communications on Progress.
B Corporations are companies committed to measuring and considering their environmental and social performance with the same attention traditionally given to economic results. These companies believe in business as a positive force to produce value for the biosphere and society.
Becoming a Benefit Corporation entails changing the company’s corporate purpose and publicly registering the Annual Report supplemented by the Impact Report with the Chamber of Commerce. In turn, the international B Corp certification requires annual monitoring of impacts through the B Impact Assessment. Therefore, each of our work is assessed on the basis of impact indicators linked to the UN Sustainable Development Goals (SDGs). In pursuing and reporting these impacts, we are committed to the highest standards of transparency and are guided by a rigorous scientific approach and the ethical values that have always set us apart.
Environment
Emissions from food losses from farm to retailers represent 3.7% of all Green House Gasses (GHG). 30-50% of food produced in Africa is lost, making food systems the second biggest contributor of Green House Gasses. This is astonishing when put into perspective that it is double the impact of aviation, or put another way, if food losses were a country, it would be the third biggest emitter in the world after the US and China. Beyond the reduced emissions from mitigated food loss, InspiraFarms uses designs, engineering, and technology to lower energy consumption, all for the overall resiliency against physical climate risks.
Social
Our key focus area is utilising good post-harvest management and cold chain to generate millions of high-quality rural jobs along the chain. The net improvements in such value chains in local communities are resulting in reductions in waste that are then incommensurable.
Governance
As a company, we have subscribed to best practice governance practices and embedded them into our governance documents and reporting. We have embedded multiple articles in our founding documents and are obliged to follow them.
Additionally, a whistle-blowing line is available for anyone, including external stakeholders, to report any concerns related to our business practices or ethical conduct. Our commitment to transparency and accountability is reflected in our willingness to investigate all reports and take appropriate action.
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