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Sustainability
Transforming Sustainability Reporting for a Leading Agricultural Company
Horizon Works LLC is proud to present a comprehensive case study on our successful collaboration with a prominent Singapore Exchange (SGX) listed company in the agriculture sector. This company, engaged in the cultivation of crops and production of raw milk, required an extensive overhaul of their carbon accounting and sustainability reporting processes to meet stringent regulatory and industry standards.

Read the report here.
Project overview
Client: DonAgro - SGX-listed company (Singapore)
Partner: Offsetted (Germany)
The Challenge:

  • Carbon Accounting: Needed comprehensive carbon accounting through Scopes 1, 2, and 3, in alignment with the Green House Gas (GHG) Protocol.
  • ESG Performance Calculation: Required precise Environmental, Social, and Governance (ESG) performance calculations.
  • Sustainability Reporting: Required a Sustainability Report for Fiscal Year (FY) 2021 that was compliant with the Global Reporting Initiative (GRI) standards for SGX listing.
Our Solution
To address these challenges, Horizon Works LLC employed a multi-faceted approach that leveraged our expertise in sustainability and advanced reporting technologies.
Carbon Accounting
Carbon Accounting
Calculation of GHG Emissions
Actions taken:

  • Scope 1: Direct GHG emissions from owned or controlled sources were meticulously calculated.
  • Scope 2: Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling were assessed.
  • Scope 3: All other indirect emissions that occur in the company’s value chain, including both upstream and downstream emissions, were comprehensively evaluated.
ESG Assessment
ESG Assessment
Evaluation of key sustainability metrics for the sustainability reporting process
Actions Taken:

  • We utilized the IRIS+ framework to create a robust ESG dashboard. This framework ensured that the company's ESG performance metrics were not only accurate but also aligned with global standards and investor expectations.
  • The whole list of required SGX metrics for sustainability reporting was created and implemented within the data collection process.
Sustainability Reporting
Sustainability Reporting
Preparation of the sustainability report
  • Our climate experts prepared a GRI-compliant Sustainability Report for FY 2021. This report was specifically tailored to meet SGX requirements, ensuring full compliance and enhancing the company’s transparency and accountability in sustainability practices.
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Results
Cost-efficient sustainability solution was successfully delivered
  • ~96%
    Of budget saved that would have been required to establish an in-house sustainability team
  • 10x less money
    Spent on sustainability reporting compared to traditional methods
  • GRI-compliant
    All the regulatory requirements were met
Conclusion
This case study underscores Horizon Works LLC’s commitment to delivering high-quality, cost-effective solutions that drive significant value for our clients. Our expertise in sustainability and advanced reporting frameworks enabled a leading agricultural company to achieve their sustainability goals efficiently and effectively.
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