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KWS SAAT SE & Co. KGaA: Sustainability starts with the seed - KWS publishes sustainability targets for 2030

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DGAP-News: KWS SAAT SE & Co. KGaA / Key word(s): Sustainability
20.09.2021 / 11:00
The issuer is solely responsible for the content of this announcement.

Einbeck, September 20, 2021


Sustainability starts with the seed - KWS publishes sustainability targets for 2030

Plant breeding as a key technology for sustainable farming into the future: In its "2030 Sustainability Ambition," the plant breeding company KWS has set ambitious, measurable targets for itself that address economic, ecological and social components of sustainability. The ambition focuses on such issues as securing food production, limiting the use of resources, increasing the diversity of crops and varieties, and supporting sustainable nutrition. The company will also improve its own ecological footprint.

The agricultural sector faces enormous challenges: It needs to produce enough food to feed a world population that, according to UN estimates, will have grown to 10 billion people by 2050. At the same time, the industry has to address climate change, protect biodiversity and reduce the use of pesticides and other agricultural resources. Innovative plant breeding can and will play a key role in successfully and sustainably meeting these challenges.

"We want to be a reliable partner for farmers and the entire agricultural value chain in the future as well," says Spokesperson of the KWS Executive Board Dr. Hagen Duenbostel. "Our 2030 Sustainability Ambition helps us translate the demands placed on the agriculture industry to create a concrete roadmap for our company to deliver solutions as a seed specialist to support economically viable, ecologically durable and socially responsible farming." Duenbostel also says: "New and adapted varieties contribute to reducing the use of pesticides, fertilizers and other farming resources while also achieving high, stable yields. In addition, KWS's diverse and thriving portfolio makes an important contribution to supporting balanced crop rotation and biodiversity in crop production as well as to achieving a balanced, varied diet."

"Our work has always focused on sustainability, but we have now taken the next step and defined a clear ambition with measurable targets that we want to achieve by 2030," explains KWS Corporate Responsibility Manager Marcel Agena. "These targets define our future path and help us to reach the milestones along the way."

As part of its Sustainability Ambition, KWS has formulated six core targets in the areas of "product impact" and "corporate responsibility."

Sustainability targets for 2030 from the category "product impact":

1) Realize an annual 1.5% increase in yield by

- Making progress in plant breeding

- Providing digital solutions to farmers on more than 6 million hectares of agricultural land

2) Limit the use of resources in agriculture by

- Investing more than 30% of the annual KWS research and development budget into reducing the use of resources

- Ensuring more than 25% of KWS varieties are suitable for low input agriculture

3) Enhance crop diversity by increasing the number of crops with targeted breeding programs from 24 to 27

4) Support a more sustainable diet by expanding KWS varieties suitable for direct human consumption to more than 40%

Sustainability targets for 2030 from the category "corporate responsibility":

1) Improve the company's operational footprint by

- Reducing scope 1 and scope 2 CO2 emissions by 50% by 2030; achieving a net-zero target by 2050

- Establish score cards to provide transparency on ecological footprint of all seed production sites

2) Foster the company's social commitment by

- Investing at least 1% of annual EBIT (operating income) into global social projects

- Measuring and steadily increasing employee engagement

- Continuously declining the ration of occupational accidents/illness index

KWS will report on its progress in achieving these targets starting in 2022 with the publication of its annual sustainability report. You can find more information about the sustainability targets for 2030 and KWS's approach to sustainability at www.kws.com/sustainability

 

About KWS*

KWS is one of the world's leading plant breeding companies. In the fiscal year 2019/2020, more than 5,700 employees in 70 countries generated net sales of EUR 1.3 billion. A company with a tradition of family ownership, KWS has operated independently for more than 160 years. It focuses on plant breeding and the production and sale of seed for corn, sugarbeet, cereals, rapeseed, sunflowers and vegetables. KWS uses leading-edge plant breeding methods to increase farmers' yields and to improve resistance to diseases, pests and abiotic stress. To that end, the company invested more than EUR 200 million last fiscal year in research and development.
*All indications excluding the results from the companies accounted for using the equity method AGRELIANT GENETICS LLC, AGRELIANT GENETICS INC. and KENFENG - KWS SEEDS CO., LTD.

For more information: www.kws.com. Follow us on Twitter(R) at https://twitter.com/KWS_Group.

Contact:
Marcel Agena
Manager, Corporate Sustainability
Tel. +49 (0)5561 311-1393
marcel.agena@kws.com

Sina Barnkothe
Expert, Corporate Communications
Tel. +49 (0)5561 311-1783
sina.barnkothe@kws.com

KWS SAAT SE & Co. KGaA
www.kws.de
 


20.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

KWS SAAT SE & Co. KGaA

Grimsehlstraße 31

37555 Einbeck

Germany

Phone:

+49 (0)5561 311-0

Fax:

+49 (0)5561 311-322

E-mail:

info@kws.com

Internet:

www.kws.de

ISIN:

DE0007074007

WKN:

707400

Indices:

S-DAX

Listed:

Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1234413


 

End of News

DGAP News Service

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