These are risks associated with adverse and/or extreme weather events and conditions that may affect commodity cycles, production costs, the integrity of rural and industrial assets and our production chain, as well as the availability of cattle and animal protein. Water scarcity, changes in rainfall patterns, temperature variations, floods, deforestation, fires and greenhouse gas emissions are among the factors that may produce financial implications for Minerva Foods.
In addressing these risks, we monitor greenhouse gas emissions in our operations through an annual inventory that follows the GHG Protocol methodology. Based on the emissions profile, mitigation actions are defined and systems and processes are improved. For monitoring of our supply chain, we rely on a geospatial system to detect deforestation, invasion of indigenous lands and environmental protection areas. We have also implemented, being pioneers in the sector, a monitoring tool directed at indirect suppliers and have developed an application to provide this same technology to our direct suppliers. Furthermore, we have created the Renove program, in a joint collaboration with our supply chain, for the measurement of the carbon balance on ranch properties.
Learn more about our activities to combat climate change.