Establishing a strong tool to steer our portfolio towards increased sustainability
Syngenta Group has developed a Portfolio Sustainability Framework (PSF) to provide increased transparency to external stakeholders on the ongoing sustainability profile of the portfolio and to facilitate internal decision-making.
Implementation of the PSF started in 2024 with the Syngenta Crop Protection business unit. Adaptation and implementation across other business units is planned in the foreseeable future.
Jeff Rowe
"The Portfolio Sustainability Framework (PSF) is a clear demonstration of how we place sustainability at the core of our business. As we gradually embed this framework into our decision-making processes, it will help us direct resources on the most needed and promising technologies to support our customers and address the global challenges in agriculture. It underpins our business performance and long-term growth."
A scalable and data-driven framework, the PSF is designed to rate a given formulated product, in a particular crop and specific geography.
The PSF was proactively developed considering characteristics and requirements specific to the sector, inspired by the Portfolio Sustainability Assessment guidelines set forth by the World Business Council for Sustainable Development (WBCSD), a framework widely embraced by many chemical companies, reporting tangible business benefits and progress.
The overall methodology and a sample of products in the 2023 baseline were subject to review by external consultants, Arthur D. Little (ADL). ADL was one of the co-authors of the Portfolio Sustainability Assessment methodology published by the World Business Council for Sustainable Development (WBCSD) in 2018.
Results from 2023 baseline for Syngenta Crop Protection portfolio expressed in sales % per tier
As the framework gets embedded into the business, data is refined and additional benefits are documented, targets for Syngenta Crop Protection are expected to be set after the first year of adoption.
A VITAL TIME FOR AGRICULTURE
With the global population on track to reach 9.7 billion by 2050, farmers need to grow more food while reducing their impact on the environment and safeguarding natural resources.