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    CSR report 2014

    Dear Reader,

    By 2050, the world could be home to almost 10 billion people*. As a leading supplier of ingredients to food manufacturers, Palsgaard has a supporting role to play in helping to feed this expanding population, while minimising the impact of increasing food production on the environment and its ecosystems.

    In food production, no single solution can create a sustainable future. But with a business model based around optimising food production, content and shelf life for our customers – as well as one of the longest histories of social responsibility in the industry – Palsgaard is in a position to support manufacturers in sustainably meeting their customers’ needs.

    Our ingredients and know-how can help, for example, to turn more of the calories that will be required to feed so many mouths into healthier nutrition. And to minimize food waste.

    As the inventor of the modern emulsifier, we already view some of our achievements as pioneering within our industry. And we intend to continue going above and beyond baseline requirements to create benefits for our stakeholders and society, and to minimise any negative impacts.

    2014 PERFORMANCE

    As a food ingredients manufacturer that uses energy-intensive production processes, we see our most significant impact as environmental.

    In 2014, for example, we undertook several projects to reduce our carbon footprint. And we focused on palm oil – a key raw material in our processes. It’s the highest-yielding vegetable oil, but when produced without regard for the environment, the effects on ecosystems, bio-diversity and endangered species can be devastating. In 2014, our Danish plant achieved RSPO segregated (SG) certification, expanding on our existing RSPO Mass Balance (MB) capability by enabling us to manufacture SG-certified products, too.

    GOING FORWARD

    For 2015 onward, our top priority is to lay plans and introduce new activities to achieve CO2-neutrality at all production facilities by 2020. In Malaysia, for example, we are examining greener fuel alternatives for our production facilities, and in the Netherlands, we are pursuing more sustainable solutions for electricity.

    We will also continue projects to reduce water usage and waste water emissions. At our Danish plant, we will be installing electronic water meters to measure and monitor water usage in real time. And in Malaysia, we already go beyond the local legislative requirements for waste water treatment, but we will intensify our efforts.

    We also intend to continue to increase the use of RSPO-certified palm oil in plant locations outside Denmark, and we are working in Malaysia to identify potential suppliers. We will also remain a dedicated partner to our customers, innovating to bring sustainable advantages to them and their customers wherever possible.

    Finally, we are pleased to confirm our continued support for the UN Global Compact and renew our ongoing commitment to the initiative and its principles.

    We hope that this report will provide you with insight into how we work with corporate social responsibility – and that you will enjoy reading it.

    Kind regards,

    Birger Brix Jakob Thoisen
    CEO, Schou Foundation

    CEO, Palsgaard A/S