Company demonstrates commitment to sustainability and empowers over 9 million Indian farmers.
AgroStar, India’s foremost AgTech company which serves over 9 million Indian farmers and reaches global customers across 25+ countries, proudly announced the release of its comprehensive Environmental, Social, and Governance (ESG) impact report 2024, titled ‘Sowing Seeds of Sustainability.’ The impact assessment was conducted by Aspire Impact, a leader in impact leadership and ecosystem development.
Aspire used its proprietary 4P framework to assess AgroStar’s impact across People, Planet, Product, and Policy. These are further broken down into 13 categories and 40 impact standards, with around 160+ metrics collected and analysed. In recognition of AgroStar’s exceptional impact performance, Aspire Impact has awarded the company the ‘Gold Leaf’ rating. “Helping Farmers Win,” is at the heart of AgroStar’s operations and the company focuses on five key stakeholders: employees, retail partners, last-mile delivery partners, global customers, and most importantly, farmers.
AgroStar employs a cutting-edge digital-first strategy, delivering scientific agronomy knowledge through multiple channels. This approach has successfully resolved over 10 million farmer queries and garnered over 325 million video views, ensuring farmers receive expert guidance anytime, anywhere.
The ESG report provides a comprehensive view of the initiatives and actions undertaken by AgroStar. Key highlights of the report include:
Increased Yield and Reduced Costs: Indian farmers have increased their yield by an average of 27% with the help of AgroStar products and advisory services while reducing their input cost by 17 per cent.
Water Conservation: The company’s agri-input products have contributed to the global cause of water conservation by reducing water consumption by 423 billion litres.
Carbon Sequestration: The use of the company’s environmentally friendly products has helped restore 580 metric tonnes of carbon matter into Indian soils.
Reduced Food Wastage: Optimal post-harvest processes introduced by the company have led to a reduction in food wastage to less than 1% in its supply chain, compared to industry standards of 6-10%.
Product Safety and Traceability: The company’s F&V brand ‘Kimaye’ ensures product safety by achieving 100% compliance with the food safety requirements of 25+ importing countries. Additionally, 100% of Kimaye products are part of a traceability system.
Workforce Diversity: The company promotes workforce diversity and provides work opportunities to women in the rural agriculture ecosystem, with over 75% of employees being women at its fruit and vegetable packhouses.
Economic Opportunities for Women Farmers: The company offers equitable economic opportunities to women farmers, providing them a premium price for their produce procured for its ‘Kimaye’ brand.
Shardul Sheth, Co-founder & CEO of AgroStar, expressed his pride and commitment in the following statement: “Since our inception, we have been driven by a deep-rooted commitment to making a meaningful impact on the lives of farmers across India. As an organisation deeply entrenched in the agriculture sector, driving positive change is woven into our DNA. Our ESG Report 2024 – ‘Sowing Seeds of Sustainability’ – not only measures the direct and indirect impact of our work but also showcases our dedication to sustainable development. We are incredibly proud to have received a gold rating from Aspire Impact for our sustainability efforts and committed to driving impact on our identified UN SDGs (sustainable development goals) and our mission of Helping Farmers Win.”
Arvind Sridharan, Co-founder & CEO of Aspire Impact, mentioned, “We had the privilege of assessing AgroStar’s transformative impact on the Indian agriculture ecosystem through extensive interactions with their farmers, partners, and employees. Their commitment to sustainability and innovation is evident in every aspect of their work. This report showcases their dedication to driving positive change and sets a high standard for transparency and accountability in the industry.”
