Cicero cites ANI’S green practices
AGRINURTURE Inc. (ANI), the listed agro-commercial enterprise led by businessman Antonio Tiu, was one of the companies cited in the 2021 Cicero Shades of Green Best Practices paper, a report that focuses on best practices among global green bond issuers.
In its 2021 listing, Agrinurture was one of only two agriculture firms highlighted in Cicero’s report. It was cited alongside Lantmännen, a Swedish agricultural cooperative.
The Oslo-based climate research institute Cicero provides independent, research-based evaluations of green bond investment frameworks to determine their environmental strength.
Its annual Shades of Green Best Practices report helps investors by providing green, sustainability linked financing frameworks and climate risk assessments of companies.
“Agrinurture is a Philippine agro-commercial business focusing on sustainable environmental practices. The most significant investments are expected in the environmentally sustainable management of living natural resources category by investing in organic/sustainable plantations, using a combination of proven organic technologies and methods and without the use of new agricultural land,” the report read.
“Agrinurture recently received a Cicero Medium Green shading with a governance score of ‘Good.’”
Cicero considered Agrinurture’s certified organic agriculture practices aimed at improving land fertility, reducing and eliminating chemical fertilizers as well as the integration of climate resilience and adaptation strategies to climate risks.
It also took into consideration the company’s practices with potential impacts on expansion of agricultural roads as well as the involvement of fossil fuel equipment in agriculture activities.
The Tiu-led company exports local fruits and vegetables to the Asia Pacific region, europe and North America. The company also has commercial activities in China, hong Kong and Australia with gross revenues of close to $100 million in 2020.