Enriching lives, together
Carbery Group Annual Report 2023
See the highlights of our performance in 2023
Annual Report 2023
Welcome to our Annual Review, which provides a summary of our environmental, social and economic activities and performance in 2023. As we grow and develop our business, we know there are a wide range of stakeholders who are interested in Carbery and our performance. This report gives a summary of our performance across f inancial and non-financial measures and covers key achievements and performance data, as well as the challenges and opportunities we have faced over the last 12 months. It is a chance to reflect on our impact and guide our future decisions.
Our Purpose: Enriching lives, together
Our Mission: Dedicated to building a better future for people and planet through the creation of healthier, tastier and sustainable foods.
Creating Value
We have built a business model designed to deliver the best returns possible to our farmer shareholders.
Sustainability
“We have a responsibility as a member of our local communities globally, as a food producer and as a business leader to take our role as guardians of our environment seriously. Just as our farmers view themselves to be custodians of the land they farm for future generations, we recognise that our overall impact on our planet must be a positive one.”
Jason Hawkins
Carbery CEO
GLOBAL ENVIRONMENTAL HIGHLIGHTS
Carbon Emissions
-5.93%
since 2020
This is our total Scope 1 and 2 emissions reduction since 2020. This reduction is against a background of production increases globally.
Water Use
-4.91%
since 2020
Due to an ambitious program of water reduction across the Group.
Waste to landfill
-46.2%
since 2020
We remain committed to achieving zero waste to landfill.
GLOBAL ENVIRONMENTAL INDICATORS
Evolution of Carbon Footprint across Carbery Group
The Group continues to reduce Scope 1 and Scope 2 emissions, with a fall of 5.27% for 2023. The rise in 2021 emissions was due to the acquisition of Innova Flavours.
Evolution of water conservation across Carbery Group
Water consumption across the group has reduced by 4.91% since 2020, which is a considerable achievement alongside a production increase of 11.6% in the same timeframe.
Evolution of Waste to Landfill across Carbery Group
Despite an increase of 1 tonne of waste to landfill. in 2023, Carbery remains well on track to achieving its zero waste to landfill ambition.
FINANCIALS
REVENUE
€616.1m
(-12% on 2022)
EBITDA
€46.4m
(-11% on 2022)
EBITA
€25.5m
(-22% on 2022)
2023 was another successful year in Carbery’s journey. The business performed strongly in what was another challenging year for markets
Cormac O’Keeffe
Carbery Chairman
The strength of our diversified business and our balance sheet allowed us to support our shareholders while also taking the decision to continue to invest in the business and deliver on our sustainability ambitions.
Jason Hawkins
Carbery CEO
Annual Report 2023
Review the Carbery performance for 2023 and how we have delivered on our purpose, enriching lives together.
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