WACOT’s Corporate Responsibility and Sustainability approach is based on respect for the people, communities, and the environment. At WACOT, we firmly believe in the responsible and sustainable sourcing of products across our operations. One of our pillars of success is the welfare and improvement of the people and communities that are a part of our operations.
We constantly implement a shared approach to corporate responsibility and sustainability, this approach is three-fold:
local industries using our abundant natural resources, thereby creating jobs and providing high-quality food for our communities.
by empowering women from an economic and workplace perspective.
focused on Agriculture, Health care and Women Empowerment. Some of our notable initiatives are the Farmers Development, Women Empowerment and Community Healthcare programmes across our communities of operation.
Our sustainability programmes apply a structured value chain approach to our out-grower farming initiatives. It cuts across our different value chains of cocoa, cotton, and sesame . We apply a structured value chain approach to our programmes by:
⦁ Organising farmers through registration and creation of smallholder farming groups and cooperatives. This helps the farmers attain increased productivity, income, and purchasing power, as well as develop a savings culture which in turn creates economic development in their communities.
⦁ Providing easy access for farmers to quality agro-inputs including seeds, fertilisers and other growth promoters, and crop protection chemicals.
⦁ Facilitating capacity-building training for the farmers on good agricultural practices (GAP) and yield enhancement techniques (YET).
⦁ Off-taking produce at market prices with immediate cash payments.
Our governance framework for Sustainable Development (SD) relies on several internal and external drivers:
Internal SD drivers are centred around WACOT’s mission and values which are upheld through our corporate strategy.
External drivers include stakeholder expectations and the global community’s requirements for the maturity of the Company’s SD governance framework.