Rabobank inks pact with EID Parry for cane production

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Chennai | Published: November 20, 2014 2:12:47 AM

Rabobank has entered into an agreement with EID Parry, one of the largest producers of sugar, and WWF-India...

Rabobank has entered into an agreement with EID Parry, one of the largest producers of sugar, and WWF-India, to collaborate on sustainable production of sugarcane and work towards reducing business risk in the face of high water and carbon footprint.

The partnership will produce tools that will track and measure two key issues related to sugarcane production — water use and Green House Gas (GHG) emissions. It will also advice on efficient management of water along the supply chain.

The three-year project will be carried out across EID Parry’s sites in southern India, with Rabobank being the facilitator and WWF-India providing the knowledge input, said a press statement here on Wednesday. The initiative is a strategic alliance between these three institutions aimed at supporting businesses towards implementing sustainable practices.

Surojit Shome, CEO, Rabobank India, said, “We are excited to partner with EID Parry, a long-standing client group along with environmental sustainability experts like WWF- India. This project is an integral part of Rabobank’s broader food and agri business strategy of increasing food availability in an environmentally sustainable way. We are certain that this project will enhance our client’s overall performance in a responsible and efficient manner.”

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