Dimitra Inc. announced the launch of Dimitra ESG—a new service directed at supporting agribusinesses to navigate an ever-ascending landscape with the importance of Environmental, Social, and Governance standards. Most agribusinesses, since 2020, are aware that ESG criteria are becoming key to competitiveness in global markets and simultaneously are aware that they are not ready to meet these standards. Dimitra ESG will shorten this gap and will support agribusiness with technical assistance in ESG mapping, policy implementation, and long-term sustainability.
With increasing emphasis on the application of ESG standards in the global market, there is an increasing reputation risk, financial loss, and exclusion from key markets in case of non-compliance by companies. Dimitra ESG addresses these challenges by giving agribusinesses a structured way to assess and improve their respective ESG practices. Breaking into the market would hence be very timely because for any business to succeed in the global marketplace, the need for sustainable and responsible operations automatically becomes priority number one.
The Dimitra ESG process will have primarily two phases. First is the phase of ESG maturity mapping, where companies and cooperatives will be rated for their current knowledge on ESG and actual practices. This would be based on a much-detailed survey that helps to bring out areas of strength and those needing improvement. The next steps will be using sophisticated technologies such as AI for end-to-end evaluation and blockchain for source-to-source data integrity. Using these assessments, Dimitra ESG delivers advanced consulting services to help an organization design and implement effective ESG policies and programs.
One of the key features of Dimitra ESG is the implementation of Web3 technologies, especially the incorporation of DMTR ERC-20 tokens. This utility token can be deployed for a number of ESG activities, from buying carbon offsetting to investing in social programs for small farmers and even buying real-world assets like forestry assets. In this model, organizations can measure their ESG capabilities and, figuratively, do something to reduce their footprint.
The importance of Dimitra ESG comes in handy with the fact that major industry players were onboarded during its early stages, such as ABRAFRUTAS, the Brazilian Association of Producers and Exporters of Fruits and Derivatives. ABRAFRUTAS, accounting for approximately 80% of fresh fruit exports of Brazil, has allied with Dimitra ESG toward an improvement of its members in ESG practices. This cooperation is very special, especially regarding the fact that Brazil is the leading world exporter of fruits such as mango, melon, papaya, lime, and grapes, which are highly demanded in the world market as a result of high quality and food safety standards.
Fruit export from Brazil in 2023 was 1.2 billion US dollars, which means the sector has grown with huge potential. Cooperation between Dimitra ESG and ABRAFRUTAS will be an important step in their effort to comply with global ESG standards, as compliance will be key to ensuring that Brazilian fruit producers continue to find a place in international markets. The fruit export sector in Brazil brings not only economic contribution but also jobs and community livelihood, making this adoption critical.
By offering ESG compliance to agribusinesses, Dimitra ESG seeks to localize improvement in practices within the agricultural sector while contributing toward the global vision of a sustainable agriculture industry. Thereafter, blockchain technology adds transparency and security to data and transactions, boosting the credibility and potential effect of ESG initiatives.
It represents a significant step forward for agribusinesses in their ability to compete in global markets through rigorous ESG standards. Positioned to steepen the agricultural sector’s growth and sustainability track over the long term because of its structure, advanced technologies, and strategic partnerships, Dimitra ESG is a service that will be vital to shaping the future of sustainable agribusiness as more businesses take ESG into consideration.
Source: Cointelegraph