Safeguard Food Security and Nutrition
Environmental – Social – Corporate Governance
Our impact
Our mission is to safeguard Food Security and Nutrition. Therefor we commit ourselves to developing a competitive agricultural structure in Austria. We put our mission in place by building strong partnerships with agricultural entrepreneurs and by cultivating a proactive approach towards global competition and generations in transition. With our actions we strengthen local communities (e.g. sustainable income through agriculture, creation of new jobs, contributing to rural development) and through local decisions we achieve a better social and ecological outcome. In addition, we assist agricultural entrepreneurs in deploying new technologies and solutions. By facilitating conservation tillage and environmentally sound forms of cultivation, we contribute to safeguarding long-term yield capacity and healthy soils.
The difference we make is Partnership. VEDAXS is not a lease model but an equity or contractual partnership.
Equity partnership
the goal is, that arable land is fully owned by agricultural entrepreneurs. As equity partners agricultural entrepreneurs are entitled with the right to buy-out VEDAXS at the end of the period.
Contractual partnership
the goal is, to expand land in operations and reduce overhead. We share success by benefiting agricultural entrepreneurs with a profit share.
What does it mean to take ESG aspects into consideration?
Nowadays companies integrate aspects of sustainability into their decision making. The fundamental base is The Paris Agreement on climate change and the Task Force on Climate-related Financial Disclosures (TCFD).
Aspects of sustainability typically encompass none-financial aspects of businesses:
Social aspects
e.g. occupational health and safety, increasingly up-/down streaming labour conditions in the supply chain, stakeholder management and social commitment according to corporate social responsibility (CSR);
Relevant aspects for agriculture: safe working clothes, safety goggles, breathing masks, work gloves, complying with maintenance intervals, corporate health care, fair trade, etc.
Environmental aspects
e.g. emissions, considerations regarding energy and resource efficiency, availability of natural resources, risk potential of natural disasters;
Relevant aspects for agriculture: leaching of fertilizer into groundwater, soil compaction, erosion of sediments, implications of crop protection towards biodiversity, etc.
Governance aspects
e.g. compliance, aspects of business ethics and transparency in reporting and documentation;
Relevant aspects for agriculture: transparent clearing and settlement of EU and national subsidies (documentation), cross-compliance, documentation for quality labels and certification, Farm2Fork strategy, etc.
