Review of ESG Management Practices for Nibulon
Client:
Nibulon is one of Ukraine’s leading agricultural companies, recognized as a major producer and exporter. Founded on December 5, 1991, the company operates in agricultural production, grain elevators, trade, and logistics. Following the full-scale Russian invasion, Nibulon also began engaging in humanitarian demining. The conflict caused significant damage to the company’s infrastructure and disrupted normal operations. In response to updated legislation under the EU-Ukraine integration process and to enhance non-financial reporting, the company initiated a review of its ESG (Environmental, Social, and Governance) practices. The goal was to assess current efforts, identify areas for improvement, and prepare an ESG report.
The project consisted of three key tasks:
ESG Assessment and Roadmap Development: This task involved analyzing Nibulon’s existing operations to assess the effectiveness of implemented ESG practices. Based on the findings, an ESG roadmap was developed to guide future improvements.
ESG Policies and Procedures: The second task focused on developing and refining ESG-related policies and procedures to align with sustainability standards and best practices.
ESG Reporting: The final task was to prepare the company’s ESG report, highlighting key practices, achievements, and impact.
AVG carried out a gap analysis, taking into account local and international legal requirements, investor expectations, and global reporting standards such as GRI and CSRD. Key focus areas were identified to inform the ESG implementation roadmap.
The study explored potential opportunities in sustainable development and assessed available resources for implementing ESG initiatives. Based on the analysis of company documents, surveys, and site visits, AVG produced an Audit Report and a detailed ESG Roadmap.
As part of Task 2, existing documents were reviewed and adapted. Recommendations were provided to align them with sustainability standards. A list of required documents for update or development was compiled, and support was provided in drafting ESG policies and procedures.
For Task 3, the logical structure of the ESG report was designed using international best practices in sustainability reporting. The provided data was analyzed to ensure its accuracy, completeness, and relevance. Key topics for disclosure were identified based on the company’s impact and stakeholder interests. The final ESG report presents Nibulon’s activities, achievements, and initiatives in a clear and concise manner, along with suggestions for visual presentation to enhance accessibility.
The report captures the company’s approach to sustainable development and its contributions across economic, social, and environmental domains.
