- Challenging economic conditions in macadamia and cocoa sectors leading to declines in impact metrics (reaching smallholder farmers and sustaining jobs)
- Limited access to financial resources for SMEs in SSA
- Inconsistent and inaccurate carbon data reporting from borrowers
- Reduced demand for macadamia nuts from Western markets due to the Russia/Ukraine war, inflation, and interest rates.
Lending for African Farming Company (LAFCo)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Lending for African Farming Company (LAFCo) disclosed greenhouse gas emissions of 523.2K tCO2e/year (estimated). By scope: Scope 1: 42 tCO2e/year; Scope 2: 522.5K tCO2e/year; Scope 3: 529 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
523.2K tCO2e/year (estimated)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 42 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 522.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 529 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced portfolio carbon footprint by approximately 75,000 tonnes CO2e compared to 2022 (though data inconsistencies acknowledged)
- Improved carbon data reporting from borrowers in 2023 compared to 2022
- MacsKen utilizes waste shells from macadamia processing for energy production.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete market studies in West Africa (expected in 2024)
📅 Medium-term
- Increase the number of smallholder farmers linked to SMEs
- Increase new full-time equivalent jobs created in borrower companies
- Maintain 35% female smallholder farmers
🌱 ESG Focus Areas
Economic EmpowermentFood SecurityGender EqualityEnvironmental SustainabilityClimate Risk Management