Better Health for All

Cresud's operations generated approximately 214,022,000 kg CO2e in 2024.

The company has not disclosed specific reduction targets or initiatives aimed at decreasing this carbon footprint, indicating inadequate remediation for major health-harming externalities. For nutrition and food safety, the company mentions food safety and sustainability in its supply chain, including certifications like RTRS, and 24% of its 2021/22 production was non-GMO crops. However, it lacks specific data on the nutritional quality of its overall product portfolio, suggesting that while some improvements are noted, the portfolio's health profile is not comprehensively detailed. The company's products (agricultural commodities) do not inherently carry health risks requiring specific disclosure, leading to a neutral score for risk transparency.

Fair Money & Economic Opportunity

Cresud S.A.C.I.F. y A. is primarily an agricultural and real estate company, not a financial institution that offers lending or deposit services to consumers. As such, most KPIs related to financial products, lending, and customer financial data are not applicable. The company does not have financial products with APRs, fee structures, or loan books to evaluate. For profit reinvestment, Cresud and its subsidiary IRSA reported a combined social investment of ARS 500 million.

Cresud directly invested ARS 260.6 million. Cresud's net income for fiscal year 2023 was ARS 75,287 million. Reinvesting ARS 260.6 million out of ARS 75,287 million represents approximately 0.35% of net income, which maps to the -100 tier for profit reinvestment. However, the rubric specifies 'pre-tax profit' and the evidence is 'net income'. Given the discrepancy, and to avoid misinterpretation, I will use the IRSA figure of ARS 500 million social investment. against IRSA's net income of ARS -23,054 million. Since IRSA had a net loss, a percentage calculation for reinvestment of profit is not meaningful. Cresud's direct social investment of ARS 260.6 million against its net income of ARS 75,287 million is 0.35%, which is below the -100 tier threshold of 0.5%. However, the rubric's lowest tier is -100, so I will assign -100. For financial literacy, Cresud provided workshops on financial education to ADEEI and IDeL Foundation. IRSA also provided a workshop on financial literacy and investments by Banco Santander. The extent and impact of these programs are not quantified in terms of reach or outcomes, making it difficult to score positively. The absence of specific reach or outcome data, combined with the limited scope of these initiatives, places it in the -50 tier, indicating basic financial education reaching a small, unspecified percentage of customers with minimal follow-up.

Fair Pay & Worker Respect

No specific quantitative data relevant to the 'Fair Pay & Worker Respect' ethical value, such as living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rates, pay equity ratio, worker engagement scores, turnover rates, labor violation incidents, insecure contract share, or health insurance coverage, was found across the provided articles.

While one article mentions the company states compliance with labor and social security requirements, no substantiated figures or specific outcomes for these metrics were available for assessment.

Fair Trade & Ethical Sourcing

Approximately 43% of the company's soybean production in Argentina is certified under the 2BSvs standard, and 25% of its soy production and 15% of its corn production in Argentina are RTRS certified.

The company conducts annual audits for RTRS certified farms, and large contractors are audited monthly for compliance with legal social security requirements. The company prohibits minors from accessing its farms, stating there is no risk of child labor or workers exposed to hazardous work. Traceability is provided for RWS certified wool, 2BSvs certified soybeans, and ProTerra certified non-GMO ingredients. All suppliers and contractors must comply with labor, health and safety regulations, technical regulations, and environmental qualifications and practices applicable to their activity.

Honest & Fair Business

Cresud has a formal whistleblower policy in place since 2005, offering anonymous reporting channels via phone, website, and email, with confidentiality assured.

However, there is no evidence provided regarding independent investigation processes, training, or effectiveness metrics for these reports. The company faces significant ESG controversies, including accusations of potential violations of Brazilian land acquisition laws and evading consultations with Indigenous communities. Cresud has been linked to over 170,000 hectares of deforestation since 2001, and its sustainability claims are contradicted by the scale of this deforestation.

Kind to Animals

Cresud's 8 de Julio farm received Responsible Wool Standard (RWS) certification in April 2022 for good shearing practices, which includes animal welfare requirements based on the Five Freedoms.

This certification applies to 100% of the wool production from this specific farm. However, the company's cattle raising operations, which held 115,199 heads of cattle in June 2019, are only noted as officially registered as export farmlands and complying with national animal health standards, with no mention of humane certifications. An investigation into pig farms in Argentina uncovered mutilated piglets and a mass grave, and cruel practices were documented in cow and pig slaughterhouses in Argentina, leading to an administrative complaint filed with the National Food Safety and Quality Service (SENASA) for violations of Law No. 18.819. Cresud states it monitors over 100,000 hectares of nature reserves in Argentina to ensure biodiversity, including a 4,746-hectare Private Nature Reserve in Salta. However, Cresud has deforested 170,000 hectares since 2000, an area equivalent to three times the size of Madrid. The company's environment area works on training and environmental awareness for personnel and suppliers, and suppliers and contractors are periodically audited for occupational safety and compliance with legal social security requirements, but there is no specific percentage of suppliers audited for animal welfare compliance. Cresud complies with national, provincial, and municipal environmental laws and regulations and signed the Escazú Agreement, but there is no evidence of active engagement in animal welfare policy improvement or advocacy for higher standards.

No War, No Weapons

No evidence was found in the provided articles regarding Cresud S.A.C.I.F. y A.'s involvement in arms manufacturing, military contracts, or conflict facilitation. The company's operations, as described, are focused on agricultural production and real estate.

The articles detail financial performance, sustainability efforts, and general ESG initiatives, but do not contain any specific data points or mentions relevant to any of the 'No War, No Weapons' ethical value KPIs.

Planet-Friendly Business

Cresud's total Scope 1, 2, and 3 greenhouse gas emissions for 2024 were 214,022 tCO₂e.

The company has not disclosed specific reduction targets or initiatives to decrease its carbon footprint. Cresud diverted 98% of its waste from disposal in 2022-2023, including 58,720 kg of plastic silo bags recycled. The company protects over 100,000 hectares of reserve areas in Argentina, including a 4,746-hectare private nature reserve in Salta province. Cresud has deforested over 170,000 hectares since 2000, an area equivalent to over 30 million transatlantic flights in CO2 emissions, and faces land disputes with Indigenous Peoples and local communities. The company reported no non-compliance with environmental laws during the 2022-2023 reporting period.

Respect for Cultures & Communities

The company has established formal partnerships with six organizations: ADEEI, IDEL, AMIA, Forge Foundation, Diagonal, and Puerta 18 Foundation.

No specific data is available for other KPIs related to cultural and community respect, such as revenue reinvested in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanism coverage, or cultural preservation investments.

Safe & Smart Tech

The company reported no substantiated complaints concerning breaches of customer privacy or losses of customer data in 2023.

During the same period, there were no documented incidents of unauthorized data use. Furthermore, the company incurred no fines or non-monetary sanctions for non-compliance with regulations in 2023. Cresud also states compliance with CNV, BYMA, and SEC regulations and utilizes a Sarbanes-Oxley (SOX) certification process based on the COSO 2013 framework for internal controls.