Our ESG Policy and Management System defines a set of principles, procedures, and objectives that ensure we are investing responsibly. From sourcing to exit, all opportunities are analyzed following the IFC Performance Standards.
Biomega’s business model is deeply ingrained within the concept of circularity. By challenging the traditional take-make-dispose extractive model, Biomega’s impact comes from the transformation of undervalued raw material from the salmon industry into premium food and pet food ingredients through an accelerated biorefining process. Since 2016, more than 100,000 tons of salmon processing by-products have been pulled out from traditional waste streams and introduced into Biomega’s biorefineries.
AMERRA’s acquisition in 2017 has allowed Biomega to release its full growth potential. Today, the company aims to increase the number of production facilities by entering into strategic partnerships with raw material providers of salmon, cod, pelagic and mesopelagic, as well as chicken and other types of poultry.
Tons of salmon offcuts were used as raw materials in Biomega’s biorefineries in 2018
Pipeline Foods is a premier supply chain manager for organic and non-GMO specialty grains, oilseeds, and food ingredients. With strong values around sustainability, integrity and collaboration, Pipeline Foods’ vision is to accelerate the availability of healthy organic, non-GMO and regeneratively grown food through the development of a transparent supply chain and long-term relationships with its stakeholders. Since the investment was made in 2017, AMERRA has actively supported Pipeline Foods’ Sustainability Team on a wide variety of activities that resulted in the creation of its Impact Program. To learn more about Pipeline Foods Impact Program please visit: https://www.pipelinefoods.com/impact
Environmental, Social and Economic issues prioritized in materiality assessment conducted in 2018
AMERRA Cares! is our internal program through which we partner with non-profit organizations and local initiatives that work in the agriculture and food sector. Our purpose is to have a positive impact on the local communities where we and our portfolio companies operate, by promoting positive change and contributing to their holistic development.
Donation Drive for Hurricane Dorian Relief in the Bahamas
Conducted in (September 2019) this was the first impact program initiative, organized by AMERRA Cares! With participation from the AMERRA staff, AMERRA Cares! contributed to a shipment of 66,000 lbs. of safety and hygiene items organized by the Bahamian Consulate.
In conjunction with the clothing drive, AMERRA staff contributed funds and participated in blood drives to show support and solidarity with the victims of Hurricane Dorian.
Holiday Toy Drive
AMERRA Cares! partnered with the Coalition for the Homeless’ Holiday Toy Drive in New York City. The drive ran from November through mid-December 2019. With the participation of the AMERRA staff and several donations, we successfully contributed to making the holiday a little brighter for those who deserve it the most, children.
Seeds for Progress: Cultivating Lives Through Education
The Seeds for Progress Foundation improves access to high-quality education, a basic human right that contributes to social development and sustainable economic growth by creating opportunities to advance the quality of life for students, teachers and their families in the rural communities of Nicaragua’s coffee-growing regions.
AMERRA has worked with the Seeds For Progress Foundation since 2013 to improve the overall conditions of the Aguas Amarillas School in Nicaragua. The support has resulted in new classrooms, water system, technology classroom, school safety and the Digital Seeds Program.