AgroStar's 2024 Sustainability Report Highlights Major Impact on Indian Agriculture

By siliconindia  |  Thursday, 25 July 2024, 03:16:24 PM IST

AgroStar's 2024 Sustainability Report Highlights Major Impact on Indian Agriculture
Leading agritech company AgroStar has released its comprehensive Environmental, Social, and Governance (ESG) impact report for 2024, titled 'Sowing Seeds of Sustainability'. The report highlights AgroStar's significant positive impact on the Indian agricultural ecosystem, showcasing notable achievements in yield improvement, cost reduction, water conservation, carbon restoration, and workforce diversity.
The ESG report reveals that Indian farmers have increased their crop yields by an average of 27% with the assistance of AgroStar’s products and advisory services. Additionally, farmers have managed to reduce their input costs by 17%, showcasing the economic benefits of adopting AgroStar’s innovative solutions. One of the standout achievements in the report is AgroStar’s contribution to water conservation, with their agri-input products helping reduce water usage by a staggering 423 billion liters.
AgroStar has also played a crucial role in environmental sustainability by restoring 580 metric tonnes of carbon matter into Indian soils. Furthermore, the company has made strides in reducing food wastage, achieving less than 1% wastage in its supply chain. AgroStar has actively promoted workforce diversity and created employment opportunities for women in the rural agriculture sector, with over 75% of employees in their fruit and vegetable packhouses being women.
In recognition of AgroStar’s exceptional impact, Aspire Impact, a leader in impact leadership and ecosystem development, has awarded the agritech company with the prestigious 'Gold Leaf' rating.
'Helping Farmers Win' remains the core of AgroStar’s operations, focusing on five key stakeholders: employees, retail partners, last-mile delivery partners, global customers, and, most importantly, farmers. Shardul Sheth, Co-Founder & CEO of AgroStar, emphasized the company’s commitment to making a meaningful impact on the lives of Indian farmers. “Since our inception, we have been driven by a deep-rooted commitment to making a meaningful impact on the lives of farmers across India. As an organization deeply entrenched in the agriculture sector, driving positive change is woven into our DNA,” Sheth said.
AgroStar’s 2024 ESG report not only measures the direct and indirect impacts of its work but also underscores its dedication to sustainable development. Sheth expressed pride in the company's achievements and its Gold rating from Aspire Impact for its sustainability efforts. He reiterated AgroStar's commitment to advancing the identified UN Sustainable Development Goals (SDGs) and their mission of 'Helping Farmers Win'.
AgroStar employs a cutting-edge digital-first strategy, providing scientific agronomy knowledge through various channels. This approach has resolved over 10 million farmer queries and garnered over 325 million video views, ensuring farmers have access to expert guidance anytime and anywhere. Access to high-quality agricultural inputs remains a significant challenge for farmers, who often face a market flooded with low-quality non-branded products. AgroStar addresses this issue by offering a wide range of high-quality branded products through its robust omnichannel distribution system.
AgroStar operates Asia's largest agri-advisory center, managing over 30,000 daily farmer interactions. Through its app, AgroStar provides solutions to a digital network of over 9 million farmers. With a network of more than 10,000 retail stores across 11 Indian states, AgroStar facilitates seamless access to essential products, empowering farmers to make informed decisions regarding their farm management effortlessly.
Through technical innovations and agronomy assistance, AgroStar enables farmers in its network to export produce like pomegranates to the US and bananas to the European Union, opening new markets for Indian fruits and vegetables. Under its brand 'Kimaye', AgroStar helps Indian farmers reach global customers in over 25 countries, allowing them to earn premiums for their produce.
Arvind Sridharan, Co-founder & CEO of Aspire Impact, praised AgroStar's commitment to sustainability and innovation. “We had the privilege of assessing AgroStar's transformative impact on the Indian agriculture ecosystem through extensive interactions with their farmers, partners, and employees. Their commitment to sustainability and innovation is evident in every aspect of their work. This report showcases their dedication to driving positive change and sets a high standard for transparency and accountability in the industry”, Sridharan said.
AgroStar’s 2024 ESG report underscores the company’s role in transforming Indian agriculture through sustainability and innovation, highlighting its achievements and ongoing commitment to helping farmers succeed.

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