FOREWORD
From Group Managing Director
James Woodrow
As is becoming increasingly clear to us all, the natural beverages industry faces existential challenges. Climate change, supply chain complexity, and human rights issues have become urgent and defining global themes – both for our industry and for consumers. As these issues intensify, it is vital we take action today for the beverages of tomorrow.
With a history that spans nearly three centuries, Finlays understands the challenges of operating sustainably in a changing world. The threats facing our industry have never been greater, but Finlays is well placed to work in partnership with the wider industry to deliver long-term, positive impact across the supply chain.While the trading environment for the beverage industry remains challenging, I am pleased to report that Finlays has continued to make good progress against our sustainability plans. I am proud of the strides we have made in establishing our new sustainability strategy, Sustainable Future 2030, which puts our business on the right footing for the years to come. Our commitment to being a sustainable business is central to our future ambitions and growth. We know it is vitally important that we play our part in creating a sustainable beverage sector and act in the long-term interests of people and planet.
I also want to acknowledge the ongoing work in Kenya following a BBC documentary that aired allegations of sexual abuse at our former business, James Finlay Kenya (JFK), now known as Browns Plantations Kenya (BPK). A thorough investigation was conducted by Partner Africa, the responsible business practices NGO, and concluded at the end of 2023. Partner Africa’s investigation report set out a series of actions and recommendations for all stakeholders, and BPK has begun to implement a rightsholder informed action plan supported by experts and customers. One of Partner Africa’s key recommendations for James Finlay Limited was to embed a strategic approach to human rights due diligence (HRDD) in our remaining businesses. We have made progress in several areas of HRDD, as outlined in this report.
Last year was a year of significant change for our business, following the sale of our tea farming business in Kenya and James Finlay Guizhou, pending completion of transaction, and the increased focus we are placing on tea and coffee extracts. These shifts in our supply chain create an exciting opportunity to further embed sustainable growth across our operations and make sustainability business as usual. Through Sustainable Future 2030, we are confident we can make the most of this opportunity.
James WoodrowGroup Managing DirectorJames Finlay Limited
