😊Our commitment towards our farmers. 🌾
To truly know the extent of the social impact we have created, in July 2015, we enlisted @iixglobal (formerly Shujog), a leading Social Impact Assessment company based in Singapore, to assess Siam Organic’s social impact. With their own independent team of social impact assessors, IIX Global spent six months on due diligence before releasing their summary on the company. Based on IIX Global’s assessment, the 800 farmers we worked with in 2015 earned 14 times higher profit compared to conventional rice farmers in Thailand, resulting in an incremental economic benefit of US$ 1.72mn for the farmers. 🙏
Additionally, Siam Organic has an SROI of 4.3, meaning that for every $1 investment in the company, the social (economic) return generated for the farmers is $4.30.
Our farmers also keep 25% of their harvest for household consumption, so we know their families are eating healthy.