Bunge, a global leader in agribusiness, food and ingredients, today released its 2021 Global Sustainability Report, highlighting company initiatives across three core pillars: Action on Climate, Responsible Supply Chains and Accountability.
"Never before has sustainability been so critical to our business and our future," said Greg Heckman, Bunge’s Chief Executive Officer. "At Bunge, this means we factor the environmental and social challenges we must address into the daily business decisions we make while we continue to connect farmers to consumers to deliver the food, feed and fuel that society depends on every day."
The 2021 report includes Bunge’s Global Non-Deforestation Report, featuring progress against soy sourcing in key regions at a higher risk of deforestation including the Cerrado region of South America and critical palm-producing areas in Southeast Asia. Bunge continues making significant strides toward its commitment to achieve deforestation-free supply chains by 2025 and has consistently issued reports describing progress in key performance indicators.
"We have the most ambitious global non-deforestation commitment in the sector – at least five years ahead of our main competitors. It includes every crop we source, everywhere we have a presence. Yet our actions will only be successful in achieving broader success against deforestation if we work together through multi-stakeholder collaboration. By seeking industry alignment on common definitions, cutoff dates, and other measures, we will witness more impactful and long-lasting transformation in the sector – none of which will happen if companies act alone," highlighted Rob Coviello, Bunge’s Chief Sustainability Officer and Government Affairs Leader.
The Global Non-Deforestation Report includes details on Bunge’s traceability and monitoring efforts, supplier and farmer engagement – including digital tools and incentives – actions against non-compliance, multi-stakeholder collaborations and sustainability certifications.
For soy sourcing in South America, this is Bunge’s tenth report that showcases its industry-leading performance on the ground, with 100% traceability to all direct-source farms in the high-priority areas of South America. Additionally, the company shares detailed information about how its teams carry out farmer engagement processes when deforestation/conversion of land in South America is detected.
For palm oil sourcing, Bunge has been focused on high traceability and has one of the highest traceability-to-plantation numbers in the industry. In our Global Non-Deforestation Report and palm oil dashboard, Bunge now reports 98% traceability to mill and 77% traceability to plantation – two critical measures for the sourcing of this commodity.
To read Bunge’s 2021 Global Sustainability Report, visit bunge.com/sustainability.
At Bunge (www.bunge.com, NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have more than 23,000 dedicated employees working across more than 350 facilities located in more than 40 countries.
We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
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Bunge News Bureau
Ruth Ann Wisener