Bunge Announces New Commitment to Climate Action with Science-Based Targets to Reduce GHG Emissions
18 Novembro 2021 - 11:00AM
Business Wire
- New emissions reduction targets focus on the critical need to
achieve Bunge’s industry-leading commitment to eliminate
deforestation in its supply chains by 2025.
- The new targets have been validated by the Science Based
Targets initiative (SBTi), a collaboration between CDP, the United
Nations Global Compact (UNGC), World Resources Institute (WRI) and
the World Wildlife Fund (WWF).
Bunge (NYSE:BG), a global leader in agribusiness, food and
ingredients, today announced science-based targets (SBTs),
highlighting its commitment to reduce greenhouse gas emissions
within the company’s operations and throughout its supply chains.
The announcement comes following a joint statement by Bunge and
other agriculture leaders at the United Nations Climate Change
Conference (COP26) to accelerate industry action towards fighting
climate change.
“Today’s announcement underscores our continued leadership in
providing low carbon and sustainable solutions for the production
of food, feed and fuel to consumers around the globe. This not only
reinforces our focus on making real progress toward climate action
in our operations and across our value chains, it also further
enables growth opportunities into new markets for our company,”
said Greg Heckman, Bunge’s Chief Executive Officer.
The company will make significant enhancements across its global
operations, promote decarbonization through regenerative farming
practices, and enhance shipping and logistics to achieve these
targets. A substantial portion of the emissions reduction within
its supply chains is expected to be driven by Bunge’s commitment to
achieve deforestation-free supply chains by 2025 – the earliest
deadline in the industry.
Bunge’s ambitious targets are supported by the company’s
decades-long history of enhancements to its operations, investments
in renewable energy sources and its strong relationships with value
chains partners. The new science-based carbon emissions targets
include:
- An absolute reduction of Scope 1 and 2 greenhouse gas emissions
of 25% by 2030 from a 2020 baseline year; and,
- An absolute reduction of Scope 3 greenhouse gas emissions of
12% by 2030, from a 2020 baseline year
“We remain focused on creating clear and measurable paths to
achieving our sustainability goals and supporting the
decarbonization of the industry,” said Rob Coviello, Chief
Sustainability Officer and Government Affairs. “Our new
science-based targets, which are supported by our Board of
Directors, demonstrate our commitment to providing low-carbon and
deforestation-free products to our customers, supporting the
development of next-generation renewable fuels and deepening our
approach to sustainability in our operations and across our value
chains.”
The new climate targets have been validated by the Science Based
Targets initiative, a global leader in helping companies transition
to a lower carbon economy through tangible commitments and
ambitious emissions reduction targets.
To read more about Bunge’s sustainability goals, visit
bunge.com/sustainability.
About Bunge At Bunge (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 approximately 300 facilities located in more than 40
countries.
Website Information 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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Investor Contact: Ruth Ann Wisener Bunge Limited 636-292-3014
Ruthann.wisener@bunge.com
Media Contact: Bunge News Bureau Bunge 636-292-3022
news@bunge.com
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