Climate Change Data

Local Bounti Corporation

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:532,251 lb CO2e
Scope 1 Emissions:532,251 lb CO2e
Scope 2 Emissions:197,561 lb CO2e
Renewable Energy Share:0%
Total Energy Consumption:9.55938E+12 joules
Water Consumption:10.2 megaliters
Waste Generated:394,344 lbs
Carbon Intensity:5.34 lb CO2e/lb Product (Jan-Jun), 3.48 lb CO2e/lb Product (Jul-Dec)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced water use by up to 90% compared to conventional agriculture.
  • Reduced transportation distances, minimizing fuel consumption and product degradation.
  • Installed 20% more efficient LED lights in nurseries and hybrid LED/HPS lights in greenhouses to reduce energy usage.

Social Achievements

  • 93% of employees reported feeling excited about coming to work; 86% would recommend Local Bounti as an employer.
  • Donated 27,144.56 lbs of leafy greens to local food banks.
  • Promoted 19 staff members.

Governance Achievements

  • Established a Code of Conduct and Ethics.
  • Implemented a third-party managed toll-free compliance hotline and online reporting for whistleblowers.
  • Annually reviews corporate governance policies, compliance policies and procedures, and compensation practices.

Climate Goals & Targets

Long-term Goals:
  • Eliminate retail partner shrink and consumer waste of purchased leafy greens.
Medium-term Goals:
  • Delivery of high-quality local produce with neutral GHG emissions by 2030.
Short-term Goals:
  • Diverting personal protective equipment (PPE), organic, and cardboard waste.

Environmental Challenges

  • Increased electricity and gas use in CEA facilities.
  • Incomplete data on Scope 3 emissions and waste.
  • Need to measure retail partner shrink and customer waste.
Mitigation Strategies
  • Investing in facilities and working with retail partners to reduce transportation emissions.
  • Establishing methods and data collection to capture Scope 3 inputs and waste impact on GHG emissions.
  • Incorporating water-reduction features into future facilities.

Supply Chain Management

Responsible Procurement
  • Preferential purchase of local products.

Climate-Related Risks & Opportunities

Physical Risks
  • Changes in temperature, humidity, and natural light due to climate change.

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Agriculture Sustainability Accounting Standard, UN Sustainable Development Goals

Certifications: USDA GAP+ certified, SCS Global Services Sustainably Grown certification

UN Sustainable Development Goals

  • 2
  • 3
  • 6
  • 7
  • 8
  • 11
  • 12
  • 13
  • 15
  • 16
  • 17

Local Bounti's activities contribute to these goals through local leafy green production, reduced environmental impact, job creation, community investment, and sustainable practices.

Sustainable Products & Innovation

  • Leafy greens grown with significantly less water, land, pesticides, and herbicides.