Bunge Limited
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Climate change
- Responsible supply chains
- Accountability
Environmental Achievements
- Deforestation-free supply chains by 2025 (commitment)
- 100% traceability of soybeans purchased in South America (announced shortly after report)
Social Achievements
- Industry-leading deforestation commitment
- Working with farmers to promote sustainable agriculture and provide economic incentives for sustainable practices
- Virtual stakeholder forum with NGOs, farmers, customers, and banks to gather feedback
Governance Achievements
- Strong sustainability organization globally
- Board Committee on Sustainability and Corporate Responsibility
- $1.8 billion revolving credit facility linked to five sustainability KPIs
Climate Goals & Targets
Short-term Goals:
- Deforestation-free supply chains by 2025
Environmental Challenges
- Supply chain disruptions (implied due to global events like ASF, trade wars, and the pandemic)
- Balancing the need for profitability with ESG goals
Mitigation Strategies
- Portfolio refinement, operational improvements, and risk management
- Global operating model to connect producers and consumers
- Integrating sustainability into every strategic decision
Supply Chain Management
Supplier Audits: Monitoring over 40 million hectares and 9,000 farms in Brazil
Responsible Procurement
- Traceability of soybeans
- Working with farmers to promote sustainable practices
Climate-Related Risks & Opportunities
Opportunities
- Renewable diesel demand
Sustainable Products & Innovation
- Plant-based proteins
- Specialty fats and oils