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MarketScreener Homepage  >  Equities  >  Nyse  >  Bunge Limited    BG   BMG169621056

BUNGE LIMITED

(BG)
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Bunge : Increases Monitoring of High-Risk Areas of Deforestation in South America

11/11/2020 | 12:31pm EST

St. Louis, MO - November 5, 2020 - Bunge today announced its 9th Non-Deforestation Progress Report highlighting additional progress toward its goal of achieving deforestation-free value chains worldwide by 2025. In Brazil, monitoring has now reached 95% - an increase of 4% since October 2019 - of the direct soybean volumes sourced from the high-risk areas in the Cerrado region. Bunge also announced it has maintained 100% of the monitoring level in the Chaco region of Argentina and Paraguay.

'Our non-deforestation commitment is among the most important priorities for our Company and our entire industry,' said Rob Coviello, SVP Sustainability and Government Affairs at Bunge. 'Our progress toward these goals is indicative of our continued collaboration with producers on the ground in South America and an increased focus on working with partners to create innovative solutions to move our industry toward deforestation free supply chains.'

Bunge also maintains 100% traceability to origin for direct purchases in Brazil and in regions at risk of deforestation in the Chaco region of Argentina and Paraguay. Soy volumes are classified as traceable when Bunge has information such as the Rural Environmental Registry number, GPS coordinates, or complete location details of the property where the soy was produced.

The release of the latest non-deforestation report comes as the Company shared information this week about a new digital offering - AgroApp Bunge - that will allow producers in Brazil to grant access to their properties' Rural Environmental Registry (CAR) data via cell phone. The AgroApp also provides information on the socio-environmental data across Bunge's origination processes, information on environmental legislation, and access to sustainable production support tools.

In addition to Bunge's focus on non-deforestation within its own value chain, the company acts collaboratively and actively in the sector. Bunge is a member of the World Business Council for Sustainable Development's (WBCSD) Soft Commodities Forum (SCF) which works to increase transparency for its members' supply chains, encourages effective sector collaboration and promotes initiatives that balance environmental, social and economic interests.

More information about Bunge's approach, an in-depth look at its collaborative process working with producers and other stakeholders in high-risk regions in South America, as well as additional progress reports and dashboards can be found at bunge.com/sustainability.

About Bunge

Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing, processing and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge's expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri and has almost 25,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.

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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Disclaimer

Bunge Ltd. published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 17:30:05 UTC


© Publicnow 2020
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Capitalization 10 759 M 10 759 M -
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Gregory A. Heckman Chief Executive Officer & Director
John W. Neppl Chief Financial Officer & Executive Vice President
Kathleen W. Hyle Non-Executive Chairman
Raul Padilla President-Global Operations
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