Feb 1, 2022

Bunge and Pampa Energía Signed an Agreement for the Supply of Renewable Electricity at its Plants in Argentina

February 1, 2022 – Bunge, a global leader in agribusiness, food and ingredients, signed a seven-year agreement with Pampa Energía to use renewable electricity at its plants in Campana, Ramallo, San Jerónimo Sud, and at TFA in Puerto General San Martín, in Argentina. The agreement foresees the supply of 30% of the total yearly electricity consumption at these plants and around 15% of the total electricity consumed by Bunge in Argentina. The renewable electricity will be supplied from the Pampa Energía and Parque de la Bahía wind farms and the agreement considers a future expansion of Parque de la Bahia, which will start to generate wind power in March 2023. 

Increasing the use of wind, solar and other sources of renewable electricity is one of the ways Bunge plans to meet its science based targets (SBTs), which call for an absolute reduction of greenhouse gas emissions by 2030. This agreement in Argentina follows similar recent partnerships between Bunge and renewable electricity providers in North America and Europe, which underscore the Company’s commitment to climate action. 

"We are focused on creating clear and measurable pathways to achieve our sustainability goals towards climate action in our operations and across our value chains" said Ramón Fernández Asenjo, Industrial Operations VP, "This agreement reinforces our strategy in providing sustainable, low-carbon solutions in food and ingredient production to consumers around the world," he concluded. 

Gustavo Mariani, CEO of Pampa Energía, added: "Through this alliance we reinforce our commitment to a more sustainable future. It is highly satisfying to see how the renewable energy generated in Pampa can help our customers demonstrate their contribution to the environment and meet their sustainability goals."

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 almost 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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