In 2011 Bunge defined its Land use and Biodiversity Policy, based on global stakeholders consultation since 2010.
The key tenets of the policy are the following:
Improve Measurement and Insights
- Bunge is aware of its responsibility due to sourcing activities and impacts on biodiversity and land use, and supports the efficient use of natural resources to provide the quantity and quality of food and feed to meet global needs.
Ensure Marketability of Products
- The company targets the acceptable standard of forest use that guarantees availability of land for agricultural production, in compliance with local legislation and in consideration of Bunge standards.
Ensure Strategic Readiness for Standards
- The company will be ready to comply with market certification if demanded and compensated by customers.
Promote Best Practices
- Bunge believes that identifying and communicating best practices among its suppliers, including the recovery of degraded land, is key for promoting sustainability.
Broad Solutions and Local People
- Bunge encourages the execution of Ecosystem Services that lead to a social and environmental enhancement in the communities where we operate.
- The company recognizes the right of small holders and indigenous people to a proper livelihood and support their participation in the business, promoting social responsibility and compliance with best practices approved by official bodies.
Biotech and Biofuels
- Bunge will support research and the adoption of Technologies that encourage sustainable agricultural practices. The company considers that biotechnology, when appropriately applied, may be a tool to improve output while diminishing the use of scarce natural resources, such as water, land and nutrients.
- Bunge supports the development of a global biofuels industry built on the principles of sustainable production and consumption, balancing the demands of food, feed, fuel and fiber.