Bunge’s Grains & Oilseeds commitment, established in 2015, sets out our approach to promoting sustainable agriculture and achieving deforestation-free supply chains. It calls for value chains that are transparent, verified sustainable and which create positive impacts on the ground while advancing the spirit of the Sustainable Development Goals.
The commitment calls for:
- eliminating deforestation from our agricultural supply chains worldwide by 2025
- reducing greenhouse gas (GHG) emissions
- protecting peat land and other carbon-capturing ecosystems
- conserving freshwater and acting responsibly in water-stressed regions
- conserving biodiversity
- supporting livelihoods
- respecting labor and land use rights
- applying free, prior and informed consent.
Bunge’s Grains & Oilseeds Commitment reflects our belief in sustainable value chains for major commodities such as soy, the world’s second-most used oil. As a leading company operating in the three largest soybean producing countries in the world – Brazil, the United States, and Argentina – we work to ensure a sustainable supply of this product.
Our commitment is especially material for soybeans sourced in areas of South America that are at higher risk of deforestation, such the Brazilian Cerrado and Argentinian Chaco regions. In 2020, 100% of our soy volumes directly sourced from farms in these regions are traceable. We monitor over 8,300 farms across more than 14 million hectares of land. A portion of these farms are no longer supply to us, though we continue to monitor them for any land use change.
Bi-annual reports with more information on traceability and monitoring in our soy value chain can be found in our Accountability page. The most recent report from October 2020 is available here.
Palm oil is the most widely used vegetable oil in the world, and will remain a crucial part of the food production process for years to come. Bunge believes that palm oil and palm kernel oil must be produced in a manner that is legally compliant and traceable, that protects forests and biodiversity, reduces greenhouse gas (GHG) emissions and respects the rights of indigenous peoples, workers and local communities. Our Palm Oil Sourcing Policy shows our approach to sustainable sourcing of this commodity.
In 2019, we achieved 98% traceability to the mill for palm oil, and over 36% traceability to plantation. Over 20 million hectares of forest are monitored by satellite and radar. Land use changes are reported on a bi-weekly basis, and we work with a variety of stakeholders to engage plantations that are identified as having violated our sourcing policy.
Full information about our palm oil traceability, policies and activities are contained in our Palm Oil Dashboards, published quarterly by Bunge Loders Croklaan. The most recent dashboard for Q2 in 2020 can be found here.
Certifications and verified products
Each year we certify or verify the sustainability of greater volumes of our products that we process and ship. In recent years, we were the largest trader of certified volumes of soybeans from South America, and we continue to meet market demands for such products as needed. And by Q2 of 2020, over 90% of our palm oil volumes were sourced from suppliers with robust NDPE commitments, meaning a commitment to no deforestation, no peatland development, and no exploitation of any kind.
GRI Indicators: 304-1; 304-2; 304-3; 414-1; 414-2