May 20, 2024

 

ADM details GHG reductions, regenerative agriculture, no-conversion commitments in corporate sustainability report

 

ADM released on May 14 its 2023 Corporate Sustainability Report, highlighting its accomplishments, initiatives and goals that are helping drive its progress and growth.

 

"ADM's global team of 42,000 colleagues once again delivered on a broad range of sustainability accomplishments in 2023," said ADM board chair and chief executive officer Juan Luciano. "What is even more exciting is the  opportunity ahead of us. From our expanding leadership role in the decarbonisation of the industries in which we operate, to the potential for the bioeconomy to transform how we think about food, feed, fuel and industrial and consumer products, ADM is helping pave the pathway toward a beter future for us all."

 

The report details activities spanning three core focus areas, "Feeding the World", Protecting Nature" and "Enriching Lives".

 

Feeding the World

 

Supporting the global food system is at the core of ADM's business as it taps into its global asset base, product portfolio and expertise to ensure it is meeting global nutritional needs, the company said.

 

ADM's 2023 Corporate Sustainability Report details how the company is:

 

    - Working to increase and improve food access worldwide, including through its Sustainable Affordable Nutrition programme, which provides high-quality, lower-cost ingredients to improve global access to nutrition;

 

    - Partnering with nonprofits, such as Concern Worldwide, which, in 2023, helped improve food security and nutrition for more than 15,500 farmers in Tana River County, Kenya;

 

    - Improving food quality and safety, including via its 315 Global Food Safety Initiative (GFSI)-certified sites.

 

Protecting Nature

 

ADM firmly believes that it is possible to meet the world's needs both for food security and protection of nature, and focused company efforts in 2023 on biodiversity, regenerative agriculture, climate, waste and freshwater, the company added.

 

ADM's highlights in these areas include:

 

    - Continuing progress on ADM's ambitious greenhouse gas reduction commitments, with reductions in Scope 1+2 and Scope 3 emissions over baseline by 14.7% and 7.7% respectively;

    - Expanding the company's global regenerative agriculture programme, with more than 2.8 million acres in 2023 that sequestered 263,700 metric tons of CO2 and emited 310,000 fewer metric tons of CO2e;

 

    - ADM's new goal for all its direct supply chains to be free of conversion of primary native vegetation in defined high-risk areas by 2025 and indirect supply chains by 2027;

 

    - The company's support of the EO Wilson Biodiversity Foundation to champion research and education that will inspire next-generation innovation in conservation science.

 

Enriching Lives

 

From philanthropic work to a commitment to human rights as well as continued focus on fostering a workforce that encompasses diverse backgrounds, experiences and perspectives, ADM works to make a positive and lasting impact in the lives of its employees, partners and the communities in which it operates, the company said.

 

Highlights for these areas last year include:

 

    - Supporting sustainability, food security and health and well-being through more than US$20 million in giving via the company's corporate social investment programme, ADM Cares;

 

    - Continuing to activate and advance new ways to build, strengthen and support an inclusive culture that cultivates innovation and growth, including the continued expansion of employee resource groups;

 

    - Receiving recognition as a Financial Times Diversity Leader, being named for the fourth straight year in Ethisphere's "World's Most Ethical Companies" list, and inclusion for the 15th year on FORTUNE Magazine's World's Most Admired Companies List.

- ADM