USA- Cargill, a global leader in the food and agricultural industries, recently unveiled its strides in sustainability with an investment of US$78 million in efficiency and sustainability projects.
The information comes from Cargill’s comprehensive 2023 Environmental, Social, and Governance (ESG) report, a 164-page document released on November 7, providing a detailed account of the company’s journey towards achieving its sustainability objectives.
One key aspect of Cargill’s sustainability goals involves a concerted effort to reduce greenhouse gas emissions, both from direct operations (Scope 1) and purchased energy (Scope 2).
The report highlights that Cargill, following targets set by the Science Based Targets initiative (SBTi), has already exceeded its 10% reduction goal for “absolute operational” greenhouse gas emissions by achieving a 10.97% reduction as of calendar year 2022 against a 2017 baseline.
This accomplishment is attributed to the systematic implementation of process efficiency and technologies across its facilities, coupled with an increased utilization of renewable energy sources.
Cargill’s commitment to sourcing renewable energy is evident in its collaboration with the Indonesian government-owned electric utility company, PLN.
The partnership has resulted in the procurement of over 70,000 megawatt hours of clean electricity, obtained through Tradable Instruments for Global Renewables (TIGRs).
This initiative supports seven Cargill sites in Indonesia, contributing to a reduction of more than 50,000 tonnes of carbon dioxide equivalent (CO2e).
Additionally, Cargill has undertaken 14 other renewable energy projects in 12 countries, furthering its dedication to sustainability.
The report outlines Cargill’s ambitious efforts in advancing regenerative agriculture practices, covering 880,000 acres of North American land since 2020.
These practices, including cover cropping, reduced tillage, rotational grazing, and optimized nutrient management, align with the company’s goal of reaching 10 million acres by 2030.
Cargill’s RegenConnect program, designed to compensate farmers for enhanced soil health and positive environmental outcomes, has expanded its reach from 15 to 24 U.S. states and several European countries such as Germany, Poland, Romania, and France.
Brian Sikes, President and Chief Executive Officer of Cargill, emphasized the company’s commitment to addressing urgent global challenges:
“When it comes to urgent challenges facing people and the planet, Cargill’s connections across the food system give us the opportunity — and responsibility — to deliver meaningful solutions. Leading with our values, Cargill is working to help achieve zero hunger, decarbonize our industries, protect and restore natural resources, and ultimately improve people’s lives.”
Cargill’s noteworthy achievements underscore its dedication to sustainability, positioning the company as a key player in the global effort to build a more resilient and environmentally responsible food system.
For all the latest grains industry news from Africa, the Middle East and the World, subscribe to our weekly NEWSLETTERS, follow us on LinkedIn and subscribe to our YouTube channel.
