Partnerships and projects

Tackling big challenges together

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Soft Commodities Forum (SCF)

Bunge is a member of the Soft Commodities Forum (SCF), a global platform for leading soft commodities companies, convened by the World Business Council for Sustainable Development (WBCSD) for the purpose of advancing collective action around common sustainability challenges.

The SCF is made up of WBCSD member companies who share a vision of ensuring sustainable agriculture supply chains and working in partnership with government, producers, consumers and civil society to create a safer, more sustainable food system.

“Our commitment to non-deforestation continues with the establishment and implementation of this important framework, reflecting a shared vision to increase accountability and standards. As a leader in the industry, Bunge will leverage this framework to continue engaging farmers and the overall sector within our soybean supply chain to increase traceability and transparency.”

-Robert Coviello, SVP of Sustainability & Government Affairs, Bunge

In June 2019, SCF members, including Bunge, issued their first report on a common framework to disclose progress in curbing deforestation.?It is an important milestone to bring the sector to disclose common indicators and they are additional to what Bunge already has disclosed. Our company’s report presents how advanced we have been in terms of monitoring deforestation and delivering one-of-a-kind solutions to support sustainable agriculture. ?

Click here to read the full report.

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Enabling Sustainable Expansion of Soy:?Agroideal.org

Built in collaboration with The Nature Conservancy, other market participants, associations, financial institutions, NGOs, and private and public research agencies, Agroideal.org?allows for users to integrate agronomic, environmental and other data to make better decisions about how to sustainably expand agriculture production. Bunge's use of Agroideal?in our operations to identify opportunities and risks for future soy sourcing was noted during the 1st anniversary of Agroideal.org event, together with other peers, showing that the tool is well consolidated in the market. In May 2019, Agroideal Chaco was successfully released in Argentina, adapting to the tool to that biome where agricultural expansion has also happened more intensely. Peers, financial institutions and other stakeholders were led by Fundacion ProYungas, who supported the implementation of Agroideal locally.

The open source tool has been recognized as a major milestone for the promotion of sustainable agriculture in South America.?Use the tool at www.agroideal.org.

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Innovative Financing for Soy Expansion in Brazil

In 2018, Bunge partnered with The Nature Conservancy and Santander Bank to develop a first-of-its-kind financing mechanism for soy farmers in Brazil’s Cerrado region. The program is designed to promote agricultural production without further deforestation or conversion of native vegetation, by providing long-term loans to farmers willing to commit to this approach. Most of the loans currently available to soy farmers are for less than a year to finance their annual crop costs. This new mechanism will offer loans of up to 10 years, recognizing that investments in land acquisition and preparation have a long-term payback. In 2018, approximately USD$50 million in capital was piloted.

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Sustainability Education for Smallholders in Malaysia

In Kampung Monopod, Malaysia, Bunge Loders Croklaan?began a program to engage smallholder farmers in the palm oil value chain. The program seeks to educate smallholders on soil rehabilitation and fertilizer with the aim to help increase their yields while removing the need to clear forests for more palm expansion.?The program aims to roll out an effective system that includes data gathering on agricultural practice, plot based soil and foliar sampling by trained agronomist, a formulated bio-fertilizer/compost based on results of the lab tests, and a roll out program that encourages participation by farmers in the program on a long-term basis.?

Innovative Financing for Soy Expansion in Brazil

In 2018, Bunge partnered with The Nature Conservancy and Santander Bank to develop a first-of-its-kind financing mechanism for soy farmers in Brazil’s Cerrado region. The program is designed to promote agricultural production without further deforestation or conversion of native vegetation, by providing long-term loans to farmers willing to commit to this approach. Most of the loans currently available to soy farmers are for less than a year to finance their annual crop costs. This new mechanism will offer loans of up to 10 years, recognizing that investments in land acquisition and preparation have a long-term payback. In 2018, approximately USD$50 million in capital was piloted.

Sustainability Education for Smallholders in Malaysia

In Kampung Monopod, Malaysia, Bunge Loders Croklaan?began a program to engage smallholder farmers in the palm oil value chain. The program seeks to educate smallholders on soil rehabilitation and fertilizer with the aim to help increase their yields while removing the need to clear forests for more palm expansion.?The program aims to roll out an effective system that includes data gathering on agricultural practice, plot based soil and foliar sampling by trained agronomist, a formulated bio-fertilizer/compost based on results of the lab tests, and a roll out program that encourages participation by farmers in the program on a long-term basis.?

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Partnerships in North America

Field to Market

Bunge is a founding member of Field to Market, an organization dedicated to improving the productivity and environmental efficiency of agriculture across the entire food production chain. It unites growers, governments, conservation organizations, scholars and companies throughout the agricultural and food sectors to advance sustainability in production agriculture.?Field to Market produces national sustainability reports and has developed a ‘fieldprint’ calculator for farmers. This tool allows farmers to evaluate their farms across a variety of metrics, including land, soil, water, energy and crop input use, as well as water quality.

We are the first grain and oilseed processor to integrate Field to Market metrics into our Centerfield platform, offering Field to Market’s outcomes-based approach to measuring sustainability directly to farmers. The partnership also supports downstream customers interested in assessing the aggregated sustainability performance of corn grown in the United States.

Ecosystem Services Market Consortium in North America

In 2019, Bunge co-launched the Ecosystem Services Market Consortium (ESMC), an industry group pioneering market-based approaches to managing healthy soils and promoting water conservation and quality improvements in North America's agricultural lands.?

As a member of the ESMC, Bunge is working with ten other companies and non-profit organizations to incentivize the uptake of new technologies and water management practices that?if adopted across the millions of acres of the world's working lands would have a lasting impact, creating positive social, economic and environmental outcomes.

The ESMC will drive the coordinated development of advanced analytical tools and technologies to cost-effectively measure and monitor changes in sustainability outcomes and contribute income to farmers and ranchers through insetting and offsetting supply-chain strategies and the sale of ecosystem services credits.

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Sustainable Shipping Partnerships

Bunge is a member of the Sustainable Shipping Initiative (SSI),?a multi-stakeholder initiative that brings together like-minded and leading organizations with shared goals and equal determination in improving the sustainability of the shipping industry in terms of social, environmental and economic impacts. ?As part of the SSI, Bunge is the first in our industry to join the?Ship Recycling Transparency Initiative?(SRTI).

SRTI is an online platform to report information on ship recycling practices based on a set of pre-defined disclosure criteria developed jointly by key industry stakeholders. Being transparent about ship recycling policies and practices will create fair competition, improve performance and enable the shipping owners to be held to account. Cargo owners like Bunge can then engage with these companies by understanding their policies and better informing our own decision-making.