ADM Details GHG Reductions, Regenerative Agriculture, No-Conversion Commitment Among Accomplishments and Objectives in 2023 Corporate Sustainability Report
May 14 2024 - 8:00AM
Business Wire
ADM (NYSE: ADM) today released its 2023 Corporate Sustainability
Report, highlighting an extensive array of accomplishments,
initiatives and goals that are helping drive the company’s progress
and growth.
“ADM’s global team of 42,000 colleagues once again delivered on
a broad range of sustainability accomplishments in 2023,” said
Board Chair and CEO Juan Luciano. “What is even more exciting is
the opportunity ahead of us. From our expanding leadership role in
the decarbonization 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 better 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: Every day, the company uses its unmatched global asset
base, unparalleled product portfolio, and indispensable expertise
to ensure it is meeting global nutritional needs. 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 program,
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; and
- 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. Highlights 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
program, with more than 2.8 million acres in 2023 that sequestered
263,700 metric tons of CO2 and emitted 310,000 fewer metric tons of
Co2e;
- ADM’s new goal for all of our 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; and
- 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 an unwavering commitment to human
rights, to 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 our
colleagues, our partners and the communities in which we operate.
2023 highlights include:
- Supporting sustainability, food security and health and
well-being through more than $20 million in giving via the
company's corporate social investment program, 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; and
- Receiving recognition as a Financial Times Diversity Leader,
being named for the 4th 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.
About ADM
ADM unlocks the power of nature to enrich the quality of life.
We’re an essential global agricultural supply chain manager and
processor, providing food security by connecting local needs with
global capabilities. We’re a premier human and animal nutrition
provider, offering one of the industry’s broadest portfolios of
ingredients and solutions from nature. We’re a trailblazer in
health and well-being, with an industry-leading range of products
for consumers looking for new ways to live healthier lives. We’re a
cutting-edge innovator, guiding the way to a future of new consumer
and industrial solutions. And we're a leader in sustainability,
scaling across entire value chains to help decarbonize the multiple
industries we serve. Around the globe, our innovation and expertise
are meeting critical needs while nourishing quality of life and
supporting a healthier planet. Learn more at www.adm.com.
Source: Corporate Release Source: ADM
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ADM Media Relations Jackie Anderson media@adm.com
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