Our 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 do longer supply to us, though we continue to monitor them for any land use change.
The Grains & Oilseeds commitment was established in 2015 and 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:
Bi-annual reports with more information on traceability and monitoring in our soy value chain can be found on the Bunge website. The most recent report #9 from October 2020 is available here
We certify and verify the sustainability of more and more of the products we process and ship. Our portfolio includes a variety of certified soybean based products: