ADM Announces New Policy to Protect Forests, Biodiversity and Communities
ADM (NYSE: ADM) has unveiled a new Policy to Protect Forests, Biodiversity and Communities, revising its 2015 policy to enhance sustainable practices in its supply chains. The company aims to eliminate deforestation by 2030 and achieve full traceability of its soy sourcing in South America by the end of 2022. The policy emphasizes conservation of water resources, reducing greenhouse gas emissions, and supporting agriculture for sustainable development. ADM is also committed to collaboration, highlighted by its involvement in multi-stakeholder initiatives like the Palm Oil Collaboration Group.
- Commitment to eliminate deforestation from supply chains by 2030.
- Aims for full traceability of soy sourcing in South America by end of 2022.
- Active participation in initiatives like the Palm Oil Collaboration Group.
- None.
ADM (NYSE: ADM) today furthered its commitment to sustainable, ethical and responsible production with the release of a new Policy to Protect Forests, Biodiversity and Communities. ADM’s previous policy was issued in 2015, and the company began the process of reviewing and revising it last year as a step toward building a more resilient and sustainable food system. ADM aims to eliminate deforestation from all of the company’s supply chains by 2030.
“ADM is the bridge between the producer on the farm and the consumer-facing brands on our tables, and we are in the unique position to influence sustainable practices across the entire supply chain,” said Chairman and CEO Juan Luciano. “As we carry out our mission to unlock the power of nature to enrich lives, we recognize the critical role natural resources play in the future of our planet. We are fully committed to ending deforestation and to preserving biodiversity and water resources in our supply chain. This new policy reaffirms ADM’s commitment to responsible sourcing and will help us further reduce the impact of our operations and supply chain, and continue to hold our suppliers to high standards.”
The new policy includes provisions that promote conservation of water resources and biodiversity in agricultural landscapes, promote solutions to reduce climate change and greenhouse gas emissions, and support agriculture as a means to advance sustainable development by reducing poverty and increasing food security. Additionally, the policy confirms ADM’s commitment to protect human rights defenders, whistleblowers, complainants, and community spokespersons; ADM’s aspiration to cooperate with all parties necessary to enable access to fair and just remediation; and the company’s non-compliance protocol for suppliers.
By the end of 2022, the company expects to achieve full traceability of its direct and indirect sourcing throughout its soy supply chains in Brazil, Paraguay and Argentina. In the soy supply chain, ADM’s goal is to end native vegetation conversion in the shortest time possible, reconciling production of soy with environmental, economic and social interests in high risk areas such as the Cerrado and Chaco biomes in South America.
ADM has also achieved a high level of traceability to the mill in the palm supply chain and is working to increase traceability to plantations. To accelerate transformation and effective implementation of our commitments, ADM joined the Palm Oil Collaboration Group (POCG), a multi-stakeholder initiative including companies from every stage of the palm oil supply chain. ADM is actively participating in collaborative action to implement the Integrated Reporting Framework (IRF) and to address social issues across the palm supply chain.
ADM publishes supply chain-specific action plans and biannual progress reports focused on palm oil and South American soy, which contain specific milestones and data on the company’s continued progress toward meeting ADM’s sustainability goals. ADM will continue its study of how the company can increase the scale, pace and rigor of its efforts to eliminate deforestation and native vegetation conversion in its supply chains and issue a report on the subject by the end of the first quarter of 2022.
ADM recognizes the importance of collective action to accelerate sustainable practices in the agriculture value chain. ADM is a founding member and signatory to the Amazon Soy Moratorium and the Para Green Protocol of Grains in Brazil. ADM is also a founding member of the Soft Commodities Forum, a global platform convened by the World Business Council on Sustainable Development, and the ViSeC (Vision Sectorial del Gran Chaco), among others.
Research findings and more information about ADM’s Policy to Protect Forests, Biodiversity and Communities can be found at www.adm.com/sustainability/responsible-sourcing/our-commitment.
About ADM
At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.
Source: Corporate release
View source version on businesswire.com: https://www.businesswire.com/news/home/20210323005675/en/
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