Corteva Agriscience Announces Progress on Sustainability Goals
The company is delivering solutions to support the prosperity of farmers and the planet for generations to come
INDIANAPOLIS, April 4, 2023 /PRNewswire/ -- Corteva Agriscience (NYSE: CTVA) today released its 2022 Sustainability and ESG Report, providing an update on the commitments the company has made to address some of today's most pressing environmental, economic and social challenges. The report details the company's goals to help the world's farmers be more productive and resilient, preserve biodiversity, reduce the climate impact of its operations and increase inclusion, diversity and equity (ID&E) within its workforce.
"Sustainability is at the heart of our business," said Chuck Magro, Chief Executive Officer, Corteva Agriscience. "We are working to solve complex food and energy security challenges while preserving the long-term health and viability of farmland and other natural resources."
As part of the company's efforts to advance sustainable innovation, 90 percent of new crop protection products and all new seed products now meet Corteva's sustainability criteria, which are aligned to United Nations Sustainable Development Goals.
Additional sustainability efforts in 2022 include the purchase of Stoller Group and Symborg to position Corteva as one of the largest biological plant health companies in the world; receiving seven-year amended Environmental Protection Agency registrations for Enlist One® and Enlist Duo® herbicides; and the introduction of Sosdia™ Stress, a biostimulant that enhances crop resilience against stressors like drought, excessive heat or sunlight.
"Our Research and Development teams are focused on developing sustainable solutions that increase productivity and profitability potential while improving resilience to increasing weed, insect, disease, and extreme weather pressures and protecting our natural resources," said Sam Eathington, Chief Technology and Chief Digital Officer, Corteva Agriscience. "Our innovation engine is delivering solutions that give farmers more options to improve yield potential and minimize inputs to build whole-farm systems that are strong and stable."
Corteva is also making progress towards its Inclusion Diversity & Equity (ID&E) goals while continuing to build on its winning culture, including increasing the number of women in management roles by six percent and being named to Newsweek's list of America's Most Responsible Companies in 2022.
Read more about Corteva's goals in sustainable innovation, biodiversity, climate, and ID&E in the full report at corteva.com/sustainability.
About Corteva
Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.
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CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This press release contains certain estimates and forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," or other words of similar meaning. All statements that address expectations or projections about the future, including statements about Corteva's strategy for growth; product development; regulatory approvals; environmental, social and governance ("ESG") goals, targets, strategy and initiatives; and the anticipated benefits of acquisitions, are forward-looking statements.
Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond Corteva's control. While the list of factors presented below is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Corteva's business, results of operations and financial condition. Some of the important factors that could cause Corteva's actual results to differ materially from those projected in any such forward-looking statements include: (i) failure to successfully develop and commercialize Corteva's pipeline; (ii) failure to obtain or maintain the necessary regulatory approvals for some of Corteva's products; (iii) effect of the degree of public understanding and acceptance or perceived public acceptance of Corteva's biotechnology and other agricultural products; (iv) effect of changes in agricultural and related policies of governments and international organizations; (v) costs of complying with evolving regulatory requirements and the effect of actual or alleged violations of environmental laws or permit requirements; (vi) effect of climate change and unpredictable seasonal and weather factors; (vii) failure to comply with competition and antitrust laws; (viii) effect of competition in Corteva's industry; (ix) competitor's establishment of an intermediary platform for distribution of Corteva's products; (x) impact of Corteva's dependence on third parties with respect to certain of its raw materials or licenses and commercialization; (xi) effect of volatility in Corteva's input costs; (xii) risk related to geopolitical and military conflict; (xiii) effect of industrial espionage and other disruptions to Corteva's supply chain, information technology or network systems; (xiv) risks related to environmental litigation and the indemnification obligations of legacy EIDP liabilities in connection with the separation of Corteva; (xv) risks related to Corteva's global operations; (xvi) failure to effectively manage acquisitions, divestitures, alliances, restructurings, cost savings initiatives, and other portfolio actions; (xvii) failure to raise capital through the capital markets or short-term borrowings on terms acceptable to Corteva; (xviii) failure of Corteva's customers to pay their debts to Corteva, including customer financing programs; (xix) increases in pension and other post-employment benefit plan funding obligations; (xx) capital markets sentiment towards ESG matters; (xxi) risks related to pandemics or epidemics; (xxii) Corteva's intellectual property rights or defend against intellectual property claims asserted by others; (xxiii) effect of counterfeit products; (xxiv) Corteva's dependence on intellectual property cross-license agreements; and (xxv) other risks related to the Separation from DowDuPont.
Additionally, there may be other risks and uncertainties that Corteva is unable to currently identify or that Corteva does not currently expect to have a material impact on its business. Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of Corteva's management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the sections titled "Risk Factors" in the Company's annual and quarterly reports on SEC Forms 10-K and 10-Q, respectively.
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SOURCE Corteva, Inc.
