15 November 2022, Chicago: ADM (NYSE: ADM), a global leader in sustainable agriculture and nutrition, today issued the following statement:
ADM and other leading agri-commodity companies signed the Agri-Commodity Sector Roadmap this week, an agreement to remove deforestation from supply chains by 2025 while protecting global food systems and producer livelihoods. Building on a commitment set out by the CEOs of these fourteen companies in COP26, all of which manage large global trade volumes and supply chain, the agreement is an important step toward putting the global economy on a 1.5C trajectory through forest positive action.
“ADM takes its commitments to halting climate change seriously, and its implementation of the 1.5 degree roadmap is an integral part of a broader climate strategy that includes aggressive targets to reduce Scope 1, 2 and 3 greenhouse gas emissions, said Alison Taylor, Chief Sustainability Officer at ADM. “We are proud to collaborate with our peers to take this next step to reduce forest loss from supply chains.”
ADM committed to No Deforestation, No Peat, and No Exploitation (No DPE) in their supply chains in March 2015. Since then, the company has been working diligently to implement regenerative and sustainable agriculture practices all over the world. ADM released its Policy to Protect Forests, Biodiversity and Communities followed by its Managing Supplier Non-Compliance Procedure which outlines how ADM handles suppliers that violate its policies.
ADM has also set individual goals and targets to continue to drive sustainable performance. Earlier this year, ADM accelerated its target by five years and committed to achieving 100% deforestation-free supply chains by 2025. ADM is also on track to achieve its traceability goals in soy supply chains in Brazil, Paraguay and Argentina by the end of 2022. The company has also achieved a high level of traceability to the mill in the palm supply chain and is working to increase traceability to plantations.
(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)