Bunge Limited.
BG.US | Wholesale of agricultural raw materials and live animals
Bunge Limited is a global agribusiness and food company. It operates in various segments, including agribusiness, refined and specialty oils, milling, and sugar and bioenergy. The agribusiness segment involves the origination, processing, and distribution of agricultural commodities, including oilse...Show More
Better Health for All
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Bunge's core products deliver significant health benefits, with its soybean oil receiving FDA approval in 2017 for reducing coronary heart disease risk by lowering LDL cholesterol.
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The company offers premium infant and adult nutrition ingredients, including Betapol Plus designed to closely match mother's milk fat, and NuliGo for muscle health and active aging.
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Bunge maintains exceptional nutritional quality and food safety standards, evidenced by extensive certifications such as FSSC 22000, ISO22000, Organic, and Non-GMO across multiple facilities.
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Its facility producing infant-grade lecithin operates under rigorous protocols for contaminant monitoring.
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Additionally, Bunge partners to develop more nutritious soybeans
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and provides AlgaPrime™ DHA as a sustainable source of omega-3 fatty acids.
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Fair Money & Economic Opportunity
0
Bunge Limited is primarily an agribusiness and food company. The ethical value 'Fair Money & Economic Opportunity' and its associated KPIs are designed to assess companies involved in lending, insuring, moving, or storing money. The provided articles do not contain explicit evidence that Bunge Limited offers financial products or services such as loans, insurance, or deposit accounts to consumers or businesses. Therefore, all KPIs are omitted as they are not applicable to Bunge's core business model based on the available evidence.
Fair Pay & Worker Respect
0
No specific, quantifiable data points were provided in the articles to assess Bunge Limited against the defined KPIs for Fair Pay & Worker Respect. While Bunge developed a new Human Rights Policy
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and a global Supplier Code of Conduct in 2023,
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and sponsored a human rights training program in 2024,
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these are policy statements and initiatives, not concrete metrics of performance for the specified KPIs. Historical reports from 2008
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and 1981
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regarding forced labor, low wages, and OSHA violations are outside the relevant timeframe for current scoring.
Fair Trade & Ethical Sourcing
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Bunge reports that 97% of its soybean volumes from Brazil are deforestation and conversion-free, utilizing satellite technology for monitoring
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. The company committed in 2019 to a common framework for transparent soy supply chains in Brazil's Cerrado
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. Despite these efforts, Bunge faced criticism in 2023 for sourcing soy from farms causing deforestation in Brazil's Cerrado
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, acknowledging the sourcing but stating the deforestation was legal
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. A 2024 report highlighted Bunge's continued deforestation and human rights issues in the region
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, noting large deforestation exposure for soy, exceeding 60,000 hectares in 2020
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. Bunge was also named by France in 2021 as a leading importer of soybeans from deforestation-risk areas
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and was linked to significant deforestation from 2015 to 2018
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. The company has a global Supplier Code of Conduct
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and developed a Human Rights Policy in 2023
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, aligning with UN Guiding Principles and ILO standards
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. Bunge also has a 'Where Life Grows' program reflecting a fair trade commitment in its shea supply chain
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.
Honest & Fair Business
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No specific evidence was found in the provided articles to assess Bunge Limited against the defined Key Performance Indicators for the 'Honest & Fair Business' ethical value. The articles primarily focus on the company's environmental sustainability initiatives, such as soybean traceability
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, deforestation-free supply chains
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, and greenhouse gas emission reduction targets
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, rather than regulatory fines, transparency benchmarks, whistle-blower policies, financial reporting, audit coverage, or anti-corruption measures.
Kind to Animals
-40
Bunge is linked to approximately 26,000 hectares of recent deforestation in the Brazilian Cerrado, a region home to 5% of the planet’s biodiversity, with deforestation directly affecting local biodiversity.
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This includes 11,351 hectares cleared after 2021
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and an additional 14,598 hectares in early 2023, linked to Bunge's soy suppliers.
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Despite this, Bunge promotes regenerative agriculture, partners with WWF Malaysia for conservation, and reports preserving over 12.6 million hectares of native vegetation on farms.
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Over 97% of Bunge's soy in Brazil is stated to be deforestation and conversion-free.
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No War, No Weapons
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Bunge Global SA focuses on agribusiness and food production, with no direct involvement in arms manufacturing or military contracts.
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This indicates no revenue from defense contracts, no exposure to controversial weapons, and no defense assets requiring divestment.
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Planet-Friendly Business
-40
Bunge reported total greenhouse gas emissions of 97.81 million tCO2e in 2023, comprising 1.77 million tCO2e for Scope 1, 1.10 million tCO2e for Scope 2, and 94.94 million tCO2e for Scope 3.
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The company's science-based targets, validated by the SBTi, aim for a 25% absolute reduction in Scope 1 and 2 emissions
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and a 12.3% reduction in Scope 3 emissions by 2030 from a 2020 baseline,
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with an interim target of a 19.7% reduction in absolute emissions by the end of 2024.
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In 2022, Bunge's total water withdrawals were 87,538.95 megaliters,
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with an annual revenue of $67.232 billion,
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resulting in 1302.04 m³ of water withdrawn per $1 million revenue.
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Between 11% and 25% of Bunge's total water withdrawals are sourced from water-stressed areas.
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Bunge is committed to deforestation-free value chains by 2025,
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with more than 97% of soy volumes purchased in South America verified as free from deforestation and conversion,
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and 89% of palm volumes verified deforestation-free.
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The company monitors over 16,000 farms in South America using satellite technology.
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However, Bunge's 2024 cut-off target for deforestation-free soy is not compliant with the EU Deforestation Regulation's 2020 cut-off date.
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Bunge recorded one water-related fine totaling $54,961 in 2022,
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affecting 1.11% of its facilities/operations.
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Respect for Cultures & Communities
-50
Bunge has been involved in multiple incidents of sourcing from lands historically claimed by indigenous groups. In 2013, the company was criticized for sourcing sugarcane from Guarani tribe lands in Brazil.
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In 2022, reports alleged Bunge sourced soy from the Brasília do Sul farm in Brazil, lands historically claimed by the Guarani Kaiowá Indigenous group, and also generally from indigenous lands where rights were violated.
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In response to these incidents, Bunge has shown reactive behavior. For the 2013 incident, it pledged not to renew contracts and to cancel them if the land was designated for indigenous use.
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For the 2022 allegations, Bunge claimed its operations were legal and complied with local laws, noting a lack of official land recognition by the Brazilian government.
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Critics urged Bunge to take a firmer stance on indigenous rights and avoid legal loopholes.
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Separately, Bunge Loders Croklaan collaborated with an indigenous community in Malaysia from 2018 to 2020 on a peatland rehabilitation and conservation program.
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Safe & Smart Tech
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Bunge Limited operates in the agribusiness sector with limited direct involvement in consumer data or AI technologies.
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The company has integrated cybersecurity risk assessments into its enterprise risk management framework.
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Its Chief Technology Officer leads the cybersecurity risk management program, providing regular briefings to the Audit Committee.
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Bunge implements identity and access management, real-time threat management, and encrypts personal data in transit.
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A cybersecurity committee is also in place to ensure up-to-date security measures.
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Zero Waste & Sustainable Products
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No specific, quantifiable evidence was found in the provided articles to assess Bunge Limited against the 'Zero Waste & Sustainable Products' ethical value. The articles primarily focus on sustainable sourcing
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, regenerative agriculture
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, renewable energy adoption
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, and carbon footprint reduction
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, which do not directly align with the KPIs for waste diversion, product recyclability, packaging sustainability, or waste reduction initiatives.