Bunge

Governance and accountability for sustainable development
The company provides evidence of linking performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues.

Lobbying and advocacy
The company reports a list of trade association. It could further disclose a full list of trade associations of which it is a member wherever it operates.

Sustainable development strategy
The company discloses its process for identifying and prioritising its most relevant sustainability impacts as well as the outcome of this process, in relation to its sustainability strategy. Furthermore, it reports consistently against all its targets.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company actively works to reduce its scope 1 and 2 greenhouse gas emissions. It has set a target to decrease these emissions by 25% from a 2020 baseline and openly communicates this goal. Regular reports are published to track the company’s progress in achieving these scope 1 and 2 emission reduction targets.

Ecosystem conversion
The company has time-bound targets to achieve conversion-free supply chains.

Soil health and agrobiodiversity
The company discloses activities to improve soil health or agrobiodiversity in its production or sourcing practices.

Water withdrawal
The company reports how much water is withdrawn for its own operations in water-stressed areas.

No leading practices were identified in the nutrition area.

No leading practices were identified in the social inclusion area.

Act ethically
The company discloses a public commitment to protect personal data. Furthermore, it has a policy prohibiting bribery and corruption and a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption.

Provide and promote decent work
The company has a publicly available policy statement in which it commits to respecting the health and safety of workers and it expects its business relationships to do so. Furthermore, the company has 40% women on the board and it also discloses the proportion of women in its total direct operations workforce for each employee category.

Respect human rights
The company has a publicly available policy statement that commits it to respecting human rights and the ILO core labour rights. Additionally, the company expects its suppliers to also respect the ILO core labour rights, as stated in their publicly available policy statement. The company further demonstrates its commitment to human rights by providing a grievance mechanism that is accessible to all workers and external stakeholders who may be adversely impacted by the company.

Governance and accountability for sustainable development
While the company states that the board of directors has expertise in climate, nutrition, social inclusion and water, it has an opportunity to disclose whether its highest governance body has expertise with respect to other key material sustainability topics including biodiversity, ecosystem conversion and soil health.

Lobbying and advocacy
The company has an opportunity to disclose a clear and detailed framework for assessing alignment of its trade associations with its sustainability targets. Additionally, it can report any (potential) misalignments between the lobbying activities of its trade associations and its sustainability targets.

Stakeholder engagement
The company has an opportunity to disclose an overview of the issues raised by each stakeholder group during its stakeholder engagement activities and to describe its process, including frequencies and channels, for engaging with stakeholder groups beyond materiality assessment.

Sustainable development strategy
While the company discloses some sustainability objectives/targets including climate and ecosystem conversion, it has an opportunity to establish group-wide targets for the most material parts of its value chain.

Scope 1, 2, and 3 greenhouse gas (GHG) emissions
The company has the opportunity to align its scope 1 and 2 emissions targets with a 1.5-degree trajectory. In FY 2021, the company disclosed a reduction of 2.2% in its Scope 3 emissions compared to its baseline year of 2020. However, there was an increase in scope 3 emissions compared to the previous year. The company also shared its target to reduce scope 3 emissions by 12% by 2030. Despite the increase in emissions from the previous year, there is potential for the company’s scope 3 emissions targets to align with a 1.5-degree trajectory.

Ecosystem conversion
The company discloses some evidence of addressing conversion. However, it could provide evidence to guarantee that they are DCF-aligned practices.

Food loss and waste
The company has an opportunity to disclose its food loss and waste (FLW) reduction targets and report progress against these targets. Additionally, the company has the chance to align its FLW reduction goal with SDG12.3, which aims for a 50% reduction by 2030.

Plastic use and packaging waste
The company has an opportunity to disclose quantitative evidence regarding plastic use reduction and use of sustainable packaging.

Soil health and agrobiodiversity
The company has an opportunity to disclose a target to improve soil health in its production or sourcing practices and report progress against it.

Water withdrawal
The company currently discloses the total volume of water withdrawn for a portion of its operations, but it could further demonstrate its commitment to water conservation by reducing water withdrawal across all of its operations. Additionally, while the company discloses reduction targets related to water intensity, it has an opportunity to disclose a target to reduce water withdrawal across its own operations and report progress against it. Although the company discloses that has developed programs in partnership with suppliers to monitor water use, it has an opportunity to engage with suppliers to reduce water withdrawal.

Accessibility and affordability of nutritious foods
The company has an opportunity to disclose its commitment and commercial activities to improve the accessibility and affordability of nutritious foods.

Availability of nutritious foods
The company has an opportunity to demonstrate how it is improving the nutritional quality of its products and to set targets to increase the share of more nutritious products in its portfolio.

Food safety
The company has an opportunity to demonstrate that 100% of its own operations are certified to a GFSI food safety scheme/certification programme or other widely recognised (industry-specific) certification. Additionally, it can reveal the percentage of food suppliers who are certified to a GFSI-recognized food safety scheme.

Workforce nutrition
The company has an opportunity to disclose evidence of workforce nutrition programmes.

Child labour
The company has an opportunity to disclose examples of remediation programmes when a case of child labour is found in its operations and to indicate how it is building the capacity of its suppliers to prevent child labour impacts. While the company prohibits its suppliers from using child labour, it could require them to have an age-verification system in place.

Farmer and fisher livelihoods
The company has set up initiatives to improve the sustainability and productivity of the soybean farms but it has an opportunity to demonstrate how it improves farmers’ income resilience through its procurement practices and supply chain relationships. Also, it could demonstrate how it identifies living income benchmarks and assesses living income gaps for some regions or commodities.

Forced labour
In its palm oil supply chain, the company does not charge recruitment-related fees and does not retain the workers’ passports or identity documents. However, it has an opportunity to disclose similar commitments for all its suppliers and its operations. By means of its Labour Transformation Program (LTP) in its supply chain in Malaysia, it focuses on recruitment practices and freedom of movement. However, it could provide further details on how it works with its suppliers on those topics.

Health and safety of vulnerable groups
The company has an opportunity to recognise and assess the health and safety risks to vulnerable groups, such as migrant and temporary labourers, women and young farmers. Furthermore, it could provide evidence of support activities that improve the health and safety of vulnerable groups.

Land rights
The company does not disclose a commitment to respect ownership and use of land and natural resources and related legitimate tenure rightsas set out in the relevant part(s) of the VGGT’s or the IFC Performance Standards. Even though the company discloses that it respects the land tenure rights of indigenous and local communities, and applies Free, Prior, and Informed Consent (FPIC), it does not require its business relationships to have a process to identify legitimate tenure rights holders and to negotiate with them to provide adequate compensation.

Living wage
The company has an opportunity to set a target for paying a living wage across its direct suppliers and describe how it determines a living wage for the regions where it sources. Also, it could disclose the percentage of workers across its own operations or suppliers that are paid a living wage.

Act ethically
The company could describe the process for identifying its bribery and corruption risks and impacts in specific locations or activities covering its own operations and it could also include anti-bribery and anti-corruption clauses in its contracts with business relationships. Furthermore, the company has an opportunity to disclose a publicly available policy statement that specifies that it does not make political contributions. Additionally, it could disclose its expenditures on lobbying activities and that it requires third-party lobbyists to comply with its lobbying and political engagement policy.

Provide and promote decent work
The company has an opportunity to disclose how it monitors the health and safety performance of its suppliers. Moreover, it has an opportunity to disclose how it determines a living wage for the regions where it operates and how it works to support the payment of a living wage by its suppliers.
While the company is committed to diversity, it has an opportunity to explicitly commit to gender equality and women’s empowerment and to disclose time-bound targets on gender equality and women’s empowerment. Additionally, it could also disclose the ratio of the basic salary and remuneration of women to men in its total direct operations workforce for each employee category, by significant locations of operation.

Respect human rights
The company has an opportunity to describe its process for identifying and addressing human rights risks and impacts in specific locations or activities, including its own operations and supply chain. Additionally, the company could provide details about how it assesses and identifies its most important human rights issues. It could also disclose the results of its human rights risk assessment and highlight any global systems it has in place to take action, prevent, or mitigate these significant human rights issues.