Bunge

Lobbying
Bunge discloses a list of trade association. It has however an opportunity to show further leadership by disclosing a full list of trade associations of which it is a member wherever it operates.

Sustainability strategy and accountability
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 and reports consistently against all its targets. Furthermore, it provides evidence of linking performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues.

Ecosystem conversion and restoration
The company has time-bound targets to achieve conversion-free supply chains and a commitment to ensure zero conversion.

GHG emissions
The company has set time-bound targets to reduce its scope 1, 2 and 3 greenhouse gas emissions and reports progress against its scope 1 and 2 targets.

Resource exploitation and circularity performance
The company discloses activities to improve soil health or agrobiodiversity in its production or sourcing practices.

Solid and air pollution
The company discloses the proportion of hazardous waste treated to reduce pollution compared to total waste, the hazardous waste diverted from disposal and the waste directed to disposal.

Water
The company reports how much water is withdrawn for its own operations in water-stressed areas, and has a commitment to respect the right to water.

Indigenous Peoples’ and land rights
The company is committed to respect Indigenous Peoples’ rights.

Safe, clean, healthy and sustainable environment
The company is committed to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

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.

Lobbying
The company has an opportunity to disclose a clear and detailed framework for assessing alignment of its trade associations with its sustainability targets and to report (potential) misalignments.

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 frequency and channels, for engaging with stakeholder groups beyond materiality assessment.

Sustainability strategy and accountability
The company discloses some sustainability objectives/targets including climate and ecosystem conversion. However, it has an opportunity to establish group-wide targets for the most material parts of its value chain. Furthermore, while the company states that the board of directors has expertise in climate, nutrition, social inclusion and water, it could disclose whether its highest governance body has expertise with respect to other key material sustainability topics including biodiversity, ecosystem conversion and soil health.

Ecosystem conversion and restoration
The company discloses some evidence of addressing conversion, however this does not guarantee DCF-aligned practices. Furthermore, the company is not committed to restoring ecosystems and it does not disclose details and outcomes of ecosystem restoration projects in areas affected by its own operations or by its suppliers.

GHG emissions
The company should set time-bound targets to reduce its scope 3 emissions and report progress against them. Crucially, its targets need to align with a 1.5-degree trajectory.

Impact and dependencies assessment
The company’s disclosure includes environmental risk assessments and performance evaluations for its facilities, processes, products, services, and projects. Yet, there is no indication of the company assessing its impacts on nature, particularly regarding biodiversity, within its own operations. Similarly, while the company discloses conducting environmental impact assessments and HCS and HCV studies in its supply chain, there is no evidence of assessment of its impact on nature for the upstream activities of its value chain. Additionally, the company does not provide any assessment of its dependencies on nature within its own operations or of its upstream business relationships.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Key areas and species
While the company recognizes the critical biodiversity in its Gran Chaco and Amazon soy regions, it still has an opportunity to be more transparent by disclosing the locations of its own operations and those of its suppliers that are in or adjacent to important biodiversity areas. Additionally, the company could improve its disclosure practices by revealing the status of species populations, both within its own locations and those of its suppliers, according to national and international conservation lists.

Resource exploitation and circularity performance
The company has an opportunity to disclose its inputs according to an international standard, and to report quantitatively on its group-wide circularity performance. The company also has an opportunity to disclose a target to improve soil health in its production or sourcing practices and to report progress against it.

Solid and air pollution
The company does not disclose relevant information related to pollution in its operations or supply chains.

Water
The company does not report reductions in water withdrawal. It has an opportunity to set targets to reduce water withdrawal, and engage with suppliers. The company does not disclose relevant information on water pollution. The company does not disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.

Indigenous Peoples’ and land rights
The company does not disclose its processes to identify and recognize the rights of Indigenous Peoples when activities in its own operations may impact their rights or describes how it obtains Indigenous Peoples’ free, prior and informed consent.

Safe, clean, healthy and sustainable environment
The company states that it is dedicated to the well-being of the communities where it operates through continuous improvement in environmental management at every location. Further, it states that it demonstrates its social responsibility by seeking to meet the environmental needs of its communities and by promoting the responsible use of natural resources. However, the company still has an opportunity to disclose a commitment to respect the right to a safe, clean, healthy and sustainable environment of local communities. Additionally, the company should track its actual or potential negative impacts on the health of local communities.

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.