Bunge Ltd.

Overall approach

3/12
- Overarching commitment on deforestation
  
  0/4
  
  Commodity-specific commitment - commitment that does not apply to all of the commodities the company is exposed to
  
  0/4
  
  "The commitment calls for: eliminating deforestation from our agricultural supply chains worldwide by 2025"
  
  Open source document
- Signatory to an initiative tackling deforestation
  
  1/1
  
  Yes
  
  1/1
  
  Which initiatives?: Soy Moratorium; Tropical Forest Alliance 2020 partner; UN Global Compact; Other initiative
  
  If Other Initiative, specify:: SoyPlus, Fefac Guidelines; Agroideal.org
  
  Bunge states in their CDP report for 2021 that they are a member of the following initiatives; "UN Global Compact / Tropical Forest Alliance 2020 (TFA) / Cerrado Working Group (GTC) / Roundtable on Sustainable Soy (RTRS) / Sustainable Agricultural Initiative (SAI) / SoyPlus, Fefac Guidelines; Agroideal.org."
  
  Open source document
- Awareness of the value of forests
  
  1/1
  
  Yes
  
  1/1
  
  "In the palm value chain, we work with The Forest Trust (TFT) to support landscape projects and satellite monitoring with the goal of protecting high-conservation-value (HCV) and high-carbon-stock (HCS) forests critical for minimizing GHG emissions, combating climate change, and preserving habitats and biodiversity."
  
  Open source document
- Deforestation as a business risk
  
  0/1
- High-level management of deforestion
  
  1/1
  
  Yes
  
  1/1
  
  How often does the committee or board meet to assess company's progress on addressing deforestation-related issues?: Quarterly
  
  Which commodities does it apply to?: Palm oil; Soy
  
  Bunge reports in their 2021 CDP report that: "Is there board-level oversight of forests-related issues within your organization? Yes [...] Director on board Oversees commitments and strategy for company level compliance with policies and activities, Board-level committee Committee at board level dedicated to Sustainability, supporting policies and discussing strategies. Also, following up with policy implementation."
  
  Open source document
- Executive compensation linked to deforestation
  
  Yes, for all commodities
  
  0/0
  
  Which commodities does the committee focus on?: Palm oil; Soy
  
  The implementation of deforestation free supply chains are incorporated in the compensation metrics for the whole company.
  
  Open source document
- Target to reduce emissions from land-use change
  
  0/2
- Reporting on emissions from land-use change
  
  0/2
- Disclosure of conservation activity
- Disclosure of reforestation activity
- Target to reduce emissions in scope 1/2
  
  Yes
  
  0/0
  
  What is the target date for the company to achieve their climate target?: 2026
  
  Type of climate target: Other or unclear
  
  "Since 2008, Bunge has set targets to reduce the company’s greenhouse gas (GHG) emissions footprint. We have exceeded these targets and, in 2016, set a 10-year goal to further reduce emissions, energy, water and waste by 10% per metric ton of production, which we are on track to achieve."
  
  Open source document
Commodity score

44/88
- Soy
  
  55/88
  - Commitment Strength
    
    14/20
    - Commitment to protect priority forests
      
      8/11
      - Commitment details
        Zero-gross deforestation
        
        5.3/8
        
        Commitment to protect priority forests
        
        Zero-gross deforestation
        
        5.3/8
        
        Which certification schemes are used?: RTRS
        
        (For downstream soy companies only) Does the company commitment also explicitly apply to hidden/indirect soy?: Supply chain includes no indirect soy
        
        "Bunge is committed to eliminating deforestation throughout our supply chains by 2025. We have been regularly disclosing progress on our industry leading non-deforestation commitment since 2016."
        
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        2/2
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        2/2
        
        "Bunge is committed to eliminating deforestation throughout our supply chains by 2025. We have been regularly disclosing progress on our industry leading non-deforestation commitment since 2016."
        
        Open source document
      - Target date
        2025
        
        0.5/1
        
        Target date
        
        2025
        
        0.5/1
        
        "Bunge is committed to eliminating deforestation throughout our supply chains by 2025. We have been regularly disclosing progress on our industry leading non-deforestation commitment since 2016."
        
        Open source document
      - Interim target date
        No
        
        0/0.5
    - Commitment to a traceable supply chain
      
      9/9
      - Commitment details
        Traces to Point of production
        
        5.3/5.3
        
        Commitment to a traceable supply chain
        
        Traces to Point of production
        
        5.3/5.3
        
        "Soy volumes are classified as traceable when Bunge has information such as the Rural Environmental Registry (CAR) number, GPS coordinates, or complete location details of the property where the soy was produced. Bunge has achieved impressive traceability data for our direct purchases in South America – reaching 100% for Brazil and for high-risk regions of Argentina and Paraguay (Gran Chaco). In 2021, Bunge also began receiving third party verification of our traceability to farm, offering another layer of assurance. For indirect purchases, the company is 100% traceable to third party elevators in the monitored regions since 2018."
        
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        2/2
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        2/2
        
        "Bunge has achieved impressive traceability data for our direct purchases in South America – reaching 100% for Brazil and for high-risk regions of Argentina and Paraguay (Gran Chaco). In 2021, Bunge also began receiving third party verification of our traceability to farm, offering another layer of assurance. For indirect purchases, the company is 100% traceable to third party elevators in the monitored regions since 2018."; "Our monitoring covers 96% of the volume of soybeans we buy directly, and even includes monitored farms that we no longer buy from. Our intermediate target is to achieve 98% of monitored volumes in the Cerrado, based on CAR/GPS data by the end of December 2021. We believe we are on track to meet this target. Bunge currently traces and monitors approximately 30% of its indirect purchases from the Cerrado region."
        
        Open source document
      - Target date
        2021
        
        1/1
        
        Target date
        
        2021
        
        1/1
        
        "Bunge has achieved impressive traceability data for our direct purchases in South America – reaching 100% for Brazil and for high-risk regions of Argentina and Paraguay (Gran Chaco). In 2021, Bunge also began receiving third party verification of our traceability to farm, offering another layer of assurance. For indirect purchases, the company is 100% traceable to third party elevators in the monitored regions since 2018."; "Our monitoring covers 96% of the volume of soybeans we buy directly, and even includes monitored farms that we no longer buy from. Our intermediate target is to achieve 98% of monitored volumes in the Cerrado, based on CAR/GPS data by the end of December 2021. We believe we are on track to meet this target. Bunge currently traces and monitors approximately 30% of its indirect purchases from the Cerrado region."
        
        Open source document
      - Interim target date
        Yes
        
        0.5/0.5
        
        Interim target date
        
        Yes
        
        0.5/0.5
        
        What date is given for the interim milestone(s)?: 2018
        
        "Bunge has achieved impressive traceability data for our direct purchases in South America – reaching 100% for Brazil and for high-risk regions of Argentina and Paraguay (Gran Chaco). In 2021, Bunge also began receiving third party verification of our traceability to farm, offering another layer of assurance. For indirect purchases, the company is 100% traceable to third party elevators in the monitored regions since 2018."; "Our monitoring covers 96% of the volume of soybeans we buy directly, and even includes monitored farms that we no longer buy from. Our intermediate target is to achieve 98% of monitored volumes in the Cerrado, based on CAR/GPS data by the end of December 2021. We believe we are on track to meet this target. Bunge currently traces and monitors approximately 30% of its indirect purchases from the Cerrado region."
        
        Open source document
  - Social Considerations
    
    12/18
    - Labour rights in the supply chain
      Yes
      
      4/4
      
      Labour rights in the supply chain
      
      Yes
      
      4/4
      
      Details of commitment: Discrimination; Forced labour; Child labour; Freedom of association
      
      "Beyond our own walls, we strive to root out all cases of human rights abuses in our value chains by upholding strict standards of compliance, from local and internationally-recognized conventions, to projects and activities that identify and eliminate cases of abuse. Our operations, employees, and third party contractors must comply with all applicable local laws, rules and regulations, as well as our company Code of Conduct. - Eliminating all forms of forced and child labor...Harassment, discrimination and abuse...Freedom of association and the right to collective bargaining...We require that our suppliers’ operations, and those of their subcontractors and suppliers, comply with Bunge’s global labor policy, as well as our Code of Conduct."
      
      Open source document
    - Inclusion of small-scale farmers
      Yes
      
      4/4
      
      Inclusion of small-scale farmers
      
      Yes
      
      4/4
      
      What is the nature of that support?: Economic
      
      (In 2018) "Today Bunge S.A., a subsidiary of Bunge Limited (NYSE:BG) (“Bunge”), Banco Santander Brasil S.A. (B3: SANB11) (“Santander Brasil”) and The Nature Conservancy (“TNC”) announced they have jointly developed a first-of-its-kind financing mechanism for soy farmers in the Brazilian Cerrado.The program is designed to promote agricultural production without further deforestation or conversion of native vegetation, by providing long-term loans to farmers willing to commit to this approach. Most of the loans currently available to soy farmers are for less than a year to finance their annual crop costs. This new mechanism will offer loans of up to 10 years, recognizing that investments in land acquisition and preparation have a long-term payback."
      
      Open source document
    - Gender equality in the supply chain
      No commitment
      
      0/4
    - Commitment to remediation
      No
      
      0/2
    - Commitment to ensure Free, Prior and Informed Consent
      Yes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions
      
      4/4
      
      Commitment to ensure Free, Prior and Informed Consent
      
      Yes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions
      
      4/4
      
      "In our grains & oilseeds value chains, Bunge commits to: [...] • apply these criteria to our supply chains, in addition to minimum standards of legal compliance, • respect human rights and indigenous community rights, and apply free, prior and informed consent for land purchases and use"
      
      Open source document
    - Commitment to resolve land conflicts
      No
  - Reporting and Implementation
    
    26/50
    - Reporting against commitments
      
      3/3
      - Commitment to protect priority forests
        Yes, for all commodity exposure
        
        2.5/2.5
        
        Commitment to protect priority forests
        
        Yes, for all commodity exposure
        
        2.5/2.5
        
        "Bunge is committed to eliminating deforestation throughout our supply chains by 2025. We have been regularly disclosing progress on our industry leading non-deforestation commitment since 2016. [...] Currently, over 8,300 farms across 14 million hectares of land are monitored and we have disclosed that, since 2016, only 0.7% of monitored farms were found to have planted soy over deforested land." 2019 RTRS report indicates that 20,000 tons of soy used by Bunge were RTRS certified in 2019.
        
        Open source document
        Open source document
      - Commitment to a traceable supply chain
        Yes, for all commodity exposure
        
        2.5/2.5
        
        Commitment to a traceable supply chain
        
        Yes, for all commodity exposure
        
        2.5/2.5
        
        "Bunge has achieved impressive traceability data for our direct purchases in South America – reaching 100% for Brazil and for high-risk regions of Argentina and Paraguay (Gran Chaco). In 2021, Bunge also began receiving third party verification of our traceability to farm, offering another layer of assurance. For indirect purchases, the company is 100% traceable to third party elevators in the monitored regions since 2018."; "Our monitoring covers 96% of the volume of soybeans we buy directly, and even includes monitored farms that we no longer buy from. Our intermediate target is to achieve 98% of monitored volumes in the Cerrado, based on CAR/GPS data by the end of December 2021. We believe we are on track to meet this target. Bunge currently traces and monitors approximately 30% of its indirect purchases from the Cerrado region."; "Currently, over 8,300 farms across 14 million hectares of land are monitored and we have disclosed that, since 2016, only 0.7% of monitored farms were found to have planted soy over deforested land."
        
        Open source document
        Open source document
    - Reporting is independently verified
      
      2/2
      - Commitment to protect priority forests
        Yes, using a third-party verification scheme or certification scheme.
        
        1.5/1.5
        
        Commitment to protect priority forests
        
        Yes, using a third-party verification scheme or certification scheme.
        
        1.5/1.5
        
        Which tools, approaches, third-party verification, including certification, schemes are used?: RTRS
        
        Which processes or groups does the company use for third party verification?: RTRS
        
        2019 RTRS report indicates that 20,000 tons of soy used by Bunge were RTRS certified in 2019.
        
        Open source document
      - Commitment to a traceable supply chain
        Yes, using a third-party verification scheme or certification scheme.
        
        1.5/1.5
        
        Commitment to a traceable supply chain
        
        Yes, using a third-party verification scheme or certification scheme.
        
        1.5/1.5
        
        Which tools, approaches, third-party verification, including certification, schemes are used?: Third party verification for direct purchases.
        
        "Implemented external verification of soy traceability and monitoring data in Brazil. Bunge has implemented an external verification process of its traceability and monitoring data in Brazil, underscoring our assurances of responsible supply chains... In 2021, Bunge also began receiving third party verification of our traceability to farm, offering another layer of assurance. For indirect purchases, the company is 100% traceable to third party elevators in the monitored regions since 2018."; "Our monitoring covers 96% of the volume of soybeans we buy directly, and even includes monitored farms that we no longer buy from. Our intermediate target is to achieve 98% of monitored volumes in the Cerrado, based on CAR/GPS data by the end of December 2021. We believe we are on track to meet this target. Bunge currently traces and monitors approximately 30% of its indirect purchases from the Cerrado region."
        
        Open source document
    - Suppliers aligned with deforestation commitments across supply chain
      Yes, encouraged
      
      0/2
      
      Suppliers aligned with deforestation commitments across supply chain
      
      Yes, encouraged
      
      0/2
      
      "Our policies and commitments related to non-deforestation, biodiversity, environment and other related approaches are built into our strategy, operations and investments. Compliance with all applicable environmental laws, rules and regulations is a minimum standard by which we hold our employees and contractors accountable... We require that our suppliers’ operations, and those of their subcontractors and suppliers, comply with Bunge’s global labor policy, as well as our Code of Conduct."
      
      Open source document
    - Deforestation cut off date
      No
      
      0/2
    - Collaborative actions
      Yes
      
      2/2
      
      Collaborative actions
      
      Yes
      
      2/2
      
      What initiatives does the company participate in?: Bunge Sustainable Partnership
      
      What is the nature of that participation?: Attending & contributing to meetings; Providing support/advice/experience/expertise; Providing technical capacity
      
      "Bunge Sustainable Partnership - We have expanded our focus to indirect sourcing, as an important milestone towards the implementation of our commitment. As we already have 100% traceability to third party elevators, in 2021 Bunge started monitoring soybeans indirectly acquired within the Brazilian Cerrado. To advance this, the Company has launched the Bunge Sustainable Partnership, an unprecedented initiative by which Bunge will share its best practices and tools with grain resellers in the region. The program will help partners deploy supply chain verification systems, including the use of satellite imagery. With this initiative, Bunge became the first company to foster mass action in the Cerrado region to track indirect purchases, offering extensive benefits to the entire supply chain."
      
      Open source document
    - Risk assessments for forest risk
      Yes
      
      2/2
      
      Risk assessments for forest risk
      
      Yes
      
      2/2
      
      How frequently are assessments conducted?: Every 6 months
      
      "The company assesses risks related to deforestation in its supply chain and discloses results periodically to its stakeholders." For soy - "Risk assessment procedure:Assessed as part of an established enterprise risk management framework. Frequency of assessment: Six-monthly or more frequently. How far into the future are risks considered? 1 to 3 years. Tools and methods used to identify and assess risks: Internal company methods, External consultants, Global Forest Watch Commodities (GFW Commodities), National specific tools and databases"
      
      Open source document
    - Operations assessed to comply with law
      Yes
      
      2/2
      
      Operations assessed to comply with law
      
      Yes
      
      2/2
      
      "In its grain purchase process in Brazil, the Company uses daily consultations of IBAMA's public list of embargoes (illegal deforestation) as well as the list of the Labor Inspection Secretariat (forced labor analogous to slavery)"
      
      Open source document
    - Accessible grievance mechanism
      No
      
      0/4
    - Report volumes of commodity
      Reporting partial volumes
      
      1/2
      
      Report volumes of commodity
      
      Reporting partial volumes
      
      1/2
      
      Total/partial volume reported: 17000000 tons
      
      Bunge reported to CDP in 2020 17000000 tons of soy- data coverage 'partial commodity production/ consumption', with 20000 metric tons that are RTRS certified.
      
      Open source document
    - Report verified volumes of commodity
      1-49%
      
      2/6
      
      Report verified volumes of commodity
      
      1-49%
      
      2/6
      
      What third-party verification is used?: RTRS
      
      For what percent of the company's supply volume is third-party verification of performance relative to commitments conducted?: 0.10%
      
      What is the certified volume?: 20000 metric tons
      
      "Bunge reported to CDP in 2020 17000000 tons of soy- data coverage 'partial commodity production/ consumption', with 20000 metric tons that are RTRS certified. "
      
      Open source document
    - Upstream: Monitor compliance with human rights
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      Upstream: Monitor compliance with human rights
      
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      "In those regions or sectors where the risks of violation of our policy are higher, we have implemented a variety of policies and procedures to ensure compliance. We began reviewing palm oil suppliers for labor risks and practices in 2017; however, we have been conducting reviews among grain suppliers in risky areas for a much longer time. In Brazil, we are a signatory of the National Slave Work Eradication Pact developed by the Ethos Institute and the International Labour Organization (ILO) and endorsed by the Brazilian government, civil society and other companies. We cross-reference our commercial systems to government forced-labor databases and block any contracts with listed entities. In 2018, a total of 10 suppliers were disqualified for being on the Ministry of Labor’s forced-labor blacklist, out of approximately 8,500 suppliers that had been screened over the year."
      
      Open source document
    - Upstream: Impact assessments for land development/acquisition
      Yes
      
      4/4
      
      Upstream: Impact assessments for land development/acquisition
      
      Yes
      
      4/4
      
      "Together with other partners, we have developed and made this free platform available to territorial management that contributes to the identification of areas with less socio-environmental risk for agricultural expansion. Bunge also uses this platform in its origination planning."
      
      Open source document
    - Upstream: Reporting production/processing locations
      No disclosure
      
      0/4
    - Downstream: Publishing supplier lists
      No
      
      0/4
    - Upstream: Monitor compliance of production/processing
      Yes, using an internal verification system
      
      4/4
      
      Upstream: Monitor compliance of production/processing
      
      Yes, using an internal verification system
      
      4/4
      
      What tools, processes, bodies carry out monitoring of the company's production or processing operations?: Satellite monitoring, traffic light system
      
      How frequently is compliance assessed?: not specified
      
      Does the company use a certification system?: No
      
      Does the company use a jurisdictional monitoring mechanism?: No
      
      "Bunge will maintain traceability and monitoring systems that enable the identification of crop origination to the lowest possible unit, and which allow for monitoring of land use change at the level prescribed by a consensus definition and threshold in both direct and third-party supply. Actions to date: Bunge implemented traceability and monitoring systems in 2017. As of October 2018, the company achieved approximately 90% traceability to farm for its directly sourced supply in key regions of South America. We conducted satellite monitoring of over 6,500 locations, including direct sourcing farms and third-party supplier elevators. In 2018/19 we will monitor over 7,000 farms."
      
      Open source document
    - Upstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Monitor compliance in supply chain
      Yes, for its suppliers production or primary processing operations in its supply chains
      
      4/4
      
      Downstream: Monitor compliance in supply chain
      
      Yes, for its suppliers production or primary processing operations in its supply chains
      
      4/4
      
      How frequently is compliance assessed?: Not specified.
      
      Details of monitoring: Using internal monitoring and verification systems
      
      "Bunge will implement a supplier management protocol to prioritize engagement and address noncompliance. Farms showing deforestation will be “yellow” flagged for further monitoring. Farms showing soy planting on deforested areas will be “red” flagged for engagement." "Bunge monitors the occurrence of deforestation on direct supply farms, and blocks farms that do not comply with environmental or labor legislation"
      
      Open source document
      Open source document
    - Downstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Engagement with non-compliant suppliers
      Engage with suppliers but with no time-bound threat of exclusion
      
      1/2
      
      Downstream: Engagement with non-compliant suppliers
      
      Engage with suppliers but with no time-bound threat of exclusion
      
      1/2
      
      What type of support does the company offer to its suppliers to help them achieve compliance with commitments?: communication, creating targets and plans
      
      Does the company engage non-compliant indirect suppliers in order to address and remedy non-compliance?: Yes
      
      What criteria does the policy specify for blacklisting or exclusion?: non-compliance with policy
      
      "Bunge will maintain regular communication about its deforestation-free commitment and activities with suppliers. We will engage with flagged farmers, as well as third party suppliers, to determine potential paths forward for meeting our requirements. Starting in 2018, Bunge has suspended farms that have not engaged adequately. Starting in 2020, Bunge will suspend farms considering engagement, environmental and other factors in line with our goal of progressive reduction. [...] Bunge will engage openly and productively with stakeholders, and advocate as a company for common solutions that improve the sustainability of agricultural value chains broadly."
      
      Open source document
    - Downstream: Disclosure of non-compliant suppliers
      Yes, excluded
      
      1/2
      
      Downstream: Disclosure of non-compliant suppliers
      
      Yes, excluded
      
      1/2
      
      Does the company have a list of blacklisted or otherwise excluded suppliers or producers?: No
      
      Bunge reported the number of blocked suppliers in their 9th non-deforestation progress report.
      
      Open source document
- Palm oil *
  
  59/88
  - Commitment Strength
    
    16/20
    - Commitment to protect priority forests
      
      6/8
      - Commitment details
        Zero-gross deforestation
        
        4/6
        
        Commitment to protect priority forests
        
        Zero-gross deforestation
        
        4/6
        
        Which certification schemes are used?: RSPO
        
        "Our efforts revolve around our commitment to be deforestation-free in our supply chains by 2025" [... ] We deliver palm oil that is produced in accordance with “No Deforestation, No Peat and No Exploitation” (NDPE) practices: No Deforestation: refers to no deforestation when developing land, identifying and protecting High Conservation Value (HCV) areas and High Carbon Stock (HCS) areas, a no-burning policy and the reduction of greenhouse gas emissions (GHG). No Peat: refers to no new developments on peatland and encourages the use of Best Management Practices on existing plantations on peat. Where possible, peat restoration is also implemented. No Exploitation: refers to no exploiting of workers, local communities or small-scale growers in the production of palm oil"
        
        Open source document
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        1.3/1.3
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        1.3/1.3
        
        "Our efforts revolve around our commitment to be deforestation-free in our supply chains by 2025" [... ] We deliver palm oil that is produced in accordance with “No Deforestation, No Peat and No Exploitation” (NDPE) practices: No Deforestation: refers to no deforestation when developing land, identifying and protecting High Conservation Value (HCV) areas and High Carbon Stock (HCS) areas, a no-burning policy and the reduction of greenhouse gas emissions (GHG).No Peat: refers to no new developments on peatland and encourages the use of Best Management Practices on existing plantations on peat. Where possible, peat restoration is also implemented. No Exploitation: refers to no exploiting of workers, local communities or small-scale growers in the production of palm oil"
        
        Open source document
        Open source document
      - Target date
        2025
        
        0.3/0.7
        
        Target date
        
        2025
        
        0.3/0.7
        
        "Our efforts revolve around our commitment to be deforestation-free in our supply chains by 2025" [... ] We deliver palm oil that is produced in accordance with “No Deforestation, No Peat and No Exploitation” (NDPE) practices: No Deforestation: refers to no deforestation when developing land, identifying and protecting High Conservation Value (HCV) areas and High Carbon Stock (HCS) areas, a no-burning policy and the reduction of greenhouse gas emissions (GHG).No Peat: refers to no new developments on peatland and encourages the use of Best Management Practices on existing plantations on peat. Where possible, peat restoration is also implemented. No Exploitation: refers to no exploiting of workers, local communities or small-scale growers in the production of palm oil"
        
        Open source document
        Open source document
      - Interim target date
        No
        
        0/0.3
    - Commitment to protect High Carbon Stock areas and/or peatlands
      
      5/5
      - Commitment details
        Yes
        
        3/3
        
        Commitment to protect High Carbon Stock areas and/or peatlands
        
        Yes
        
        3/3
        
        Type of commitment: HCS; Peat
        
        "Our efforts revolve around our commitment to be deforestation-free in our supply chains by 2025" [... ] We deliver palm oil that is produced in accordance with “No Deforestation, No Peat and No Exploitation” (NDPE) practices: No Deforestation: refers to no deforestation when developing land, identifying and protecting High Conservation Value (HCV) areas and High Carbon Stock (HCS) areas, a no-burning policy and the reduction of greenhouse gas emissions (GHG). No Peat: refers to no new developments on peatland and encourages the use of Best Management Practices on existing plantations on peat. Where possible, peat restoration is also implemented. No Exploitation: refers to no exploiting of workers, local communities or small-scale growers in the production of palm oil"
        
        Open source document
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        1.3/1.3
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        1.3/1.3
        
        "Our efforts revolve around our commitment to be deforestation-free in our supply chains by 2025" [... ] We deliver palm oil that is produced in accordance with “No Deforestation, No Peat and No Exploitation” (NDPE) practices: No Deforestation: refers to no deforestation when developing land, identifying and protecting High Conservation Value (HCV) areas and High Carbon Stock (HCS) areas, a no-burning policy and the reduction of greenhouse gas emissions (GHG). No Peat: refers to no new developments on peatland and encourages the use of Best Management Practices on existing plantations on peat. Where possible, peat restoration is also implemented. No Exploitation: refers to no exploiting of workers, local communities or small-scale growers in the production of palm oil"
        
        Open source document
        Open source document
      - Target date
        2025
        
        0.3/0.7
        
        Target date
        
        2025
        
        0.3/0.7
        
        "Our efforts revolve around our commitment to be deforestation-free in our supply chains by 2025" [... ] We deliver palm oil that is produced in accordance with “No Deforestation, No Peat and No Exploitation” (NDPE) practices: No Deforestation: refers to no deforestation when developing land, identifying and protecting High Conservation Value (HCV) areas and High Carbon Stock (HCS) areas, a no-burning policy and the reduction of greenhouse gas emissions (GHG). No Peat: refers to no new developments on peatland and encourages the use of Best Management Practices on existing plantations on peat. Where possible, peat restoration is also implemented. No Exploitation: refers to no exploiting of workers, local communities or small-scale growers in the production of palm oil"
        
        Open source document
        Open source document
      - Interim target date
        No
        
        0/0.3
    - Commitment to a traceable supply chain
      
      5/6
      - Commitment details
        Traces to Point of production
        
        4/4
        
        Commitment to a traceable supply chain
        
        Traces to Point of production
        
        4/4
        
        "Bunge’s goal is to ensure that all volumes of palm (kernel) oil and palm (kernel) oil fractions will be 100% traceable to mills. We will strive to increase traceability to plantation level over time. The actual status and progress is reported via Bunge’s Palm Oil Dashboard."
        
        Open source document
      - Commitment applies to all regions, suppliers and operation
        Yes
        
        1.3/1.3
        
        Commitment applies to all regions, suppliers and operation
        
        Yes
        
        1.3/1.3
        
        "Bunge’s goal is to ensure that all volumes of palm (kernel) oil and palm (kernel) oil fractions will be 100% traceable to mills. We will strive to increase traceability to plantation level over time. The actual status and progress is reported via Bunge’s Palm Oil Dashboard."
        
        Open source document
      - Target date
        No target date
        
        0/0.7
      - Interim target date
        No
        
        0/0.3
  - Social Considerations
    
    16/18
    - Labour rights in the supply chain
      Yes
      
      4/4
      
      Labour rights in the supply chain
      
      Yes
      
      4/4
      
      Details of commitment: ILO; UNGP; UN Declaration for HR; Discrimination; Forced labour; Child labour; Freedom of association
      
      "Commitments: Respect and uphold the rights of all workers, including contract, temporary, and migrant workers, in accordance with the Universal Declaration of Human Rights, the International Labor Organization’s core conventions, United Nations Guiding Principles on Business and Human Rights and the principles of Free and Fair Labor in Palm Oil Production; Uphold the right to freedom of association and recognize the right to collective bargaining; [...] Eliminate all forms of illegal, forced, bonded, compulsory or child labor; [...] Provide fair and equal employment opportunities for all employees, regardless of race, nationality, religion or gender; Promote a safe and healthy working environment that is free of harassment."
      
      Open source document
    - Inclusion of small-scale farmers
      Yes
      
      4/4
      
      Inclusion of small-scale farmers
      
      Yes
      
      4/4
      
      What is the nature of that support?: Technical assistance/support
      
      "Commitments: [...] Support the inclusion of smallholders in the palm oil supply chain and help them to comply with our sustainability policy"
      
      Open source document
    - Gender equality in the supply chain
      Commitment to ensure equality of women in the supply chain
      
      2/4
      
      Gender equality in the supply chain
      
      Commitment to ensure equality of women in the supply chain
      
      2/4
      
      "Commitments: [...] Provide fair and equal employment opportunities for all employees, regardless of race, nationality, religion or gender." "We expect all of Bunge’s (third-party) suppliers of palm oil products to adhere to all of the commitment in this Policy".
      
      Open source document
    - Commitment to remediation
      Yes
      
      2/2
      
      Commitment to remediation
      
      Yes
      
      2/2
      
      "Require the company to carry out appropriate conservation / compensation /restoration measures where applicable, to adequately address all non-compliant activities since February 2017."
      
      Open source document
    - Commitment to ensure Free, Prior and Informed Consent
      Yes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions
      
      4/4
      
      Commitment to ensure Free, Prior and Informed Consent
      
      Yes, the company commits to securing FPIC prior to acquiring new interests, developments, or expansions
      
      4/4
      
      "Additional Commitments and requirements for New Plantings Sustainability commitments, in addition to those stated previously, which are applicable to any new oil palm plantings by suppliers to Bunge and their third party suppliers include: [...] Respect the land tenure rights of indigenous and local communities, including their right to give or withhold their Free, Prior and Informed Consent (FPIC) to operations on land over which they hold legal, communal or customary rights in accordance with the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) and the Social Requirements for Conserving High Carbon Stock Forests."
      
      Open source document
    - Commitment to resolve land conflicts
      No
  - Reporting and Implementation
    
    28/50
    - Reporting against commitments
      
      2/2
      - Commitment to protect priority forests
        Yes, for all commodity exposure
        
        1.7/1.7
        
        Commitment to protect priority forests
        
        Yes, for all commodity exposure
        
        1.7/1.7
        
        "Each year we certify or verify the sustainability of greater volumes of our palm. By Q1 of 2020, 94% of our palm oil volumes were sourced from suppliers with robust NDPE commitments, meaning a commitment to no deforestation, no peatland development, and no exploitation of any kind. These are our palm certification standards."
        
        Open source document
        Open source document
      - Commitment to protect High Carbon Stock areas and/or peatlands
        Yes, for all commodity exposure
        
        1.7/1.7
        
        Commitment to protect High Carbon Stock areas and/or peatlands
        
        Yes, for all commodity exposure
        
        1.7/1.7
        
        "Each year we certify or verify the sustainability of greater volumes of our palm. By Q1 of 2020, 94% of our palm oil volumes were sourced from suppliers with robust NDPE commitments, meaning a commitment to no deforestation, no peatland development, and no exploitation of any kind. These are our palm certification standards."
        
        Open source document
        Open source document
      - Commitment to a traceable supply chain
        Yes, for all commodity exposure
        
        1.7/1.7
        
        Commitment to a traceable supply chain
        
        Yes, for all commodity exposure
        
        1.7/1.7
        
        "In 2019, we achieved 98% traceability to the mill for palm oil, and over 36% traceability to plantation. Over 20 million hectares of forest are monitored by satellite and radar. Land use changes are reported on a bi-weekly basis, and we work with a variety of stakeholders to engage plantations that are identified as having violated our sourcing policy"
        
        Open source document
    - Reporting is independently verified
      
      1/1
      - Commitment to protect priority forests
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Commitment to protect priority forests
        
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Which processes or groups does the company use for third party verification?: RSPO Certification
        
        Which tools, approaches, third-party verification, including certification, schemes are used?: RSPO Certification
        
        "Each year we certify or verify the sustainability of greater volumes of our palm. By Q1 of 2020, 94% of our palm oil volumes were sourced from suppliers with robust NDPE commitments, meaning a commitment to no deforestation, no peatland development, and no exploitation of any kind. These are our palm certification standards."
        
        Open source document
        Open source document
      - Commitment to protect High Carbon Stock areas and/or peatlands
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Commitment to protect High Carbon Stock areas and/or peatlands
        
        Yes, using a third-party verification scheme or certification scheme.
        
        1/1
        
        Which processes or groups does the company use for third party verification?: RSPO Certification
        
        Which tools, approaches, third-party verification, including certification, schemes are used?: RSPO Certification
        
        "Each year we certify or verify the sustainability of greater volumes of our palm. By Q1 of 2020, 94% of our palm oil volumes were sourced from suppliers with robust NDPE commitments, meaning a commitment to no deforestation, no peatland development, and no exploitation of any kind. These are our palm certification standards."
        
        Open source document
        Open source document
      - Commitment to a traceable supply chain
        Yes, using an internal verification system.
        
        0.5/1
        
        Commitment to a traceable supply chain
        
        Yes, using an internal verification system.
        
        0.5/1
        
        Bunge has mapped its palm supply chain back to its origins. As part of our supplier due diligence process, suppliers are asked to provide detailed information in their sourcing base. We overlay this information with forest and peat maps, as well as maps of other key biodiversity areas. On a biweekly basis, we receive land use change alerts from Satelligence to detect if there is deforestation taking place. In 2018, 2019 and 2020, we actively monitored more than 30 million hectares of land. Through our in-depth knowledge of our suppliers and our collaboration with Earth Equalizer, we have the elements at hand to check for and act on instances of suspected deforestation.
        
        Open source document
    - Suppliers aligned with deforestation commitments across supply chain
      No
      
      0/2
    - Deforestation cut off date
      No
      
      0/2
    - Collaborative actions
      No
      
      0/2
    - Risk assessments for forest risk
      Yes
      
      2/2
      
      Risk assessments for forest risk
      
      Yes
      
      2/2
      
      How frequently are assessments conducted?: Not disclosed
      
      "(F2.1) Does your organization undertake a forests-related risk assessment?Yes, forests-related risks are assessed"
      
      Open source document
    - Operations assessed to comply with law
      No
      
      0/2
    - Accessible grievance mechanism
      Yes, and published details of any grievances within the last two years (2019-2021)
      
      4/4
      
      Accessible grievance mechanism
      
      Yes, and published details of any grievances within the last two years (2019-2021)
      
      4/4
      
      Does the company publish grievances that have been made against it, as well as responses and resolutions including status and timeframes: Yes
      
      Which issues does the grievance mechanism cover?: Social; Environmental
      
      What is the nature of the grievance mechanism used by the company (own mechanism, that of external company, internationally recognised mechanism, etc.)?: Own
      
      "This procedure is a reference for management and staff of Bunge to handle grievances from any external parties, including individuals, government organizations and non-governmental organizations concerning the implementation of the Policy. Bunge recognises that feedback and input from stakeholders is valuable because it helps to enhance transparency in our supply chain and provides a means to gauge progress on the implementation of the Policy" There is an interactive graph and table with details of grievances.
      
      Open source document
      Open source document
    - Report volumes of commodity
      Reporting total volume
      
      2/2
      
      Report volumes of commodity
      
      Reporting total volume
      
      2/2
      
      Total/partial volume reported: 1933596 tonnes
      
      In their 2020 ACOP, they state a usage of 1933596 tonnes of palm oil.
      
      Open source document
    - Report verified volumes of commodity
      1-49%
      
      2/6
      
      Report verified volumes of commodity
      
      1-49%
      
      2/6
      
      What is the certified volume?: 676759 tonnes
      
      For what percent of the company's supply volume is third-party verification of performance relative to commitments conducted?: 35.03%
      
      What third-party verification is used?: RSPO
      
      In their 2020 ACOP report, they state that 35.03% of their usage is certified.
      
      Open source document
    - Upstream: Monitor compliance with human rights
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      Upstream: Monitor compliance with human rights
      
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      "In those regions or sectors where the risks of violation of our policy are higher, we have implemented a variety of policies and procedures to ensure compliance. We began reviewing palm oil suppliers for labor risks and practices in 2017; however, we have been conducting reviews among grain suppliers in risky areas for a much longer time. In Brazil, we are a signatory of the National Slave Work Eradication Pact developed by the Ethos Institute and the International Labour Organization (ILO) and endorsed by the Brazilian government, civil society and other companies. We cross-reference our commercial systems to government forced-labor databases and block any contracts with listed entities. In 2018, a total of 10 suppliers were disqualified for being on the Ministry of Labor’s forced-labor blacklist, out of approximately 8,500 suppliers that had been screened over the year."
      
      Open source document
    - Downstream: Publishing supplier lists
      Yes, report direct suppliers
      
      2/4
      
      Downstream: Publishing supplier lists
      
      Yes, report direct suppliers
      
      2/4
      
      From what country(ies) does the company source material?: Indonesia, Malaysia, Brazil, Cambodia, Colombia, Honduras, Guatemala, Costa Rica, Côte d'Ivoire, Thailand, India, Mexico, Panama, Ecuador, Ghana, Nicaragua
      
      2020 Update - Publish Mills List which includes Universal Mill reference number, mill name, location coordinates, parent company, PO, PKO or SG delivered and country.
      
      Open source document
    - Downstream: Monitor compliance in supply chain
      Yes, for its suppliers
      
      3/4
      
      Downstream: Monitor compliance in supply chain
      
      Yes, for its suppliers
      
      3/4
      
      For what percent of suppliers does the company directly monitor compliance of production or processing operations?: 100%
      
      Details of monitoring: Using internal monitoring and verification systems
      
      How frequently is compliance assessed?: Not specified
      
      "Bunge recognizes the risk of non-compliance by prospective suppliers, whether direct or indirect. Bunge will conduct appropriate due diligence to assess whether prospective suppliers have complied with our policy from February 2017, and if necessary to identify appropriate conservation / compensation / restoration measures to be carried out, prior to entering into any contracts. [...] Bunge may delegate responsibility for these steps to an implementation partner or trading partner (indirect supply) on a case-by-case basis. Bunge remains accountable for ensuring these tasks are completed and for ensuring pro-active monitoring using best-available data to verify our suppliers’ compliance with the policy. As part of our commitment to support industry transformation, Bunge will develop implementation and monitoring systems that are compatible with the work that others are doing in this sector."
      
      Open source document
    - Downstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Engagement with non-compliant suppliers
      Engage with suppliers with a time-bound threat of exclusion
      
      2/2
      
      Downstream: Engagement with non-compliant suppliers
      
      Engage with suppliers with a time-bound threat of exclusion
      
      2/2
      
      What criteria does the policy specify for blacklisting or exclusion?: non-compliance to the policy
      
      Does the company engage non-compliant indirect suppliers in order to address and remedy non-compliance?: Yes
      
      What type of support does the company offer to its suppliers to help them achieve compliance with commitments?: engagement visits, reinforced by company-level engagement, monitoring systems
      
      "Where a mill or company in our supply chain is subject to findings or allegations of noncompliance, Bunge will engage with the supplier (for indirect supply, through the relevant trading partner) to agree a time-bound action plan and/or initiate our grievance procedure (see section 3.3)" details for each supply chain stage can be found in their policy (linked)
      
      Open source document
    - Downstream: Disclosure of non-compliant suppliers
      Yes, excluded
      
      1/2
      
      Downstream: Disclosure of non-compliant suppliers
      
      Yes, excluded
      
      1/2
      
      How many noncompliant producers or suppliers are engaged through improvement plans or other processes, and what percentage of the company's supply chain volume does that represent?: 5
      
      Does the company have a list of blacklisted or otherwise excluded suppliers or producers?: Yes
      
      In their grievance section, they present how many suppliers are blocked, suspended, under investigation, bring monitored and when the grievances are closed.
      
      Open source document
- Pulp & Paper *
  
  6/88
  - Commitment Strength
    
    0/20
    - Commitment to protect priority forests
      
      0/8
      - Commitment details
        No commitment
        
        0/6
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/1.3
      - Target date
        No target date
        
        0/0.7
      - Interim target date
        No
        
        0/0.3
    - Commitment to reduce use of virgin wood fibre
      
      0/5
      - Commitment details
        No
        
        0/3
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/1.3
      - Target date
        No target date
        
        0/0.7
      - Interim target date
        No
        
        0/0.3
    - Commitment to a traceable supply chain
      
      0/6
      - Commitment details
        No traceability commitment
        
        0/4
      - Commitment applies to all regions, suppliers and operation
        No
        
        0/1.3
      - Target date
        No target date
        
        0/0.7
      - Interim target date
        No
        
        0/0.3
  - Social Considerations
    
    4/18
    - Labour rights in the supply chain
      Yes
      
      4/4
      
      Labour rights in the supply chain
      
      Yes
      
      4/4
      
      Details of commitment: Discrimination; Forced labour; Child labour; Freedom of association
      
      "Beyond our own walls, we strive to root out all cases of human rights abuses in our value chains by upholding strict standards of compliance, from local and internationally-recognized conventions, to projects and activities that identify and eliminate cases of abuse. Our operations, employees, and third party contractors must comply with all applicable local laws, rules and regulations, as well as our company Code of Conduct. - Eliminating all forms of forced and child labor...Harassment, discrimination and abuse...Freedom of association and the right to collective bargaining...We require that our suppliers’ operations, and those of their subcontractors and suppliers, comply with Bunge’s global labor policy, as well as our Code of Conduct."
      
      Open source document
    - Inclusion of small-scale farmers
      No
      
      0/4
    - Gender equality in the supply chain
      No commitment
      
      0/4
    - Commitment to remediation
      No
      
      0/2
    - Commitment to ensure Free, Prior and Informed Consent
      No
      
      0/4
    - Commitment to resolve land conflicts
      No
  - Reporting and Implementation
    
    2/50
    - Reporting against commitments
      
      0/2
      - Commitment to protect priority forests
        No
        
        0/1.7
      - Commitment to reduce use of virgin wood fibre
        No
        
        0/1.7
      - Commitment to a traceable supply chain
        No
        
        0/1.7
    - Reporting is independently verified
      
      0/1
      - Commitment to protect priority forests
        No
        
        0/1
      - Commitment to reduce use of virgin wood fibre
        No
        
        0/1
      - Commitment to a traceable supply chain
        No
        
        0/1
    - Suppliers aligned with deforestation commitments across supply chain
      No
      
      0/2
    - Deforestation cut off date
      No
      
      0/2
    - Collaborative actions
      No
      
      0/2
    - Risk assessments for forest risk
      No
      
      0/2
    - Operations assessed to comply with law
      No
      
      0/2
    - Accessible grievance mechanism
      No
      
      0/4
    - Report volumes of commodity
      No reporting
      
      0/2
    - Report verified volumes of commodity
      No disclosure
      
      0/6
    - Upstream: Monitor compliance with human rights
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      Upstream: Monitor compliance with human rights
      
      Yes, commit to monitoring compliance with labour/worker rights
      
      2/4
      
      "In those regions or sectors where the risks of violation of our policy are higher, we have implemented a variety of policies and procedures to ensure compliance. We began reviewing palm oil suppliers for labor risks and practices in 2017; however, we have been conducting reviews among grain suppliers in risky areas for a much longer time. In Brazil, we are a signatory of the National Slave Work Eradication Pact developed by the Ethos Institute and the International Labour Organization (ILO) and endorsed by the Brazilian government, civil society and other companies. We cross-reference our commercial systems to government forced-labor databases and block any contracts with listed entities. In 2018, a total of 10 suppliers were disqualified for being on the Ministry of Labor’s forced-labor blacklist, out of approximately 8,500 suppliers that had been screened over the year."
      
      Open source document
    - Downstream: Publishing supplier lists
      No
      
      0/4
    - Downstream: Monitor compliance in supply chain
      No
      
      0/4
    - Downstream: Reporting hectares of deforestation
      No
      
      0/4
    - Downstream: Engagement with non-compliant suppliers
      No engagement or exclusion
      
      0/2
    - Downstream: Disclosure of non-compliant suppliers
      No disclosure
      
      0/2

* commodity scores for which a company is not a powerbroker are given half the weighting of other commodities in total scores

Commitment strength

11/20

Avg. score
Reporting and Implementation

20/50

Avg. score
Social considerations

11/18

Avg. score

Profile

Bunge is a global agribusiness operating in about 40 countries and involved in the processing, manufacture and trading of agricultural commodities. The company is one of the major players in the South American soy industry and one of the largest commodity traders globally. It is one of the largest soy processors in Brazil and one of the market leaders in Argentina, Bolivia and Paraguay. The company also has facilities in China and India. Bunge Ltd. is selected as a powerbroker for soy and paper packaging and is also assessed for its exposure to palm oil.

Sector

Industry sector

Agri commodities, Oils & fats

Segments

Trader, Processor, Manufacturer

United States

Company Type

Company type

Public listed

Collective Commitments

Consumer Goods Forum member

New York Declaration on Forests signatory

Top Brands

Espiga, Homal, Nutra-Clear, WholeHarvest, Pour'n Fry, Pristine Gourmet, Nuestra, San Vincente, Manitoba, Silos de Oro, SPS, Veldrey, Primor, Startmix, SolMix, Venusz, Floriol, Komili, Bunge Pro, Kujawski, Deli, Kirlangic, Chambal, Masterline, Dalda, Gagan, Gagari, Primor, Soya, Salsaretti, Delicia

How we assess the Forest 500

To ensure deforestation free supply chains, companies need to adopt and implement timebound and measurable policies for forest risk commodities.

All assessments use policies published on company websites, some links may have changed or been removed since the time of assessment.

Full corporate sector performance data Forest 500 assessment methodology

More companies

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COMPAÑIA PARAGUAYA DE GRANOS S.A.

Industrias Frigorificos Recreo SAIC

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.

bunge.jpg

Bunge Ltd.

Total

Score:

Total score:

46%

Profile

Top Brands

How we assess the Forest 500

More companies

Disclaimer

bunge.jpg

Bunge Ltd.

Total

Score:

Total score: 46%

Profile

Top Brands

How we assess the Forest 500

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Total score:

46%