ST. LOUIS, Dec. 11, 2020
/PRNewswire/ -- Bunge Limited (NYSE: BG) participated at the
virtual BMO 2020 Growth & ESG Conference to discuss the
Company's current plans and approach to addressing environmental,
social and governance (ESG) factors and opportunities. The fireside
session featured a robust Q&A with Greg
Heckman, Chief Executive Officer, and Rob Coviello, Senior Vice President of
Sustainability and Government Affairs.
The discussion centered around the intersection of
sustainability within the agribusiness and food operating
environment, the sustainability of Bunge's operations and strategic
changes, and Bunge's role in addressing environmental and social
responsibility.
"Sustainability is at the core of our business. When I arrived
at Bunge, I was really impressed with what the company had done and
the real focus on doing the work versus spending a lot of time
talking about it," said Heckman.
Coviello highlighted the collaborative relationship Bunge
maintains with its stakeholders and how it is proactively engaging
with them to capture insights about its sustainability approach. He
also addressed the three priority areas where Bunge is
focused: action on climate; promoting responsible supply
chains, including the industry leading commitment to having
deforestation-free supply chains by 2025; and accountability by
consistently and transparently reporting against sustainability
performance.
"Within our unique oilseeds platform, we have the ability to
promote sustainable agriculture with impact projects that support
the environment while also supporting social and human rights
programs in the areas where we work," said Coviello. "We are
focused on being accountable - we say what we are going to do, and
we do what we say. We consistently and publicly track and disclose
our progress on our commitments and on our sustainability
performance."
When asked about how Bunge views sustainability within the
context of the company's reorganization and revised global business
model, Heckman and Coviello noted the progress that has been made
and how a global approach has allowed the company to address ESG
and sustainability opportunities more quickly and more efficiently
than it had before.
"We feel very confident we will continue to hit our commitments.
We also know that Bunge alone is not the solution in addressing
global sustainability challenges," said Coviello. "That's why we
are working with all the key players along the value chain to make
sure we are coming up with scalable solutions to promote and build
a resilient food system."
Regarding Bunge's future, Heckman noted that Bunge has completed
the turnaround phase of its strategy and is seeing financial
performance improve as a result. Heckman indicated adjusted EPS for
2020 is now expected to be above the previous outlook of
$6.25-6.75, reaching at least
$7.00. He also mentioned the
team is currently "focused on continuous improvement and thinking
strategically about where the demand is going, where our customers
want to be and how we can best serve them." He added, "we are very
excited about the prospects within our global oilseeds platform and
the growth and demand we see – from customers and consumers –
around emerging interest in biofuels, specialty fats and oils, and
plant-based proteins."
A replay of the complete fireside chat will be available for a
limited time on the company's website in the "Events and
presentations" section.
About Bunge Limited
Bunge (www.bunge.com, NYSE: BG) is a world leader in sourcing,
processing and supplying oilseed and grain products and
ingredients. Founded in 1818, Bunge's expansive network feeds and
fuels a growing world, creating sustainable products and
opportunities for more than 70,000 farmers and the consumers they
serve across the globe. The company is headquartered in St.
Louis, Missouri and has 24,000 employees worldwide who stand
behind more than 350 port terminals, oilseed processing plants,
grain facilities, and food and ingredient production and packaging
facilities around the world.
Website Information
We routinely post important information for investors on our
website, www.bunge.com, in the "Investors" section. We may use
this website as a means of disclosing material, non-public
information and for complying with our disclosure obligations under
Regulation FD. Accordingly, investors should monitor the Investors
section of our website, in addition to following our press
releases, SEC filings, public conference calls, presentations and
webcasts. The information contained on, or that may be accessed
through, our website is not incorporated by reference into, and is
not a part of, this document.
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SOURCE Bunge Limited
