The annual celebration recognizes
organizations that demonstrate remarkable industry stewardship,
sustainability and innovation in food and agribusiness
NEW
YORK, Dec. 6, 2024 /PRNewswire/
-- Rabobank, a premier global food and agribusiness bank
founded 125 years ago and a leading financier of the energy
transition, today announced the recipients of its annual
prestigious Rabobank North America Leadership Awards. Lineage Inc.,
the world's largest global temperature-controlled warehouse REIT,
took home the hardware for the Rabobank Award for Excellence in
Corporate Leadership.
Lineage took home the hardware for the
Rabobank Award for Excellence in Corporate Leadership.
This Leadership Award honors a large-scale market leader in
North America that has generated
strong business results while forging a lasting impact on its
sector and the world at large. Lineage was celebrated among 400
guests on Thursday, December 5,
during Rabobank's annual Leadership Summit in New York City.
"We commemorate Lineage, a visionary company demonstrating
strong leadership, innovative solutions and social responsibility,
to drive responsible growth and navigate the ever-changing
landscape of the future of food," said David Bassett, Head of Wholesale Banking North
America at Rabobank.
Headquartered in Michigan,
Lineage is transforming the world's food supply chain to eliminate
waste and help feed the world with a global network of conventional
and automated cold-storage facilities. The robust network includes
more than 480 strategically located facilities across North America, Europe, and Asia-Pacific.
"It is an honor to be recognized for this year's Rabobank Award
for Excellence in Corporate Leadership, reflecting the vital work
of our purpose-driven and experienced leadership team who works
alongside more than 26,000 Lineage team members who challenge
themselves to transform the food supply chain," said
Adam Forste, Co-Founder and
Co-Executive Chairman of Lineage. "At Lineage, we take great
pride in our work as a leading, mission-critical component of the
global food supply chain, as we march toward our purpose of
eliminating waste and helping feed the world."
Across the globe, approximately 14 percent of the world's food,
valued at $400 billion, is lost on an
annual basis between harvest and the retail market (FAO 2019). At
the same time, an estimated 17 percent of food is wasted at the
retail and consumer levels (UNEP, 2021). Lineage couples end-to-end
supply chain solutions with proprietary technology and partners
with some of the world's largest food and beverage producers,
retailers, and distributors to help increase distribution
efficiency and advance sustainability.
Poised for success following one of the largest IPOs of the
year, the company is also committed to giving back. They
established the Lineage Foundation for Good as
a non-profit charity to serve the communities in which
Lineage operates. The Foundation positively impacts communities
across the globe by lending its supply chain expertise to help
reduce waste and provide immediate relief to those in need. Lineage
Foundation for Good impacts in its first few years include:
rescuing and redirecting more than 20 million pounds of food to
hungry families; granting over $8.3
million in gifts to charitable partners; and logging more
than 19,500 volunteer hours donated by Lineage team members,
demonstrating the company's commitment to food and agribusiness
stewardship.
During the Leadership Summit, Lineage was recognized along with
the recipient of the 2024 Rabobank Award for Leadership in
Sustainability, The Wonderful Company, one of the leading
agriculture, real estate, and consumer packaged goods companies in
the United States.
The 2024 Rabobank Award for Emerging Leadership in
Innovation was presented to Flashfood, an app
for affordable groceries.
The finalists were evaluated by an independent panel of judges
representing industry, academia, non-profits, media and the
investment ecosystem. Award recipients were selected based on a
rigorous set of criteria distinctive to each category.
The Leadership Awards honor large corporations and fast-growing
emerging companies that are the touchstone for industry
stewardship, sustainability and innovation across the food and
agribusiness industry. The awards also recognize companies meeting
today's global economic challenges and answering the critical call
for greater social responsibility and community involvement.
About Rabobank
Rabobank Group is a global financial
services leader providing wholesale and retail banking, leasing,
and real estate services in more than 37 countries worldwide.
Founded over a century ago, Rabobank today is one of the world's
largest banks with over $678 billion
in assets.
In the Americas, Rabobank Wholesale Banking North America is a
premier corporate and investment bank to the food, agribusiness,
commodities and energy industries. Rabo AgriFinance, a subsidiary
of Rabobank, is a leading financial services provider for farmers,
ranchers and agribusinesses in the United
States. Together, we provide sector expertise, strategic
counsel and tailored financial solutions to clients
across the entire value chain.
Visit www.RabobankWholesaleBankingNA.com and www.RaboAg.com.
About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world's largest global
temperature-controlled warehouse REIT with a network of over 480
strategically located facilities totaling over 84 million square
feet and approximately 3.0 billion cubic feet of capacity across
countries in North America,
Europe, and Asia-Pacific. Coupling end-to-end supply chain
solutions and technology, Lineage partners with some of the world's
largest food and beverage producers, retailers, and distributors to
help increase distribution efficiency, advance sustainability,
minimize supply chain waste, and, most importantly, feed the world.
Learn more at onelineage.com and join us
on LinkedIn, Facebook, Instagram, and X.
Media Contact:
Melanie Bernds
Melanie.bernds.smith@rabobank.com
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SOURCE Rabobank