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Cargill focuses on purpose to keep food, ag systems resilient

TAGS: Business
Cargill focuses on purpose to keep food, ag systems resilient
Company’s annual report highlights agility and perseverance while navigating COVID-19 pandemic.

Fiscal 2020 for Cargill was a year like no other, but having been in business for 155 years, the company is no stranger to crises. In such a challenging environment, the company said it has anchored to its purpose and values to nourish the world in a safe, responsible and sustainable way. Despite challenges facing the food and ag system and disruptions from the COVID-19 pandemic, Cargill’s fiscal 2020 annual report, “Nourishing the World,” showed how the team’s resiliency and agility helped keep supply chains moving to put food on family tables around the globe.

“The last year taught us that we are capable of so much more than we previously thought. We can move faster, with more agility, navigating a crisis while keeping our people’s well-being front and center,” Cargill chairman and chief executive officer David MacLennan said. “We are grateful to our employees, customers and other partners who worked around the clock to nourish the world and maintain confidence in the food and ag systems. Together, we are stronger.”

The following are highlights from the company’s 2020 annual report:

Safety

Cargill said its commitment to safety enabled it to steadily remove risks, reducing injury rates by 88% over the past 30 years. As the COVID-19 crisis emerged, Cargill facilities adapted pandemic response plans to quickly deploy robust safety protocols worldwide. With the company’s core value of putting people first top of mind, Cargill is focused on sending employees home safely every day. The company has also reduced incidents related to food safety, quality or regulatory issues by 26% over the past year.

Responsibility

The company donated $115 million in charitable contributions in the last fiscal year, providing relief during the current pandemic and helping farmers and communities prosper for the long term. Cargill provided meals to frontline workers and others in need and focused on closing the gender gap in agriculture, launching a $10 million, three-year partnership with CARE’s She Feeds the World program. Working across nine countries, this program will boost the earnings potential of female farmers.

Sustainability

Cargill further reported that its commitment to protect the planet has not wavered. In fiscal 2020, the company announced a new target to reduce greenhouse gas emissions from global supply chains 30% by 2030, measured per ton of product. To protect and enhance water resources, Cargill announced context-based water targets in priority watersheds to increase access to clean water in communities that need it most. The company also said it achieved significant milestones in key supply chains, including soy, cocoa, ocean transportation, beef, aqua nutrition and palm.

“Cargill continues to take aggressive action against key sustainability goals, as agriculture is how we will empower farmers to mitigate climate change, regenerate soils and improve water use,” Cargill chief sustainability officer Ruth Kimmelshue said.

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