Port of StocktonViganVan AalstPort of South LouisianaThe Wolfson Centre for Bulk Solids Handling Technology TOC Events
  • Van Aalst
  • TMS Awards 2021
  • Coaltrans Asia 2021
  • Telestack
  • Cimbria
  • Port of South Louisiana

Global ag companies to accelerate towards net-zero emissions

Global ag companies to accelerate towards net-zero emissions

(Posted on 02/11/21)

Ten of the world’s biggest global agricultural trading and processing companies have issued a joint statement committing to a sectoral roadmap by COP27 for enhanced supply chain action consistent with a 1.5°C pathway.

The companies – ADM, Amaggi, Bunge, Cargill, Golden Agri-Resources, JBS, Louis Dreyfus Company, Olam, Wilmar and Viterra – manage large global trade volumes in key agricultural commodities, including more than half of both Brazilian soy exports and global palm oil trade. The statement, which will be announced at the World Leaders’ Summit on Forests and Land Use at COP26, signals a commitment to take urgent collective action to include other key stakeholders in their supply chains. The goal is to identify solutions at scale to further progress on eliminating commodity-driven deforestation and reducing greenhouse gas emissions (GHG).

The Intergovernmental Panel on Climate Change estimates that 23% of global GHG emissions are associated with land use, including 11% of global GHG emissions from deforestation and the conversion of natural ecosystems. The commitment from these companies builds on the existing initiatives to define a pathway to meet the 1.5°C targets, working with other supply chain actors and governments. This collaboration will focus on how to scale up support and incentives for smallholders and farmers, increase traceability to indirect suppliers, and better track scope 3 emissions.

The joint statement comes following a roundtable meeting in October convened by US Special Presidential Envoy for Climate John Kerry and UK Secretary of State for the Department of Business, Energy and Industrial Strategy (BEIS) Kwasi Kwarteng, supported by the Tropical Forest Alliance and the World Business Council for Sustainable Development. Ongoing collaboration continuing to COP27 will be supported by these actors.

Alongside the announcement from these ten companies, a joint statement from 28 governments will be announced at COP26 via the Forest, Agriculture and Commodity Trade (FACT) Dialogue Roadmap for Action. This joint statement calls for governments to increase sustainable agri-commodity trade while protecting forests and other critical ecosystems.

Recent evidence shows that there is no pathway to the 1.5°C targets set out in the Paris Agreement without halting forest loss and improving the livelihoods of producers. The joint statement signals a recognition of the critical role played by businesses working in agricultural commodities.

Latest News

Copper Mark for BHP’s Olympic Dam, Spence and Escondida

(Posted on 30/11/21)

BHP’s Chilean operations Escondida and Spence, and Olympic Dam in Australia, have been awarded... Read more


Evolution to acquire Ernest Henry Mining from Glencore

(Posted on 25/11/21)

Glencore and Evolution Mining Limited (Evolution) have entered into a binding agreement for the sale... Read more


Increased investment for low-carbon AP60 aluminium production

(Posted on 18/11/21)

Rio Tinto is investing US$87 million to increase its low-carbon aluminium production in Canada with... Read more


Production of products from aluminium-scandium alloy launched

(Posted on 18/11/21)

RUSAL, a leading global aluminium producer, together with KUMZ, has successfully launched the production... Read more


Top-line regional growth and end-markets drives Schenck Process profit

(Posted on 11/11/21)

Driven by sustained market recovery and further progress in the implementation of its strategic agenda... Read more


Kamoa Copper reaches new monthly record

(Posted on 08/11/21)

Chairman of the Board, Ben Munanga and Chief Executive Officer, Mark Farren have announced that Kamoa... Read more


Low-carbon aluminium key ingredient for Japan’s growth

(Posted on 28/10/21)

En+ Group, together with its metals segment, RUSAL, has published research that stresses the critical... Read more


Rio Tinto and Carbfix partner for carbon capture and storage

(Posted on 28/10/21)

Rio Tinto and Carbfix are partnering to implement a technology for capturing carbon and permanently... Read more


VDKi: coal continues to secure energy transition

(Posted on 25/10/21)

The Verein der Kohlenimporteure e. V. (VDKi) – the German Coal Importers association, believes... Read more


Trafigura closes Syndicated Revolving Credit Facility and Term Loan Facilities

(Posted on 25/10/21)

Trafigura Group Pte Ltd (“Trafigura”), a market leader in the global commodities industry... Read more


Sailors SocietyTMS Awards 2021CimbriaCleveland Cascades LtdTelestackBühler GmbH
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Sailors Society
  • Vigan
  • Bühler GmbH

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping