Moving Forward with Purpose
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Moving forward with purpose Sustainability Report Contents Fundamentals 04 Moving forward with purpose – CEO message 06 At a glance 08 Toward development goals Pillars of sustainability 16 Our people 22 Our environment 30 Our partners 36 Our communities Platform insights 44 Palm 48 Juice 50 Coffee 52 Cotton 54 Soybeans 58 Freight Sustainability Report 2018 1 Fundamentals 04 Moving forward with purpose – CEO message 06 At a glance 08 Toward development goals 2 Louis Dreyfus Company Sustainability Report 2018 3 Fundamentals Pillars of sustainability Platform insights Moving forward Our performance against targets in 2018 with purpose CEO message 11 6 6 7 33 1 Completed In progress Amended Missed Newly set Removed Introduced just over a year ago, our purpose by 1% in 2018 and, although there are aligned with our sustainability commitments First, we will be evolving our Corporate perfectly reflects and drives the focus of our good reasons for this, that is not where we and meet consumers’ increasing demand Sustainability Policy, originally written business. A lot of work was carried out in want to be. We will redouble our efforts in for product traceability. We are happy to in 2010 as an internal document, into 2018 to give our people across the company 2019 to attain the target 5% reductions by embrace greater scrutiny and work to find a publicly available statement of our the opportunity to share their insights and 2022 (see pages 22-28). solutions to some of the challenges. commitments, globally and in specific value suggestions on what exactly it means to chains such as palm, soy and coffee. It will make our purpose an integral part of our In other areas, our partnerships with expert The road is not necessarily easy, but I, like also define more formally our commitment day-to-day business. organizations produced great results in everyone at LDC, am resolved to focus on to promoting human rights in accordance 2018. We far exceeded our targets in achieving commercial success sustainably, with the United Nations’ Guiding Principles At the same time, we are conscious that cotton by increasing the amount of Better in line with our purpose. on Business and Human Rights. there is still much to be done and that no Cotton Initiative-verified produce we one organization can solve the challenges purchased by 140% year-on-year, and by Diversifying for success Secondly, and building on this, we will of feeding a growing world population 824% compared to 2013 (see page 52). In Diversity is one of LDC’s core values, reinforce our sustainability governance sustainably. We are convinced that only by addition, we learnt that thanks to our long- and indeed the cultural, geographic and processes with a new oversight committee working together to find shared solutions standing partnership with the International commercial diversity of our business is one for each of environmental and human rights to common global issues can we create Labour Organization (ILO) and myriad other of our fundamental pillars of success. But protection. Both committees will include a future that is sustainable and fair for all. stakeholders, we achieved our objective of because we want to lead our industry in members of LDC’s Senior Leadership Team Partnership among the myriad actors – eradicating child labor from cotton harvests this space, we can and need to do more. and sustainability function, and we are governments, civil society, intermediaries, in Uzbekistan (see page 31). looking to engage acknowledged experts transporters, farmers, etc. – is the only A genuine respect for differences and from outside the company to sit on each path forward. Still, recognition of significant progress recognition of the importance of inclusion committee, to guide and challenge us. in Uzbekistan is tempered by concerns are already part of LDC’s DNA. To make This report highlights some of the about child labor in Burkina Faso’s cotton every aspect of working at our global I believe these steps, guided by our values achievements and positive steps we have industry, raised by NGO Solidar Suisse. company welcoming for every profile of and purpose, will provide LDC with a taken, alone and in partnership with others, Although all the cotton we source from talented person who might join us, we solid foundation on which to progress during 2018 to develop a sustainable and Burkina Faso is certified through the are exploring ways to bring this to life in further toward transparent, traceable and traceable value chain, and an environment in Cotton Made in Africa scheme, which practical ways. sustainable operations. which people and communities can flourish. trains farmers on the need to eliminate As we publish our Sustainability child and forced labor, we are investigating As a first step, in 2018 we completed Successes and challenges in 2018 how we can improve further. a gender diversity review, which has Report for the seventh year in a You will find in this report many examples of become the basis for a full-scale program row, I am pleased with the progress how our day-to-day business is inextricably Palm and soy also reported successes of broad policy changes and more granular linked with the drive toward a safe and during the year, not least with the adjustments as we move forward we are making and the connection sustainable future. introduction of our industry-leading Soy (see pages 20-21). of our long-standing sustainability Sustainability Policy. Here again, there is a 2018 was our first year spent working lot of work to do and we are likely to face I believe this will make LDC more inclusive, efforts to the company’s purpose of toward the global, time-bound environmental challenges, but we will remain resilient in regardless of gender, origin or background, impact reduction targets we set in 2017, and our commitment. and help ensure that we attract, nurture and fair and sustainable value creation. this process has pushed us to take great retain the best available talent everywhere. strides and to confront difficulties. In palm, we have already excluded certain suppliers for non-compliance with our Palm The future of sustainability We have made important steps in Sustainability Policy, and decided not to Our purpose to create fair and sustainable measuring our impact transparently, for trade with other entities in the same group value remains our ultimate goal. I would instance by presenting the full carbon profile on other commodities. like to mention two key areas where we of our Freight activities for the first time will put particular focus in the near future, (see page 59), as a baseline from which As our business strategy leads us further in order to deliver on our commitments to to improve. At the same time, we missed downstream in our value chains, we are also sustainability and transparency. our goal to reduce overall environmental looking to ensure that new investments are impacts associated with our asset footprint 4 Louis Dreyfus Company Sustainability Report 2018 5 Fundamentals Pillars of sustainability Platform insights Moscow Calgary Rotterdam Wittenberg Antwerpen Warsaw London Kiev North America Ghent Paris Grand Junction Ürümqi Norfolk Geneva Milano Chicago Lyon At a glance Claypool, Sofia Krasnodar Shymkent Beijing Claypool Wilton Indiana, US Kansas City Istanbul Fresno Lisbon Madrid Zhangjiagang & Major initiatives to Cordova North Asia Dongguan, China improve wastewater Lubbock Brazil Shanghai treatment Port Wentworth Innovations to Sugar Winter Garden Commitment to Alexandria Gurgaon reduce GHG Land preserving the Dubai Karachi Kunming emissions by Cerrado through Europe, Louis Dreyfus Company Middle East reusing heat is a leading merchant and LDC’s Soy Mexico D.F. Sustainability Policy & Africa Villanueva processor of agricultural Dakar Bangalore goods, leveraging its global Ho Chi Minh South & Lagos reach and extensive asset Bogotá North Abidjan Southeast Latin Klang Asia network to deliver for Kampala America Tema Singapore customers and consumers Nairobi around the world – safely, Mombasa Jakarta responsibly and reliably. Lima India Lusaka Collaborative project training 10,000 South & West São Paulo cotton farmers on Johannesburg Latin America Asunción Santos intercropping, proper use of fertilizers and Brisbane Ethiopia & women’s inclusion Rosario Uganda Argentina Montevideo Partnership with the Buenos Aires Member of the Louis Dreyfus Melbourne Agroideal Foundation and PUR Projet to provide Key multi-stakeholder group identifying comprehensive coffee Grains & Oilseeds areas where soy farming training Rice farming expansion is Coffee suitable Cotton Sugar Juice Dairy Offices Our vision Our mission Value Chain Segment Merchandizing Segment To work toward a safe To use our know-how Grains Coffee and sustainable future, and global reach to bring contributing to the the right product to the global effort of providing right location, at the Oilseeds Cotton sustenance for a growing right time. population. Juice Sugar Our purpose Freight Rice We are committed to supporting the communities we serve, through fair and sustainable value creation. Global Markets Dairy 6 Louis Dreyfus Company Sustainability Report 2018 7 Fundamentals Pillars of sustainability Platform insights Toward SDGs 2 / 8 / 17 12 SDG / 13 development / 1 5 / goals 17 S D Deforestation, G s Partnership Conversion & 1 6 / 1 Working Biodiversity 2 G / 7 D S / 1 2 Land Climate / 1 Led by our purpose, we aim to be Rights Change 3 a leader in our industry toward meeting the UN’s Sustainable Development Goals (SDGs). These S D goals, and the motivation behind Partnership Working G s 0 them, are clear, but the fundamental 1 6 / 5 Water / 5 LDC ways in which agribusinesses like 1 G Diversity 2 Global Policy: s Scarcity D SDGs / G LDC can help are less well known. S 1 D Our Partners (p30) Challenges 4 S / 1 Last year’s report outlined the SDGs we can Platforms 5 contribute to through our position in each of our Juice Soy value chains, and how we do so.