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Company News, Sustainability

Hormel Foods continues ESG investment in practices to enhance soil health, water and air quality, and sequester greenhouse gases

Hormel Foods Corporation, a Fortune 500 global branded food company, along with its subsidiary Applegate Farms LLC, is leading the way in supporting farmers who employ regenerative agriculture practices, a holistic system of farming that encourages continuous innovation and soil improvement using techniques such as minimal or no soil tillage, regular crop rotation and cover cropping.

Hormel Foods recently became a major sponsor of an up to 50,000-acre regenerative-agriculture pilot project to be located throughout central and southeast Minnesota. Assistance from Hormel Foods and other participants will help provide financial incentives for farmers to participate in the project and adopt regenerative agriculture practices. Furthering regenerative agriculture is part of the Hormel Foods 20 By 30 Challenge, a set of 20 aggressive environmental, social and governance (ESG) goals the company intends to reach by 2030.

“As we face the daunting challenges of feeding a growing global population while protecting the planet, we believe advancing regenerative agriculture practices is a smart and responsible choice,” said Mark Coffey, group vice president of supply chain at Hormel Foods.

Hormel Foods continues ESG investment in practices

Company News, Sustainability

This report reflects Corteva’s continued transparency across the company’s environmental, social and governance (ESG) efforts

Corteva, Inc has released its 2021 Sustainability and ESG Report, providing an update on the company’s progress on its commitment to deliver science-based solutions for addressing the world’s most pressing environmental, economic and social challenges.

This report reflects Corteva’s continued transparency across the company’s environmental, social and governance (ESG) efforts. The 2021 report reinforces the company’s focus on building an agriculture ecosystem where farmers, society and business can thrive, while underscoring Corteva’s commitment to enriching the lives of those who produce and those who consume. 

“The challenges facing society and the planet demand urgent action, and we believe agriculture plays a vital role in providing viable solutions,” said Chuck Magro, Chief Executive Officer, Corteva Agriscience. “By focusing on the areas which we believe will have the greatest impact toward achieving climate positive agriculture, we will create a more resilient and productive food system. We will rely on innovation and technology to guide our journey.”

“We support farmers around the globe with the necessary tools and innovations to produce what our food system demands while conserving resources and sustaining the land,” said Sam Eathington, Chief Technology and Digital Officer, Corteva Agriscience. “The progress in this report outlines the next phase of our sustainability work – and includes concentrated efforts in sustainable innovation, biodiversity, greenhouse gas emissions, and inclusion, diversity and equity.”

The 2021 Sustainability and ESG Report provides a global update on key social and environmental topics.

This report reflects Corteva's continued transparency across

Finance

UPL has delivered another quarter of strong business performance in a challenging environment

UPL Limited has recently reported financial results for the third quarter of FY22 (Oct-Dec 2021). Q3 FY22 revenue witnessed robust growth of 24 per cent YoY to reach Rs 11,297 crore, led by healthy growth in volumes (+11 per cent) and better product realisations (+13 per cent). Further, Q3 FY22 EBITDA grew by 21 per cent YoY to Rs 2,666 crore as against Rs 2,209 crore in Q3 FY21.

Commenting on the performance, Jai Shroff, CEO – UPL Limited, said “UPL delivered another quarter of strong business performance in a challenging environment with growth across all regions except India. We are confident of continuing this business momentum and ending the fiscal year 2022 on a strong note.” “We also undertook multiple initiatives to re-imagine sustainability and in Q3, we successfully raised a sustainability loan of $700 million.”

He added, “At the same time, furthering our commitment to the Gigaton challenge, our digital platform ‘nurture.farm’ successfully completed its Crop Residue Management Program, thereby preventing release of over 1 million tons of carbon emissions. Taken together, these initiatives underscore UPL’s commitment to sustainability as we continue to raise the bar for the industry as a whole with UPL being ranked once again as the #1 global crop protection company amongst its peers by Sustainalytics in its 2021 ESG rankings.”

UPL has delivered another quarter of strong