Transforming ambitions into reality

Taking definitive action towards sustainable agriculture

Now more than ever, we must step up our efforts to contribute to global food security, helping to bring affordable nutrition to a growing population as demand rises, particularly in Asia. As a major agri-business, we have a real opportunity to create a better future for people and the planet by helping to strengthen the food and agriculture system, protect the climate and conserve nature. And this in turn delivers value to our business and stakeholders. That’s why we are taking definitive action to improve our sustainability performance and build resilience across our supply chains, transforming our ambitions into reality.

Sustainability has long been a core value for our business, and while our strategy is delivering success, we know that we still have work to do to achieve our goals. In 2024, we continued our journey amid the ever more significant impact of climate change on the crops we source. Suppliers in key production regions faced floods, droughts and fires, limiting their ability to deliver sufficient, high-quality yields. Meanwhile, the complexity of trading commodities intensified, with geopolitical tensions affecting major ports and routes, and evolving regulations creating further uncertainty across our industry.

In my view, the socio-economic case for investing in climate action has become increasingly clear. Our long-term success depends on how effectively we integrate climate and nature considerations at the core of our work. Working closely with farmers to achieve this ambition is fundamental to securing future supplies of commodities, contributing to global climate goals, and supporting livelihoods through a shared path to greater resilience.

Once again, we share our progress in relation to our sustainability strategy, exploring our efforts to protect the Earth, empower people and champion our values. Our work is guided by our new double materiality assessment, in line with globally recognised, best-in-class sustainability reporting standards. It reconfirms climate action as our most important priority, together with ending deforestation and protecting workers in our supply chains. Transparently reporting our progress on these priorities reinforces our accountability to our stakeholders.

David Dong
Chief Executive Officer