Bunge

Bunge's reported carbon emissions

Bunge, headquartered in the US and operating in the food products sector, has reported significant greenhouse gas (GHG) emissions. For the reporting year 2024, Bunge reported a total of approximately 142.2 billion kg CO2e across Scopes 1, 2, and 3. This includes approximately 1.67 billion kg CO2e for Scope 1, about 867 million kg CO2e for Scope 2, and a substantial 136.68 billion kg CO2e for Scope 3. Looking at previous years, Bunge's total emissions in 2023 were approximately 107.6 billion kg CO2e, comprising about 1.77 billion kg CO2e (Scope 1), 1.10 billion kg CO2e (Scope 2), and 94.94 billion kg CO2e (Scope 3). In 2022, total emissions were approximately 106.9 billion kg CO2e, with Scope 1 at about 1.76 billion kg CO2e, Scope 2 at approximately 1.10 billion kg CO2e, and Scope 3 at about 93.04 billion kg CO2e. For 2021, total emissions stood at approximately 106.2 billion kg CO2e, including Scope 1 emissions of about 1.77 billion kg CO2e, Scope 2 emissions of approximately 1.26 billion kg CO2e, and Scope 3 emissions of about 103.44 billion kg CO2e. In 2020, Bunge reported total emissions of approximately 116.4 billion kg CO2e, with Scope 1 at about 1.85 billion kg CO2e, Scope 2 at approximately 1.34 billion kg CO2e, and Scope 3 at about 111.40 billion kg CO2e. Prior to 2020, Bunge primarily disclosed Scope 1 and Scope 2 emissions. For instance, in 2019, Scope 1 was approximately 1.96 billion kg CO2e and Scope 2 was about 1.79 billion kg CO2e. Bunge has established several climate commitments and reduction targets. The company is committed to achieving net zero emissions by 2050, covering Scope 1 and Scope 2. Furthermore, Bunge has near-term science-based targets (SBTs) validated by the Science Based Targets initiative (SBTi). These SBTs aim for a 25% reduction in GHG emissions from operations (Scope 1 and 2) and a 12.3% reduction in supply chains (Scope 3) by 2030, based on a 2020 baseline. As of 2024, Bunge reported a 19.7% reduction in absolute Scope 1 emissions against its 2020 baseline and a 6.7% reduction in absolute total Scope 3 emissions by the end of 2024, demonstrating progress towards its 2030 goals. Additionally, Bunge has set an intensity target to reduce Scope 1 and 2 emissions per unit of production by 10% between 2016 and 2026, and has also set a target to reduce energy use by 10% per ton of product by 2026, from a 2016 baseline.