ADM reports significant progress toward environmental goals in new Corporate Responsibility report
Posted: 28 May 2015 | Victoria White | No comments yet
In its latest Corporate Responsibility report, Archer Daniels Midland Company (ADM) reports that it has reduced water intensity 19.1% since 2008…
Archer Daniels Midland Company (ADM), one of the world’s largest agricultural processors and food ingredient providers, has been able to sharply reduce its use of water and energy per unit of production—known as water and energy intensity—in recent years.
ADM has been able to do this through the implementation of hundreds of energy efficiency projects and major operational improvements in water reuse and recovery at large processing plants.
In its latest Corporate Responsibility report, the Company reports that it has reduced water intensity 19.1% since 2008, and that energy intensity has declined 17.3% since 2010. Both of these figures put the company ahead of its goal of achieving a 15% reduction in each area by the years 2018 and 2020, respectively.
ADM on track to reach goal of a 15% intensity reduction in carbon emissions by 2020
Carbon emissions since 2010 have fallen 8.6% per unit of production; this progress puts the company on track to reach its goal of a 15% intensity reduction by 2020.
“Driving operational efficiencies is a pillar of our efforts to deliver even better earnings and returns to investors, and it’s also an essential element of our work to lessen ADM’s environmental footprint,” said Bill Manley, the company’s Technology Centre Lead. “We’re pleased with the progress we’ve made on both fronts to date, and with hundreds of additional projects in our pipeline, we believe there remain significant opportunities to deliver strong shareholder value and improved environmental performance.”
In addition to the company’s environmental achievements, the Corporate Responsibility report includes the company’s newly adopted No Deforestation policy.
The report also notes that more than 90 Brazilian soybean farmers are participating in the newly launched ADM Responsible Soy Standard, which requires adherence to a broad set of social, environmental, legal and agronomic standards, and which enables ADM customers in Europe and other regions to source protein meal made from sustainably grown soybeans.
To view ADM’s Corporate Responsibility report, please visit www.adm.com/responsibility.