2023

ESG Report
2 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Table of contents

Overview........................................................2 Land and Water...........................................19 Community Impact.....................................48 Appendix....................................................152

Letters from our CEO and CSO.................3 Our approach: Land.................................20 Our approach............................................49 TCFD Index ............................................153
About Cargill...............................................4 Protect...................................................21 Strategic partners.....................................50 SASB Index ............................................154
Where we operate......................................5 Regenerate............................................24 Partnerships in action...............................51 Animal Welfare Index..............................159
2023 highlights...........................................6 Restore..................................................26 Global philanthropy and volunteerism.....53
Awards and recognition ............................7 Innovate.................................................27 Responding in times of crisis...................54
Protecting biodiversity..........................28
Strategy..........................................................8 Our approach: Water................................29 Ethics and Compliance..............................55
Focus areas ................................................9 Water in our operations........................30 Our approach............................................56
ESG governance, leadership, and Water in our supply chains...................31 Our ethical culture....................................56
collaboration.............................................10 Water in our communities....................32 Promoting risk management and
ESG scorecard..........................................11 compliance...............................................57
People..........................................................33
Climate.........................................................13 Our approach............................................34 Delivering Impact.......................................58
Our approach............................................14 Health and safety......................................35
Scope 1 and 2..........................................15 Diversity, equity, and inclusion.................39 Sustainable Supply Chains.......................67
Scope 3.....................................................16 Employee training and development......41 Aqua Nutrition...........................................68
Moving food sustainably around Human rights............................................42 Cocoa & Chocolate..................................89
the world...................................................18 Farmer livelihoods....................................45 Palm Oil...................................................111
Soy..........................................................131
3 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Letters from When it comes to Trusted

our CEO urgent challenges
facing people and
relationships
with our
and CSO the planet, Cargill’s customers, food
connections producers, and
Delivering across the food stakeholders
system give us the empower Cargill
impact with
opportunity – and to deliver greater
purpose and responsibility – to deliver impact than any of us can alone;
partnership meaningful solutions. it’s the power of partnership that’s
That’s why, throughout our global supply chains, Cargill is
fueling our progress.
driving industry-leading change that’s creating value for our We all have a role to play in reimagining what’s possible in
customers, farmers, and communities. And agriculture is how food and agriculture. Farmers tend the soil and care for their
we’re getting it done. animals. Our customers serve the world’s consumers. And
Cargill facilitates connections that nourish the world in a safe,
The problem-solving potential of agriculture has always been
responsible, and sustainable way.
essential in nourishing people, supporting the livelihoods of
farmers and food workers, and unlocking opportunities for This report shares how we are delivering impact with purpose
growth. Now, as the world faces rising food insecurity and and partnership. In it you will see that Cargill is:
disruptions caused by conflict and climate change, we need
• Delivering innovative, sustainable solutions for our customers
new solutions rooted in agriculture and supported by science.
that together drive collective action;
Cargill is invested in cultivating the innovation and • Engaging with farmers around the world to transform
partnerships the world needs to help make it happen. Leading agriculture supply chains to be more sustainable; and
with our values, we’re working to help achieve zero hunger, • Partnering to build resilient, inclusive communities where we
decarbonize our industries, protect and restore natural do business.
resources, and ultimately improve people’s lives. We know that Cargill’s values in action can add still greater value
– for the climate, land and water, and people around the world
We’re proud of our efforts and committed to sharing our whose nourishment depends on it. And we’re committed, as
results to accelerate our progress and deepen our impact. ever, to getting it done.

Brian Sikes Pilar Cruz

President and Chief Executive Officer Chief Sustainability Officer
4 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

About We connect farmers with markets, customers with ingredients, and families with
daily essentials. Our work spans:

Cargill Origination & Processing

Our purpose
To nourish the world in a Partner with farmers Originate and source commodities. Store, process, and transport goods
safe, responsible, and growing crops. around the world.
sustainable way.
Food & Bioindustrial Animal Nutrition & Protein

Our values

•W
 e put people first.

• We reach higher. Sell ingredients, finished solutions, and services to manufacturers, Feed and process animals.
foodservice customers, and retailers.
• We do the right thing.
Food & Bioindustrial Agricultural Supply Chain Trade & Capital Markets

Process commodities into branded food, feed, fuel, Provide insights to our partners.
ingredients, and bioindustrials.

Generating $177
Established Selling to
billion1 in revenues in
in 1865 125 countries
1
All financial amounts are presented in U.S. dollars.
fiscal year 20232
2
For the fiscal year beginning June 1, 2022, and ending May 31, 2023.
5 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Where we operate
We employ a team of more than 160,000 talented people in 70 countries
who are committed to nourishing the world, while also conserving vital
ecosystems and investing in the communities where we live and work.

Europe, Middle East, and Africa

15% of Cargill employees

North America

31%
of Cargill employees

Asia / Pacific
33%
of Cargill employees

Latin America

21%
of Cargill employees
 6 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

2023 highlights
Provided more than
$78 million More than
870,000 20 million
invested in efficiency and meals globally
sustainability projects within farmer trainings
delivered in 2023 through our corporate
our operations giving efforts

Advanced regenerative Improved nutrition and

More than agriculture practices on
9 billion
economic livelihoods of
880,000 more than
liters of water restored
acres 21 million
people through Hatching
of North American
Hope3 since inception in 2018
farmland since 2020

10.97%
reduction of
Scope 1 & 2 emissions
from 2017 baseline Distributed Increased representation of
Calendar year
5.52% more than women in leadership to
2021
Calendar year
2022 10.97% $115.5 million 34.8%
to our partners and local
2.5% 5% 7.5% 10%
Goal communities
2025

3
The aim of the Hatching Hope Global Initiative is to improve nutrition and economic livelihoods by reaching 100 million people by 2030 through the production, promotion, and consumption of poultry.
7 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Awards and recognition

We seek to produce best-in-class products and innovative solutions
that advance our purpose of nourishing the world in a safe,
responsible, and sustainable way – all while being a great place to
work. We’re proud of the external recognition we received this year:

America’s Most Innovative 2022 Brands That Matter

CES Innovation Award
Companies 2023 – Fortune Award – Fast Company
Chekt smart food locker takeout
Product innovation, process Communicating and
and delivery pickup system
innovation, and innovation culture demonstrating brand purpose

2023 Diversity, Equity, and

2023 BIG Innovation Award 2023 Edison Awards™
Inclusion Award – NAMI
Food and agricultural product Product innovation – four awards
Promoting and implementing a
innovation (two Gold, one Silver, one Bronze)
DEI strategy (Honorable Mention)

HRC Corporate Equality Top 50 Corporate

Best Places to Work in Latin
Index 2022 Sustainability Award 2022 –
America, 2022
100% rating by Human Nhip Cau Dau Tu Magazine
Cargill Argentina, Top 50 places to
Rights Campaign for the 18th Cargill Vietnam, implementation of
work
consecutive year sustainability initiatives
8 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Strategy Our sustainability strategy is focused on three areas:

Climate, Land and Water, and People. Within each of
these areas, we have a clearly defined approach with
commitments and programs to drive positive change
and maximize our impact within our operations,
supply chains, and communities.
9 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our strategy
Focus areas
Cargill is working to transform the food and agricultural industry to address some of
The global challenges across our focus areas of Climate, Land and Water, and People
are interconnected. Our sustainability strategy is intentional in its approach to creating
products, partnerships, and programs that have multiple benefits across our focus
areas, allowing us to advance our ambition to deliver as much positive, collective
society’s greatest challenges. Yet, we know that to positively impact these global issues, impact as we can.
we must first effect change within our own businesses. That is why we’ve focused our
sustainability strategy in three areas: Climate, Land and Water, and People. Within
these three areas, we have specific commitments and targets that provide clarity on the
most important issues we seek to address through our solutions, supply chains, external
partnerships, and management of our operations and businesses (see ESG Scorecard).

Climate
Food insecurity and climate change are inextricably linked. We must
mitigate and adapt across the food system – particularly helping
farmers, who are on the front lines of climate change. That’s why our
climate action includes aggressive measures to expand farmer-led
adoption of regenerative agriculture and decarbonize how we grow, Integrated
process, and move the world’s food. strategy,
multiple
benefits
Land and Water
Effectively managing our planet’s natural resources, including
preserving critical ecosystems and water resources, is essential to
ensuring we can continue to produce food for a growing population.
It is also essential to enabling climate mitigation and adaptation. Our
work is grounded in nature-based solutions and accelerated through
partnerships with farmers, customers, industry groups,
non-governmental organizations (NGOs), and governments.

People
Our food and agriculture system must nourish the world. But to do
Our strategy was informed by a materiality assessment completed in fiscal year 2022.
that, we need to support the people who make it possible. Working
This assessment aimed to identify the most relevant ESG issues for our company,
alongside our employees, farmers, customers, and communities, we
evaluating material topics based on their impact on the environment and society, as
seek to improve livelihoods, and build a more equitable, inclusive,
well as business and financial success. Our material topics are aligned to our focus
and resilient food system.
areas of Climate, Land and Water, and People, and are used to guide ESG investment,
measurement, and ongoing partnerships.
10 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

ESG governance, leadership, and collaboration

Sustainability is deeply ingrained in Cargill’s business strategy Stakeholder engagement About this report
as a core driver of our customer value proposition, industry
leadership, stakeholder expectations, and short- and long- To drive systemic change across the food and agriculture This report summarizes our ESG policies, management
term risk management. It is also woven into all elements of system, we must collaborate with the stakeholders that approach, programs, and performance across our company.
our business, including our commercial offerings, customer influence all parts of that system. Given our role as a global All information covers Cargill’s fiscal year 2023 (June 1,
partnerships, and operational functions. And it starts at connector, we have embraced the opportunity we have to 2022 – May 31, 2023), unless otherwise noted. The report
the top. bring together governments, peer companies, NGOs, and content was developed to align with our most material ESG
thought leaders to spearhead industry-wide transformation. topics and our sustainability strategy, focused in the areas
Overall responsibility for sustainability and ESG rests with the Cargill has deep, oftentimes decades-long relationships with of Climate, Land and Water, and People, and to highlight the
CEO, who also serves on Cargill’s Board of Directors. The many of these organizations and industry players, such as environmental and social outcomes we are driving across our
CEO collaborates closely with the Chief Sustainability Officer CARE, the United Nations World Food Programme, World operations, supply chains, and the communities where we live
(CSO) to evaluate and address ESG risks, opportunities, Central Kitchen, Save the Children, and World Resources and work. Additional information about our ESG performance
and impacts, guiding the company’s overarching business Institute. Every day, we have people around the world can be found in the Appendix of this report as well as within
strategy and reporting practices. Reporting to the CEO, our engaging in dialogue with their counterparts and program the ESG scorecard.
CSO is entrusted with leading Cargill’s comprehensive ESG partners – all working together toward common goals to
strategy and monitoring progress against ESG goals and improve our food and agriculture system. A list of key external The United Nations Sustainable
targets. To fortify ESG governance and accountability, Cargill partnerships can be found in the Community Impact section
also has an executive-level ESG Governance Committee,
Development Goals
of this report.
chaired by the CSO, that monitors progress and assists in
Cargill is committed to supporting the United Nations (UN)
strategic planning and alignment across the company.
Sustainable Development Goals  (SDGs), which provide
a shared blueprint for governments, businesses, and NGOs
to galvanize action behind our world’s greatest challenges.
As a participant of the UN Global Compact, we believe the
private sector plays an important role in deploying innovative
Our contributions to the SDGs solutions and resources – and working with the public sector
and civil society to deliver even greater impact.
Climate People Community Impact
Farmer livelihoods Human rights
We’ve aligned our sustainability strategy and targets with the
SDGs (see our ESG Scorecard) and the 2030 Agenda for
Sustainable Development . Details around our impact,
commitments, programs, and strategic partnerships with
governments, NGOs, and other business leaders can be
Land and Water
found in the corresponding sections of the report for each
Land use Water Diversity, equity, and inclusion
resources of the areas outlined below.
 11 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

ESG scorecard Cargill’s purpose is to nourish the world in a safe, responsible, and sustainable way. We have set science-based targets and invested
in bold action to deliver on our ambition. We are committed to reporting progress against those goals, and to expanding transparency
about the impacts of our operations, products and services, and supply chains around the world. The following chapters within this
Fiscal year 2023 report contain additional details around our progress against these targets. We are actively investing in and accelerating our progress
against the targets that are listed as needs attention.
Key: Needs attention On track Achieved

Climate Our targets contribute to the following SDGs:

Target metrics Status Progress by end of fiscal year 2023

Scope 1 and 2 (Operations)4: Reduce absolute operational greenhouse gas (GHG)

emissions 10% by 2025 -10.97% reduction5 from 2017 baseline -10.97%

Scope 3 (Supply Chain): Reduce global GHG emissions from our global supply
chain by 30% by 2030, measured per ton of product -0.43M MT CO2e reduced6 through supply chain sustainability programs

Land and Water Our targets contribute to the following SDGs:

Target metrics Status Progress by end of fiscal year 2023

Transform our agricultural supply chains to be deforestation-free

Please see the Sustainable Supply Chains section of Cargill’s ESG report for detailed land use
Eliminate deforestation across our agricultural supply chain by 2030 reporting. Each of our priority supply chains provides a dashboard of progress against key
land use metrics

Enable a water positive impact7 in our operations, supply chains, and communities

Operations: Implement water stewardship practices at all 72 priority facilities Average implementation of water stewardship
78%
by 2025 practices across all priority facilities

Supply Chain and Communitites: Enable a water positive impact in all priority Progress toward enabling a water positive impact 8.6%
regions by 2030

4
Scope 1 and 2 refers to GHG emissions from our operations and 5
Calendar year 2022 result. Our Scope 1 and 2 GHG inventory was 6
Cargill will report a percent reduction against baseline once we 7
Cargill defines a water positive impact as effectively improving
from energy purchased from the grid, respectively. Scope 3 refers verified at a limited level of assurance by S&P Global. Please see complete our full Scope 3 inventory. Please see Cargill’s 2023 watershed health by addressing the shared water challenges of
to upstream and downstream supply chain emissions. Cargill’s 2023 CDP Climate Response  for more information. CDP Climate Response  for more information. availability, quality, and access to safe drinking water, sanitation,
and hygiene (WASH), using an approach that is informed by our
footprint and the severity of local water challenges.
 12 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

ESG scorecard
Fiscal year 2023 continued
Needs attention On track Achieved

People Our targets contribute to the following SDGs:

Target metrics Status Progress by end of fiscal year 2023

Partner with farmers to help their businesses and communities thrive for generations to come

Provide 10 million farmer trainings in sustainable agricultural practices

Attendance at farmer trainings since 2017 6.4 million
by 2030

Improve nutrition and economic livelihoods by reaching 100 million people by 2030
People reached 21 million
through the production, promotion, and consumption of poultry

To be a respected global leader in diversity, equity, and inclusion

Percentage of women in leadership roles

Achieve gender parity in leadership by 2030 globally 34.8%
toward our goal of 50%

Build vibrant communities through partnerships, philanthropy, economic development, and employee volunteerism

Invest 2% global pre-tax earnings to advance social and

Donated across 70 countries this year $115.5 million
environmental impact priorities and support local communities8

8
Based on global, consolidated pre-tax earnings over a three-year trailing average.
13 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Climate As our climate continues to change, it’s becoming

increasingly clear that our food system needs to
change along with it. From our place at the heart
of the agricultural supply chain, Cargill is uniquely
positioned to lead the transformation of our food and
agriculture system to address the challenge.
14 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our approach
Cargill’s commitment to climate action spans our entire
business and focuses on feeding a growing global
population more sustainably.
Climate change presents both immediate and long-term risk to the vitality of our food
system. More frequent and severe weather events, changing growing seasons, and
declining soil health all threaten the ability of farmers to nourish the world.

Our approach to climate action focuses on empowering farmers through mitigation and
adaptation. We are committed to helping them produce more food, more sustainably,
to adequately feed a growing global population. Our efforts also encompass the other
steps in the journey from farm to fork, including how we process and move food and
other vital goods around the world with a lower carbon footprint.

Cargill takes a holistic approach to addressing climate change that includes four Our work contributes to the following SDGs:
strategic areas:

Reducing emissions and Innovating new products Scaling new markets Supporting climate policy
sequestering carbon and solutions and collaboration
We are taking action across our operations We are collaborating with customers and We continue to invest in emerging We promote decarbonization in agriculture,
and supply chains to reduce our Scope 1, suppliers to better enable them to meet their markets that help to decarbonize food, manufacturing, fuel, and energy sourcing,
2, and 3 greenhouse gas (GHG) emissions GHG emissions reduction goals through the agriculture, and other sectors. We are and advocate for public policies that align
against the measurable and time-bound, development of products created from more providing more farmers with access with our strategies. We support the Paris
science-based targets detailed in this sustainable raw materials. We are advancing to environmental markets through the Climate Agreement and government
report9. This includes steps to scale our capabilities by, for example, building expansion of Cargill RegenConnect® (see actions to address climate change. We
regenerative agriculture in our supply out our Life Cycle Assessment (LCA) Land and Water). We’re also growing the actively engage in several pre-competitive
chains, implement process efficiency and competencies and developing a carbon market for renewable fuels and nature- initiatives to reduce emissions across
technologies in our facilities, expand the use footprint screening tool for the research and derived chemistries used for a wide supply chains, such as the Midwest Row
of renewable energy projects at our plants, development of our alternative range of applications, such as increased Crop Collaborative (MRCC), MIT Climate
and decarbonize our ocean transportation protein products. recycled asphalt content for roads and Consortium, and the Global Maritime
business. the replacement of petrochemical-derived Forum’s Decarbonization
ingredients in personal care products. Task Force.

Cargill conducts an annual assessment of our climate-related risks across our global operations, as well as upstream and downstream value chains, from a medium- and long-term
perspective. This assessment is detailed in our 2023 CDP Climate Response  and aligned to our TCFD Disclosure, which is included in the Appendix section of this report.
9
Scope 1 and Scope 2 refer to GHG emissions from our direct operations and from energy purchased from the grid, respectively. Our Scope 3 emissions include the footprint of all agriculture commodities we source from farmers, emissions related to the transportation of
commodities and products, and emissions related to the use of the products we sell.
15 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Scope 1 and 2
Our operations and energy purchases Adopting green electricity in Indonesia
Cargill prioritizes efforts to reduce emissions across Over the last year, Cargill has made strides in our efforts Company-wide, the renewable electricity
our global operations, including facilities that have the to source additional renewable energy. As one example, consumed in our operations reduced our
most impact on our Scope 1 and 2 emissions. Scope we have partnered with PLN, the Indonesian government- annual CO2e emissions by approximately
1 and Scope 2 refer to GHG emissions from our direct owned electric utility company, to supply bundled energy
300,000 metric tons in calendar year 2022.
operations and from energy purchased from the grid, and Tradable Instruments for Global Renewables (TIGRs),
respectively. Our Scope 1 and 2 target was set and which are energy attribute certificates obtained from
approved by the Science Based Targets initiative (SBTi) in renewable resources like wind, solar, geothermal, and
2019 against a 2017 baseline. hydropower. In 2022, Cargill purchased more than 70,000
megawatt hours (MWh) of clean electricity from PLN,
This year, we exceeded our goal to reduce our absolute supporting seven of our sites in Indonesia. This resulted in
operational GHG emissions 10% by 2025, reducing a reduction of more than 50,000 metric tons of CO2e.
emissions from our operations by 10.97% as of calendar
year 2022 against our 2017 baseline. We attribute this The renewable energy project in Indonesia is one of
accelerated milestone to the systematic implementation 15 Cargill projects online in 12 countries. This was
of process efficiency and technologies at our facilities, as accomplished primarily through the procurement of Power This is the equivalent of removing more than
well as the increased consumption of renewable energy Purchase Agreements (PPAs) for wind and solar. Cargill 67,000 cars from the road for one year.
at our plants. While we are proud of this achievement, has also executed four additional contracts for offtake from
we also acknowledge the opportunity for continuous projects that will come online in the next two years. Once
improvement to ensure that we maintain our progress these projects are fully operational in 2024, we expect
Transitioning to moist feed
alongside future business growth. Cargill’s renewable electricity mix will reduce our CO2e
emissions by more than 715,000 metric tons per year. In the United States, Cargill’s corn wet mills have been
selling moist feed derived from corn processing for years,
Target and progress providing valuable nutrition to cattle while eliminating the
need for drying. A similar process change is being made in
Reduce absolute operational GHG emissions 10% by 202510 Europe, where we are exploring the production of fiber-
Emission reduction progress11 rich feed from wheat processing for cattle. A thorough
Calendar year
2.31% assessment has considered nutritional value, drying costs,
2019
product value, and site-specific GHG emissions. Our
Calendar year
2020 3.97% site in Wroclaw, Poland, for instance, has discontinued
Calendar year feed drying, resulting in annual savings of 7,000 metric
2021 5.52% tons of CO2e. We are now assessing the feasibility of
Calendar year implementing this approach in other wheat processing
2022 10.97%
sites. Additionally, our site in Songyuan, China, has recently
adopted the production of moist feed, reducing emissions
2.5% 5% 7.5% 10%
Goal by approximately 7,000 metric tons of CO2e annually.
Against fiscal year 2017 baseline.
2025
10

11
Refer to our CDP Climate Response  for more information.
16 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Scope 3 Helping seafood farmers chart a path

to a low-carbon future
Seafood is an important source of protein; however, the

Our supply chains feed used in aquaculture can be relatively carbon intensive.
Cargill’s SeaFurther™ Sustainability  initiative aims
With agriculture, food, and transportation accounting for to bring together customers and suppliers worldwide to
nearly one-third of total global emissions,12 we believe produce sustainable seafood and minimize its impact.
our greatest opportunity for emissions reductions lies With a goal to reduce the carbon footprint of customers’
within our global supply chains. Our Scope 3 emissions farmed seafood by 30% by 2030, we provide tailored
include the footprint of all agriculture commodities guidance that supports farmers’ businesses while enabling
we source from farmers, emissions related to the a reduction in their emissions.
transportation of commodities and products, and
emissions related to the use of the products we sell. This year, we conducted a pilot project to focus on
regenerative agriculture methods across eight farms in
With an SBTi-approved goal of reducing our global the United Kingdom, representing 1,500 hectares for
supply chain emissions 30% by 2030,13 measured per the cultivation of wheat and rapeseed. Both wheat and
ton of product, we are investing in products, services, rapeseed are key ingredients in salmon feed. This resulted
and programs that are scalable and measurable. As a in a reduction of 1,000 tons of CO2e. This pilot has helped
partner to farmers and customers, we collaborate to find our customers understand the potential of regenerative
workable solutions that meet our respective business agriculture to reduce the carbon footprint of their fish feed.
objectives, such as increased productivity and meeting We are now working to scale up the initiative, reaching
emissions reductions targets. We prioritize our efforts additional farmers in the U.K. and expanding to France
in supply chains that have the greatest impact and for the 2024 crop with the goal of reducing emissions by
opportunity for change, including animal protein, row crop 10,000 metric tons CO2e. This will enable us to support
farming, aquaculture feed, and ocean transportation. more customers in their emissions reduction goals.

We are also working to help advance the industry’s

progression of standardized metrics such as land-related
“ SeaFurther has helped us trace and certify
emissions. Cargill has advised on the development our feed sources with more accuracy for
of both SBTi’s Forest, Land and Agriculture (FLAG) better reporting; the program has assessed
protocol and the GHG Protocol Land Sector & Removals our sites and identified hot spots where we
Guidance. For the latter, Cargill participated as an can reduce emissions relatively easily and
Advisory Committee Member for two years, including as helped bring in strategy to do this; and
a pilot test company to provide feedback on the draft it has connected us to more localized and
protocol. Once the final guidance is published in 2024, regenerative agricultural sources to further
we will work to incorporate land-related emissions in our improve our long-term efficiency.”
Scope 3 footprint.
Cate Cannon
12
Intergovernmental Panel on Climate Change (IPCC)  Sustainability Manager, Kames Fish Farming Ltd, Scotland
13
As outlined in this report, we have reduced total Scope 3 emissions by 0.43M metric
tons of CO2e from a fiscal year 2017 baseline. We will report a percent reduction against
baseline once we complete our full Scope 3 inventory.
17 Cargill ESG Report 2023 Overview Strategy
Strategy Climate Land and Water People
People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our vision is to make regenerative agriculture

commonplace across our global supply chains, helping
farmers produce food more sustainably while increasing
Spotlight
their profitability and resiliency.
Scaling up
Soil has the potential to be a natural solution to climate
change. Regenerative agriculture is a way of farming that regenerative
disturbs the soil as little as possible, providing myriad
positive environmental outcomes. Practices include planting agriculture
cover crops during the winter, reduced or no-till planting,
rotational grazing, and agroforestry. For most farmers,
adopting regenerative agriculture practices can mean major
changes to their operations, which can pose significant
financial risks. For that reason, we’re partnering closely
with farmers to support an economically viable transition to
regenerative agriculture that will enable lower-carbon food,
fuel, fiber, and feed.

We have identified the following on-farm benefits of

regenerative agriculture:
• Enabling carbon sequestration in the soil, which is a
natural climate solution
• Building up healthy soils, which increases resiliency
and biodiversity
• Using inputs and resources more efficiently, which
improves productivity
• Improving water quality and use through better soil
health and more efficient irrigation technology
• Optimizing fertilizer use, which often reduces costs,
improves water quality, and reduces GHG emissions

“The cover crop from Cargill’s regenerative agriculture program

helps hold moisture in the ground, so we don’t have to use as
much water. The crops look better, and the corn is holding
longer than if we would have worked the ground.”

Steven Flaig See Land and Water to learn more about This work cuts across our focus areas contributing to:
Owner of Bobridge Farms in Montezuma, Indiana,
our approach to scaling up regenerative
U.S. and Cargill RegenConnect® participant agriculture across our supply chains.
 18 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Moving food sustainably

around the world
While our climate action starts at the farm, it continues throughout the
supply chain, including decarbonizing a global transportation network
that moves food by ship, truck, and rail. Through these efforts, we’re also
accelerating the shift to lower-carbon energy sources that can fuel the
transportation industry.

Charting a course toward zero-carbon ocean “ We have a responsibility to pioneer decarbonizing solutions across our supply chains to meet
transportation our customers’ needs and the needs of the planet. A technology like WindWings17 doesn’t come
without risk, and as an industry leader – in partnership with BAR Technologies and shipowner
Most food miles take place on water14, which is why Cargill is working Mitsubishi Corporation – we are not afraid to invest, take those risks, and be transparent with
to make zero-carbon shipping a reality. Decarbonizing the shipping our learnings to help our partners in maritime transition to a more sustainable future.”
industry will span decades, but we are taking action now through various
Jan Dieleman
solutions that are available today, such as wind-assisted propulsion
President, Cargill Ocean Transportation and Chair of the Global Maritime Forum
technology, biofuels, and energy saving devices.

Since 2021, Cargill has been offering FAME (fatty acid methyl ester)
biofuel to ships traveling between Singapore and the ports of Rotterdam
Accelerating the transition to cleaner, The facility is one of the
renewable fuel largest biodiesel plants in
and Amsterdam in the Netherlands, one of the world’s most densely
Europe and will
used shipping routes. Combined with other fuel-saving measures, Nearly one-fifth of all carbon emissions in the food system
biodiesel can help ships lower their carbon emissions by more than are from transportation.16 Lowering the carbon footprint of
20%. Cargill has the end-to-end structure in place to supply FAME agricultural supply chains requires alternative, cleaner fuel
biofuel and it can be used without any further investment. It’s a solution “ for trucking, ocean-freight, and on-farm machinery.
sources Convert liquid waste
that is ready for use right now. Renewable fuels offer an opportunity to decarbonize not
only the movement of food, fiber, and feed, but the broader
This year, Cargill teamed up with Mitsui & Co. to order two dual-fuel, transportation sector. Cargill provides customers with
methanol-powered Kamsarmax bulk carriers, which was followed by a a range of feedstocks to support renewable and more
similar alliance with J. Lauritzen for three ships. Set for delivery beginning Into 120,000 metric tons of advanced
sustainable energy sources, including biomass-based biodiesel each year to support the
in 2025 or 2026, these vessels will be the world’s first methanol-fueled biodiesel, renewable diesel, and waste-based solutions. decarbonization of
bulk carriers to enter commercial service and will help customers
advance their Scope 3 climate goals. It’s also the first step on the journey This year, we announced the completion of our first
to our goal of 5% zero-carbon ships on the oceans by 203015. state-of-the-art biodiesel plant  in Ghent, Belgium. The
plant, one of Europe’s largest, employs industry-leading
14 Data analyzed from study published in the journal Science . Trucking Ocean freight
technology to convert all types of liquid waste oils and
15 See Cargill Ocean Transportation Decarbonization Report 2022  for more information
16 Study published in the journal Nature Food 
.
fats, including used cooking oils, into advanced biodiesel
That’s enough to reduce transportation
17 WindWings were designed by Cargill and BAR Technologies, produced by Yara Marine Technologies, and installed to support the maritime and trucking sectors in their emissions by an estimated 418,000 metric tons,
on Mitsubishi’s Corporate Pyxis Ocean at the COSCO shipyard in Shanghai, China. The WindWings project is part
decarbonization efforts. which is equivalent to removing roughly 90,000
of a project that has received funding from the European Union’s Horizon 2020 research and innovation program cars from the road for a year.
under grant agreement No 955286.
19 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Land Protecting our planet’s natural resources, including

land and water, enables food and agricultural

and Water production to remain resilient in the face of climate

change and resource scarcity. Cargill is working
across its global supply chains to drive systemic
change across the industry to make agricultural
production more sustainable and resilient.
20 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our approach: Land

Cargill takes a holistic approach to sustainable land use to
create lasting and impactful change for the people and places
that grow our world’s food.

A holistic approach means that we must respond to the macro challenges of food security,
climate change, resource depletion, and biodiversity loss while also addressing the needs of
individual farmers and the natural ecosystems that are home to farming communities.

We focus our efforts on helping farmers transition to more sustainable farming practices
because improving their productivity and resiliency is key to scalable impact across our
supply chains. We also serve as a farmer advocate and connector to our customers,
industry groups, NGOs, and governments, and as a collaborator as we work to advance
sustainable land use. For example, our Land Use and Forest Sustainability Advisory
Panel  helps accelerate progress toward our forest protection commitments across priority
supply chains and provides formal input from key global partners and NGOs.
Our work contributes to the following SDGs:

These partnerships span across:

Protect Regenerate Restore Innovate

We partner with farmers to protect forests We promote regenerative agriculture We restore degraded land and prioritize We scale innovative solutions, often in
and other important ecosystems. practices to mitigate climate change and enhanced biodiversity and ecosystem alliances with key partners, to make
protect our water resources in ways that are services. agriculture more sustainable and
beneficial to farmers. productive.
21 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Protect
There are real and urgent threats facing the global food system. Numerous forces are currently straining the system, including geopolitical conflict, extreme weather, and swelling
demand, among others. As a result, people are struggling to meet their basic needs around the globe, and an estimated 735 million people go to bed hungry every day.18

Leveraging the problem-solving power of agriculture to preserve critical ecosystems, Cargill is driving action-oriented, lasting solutions that protect landscapes that nourish people,
animals, and the planet. Our efforts include assisting farmers in mitigating deforestation risks, increasing transparency through supply chain traceability, collaborating across
industries, and advancing corporate and government policies.

Addressing forest loss with a collaborative roadmap Cargill’s forest commitments and policy
At COP27 in Sharm-el-Sheik, Egypt, Cargill joined 13 other leading companies in the In 2014, at the United Nations (UN) Climate Summit, Cargill endorsed The New York
agriculture sector in establishing a shared roadmap for reducing emissions from land-use Declaration on Forests by announcing our goal to eliminate deforestation across our
change. The Agriculture Sector Roadmap to 1.5°C  was facilitated through a process agricultural supply chain by 2030. Our Policy on Forests  lays out our approach for
led by the Tropical Forest Alliance, hosted by the World Economic Forum, with support from achieving this target globally. We have been making progress and are accelerating our efforts.
the World Business Council for Sustainable Development. The roadmap aims to accelerate In November 2022, as a signatory of the Agriculture Sector Roadmap to 1.5°C, we committed
zero-deforestation action within the agricultural commodity sector by aligning with global to eliminating deforestation in our soy supply chain in the Amazon, Cerrado, and Gran Chaco
climate goals and the need for food security, economic development, and farmer livelihoods. biomes by 2025. This milestone is critical to achieving a deforestation- and conversion-free
Specific areas of focus in the roadmap include supporting smallholder farmers in the palm supply chain in South American soy by 2030. Our progress in our soy supply chain, as well as
oil sector, and protecting native forests, particularly in the soy sector. Cargill is now working our other priority supply chains, such as cocoa and palm, can be viewed in the Sustainable
to implement actions described in the roadmap to meet our targets. Supply Chains section of this report.

18
United Nations Food and Agriculture Organization (FAO) 
22 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Putting farmers at the center Improving visibility in cocoa regions Protecting forests and people in
We continue to use the collective action of the Soft Increasing supply chain visibility and traceability is critical in Indonesia’s palm oil regions
Commodities Forum (SCF) to drive sector transformation, helping us better protect forests and monitor for potential Many of the challenges in the palm oil supply chain, such
including putting the farmer at the center of this effort deforestation, and we are making progress across our soy, as deforestation and human rights concerns, are not
through the SCF’s Farmer First Clusters initiative. Launched palm, and cocoa supply chains. For example, in our cocoa specific to a single supplier or to the palm oil sector alone.
in late 2022, Farmer First Clusters focus on the four states supply chain, we are using Global Positioning System To tackle issues that are common within a region and
of Brazil’s Matopiba region, employing a tailored mix of (GPS) polygon mapping as a way to gather data of a farm’s across commodities, Cargill is collaborating with a variety
solutions in different landscapes to address deforestation perimeter accurately and rapidly, particularly in remote of stakeholders through interventions at the landscape
and encourage alternative mechanisms for conservation. rural environments. This helps us understand where a farm level. We’re also working to increase traceability to minimize
Cargill has committed more than $1.3 million over three operates and under what conditions, like proximity to a deforestation risks.
years to the initiative, as part of our far-reaching efforts to protected area or within a forest. However, using GPS to
provide farmers with viable economic alternatives to land map the polygon farm boundaries of smallholder cocoa In Indonesia’s Riau province, we are implementing a
conversion. See Sustainable Supply Chains: Soy for more farmers is not an easy task. Farms can be spread out and landscape program alongside seven other companies
details on the project and the actions we are taking. they can change dynamically over time, and weather can and the Consortium of Resource Experts (CORE), which
have a negative influence on local road conditions and GPS is supported by two independent consulting companies,
signals. Daemeter and Proforest. With a focus on the Siak and
“ To protect forests and other important Pelalawan districts, the program, which launched in 2018,
ecosystems, while addressing food security, Through Cargill’s partnership with Farmforce and Koltiva, aims to protect forests, improve smallholder livelihoods,
we must have a range of systemic solutions – we’re overcoming those hurdles and deepening our reinforce labor and land rights, and pursue sustainable
from nature-based to digital technology – all visibility into critical cocoa-producing regions, such as Côte palm oil production through collaboration and supporting
predicated on the need to collaborate closely d’Ivoire, Indonesia, and Cameroon. When coupled with district government in implementing their policies and
with farmers and our customers to grow our other farm-level insights, GPS mapping can help us attain a plans. Farmers from more than 28 villages participate in
food in a more sustainable way.” comprehensive picture of farm-level needs and challenges. the program, representing more than 150,000 hectares of
We can then offer bespoke support to improve productivity land. Within these districts, we have conducted traceability
Leticia Kawanami through targeted farm development plans, training, and assessment to village level, which enables us to assess
Sustainability Director - South America, Cargill Agricultural other inputs. To date, we have mapped 72% of all farmers high risk villages, inform buyers about high risk mills, and
Supply Chain participating in the Cargill Cocoa Promise program. See intervene where action is needed across the landscape. See
Sustainable Supply Chains: Cocoa & Chocolate to learn Sustainable Supply Chains: Palm Oil to learn more about
more about the actions we are taking. progress and achievements from this year.
23 Cargill ESG Report 2023 Overview Strategy
Strategy Climate
Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Brazil is home to some of South America’s most

ecologically significant areas and plays a critical role
Spotlight
in producing agricultural commodities like soy that
feed approximately 10% of the global population.19 Creating a
This role will only continue to expand with global
population growth. sustainable
Cargill is committed to working with farmers and other
path forward
partners to protect and restore farmland in Brazil in Brazil
while creating a more sustainable pathway for market
development. We believe that’s possible by doing our
best to connect growers, governments, and industry
in a joint quest to optimize food production in Brazil.

We’re implementing pragmatic solutions that make

conservation—above and beyond the law—more
economically attractive. For example, through the Land
Innovation Fund for Sustainable Livelihoods (LIF)* ,
we are working alongside the agribusiness start-up
ecosystem, the academic sector, and soy farmers
on the development and implementation of innovative
and economically viable options for farmers to
protect undistributed lands.

We’re confident that agricultural production in Brazil

can continue to flourish in a sustainable way, helping to
conserve vital ecosystems while supporting farmer
livelihoods and the production of food the world needs.

19
Embrapa, Brazil’s government agency for agricultural research 

“Farming and forests can and must coexist. Through farmer

engagement, the right incentives, and policy drivers,
we believe that is possible in Brazil and other places that
deliver the food the world needs to thrive.”

This work cuts across our focus areas contributing to:

Paulo Sousa
South America Group Lead,
Cargill Agricultural Supply Chain (CASC)
24 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Regenerate
Regenerative agriculture practices have the power to reduce greenhouse gas (GHG) emissions, sequester carbon in the soil, improve water quality and use, increase productivity,
and build up healthy soil for the next generation. Yet, every farm is unique and in a different place when it comes to the adoption of regenerative agriculture. That’s why we partner
with farmers and support them in adopting practices that will work best for their specific location, crops, and business model. We provide farmers with a portfolio of options that
deliver foundational economic and environmental benefits to their operations.

Our vision is to make regenerative agriculture commonplace across Cargill’s global supply chains, helping farmers produce food more sustainably while increasing their
productivity and resiliency. We’re working to scale the adoption of regenerative agriculture by supporting farmers and ranchers throughout these transitions.

Regenerating 10 million acres in North America Expanding farmer access to the growing environmental
In 2020, we announced a commitment to advance regenerative agriculture practices marketplace
across 10 million acres of North American agricultural land by 2030. These practices We continue to make progress on scaling up regenerative agriculture through programs like
include planting cover crops, reducing tillage, rotational grazing, and optimizing nutrient Cargill RegenConnect®, which connects farmers to the growing environmental marketplace
management. by paying them for improved soil health and positive environmental outcomes. In 2023, we
Progress toward our commitment expanded the program in the United States from 15 to 24 states, providing farmers with
payments per metric ton of carbon sequestered per acre. The program now covers more
Calendar year
158,000 commodities, including cotton, and provides improved ease and access to enrollment via
2022 Acres
mobile devices. We also announced the expansion of Cargill RegenConnect® in Europe
Calendar year
880,000 for eligible farmers in Germany, Poland, Romania, and France – building on two years of
2023 Acres
10 million acres success in North America. Cargill will offer market-competitive pricing based on each metric
Commitment ton of carbon sequestered per hectare for primary crops in Cargill’s supply chains, including
2030 rapeseed, wheat, corn, barley, and sunflower. In recognition of its innovative approach
to creating a more resilient and secure food system, Cargill RegenConnect® received a
prestigious 2023 Edison Award™.
25 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Investing in sustainability research in Reducing canola emissions in Bringing agroforestry benefits to

Brazil’s Cerrado biome Australia cocoa-growing regions in West Africa
Cargill is investing approximately $1 million through the In New South Wales, Australia, Cargill has partnered with Agroforestry practices that intentionally integrate trees and
Regenera Cerrado project to sponsor a broad environmental Nutrien Ag Solutions on a pilot project focused on reducing shrubs with pasture or cropland can help sequester carbon,
study that includes more than 30 scientists researching emissions in the canola supply chain by capitalizing on and provide myriad other benefits, such as enhanced
the benefits of adopting regenerative agriculture in the market demands for sustainable commodities. The trial biodiversity and improved water quality. In West Africa’s
Cerrado biome. The study partners include Embrapa, involves 14 growers, representing approximately 870 cocoa-growing regions, we’re working with PUR on an
Brazil’s government agency for agricultural research; hectares of canola, who are exploring opportunities agroforestry program that helps restore and preserve forests
Federal Institute of Goias (IF Goiano); Federal University of for short-term market premiums and long-term access by funding the cost of seedlings and providing growers with
Lavras (UFLA); leading think tank Instituto Forum do Futuro; solutions. Cargill and Nutrien are working with growers to on-the-ground expertise. Over the last year, across Côte
operational execution by Institute BioSistêmico complete an emissions baseline, followed by a customized d’Ivoire and Ghana, Cargill’s collaboration with partners such
(IBS); and various universities. The three-year study plan using different sustainable products and implementing as PUR has enabled the planting of more than 1.4 million
launched in October 2022 and will generate scientific data regenerative agriculture practices. The pilot is targeting a multi-purpose trees on cocoa farms and involved more than
on the benefits of regenerative agriculture that will help 20% to 25% reduction in emissions associated with nitrogen 16,000 new farmers implementing cocoa-agroforestry.
enable farmers, companies, and civil society institutions to fertilizer.
make science-based decisions that will benefit both farmers
and the environment. See Sustainable Supply Chains: Soy
for more details.

“ Regenerative agriculture can be applied across geography and farm size, which helps us scale farmer adoption in our global supply chains. Enabling this
transition can help feed a growing population, improve farmer productivity, and have positive environmental outcomes – a triple win.”

Ashley McKeon
Director, Regenerative Agriculture, Cargill
26 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Restore
In addition to protecting land against deforestation and creating more sustainable farms through regenerative agriculture, restoring degraded land and native ecosystems is
important to maintain productive agricultural landscapes. Cargill invests in restoration initiatives that focus on key biomes like Brazil’s Cerrado, which is also an important point of
origin in the global soy supply chain.

Critically, these restoration efforts take place at a landscape scale, whereby we engage farming communities and a wide range of stakeholders, including local governments
and NGOs, to design and implement programs that will succeed in the long term. These initiatives include working with growers to reintroduce native vegetation, recover water
resources, and reforest altered areas.

Restoring key Restoring degraded land in the

Tijuco River watershed
Expanding the market for
sustainable cocoa in Mato
Partnering with Ambev on
ecological restoration
Brazilian biomes Grasso
through farmer We are working with producers in the
Tijuco River watershed in the state of Cocoa trees, native to the Amazon, help
This year, Cargill and Ambev – the Brazilian
division of beverage company Anheuser-
and partner Minas Gerais to recover degraded pastures maintain soil moisture, prevent erosion, Busch INBev – initiated a partnership that

collaboration and Permanent Preservation Areas within

their farms. The Tijuco River Basin has
and sequester carbon – making them
particularly well suited for land-restoration
advances the implementation of ecological
restoration of native vegetation and the
In 2022, Cargill committed to restore 100,000 areas in a high state of degradation, but efforts. To expand agroforestry practices in conservation of natural resources in Brazil.
hectares of altered land in Brazil over the producers were hindered from carrying out the Brazilian state of Mato Grosso, Cargill A key focus of this work is on ensuring
course of five years through our Protect and interventions because of low investment is providing $6.4 million in financing to these areas have clean water, which is
Restore initiative. We currently have more capacity, difficulty accessing rural restore 1,000 hectares of degraded forest a critical resource and priority area for
than 30 projects underway, with a pathway credit, and the lack of specific technical in this 3-year project. With this financing, Ambev as a beverage company. Cargill
to restore more than 14,000 hectares in knowledge. Through the project, Cargill our partner, Belterra, will help small- and Ambev are collaborating and co-
key biomes. The initiatives are focused on is providing 200 rural producers with and medium-sized farmers implement investing resources to restore areas that
protected lands (i.e., Legal Reserves and qualified technical assistance, professional agroforestry systems and plant nearly 1 will help improve local water quality. Our
Permanent Preservation Areas) in private training to improve farm management, million seedlings – including cocoa and goal is to restore 300 hectares over the
properties and on strengthening and and technological solutions to improve other native trees. Cargill has agreed to next three years.
structuring local restoration value chains the quality of pastures and restored purchase the cocoa produced by the
within communities. The projects, such areas. Ultimately, the initiative is expected participating farms, helping to provide
as those highlighted here, are tailored to to recover around 3,000 hectares of greater economic security and improve
meet both the needs of producers and degraded pastures and nearly 1,500 farmer livelihoods.
environmental objectives. hectares of protected land.

“ This is a very strategic partnership for Ambev. We are joining efforts in Brazil to restore and conserve local watersheds, helping to advance water security in
high-risk areas – an issue in which we have been working for more than a decade. By joining forces with Cargill, we are able to amplify our impact together.”

Caio Ramos
Head of Sustainability, Ambev
27 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Innovate
Cargill invests in innovative solutions that advance sustainable land use across our global supply chains. These include technologies that optimize supply chain visibility
through digital platforms that connect farmers and customers around the world, which help to promote sustainable agriculture practices, responsible sourcing, and mitigation of
deforestation risks.

In addition to developing and deploying these platforms, our approach includes investing in smart ideas and emerging technologies from entrepreneurs and start-ups. We pilot
and accelerate these solutions with the expectation that some may have the potential to become enterprise-wide platforms that can be scaled and tailored across multiple supply
chains and geographies. In evaluating these innovations – and helping to bring them to market – we prioritize and optimize technologies that are practical and beneficial to farmers,
customers, and other partners in the supply chain.

Investing in digital traceability solutions

Through Cargill’s new partnership with Satelligence, we are enhancing our

monitoring capabilities to identify deforestation risks in our soy, palm oil, and
cocoa supply chains. Satelligence will provide Cargill with near-real-time,
satellite-powered deforestation risk monitoring. Satelligence’s solutions use
open-source, science-based methodologies, certified by Ernst & Young.

A sustainable tool to ensure market access

The Visión Sectorial del Gran Chaco Argentino (ViSeC) is a multistakeholder effort to
protect native vegetation in the Chaco biome. To help Argentine farmers demonstrate
“ In addition to our monitoring work
that their soy does not come from recently deforested areas, the Land Innovation
with partners like Satelligence, we
Fund (LIF) provided support and helped convene ViSeC; CIARA, Argentina’s industry
are also accelerating our efforts and
association for edible oils; the Peterson Control Union; and the Rosario Stock Exchange
investment with new programs
to design a new digital traceability platform, with contributions from multiple actors.
that will protect and restore
This georeferencing platform is currently entering a proof-of-concept phase, with plans
essential landscapes while providing
to scale it for broad adoption by 2024. Crucially, this platform will provide traceability so meaningful pathways for farmers to
that Argentine farmers can ensure their soy is compliant with both national legislation advance their livelihoods.”
and new deforestation regulations in the European Union. It will keep their soy eligible
Matt Wood
for export to this key market and help strengthen the linkage between sustainable Global Impact Data Analytics and Technology
practices and economic incentives. See Sustainable Supply Chains: Soy for more Lead, Cargill
details on the project and the actions we are taking.
28 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Protecting biodiversity
Biodiversity provides important services that support our
global food system, such as pollination and pest control.
Cargill focuses on interventions that aim to safeguard
species threatened with extinction, as well as conserve
natural environments that sustain a larger ecosystem
of native animals and plants. We work with leading
conservation organizations and other partners to support
programs that span geographies and key supply chains,
such as palm oil, beef, and aqua nutrition. Photo credit: Earthworm Foundation

Restoring forest ecosystems in Malaysia The landscape program also covers a pilot program Bringing back declining wildlife populations
on Human Elephant Co-existence (HEC). Supported in Canada
The Southern Central Forest Spine (SCFS) in peninsular by the Malaysian Palm Oil Board (MPOB) and funded
Malaysia contains critical wildlife corridors that support by Malaysian Palm Oil Green Conservation Foundation Beef farmers and ranchers in Canada play an important
populations of endangered species, such as the Asian (MPOGCF), the pilot aims to empower smallholders to role in providing quality food, but few people know they
elephant, Malayan tiger, and sun bear. However, a gradual adopt practices that encourage wildlife conservation, also play an essential role in protecting the country’s land,
decrease in the forest cover over several decades has promote community safety, and reduce crop damages water, and wildlife. Through our BeefUp SustainabilityTM
disrupted the forest ecosystem, broken links between from wildlife visitations. EF is focused on encouraging initiative, in 2021, Cargill announced a $4.5 million
forest fragments, and increased conflicts between a mindset shift amongst smallholders in the landscape program with Ducks Unlimited Canada (DUC) and
humans and wildlife, especially elephants. towards accepting interactions with wildlife, such as the McDonald’s Canada to support rancher-led work. By
Asian elephant. providing discounted seed and expert technical advice,
Given the role of SCFS as a sourcing region for participating farmers and ranchers are incentivized to
products and commodities that are essential for many
In its first year, the program restore previously cultivated land to grass and forage,
companies – such as palm oil – Cargill has worked with covered an area of 1,500 hectares thus creating more sustainable habitats for wildlife.
nonprofit Earthworm Foundation (EF) since 2021 to of agricultural land that borders
create a sustainable landscape model in the area. This The program is supporting more than 200 farmers across
model includes forest conservation initiatives as well
forest areas inhabited by the three Canadian provinces: Manitoba, Saskatchewan, and
as engagement with more than 200 farmers, providing elephants – with the expectation Alberta. With more than 26,000 acres enrolled this year,
awareness and training on sustainability issues and that coverage areas will be the program is on track to meet a five-year, 125,000-
good agriculture practices such as nutrient optimization acre target. With a focus on threatened biodiversity
techniques that minimize fertilizer and waste run-off.
expanded in the future. hotspots, the program is helping bring back declining
populations of grassland birds as well as many species of
waterfowl. Using estimated nest density (nests per acre)
measurement, the program has supported the successful
establishment of more than 100,000 duck, grassland, and
shorebird nests.
29 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our approach: Our commitment and progress

Our water goal and targets were set in fiscal year 2021 following a data-driven, risk-

Water
based approach developed in close partnership  with World Resources Institute (WRI).
Our key progress this year against our global water ambition and targets follows:

Our global ambition: Enable a water positive impact across our operations,
Cargill takes a local, context-based approach to water supply chains, and communities by 2030.20
stewardship that prioritizes action where it’s needed most.
Targets Progress
Clean water is essential for people and agriculture. Developing solutions that drive climate
resiliency and adaptation relies on the need for smart water solutions that support soil
health, preserve biodiversity, and protect watersheds across the food system. Operations: Implement water stewardship practices 78%
at all priority facilities by 2025
The global water crisis is complex, impacting communities around the world in varying
ways at varying times. With no one-size-fits-all solution to preserving and protecting this Supply Chain: Enable the restoration of 600 billion 9.2 billion liters
vital resource, Cargill has taken a local, context-based approach to water stewardship – an liters of water in water-stressed regions by 2030
industry-leading strategy we implemented in 2020 that prioritizes action where it’s needed
most, based on the specific water challenges faced by the local community and our ability Supply Chain: Enable the reduction of 5,000 metric 129 metric tons of Nitrogen
to drive change. What makes our approach unique and particularly critical for the food and tons of pollutants21 in water-stressed regions by 2030 Equivalents (N-eq)
agriculture sector is that it goes well beyond our own operational footprint, extending to
the communities where we operate as well as where we can have the greatest impact: our Communities: Enable improved access to safe More than 108,000 people
agricultural supply chains. drinking water and sanitation, reaching 500,000
people in priority communities by 2030
As a proud signatory of the UN Global Compact’s CEO Water Mandate and a member of the
Water Resilience Coalition, we are working to share our key learnings and collaborate with
other business leaders to develop critical solutions. 20
We define a water positive impact as effectively improving watershed health by addressing the shared water challenges of availability,
quality, and access to safe drinking water, sanitation, and hygiene (WASH), using an approach that is informed by our footprint and the
severity of local water challenges.
Our work contributes to the following SDGs: 21
Our water quality target is expressed in metric tons of Nitrogen Equivalents (N-eq). This is equivalent to the wastewater pollutant load
of 1.4 million people, or the total amount of fertilizer applied to 75,000 acres of corn (based on United States Department of Agriculture
average data for corn).
30 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Water in our operations

We view water as a shared resource. That’s why we are committed to eliminating unsustainable water impact within our footprint and ensuring understanding, compliance, and
reporting of water use, impact, and risk at all Cargill facilities. We are also working to provide access to safe drinking water, sanitation, and hygiene for employees and contractors
at our facilities. Further, we require our 72 priority facilities22 to implement a set of sustainable water management and stewardship practices as part of our Water Stewardship
Program. These priority facilities account for more than 80% of our total operational water footprint and were identified based on water stress exposure and water usage. Through
the Water Stewardship program, Cargill has translated our approach to local water needs into guidance that empowers each priority facility to address water challenges and meet
targets that are relevant for their specific situation.

Optimizing water use in Belgium Enhancing water efficiency and monitoring in Thailand
Through the Water Stewardship Program, three facilities near water-stressed areas of In Thailand, where Cargill operates across six provinces, climate change is worsening
Belgium have developed and are testing innovative solutions to optimize and reduce local water challenges. To help conserve this important resource, the regional facilities
their water use. In Antwerp, the team worked with third-party water consultant Cre@ participating in the Water Stewardship Program have established a water management
Aqua to study process enhancements and technologies to increase the reliability of its framework to support water sufficiency for business operations and to minimize
wastewater treatment plant, resulting in reductions to the content of suspended solids in environmental impact on the local community caused by the manufacturing process. As
treated wastewater as well as reduced energy consumption at the wastewater plant. In part of this approach, Cargill employs a strategy to enhance water efficiency by reducing
Ghent, the team piloted a new technology with CEVAP Technology BV to reduce the water water loss and increasing operational efficiency, reusing untreated water in non-operations
volume needed to process difficult wastewater streams, such as from facilities that produce activities, and recycling water treated by various technologies inside and outside its
biodiesel from residue oil. And in Izegem, the team used continuous improvement tools to locations. This year, Cargill reduced an estimated 320,000 cubic meters of total freshwater
identify solutions for reducing water consumption and increasing onsite water reuse. The withdrawal at these facilities, which equates to a 7% year-over-year reduction in freshwater
Izegem team organized pilot tests with third-party water consultant Pantarein. withdrawal per ton of production. Of the total water usage at these facilities, 9.8% was
recycled water.

22
Please note that the number of priority facilities may change over time due to acquisitions,
divestitures, or major changes to our operations.
31 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Water in our supply chains Conserving North America’s

wetlands
On average, more than 70% of global fresh water use Scaling water impact through The U.S. has lost more than half of its original
is associated with agriculture.23 Through collective
regenerative agriculture wetlands,26 which help to safeguard water quality
action and engaging with our supply chains, we believe and filter and replenish underground water sources.
agriculture can also be part of the solution to improve As detailed in the Land and Climate sections of this report, With an additional 80,000 acres disappearing
water quality and availability for future generations, while regenerative agriculture provides multiple benefits for each year to development, climate change, and
supporting farmer livelihoods and community and climate farmers and the food system as a whole: from higher farm habitat loss,26 Cargill and Ducks Unlimited (DU)
resilience. Engagement across our supply chains is also productivity to carbon sequestration. Another important have come together this year to kick off a three-
where we believe we can make the greatest impact. benefit to incorporating regenerative agricultural practices is year, $1.5 million partnership to protect four critical
improved soil health and increased water-holding capacity in landscapes: the Ogallala Aquifer across the U.S.
those soils. Holding more water in the soil means that overall Great Plains; Lake Ontario in New York, U.S.;
Notably, our water restoration target soil moisture can increase, which helps during drought years the Upper Mississippi River in Iowa and Illinois,
of 600 billion liters is almost double as well as reduces the need to irrigate; this allows farmers to U.S; and the Canadian Prairies. While diverse
the amount of all water used in save on irrigation costs and makes them less dependent on in nature and geography, these landscapes are
Cargill’s global operations annually. scarce water resources. Increased water-holding capacity interconnected in unique ways for DU and Cargill,
It is also equivalent to the annual use also means that the soil can absorb more water when it such as bird migration routes and agricultural
of a city of approximately 11 million rains. As a result, nutrients captured in the root zone remain supply chains.
people, such as Paris.24 available to plants, instead of running off to nearby streams
and rivers. Through wetland and grassland restoration,
conservation, and enhancement projects in these
Within our supply chains, we work with farmers, ranchers, As part of our vision to make regenerative agriculture priority regions, our partnership aims to address
and other partners to develop and scale agricultural commonplace across our global supply chains, we’ve water challenges related to availability and quality,
solutions, such as regenerative agriculture, that improve taken steps to measure our water impact from regenerative increase sustainable agricultural production, and
soil health, water resiliency, and quality; and provide other agriculture programs. These results are included in our protect critical ecosystems. Combined with efforts
benefits like GHG emissions reduction. We complement supply chain water target progress, and it is our expectation from other project supporters, the collaboration
these efforts with programs and partnerships that protect that our efforts to scale up farmer adoption of regenerative will help 420 farmers through funding for improved
and restore grasslands and aquatic habitats in critical agriculture practices will play an even greater role in meeting agricultural practices, training in sustainable
geographies of our supply chains and through projects our global ambition to enable a water positive impact. agriculture practices, and increased income.
that support water quality improvements and protect Additionally, nearly 73,000 acres of land will be
biodiversity. monitored, restored, or protected - nearly 47,000
Collectively, this year, regenerative of which will be under sustainable management.
agriculture programs increased water Importantly, the partnership will also fund the
availability in our supply chains by restoration of more than 19 billion liters of water
23
Based on the WRI report Achieving Abundance: Understanding the Cost of a
Sustainable Water Future. approximately 3.4 billion liters and and a reduction of more than 500 metric tons of
24 improved water quality by reducing more water pollutants.
Eau de Paris.

25
Measured in metric tons of Nitrogen Equivalents (N-eq).
than 60 metric tons of pollutants.25
26
Ducks Unlimited.
32 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Water in our communities Key highlights from our

Globally, 2.2 billion people lack access to safe drinking Enhancing water access with partnership with GWC this year
water and 3.5 billion people lack access to sanitation.27
Cargill Currents include:
Driven by our belief that clean and safe water is a right
for all people, we are partnering with leading NGOs such In 2021, Cargill and Global Water Challenge (GWC) launched • Brazil: We launched an initiative focused on
as Global Water Challenge (GWC) and CARE to enable Cargill Currents, a three-year, $3 million initiative to provide improving access to safe, clean drinking water in
improved access to safe drinking water and sanitation for access to safe drinking water, sanitation, and enhanced five Brazilian states, which is expected to benefit
500,000 people in priority communities by 2030. water security in priority regions through programs and more than 20,000 people.
solutions tailored to the local community. In addition to
providing water access, the program builds community • West Africa (Cameroon, Côte d’Ivoire,
resilience, promotes economic development, supports Ghana): Nearly 48,000 people have benefited
farmer livelihoods, empowers women and youth, and from improved access to safe drinking water,
addresses climate impacts. sanitation, and hygiene (WASH) and other project
activities across 17 communities, 12 schools, and
four healthcare facilities. More than half of these
Two years after launching beneficiaries are women.

Cargill Currents, the • U.S.: We announced the launch of six new

partnerships with leading water stewardship
program is on track to organizations to improve watershed health
reach 150,000 people in and protection, promote sustainable water
management, and build community and climate
priority regions by the end resilience.

of calendar year 2024.

This is 30% of Cargill’s
2030 global community “ We celebrate our impactful partnership with
water target. Cargill and our collaborative approach as
connectors to bring together partners to drive
action at scale. Cargill is on an ambitious
2030 water stewardship journey, and we are
proud to be working alongside them to deliver
impact in communities around the world.”

Monica Ellis
CEO, GWC
Photo credit: World Vision

27
Based on the United Nations’ Sustainable Development Goals Report 2023 
33 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

People At the heart of our sustainability strategy are the

people who help nourish the world – our employees,
farmers, customers, and agricultural communities.
They are the reason behind our efforts to build a more
equitable, inclusive, and resilient food system – one
that creates income and opportunity for the people
who make it all possible.
34 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our approach
Cargill champions safety, equity, fairness, and opportunity – for
employees, farmers, and other key partners who help produce
and deliver food the world needs.

The people who power our global supply chains are the greatest asset we have in
addressing food insecurity, climate change, sustainable land use, and other priorities.
These include our more than 160,000 employees around the world, as well as the hundreds
of thousands of farmers and ranchers from whom we source agricultural commodities that
contribute to global food, feed, and fuel production.

Given the size and global reach of these populations, we’ve taken steps to operationalize
our People efforts systematically throughout our businesses. We continually evaluate and
optimize our programs and policies to respond to the evolving needs and expectations of
our employees, farmers, and customers.
Our work contributes to the following SDGs:

We focus our efforts on five critical areas:

Health and safety Diversity, equity, Training and Human rights Farmer livelihoods
and inclusion development
We are committed to protecting We are developing a diverse We encourage all employees We believe human rights are We partner with farmers and
our people, treating animals across workforce and driving a culture to further their careers through fundamental. We are committed ranchers to help their businesses
our supply chains with respect of inclusion within Cargill and the professional development and to respecting the human rights of and communities thrive for
and dignity, and ensuring our food communities we serve. we offer them the tools and Cargill employees and the people generations to come.
products meet rigorous safety and opportunities to do so. whose lives and livelihoods we
quality standards. touch.
35 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Health and safety

For Cargill, safety means protecting people and animals
from harm throughout our supply chains and ensuring our Workplace safety Cargill’s executive team, as well as business leaders across
the company, are held accountable to this safety metric
food products are safe to eat. This requires an unwavering and key safety performance indicators. These indicators are
commitment from leaders, employees, and partners to Our approach and progress reviewed monthly and quarterly at the corporate level and at
comply with all health and safety laws in addition to our various levels within our businesses to gauge performance
own strict programs and safety requirements, which often Our primary responsibility to our employees is their safety and identify opportunities for improvement.
go beyond the requirements of the law. We’re working to and wellbeing. Our goal, above all others, is to send
continuously improve our safety performance, establish everyone who works at Cargill home safely, every day. This Several years ago, we identified the 12 highest-risk activities
aggressive safety goals, and recognize our people for commitment to safety starts with Cargill’s executive team. across the company – such as rail car operations and
improving safety processes. performing electrical work – and designed a global program,
Our corporate Environment, Health, and Safety (EHS) called LIFEsavers, to address those risks. Each of the 12
function sets Cargill’s global health and safety policy and LIFEsavers identifies specific risks, along with necessary
management systems, which comply with all occupational processes, procedures, behaviors, and actions to help our
health and safety requirements. Our operating businesses, employees perform these activities safely.
in close partnership EHS and our Business Operations
and Supply Chain leadership, are responsible for the
implementation of an aligned EHS strategy and adherence
to its policies and procedures.

One way we measure our safety performance is through

our reportable injury frequency rate (RIFR).28

1.29 Reportable Injury Frequency Rate

(RIFR) in 2023.
Protecting rail-car workers with
We have made significant progress in addressing labor
remote-operated robots
challenges in a very demanding market; however, it’s likely
these pressures continued to impact our safety performance To increase the safety of our workers at our export port
of the past year. While our immediate focus is on serious terminal in Santos, Brazil, we leveraged remote-operated
injury and fatality prevention – where we’re seeing positive robots to move rail cars instead of traditional payloaders and
trends in our performance and safer ways of working – we tractors. This innovative approach has significantly mitigated
also work continuously to strengthen our overall safety the risks to workers from equipment movement and
programs to prevent all injuries. pedestrian contact. Additional benefits to using these robots
in place of diesel-operated equipment are the reduction
28
As defined by the U.S. Occupational Safety and Health Administration, the Reportable of greenhouse gas (GHG) emissions, as well as improved
Injury Frequency Rate (RIFR) measures total recordable injuries per 200,000 hours
worked. This metric at Cargill includes all injuries to both employees and contractors,
efficiencies through automation.
not just those that result in lost workdays.
36 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Improving electrical safety Promoting employee wellness

As part of Cargill’s commitment to prioritize safety and Cargill is committed to putting people first through
eliminate hazards associated with electrical work, we have our focus on employee wellness. We offer a wide
continued to implement a comprehensive and enhanced variety of flexible and inclusive programs – from
electrical safety policy throughout our organization. physical health and emotional well-being to finan-
Working across different businesses and geographies, we cial security – to help employees take care of their
have successfully eliminated more than 600 instances of immediate needs, unexpected challenges, and
Keeping our people safe when overhead power lines surrounding our facilities, mitigating a long-term health. Our employee wellness programs
key risk area in electrical safety. are focused on the following four areas:
driving a vehicle
Over the past six years, we have strictly enforced a no-
We have conducted more than 62,000
• Physical well-being: We offer flexible and
cell-phone policy for drivers and we continue to replace
online training sessions, covering various
comprehensive programs that enable employees
motorcycles in our businesses and operations with safer
elements of the electrical safety policy and
and their families to cover basic preventive needs,
modes of transportation. Additionally, we are implementing procedures.
stay physically healthy, and manage unexpected
more robust training programs for our drivers, and we are issues as they arise.
using various technologies to help improve driver safety.
Across countries like Thailand, the Philippines, Vietnam,
Mindful May: • Mental well-being: Mental health is foundational
Indonesia, Australia, China, South Korea, India, Malaysia, Our global Mental Health Awareness Month campaign to overall well-being, which is why we provide free,
and Pakistan, our drivers have experienced the advantages featured a centralized digital hub where more than confidential mental health programs for employees
of in-vehicle monitoring systems and telematic technology, 10,000 employees accessed tools, resources, and and their loved ones. We also provide leadership
which is a method of monitoring vehicles through GPS and offerings – including a global webinar series, with training and resources to help identify and address
onboard diagnostics. additional regional options, covering topics ranging employee mental health needs, along with ongoing
from inclusion and gratitude to social and physical efforts to destigmatize mental health across Cargill.
Presently, more than 2,000 Cargill drivers are benefiting from wellness. Leaders and Business Resource Groups were
these technologies that analyze various driving behaviors, equipped to champion mental health awareness and • Financial well-being: We recognize the
as well as the SOS services we provide in the event of a well-being through digital and in-person connections importance of designing compensation and
crash or other emergency. Our Safe Driver Policy also covers that empowered psychological safety and reinforced benefits to meet our employees’ current needs
vehicle selection protocols, safety features education, the importance of supporting mental health at Cargill. and empower them to save for their future.
ongoing training requirements, journey fatigue management, Supporting employees with tools to help them
and certifications for our most frequent drivers. achieve their financial goals means less time
worrying about providing essentials while building
a secure future.
“ Nothing is more important at Cargill than sending
everyone home safe, every day. That’s why we uphold • Work/life well-being: Our competitive paid time
an unwavering commitment to constantly evolving our off options provide employees time to rest and
health and safety programs, like our safe driver program.” recharge, flexibility to manage their day-to-day
lives, and leave of absence programs to support
Hongfei Zheng them and their loved ones in the moments that
Cargill Animal Nutrition Group Leader, North Asia matter most.
37 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Product and food safety Harnessing the power of data

Cargill is investing in innovative solutions that
help empower and enable customers to surpass
product safety, quality, and ever-changing
regulatory demands. A key aspect of our
advancement lies in building on our existing data
insights platform to develop new technologies
and processes that can harness the power of our
data to predict and mitigate food safety risk. This
year, we further refined and integrated a cutting-
edge digital tool that employs a comprehensive
risk modeling approach to analyze food safety-
related data. This process includes gathering
data from multiple internal and external sources
Our approach and progress and using the tool to filter relevant alerts that
True to our purpose of nourishing the world is a commitment include contaminant keywords of concern. The
to delivering food and feed that is safe to eat. We also results are analyzed by teams of risk experts to
recognize that food safety is fundamental to the trust determine if escalation is necessary and if action
customers and consumers have in Cargill and our products. is needed.
We take a comprehensive, science- and risk-based
approach to food safety in our policies, operations, and Our vision is to expand the scope of risks we
supply chains. This includes investing in processes and monitor in the markets we serve holistically,
technologies that enable us to rigorously monitor all facilities further fortifying our robust food and product
and areas of risk, such as foodborne pathogens. safety system. This evolution allows us to
be better prepared, anticipate, and prevent
Food safety is a value shared by our customers, compliance-related incidents that might not
competitors, farmers, industry associations, and others have previously been classified as high risk.
in the food system, which is why we work collaboratively Additionally, this enhanced approach has
to advance food safety in the industry and share our enabled more effective supplier management
innovations and best practices. One of the ways we do across our supply chains.
this is through our partnership with key organizations. For
example, along with other member companies, this year
we worked with the Alliance to Stop Foodborne Illness, a “ Every day, thousands of Cargill colleagues around the world are working hard to ensure the safety
program of Stop Foodborne Illness, on a new video series and quality of our products. But it takes all of us, as well as our external partners and many others,
and supporting resources designed to drive culture change working together to make our entire food system even safer, more reliable, and more sustainable.”
around food safety.
Sean Leighton
Global VP of Food Safety, Quality, and Regulatory at Cargill and President for the Institute of Food Technologists
38 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Animal welfare

Our approach and progress

As part of our purpose to nourish the world in a safe,
responsible, and sustainable way, we understand and
embrace our responsibility to treat animals with respect
and dignity. The proper care and handling of animals is “ Cargill has long been an industry leader in animal welfare. Our work together over many decades
critically important as the global population and demand for has improved both animal welfare and our understanding of animal behavior. The management at
nutritious, affordable, and high-quality protein increases. Cargill had both the vision and the right team to successfully collaborate with me to install the first
center track restrainer . The piece is now an industry standard that greatly improved animal welfare.”
Cargill takes pride in being an industry leader in animal
welfare, and we maintain high standards for our suppliers Dr. Temple Grandin
and ourselves. We have strict animal welfare guidelines in Author, speaker, and Colorado State University Distinguished Professor

place, and we maintain a zero-tolerance policy on animal

abuse among our employees as well as with our suppliers,
transporters, and others within our supply chain. Improving beef cattle welfare
Since the early 1990s, Cargill has worked with animal welfare experts at Colorado State University, including Dr.
We work with a variety of stakeholders, including farmers
Temple Grandin, to improve the design of our cattle processing facilities with the goal of reducing animal stress
and ranchers, customers, NGOs, academics, scientists,
and improving comfort as much as possible. Most recently, Cargill has been collaborating with Dr. Lily Edwards-
and veterinarians to employ best practices. Our approach
Callaway of Colorado State University on research initiatives to enhance beef animal welfare during the slaughter
is based on the Five Domains model – which goes beyond
process, which is the only time in the life cycle that cattle are under our care and where we can directly improve
the globally recognized framework for animal welfare, the
their well-being. From optimizing pen space to providing shade to assessing the flooring used in pens, we are
Five Freedoms – and promotes positive mental states
leveraging our learnings to better understand what practices help meaningfully improve the comfort and welfare of
through nutrition, physical environment, health, behavioral
cattle while in our care. Through these efforts, we seek to continuously improve animal welfare across the industry
opportunities, and overall mental well-being. For additional
and promote engagement among employees involved in the slaughter process.
details on our practices and progress, see the Appendix.
39 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Diversity, equity, and inclusion

Our approach and progress
Globally, we are expanding supplier diversity with
To build a stronger and more resilient food system that can a focus on women’s empowerment and providing
feed the world, we focus on inclusion and equity to build the significant support to community partners and NGOs.
capacity of our teams and suppliers. That begins with the We are also working alongside our customers and
people who work across Cargill’s entire value chain – from regional leadership to create more equitable and
the farmers, ranchers, and agricultural communities we inclusive partnerships with producers and agricultural
source from, to the employees who work directly with them, communities. Our executives have specific DEI
as well as in our elevators, plants, labs, and offices. aspirations and provide quarterly updates on progress. Encouraging involvement through
We recognize the need to strengthen our DEI efforts Business Resource Groups
We focus our diversity, equity, and inclusion (DEI) strategy and are broadening the measures we are looking
on our workforce, workplace, and marketplace by creating at and holding leaders accountable to, including Cargill fosters an inclusive work environment through
equitable access and opportunities across our operations representation, inclusion, and advancement metrics. Business Resource Groups (BRGs), dynamic networks of
and supply chains. Inside our company, we are committed employees actively championing the recruitment, retention
to diversifying our team globally through gender parity
and regionally by identifying and working to advance
+7% and advancement, and recognition of our global workforce.
above Fortune 100 companies on our DEI Index These BRGs actively engage in a multitude of activities, such
underrepresented minorities in leadership. (81% favorable) as organizing and participating in local events, engaging
members and allies, collaborating on special projects,
100% volunteering in community initiatives, and more. By creating
Human Rights Campaign Corporate Equality a platform for employees to connect and learn, our diverse
Index score for the 18th year range of BRGs contribute to an environment that celebrates
and supports the professional development and well-being
$70 million of employees.
invested over the past two years to make our
facilities more inclusive
“ We believe equitable access
~$1 billion to opportunities creates
spent with diverse suppliers meaningful impact in our
workforce, workplace, and
We are also maintaining our focus on addressing anti-Black We’re proud of the progress we’ve made toward marketplace.”
racism in Brazil and the United States, which exists due to our goal to achieve gender parity in leadership by
deep historical roots and persistent systemic issues. We 2030 globally, which is now at nearly 34.8%. Stephanie Lundquist
continue to advance programs like the Black Farmer Equity We have also maintained global pay equity for women Chief Human Resources Officer,
and U.S. minorities.29 Cargill
Initiative , which launched in 2021.

29
After considering appropriate factors expected to influence an individual’s pay such as country, job family, pay band, and tenure, men and women in professional roles performing the
same or significantly similar work are on average paid the same.
40 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Opening doors for careers at Cargill Building inclusive facilities

As part of our efforts to achieve gender parity and Expanding support for Black
promote equality, Cargill is furthering our commitment to farmers in the U.S.
create inclusive facilities that provide safe, accessible,
and convenient spaces. Spurred by the work of our Cargill launched the Black Farmer Equity Initiative
Women in Operations program, we have made significant in 2021 to address the significant decline of Black
investments to enable Cargill locations to have restrooms, farmers in the U.S. and the legacy of systemic
lactation rooms, quiet rooms, breakrooms, and parking inequality. The program focuses on partnering with
spaces exclusively for pregnant, disabled, and/or elderly producers to operationalize equity across the food
employees. Our goal is to be industry-leading in terms of and agriculture system. Farmers represent a range
inclusivity and meet the highest standards for facility design. of priority supply chains – from beef to corn and
Through benchmarking and ongoing surveys, we seek to cotton. This year, through the initiative, we partnered
continuously improve and monitor the progress of facilities with Target to support a line of T-shirts sourced from
worldwide. cotton grown by Black farmers. Additionally, we also
launched a new program with the National Minority
Supplier Development Council to help connect
Creating opportunities for diverse
Black farmers to markets, capital, information, and
communities technology across several supply chains.
This year, we introduced the Cargill Career Starter
Apprenticeship program, a 12-month “earn and learn” To provide greater equity and access for the diverse
model that combines on-the-job training in Cargill’s U.S. communities in which our employees live and work, we
offices with technical and durable skills development. The foster relationships with local organizations that share and
apprenticeship program was created to help candidates help advance our goal. In the Netherlands, our team works
upskill and achieve upward mobility without the requirement with Giving Back, an organization that supports first-
of a bachelor’s degree. After completing the program, generation students with mentoring programs, where our
including one year of education and one year of work Cargill employees serve as mentors. Since the partnership
experience, apprentices become eligible for professional- began in 2015, more than 50 Cargill employees have
level job opportunities, contributing to our diverse and skilled mentored a student, with a minimum commitment of one
talent pool. Our inaugural class included 14 apprentices at to two years. In Türkiye, our local teams collaborated with
three Cargill locations. the Turkish Education Foundation (TEV) to launch the
award-winning Women Leaders of the Future Program
with the aim of developing future women leaders. Since
“ My apprenticeship has been an inspiring beginning the partnership in 2021, more than 125 women
journey of learning and growth. I find myself from 30 universities across 16 cities were provided with
surrounded by a supportive community of opportunities to acquire the necessary skills for leadership
mentors and colleagues, who have shared in the business world, such as scholarships, internships,
their wisdom and expertise.” mentorship, and on-site training at production facilities.
The program receives mentorship support from nearly
Debra Chepkemoi 50 dedicated Cargill volunteers.
Cargill Data & Analytics Apprentice
41 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Employee training and development

Our approach and progress
Cargill is committed to investing deeply in our people,
providing employees with access to learn, grow, and
Growing leadership skills in
maximize their potential. We believe the investment in our plants
learning helps our employees advance their careers at
Our ability to deliver nutrition to farm animals,
Cargill, strengthens our business capabilities, and allows us
ingredients to customers, and daily essentials to
to better serve our customers.
families is directly tied to the tens of thousands of
colleagues working in our plants around the world.
We make high-quality learning resources available to 100%
This year, we launched our Powered by Plants
of our professional workforce through comprehensive digital
program to improve the employee experience and
learning platforms as well as in-person training. This enables
strengthen our plant culture.
our employees to customize their personal knowledge
journey at their own pace – choosing training for the skill
Through this program, we are also investing in the
sets that best serve them now and in future roles – and take
leaders who coach and guide this important part
advantage of collaborative learning opportunities where they
of our workforce including through the introduction
can practice what they learn with colleagues and instructors.
of two new training solutions: Leading People and
These trainings cover a broad range, from leadership
Leading Leaders.
development and unconscious bias to commercial, digital,
and data skills.

We are also continuing to invest in new ways to engage

employees who work in our production facilities, providing
critical training and education to support a safe, productive,
and highly skilled workforce. We work closely with our plant
supervisors in developing our frontline team members and
are also working to equip these supervisors with the skills
and tools needed to coach their teams and be successful
people leaders.
“ [Leading People] was such an amazing training.
It really parallels with our biggest value here at
Cargill which is putting people first.”
Allen Edwards
Cargill Protein Business Operations & Supply Chain
Training Lead
42 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Human rights
Our approach and progress Cargill’s salient human rights issues
Human rights are fundamental at Cargill. We are committed
to respecting the human rights of all Cargill employees Forced labor Child labor Land rights
and all those whose lives and livelihoods we impact. This
commitment is a part of Cargill’s culture – it is rooted in our We do not tolerate the use We work to eradicate child labor We are committed to respecting
Guiding Principles  and part of our values of doing the of any form of forced labor from our operations and supply land resources and tenure
right thing and putting people first. – including prison labor, chains. Child labor is defined as rights for everyone, especially
indentured labor, bonded labor, work that is mentally, physically, for indigenous people, local
Our Human Rights Policy  outlines our commitment to and any forms of modern slavery or socially dangerous or that communities, and ethnic or
respecting internationally recognized human rights as well or trafficking – anywhere in our deprives children under the legal minority groups, and observe
as our approach to addressing our most pressing, or salient, own operations and supply working age the opportunity to the principle of free, prior, and
human rights issues. To effectively address human rights chains. We will act to eliminate attend school. informed consent as a core
issues, we need to continuously evolve our approach to any form of forced labor from element to protect those rights.
achieve long-lasting change. our own operations and supply
chains.
This year, we refreshed our policy, providing clarity on the
salient human rights issues affecting our operations and
supply chains, as well as details on our governance and
Human Rights Due Diligence (HRDD) process. We also
designed an interactive training program to better equip Health and safety Fair wages and working hours Worker voice
Cargill employees with the skills needed to identify and assess
human rights risks. One general training pathway introduces We are committed to a culture We are committed to providing We are committed to equal
key components of our strategy, and three advanced-level in which we put our people competitive, fair, and equitable opportunities. We do not
trainings offer in-depth guidance on the topics of child first and conduct our business pay. We are also committed tolerate harassment or violence
protection, responsible recruitment, and land rights. activities in a manner that to improving workers’ well- in any form, and we prohibit
protects the health and safety of being through a safe and discrimination against any
Our efforts go beyond our own operations and supply chains those whose lives we touch. healthy working environment, worker or applicant. We respect
to local communities where we operate. This community- which includes adherence to the right of workers to form or
driven approach helps us address the root causes of our applicable working-hours laws, join a legally recognized labor
salient human rights issues. including overtime. organization.
43 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill’s Human Rights Due Diligence

(HRDD) process
As a business operating across diverse supply chains and regions, we have the ability
– and responsibility – to address human rights issues. We conduct human rights due
diligence to understand where our business activity and relations pose the greatest risk
to people, and we prioritize our actions accordingly. Our four-step HRDD process helps
us identify and address negative impacts where they occur and remediate those we
have caused or contributed to.

ce mechani
rievan sm Protecting land rights in Côte d’Ivoire
G
Our commitment to respecting land rights includes helping farmers secure tenure rights
Identify to their land through legally recognized documentation. In Côte d’Ivoire, many cocoa
human rights risk farmers don’t have the documents to show that they have user or ownership rights
to the land on which they live and work, leading to a lack of security and investment

1 – which in turn impacts their productivity, livelihoods, and future incomes. The Côte
d’Ivoire Land Partnership program (CLAP) is changing that by bringing together agtech
company Meridia, the Ivorian and Dutch governments, the German Cooperation, and

Report Human Assess cocoa industry companies including Cargill, which joined the partnership in 2022.
Through this program, stakeholders are working to help farmers gain official land
4 2
highest
based on
specific
Rights risk supply certificates or contracts, which is otherwise a challenging and expensive process.
chains and
KPIs
Policy suppliers

In 2022, CLAP delivered the first 130 land-

3 tenure documents to cocoa farmers covering
Act 580 hectares, with more than 40% of the
to address findings
and non-conformances
beneficiaries being women. The target is to
deliver 9,000 documents to cocoa farmers
supplying partner companies by 2024.
44 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Recruiting responsibly in our social issues prevalent in the Malaysian palm oil industry,
including recruitment practices, employment contracts,
operations
grievance mechanisms, freedom of movement, freedom of
Since 2008, Cargill’s Canadian beef protein facilities have association, wages and working hours, health and safety,
recruited more than 1,000 skilled migrant workers from and access to safe accommodation. In 2022, the third year
outside Canada, with the majority from the Philippines. We of implementing this program, we engaged with three high-
align with the ethical recruitment principles identified within volume mills on ethical recruitment and other key topics. A
the International Organization of Migration, and because we positive impact from these mill engagements has been the
believe that these workers can be valuable members of our return of workers’ travel documents. Suppliers now have
business and our local communities long-term, we screen continuous improvement plans – informed by observations
for workers that will meet the requirements for permanent and findings from the engagements – to guide them in
residency in the future. We also invest time and resources in addressing labor issues within their operations.
enabling a smooth transition for these workers, connecting
them to affordable housing and making them aware of Reinforcing supplier procedures
community resources and local services. In addition to
providing on-the-job training, we also recruit experienced This year, following an industry-wide investigation by U.S.
migrant workers who are already trained in skilled labor, authorities over child labor in the country’s meatpacking
specifically industrial butchers and meat cutters, which is facilities, allegations surfaced that a contractor of ours that
helping to fill a skills gap in the local workforce. provides plant sanitation services had employed individuals
under the legal working age at our sites. While these
allegations did not involve claims of misconduct against
Cargill, we took immediate actions to review and improve
our processes once we learned of the investigation. We
also provided notice of termination to the contractor for
all sanitation services across our operations. Following
this incident, we are also reinforcing our stringent supplier
verification procedures with the addition of new protocols
in our North American protein business, including a
visual inspection requirement by our management team
of suppliers’ employees on our worksite to identify age
concerns, along with investigation and follow-ups on
any concern noted. Additionally, we have added social
responsibility audits to our supplier engagements, which
Recruiting responsibly in our supply include interviews of suppliers’ employees.
chains
In Malaysia, Cargill works with Earthworm Foundation
to help companies in our palm oil supply chain improve
their labor and human rights practices through the Labor
Transformation Program. The program’s goal is to generate
long-term engagement with suppliers and improvement on
45 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Farmer Our commitment

livelihoods This year, we developed a new strategy for

supporting farmer livelihoods focused on three
key areas:

• Profitability of the farm: We work with farmers to

increase their productivity and sales. We support
farmers in making their farms more efficient,
expanding access to finance and markets, and
diversifying and growing their incomes to better
manage risk.
Profitability
• Inclusion in the supply chain: Diverse supply One of the ways we are increasing profitability for farmers
chains are stronger supply chains. We work is by improving market opportunities and providing avenues
toward more diverse and equitable supply for income diversification. The Hatching Hope Global
chains by supporting land rights and tenure and Initiative, co-founded by Cargill and Heifer International,
Our approach and progress empowering as well as creating opportunities for aims to do that by providing small- and mid-size farmers,
women and other underrepresented groups. many of whom are women, with the necessary training
Farmers are the center of our food system and play a
and resources to feed and care for chickens and help
fundamental role in addressing global challenges like • Resilience of the farm: We help farmers build
bring poultry products to local markets. Globally, the goal
climate change and food insecurity. This is only possible long-term resilience to climate change and other
of Hatching Hope is to improve nutrition and economic
when sustainable solutions are economically viable for the shocks and stresses through the adoption of
livelihoods by reaching 100 million people by 2030 through
producers who work hard every day to feed the world. regenerative agriculture practices that support
the production, promotion, and consumption of poultry.
soil health, as well as practices to improve
Since launching Hatching Hope in 2018, the program has
Cargill partners with farmers to help their businesses and animal health.
reached 21 million people.
communities thrive for generations to come. Our goal
is to work with farmers to maximize productivity and Our strategy was developed based on farmer
Another avenue for improving farmers’ profitability is
profitability while protecting the environment and supporting insight, customer analysis, industry best practices,
providing access to finance. Cargill extends its support
a sustainable supply chain that delivers value to our and other stakeholders. We focus our efforts in
to farmers of all scales by providing financing to help them
customers. areas that support financing to farmers’ goals and
grow their businesses, including prepayments and other
business objectives, as well as programs that can
types of credit. This year in North America, we provided
Our goal: maximize potential impact by delivering multiple
$17 million in financing to U.S. corn and soybean farmers,
To provide training on sustainable agricultural benefits across other priorities, such as climate
and also partnered with Farm Credit Canada to provide
practices and improve access to markets for action, sustainable land use, and diversity, equity,
financing to Canadian farmers for crop inputs. See more
10 million farmers by 2030. and inclusion in our supply chains.
examples of our approach in the Strategy section of
this report.
6.4 10
million million
Total trainings since goal 2030 goal
was set in 2017
46 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Resilience
Regenerative agriculture is a way of farming that builds
climate resiliency into farm operations. As we move
forward in our vision to make regenerative agriculture
commonplace across our global supply chains, one initiative
we are drawing key learnings from is our 1000 Farmers
Endless Prosperity program in Türkiye. Now in its fifth year,
the program has grown well beyond its name, engaging
more than 5,000 corn, sunflower, and canola farmers,
and covering more than 50,000 hectares. The program
equips farmers with training, digital agriculture tools, and
consultancy services focused on regenerative agriculture.
Inclusion Farmers are employing practices that improve climate
Building more diverse supply chains requires educating resiliency and have also seen their yields increase by
and empowering community leaders. Through initiatives up to 20%.
like the Coop Academy, Cargill provides on-the-job
“ I’m glad that I participated in this
development for cocoa cooperative managers – many of Cargill also leads a consortium of public-private partners program because there are serious
whom are women. Launched in 2013 in partnership with through TRANSFORM , a USAID-funded activity working
differences between the farming I did
TechnoServe, the program has graduated 700 leaders from to strengthen the global health security agenda. More than
70 cooperatives, with an additional 700 expected to receive 70% of emerging infectious diseases are zoonotic, which before and the farming I did after. We
diplomas by the end of 2023. The program also focuses on means they are transmitted from animals to humans, while were able to understand how important
gender equity through a community development program, transboundary diseases can spread among animals and
decimate flocks and herds. Through TRANSFORM, Cargill
sustainable agriculture is in all senses.”
which has helped more than 2,000 women establish
income-generating activities – 93% of whom saw their is working to reduce the global risk and impact of emerging llker Sigo
infectious disease threats by preventing avoidable outbreaks Clover and sunflower farmer in the Balikesir neighborhood
incomes increase as a result.
in Türkiye and 1000 Farmers Endless Prosperity 
across four value chains in Kenya, India, and Vietnam. By
program participant
Our commitment to inclusion also extends to increasing taking a systems-based approach to addressing diseases
the participation, profitability and productivity of farmers at the source, conducting research to optimize health of
who face barriers due to racial inequity in agriculture. The local animal species, and partnering with farmers to increase
Black Farmer Equity Initiative, launched by Cargill in 2021, biosecurity and farm management practices, Cargill is
is working to connect Black farmers in the U.S. to markets, building farmer resilience and improving public health.
capital, information and technology across a number of Since March 2021, TRANSFORM has trained more than
supply chains – from beef and poultry to cotton and corn. 29,000 farmers on biosecurity measures and reached more
See Diversity, equity, and inclusion to learn more about the than 400,000 farmers through Social Behavior Change
actions we are taking Communications (SBCC) campaigns.
47 Cargill ESG Report 2023 Overview Strategy
Strategy Climate
Climate Land
Landand
andWater
Water People
People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Women play a central role in farming communities, Spotlight

connecting food to tables worldwide, but many
lack access to sufficient income, job opportunities,
and education. Advancing
gender equity
Cargill recognizes the importance of empowering women
and girls, and by investing in gender-focused initiatives, and women’s
we have witnessed positive impacts on agricultural empowerment
productivity, income, food security, and education within
communities. For example, through the Cargill and CARE
program Nourishing the Future in Central America, we saw
diversification and improvement in household income, and
stronger market linkages. Over the last three years, the
program reached more than 1.4 million people directly and
indirectly, including more than 900,000 women. As a result,
market participation for women increased at a regional level
by 16.8%.

Also, through the Awale Program, we are partnering with

TechnoServe with the aim of fostering entrepreneurship
skills and creating income-generating opportunities
for women and youth surrounding the SOCABB cocoa
cooperative in Côte d’Ivoire. These efforts resulted in
a 56% increase in income compared to the baseline for
participants and a more than $6 return on investment for
every dollar invested in each beneficiary by the program.

Ely’s restaurant

Elisa “Ely” Alvarado, a small business owner

from Honduras, was able to achieve her
dream of opening a restaurant through the This work cuts across our
focus areas contributing to:
Nourishing the Future initiative.

Photo credit: CARE

48 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Community Cargill has deep roots in the communities in which we

live and work. Our efforts to build a more equitable,

Impact inclusive, and resilient food system include supporting

local communities around the world, leveraging the
strength of our partnerships, expertise, and resources.
49 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our approach
Cargill is strengthening communities through economic
development, partnerships, philanthropy, and employee
volunteerism.

We recognize the magnitude of the challenges facing our world – food insecurity, climate
change, poverty, and human rights issues.

Working hand-in-hand with our partners and other key stakeholders, we harness the power
of our global reach, expertise, and resources to address these challenges and strengthen
local communities.

We align our philanthropic and impact investments with our sustainability strategy and key
focus areas of Climate, Land and Water, and People. Our community impact initiatives
are embedded throughout this report, and many of our programs and partnerships deliver
multiple benefits across all three of these focus areas. They also work to improve access to
safe, nutritious, and affordable food. Our work contributes to the following SDGs:

Guided by led by our enabled and amplified by our to nourish and empower
our purpose strategic focus areas impact partners local communities

To nourish the world

in a safe, responsible, Integrated
strategy,
and sustainable way multiple
benefits
50 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Strategic partners Nourishing the world requires us to deepen relationships with local communities. Through our
extensive collaborations with leading civil society partners across regions and supply chains, we
are proactively addressing the needs of individual communities – providing them with access,
representation, and a voice. The following list is representative of the breadth and depth of our
partnerships with global NGOs:

For more than 60 years, Cargill and CARE have collaborated Earthworm Foundation has been working with Cargill since Cargill and Global Water Challenge launched Cargill
to improve agricultural productivity and market access, 2010 to drive community-based, integrated sustainability Currents in 2021 to address water challenges faced by local
increase food security and nutrition, and strengthen education approaches. Our collaboration began with a customer- communities in priority regions. By tailoring interventions to
and economic opportunities, especially for women and girls. focused, supply chain solution to make palm production the specific needs of the target communities, the program
In the last 15 years, the partnership has reached more than more sustainable. Today we are working together to address supports access to safe drinking water and sanitation and
4.6 million people through 34 projects in 12 countries. land use, farmer livelihoods, food security, human rights, and promotes sustainable water management practices. Our work
other issues in cocoa, soy, and other delivers benefits beyond water access, including supporting
supply chains. farmer livelihoods, empowering women and youth, and
addressing climate impacts.

Cargill partners with Save the Children globally with a focus on human rights, food security, We work with TechnoServe to build strong market-based solutions that create more resilient,
and water and sanitation access in rural communities. Whether in Southeast Asia or Côte profitable, and inclusive food systems. Partnering with supply chain teams around the world,
d’Ivoire, we are working to improve food security for young people, reduce child labor, create TechnoServe focuses on strategies and on-the-ground work with farmers in Latin America,
livelihood opportunities for youth in cocoa farming, and provide better health outcomes Africa, and Asia. The scope of our work includes Coop Academy, an on-the-job development
through access to safe water and sanitation. program for cocoa cooperative managers.

Cargill has worked with World Food Program USA (WFP USA) and the United Nations World We work with World Resources Institute (WRI) to advance more environmentally sustainable
Food Programme (WFP) since 2001. Together, we are focused on building global and local agricultural approaches. With a focus on integrated approaches across climate, land use,
food security solutions that help people respond to hunger and build stronger, more resilient water, and farmer livelihoods, we have collaborated on analytical tools like WRI’s Aqueduct
food systems. We have worked together to connect farmers to local supply chains, advance Water Risk Atlas, Aqueduct Food, and Global Forest Watch Pro. Cargill supported WRI and
school meal solutions, purchase local food in the midst of crisis, and provide emergency food partners in the development of industry guidance to help companies set contextual water
assistance where it is needed and welcomed. targets across their enterprise.
51 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Partnerships in action
Empowering women in
agricultural communities
This year, Cargill and CARE embarked on
the next chapter of our partnership with a
focus on women farmers and entrepreneurs,
who produce up to 80% of the world’s
food in developing countries, according to
the UN Food and Agriculture Organization.
Photo credit: Victor Fidelis Sentosa for Save the Children The expanded phase of the partnership will
support 12 projects spanning 11 countries,
Strengthening financial literacy including Côte d’Ivoire, Guatemala, and
in Indonesia Vietnam. The program’s focus areas include
enabling women’s access to inclusive
Cargill collaborated with Save the Children to identify markets to unlock greater production,
opportunities to strengthen financial literacy among expanding profits on small-scale agriculture,
independent palm producers in Indonesia. Working with and ensuring food security. The program will
palm producing households we learned nearly 80% do also work to increase women’s access and
not have an emergency fund. agency to productive agricultural resources
by improving access to information, land,
Our support for Save the Children, in partnership water, inputs, information, technology,
with local organization Gapemasda, enabled the extension and climate services, and finance.
implementation of a program focused on youth
development and business promotion. We also launched
27 Village Savings and Loan Association (VSLA) groups
to strengthen the economic resilience of oil palm farming We will invest $14 million in this
families. In VSLAs, community members cooperate and program over the next three
work together more, and share information to issue loans, years with a goal of reaching
make future plans, and understand financial agreements. more than 1.6 million people.

“ Before this program, young people like me Maria Magdalena Rivera (pictured right) is a
were running out of money.” tilapia farmer in a women-run cooperative called
Achiotal Aquaculture Association, located in
Benyamin Umang rural Honduras. Read her story 
Palm producer in Indonesia Photo credit: CARE
52 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

With more than 700 million people affected by hunger

globally,30 ensuring food security requires decisive,
Spotlight
short-term action and long-term investments to build
more resilient food systems that can address shocks Increasing
like the war in Ukraine, inflation, and natural disasters.
global food
Advancing food security requires partners working together across security
borders, areas of expertise, and interests. We are focused
on responding to crises and building long-term solutions.
We prioritize investments in improving farmer incomes and
productivity, helping producers adapt to climate change, and
more effectively responding to shocks and feeding a rapidly
growing, global population.

Long-term view: Building resilient supply chains

Hatching Hope: The goal of the global initiative is to improve
nutrition and economic livelihoods by reaching 100 million people
by 2030 through the production, promotion, and consumption
of poultry. To date, we have reached 21 million people and are
continuing to expand with new partners in new geographies. See
People: Farmer Livelihoods for more on this and other programs.

Urgent food needs: Responding in times of crises

Amid the conflict in Ukraine, our teams are working to keep food
supply chains running through the Black Sea corridor. We’re also
supporting humanvitarian relief efforts in the region and others
around the world impacted by the crisis. See “Responding in times
of crisis” for more details on our emergency response efforts.

30
United Nations Food and Agriculture Organization (FAO)

“Our employees are real-life examples of our purpose in action.

They are helping to nourish the world by keeping the food Photo credit: WFP/Giulio d’Adamo
system working even in the most challenging circumstances.”

Roger Watchorn This work cuts across our

focus areas contributing to
Leader of Agricultural Supply Chain
and Corporate Trading at Cargill
53 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Global philanthropy
and volunteerism
Cargill has a long history of corporate, business, and Bolstering food security around
foundation giving to support strategic partnerships that
the world
advance our social and environmental priorities. We also
leverage the passion and talent of our global workforce A key pillar of our food security strategy is supporting
by providing them opportunities to contribute their time food banks, which are often a vital lifeline for those in
and expertise. This approach maximizes our monetary need. Cargill has deep local ties with many community
donations and talent, and provides our local, regional, food banks, providing financial support and volunteer Investing in our hometown youth
and global partners with the resources needed to sustain, assistance over many years. For example, we contributed
The Cargill Foundation partners with nonprofit
grow, and deliver impactful programming. nearly $5 million to Feeding America to support hunger
organizations in our headquarters community of
relief and address the shortage of fresh protein at food
Minneapolis/St. Paul, Minnesota, U.S., to nourish and
banks throughout the U.S.
Our investments and impact educate children so they can succeed in school, work,
and life. Our focus is on supporting low-income and
This year, we contributed more than $115.5 million globally We also scale up our support in times of crisis. Our
Black, Indigenous, and other youth of color through
to support our partners and local communities. Some of our donation to the European Food Banks Federation assisted
investments in programs that improve access to
most significant impacts included: hunger relief efforts for refugees in Poland and directly in
nutritious food, expand education in Science, Technology,
Ukraine. Additionally, we partnered with the World Food
Engineering, and Mathematics (STEM), and prepare
57% average increase Program (WFP) USA to provide the equivalent of 2 million
students for college and careers.
in farmer income among our partners reporting meals in Yemen and Somalia. We also partnered with our
suppliers to provide rice to 4,000 red seaweed producers
114,000 people in Tanzania and Madagascar to address short-term food
with improved access to water, sanitation, and hygiene shortages. This year, the Cargill
Foundation provided
3.4 million people This year, our 20,000 children with
with increased access to food
contributions access to STEM
This year, we met our global annual goal to invest 2% of
resulted in curriculum and served
our global pre-tax earnings with NGOs and other partners more than more than 12 million
20 million
to advance our social and environmental priorities and
support local communities.31 Our funding is managed and
nutritious meals and
meals.
distributed through both corporate and business giving,
as well as through Cargill foundations in select countries. snacks.
31
Based on global, consolidated pre-tax earnings over a three-year trailing average
54 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Responding
in times of
crisis
From natural disasters like the earthquakes in Türkiye and
Syria, to the ongoing war in Ukraine, we are committed
to supporting communities around the globe in times of
crisis. Supporting humanitarian efforts
Providing relief in Ukraine in Türkiye
In February of this year, two powerful earthquakes struck
Since the full-scale invasion of Ukraine more than a year
a wide area of southeastern Türkiye and Syria, which had
ago, we have remained committed to the safety of our
Photo credit: WFP/Marco Frattini
a devastating effect on communities, including limiting
employees and continue to provide humanitarian relief to
access to food.
communities impacted by the war. At its peak, more than
13 million Ukrainians were displaced by the war,32 and the education for Ukrainians, including those displaced by
In response, we committed $1 million to support
nation has suffered more than $28.3 billion in agricultural the war. For example, we partnered with Ukrainian NGO
humanitarian efforts through local organizations; under
losses.33 CF Blagomay to build container houses for refugees
the coordination of the governmental organization
who have lost their homes, as well as a multi-functional
AFAD (Türkiye’s Disaster and Emergency Management
We are committed to helping Ukrainian farmers produce shelter space, including a children’s room and center
Authority), we supported local organizations like TIDER,
the food the world depends on while also re-establishing for psychological support. We also support the charity
other local NGOs, and World Central Kitchen, whose team
their livelihoods, which have been torn apart by the foundation Superhumans Center, which opened a state-
was on the ground providing meals for families impacted
war. Farmers in the region face a growing risk posed by of-the-art rehabilitation center in mid-2023 for Ukrainians
and relief workers. In the immediate aftermath of the
landmine contamination, which is estimated at 174,000 injured during the war. The center will treat 2,800 patients
disaster, we purchased and prepared a total of 2,400
square kilometers – or approximately half the territory of per year who have been partially or permanently impaired.
ready-to-go food bags to distribute to children living in
Japan or double the territory of Austria.34 We are working
the disaster area.
with a global landmine clearance NGO, The HALO Trust, We also continue to provide monetary support to our
to provide mine risk education to farmers and safely global humanitarian partners, such as WFP USA. With
Our next steps include working with TIDER to open a
remove mines from farmland. Our farmer risk education Cargill’s support, WFP USA was able to provide 55,000
food bank in Adıyaman in fall 2023. This project will run
campaign has reached more than 5.3 million farmers and people in Kharkiv with food assistance for two months, as
for two years and support approximately 1,500 families
agricultural workers in the country’s most at-risk regions. well as provide cash-based transfers to 35,000 people for
every month with food as well as cleaning and hygiene
one month.
products. The food bank will also provide animal feed
Through employee-led Cargill Cares Councils, we also
products and will have four employees, an office, a
provide support to dozens of local organizations and To date, we’ve committed more than $40 million in
storage area, and various transportation vehicles for daily
projects in Ukraine and Eastern Europe, spanning humanitarian relief to Ukraine and the broader region.
use to manage the food bank.
emergency relief, medical assistance, food, housing, and
32
United Nations High Commissioner for Refugees (UNHCR) 33
United Nations Food and Agriculture Organization (FAO) 34
Statement by Ukrainian Prime Minster Denys Shmyhal
55 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Ethics and Cargill is committed to doing business in an ethical

manner. Our customers, shareholders, employees,

Compliance and communities count on us to uphold this

commitment, and we know that Cargill’s continued
success depends on it.
56 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our approach Code of Conduct

Our Code of Conduct  is grounded in our Guiding Supplier Code of Conduct
Since we were founded in 1865, Cargill has Principles and outlines the shared ethical standards and
acted on the belief that doing the right thing critical compliance policies that apply to all employees Given the role our suppliers play in our business,
sets the foundation for long-term success. worldwide. ethics and compliance are also critically important
within our supply chain. That’s why we established
We work to foster a culture of respect and cooperation, Cargill’s Supplier Code of Conduct , which
The Code of Conduct is shared with new employees during
focusing on shared ethical standards and strong compliance complements our Code of Conduct for employees
onboarding and reinforced through annual training, and
programs that enable our customers to succeed and our and is grounded in the same seven Guiding
it has been translated into 24 languages for our global
communities to thrive. Principles. This reflects our belief that a shared
colleagues. Every employee must comply with and report
known or suspected violations of the Code of Conduct and commitment to ethical conduct and integrity is the

Our ethical culture Cargill’s compliance policies. Employees have many options
for reporting ethics and compliance concerns. Managers
foundation of trusted business relationships that
create shared value.
Our shared ethical standards along with our corporate set the tone for their teams and are often the first place
values – do the right thing, put people first, and reach higher employees turn. In addition, employees can reach out to the We work very closely with our supplier partners, and
– shape our decisions and behaviors at all levels of company’s Ethics and Compliance Office or their Human we routinely request information, certifications, and/
the organization. Resources representative. Employees and external parties or audit access from them. Through our Continuous
can also contact our confidential helpline, the Ethics Open Risk Management Process, we work on a regular
Line , which is available 24 hours a day, seven days a basis with our supplier base on managing ESG
Guiding Principles week for employees, contractors, and external stakeholders risks and improving our overall responsible sourcing
Cargill’s seven Guiding Principles  are ingrained in our anywhere in the world. framework. When a concern is raised, we work to
culture and serve as the foundation for the behaviors identify possible improvements. However, when
expected from all our employees around the globe: Cargill does not tolerate retaliation against anyone who an issue cannot be corrected or a supplier partner
reports concerns or violations in good faith or participates is unwilling to engage, we reserve the right to end
in an investigation. Any employee who does not comply our business relationship. Like our employees,
1. We obey the law.
with our Code of Conduct, fails to report violations, or suppliers have access to our confidential, third-party
participates in retaliation against someone who reported hotline, Ethics Open Line , for reporting ethics and
2. We conduct our business with integrity. compliance concerns.
suspected misconduct may face disciplinary action, up to
and including termination.
3. We keep accurate and honest records.

4. We honor our business obligations.

Celebrating our commitment
5. We treat people with dignity and respect. In February 2023, we celebrated our third global Ethics Week. This year’s theme focused on respecting others. Throughout
Ethics Week, employees worldwide shared what respect means to them and we experienced tremendous employee
6. We protect Cargill’s information, assets, and interests. engagement. Participants spanning 37 countries shared photos, videos, quotes, and more, underscoring our collective
commitment to fostering an ethical culture and creating a respectful workplace for everyone, every day.

7. We are committed to being a responsible global citizen.

57 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Promoting risk Compliance programs and

governance
Compliance training and
communication
management and Our Ethics and Compliance Office connects business We provide employees with annual training and targeted

compliance
groups and functions across Cargill to deliver effective and communications to improve their understanding of ethics
efficient global programs. Below are highlights of three of and compliance expectations, enhance awareness of
those programs. compliance risks, provide guidance on courses of action,
As an organization privileged to do business all over the and increase transparency into how Cargill investigates and
world, Cargill is constantly looking at our environment to • Cargill is committed to avoiding corruption in all forms and remediates issues of concern.
understand our risks and comply with the laws that are promotes awareness about anti-corruption laws through
applicable to our businesses. communication and training. Our Anti-Bribery program Each year, employees are required to complete online
focuses on Cargill’s most important risks including vendor courses covering topics such as Cargill’s Code of Conduct,
due diligence, oversight of government donations, and gift our ethical culture, conflicts of interest, competition, anti-
and entertainment monitoring. Anti-bribery due diligence bribery, information security, and data privacy. Additionally,
has also been embedded in our vendor onboarding we send out advisory emails reminding employees about our
process to streamline compliance and to broaden the compliance policies and our commitment to ethical conduct.
scope of our screening.

• With operations worldwide, Cargill is obligated to comply

with all applicable laws, including those regulating
competition and sanctions, in all countries where we
operate. Our Competition program supports our efforts to
engage in fair and honest competition in markets where
we operate.

• Cargill employees are expected to avoid all conflicts of

interest. Employees that find themselves in a possible
conflict must disclose the situation. We also have
programs to protect the confidential information of our
Risk management stakeholders and ourselves.

Assessing and managing compliance risks is a shared In addition to promoting and managing our compliance “ Cargill’s legacy, combined with the strength
responsibility – from the Audit Committee of Cargill’s programs, we maintain systems and processes to audit of our ethical culture, continues to play a
Board of Directors to our businesses and functions. and monitor ongoing compliance with Cargill policies. We pivotal role in helping fulfill our purpose – to
also report on our Ethics and Compliance programs, our nourish the world in a safe, responsible, and
Cargill prevents risks through policies, procedures, helpline (Ethics Open Line) volumes and trends, material sustainable way.”
controls, communications, training, and due diligence; investigations, and emerging risks to senior leaders and the
detects ethics and compliance risks through monitoring Audit Committee of the Board of Directors. Anna Richo
and auditing; and responds to concerns of misconduct General Counsel, Chief Compliance Officer, and Corporate
Secretary, Cargill
through internal reporting, investigations, and
enforcement.
58 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Delivering As a key connector of the food system, Cargill has

a unique ability to drive sustainable impact at scale

Impact - from farm to fork. We’re delivering impact across

our focus areas of Climate, Land & Water, and
People - here are a few highlights.
59 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

The Cargill Cocoa Promise: Celebrating

more than 10 years of progress
The Cargill Cocoa Promise  is indicative of how our strategy
works to maximize our impact. We created the Cargill Cocoa
Promise in 2012 with the goal of enabling farmers and their
communities to achieve better incomes and living standards while
growing cocoa sustainably. Over the past 10 years, the program has
delivered myriad benefits for cocoa farmers and their communities as
well as positive environmental outcomes for the natural ecosystems
that reside in cocoa-growing regions. For example:

• Through farmer training and coaching, we’ve helped build farmers’

capacity to increase their yields – which has improved farmer
livelihoods – without encroaching on new land.

• With a focus on supply chain transparency and the development of

innovative solutions like digital traceability platform CocoaWiseTM,
we’ve given customers greater confidence in their sourcing and
assurances that their cocoa was produced sustainably.

• By helping cocoa farmers adopt agroforestry practices, we help

support enhanced biodiversity, improved water quality, and carbon
sequestration – all while supplementing cocoa farmers’ income.

See Sustainable Supply Chains: Cocoa & Chocolate to learn

more about the Cargill Cocoa Promise and the multiple benefits the
program has and will continue to deliver.

“ The best sustainability solutions don’t just solve one

problem - they allow us to tackle several at once. That’s why
our sustainability strategy prioritizes programs and projects
that cut across our focus areas to amplify our impact.”

Heather Tansey
Vice President, Environmental Sustainability, Cargill
60 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill provides financing solutions that are driving sector-wide transformation to build a more sustainable and resilient future.
Working closely with our customers and suppliers, we integrate sustainability into financing agreements that mitigate risks while
delivering impact at scale – helping to reduce emissions, protect forests, improve soil health, enhance biodiversity, reduce water
consumption, and improve farmer livelihoods.

Expanding supplier capacity for cage- Financing innovative bio-based Helping farmers access water-saving
free eggs packaging solutions technologies
To help meet our customers’ demand for cage-free eggs, Cargill structures financing solutions that support a range of In Mexico, Cargill initiated a pilot program this year to
Cargill has provided nearly $850 million in financing since 2019 customer needs, such as helping suppliers grow so they can help corn farmers conserve water – providing long-term
– including $230 million during fiscal 2023 – to egg suppliers meet our customers’ demand for more sustainable products. financing for the implementation of drip irrigation systems.
so they can transition their facilities to be cage-free, expand We deployed $15 million in fiscal year 2022 and approved Early results suggest that the systems can help farmers
operations, and invest in biosecurity measures to guard against an additional $10 million this year to fuel the expansion of reduce water consumption up to 39% and increase their
avian influenza. As part of financing the costs for the cage- packaging and retail products provider NatureStar, which yields as well, leading to improved profitability. To validate
free conversion process, Cargill is also providing long-term makes bio-fiber- and bio-polymer-based products that are the model, the pilot program is currently running with
contracts for the eggs. This financing is helping McDonald’s certified biodegradable, compostable, and recyclable, and two producers located in Sonora and Sinaloa – among
meet its cage-free egg commitment in the U.S. can replace fossil-based plastics, polystyrene, and molded the areas most affected by water scarcity in Mexico. This
fiber packaging. These products reduce waste, deforestation precision equipment also has the potential to lower carbon
risks, and carbon emissions – helping our customers limit emissions by reducing fertilizer use through fertigation – the
single-use plastics and reduce their packaging footprint. application of fertilizer with drip irrigation – which can help
reduce the need for soil tillage while improving soil health,
biodiversity, and crop productivity.

“ Given the large size and scale of McDonald’s egg supply chain, our goal to move to 100% cage-free eggs by 2025 is a huge undertaking. Partnering with our suppliers and
farmers on this journey is essential to meeting our ambitious goal. The financing Cargill provided to our farmer partners was a key step to support their transition to
cage-free facilities. We are proud of the progress we have made together.”
Bob Stewart
Chief Supply Chain Officer, McDonald’s North America
61 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Across all of our BeefUp Sustainability projects, we expect to

reduce the intensity of our North American beef supply chain
by an estimated 2.4 million metric tons of CO2e by 2030.

“ This partnership is activating the work needed in our

supply chains to help create a regenerative, healthy food
system. Working together as an industry leverages expertise
and helps achieve the scale that is critical to accelerating
the shift to regenerative farming.”
In May, we announced an additional
Emily Johannes partnership with NFWF to support Taco
Director, Diverse and Sustainable Sourcing at Nestlé USA
Bell parent company Yum! Brands’ efforts
to reduce greenhouse gas emissions by
nearly 50% by 2030. The commitment
from Cargill and Taco Bell will allocate
$2 million and leverage an additional $2
million in federal funds over the next four
years to help beef producers increase
use of regenerative ranching practices,
sequestering up to an estimated 44,000
Building a more sustainable beef supply chain in North America metric tons of CO2 annually.

As part of our BeefUp SustainabilityTM  initiative, this year Cargill formed a partnership with Nestlé and the
National Fish and Wildlife Foundation (NFWF) to advance voluntary conservation practices that combat climate “ Collaboration with ranchers and other supply
change. With a combined investment of $15 million, this program represents one of the largest corporate chain partners is needed now more than ever,
commitments to regenerative ranching in the United States. especially with food and farming being critical
avenues for positive climate solutions. We’re
proud to have partners in the National Fish
By bringing together private landowners and conservation organizations, the project will promote land
and Wildlife Foundation and Cargill that
management practices, enhance water quality, and restore wildlife habitats across more than 15 states with a
acknowledge the great responsibility we carry to
goal of reaching 1.7 million acres. Through NFWF-awarded grants, farmers and ranchers will receive technical
both Taco Bell fans and the environment.”
and financial assistance to implement regenerative practices on their lands. Leveraging up to an additional $15
million in federal funds, the partnership’s investment is expected to activate total funding of up to $30 million
Jon Hixson
over the next five years. Chief Sustainability Officer at Yum! Brands
62 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill is leveraging our position at the heart of the agricultural supply chain to
accelerate innovation, helping to address critical climate challenges.

Advancing the measurement of

sustainability in alternative protein
Cargill is committed to measuring and accelerating
the sustainability of both animal-based and plant-
Accelerating our impact with leading Investing in product sustainability based proteins through science-driven investments.
This year, we completed a project to help us
climate start-ups capabilities
understand the carbon footprint of our plant-based
Cargill joined Greentown Labs, the world’s largest climate As we work to provide greater transparency to our meat alternative products. In addition to helping
tech incubator, to help foster meaningful connections and customers, we are expanding and harmonizing our us analyze the current footprint of these products,
stay at the forefront of sustainability technology innovation capabilities in quantifying the potential environmental this project was fundamental in creating a carbon
in the food and agriculture, manufacturing, transportation, impacts of our products through tools like Life Cycle calculator for our product development team to use
and energy sectors. This membership has enabled Cargill Assessment (LCA). While we started our development of as a dynamic, decision-support tool to evaluate the
to develop and deepen relationships with start-ups and at-scale solutions, we also worked across our enterprises climate impact of changing ingredients, sourcing
emerging leaders and identify solutions that have the on strategic projects to better understand opportunities to regions, energy sources, and processing techniques.
potential to advance our climate and water commitments. reduce the footprint of our products. With the carbon footprint measurement behind
our line of plant-based meat alternative products
now established, we will be better able to support
our customers’ climate goals and maintain greater
visibility into the environmental impact of these
products.
63 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

This year, we launched

Reach4Reduction™
- a sustainability initiative
offering an innovative,
holistic approach to
reducing methane
emissions while supporting Addressing methane emissions Developing new asphalt solutions
individual producers’ through Reach4Reduction
production goals. Helping beef and dairy producers reduce methane The deepening climate crisis requires companies across all
emissions is an important priority in our partnerships. We sectors, including the road construction industry, to redesign
are committed to working with customers as they adopt products and materials with a lower carbon footprint while
and scale sustainable practices that support the long-term maintaining or improving performance.
viability of their businesses and drive lasting change for the
future of our industry. Cargill has created a suite of Anova® Asphalt additives,
which are made from engineered vegetable oils. The
With the launch of Reach4Reduction this year, we are Anova® rejuvenator enables the use of up to 100% recycled
empowering farmers on their journey to reduce methane asphalt pavement (RAP) while providing multiple benefits
emissions directly and indirectly by improving animal for improving pavement performance, including enhanced
performance and efficiency. Direct reduction solutions durability, lower costs, and reduced energy use. The
and products, such as SilvAir™, aim to alter or inhibit the Anova® warm mix additive is used to reduce manufacturing
process of cattle’s methane production while chewing temperatures of asphalt pavement. This year, the asphalt
their cud.35 Indirect solutions include products, such as the solutions team completed a verified LCA and Environmental
feed additive Diamond V™ XPC™, that improve animal Product Declaration (EPD) for both Anova® rejuvenator
performance and health - which can lead to lower methane and warm mix additive. This provides customers with
emissions per measure of production output. validated product-specific carbon footprint values that can
be included in the carbon emissions calculators required
for many asphalt project bids and tenders, especially in the
U.K., Europe, and the U.S. These calculators demonstrate
that by increasing RAP by 20%, our customers can save
10% or more on the total GHG emissions of their
asphalt mix.
35
Product availability and approved claims vary by region. Specific feeds that reduce
methane emissions are not available in the United States.
64 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Expanding WASH access

to Indonesian cocoa and
palm communities
For many communities in Indonesia, water
sources are distant, contaminated, and too
costly to maintain.

This year, Cargill completed a three-year initiative with CARE

to improve sanitation and food safety in 10 schools across the
Indonesian districts of Serang and Bone. Together, Cargill and
CARE built new, safe, and private toilet facilities at 10 schools and
trained a WASH committee at each school on how to properly
maintain them, reaching more than 3,500 people directly and
almost 14,000 indirectly.

Through the development of a virtual instruction manual and

nutrition and hand-washing trainings for more than 150 elementary
school students, Cargill and CARE contributed to a three-fold
reduction in student absenteeism due to diarrhea. The program also
included education for local government authorities and manuals
on how to build and maintain WASH facilities. As a result of the
program, the Serang government invested $650,000 to replicate
it in an additional 80 schools, demonstrating how these programs
can advocate for broader systemic change and local ownership.

As a result of the program, the Serang

government invested $650,000 to
replicate it in an additional 80 schools,
demonstrating how these programs can
advocate for broader systemic change and
local ownership.

All photos credit: CARE

65 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Volunteering around
the globe
Employee volunteers are at the helm of
480 local Cargill Cares Councils around
the world, which provide support for local
nonprofits and civic programs. These
organizations represent a wide range
of causes important to Cargill and our
employees, such as hunger relief, disaster
relief, school and youth programs, and
environmental projects. Along with donations
and investments made by Cargill businesses
Celebrating 50 years of giving back and local facilities, members of the Cargill
in Brazil Cares Councils contribute their time to
volunteer initiatives that make a tangible
This year, we celebrated the 50th anniversary of the Cargill
impact where we live and work.
Foundation in Brazil. Over the past five decades, the
foundation has contributed to the social transformation
Cargill employees also actively participate
of Brazil by supporting initiatives that promote inclusion,
in skills-based volunteer programs, such as
equity, and innovation. Since its establishment, the
4 Access Partners (4AP), an organization
foundation has grown its impact by engaging more than
dedicated to ensuring that entrepreneurs
1,400 volunteers, supported by 101 local Cargill Cares
in the food manufacturing industry have
Councils with a presence in 19 Brazilian states and the
the expertise, training, capital, and scale
Federal District. Today, the foundation leads more than
needed to succeed. This year, working with
40 active projects that directly benefit 80,000 people
our partners at the Northside Economic
every year.
Opportunity Network (NEON) in Minneapolis,
Cargill employees provided more than
100 hours of skills-based training to
“ All around the world, Cargill employees can underrepresented food entrepreneurs
be counted on to share their expertise and through the 4AP program.
serve their local communities. We’re proud of
the leadership of our Cargill Cares Councils
and their work organizing volunteers to make
a positive impact in their communities.”

Michelle Grogg
Vice President, Corporate Responsibility, Cargill
66 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Investing in education in Vietnam Improving children’s nutrition Spearheading digital connectivity

Cargill invests in educational opportunities in our in Mexico in Argentina
communities around the world. In Vietnam, Cargill has Three years ago, Cargill, in collaboration with the Inspired by one of our IT team members in Argentina,
been pursuing a unique school-building program for association Nutre a un Niño A.C., initiated a community Cargill worked with NANUM Project, led by Fundación
underserved communities since 1996. To date, we have project in the Mexican state of Veracruz to improve Gran Chaco, to develop the infrastructure to bring internet
built 111 schools across 53 of the 63 provinces in the children’s health and nutrition. Through a holistic care connectivity to isolated communities in the Gran Chaco
country – allowing us to serve around 17,000 children model implemented with 30 families from the community area. The collaboration enabled the implementation of
per year. of Villa Hermosa, Municipality of La Perla, the project infrastructure between towers, cabling, and equipment to
tracked the diagnosis and timely follow-up of each child build out a network that reached 19 rural communities in
After completing the 100th school in 2020, Cargill set under the age of six who participated in the program. the territory. Of the approximately 3,000 people who have
a new milestone to construct 50 additional educational benefited, almost a quarter are from indigenous groups
facilities to reach a goal of 150 schools in the country The intervention included programs in family health who support livestock and agricultural production. The
by 2030. In working towards this goal, we will continue education, environmental health, and community digital network will facilitate communication between
to serve the need for better school facilities across rural participation. The program’s impact included the organizations, open new markets, and provide access
communities in Vietnam. This year, Cargill was honored distribution of more than 400 nutritional packages per to information on rights that would strengthen their
with Vietnam’s Top 50 Corporate Sustainability Awards year to 36 children, who all received access to medical community.
2023, voted by Nhip Cau Dau Tu magazine, in recognition care and additional dietary supplements. Forty-seven
of the school-building program. percent of infants who were below their height at the
beginning of the program recovered their height according “ After eight months of work, video calls,
to their age, and 28% of infants who presented iron emails, and site preparation, we visited two of
deficiency anemia recovered. those sites where two of the antennas that we
dream of so much were already installed. I feel
lucky for every show of affection, for every
smile, for every hug.”

María Laura Tomé

Cargill IT team member in Argentina
67 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Sustainable Each supply chain is unique, and Cargill leverages

our size, expertise, and supply chain capabilities in a

Supply variety of ways to create a more sustainable, food-

secure future. The following chapters provide a deep

Chains
dive into the sustainability initiatives of several critical
supply chains.
68 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Aqua
Nutrition
69 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Combining strengths for

Table of
of a new blue financing model, the Fisheries
greater impact Improvement Fund. This is a crucial step. To

contents At Cargill Aqua Nutrition, we find ourselves at

reduce supply chain volatility, mitigate supply
risk and enhance business value across the
the center of our industry’s value chain, interacting sector, the industry must support sourcing from
70 Supply chain overview every day with numerous stakeholders. We know sustainable fisheries through active engagement.
their challenges, and we understand we are
Additionally, we are expanding our range of
73 Focus areas in a unique position to help them work more
profitably and reduce their social and next-generation feeds and technologies that help
environmental impacts. increase yields while minimizing environmental
78 Programs and partnerships impacts. We’re extensively using alternative
Our impact on sustainability topics is much ingredients like insect meal and algae oil, for
greater when we design our programs with our instance, as well as using packaging that keeps
About this chapter
We report the progress of our Aqua Nutrition partners at the forefront. Working together, we can many tonnes of plastic out of the environment.
business on a calendar-year basis. The data in this combine their strengths with Cargill’s technical
know-how, market insights and global reach, In a world that is increasingly hungry for protein,
report cover our sustainability performance from
and devise the sustainable practices and aquaculture products must be a growing, healthy
1 January 2022 to 31 December 2022.
products the global market desires. and sustainable part of the solution. With the help
of our partners, we know that we are getting there.
One example of that principle is our signature
SeaFurther Sustainability™ program. Aiming I am delighted to invite you to read about
to help reduce carbon emissions from salmon our progress. Thank you!
farming by 30% by 2030, we work with salmon
farmers as well as ingredient suppliers to reduce
greenhouse gas sources embedded in the
value chain.

In a 2022 pilot, we teamed with eight United King-

dom crop farms to pilot a 1,000 tonne reduction
through using regenerative agriculture practices.
Our goal is to sign up more farmers, get to 10,000
tonnes in avoided emissions in 2023, and scale
up further from there.

Most recently, World Wildlife Fund (WWF) and

Finance Earth announced that Cargill Aqua Helene Ziv-Douki
Nutrition and other partners are bringing their Cargill Aqua Nutrition
expertise and unique insights to the development President and Group Leader
70 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Supply chain overview

What we do

1.8
At Cargill Aqua Nutrition (CQN), we help our customers
meet the world’s growing demand for sustainably grown
fish and seafood with high-quality feeds that are tailored 40 19 ~2,000
to each species’ nutritional needs, account for variation facilities countries employees
in environments, and address specific market
requirements and ESG goals of our customers. million tonnes of feed

Cargill produces aquaculture feeds at 40 facilities. 19 2 sold in 2022

Nineteen of these facilities, across 12 countries, are
dedicated to aquafeed production and are the focus of
dedicated aqua
feed mills
technical application
centers
967,000
this report. The remaining 21 facilities are outside the tonnes produced for
scope of this report. They are primarily livestock feed
coldwater species
or premix production sites, and their total aquafeed
output accounts for less than 5% of our total aquafeed
produced. Find out more in our detailed report . 3 12 702,000
R&D innovation species groups tonnes produced for
Throughout this report, we reference cold- and
centers nourished warmwater species
warmwater mills. Coldwater mills produce feed for
salmonid species. Warmwater mills serve shrimp, tilapia,
and other species. See p. 71 for the categorization of
each of our 19 aquafeed mills.
71 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our feed mills Our species

Cargill Aqua Nutrition has 12 key species groups

Bergneset, Norway
Halsa, Norway
Floro, Norway
Shrimp Salmon Trout Tilapia
Westfield, Scotland
Surrey, Canada

Binzhou, China
Obregon, Mexico Franklinton, U.S. Zhenjiang, China Striped Bass Flounder Yellowtail Snakehea
Vijayawada, India Yangjiang, China
Guadalajara, Mexico
Rajahmundry, India DongThap, Vietnam
Petchaburi, Thailand Long An, Vietnam
Guayaquil, Ecuador
Shrimp
Shrimp Salmon
Serang, Indonesia
Salmon Trout
Trout Tilapia
Tilapia Pompano
Pompano Barramundi
Barramundi

Coronel, Chile
Striped
Striped Bass
Bass Flounder
Flounder Yellowtail
Yellowtail Snakehead
Snakehead Crab/Crayfish
Crab/Crayfish Alligator
Alligator

• Coldwater mill • Warmwater mill • Coldwater • Warmwater

Our brands
Our products embody the Cargill® offers a full range EWOS® is a longtime leading Purina® brings more than AQUAXCEL® starter feeds Liqualife,® engineered for
deep knowledge and of animal nutrition and brand in the aquaculture 100 years of experience, give young shrimp a great shrimp post-larvae, uses
expertise built over many management solutions for industry, with a well-earned providing a full program of start in life and support microencapsulation
years across Cargill, Purina producers, feed retailers reputation as a trusted feed easily digestible, high-energy farmer success with superior technology that keeps
and EWOS brands. As a and feed manufacturers. provider in all major salmon nutrition for shrimp and fish. nutrition and modern nutrients intact until
trusted supplier to the Our global reach allows us farming regions, as well as extrusion technology. consumed. It increases
international aquaculture to source the ingredients in Vietnam with feed for feed availability and nutrient
industry, we provide needed for high-quality tropical fish species. delivery while reducing
producers with distinctive, aquafeed. Our feed water quality impacts.
proven products and formulation and mill
services that drive management systems
productivity, sustainability are recognized as the
and business growth. best in the industry.
72 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Making a positive impact from the center of the value chain

Aquaculture byproducts

Wild fisheries products

& byproducts
Marine ingredients
Retail &
grocery stores
Insects
Algae
Others
Consumers
Novel ingredients Cargill Aquaculture Processors
Aqua Nutrition farmers

Crop products & byproducts

Land animal byproducts Foodservice

Terrestrial ingredients

Helping suppliers work more Helping customers grow their brands

efficiently, sustainably and profitably and achieve their sustainability goals

Cargill Aqua Nutrition sources upstream ingredients, transforms them into nutrient-rich feed Backed by our decades of experience and Cargill’s technical and market expertise,
for global aquaculture production, and delivers it to our downstream farming customers, we are uniquely positioned to connect supply and demand, facilitate the exchange
who produce the seafood that nourishes people around the world. of best practices and information, and help our partners up and down the value chain
work profitably while producing more food and using fewer resources.
Thanks to the scale of our operations and our central position in the supply chain,
we can impact the food system positively in all directions.
73 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Focus areas
Making progress that counts

Sustainability is a journey. Every day, we drive steady progress in the three core areas for our Aqua Nutrition business: product,
people, and planet. Whether it’s promoting the circular economy in our feeds, increasing the number of women in our leadership,
or bringing down our greenhouse gas emissions, we’re always working to do better.

Product People Planet

1.67 million tonnes of feed 2,000+ employees in 19 countries 10.1% reduction in total energy
produced in 2022 use for coldwater feeds
1/3 of our managers are women
Reused fish byproducts make 11.8% reduction in
up 59.7% of marine ingredients absolute Scope 1 & 2 GHG
100% of senior leadership
in our warmwater feeds, and 36.1% coldwater feed emissions
hired from local communities
of marine ingredients in
our coldwater feeds
1,000 tonnes of carbon saved
using regenerative agriculture
33.4% sourcing from Fishery
Improvement Projects
Our 2023 goal: 10,000 tonnes of
carbon saved
74 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Product Driving responsible

reductions in packaging
Optimizing our Cargill Aqua Nutrition is working toward the

raw material use

systematic reduction of packaging waste. We are
reviewing our packaging practices and taking initiatives
to reduce, reuse and recycle our packaging materials.
Whether it’s using byproduct ingredients
We mainly use plastic in packaging for finished goods.
or steadily reducing the use of ingredients
We can collect a limited amount from our customers for
with higher environmental impacts — recycling. Due to risk of contamination, it is not good
we’re always working to achieve practice to use this packaging.
maximal efficiency for our customers
with minimal resource use.
Promoting fish health We have started using bags that contain 15% less
to lower aquaculture’s plastic in Vietnam. These bags, used for our Nurcare and
Aquaxcel brands, will keep tens of tonnes of plastic waste
environmental footprint
We are committed to reducing food systems waste
and reusing byproducts. In 2022, our warmwater feeds and thousands of tonnes of carbon out of the environment
contained 68% ingredients from co-products. Co-products over the next few years. Each bag contains 15% less
made up 49% of our coldwater feeds. Compared to 2021, plastic. The move will save 72 tonnes of plastic in 2023 and
Keeping farmed fish and shrimp stocks healthy
our use of fish trimmings for oil and meal increased to 144 tonnes per year by 2030. And because making plastic
lowers environmental impacts. Helping as many
60% (up 6.5%) for oil and 36% (up 0.2%) for meal in 2022. bags takes energy, we’ll contribute to prevent 2,500 tonnes
animals as possible reach harvest preserves resources
These shifts happened against the backdrop of the Ukraine of GHG emissions from all Cargill feed bags in Vietnam. We
and drives sustainable growth for our customers and their
conflict, which caused a sharp rise in raw material prices. will continue to bring our plastic use down through similar
communities. Cargill supports fish health and welfare with
initiatives for other brands and markets.
We are steadily working to increase our engagement functional feeds that support animals’ immune systems
with Fishery Improvement Projects (FIPs), our mechanism and deliver medication as necessary.
to mitigate fisheries’ impacts and build more sustainable
marine ingredient supply chains. In 2022, functional feed sales reached their highest
level since 2017. Functional feeds aim to keep the fish
We are at the forefront of innovation in sustainable healthy under stressful conditions, reducing the need for
terrestrial raw materials. Through our SeaFurther™ medication which is used if the fish become sick. At the
Sustainability program, we are pioneering the use of same time, antiparasitic and antibiotic feed sales fell
regenerative agriculture practices in raw materials for global significantly across the board (by 43% and 71%
aquaculture. Pilot programs started in recent years have respectively since 2017), except for Scotland. No
yielded positive results and are being scaled up as of 2023 antibiotic feeds were used by our customers in Norway.
(p. 79).
We use antibiotics only on an as-needed basis.
Antibiotics are only added to our feeds on demand from
customers with a prescription for the treatment.
75 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our raw materials and their origins

Global feeds composition Single-cell
proteins
Fishmeal Fishmeal Fish oil Fish oil Veg proteins Soy Veg oils (not soy, Animal Carbohydrates
(forage) (trimmings) (forage) (trimmings) (not soy) proteins palm or algae) Soy oil byproducts & binders

Coldwater feeds

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Warmwater feeds

Fishmeal Fish oil Veg proteins Soy proteins Veg oils (not soy, Palm oil Carbohydrates
(trimmings) (trimmings) (not soy) palm or algae) & binders
Fishmeal Fish oil Soy oil Animal byproducts
(forage) (forage)

Origins of marine materials Origins of terrestrial materials

Country of origin: 2022 terrestrial raw materials
Percent of total
0.00% 13.77%

18 27 49.30% 18

67 5.40% 21 0.31%
37 0.74% 611.04%

77 5.50% 31 5.11% 34 2.26%

71 0.55%
51 5.17%

87 21.72% 47
41 0.40% 81
81 57 1.00%
58
48 0.15%
88 88

Not definable* 1.34% FAO Major Fishing Areas  Percent of total

0.00% 13.77%
*Country of origin is known, but as many countries transgress multiple fishing areas, the Major Fishing Area is not always defined.
76 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

People
Creating equitable
workplaces for our
people in our aqua
nutrition business
We offer our employees a safe, supportive working
environment. We believe our purpose begins with our people.
They deliver the quality goods and services our customers
expect, and help us advance our sustainability goals.

2022 marked another year of progress toward gender

parity. Women representation in our overall workforce, in
management and administration, and in senior management
increased significantly. The number of women on our global
aqua leadership team (4 of 11) remained unchanged.

We have seen a significant increase in the number of

women in our North Sea Supply Chain team, defying
stereotypes about logistics-oriented businesses.
20.2% 100%
of our employees are women of senior leadership hired
All of our leadership hires in 2022 came from local from local communities
communities. There were no instances of child labor
reported. We are working to have all of our suppliers sign
30.4%
our Supplier Code of Conduct, which addresses child
labor. Ethics and anti-corruption training was completed of our management and 67%
by 78.8% of our employees. administration team are women women in North Sea Supply
Chain team
36.4%
of our global aqua leadership
team are women
77 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Planet Our impact should be understood Responsible Soy, and organic certifications for soy and
palm ingredients.
holistically.
We seek assurances at the factory and ingredient levels. • In 2022, 91% of our marine ingredients for coldwater
Our certifications cover both our marine and terrestrial raw feeds were certified or classified as improving in a

Reducing our materials, along with our processes and partnerships. We

are actively engaging with NGOs, governments, academic
recognized FIP, down slightly from 2021. We saw
improvement in our warmwater feeds, with uncertified
carbon emissions institutions, technical partners and other companies to build ingredients down to 33% of the total, compared to 40%
in 2021. To increase the amount of certified sustainable
and embracing
a thriving, sustainable global aquaculture sector.
marine ingredients available for our feeds, we are
increasing our work with FIPs.
accountability Standards, certifications and assurances

• Where appropriate, we apply International Organization • We have been supplying our customers with feed that
for Standardization (ISO) standards for quality, complies with the ASC Farm Standards since their launch
environmental and food safety management, as well as for salmon, shrimp, and yellowtail. With the launch of the
Best Aquaculture Practices (BAP), Global G.A.P., and ASC Feed Standard in January 2023, our factory and
organic standards for industry-specific assurances as sourcing teams are working to be ready for audits as
required by our markets. soon as they can occur. We will start with our coldwater
factories, and our warmwater factories will follow
• At the ingredient level, we prefer Marine Stewardship according to customer demand.
Council (MSC) and MarinTrust certifications for
marine ingredients and ProTerra, the Roundtable for

Managing our • Energy use in coldwater feed production continues

to decrease compared to 2017. This is true for energy
average Scope 3 footprint of 1.96 tCO2e/t feed,
compared to 2.54 tCO2e/t in 2017. We do not claim

climate impact used per tonne of feed produced and in total. It has
enabled a 10.1% reduction in Scope 1 & 2 emissions,
this as an emissions reduction, but rather a reflection of
better data calculations from our supply chain. We will
• Cargill Aqua Nutrition has been reporting on climate ahead of Cargill’s corporate 2025 goal. seek to recalculate our 2017 baseline based on these
metrics and water usage since 2017. During this improved data sets.
time, we have improved our supplier data and made • We have stabilized warmwater feed energy use per
some emissions reductions in our own operations. This tonne, as well as Scope 1 & 2 emissions. However, • The SeaFurther initiative will be our focus for
gives us a strong baseline to drive real GHG reductions there was still a large increase since 2017. This has reducing Scope 3 emissions going forward. We also
throughout our value chains. mainly been driven by significant process changes that aim to get Scope 3 data on warmwater feeds for 2023,
led to higher energy use and emissions. Our teams are and report on those results next year.
• To date, our focus for emissions management has working to identify solutions.
been on coldwater feeds. This reflects the challenges of • Water use in our factories has slowly increased
building up the data across complex supply chains. We • So far, Scope 3 emissions have only been calculated over time since 2017. This has mainly occurred in
are now in a position to reduce those emissions, while we for coldwater feeds. We have been developing our warmwater feed factories, but since 2022 also in
start to improve our data for warmwater feeds. supplier data for several years. Based on the best coldwater factories. We are focusing our efforts on
supplier database available for 2022, we report an enabling a water-positive impact in our operations.
78 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Programs and partnerships

Driving change across the value chain

What makes Cargill unique is our

combination of global scale, technical
expertise and more than 150 years of
experience in many different supply
chains. Whether it’s supporting our
suppliers with best practices, helping
farmers produce the sustainable fish
and seafood the market demands, or
building coalitions with NGOs and
industry associations—at Cargill Aqua
Nutrition, we feel equally at home with
all our partners and stakeholders. It’s
what allows us to make a positive
impact across the value chain: upstream,
downstream and in our own operations.
79 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

SeaFurther SeaFurther’s
Regenerative
agriculture pilot saves
Sustainability three pillars
Source
1,000 tonnes of carbon
In 2022, we tested the concept of reducing feed emissions
through regenerative agriculture practices. Our pilot

Scaling up early wins

We work with our suppliers to develop and design program with eight U.K. farms, representing 1,500 hectares
our feed to minimize its carbon footprint while of rapeseed and wheat fields, achieved a 1,000-tonne
with an eye on 2030 delivering optimized nutrition. carbon reduction. In 2023, we aim to expand the program,
sign up more farmers and save 10,000 tonnes of carbon,
Optimize while supporting the farmers’ profitability.
Our goal: Help salmon farmers chart a We work with our customers to reduce energy
path to lower emissions, with a program use in feed production and farming, streamline Regenerative agriculture aims to restore the soil’s health and
aiming to reduce their carbon emissions transportation and logistics, and tailor our feeds resilience, using techniques like low- or no-tilling, planting
by at least 30% by 2030. to the fish and environments for which they cover crops to prevent runoff and oxidation, crop diversity,
are destined. and pollinator strips. As a result, the soil can sequester more
Learn more  carbon, instead of being a source of emissions. Reducing
Care the carbon footprint of crops grown in it. Healthy soil also
Feed and its use on farms can account for up to 90% of holds more water, which makes it drought-resilient and
We develop fish nutrition that promotes and
farmed salmon’s carbon footprint. Applying our leverage as supports more biodiversity, both above and below ground.
enhances the health and welfare of farmed fish,
a leading global feed producer, we created SeaFurther™
keeping them healthier and growing more efficiently.
Sustainability, our signature program for the sector. Taking Scaling up the regenerative agriculture approach is also key
advantage of our long-term expertise, wide-ranging network to lowering the aquaculture sector’s overall carbon footprint,
and privileged position at the heart of the value chain, our said Dave Robb, Cargill’s Program Lead for SeaFurther
aim is to build a collaborative aquaculture supply chain that Sustainability. “This is a practice we believe in as a key part
supports our customers in their sustainability goals. of decarbonization of aquaculture value chains. The point
now is to build longer-term relationships with suppliers and
Launched in 2021, SeaFurther takes a systematic approach customers and expand our network, so that together, we
to decarbonization. Making vital connections between can generate more benefits at scale along the value chain.”
suppliers and customers, and adding our own market
insights and technical expertise, we work with our partners
to track greenhouse gas emissions per kilogram of harvested
Our goal for 2023:

Save10,000
fish, identify carbon “hotspots” and find ways to reduce or
eliminate them.

2022 was a pivotal year for the program. We piloted

SeaFurther with customers in Norway, Scotland and Chile,
tonnes of GHG
collaborating closely to come up with a tailored approach to
fit the needs of each company.
80 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Kames Fish Farming:

Reducing aquaculture’s carbon footprint
Producing more, Although most carbon emissions from farmed fish and emissions hotspots. The example below shows
emitting less seafood stem from the raw materials mix, several other reductions achieved by one of our SeaFurther pilot
factors can be addressed to reduce its carbon footprint. customers in their 2022 production.
Located in Kilmelford, Scotland, Kames Fish Farming,
Improved reporting can help identify and remedy
Ltd. is known for its omega-3-rich steelhead trout.
The 50-year-old family business was one of the first
two companies to pilot Cargill’s SeaFurther Example of harvested fish emissions
Sustainability program.
2020 baseline
“We are proud to lead the way,” said Cate Cannon,
Sustainability Manager at Kames. “Carbon efficiency GHG (kg CO2e per kg fish) 0 .5 1 1.5 2 2.5 3 3.5 4
will only be fully achieved if we work together across the
whole supply chain, so it’s fantastic that this initiative— 2022 footprint • Raw material mix • Health, welfare and


and open communication—are happening rapidly and mortalities impact

• Factory energy use
at scale.”
• Transport to farm • On-farm energy
% change -20 00 -12 -8 -2
After compiling a comprehensive carbon footprint • Feed conversion rate
inventory together, we identified raw materials for feed Source: SeaFurther pilot with Kames Fish Farming Ltd.

conversions (the amount of feed required to grow the

fish) and energy use on the farm as hotspots that were
ripe for action. In the first year, Kames focused on energy

3.3%
use, optimizing boat use on the farm and reducing diesel
emissions. Along with improving feed conversion rates,
“This is not a one-solution-fits-all program,
it was a choice that, in a year with high fuel costs, would but more of a personalized journey plan with a
make an immediate financial impact. thoughtful and conscientious team providing reduction in GHG emissions
tailored guidance. They while production increased by
Working through SeaFurther, Kames saw a 3.3%
reduction in absolute greenhouse gas emissions (GHG)
in 2021-22, despite a 60% production increase
have helped us make a
substantial difference
in our emissions
60%
compared to 2020.
without impacting our
overall business.”
As a next step, Cargill and Kames are working to
Cate Cannon Sustainability
identify suppliers in Kames’ supply chain who can start
Manager at Kames
working with regenerative- agriculture-based feed sources,
so that we can make a five-year plan for reductions.
81 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

New feeds
to deliver
lower
footprint
In the past, marine ingredients—like fishmeal and fish oil
derived from wild-caught fish—were a big component of
aquaculture feed. But as the industry grows, aquaculture
will need more than the finite supply of marine ingredients
to produce enough seafood. For algal oils, we work with the major suppliers to the
aquaculture sector and our customers to find ways to “A contract of this size and scope for insect
include these supplies of long-chain omega-3 fatty acids
Cargill is helping supplement those marine ingredients ingredients in aquafeed is a first in our industry
with novel inputs like insects and algae oil. Why? Those in our aquafeeds, helping to reduce the reliance on fish oil
and increasing the omega-3 content in harvested farmed
and marks a major milestone in favour of more
alternatives offer essential nutrients without further
fish. In early 2022, we committed to incorporating algal oil sustainable and efficient animal feed, thanks to
impacting ocean ecosystems.
in all our Norwegian feeds effective almost immediately. novel ingredients and insects, more specifically.”
Take, for example, the recent expansion of our This gave a clear signal of our commitments to this Clément Ray

partnership with Innovafeed , a growing producer of ingredient, which is important to our suppliers and our Innovafeed’s co-founder and CEO

insect meal. This increases the options we can offer customers to develop the markets.
customers across novel ingredients and sustainable
feeds. Through this collaboration, Innovafeed continues We are continuing to work further with our customers
to produce insect meals for salmon feeds, and we and their customers to build the market signal for greater
are able to add more of their products to our feeds. novel ingredient use, encouraging increased production
Beyond being a high-quality feed offering, Innovafeed’s and expanding availability. With a combination of
insect meal can save up to 16,000 tons of CO2e for conventional and novel ingredients, we will grow our raw
every 10,000 tons of insect protein, depending on the material basket sustainably, to support the continued
composition of the feed. Our long-term commitment to growth of sustainable aquaculture globally.
this partnership has enabled Innovafeed to invest and
scale up its production, which will further enable us to
incorporate even greater volumes going forward.
 82 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Fishery
Improvement
Projects
Promoting ocean
stewardship
We are on a journey to source our marine ingredients ingredients for our coldwater feeds were from certified or Each FIP is different, but what they all have in common
produced from wild-caught fish from fisheries that are improver program sources. At the same time, 32.7% of is collaboration. Working with NGOs including the
third-party certified as responsibly or sustainably man- the marine ingredients for our warmwater feeds were not Sustainable Fisheries Partnership (SFP) and the World
aged. This is important because according to the Food certified. The latter is a significant improvement over 2021, Wildlife Fund (WWF), local government agencies, industry
and Agriculture Organization (FAO), the world is close to but a wide margin for progress remains. associations, and often even retailers and our competitors,
its maximum sustainable wild-caught fish production. we create tailored solutions to suit the environmental
As it stands today, 35% of the world’s fisheries are But we don’t just want to improve our own supply chain. and socio-economic needs of places as diverse as Peru,
overexploited and many others are at their maximum Our ambition is to use our leverage as a large global feed Mauritania, and Thailand. In each case, we convene
sustainable limits.36 producer to improve ocean health overall, and to support stakeholders, analyze the baseline situation, formulate
the sustainable growth of the aquaculture industry. To remedial actions, and create timebound pathways toward
At Cargill, we help protect wild fish stocks. We do this achieve that goal, we must engage fisheries that are not sustainable operations and, ultimately, certification.
by substituting marine ingredients with terrestrial ones, by yet sustainable. We do this by directly supporting credible
prioritizing trimmings and byproduct material over Fishery Improvement Projects (FIPs) around the world.
whole forage fish material as much as possible, and by “The support-not-avoid approach is something
maximizing the proportion of responsibly produced By working with FIPs, we help our customers produce we take seriously. By actively engaging fisheries
marine ingredients certified by organizations such as the sustainable products the market demands, while also
in credible improvement programs, we’re
MarinTrust and Marine Stewardship Council (MSC). helping drive progress for the fisheries sector as a whole.
FIPs reduce fisheries’ impact on ecosystems and generate
simultaneously advancing ocean health while
Over the last 20 years, we reduced our use of marine increased benefits for the local communities that rely on
securing a long-term supply of material for a
ingredients for the average global salmon feed them. Over time, FIPs can help restore fish stocks in the growing aquaculture industry.”
composition by 80%. In 2022, 41% of our total marine areas where they operate, ensuring a long-term supply of Taylor Voorhees
ingredients by volume were sourced from trimmings, as fish for food and livelihoods. CQN Sustainability Leader

opposed to forage fish. In 2022, 91.4% of the marine

36
FAO. 2022. The State of World Fisheries and Aquaculture 2022. Towards Blue Transformation. Rome, FAO. https://doi.org/10.4060/cc0461en 
83 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

FIPs we supported in 2022 and their certification goals

Northeast Atlantic
Blue whiting, pelagic trawl,
purse seine (MarinTrust)

Thailand
Multi-species,
trawl (MarinTrust)
Ecuador
Small pelagics,
purse seine (MarinTrust)

Mauritania
Peru Small pelagics,
Anchoveta, purse seine purse seine (MarinTrust)
(MSC)

Cargill joins WWF and Finance Earth in new Fisheries Improvement Fund
At the 2023 Global Seafood Expo in Barcelona, World including Skretting, Mars Incorporated, Costco experienced partners on the ground. The new fund aims
Wildlife Fund (WWF) and Finance Earth (FE) announced Wholesale, Sodexo and philanthropic partners such to spur more than $100 million in new investments by
the launch of an innovative blue finance mechanism, as the Walmart Foundation. 2030. Read more about Fisheries Improvement Fund -
known as the Fisheries Improvement Fund (FIF), to Finance Earth .
fund the implementation of FIPs. We are proud to be The FIF will combat the worldwide decline of fisheries
part of this initiative, along with other major companies by providing support for FIPs in collaboration with
84 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

How we
innovate
Maximizing performance,
minimizing environmental
Digital scanner Innovation in the field
impact
revolutionizes Micro-pellet shrimp feed keeps
water cleaner
salmon sampling
For shrimp farmers, water quality can be the difference
Driving incremental progress to create Salmon farmers need to know how their fish are performing between success and failure. The same is true for feed
sustainable aquaculture. Whether it is at during their growth process. In the past, that meant quality. Good feed not only helps shrimp grow quickly
our own R&D facilities or in the sacrificing animals for chemical analysis, which could but also helps keep the water clean.
take weeks and was costly in terms of wasted resources
field with our farmer partners and
and lost revenue. That is no longer necessary because Thanks to advanced extrusion technology, Cargill’s new
suppliers, we are always working on Cargill launched SalmoNIR, a handheld scanner designed shrimp feed comes in micro-pellets as small as 0.5
new ways to optimize our feeds, save to analyze live salmon samples for important quality millimeters in Indonesia. Made from high-quality raw
resources, and support our customers parameters, including fat content, omega 3, and color. The materials and fortified with health-boosting vitamins and
and the animals in their care. device provides two great advantages: minerals, the pellets help shrimp grow quickly and support
their immune systems—especially in the crucial early
• Samples can be taken from live fish, which reduces the development stages when mortality is high.
need for sacrifice and preserves biomass.
In testing alone, over
Because the pellets leach less and take longer to dissolve,

40,000 fishes • Scans provide immediate answers about conditions

in the cages, enabling farmers to track fish quality in real-
it is easier to control—and reduce—the amount of feed
delivered to ponds. This, in turn, means cleaner water,
and almost time. This raises efficiency and saves resources. less need for water treatment, healthier shrimp, and

400 tonnes Developed by the Cargill Innovation Center in Dirdal, Norway,

more revenue.

of GHG emissions SalmoNIR can contribute greatly to fish health, revenue and
lowering a farm’s environmental footprint. In testing, we
have been saved in live salmon sampling took more than 40,000 samples of live salmon, representing
approximately 140 tonnes in wet weight. Preserving these
animals saved almost 400 tonnes of GHG emissions.
85 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Sustainable solutions result, we saw excellent production results along with

minimal impacts on water quality.
feed. The raw materials were carefully selected to ensure
good, safe and sustainable nutrition, so that smolts are

for land-based salmon Lessons learned from our collaboration with Salmon
robust and ready to perform well when transferred to sea.

As the demand for seafood increases, land-based Evolution are ready to be applied at scale in the growing
aquaculture is one of the ways to ensure sustainable land-based aquaculture sector. In 2022, we also teamed
growth, and feed is a critical component. Cargill is up with another Norwegian customer, Havlandet, to pilot
expanding our tailor-made, sustainable feed options for the same approach with cod, trialing several varieties of
land-based salmon production. our feed products. Initial results were promising.

Working with Norwegian farming company Salmon Another new feed, EWOS CLEAR,™ is formulated for
Evolution, we developed a custom-designed feed for land-based salmon hatcheries. Because water quality is
salmon grown in tanks. Based on continuous data analysis crucial during salmon’s early life stages, CLEAR was
during production, we updated our models for growth and designed to reduce pellet degradation and maximize
feed optimization for use in partially recycled water. As a nutrition, allowing growers to produce more smolt using less

Innovation inside our Driving yields and saving resources

with Essential Nitrogen
even more efficiency, increase productivity and decrease
aquaculture’s environmental footprint.

own operations Not all proteins are created equal. Some are vital to Supporting aquaculture startups
Expanding our sea sites in Dirdal growth, others are not. In many cases, the difference-maker
Since 2018, Cargill has supported HATCH Blue, the world’s
is nitrogen which is central to amino acids, the building
Oltesvik and Gråttnes, our sea sites in Dirdal, Norway, blocks of protein. Nitrogen also fills other digestive needs first accelerator program for climate-smart aquaculture
are used to run verification trials for nutritional models for aquafeed. Getting nitrogen right can mean optimizing startups. So far, Hatch has funded 39 companies, 40% of
and full-scale ingredient documentation. As we expand the nutrient balance and helping fish stay healthy and which are female led. These companies have raised more
our R&D activities, the Oltesvik site has been upgraded grow quickly. than $100 million.
from 4 to 12 cages. As a result of our increased trial
capacity, fish production is projected to increase to 1,400 Cargill Aqua Nutrition has long been at the forefront of
tonnes in fiscal year 2024 and 3,000 tonnes in fiscal year nutritional modeling and feed design. Since the 1990s, our
2025, with stocking of new fish slated for September precursor company EWOS, acquired by Cargill in 2015,
2023. Investing in increased feed efficiency reduces our used advanced data to track our products’ performance.
products’ environmental footprint because it helps Efficiency in aquafeeds not only means higher yields
farmers produce more fish with less feed. and revenue for the grower, but also growing more biomass
with less feed, which reduces resource and energy use, and
cuts down on waste and carbon emissions.

By integrating Essential Nitrogen in our formulations, we’re

creating the next generation of feeds. It’s how we drive
86 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

How we Where our most salient risks occur

The matrix below indicates where the most salient through our mills and operations (production) and to end

manage
risks from our material sustainability topics occur in our use at farming facili­ties through the fish to the ultimate
value chain, from supplies of raw materials (upstream), consumer (downstream).

Upstream Production Downstream

sustainability Business ethics

Food safety
•
•
•
•
•
•
Health and safety • • •
Cargill Aqua Nutrition Over-fishing •
has our own dedicated Deforestation •
Plant raw materials •
sustainability Human rights • •
management. Labor practices • •
Emissions to air and water • •
We are aligned with corporate strategies. Cargill Aqua Energy •
Nutrition is part of Cargill’s animal nutrition and health
enterprise. A group sustainability lead and a sustainability
Water • •
signature program lead centralize sustainability Waste • •
management. Together with sustainability staff embedded
in local and regional businesses, they collaborate on
Local communities • •
implementation with commercial teams. This structure Feed efficiencies •
allows us to address global priorities as well as local issues, Animal health •
including customer and stakeholder engagement, market
and ecosystem conditions, raw material impacts and other
Antibiotics and medicines •
relevant topics. We continue to build capacity and expand Animal husbandry and welfare •
our capabilities to address sustainability issues and
accomplish our goals.
Farmer livelihoods •
Human health and nutrition •
87 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Accountability through •W
 e work toward compliance with emerging human
rights legislation such as the UK Modern Slavery
Improvement Projects (FIPs) that are working toward
those same certifications in the Northeast Atlantic,

policy and certification Act (2015) and the Norwegian Transparency Act. Mauritania, Peru, Ecuador and Thailand. In 2023, we
joined the launch of the Finance Earth Fisheries
•O
 ur feed mills are certified to a variety of international Improvement Fund with WWF, Mars and Skretting,
It is Cargill Aqua Nutrition’s ambition
standards. We have multi-sector certifications for with the goal of generating $100 million fund for FIPs.
to have the most sustainable aquafeed
environmental management, food safety and
supply chain in the world. Among our occupational health and safety, and certifications •O
 ur terrestrial ingredients fall under Cargill’s broader
primary tools toward that goal is our tailored specifically to the seafood industry. The sustainability policies, goals and commitments on
Supplier Policy, which stipulates that majority of our feed mills are certified under the climate, land, water and people.
those who sell raw materials to us must Best Aquaculture Practices (BAP) Feed Mill Standard.
abide by our sustainability principles We are preparing for certification under the Aquaculture •A
 s demand grows for novel ingredients such as insect
Stewardship Council (ASC) Feed Standard, launched meals and algal oils, which can alleviate pressure
and have environmental and social risk
in January 2023. on fisheries and terrestrial biomes, we are forming
management procedures in place. The
partnerships to facilitate their commercialization. We
policy sets out our expectations on •F
 or our marine ingredients, we source preferentially work with our customers, research institutions,
environmental and social performance, from fisheries that are already managed responsibly. ingredients makers and retailers to shape the market
aligned with third-party standards where An increasing share of our marine ingredients is certified conditions for greater novel ingredient use.
applicable. Each year, we conduct by MSC and/or MarinTrust. We also support Fishery
audits to ensure our suppliers meet
the requirements.

We use the power of certifications to

demonstrate compliance, both for our
own products and suppliers. We set the
same clear and consistent standards
internally, for our sourcing teams, and
externally, for our suppliers.
88 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Progress Full membership

through
partnerships
Global Roundtable on North Atlantic Pelagic SeaBOS 
Marine Ingredients  Advocacy Group 

Stakeholder engagement is key to any Committee representation

successful sustainability program. That’s
why, to achieve maximum global impact,
we partner with our diverse stakeholders
and often with others in the industry. We Task Force I CEO-level sponsor  Task force III leader  Sustainability Committee  Governing Body Committee 

are proud of our membership in initiatives

that bring together NGOs, governments,
academic researchers, standards holders,
and other industry members.
Social and Ethical Committee  Stakeholders Council  Feed Standard BAP Vanguard Feed
Steering Committee  and GHG Working Groups 

Associate membership and general partnership and participation

Global Salmon Initiative Ocean Disclosure Global Dialogue on Seafood Sustainable Fisheries
(GSI)  Project (ODP)  Traceability (GDST)  Partnership (SFP) 

United Nations Global Compact Millennial Salmon project 

(UNGP) 
89 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cocoa &
Chocolate
90 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

In 2012, when we launched our

Table of
Meanwhile, in parts of Ghana and Côte d’Ivoire
comprehensive sustainability where GPS polygon mapping of farms is largely

contents program, the Cargill Cocoa complete, we observed less than 0.01% gross
primary forest loss since 2014, showing that,
Promise, we hoped that path with the appropriate technologies and farmer
would take us to the top of a hill, engagement, we can leverage digital tools to help
91 Supply chain overview
where we’d look back at a job well accelerate transparency and target interventions

92 Dashboard done. Little did we know, we were for impact.

setting out to scale Mount Everest,
we were doing it without a map, We are proud of what we have achieved, but
94 Focus areas there’s much more to do. We will continue to go
and behind every ridge, we’d find
deeper, expand due diligence measures across
96 Programs and partnerships a series of new hills to climb. our sourcing regions, intensify our focus on
learning, and bringing everyone along on the
109 Assurance report It’s been a decade since those early days,
journey. We know we haven’t yet reached the
and we’ve learned an enormous amount.
top of the mountain, but working with our valued
Today, we manage a holistic program, built
partners, we now know that we have the map,
About this chapter on the understanding that the sector’s issues
the tools, and the team to get there.
This chapter refers to the crop year 2021-22 as well as are multifaceted, and that Cargill is uniquely
2022-23 up to and including June 2023. Information in positioned to connect the dots and apply
this chapter is for that time period unless otherwise noted. smart solutions.
For previous progress reports, visit our website .
Throughout this chapter, you can learn about
how we are working to close gaps and drive
positive change. As we step up our effort going
forward, two axes for action stand out: gender
and technology.

As a signatory to the U.N. Women’s

Empowerment Principles, we adopted our
cocoa-specific Gender Equity & Women’s
Empowerment Strategy . Through training and
Emiel van Dijk
financing, we are helping women increase
Managing Director
their earning power and become community
Cocoa & Chocolate Europe & West Africa
role models. As incomes go up, kids are more
likely to stay in school and households grow
more resilient.
91 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Supply chain overview

We create cocoa Our customers are chocolate, confectionery, and

manufacturers across the globe.
Our operations span five continents. We directly source,
trade and implement the Cargill Cocoa Promise  in Brazil,

and chocolate Our products include cocoa powder, cocoa butter, and
Cameroon, Côte d’Ivoire, Ecuador, Ghana and Indonesia.

products to meet cocoa liquor as well as chocolate, coatings, and derivatives

for cosmetics and personal care products.
the global market’s
growing demand for
quality, innovation, 43
years of experience in
64
locations across
31
processing plants
transparency, and cocoa and chocolate the globe

sustainability.
6
origins from which we
4,700
employees
source cocoa directly

Creating delight:
The journey from
bean to bar Farmers Farmer organiza-
tions
and/or middlemen
Warehouse Processing Shipping Destination Warehouse Factory

How we make our products Cocoa powder

Cocoa liquor
Cocoa butter

Consumer Retailer Consumer Transport to Press Grind

goods chocolate
Chocolate
company
92 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Dashboard

Each year, we report on our sustainability progress. We We work with an external assurance provider, KPMG, to The assured datapoints in the chapter are listed below:
have been reporting on this for several years, in accordance provide limited assurance on the selected sustainability
with our theory of change . In the sections following this KPIs in the table below. KPMG’s assurance report is
dashboard (“Programs and partnerships”), we detail the included on pages 109-110.
efforts we made toward achieving these goals.

Sustainability Assured KPIs Definition Scope of assurance: country of origin

goals
Côte d’Ivoire Ghana Cameroon
2021-22 2022-23 2021-22 2022-23 2021-22 2022-23

1. # of farmers supported through The number of farmers that are sustainability 107,572 127,595 25,818 32,582 38,055 40,237
Cargill Cocoa Promise activities37 certified and take part in at least one Cargill Cocoa
Promise activity, such as training or coaching.

2. # of farmer organizations, districts, The number of farmer organizations in Ivory 131 147 10 13 12 12
and buying stations in Cargill Coast, districts in Ghana, and buying stations in
Cocoa Promise Cameroon defined as organized associations of
farmers in CCP.

3. # and % of farmers coached38 The number and percentage of farmers that 75,921 94,993 11,720 1,635 12,559 17,425
Farmer received one-on-one coaching on Good 71% 20% 45% 5% 33% 43%
livelihoods Agricultural Practices (GAPs).

4. # and % of farmers GAP The number and percentage of farmers that are 5,315 10,011 7,180 761 4,492 5,410
compliant39 successfully implementing the Pruning GAP, as 7% 39% 61% 47% 36% 31%
well as 3 out of the other 4 GAPs.

5. Average yields40 Amount of cocoa beans produced per area, an 574 742 547 715 695 715
indicator of productivity of a cocoa farm.

(continued)

37 Certified/verified farmers are considered farmers that are in various stages of the sustainability certification/verification cycle of Rainforest Alliance, Fairtrade or Promise Cocoa Verified: Cargill’s independent verification
scheme.
38 % farmers coached in Ghana for CY22/23 is lower because coaching started later in the year, and this was the figure at time of assurance. It is expected to reach YoY consistent figures during the full implementation cycle.
39 All indicators involved in the GAP compliant show an enhancement in Côte d’Ivoire for the current crop year (22/23). There is a significant difference in the pruning and the pest & disease GAPs. This explains the large
increase between CY21/22 and CY22/23 numbers.
40 Yield calculation relies on what farmers report as cocoa production of prior year (for 22/23 farmers reply with 20/21 production).
93 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Sustainability Assured KPIs Definition Scope of assurance: country of origin

goals
Côte d’Ivoire Ghana Cameroon
2021-22 2022-23 2021-22 2022-23 2021-22 2022-23

Farmer 6. % of farmers using crop The percentage of coached farmers that have 75% 73% 62% 67% 94% 95%
protection reported to use either fungicide or insecticide.
livelihoods
7. % of farmers reporting to do The percentage of coached farmers that have 9% 16% 11% 22% 3% 10%
composting and applying it reported to apply compost on their farms.
on farms

Community 8. # of farmers monitored through The number of households that received a 24,835 55,475 9,235 21,557 6,843 6,792
Child Labor Monitoring and CLMRS monitoring visit.
wellbeing Remediation Systems (CLMRS)

Protect 9. # of farms GPS/polygon mapped The number of plots that have been 104,979 134,791 61,532 73,844 20,458 32,190
GPS/polygon mapped.
our planet
10. # and % of farmers GPS/polygon The number of mapped farmers that do not have 94,586 122,238 24,873 30,529 16,971 28,130
mapped duplicate polygons or polygons that overlap by at 88% 96% 96% 94% 45% 70%
least 20% with one or more polygons.
 and % of farmers that do not
# 77,179 94,000 19,176 24,780 14,792 21,234
have duplicate polygons and/or 72% 74% 74% 76% 39% 53%
>20% overlap

Consumer 11. # and % of farmers delivering The number and percentage of farmers who have 97,178 122,684 13,632 19,458 5,857 11,364
volume through first-mile delivered cocoa beans through either Cooperative 90% 96% 100% 100% 15% 28%
confidence traceability system41 Management Systems or digital first-mile traceability.

12. % of sustainable volume The percentage of Rainforest Alliance or Promise 98% 95% 100% 100% 15% 38%
in first-mile traceability Verified beans that were delivered through digital
traceability solutions such as the Cooperative
Management System in Côte d’Ivoire and the
barcode system in Ghana to trace cocoa from the
farm level to the first purchase point.

13. # and % of farmers paid The number and percentage of farmers that have 4,168 10,582 13,632 19,458 Not in Not in
via mobile banking received premium payments through a mobile 4% 8% 100% 100% scope scope
money solution.

14. % of sustainable volume sold42 The percentage of cocoa and chocolate products 49% 48% 49% 48% 49% 48%
in bean equivalent sold as sustainable (Rainforest globally globally globally globally globally globally
Alliance, Fairtrade, Promise Verified, or customers’
own programs.)

41 F
 or Ghana the % of farmers delivering volume through first-mile traceability is smaller than the farmers supported through CCP, but the percentage is still 100%. This is because we are looking only into farmers who
chose to deliver and sell volume to Cargill.
42 F
 or KPIs 1 through 13, the timeframe for assurance is Crop Year 2021-2022 as well as Crop Year 22-2023 up to and including June 2023. These KPIs refer to our direct supply chain. For KPI 14, the timeframe is
Calendar Year 2022 and Calendar Year 2023 up to and including June 2023. It covers our entire supply chain (direct and indirect).
94 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Focus areas
Delivering on our commitment to a thriving cocoa sector

Our vision Cargill Cocoa & Chocolate goals

At Cargill, we take a holistic approach to
sustainability within the cocoa sector,
recognizing that many challenges are
deeply intertwined. We are in a unique
position to help connect the dots and Farmer livelihoods Community wellbeing Protect our planet
spur progress across the value chain.
We will champion professional cocoa We will enhance the safety and We will promote environmental
We work with partners from ground level
farming practices, to strengthen the wellbeing of children and families best practices in our business
to government, advancing best practices
socio-economic resilience of cocoa in cocoa farming areas. and across our supply chain.
and deploying cutting-edge technologies
farmers and their communities.
for full transparency. Our shared goal:
a thriving cocoa sector for generations
Read more Read more Read more
to come.

Our program
Since 2012, the Cargill Cocoa Promise 
has been the cornerstone of our
sustainability approach. Our goals are Consumer confidence Transformation, together Responsible business
aligned with the UN Sustainable
We will help consumers around the We will use the power of partnerships Across our business operations and
Development Goals (SDGs) and our
world choose sustainable cocoa and to accelerate and magnify our efforts to supply chain we increase efficiency,
theory of change . Following our
chocolate products with confidence. achieve a level of sector transformation maximize safety, and minimize our
results framework , we continuously
monitor and evaluate our programs, so that that cannot be accomplished alone. environmental footprint.
we can maximize our positive impact.

Read more Read more Read more

95 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our approach

Farmer Community Protect Transformation, Consumer

livelihoods wellbeing our planet together confidence

We empower farmers who To meet specific community Cargill’s “Protect Our Planet” Farmers and farmer We seek to provide clear,
manage their farms as needs with the Cargill Cocoa strategic action plan details the organizations are our key robust, and transparent
businesses, maximizing Promise, we work with partners steps we are taking to make partners to ensure a sustainable information powered by
profitability, and growing to implement concrete solutions our supply chain deforestation- supply of cocoa well into the technology, and to partner
prosperous. We do this through related to accessing quality free. It outlines concrete actions future. Our success is linked with independent parties to
a holistic approach that goes healthcare, nutrition, and to achieve 100% cocoa bean to theirs. To create a more ensure our data is accurate and
beyond productivity to diversify education, addressing child traceability, programs to grow sustainable cocoa supply chain assured. This applies both to
farmers’ incomes and strengthen labor, and improving access to more cocoa on less land, and globally, we work with our direct supply chain, which
their resilience. economic opportunities for support for farmers to adopt a multitude of stakeholders is covered by the Cargill Cocoa
women and youth. agroforestry and conservation across the industry, using Promise and accounts for about
Read more practices. This also contributes individual strengths and half of the cocoa we source,
Read more
to reducing our supply chain abilities to drive lasting and and to our indirect supply chain.
carbon footprint in line with transformational change.
Read more
Cargill’s science-based targets
Read more
and the Paris Agreement.

Read more
96 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Programs and partnerships

Farmer
To deliver on our gourmet brand Veliche’s sustainability

At a glance promise , we collaborated with TechnoServe on the

Awalé project, supporting 1,400 women and youth in Côte

livelihoods 222,000+
d’Ivoire. The program helps build entrepreneurship skills
and has invested $40,000 in income-generating activities.
Participants’ incomes increased by an average of 56%.
Farmers reached by the Cargill Cocoa
Promise from January 2022 through Our Ghana Chillies project, which helps farmers boost
We empower cocoa farmers to grow their June 2023. their incomes by growing hot peppers, expanded from
incomes in sustainable ways. With our 1,800 to 5,000 participants. With Unilever , through its
This includes: 810 in Brazil, 40,237 in Cameroon,
partners, we help them optimize AWA by Magnum female empowerment program, and
127,595 in Côte d’Ivoire, 32,582 in Ghana and 21,041
their businesses while improving 100WEEKS , we co-funded digital cash transfers to 400
in Indonesia benefiting from training on sustainable women in Côte d’Ivoire, promoting financial literacy and
access to education and financing, agriculture, business management, and gender equity. gender equity. In Ghana and Côte d’Ivoire, we helped cocoa
and enabling women to become
cooperatives set up shared services to increase yields and
successful entrepreneurs. incomes.

Want to know more?

Key progress
• Learn how we aim to expand our reach  with the
In Côte d’Ivoire, we reached 80,000 farmers with our
long-term Farm Development Plans. To create these plans,
Learnings and next steps
Cargill Cocoa Promise  by 2030. we work with farmers through one-on-one coaching, and We will continue to partner with farmers and farmer
formulate tailored sets of recommendations to help improve organizations to expand our farm service delivery models,
• Explore the Living Income Roadmap  developed by providing producers with access to the tools and support
farm productivity and profitability, including pruning, the
our partner IDH. they need to implement Farm Development Plans, maximize
smart use of inputs, and other best practices.
profitability, and sustainably increase their incomes.
• Backgrounder: Why closing gender gaps is crucial to
closing income gaps  In Cote d’Ivoire, we helped our customer Nestlé expand
its Income Accelerator Program , which delivers Through a new strategic collaboration with IDH The
mobile cash payments to help cocoa farming families Sustainable Trade Initiative , we will determine the most
Farmers deemed to be benefiting from the Cargill Cocoa Promise are close the living income gap and reduce child labor risks by effective methods to close the living income gap across the
sustainable-certified and participate in Cargill Cocoa Promise activities. Cargill Cocoa Promise network and use that information to
Our impact measurement is not limited to farmers in our direct supply encouraging changes in behavior and rewarding positive
chain. Although farmers are not obligated to sell their cocoa to Cargill practices. Participants are rewarded for keeping kids in help customers contribute to closing this gap.
they can always participate in Cargill Cocoa Promise activities. We
school, and receive support to adopt GAPs and participate
also cover our indirect supply chain in our impact measurement.
in additional income-generating activities.
97 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

244,000 CCP farmers using crop protection

(100%) 222,300
(100%) Côte d’Ivoire Ghana Cameroon
2020 193,000
2022 - June 2023 18,769 1,096 16,611
(100%) 2022
2021 (73%) (67%) (95%)
2021 2023
125,000 2021-2022 57,222 7,309 11,743
111,400 (75%) (62%) (94%)
2022 (up to (56%)
(58%)
June) 78,800 2020-2021 31,575 5,583 6,893
(32%) 2021 2022 (69%) (62%) (92%)

2022 2023
2020 (up to June)
2021
CCP farmers composting and applying it on farms
Côte d’Ivoire Ghana Cameroon
2022 - June 2023 4,151 353 1,683
(16%) (22%) (10%)

CCP farmers trained CCP farmers coached 2021-2022 6,978 1,323 396
(9%) (11%) (3%)
Farmer training, offered in group setting, builds Farmer coaching provides individualized support,
foundational knowledge of GAPs and key social including on-farm diagnostic surveys and tailored 2020-2021 1,812 251 12
and environmental topics. Farm Development Plans addressing key (4%) (3%) (0.2%)
improvement priorities.

When Good Agricultural

Practices are used, 742
715 715
yields increase 695
594 654 650 650
Over the years, results show that when 572 574 564 571
cocoa growers implement GAPs, they see
547
higher yields and returns. Although pro-
ductivity depends on many factors and 423* 356
practices do not change linearly, the trend 352* 295
line within the CCP network is consistent.

Average yields in kilograms of cocoa per

hectare, calculated as reported production
divided by the mapped farm size. 2020 2021 2022 2020 2021 2022 2020 2021 2022 2020 2021 2022 2020 2021 2022

* Country averages according to a study by KIT, the 2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023 2021 2022 2023
(up to June) (up to June) (up to June) (up to June) (up to June)
Dutch Royal Tropical Institute.

Côte d’Ivoire Ghana Cameroon Indonesia Brazil

98 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Community
Throughout our cocoa sourcing countries, we continue to

At a glance advance our integrated approach to child labor and

community wellbeing. To address the root causes of child

wellbeing
In 2022, we launched our Gender Equity & labor, we are combining CLMRS with preventative measures
Women’s Empowerment Strategy . The roadmap such as community development, women’s empowerment,
for implementation, set for publication in 2023, and opportunities for youth. We continue to refine our
consolidates what we have learned and accelerates current CLMRS approach by rolling out a risk-based CLMRS
our impact. At the same time, we continue our effort approach across all origins, which allows us to target tailored
Over the past decade, we have addressed remediation steps where they have the greatest impact. This
to bring water, sanitation & hygiene (WASH) and
the links between child labor and gender nutrition training to cocoa communities. approach has been in place in Cameroon since 2022.
equity in cocoa-growing communities. Implementation is underway for Côte d’Ivoire, with other
Our Child Labor Monitoring & Remediation origins to follow.
System (CLMRS) has evolved into a
holistic community well-being approach Key progress Learnings and next steps
with a strong emphasis on access to 2022 saw the successful conclusion of the Promoting a
When women can act on an equal footing with men,
education and women’s empowerment. Sustainable and Food Secure World Program (PROSPER)
become entrepreneurs, and raise their incomes, families are
II, a three-year collaboration between Cargill and CARE.
more resilient and children are more likely to stay in school.
Want to know more? In West Africa, this partnership focused on improving the
For that reason, we aim to strengthen our efforts to break
economic position of women through women-led Village
• An explainer video  from the World Cocoa Foundation inequitable gender patterns and empower women. We will
Savings & Loans Associations (VSLAs), which finance small,
lays out the challenge of child labor in the cocoa sector. continue to drive change and intensify our impact, using an
non-cocoa businesses that improve families’ resilience and
Here’s what Cargill is doing about it . integrated approach to child labor and gender equity, and
resulted in an overall 31% decrease in poverty, and a 27%
concentrating resources in high-risk areas to achieve the
reduction in food insecurity. The next phase aligns with
• Watch this video  to learn how Village Savings & Loans best results.
three change areas in the Cargill-CARE framework: access
Associations (VSLAs) bolster the economic position of
to inclusive markets, access to productive resources and
women in cocoa communities.
agency, and strategic partnerships and advocacy.

Doubling down on what works, we are expanding other

partnerships that support closing gender gaps, including
income generation and diversification activities for women.
With our partner Empow’Her and the International Finance
Corporation (IFC), we are offering financial literacy and
entrepreneurship training through the Cargill Coop Academy.
Our collaboration with LadyAgri focuses on high-potential
members of women’s groups, provides them with financing
and technology, and connects them with professional
women from Africa and elsewhere for coaching and
mentorship.
99 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Expanding CLMRS Changing lives

By June 2023, more than 93,000 farming households were
monitored through CLMRS in Côte d’Ivoire, Ghana, Camer-
with WASH
oon, Indonesia, and Brazil, up from nearly 52,000 Working with Global Water Challenge, Cargill financed and
in 2020-2021.* installed water wells in cocoa-growing communities. One
community hadn’t had access to a well since 1992.
*The proportion of farmers monitored by CLMRS increased significantly
across our sourcing sites, with most of the country results doubled
since the last report. Varying results across origins can be explained
by level of maturity of CLMRS programs and farmer turnover rate.
In total:
67,000
 e are rolling out a risk-based CLMRS approach across all origins,
W
which allows us to target tailored remediation steps where they have
the greatest impact. We will continue to expand our scope of regions
covered and improve the model where possible. We are also in the
process of aligning all origins to a shared approach consistent with
people benefiting from improved WASH
ICI guidance.

Broadening access +36

to education boreholes giving access to clean and
Empowering women,
With our partner CARE, we built six schools in Ghana, bene-
potable water inspiring men
fiting 730 students from kindergarten to junior high school. While we’re helping women grow, we’re bringing men along

+83
water committees established
and including both women and men in gender awareness
programs. The benefits are shared by all.

More communities, Understanding

greater impact We apply an integrated approach to WASH. For instance, at
one school, we installed a well that also irrigates vegetables
By June 2023 all 222,265 farmers took gender awareness
training. Furthermore, more than 50% of women reported
Our reach has grown along with our expertise. Our growing in an adjacent field. Furthermore, we built separate
improved participation in decision-making.
programs and partnerships are present in more com- sanitation spaces for girls, so they no longer have to stay
munities than ever, promoting health, nutrition home during their periods.
Financing
and gender equity.
Nearly 48,000 people in Cameroon, Côte d’Ivoire and Ghana In Crop Year 2021/2022, 1,012 Village Saving & Loan Asso-
benefited from improved WASH thanks to Cargill Currents, ciations (VSLAs) helped 17,318 women boost their incomes,
Community action plans in partnership with the Global water Challenge. This includes up from 11,359 last year
17 communities, 12 schools, and four health facilities. An
estimated 17,000 women were empowered through time
2020-2021 2021-2022 Training

613 841
savings and other project activities, and more than 28,000
people were educated on safe water and hygiene. 2,040 women received entrepreneurial training through the
Coop Academy.
100 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Protect our
We have significantly expanded the number of farmers

Progress at a glance we have trained in agroforestry and planted more than 1.4
million non-cocoa trees in 2022 alone. These extra trees

planet
sequester carbon, promote biodiversity, improve climate
resilience, and protect the cocoa trees, which grow better

1,400,000+
non-cocoa trees planted in West
in the shade. When GAPs are applied, shade trees can help
stabilize cocoa yields. Fruit- and nut-bearing varieties can
also provide additional income.
We aim to drive lasting change across the Africa in 2022.
cocoa sector. Grounded in the belief that
sustainable cocoa farming and forests can Agroforestry helps promote biodiversity, climate Learnings and
next steps
resilience, and stable yields and incomes for cocoa
and must flourish together, we pursue a
farmers. Planting shade trees also sequesters addi-
holistic approach, combining digital trace- tional carbon in above-ground biomass.
Scaling up digital mapping and monitoring will allow us to
ability tools with hands-on collaboration
focus and optimize our on-site engagement practices, and
on the ground.
offer our farmer partners the best ways to work profitably

Want to know more? Key progress and sustainably. The new CFI 2.0 action plan guides our
efforts along these lines in Côte d’Ivoire and Ghana. It will
Land use change represents 66% of CO2 emissions from serve as a model for other countries. We also continue to
• Our 2022 Cocoa & Forests Initiative (CFI) report 
our cocoa and chocolate supply chain. Based on an support emerging regulations, driving transformative action
highlights our progress in Côte d’Ivoire and Ghana, where
assessment by sustainability consultant Quantis, we on issues including deforestation, decarbonization, and
most of the world’s cocoa is grown, and presents a
developed a strategy to eliminate deforestation-related human rights.
detailed plan for future efforts.
emissions. (Learn more on p.105)
• Read our broader Protect Our Planet Strategic Action
Plan  to learn how we will help transform the cocoa We identify deforestation hot spots intersecting with our
supply chain. supply chain through the use of GPS polygon maps of
cocoa farms. Once we know farms’ exact locations and
• As public regulation increasingly drives sustainable perimeters, we can determine whether they operate on
development, the new EU Regulation on Deforestation- recently deforested lands or in proximity to still intact
Free Supply Chains (EUDR ) will be transformative for forests. Through on-site audits, we can mitigate issues and
the sector. provide farmers with tailored training, and other support for
sustainable practices.

Land rights issues are among the most prominent risk factors
for deforestation. Working with government, industry, and our
partner Meridia through the Côte d’Ivoire Land Partnership
Program (CLAP), we aim to participate in delivering more
than 10,000 land rights documents to farmers by 2024.
With their rights secured, farmers are more likely to intensify
production within property lines rather than deforest
new areas.
101 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Mapping farms to We use GPS polygon

mapping and satellite
imagery to detect and
Indonesia
2022 - June 2023 More community and
protect forests remedy deforestation.
(See next page)
94% of farmers
32,159 farms landscape-level
24,792 ha
2021-2022: restoration initiatives
2022 - June 2023: 72% 98% of farmers
2020-2021:
of farmers in our direct supply
chain have been fully GPS-
polygon-mapped.
88% of farmers
16,600+
Farmers in West Africa adopted high-intensity
agroforestry systems in 2021-2022.

Since 2017, we have reached 22,024 farmers,

based on deforestation risk at jurisdictional and
cooperative levels.

Côte d’Ivoire
2022 - June 2023
96% of farmers
134,791 farms
2.6+ million
Cameroon Trees distributed since 2017-2018. It takes
550,429 ha
2022 - June 2023
2021-2022: 70% of farmers an estimated 3.3 trees planted in a cocoa
Brazil 88% of farmers Ghana 32,190 farms agroforestry setting to sequester 1 metric
2022 - June 2023 2020-2021: 2022 - June 2023 129,462 ha ton of CO2e over a twenty-year period.
60% of farmers 77% of farmers 94% of farmers
2021-2022:
522 farms 73,844 farms
45% of farmers
15,814 ha 193,141 ha
2020-2021:
2021-2022: 2021-2022:
43% of farmers
75% of farmers 96% of farmers
2020-2021: 2020-2021:
95% of farmers 63% of farmers

•W
 e source more than 60% of our cocoa beans directly from farms Through our supplier engagement efforts, we support them in •W
 e refer with GPS polygon mapped farms to all farms of certified
or farmer groups and implement direct supply chain action within creating value, improving transparency, and building domestic farmers that have been mapped in either 2021-2022 or 2022-2023.
our direct sustainable supply chain. We install the traceability tools sustainable supply chain capacity. Farm maps reported here may include geometry issues. We found
ourselves, in partnership with farmer groups and technology service that, depending on the country, 6% - 22% of our mapped farmers
• We assess deforestation risk by overlaying farm mapping data with
providers such as Farmforce and Koltiva. have duplicate polygons or polygons that overlap by at least 20%
geospatial satellite data made available by the World Resources
with one or more other polygons. Solving these issues is among our
•F
 or indirect volumes, we rely on intermediaries. Knowing that supply Institute (WRI)’s Global Forest Watch Pro platform. We also assess
key priorities in the coming years.
chain transparency may vary, we perform due diligence to assess legality of production. Production in protected areas is primarily
risk and provide traceability information. Due to local regulatory measured using data from national governments on Protected Area • In Brazil, the number of farmers participating in the Cocoa Promise
environments, sourcing 100% of our volumes directly is not possible boundaries. Where this is not possible, we rely on IUCN and UNEP- has more than doubled since 2020-2021 (203 farms). Because our
everywhere. Furthermore, we value working with local partners. WCMC’s World Database on Protected Areas. mapping effort has much more ground to cover, the overall mapped
percentage has decreased.
102 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

GPS polygon
mapping explained
Overlaying satellite imagery with GPS polygon maps, we
1
We use geospatial data to
monitor land use change.
can detect forest cover changes on our suppliers’ farms Time-stamped satellite imagery
and in nearby forests and protected areas. Creating a GPS indicates forest cover loss.
polygon map requires walking around a farm’s perimeter

2
with a smartphone or another small GPS-equipped device.

Once we know each farm’s shape, location, and ownership,

we can engage directly with farmers to remedy existing is- This older base layer
sues or mitigate future deforestation risk. Action steps can shows previously
include training on sustainable practices like agroforestry forested and
and the correct use of inputs, solving land rights issues, non-forested areas.
and income diversification.
Forests are color-coded
dark green.
While cocoa cultivation is an important driver of deforesta-

3
tion, it is not the only factor. In many cases, deforestation is
driven by third-party wood extraction, mining, or conver-
sion for other crops, such as rubber.

Other data includes:

The extent of the protected area

The farm perimeter, as determined

by GPS polygon mapping

4
Overlaying all the data
gives us the full picture.
Forest loss over time is
color-coded. Red denotes
more recent forest cover loss.
103 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Consumer Progress at a glance

Learnings and
next steps
confidence 100%
We will complete polygon mapping globally for the Cargill
Cocoa Promise, and work with our farmer partners, NGOs
and governments to expand the use of traceability and
of our partner cooperatives in digital payment technology. At the same time, we will
Global demand for responsibly and Côte d’Ivoire have implemented support farmers in their efforts to adapt to the EUDR’s
sustainably sourced cocoa is rising. digital traceability. requirements. Combined, these measures will accelerate
Customers and consumers expect progress toward a transparent, sustainable global cocoa
supply chain.
transparency. Government regulations
are growing more ambitious. As we
expand our use of digital traceability
Key progress
technology, we are increasing our The way forward is best illustrated in Côte d’Ivoire, where we
are approaching our goal of 100% verified traceable cocoa.
Certified sustainable
capacity to provide the sustainable
products the market expects.
As of October 2022, all 147 of our partner cooperatives had
implemented digital traceability measures. As of June 2023,
cocoa volumes sold
96% of certified farmers in our Côte d’Ivoire supply chain
Want to know more? had their farms polygon-mapped, up from 88% in 2022.
• Learn what the new EU Regulation on Deforestation-Free Collaborating closely with key digital technology provider 2020-2021

49%
Supply Chains (EUDR) means for the cocoa sector . Farmforce, we expect to reach 100% before the start of
Crop Year 2023-24.
• Read this Environmental Research Letters article 
on why full farm-level traceability is a prerequisite for As a result, the cocoa delivered to our Cargill facilities as
deforestation-free cocoa. Promise Verified and Promise Rainforest Alliance in Côte
Sustainable
d’Ivoire is now digitally traceable to the farm, and digital 2021-2022

49%
• Find out how Cargill’s CocoaWise™ portal  helps our sustainability premium payments are growing rapidly.
customers access sustainability data for our supply During the 2021-22 growing season, we paid out CFA 450M
chain directly. ($750,000). Midway through the 2022-23 season, farmers
had already received CFA 850M ($1.4 million).

We are partnering with the Ivorian Conseil du Café et Cacao 2022-June 2023
to implement a national traceability and digital payment
system. In Ghana, we are supporting a traceability pilot
launching late 2023 in the Assin Fossu district. Traceability
efforts are expected to accelerate as the sector works to
48%
meet the EUDR by the end of 2024. With our NGO partners
TechnoServe and Meridia, we are supporting compliance
efforts throughout our direct and indirect supply chains.
104 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Expanding traceability throughout the supply chain

2022-June 2023

Up to farmer
organization /
first point of Up to Up to
purchase level farmer level farm level

100%
of cocoa in our direct supply chain is
75%
of farmers in our direct sustainable supply
72%
of farmers in our direct supply chain are
traceable up to the first point of purchase. chain, 165,768 in total, are delivering vol- GPS polygon mapped and monitored
For our indirect supply chain, through our ume through first-mile digital traceability for deforestation risk (see Protect our
due diligence system with suppliers, 14% systems, up from 48% in 2020-2021. planet), up from 70% in 2020-2021.
of the cocoa is traceable to the first point
of purchase, up from 10% in 2020-2021.

More mobile payments accelerate digitalization

2020-2021 2021-2022 2022-June 2023

56,700
farmers registered with mobile
66,600
farmers registered with mobile
73,400
farmers registered with mobile
banking systems (23% of total) banking systems (35% of total) banking systems (33% of total)

26,200
farmers receiving mobile premium
19,800
farmers receiving mobile premium
36,600
farmers receiving mobile premium
payments (11% of total) payments (10% of total) payments (16% of total)
105 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Responsible Progress at a glance

A climate action plan for
cocoa and chocolate
business 66%
In 2022, we worked with environmental consultancy firm
Quantis to assess Cargill’s cocoa and chocolate-related
carbon footprint. Together, we determined that 4% of our
of our carbon emissions stem from emissions are linked to our manufacturing activities (scope
In everything we do, we aim to save land use change. 1 and 2) and 96% to our supply chain (scope 3). We
valuable resources, and minimize our identified four carbon hot spots – energy use, transportation,
That’s why our climate action roadmap makes
environmental footprint. Across the supply tackling deforestation our #1 priority, in line with
dairy ingredients, and land use change from cocoa
cultivation – and formulated a plan to address them.
chain, from bean to bar, we work around Cargill’s commitment to make our agricultural supply
the clock to deliver delightful products in chains deforestation-free by 2030. This roadmap identifies 32 quantifiable actions. Taken
a safe, responsible, and sustainable way. together, we estimate that the top 10 actions can help us
reduce our emissions by more than 65%. Among these,
Want to know more?
• Go to our website  to learn more about our approach to
Honoring ethical eliminating deforestation is the most impactful action we can
take, as it remains the supply chain’s largest source

sustainability governance, ethics, and compliance. standards, every day of emissions.

• Familiarize yourself with Cargill’s CDP responses  and Cocoa & Chocolate adheres to Cargill’s corporate We will intensify our effort to end deforestation within our
our ESG scorecard. Code of Conduct  and Supplier Code of Conduct . supply chain by increasing traceability and investing in
These codes set standards for doing business around the programs to protect forests and develop agroforestry
world based on the company’s seven Guiding Principles . approaches. For further details, see the Protect our planet
and Consumer confidence sections in this chapter, as well
as our website 
106 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Decarbonizing our As production grows, processing emissions fall

facilities Processed raw product (Mt) Emissions (Mt CO2e)

Despite growth in production volumes, emissions from our 3,110,000 3,220,000

2,960,000
own locations (scope 1 and 2) have steadily fallen since
2020 (see chart). These results account for improved energy 238,000 235,000
212,000
consumption reporting due to better data gathering, and a
revision of the 2017 baseline to include facilities that were
not included previously.

Cargill is working to identify opportunities for green energy

2020 2021 2022 2020 2021 2022
use at its facilities company-wide.

Making renewable How it works

biochar to bind carbon
and boost yields
Syngas can be used as an
Cocoa bean shells have traditionally been discarded as energy source.
waste, but that is changing. Working with the U.K. Biochar
Research Centre at the University of Edinburgh and our
NGO partner PUR Projet, we have launched a pilot project Cocoa beans grow inside Cocoa shells are the Pyrolysis is a process that
to convert cocoa shells into syngas, a renewable fuel, and cocoa pods, the fruits of the byproduct of cocoa heats biomass (in this case,
cocoa tree. bean processing. cocoa shells) to more than
biochar, a carbon-sequestering fertilizer.
500°C. Because no oxygen
is present, the biomass doesn’t
Our pilot facility in Côte d’Ivoire is expected to start combust. Instead, it breaks Biochar is a carbon sink:
Biochar can be used as a soil
production by the end of 2024. The installation can create conditioner and fertilizer. It down into biochar and syngas. • Made of stable, solid carbon,
helps cocoa trees grow and it does not enter the
up to 5,000 tons of biochar per year. We will use the syngas
produce more cocoa beans, atmosphere and contribute
to make steam for our processing requirements. turning carbon from the to global warming
atmosphere into new biomass.
• It absorbs carbon from the
Pyrolysis can potentially be applied at all our cocoa This creates a renewable,
atmosphere; 1 ton of biochar
circular and regenerative cycle
processing facilities. We plan to supply the biochar to can bind 2.5 tons of CO2
for our cocoa farmers.
farmers free of charge, driving circularity, regenerative
agriculture and higher yields and incomes.
107 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Transformation Progress at a glance

Key progress
At Cargill, we use our position at the center of the supply

together
chain to bring stakeholders together and accelerate our
More than combined impact. That is especially true in the cocoa sector,

60
with its many interwoven issues facing the many tens of
thousands of smallholders across our six origin countries. In
partnerships
response, we have developed an equally tightly woven web
One of the most important things we
of partner organizations, providing hands-on expertise with
learned in the decade since we launched 26 NGOs and foundations, 5 producing governments, farm mapping, land rights, digital payments, agroforestry,
the Cargill Cocoa Promise is that issues 11 multi-stakeholder initiatives, 7 social enterprises, 4 child labor prevention, and many other issues.
facing the cocoa sector are interlinked. knowledge institutes, 5 technology providers, and 4
financial institutions.
Creating lasting, industry-wide progress The last two years saw the successful renewal of several
requires holistic solutions that connect key partnerships, for instance with CARE, Empow’Her and
the dots and benefit all people, LadyAgri (p. 98). As we move forward together, we will
continue to combine practical, cutting-edge technology with
organizations, and ecosystems involved.
time-tested relationships on the ground, making a tangible
difference for our farmer-partners and their communities.
Want to know more?
• Learn how we apply the power of partnerships to At the same time, we are involved in several industry associ-
deliver systemic change . ations and public-private partnerships, collaborating across
borders with government agencies, NGOs, customers, and
• Follow the stories on Cargill Cocoa Promise website  even our competitors to address the big issues facing the
to find out how our partnerships make a positive sector. Among the most notable example is our CFI 2.0
difference for the people and communities who Action Plan (p. 100).
grow our cocoa.

• As new E.U. sustainability regulations take effect, the

European Cocoa Association  (ECA) acts as the voice
Learnings and next steps
of the industry. Our goals remain as relevant as ever. Through new and
existing partnerships, we aim to accelerate progress
toward a truly sustainable cocoa supply chain. We will
strengthen our focus on gender equity and scale up suc-
cessful partnerships in support of food security and
living incomes. Working with our partners from the farm
level to the international forums, we will advance compli-
ance with the EUDR, which we see as a strong impetus for
sustainable cocoa.
108 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Making a difference Beyond the project charters, acronyms and abstractions

that come with the daily realities of ESG, we never forget
and worked with our farmer-partners to promote sustainable
agriculture, advanced management skills, and gender equity,

for real people that the work is about human beings and their communities.
Farmers are always the focal point of our efforts. In the
and supporting women as economic actors and community
leaders. Here are just some of the remarkable individuals we
2021-2023 period, we have steadily expanded our reach are privileged to know.

Photo credit: Sandrine Bénitah Photo credit: LadyAgri Photo credit: Unforeseen Studio

When her husband’s cocoa-buying business fell on Farmer Dorothee Messina supports a household of If there’s one thing that breaks Ouatara Shaka’s
hard times, Marie Adjehi Nanou Bla from Côte d’Ivo- 11. Starting with trainings to grow her management heart, it’s the sight of trees going down. That’s why
ire worked with her local Village Savings and Loan skills – from food safety to social entrepreneurship this Ivorian cocoa farmer became a champion of
Association (VSLA) to start her own venture, selling – she worked her way up to become a leader in her agroforestry. “I am replanting trees for my children, to
fish, chicken, and eggs. “I am completely financially local farming cooperative, representing the voice of keep living from cocoa and provide a livelihood for my
independent and I am the one who provides for all my women. “We are the heart of the Cameroon food family. Trees are our common heritage, that’s why we
family’s expenses,” she said soon after. system,” she said. must take care of them.”
109 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Assurance report of the independent auditor Materiality

To: the Executive Team of Cargill B.V.
Based on our professional judgement we determined materiality levels for each relevant part of the
Report / the sustainability indicators and for the sustainability information as a whole. When evaluating
Our conclusion our materiality levels, we have taken into account quantitative and qualitative considerations as well as
the relevance of information for both stakeholders and Cargill.
We have reviewed the selected sustainability indicators as included in the Sustainability chapter of the
Global ESG report 2023 (hereafter: ‘the Report’) of Cargill B.V. (hereafter: Cargill) at Schiphol for the
crop-years 2021-2022 and 2022-2023 (2022-2023 ending at 30th June) (hereafter: the sustainability Limitations to the scope of our review
indicators). A review is aimed at obtaining a limited level of assurance.
The sustainability indicators includes prospective information such as ambitions, strategy, plans, expec-
Based on the procedures performed nothing has come to our attention that causes us to believe that tations and estimates. Inherently the actual future results are uncertain. We do not provide any assur-
the sustainability indicators are not prepared, in all material respects, in accordance with the reporting ance on the assumptions and achievability of prospective information of the sustainability indicators.
criteria as described in the ‘Reporting criteria’ section of our report.
References to external sources or websites related to the sustainability indicators are not part of the
The sustainability indicators in scope consist of the indicators included in the report in the table at pages sustainability indicators itself as reviewed by us. Therefore, we do not provide assurance on this infor-
92 and 93. mation.

Basis for our conclusion Our conclusion is not modified in respect to these matters

We performed our review in accordance with Dutch law, including Dutch Standard 3000A ’Assur- The Executive Team Responsibilities
ance-opdrachten anders dan opdrachten tot controle of beoordeling van historische financiële infor-
matie (attest-opdrachten) (assurance engagements other than audits or reviews of historical financial The Executive Team of Cargill is responsible for the preparation of the sustainability indicators in
information (attestation engagements)). This engagement is aimed to obtain limited assurance. Our accordance with the applicable criteria as described in the ‘Reporting criteria’ section of our report,
responsibilities in this regard are further described in the ‘Auditor’s responsibilities’ section of our report. including the identification of stakeholders and the definition of material matters. The choices made by
Management regarding the scope of the Sustainability chapter and the reporting policy are summarized
We are independent of Cargill B.V. in accordance with the ‘Verordening inzake de onafhankelijkheid van on pages 92 and 93 of the Report.
accountants bij assurance-opdrachten’ (ViO, Code of Ethics for Professional Accountants, a regulation
with respect to independence). Furthermore, we have complied with the ‘Verordening gedrags- en Furthermore, The Executive Team of Cargill is responsible for such internal control as it determines is
beroepsregels accountants’ (VGBA, Dutch Code of Ethics). We believe the assurance evidence we have necessary to enable the preparation of the sustainability indicators that is free from material misstate-
obtained is sufficient and appropriate to provide a basis for our conclusion. ment, whether due to fraud or error.

Reporting Criteria

The sustainability indicators need to be read and understood together with the reporting criteria. Cargill
is solely responsible for selecting and applying these reporting criteria, taking into account applicable
law and regulations related to reporting.

The reporting criteria used for the preparation of the sustainability indicators are the applied internally
developed reporting criteria as disclosed in the section ‘Dashboard’ on pages 92 and 93 of the Report.

KPMG Accountants N.V., a Dutch limited liability company registered with the trade register in the Netherlands under number 33263683,
is a member firm of the global organization of independent member firms affiliated with KPMG International Limited, a private English
company limited by guarantee.
110 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Auditor’s responsibilities - Determining the nature and extent of the review procedures for reporting countries. For this,
the nature, extent and/or risk profile of these reporting countries are decisive. Based thereon
we selected countries to visit. The visits to 2 countries, Ghana and Cameroon, are aimed
Our responsibility is to plan and perform our review in a manner that allows us to obtain sufficient and
at, on a local level, validating source and registration data by evaluating the design and imple-
appropriate assurance evidence for our conclusion.
mentation of internal controls and validation procedures;

Procedures performed to obtain a limited level of assurance are aimed to determine the plausibility of
- Obtaining assurance information that the sustainability indicators reconciles with underlying
information and vary in nature and timing, and are less in extent, compared to a reasonable assurance
records of Cargill;
engagement. The level of assurance obtained in a limited assurance engagement is substantially lower
than the assurance that would have been obtained had a reasonable assurance engagement been
performed. - Reviewing, on a limited test basis, relevant internal and external documentation;

We apply the ‘Nadere Voorschriften Kwaliteitssystemen’ (NVKS, Regulations for Quality management - Performing an analytical review of the data and trends.
systems) and accordingly maintain a comprehensive system of quality control including documented
policies and procedures regarding compliance with ethical requirements, professional standards and — Evaluating the consistency of the sustainability indicators with the information in the report which
applicable legal and regulatory requirements. is not included in the scope of our review;

We have exercised professional judgement and have maintained professional skepticism throughout — Evaluating the presentation, structure and content of the sustainability indicators;
the review, in accordance with the Dutch Standard 3000A, ethical requirements and independence
requirements.
— Considering whether the sustainability indicators as a whole, including the disclosures, reflects
the purpose of the reporting criteria used.
Our review included among others:
We have communicated with the Executive Team of Cargill regarding, among other matters, the planned
— Performing an analysis of the external environment and obtaining an understanding of relevant scope and timing of the review and significant findings that we identify during our review.
societal themes and issues, and the characteristics of the company;
Amstelveen, 31 October 2023
— Evaluating the appropriateness of the reporting criteria used, their consistent application and KPMG Accountants N.V.
related disclosures in the sustainability indicators;

— Obtaining an understanding of the reporting processes for the sustainability indicators, including
obtaining a general understanding of internal control relevant to our review;
D.A.C.A.J. Landesz Campen RA
Partner
— Identifying areas of the sustainability indicators where a material misstatement, whether due to
fraud or error, are most likely to occur, designing and performing assurance procedures respon-
sive to these areas, and obtaining assurance information that is sufficient and appropriate to
provide a basis for our conclusion. These procedures included, amongst others:

- Interviewing management and relevant staff at corporate level responsible for the strategy,
policy and results;

- Interviewing relevant staff responsible for providing the information for, carrying out internal
control procedures over, and consolidating the data in the sustainability indicators;
111 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Palm Oil
112 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Table of contents Cargill’s palm oil supply chain

extends from our own plantations
Cargill continues our active role in
multistakeholder platforms, organizations
and working groups, such as representing
and mills to trading and refining
traders and processors on the Roundtable on
113 Supply chain overview palm oil around the world. In 2022, Sustainable Palm Oil (RSPO) Board of Governors,
we took tangible steps toward participating in the RSPO North America
116 Sustainability roadmap meeting our No Deforestation, Sustainable Palm Oil Network, and sponsoring
No Peat, and No Exploitation the first RSPO Interamerican Conference in May
117 Dashboard
(NDPE) commitments in our 2023. In Colombia, Cargill has been elected to the
global supply chain. steering committee of the Alliance for Sustainable
118 Focus areas Palm Oil of Colombia (APSCO), the main initiative
In addition to signing the Agriculture Sector to produce sustainable palm oil in the region.
126 Programs and partnerships Roadmap to 1.5°C , we revised our 2025 palm
roadmap to accelerate our commitment to be We will continue to transform our palm oil supply
deforestation-free in our palm oil supply chain chain—and the industry—in the years ahead.
About this chapter by 2025. We continue our active role as co-
Unless stated otherwise, the content in this chapter conveners of the Palm Oil Collaboration
covers calendar year 2022, including KPI progress Group  and we advocate for adoption of the
metrics. NDPE Implementation Reporting Framework
(IRF)  across the palm industry. In 2022, 54%
of our global refinery volumes achieved the
NDPE IRF highest category of “Delivering.” We
are closing the gap on our goal to achieve 100%
traceability to plantation by 2025, reaching 72%
globally in 2022 compared to 65% in 2021.
Natalia Orlova Daniel Stregels
Managing Director, Managing Director,
We are preparing for the implementation of new
Cargill Edible Oils Cargill Edible Oils
regulations affecting the palm supply chain,
North America Europe
such as the European regulation  impacting
products associated with deforestation and
forest degradation. In 2022, we accelerated our
engagement with suppliers focused on collecting
polygon maps of plantations to improve analysis
and detection of deforestation activity. We
also developed new platforms to improve due
diligence processes.
113 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Supply chain overview

Cargill palm oil operations

19
Cargill operates a global palm oil supply chain with physical assets in the form of plantations, palm oil mills, kernel crushing plants, and
refineries. As a trader of major commodities around the world, our key activities in the palm supply chain include sourcing, trading, and
refining oil from third-party mill suppliers.43 We buy some of the oil directly from mills; the majority of the oil is sourced indirectly via traders Refineries
and refiners on the open market. We also purchase from smallholders through cooperatives and indirectly from independent smallholders.

12
43
Our mill list can be found on our Palm Sustainability Dashboard .

Mills
Includes palm oil mills
and kernel crush plants

9
Hamburg (SG, MB)
Rotterdam (SG, MB) Efremov (SG, MB)
Izegem (SG, MB)

Sidney (MB)
Plantations
Balikesir (MB)
Fullerton (MB) Charlotte (SG, MB) Nantong (SG, MB)

24,000
Dongguan (SG, MB)
Kandla (MB)
Hidalgo (MB) Yangjiang ( – )
Krishnapatnam ( – )
Port Klang (SG, MB) West Kalimantan
Westport (SG, MB) x6 x2 x7
Key South Sumatra Lampung ( – ) Smallholders
Refineries (RSPO Certification) Itumbiara (SG, MB) x3 x1 x2 Smallholders we partner with
Mills in our own operations
Kooragang (SG, MB)
Kernel crushing plants
Plantations
(SG) Segregated
(MB) Mass balance Not part of Cargill’s operations

1,640
(–) Not certified
Map updated August 2023

Origin countries Destination regions and countries Third-party mills

Predominantly Brazil, Colombia, Ecuador, Guatemala, Honduras, Indonesia, Australia, Brazil, China, Europe, India, Indonesia, Malaysia, Mexico,
Malaysia, Mexico, Papua New Guinea, Peru, and Thailand Pakistan, and United States
114 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our palm oil supply chain

Cargill buys directly from mills

Cargill refinery
Food

Plantation Biofuels

Mills Shipment Destination

Third-party refinery Bioindustrial
refineries

Cargill buys indirectly from mills through traders/refiners on the global market

29%
of all Cargill volumes physically
Direct and indirect mills sourcing

certified (RSPO SG & MB) 1,366 283

Indirect mills Direct mills
115 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our commitments

Protect forests
We are taking steps to protect forests in our palm
oil supply chain in line with the High Carbon Stock
Approach (HCSA) and consistent with Cargill’s
companywide commitment detailed in our Help ensure a traceable,
Forest Policy .
transparent and sustainable palm
oil supply chain
Cargill’s commitment to producing and sourcing
palm oil in an economical, environmentally
sustainable, and socially responsible manner is
detailed in our Policy on Sustainable Palm Oil .
In accordance with NDPE practices, Cargill commits
to a supply chain that:

• Protects high conservation value (HCV) areas,

high carbon stock (HCS) forests, and peatlands
regardless of depth
Respect human rights
• Respects and upholds the rights of workers,
We treat people with dignity and respect, provide indigenous peoples, and local communities
equitable, safe and supportive workplaces and take
action to promote human rights in our supply chains • Enables smallholders to become successful
as described in our Human Rights Policy . businesspeople, improving their livelihoods
through responsible production, maximizing
yields, and improving quality

• Upholds high standards of transparency

through reporting of traceability, time-bound
implementation plans, resolving grievances, and
achieving third-party verified policy compliance
116 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill palm oil sustainability roadmap

Purpose Nourish the world in a safe, responsible and sustainable way

Priorities

Land &
Climate People
Water

Goals Climate Change Land Use Water Farmer Livelihoods Human Rights

2025 Support our Science Based 100% traceable to Human Rights due diligence
Targets initiative (SBTi)  plantation (TTP) (HRDD) processes activated at
goal to reduce Scope 1 100% of Cargill-owned palm
All palm oil volumes are in the
and 2 absolute greenhouse plantations
“Delivering” category of the
gas (GHG) emissions in our 100% of direct suppliers have
NDPE IRF (Implementation
operations by 10% against human rights commitments
Reporting Framework)44
a 2017 baseline in their NDPE policy

2030 Support our Science Based Enable improved access 60,000 farmers supported 100% of direct and indirect
Targets initiative (SBTi)  to safe drinking water in through services and suppliers have human
goal to reduce our Scope 3 our priority communities partnerships rights commitments in their
GHG emissions from our in Indonesia for 25,000 NDPE policy
extended supply chain by beneficiaries
HRDD processes activated
30% per ton of product,
Enable a water positive at 100% of direct suppliers’
against a 2017 baseline
impact in priority regions operations

100% of indirect suppliers

have been trained on how to
create and implement a HRDD
action plan

44
We updated our palm sustainability roadmap in 2022 with a commitment to be deforestation-free by 2025. We are measuring our progress using the NDPE IRF for the percentage of our refinery volume on the “Delivering” category.
117 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Dashboard

This dashboard aligns with our current palm oil sustainability roadmap and includes the key performance indicators (KPIs) we are using to track and share progress toward our 2025 and
2030 goals.45

Roadmap pillar Goal/KPI 2022 progress

Climate Climate Change 2025 Support our Science Based Targets initiative  goal to reduce scope 1 and 2 Please refer to the Climate
emissions by 10% against a 2017 baseline section

2030 Support our Science Based Targets initiative  goal to reduce scope 3 GHG Please refer to the Climate
emissions by 30% per ton of product against a 2017 baseline section

Land & Land Use 2025 100% TTP 72%

Water
All palm oil volumes are in the “Delivering” category of the NDPE IRF46 54% Delivering

Water 2030 Enable improved access to safe drinking water in our priority communities
1,193 beneficiaries
in Indonesia for 25,000 beneficiaries

People Farmer 2030 60,000 farmers supported through services and partnerships by 2030 27,167
Livelihoods47
Number of farmers who received training 23,149

Number of farmers who are certified/verified under a sustainability program 9,837

Number of landscape programs in which Cargill participates 9

Human Rights 2025 100% of Cargill-owned palm operations have implemented our HRDD process 100%

100% of direct suppliers have human rights commitments in their NDPE policy 72%

45
As communicated in last year’s report, 2022 was the final year of reporting on the previous KPIs that corresponded with our earlier roadmap. Going forward, we expect to track year-over-year progress using the new KPIs shown here.
46
We updated our palm sustainability roadmap in 2022 with a commitment to be deforestation-free by 2025. We are measuring our progress using the NDPE IRF for the percentage of our refinery volume on the “Delivering” category.
47
Referring to all programs registered up to the end of December 2022.
118 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Focus areas

Cargill 100%
plantations
Mills RSPO certified
Certification
Cargill has been advancing sustainable
84%
In 2022, we maintained the RSPO certification for every mill
practices in our palm plantations in and palm kernel crush plant in our operations. Most of our
Indonesia since joining the RSPO facilities are also certified under the Indonesian Sustainable
in 2004, including working directly Palm Oil scheme (ISPO). Plantations RSPO certified
with smallholders in the surrounding
communities. At our nine plantations Reforestation and conservation
across Indonesia, located in South
Sumatra and West Kalimantan, we
Our efforts to restore a peat swamp forest near our Hindoli
plantation in South Sumatra have been successful in
64%
maintain new developments in line reforesting the area. Careful selection, tree planting, and Smallholders RSPO certified
with the High Carbon Stock Approach conservation monitoring have improved the density of flora
and fauna, and maintaining surface water levels helps to
(HCSA) and peat conservation

100%
prevent potential fires. After four years, the project achieved
commitments and we continue to the following positive impact in 2022:
protect human rights.
• 100% of the area is reforested Fresh fruit bunches originate
from NDPE-compliant sources
• 10,000 native trees (26 local species) have been planted

• Eight protected bird and animal species have resettled

in the reforested area

• More than 50,000-ton reduction of carbon dioxide

100%
equivalent (CO2e) and nearly 14,000 tons of carbon stock
Cargill operations and surrounding
sequestered communities covered by a fire prevention
and awareness program
This project has been recognized as an example of
collaboration by government, private sector, and
119 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

NGO partners to preserve peat swamp forests with high

conservation value and diversity.

We also continue our involvement in the Nanga Lauk

community forestry conservation project in West Kalimantan.
The project supports the local indigenous community in
protecting biodiversity and critical ecosystems across more
than 1,400 hectares of forest through sustainable land-use
practices and patrolling against illegal logging. Orangutans
have been returning to the area, and the project aims
to expand to cover more than 9,000 additional hectares.

Methane capture
To reduce the greenhouse gas (GHG) footprint of our palm
oil operations in Indonesia, we have been identifying and
quantifying emissions sources and are implementing nine
projects to capture methane gas emissions from wastewater
treatment facilities at our mills. The collective impact of
these projects is an estimated reduction of 270,000 metric
tons of CO2e, helping to meet Cargill’s goal to reduce GHG
emissions in our operations by 10% by 2025, against a 2017 benefit rural workers in the palm oil industry. Initially focused Women’s empowerment
baseline. on Indonesia, the initiative is guided by seven principles:
To expand the role of women in palm oil plantation
The captured methane is being used to generate power for • Commit to experimentation and scaling solutions communities, Cargill is collaborating with Yayasan CARE
use in our mill operations and housing for workers and their Peduli  and the Musi Banyuasin District Government
families. Two biogas plants in West Kalimantan are currently • Be worker-centric in South Sumatra to launch a three-year women’s
operational, two others are being built and five additional empowerment program in 13 villages. The program aims
• Provide additionality, ensuring efforts complement rather
projects are targeted for completion by the end of 2024. to address challenges faced by women in the palm oil
than duplicate existing programs
plantation sector, including limited access to financial
Decent Rural Living Initiative • Take a systemic approach, recognizing transformation resources, knowledge, and technology as well as sexual
requires social and structural change harassment and lower wages compared with male farmers.
Cargill joined the Decent Rural Living Initiative  in 2022,
a pre‑competitive collaboration by five leading palm oil • Be transparent
Recognition
producers working together with relevant experts and
stakeholders to develop long-term practical solutions that • Be future-oriented, considering the impact of industry In 2022, seven of Cargill’s palm oil mills were recognized
trends on the well-being of rural workers with the highest level of the Indonesian Ministry of Industry’s
• Engage relevant experts to inform and validate solutions Green Industry Award for sustainable production. This
award helps demonstrate the impact of Cargill’s Policy on
Sustainable Palm Oil  and commitment to supporting the
UN Sustainable Development Goals.
120 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill How we are protecting forests and human rights in our

third‑party third-party supply chain

supply chain
To achieve industry-wide change, we
take a two-track approach focused on
ensuring compliance with our Policy
on Sustainable Palm Oil within our own
supply chain, in addition to transforming Traceability
practices beyond our supply chain.

Monitoring and Supplier Supporting

We continue advancing our efforts to improve the engagement
verification smallholders
sustainability of our third-party supply chain, which accounts
for more than 95% of Cargill’s palm oil volume. We are
committed to protecting forests and human rights across our
entire supply chain—both within and outside of commercial
palm concessions. We are working to transform our supply
chain through traceability, monitoring and verification,
addressing grievances, supplier engagement, landscape Addressing
grievances
initiatives, and smallholder programs.

Landscape
initiatives
121 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Traceability Our approach

We have been using a risk-calibrated approach  since 2019. We map the fresh fruit bunch supply base of palm oil
mills and identify areas of higher risk for not meeting NDPE criteria based on the extent of forest, protected areas, and
uncultivated peat areas surrounding the mill. We prioritize high-risk mills for engagement.

In 2022, we continued to close the gap toward reaching 100% traceability.

KPI PROGRESS

Destination markets Palm Kernel

All other markets 100% 100%
Traceability
to mill level Turkey 97% 90%

99% China 92% 100%

Global score

Europe 80% 63%

Traceability
to plantation level Russia48 99% 57%

72% USA 89% 59%

Malaysia 93% 36%

Global score Brazil 98% 83%

Mexico 69% 58%

India 40% 83%

China 76% 66%

Pakistan 83% N/A

Australia/ 100% N/A

New Zealand
Turkey 60% 44%

Other markets49 88% 74%

48
Read Cargill’s statement  about the situation in Eastern Europe.
49
Includes Indonesia and other countries.
122 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Monitoring and Our approach

verification To ensure suppliers are adhering to our no-deforestation and peat commitments, we use satellite technology to remotely
monitor and detect any changes to forested areas. We verify compliance with our Policy on Sustainable Palm Oil using
our own guidelines and industry frameworks. (For more information, see the graphic below.) Cargill is now working with
Satelligence to enhance our robust monitoring capabilities in support of our commitment to be deforestation-free in the
palm oil supply chain by 2025. Due to this transition, we will include supply chain coverage metrics in subsequent ESG
reports as Cargill continues to monitor our supply chain using Satelligence’s system.

Verifying compliance with NDPE commitments

Using plantation location data, we conduct remote monitoring of palm plantations and adjacent areas using satellite technology to help ensure there are no signs
of deforestation or planting on peat lands, then we verify the results to confirm compliance with our Policy on Sustainable Palm Oil and take action as needed.

Traceability Remote monitoring Verification Actions Communication

Tracing palm to Radar (RADD) forest NDPE Implementation Reporting Grievance process PalmWise™ customer
the plantations monitoring system and Framework Data Verification Protocol: (learn more) portal
where it is grown Global Forest Watch data validates environmental data
Supplier Grievance reporting on
(learn more)
Cargill radar and satellite RSPO certification: engagement Cargill.com 
guides remote
system supported by on-the-ground verification of (learn more)
monitoring and Sustainability
Satelligence environmental and social compliance
verification reporting
123 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Addressing Our approach

grievances When an issue is identified through our monitoring efforts, we immediately take action to address it. For example, when
deforestation grievances are identified and validated, we immediately suspend suppliers and work with them to define
an action plan with clear timelines and milestones. Our supplier suspension process is outlined in our Palm Grievance
Procedure . To address labor and human rights issues in the palm oil supply chain, we prioritize engagement based on
varying levels of severity and impact to drive long-term capability and compliance improvements. When a supplier is unable
or unwilling to make progress within the agreed upon timeframe, or has repeated non-compliances, we remove the supplier
from our supply chain.

We hold ourselves and our suppliers accountable to respond to grievances, set time-bound action plans to ensure progress,
and close the grievance in a timely manner as agreed to by the complainant. We do not tolerate retaliation against anyone
who, in good faith, raises a concern or participates in an investigation or whistleblowing.

KPI PROGRESS50

Location of grievances Grievances logged Addressing grievances

Deforestation51 Labor/human rights51

27
Direct third
70% Indonesia parties
17% Malaysia

8%
4%
Papua
Latin America
80
Indirect third
13%
4%
Investigation

Verification
23%
0%
Investigation

Verification

New Guinea 9% Developing action plan 3% Developing action plan

parties
1% Myanmar
26% Monitoring implementation 27% Monitoring implementation

18% Closed 23% Closed

31% Suspended 23% Suspended

50
Referring to all grievances registered up to the end of December 2022.
51
Percentages do not total 100% due to rounding of decimals.
124 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Supplier Our approach

engagement To ensure our suppliers are operating in compliance with our Policy on Sustainable Palm Oil  commitments and our
Supplier Code of Conduct , we engage with them through visits, assessments, and workshops. Our risk-calibrated
approach helps us prioritize the most important areas and suppliers for action. Our supplier engagement programs address
both environmental and social sustainability challenges as we work to end deforestation and protect human rights in our
supply chain. During 2022, working in partnership with the Consortium of Resource Experts, known as CORE (which
includes Daemeter and Proforest), we updated our comprehensive due diligence process beginning with a questionnaire
KPI PROGRESS that suppliers must complete—followed by verification by our team—prior to our purchase of palm products. We will apply
this updated due diligence process for all our suppliers globally.
Sustainability program impact
Latin America: We continued our work with suppliers in

93% 90%
Colombia, Honduras, Guatemala, and Mexico to scale
Supplier engagement components implementation of our Continuous Improvement Program
Volumes covered Direct suppliers focused on NDPE best practices. In 2022, we provided
1. Due-diligence questionnaire and desk-based consulting and training to 12 high-risk suppliers to help
by NDPE policy (traders/refiners)
due diligence them close gaps and comply with NDPE expectations
with NDPE policy 2. Self-assessments in our Policy on Sustainable Palm Oil. Five suppliers
3. Field assessments from Colombia and Mexico completed action plan
4. NDPE policy and implementation plan implementation during 2022, demonstrating compliance with
Direct mills 5. Continuous improvement plan social and environmental criteria. We also provided training

70% 82%
6. Training to more than 320 mill assistants in Latin America through
three webinars on our Connected4Change platform focused
have completed with NDPE policy on traceability, geographic information system tools, and
self-assessments European regulations, including EUDR and CS3D.52
Our actions
Malaysia: We engaged with suppliers during 2022 to
Brazil: Through our partnership with Earthworm improve human rights and prevent deforestation. Working
Foundation , we are supporting palm oil mills in our supply with Earthworm Foundation, we conducted an Ethical
Total number of third-party suppliers chain to improve environmental, social, and labor practices Recruitment Due Diligence Program with a mill in Masai
so they meet the criteria of Cargill’s Policy on Sustainable

63
(Johor) focused on recruitment practices, from pre-arrival of
Palm Oil. Earthworm assesses and guides suppliers using migrant workers at their country of origin to departure after
Third-party refineries the Aggregator Refinery Transformation (ART) action completion of their work with the mill. The program included

1,640 Third-party mills

plan to help them increase sustainability, traceability, and
accountability. In 2022, suppliers made progress in closing
the gaps outlined in their action plans, and more than 100
review of the supplier’s standard operating procedure for
recruitment, policies, and engagement with recruitment
agents. (Updates on the Labor Transformation Program are
supplier representatives were trained to address socio- provided in the human rights content under Programs and
environmental sustainability challenges during a series of partnerships.) To prevent deforestation, we engaged with
sessions focused on human rights, conflict management, three mills to review traceability, met with their
and free, prior and informed consent (FPIC)  rights for
indigenous peoples.
52
European Union Deforestation-free Regulation (EUDR) and Corporate Sustainability Due Diligence Directive (CS3D)
125 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

external suppliers, visited sites with deforestation alerts, and Indonesia: We worked with Daemeter to conduct a three- Guidance for Palm Oil Supply Chains, developed by CORE,
provided training about capacity building on HCV53 areas. day supplier engagement workshop attended by more with the objective to verify the compliance of traceability
Earthworm also conducted focus group engagement with than 30 participants focused on sustainability trends and systems, processes, and outputs. The pilot, supported by
mills on NDPE capacity building, EUDR requirements and regulations, our risk-calibrated approach  for collecting CORE, was conducted at a refinery and a mill owned by one
guidance on traceability using polygon maps. We partnered traceability data, FPIC updates, RSPO Principles and Criteria of our suppliers, Permata Group. Outcomes of the verifica-
with Proforest to conduct a workshop for 12 fresh-fruit implementation best practices, and management and moni- tion were shared with the supplier and Cargill will follow up
bunch dealers about NDPE and EUDR requirements and toring of HCV/HCS53 areas. on an action plan accordingly. We will continue to explore
traceability systems. In addition, we worked with Control the Traceability Verification Guidance for Palm Oil Supply
Union to conduct traceability audits of seven mills for one of Cargill continues to increase transparency in traceability Chains and associated processes.
our customers. through verification. We piloted the Traceability Verification

53
High conservation value (HCV) / high carbon stock (HCS)

Improving labor and human rights

Our approach Our actions

Cargill is committed to protecting the human rights of Our actions to advance human rights are included in the
workers, indigenous people, and local communities in our description of our programs and partnerships, along with
supply chains as detailed in our Human Rights Policy  updates about landscape initiatives and smallholder
and our Policy on Sustainable Palm Oil  and in line with programs.
international human rights principles and applicable local
laws. We support the work being done to address labor and
human rights issues by governments and organizations,
including the International Labour Organization (ILO) 
and the United Nations Children’s Fund (UNICEF) , KPI PROGRESS
RSPO Human Rights Working Group, and Earthworm No
Exploitation standard.

72%
of direct suppliers with human rights
commitments in their NDPE policy
126 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Programs and partnerships

We collaborate with partners to support smallholders and address sustainability challenges across the palm oil supply chain.
Many of these challenges, such as deforestation and human rights concerns, are not specific to a single supplier or to the palm
sector alone. To tackle issues that are common within a region and across commodities, Cargill collaborates with a variety of
stakeholders through interventions at the landscape level. Working together, we can better address persistent, complex social
and environmental risks involving multiple mills, growers, buyers, and other stakeholders. The involvement of public institutions
in these collaborations is key to achieve systemic change.

Landscape initiatives

Our approach Our actions

We collaborate through landscape-level initiatives and Brazil: We continue to support the Tomé Açu landscape
platforms, such as the Tropical Forest Alliance (TFA) , to program, in partnership with Earthworm Foundation,
address challenges that span physical and political bound- using an integrated approach involving brands, commodity
aries and involve multiple commodities. Cargill is currently producers, smallholders, authorities, and local communities
participating in nine palm-related landscape programs in the northeast of the state of Pará. The program includes
around the world. helping to develop small palm producers while achieving
positive and regenerative impacts on the landscape. In 2022,
the program strengthened farmer associations and cooper-
atives and supported the formalization of 10 businesses—
initiatives that are expected to produce a 30% increase in
revenue for rural entrepreneurs. Ongoing women’s empow-
erment efforts included interviews with 400 women and
training for 120 female leaders. More than 400 families have
participated in the program, six municipalities have benefit-
ed from food security initiatives, and land rights have been
reinforced through property registration and access to new
credit.
127 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

build partnerships and develop the collaboration agreement resilient livelihoods, and good labor practices in the SCFS
with the palm oil core entities that support the project. The region—a group of forested areas and critical wildlife
implementation phase commenced in 2023. So far, the corridors that have experienced significant land conversion
program has reached: to palm plantations. The program’s impact in 2022 includes:

• 67% high-risk and 33% low-risk mills in the Lebrija River • 42% reduction in deforestation in the landscape’s key
Basin landscape sensitive area

• 6 mills in Cargill’s supply chain engaged in the program • 26% of palm mills are traceable to plantations

• 39% of mills have action plans to address NDPE

We continue to participate with Solidaridad in the commitments
Intel4Value landscape program to address employment
and labor gaps among palm producers and workers in • 206 farmers engaged in livelihood improvement programs
the Catatumbo region of Colombia. Now in its second
• 274 (direct) and 1,934 (indirect) workers engaged to
year of implementation, the program is working to build
improve welfare and working conditions
an efficient, scalable, and sustainable palm oil value
chain. The program is creating a positive social impact
for nearly 3,000 workers—including nearly 1,000 women, To improve traceability, we participated in joint workshops
providing environmental protection for more than 20,000 with fresh-fruit bunch (FFB) dealers—a strategy that is
hectares of farmland, and improving livelihoods for 1,200 expanding to include more mills across the landscape in
smallholder farmers, including more than 400 women. collaboration with the Malaysia Palm Oil Board, Malaysian
During 2022, more than 380 smallholders received training Palm Oil Certification Council, and other participants.
on sustainability issues and completed the Sustainability Cargill also is a key partner in the development of effective
Index baseline to identify gaps in sustainable agriculture grievance programs to safeguard workers’ rights. We
best practices. Furthermore, more than 100 producers facilitated engagement with two mills to pilot the rollout of
completed the RSPO recertification process. an operational grievance mechanism with management and
workers at small and medium-sized palm oil companies.
Cargill also remains a member of the Colombia Land The need for a safe, effective, trusted grievance mechanism
Colombia: We participate in three landscape programs Initiative (CLI), which aims to support collaborative efforts aligned with the United Nations Guiding Principles (UNGPs)
in Colombia. Now in phase three, the Lebrija River Basin to address land rights and tenure in two palm oil producing was identified in 2021 and the collaborative response is led
landscape program is implementing action plans focused areas. by Earthworm Foundation.
on deforestation prevention, conservation, and farm
and water management. In 2022, Cargill and Proforest Malaysia: Our support for the Southern Central Forest Indonesia: We participate in four landscape programs
conducted workshops and capacity building sessions to Spine (SCFS) landscape program continues as the in Indonesia. We continue to support implementation of
program enters its second year focused on supply the Siak and Pelalawan Landscape Program , which
chain transformation, forest protection and restoration, is focused on protecting and enhancing forest, peatland,
farmer resiliency, and workers and families. The program and natural ecosystems; improving the livelihoods of
balances sustainable production, forest conservation, smallholders; respect for labor and community rights; and
sustainable oil palm production.
128 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Through multistakeholder partnerships and consensus, the assessment for Sei Linau village and an agroforestry group
program achieved progress in several key areas during 2022, formed by community members to implement activity
its third year of implementation. An additional 140 oil palm within the village forest perimeter, including the planting of
smallholders were mapped and identified using smallholder crops such as rubber, coffee, and taro. Assessment of a
business registration guidelines, bringing the total to more deforestation monitoring protocol in Sungai Linau village
than 1,300, and nearly 80 smallholders received plantation also was conducted. The process involved engagement
registry letters—a prerequisite for meeting the ISPO with various stakeholders, including the local community,
standard required by 2025. Training on conservation and government, and forest management agencies.54 As of
good agricultural practices was provided to more than 2,000 March 2023, smallholders from four villages had received
people, and 18 households participated in a pilot project training from program implementation partner Musim Mas
focused on income diversification. Farmers from more than about good agricultural practices, financial literacy, group
28 villages participate in the program, representing more dynamics, NDPE policy, and introduction to ISPO and RSPO
than 150,000 hectares of land. Both the Siak and Pelalawan requirements.55
district governments have committed to natural ecosystem
management and no-deforestation plans, and are moving To increase use of sustainable practices by smallholders
forward with conservation regulations in eight villages and around our operations, we are implementing programs near
district action plans for sustainable palm oil. KPIs for this our Ketapang and Hindoli plantations. In Ketapang, West
landscape program include: Kalimantan, Cargill, IDH—The Sustainable Trade Initiative,
JDE Peet’s, and FORTASBI (the Indonesian Sustainable
Oil Palm Smallholders Forum) are supporting independent
• 79% of high-risk, 15% of medium-risk, and 6% of low-
smallholders to achieve ISPO and RSPO certification. To
risk mills in the landscape participating
date, more than 5,000 independent smallholders from
• 47 mills in Cargill’s supply chain engaged in the program Ketapang are taking part in the landscape program covering
nearly 12,000 hectares of palm plantations.

The Sungai Linau landscape program in Sumatra, now in In the Musi Banyuasin region near our Hindoli plantation in
its second year of implementation, focuses on community- South Sumatra, more than 2,500 independent smallholders
based land use development, long-term protection of covering nearly 7,000 hectares of plantations supplying
the Giam Siak Kecil-Bukit Batu Bioreserve , GHG to Cargill’s Tanjung Dalam mill participated in the Hindoli
emissions reduction through forest and peat protection, Landscape Program. They received support for preparing
and supporting village members’ livelihoods. Progress to attain RSPO and ISPO certification as well as training and
highlights in 2022 included the completion of land tenure building their capacity to organize into cooperatives.

54
Local community (Lembaga Pengelola Hutan Desa), Planning and Development Agency of Riau Province (BAPPEDA), Forestry Agency of Riau Province (Dinas Kehutanan Riau), Forestry Law Enforcement of Riau Province (GAKKUM Riau), and
Forest Management Unit (Kesatuan Pengelola Hutan/KPH) of Bengkalis District
55
Smallholders in Sungai Linau Landscape Villages: Tanjung Damai, Sungai Linau, Bandar Jaya, and Sumber Jaya
129 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Smallholder have received a complete action plan for moving toward

certification as well as technical support from Proforest
Malaysia: We continue to support independent smallholders
under the Wild Asia Group Scheme (WAGS) program to

programs to develop key studies necessary for RSPO compliance,

including Environmental and Social Impact Assessment
attain RSPO certification. To date, 574 smallholders have
been RSPO certified under the WAGS program.
(ESIA), FPIC, HCV evaluations, and previous Land Use
Change Assessment (LUCA).
Our approach “The partnership with Cargill since 2015 is very
Colombia: Cargill supports smallholder implementation of important to us as they were the first one in
We work strategically with select mills in our supply chain the Sustainability Index in Colombia as part of the Malaysia to support a certification program with
to help smallholders deliver on their transformation plans Lebrija River Basin landscape program. an independent mill. The partnership enabled us
and participate in programs focused on building smallholder
capacity and promoting responsible farm development.
to develop the first dealer model, and since then
Mexico: We participate in the Holistic Program  for
we were able to replicate and expand to other
sustainable palm in Mexico—together with the RSPO,
parts of Malaysia and beyond. It is very crucial
Our actions Proforest, the Mexican Federation of Palm Oil (FEMEXPAL-
MA), Cargill customers, and suppliers—to help support the
for companies wanting to support independent
Guatemala: We continued working with our supplier, Palmas smallholders towards sustainable production and
transformation of the Mexican palm oil supply chain. The
del Ixcán, to help smallholders in the company’s supply smallholder inclusivity to realize the complexity
program provides smallholders with technical support and
base, many of whom are women, to adopt sustainable
capacity building on various sustainability issues, including of the palm oil supply chain, then making
agricultural practices and build their capacity to achieve
RSPO certification. During 2022, Cargill supported several
human rights, land use changes, HCV land, and HCS carbon the commitment and investment to make it
key environmental and social studies, including land use
mapping. In 2022, the program helped to certify nearly 120 happen. Cargill has set a precedent that others
independent smallholders from Oleopalma, a member of the should emulate.”
analysis for nearly 30 smallholders who are in the process
initiative, with more than 2,500 hectares of palm plantation
of becoming RSPO certified and pre-certification audits Dr. Reza Azmi
land. The program trained nearly 20 group managers and
for more than 20 smallholders to identify gaps in their Executive Director and Founder of Wild Asia
nearly 530 professionals to build capacity around sustain-
compliance with the RSPO standard. These producers
ability.

Human rights Our actions Labor Formalization Project: Cargill signed an agreement
with the International Labor Organization (ILO) to support

programs Labor Transformation Program: In 2022, the third year

of implementing this program with Earthworm in Malaysia,
the promotion and enforcement of labor rights in Colombia.
The project includes conducting gap assessments and
we engaged with three high-volume mills on key topics, implementing action plans to help suppliers uphold the
including ethical recruitment, retention of travel documents, rights of palm oil workers. The project is providing labor
accommodation, employment contracts, working hours,
Our approach formalization support through technical assistance and
and grievance mechanisms. A positive impact from capacity building for small, medium, and large suppliers
We participate in programs that address labor and human these mill engagements has been the return of workers’ across four regions in Colombia.
rights issues across our supply chain. In 2022, we took travel documents. Observations and findings from the
a series of actions to help our suppliers improve their engagements were used to create continuous improvement
processes. plans to guide suppliers in addressing key areas within their
operations.
130 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

We continue to move forward on our sustainable

palm oil supply journey. This includes providing
transparency around actions to remove forest loss
and conversion from our supply chain, outlining
how we will measure and disclose emissions from
land use change, and reporting progress toward
these commitments.
131 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Soy
132 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Table of contents It is a dynamic time in the global

soy supply chain, with significant
Alongside our maturing programs for land use
and climate, we are expanding efforts into
interconnected areas like water and human
developments emerging on a
rights in the soy supply chain that also tie back
133 Supply chain overview continuous basis to spur us to Cargill’s corporate sustainability commitments
toward long-lasting, sectorwide (see p. 150). This is enabling us to have a
134 Dashboard transformation. more comprehensive positive impact on the
communities that grow soy in South America, so
135 Focus areas On the one hand, key destination markets like we can ensure a sustainable supply and a bright
the European Union are enacting new regulations future for farming in the region.
137 Programs and partnerships aimed at protecting forests and ensuring due
diligence in countries of origin. These are helping We have achieved much over the past few years,
151 References to reshape the demand side of the market. and yet we know there is much more to do. With
Meanwhile with regard to supply, new solutions the support of our customers, farmers and other
and partnerships in South America are giving partners, we will continue to build the solutions
farmers more options than ever to use sustainable the world urgently needs.
About this chapter
practices and build more resilient food systems.
This chapter covers calendar year 2022. Information
in this chapter is for that time period, unless
As Cargill, we are proud to connect these two
otherwise noted. All data is for soy purchased and
sides of the market and build supply chain
handled by our local sourcing businesses in South
solutions that work for everyone. Over the past
America, unless otherwise noted. For our previous
year, we have made strong progress in mapping
soy progress reports, visit our website .
our direct supply chain using farm-level polygons,
completing this work for all the countries in South
America where we source soy (see p. 145). Robert Horster
We have also engaged with indirect suppliers Cargill Environmental Markets Lead
to advance due diligence. And we have co- and Cargill Agricultural Supply Chain
developed numerous projects and solutions with Enterprise Sustainability Lead
a wide range of partners on restoring forests,
certifying sustainable production and increasing
supply chain traceability. Meanwhile, our system
of controls to understand and mitigate risks
in our supply chain has never been stronger
(see p. 146).
133 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Supply chain overview

Our South American business

sources soy in Brazil, Argentina,
Assets in Cargill’s operations
Paraguay, Bolivia and Uruguay.
The business stores, processes
and ships soybeans and other
soy products to customers in the
135
country elevators
9
processing plants
14
ports
26
offices
region and around the world.

How our soy supply chain operates = Cargill operations

Suppliers Storage and processing Ports and transport Customers

Farmers Warehouses store beans Ports load soy products for export

Customers in
South America
and around the
world use our
soybeans and
soy products
for animal feed,
food ingredients,
personal care
items and fuels

Cooperatives and other Processing plants Soy products are delivered

indirect suppliers produce meal, oil and for domestic use
other soy products
134 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Dashboard

Our business in South America buys soy both directly from The figures below are for calendar year 2022 and are for soy Going forward, we need to continually update our data-
farmers and indirectly from cooperatives, processors and purchased and handled by our local sourcing businesses base of polygon maps because our supplier base shifts
traders. We are mapping the farms of our entire network of in each country. Over a year ago, we completed polygon somewhat each crop season. Still, building this database
direct suppliers using polygon boundaries, while also engag- mapping of our direct suppliers in Brazil, meaning that all our has been a significant milestone in our journey to be able
ing with indirect suppliers to drive change toward sustain- directly sourced soy in that country comes from farms that to monitor, report and take action within our supply chain.
able practices and end deforestation (see p. 145). have been mapped. We also recently achieved the same in It was made possible by the perseverance of our teams
Argentina, Bolivia, Paraguay and Uruguay. This data will be across the region to map and validate the operations of
included in our next report, when we have been able to fully many thousands of suppliers.
audit the mapping information for these countries.

Key performance indicators

Focus area Metric Progress
Argentina Bolivia Brazil Paraguay Uruguay

Transparency Industrywide soy production (million tons) 43.9i 3.0ii 125.6iii 3.4iv 2.8v

Approximate number of suppliers 4,800 300 14,900 1,600 700

selling soy to Cargill

Percentage of volume Direct 66 74 64 45 86

by type of supplier
Indirect 34 26 36 55 14

Traceability Percentage of directly sourced volumes 99 75 100 95 94

coming from suppliers whose farms have
been polygon mapped

DCF Percentage of volumes estimated to be DCF 98 73 94 96 100

since 2008 (see p. 151 for our methodology)
135 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Focus areas
Sustainable soy from South America

Our timebound targets Our approach

By 2025, By 2030, Our businesses source soy
from all the major growing
regions in the world. We are
and this growth has under-
pinned many rural econo-
mies and communities.
resources toward the
highest-risk supplies from
the highest-risk areas
we will eliminate we will ensure all the
focused on South America
deforestation from our soy we source in South as the highest-priority region Our strategic approach to • Inclusive sectorwide
soy supply chain in the America is DCF and all soy for soy sustainability be- soy sustainability in South transformation – centered
Amazon, Cerrado and globally is deforestation- cause it is home to vital land- America rests on three core on farmer engagement
Chaco biomes, in line with free, in line with our scapes such as the Amazon, concepts: – is necessary to truly
protect vital ecosystems
our commitment under corporate commitment for Cerrado and Chaco biomes
the Agriculture Sector all commodities that must be protected. • Supply chain traceability
Read more in our Policy on
Meanwhile, the region has and mapping efforts
Roadmap to 1.5°C  Sustainable Soy - South
grown rapidly in the last few should be risk-calibrated
American Origins .
decades to become a major
source of the world’s soy, • Prioritization should direct

Our commitments
Transforming our Promoting Respecting and Upholding high
soy supply chain to responsible upholding the standards of
be deforestation- production, which rights of workers, transparency
free while protecting benefits farmers indigenous through reporting
native vegetation and surrounding peoples and of key metrics,
beyond forests communities communities progress and
grievances
136 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Our action plan

Since launching our first action plan in 2019, we are proud plan so we can continue making progress toward our progress on those commitments as well as our overarching
of the progress we have made to map our supply chain and goals. This process included conducting extensive industry target of having a DCF soy supply chain by 2030. Activities
build broad-reaching programs to help drive sectorwide benchmarking and interviews with some of our stakeholders. in support of these objectives in our action plan are found
transformation. Now that our approach has matured, we throughout this report.
worked this year with external experts to redefine our action Our refreshed action plan is closely aligned with our
commitments for sustainable soy, with activities that drive

Transforming Promoting Respecting and Upholding high Promoting

our soy supply responsible upholding the standards of communication
chain to be production, rights of workers, transparency
deforestation-free which benefits indigenous through reporting
while protecting farmers and peoples and of key metrics,
native vegetation surrounding communities progress and
beyond forests communities grievances

• Progress on engagement • Support farmers with the • Continuously strengthen our • Publish regular reports • Promote knowledge
with indirect suppliers implementation of low- due diligence procedures about our progress exchange based on
carbon practices experience of different
• Advance deliverables for • Train our employees and • Continuously reassess the commodities
the Agriculture Sector • Incentivize projects for partners about our policies KPIs we report based on
Roadmap to 1.5°C recovering degraded land and tools to report concerns stakeholder expectations and • Increase internal
through restoration and best practices in the sector engagement
• Foster mechanisms through expansion over
to incentivize forest degraded pastureland
conservation
• Ensure compliance with
legislation in our supply chain
137 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Programs and partnerships

There is no single solution to achieve

sectorwide transformation for soy
Helping farmers comply with the Forest Code
in South America. That’s why we Brazil’s Forest Code is among the world’s most rigorous in maintaining their license to operate and access to
legal protections. It requires that farmers conserve a certain financing, while providing added benefits for biodiversity,
have taken a portfolio approach,
amount of native vegetation within the property they own, water resources and more.
working with a wide range of partners with the percentage varying by region. Working with farmers
on dozens of projects to incubate to verify they are complying with the Forest Code and To date, we have helped more than 160 farmers in the states
solutions that are effective in different regularizing their overall operations within the regulatory of Maranhão and Bahia with this regularization work and our
local contexts. Whether we are leading framework will help ensure large amounts of forests and assistance has been well-received.
the work ourselves, leaning on our other native vegetation are protected. It also assists farmers
technical partners for implementation,
or working in broad coalitions, the goal
is to give farmers the knowledge, tools
and incentives they need to move to Defining a protocol for low-carbon soy
sustainable production. Alongside other companies in the soy sector, we are
partnering with Embrapa, Brazil’s government agency
for agricultural research, to create a new protocol for
low-carbon soybeans . Cargill is committing $420,000
to sponsor this three-year project, which will establish a
certification protocol with science-based, verifiable and
internationally accepted indicators.

The protocol will identify what attributes of soy production

will account for lower carbon compared to conventional
practices used in the neighboring region. The goal will be
to establish a label to go with the certification system, to
differentiate low-carbon soy in the marketplace. Ultimately,
the protocol will help drive an overall reduction in carbon
emissions per ton of soy produced, as growers and users
of soybeans adopt it as a verified system.
138 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Recovering degraded
lands across Brazil
Restoration is a key area of our work. In June 2022, we
launched an initiative in Brazil with a commitment to have
100,000 hectares under restoration over five years. Thirty
projects are already underway focusing on sequestering
carbon, conserving biodiversity, and improving soil and
water quality.

For example, in Uberlândia we are working with several

partners to recover 3,000 hectares of degraded pastures
and 1,500 hectares of permanent preservation areas in the
Tijuco River basin. About $4 million in funding from Cargill
will help restore rangelands, conserve remaining native
vegetation, protect water quality and help farmers in the area
adopt low-carbon technologies.

30 projects already underway have

the potential to restore

14,000 hectares
Toward a total target of

100,000
hectares
139 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Giving farmers and

customers strong
options
For years, our proprietary soy certification program known
as Triple S has served as a strong model for continuous
improvement in sustainable production. Farmers enrolled
in Triple S earn a premium for using verified criteria, while
customers receive soy produced with sustainable methods,
including being DCF.

Now, we are continuing to expand and deepen the program

as a trusted offering. First, we expanded Triple S beyond

2.69 million hectares soy to corn, canola and cotton, as well. Second, we went
through a rigorous validation process to benchmark Triple S
Amount of land we are monitoring across South America at the Silver Level for SAI Platform’s Farm Sustainability
as part of various certification programs Assessment (FSA) 3.0 . We are the first in South America’s
soy sector to achieve this milestone. It builds confidence in
Triple S and makes it an even more attractive program for
farmers and customers alike.

Studying regenerative agriculture

in the Cerrado “The partnership with Cargill is very much in line with
what Algar Farming seeks in the market: promoting
Building viable economic models for sustainability and these practices across 11 technical objectives. They include sustainable agriculture through good practices,
conservation will require understanding of how these impacts to biodiversity, soil systems and water resources, as encouraging the regeneration of areas, and, consequently,
models can work effectively. With this goal in mind, Cargill well as financial outcomes for farmers. the appreciation in the final price of commodities that
is investing approximately $1 million to sponsor Regenera these actions provide. It is a company that is in synergy
Cerrado, a broad environmental study that includes more The three-year study launched in October 2022 and will with our purposes, both environmental and economic.
than 30 scientists in various trials and research. Partners generate scientific data around regenerative agriculture so We appreciate the possibility of activating so many
include Embrapa, Brazil’s government agency for agricultural farmers, companies and civil society institutions can make projects together and we hope that we can always go
research; leading think tank Instituto Forum do Futuro; science-based decisions. This will help ensure that our further, in all our production units.”
operational execution by Institute BioSistêmico (IBS); and programs have tangible, verifiable impact and that farmers
Marlos Alves
various universities. have good options to make commercial decisions that President of Algar Farming and Triple S participant
benefit both them and the planet.
Regenera Cerrado  is investigating the benefits of
adopting regenerative agricultural practices in the Cerrado
biome, examining 12 farms with various histories of using
140 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Land Opening economic pathways to conservation

The Land Innovation DCF soy supply chain in be needed to help farming Of the 37 projects funded

Innovation
Fund for Sustainable South America. and forests coexist. Farmers to date, the following three
Livelihoods  was need clear incentives and case studies offer a good
launched with a $30 million The fund is a demonstration strong markets for the cross-section of learnings for

Fund
commitment from Cargill and of our commitment to environmental services they the way forward. Meanwhile,
is managed by Chemonics transform the soy sector can produce. Thanks to the the fund will continue to
International. Now in its third alongside our partners. fund, its partners, and many pursue its goal of sustainable
year of activity, the fund has With many projects now far other organizations across agriculture that supports
enabled three rounds of into implementation and the soy sector, pathways farmer livelihoods and a
projects aimed at developing some already concluded, a toward those economic transformed landscape
innovative solutions, models clearer picture than ever is models are appearing on the across the region.
and tools for supporting a emerging regarding what will horizon.

The fund’s engagement to date

$13 $5.3 1.9 37

projects
47
partners
million million million
in funding
awarded by
in additional
funding from
hectares
45 1,400
the fund third parties innovations farms
141 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Land Innovation Fund

A sustainable tool to the Peterson Control Union;

and the Rosario Stock
by 2024. Once it is widely
available, all producers in
systems, making it easy for
farmers and companies
Union. It will keep their soy
eligible for export to this key

ensure market access Exchange to design a new

digital traceability platform,
Argentina will be able to use
it to show that their soy was
to use. market and help strengthen
the linkage between
The Visión Sectorial del Gran soy does not come from with contributions from grown on areas that were not Crucially, this platform sustainable practices and
Chaco Argentino (ViSeC) is recently deforested areas, multiple other organizations. deforested after December will provide traceability so economic incentives.
a multistakeholder effort to the Land Innovation Fund 31, 2020, which is especially that Argentine farmers can
protect native vegetation (LIF) provided support and This georeferencing platform important for the Chaco. ensure their soy is compliant
in the Chaco biome. To helped convene ViSeC; is currently entering a proof- The platform will be tailored with both national legislation
help Argentine farmers CIARA, Argentina’s industry of-concept phase, with plans to enable simple integration and new deforestation
demonstrate that their association for edible oils; to scale it for broad adoption with private information regulations in the European

A unified HyperT is now available for

commercial use. The goal is
Structured in modules,
HyperT will be able to add

commercial solution to scale it to farmers across

the Cerrado biome in the
other services in the future,
making it an easy single
Building scalable solutions Embrapa and Embrapii. coming growing seasons. solution for many farmers
for farmers is key to In April 2023, AgTrace, Companies in the soy sector and companies.
achieving sectorwide BrainAg, brCarbon and will also be able to use it to
transformation. Four different umgrauemeio used their build incentive programs
startups were developing respective areas of expertise for farmers based on the
digital platforms for and launched this unified environmental outcomes
farmers to measure various platform, which can produce they generate.
environmental services. a complete analysis of each
They were able to combine farm. This includes any
into a single platform documentation that may be “There is a growing global demand for farmer- and
named HyperT – short missing for the farm’s socio- community-focused sustainable production that
for “HyperTransparency.” environmental compliance, maintains productivity and good agricultural practices.
This was due to support guidance on how to prevent Accordingly, we have opened our farms to prototype
from the Sustainable Soy fires and other environmental traceability solutions being developed by startups such as
in the Cerrado Program, a damage, and the potential HyperT, so we can understand how startups and traders
partnership between the for financial returns from pursue solutions to add value to commodities like soy.”
fund and AgTech Garage, carbon credits earned Lucas Goulart
part of the PwC network. through conservation of Farmer in Maranhão state
Additional support came native vegetation – all in
from Cargill, CPQD, one platform.
142 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Land Innovation Fund

Understanding
what drives farmers’
decision-making
Recently, the fund sponsored a behavioral science field
study applied to sustainability in the soy supply chain by
researcher Fernanda Gomes from the International Institute
for Sustainability (IIS), carried out in partnership with the
Center for Conservation Sciences and Sustainability (CSRio)
at the Pontifical Catholic University of Rio de
Janeiro (PUC-Rio).

The goal was to speak directly with farmers and learn more
about the factors that shape their decisions for land use.
From September to December 2022, Gomes spoke to
69 farmers across the Matopiba region. Here are some of
15,000+ km
Distance Fernanda Gomes traveled
her reflections from this experience.
through some of Brazil’s most rural
Q: You traveled in remote with risks related to climate areas to speak to dozens of farmers
areas for months to meet change, instability in the for her study
farmers. What was your commodities market and
biggest takeaway from the political arena; and their
that experience? plans and expectations
Gomes: Undoubtedly my about the future. Each Gomes: Agriculture in Brazil the benefits and the Q: What do you think the about ecosystem services
biggest takeaway from this interview had a life lesson. is an activity that demands costs of it. Minimizing public most frequently and the contributions
experience was to dive high investment. Each year the risks assumed by the misunderstands about how of nature to people.
deeply into the farmer´s Q: What do you think are the producer goes into debt farmers, offsetting costs farmers make decisions Sometimes, not adopting
reality: to learn about the biggest hurdles to to buy seeds, fertilizer, new or compensating them for about their production sustainable practices is only
their past stories and the farmers adopting more machinery and more to eventual losses will definitely methods? due to financial restrictions
challenges they had to sustainable practices and finance the crop, assuming incentivize them to adopt Gomes: Most farmers are and not because they lack
overcome as pioneers conserving or restoring all the risk with losses in the more sustainable practices environmentally conscious concern for the environment.
planting soy in new lands; native vegetation? How field. Every time they have to and set aside areas for and aware of the impacts
their current reality dealing can we overcome those make a decision about the restoration or conservation. of agricultural activities on Read more reflections
hurdles? farm, they counterbalance nature and vice versa. They from Gomes on the
have a good understanding fund’s website .
143 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Land Innovation Fund

The next round

of projects
The Land Innovation Fund will continue to work in broad coalition with many
different types of partners to achieve soy sector transformation across South
America. In May 2023, Chemonics announced the proposals that will receive
support as part of the fund’s third round of projects. They include:

Regenerative practices Climate-smart and SustentAgro: Forest Carbon Incentives

in Bolivia sustainable landscapes in Crop-livestock-forest in
This project will
western Mato Grosso sustainable soy chains
The lowlands of address the major gap
eastern Bolivia are The aim of this project Continuing to connect of agricultural sector
home to an ecosystem is to enable farmers to viable engagement in the state of
known as the Chiquitano Dry sustainable solutions that economic models for Tocantins’ REDD+ program,
Forest that is under great integrate easily into the sustainable services, this which will soon sell verified
pressure from deforestation. current jurisdictional project will examine how 30 carbon credits. The project
This project will pilot approach for the REDD+ farms across 60,000 aims to develop a multi-
regenerative agricultural system. In an area that hectares can validate their stakeholder initiative to
practices in different soil includes some of the highest environmental compliance engage farmers in REDD+,
conditions across 53,000 soy-producing municipalities and sustainability criteria. especially soy and beef
hectares – aiming to in Brazil – and some of the Uniquely, it will look at the producers who wish to
influence 1 million hectares highest rates of land integrated crop-livestock- maintain access to
of soy and cattle farms in conversion – the project will forest system with the goal international markets
the region. seek to drive conservation of connecting producers to requiring zero land
and restoration through carbon markets and other conversion or low-carbon
Implementing partners: economic incentives. sources of revenue for agricultural commodities.
The Foundation for the environmental services.
Conservation of the Implementing partners: Implementing partners:
Chiquitano Forest (FCBC), in The Amazon Environmental Implementing partner: Earth Innovation Institute
partnership with the Regional Research Institute (IPAM), in The ILPF Network (EII), in partnership with
Consortium for Experimental partnership with Produzindo Association Produzindo Certo and Taxo
Agriculture (CREA) in Bolivia Certo and ProForest Agroambiental
and the Conservation
Strategy Fund (CSF)
144 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Putting farmers
at the center
We continue to support the collective action of the Soft
Commodities Forum (SCF) to drive sector transformation
– including putting the farmer at the center of this effort
through the Farmer First Clusters initiative.

Launched in late 2022, the Farmer First Clusters focuses

on the four states of Brazil’s Matopiba region, employing
a tailored, smart mix of solutions in different landscapes
to address deforestation and conversion and encourage
alternative mechanisms for conservation. This includes
clusters related to restoring native vegetation; compensation
for surplus legal reserve; integrated farming of livestock,
crops and forests; incentives for expanding soy in existing
Helping farmers meet Gathering around the
pastureland; and technical assistance and extension
services for sustainable production and compliance with the
new requirements table to find solutions
Forest Code. In Paraguay, regulation of farming operations is moving the
Multi-stakeholder roundtables are an important way to
sector down a sustainable path. To help farmers comply
drive sectorwide progress and are a good complement to
The Farmer First Clusters has defined key progress with the country’s social and environmental regulations, we
the initiatives we lead individually. In addition to work with
indicators and is signing up implementation partners. Cargill worked with an industry group on a common set
ViSeC in Argentina to advance supply chain traceability
has committed $1.35 million over three years to the initiative, of recommendations.
(see page 141), we participate in ongoing roundtables in
as part of our far-reaching efforts to ensure that farmers have Paraguay to help drive farmer regularization with regards
viable economic alternatives to land conversion. Paraguay requires farmers to have a risk analysis done
to government licenses and social and environmental
for social and environmental indicators to receive a formal
protocols. Discussions in Paraguay have also focused on
license to operate. This includes ensuring farms conserve
common maps for polygons and other approaches that help

$1.35 million
25% of forested areas and protect waterways. It also covers
standardize sustainable practices.
proper treatment of workers and fair wages, as well as
protections for indigenous lands.
We also are working toward a soy roundtable in Bolivia.
Amount Cargill is committing to In December 2022 and again in May 2023, our team met
We are working with our suppliers to help them understand
the Farmer First Clusters initiative how to comply with the requirements from the licensing
with numerous stakeholders such as farmers and traders,
over three years financial institutions and NGOs. We discussed minimum
process, as well as ways that they can restore forested
criteria to move towards more sustainable production,
areas if they do not meet the 25% conservation minimum.
measuring carbon sequestration, cutoff dates for
In this way, we are also helping them preserve access to key
deforestation and more. This will help move the country’s
exporting markets like the European Union.
soy sector toward a more sustainable future.
145 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Building traceability This complex and rigorous achievement involved extensive

work by our sustainability and commercial teams to gather
connections to enable sustainable agricultural production.
Going forward, not only can we monitor soy entering our

across South America information about thousands of suppliers across large areas
within these four countries. To do it, commercial teams used
direct supply chain across South America, we can also
engage with farmers if we see an environmental risk and
We are proud to share that we have now completed a tool called Survey123 from ArcGIS to catalog information make them aware of sustainable solutions that may be
mapping of polygons from all farm boundaries for all our about each supplier and link them to polygons from public available for conserving native vegetation, sequestering
direct suppliers in Argentina, Bolivia, Paraguay and Uruguay databases. Across the four countries, we identified more carbon, and other environmental outcomes.
who delivered soy to us in our fiscal year 2022 (between than 20,000 polygons connected to our thousands of

Engaging with
June 1, 2021 and May 31, 2022). This mapping was not suppliers, and commercial teams engaged with suppliers
completed in time to use in our internal audit and DCF directly when needed to get information. We are now
calculations for 2022, which is why our reported numbers on
page 134 are less than 100%. However, in the future, we will
verifying the amount of volume produced in each farm to
guarantee that we mapped all volumes received in each indirect suppliers
be able to continually update our database to account for country (see more about this process on p. 147). In Brazil, we continue to work with indirect suppliers, like
new suppliers and stay as close to 100% mapped farmer cooperatives, to promote sustainable practices and
as possible. In this effort, our extensive commercial knowledge and due diligence across the soy sector. In 2023, we worked
relationships were key. It demonstrates how our broad with other peer companies to take a sectoral approach to
reach and industry-leading capabilities can make crucial this engagement, so that all cooperatives and intermediary
suppliers have a single set of common expectations no
matter who they sell to.

In June of this year, we began defining protocols for

traceability and compliance that these suppliers will use.
The sector worked with leading technical expert Instituto
BioSistêmico (IBS) on these protocols, and indirect suppliers
will have until the 2024 crop year to implement them.

In Bolivia, we began an individual engagement with all

indirect suppliers to clearly define our expected protocols
that align with our soy policy and our Supplier Code of
Conduct. Ultimately, this work will be another form of due
diligence to increase traceability in our indirectly sourced
soy, protect against non-compliant soy leaking into our
supply chain, and promote responsible production across
the entire sector.
146 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Ensuring due diligence

We rely on public data to connect farm polygons to the else may be leasing it from that owner to grow crops, our farmer partners to show that they are doing the right
entities selling soy to us. But that public data only tells part meaning that the producer’s name does not appear in thing. Our system is one of continuous improvement, and
of the story. In reality, a farmer may have many commercial public databases. commercial relationships evolve and change continuously
relationships with family members and affiliated business as well. But we are relentless in our work to keep refining it
entities that can make it hard to determine who exactly is But we are not letting this complexity deter us. We have and proud of our industry-leading data and controls. It gives
selling soy to us – or reselling it from their business partners. developed a robust approach to solving this puzzle, creating us good visibility to investigate and act, especially when a
Additionally, while land is registered to the owner, someone transparency in our supply chain while also enabling supplier is accused of violating our soy policy.

1
Mapping
An example of how
one Cargill supplier
may have many family
members with their
Wife Brother

To ensure that we are accurately mapping the polygons own farming operations
producing the soy we buy – and that soy grown by entities and affiliated
blocked in our commercial system is not being rerouted businesses that can
through business partners – our commercial teams outline produce or sell soy
aedge in our databases to supplement public data, while
being sure to adhere to applicable privacy laws.

Son Son

Main supplier

Daughter
147 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

2
Validating
3
Blocking
4
Responding
When direct suppliers deliver soy to us, they indicate Our commercial systems automatically block any farm When third parties feel we may have missed non-
the farm polygons where they grew that soy. As due in Brazil that appears on various government lists for compliant soy being re-routed through business partners
diligence to ensure that these deliveries are accurately violations of the law or sectoral lists for failure to adhere – or want to address some other issue they feel is not
linked to the right polygons, we cross-reference the to agreed environmental commitments. Thanks to our in compliance with our policies – they raise a grievance.
delivered volumes with average soy yields in the deep understanding of the commercial relationships We take these grievances seriously and investigate
area. This allows us to make sure that a supplier isn’t in the supply chain, we can also block affiliated farms immediately (see p. 148).
attributing more volumes to a polygon than is reasonable until we can confirm that non-compliant soy is not
or likely based on the region’s typical production. being re-routed to us through these alternative channels
(see p. 148).
148 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

How and why

we block farms Blocked farms by list in calendar year 2022
Additional operations
Thanks to our detailed mapping of commercial relationships we analyzed to avoid
Number of farms rerouting of soy from
in our supply chain, we have a strong system of controls
we blocked restricted areas
to help ensure the integrity of our direct soy supply chain

909 702
in Brazil. Federal IBAMA
Covering all of Brazil, this list by the country’s environmental
lists
agency includes embargoes for all types of illegal environmental
Every day, our automated system consults lists managed
activity such as illegal deforestation, improper licenses and
by various government agencies and sectoral organizations. farm management issues
When a farming operation appears on one of these lists [for
a violation or noncompliance], it is immediately blocked so it
is not eligible to sell soy to us.
ICMBIO
Covering all protected conservation areas within Brazil, 3 3
this list includes embargoes for deforestation violations inside
those areas
We also block other farms registered to the same person or
entity in the state, as well as those with whom they have a
close commercial relationship. These affiliated farms cannot
Slave Labor List
Including all of Brazil, this list marks suppliers accused of
making use of workers under conditions analogous to slavery
31 9
be unblocked until we conduct a thorough analysis to help according to Brazilian laws
ensure that soy from the violating farm is not being rerouted
and sold to us through the affiliated operation. State
lists
Embargoes Mato Grosso
A list managed by the state’s environmental agency recording 291 172
all environmental violations
Each new crop season, we re-evaluate these commercial
relationships and check to ensure that affiliated farms still
are not re-routing soy from blocked commercial partners.
List of Illegal Deforestation (LDI) from Pará
A list run by the state’s environmental agency covering
illegal deforestation
58 0
Our supply chain was audited this year for compliance with
the Soy Moratorium and Green Grain Protocol, and no non-
compliant soy was found.
Sectoral
lists
Green Grain Protocol
This is part of a commitment signed in 2014 that establishes 48 5
criteria for responsibly purchasing grain from farms
operating in Pará

Amazon Soy Moratorium

Managed by the Soy Working Group, this list monitors all
types of conversion of native vegetation to soy production in
125 56
Brazil’s Amazon biome

Total
1,465 947
149 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Addressing
grievances
Our system of controls to block farms is thorough, but
we also welcome concerns from third parties when they
127 soy-related grievances were reported in our system
during calendar year 2022
feel something is not right. We take immediate action to
investigate when we receive reports of a problem related Environmental
Environmental Social and social
to our supply chain. Our grievance process  lays
out a transparent mechanism for us to review, address
and monitor any concerns as they are raised to us in
relation to compliance with our soy policy. This includes
documenting who raised the grievance, the farms or
50
were related
organizations being investigated, the status of our to our supply chain
investigation, and our findings. or operations

We take grievances seriously. We do not tolerate

retaliation against anyone who, in good faith, raises
a concern or participates in an investigation or
whistleblowing. We prohibit harassment, intimidation
and the use of violence by any employee, supplier or
third-party contractor throughout engagement in our
grievance process. Additionally, all suppliers are subject
77
were unrelated
to Cargill’s Supplier Code of Conduct  and our Policy to our supply chain
on Forests . or operations
150 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Strengthening communities where we operate

Investing in WASH resources Protecting children from exploitation Making a positive impact
Cargill has a global commitment to enable a water positive Everywhere we do business, our commitment to protecting Our teams know that communities need resilience. Through
impact in our operations, supply chains and communities. children is unwavering. We seek to prevent child labor, the Cargill Foundation in Brazil, about 100 Cargill Cares
That includes helping communities secure access to the expand access to education and mitigate risk of other forms Councils tied to our agricultural supply chain business
clean water, sanitation and hygiene (WASH) resources they of exploitation. Starting 16 years ago, we were the first regularly volunteer in the communities where we operate.
need for healthy living. agribusiness in Brazil to work with leading non-profit partner They connect with community leaders to understand the
World Childhood Brazil Institute to help protect children most pressing needs where they can make a difference, and
Brazil is a priority region within our global water commitment. who may be vulnerable to sexual exploitation on Brazilian then they take action.
This year, we launched a WASH initiative with Global Water roadways through the On The Right Track program.
Challenge to positively impact 20,000 people in communities Activities frequently include supporting food banks, enabling
closely tied to our operations and supply chains across five In addition, we are working with this organization to female entrepreneurship and empowerment, helping
states. help local officials and community leaders get access smallholder farmers raise their productivity and livelihoods,
to knowledge and resources so they can mitigate such and other efforts linked to improving food security.
Beyond helping communities improve access to issues in port towns. This year, we signed a public-private
drinkable water, these projects have an additional focus partnership with the local government in Pará state
of empowering women in the communities with training to help them expand their programming and promote

1,400+
and leadership resources. They also will benefit farmer greater awareness in protecting the rights of children and
livelihoods, as well as community health and resilience to adolescents.
climate change.
Protecting children in this way is an important human rights
priority and one we are proud to help lead.
employee
volunteers
help improve the communities
where they live and work
151 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

References

How we calculated our DCF figures Footnotes

Brazil To arrive at a total DCF percentage of 94% for all of Brazil,
i Source: Ministério de Agricultura, Ganadería y Pesca de Argentina
we calculated a weighted average for each municipality
(MAGYP) 
For our directly sourced supplies, we used polygon based on our local proportion of direct and indirect supplies
farm boundaries to calculate our DCF percentage. For using the two methodologies above and then tallied ii Source: Asociación de Productores de Oleaginosas y Trigo (ANAPO) 
direct suppliers who own the land, we used automated a weighted average for the entire country. iii Source: Companhia Nacional de Abastecimento (CONAB) 
consultation of the INCRA-SIGEF website  (subscription
iv Source: Instituto de Biotecnología Agrícola y Unión de Gremios de la
required). For direct suppliers who rent land to grow their
soy, our commercial team identified them and collected
Argentina, Bolivia, Paraguay Producción (INBIO-UGP) 

data. and Uruguay v Source: Ministerio de Ganadería, Agricultura y Pesca (MGAP) 

Although we completed polygon mapping for direct

Once these farm boundaries were identified, we analyzed suppliers in these countries in recent months, it was too late
historical satellite images from the U.S. Geological Survey to use these polygons in calculating our DCF percentage for
and data from the University of Maryland to determine the 2022 during our internal audit. Therefore, in all four countries
percentage of soy volumes that came from farms where land we used the sectoral average methodology based on our
had not been converted from native vegetation since 2008 – market share in each local producing region. For future
a date that aligns with Brazil’s Forest Code. reporting, we will use farm polygons to calculate DCF rates
for direct supplies and sectoral averages to calculate DCF
For our indirect supplies, we used the historical data above rates for indirect supplies, similar to what we did in Brazil
to calculate the DCF percentage for the full soy sector in for this report.
every municipality in Brazil. We then cross-referenced this
sectoral average with our market share in the local area to
arrive at a DCF percentage for our indirect supply in each
municipality.
152 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Appendix To provide further context on our ESG performance, we have included

our Task Force on Climate-Related Financial Disclosures (TCFD),
the Sustainability Accounting Standards Board (SASB) Disclosure
for the Agricultural Products sector, and an Animal Welfare Index
in the following Appendix. Additional disclosures, including our 2023
CDP Climate Response, can be viewed in our online reporting hub .
153 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

2023 TCFD Index

Category Recommended disclosure Disclosure reference

Governance a. Describe the board’s oversight of climate related risks & opportunities 2023 CDP Climate Response: C1.1a, C1.1b
ESG Governance p. 10 (ESG Report reference)

b. Describe management’s role in assessing the managing climate related 2023 CDP Climate Response: C1.2, C1.2a
risks and opportunities ESG Governance p. 10 (ESG Report reference)

Strategy a. Describe the climate-related risks & opportunities the organization has 2023 CDP Climate Response: C2.1a, C2.1b, C2.3a,
identified over the short, medium, and long term C2.4a

b. Describe the impact of climate-related risks and opportunities on the 2023 CDP Climate Response: C2.3a, C3.1, C3.2a,
organization’s businesses, strategy and financial planning C3.2b, C3.3, C3.4

c. Describe the resilience of the organization’s strategy, taking into consideration 2023 CDP Climate Response: C3.2, C3.2a, C3.2b
different climate related scenarios, including a 2C or lower scenario

Risk management a. Describe the organization’s process for identifying and assessing climate- 2023 CDP Climate Response: C2.1, C2.1a, C2.1b,
related risks C2.2, C2.2a

b. Describe the organization’s processes for managing climate-related risks

c. Describe how processing for identifying, assessing, and managing climate- Materiality section of report
related risks are integrated into the organization’s overall risk management

Metrics and targets a. Disclose the metrics used by the organization to assess climate-related risks 2023 CDP Climate Response: C4.2, C9.1
and opportunities in line with its strategy and risk management process

b. Disclose Scope 1, Scope 2 and if appropriate, Scope 3 GHG emissions, and 2022 CDP Climate Response: C6.1, C6.3, C6.5
the related risks

c. Describe the targets used by the organization to manage climate-related risks 2023 CDP Climate Response: C4.1a, C4.1b
and opportunities and performance against targets 2023 CDP Water Security response: W8.1a
ESG Scorecard p. 11 (ESG Report reference)
154 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

2023 Sustainability Accounting Standards Board (SASB) Index

Agricultural Products v.2023-06

Topic Accounting Metric Unit of Measure Code Reference 2023

GHG Emissions Gross global Scope 1 emissions Metric tons (t) CO -e FB-AG-110.a1 CDP Climate-C6.1, Scope 1: 6,927,653
C5.3, C4.1a, C4.3b CO2: 6,497,856
CH4: 398,572
N2O: 31,225

Discussion of long-term and NA FB-AG-110.a2 CDP Climate- C4.1a, CDP Climate 

short-term strategy or plan to Climate Chapter of Chapter of Report
manage Scope 1 emissions, ESG Report
reduction targets, and an
analysis of performance against
those targets

Fleet fuel consumed, percentage Gigajoules (GJ), FB-AG-110.a3 CDP Climate Not applicable for
renewable Percentage (%) Cargill- not material.

Energy 1. Operational energy consumed, Gigajoules (GJ), FB-AG-130a.1 CDP Climate 8.2a 50,281,880
Management Percentage (%)
2. percentage grid electricity, CDP Climate 8.2a 7,386,184

3. percentage renewable CDP Climate 8.2a 8,437,598

Water 1. Total water withdrawn, Thousand cubic FB-AG-140a.1 CDP Water 1.2b 50,281,880
Management meters (m³),
2. total water consumed, Percentage (%) CDP Water 1.2b Total: 93950
percentage of each in regions
with High or Extremely High
Baseline Water Stress

Description of water management NA FB-AG-140a.2 CDP Water CDP Water 

risks and discussion of strategies
and practices to mitigate those risks
155 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Topic Accounting Metric Unit of Measure Code Reference 2023

Water Number of incidents of non- Number FB-AG-140a.3 CDP Water 2.2a 12 incidents that
Management compliance associated with water resulted in a fine.
Continued... quantity and/or quality permits,
standards, and regulations

Food Safety Global Food Safety Initiative Rate FB-AG-250a.1 3.14

(GFSI) audit
1. non-conformance rate and

2. associated corrective action Rate FB-AG-250a.1

rate for
(a) major and (a) 3.12
(b) minor non-conformances (b) 0.02

Percentage of agricultural Percentage (%) by FB-AG-250a.2 NA

products sourced from suppliers cost
certified to a Global Food Safety
Initiative (GFSI) recognized food
safety certification program

1. number of recalls issued and Number, Metric FB-AG-250a.3 3

2. total amount of food product tons (t) 30.28MT
recalled

Workforce Health Total recordable incident rate (TRIR) Rate FB-AG-320a.1 1.29 Reportable Injury
& Safety Frequency Rate

Environmental & Percentage of agricultural products Percentage (%) by FB-AG-430a.1 CDP Forest F6.3 Palm: 34%
Social Impacts sourced that are certified to a cost Soy: 5%
third-party environmental and/or Cocoa: 47%
of Ingredient
social standard, and percentages
Supply Chain by standard
156 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Topic Accounting Metric Unit of Measure Code Reference 2023

Environmental & Suppliers’ social and Rate FB-AG-430a.2 ESG Report Supply Chain
Social Impacts environmental responsibility audit Chapters -
1. non-conformance rate and Grievance process
of Ingredient
Supply Chain
Continued... Suppliers’ social and
environmental responsibility audit
2. associated corrective action
rate for
(a) major and
(b) minor non-conformances

Discussion of strategy to manage NA FB-AG-430a.3 ESG Report Supply Chain

environmental and social risks Chapters
arising from contract growing
and commodity sourcing

GMO Management Discussion of strategies to NA FB-AG-430b.1 GMO Statement 

manage the use of genetically
modified organisms (GMOs)

Ingredient Identification of principal crops NA FB-AG-440a.1 CDP Forest 3.1b, 3.2a CDP Forest 
Sourcing and description of risks and
opportunities presented by
climate change

Percentage of agricultural Percentage (%) FB-AG-440a.2 CDP Water: FB1.2g Maize/Corn: 11-25%
products sourced from regions by cost Soy: 11-25%
with High or Extremely High Cocoa: <1%
Baseline Water Stress Cattle products: 26-50%
Palm Oil: 0%
157 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Topic Accounting Metric Unit of Measure Code Reference 2023

Activity Metrics Production by principal crop Metric tons (t) FB-AG-000.A Total FFB volume
produced by
estates managed or
controlled by your
company (tonnes)
1,774,983.77

Number of processing FB-AG-000.B 807

facilities Facilities included in
our GHG emissions
reporting

Total land FB-AG-000.C Total land controlled

or managed for oil
palm cultivation
- planted and
infrastructure
(hectares) 82,435.39

Cost of agricultural products FB-AG-000.D Cargill Considers

sourced externally this data to be
confidential
158 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill Animal Welfare - Performance Data

Percentage of animals in our global operations and supply chains free from close confinement

Species (global total) Fiscal year 2023 total Additional notes

Beef 77.8% Do not live in barns

Dairy cattle 78.1% Do not live in barns

Turkeys 100% Cage-free (indoor group-housed)

Laying hens 55% Cage-free. Figure as of May 31, 2023.

Broilers 100% Cage-free

159 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill Animal Welfare - Performance Data

Percentage of animals in our global operations and supply chains provided with species-specific enrichments

Species (global total) Fiscal year 2023 total Additional notes

Beef 100% Cattle spend almost their entire lives outdoors.

We do not raise cattle, and they are at our
facilities for only a few hours prior to slaughter.
All cattle at those facilities have access
to one or more of the following enrichments:
sprinklers, wind breaks, fans and shade.

Dairy cattle 100% All cattle at our slaughter facilities have access
to one or more of the following enrichments:
sprinklers, wind breaks, fans and shade.

Turkeys 74.4% These turkeys are housed in barns

that allow natural sunlight.

Laying hens 50% These include nest boxes, perches,

and forage and dustbathing areas.
Figure as of May 31, 2023

Broilers 43.5% These include access to natural light, straw

bales, perches and/or pecking objects.
160 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill Animal Welfare - Performance Data

Percentage of animals in our global operations and supply chains that are free from physical alterations

Species (global total) Fiscal year 2023 total Additional notes

Beef 38.9%

Cargill does not alter any cattle in our care.

This percentage also indicates beef cattle that
were not subject to castration, tail docking or
Dairy cattle 87.7%
dehorning prior to arriving at our facilities.

Turkeys 0% All turkeys in our supply chain receive

beak and toe treatments to prevent them
from harming themselves or other birds.
No turkeys in our supply chain are desnooded.

Laying hens Less than 10% Beak trimming or treatment is done by

trained personnel to prevent pecking and
cannibalism among birds and must adhere
to the requirements of the respective
certifying body. Figure as of May 31, 2023

Broilers 100%
161 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill Animal Welfare - Performance Data

Percentage of animals in our global operations and supply chains that are transported within 8 hours or less at a time

Species (global total) Fiscal year 2023 total Additional notes

Beef More than 90% This covers transportation time from the most
recent point of departure to our facilities.

Dairy cattle More than 90%

Turkeys More than 99%

Laying hens More than 95% Figure as of May 31, 2023

Broilers 100%
162 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill Animal Welfare - Performance Data

Percentage of animals in our global operations and supply chains that are stunned prior to slaughter

Species (global total) Fiscal year 2023 total Additional notes

Beef 100%

Dairy cattle 100%

Turkeys 100%

Laying hens Not applicable Cargill does not receive or process any
egg-laying hens. We purchase tankers of
liquid egg.

Broilers 100%
163 Cargill ESG Report 2023 Overview Strategy Climate Land and Water People Community Impact Ethics and Compliance Delivering Impact Sustainable Supply Chains Appendix

Cargill Animal Welfare - Performance Data

Additional outcome measures specific to each species

Species (global total) Fiscal year 2023 total Additional notes

Cattle
No slips 100%

No falls 100%

Turkeys
Meets outcomes of composite More than 98%
welfare index from the National
Turkey Federation

Broilers
Free from footpad dermatitis 90%

Laying hens
Tankers of egg product 100% All tankers of egg product we receive are
independently audited for certified by United Egg Producers, Humane
animal welfare standards Farm Animal Care or American Humane
Association, each of which adheres to its
respective body’s animal welfare standards
and requires independent, third-party
audits. Figure as of May 31, 2023.
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