Bunge Limited

Additionally, The EPA penalized Bunge under the Clean Water Act in 2024 for discharging roughly 20,000 gallons of mixed soybean oil and water directly into the Ohio River.

Bunge Limited has set science-based targets validated by the SBTi, but its climate policy engagement remains limited and its targets exclude material scope categories. The company’s validated targets cover Scope 1 and 2 emissions and a portion of Scope 3, but they notably omit emissions from land-use change linked to its agricultural supply chains, a dominant source of its climate impact. In 2022, shareholders urged a vote against the board, citing failure to set an adequate net-zero target and to realign capital expenditures with climate goals. While Bunge discloses some policy engagement, its overall stance is assessed as having limited ambition on policies related to land use and deforestation. This combination of an incomplete emissions target and insufficient policy advocacy places the company behind peers in aligning its operations with a low-carbon transition.

Joao Gonçalves, the senior director for Mighty Earth in Brazil, said Bunge, Cargill and JBS are the “worst culprits for driving deforestation” in the country. Trase data suggests the company is directly tied to the conversion of 77,000 hectares of rainforest into farmland in order to cultivate soy.