Bunge Global (BG) — ESG & Values Scores

Environment story

Bunge established Science Based Targets (SBT) in 2021 verified by SBTi, targeting 25% absolute reduction in Scopes 1&2 emissions and 12.3% Scope 3 reduction by 2030 from 2020 baseline. However, target net-zero year is not disclosed in available filings (penalty applies). Scope 3 emissions dominate the business model (upstream sources in supply chain); company acknowledges >70% of footprint in Scope 3. Non-deforestation commitment since 2015 is a material mitigation strategy, but greenwashing risk exists due to reliance on supply-chain monitoring rather than direct operational decarbonization. Renewable electricity percentage not disclosed. No major environmental fines reported, but exposure to tropical oil (palm) processing and deforestation regulatory risk (EUDR compliance required by Dec 2026) is significant. Limited evidence of physical decarbonization infrastructure investments beyond facility efficiency targets.

Criticisms on file

Palm oil and tropical oils processing (Other Oilseeds segment) with exposure to deforestation and habitat risk; 80% ownership of Loders joint venture refining palm, palm kernel, coconut oils
Source: BG 10-K Item 1, Business Description; Sustainability section
EU Deforestation Regulation (EUDR) compliance deadline extended to December 2026; company acknowledges need to evaluate implementation efforts and potential fines (EUR penalties, exclusion from procurement, prohibition on EU sales)
Source: BG 10-K Item 1A Risk Factors: Government Regulation section
Scope 3 emissions dominate footprint (>70%) and are largely driven by supply chain (upstream deforestation, agricultural practices); absolute reduction targets modest (12.3%) and contingent on supplier behavior
Source: BG 10-K Sustainability section, Metrics and Targets
No disclosed net-zero target year; company references 2030 SBT deadlines but not a Science-Based Net-Zero commitment or 2045/2050 net-zero pledge
Source: BG 10-K Item 1 Sustainability section; no explicit net-zero year stated

Disclosed initiatives

Science Based Targets (SBTi-verified)

2020 baseline; 25% Scopes 1&2 reduction by 2030; 12.3% Scope 3 reduction by 2030

Medium: targets do not extend to 2045 or beyond; medium-term horizon
Non-deforestation commitment

Established 2015; supply-chain monitoring and verification; native vegetation conversion prevention; regenerative agriculture programs in priority regions

Medium: addresses major source of Scope 3 emissions but relies on monitoring rather than direct control
Intensity reduction targets (2016 baseline, 2026 deadline)

Water (10% overall; 25% for high-stress facilities); waste to landfill (10%); energy (10%); Scope 1&2 emissions (10%)

Low-to-Medium: intensity metrics do not guarantee absolute emissions reductions
Renewable feedstock and low-carbon fuel initiatives

Certified regenerative agricultural practices; low-carbon feedstock supply; renewable diesel and biodiesel production via Bunge Chevron JV

Medium: addresses product portfolio transition but reliant on market demand and commodity pricing

Social story

Bunge employs approximately 34,000 people globally with positive reported labor relations and union representation governed by collective bargaining agreements. CEO-to-median-worker pay ratio not disclosed in available filings (data gap prevents precise scoring). Leadership diversity metrics not comprehensively disclosed; proxy statement indicates board gender diversity has been promoted through refreshment (5 new directors in 2025-2026 post-Viterra), but specific % of women/URG in executive and board leadership not quantified. No documented union-suppression activities or major strikes within 24 months reported. Supply-chain human-rights risks acknowledged (child labor due-diligence requirements under Swiss law; modern slavery risks in supply chain), but no evidence of material mitigated hazards disclosed. Worker safety is stated priority with safety culture reinforcement, but specific TRIR/injury rates not disclosed.

Criticisms on file

CEO-to-median-worker pay ratio not disclosed; proxy statement lacks comprehensive pay-equity or compensation-gap disclosures
Source: BG Proxy DEF 14A; Executive Compensation Tables section (pay ratio data not provided)
Leadership diversity metrics (women %, URG %) in executive and board roles not quantified in filings; board refreshment noted but no baseline/target diversity metrics disclosed
Source: BG Proxy DEF 14A; Board Composition Snapshot indicates gender representation improvement but lacks specific %
Supply-chain human-rights risks acknowledged, including forced labor, child labor in high-risk geographies (DRC, conflict minerals, cocoa regions); modern slavery statement required under Swiss law but not independently verified
Source: BG 10-K Item 1A Risk Factors; Government Regulation section on Swiss child labor due diligence
Viterra acquisition integration ongoing; no disclosures of labor practices, union status, or human-rights compliance at acquired entity
Source: BG 10-K Item 7 MD&A; Viterra acquisition completed July 2, 2025

Disclosed initiatives

Culture of Belonging program

Workforce inclusion and diversity initiatives; emphasis on unique viewpoints and backgrounds; global workforce skill diversity

Low-to-Medium: cultural initiative but lacks quantified diversity targets or outcomes
Learning & Development programs

Individual Development Plans; internal career opportunities; skills development for future roles

Low: addresses talent retention and engagement but not specifically tied to ESG outcomes
Workplace Safety culture

Vision of serious injuries and fatalities-free workplaces; continuous improvement measured by controls presence

Medium: safety priority stated but TRIR/specific metrics not disclosed
Swiss child labor due-diligence compliance

Adherence to Swiss Code of Obligations requirements; supply-chain audits for child labor; internationally recognized regulations equivalence

Low-to-Medium: compliance-driven, not proactive mitigation

Governance story

Bunge Global has solid governance framework with board independence approaching 75-80% threshold (5 new independent directors added post-Viterra in 2025-2026). No dual-class share structure identified (single-class registered shares, one vote per share, Swiss law incorporation with democratic voting). Board committees (Audit, HR&C, SCRC, ERMC, Corporate Governance) demonstrate distributed risk oversight. Lobbying expenditures and PAC contributions not quantified in available filings, but company discloses PAC board approval process and SCRC oversight of political engagement. No active antitrust or consumer-safety regulatory proceedings disclosed; company subject to Ukraine war operational risks but no material SEC enforcement actions reported. Redomestication to Switzerland (Nov 2023) and reincorporation from Bermuda increases regulatory scrutiny (CSRD, Swiss non-financial reporting requirements effective 2027). Risk governance framework established (ERMC, Chief Risk Officer, Management Risk Committee) but effectiveness not independently verified.

Criticisms on file

Lobbying expenditures and PAC contribution amounts not disclosed in available filings; SCRC provides oversight but transparency is limited
Source: BG Proxy DEF 14A Public Policy Engagements section; specific $ amounts not provided
No explicit climate-deregulation or consumer-protection lobbying positions disclosed; company's trade association alignment with climate/deforestation policies not independently audited
Source: BG Proxy DEF 14A Public Policy Engagements; refers to bunge.com/corporate-governance/political-contributions for details (not provided in source documents)
Redomestication to Switzerland (Nov 2023) subjects company to CSRD, Swiss non-financial reporting, and evolving EU sustainability regulations; compliance costs and enforcement risks elevated
Source: BG 10-K Item 1A Risk Factors: Government Regulation section; 10-K Item 1 History and Corporate Information
Viterra acquisition (July 2, 2025) integration ongoing; no independent governance audit or post-acquisition compliance assessment disclosed; successor liability and cultural alignment risks present
Source: BG 10-K Item 1A Risk Factors: May not realize benefits of acquisitions; BG 10-K Item 1 Business Combination with Viterra Limited

Disclosed initiatives

Enterprise Risk Management Committee (ERMC)

Dedicated Board committee; oversees commodity price, FX, liquidity, credit, country, climate, cybersecurity, sanctions risks; Chief Risk Officer reports to CEO

Medium-to-High: formal risk governance structure; regular oversight
Board refreshment and tenure management

5 new directors added post-Viterra (2025-2026); reduced average tenure; skills focus on agribusiness, supply chains, technology/cybersecurity, risk management, international markets

Medium: improves diversity and expertise; integration risk mitigation
Sustainability and Corporate Responsibility Committee (SCRC)

Oversees non-deforestation, emissions, human rights, food safety, water, energy, waste, sustainability reporting, public policy/lobbying alignment

Medium: integrates sustainability into governance but lacks enforcement mechanisms
Compliance with Swiss non-financial reporting and child labor due diligence

Annual non-financial matter report required for shareholder approval; child labor supply-chain audits; CSRD readiness (2027 deadline, postponed by EU to Jan 1, 2027)

Low-to-Medium: regulatory compliance-driven; increases disclosure burden

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Bunge Global. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Bunge Global in the app for interactive charts and portfolio building.

More in Consumer Staples

Walmart Inc. (WMT) Costco Wholesale Corporation (COST) The Coca-Cola Company (KO) The Procter & Gamble Company (PG) Philip Morris International Inc. (PM) PepsiCo Inc. (PEP)