ADM issues inaugural Sustainability Bond Allocation Report

At ADM, sustainable practices and environmental stewardship are pillars of our growth strategy and foundations of our purpose as a company. At a time when consumers around the world are increasingly expecting products to come from sustainable ingredients produced by companies that align with their values, environmental and social responsibility is increasingly at the forefront of today's discussions with investors, customers, employees and other stakeholders. But our commitment to sustainability goes back long before the current moment: For 120 years, our business has been deeply connected to the land and sustainable stewardship. And today, we're doing even more, working both independently and collaboratively to end deforestation, preserve biodiversity, reduce greenhouse gas emissions and conserve resources in our operations and across the food and agriculture value chains.

Last year, ADM offered its first ever sustainable bond: $750 million in notes to help scale up our wide array of environmental and social projects in eligible categories as outlined in ADM's Sustainable Financing Framework criteria, including research, development and investment in new products for sustainable agriculture; sustainable aquaculture; green buildings; energy efficiency; renewable energy; clean transportation; water and waste management; and pollution prevention and control.

Now, a year later, we're proud to publish our first Sustainability Bond Allocation Report, outlining how the proceeds from that offering are advancing this important work.

As of this initial report, ADM has deployed $376.1 million of the $750 million. Almost three quarters of the allocated funds went to projects supporting sustainable agriculture, including investments and expenditures to protect, restore and promote sustainable use of land and ecosystems – which is critical to ADM's future and the future of our global food and agriculture supply chains. Our projects in this area include efforts to expand production capacity to meet global demand for plant-based protein.