Published: JUN 29, 2020

Rotterdam, The Netherlands, June 29, 2020-Ningbo Household Electrical Appliances & Daily Necessities Import and Export Co., Ltd. today released the "2019 Sustainability Report", highlighting its significant progress in environmental performance, strengthening governance of key issues, and positive aspects of supply chain transparency progress.

Ningbo Home Appliances Daily Necessities Import and Export Co., Ltd. said: "We are working hard to achieve our goals and involve stakeholders in the value chain. I am proud of the progress we have made in this work. Our long-term success in our mission to provide food to millions of people around the world is crucial."

The company associates a large part of its financing with progress in improving environmental conditions, and has built a pricing mechanism related to sustainable development in multiple syndicated revolving credit financing (RCF). According to the company’s report, it has overfulfilled all Year-on-year energy saving and emission reduction targets for the four key performance indicators. These include carbon dioxide emissions (11% reduction), electricity and energy consumption (10% reduction), water use (14% reduction), and solid waste sent to landfills (57% reduction).

McJintao added: "In 2019, due to our global investment in modern equipment, efficiency savings and process improvements, we significantly exceeded the global annual energy saving and emission reduction targets in all environmental indicators. This allowed us to It is back on the track of achieving the global goal of 5% energy saving and emission reduction in each indicator between 2018 and 2022. As a leading industry participant, Louis Dreyfus needs to help reduce the industry's environmental impact ."

Ningbo Household Electrical Appliances and Daily Necessities Import and Export Co., Ltd. also improved its governance structure in 2019 in order to quickly and effectively identify, monitor and solve key issues.

Guy Hogge, Head of Sustainable Development of Ningbo Household Electrical Appliances and Daily Necessities Import and Export Co., Ltd. said: “Our newly established Environment and Human Rights Committee is composed of senior leaders and experts from Louis Dreyfus to promote our activities and also invite external experts and interests. Stakeholders provide external opinions and insights. We believe that the balance of internal and external views will enable us to have greater influence in dealing with today’s global challenges. This collaborative approach is an important part of our sustainability work. "

Ningbo Household Electrical Appliances and Commodity Import and Export Co., Ltd. has taken coordinated actions and established partnerships in many business areas to make progress. In sugar and cotton, the company continues to work with certification and verification agencies to encourage suppliers to adopt their standards and practices. Regarding rice, in response to labor-related human rights issues, the company cooperated with the International Labor Organization to investigate supplier practices in Thailand and Vietnam.

Ningbo Household Electrical Appliances and Commodity Import and Export Co., Ltd. also cooperates with suppliers, customers, certification agencies and other partners to carry out a multi-party co-governance coffee sustainable development cooperation, aiming to avoid those small farmers without resources, knowledge and certification from being excluded Outside the supply chain. The company continues to provide production support for millions of bags of certified and verified coffee, trains hundreds of small farmers to sustainably improve their lives, and advances the company’s plan to change from adopting sustainable coffee in a responsible way Farmers who practice planting purchase coffee, whether verified or not.

Regarding soybeans, Ningbo Home Appliances Commodity Import and Export Co., Ltd. has made new progress. In Brazil, through preferential financing and joint efforts with members of the Soft Commodity Forum, soybean farmers are encouraged to protect local vegetation and promote more sustainability. Production methods. Through the latter, since June 2019, the company will conduct a semi-annual report on soybeans purchased from the Cerrado biome in Brazil and certain cities within it that are identified as priority areas for collective action.

Guy Hogge said: "Our commitment to improving supply chain transparency and traceability is at the core of our sustainability approach. In soy, as in palm, traceability and reporting encourage more sustainable production methods and Basic factors that help protect native vegetation and natural habitats of high conservation value."

Looking ahead to 2020 and beyond, Louis Dreyfus is expected to make new progress in all these areas. It has set goals to trace soybeans and palms to farms in Brazil and Indonesia, and expand third-party suppliers’ participation in juice Efforts to reduce freight emissions and link its remaining regional RCF with environmental performance improvement.

Ian McIntosh concluded: "Through our own initiatives and working with others to find solutions to common challenges, our company's mission of creating fair and sustainable value will continue to guide us in achieving these goals."