{"id":6389,"date":"2023-03-22T09:48:02","date_gmt":"2023-03-22T07:48:02","guid":{"rendered":"https:\/\/www.ldc.com\/co\/press-releases\/louis-dreyfus-company-reports-2022-financial-results-and-announces-scope-1-2-emissions-reduction-target\/"},"modified":"2023-03-22T12:42:56","modified_gmt":"2023-03-22T10:42:56","slug":"louis-dreyfus-company-reports-2022-financial-results-and-announces-scope-1-2-emissions-reduction-target","status":"publish","type":"press-release","link":"https:\/\/www.ldc.com\/co\/en\/press-releases\/louis-dreyfus-company-reports-2022-financial-results-and-announces-scope-1-2-emissions-reduction-target\/","title":{"rendered":"Louis Dreyfus Company Reports 2022 Financial Results and Announces Scope 1 & 2 Emissions Reduction Target\u00a0"},"content":{"rendered":"\n

Rotterdam, The Netherlands<\/strong>, March 22, 2023 \u2013 Louis Dreyfus Company B.V. (LDC) published today its consolidated financial results for the year ended December 31, 2022, in which the Group continued to fulfill its role to keep essential food and agricultural supply chains moving safely, reliably and responsibly amidst new and persistent geopolitical, macroeconomic and environmental turmoil. As part of the Group\u2019s decarbonization journey, LDC also announced today a 33.6% reduction target for its Scope 1 & 2 greenhouse gas emissions by 2030, compared to 2022 as its baseline year. <\/p>\n\n\n\n

\u201cDespite new and unprecedented challenges and disruptions, LDC further diversified its geographic and commercial portfolio in an effort to preserve global access to essential products, always with a focus on the safety and wellbeing of its teams around the world as a priority,\u201d said Margarita Louis-Dreyfus, Chairperson of the Supervisory Board. \u201cIn this extremely complex environment, collaboration across value chains is more essential than ever to find shared solutions to common challenges and help provide sustenance for people worldwide.\u201d\u00a0<\/p>\n\n\n\n

The Group\u2019s net sales amounted to US$59.9 billion for 2022, while Segment Operating Results stood at US$2,611 million for the year, supported by overall strong demand for the products commercialized by the Group. The company leveraged its global presence, market intelligence and risk management framework, reinforced since the advent of Covid-19, to capture profitable origination and sales opportunities while meeting customer demand, with EBITDA reaching US$2,347 million. <\/p>\n\n\n\n

\u201cIn the face of strong headwinds, we remained focused on keeping essential food, feed, fiber and ingredient supply chains moving to meet commitments to customers worldwide and secure continued financial and operating performance in 2022, while advancing with our strategic growth plans to balance strength and leadership in our core business with evolution for long-term relevance,\u201d said Michael Gelchie, LDC\u2019s Chief Executive Officer. <\/p>\n\n\n\n

In 2022, LDC continued to invest in core merchandizing operations, expand downstream and diversify revenue streams, and embrace innovative products, solutions and technologies.\u202fAmong other developments, the Group expanded its Grains & Oilseeds origination network with the acquisition of a leading grain business in Australia, invested in the construction of a joint-venture food industrial park in China, inaugurated a new lecithin plant in Indiana, US, opened a new R&D facility in California as the foundation of its new Plant Proteins business, diversified its B2C portfolio with a new juice and cooking oil products, and continued to invest in innovative startups with the potential to disrupt and complement its business activities. <\/p>\n\n\n\n

\u201cOur work does not stop here, as we step up activation of our strategic plans to maintain the positive momentum we have built, adapting to the fundamental shifts we see playing out: evolving consumption trends toward alternative proteins and healthier diet options, digitalization and disruptive innovation in agriculture and food production, and accelerating developments to address the increasingly urgent need for a more sustainable food system amid global climate and macroeconomic uncertainty,\u201d said Michael Gelchie. <\/p>\n\n\n\n

The Group also took important steps in its sustainability and decarbonization journey in 2022, including its commitment to eliminate deforestation and conversion of native vegetation<\/a> for agricultural purposes from its supply chains by the end of 2025, as well as progress in specific product lines, geographies and focus areas, to be reported on as part of LDC\u2019s upcoming Sustainability Report.  <\/p>\n\n\n\n

\u201cThe 33.6% emissions reduction target we announce today for scopes 1 and 2 by 2030 builds on the work of our Carbon Solutions team last year with all our business lines, to measure LDC\u2019s emissions profile as a basis for target-setting and reporting,\u201d said Michael Gelchie. \u201cOur target is aligned with Science-Based Target initiative<\/em> criteria and consistent with the Paris Agreement goal to limit global warming to 1.5\u00b0C above pre-industrial levels, in accordance with our commitment to contribute to global climate goals.\u201d  <\/p>\n\n\n\n

2022 Highlights:<\/strong> <\/p>\n\n\n\n