HAMILTON, Mont., Jan. 5, 2022 /PRNewswire/ — Local Bounti Corporation, a breakthrough U.S. indoor agriculture company, today announced the issuance of its inaugural Corporate Sustainability Report.
The report, which follows the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards and aligns with the United Nations Sustainability Development Goals, contains firm environmental, social and governance (ESG) commitments — a first for the controlled environment agriculture (CEA) industry — including:
- Investing in and supporting Local Bounti employees by paying a Living Wage while providing full time, non-seasonal jobs with full benefits
- Producing greenhouse gas (GHG)-neutral leafy greens by 2030
- Investing in underserved communities by committing to spend over $50 million in facilities located in Federal Opportunity Zones
- Reporting transparently, using GRI and SASB international frameworks, including full Scope 1 and 2 GHG values and actual water usage
In September 2021, Local Bounti became one of the first U.S.-based CEA companies to participate in the United Nations Global Compact Initiative, demonstrating its commitment to sustainability, with a mission-based business model and strategy that supports multiple UN goals and principles for a responsible business.
“As a leader in disruptive AgTech we have established a number of firsts for the Company in 2021 following our UN participation, including a leadership role for corporate sustainability in our industry,” said Craig Hurlbert, Co-CEO of Local Bounti.
“Sustainability is deeply entrenched in our corporate culture and overall ESG goals, and I’m proud that our team is committed to Turn a New Leaf™ in agriculture, establishing our reputation for corporate responsibility early in Local Bounti’s history.”
Leading the industry in transparent sustainability means using worldwide standards, which is why Local Bounti is reporting in accordance with the GRI standards starting with 2021, Hurlbert explained.
Review the Local Bounti Inaugural Sustainability Report here.
Review Local Bounti’s Sustainability Website here.
About Local Bounti
Local Bounti is a premier controlled environment agriculture (CEA) company redefining conversion efficiency and environmental, social and governance (ESG) standards for indoor agriculture. Local Bounti operates an advanced indoor growing facility in Hamilton, Montana, within a few hours’ drive of its retail and food service partners. Reaching retail shelves in record time post-harvest, Local Bounti produce is superior in taste and quality compared to traditional field-grown greens. Local Bounti’s USDA Harmonized Good Agricultural Practices (GAP Plus+) and non-genetically modified organisms (GMO) produce is sustainably grown using proprietary technology 365 days a year, free of pesticides and herbicides, and using 90% less land and 90% less water than conventional outdoor farming methods. With a mission to ‘bring our farm to your kitchen in the fewest food miles possible,’ Local Bounti is disrupting the cultivation and delivery of produce. Local Bounti is also committed to making meaningful connections and giving back to each of the communities it serves. To find out more, visit localbounti.com or follow the company on LinkedIn for the latest news and developments.
