Local Bounti Corporation has issued its full year 2021 Corporate Sustainability Report. The report, which follows standards set forth in the Global Reporting Initiative ("GRI") and Sustainability Accounting Standards Board ("SASB") and aligns with the United Nations Sustainability Development Goals ("UN SDG"), 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 customary 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 SDG goals and principles for a responsible business.
Craig Hurlbert, Co-Founder and Co-Chief Executive Officer of Local Bounti, commented, "Local Bounti has our sights set on being a leader in the global CEA industry. At the same time, we are a local business. We invest in local communities, hire local talent, and deliver fresh, delicious and sustainable products to families in the local communities we serve. Being the CEA sustainability leader is undoubtedly a challenge, yet one the entire Local Bounti team is excited to deliver upon. As part of our sustainability commitment, we are committed to transparency and are pleased to share this report with our stakeholders to provide an in-depth view of our sustainability initiatives and performance."
Review the Local Bounti Full Year 2021 Sustainability Report here
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