Bunge Global

[9] In 2012, Bunge came under criticism from NGO Survival International[10] for sourcing its sugarcane from the ancestral land of the Guaraní people in Brazil.

It has been reported by the tribe that crop production has brought pesticides and machinery that has damaged their health, as well as restricting them to a small area that has prevented them from hunting and practicing their traditions.

[14] In January 2017, Archer Daniels Midland agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million.

Bunge was required to implement engineering changes and pollution control projects, estimated to cost $12 million, to reduce emissions at the facilities by 2,200 tons a year.

The settlement also called for Bunge to pay a cash penalty of $625,000 and to spend $1.25 million to fund community-based environmental projects selected by and to be supervised by the impacted states.

[22] In November 2005, Bunge created a Europe production joint venture biodiesel with French company KBBV and Diester Industrie.

As of 05 Feb 2020 A noteworthy case of transfer mispricing came to light in 2011 in Argentina involving the world’s four largest grain traders: ADM, Bunge, Cargill and Louis Dreyfus Company.

As a result of the investigation, it was alleged that the companies had submitted false declarations of sales and routed profits through tax havens or through their headquarters.

In some cases, they were said to have used phantom firms to buy grain and had inflated costs in Argentina in order to reduce the recorded profits earned in the country.

To date, the Argentinian tax authorities have not replied to the Swiss NGO Public Eye’s request regarding the current state of the case.

The New York Stock Exchange Building on August 4, 2011, when Bunge celebrated the 10th anniversary of its listing on the New York Stock Exchange
Biodiesel plant in Mannheim Harbour