HAMILTON, Mont., April 28, 2022 /PRNewswire/ — Local Bounti Corporation, a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced the issuance of 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.”
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 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.