DuPont Commits $10B Investment in Sustainable Food R&D
(3BL Media/Justmeans) â According to the Food and Agriculture Organization (FAO), the world has the capacity to produce enough food to feed everyone adequately. However, nearly 800 million people still suffer from chronic hunger, despite the progress made over the last two decades. More than 160 million children below five years of age continue to be chronically malnourished.
To boost international food security, global chemical giant DuPont has announced a new set of sustainability targets for 2020, which include an investment of $10 billion in sustainable food R&D. DuPontâs commitment to sustainability and innovation also includes an introduction of 4,000 new products by the end of 2020.
DuPont has already started moving forward with this ambitious goal, and made an investment of over $1.2 billion in research and development. It also introduced more than 600 new products in 2014. The company is directing its efforts on creating innovative solutions to produce more food, improve nutritional value, enhance agricultural sustainability, boost food safety and freshness, and reduce waste.
The companyâs commitment to innovation also includes tracking of progress, and measuring and reporting the quantifiable safety, health and sustainability benefits from major growth innovations. DuPontâs chief sustainability officer Linda J. Fisher said that innovation and sustainability remain two of DuPontâs greatest strengths and represent significant growth opportunities for the company, while creating value for its customers, the marketplace and society.
DuPont has also made a commitment to improve the livelihoods of at least three million farmers and their rural communities by the end of 2020. In 2014, the company directly reached out to more than 698,000 farmers to help strengthen agricultural systems and increase productivity.
DuPont also pledged to educate and engage two million youths worldwide by 2020. It aims to impart knowledge of sustainable food and agriculture to the next generation. The company has already made key accomplishments in this area, ranging from educating Ukrainian agriculture students on seed production to promoting the importance of citizenship and sustainable agriculture among Brazilian third and fourth graders.
Image Credit: Flickr via creoli