Archer Daniels Midland

OVERALL
Owned	USA
Rating

Agribusiness

Turns crops such as corn, oilseeds, wheat and cocoa into food ingredients, animal feeds, and agriculturally derived fuels and chemicals.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Archer Daniels Midland Company
	Deforestation and global warming Inducted into Corporate Accountability International's Corporate Hall of Shame 2008 for making Indonesia the world's worst contributor to global warming (after the U.S. and China) through its clearing of endangered forests and wildlife habitat for palm oil plantations. [Source 2008][More on Forests] Water risk management In their 2017 report 'Feeding Ourselves Thirsty', Ceres looks at how food sector companies are responding to water risks. 42 companies were assessed on a 0-100 point basis across four categories of water management: governance and strategy, direct operations, manufacturing supply chain and agricultural supply chain. This company received a score of 16/100. [Source 2017][More on Habitats] 30/100 in KnowTheChain Benchmark In 2016 KnowTheChain benchmarked 60 large global companies in the ICT, Food & Beverage, and Apparel & Footwear sectors on their efforts to address forced labour and human trafficking in their supply chains. This company received a score of 30/100. [Source 2016][More on Workers Rights] Human Rights Benchmark The 2017 Corporate Human Rights Benchmark assessed 98 of the largest publicly traded companies in the world from the Agricultural Products, Apparel and Extractives sectors on 100 human rights indicators. This company's score was in the 20-29 band range. The overall average score was 28.7%. [Source 2017][More on Human Rights]	Palm oil supply chain This agribusiness giant buys palm oil sourced from pristine forests which are clear-cut and burned to accommodate the expansion of palm oil plantations, contributing heavily to global climate change, species extinction, and the displacement of Indigenous and local communities. [Listed under Information due to age of report] [Source 2008][More on Palm Oil] Palm Oil Deforestation and Child Labor ADM's major forays into new markets, including cocoa and palm oil, are raising concerns. They center on the impacts of the global food conglomerate's supply chain, and on charges of complicity in forced child labor and massive deforestation. [Listed under Information due to age of report] [Source 2010][More on Palm Oil] Child slavery Anti-Slavery International is calling on cocoa traders Cargill, ADM and Barry Callebaut to increase their efforts to end child slavery in the industry, particularly in the Ivory Coast. These big multinational commodity trading companies buy cocoa sourced from Ivorian cocoa farms where children in slavery are frequently found, and export it to the global brands which make and sell chocolate worldwide. [Listed under Information due to age of report] [Source 2010][More on Workers Rights] World Cocoa Foundation member This company is a member of the World Cocoa Foundation (WCF), an international membership organization representing more than 100 member companies across the cocoa value chain. WCF is committed to creating a sustainable cocoa economy through economic & social development and environmental stewardship in cocoa-growing communities. [Source 2014][More on Multi-Stakeholder Initiatives] Sedex member This company is a member of the Supplier Ethical Data Exchange (Sedex), a not-for-profit, membership organisation that leads work with buyers and suppliers to deliver improvements in responsible and ethical business practices in global supply chains. Tens of thousands of companies use Sedex to manage their performance around labour rights, health & safety, the environment and business ethics. [Source 2018][More on Multi-Stakeholder Initiatives] Commitment to zero deforestation 3/5 The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soya, beef, leather, timber, and pulp and paper). This company received a score of 3/5. [Source 2016][More on Forests] 54.9% in Newsweek Green Ranking 2017 This company received a score of 54.9/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor. [Source 2017][More on Sustainability Reporting] OpenSecrets.org profile OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more. [Source 2014]

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Related News

Hockey rejects ADM bid
29th Nov 2013 — TREASURER Joe Hockey has rejected US agribusiness giant Archer Daniels Midland's (ADM) $3.4 billion bid to takeover eastern Australia's biggest grain handler, GrainCorp. Mr Hockey announced his decision at a press conference this morning in Sydney, saying that now was "not the right time" for a 100 per cent foreign acquisition of a key Australian business like GrainCorp.   [source]

ADM's GrainCorp takeover could hurt competition
19th Nov 2013 — As Treasurer Joe Hockey weighs the arguments over the takeover bid of GrainCorp, one of the oldest farm organisations in the US has warned that increased concentration in the industry will be bad news for Australian farmers. The National Farmers Union says it has watched the negative impact of foreign takeovers in its own country, and says Australia should reject the deal offered by Archer Daniels Midland (ADM). But the American growers who deal daily with the company say it is the only way to make the most of a booming global demand.   [source]