Cargill partners AeroFarms to develop climate resilient cocoa varieties

US – Agricultural commodity trading giant Cargill is supporting the creation of a more sustainable cocoa sector by working with vertical farming pioneer AeroFarms to develop high yielding, climate-resilient cocoa varieties.   According to a statement from Cargill, the research collaboration brings together AeroFarms’ expertise in controlled environment agriculture, with Cargill’s extensive knowledge of cocoa agronomy and production practices.  The findings will yield new insights, targeting factors such as faster tree growth and greater yields.  It will also feature the accelerated development of varieties with enhanced pest and disease resistance while also looking at unlocking…

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Pilgrim’s Pride issues US$1B sustainability-linked bond as Vertical Farmer AeroFarms gears up for public listing

US – American multinational food company Pilgrim’s Pride has announced a US$1 billion sustainability-linked bond tied to the company’s Sustainability Performance Target (SPT) of reducing its greenhouse gas emissions by 30% by 2030. Bloomberg reports that the interest rate on Pilgrim Pride’s new bond will climb 25 basis points if the company fails to prove through a third-party verification service that it hit its sustainability targets. The new US$1 billion sustainability-linked bond can be interpreted as Pilgrim’s Pride attempt to put its money where its mouth is when promising improved…

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