(BRIEF) Louis Dreyfus Company B. V. (LDC) has presented its first incorporated report, offering a comprehensive review of its monetary functionality and sustainability projects for the monetary year ending December 31, 2023. Despite the demanding situations posed by geopolitical tensions and change climate. related disruptions, LDC reported resilient effects, adding net sales of $50. 6 billion and strong operating effects and segment EBITDA. CEO Michael Gelchie highlighted the good fortune of LDC’s strategic expansion plans and its role in closing supply-demand gaps in critical price chains. In particular, LDC has made significant investments in its core sales activities and expanded its presence in various sectors, adding solutions in sugar, cotton, cereals, oilseed processing and food and feed. In addition, the company has complexed its sustainability agenda, focusing on spaces such as human and labor rights, decarbonization, regenerative agriculture and traceability of the chain of origin. Gelchie reiterated LDC’s commitment to creating fair and sustainable pricing, positioning the company for long-term good fortune amid developing stakeholder expectations for sustainable practices. Key monetary aspects for 2023 were also presented, adding net sales, segment operating effects, EBITDA, capital expenditures and return on equity. The full incorporated report, together with the audited financial statements, can be downloaded from the LDC website.
(PRESS RELEASE) ROTTERDAM, March 22, 2024 – /EuropaWire/ – Louis Dreyfus Company B. V. (LDC) has its first built-in report aggregating consolidated currency effects and progress on the Group’s sustainability roadmap for the year ended December 31, 2023.
Against a backdrop of ongoing geopolitical tensions and challenging climate-related situations that continued to disrupt industry flows, the Group achieved resilient effects for 2023, with sales of $50. 6 billion, strong segment operating effects of $2,607 million, and EBITDA of $2,222 million. . million.
“Our two business segments definitely contributed to our strong effects for 2023, effectively navigating a complex environment, thanks to our global network, market wisdom and threat control capabilities, as well as a relentless pursuit of operational and cargo efficiencies. “said Michael Gelchie, President and CEO of LDC. We have made smart progress in executing our strategic expansion plans for LDCs, while continuing to fulfill our core role of closing the gaps between supply and demand in critical price chains for food, feed, fibre and appliances, serving our consumers around the world.
The Group continued to invest in its ambitious expansion plans, with a year-on-year increase of around 16%.
In a bid to expand its core selling business, LDC acquired a 50% stake in a sugar export terminal in Brazil and expanded its ethanol operations in the country, signing a joint venture agreement to strengthen its presence in Australian cotton by offering ginning control services. , increasing its grain and oilseed processing capacity in China, began expanding its canola processing complex in Canada, and announced the structure of a new soybean processing plant in Ohio, USA. U. S.
2023 will also be the first year of operation for LDC’s new Food and Food Response platform, created to respond to the conversion of visitor trends by recycling agricultural by-products into value-added products and responses. In addition to contributing to the Group’s results, the Platform announced the addition of glycerin refining activities at LDC’s Lampung complex in Indonesia and the opening of an R&D center.
In 2023, the Group also continued to take significant and concrete steps to advance its commitments to more sustainable chains.
“We continue to make significant progress on our sustainability roadmap in 2023. Above all, we have established a strategy focused on six priority areas, known as our materiality assessment for 2022 and outlined in our report,” said Michael Gelchie. The Human and Labour Rights Policy and the Global Supplier Code of Conduct reflect our commitment to further strengthen the sustainable governance framework for LDCs, coupled with continued efforts in pursuit of our key targets of decarbonisation and 0 deforestation, as well as significant progress in rapid business sectors.
Building on its baseline work, LDC’s Carbon Solutions team delivered a detailed climate transition plan in 2023 to put LDC on a transparent decarbonization path, leading to the Group’s short-term purpose of reducing scope 1 and 2 emissions through 2030, and the calculation of LDC. Emissions. Global Scope 3 emissions footprint for the year 2022, as a benchmark for setting targets in a timely manner.
In 2023, a global team committed to outlining and driving the progression of LDCs’ large-scale regenerative agriculture strategy was also established, to encourage the adoption of agricultural practices that support soil health, promote biodiversity, repair aquifers and sequester carbon. , the Group continued to collaborate, assist and motivate tens of thousands of farmers around the world to adopt sustainable agricultural practices as a means of improving their livelihoods, while preserving herbaceous ecosystems, soils and biodiversity in the long term.
Similarly, Group-wide and product-specific efforts continued to drive chain traceability, as a basis for culpable sourcing decisions and in preparation for compliance with deforestation-related regulations and LDC’s commitment to zero deforestation and conversion of local plants for agricultural purposes to the end. of 2025.
“As governments, consumers, partners, and other stakeholders prioritize sustainable practices in their potential choices and actions, the good luck, growth, and long-term resilience of our business are inextricably connected to our ability to function in a way that ensures equity and equitable rights sustainable outcomes across price chains,” Michael Gelchie said. “Looking ahead, I am confident that LDC’s long-standing commitment to developing our business through the creation of fair and sustainable pricing will position us for good luck in the future. “
Financial Highlights for 2023:
LDC’s Integrated Report 2023, which includes the full audited consolidated financial statements, can be downloaded via ldc. com/integrated-report-2023.
About Louis Dreyfus
The Louis Dreyfus Company is a leading investor and processor of agricultural products, founded in 1851. We leverage our global presence and extensive network of assets to serve our consumers and consumers around the world, delivering the right products to the right place, at the right time – safely, reliably, and responsibly. Our activities cover the entire price chain, from farm to fork, in a wide diversity of business sectors (platforms): carbon solutions, coffee, cotton, agribusiness solutions, freight forwarding, global markets, grains.
Media Contact:
medios@ldc. com
SOURCE: Louis Dreyfus Company
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