COFCO sends first sustainable soybean shipment to China under 1.5 Million tonne Mengniu agreement
COFCO International has begun deliveries under its 1.5 million tonne certified sustainable soybean agreement with Mengniu Group. Today, 69,000 metric tonnes of soybeans were loaded at the company’s new STS11 terminal in Santos, Brazil.
The shipment is third-party verified as deforestation-and conversion-free (DCF) since 31 December 2020, with on-farm audits ensuring sustainable water management, biodiversity conservation, and ethical labour standards in compliance with the COFCO International Responsible Agriculture Standard, Module 2.
The soybeans are destined for Modern Farming and China Shengmu Organic Milk, both subsidiaries of Mengniu Group, for use in sustainable dairy production. Deliveries will continue through 2030 under a mass balance chain of custody.
The agreement, announced in February, was developed through the World Economic Forum’s Green Value Chain Taskforce.
COFCO International is committed to halting deforestation from soy and corn supply chains globally, and halting ecosystem conversion from soy and corn in South America, by 2025, in line with its SBTi-validated climate targets.
COFCO International loads the first shipment under its 1.5 million tonne certified sustainable soybean agreement with Mengniu Group at the new STS11 terminal in Santos, Brazil.
Crew prepares for departure at COFCO International's new STS11 terminal in Santos, Brazil.
