Bunge Global SA (BG)

Bunge Global is a leading global agribusiness and food company incorporated in Switzerland and headquartered operationally in Chesterfield, Missouri, with a history dating back to 1818 as a trading company founded in Amsterdam. The company operates integrated operations spanning from farmer to consumer and holds leading positions as a global oilseed processor, grain processor, seller of packaged plant-based oils, and producer of wheat flours, bakery mixes, and corn-based products across North and South America. Bunge organizes its business into four reportable segments: Agribusiness, Refined and Specialty Oils, and Milling (collectively "Core operations"), plus Sugar and Bioenergy (classified as "Non-core"), with remaining operations classified as Corporate and Other.

The Agribusiness segment, its largest, involves purchasing, storing, transporting, processing, and selling agricultural commodities—primarily soybeans, rapeseed, canola, sunflower seed, wheat, and corn—with processing capacity balanced across North America (31%), South America (27%), Europe (25%), and Asia-Pacific (17%); this segment also includes financial services, trade structured finance, and biodiesel operations. The Refined and Specialty Oils segment sells vegetable oils, fats, shortenings, margarines, and specialty ingredients to food processors, food service companies, retail outlets, and renewable diesel producers, operating well-known regional brands including Soya in Brazil, Country Premium in North America, and various brands across Europe and Asia; this segment includes an 80%-owned joint venture (Loders) with IOI Corporation Berhad. The Milling segment produces wheat flours and bakery mixes in Brazil and corn-based products in the U.S. and Mexico, having divested its Mexican wheat milling business in 2022.

The Sugar and Bioenergy segment previously centered on a 50% interest in the BP Bunge Bioenergia joint venture (sugarcane cultivation, sugar, ethanol, and cogeneration in Brazil), which Bunge fully divested to BP effective October 1, 2024. A major pending corporate development is Bunge's agreed combination with Viterra Limited, announced in June 2023 and approved by shareholders in October 2023, valued at approximately $5.1 billion in stock plus $2.0 billion in cash, which would result in the Viterra Shareholder Group (including Glencore, CPP Investments, and BCI affiliates) owning approximately 30% of the combined company; the deal remains subject to final regulatory approvals with closing expected in the near term, and includes a $400 million termination fee under certain antitrust-related circumstances. Bunge also completed its redomestication from Bermuda to Switzerland in November 2023 and agreed in October 2023 to acquire Brazilian oilseed processor CJ Selecta, expected to close in early 2025.

The company faces competition from major players including ADM, Cargill, Louis Dreyfus, Wilmar, and COFCO International in its core business, plus segment-specific competitors like AAK, Fuji Oil, M. Dias Branco, and Gruma. Bunge maintains an enterprise risk management framework overseen by its Board's Enterprise Risk Management Committee and a Chief Risk Officer, addressing commodity price, market, liquidity, credit, country, cybersecurity, and climate-related risks. The company is subject to extensive global regulation covering food safety, environmental protection, land use, and emerging ESG disclosure requirements including the EU's CSRD and Deforestation Regulation (EUDR, delayed to December 2025), Swiss non-financial reporting mandates, and California's Climate Accountability Package.

Bunge has established Science Based Targets (verified 2021) calling for 25% absolute reduction in Scope 1 & 2 emissions and 12.3% in Scope 3 emissions by 2030 from a 2020 baseline, alongside water, waste, and energy intensity reduction targets by 2026, and reports achieving 100% traceability of direct and indirect soy supply chains in priority Brazilian regions as of December 31, 2024. As of December 31, 2024, the company employed approximately 23,000 people globally, distributed across South America (37%), EMEA (28%), North America (19%), and Asia (16%), with many employees covered by collective bargaining agreements and generally positive labor relations.