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Global temperature changes

Corteva's Nature-Positive Financial Decision-Making: Pioneering Sustainable Agriculture

Strategic Insights

— 1 min read

Corteva Agriscience is at the forefront of sustainable agriculture, leading the industry in actionable commitments to environmental conservation. The company has launched a pilot project integrating nature-positive financial decision-making into its core business strategies, leveraging the TNFD LEAP framework to assess and manage its nature-related footprint. This initiative complements Corteva's ambitious biodiversity goals, aiming to support biodiversity and regenerative agriculture on 25 million acres by 2030. By implementing sustainable practices and innovative products, Corteva is making a significant impact on climate change mitigation, with the potential to avoid over 140 billion tonnes of CO2 equivalent emissions annually.

Key Takeaways:

  • Corteva's pilot TNFD project showcases its innovative approach to sustainable agriculture, incorporating the TNFD LEAP framework to understand and manage its nature-related footprint.
  • The project focuses on the first two stages of the framework: "Locate," which identifies high-impact sites, and "Evaluate," which assesses nature-related impacts and dependencies.
  • Corteva has set ambitious biodiversity goals, aiming to support biodiversity and regenerative agriculture on 25 million acres by 2030 through a multi-pronged approach.
  • The company's products, including Reklemel, a selective nematicide, and its innovation across the seed technology spectrum, contribute to reducing land-use change and preserving natural habitats.
  • Partnerships with conservation non-profits like Pheasants Forever and Quail Forever are essential for achieving broader sustainability targets and complementing the TNFD pilot project.
  • Corteva's commitment to promoting a nature-positive impact within the industry is reinforced by its participation in the TNFD pilot project and sharing insights gained from the case study.

Statistics:

  • Corteva aims to support biodiversity and regenerative agriculture on 25 million acres by 2030.
  • The company's land-saving strategy has direct implications for climate change mitigation, with the potential to avoid over 140 billion tonnes of CO2 equivalent emissions annually.
  • The TNFD pilot project focuses on the first two stages of the framework: "Locate" and "Evaluate."
  • Corteva's partnerships with conservation non-profits cover millions of acres in the US.

Sources:

  • Corteva, website: https://www.corteva.com
  • Corteva, 2023.

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