Syngenta is spending $2 billion over the next five years to help farmers prepare for and tackle the increasing threats posed by climate change.
The investment supports a new Syngenta sustainability goal of delivering at least two technological breakthroughs to market each year, to reduce agriculture’s contribution to climate change, harness its mitigation capacity, and help the food system stay within planetary boundaries.
The investment in research and development for sustainable agriculture will be matched by a drive to reduce the carbon intensity of the company’s operations by at least 50% by 2030, said Erik Fyrwald, Syngenta CEO. Syngenta’s commitment has been validated and endorsed by the Science Based Targets initiative.
“Agriculture is now at the front line of global efforts to tackle climate change,” Fyrwald said. “Syngenta is committed to accelerating our innovation to find better and ever safer solutions to address the shared challenge of climate change and biodiversity loss.
“These aren’t just words, this is real action that will drive focus in Syngenta to help farmers tackle climate change and reduce the sector’s contribution to the world’s greenhouse gas emissions.”
The $2 billion will be directed towards programs such as land use, soil health and integrated pest management.
Through a multi-year collaboration with The Nature Conservancy, Syngenta is developing strategies to identify and test new innovations and technology that can benefit farmers and contribute to positive environmental outcomes. The collaboration is grounded in efforts to promote soil health, resource efficiency and habitat protection in major agricultural regions worldwide.
“Achieving conservation at scale will require bold action from the private sector,” said Sally Jewell, The Nature Conservancy CEO. “As businesses increasingly recognize the risks of climate change and the benefits of sustainability, we welcome the opportunity to contribute our science and expertise to help transform business practices. Syngenta’s investment in innovation is an important step toward a future where people and nature thrive.”