Cargill joined IBLAC to make three recommendations for Shanghai's future sustainable development

News from October 25, 2015: Recently, Cargill, a global leader in the agriculture and food industry, announced that it has joined the Shanghai Mayor's International Entrepreneur Consultation Conference (hereinafter referred to as "IBLAC") and become one of the four new members of the organization this year.

This year marks the 50th anniversary of Cargill's operations in China. For half a century, Cargill has worked extensively with business partners, farmers, governments and academic institutions to share its global vision and best practices, while working with customers to contribute to building safe, responsible and sustainable food supply chains.

Joining IBLAC is a further demonstration of Cargill's commitment to supporting the development of Shanghai and China and serving Chinese customers and consumers. At present, Cargill's Greater China Headquarters and Cargill Agricultural Supply Chain Asia Pacific Headquarters have been settled in Shanghai.

At the annual meeting of the Shanghai Mayors' International Entrepreneur Advisory Conference on October 15, David MacLennan, Chairman and CEO of Cargill, said: "This year has a special significance for Cargill's development in China. Since entering the Chinese market in 1971, we have been actively working with customers in Shanghai to create a sustainable and resilient food system. We look forward to continuing to advise IBLAC in support of Shanghai's future development." Shanghai faces an important opportunity to play a leadership role in building a more sustainable shipping industry. We look forward to working with all parties to contribute to this end. ”

As one of the world's busiest ports (in terms of container throughput), the Port of Shanghai is seeking to establish a global leadership in green shipping to help achieve the national "carbon peak by 2030 and carbon neutrality by 2060" goal.

During the meeting, Cargill suggested future development opportunities that Shanghai could exploit in the area of sustainability:

Global cooperation: Shanghai can take action to promote sustainable maritime development in China, in line with the initiatives of global maritime regulators such as the World Maritime Council and the International Maritime Organization.

Innovation: As an important container port, Shanghai Port can exert its influence and become a global research and development hub for green ship design and green fuel exploration.

In terms of service value chain: Shanghai can provide more services to support the development of the shipping industry in a more sustainable way, including green ship research and development, shipbuilding cooperation with local shipyards, financial structure design, ship asset leasing, opening a ship management and operation academy, and giving full play to the hedging platform role of shipping exchanges to reduce market risks.

It is understood that Cargill's ocean shipping business operates nearly 700 ships, and the company has been promoting high-level operations to manage its fleet sustainably and efficiently. Cargill is working closely with a number of partners and organizations to reduce carbon emissions from shipping. This is in line with the efforts of the entire Asian region and China to promote climate sustainability and carbon neutrality.