November climate & carbon update

Highlights for climate and carbon

Australia’s export-dominated grains and oilseeds supply chain runs through three main bulk handlers—CBH Group, GrainCorp, and Bunge (formally Viterra)—and each is now pursuing a distinct climate strategy with direct grower implications.

GrainCorp

• GrainCorp Next (launched October 2024) targets Victorian and New South Wales canola growers initially, expanding to wheat/barley, delivering 40% emissions reductions versus global defaults to position growers as preferred suppliers for customers managing Scope 3 targets. Science Based Targets initiative validated GrainCorp's pathway in October 2025: 42% Scope 1&2 reduction by 2030, 35% Scope 3 Forestry, Land and Agriculture (FLAG) reduction by 2034, 90% reduction by 2050 (FY22 baseline). Renewable fuels strategy leverages Australia's largest canola crushing capacity (Numurkah, Pinjarra) with Memorandum of Understanding (MOU) partnership exploring Sustainable Aviation Fuel (SAF) facility at Ampol's Lytton refinery.

CBH Group

• CBH leads operationally through WA-specific maritime decarbonization: Blue Visby platform (commercial deployment December 2024, first global customer) achieved 17.3% average CO2 reduction across trials, and August 2025 biofuels insetting program (NORDEN, Oldendorff) completed eight Europe voyages using waste-based biofuel at zero grower cost. ISCC certification program upgraded to LoadNet online platform (early 2024); FY2024 saw 20% of shipments (1.6M tonnes) ISCC-certified. Committed to 50% Scope 1&2 reduction by 2030 (2021 baseline, 2% achieved FY2024) and net-zero site-to-customer by 2050, driven by customer demand where supply chain emissions represent 74-96.5% of food/beverage buyer footprints.

Bunge (formerly Viterra)

• Bunge completed its Viterra acquisition July 2025, combining Australian grain handling with a global oilseed platform. Analysis relies on global Bunge reporting which brings validated Science Based Targets (25% Scope 1&2, 12% Scope 3 reduction by 2030 from 2020 baseline); 2024 global performance: 19.7% and 6.7% achieved respectively.

Rod Baker

Agricultural Analyst

Rod is our Insights specialist for the cropping industry, combining a diverse agricultural background with an Environmental Science degree to deliver expert commentary on commodity markets and trends.