Syngenta Parent Company Invests $2 Billion to Combat Climate Change
On Oct. 22, the parent company of Syngenta Flowers and Syngenta Plant Protection announced it will spend $2 billion over the next five years to help prepare for and tackle the increasing threats posed by climate change.
The investment supports a new Syngenta corporate 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.
Erik Fyrwald, chief executive officer, also announced that 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 to support the ambitious goals of the Paris Agreement on climate change.
The $2 billion will be directed toward programs with clearly differentiated benefits or breakthrough technologies that will enable a step change in agricultural sustainability, such as land use, soil health and integrated pest management.