6th October 2022
Regenerative agriculture AgriHub
Americas Corporate Stock Market

Local Bounti Named Global Sustainability Leader by Business Intelligence Group

Sustainability Award

Local Bounti Corporation (NYSE: LOCL, LOCL WS) has been awarded The Sustainability Leadership Award by the Business Intelligence Group as part of the 2022 BIG Sustainability Awards.

Local Bounti’s Stack & Flow Technology™ (“Stack & Flow”) – a proprietary hybrid method for indoor farming that combines the best of vertical and greenhouse farming – received the award for its innovation that significantly improves sustainability. With Stack & Flow, Local Bounti has achieved several breakthroughs, including significantly reducing the crop cycle of its leafy greens, increasing crop yield by over 35%, and drastically reducing water and land use compared to conventional agriculture – while driving superior unit economics in the Controlled Environment Agriculture (CEA) industry.

“We are honored that our efforts to start a new chapter in agriculture, with sustainability at its core, are being recognized by the Business Intelligence Group,” said Craig Hurlbert, Co-CEO of Local Bounti. “Local Bounti is quickly becoming one of the largest CEA companies in America with a relentless focus on both environmental and financial sustainability. Our superior produce varieties are grown sustainably with sunlight, use 90% less water and land, and last 3 to 5 times longer in your refrigerator than traditionally-grown leafy greens. We are devoted to growing healthy food sustainably, investing in local communities, building local facilities, hiring local talent, and delivering fresh, delicious and sustainable products to families in the communities we serve.”

“We are proud to reward and recognize Local Bounti for its industry-leading sustainability efforts,” said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. “It was clear to our judges that their vision and strategy will continue to deliver results toward a cleaner, more sustainable world. Congratulations!”

The Sustainability Awards honor those who have made sustainability an integral part of their business practice. For-profit and not-for-profit organizations of all sizes submitted nominations to reward team members and gain exposure for the organization, its initiatives, and the exemplary accomplishments of its leaders as they work to reduce their impact on our environment.

Past honorees of the BIG Sustainability Awards include Dupont, Ford, FedEx, IBM, and PepsiCo. For more information about the BIG Sustainability Awards, visit https://www.bintelligence.com/sustainability-awards.

Leave a Reply

Your email address will not be published.

Cultivatd
X
%d bloggers like this: