We are starting a new chapter in agriculture, building a business with sustainability at its core. Local Bounti’s focus on LOCAL is core to our desire to transform our local communities, the agriculture work force and our environment.
“Sustainability is no longer philanthropy or lip-service, it is real.”
– Craig Hurlbert, Co-CEO
At Local Bounti, we strive to be leaders in measuring our usage of water, electricity, natural gas, fertilizer and other commodities. Transparency is core to our mission, as we believe it is important that our customers, retail partners and communities are aware of our impacts.
Leading the industry in transparent sustainability means using worldwide standards. Local Bounti will report in accordance with the Global Reporting Initiative (GRI) Standards starting this year.
In addition to the GRI, Local Bounti is reporting in accordance with the Sustainability Accounting Standards Board Agricultural Products Sustainability Accounting Standard. We believe that providing this information will aid investors and financial organizations in evaluating the impact of our sustainability measures on our business.
The CEA space can be inherently sustainable, but Local Bounti believes that we have a responsibility to continue to exceed current standards and provide industry leadership. We have become one of the first North America CEA companies to become a participant in the UN Global Compact.
How we Make it Possible
At our core, we are local.
Local Bounti uses < 10 gallons of water per lb. of product whereas traditional agriculture uses in excess of 150 gallons of water/lb. of product.
Local Bounti retailers are within 400 miles of our facility compared to over 1200 miles for traditional leafy greens.
Over 50% of leafy greens are wasted at the retail and consumer level. Local Bounti’s leafy greens have a shelf life that is 3 to 5 times longer than the shelf life of leafy greens produced by traditional agriculture.