Archer Daniels Midland

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

ADM aims for 25% low-carbon energy use by 2035 (vs 7.5% in 2024). Low-carbon includes biofuels, nuclear, natural gas with CCS, low-carbon hydrogen/ammonia; renewable includes wind, hydro, solar. In 2024 ADM procured more than 681,000 MWh of renewable electricity and signed an agreement to install solar at the Decatur Global Research Center (online 2025, ~3,000 tCO2e/yr reduction). The planned Broadwing low-carbon steam and power plant in Decatur will supply low-carbon energy by 2029.

ADM captures CO2 from its Decatur ethanol fermentation process and permanently sequesters it underground via its CCS operation — 332,000 tCO2 sequestered in 2024 (vs 520K in 2019, 544K in 2023). A new project at the Columbus ethanol plant will deliver ~800,000 tCO2 annually to offsite sequestration starting 2026. Regenerative agriculture sequestered >363,000 tCO2 in soil in 2024, captured as a -363,000 tCO2e Category 1 land-based removal.

• Low-carbon steam & power (Broadwing) at Decatur

  Permitting and engineering commenced in 2024 for Broadwing, a planned low-carbon steam and electricity plant supplying ADM's Decatur Complex. Operational target 2029 with potential to reduce upwards of 2,700,000 tCO2e once fully operational.

• Energy efficiency via Energy Treasure Hunts

  ADM held 13 on-site Energy Treasure Hunts in 2024, identifying >850,000 MWh of potential energy reductions and $11.3M cost savings (75% with <2yr payback). Implemented projects expected to save >600,000 MWh per year, including Cedar Rapids upgrades (150,000 MWh), Erith UK DTDC replacement (17,000 MWh), Razgrad Bulgaria heat recovery (25,000 MWh). Energy intensity down 6.6% vs 2019 baseline.

• Energy efficiency & Energy Treasure Hunts at processing facilities

  In 2024 ADM held 13 Energy Treasure Hunts identifying potential reductions of 850,000 MWh and $11.3M cost savings. Implemented projects expected to save more than 600,000 MWh/yr, including Cedar Rapids corn complex upgrades (150,000 MWh), DTDC replacements at Erith UK (17,000 MWh) and Campo Grande Brazil (3,300 MWh), and Razgrad Bulgaria heat recovery (25,000 MWh). Energy intensity down 6.6% vs 2019.

• Carbon capture and storage at Decatur ethanol operations

  ADM operates CCS at its Decatur, Illinois ethanol fermentation plant, sequestering 332,000 tCO2 in 2024 (vs 544K in 2023 and 520K in 2019). A new Columbus ethanol plant CCS project, slated for 2026, will capture nearly 800,000 tCO2 annually for offsite permanent sequestration.

• Logistics & ocean freight decarbonisation

  ADM participates in the Sea Cargo Charter for Ocean Freight and is U.S. EPA SmartWay Certified, deploying alternative fuel vehicles across its integrated global transportation network (2,600 barges, 31,950 rail cars, 23 ocean-going vessels). Targets Scope 3 Category 4 upstream transport emissions (7.48M tCO2e in 2024).

• Regenerative agriculture across 5M acres

  ADM's regenerative agriculture program reached >5 million acres globally in 2024 (vs 3.5M acre 2024 goal), spanning North America (4.7M acres), EMEA (80,000), South America (85,000+), and APAC (90,000 in India). Reduced on-farm Scope 3 emissions by >1M tCO2e vs regional benchmarks and sequestered >363,000 tCO2. Supports Scope 3 reduction target.

• No-deforestation in agricultural supply chains

  ADM committed to eliminate deforestation from all supply chains by 31 Dec 2025 (accelerated from 2030). Uses traceability, satellite monitoring, mapping with USDA/FAO/National Geographic databases, and third-party verification. Targets land-use change emissions in Category 1 purchased goods (FLAG portion: 53.2M tCO2e in 2024).

• Regenerative agriculture across 5M acres (Scope 3 Cat 1)

  Cat 1 Purchased Goods (95M tCO2e) dominates ADM's footprint. ADM's regenerative agriculture program grew to 5 million acres globally in 2024 (vs 3.5M acre 2024 goal), reducing on-farm emissions by more than 1,000,000 tCO2e vs regional benchmarks and sequestering 363,000 tCO2. Covers corn, soy, wheat, canola, sorghum, cotton, peanuts, edible beans across NA/EMEA/SA/APAC.

• No-deforestation & no-conversion supply chain by 2025

  ADM aims to eliminate deforestation from all supply chains by end of 2025 (accelerated from 2030) and conversion of primary native vegetation in direct South American supply chains by end of 2025, indirect by end of 2027. Uses Accountability Framework initiative (AFi) guidance, satellite monitoring, traceability to mill/silo/port, and third-party verification. Targets FLAG land-use change emissions (22.1M tCO2e in 2024).

• Upstream transportation decarbonisation (Scope 3 Cat 4: 7.5M tCO2e)

  ADM operates an integrated transportation network of 2,600 barges, 31,950 rail cars, 610 trucks, 1,740 trailers, 171 boats, 23 ocean-going vessels. Cat 4 upstream transport accounts for 7,480,000 tCO2e in 2024. ADM participates in the Sea Cargo Charter for Ocean Freight and holds U.S. EPA SmartWay Certification; also exploring alternative fuel vehicles. Fleet fuel 13% renewable.