A Word from
the President


The structural changes that were
implemented have achieved their
objectives of quality and excellence
through greater integration and s
ynergy among our four primary
business areas.

We have completed our 106th year in Brazil by reinforcing our commitment to the country and have, once more, demonstrated that we mean to continue participating in its economic, environmental and social development, through the generation of jobs and wealth for society as a whole.  

The year of 2011 proved that the structural changes taking place at Bunge Brasil achieved their objectives of quality and excellence. We improved the integration and synergy that links these four business areas, which translated into an even stronger organization and one fully ready to become the biggest and the best in the sector.   

The Company and its more than 22,000 direct and indirect employees faced many challenges during the year. These included drought, which over the previous two years had caused a major impact on production, especially in the Sugar & Bioenergy sector, and, consequently, on earnings.

Nevertheless, the Company continues to see a wide range of opportunities open to it in Brazil. Bioenergy is one of these. Its strategy of transforming bagasse into electric energy has contributed to the government’s policy of supplying demand with renewable energy sources. At present, Bunge consumes around 700 GWh of electric energy each year at all of its operations in Brazil, of which 78% is generated internally by the company. The goal is to become self-sufficient by 2016, generating a surplus of energy across the country sufficient to provide power to a city of up to four million inhabitants.  

Bunge is one of the most active companies in Brazil’s sugar/ethanol sector, with more than 200,000 hectares planted with sugarcane, and plans to invest, between 2012 and 2016, a total of US$2.5 billion in the industrial expansion of the eight plants run by its Sugar & Bioenergy business. In this segment alone, Bunge employs 10,000 people, and has the capacity to process around 21 million tons of sugarcane a year.   

The Company’s target is to increase its processing capacity by 50%, to reach, by the year 2014, a total of 30 million tons of sugarcane processed annually for producing sugar, ethanol and electric energy. From among the most important projects completed in 2011, we would like to highlight the inauguration of the Pedro Afonso plant, located in the interior of the state of Tocantins. This was Bunge Brasil’s first greenfield sugarcane processing unit and its eighth plant producing sugar and bioenergy, with investments totaling approximately R$600 million, and with every respect given to the environment.

In the Fertilizers business, we would like to highlight the inauguration of the modern plant of Cruz Alta (RS), located in the largest soybean, corn and wheat producing region of Rio Grande do Sul state, which is a logistical meeting point within the Mercosur trade block, as it is home to the main inter-connections between the Brazilian, Argentine and Uruguayan rail and road networks. This plant, the most modern in the state, has an annual capacity of 300,000 tons, and the potential to create 300 jobs, with investments eventually expected to reach approximately US$24 million. In addition, this business area has also launched a new line of liquid fertilizers, to increase agricultural productivity and allow for a more sustainable use of natural resources.   

The Company also invested in the modernization of its Agribusiness & Logistics business, implementing new technologies to increase competitiveness and generate gains in productivity through a reduction in corrective stoppages and in the consumption of thermal and electric energy. In terms of the impact of agriculture on the land, the Soy Moratorium, in place since July of 2006, was maintained, under which the company refuses to purchase grain originating in deforested areas of the Amazonian Biome. Although this is only a temporary measure, at present, the Company has 88 producers who are black listed in its system, of which 15 were added in 2011.    

In 2011, Bunge teams from around the world worked on a corporate policy governing biodiversity and land use, two key considerations in the context of sustainable agriculture and environmental sustainability. Stakeholder input played an important role.

By incorporating strong and traditional brands in the Northeast, South and Southeast regions, Bunge increased its participation in the market for tomato-based products, thereby strengthening its portfolio of consumer products. The acquisition of the traditional company Etti involved investments of R$180 million, and was aimed at strengthening Bunge’s presence in the food business, a promising market of extreme importance in Brazil’s retail sector. 

In 2012, the Company plans to work to achieve a position of leadership in all four of its business areas. The aim is to achieve this goal by investing in management efficiency, in risk management, in operational excellence, in the optimization of existing assets, and in local and global integration. In order to be represented by brands that are admired by consumers, and to have preference as a supplier of products and services that stand out for their sustainability, the plan is to continue to invest in a team made up of the very best people, with a high level of performance and motivation. A lot has already been done, but, in terms of sustainability, the more the Company evolves, the more it realizes that it still has a lot more to accomplish. 1.1

Pedro Parente
President and CEO of Bunge Brasil

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Commitment to Brazil. Field to table.
Bunge Brasil's Sustainability Icons
Represent the Social, Environmental and Economic dimensions of the actions and projects of the company in the Country. Learn more about Bunge Brasil Sustainability Platform in
www.bunge.com.br/sustentabilidade.
The Sustainability
Platform is a global
effort to ensure that
business performance
is enhanced on four
main fronts
Sustainable Agriculture Bunge is committed to raise awareness and train farmers to produce in order to reduce environmental impacts and maximize the use of finite natural resources.
The Sustainability
Platform is a global
effort to ensure that
business performance
is enhanced on four
main fronts
Climate Change Climate Change can bring significant impacts to food production worldwide. Therefore, Bunge believes it is a key factor in sustainability analyzes.
The Sustainability
Platform is a global
effort to ensure that
business performance
is enhanced on four
main fronts
Healthy Diets Offering safe and beneficial products to health. Bunge works to identify customer needs and provide the best food ever in the market.
The Sustainability
Platform is a global
effort to ensure that
business performance
is enhanced on four
main fronts
Waste Reduction Development of mechanisms and processes for the reduction of waste in industrial processes and expansion of the rational use of water and other non-renewable resources in the management of operational efficiency.