Wegmans, Grupo Bimbo and Pivot Bio honored at Food & Agribusiness Summit
NEW YORK (December 5, 2019) – Rabobank, a leading global food and agribusiness bank, today announced the recipients of its annual Food & Agribusiness (F&A) North America Leadership Awards, celebrating companies in the region that demonstrate exceptional achievements in innovation, sustainability and market leadership.
Hundreds of companies, from fast-growing startups to large corporations, were nominated across the three award categories of Emerging Leadership in Innovation, Leadership in Sustainability, and the top award of Excellence in Food & Ag Leadership. Finalists were reviewed by a panel of judges across industry, academia, non-profits, media and the investment community.
Representatives from the three award-winning companies were honored today at Rabobank’s annual Food & Agribusiness Summit in New York City.
The overarching Rabobank Award for Excellence in Food & Ag Leadership honors a large-scale market leader that has demonstrated great and lasting impact in its sector. Among other achievements, this organization has achieved substantial success while demonstrating outstanding corporate citizenship and setting standards of excellence within the industry.
Wegmans, a family-owned supermarket chain, is the winner of the 2019 Rabobank Award for Leadership & Excellence. Founded in 1916 and still headquartered in Rochester, New York, the company has 101 stores in seven northeast and mid-Atlantic states, and sources a significant portion of its fresh produce from a network of grower partners near its stores. The growing chain has made great strides in reducing in-store plastic packaging and single-use plastics and donates about 14 million pounds of food to local food banks each year. Wegmans was recognized as a 2018 and 2019 Outstanding Safer Choice Retailer by the U.S. Environmental Protection Agency (EPA) and was ranked #1 for Corporate Reputation in the 2019 Harris Poll Reputation Quotient Study.
The Rabobank Award for Leadership in Sustainability celebrates an organization that has taken major strides in business, environmental, social and governance sustainability. The 2019 award is given to Grupo Bimbo S.A.B. de C.V. (Grupo Bimbo), the Mexico City-based international baking products manufacturer that is also an industry leader in driving sustainability in its supply chain and focusing on renewable energy sources. In addition to consistently improving the nutritional profiles of its products, the company has announced its commitment to use 100% renewable electricity by 2025. It has drastically reduced its CO2 emissions and operates 71 self-sufficient solar rooftops, including the largest in Chile and South America. Grupo Bimbo was named a 2018 and 2019 Energy Star Partner of the Year by the U.S. EPA for its U.S. operations and was included on the 2019 List of the World’s Most Ethical Companies by the Ethisphere Institute.
The Rabobank Award for Emerging Leadership in Innovation is given to a fast-growing young company that is addressing challenges and market gaps in F&A with a novel and disruptive business model. The 2019 award is presented to Berkley, California-based Pivot Bio, a company that provides a microbial nitrogen crop nutrition solution to farmers that reduces the use of synthetic nitrogen fertilizers, helping farmers improve their profitability and sustainability. Pivot Bio was recognized as one of the Most Innovative AgTech Startups of 2018 by Forbes and one of the World’s Most Innovative Companies in 2019 by Fast Company.
For more information about Rabobank’s Food &Agribusiness Leadership Awards, visit https://www.rabobankwholesalebankingna.com/leadership-awards/