CHICAGO — At the virtual BMO Capital Markets and Growth ESG Conference Dec. 5, ADM announced its new goal to engage 1 million acres in regenerative agriculture within the next year. Vikram Luthar, chief financial officer, and Alison Taylor, chief sustainability officer, participated in a virtual fireside chat to discuss the company’s strategy for enacting sustainability practices while maintaining its financial growth.
Mr. Luthar said, to date, ADM’s sustainability initiatives have improved the company’s financial performance.
“In fact, in the first nine months of this year, we exceeded our prior record earnings in 2021,” he said. “We delivered $5.91 EPS in the first nine months, adjusted and operating cash flow before working capital of $4.7 billion and ROIC of 13%. We also expanded gross margins over this period year-to-date comparison by 70 basis points.”