Local Bounti

Local Bounti's Sustainable Practices

Local Bounti leverages advanced agricultural techniques to significantly reduce its environmental footprint. By utilizing 90% less water and 90% less land than traditional farming methods, the company sets a high bar for sustainability. Their innovative Stack & Flow Technology™, a hybrid of vertical farming and hydroponic greenhouse farming, allows for a 365-day growing season, optimizing production efficiency and resource use. As a member of How2Recycle®, Local Bounti is committed to responsible packaging and waste management, further emphasizing their dedication to environmental stewardship.

Local Bounti's Community Involvement

Local Bounti places a strong emphasis on community involvement, with over 70% of its employees hailing from local areas. This not only fosters community development but also ensures a sustainable workforce that is deeply invested in the company's success. The company's investment of over $70 million in Federal Opportunity Zones highlights its commitment to economic revitalization and job creation in underdeveloped regions. By sourcing local talent and investing in community-based projects, Local Bounti supports both economic growth and social responsibility.

Local Bounti's Product Offerings

Local Bounti offers a diverse range of sustainably grown produce, including living lettuce, herbs, crispy green leaf, green & red leaf, romaine lettuce, butter lettuce, spring mix, and various grab & go salads. Their leafy greens boast a longer shelf life compared to traditionally farmed produce, ensuring freshness and reducing food waste. In May 2023, Local Bounti became the first indoor grower to offer salads with chicken, and in January 2023, they introduced an Asian Style Chicken Lettuce Wrap Kit featuring greenhouse-grown living butter lettuce, expanding their product line and catering to diverse consumer preferences.

Local Bounti's Technology and Facilities

Local Bounti's innovative Stack & Flow Technology™ is a game-changer in the agricultural sector. This patent-pending technology combines vertical farming with hydroponic greenhouse farming, allowing for efficient use of space and resources. The company's facilities in Hamilton, Montana, and Mount Pleasant, Texas, exemplify high-tech controlled environment agriculture. These state-of-the-art facilities enable year-round production, ensuring a consistent supply of fresh produce. The groundbreaking of a new facility in Texas in January 2023 marks another milestone in their expansion plans, supported by a $200 million debt financing facility with Cargill.

Local Bounti's Commitment to Sustainability Reporting

Local Bounti is committed to transparency and sustainability, as evidenced by their adherence to the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Agricultural Products Sustainability Accounting Standard. In January 2022, the company issued its inaugural Corporate Sustainability Report, highlighting its environmental, social, and governance (ESG) efforts. As one of the first North American Controlled Environment Agriculture (CEA) companies to participate in the UN Global Compact, Local Bounti aligns its operations with globally recognized sustainability principles, demonstrating a steadfast commitment to ethical and sustainable business practices.