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Company: Monsanto Company Company Description: Monsanto Company is a leading provider of agricultural products and integrated solutions for farmers. We produce leading seed brands with biotechnology traits, improving productivity, the environment and reducing the costs of farming. We manage our business in two segments, Agricultural Productivity and Seeds and Genomics, employing thousands of employees around the world. Nomination Category: Company, Office & Product Awards Categories Nomination Sub Category: Best Multinational Company
Nomination Title: Monsanto Pledge Guides Company's Global Efforts
Tell the story about what this nominated company achieved in the past year (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
Guided by the Monsanto Pledge--a formal commitment to dialogue, transparency, respect, sharing of knowledge and technologies, and providing benefits to stakeholders--Monsanto Company works to enhance the abundance and nutritional quality of the global food supply. Despite a challenging economic climate, Monsanto built on its 100 years of integrity, sound science, high stewardship standards and exceptional customer service to promote adequate food supplies in a time of unprecedented global population growth, especially in developing countries.
Throughout the past year Monsanto celebrated numerous milestones, from developing new technologies that improve quality food production and the environment to donating millions of dollars to enhance communities across the globe. In fact, Wired Magazine recently honored Monsanto's 2002 advances by naming it one of the "40 companies reshaping the global economy.¨ The ranking was based on innovation, technology, strategic vision, global outreach and networked communication.
In 2002 alone, Monsanto fulfilled its Pledge commitments in many innovative ways, including:
Dialogue Monsanto assembled a Biotech Advisory Council, comprised of 10 diverse, global thought-leaders, to provide new perspectives and feedback on the company's direction and activities and to help meet public expectations.
The company also established a Grower Advisory Council and several crop- specific councils to open lines of communication in a forum that promotes constructive dialogue.
Transparency To increase Monsanto's transparency with its plant biotechnology products, Monsanto: Widely distributed product information and biotech studies on its Web site and other relevant databases.
Published information about its plant-biotech products in Brazilian congresses and on the Internet.
Sharing Monsanto shared the first working draft of the rice genome with the International Rice Genome Sequencing Project, a consortium of publicly-funded laboratories in 10 countries. This donation will allow the group to complete its sequencing as much as six years ahead of schedule. As rice is an important staple crop around the world, it is hoped that the rice genome information will lead to better yields and improved nutritional value for rice and related grains.
Benefits Monsanto's products dramatically reduced pesticides and increased yields in both developing and developed countries. Out of eight biotech crops approved and used in the United States, growers saved $1.2 billion by lowering production costs and reduced pesticide use by 46 million pounds (active ingredient) according to a National Center for Food and Agricultural Policy study.
Respect In 2002, Monsanto celebrated its safest year in the company¡¦s history. Monsanto employees, contractors and guests reduced their injury rate to less than 20 percent of the industry average. Additionally, the company instituted a vehicle safety program to improve safety awareness for all Monsanto drivers.
The company also has continuously improved its manufacturing environmental performance, resulting in awards such as the "Outstanding Pollution Prevention Achievement Award¨ at its Luling, La., Roundup facility.
Further, Monsanto is very proud of its philanthropic endeavors. In 2002, Monsanto donated more than $13.6 million globally. Among its numerous causes, Monsanto helped children from Argentina to India by providing food and educational training, constructing schools and improving community safety.
List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
The Monsanto Pledge http://www.monsantoag.com/monsanto/layout/our_pledge/default.asp
Monsanto Chief Executive Outlines Commitments on New Agricultural Technologies in the New Monsanto Pledge http://www.monsanto.com/monsanto/layout/media/00/11-27-00.asp
Biotech Advisory Council list of members http://www.monsantoag.com/monsanto/layout/our_pledge/dialogue/biotech_advisory.asp#03
NCFAP Study shows Reduced Pesticides, Increased Yields from Biotech Crops http://www.monsantoag.com/monsanto/layout/our_pledge/benefits/scientific_studies.asp http://www.ncfap.org/40CaseStudies.htm
Economic, Environmental and Social Benefits of Bt Cotton http://www.monsantoag.com/monsanto/layout/our_pledge/benefits/bt_cotton.asp ; http://www.isaaa.org; news and Updates December 02: Report Shows GM Crops Generating Global Economic, Environmental and Social Benefits: Small Farmers in Developing Countries Are Major Beneficiaries
Microcredit Benefiting Farmers And Their Families In The Developing World, Monsanto Executive Says http://www.monsanto.com/monsanto/layout/media/02/11-12-02.asp
Biotechnology A Tool To Help Improve The Quality Of Life For Women Monsanto Executive Says. http://www.monsanto.com/monsanto/layout/media/02/10-23-02.asp
Monsanto Reinforces Pledge to Growers - Transfers Important Technology to Cotton Incorporated http://www.monsanto.com/monsanto/layout/media/02/08-09-02a.asp
Biotechnology can improve quality of food for both Developed and Developing world, Monsanto Executive says; Speech at International Science Conference Highlights Current and Future Benefits of Plant Biotechnology http://www.monsanto.com/monsanto/layout/media/02/06-26-02.asp
New Study Demonstrates Role of plant Biotechnology in Pesticide Reduction; Biotech Crops Reducing Pesticide Use in the U.S. by Millions of Pounds Annually http://www.monsanto.com/monsanto/layout/media/02/06-18-02.asp
Monsanto Manager Recognized for Conservation Tillage Contributions in Spain http://www.monsanto.com/monsanto/layout/media/02/05-15-02.asp
Monsanto Reaffirms Commitment to Sustainability http://www.monsanto.com/monsanto/layout/media/02/04-22-02.asp
Monsanto Company to Share Technologies with Donald Danforth Plant Science Center to Support Global Cassava Research http://www.monsanto.com/monsanto/layout/media/02/04-16-02.asp
International Rice Genome Project Progressing Ahead of Schedule; Monsanto¡¦s Data Accelerating Research to Benefit Developing World http://www.monsanto.com/monsanto/layout/media/02/04-01-02.asp
Monsanto Providing Answers for South African Agricultural Challenges http://www.monsanto.com/monsanto/layout/media/02/03-22-02.asp
Sharing Report Documents Ag Partnerships With Developing Countries, Benefits for Smallholders http://www.monsanto.com/monsanto/layout/media/02/02-27-02.asp
Pledge Progress Measured in Release of 2000-2001 Report http://www.monsanto.com/monsanto/layout/media/02/01-29-02.asp
Provide a brief (up to 100 words) biography about the leader of this nominated company:
Hugh Grant is Monsanto's chairman, president and chief executive officer. He has served as Monsanto's executive vice president and chief operating officer; managing director of all business units in Southeast Asia, Australia and New Zealand; and marketing, sales and technology director for Europe and North America.
He has a B.S. degree in molecular biology and agricultural zoology, Glasgow University; a M.S. degree, Edinburgh University; and an MBA degree, International Management Center, U.K.
Grant is a member of the International Policy Council on Agriculture, Food and Trade; Executive Committee of the Microcredit Summit Campaign; and International Advisory Board of Scottish Enterprise.
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