member spotlight: cargill
Longtime BAC member Cargill has earned a spot on Fortune’s first ‘Change the World’ list, which recognizes the top 51 companies that have made a sizable impact on major global social or environmental problems as part of their competitive strategy. Four criteria were taken into consideration: business innovation, measurable impact at scale on an important social challenge, the contribution of shared value activities to the company’s profitability and competitive advantage and the significance of the shared value effort to the overall business.
Cargill, headquartered near Minneapolis, was nominated for its pioneering efforts to curb malnutrition in India by fortifying its edible oils with vitamins A and D. India is home to 194 million malnourished people of which 40 percent are children. Cargill’s decision to fortify its edible oils in 2008 is largely seen by the industry as the catalyst for the oil fortification trend in India. Siraj Chaudhry, CEO of Cargill Foods India said: “We are constantly looking at innovating our products, solutions and services to better meet the needs of our customers. Back in 2008, we saw the potential of fortifying our edible oils to bring a better product to the market and help nourish the millions of people suffering from malnutrition with the vitamins they desperately needed. Cargill, which celebrated its 150th anniversary this year, has 153,000 employees in 67 countries. In the Bay Area, Cargill produces sea salt for food, agriculture, and industry markets in the Western states. Learn more about Cargill>>