Local Bounti releases its first corporate sustainability report

Hamilton, Monte, January 5, 2022 /PRNewswire/ – Local Bounti Corporation (NYSE: LOCL) (Local Bounti), a groundbreaking American indoor farming company, today announced the release of its first corporate sustainability report. The report follows the standards of the Global Reporting Initiative (GRI) and the Sustainable Accounting Standards Board (SASB) and is consistent with the United Nations Sustainable Development Goals (UN SDG), and contains strong environmental, social and governance (ESG) commitments-this Is the first controlled environment agriculture (CEA) industry-including:

Local Bounti Sign (PRNewsfoto/Local Bounti)

  • Invest and support local Bounti employees by paying living wages, while providing full-time, non-seasonal work and full benefits

  • Produce greenhouse gas (GHG) neutral leafy vegetables by 2030

  • Invest in underserved communities by promising to spend more than 50 million USD In a facility located in the Federal Opportunity District

  • Use the GRI and SASB international framework to report transparently, including the full scope 1 and 2 greenhouse gas values ​​and actual water consumption

exist September 2021, Local Bounti became one of the first US CEA companies to participate in the United Nations Global Compact Initiative, demonstrating its commitment to sustainable development, and its mission-based business model and strategy to support multiple United Nations goals and principles of responsible business.

“As a leader in the disruptive agricultural technology field, after participating in the United Nations, we have created a number of firsts for the company in 2021, including playing a leading role in the sustainable development of our industry.” Craig Herbert, Co-CEO of Local Bounti. “Sustainability is deeply ingrained in our corporate culture and overall ESG goals, and I am proud that our team is committed to turning a new page in the agricultural sector™ and building our reputation for corporate responsibility in the early days of Local Bounti’s history.”

Hurlbert explained that leading the industry in terms of transparent sustainability means using global standards, which is why Local Bounti will report in accordance with GRI standards starting in 2021.

View the local Bounti employment sustainability report here.

Check out the local Bounti sustainability website here.

About local Bounti

Local Bounti is a leading controlled environment agriculture (CEA) company that redefines conversion efficiency and environmental, social and governance (ESG) standards for indoor agriculture.The local Bounti operates an advanced indoor planting facility Hamilton, Montana, Only a few hours’ drive from its retail and food service partners. Reaching retail shelves in record time after harvest, local Bounti products are superior in taste and quality compared to traditional field-grown vegetables. Local Bounti’s US Department of Agriculture coordinates Good Agricultural Practices (GAP Plus+) and Non-GMO (GMO) products that use proprietary technology to grow sustainably 365 days a year, no pesticides and herbicides, and the land and water used 90% and 90% less traditional outdoor farming methods than local. Local Bounti’s mission is to “bring our farm to your kitchen within the least possible distance of food” and is destroying the cultivation and delivery of agricultural products. Local Bounti is also committed to making meaningful connections and giving back to every community it serves.To learn more, please visit localbounti.com Or follow the company LinkedIn Learn about the latest news and developments.

Forward-looking statements

This press release contains forward-looking statements. These statements are made in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as “feel”, “believe”, “expect”, “estimate”, “project”, etc. “Intend”, “should”, “will be” or the negation of these terms, or other similar terms. Forward-looking statements are statements that are not historical facts.Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Due to many factors, this may cause actual results to differ materially from the forward-looking statements contained herein, including but not limited to: Local Bounti Income ability; the risk that Local Bounti may never achieve or maintain profitability; Local Bounti may not be able to effectively manage the risk of its future growth; The risk that Local Bounti cannot obtain additional necessary capital under acceptable conditions or at all when needed; Local Bounti’s ability to build additional facilities; Relying on third parties for construction, delays related to material delivery and supply chain, and material price fluctuations; Local Bounti can reduce the cost of goods sold over time; Local Bounti’s CEA facility is damaged or Possibility of problems; local Bounti’s ability to attract and retain qualified employees; local Bounti’s ability to develop and maintain its brand; local Bounti’s ability to maintain its corporate culture or focus on its vision as it grows; local Bounti to execute its growth Strategic capabilities; the risk of plant diseases and insect pests destroying crops; local Bounti’s ability to successfully compete in the fiercely competitive natural food market; local Bounti’s ability to defend intellectual property rights infringement claims; changes in consumer preferences, perceptions and consumption habits in the food industry; The demand for lettuce, coriander, basil and other vegetables and herbs is affected by seasonal fluctuations; the ability of the local Bounti to achieve its sustainable development goals; and other risks and uncertainties that may be pointed out from time to time, including the local Bounti’s submission to the US Securities and Exchange Commission (SEC) “Risk Factors” and “Forward-Looking Statements” Risks and Uncertainties in the Current Report on Form 8-K Filed November 24, 2021The quarterly report on Form 10-Q and the annual report on Form 10-K, as well as other reports and documents in the local Bounti file filed with the SEC from time to time, are supplemented. Local Bounti cautions that the above list of factors is not exclusive, and cautions readers not to rely excessively on any forward-looking statements, which are only effective as of the date they are made. Local Bounti does not undertake or accept any obligation or undertaking to update or modify any forward-looking statements to reflect any changes in its expectations or any changes in the events, conditions or circumstances on which any such statements are based.

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