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DuPont Leader Calls for Commitment and Accountability to Prevent Global Food Crisis

James C. Borel Urges Group of Global Leaders in Europe to Work Together to Feed a Growing World

GENEVA, Feb. 8, 2012 - DuPont Executive Vice President James C. Borel urged more than 200 business, government and non-profit leaders to commit to a new level of collaboration and personal accountability to achieve global food security today at The Economist Conferences Feeding the World summit in Geneva. The Feeding the World summit explores actions needed to ensure that a global population rising to 9 billion or more can be fed sustainably and equitably.

“We know that the consequences of hunger and malnutrition are so devastating, so multi-faceted, that no one company, country or organization has all the answers. It will take all of us working collaboratively to ensure that every person has enough nutritious food to eat,” Borel said. “Together, we must take action. Now is the time for increased accountability to prevent the looming crisis that will have ramifications for all people.”

DuPont has committed to invest US$10 billion in research and development dedicated to the food, agriculture and nutrition sectors and advancing 4,000 new products by the end of 2020; supporting training and education opportunities for youth around the world, and working with farmers to improve the livelihoods of families in rural communities. (For more information on DuPont's commitment to global food security, visit foodsecurity.dupont.com).

Borel provided several examples of how DuPont is committed to helping feed a growing world including:

  • Developing a natural culture that preserves and stabilizes raw milk and extends its shelf life by 8 to 12 hours. To a dairy farmer in a developing country, this product can help improve their business model, ensure a valuable protein is available to their family and community, and potentially help them lift themselves out of poverty.
  • In Africa, DuPont is helping to equip the next generation of smallholder farmers with skills so they can become self-sustaining by investing $2 million over two years to establish a comprehensive professional development institute for 4-H African leadership. The company’s initial focus is in Kenya, Tanzania, Ghana, Ethiopia and South Africa – countries where the need to engage young people in agriculture is greatest.
  • Other projects under way involve technology to deliver drought-tolerant seeds to local farmers across the globe. These new seeds will improve productivity and efficiency of water usage across many different crops and regions.

“Science is global – but solutions must be local. The chances of achieving that goal are increased dramatically by creating science-based innovations that target specific local challenges, collaborating with others on solutions and bringing know-how to the people and places that need it most,” said Borel.

"I'm pleased that DuPont is marshalling its resources to address key issues from the committee's findings.  We need to follow the lead of organizations like DuPont, who commit to doing something about global food security, because they know hunger is at the heart of all other global issues," said Daschle.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.

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Contact:   Lonnetta Ragland