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Rabobank Honors Lineage at Annual Leadership Summit

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The annual celebration recognizes organizations that demonstrate remarkable industry stewardship, sustainability and innovation in food and agribusiness

NEW YORK, Dec. 6, 2024 /PRNewswire/ -- Rabobank, a premier global food and agribusiness bank founded 125 years ago and a leading financier of the energy transition, today announced the recipients of its annual prestigious Rabobank North America Leadership Awards. Lineage Inc., the world's largest global temperature-controlled warehouse REIT, took home the hardware for the Rabobank Award for Excellence in Corporate Leadership.

“We commemorate Lineage, a visionary company demonstrating strong leadership, innovative solutions and social responsibility, to drive responsible growth and navigate the ever-changing landscape of the future of food,” said David Bassett, Head of Wholesale Banking North America at Rabobank.
“We commemorate Lineage, a visionary company demonstrating strong leadership, innovative solutions and social responsibility, to drive responsible growth and navigate the ever-changing landscape of the future of food,” said David Bassett, Head of Wholesale Banking North America at Rabobank.

This Leadership Award honors a large-scale market leader in North America that has generated strong business results while forging a lasting impact on its sector and the world at large. Lineage was celebrated among 400 guests on Thursday, December 5, during Rabobank's annual Leadership Summit in New York City.

"We commemorate Lineage, a visionary company demonstrating strong leadership, innovative solutions and social responsibility, to drive responsible growth and navigate the ever-changing landscape of the future of food," said David Bassett, Head of Wholesale Banking North America at Rabobank.

Headquartered in Michigan, Lineage is transforming the world's food supply chain to eliminate waste and help feed the world with a global network of conventional and automated cold-storage facilities. The robust network includes more than 480 strategically located facilities across North America, Europe, and Asia-Pacific.

"It is an honor to be recognized for this year's Rabobank Award for Excellence in Corporate Leadership, reflecting the vital work of our purpose-driven and experienced leadership team who works alongside more than 26,000 Lineage team members who challenge themselves to transform the food supply chain," said Adam Forste, Co-Founder and Co-Executive Chairman of Lineage. "At Lineage, we take great pride in our work as a leading, mission-critical component of the global food supply chain, as we march toward our purpose of eliminating waste and helping feed the world."

Across the globe, approximately 14 percent of the world's food, valued at $400 billion, is lost on an annual basis between harvest and the retail market (FAO 2019). At the same time, an estimated 17 percent of food is wasted at the retail and consumer levels (UNEP, 2021). Lineage couples end-to-end supply chain solutions with proprietary technology and partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency and advance sustainability.