Monsanto Company (NYSE: MON) announced today that its Board of Directors has approved a human rights policy. The policy incorporates the company's longstanding policies, practices and commitments to human rights and includes provisions on: child labor, forced labor, compensation, working hours, harassment and violence, discrimination, safety, and freedom of association.

The policy was developed with input from business leaders and external stakeholders and includes consideration of the global nature of Monsanto's business and the circumstances unique to the agricultural industry. It was guided by the Universal Declaration on Human Rights as well as The International Labor Organization's Declaration on Fundamental Principles and Rights at Work.

"The adoption of a human rights policy is an important manifestation of the company's values described in the Monsanto Pledge," said Hugh Grant, Monsanto's chairman, president and chief executive officer. "It is a mechanism by which we will hold ourselves accountable and demonstrate our commitment to human rights as we conduct our business globally.

"We understand that the adoption of a policy is an important step forward for our business and our industry," Grant said.

Monsanto will integrate the provisions of the policy within its business operations and will seek to do business with partners who aspire to conduct their activities in a manner consistent with the policy.

The company will take a phased approach to implementation. Initially, Monsanto will communicate the policy to its employees and business partners. Additional phases are expected to include such steps as the creation of operational guidelines, training sessions, and audits as a means to verify compliance.

Monsanto's Human Rights policy and other information related to today's announcement can be accessed by visiting the company's web site at http://www.monsanto.com .

Monsanto Company is a leading provider of technology-based solutions and agricultural products that improve farm productivity and food quality.