Bioceres Crop Solutions Releases Scope 1 & 2 Greenhouse Gas Emissions Report
January 23 2024 - 4:30PM
Business Wire
Bioceres Crop Solutions Corp. (NASDAQ: BIOX), a leader in the
development and commercialization of productivity solutions
designed to regenerate agricultural ecosystems while making crops
more resilient to climate change, announced today the release of
the company’s global greenhouse gas emissions report, available
here.
The report takes inventory of the company´s fiscal year 2023
Scope 1 & 2 greenhouse gas emissions across all operations,
spanning manufacturing plants, research and development campuses,
and administrative offices in Argentina, Brazil, Estonia, and the
United States. The calculations were undertaken by an independent
third-party expert, Boundless Impact Research and Analytics, and
follow GHG Protocol guidance established by the World Resources
Institute and the World Business Council for Sustainable
Development.
Since the FY21 baseline, the company has undertaken significant
initiatives to reduce its global greenhouse gas emissions,
primarily via transitioning operations to zero-emission renewable
energy sources where available, investing in more energy-efficient
utilities, machinery and vehicles—particularly with new
construction and during facility upgrades, introducing monitoring
equipment and software that provides real-time feedback on resource
consumption and utilization, and pursuing net zero-waste
certification for its operations.
During FY23, activities within Bioceres resulted in a total of
8,187 metric tons of CO2e, of which 66% are a result of Scope 1
emissions and 34% are a result of Scope 2 emissions. Bioceres
achieved a 33.7% reduction in global Scope 2 emissions compared to
the baseline year by transitioning the Davis, California campus and
Bangor, Michigan plant to zero-emission, all-renewable energy
sources. The company plans to transition three facilities in the
Pergamino, Argentina campus, starting mid-calendar year 2024 with
the expectation of replacing 40% of total electrical usage in those
facilities.
“As an organization, our focus is to reduce emissions in
agriculture through the adoption of our products. This starts with
the monitoring and minimization of emissions in our own operations.
We have taken important steps in the past two years to reduce our
own footprint and improve our sustainability and energy efficiency
efforts and will continue to do so as we expand our commercial
activities globally,” said Federico Trucco, Chief Executive
Officer.
About Bioceres Crop Solutions Corp.
Bioceres Crop Solutions Corp. (NASDAQ: BIOX) is a leader in the
development and commercialization of productivity solutions
designed to regenerate agricultural ecosystems while making crops
more resilient to climate change. To do this, Bioceres’ solutions
create economic incentives for farmers and other stakeholders to
adopt environmentally friendlier production practices. The Company
has a unique biotech platform with high-impact, patented
technologies for seeds and microbial ag-inputs, as well as next
generation crop nutrition and protection solutions. Through its HB4
program, the Company is bringing digital solutions to support
growers’ decisions and provide end-to-end traceability for
production outputs. For more information, visit here.
Forward-looking statements
This communication includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward-looking statements are based on management’s reasonable
current assumptions, expectations, plans and forecasts regarding
the Company’s current or future results and future business and
economic conditions more generally. Such forward-looking statements
involve risks, uncertainties and other factors, which may cause the
actual results, levels of activity, performance or achievement of
the Company to be materially different from any future results
expressed or implied by such forward-looking statements, and there
can be no assurance that actual results will not differ materially
from management’s expectations or could affect the Company’s
ability to achieve its strategic goals, including the uncertainties
relating to the impact of COVID-19 on the Company’s business,
operations, liquidity and financial results and the other factors
that are described in the sections entitled “Risk Factors” in the
Company's Securities and Exchange Commission filings updated from
time to time. The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements as predictions of future events. All forward-looking
statements contained in this release are qualified in their
entirety by this cautionary statement. Forward-looking statements
speak only as of the date they are or were made, and the Company
does not intend to update or otherwise revise the forward-looking
statements to reflect events or circumstances after the date of
this release or to reflect the occurrence of unanticipated events,
except as required by law.
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Bioceres Crop Solutions Paula Savanti Head of Investor
Relations investorrelations@biocerescrops.com
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