Bioceres Crop Solutions Corp. (NASDAQ: BIOX), a pioneer in developing and promoting productivity solutions aimed at revitalizing agricultural ecosystems and enhancing crop resilience to climate change, has announced the publication of its global report on greenhouse gas emissions. The comprehensive report accounts for the Scope 1 & 2 greenhouse gas emissions during the fiscal year 2023 across all facets of the company’s operations, encompassing manufacturing facilities, research and development campuses, and administrative offices in Argentina, Brazil, Estonia, and the United States.
Conducted by the independent third-party expert, Boundless Impact Research and Analytics, the calculations adhere to GHG Protocol guidance established by the World Resources Institute and the World Business Council for Sustainable Development. Since the baseline year of FY21, Bioceres has implemented substantial initiatives to curtail its global greenhouse gas emissions. These efforts include transitioning operations to zero-emission renewable energy sources, investing in energy-efficient utilities, machinery, and vehicles, particularly during new constructions and facility upgrades. The company has also introduced monitoring equipment and software to provide real-time feedback on resource consumption and utilization, in addition to pursuing net zero-waste certification for its operations.
In FY23, Bioceres activities led to a total of 8,187 metric tons of CO2e, with 66% attributed to Scope 1 emissions and 34% to Scope 2 emissions. Notably, the company achieved a remarkable 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. Bioceres intends to replicate this success by transitioning three facilities in the Pergamino, Argentina campus, commencing mid-calendar year 2024, with the aim of replacing 40% of the total electrical usage in those facilities.
Federico Trucco, Chief Executive Officer, emphasized the organization’s commitment to reducing emissions in agriculture through product adoption and highlighted the importance of monitoring and minimizing emissions in their own operations. Trucco noted the significant strides taken in the past two years to enhance sustainability, energy efficiency, and the ongoing commitment to further improvements as the company expands its global commercial activities.
