Gevo, Inc. said it has published IMPACT, a sustainability report which demonstrates the company's mission to be transparent on its environmental, social, and corporate governance (ESG) performance.
In addition to disclosing Gevo’s progress in 2020 and goals for the future, the IMPACT report shares details about the company’s holistic approach to commercializing high-value nutritional products and groundbreaking energy-dense, renewable transportation fuels.
The company said the report also demonstrates Gevo’s environmental stewardship, workplace culture and social inclusivity, and internal leadership. It also fosters a deeper understanding of stakeholder needs, generates opportunities for long-term sustainable capital, and bolsters a drive for continuous improvement.
READ: Gevo ends 2Q with $567.2M in cash and marketable securities to advance Net-Zero 1 Project
In a statement, Gevo’s chief executive officer, Dr Patrick Gruber, expressed his support for this progressive and comprehensive sustainability report, saying: “We have a way of transforming renewable energy into energy-dense liquids. As we do that, we pay attention to the whole picture; we intend to track it, make it incredibly transparent.
"The ESG report is an important part of that effort. It’s also about our employees. We care about diversity in our workforce and bringing in the best skill sets we possibly can across the board. We are going to be a global company, and so for us, it’s incredibly important to build up our diversity in our workforce.”
Gevo said the IMPACT report forecasts an exciting future for the company. In conjunction with Gevo’s pledge to reduce greenhouse gas (GHG) emissions for customers, the company is passionate about lowering the carbon footprint of internal systems and products.
The IMPACT report also demonstrates the Gevo board of directors’ strong governance role in the effort to fight climate change. The company believes its technology and systems approach will improve the environment and deliver social benefits to the wider world and IMPACT provides a greater perspective on how the company plans to deliver those benefits.
Investors can view the full IMPACT report, via the following link: https://gevo.com/impact-2020/
Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. It uses low-carbon renewable resource-based carbohydrates as raw materials and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle).
The company's products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients.
Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. The company believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.
Contact the author at jon.hopkins@proactiveinvestors.com