GlobalData offers a comprehensive analysis of Green Plains, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Green Plains‘s ESG performance. GlobalData’s company profile on Green Plains offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Green Plains, a sustainable energy and bioproducts company, is committed to reduce emission to combat climate change. Green Plains has also established specific goals related to scope 1, scope 2, and scope 3 emissions. In 2022, the company’s GHG emissions reported Direct GHG Emissions (Scope 1) was 1,252 thousand metric tons (MT) CO2e, Indirect GHG Emissions (Scope 2) was 357 thousand metric tons (MT) CO2e and scope 3 was 2,849 thousand metric tons (MT) CO2e. Scope 1 emissions refer to direct emissions from owned or controlled sources, scope 2 emissions refer to indirect emissions from the generation of purchased electricity, heat, or steam, and scope 3 emissions refer to all other indirect emissions that occur in the value chain of the reporting company. Long-term target is achieving carbon-neutral operations by 2050 and attain a 100% reduction in operational GHG emissions, encompassing Scopes 1, 2, and biogenic emissions, compared to the 2018 baseline. In 2022 company successfully reduced operational GHG emissions by 26% compared to the levels recorded in 2018.
Green Plains Inc. pledges to achieve a 37.8% reduction in absolute scope 1 and scope 2 GHG emissions by 2030, using a 2021 base year. Additionally, the company is committed to a 22.5% reduction in absolute scope 3 GHG emissions within the same timeframe. The company has taken significant steps to reduce its emissions and Green Plains has partnered with Osaka Gas USA and Tallgrass to study the feasibility of synthetic methane production from low-carbon hydrogen and biogenic CO2. This partnership aims to support Japan's climate goals. The company has also partnered with United Airlines and Tallgrass to develop advanced aviation fuel using technology from the US Department of Energy. These partnerships demonstrate Green Plains's commitment to finding innovative solutions to reduce emissions.
In addition to partnerships, Green Plains has implemented sustainable sourcing and farming practices. The company ensures that 100% of the corn purchased is from non-deforested, US-domestic sources in compliance with regulations. Green Plains has also established a goal of 100% sustainably-sourced primary feedstock by 2030. The company has initiated the implementation of a sustainable sourcing and farm carbon grain origination roadmap. Furthermore, Green Plains has committed to zero waste to landfill by 2030 and has finalized a corporate recycling program plan.
Overall, Green Plains is actively working towards reducing its carbon and GHG emissions and the company's partnerships, sustainable sourcing practices, and waste reduction initiatives demonstrate its commitment to sustainability and combating climate change.