Climate Change Data

POET

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Carbon Intensity:49.4 gCO2e/MJ (average)

ESG Focus Areas

  • Climate Change
  • Sustainable Agriculture
  • Community Development
  • Employee Well-being
  • Ethical Conduct

Environmental Achievements

  • Reduced annual energy use by 18% since 2005
  • Increased per bushel biofuel yield by 8% since 2005
  • Reduced annual water use per gallon by 20% since 2007
  • Capture of nearly 6 million tons of CO2
  • Majority of POET’s headquarters powered by a 400 kW solar farm (largest in the city)
  • Waste to energy technology at Chancellor, SD facility
  • Combined Heat & Power in nearly half of POET’s bioprocessing facilities, totaling 50 megawatts per year

Social Achievements

  • Established POET Gives Back employee giving and philanthropy program
  • Founded Seeds of Change international nonprofit
  • Donated thousands of gallons of sanitizer during COVID-19 pandemic
  • Created a behavior-based safety program called “Work to Live”, significantly reducing lost time accidents
  • Offers competitive Total Rewards package and various employee benefits

Governance Achievements

  • Established a carbon strategy team in 2021
  • Supplier Code of Conduct Policy
  • Commitment to complying with all applicable laws and regulations
  • Equal Employment Opportunity Policy
  • Anti-Discrimination Policy
  • Anti-Corruption and Anti-Bribery policy

Climate Goals & Targets

Long-term Goals:
  • Transition POET’s bioprocessing facilities to carbon neutrality by 2050
Medium-term Goals:
  • Reduce the carbon intensity of bioethanol by 70% compared to traditional gasoline by 2030

Environmental Challenges

  • Need for state and federal policy support for carbon reduction pathways
  • Significant capital investments required for carbon reduction technologies
  • Indirect Land Use Change (LUC) concerns related to biofuel production
Mitigation Strategies
  • Advocating for policies that support biofuels and bioproducts
  • Partnering with Farmers Business Network (FBN) to incentivize sustainable farming practices
  • Working with CARB and EPA to update CI models to reflect the most recent estimates of LUC
  • Investing in cutting-edge technology and development of bioproducts to replace petroleum products

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct Policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Paris Climate Agreement, UN Sustainable Development Goals

Sustainable Products & Innovation

  • Bioethanol
  • Voilà corn oil
  • JIVE asphalt rejuvenator
  • Renewable CO2
  • Dry Ice
  • Purified Alcohol
  • Dakota Gold animal feed
  • NexPro animal feed
  • ProPellet animal feed
  • Wet Distillers Grain