Benson Hill
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental sustainability (climate, water, and biodiversity)
- Social capital (supply chain diversity, human rights, community relations, and philanthropy)
- Corporate governance
Environmental Achievements
- Conducted an independent consultant-led life cycle assessment of an ingredient derived from Ultra High Protein soybeans, showing significant reduction in GHG emissions and water use due to reduced processing.
Social Achievements
- Developed processes and internal programs, such as employee-led councils, to build awareness and appreciation of individual differences and promote inclusivity.
Governance Achievements
- Adopted Corporate Governance Guidelines, Insider Trading Policy, Anti-Hedging Policy, Anti-Pledging and Margin Account Policy, Clawback Policy, Code of Conduct and Ethics.
Climate Goals & Targets
Environmental Challenges
- Maintaining NYSE listing due to low average closing stock price.
Mitigation Strategies
- Proposed a reverse stock split to increase share price and maintain NYSE listing.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Developing seeds, ingredients, and food that generates social and environmental benefit throughout the food value chain.
Sustainable Products & Innovation
- Ultra High Protein soybeans
Reporting Period: 2024
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Decreased carbon intensity per kg of oil, protein, and kcal
ESG Focus Areas
- Climate Change
- Sustainable Agriculture
- Resource Efficiency
- Food Security
- Energy Independence
Environmental Achievements
- Improved Compositional Productivity in soybeans leading to lower carbon intensity per unit of output (oil, protein, kcal) compared to commodity soybeans. Specific reductions vary by product and year, with projections showing significant decreases by 2031 (see report for details).
Social Achievements
- Collaborations with partners like Perdue and BioMar to improve their supply chain sustainability.
- Focus on improving soybean nutrition and quality to enhance food security.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- By 2025, Benson Hill genetics will be able to address ~70% of U.S. soy acres.
Environmental Challenges
- Majority of consumer goods companies are not on track to meet Scope 3 emissions reduction targets.
- Complexity of the agribusiness value chain makes Scope 3 emissions reductions difficult.
- Traditional focus on yield in soybean production has neglected quality, limiting sustainability potential.
Mitigation Strategies
- Developing Made from Better™ soybeans with improved Compositional Productivity (higher protein, oil content) to reduce carbon intensity per unit of output.
- Utilizing CropOS® platform and Crop Accelerator to accelerate seed development and improve prediction accuracy.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products (UHO soybeans for biofuel)
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Ultra-High Oil (UHO) soybeans
- Ultra-High Protein-Low Oil (UHP-LO) soybeans
- Ultra-High Protein (UHP) soybeans
Awards & Recognition
- Not disclosed