IFC, the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, has agreed to use DSM-Firmenich’s Sustell in a program in Brazil to monitor emissions in the dairy supply chain.
Sustell is a life cycle assessment (LCA) platform for the animal protein value chain. By capturing feed and farm-specific data and backed by third-party ISO certified methodology, Sustell is a scalable platform to allow users and the value chain to accurately measure and reduce the full environmental footprint of their animal protein.
By embracing green financing, disclosing environmental risks, and implementing credible measurement platforms, lenders can contribute to the greening of the financial system, the food system and foster a more sustainable future for both the planet and the economy. Sustell works with numerous banks on measuring and reducing their customers’ environmental footprint, creating new business opportunities and enhancing the overall sustainability of animal production.
“This shows how banks can use Sustell to identify and manage financed emissions in the agriculture and the food sectors,” said Heinz Flatnitzer, global head of emissions value management at DSM-Firmenich. “This is particularly important to the banking sector in light of increasingly stringent reporting requirements, efforts to tackle greenwashing and the industry’s commitment to net-zero greenhouse gas emissions by 2050 – and to steer capital towards more sustainable operations.”
