Renewable Energy Group Inc.
May 17, 20221 min
Renewable Energy Group Inc. announced May 16 the issuance of its 2021 environmental, social and corporate-governance (ESG) report. As the world transitions to clean-energy solutions, REG says it plays a critical role in the advancement of decarbonization of liquid fuels.
“At the core of what we do is our shared purpose to create a cleaner world with a focus on reducing greenhouse gas (GHG) emissions and carbon footprint, for now and for the future,” said CJ Warner, REG president and CEO. “This motivation continues to drive our sustainable operations and deliver the clean, high-performing fuels that benefit both our customers and our planet.”
The new report showcases the company’s 2021 ESG performance. Highlights include:
Produced 480 million gallons of biobased diesel, which generated 4.1 million metric tons of carbon reduction
78 percent of feedstocks used to make products sourced from waste and residual streams
Issued $550 million “green bond” to finance the expansion of REG’s Geismar, Louisiana, biorefinery and broke ground on the expansion and improvement project
Set corporate record for safety performance with industry leading 0.23 OSHA incident rate
Increased board diversity with new board appointees bringing impressive backgrounds and experience and established explicit board-diversity goal
Enhanced sustainability reporting to increase alignment to the Sustainability Accounting Standards Board standard for the biofuels industry
Read the full report by clicking here.