dsm-firmenich announces Sustell™ collaboration with IFC (World Bank Group) to monitor emissions in the dairy supply chain

dsm-firmenich, innovators in nutrition, health, and beauty, announces that IFC, the largest global development institution focused on the private sector in emerging markets and a member of the World Bank Group, has recently agreed to use dsm-firmenich’s Sustell™ in a program in Brazil to monitor emissions in the dairy supply chain.

Sustell™ is the leading 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.

Global Head of Emissions Value Management at dsm-firmenich, Dr Heinz Flatnitzer commented, “This shows how banks can use Sustell™ to identify and manage financed emissions in the agriculture and the food sectors. 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’’.

About IFC

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org

About dsm-firmenich

As innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world’s growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for the planet. dsm-firmenich is a Swiss-Dutch company, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life™ every day, everywhere, for billions of people.
www.dsm-firmenich.com

Published on

02 April 2024

Tags

  • Press release
  • Sustell™
  • Sustainability

Media Contact

KWT Global (for dsm-firmenich)

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