POET has release of its inaugural sustainability report, which outlines the company’s focus on environmental, social and governance (ESG) initiatives.
POET established several ESG goals, including the achievement of net-zero carbon at its bioprocessing facilities by 2050.
In addition, POET has pledged to ensure that its renewable, plant-based bioethanol reduces greenhouse gas (GHG) emissions by at least 70% compared to petroleum by 2030.
“Sustainability has always been at POET’s core. We recognise that our planet urgently needs bolder solutions and better results if we hope to restore harmony between human and nature and sustain Earth’s fragile balance for future generations,” said POET founder and CEO Jeff Broin. “Now more than ever, it is critical that we embrace the bioeconomy, significantly reduce our dependence on fossil fuels, and harvest our energy from the surface of the Earth.”
The report’s initiatives include investing in the latest biotechnology, advancing operational efficiencies and promoting a sustainable society through both POET’s business ventures and its philanthropic endeavours.
“At POET, our solution to the climate crisis lies at the intersection of regenerative agriculture, renewable innovation, and effective public policy,” said Broin. “By outlining our vision for sustainability, we aim not only to position POET for long-term success, but to help blaze a trail toward global decarbonisation through net-zero biofuels and bioproducts.”
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