dsm-firmenich unveiled that International Finance Corporation (IFC), a member of the World Bank Group, has agreed to use the company’s life cycle assessment (LCA) platform, Sustell, to monitor emissions in the dairy supply chain.
dsm-firmenich, innovators in nutrition, health, and beauty, has announced that International Finance Corporation (IFC), one of the largest global development institutions focused on the private sector in emerging markets and a member of the World Bank Group, has recently agreed to use dsm-firmenich’s life cycle assessment (LCA) platform, Sustell™, in a program in Brazil to monitor emissions in the dairy supply chain.
Sustell™ is one of the leading life cycle assessment (LCA) platforms 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.
According to dsm-firmenich, 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. The company points out that 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.’
