Renewable Energy Group (REG), the leading developer of biofuels, released its 2020 environmental, social and governance (ESG) report this Monday; where the company reaffirmed its mission to support the environment, its employees and society.
Firstly, the report highlights the company’s performance on key elements of the ESG agenda, including its response to the covid-19 pandemic; which caused massive disruption of demands and supply chains in various industries.
Secondly, the company refers that, during February of 2020, it implemented remote-work for its personnel; as well as social distancing measures, in order to ensure the safety and health of its employees.
Thirdly, it created metrics to track employee health; also, supply status, and business impact. It also provided regular employee communication and information on developments related to the pandemic.
Moreover, in regards to environmental sustainability, the company highlights that it avoided 4,2 million metric tons of CO2; by the increase in its biofuel production. REG produced 519 million gallons of biofuel, which generated the mentioned carbon emissions reduction.
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Renewable Energy Group with increased output, feedstocks and emissions reduction
In addition, REG increased its blend of petroleum and biodiesel blend in 13%; allowing for greater displacement of petroleum diesel and improved carbon reduction. The company also managed to increase its output by utilizing 14 different feedstocks; primarily waste and derived from over 100 suppliers.
Furthermore, as for its social responsibility, REG underlines that, during 2020 it continued to build upon a company culture that values employees and partners. In fact, Renewable Energy Group completed a coordinated effort to execute a major scheduled maintenance project at the Company’s renewable diesel plant; in Geismar, Louisiana.
Indeed, the company managed all of this in the midst of the pandemic, with no transmissions of the virus and zero injuries.
Finally, about the performance of REG, CEO, CJ Warner, said. “In 2020, REG was in the right place at the right time, also providing essential clean energy to the transportation sector. REG is making real and immediate carbon reductions and stands ready to grow and innovate in order to meet increasing demand.”
Click here to access the full report.