Benson Hill, Inc., a seed innovation company, has published its third annual Environmental, Social, and Governance (ESG) Report, showcasing significant progress and achievements in 2023. The report, available online, provides comprehensive data and milestones underscoring the company's commitment to sustainability and governance principles during a transformative year.
"As we transition from an asset-heavy, closed-loop model to an asset-light approach focused on licensing and partnerships, we are committed to scaling our operations efficiently while adhering to our ESG principles," said Deanie Elsner, Chief Executive Officer of Benson Hill. "Our 2023 ESG Report highlights the positive outcomes of our business transformation, demonstrating our dedication to innovation that generates value and enhances environmental performance."
Key highlights from the 2023 ESG report
Business transformation: The report details Benson Hill's shift towards an asset-light model, emphasizing strategic partnerships to leverage existing infrastructure. This transition aims to expand the company's reach beyond food markets into feed and fuel sectors, bringing ESG benefits to more agricultural acres.
Innovator award: The report spotlights Bob Koester, recipient of Benson Hill’s second annual Mockler Innovator Award. Koester is recognized for his contributions through creative problem-solving, scientific excellence, and an entrepreneurial mindset.
Business milestones: The company successfully divested its soy processing assets in late 2023 and early 2024, reflecting a strong focus on execution and financial discipline.
Strategic partnerships: The report reviews key collaborations, including a partnership with Denmark-based BioMar to use Benson Hill soy and assess its sustainability impact, and a commercial license agreement with Corteva Agriscience and M.S. Technologies L.L.C. for Enlist E3® soybean technology.
Intellectual property: Benson Hill has strengthened its focus on intellectual property, reducing risk for new product launches, proprietary seed varieties, and novel discoveries.
Innovation platforms: The company's technology team has developed five innovation platforms to drive growth across multiple market segments, including animal feed, consumer packaged goods, and pet food.
Sustainable practices: Benson Hill is committed to "harvesting for tomorrow" by integrating natural resource management into daily operations, supporting soil health, and collaborating with farmers who use regenerative agriculture practices.
For more detailed information on Benson Hill's impact and to download the full ESG report, visit Benson Hill's ESG Report.
