Gevo Releases IMPACT, an Environmental, Social, and Corporate Governance (ESG) Report; Strengthening its Commitment to Transparency and Accountability
August 16 2021 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO) has published IMPACT, a sustainability
report which demonstrates Gevo’s mission to be transparent on its
environmental, social, and corporate governance (ESG) performance.
In addition to disclosing Gevo’s progress in 2020 and goals for the
future, IMPACT shares details about Gevo’s holistic approach to
commercializing high-value nutritional products and groundbreaking
energy-dense, renewable transportation fuels. The report
demonstrates Gevo’s environmental stewardship, workplace culture
and social inclusivity, and internal leadership. It also fosters a
deeper understanding of stakeholder needs, generates opportunities
for long-term sustainable capital, and bolsters a drive for
continuous improvement.
Gevo’s Chief Executive Officer, Dr. Patrick Gruber, has
expressed his support for this progressive and comprehensive
sustainability report: “We have a way of transforming renewable
energy into energy-dense liquids. As we do that, we pay attention
to the whole picture; we intend to track it, make it incredibly
transparent. The ESG report is an important part of that effort.
It’s also about our employees. We care about diversity in our
workforce and bringing in the best skill sets we possibly can
across the board. We are going to be a global company, and so for
us, it’s incredibly important to build up our diversity in our
workforce.”
IMPACT forecasts an exciting future for Gevo. In conjunction
with Gevo’s pledge to reduce greenhouse gas (GHG) emissions for
customers, the company is passionate about lowering the carbon
footprint of internal systems and products. IMPACT also
demonstrates the Board of Directors’ strong governance role in the
effort to fight climate change. Gevo believes its technology and
systems approach will improve the environment and deliver social
benefits to the wider world and IMPACT provides a greater
perspective on how the company plans to deliver those benefits.
To view the full IMPACT report, please visit:
https://gevo.com/impact-2020/
About Gevo
Gevo is commercializing the next generation of gasoline, jet
fuel and diesel fuel with the potential to achieve zero carbon
emissions, addressing the market need of reducing greenhouse gas
emissions with sustainable alternatives. Gevo uses low-carbon
renewable resource-based carbohydrates as raw materials and is in
an advanced state of developing renewable electricity and renewable
natural gas for use in production processes, resulting in
low-carbon fuels with substantially reduced carbon intensity (the
level of greenhouse gas emissions compared to standard petroleum
fossil-based fuels across their lifecycle). Gevo’s products perform
as well or better than traditional fossil-based fuels in
infrastructure and engines, but with substantially reduced
greenhouse gas emissions. In addition to addressing the problems of
fuels, Gevo’s technology also enables certain plastics, such as
polyester, to be made with more sustainable ingredients. Gevo’s
ability to penetrate the growing low-carbon fuels market depends on
the price of oil and the value of abating carbon emissions that
would otherwise increase greenhouse gas emissions. Gevo believes
that its proven, patented technology enabling the use of a variety
of low-carbon sustainable feedstocks to produce price-competitive
low carbon products such as gasoline components, jet fuel, and
diesel fuel yields the potential to generate project and corporate
returns that justify the build-out of a multi-billion-dollar
business. Learn more at www.gevo.com.
About ESG Reporting
According to NASDAQ’s ESG reporting guides, ESG generally refers
to “a broad set of environmental, social and corporate governance
considerations that may impact a company’s ability to execute its
business strategy and create value over the long term,” and ESG
reports are a vital and progressive tool for assessing
publicly-traded companies. Since 2011, there has been a dramatic
increase in sustainable reporting from corporate entities. In its
2020 analysis, the Governance & Accountability Institute
(G&A) found that 90% of companies in the S&P 500 published
an ESG report. This illustrates an increased demand from both
investors and business leaders for transparency, safety, and
fairness in the corporate sector.
IMPACT provides qualitative examples for relevant topics in the
United Nations (UN) Sustainable Development Goals (SDG). The
contents are also informed by the Sustainability Accounting
Standards Board (SASB) Biofuels Industry Standard and the SASB
Agricultural Products Industry Standard. Gevo continues to assess
stakeholders’ interest in other frameworks such as the Task Force
on Climate-related Financial Disclosures (TCFD) and may expand said
reporting in the future. Unless otherwise noted, the report
discloses activities and results for operated assets from January
1, 2020, to December 31, 2020.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements relate to a variety of matters, without limitation,
including the publication of Gevo’s ESG report, the statements
contained in Gevo’s ESG report, Gevo’s sustainability practices,
Gevo’s products, Gevo’s technology, and other statements that are
not purely statements of historical fact. These forward-looking
statements are made on the basis of the current beliefs,
expectations and assumptions of the management of Gevo and are
subject to significant risks and uncertainty. Investors are
cautioned not to place undue reliance on any such forward-looking
statements. All such forward-looking statements speak only as of
the date they are made, and Gevo undertakes no obligation to update
or revise these statements, whether as a result of new information,
future events or otherwise. Although Gevo believes that the
expectations reflected in these forward-looking statements are
reasonable, these statements involve many risks and uncertainties
that may cause actual results to differ materially from what may be
expressed or implied in these forward-looking statements. For a
further discussion of risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of Gevo in general, see the risk disclosures in the Annual
Report on Form 10-K of Gevo for the year ended December 31, 2020,
and in subsequent reports on Forms 10-Q and 8-K and other filings
made ith the U.S. Securities and Exchange Commission by Gevo.
Investor and Media
ContactIR@gevo.com+1 720-647-9605
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