Benson Hill’s Third Annual ESG Report Spotlights Transformation and Innovation
July 09 2024 - 2:00PM
Business Wire
Company drives ESG principles during strategic
shift to serve new end markets in soy
Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”),
a seed innovation company, today released its third annual
Environmental, Social and Governance (ESG) Report. The online
report includes comprehensive data and ESG milestones achieved
during 2023, a year of significant progress and change for Benson
Hill.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240709716806/en/
Benson Hill, Inc. (NYSE: BHIL, the
“Company” or “Benson Hill”), a seed innovation company, today
released its third annual Environmental, Social and Governance
(ESG) Report. The online report includes comprehensive data and ESG
milestones achieved during 2023, a year of significant progress and
change for Benson Hill. (Graphic: Business Wire)
“As we transition from an asset-heavy, closed-loop model to an
asset-light model based on licensing and partnerships, we focus on
scaling our operations through strategic partnerships across the
value chain. These partnerships let us leverage existing
infrastructure more efficiently while keeping our commitment to
environmental, social, and governance (ESG) principles,” said
Deanie Elsner, Chief Executive Officer of Benson Hill. “Our 2023
ESG Report shows how Benson Hill is beginning to realize the
positive results from our business transformation, and we look
forward to delivering seed innovation that unlocks potential,
generates value, and improves our environmental performance.”
The online report represents progress, ESG metrics, and key
accomplishments that not only underscore the Company’s commitment
to leading the pace of innovation in soy quality traits, but also
support its vision to meet the global demand for more nutritious,
sustainable, and energy-dense feed, food, and fuel through seed
innovation. Highlights include:
- A detailed look at Benson Hill’s business transformation
in 2023, which is aimed at moving the Company beyond food markets
into broadacre opportunities in feed and fuel, bringing ESG
benefits to more acres;
- A spotlight on Benson Hill’s second annual Mockler Innovator
Award recipient Bob Koester, a technology leader who has made
substantial contributions to Benson Hill through creative
problem-solving, scientific excellence, and an entrepreneurial
mindset;
- A compilation of business milestones, such as the
successful divestitures of soy processing assets in late 2023 and
early 2024 that reflect the team’s focus on execution and financial
discipline;
- A review of key partnerships such as the strategic
collaboration with Denmark-based BioMar to use Benson Hill soy and
further assess its sustainability impact, and a commercial license
agreement with Corteva Agriscience and M.S. Technologies L.L.C. for
Enlist E3® soybean technology;
- A fresh focus on intellectual property, detailing how
Benson Hill reduces risk for new product launches, proprietary seed
varieties, and novel discoveries;
- An overview of the five innovation platforms the
Company’s technology team developed to drive growth across multiple
market segments, including animal feed, consumer packaged goods,
and pet food; and
- A discussion of how Benson Hill is “harvesting for
tomorrow” by combining natural resource management in daily
operations, supporting soil health, and working with farmers who
are using regenerative agriculture practices.
For more information on Benson Hill’s impact and to download the
full ESG report, please visit
https://www.bensonhill.com/impact.
About Benson Hill
Benson Hill is a seed innovation company that unlocks nature’s
genetic diversity in soy quality traits through a combination of
its proprietary genetics, its AI-driven CropOS® technology
platform, and its Crop Accelerator. Benson Hill collaborates with
strategic partners to create value throughout the agribusiness
supply chain to meet the demand for better feed, food, and fuel.
For more information, visit bensonhill.com or on X, formerly known
as Twitter at @bensonhillinc.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements generally relate to future events or the Company’s
future financial or operating performance and may be identified by
words such as “may,” “should,” “expect,” “intend,” “will,”
“estimate,” “anticipate,” “believe,” “predict,” or similar words.
Forward-looking statements are based upon assumptions made by the
Company as of the date hereof and are subject to risks,
uncertainties, and other factors that could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. Forward-looking statements in this
press release include, among other things, statements regarding the
anticipated benefits of the Company’s sustainability and ESG
initiatives, statements regarding the anticipated ESG impact of the
Company’s products, statements regarding the Company’s strategy,
risk profile and plans for growth, statements regarding the
expected future demand for the Company’s products, statements
regarding the expected future performance of the Company’s
technologies, statements regarding the Company’s transition to an
asset-light business model to serve broadacre animal feed markets,
statements regarding strategic partnership and licensing
opportunities, and statements regarding the Company’s ability to
realize anticipated benefits from relationships with third parties,
Factors that may cause actual results to differ materially from
current expectations include, but are not limited to: risks
associated with the Company’s ability to execute on its business
strategy, risks relating to the Company’s ability to continue as a
going concern, risks associated with the failure to realize the
anticipated commercial and nutritional benefits of the Company’s
products, product candidates and innovation pipeline, risks
associated with the Company’s ability to achieve its sustainability
and ESG goals, risks associated with the Company’s ability to
maintain relationships with its customers, suppliers and strategic
partners, risks associated with changing industry conditions and
consumer preferences, risks associated with the effectiveness of
the Company’s risk management strategies and other risks and
uncertainties set forth in the sections entitled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in our
Annual Report on Form 10-K for the year ended December 31, 2023,
which is available on the SEC’s website at www.sec.gov. There may
be additional risks about which the Company is presently unaware or
that the Company currently believes are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. The reader should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made. The Company expressly disclaims any duty to
update these forward-looking statements, whether as a result of new
information, future events or otherwise, except as otherwise
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240709716806/en/
Media Contact: Christi Dixon 636-359-0797 cdixon@bensonhill.com
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