Bonsucro welcomes Ruben Faust to Bonsucro’s Board of Directors

2nd September 2019

We’re delighted that Bonsucro’s Board of Directors has a new member in Ruben Faust. As part of his duties as Board Director, Ruben will take on the role of Chair of the Finance & Risk Committee.

“Being chosen for this role is a great honour and am very humbled with the appointment as Chair of the Finance and Risk Committee. I am committed to contribute with my long-standing finance, consulting and business experience to Bonsucro’s ambitious sector-transforming growth trajectory. Given the combination of having made a finance career in large (sugarcane consuming) businesses as well as my experience in global multi-stakeholder sustainability organisations, I will be able to drive informed and balanced decisions, with both ends of the equation in mind.”

Ruben is driven by his desire to support organisations with his broad and rich management skill-set, ranging from very strong financial capabilities, over to consulting and advisory services, utilising fact-based decision-making as well as trustful and empowering relationship-building capacities.

Ruben has a degree in Business Administration earned at the University of Cologne. He started his career as a finance and IT-auditor with Ernst & Young, which then led him to join the Coca-Cola Company. During his 17-year tenure with Coca-Cola, he assumed a multitude of senior finance assignments in Germany, France and Scandinavia. Since 2010, Ruben is working as consultant and interim manager, supporting businesses with growth agendas. In that capacity he has also been leading significant projects with a number of global, multi-stakeholder sustainability organisations. Ruben is fluent in German, English and French.

Bonsucro & Renovabio: Exploring synergies and advancing GHG reduction in Brazil

Project partners: Earth innovation Institute and Agroicone
Project length: 12 months Budget: $22,347,79
Supporting the Sustainable Development Goals:

RenovaBio is a Brazilian biofuel policy designed to decrease Brazil’s greenhouse gas emissions by 10% by 2029 [compared to 2018], in line with the Paris Agreement on climate change. It aims to do this by incentivising fuel distributors to blend more biofuels into their products. RenovaBio has established a certification scheme for biofuel, towards which Brazilian sugarcane mills are working, that will enable them to trade decarbonisation credits on the Brazilian stock exchange.

Bonsucro continuously seeks to grow awareness and adoption of its standard. In Brazil, this can be achieved by aligning its framework with RenovaBio to optimise costs and time for mills. In 2019, Bonsucro received a grant of US $22,000 from the Earth Innovation Institute to provide a common understanding of how RenovaBio works and how other regions might benefit from this approach.

Bonsucro addressed the topic at Bonsucro Global Week in Bangkok in March 2019, and through three stakeholder forums in Brazil. The Bonsucro team also commissioned a technical comparison study, which enabled the organisation to understand how best to align with RenovaBio’s requirements.

The study has been shared with key stakeholders in Brazil and the project is now complete. Bonsucro is working to incorporate the study’s findings and recommendations through its ongoing Production Standard Revision process.

By aligning opportunities of optimisation, joint work and integration with the Brazilian Government and reflecting it in the Bonsucro Standard, Bonsucro can help to ensure that more producers adopt sustainability standards like Bonsucro.