Elizabeth Farina appointed to the Bonsucro Board of Directors

21st January 2020

Elizabeth FarinaBonsucro is pleased to announce the appointment of Elizabeth Farina to the Board of Directors.

Elizabeth’s extensive experience as a leader in the Brazilian sugarcane industry will be a valuable contribution to the governance of Bonsucro. From 2012 to 2019, Elizabeth was the President of the Brazilian Sugarcane Industry Association (UNICA), which represents almost 60% of the Brazilian production of sugarcane, sugar and ethanol, and about 70% of Brazilian sugarcane bioelectricity.

Currently, Elizabeth is the CEO of Tendências Consultoria Integrada, one of Brazil’s leading economic consulting firms. Previously, she was a Professor of Economics at the University of São Paulo, where she also served as Chief of Department and Vice President of PENSA (the agribusiness programme), and the President of the Brazilian Antitrust Comission (CADE) for two mandates. Elizabeth is an expert in food and agroeconomics, antitrust litigation and mergers and acquisition analysis.

In addition to Elizabeth’s roles at the University, she has covered senior positions in institutional roles at national and international level including the Brazilian Coalition on Climate, Forest and Agriculture, and more recently she joined the Council of the Brazilian Institute for Competition Studies, Consumer and Trade.

We welcome Elizabeth to her new role at Bonsucro at a time that we expect to grow. We believe that 2020 will be important for us: many businesses are stepping up their efforts to meet sustainable sourcing commitments – and sugarcane producers around the world are continuing to improve their performance. The whole team and Board are dedicated to supporting our members and the wider sector to become more sustainable.

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.