Making Credit Purchases Easier

17th May 2018

Bonsucro’s Credit Trading System is an opportunity for companies to meet their sustainable sourcing goals, support certified Bonsucro mills, and invest in continuous improvement to address key issues. Bonsucro members can buy Bonsucro Credits, and then make a public claim about it.

We’re making this system even easier through a collaboration with ACT Commodities, a company that has worked in a similar manner with other sustainability standards to increase credit trades and deliver impact. ACT developed its unique way of approaching credit schemes by supporting the Round Table for Responsible Soy (RTRS), and has now agreed to provide their unique services to Bonsucro members as well.

How can ACT help?

ACT facilitates Bonsucro Credit purchases between certified sugarcane mills and customer companies, creating value through simplicity for all parties involved.

If you’re interested in Bonsucro Credits, you can get in touch with ACT’s Jorn Schouten at JSchouten@actcommodities.com.

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.