Graanul Invest published its 2024 Sustainability Report

Graanul Invest, the world’s leading producer of sustainable biomass and bioenergy, proudly announces the release of its 2024 Sustainability Report. 

CEO Nicholas B. Dottino: “It is a pleasure to share our 2024 sustainability report. Overall, we performed and innovatively found ways to exceed prior records in some areas of the business. Graanul Invest has consistently demonstrated excellence with regard to sustainability, and related areas. As we continue to reduce our carbon footprint and enhance our overall energy efficiency, we are also happy to share that we’ve successfully met our multi-year sustainability-linked target.”

In 2021 Graanul Invest set a sustainability performance target to reduce value chain carbon emissions intensity by 5% by 2024, compared to 2020 baseline of 7.08 gCO2e/MJ. Through dedicated efforts and strategic initiatives, the company not only met its long-term target but exceeded it, achieving a remarkable 6.64% reduction in
carbon intensity, bringing it down to 6.61 gCO2e/MJ.

Chief Sustainability Officer Mihkel Jugaste remarked: “2024 kickstarted some really ambitious projects for us that I am sure will deliver measurable ESG results and draw positive attention from our stakeholders for years to come. Adding flue gas condensers to CHPs, solar panels and battery storage to pellet plants and installing sails to our shipping vessels, are all strong projects that were started and validated in 2024, but I am certain will not be limited to single cases. The potential of these projects, for our value chain sustainability as well as financial performance, is very positive. As a subject matter expert, I’m proud to work for a company that continues to execute such projects and stay ahead of the “class”. Graanul Invest = leading value chain sustainability”