JBS Starts Issuing International Renewable Energy Certificates

Published on:
by KnowESG
tinywow lulu-group-fb 10700459

The largest food company in the world, JBS, has taken another big step toward its goal of being Net Zero by 2040. The company is the first in the food industry to have an enterprise qualified to issue International Renewable Energy Certificates (International REC Standard / I-REC), which demonstrate that electricity is generated using renewable and environmentally responsible sources.

The certification was earned through Biolins, a thermoelectric plant owned by JBS that uses biomass like sugarcane bagasse, wood sawdust, and eucalyptus waste as raw materials for making electricity. The facility has a capacity of 45 MW, which is enough to power a city of 300,000 people. Based on the energy generated by the enterprise in 2021, Biolins can issue 113,400 certificates for the past year.

I-RECs are officially given out by Instituto Totum in Brazil. Businesses and industries can buy them to show that they use electricity from renewable energy sources like solar plants, wind farms, thermal power plants, and biomass power plants.

This enables certificate holders to offset so-called Scope 2 emissions, which include indirect CO2 emissions linked with the purchase of electricity for personal use, thereby contributing to their decarbonisation targets.

"This is an important milestone because it certifies that Biolins is environmentally clean and that it injects energy from a 100% renewable source into the National Interconnected System (SIN). This means that the holders of I-RECs issued by Biolins can prove that the energy consumed in their operations is clean," says the Director of Sustainability at JBS Brazil, Maurício Bauer. Currently, Biolins supplies 20% of JBS's electricity needs in Brazil.

For more company-related news

Source: JBS


Companies Headlines

Accenture to Acquire Green Domus to Boost Green Goals

Accenture to Acquire Green Domus to Boost Green Goals

SMEs Deprioritise ESG Initiatives Due to Rising Costs

SMEs Deprioritise ESG Initiatives Due to Rising Costs

Tosca Tool Reduces Footprint in Bulk Liquid Transport

Survey Unveils Bright ESG Strategies of Chinese Firms

Menzies Unveils ESG Consulting Offering

Deepki Enhances ESG Platform with Nooco Acquisition

Uber Green: All-Electric Service in India

FedEx Helps Users View Historical Emissions Data

Vedanta Aluminum, ERM Unite for Biodiversity Plan

Nassau Adopts Responsible Investment Principles