Casos prácticos

Caramuru Soybean, corn, sunflower, and canola

Caramuru, a large grain processor and biofuel producer in Brazil, identified climate change as an important issue in its business and wanted to take action to reduce its carbon footprint. They engaged SINAI to support them on their decarbonization journey, starting with the construction of a GHG Inventory to measure their emissions and develop a reliable decarbonization strategy. Additionally, Caramuru recently made an Export Pre-Payment Note (PPE) with sustainability-linked KPIs, including reporting goals for their GHG emissions, including scope 3 value chain emissions.

SINAI's solutions included the development of a granular GHG Inventory and screening of scope 3, which allowed Caramuru to meet their PPE requirements and begin planning to establish goals aligned with SBTi. This case study will explore three sections that delve into the results delivered by SINAI:

Building a GHG inventory for the first time;
Disclosing emissions that support the requirements of a PPE; and
Working towards decarbonization.

Challenge

Elaborar un inventario de GEI por primera vez

Para iniciar su proceso de descarbonización, el SINAI ayudó a Caramuru a elaborar un inventario de GEI partiendo de cero, cartografiando toda su estructura empresarial para desarrollar un inventario detallado que sirviera de base para aplicar medidas de descarbonización. El Inventario de GEI se elaboró a tiempo para ser publicado por primera vez en su informe de sostenibilidad. Este Inventario de GEI fue el primer paso para que Caramuru estableciera objetivos de reducción de emisiones y desarrollara estrategias fiables de descarbonización alineadas con los principios de la ciencia.El Inventario de GEI proporcionó a Caramuru información detallada sobre sus emisiones, permitiéndole identificar oportunidades de mitigación y establecer objetivos para reducir su huella de carbono. Al trabajar con el SINAI, Caramuru pudo desarrollar un Inventario de GEI digitalizado que podía realizar un seguimiento de su rendimiento a lo largo del tiempo, pero también trabajar con futuros escenarios de proyección de emisiones y potenciales oportunidades de mitigación.

Why SINAI

Divulgación de emisiones y bonos vinculados a la sostenibilidad

Caramuru realizó una Nota de Prepago a la Exportación (PPE) con KPIs vinculados a la sostenibilidad que incluye como requisitos una serie de acciones asociadas al cambio climático, entre ellas informar de sus emisiones. En el primer año, este informe sólo incluía los alcances 1 y 2. En los próximos años, además del proceso de verificación, también es un requisito el mapeo completo de las emisiones de alcance 3, que se está llevando a cabo con el apoyo del SINAI. El informe incluía un análisis detallado de sus emisiones, proporcionando a las partes interesadas transparencia sobre su huella de carbono. Con el cumplimiento de estos hitos, Caramuru pretende demostrar su compromiso con la descarbonización y la sostenibilidad.

Caramuru Soybean, corn, sunflower, and canola

Solution

Hacia una descarbonización basada en la ciencia

With the GHG Inventory in place, Caramuru has a basis for action on decarbonization. In the next chapter of its journey, Caramuru will work with SINAI to identify mitigation opportunities and set goals aligned with SBTi principles, working towards science-based decarbonization.

As Caramuru continues its decarbonization journey, it can reduce its carbon footprint and mitigate the risks associated with climate change, as well as identify the financial impact required for decarbonization by integrating financial planning into the climate agenda. With SINAI's support, Caramuru has the tools and information necessary to act towards decarbonization, meet the requirements of their SLB, and establish themselves as a climate change leader in their sector.

What are Sustainability Linked Bonds?

Sustainability Linked Bonds (SLBs) are a type of debt instrument that are structured to incentivize the issuer to achieve specific sustainability performance targets. Unlike traditional green bonds, which are used to finance specific environmentally friendly projects, SLBs are tied to the issuer's overall sustainability goals. The interest rate on SLBs is linked to the achievement of pre-defined sustainability targets, which can be related to a range of factors such as reducing carbon emissions, increasing renewable energy usage, improving water management practices, or enhancing social and governance standards.

SLBs can be issued by governments, corporations, or other organizations, and are becoming increasingly popular as investors are looking to support sustainable investments. In addition to providing financing for sustainable initiatives, SLBs can help to hold issuers accountable for meeting their sustainability goals and can provide a clear and transparent framework for measuring and reporting on sustainability performance.