REG released its ESG report for 2021

Renewable Energy Group (REG) has released its new 2021 environmental, social and governance (ESG) report.

REG outlined that as the world transitions to clean energy solutions, the company is playing a critical role in the advancement of decarbonisation of liquid fuels.

The new report showcases the company’s 2021 ESG performance.

Highlights include the fact REG produced 480 million gallons of bio-based diesel, which generated 4.1 million metric tons of carbon reduction.

78% of feedstocks used to make products for REG were sourced from waste and residual streams.

The company issued $550 million (€526 million) of “green bonds” to finance the expansion of REG’s Geismar, Louisiana biorefinery and broke ground on the expansion and improvement project.

The company set a corporate record for safety performance with an industry leading 0.23 OSHA incident rate.

It also increased board diversity with new appointees.

Finally, it enhanced sustainability reporting to increase alignment to the Sustainability Accounting Standards Board (SASB) standard for the biofuels industry.

Source: https://biofuels-news.com/news/