NYU Stern Center for Sustainable Business and HSBC Bank USA Launch Framework to Drive Investment in the Food and Beverage Sustainability Initiatives, Maximizing Impact and Financial Returns
10 Maio 2023 - 10:00AM
Business Wire
Estimated results from companies participating
in the study - Anheuser-Busch (AB), Hero Group, and Ingredion -
included nearly $60 million in net present value (NPV) over 10
years.
HSBC Bank USA, in partnership with NYU Stern Center for
Sustainable Business (CSB), today announced the release of the Food
and Agriculture Sustainability Strategies Framework. Grounded in
the ROSI™ (Return on Sustainability Investment) methodology
developed by CSB, the unique framework helps sustainability and
financial leaders within food and agriculture companies make the
business case for sustainability initiatives that will deliver both
financial value and positive societal impact.
The unique ROSI methodology works by improving decision-making,
valuation, and internal communications by helping companies go
beyond ESG reporting metrics to truly understand where value exists
within sustainability strategies and investments.
HSBC funded three key projects with Anheuser-Busch, Hero Group
and Ingredion, to inform the food and agriculture framework, in
addition to learnings from previously completed ROSI projects with
Arca Continental, Cargill, Mars, McCormick, McDonald's, and Natra.
The projects highlighted the importance of a thorough analysis of
the opportunities and risks associated with implementing
sustainability practices across supply chains and company
functional areas.
The research identified the following twelve sustainable
strategies mapped across the food and agriculture value chain along
with practical suggestions for how to calculate the associated
returns across the supply chain:
1) Improving water security 2) Ensuring
protection of biodiversity and ecosystem conservation 3) Improving
nutritional profile of food products 4) Improving soil health 5)
Raising and treating animals with respect and care 6) Adopting
sustainable packaging solutions 7) Mitigating and adapting to
climate change 8) Incorporating circularity into food waste
management 9) Investing in employee and supplier well-being 10)
Reducing the use of harmful chemicals 11) Implementing sustainable
sourcing 12) Investing in sustainable brand marketing and
communications.
Initial results from the findings include:
- Anheuser-Busch (AB) found nutrient management best
practices for barley improves AB operating efficiency, reduces
Scope 3 carbon emissions, and leads to enhanced brand value. ROSI
results show benefits amounting to ~$40 million in 10-year NPV and
an average annual operating income improvement of ~$7.5
million.
- Hero Group found that promoting sustainable bee-friendly
farming practices improves fruit pollination and yields, reduces
input costs for growers and leads to carbon sequestration benefits
for achieving Scope 3 targets. A 10-year NPV of €3.6 million
(before costs) was estimated with an average annual operating
income impact of €650K.
- Ingredion USA’s Pakistan affiliate, Rafhan Maize
assessed benefits from promoting the use of AflaPak™, an aflatoxin
biocontrol product, in its upstream corn supply chain to reduce
on-farm waste in corn. Additional benefits were increased sellable
yields for growers, lower risk of supply disruption and improved
operational efficiency for the company. The results showed the
potential for a 9.3x return on investment to develop AflaPak™ and a
10-year NPV ~$15.5 million.
“Our ROSI food and agriculture sustainability monetization
framework provides an important strategic decision-making tool that
helps food and agriculture companies understand and unlock the
benefits of more sustainable practices, such as operational
efficiency, customer demand and loyalty and risk mitigation,” said
Tensie Whelan, Founding Director, NYU Stern Center for Sustainable
Business. “We are grateful to our partners at HSBC for recognizing
the untapped opportunities created by investing in sustainability
strategies and helping us share these valuable insights.”
“Since partnering with NYU Stern CSB a few years ago, we have
seen first-hand the way that the ROSI tool can help drive really
meaningful conversations between sustainability, finance,
procurement, and even make a strong case in boardrooms,” said Kelly
W. Fisher, Head of Corporate Sustainability, HSBC Bank USA. “We
hope the expansion of this tool into new sectors will lead to even
more investment in initiatives that will impact real change.”
On a recent podcast from global software company Workiva, ESG
Talks, Tensie and Kelly discuss the framework in depth and its
value to leading companies and share stories from both the food and
beverage and apparel sectors.
This marks the second framework created between NYU Stern Center
for Sustainable Business and HSBC Bank USA, building upon the
Apparel Industry Sustainable Strategies Framework announced in
2020.
For additional information on the Food and Agriculture
Sustainability Strategies Framework, please click here.
About HSBC
HSBC USA Inc. ("HUSI") is a Maryland corporation and its
principal business is to act as a holding company for its
subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA,
N.A. and its subsidiaries, HUSI offers a full range of traditional
banking products and services to individuals, including high net
worth individuals, small businesses, corporations, institutions and
governments. HSBC USA Inc. is a wholly-owned subsidiary of HSBC
North America Holdings Inc.
HSBC Holdings plc, the parent company of HSBC, is
headquartered in London. HSBC serves customers worldwide from
offices in 62 countries and territories in its geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of $2,990bn at 31 March 2023,
HSBC is one of the world’s largest banking and financial services
organisations.
About NYU Stern Center for Sustainable Business
The NYU Stern Center for Sustainable Business (CSB) was founded
on the principle that sustainable business is good business. We
provide education, conduct research, and influence industry
practice by proving the financial value of sustainability for
business management and performance. At CSB, we aim to equip future
and current corporate leaders with updated business frameworks that
embrace proactive and innovative mainstreaming of sustainability,
resulting in competitive advantage and resiliency for their
companies as well as a positive impact for society.
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version on businesswire.com: https://www.businesswire.com/news/home/20230510005195/en/
Media enquiries to:
Jack Mullin External Communications
Jack.f.mullin@us.hsbc.com
Alison Berg alison.berg@stern.nyu.edu
HSBC (NYSE:HSBC)
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