Gevo, Inc..
GEVO.US | Manufacture of basic chemicals
Gevo, Inc. is a renewable fuels company focused on the production of sustainable aviation fuel (SAF), renewable gasoline, and other renewable hydrocarbons. The company utilizes its proprietary technology to convert renewable resources, such as corn and other plant-based materials, into sustainable a...Show More
Better Health for All
10
Gevo's core product, Sustainable Aviation Fuel (SAF), contributes to better health by providing an avoided health impact value of $0.12 per gallon due to reduced particulate matter emissions during flight.
1
This indicates that the company's principal goods deliver substantial health benefits. The company's operations also generate positive health externalities, specifically through the avoided health impacts from reduced particulate matter emissions, which are valued at $0.12 per gallon of SAF.
2
Fair Money & Economic Opportunity
0
Gevo, Inc. is a renewable fuels company.
1
The provided articles focus on its renewable fuels and chemicals, regenerative farming initiatives, and facility locations.
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No information or data relevant to financial services, lending practices, or economic opportunity metrics was found in any of the articles.
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Therefore, no KPIs under the 'Fair Money & Economic Opportunity' value can be scored based on the evidence provided.
Fair Pay & Worker Respect
10
For 2024, the ratio of the Chief Executive Officer's total compensation to the median employee's total compensation was 18.7 to 1.
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The company reported a 3-year average total recordable incident rate (TRIR) of 1.01, which was less than its goal of 1.1.
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Employee reviews on Glassdoor.com indicate an average rating of 2.5 out of 5 stars, with only 23% of employees stating they would recommend working at the company and 23% approving of the CEO.
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Fair Trade & Ethical Sourcing
-30
Gevo conducts annual audits of its grower program's carbon intensity scores and farm practices.
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The company's contracts include clauses prohibiting the knowing sourcing of renewable components or feedstock involving child or forced labor, and no substantiated incidents of such labor have been reported in the last three years.
2
For specific high-risk materials like palm, soy, sugarcane, and forestry products, Gevo's contracts require certification by relevant international bodies such as RSPO, RTRS, Bonsucro, FSC, ISCC, RSB, SBP, or PEFC.
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Additionally, Gevo's contracts require suppliers to provide feedstock type and country of origin, but do not specify multi-tier traceability beyond this.
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The company's contracts also include enforceable ethical-sourcing clauses, requiring compliance with Shell's Supplier Principles and allowing for suspension or termination in case of breaches.
5
Honest & Fair Business
10
Gevo has a formal whistleblower policy in place, which includes a confidential and anonymous hotline (web portal and phone number) for reporting financial concerns related to accounting, internal accounting controls, or auditing matters, as required by the SEC.
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However, there is no evidence regarding the independence of investigation processes, training frequency, or resolution times.
2
The company's controversy level is reported as 'None' by Sustainalytics.
3
Kind to Animals
0
Gevo's core business is the production of renewable fuels and chemicals using plant-based materials like corn.
1
There is no evidence that the company's products contain animal-derived ingredients or materials, nor that it sources eggs, meat, or dairy.
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Therefore, KPIs related to cruelty-free certification, ethical input substitution, and cage-free sourcing are not applicable to its operations.
No War, No Weapons
0
Gevo's approach to human rights is informed by the UN Guiding Principles on Business and Human Rights, as stated in its Human Rights Policy issued on March 23, 2022.
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However, the company's Code of Business Conduct and Ethics, updated November 12, 2024,
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only references UNGP alignment in principle without detailing implementation across divisions. The company received a contract to supply jet fuel to the U.S. Air Force, but the revenue percentage from this contract is not disclosed.
3
While Gevo's Code of Business Conduct and Ethics mentions compliance with U.S. Embargoes and Export Controls, there is no evidence of specific sales to embargoed regimes or the scope of R&D investment in dual-use technologies.
4
Planet-Friendly Business
-60
In 2023, Gevo reported total Scope 1 and 2 emissions of 20,564 metric tons CO2e (0.020564 M tCO2e).
1
Scope 3 emissions are not disclosed.
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The company has not set any formal reduction targets under the Science Based Targets initiative (SBTi).
3
Gevo secured 5.0 MW of wind-generated electricity for its Agri-Energy plant in Luverne, MN, which was expected online by mid-2020.
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Wind turbines are also installed at the Luverne facility, and engineering is underway to include wind energy in plans for the NZ-1 plant.
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In 2022, Gevo NW Iowa RNG experienced three incidents of accidental discharge of water and manure, resulting in notices of violation from the DNR and a $10,000 settlement for one incident.
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The company has a net-zero target year of 2050, aligning with the aviation industry's goal.
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Gevo was selected to receive up to $30 million in grant money through the USDA Partnerships for Climate-Smart Commodities Program in September 2022.
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The company states it strives to be a leader in transparency around product climate impact and is developing the Verity Tracking platform to monitor and historicize sustainability attributes across the supply chain.
9
Gevo's Verity Tracking platform is expected to track carbon intensity over the entire lifecycle of a product.
10
Respect for Cultures & Communities
0
Gevo has established grievance mechanisms, including an Ethics and Compliance Hotline Policy that encourages disclosure of wrongdoing impacting the public at large, and a Complaint Resolution policy.
1
Specific contacts (Chief People Officer, VP, General Counsel and Secretary) are available for reporting potential violations.
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Regarding training, all new employees are required to complete anti-harassment and anti-discrimination training within 30 days of hire, and all employees receive this training every two years.
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While these trainings contribute to a respectful workplace, they are not explicitly defined as cultural sensitivity training.
Safe & Smart Tech
0
No specific, concrete data points were found across the provided articles to assess Gevo, Inc. against the Safe & Smart Tech value's KPIs. While a subsidiary, Verity, mentioned some security practices such as storing only necessary Personally Identifiable Information (PII), encrypting data (AES-256 at rest and TLS >= 1.2 in transit), and periodically reviewing access controls, these practices were not explicitly stated to apply company-wide to Gevo, Inc.
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Therefore, no KPIs can be scored for Gevo, Inc. based on the provided evidence.
Zero Waste & Sustainable Products
0
The provided articles for Gevo, Inc. primarily focus on the company's sustainable aviation fuel (SAF) production, carbon intensity reduction, and regenerative agriculture practices. While the company's overall business model emphasizes resource efficiency and a circular approach to feedstock utilization (using corn for both food and fuel, and manure as fertilizer), the articles do not contain specific quantitative data or concrete details regarding waste management performance, product recyclability, packaging sustainability, or other metrics directly relevant to the 'Zero Waste & Sustainable Products' value.
1
Therefore, no KPIs can be scored based on the provided evidence.