Sugarcane farmers lacked incentive and rewards for implementing sustainable production practices to enable buyers to make sustainably sourced claims.
Captured a +$2/t premium above market price for certified sustainably produced sugar.
Aggregated farm data to demonstrate certified sustainable sugar on mass balance basis, serving as the main commercial data contributor, enabling marketing of by-products as sustainably sourced as well as opening carbon and reef credit opportunities.
Received a fully traceable and certified sustainable commodity (refined sugar) that was traceable (on mass balance) back to the supplier farms with fully certified evidences.
Provided Sustainability Linked Loans (SLL) with fully digitised and standardised data that facilitated the automated and risk adjusted interest rate calculations.
Increased adoption of their sustainable production accreditation program due to the clear financial reward and incentive to participate, ultimately benefiting the environment.
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