20 Soy schemes pass FEFAC benchmarking process
(Posted on 12/04/22)
FEFAC and ITC have announced that five more schemes offering responsible soy products to the European feed market have successfully passed the independent benchmarking process against the FEFAC Soy Sourcing Guidelines 2021. The FEFAC represents, defends and promotes the interests of the European compound feed and premix industry. The newly added schemes are:
- FEMAS Responsible Sourcing of Agricultural & Natural Products
- ISCC EU & ISCC Plus
- Louis Dreyfus Company Program for Sustainable Agriculture
- Sodru Sustainable Soy Programme
This brings the total number to 20 responsible soy schemes which are compliant with the FEFAC Soy Sourcing Guidelines 2021, showing the strong commitment of supply chain partners to strengthen and support the European feed industry’s efforts to foster the mainstream market transformation of the use of responsibly produced soy products.
19 out of 20 schemes also comply with the specific desired criterion on conversion-free soy, meaning they offer responsibly produced soy grown on land that didn’t come at the expense of any (illegal or legal) conversion of natural eco-systems (i.e. including non-forest native vegetation in the Cerrado Biome) as from a specific cut-off date (December 2020 as the latest possibility). All schemes having successfully applied and passed the benchmarking process are displayed in the updated FEFAC Soy Sourcing Guidelines Benchmarking Tool on ITC Standards Map. The tool includes a filter system for schemes providing conversion-free soy, which allows users to select between the different supply chain models and two periods of cut-off dates.
FEFAC President Asbjørn Børsting: “In just over a year after the release of the FEFAC Soy Sourcing Guidelines 2021, FEFAC and ITC have fully delivered on their joint ambition to provide increased market transparency of current providers of responsible and conversion-free soy. It is clear now that there is a mainstream market offer for responsibly produced & conversion-free soy with a cut-off date before December 2020, sufficient to cover the needs of the European feed industry. Our downstream value chain market partners should take advantage of these responsible and conversion-free soy programmes thus responding to growing market demand, while ensuring future compliance of imported soy with EU policy objectives for sustainable and deforestation-free supply chains in a credible and verifiable way”.
ITC Trade for Sustainable Development Programme Head Joseph Wozniak: “We are glad to have conducted a comprehensive benchmarking exercise for sustainable soy schemes putting into use ITC Standards Map database and the benchmarking tool. With the growing market need for sustainable soy, the results of the benchmarking bring more transparency
Latest News
Rio Tinto reaches four billion tonnes of iron ore shipped to China
(Posted on 22/07/24)Rio Tinto has celebrates the shipment of four billion tonnes of iron ore from the Pilbara in Western... Read more
Africa’s opportunity to build sustainable logistics networks across mining sector
(Posted on 18/07/24)Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) has said that Africa’s mining sector... Read more
Conditions on Simandou iron ore investment now satisfied
(Posted on 16/07/24)All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high... Read more
ADM offers segregated, traceable soybean meal to European customers
(Posted on 12/07/24)ADM, a global leader in innovative solutions from nature, has announced that it is offering fully verified... Read more
Rio Tinto to install carbon free aluminium smelting cells
(Posted on 04/07/24)Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec,... Read more
Moonbound appoints ASL for long-term South African lithium logistics project
(Posted on 28/06/24)Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor... Read more
ADM and Bayer collaboration help farmers achieve lower carbon emissions
(Posted on 19/06/24)ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more
US House appropriations bill includes reinstatement of NASS reports
(Posted on 14/06/24)A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more
Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter
(Posted on 14/06/24)Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more
Richards Bay Minerals’ renewable energy agreement
(Posted on 07/06/24)Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more
