9th March 2022
Bonsucro has launched a new Impact Fund to address critical sustainability challenges in the sugarcane sector. The fund will support collaborative, innovative projects that catalyse sustainable sugarcane production.
The Bonsucro Impact Fund makes grants using income from the sale of Bonsucro Credits. All trades are charged a transaction fee, around 50% of which is invested into the Bonsucro Impact Fund. Some of our most well-known buyer members such as PepsiCo, Unilever, General Mills, Barry Callebaut, and the Hershey Company among others, have purchased Bonsucro Credits since the digital platform launched in 2019.
From today, Bonsucro members are invited to apply for grants for projects on:
- Innovating sustainability in smallholder sugarcane farming
- Building innovative approaches to reduce greenhouse gas emissions or
- Improving water stewardship in sugarcane farming and milling.
Members are invited to submit their proposals until 25 May 2022. In the coming months, we will make two additional grants available on the theme of human rights and decent work in the sector.
The grant themes all align with our 2021-26 strategic plan. They will promote partnerships and collective action across the sugarcane value chain and drive impact in local sugarcane growing communities. Projects also need to have the potential for scale.
Danielle Morley, our CEO, said “The Bonsucro Impact Fund allows us to get behind our members on topics that really matter to us. I believe the Fund will help drive impact on the ground at key sugarcane origins. By using money from our Credit Trading Platform, we are creating a bigger incentive for brands to buy sustainable sugarcane and its derivatives.”
Find out more about the Bonsucro Impact Fund, the eligibility criteria, and how to apply here.