SBP has today published its Annual Review 2024, capturing a year of growth, strategic progress, and continued delivery as the biomass certification scheme of choice.
With 2024 marking the second year of its current three-year strategy, SBP has consolidated its position in a rapidly evolving sustainability landscape, while laying firm foundations for the years ahead.
Carsten Huljus, CEO of SBP, said: “2024 outcomes reflect a busy and productive year for SBP. We saw significant growth in certified biomass volumes and Certificate Holder numbers, but equally important we took proactive steps to define our contribution to global challenges, from carbon and climate to regulatory compliance and sustainability governance. With growth comes an increased responsibility to ensure that assurance and oversight of compliance are rigorously maintained. ”
Highlights from 2024 include:
- Record-high biomass volumes: 19.15 million tonnes of SBP-certified biomass produced and sold – a 28% year-on-year increase. Of that, 17.65 million tonnes were consumed in Europe, a 30% increase.
- Certificate Holder growth: a 25% rise in Certificate Holders, ending the year at 340, with a strong pipeline of new applicants.
- Global expansion: SBP’s geographic reach grew to 35 countries, with new market entrants including Australia, Chile, China, Colombia, Indonesia, Ireland, and Luxembourg.
- Market diversification: continued expansion beyond pellets and chips to include biocarbon and biochar, with promising developments in agricultural biomass certification.
A major focus in 2024 was supporting the transition to SBP Standards v2.0, with comprehensive training, auditor support, and the rollout of updated Regional Risk Assessments. The revised Standards have now received positive recognition from both Ofgem (UK) and the Government of Japan.
“Our revised Standards are in force, and we are now fully focused on their implementation,” said Carsten Huljus. “We’ve made great strides in ensuring a smooth transition for Certificate Holders and demonstrating the robustness of our scheme to regulators and stakeholders alike.”
Stakeholder engagement was another key area of progress, with the successful launch of SBP’s Regional Forums, including the inaugural Asia Forum.
Looking ahead to 2025, SBP’s top priorities include:
- Full implementation of SBP Standards v2.0 ahead of the 9 November deadline.
- Defining SBP’s role in the carbon space, through the newly formed Carbon Working Group.
- Delivering value beyond certification, including EUDR compliance support and exploring opportunities for tailored services for sustainability reporting and due diligence.
“With an expanding team and renewed leadership across our governance, we are well positioned to build on the momentum of 2024,” said Carsten Huljus. “Together with our stakeholders, we are navigating change, driving innovation, and reinforcing our impact within the bioeconomy.”
The SBP Annual Review 2024 is available to download here.