Benson Hill’s third annual ESG report spotlights transformation and innovation

Benson Hill, Inc. (NYSE: BHIL, the ″Company″ or ″Benson Hill″), a seed innovation company, released its third annual Environmental, Social and Governance (ESG) Report. The online report includes comprehensive data and ESG milestones achieved during 2023, a year of significant progress and change for Benson Hill.

″As we transition from an asset-heavy, closed-loop model to an asset-light model based on licensing and partnerships, we focus on scaling our operations through strategic partnerships across the value chain. These partnerships let us leverage existing infrastructure more efficiently while keeping our commitment to environmental, social, and governance (ESG) principles,″ said Deanie Elsner, Chief Executive Officer of Benson Hill. ″Our 2023 ESG Report shows how Benson Hill is beginning to realize the positive results from our business transformation, and we look forward to delivering seed innovation that unlocks potential, generates value, and improves our environmental performance.″

The online report represents progress, ESG metrics, and key accomplishments that not only underscore the Company’s commitment to leading the pace of innovation in soy quality traits, but also support its vision to meet the global demand for more nutritious, sustainable, and energy-dense feed, food, and fuel through seed innovation. Highlights include:

• A detailed look at Benson Hill’s business transformation in 2023, which will allow the Company to move beyond food markets into broadacre opportunities in feed and fuel, bringing ESG benefits to more acres;

• A spotlight on Benson Hill’s second annual Mockler Innovator Award recipient Bob Koester, a technology leader who has made substantial contributions to Benson Hill through creative problem-solving, scientific excellence, and an entrepreneurial mindset;

• A compilation of business milestones, such as the successful divestitures of soy processing assets in late 2023 and early 2024 that reflect the team’s focus on execution and financial discipline;

• A review of key partnerships such as the strategic collaboration with Denmark-based BioMar to use Benson Hill soy and further assess its sustainability impact, and a commercial license agreement with Corteva Agriscience and M.S. Technologies L.L.C. for Enlist E3^® soybean technology;

• A fresh focus on intellectual property, detailing how Benson Hill reduces risk for new product launches, proprietary seed varieties, and novel discoveries;

• An overview of the five innovation platforms the Company’s technology team developed to drive growth across multiple market segments, including animal feed, consumer packaged goods, and pet food; and

• A discussion of how Benson Hill is ″harvesting for tomorrow″ by combining natural resource management in daily operations, supporting soil health, and working with farmers who are using regenerative agriculture practices.

For more information on Benson Hill’s impact and to download the full ESG report, please visit https://www.bensonhill.com/impact.