Wide Open Agriculture (ASX:WOA) said it has a long-term goal of developing an environmental product declaration for its lupin protein isolates, according to a Friday Australian bourse filing.
The firm sources lupins grown in Western Australia and produces the protein isolates in Germany. A life-cycle assessment study identified a global warming impact of 4.6 kilograms of carbon dioxide-equivalent per kilogram of lupin protein isolate.
Its sustainability study found that the food industry contributes one-third of global greenhouse gas emissions, with around 40% of these coming from the production of fertilizer from fossil fuels.
Its shares jumped 17% in recent trading on Friday.