Banque Sarasin criticizes ethanol from a sustainable development perspective.
Renowned for its analyzes on the sustainable development of economic sectors, Banque Sarasin (BSAN.S) is looking into biofuels, including ethanol, a form of alcohol produced by fermentation of natural sugars. The theme is hot: Switzerland opened Thursday, in Winterthur, its first petrol station equipped with bioethanol (price per liter 20% lower than unleaded petrol). And the IPOs of the main producers are increasing in the United States.
Fertilizers and pesticides
From a sustainable development perspective, the sector reveals obvious strengths, but Matthias Fawer takes a long look at its weaknesses. He displays such great restraint towards him that the organic prefix ends up surprising. The bank highlights the overexploitation of crops, through the increased use of fertilizers and pesticides, as well as the risk of deforestation. She criticizes the competition of cultivable surfaces with the food industry: 50% of rapeseed is already used for the production of biodiesel. The prices of certain food products are already on the rise, especially those of vegetable oils. Social and environmental conditions, described as "critical" in developing countries, reinforce the bank's fears, as well as the use of GMOs (genetically modified organisms). Indeed, experts speak of the development of "energetic plants".