– Mercedes-Benz Partners with TSR Recycling for Recycling Pilot Program
– Microsoft Mandates 100% Carbon-Free Electricity
– LanzaJet Gets $20M Boost from Groupe ADP for Global SAF Expansion
– Pernod Ricard Unveils Ambitious Climate Goals
Market Recap
For the third week in a row the unconstrained ACWI index has sat in the middle of returns, gaining 0.52% for the week. The ESG leaders index kept to its name by adding 0.56%, the best of all five indices.
(1 week performance from 3/05/24 to 17/05/24)
Mercedes-Benz Launches “Urban Recycling” Pilot Project to Source Materials for New Cars
Mercedes-Benz have announced a new agreement with TSR Recycling to launch a new “urban recycling” pilot program aimed at advancing the automaker’s circularity strategy. The goal is to increase the use of secondary materials in its vehicle fleet.
Under the new partnership, Mercedes-Benz and TSR plan to analyse the demand for, and source of, secondary materials through urban mining, or the extraction of valuable materials from waste, and to conduct a commercial evaluation, with a focus on steel, aluminium, polymers, copper, and glass.
Microsoft to Require Key Suppliers to Use Carbon-Free Electricity
Microsoft announced a new policy for some of its key suppliers to use 100% carbon-free electricity, as part of a series of actions being put in place by the company to get back on track towards its goal to reduce emissions across the value chain. According to the report, while Microsoft is on track towards its goals in several areas, including reductions in operational emissions, accelerating carbon removal, minimizing waste, improving biodiversity and protecting more land than it uses, it is not yet on track on reducing Scope 3, or indirect, emissions or on its goal to reduce water use and to replenish more water than it consumes in datacentre operations.
ADP Invests $20 Million in Sustainable Aviation Fuel Provider LanzaJet
Sustainable aviation fuel (SAF) technology and production company LanzaJet announced today a $20 million investment from airport operator Groupe ADP, aimed at supporting the deployment of LanzaJet’s SAF process globally.
Launched in 2020 by carbon recycling technology company LanzaTech, Illinois-based LanzaJet has developed “Alcohol-to-Jet” technology enabling the creation of SAF and renewable diesel from waste-based and sustainable ethanol sources including feedstocks such as low-carbon sugarcane, energy crops, forest residuals, agricultural wastes, and organic waste.
Jameson’s and Absolute Vodka maker Commits to Science-Based Emissions Reduction Goals
Pernod Ricard have announced a series of new near and long-term climate-related goals, including targets to cut direct emissions by more than half by 2030, and by 90% by 2050, as well as commitments to reduce emissions across the value chain, including forest, land and agriculture-related (FLAG) emissions. The company also announced that its new targets have been approved by the Science Based Targets initiative (SBTi).
Scope 3 (indirect) emissions account for approximately 95% of Pernod Ricard’s emissions footprint, with nearly half linked to agriculture, 25% to packaging, and 8% to transport.
Download
Sources.
Anthony Walters – Head of ESG at Clever Adviser Technology Ltd (Clever)
Market recap – Data sourced from FE FundInfo & Koyfin (quoted in Pounds Sterling).
Mercedes-Benz Launches “Urban Recycling” Pilot Project to Source Recycled Raw Materials for New Cars, by ESG today, 15/05/24
Microsoft to Require Key Suppliers to Use 100% Carbon-Free Electricity as Supply Chain Emissions Jump by ESG News, 16/05/24
Airport Operator Groupe ADP Invests $20 Million in Sustainable Aviation Fuel Provider LanzaJet by ESG Today 17/05/24
Pernod Ricard Commits to Science-Based Emissions Reduction Goals, by ESG today 16/05/24
Risk Warning: These are Anthony’s views at the time of writing and should not be construed as investment advice. The opinions expressed are correct at time of writing and may be subject to change. Capital is at risk. The value and income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Past performance is not a reliable indicator of current or future performance and should not be the sole factor considered when selecting funds.
Regulatory Information: This is a general communication provided for informational purposes only. It is educational in nature and not designed to be taken as advice or a recommendation for any specific investment product, strategy, plan feature or other purpose in any jurisdiction, nor is it a commitment from Marlborough or any of its subsidiaries to participate in any of the transactions mentioned herein. Any examples used are generic, hypothetical and for illustration purposes only. This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any securities or products. In addition, users should make an independent assessment of the legal, regulatory, tax, credit, and accounting implications and determine – together with their own professional advisers if appropriate – if any investment mentioned herein is believed to be suitable. Investors should ensure that they obtain all available relevant information before making any investment. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, based on certain assumptions and current market conditions and are subject to change without prior notice.
All information presented herein is considered to be accurate at the time of production, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. Issued by Marlborough Investment Management Limited, authorised and regulated by the Financial Conduct Authority (reference number 115231). Registered office: PO BOX 1852 Lichfield, Staffordshire, England, WS13 8XU. Registered in England No. 01947598. The Clever Marlborough Model Portfolio Service (‘Clever MPS’) is a collaboration between Marlborough Investment Management Limited as the Discretionary Fund Manager and Clever Adviser Technology Limited, a company registered in England and Wales (company number 2910523) with registered office at Watergate House, 85 Watergate Street, Chester, Cheshire CH1 2LF (“Clever”). Clever is a technology and software provision company which developed a methodology and proprietary suite of algorithms for the monitoring, analysis, collation, and transmission of data on the performance of Investment Funds and related portfolios within the UK market which Marlborough utilises for investment purposes.
CleverAdviser
