Investors are taking a deeper dive into corporations, looking beyond financial metrics and into a company’s Environmental, Social, and Governance (ESG) standards as a measure of its commitment to all stakeholders, including a healthier planet.
Last year, Laurence Fink, the Founder and CEO of BlackRock, the world’s largest asset manager, sent a letter to the CEOs of its invested companies and a second letter to its clients, addressing a focused mandate on sustainable investing. BlackRock sees climate risk as investment risk and plans to act ahead of the serious impacts of climate change by doubling its number of ESG funds.
Below are four companies where ESG has become a critical part of their business or a core belief in building a more sustainable business environment.
1. Cielo Waste Solutions Corp. (CSE: CMC | OTCQB: CWSFF | FSE: C36)
Cielo is literally turning garbage into gas; it doesn’t get much greener than that!
Cielo, a waste to renewable fuel company, has a patented technology that converts landfill garbage into renewable high-grade diesel used in transport trucks and kerosene used for aviation jet and marine fuel.
After 16 years and C$75 million in research and development, and now a fully functional plant, Cielo is currently riding the “green wave” of investor interest in environmental tech, and the stock price has responded accordingly, up over 1,000% year-to-date.
Cielo is currently rolling out 10 facilities in North America over the next couple of years but with revenues expected from its first plant this year.
Read the latest story about Cielo here.
2. mCloud Technologies Corp. (TSXV: MCLD | OTCQB: MCLDF)
mCloud helps businesses reduce energy waste, maximize energy production and get the most out of critical energy infrastructure. It focuses on using Artificial Intelligence (AI) to curb energy waste in buildings, maximize the energy production of wind turbines and extend the lifespan of critical energy infrastructure in a variety of different industries.
mCloud recently rolled out a new service that detects the leakage of gases during oil and gas production that will drive major carbon emission reductions for its customers in Alberta and the Middle East.
And yesterday, mCloud announced a partnership with three North American energy utility providers to offer its energy-saving solutions for HVAC and improved indoor air quality (IAQ) monitoring solutions that could target over one million commercial buildings in the U.S. and Canada.
Read about yesterday’s news release here.
3. Nano One Materials Corp. (TSXV: NNO)
Nano One Materials is a technology company with a patented and scalable industrial process for the production of low-cost, high-performance cathode materials used in lithium-ion batteries.
The cathode determines the battery’s capacity and voltage, and can comprise 20% or more of the costs of a lithium-ion battery.
Nano One’s proprietary “One Pot” furnace process creates a coated single crystal powder that protects the cathode from side reactions while allowing the transfer of lithium ions between electrolyte and cathode.
And, importantly, the process addresses ESG concerns around energy, waste, and carbon footprint in the lithium-ion battery supply chain. It is an environmentally friendly process using limited water, and as it eliminates intermediate steps, it eliminates expensive and energy-intensive metal conversions and does not have a hazardous waste stream.
See the latest video about Nano One Materials here.
4. Neo Lithium Corp. (TSXV: NLC | OTCQX: NTTHF)
Neo Lithium is advancing its 100% owned Tres Quebradas (3Q) project, a high-grade lithium brine lake and salar complex in Argentina. The 3Q Project is located in Latin America’s “Lithium Triangle” and covers 350 KM2 (~86,500 acres) in the largest lithium-producing area in Argentina.
Last week, Neo Lithium announced that it engaged Golder Associates and the Argentinean National University of San Martin, to help with the ESG program as part of its Feasibility Study for 3Q project.
Waldo Perez, CEO of Neo Lithium said, “We take very seriously our compromise with all of our stakeholders and future generations, which in large part includes all aspects of ESG.”
Neo Lithium wants to be at the low end of the CO2 emission footprint when compared with other lithium brine projects.
Read the latest story about Neo Lithium here.