– Hurricane Havoc: Scientists Suggest Adding ‘Category 6’ for Super Storms
– Hydrogen means Heinz
– TotalEnergies and Air Liquide Team Up for Hydrogen Truck Network
– Geodis Goes Green
Both indices made a gain for the week, with the MSCI ACWI index adding 0.47% whilst the MSCI ACWI ESG Focus Index gained 0.30%.
Hurricanes becoming so strong that new category needed, study says
Hurricanes are becoming so strong due to the climate crisis that the classification of them should be expanded to include a “category 6” storm, furthering the scale from the standard 1 to 5, according to a new study. Over the past decade, five storms would have been classed at this new category 6 strength, researchers said, which would include all hurricanes with sustained winds of 192mph or more.
Hydrogen means Heinz
The Kraft Heinz Company has signed an agreement with Carlton Power, the UK energy infrastructure development company, to study the development of a renewable green hydrogen plant at its Kitt Green manufacturing plant in Wigan, Greater Manchester.
Kitt Green is one of the largest food processing plants in Europe and one of the largest Kraft Heinz facilities in the world, producing a quarter of a million tons of food annually and employing approximately 850 people. The proposed 20MW Kitt Green hydrogen plant will meet more than 50% of the plant’s annual natural gas demand and reduce the plant’s carbon emissions by 16,000T/yr.
TotalEnergies and Air Liquide launch Hydrogen truck network
TotalEnergies and Air Liquide have announced the launch of TEAL Mobility, a new joint venture aimed at accelerating the development of a hydrogen network for heavy duty trucks across Europe. TEAL Mobility aims to develop more than 100 hydrogen stations over the next decade, creating the first transnational European network of this size, under the TotalEnergies brand. It will operate around 20 stations in France, the Netherlands, Belgium, Luxemburg and Germany from 2024. Several heavy truck manufacturers have been increasing production of hydrogen fuel trucks to meet sustainability requirements.
Geodis Targets 42% Emissions Reduction from its Fleet and Buildings r
Global logistics provider Geodis has announced a series of climate goals, including a commitment to reduce emissions generated by its fleets of vehicles and its buildings by 42%. It also plans to reduce the carbon intensity of subcontracted transport by 30% by 2030, compared to 2022 figures. The launch of the new goals comes as companies globally increasingly focus on supply chain sustainability, including the climate impact of value chains, including shipping and logistics.
Anthony Walters – Head of ESG at Clever Adviser Technology Ltd (Clever)
Market recap – Data sourced from FE FundInfo & Koyfin (quoted in Pounds Sterling).
Hurricanes becoming so strong that new category needed, study says, by Oliver Milman, Guardian, 05/02/24
Kraft Heinz and Carlton Power Ignite UK’s Renewable Hydrogen Initiative by ESG News, 06/02/24
TotalEnergies, Air Liquide Create New JV to Launch a Hydrogen Station Network for Heavy Duty Trucks by ESG Today 01/02/24
Geodis Targets 42% Emissions Reduction from its Fleet and Buildings, by ESG Today, 02/02/24
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.