ING has joined Ellen MacArthur Foundation’s Circular Economy 100 (CE100) programme as a corporate member. The CE100 programme is an international platform for innovation and collaboration, to help speed up the transition into a circular economy. ING’s membership follows the successful launch of its first green bond.
ING has been selected to join other organisations who are international frontrunners for sustainability to develop knowledge sharing and capacity building. Through the Ellen MacArthur Foundation, ING aims to grow its knowledge and network, by collaborating with experts, partners and other CE100 members to promote the circular economy and unlock business opportunities.
ING’s membership of the CE100 programme is in line with the bank’s sustainability strategy to help clients with their transition towards more sustainable business models, including the move from a model based on the “take, make and waste” processes to the circular economy model focused on the “reduce, reuse and recycle” principles.
Gerald Naber, Vice President Sustainable Finance at ING said: “For ING, sustainable business is better business and we look forward to enhancing our efforts to integrate sustainability through our membership of the CE100 programme. We are honoured to be working alongside one of the worlds most distinguished circular economy champions and believe that this is a fantastic opportunity to learn, gain and contribute to global sustainability.
“To thrive in a world where sustainability takes centre stage, forward-looking businesses are embracing sustainability requirements, using them to foster innovation, drive competitiveness, and create new business models. The circular economy is the ultimate answer to solving the problem of the depletion and economic scarcity of resources, but it also creates new business opportunities. As a leading global bank, we are actively engaging with our clients to come up with the solutions that will support their transition.”
ING’s membership of the CE100 programme follows the successful launch of its inaugural green bond in November 2015, which was subsequently cited as an example of how the private sector can help build climate resilience by the United Nations. ING also committed to using 20% of the proceeds for new green lending. The refinancing part of the bond is being used for global scale projects, in key areas such as renewable energy, green commercial real estate, low-carbon transport, water and waste.
ING actively seeks out circular economy financing opportunities and has produced a number of research papers exploring alternative sustainable business models. In a recent report by ING, “From assets to access”, Senior Economist, Jurjen Witteveen, examines the capital goods manufacturing industry and its transition from a product provider to a services provider. This business model allows closer relations with the customer through enhanced product development and can provide greater business value to both parties.
A Good Look At How Homes Will Become More Energy Efficient Soon
Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.
There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.
1. The Rise Of Smart Windows
When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.
If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.
2. A Better Way To Cool Roofs
If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.
Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.
3. Low-E Windows Taking Over
It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.
They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.
4. Magnets Will Cool Fridges
Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.
The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.
5. Improving Our Current LEDs
Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.
That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.
Maybe Homes Will Look Different Too
Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.
ShutterStock – Stock photo ID: 613912244
IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”
IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.
Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.
Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.
Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:
“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.
We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.
There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.
We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”