Originally published on TriplePundit

To change the course of the way things are, we must imagine what could be. Some argue that eliminating all beef and lamb production is a solution to enhance environmental sustainability. Others assert that current meat alternatives are bad for health and the environment. So, what if we change not what we eat but how products are produced, focusing on improving and protecting the land, air, water and animal welfare?

New Zealand is proud of its Māori heritage and its commitment to the concept of Te Taiao. This belief calls for a deep respect for and responsibility for the natural world, including the health of the climate, land, water and all living systems. When nature thrives, the belief is that so do our families, communities and businesses.

Farming that respects the land, the animals and the farmers produces better products and coincides with a tangible shift in consumer behavior, as more want to understand where their meat products come from and how they are raised. And more growers are committed to creating a sustainable future for generations to come by farming positively for the planet and people. While some of these farm ideals are new to today’s methods, it’s how New Zealand has farmed for generations.

New Zealand has wide open spaces and acres of verdant green land, which is a perfect formula for producing some of the best agricultural products in the world. We believe that the formula for excellent, great-tasting and nutritious products is deeply rooted in a farming philosophy that respects and cares for our animals that are grass-fed on farmlands. But it is not just the land that creates some of the most sought-after products. A holistic approach enables us to thrive, from sustainable farming to farming communities to animal welfare and environmental protection.

Families of farmers

To understand the dedication to high-quality agricultural products from New Zealand, it is essential to understand the central role that farming plays in our regional and national economy, creating robust and multigenerational farm communities.

There may be many voices regarding how to farm, but most agree that farmers and the communities they create are critical to our world. While many farms in the U.S. are small or family-owned, four companies comprise nearly 70 percent of all U.S. beef production. These companies often practice industrialized meat production, with feedlots focusing on maximum output and less on animal welfare and the environment.

In New Zealand, over 90 percent of farms are family-owned, creating a multigenerational ecosystem that connects people to the land, animals and the environment. These family farms believe in a connected ecosystem central to regenerative agriculture. New Zealand’s beef and lamb farmers use methods that have evolved over generations and are well-adapted to local environmental conditions. These methods conserve soils and waterways for future generations, support rural communities’ social and economic fabric, and serve as a model for farmers worldwide.

Care for animals 

In New Zealand, sheep and beef cattle are overwhelmingly free-range and pasture-fed, unlike conventional grain-fed or feedlot livestock. Thanks to our temperate climate, our animals can roam outside all year round, as nature intended.

New Zealand farmers are committed to raising animals humanely, and given our strict biosecurity and quality control processes, and our geographic isolation, our efforts have resulted in an animal disease-free status recognized by the World Organization for Animal Health. 
 
Our country is among the lowest global users of antibiotics in cattle and sheep production due to our extensive outdoor farming, which reduces the chance of infections spreading, as well as strict regulations that only permit antibiotic use for animal health reasons (under veterinary control). New Zealand farmers do not use hormone growth promotants (HGPs) or antibiotics to enhance production. Animals are only treated with antibiotics when necessary for the animal’s health and well-being, and all antibiotic use is reported.

Environmental care 

Compared to the global average, New Zealand beef farms produce fewer carbon emissions, with the sheep and beef sector aiming to become carbon neutral by 2050 – helping to make New Zealand beef the sustainable choice.

Our farms are some of the most efficient producers in the world. The carbon footprint of sheep and beef production is estimated to be around half the global average, according to an on-farm Life Cycle Analysis using the traditional calculation approach with a warming-impact gas comparison metric called GWP100. An emerging calculation approach, using GWP*, which determines a carbon footprint based on a product’s actual contribution to the warming of the planet over a period of time rather than total emissions, shows that New Zealand sheep have not contributed to any additional warming in the last 20 years and are arguably climate neutral.

New Zealand’s indigenous biodiversity is unique; our farmers are kaitiaki — guardians — of the land. Nearly a quarter of New Zealand’s total native vegetation — including woody native vegetation such as mānuka/kānuka and other native plants such as tussock — grows on sheep and beef farms. Our lush country has added 2 million hectares (nearly 5 million acres) to the country’s conservation estate, the largest private sector contribution to biodiversity in New Zealand.

Quality control 

With a growing understanding that the world needs to produce food more sustainably comes increased scrutiny on validating farming methods. First introduced in 2017, the national New Zealand Farm Assurance Program (NZFAP) and the updated New Zealand Farm Assurance Program Plus seek to assure our international consumers that our products are, first and foremost, authentic, with independently verified best-practice animal raising and production assurance standards.

Under this program comes assurances in terms of integrity, origin, traceability, biosecurity, environmental sustainability, and animal health and welfare, all essential ingredients for maximizing product returns and meeting the expectations of our diverse audience. With farmers audited every three years by an independent audit and certification body, the NZFAP delivers to both national and international food safety standards.

Our commitment to a better future 

While there may be healthy disagreement on how to save our valuable environmental resources, we all agree that we need to make changes in every industry. We believe all producers can do better to reduce carbon emissions, prioritize animal welfare, and allow grass-fed herds to roam freely on sustainable farms.

We believe in action versus reaction. The time is now for all producers to commit to making sustainable changes to create a viable future. We can collectively share information, learn from one another and fight for better outcomes. As we share our journey, we look forward to learning more about yours.

This article series is sponsored by Beef + Lamb New Zealand.

Image courtesy of Beef + Lamb New Zealand

Originally published on TriplePundit

To change the course of the way things are, we must imagine what could be. Some argue that eliminating all beef and lamb production is a solution to enhance environmental sustainability. Others assert that current meat alternatives are bad for health and the environment. So, what if we change not what we eat but how products are produced, focusing on improving and protecting the land, air, water and animal welfare?

New Zealand is proud of its Māori heritage and its commitment to the concept of Te Taiao. This belief calls for a deep respect for and responsibility for the natural world, including the health of the climate, land, water and all living systems. When nature thrives, the belief is that so do our families, communities and businesses.

Farming that respects the land, the animals and the farmers produces better products and coincides with a tangible shift in consumer behavior, as more want to understand where their meat products come from and how they are raised. And more growers are committed to creating a sustainable future for generations to come by farming positively for the planet and people. While some of these farm ideals are new to today’s methods, it’s how New Zealand has farmed for generations.

New Zealand has wide open spaces and acres of verdant green land, which is a perfect formula for producing some of the best agricultural products in the world. We believe that the formula for excellent, great-tasting and nutritious products is deeply rooted in a farming philosophy that respects and cares for our animals that are grass-fed on farmlands. But it is not just the land that creates some of the most sought-after products. A holistic approach enables us to thrive, from sustainable farming to farming communities to animal welfare and environmental protection.

Families of farmers

To understand the dedication to high-quality agricultural products from New Zealand, it is essential to understand the central role that farming plays in our regional and national economy, creating robust and multigenerational farm communities.

There may be many voices regarding how to farm, but most agree that farmers and the communities they create are critical to our world. While many farms in the U.S. are small or family-owned, four companies comprise nearly 70 percent of all U.S. beef production. These companies often practice industrialized meat production, with feedlots focusing on maximum output and less on animal welfare and the environment.

In New Zealand, over 90 percent of farms are family-owned, creating a multigenerational ecosystem that connects people to the land, animals and the environment. These family farms believe in a connected ecosystem central to regenerative agriculture. New Zealand’s beef and lamb farmers use methods that have evolved over generations and are well-adapted to local environmental conditions. These methods conserve soils and waterways for future generations, support rural communities’ social and economic fabric, and serve as a model for farmers worldwide.

Care for animals 

In New Zealand, sheep and beef cattle are overwhelmingly free-range and pasture-fed, unlike conventional grain-fed or feedlot livestock. Thanks to our temperate climate, our animals can roam outside all year round, as nature intended.

New Zealand farmers are committed to raising animals humanely, and given our strict biosecurity and quality control processes, and our geographic isolation, our efforts have resulted in an animal disease-free status recognized by the World Organization for Animal Health. 
 
Our country is among the lowest global users of antibiotics in cattle and sheep production due to our extensive outdoor farming, which reduces the chance of infections spreading, as well as strict regulations that only permit antibiotic use for animal health reasons (under veterinary control). New Zealand farmers do not use hormone growth promotants (HGPs) or antibiotics to enhance production. Animals are only treated with antibiotics when necessary for the animal’s health and well-being, and all antibiotic use is reported.

Environmental care 

Compared to the global average, New Zealand beef farms produce fewer carbon emissions, with the sheep and beef sector aiming to become carbon neutral by 2050 – helping to make New Zealand beef the sustainable choice.

Our farms are some of the most efficient producers in the world. The carbon footprint of sheep and beef production is estimated to be around half the global average, according to an on-farm Life Cycle Analysis using the traditional calculation approach with a warming-impact gas comparison metric called GWP100. An emerging calculation approach, using GWP*, which determines a carbon footprint based on a product’s actual contribution to the warming of the planet over a period of time rather than total emissions, shows that New Zealand sheep have not contributed to any additional warming in the last 20 years and are arguably climate neutral.

New Zealand’s indigenous biodiversity is unique; our farmers are kaitiaki — guardians — of the land. Nearly a quarter of New Zealand’s total native vegetation — including woody native vegetation such as mānuka/kānuka and other native plants such as tussock — grows on sheep and beef farms. Our lush country has added 2 million hectares (nearly 5 million acres) to the country’s conservation estate, the largest private sector contribution to biodiversity in New Zealand.

Quality control 

With a growing understanding that the world needs to produce food more sustainably comes increased scrutiny on validating farming methods. First introduced in 2017, the national New Zealand Farm Assurance Program (NZFAP) and the updated New Zealand Farm Assurance Program Plus seek to assure our international consumers that our products are, first and foremost, authentic, with independently verified best-practice animal raising and production assurance standards.

Under this program comes assurances in terms of integrity, origin, traceability, biosecurity, environmental sustainability, and animal health and welfare, all essential ingredients for maximizing product returns and meeting the expectations of our diverse audience. With farmers audited every three years by an independent audit and certification body, the NZFAP delivers to both national and international food safety standards.

Our commitment to a better future 

While there may be healthy disagreement on how to save our valuable environmental resources, we all agree that we need to make changes in every industry. We believe all producers can do better to reduce carbon emissions, prioritize animal welfare, and allow grass-fed herds to roam freely on sustainable farms.

We believe in action versus reaction. The time is now for all producers to commit to making sustainable changes to create a viable future. We can collectively share information, learn from one another and fight for better outcomes. As we share our journey, we look forward to learning more about yours.

This article series is sponsored by Beef + Lamb New Zealand.

Image courtesy of Beef + Lamb New Zealand

BOSTON, August 7, 2023 /3BL/ – The Initiative for a Competitive Inner City (ICIC), with support from Yum! Brands, invites small business owners from across Canada to apply for the 2023 Inner City Capital Connections (ICCC) program – a tuition-free, 40-hour “mini-MBA” program that combines executive education, webinars, and coaching delivered by top-ranking university professors and business experts.

The ICCC-Pizza Hut Equal Slice Program is designed to help BIPOC-, disability-, immigrant-, and woman-owned small businesses across Canada develop strategies that build their capacity for sustainable growth and present opportunities to connect with capital sources to create local jobs.

“We’re proud to offer this transformative program which has helped so many small business owners grow revenue more quickly, create well-paying jobs, and access critical capital,” said ICIC CEO Steve Grossman. “We are pleased to have awarded $20,000 grants to exceptional members of the Canadian cohorts.”

Over the past two years, ICCC has collaborated with Yum! Brands to provide two cohorts of the ICCC-Pizza Hut Equal Slice Program and a pilot cohort of the ICCC-KFC Recipe for Success Mini-MBA Program. These programs have assisted 98 small businesses with accessing $170,000 in capital and achieving 112% revenue growth. 76% of these businesses identified as BIPOC-owned, and 67% were woman-owned businesses. Five participants from each cohort were awarded with grants ranging from $20,000 to $30,000 CAD.

“The ICCC program allowed me to review business fundamentals again from the specific lens of my own business,” said 2022 ICCC-Pizza Hut Equal Slice grant winner and founder of Chandler Honey, Tique Chandler. “It’s one thing to learn about marketing basics in school, and entirely another to learn about marketing basics when I can think back to my own specific business and different strategies I could employ.”

The ICCC-Pizza Hut Equal Slice Program will host two Canadian cohorts in 2023. The first cohort will be held in person in Toronto, Ontario, beginning on Thursday, September 14. The second cohort will be held virtually starting Tuesday, October 17 and Thursday, October 19. Interested business owners can apply by Friday, September 1, for the Toronto Cohort and Friday, September 29, for the national virtual cohort.

Canadians can nominate small business owners from minority backgrounds to be considered for the program. Visit ICIC’s website for additional detail about the ICCC program, including eligibility criteria and applications.

For more information and to connect with an ICIC subject matter expert, please contact Sarah Ginand at sginand@icic.org or (617) 238-3026 or Jasmine Martin at jmartin@icic.org or (617) 238-3010.

About Initiative for a Competitive Inner City (ICIC) 

Initiative for a Competitive Inner City (ICIC) was founded by renowned Harvard Business School Professor Michael Porter in 1994 as a research and strategy organization that today is widely recognized as the preeminent authority on the economies of underserved communities. ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.

Inner City Capital Connections (ICCC) is a tuition-free executive leadership training program designed by ICIC to help business owners in under-resourced communities build capacity for sustainable growth in revenue, profitability, and employment. ICCC is uniquely designed to provide three critical elements for sustainable growth: capacity-building education, one-on-one coaching, and connections to capital and capital providers.

Learn more at www.icic.org/iccc or @icicorg.

About Pizza Hut Canada 

Pizza Hut is proud to be one of Canada’s largest pizza restaurant chains with over 500 locations locally. Globally Pizza Hut is one of the world’s largest pizza restaurant companies with more than 18,000 restaurants in over 100 countries. No matter where you find a Pizza Hut, they are making sure each meal customers enjoy is safe, delicious, and unmistakably Pizza Hut.

Pizza Hut, Inc. is a subsidiary of Yum! Brands, Inc. (NYSE: YUM). Hungry for more information?

Check out our website, Facebook, Twitter, and/or Instagram

###

BOSTON, August 7, 2023 /3BL/ – The Initiative for a Competitive Inner City (ICIC), with support from Yum! Brands, invites small business owners from across Canada to apply for the 2023 Inner City Capital Connections (ICCC) program – a tuition-free, 40-hour “mini-MBA” program that combines executive education, webinars, and coaching delivered by top-ranking university professors and business experts.

The ICCC-Pizza Hut Equal Slice Program is designed to help BIPOC-, disability-, immigrant-, and woman-owned small businesses across Canada develop strategies that build their capacity for sustainable growth and present opportunities to connect with capital sources to create local jobs.

“We’re proud to offer this transformative program which has helped so many small business owners grow revenue more quickly, create well-paying jobs, and access critical capital,” said ICIC CEO Steve Grossman. “We are pleased to have awarded $20,000 grants to exceptional members of the Canadian cohorts.”

Over the past two years, ICCC has collaborated with Yum! Brands to provide two cohorts of the ICCC-Pizza Hut Equal Slice Program and a pilot cohort of the ICCC-KFC Recipe for Success Mini-MBA Program. These programs have assisted 98 small businesses with accessing $170,000 in capital and achieving 112% revenue growth. 76% of these businesses identified as BIPOC-owned, and 67% were woman-owned businesses. Five participants from each cohort were awarded with grants ranging from $20,000 to $30,000 CAD.

“The ICCC program allowed me to review business fundamentals again from the specific lens of my own business,” said 2022 ICCC-Pizza Hut Equal Slice grant winner and founder of Chandler Honey, Tique Chandler. “It’s one thing to learn about marketing basics in school, and entirely another to learn about marketing basics when I can think back to my own specific business and different strategies I could employ.”

The ICCC-Pizza Hut Equal Slice Program will host two Canadian cohorts in 2023. The first cohort will be held in person in Toronto, Ontario, beginning on Thursday, September 14. The second cohort will be held virtually starting Tuesday, October 17 and Thursday, October 19. Interested business owners can apply by Friday, September 1, for the Toronto Cohort and Friday, September 29, for the national virtual cohort.

Canadians can nominate small business owners from minority backgrounds to be considered for the program. Visit ICIC’s website for additional detail about the ICCC program, including eligibility criteria and applications.

For more information and to connect with an ICIC subject matter expert, please contact Sarah Ginand at sginand@icic.org or (617) 238-3026 or Jasmine Martin at jmartin@icic.org or (617) 238-3010.

About Initiative for a Competitive Inner City (ICIC) 

Initiative for a Competitive Inner City (ICIC) was founded by renowned Harvard Business School Professor Michael Porter in 1994 as a research and strategy organization that today is widely recognized as the preeminent authority on the economies of underserved communities. ICIC drives inclusive economic prosperity in under-resourced communities through innovative research and programs to create jobs, income, and wealth for local residents.

Inner City Capital Connections (ICCC) is a tuition-free executive leadership training program designed by ICIC to help business owners in under-resourced communities build capacity for sustainable growth in revenue, profitability, and employment. ICCC is uniquely designed to provide three critical elements for sustainable growth: capacity-building education, one-on-one coaching, and connections to capital and capital providers.

Learn more at www.icic.org/iccc or @icicorg.

About Pizza Hut Canada 

Pizza Hut is proud to be one of Canada’s largest pizza restaurant chains with over 500 locations locally. Globally Pizza Hut is one of the world’s largest pizza restaurant companies with more than 18,000 restaurants in over 100 countries. No matter where you find a Pizza Hut, they are making sure each meal customers enjoy is safe, delicious, and unmistakably Pizza Hut.

Pizza Hut, Inc. is a subsidiary of Yum! Brands, Inc. (NYSE: YUM). Hungry for more information?

Check out our website, Facebook, Twitter, and/or Instagram

###

WILLMAR, Minn., August 7, 2023 /3BL/ – The makers of the Jennie-O® turkey brand — a category leader and one of the top turkey brands in the United States — announced that it has chosen four U.S. schools as winners of the company’s national School Cafeteria Takeover campaign, hosted by the Jennie-O® brand team and esteemed celebrity chef Carla Hall.

The following schools will each receive $25,000 to be used for the purchase of new kitchen equipment and essential supplies:

Nicholson STEM Academy- Chicago Public SchoolsStillwater Middle School- Stillwater Oklahoma Public School DistrictKino Jr High School- Mesa Arizona Public School DistrictPine Lane Elementary School- Douglas County School District Colorado

The opportunity for a school to win a $25,000 grand prize was a central component of the brand’s “School Cafeteria Takeovers” program. Communities nominated their schools by sharing stories about how their cafeteria staff has made a positive impact on both their school and their community.

“We had an incredible time working with Chef Carla this past year to help celebrate the unsung heroes of our schools — the cafeteria staff,” said Renee Cool, brand manager at Jennie-O Turkey Store. “And we are so excited to provide an additional $25,000 to these four amazing schools to further help and ease meal-prep for the cafeteria staff as they serve thousands of students across the nation.”

Jennie-O® announced its partnership with chef, cookbook author and beloved TV personality Hall in October 2022. As part of this partnership, the Jennie-O team and Hall visited schools across the nation to honor school cafeteria staff by hosting school cafeteria takeovers, during which they cooked Jennie-O® turkey as part of a catered meal for cafeteria workers. The Jennie-O ® brand team also pampered cafeteria workers with massage chairs, baked Hall’s Perfect Buttermilk Biscuits for them, and exhibited the gratitude and love of their students with a barrage of flowers and handwritten notes. The campaign kicked off in Knoxville, Tenn., at Blue Grass Elementary School in Oct. 2022, followed by trips to Los Angeles’ Panorama High School in Nov. 2022, Houston’s Mandarin Immersion Magnet School in Feb. 2023 and Detroit’s Central Durfee K-12 school in May.

The Jennie-O® brand team has long been a trusted food partner of K-12 schools, providing more than 5,000 school districts in the U.S. with the largest variety of K-12 turkey products in the country. For more information about Jennie-O® turkey products, including recipes, nutritional information and where to buy, visit JennieO.com.

WILLMAR, Minn., August 7, 2023 /3BL/ – The makers of the Jennie-O® turkey brand — a category leader and one of the top turkey brands in the United States — announced that it has chosen four U.S. schools as winners of the company’s national School Cafeteria Takeover campaign, hosted by the Jennie-O® brand team and esteemed celebrity chef Carla Hall.

The following schools will each receive $25,000 to be used for the purchase of new kitchen equipment and essential supplies:

Nicholson STEM Academy- Chicago Public SchoolsStillwater Middle School- Stillwater Oklahoma Public School DistrictKino Jr High School- Mesa Arizona Public School DistrictPine Lane Elementary School- Douglas County School District Colorado

The opportunity for a school to win a $25,000 grand prize was a central component of the brand’s “School Cafeteria Takeovers” program. Communities nominated their schools by sharing stories about how their cafeteria staff has made a positive impact on both their school and their community.

“We had an incredible time working with Chef Carla this past year to help celebrate the unsung heroes of our schools — the cafeteria staff,” said Renee Cool, brand manager at Jennie-O Turkey Store. “And we are so excited to provide an additional $25,000 to these four amazing schools to further help and ease meal-prep for the cafeteria staff as they serve thousands of students across the nation.”

Jennie-O® announced its partnership with chef, cookbook author and beloved TV personality Hall in October 2022. As part of this partnership, the Jennie-O team and Hall visited schools across the nation to honor school cafeteria staff by hosting school cafeteria takeovers, during which they cooked Jennie-O® turkey as part of a catered meal for cafeteria workers. The Jennie-O ® brand team also pampered cafeteria workers with massage chairs, baked Hall’s Perfect Buttermilk Biscuits for them, and exhibited the gratitude and love of their students with a barrage of flowers and handwritten notes. The campaign kicked off in Knoxville, Tenn., at Blue Grass Elementary School in Oct. 2022, followed by trips to Los Angeles’ Panorama High School in Nov. 2022, Houston’s Mandarin Immersion Magnet School in Feb. 2023 and Detroit’s Central Durfee K-12 school in May.

The Jennie-O® brand team has long been a trusted food partner of K-12 schools, providing more than 5,000 school districts in the U.S. with the largest variety of K-12 turkey products in the country. For more information about Jennie-O® turkey products, including recipes, nutritional information and where to buy, visit JennieO.com.

Next time you crack open a carbonated beverage, consider the origin of those bubbles inside the can. Their source might mean you’re participating in the fight against climate change.

Most of us are familiar with how greenhouse gas emissions—mainly carbon dioxide—increase the amount of heat trapped within earth’s atmosphere, warming the planet and changing weather patterns. There’s an array of methods and technologies at various stages of development that have shown promise in offsetting emissions. The problem today is that the reach of these mitigation strategies is much too small. Hence the opportunity for forward-looking investors to participate in scaling new solutions.

Burying Carbon for Good 
Direct air capture (sometimes called DAC) is a pioneering method for carbon reduction. At the risk of oversimplification, the initial process involves collecting carbon from air flow and then using heat to condense it. Climeworks is a 14-year-old company that has developed direct air capture and serves several distinct markets, including putting the sparkle in sparkling water.1,2

Recently, Climeworks has developed a new application of its technology. This January, Climeworks fired up an installation in Iceland where the captured carbon is pumped into bedrock for storage. There are a few ingredients required for this approach to direct air capture: basalt (a type of igneous rock), sea water, and energy. After heating, carbon is mixed with sea water and then pumped underground by CarbFix, an operational partner to Climeworks.3 There, contact between this mixture and basalt creates a chemical reaction binding them together, which keeps the carbon sequestered deep underneath Iceland for millennia.

While Climeworks doesn’t publicly disclose the minerals that result from this binding reaction, I believe the combination of carbon dioxide, calcium and magnesium would produce dolomite and perhaps other carbonate minerals. In other words, Climeworks is taking carbon out of the atmosphere and turning it into rock!

A Gigaton-sized Problem Meets a Global Opportunity Set 
This is an impressive application of geochemistry, and the timing couldn’t be more critical. The Icelandic prototype that successfully went online in January should be able to remove about 4,000 metric tons of carbon per year. Globally, we will need to reduce or remove more than 40 gigatons—that’s 40 billion metric tons—of carbon per year to offset our annual emissions.4 Add in all the other greenhouse gases and we’ll need to offset more than 50 gigatons per year to reach net zero emissions.5

That may seem like an impossible gap to span, and any realistic path to net zero is going to require the hard work of cutting greenhouse gas output as much as possible. But direct air capture can serve as a supplemental solution to emissions reduction, and the team in Iceland is already building a facility designed to remove 36,000 metric tons of carbon per year, with a roadmap to megaton and then gigaton removal by 2050.

For me, this is very exciting. Perhaps my background as both an isotope geochemist and an investment manager enables me to see the potential in direct air capture. It could have a profound positive impact on the path to net zero.

Thinking about the geological features of our planet, there are many other places where this method could be replicated. Hawaii checks all the requisite boxes. Large segments of the Pacific Rim would probably qualify. Just look at a map of tectonic hotspots to begin identifying targets.

Variations on a Carbon Capture Theme 
And just as we’re not bound to one location, we’re also not limited by one approach. Climeworks has partnered with an Omani firm on a similar process.6 The major difference comes down to the rocks. Oman has an abundance of peridotite, which may be more familiar as the source of the birthstone peridot. It also dominates the composition of earth’s upper mantle. Thanks, again, to tectonic activity, peridotite has been forced toward earth’s crust in Oman. Like basalt, peridotite is a great candidate for binding carbon underground.

Not enough geothermal energy at a location with ideal mineral composition? That’s not a dealbreaker. Alternative low-carbon energy sources can be substituted anywhere lacking in this key factor. The facilities could employ smaller nuclear power generators, for example.

The Capital to Combat Climate Change 
We just might be entering a golden age for experimentation and mobilization in the fight to manage climate change. Western governments are beginning to commit serious capital to the cause, and major corporations are willing to pay a premium for carbon credits from the startups pursuing these promising new methods.

These capital investments will draw entrepreneurship into new and creative solutions, like Climeworks and CarbFix, that may have unanticipated benefits at a scale we haven’t seen since the push to put a man on the moon. Direct air capture has already given us a better way to produce fizzy beverages.

The investment opportunity could be arrived at via publicly traded companies with the foresight to capitalize these startups. There may also prove to be more direct opportunities to invest with impact-oriented private equity funds.

I think these developments provide great cause for optimism, and not a moment too soon. We’ll keep our eyes wide open for emerging opportunities to make a positive environmental impact and a strong financial return.

About Fiduciary Trust International 
Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $90 billion in assets under management and administration as of March 31, 2023, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The New York-based firm and its subsidiaries maintain offices in Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, Reston, VA, and Atlanta, GA. For more information, please visit fiduciarytrust.com, and for the latest updates, follow Fiduciary Trust International on LinkedIn and Twitter: @FiduciaryTrust.

About Franklin Templeton 
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

On the Rocks_Combating Climate Change with Geochemistry.pdf
 

1 “Climeworks’ Journey.” Climeworks.com
2 “Climeworks pioneering air-captured CO2 for drinks carbonation.” Jasi, Amanda. The Chemical Engineer. December 21, 2018.
3 “Direct Air Capture.” Carbfix.com.
4 “Global atmospheric carbon dioxide levels continue to rise.” NOAA Research News. November 14, 2022.
5 “Hot To Avoid A Climate Disaster.” Gates, Bill. 2021.
6 “Rare Mantle Rocks in Oman Could Sequester Massive Amounts of CO2.” Fox, Douglas. Scientific American. July 1, 2021

Next time you crack open a carbonated beverage, consider the origin of those bubbles inside the can. Their source might mean you’re participating in the fight against climate change.

Most of us are familiar with how greenhouse gas emissions—mainly carbon dioxide—increase the amount of heat trapped within earth’s atmosphere, warming the planet and changing weather patterns. There’s an array of methods and technologies at various stages of development that have shown promise in offsetting emissions. The problem today is that the reach of these mitigation strategies is much too small. Hence the opportunity for forward-looking investors to participate in scaling new solutions.

Burying Carbon for Good 
Direct air capture (sometimes called DAC) is a pioneering method for carbon reduction. At the risk of oversimplification, the initial process involves collecting carbon from air flow and then using heat to condense it. Climeworks is a 14-year-old company that has developed direct air capture and serves several distinct markets, including putting the sparkle in sparkling water.1,2

Recently, Climeworks has developed a new application of its technology. This January, Climeworks fired up an installation in Iceland where the captured carbon is pumped into bedrock for storage. There are a few ingredients required for this approach to direct air capture: basalt (a type of igneous rock), sea water, and energy. After heating, carbon is mixed with sea water and then pumped underground by CarbFix, an operational partner to Climeworks.3 There, contact between this mixture and basalt creates a chemical reaction binding them together, which keeps the carbon sequestered deep underneath Iceland for millennia.

While Climeworks doesn’t publicly disclose the minerals that result from this binding reaction, I believe the combination of carbon dioxide, calcium and magnesium would produce dolomite and perhaps other carbonate minerals. In other words, Climeworks is taking carbon out of the atmosphere and turning it into rock!

A Gigaton-sized Problem Meets a Global Opportunity Set 
This is an impressive application of geochemistry, and the timing couldn’t be more critical. The Icelandic prototype that successfully went online in January should be able to remove about 4,000 metric tons of carbon per year. Globally, we will need to reduce or remove more than 40 gigatons—that’s 40 billion metric tons—of carbon per year to offset our annual emissions.4 Add in all the other greenhouse gases and we’ll need to offset more than 50 gigatons per year to reach net zero emissions.5

That may seem like an impossible gap to span, and any realistic path to net zero is going to require the hard work of cutting greenhouse gas output as much as possible. But direct air capture can serve as a supplemental solution to emissions reduction, and the team in Iceland is already building a facility designed to remove 36,000 metric tons of carbon per year, with a roadmap to megaton and then gigaton removal by 2050.

For me, this is very exciting. Perhaps my background as both an isotope geochemist and an investment manager enables me to see the potential in direct air capture. It could have a profound positive impact on the path to net zero.

Thinking about the geological features of our planet, there are many other places where this method could be replicated. Hawaii checks all the requisite boxes. Large segments of the Pacific Rim would probably qualify. Just look at a map of tectonic hotspots to begin identifying targets.

Variations on a Carbon Capture Theme 
And just as we’re not bound to one location, we’re also not limited by one approach. Climeworks has partnered with an Omani firm on a similar process.6 The major difference comes down to the rocks. Oman has an abundance of peridotite, which may be more familiar as the source of the birthstone peridot. It also dominates the composition of earth’s upper mantle. Thanks, again, to tectonic activity, peridotite has been forced toward earth’s crust in Oman. Like basalt, peridotite is a great candidate for binding carbon underground.

Not enough geothermal energy at a location with ideal mineral composition? That’s not a dealbreaker. Alternative low-carbon energy sources can be substituted anywhere lacking in this key factor. The facilities could employ smaller nuclear power generators, for example.

The Capital to Combat Climate Change 
We just might be entering a golden age for experimentation and mobilization in the fight to manage climate change. Western governments are beginning to commit serious capital to the cause, and major corporations are willing to pay a premium for carbon credits from the startups pursuing these promising new methods.

These capital investments will draw entrepreneurship into new and creative solutions, like Climeworks and CarbFix, that may have unanticipated benefits at a scale we haven’t seen since the push to put a man on the moon. Direct air capture has already given us a better way to produce fizzy beverages.

The investment opportunity could be arrived at via publicly traded companies with the foresight to capitalize these startups. There may also prove to be more direct opportunities to invest with impact-oriented private equity funds.

I think these developments provide great cause for optimism, and not a moment too soon. We’ll keep our eyes wide open for emerging opportunities to make a positive environmental impact and a strong financial return.

About Fiduciary Trust International 
Fiduciary Trust International, a global wealth management firm headquartered in New York, NY, has served individuals, families, endowments and foundations since 1931. With over $90 billion in assets under management and administration as of March 31, 2023, the firm specializes in strategic wealth planning, investment management and trust and estate services, as well as tax and custody services. The New York-based firm and its subsidiaries maintain offices in Coral Gables, FL, Boca Raton, FL, St. Petersburg, FL, Radnor, PA, Lincoln, MA, Los Angeles, CA, San Mateo, CA, San Francisco, CA, Washington, DC, Wilmington, DE, Reston, VA, and Atlanta, GA. For more information, please visit fiduciarytrust.com, and for the latest updates, follow Fiduciary Trust International on LinkedIn and Twitter: @FiduciaryTrust.

About Franklin Templeton 
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of June 30, 2023. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

On the Rocks_Combating Climate Change with Geochemistry.pdf
 

1 “Climeworks’ Journey.” Climeworks.com
2 “Climeworks pioneering air-captured CO2 for drinks carbonation.” Jasi, Amanda. The Chemical Engineer. December 21, 2018.
3 “Direct Air Capture.” Carbfix.com.
4 “Global atmospheric carbon dioxide levels continue to rise.” NOAA Research News. November 14, 2022.
5 “Hot To Avoid A Climate Disaster.” Gates, Bill. 2021.
6 “Rare Mantle Rocks in Oman Could Sequester Massive Amounts of CO2.” Fox, Douglas. Scientific American. July 1, 2021

KeyBank will host an event for first-time homebuyers and real estate professionals in Albany, NY. Representatives from KeyBank will offer advice and details on products and assistance programs available to first time homebuyers.  

The event will take place on: 

Tuesday August 15th – 4:00 p.m.-6:30 p.m. – Albany Marriott – Empire Room – 189 Wolf Road, Albany, NY

Attendees should register here: https://keybank_homelendingsalesrally.eventbrite.com/

Get tips on homeownership from KeyBank

KeyBank Member FDIC. NMLS #399797. Mortgage and Home Equity Lending products offered by KeyBank are not FDIC insured or guaranteed. KeyBank extends credit secured by residential real estate without regard to race, color, religion, national origin, sex, handicap, or familial status. All credit products are subject to collateral and/or credit approval, terms, conditions, availability and are subject to change. 

CFMA #230728-2183789

I am proud that Sappi North America contributed significantly to enhancing our company’s commitment to people, prosperity and the planet. We reached important milestones in employee safety, financial performance and sustainability across our business and our environment.

The hard work by all of our employees at SNA not only exceeded our expectations for safety and prosperity, but also resulted in one of our company’s most successful years. We posted record highs in EBITDA, margin and cash flow, and we kept ahead of inflationary pressures with our input costs. This success allowed us to reduce debt, continue investing in our facilities, and provide resources for the research and development of innovative new processes and products.

We also announced a major investment in both capital and sustainability at the Somerset Mill, converting Paper Machine No. 2 to increase the mill’s capacity to produce solid bleached sulfate (SBS) board products. Demand for packaging and speciality papers in North America is particularly robust, especially because SBS is a more environmentally sustainable alternative to plastic packaging. This move also complements our long-term Thrive25 strategy, which focuses on growing our portfolio in packaging and speciality papers, pulp, and biomaterials.

In 2022, we further demonstrated our dedication to sustainability by committing to science-based targets through the Science Based Targets initiative (SBTi), and we secured an EcoVadis Platinum sustainability rating for the third year in a row, keeping Sappi at the top 1% of pulp and paper companies assessed.

I am also very proud of our commitment to our people. SNA’s record for safety in 2022 was unmatched. Somerset has surpassed 750 days without a lost-time injury and is expected to exceed 3.5 million work hours in the second quarter. Additionally, Matane has been LTI-free for over 5.5 years, Allentown for over 6.5 years and our Technical Center for over 16.5 years. We achieved a record low for LTI frequency rate, with zero lost-time injuries at three of SNA’s five manufacturing sites. Our team’s commitment to improving safety has been exceptional, and the results show it.

We also enhanced our focus on employee engagement across all sites and departments, creating a newsletter distributed to all employees; posting frequently on social media to recognize them and their achievements; and producing videos that showcase our employees, their expertise and their dedication to their occupations.

I am very proud of the entire North American team for delivering these record-breaking results. We are sure to face some headwinds in the coming year, but we have proven that we are capable of navigating and overcoming many business challenges. I look forward to continuing our success in 2023.

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.