Berkeley Haas launches Sustainable Business Research Prize
New prize to recognize the most significant research with the greatest potential to catalyze immediate change in business management practices in the face of global environmental crises
Grant and Award AnnouncementBerkeley, Calif. – The Haas School of Business at the University of California, Berkeley, today announced the launch of the Berkeley Haas Sustainable Business Research Prize. The prize encourages serious research with timely, real-world business-practice applications among business school faculty around the world related to responsible business, sustainability, and ESG (environmental, social, and governance) issues.
This new prize seeks to recognize the most significant research papers that hold the greatest potential to catalyze immediate change in business management practices in the face of urgent global environmental crises. Additionally, the prize will motivate thought leadership globally and add to the body of knowledge and intellectual capital in the role of business in society.
Recognizing that the global market is not acting fast enough to address the climate change crisis, the 2023 prize will seek papers that explore economic levers that motivate individuals, corporations, and markets to act with urgency on climate and resource-saving initiatives.
This Haas Sustainable Business Research Prize is supported by Allan Spivack, MBA 80 and former President & CEO of RGI Home. Spivack has long been at the vanguard of sustainable business and serves on the Senior Advisory Board of the Berkeley Haas Center for Responsible Business.
“The University of California, Berkeley has a tradition of cutting-edge innovation across many academic and research disciplines,” Spivack said. “My intention in creating the Sustainable Business Research Prize is to provide a platform in which the urgent conversations around climate change and industry can meet the moment.”
A committee of well-regarded sustainability researchers and practitioners at the Haas School of Business will choose one academic study to win the $20,000 prize. The committee will be chaired by Berkeley Haas Dean Ann E. Harrison and made up of faculty members Reed Walker, Transamerica Chair in Business Strategy; Assistant Professor Sytske Wijnsma,; Assistant Professor Jonathan Weigel; and Associate Professor Panos Patatoukas, the L.H. Penney Chair in Accounting and Distinguished Teaching Fellow.
The prize is part of Dean Harrison’s three strategic priorities for the Haas School: sustainability, entrepreneurship, and diversity, equity, inclusion, justice, and belonging (DEIJB). As the top public business school, Berkeley Haas is committed to addressing sustainability challenges by preparing our students to lead the transition to a sustainable and inclusive economy through designing and implementing new business models, policies, and solutions.
“At the Haas School of Business, we believe that the transition to a sustainable world is being led by business. It is business that is mobilizing the vast amount of capital and innovation needed to create successful environmental solutions at scale,” Harrison said. “The Haas Sustainable Business Research Prize seeks to address this challenge in translating cutting-edge academic research into action in the face of the climate crisis.”
The prize is administered by the Berkeley Haas Center for Responsible Business (CRB). The CRB connects students, businesses, and faculty to mobilize the positive potential of business to create a more responsible, resilient, and sustainable society. Building on more than two decades of research, teaching, and engaging with business, the center encourages sustainability-minded research and its application in the marketplace of commerce and ideas.
Learn more about the prize and the forthcoming 2023 call for papers here.
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NEWS PROVIDED BYAppian Capital Advisory LLP
01 Jun, 2023
HighlightsPartnership with Detronic is key milestone as Appian looks to deploy clean energy solutions at its operations to off-set and reduce CO2 emissions on a portfolio basis
Development of 62.4MWp of solar power plants will provide attractive risk-adjusted returns given Minas Gerais, Brazil, a key mining region, is one of the most attractive regions for solar projects globally
Accelerates the internalizing of renewable energy skillsets to deploy across Appian's mining portfolio as part of our clean energy solutions and mining adjacent strategy
Utilizing Detronic's expertise to add inside-the-fence clean energy projects to Appian's mining operations will lead to carbon emission reductions and reduce energy costs and margin volatility
LONDON, June 1, 2023 /PRNewswire/ -- Appian Capital Advisory LLP ("Appian" or the "Company"), the investment advisor to long-term value-focused private equity funds that invest solely in mining and mining-related companies, and Detronic Energia ("Detronic"), an experienced renewable energy solutions provider in Brazil, are pleased to announce a clean energy partnership in Minas Gerais, Brazil.
Appian has entered into a joint venture partnership with Detronic to develop a portfolio of 20 ready-to-build solar parks. The partnership will develop parks with a total capacity of 62.4MWp in Minas Gerais. As a leading mining state in Brazil, Minas Gerais is one of the most attractive regions for photovoltaic projects in the country and the world, due to its excellent solar irradiation and fiscal incentives. In addition to its planned projects in the state, Appian and Detronic are currently evaluating opportunities for additional solar farms at its individual mine sites across Brazil given the high suitability of the Detronic design.
The Detronic Appian partnership is a core element of Appian's clean energy and mining adjacent strategy to support the business' ambitions to decarbonise its operations and simultaneously improve margins.
The energy pricing environment, low project risk execution and the fiscal benefits for solar generation in Minas Gerais are key benefits of the Detronic partnership, which is set to deliver attractive risk adjusted returns for Appian's investors. Minas Gerais is the largest distributed generation market in Brazil with 2.5GWp already installed. Furthermore, the development of the renewable energy portfolio in Brazil will serve as a hedge and reduce Appian's exposure to future energy price rises at its operations in the country.
Alongside its environmental and economic benefits, this partnership will enable Appian to further develop its inhouse clean energy and sustainability expertise, particularly around incorporating renewable projects into Appian mine sites going forward.
Detronic's business model is fully integrated covering everything from project development to final energy distribution and operations. With this 360° structure Detronic is able to support across the value chain for the development of clean energy portfolio.
The development of the 20 solar sites in Minas Gerais, which will be led by Detronic's dedicated construction arm, is set to begin in Q2 2023. Detronic has an established track-record of developing solar generation on time and on budget, using a standardized design and repeatable execution methodology which is also suitable for Appian's mines sites. It has 34 solar farms recently built and grid connected as well as a further 47 under construction. Detronic's current operations are off-setting 6,263 tonnes of CO2 per year.
Michael W. Scherb, Founder and CEO of Appian, commented: "This is a significant milestone for Appian's sustainability ambitions. As a leading investor in mining, we see ESG as core to the delivery of our strategy and the success of our investments. By partnering with an industry expert in Detronic, we have demonstrated that providing clean energy to our portfolio in Brazil is a priority, alongside delivering attractive, risk-adjusted returns to our investors in the process. I look forward to working with our team to deliver on the opportunity that this partnership presents for our business."
Andre Barreto, Founder and CEO of Detronic, added: "Working with Appian is the result of significant planning and preparation. We live in a connected and electrical world, and renewable energy sources are the protagonists of a sustainable future. This is a partnership built on purpose, and we are eager to combine the efforts of two incredible teams to achieve common goals and results. Appian's strategic vision and global presence will be key foundations for the development of new projects across the planet."
About Appian
Appian Capital Advisory LLP is the investment advisor to long-term value focused private capital funds that invest solely in mining and mining related companies.
Appian is a leading investment advisor in the metals and mining industry, with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies to achieve their development targets, with a global operating portfolio overseeing 6,300 employees.
Appian has a global team of 65 experienced professionals with offices in London, Toronto, New York, Lima, Belo Horizonte, Montreal, Perth, Mexico City and Dubai.
For more information please visit www.appiancapitaladvisory.com, or find us on LinkedIn, Twitter or Instagram.
About Detronic Energia
Detronic Energia is the most complete hub of renewable energy solutions in Brazil. Leveraging its vertically integrated structure, Detronic Energia provides innovative arrangements for partners and energy consumers of different sizes and profiles. The company has an ecosystem to connect all market players and deliver tailored customer solutions. Detronic Energia holds more than 100 MWp of installed or under construction facilities capacity, around 140 MWp ready-to-build projects and has more than 4,200 active customers in the local energy market.
Detronic has a strong ESG drive and is part of the United Nations Global Compact. Detronic Energia believes in a new way of doing business to transform people's lives.
Learn more about Detronic Energia on our website, Linkedin, Facebook, Instagram and YouTube.
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SOURCE Appian Capital Advisory LLP
JV Article: Siemens operations in Ontario supply process instrumentation tech to global market
MINING.COM and Siemens | June 1, 2023 |
Pressure instrumentation at Peterborough plant in Ontario. Image from Siemens Canada
Siemens Canada, part of a globally connected network, is now able to supply all its process instrumentation technologies to the global market from its factory located in Peterborough, Ontario, Canada.
“The 17,000 square meter (183,000 sq. ft) manufacturing plant has a breadth of product, and this variety positions it as a leader managing the needs of the industries that it supports,” says Peterborough plant manager, Ian Almond.
Siemens is the only process instrumentation manufacturer on the market today that also offers a complement of static and dynamic weighing technologies. These include weighfeeders, dry solids impact flow-meters, and beltscales. Many customers would recognize these technologies under the legacy Milltronics branding – a name still well known today.
The Peterborough plant has historically been the “center of excellence” within Siemens for level, weighing, and process protection technologies. Replicating world class production processes from its other global factories, the plant has been able to establish lean manufacturing for its other portfolios including flow, pressure, temperature, and valve positioner assembly.
The last few years have presented new challenges. Like other organizations, Siemens was also impacted by supply chain challenges that caused lead-time stability issues. However, with its powerful global procurement, strategic inventory increases, and increased local supply, the company has been able to mitigate many of those risks.
“For some products, the Peterborough facility can receive an order in the morning and have supply on a truck by the afternoon,” notes Almond.
Sustainable supply chains
Siemens embraces the importance of being environmentally responsible and has set aggressive targets to become carbon neutral.
“Siemens is aiming to be carbon neutral by 2030 in our Scope 1 and 2 emissions – that's our internal operations. This will positively impact other organizations’ Scope 3,” says Amy Geisberger, Sustainability Manager for Siemens Canada. “We also have goals to be carbon neutral by 2050 in our Scope 3 – selling products and services that are lower carbon for the mining industry.”
Siemens recognizes the significant challenges faced by the mining industry as companies pursue their carbon footprint reduction targets, and it sees the Peterborough factory as a key piece of that solution.
“We can help the mining value chain be more environmentally sustainable,” Geisberger says. “We can help them be more efficient in their operations and save resources with the products and the services that we offer.”
Siemens is committed to supporting the mining industry in its transition to carbon neutrality; especially as the world becomes more reliant on critical minerals and moves towards a low carbon economy and electrified operations and fleet.
The Peterborough factory's continuous improvements and investment in production, supply chain, and reduction of carbon emissions will bring value to its customers as well. Siemens recognizes that continuing to invest in and adopt more sustainable practices will enable it, not only to remain competitive, but to be a leader in this space.
The preceding Joint Venture Article is PROMOTED CONTENT
European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has signed a binding term sheet with Saudi-based Obeikan Group to jointly develop and operate a lithium hydroxide processing plant in Saudi Arabia through an incorporated 50:50 joint venture.
The processing plant capital investment will be fully funded through the JV, with EUR’s equity contribution expected to be in-kind, subject to a valuation.
Under the agreement, EUR will grant the JV company exclusive purchasing rights to spodumene mined from its Wolfsberg Lithium Project in Austria.
This new agreement marks a significant milestone for the company, as the JV aims to convert lithium concentrate into lithium hydroxide, meeting the specifications of a long-term supply agreement with BMW.
In other developments, EUR expects final SEC approvals for the NASDAQ listing of Critical Metals Corp. by the end of this month.
Plant to strengthen Wolfsberg economics
EUR chairman Tony Sage said the new facility, once operational, is expected to significantly reduce energy costs and deliver savings in opex (operational expenditure), in addition to lower capex (capital expenditure), for operations at the company’s Wolfsberg Lithium Project.
“We are pleased to reach this strategic step in partnering with Obeikan that paves the way for significant Opex savings including greatly reduced energy and financing costs, and a much lower taxation rate,” Sage said.
“We look forward to progressing our plans to harness the latest technology in developing a facility of the highest quality and efficiency, in doing so, strengthen the economics of Wolfsberg and our future projects.”
JV highlights
The 50:50 JV will be geared towards a staged approach to developing, constructing and commissioning a lithium hydroxide processing plant, and operating the plant for the conversion of lithium spodumene concentrate from Wolfsberg.
The proposed JV will seek to have an exclusive right to purchase spodumene mined from the current resource at Wolfsberg (Zone 1), and the facility is expected to be developed to meet the minimum initial capacity and product specifications based on the company’s binding long term supply agreement with BMW.
Subject to the successful commissioning of the plant, EUR will sell the lithium spodumene concentrate to the JV company at a reduced rate with a floor price of US$3,000 per ton and a ceiling price of US$7,000 per ton over the life of the current resource of the Wolfsberg mine.
Should the business combination agreement with Sizzle Acquisition Corp complete, European Lithium has agreed to procure the assignment of its rights and obligations under the JV Term Sheet to Critical Metals Corp (CRML) or one of its wholly owned subsidiaries, subject to approval by the CRML board.
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