Mundus Nordic Green News – 13 October, 2020

Stora Enso and Tingstad launch food containers made of extruded fiber

Finland forestry giant Stora Enso has launched environmentally friendly PureFiber takeaway food packaging. The products do not contain plastic or perfluorinated alkyl compounds (PFAS) and are designed to replace plastic food packaging. The food containers are launched together with the wholesale company Tingstad of Sweden. The product range will be expanded to other food and consumer goods applications in the future. 

 

Sweden’s Folksam wants all listed companies to adopt net zero targets

Folksam, one of Sweden's largest pension and insurance companies has adopted a goal that its investments will have net zero emissions by 2050. Folksam Group insures almost every other Swede and manages more than SEK 460 billion for customers' pensions, private savings and insurance. Folksam's CEO Ylva Wessén writes that “only one tenth of the total restart budget from the government goes to climate change. That's not enough. The process must go faster. To meet our own net zero target, we are increasing the pressure on the business community's climate change. Wessen lists a number of concrete actions that Folksam has taken.

 

Israel’s Enlight acquires wind project in Sweden 

Enlight Renewable Energy, listed in Tel Aviv, has completed the transaction to acquire control of the 372MW Björnberget project. Enlight says that the project in central Sweden is one of the largest wind projects in Europe, with 60 planned wind turbines based on Siemens Gamesa new 5.X technology. The total investment in the project is expected to amount to approximately €435-445 million. Enlight's expected share is €130-140 million, assuming debt financing of 45%-50% which is currently being promoted.

 

SunRoof closes a € 2 million seed round

SunRoof, a Swedish-Polish startup that develops solar cell roofs and facades, as well as solutions for smart energy management, has raised €2 million for product development and global expansion. SunRoof's goal is to develop a solar cell roof with a modern design that can replace the traditional roof and produce green energy without having to install solar panels. 

 

3 Danish companies amongst list of carbon laggards pressed to move

An association of 137 institutional investors with USD 20 billion under management has urged 1800 of the world's most CO2-intensive companies to set binding climate targets for themselves. Three Danish companies, Coloplast (medical devices), Norden and DFDS (shipping) are on the list. Both DFDS and Coloplast have acknowledged that they can do more.

 

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