World Environment Day, which is held on 5 June, started in 1973 and is led by the United Nations Environment Programme. Each year governments, businesses, civil society and more in more than 150 countries raise awareness of environmental action.
This year, Tom Fitzgerald (pictured), co-manager of the EdenTree Green Future Fund, has highlighted three companies leading on environmental preservation.
Alfen
Alfen operates at the heart of the energy transition, providing innovative solutions that enhance the power, efficiency, flexibility, reliability and the environmental footprint of the electricity grid of the future.
The company has more than 80 years of experience in electrical engineering to develop and distribute energy solutions for smart-grid, electric vehicle charging and energy storage end-markets in Europe.
In 2020, the company estimated 1.4 million CO2e emissions were avoided by Alfen charge points that power electric vehicles, while 142,000 households were supplied with renewable energy through Alfen’s smart grid solutions.
Advanced Drainage Systems
ADS is a leading manufacturer of high-performance thermoplastic pipe and associated components, providing innovative solutions to some of the world’s most pressing water management challenges. The company is also the second largest recycler of plastic in North America, purchasing and processing approximately 550 million pounds of recycled plastic every year, keeping it out of landfill and preventing more than 670 million pounds of GHG emissions from being released into the atmosphere.
This is equivalent to removing 70,000 internal combustion engine-powered passenger vehicles off the road. As a dominant market leader, with significant scale advantages relative to its nearest competitor, the company is well positioned to benefit from the rising demand for climate adaption solutions and the long-term shift in the wastewater industry away from traditional, economically and environmentally inferior resources such as concrete and steel (which still represents approximately 60% of the industry).
Veolia Environnement
Veolia is a global leader in resource management, with operations spanning each major global region and a dominant position in European markets. The group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries.
In 2020, the group supplied 95 million people with drinking water and 62 million people with wastewater service. The company also produced approximately 43 million megawatt hours of energy and provided 40 million people with waste collection services, treating 47 million metric tons of waste.
