Month: April 2024

5 Easy Ways to Improve your ESG Rating

Now, more than ever, ESG has become the most important framework for determining a company's level of sustainability and ethicality. As a result, investors, consumers, and other stakeholders increasingly scrutinise companies based on their ESG performance.

Consequently, a high ESG rating not only signifies a commitment to sustainability but also reflects sound management practices and risk mitigation strategies.

For this reason, it is important that companies adopt sustainable practices to not only improve their ESG ratings but to also make positive impacts in society. With that said, here are 5 easy ways to improve your ESG rating:

•Training:

Empower your workforce with the expertise and knowledge needed to integrate sustainability into every aspect of your operations. By offering training programs, like Redcity's sustainability course, you can enlighten them on various eco-friendly practices. This way, you foster a culture of sustainability and can ensure that employees are actively engaged in driving positive change within the organization.

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•Repurposing:

Repurposing is a great way to not only reduce your environmental footprint but also cut costs. Whether it's finding innovative ways to reuse waste products, like discarded shipping containers or even sawdust and wood ash, or refurbishing equipment instead of purchasing new ones, repurposing is a good way to improve one's ESG rating. Essentially, exploring opportunities to repurpose materials and resources within your business processes helps drive your sustainability efforts.

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•Choose Eco-friendly Solutions:

Another way to improve your ESG rating is by opting for eco-friendly alternatives when procuring supplies or even event materials. Select products and vendors that prioritise sustainable sourcing, production, and packaging practices. For example, when organising or attending events or exhibitions, consider using eco-friendly booths made from recycled materials or renewable resources. By making conscious choices at every stage of your procurement process, you can minimise environmental impact and enhance your ESG performance.

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•Upscaling:

The act of upscaling involves transforming waste materials like metal scraps, cans, plastics, etc. into products of greater quality and value. This helps reduce waste while also giving it a newer and better purpose. Oil drums, for example, can be upscaled to create innovative furniture or equipment. Companies like Quadloop are experts in upscaling and have transformed various electronic waste materials into better yet inexpensive quality products for families and businesses in Africa.

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•Sustainable investing and partnerships:

Align your investment strategies with ESG principles by directing capital towards companies and projects with strong ESG credentials. You can consider integrating ESG criteria into your investment decision-making process or partnerships and actively engaging with portfolio companies to drive positive change. By supporting sustainable initiatives, you not only generate financial returns but also contribute to broader societal and environmental goals. Take Google, for example, who, in their efforts to push sustainable causes, invested in an air testing initiative in Uganda.

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In summary, by implementing these practical steps, you can enhance your ESG rating, strengthen your resilience, and create long-term value for all stakeholders. Upholding sustainability is both a moral and strategic imperative for building a more resilient and inclusive future. This way, you can also become a part of the top-ranked companies in Redcity's Global 500 ESG ranking.

Just like you, we also prioritise sustainability and eco-friendly practices, and a few of our services include repurposing shipping containers, building eco-friendly booths, training, etc. To check out more of our services, visit here. Request a quote, and begin your sustainability journey with us.

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The Top-ranked Companies on Redcity's Global 500 ESG Ranking

In today's corporate landscape, Environmental, Social, and Governance (ESG) criteria have become crucial benchmarks for assessing a company's sustainability and societal impact.

This is because the world is increasingly prioritising ethical practices. As a result, companies are under scrutiny to demonstrate their commitment to ESG principles. This way, companies are not only compelled to reduce their waste, which makes up 25% of the world’s annual waste; they're also made to create suitable labour conditions while adopting proper governance principles.

As a way of highlighting companies already adopting ESG policies and motivating more to do the same, we ranked 500 companies across the globe based on their ESG impact. Here are the top-ranked on our list:

1. Hanwha Corp:

Hanwha is a South Korean conglomerate with operations in a diverse range of industries such as explosives, energy, construction, aerospace, mechatronics, and more. It has been proactive in developing eco-friendly solutions to environmental problems and promoting social welfare. By constructing renewable energy facilities, utilising advanced eco-friendly technology in water treatment, and much more, this multi-industrial conglomerate has undoubtedly succeeded in upholding ESG principles. From renewable energy investments to eco-friendly manufacturing processes, Hanwha is making strides in all ESG dimensions. This is why it continuously received an all-inclusive A rating from KCGS from 2021 to 2023 and also takes the top spot on our list.

2. BYD:

BYD is a Chinese electric vehicle (EV) manufacturer. As a fierce competitor to Tesla, the company is also a leader in sustainable transportation. By ending its production of combustion-powered vehicles to fully focus on electric vehicles in 2022, BYD was able to not only become the world's third largest EV battery producer but also surpass Tesla as the world's top-selling EV manufacturer in 2023. With an ESG score of 67.34 from ESGbook,it's clear that its focus on EVs, energy storage solutions, and green technologies, as well as its commitment to corporate social responsibility, are why it excels in its ESG performance.

3. Ceer:

Operating in Saudi Arabia, Ceer is another EV manufacturer, considered the first of its kind in Saudi Arabia. It focuses on offsetting carbon emissions through its innovative projects. By utilising renewable energy and implementing sustainable practices, Ceer contributes positively to the environment while also improving societal welfare through the creation of new and valuable job opportunities.

4. Tesla:

Well known for its electric vehicles and renewable energy endeavours, this American company remains a frontrunner in ESG rankings. Tesla's innovative technologies, commitment to clean energy, and transparent governance practices have propelled it to the top, despite occasional controversies.

5. Quadrofoil:

Quadrofoil is a Slovenian company that builds electric boats, bringing sustainability to the maritime industry. It uses hydrofoil technology to create futuristic battery-powered watercraft that are noiseless and can seamlessly navigate waters. In this manner, Quadrofoil helps reduce water pollution and reliance on fossil fuels while also promoting eco-tourism and marine conservation efforts, earning it a top spot on our list.

6. Zenrin:

Zenrin is a Japanese map publishing company specialising in digital mapping systems for cars. By partnering with Pioneer to develop excellent navigation systems for EVs to make them more convenient and easier to drive, it helps accelerate the shift to new energy vehicles, thereby reducing carbon emissions and the reliance on fossil fuels. Zenrin's efforts to make EVs a more appealing option as a way of achieving carbon neutrality, as well as its societal contributions, make it a high-ranking ESG company.

7. Tetra Aviation:

Pioneering electric plane models, Tetra Aviation is a Japanese start-up revolutionising air travel with its eVTOL aircraft. Its ESG ranking is elevated by its efforts to promote sustainable aviation, address environmental concerns associated with traditional aircraft, and make air travel more convenient and comfortable.

8. The Catalyst Fund:

The Catalyst Fund is a global VC fund provider and start-up accelerator primarily investing in Africa. It provides venture capital (VC) funds for eco-conscious projects that drive positive social and environmental change. By supporting sustainable businesses and initiatives across the continent, The Catalyst Fund contributes to inclusive growth and development, thereby promoting ESG principles.

9. Triconti ECC:

Triconti ECC is a female-owned company based in the Philippines that focuses on providing clean energy solutions to the country. Established in 2014, the company's ESG efforts are witnessed through its use of wind energy as a renewable power source to not only reduce carbon emissions but also provide cheaper energy alternatives to members of society. To further drive its ESG efforts, Triconti also delivers project development and technical assistance to wind projects within and outside the Philippines.

10. Volocopter:

Similar to Tetra Aviation, this German aircraft manufacturer specialises in designing electric helicopters, or eVTOL aircrafts, as air taxis for urban cities. Volocopter stands at the forefront of urban air mobility innovations, ensuring zero in-flight emissions as well as a silent and safe transport alternative for consumers. Because of this, its ESG ranking reflects contributions to reducing traffic congestion, carbon emissions, and noise pollution in urban environments.

11. JéGO:

Another high-ranking ESG company worth mentioning is JéGO Technologies, Inc. JéGO is the first black-owned autonomous vehicle manufacturer based in the US. Established by Nigerian-born engineer Frederick Akpoghene, the company specialises in developing self-driving pods and buses. JéGO aims to "save lives, drive businesses forward, and empower individuals to embrace clean, shared, and innovative e-mobility opportunities." This way, it addresses both environmental and social needs. Its ESG ranking comes from its provision of clean transportation solutions while connecting consumers to mobile healthcare and other business services with its innovative self-driving technology.

Essentially, the ESG rankings of these companies reflect their efforts to integrate sustainability, social responsibility, and ethical governance into their business practices. While each company has strengths in different areas, a persistent commitment to ESG principles is crucial for long-term success and positive societal impact. Additionally, with constant increases in fines and penalties for ESG violations, adhering to ESG principles is becoming increasingly important.

Learn more about our ESG ranking here and see where you compare. To also learn how you can improve your ESG score, check out this short guide to ESG.

What did you think about the top-ranked companies on Redcity's Global 500 ESG ranking? Comment below.

 

Highlights from Redcity's Sustainability Webinar.

A little over two days ago, Redcity launched its much-anticipated online course on sustainable engineering in Africa. The launch commenced with a webinar held from 10a.m. – 3p.m. on the 5th of April, 2024, and another from 10a.m. – 3p.m. on the 6th of April, 2024.

The purpose of the launch was to introduce participants to the concept of sustainable engineering. This way, more individuals learn about the importance of sustainability and become motivated to participate in more sustainable practices for a greener tomorrow.

Here are a few highlights from Redcity's sustainability webinar.

The founder of Redcity, Morountodun Obaigbo, headed the webinar which centered around the topic "Engineering the Future of Cities in Africa''. It welcomed over 100 participants from all across Africa, surpassing its initial goal of 100 participants.

Key Takeaways to Remember

• Identifying problems with everyone in mind is necessary to developing effective solutions for future cities.

• In sustainable development and innovation, many subcategories of engineering interrelate in developing solutions for future African cities.

In summary, the launch was a success and ultimately received positive feedback. Participants learned the value of sustainability in engineering as well as the various categories and subcategories of engineering involved in sustainable development. They were also introduced to a list of African companies already leading the way in sustainable development. Companies such as:

Redcity

Bboxx

Awa Bike

Quadloop

Arnergy Solar

Solynta Energy

Sistema Bio and much more

Once again, we would like to say a huge thank you to all who took the time to register for our course and join our webinar. We also hope to see many more participants in the coming future.

If you would also like to register for our free course and get certification after completing it, simply click here to get started. We can't wait to have you join!

What interesting fact(s) did you take away from our webinar on engineering sustainable cities in Africa? Comment below.

   

7 African Companies Building a Sustainable Future

Africa's economic landscape is gradually evolving, driven by a new wave of innovation that prioritizes sustainability. Across the continent, a number of visionary companies are reshaping industries by harnessing renewable resources and championing environmentally conscious practices.

From the sun-drenched plains of Kenya to the bustling urban hubs of Nigeria, these enterprises are not only challenging the status quo but also redefining what it means to build a prosperous future. Here, we take a look at 7 of these African companies building a sustainable future for a greener tomorrow.

 

1. Quadloop:

Using electronic waste products, this Nigerian-based company founded by Dozie Igweilo, develops affordable solar lamps and home systems. This way, Quadloop doesn't only help with waste reduction but also creates renewable energy solutions for homes and businesses. Additionally, their innovative and affordable solar products make renewable energy accessible to a wide range of customers, thereby contributing to both economic development and environmental sustainability.

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2. Green Campus Initiative:

The Green Campus Initiative is a Nigerian organization founded by Adenike Akinsemolu. The organization is dedicated to promoting sustainable practices within educational institutions. They work with universities and colleges to implement eco-friendly initiatives such as waste reduction, renewable energy adoption, and environmental education programs. In this manner, they encourage the next generation to adopt more eco-friendly practices, thus ensuring a greener tomorrow.

3. Arnergy Solar:

Arnergy Solar is also a Nigerian-based company. Established by Femi Adeyemo, the company specializes in providing solar energy solutions for businesses and communities. By leveraging Africa's vast solar resources, Arnergy Solar helps minimize reliance on fossil fuels while also expanding access to clean and affordable electricity.

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4. Awa Bike:

Awa Bike, founded by Ifeoluwa Ogundipe, is a Nigerian company reimagining urban transportation with its electric bike-sharing platform. By providing convenient, eco-friendly alternatives to traditional modes of transportation, Awa Bike reduces congestion and air pollution and also eases the stress of commuting. Their innovative approach to mobility promotes sustainable urban development while enhancing accessibility and connectivity for urban residents.

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5. BasiGo:

BasiGo is another company transforming the transportation sector with its development of electric buses. Established by Jit Bhattacharya and Jonathan Green, this Kenyan-based company embraces sustainability and technological advancement. BasiGo's electric buses offer a cleaner and greener alternative to traditional diesel buses. By reducing emissions and promoting renewable energy use in public transportation, BasiGo is helping to build more sustainable and inclusive cities across Africa.

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6. Flexi Biogas Solutions:

Flexi Biogas Solutions is a Kenyan startup founded by Dominic Wanjihia. They design and install biogas systems for households, farms, and small businesses. Biogas technology utilizes organic waste to produce clean cooking gas and fertilizer, offering a renewable energy source while reducing methane emissions from waste decomposition. The company's innovative biogas systems provide an affordable and sustainable energy solution for off-grid communities, helping improve livelihoods and protect the environment.

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7. E-Safiri Charging Ltd.:

E-Safiri Charging Ltd. is another Kenyan startup pioneering electric vehicle (EV) charging infrastructure across the country. As the demand for electric transportation grows, E-Safiri is developing a network of charging stations to encourage the adoption of EVs and reduce reliance on fossil fuels for transportation. This way, E-Safiri contributes to Kenya's efforts to mitigate air pollution and combat climate change while driving economic development in the renewable energy sector.

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Clearly, these seven companies exemplify Africa's potential to lead the way in sustainable development. Through innovation, they don't only address pressing challenges but also create opportunities for inclusive growth and development.

Like these companies, Redcity is also leading the way towards a more sustainable Africa. Through our efforts in sustainable construction, we create affordable yet long-lasting structures that not only help the environment but serve their purpose effectively. Click here to learn more about the services we offer.

What do you think about these 7 African companies building a sustainable future? Comment below.

 

Why Repurposing Shipping Containers Became Popular.

In the world of architecture and design, innovation often stems from unexpected sources. Particularly, one such source that has gained significant attention in recent years is repurposing shipping containers.

What once served as sturdy vessels for transporting goods across the globe now finds new life as trendy homes, offices, cafes, and even art installations. But when did this trend truly take off?

The popularity of repurposed shipping containers can be traced back to the early 2000s. While the concept of converting containers into habitable spaces dates back further, it was during this time that it began to capture mainstream attention. Several factors contributed to why repurposing shipping containers became popular.

1. The Need for More Sustainable Practices:

Firstly, there was a growing awareness of sustainability and eco-friendly practices. Shipping containers, made of durable steel, offered a green alternative to traditional building materials. By repurposing these containers, architects and designers could reduce construction waste and lower their environmental footprint. This appeal to eco-conscious consumers helped propel the trend forward.

2. Its Cost-effectiveness:

Additionally, the affordability of shipping containers played a significant role. Compared to conventional construction methods, repurposing containers often proved more cost-effective, making it an attractive option for individuals and businesses with limited budgets. Moreover, the modular nature of containers allowed for easy customization and scalability, offering endless possibilities for design and layout.

3. The Popularity of Tiny Houses:

The rise of the tiny house movement also contributed to the popularity of repurposed shipping containers. As people sought alternatives to oversized, resource-intensive homes, the compact size of containers provided an ideal solution. These minimalist dwellings offered a simpler, more sustainable way of living, appealing to those looking to downsize and embrace a more minimalist lifestyle.

4. The Versatility of Shipping Containers:

In addition, as the trend gained momentum, examples of innovative container architecture began to emerge worldwide. From sleek urban apartments to cozy countryside retreats, containers showcased their adaptability across various settings. Entrepreneurs recognized the potential of container structures for commercial use, leading to the rise of container-based businesses such as cafes, shops, warehouses, and pop-up stores.

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5. Their Aesthetic Appeal:

Furthermore, the aesthetic appeal of shipping containers played a significant role in their popularity. With their industrial charm and modern aesthetics, containers offered a unique visual appeal that resonated with contemporary design sensibilities. Architects and designers embraced this rugged elegance, incorporating containers into upscale residential and commercial projects.

6. The Media:

The media also contributed significantly to popularizing the trend, with several articles, television series, and social media platforms highlighting the ingenuity of container architecture. This exposure helped fuel public interest and inspire a new wave of container enthusiasts.

Today, the trend of repurposing shipping containers continues to evolve and expand. From innovative housing solutions to creative retail spaces and beyond, containers have cemented their place in the realm of sustainable design. As such, their impact on the way we approach construction and design is undeniable.

Moreover, as the world grapples with environmental challenges and seeks innovative solutions, the humble shipping container emerges as a creative and resourceful solution to the eco-harmful practices in the construction world.

At Redcity, we specialize in transforming shipping containers into remarkable spaces. Discover many of our services here, or request a quote to get started. Allow us to build you a container space that not only suits your needs but also makes you a sustainability advocate.

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