Clean Planet Energy, the division of Clean Planet Group focused on building infrastructure for the sustainable use of waste plastics, has announced a critical milestone in their journey to sustainability – becoming aligned with Article 9 of the Sustainable Finance Disclosure Regulation (SFDR).
Designed to integrate sustainability considerations into investment decisions, SFDR requires financial market participants to provide key information relating to their economic activities. Article 9 funds (“dark green”) are required to disclose the percentage of their activities which significantly contribute to environmental and sustainability objectives, such as clean air, efficient water use & protection, pollution control, fostering a circular economy, and preserving biodiversity & ecosystems.
At Clean Planet Group, the commitment to clean air and sustainability has driven the alignment to the EU Taxonomy and SFDR. This is manifested in the various operations and practices designed to promote environmental sustainability and decrease greenhouse gas (GHG) emissions in the Clean Planet ecoPlants.
Dr. Andrew Odjo, CTO of Clean Planet Energy (and CEO of the Technologies division), commented: “Our mission is to develop new technologies to expedite the sustainable use of plastics and reduction of carbon emissions. Aligning our practices with EU Taxonomy criteria solidifies our commitment and demonstrates the effectiveness of our efforts.”
The industrial processes within the ecoPlants have been confirmed as designed to be aligned with the EU’s Taxonomy’s Technical Screening Criteria under section 3.6 of Annex 1. These technologies are geared towards substantial life-cycle GHG emission savings compared to other market alternatives. The calculations were independently verified by a third party, Catalyst.
Dr. Odjo added: “We’re committed to promoting a circular economy within our operations, minimizing our environmental footprint while maximizing efficiency. In terms of resource management, our approach is informed by sustainable use and protection of water and marine resources.”
The EU Taxonomy technical screening criteria focus on reducing greenhouse gas emissions and actively contributing to climate change mitigation. Clean Planet’s processes and products are designed to produce low-carbon fuels that are not only superior alternatives to traditional fossil fuels but also significantly lower in GHG emissions throughout their lifecycle.
The commitment to sustainability is also mirrored in the ecoPlants’ building infrastructure, which has been designed and built to meet the stringent criteria of the EU Taxonomy for sustainable construction.
Eoin Leonard (CEO) from Catalyst commented: “The journey towards aligning with the EU Taxonomy so that this product can sit within an Article 9 fund has been rigorously reviewed and audited by independent ESG consultancy, Catalyst. Clean Planet Group’s commitment to the principles laid down in the EU Taxonomy is evident. Their robust procedures and focus on implementation speak volumes about their determination to advance environmental sustainability.”
Dr. Odjo concluded: “This validation is not just a testament to our efforts, but also an affirmation of our core values. At Clean Planet Energy, and across the entire group of Technologies and our Foundation, we are driven by the belief that business growth and environmental sustainability must go hand-in-hand.”
Clean Planet Energy, a division of Clean Planet Group focused on building infrastructure for the sustainable use of waste plastics, have announced they have become aligned with Article 9 of the Sustainable Finance Disclosure Regulation (SFDR).
The EU Taxonomy and SFDR, adopted by the European Union, are designed to integrate sustainability considerations into investment decisions. Article 9 funds require investors to concentrate on the broader environmental impact of financial products, emphasising clean air, efficient water use & protection, pollution control, fostering a circular economy, and preserving biodiversity & ecosystems.
Clean Planet Group have demonstrated their commitment to sustainability through the operations and practices implemented to promote environmental sustainability and decrease greenhouse gas (GHG) emissions in the Clean Planet ecoPlants.
Dr. Andrew Odjo, CTO of Clean Planet Energy (and CEO of the Technologies division), said: “Our mission is to develop new technologies to expedite the sustainable use of plastics and reduction of carbon emissions. Aligning our practices with EU Taxonomy criteria solidifies our commitment and demonstrates the effectiveness of our efforts.”
The industrial processes within the ecoPlants are designed to produce low-carbon fuels which are significantly lower in GHG emissions throughout their lifecycle, and the building infrastructure has been designed and built to meet the stringent criteria of the EU Taxonomy for sustainable construction.
Eoin Leonard (CEO) from Catalyst commented: “Clean Planet Group’s commitment to the principles laid down in the EU Taxonomy is evident. Their robust procedures and focus on implementation speak volumes about their determination to advance environmental sustainability.”
Dr. Odjo concluded: “This validation is not just a testament to our efforts, but also an affirmation of our core values. At Clean Planet
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.