Sweden’s AP7 has nearly doubled the size of a “green impact” mandate awarded to Impax in 2018, with a spokesperson at the asset manager saying it reflected a reallocation following “positive experience” since the initial investment.The initial mandate was for SEK758m (€73.5m) and has been increased to SEK1.4bn.According to Impax, a key aspect of its mandate was for it to contribute as a strategic partner to AP7’s “green impact objective”. AP7 has an ambition to make a difference when it comes to sustainability, and awarding the impact mandate was one step towards that. Senior portfolio manager Hans Löfgreen indicated Impax had been delivering on expectations. “AP7 has the stated ambition to develop, together with managers, methods to measure the sustainability benefits of investments,” he said in a statement. “We have been able to successfully partner with Impax to develop metrics and methodologies that measure the real-world impact of its investments.”A spokesman for AP7 added that Impax had performed well “both financially and on the impact work”. Lisa Beauvilain, head of sustainability and ESG at Impax, said the asset manager would “further development the measurement of the environmental impact of AP7’s green impact mandate with the two organisations becoming dialogue partners”.The money that AP7 has allocated to Impax is to invest via the asset manager’s “Leaders” strategy, which invests in companies that derive more than 20% of their underlying revenue from sales of environmental products or services in the energy efficiency, renewable energy, water, waste and sustainable food and agriculture markets.Looking for IPE’s latest magazine? Read the digital edition here.
Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (2) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +2 Vote up Vote down Caldwell fan · 312 weeks ago Way to go Chad! Caldwell is proud of you. Best wishes and good luck! Report Reply 0 replies · active 312 weeks ago 0 Vote up Vote down Kurt Tarter · 37 weeks ago Chad May has not paid my company $14,827.00 that he has owed since September and I had to file a suit against him today. Hopefully he will pay soon……. Report Reply 0 replies · active 37 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. 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Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Edgerley Family Dean of the College of Business Administration Ali Malekzadeh; co-owner of MeltPoint Environmental Brad Hall; founder of MeltPoint Environmental Chad May; and Kansas State University President Kirk Schulz with the check Hall and May received for winning top prize in the university’s Launch a Business program.Submitted to Sumner Newscow â€”Â MeltPoint Environmental, a start-up business from Caldwell, Tuesday won $50,000 in cash and in-kind prizes in the final round of Kansas State Universityâ€™s first Launch a Business program, according to an article in the Wichita Business Journal.MeltPoint, a business of CMB Holdings LLC, was one of 10 businesses that received intensive, one-on-one mentorship through the College of Business Administrationâ€™s LAB program. The five-week program culminated Tuesday in a launch party at the KSU Alumni Association where each business owner set up a table to explain their startup or expansion plans to attendees.Attendees then voted on their favorite business, and the top three vote-getters made a presentation to a board of judges, which selected the final winner. The top three were Meltpoint, NMotion UAS and Veriquik Consulting & Services.Meltpoint will receive $5,000 in cash, along with professional website and social media design services and other prizes.“This has been a great experience,â€ said Chad May, CEO of Meltpoint and developer of the proprietary machine on which the companyâ€™s business is based. May, along with Brad Hall, a managing member of CMB Holdings, said MeltPoint is in the fund-raising stage of launching the company and the prizes will help as they make their commercial launch.The MeltPoint Surgical Bluewrap Recovery Machine was designed by May to reduce landfill waste and save money for hospitals, May explained to a group gathered around his table. Hospitals use a thick blue material, called surgical blue wrap, to cover instruments after they have been sterilized. Likening the material to wrapping paper, that comes nice and neat on a roll but manages to morph into bags of trash on Christmas morning, May said the wadded-up blue wrap take a tremendous amount of space in hospital compactors and eventually in landfills.“It makes up 30 to 50 percent of OR (operating room) waste by volume,â€ he said, and hospital compactors only decrease that volume by two to one.MeltPointâ€™s machine uses thermal densification â€“ a process of heating plastics such as polypropylene â€“ to reduce the size much further.A prototype of the machine was put into a Wichita hospital for testing, and May said a final version is expected within three to four months.Although they may not have won the big prize, the other nine participating business people received extensive business training over the five-week program.Niklas Hinson, from Goddard, Kansas and a recent KSU graduate in mechanical engineering, participated in LAB as part of Impact Engineering, which he described as a “think tank that cranks out thoughtful products that have a positive impact on society.â€“Weâ€™re engineers,â€ he announced, as if that explained why he needed LAB. “We have almost zero business sense. Itâ€™s been absolutely fantastic to sit through this business accelerator and get intense, compact business lessons.â€Along with his work at Impact, which has developed a smart phone vehicle monitoring and improved driving safety device (it turns off texting when the user is in the car), Hinson also was part of developing a separate product for another LAB company, Radiation Detection Tech.That product was chosen this week as one of R&D Magazineâ€™s top 100 newly developed technologies.Â Click here to see a separate article about that award.Over the next few weeks, BizManhattan will talk to the LAB businesses about the challenges involved in start-ups, what they took away from the LAB program and where they are in the process of launching their products.The LAB program is a new offering from K-Stateâ€™s business college and was run by Chad Jackson, director of the Center for the Advancement of Entrepreneurship. The businesses were selected from statewide applicants and received training, mentorship and help from business students during the program. It was sponsored by KS State Bank, GTM Sportswear, Rocking M Radio, NetStandard and CivicPlus. read more