Weekly Briefing EFCG's summary of this week's news across the A/E/C industry |
|
|
|---|
| Bohler Engineering hosted its sixth annual Cornhole for a Cause fundraiser tournament, bringing together more than 200 AEC industry professionals for a fun afternoon of networking and a bracket-style tournament while raising money to support charitable causes. The event raised more than $80,000, nearly doubling its fundraising efforts in prior years, which will be donated to Autism Speaks, an organization that supports advocacy and research for autism. Each year, Bohler leads the event – gathering sponsors, organizing teams, and choosing a charity in which employees are very committed and involved with. |
|
|
|---|
SEC to Crack Down on Misleading ESG Claims with Fund Rules - The US Securities and Exchange Commission is taking its biggest step yet to stop money managers from misleading investors when they claim their funds are focused on environmental, social, or governance issues.
- The agency proposed a slate of new restrictions Wednesday aimed at ensuring ESG funds accurately describe their investments and helping investors better understand the underlying investments in a fund and its overall strategy for addressing climate change or social issues like diversity, equity, and inclusion.
- In one proposed change, the SEC would expand an existing rule to ensure funds labeled ESG invest at least 80% of their assets in a way that lines up with that strategy, while some would also need to disclose the aggregated greenhouse gas emissions of companies they’re invested in.
- Globally, around $2.7 trillion is parked in ESG-labeled exchange-traded funds and mutual funds, fuelling concerns about greenwashing and prompting criticism for having limited real-world impact on large problems such as climate change and income inequality.
|
|
Biden Administration Launches $3.5 Billion Program to Capture Carbon Pollution from the Air - The U.S. Department of Energy (DOE) released a Notice of Intent (NOI) to fund the Bipartisan Infrastructure Law’s $3.5 billion program to capture and store carbon dioxide (CO2) pollution directly from the air as part of the Biden Administration’s efforts of achieving an equitable transition to a net-zero economy by 2050.
- The Regional Direct Air Capture Hubs program will support four large-scale, regional direct air capture hubs that each comprise a network of carbon dioxide removal (CDR) projects to help address the impacts of climate change while also working to create jobs and prioritize community engagement and environmental justice.
- In developing and deploying the four regional direct air capture hubs, DOE will also emphasize environmental justice, community engagement, consent-based siting, equity, workforce development, and domestic supply chains and manufacturing.
|
|
May 25, 2022 TRC Companies, Inc. (TRC), a Connecticut-based consulting, engineering, and construction management firm that provides technology-enabled solutions to the power, infrastructure, environmental, and energy markets, has acquired Draper Aden Associates, Inc. (DAA), a Virginia-based consulting and engineering firm providing engineering, energy related design and mapping services, water and wastewater design services, construction inspection and materials testing, as well as surveying and environmental services across multiple key markets. The acquisition of DAA will expand TRC’s operating footprint across the Mid-Atlantic region and further enhance its engineering and design capabilities. DAA also works closely with major utility companies to support resiliency across their operations, which fits TRC’s focus on Climate Solutions and supporting the energy transformation. |
|
May 26, 2022 Pupil, a United Kingdom-based spatial data company, has acquired Aus-Surv Middle East LLC (ASME), a UAE-based surveying firm specializing in property measurement for high rise and mixed-use development projects across Dubai and Abu Dhabi. The acquisition of ASME will facilitate Pupil’s rapid growth in the Middle East region after the Company expanded into Dubai in 2021, becoming the first business to be granted the status of Certified Surveying Company by the Dubai Land Department for over five years. Through its products, Spec and Stak, Pupil combines proprietary AI and industrial-grade LiDAR scanning hardware to capture millions of points of measurement to document commercial and residential real estate and produce next-generation digital twins of the spaces. Pupil’s software platforms also have the capability to create and sell verified NFTs of properties it captures. It has agreed on a deal to produce NFTs for every unit of a landmark development in Dubai, giving buyers the opportunity to own the unique NFT of their property. |
|
May 27, 2022 RSK Group Ltd (RSK), a United Kingdom-based environmental, engineering, and technical services firm specializing in delivering sustainable solutions, has acquired ADEV Environment, a France-based multidisciplinary environmental consultancy. The acquisition of ADEV Environment will expand RSK’s environmental and sustainable development solutions and further expand RSK’s geographic footprint within France, one of the first European nations that has pledged to be decarbonized by 2050. ADEV is RSK’s 33rd acquisition in the past year, once again affirming its commitment to strengthen and diversify the group. Alan Ryder, Founder and CEO of RSK commented, “In response to the continued global demand for sustainable solutions, RSK has set out become the world’s best solutions provider, helping clients make the progress that is so urgently needed if we are to achieve the UN Sustainable Development Goals. ADEV is an excellent addition to our group, offering services that deliver directly against these goals.” |
|
|
|---|
About EFCG We are uniquely positioned with 30+ years proprietary industry data from 500+ private & public firms. We are proud to be the trusted advisor to the A/E/C industry. |
|
|
|---|
| | | This Week's Briefing by: Clay Han chan@efcg.com |
|
|
|---|
© 2022 Environmental Financial Consulting Group, LLC. All Rights Reserved. |
|
You received this email because you signed up for the updates from Environmental Financial Consulting Group, LLC (EFCG). Click here to unsubscribe |
|
|
|---|
|
|
