Steel production contributes 8% of total global emissions1. So transitioning it to a lower-carbon intensity is critical to address climate change. Currently the steel industry is “not on track” to reduce emissions to be on the International Energy Agency’s Net Zero Emissions by 2050 (NZE) Scenario2. Damian Payiatakis, our Head of Sustainable and Impact Investing,… Continue reading Forging a greener future
One of the major events in 2021 was the COP26, held in Glasgow, Scotland, in late October. The World Resources Institute (WRI) explained that country representatives attended the event intending to develop guidance on the collective assessment of progress towards the Global Goal on Adaptation (GGA), a key component of the Paris Agreement that aims… Continue reading How Gunung Capital CEO puts sustainability agenda at the forefront of an age-old industry
In a significant move signalling a new phase of growth and expansion, PT Gunung Raja Paksi Tbk (GRP) and its affiliated company, PT Gunung Garuda (GRD), announced the completion of the sale process involving a combined 95% stake in its subsidiary, PT Nusantara Baja Profil (NBP), to Yamato Kogyo Corporation (YKC), Siam Yamato Steel (SYS),… Continue reading GRP Completes Investment Partnership in Its Structural Steel Business
Gunung Raja Paksi (GRP), a member of the Gunung Steel Group, is embarking on a transformative journey towards low carbon steel production, recognizing the imperative of shifting the steel industry towards sustainability as a survival strategy. This endeavor encompasses reskilling, renewable energy adoption, and equipment modernization.The key question arises: What is green steel, and why… Continue reading Embracing Low Carbon Steel for Long-Term Survival
In Southeast Asia, around 85% of businesses valued at $1 billion or more are still run by their founder or founding family. But like elsewhere, most family-operated businesses here do not survive the transition to the second generation. Traditionally, family-owned businesses tend to operate in silos. This can lead to a one-track mindset and research… Continue reading How to sustain an Indonesian family business — and the environment
Singapore-based asset management firm Gunung Capital is looking to invest up to $500 million in the coming years to reduce the carbon footprint of the industrial and manufacturing businesses under its management. The firm told the Straits Times that it also plans to help other smaller companies involved in manufacturing or production move towards… Continue reading S’pore’s Gunung Capital to invest $500m to decarbonise assets, invest in transformation services
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