A company that has the ambition to initiate change, needs to have that ambition reflected in everything. From its founding in 2013, FinCo Fuel has ensured that the sustainability of the energy market has become more firmly anchored in the organization's DNA and strategy every year. Not only by continuously greening our own processes and adapting them to the new times, but also by investing in cleaner fuels, which also allows our customers to reduce their CO2 emissions.
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Last summer, we further elaborated on our sustainability goals based on the Sustainable Development Goals (SDGs), as established by the United Nations (see box). And recently we took another step: we also incorporated our sustainability ambitions in our new financing. With this, FinCo Fuel Group wants to underline its own role as a frontrunner in the energy transition.
'We are the first sustainable fuels company to be certified at level 3 of the CO2 Performance Ladder,' says Nicolai Knop, Group Finance & Treasury Manager of FinCo Fuel. 'With this certification we map our own CO2 footprint and continuously work on reducing the emissions of our own organization and processes. We also work with our customers to reduce CO2 emissions with new, advanced (bio) fuels. Our new credit facility is directly linked to our sustainability ambitions. The interest surcharge depends on the extent to which we achieve our goals.'
As a major player, FinCo Fuel can make a major contribution to the transition to low-carbon fuels. The refinancing is an essential and necessary step forward. 'With the presentation of the European Commission's Fit for 55 package and the COP26 climate conference in Glasgow, 2021 is a crucial year in the fight against climate change and the acceleration the world needs to make now towards a sustainable future,' says Hans Wouda, CFO of FinCo Fuel. 'FinCo Fuel is fully committed to the role of frontrunner in the energy transition. The confidence of our banks in our strategy and ambitions is essential for this.'
In 2015, the United Nations established the SDGs. Globally, these should lead to a better and more sustainable 2030. There are 17 goals and 169 targets to achieve them. The various member states themselves have to ensure that these are translated into national policies. FinCo Fuel Group has committed to four SDGs:
A fuel and CO2 saving of 14% - which ship charterer doesn't want that? Peterson Energy Logistics and Gulf Bunkering, both established in Den Helder, entered into a lucrative partnership. The results exceed all expectations.
At FinCo Fuel, we are always looking for better. Better raw materials, better conversion technologies that result in fuels with even greater CO2 savings. That is an ongoing quest, in which we gather knowledge and experience with various advanced products that can be blended. For example, we recently carried out a test in our FinCo Fuel distribution system on the blending of a new bio-product: bio-methanol.
A company that has the ambition to initiate change, needs to have that ambition reflected in everything. From its founding in 2013, FinCo Fuel has ensured that the sustainability of the energy market has become more firmly anchored in the organization's DNA and strategy every year. Not only by continuously greening our own processes and adapting them to the new times, but also by investing in cleaner fuels, which also allows our customers to reduce their CO2 emissions.
African Clean Energy (ACE) recently won the EY Social Impact Entrepreneur of the Year Award, an award for successful and innovative initiatives that help make the world a more beautiful and better place. It was a wonderful reward for what ACE has been doing for ten years: ensuring that the world’s poorest households have access to clean energy supplies. The family business has already sold more than 70,000 units of the ACE One: a hybrid stove that burns biomass in a clean way by means of a fan that runs on solar energy. Users no longer need to cook on an open fire, which is beneficial to both their health and air quality. And as well as cooking their food on it, they can also charge their mobile phones with it. What’s more, the ACE One ensures a significant reduction in CO2 emissions.