Buildings and construction account for almost 40% of global energy- and process-related carbon dioxide emissions, so how we build has a big impact on the environment.
Thankfully, the Canadian-based WSP Global, Inc., a holding in the Green Century MSCI Index International Fund, is engineering sustainable solutions to make buildings greener and cleaner.
WSP’s renovation of the Science Gallery London building at King’s College, originally a wing in a historic 18th century hospital, saves 47 tons of carbon dioxide per year from being emitted into the atmosphere. This equates to taking 10 cars off the road every year.
WSP added new high-efficiency, motion-detection lighting that dims or brightens depending on the amount of sunlight in the room and cuts carbon emissions by about 10 tons annually. The retrofit also added insulation made from recycled materials, increasing energy efficiency by 19%. Finally, the old inefficient heating system was replaced with a new system that can recapture heat energy that would otherwise be wasted.
This year, WSP, which consistently helps clients achieve the highest third-party green building certifications such as LEED, BREEAM, and Green Star ratings, became the first service firm in the Americas to secure sustainability-linked terms for its syndicated credit facility. This means it will be cheaper for WSP to secure loans if it meets sustainability targets and more expensive to secure loans if WSP fails to meet those targets.
The Green Century MSCI Index International Fund is the first fossil fuel free, responsible, and diversified international index fund available to U.S. investors. It currently invests in companies with excellent environmental, social, and governance performance in 22 countries, including Canada.
°Green Century Capital Management, Inc. (Green Century) is the investment advisor to the Green Century Funds (the Funds).
*As of September 30, 2020, WSP Global, Inc. comprised 0.00%, 0.00%, and 0.18% of the Green Century Balanced Fund, the Green Century Equity Fund, and the Green Century MSCI International Index Fund, respectively. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or the distributor.
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