Canadian Manufacturing

Purpose ESG launches to support cleantech businesses

The Company will build a portfolio of investments focused on five key areas: electrification, food tech, hydrogen power, carbon capture, and the circular economy.

January 10, 2022   by CM Staff

VANCOUVER — Purpose ESG Holdings Inc. is an investment issuer building a portfolio of technology companies that support environmental, social, and governance (ESG) outcomes. The Company is announcing its launch and strategic focus.

Purpose ESG will place an emphasis on five key areas of innovation that are not only poised for growth but also are able to drive sustainability:

Electrification: energy storage systems (ESS), EV batteries, battery management systems (BMS), and industrial energy

Food tech: alternative protein, and urban/vertical farming

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Hydrogen power: low-cost production, heavy road transport, and last-mile solutions

Carbon capture: marine/aviation fuels, blue hydrogen/methanol, and CO2 enforced concrete

The circular economy: biodegradable plastics, EV Battery recycling, and waste-to-energy

“We set out to build Purpose ESG with the goal of tackling some of the most important issues facing our world today,” said Young Bann, CEO of Purpose ESG. “The environmental problems we are facing have reached a critical point, and we believe that the key to transforming our world into a more sustainable one is the highly decisive and strategic deployment of capital.”

A February 2021 report from Bloomberg projected that global ESG investment is on track to exceed $53 trillion by 2025. Global climate catastrophes are having a massive impact on the world, and this has spurred widespread interest in the area and the development of new and innovative technologies.

“Our priorities are to contribute to creating a cleaner and a more livable planet while making it easy for investors to participate in the growth of this very important, and fast-growing sector,” added Bann, who spent several decades working closely with leading Korean conglomerates such as Samsung and LG as a management consultant, and also served as CEO for Hyundai Material, a Hyundai Motor Group affiliated company, and a Corporate Executive at GE. “Over the course of my career, I have developed a unique understanding of the operational strategies, and business models that can enable the successful deployment of sustainable alternatives driven by new technologies.”