From now on, Green beats Gold

Can you envision a green future? With the advent of hydrogen-powered cars, autonomous fleets, and renewable energy to power buildings, this future is very real. And the upcoming Tokyo 2020 Olympic Games will lead the way.

For example, only sustainably sourced timber1 will be used to build the venues, which will be powered 100 percent by renewable energy. The to-be-built 6,000-unit Olympic village will run on hydrogen fuel2, said to be the ‘ultimate clean energy’ as it doesn’t emit carbon dioxide when burnt. Solar roads3 — a system of solar panels with a special resin layer so vehicles can drive over them — will also be built to complement the green focus of the Games.

The 2020 Tokyo Olympic and Paralympic organising committee is also looking to use driverless cars and electric buses to transport athletes and visitors around the city and the Olympic venues.

However, “green” won’t be just limited to power consumption. Tokyo will also be “greening” the gold4 — and silver and bronze. The Tokyo 2020 Medal Project, will collect e-waste (from old and obsolete consumer electronics) to be reborn as medals. The committee is also determined to cut down on food waste and plastic packaging, and will reuse or recycle 99 percent of the items and goods procured for the Games.

There’s still a year to the Tokyo 2020 Olympics, but it looks like everything is on track so far. If successful, it will showcase how large-scale global events can contribute to sustainable practices. Not only that, Tokyo would also lead the way and set an example for other cities around the world to go green(er).

The Tokyo Games is an example of how commitment to sustainable practices can help to preserve our future. Eastspring is similarly committed to sustainable investments. At Eastspring Investments, we integrate environmental, social and governance (ESG) considerations in our investment processes. Read our insights to find out more.

Sources:
1 https://tokyo2020.org/en/games/sustainability/
2 https://www.gasworld.com/tokyo-2020-olympic-games-to-use-hydrogen-fuel-/2016200.article
3 https://www.independent.co.uk/news/world/asia/tokyo-solar-roads-energy-sun-2020-olympics-a8392416.html
4 https://www.teamusa.org/News/2019/February/12/Tokyo-2020-Medal-Project-Successfully-Meets-Its-Targets-To-Create-Medals-Out-Of-Recycled-Metal

This document is produced by Eastspring Investments (Singapore) Limited and issued in:

Singapore and Australia (for wholesale clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore, is exempt from the requirement to hold an Australian financial services licence and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Australian laws.

Hong Kong by Eastspring Investments (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong.


Indonesia by PT Eastspring Investments Indonesia, an investment manager that is licensed, registered and supervised by the Indonesia Financial Services Authority (OJK).


Malaysia by Eastspring Investments Berhad (531241-U).


This document is produced by Eastspring Investments (Singapore) Limited and issued in Thailand by TMB Asset Management Co., Ltd. Investment contains certain risks; investors are advised to carefully study the related information before investing. The past performance of any the fund is not indicative of future performance.


United States of America (for institutional clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is registered with the U.S Securities and Exchange Commission as a registered investment adviser.


European Economic Area (for professional clients only) and Switzerland (for qualified investors only) by Eastspring Investments (Luxembourg) S.A., 26, Boulevard Royal, 2449 Luxembourg, Grand-Duchy of Luxembourg, registered with the Registre de Commerce et des Sociétés (Luxembourg), Register No B 173737.


United Kingdom (for professional clients only) by Eastspring Investments (Luxembourg) S.A. - UK Branch, 10 Lower Thames Street, London EC3R 6AF.


Chile (for institutional clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Chilean laws.


The afore-mentioned entities are hereinafter collectively referred to as Eastspring Investments.


The views and opinions contained herein are those of the author on this page, and may not necessarily represent views expressed or reflected in other Eastspring Investments’ communications. This document is solely for information purposes and does not have any regard to the specific investment objective, financial situation and/or particular needs of any specific persons who may receive this document. This document is not intended as an offer, a solicitation of offer or a recommendation, to deal in shares of securities or any financial instruments. It may not be published, circulated, reproduced or distributed without the prior written consent of Eastspring Investments. Reliance upon information in this posting is at the sole discretion of the reader. Please consult your own professional adviser before investing.


Investment involves risk. Past performance and the predictions, projections, or forecasts on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of Eastspring Investments or any of the funds managed by Eastspring Investments.


Information herein is believed to be reliable at time of publication. Data from third party sources may have been used in the preparation of this material and Eastspring Investments has not independently verified, validated or audited such data. Where lawfully permitted, Eastspring Investments does not warrant its completeness or accuracy and is not responsible for error of facts or opinion nor shall be liable for damages arising out of any person’s reliance upon this information. Any opinion or estimate contained in this document may subject to change without notice.


Eastspring Investments (excluding JV companies) companies are ultimately wholly-owned/indirect subsidiaries/associate of Prudential plc of the United Kingdom. Eastspring Investments companies (including JV’s) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).