FIVe - Foundation Industries Ventures’ Post

⚗ 🏗 Antwerp Declaration: Urgent Actions for European Industrial Deal On the 20th of February, 73 industry leaders across 20 sectors presented 'The Antwerp Declaration for a European Industrial Deal' to Belgian Prime Minister Mr Alexander De Croo and EU Commission President Ms Ursula von der Leyen Key points: 🌍 Commitment to Europe's Transformation: **Industry leaders underline the need for urgent actions to ensure Europe's competitiveness, resilience, and sustainability amid economic challenges. 🤝 Concrete Actions Proposed: **Integration of EU Industrial Deal into broader European Strategic agenda. **Streamlining legislation and simplifying State Aid framework. **Transforming Europe into a global leader in low-carbon energy. **Ensuring raw material self-sufficiency and fostering demand for sustainable products. **Nurturing innovation and supporting EU projects. 📝 Diverse Sector Representation: **Signatories include representatives from chemicals, pharmaceuticals, steel, mining, and more. 🏭 Call for Industry Revitalization: **Urgent call to strengthen basic industry sectors and ensure competitiveness and resilience. 🌳 Contribution to Green Transition: **Emphasizes the role of industry in achieving a just transition and implementing the European Green Deal. Cefic's latest industry report for Chemicals reporting the Basic chemicals sectors experiencing double-digit declines, and predictions are still proving dicey due to high energy costs, trade dependencies amidst geopolitical disruptions, Asian production competitivity and weak demand. The Antwerp Declaration signifies a collaborative effort to address challenges and revitalize industrial investment in Europe, marking the beginning of the European Green Deal. Sources in comments Image Source: Cefic website, Credit Thomas Hansenne

European Industrial Deal or The Antwerp Declaration! A wake-up call for EU in 10 simple "commandments": 1️⃣ "Put the Industrial Deal at the core of the new European Strategic Agenda for 2024-2029." The manufacturing sector is with 23,8% of the EU GDP the second most important sector in the EU. 2️⃣ "Include a strong public funding chapter with a Clean Tech Deployment Fund". 3️⃣ "Make Europe a globally competitive provider of energy." 4️⃣ "Focus on the infrastructure Europe needs." Transforming EU manufacturing and industry based on digital, green, and human-friendly approach. It should also include tight connections and collaboration with Universities and Institutes. 5️⃣ "Increase the EU’s raw materials security." Details are part of the EU Green Deal, and it's important Aluminium was in 2023 confirmed as a strategic material in the EU. 6️⃣ "Boost demand for net zero, low carbon and circular products." To efficiently develop and implement the Digital Product Passport framework, the EU should be more pragmatic in Industry 4.0 implementation and speed-up the digital transformation of the manufacturing and industrial sector. 7️⃣ "Leverage, enforce, revive and improve the Single Market." To efficiently build and run the Single Market it's important to achieve a high level of digital transformation in the industry. This will drive flexible and efficient digital value chains, which will be competitive on the global scope. 8️⃣ "Make the innovation framework smarter." Innovation is when technologies, ideas, research, and development hit the market with high-value-added products, services, and new business models. This is where the wealth is being generated for sustainable development and healthy life. 9️⃣ "A new spirit of law-making." Prevent overreporting, ensure coherence, stay tuned to industrial reality, and "give the entrepreneurship wings". 🔟"Ensure the structure allows to achieve results." Set clear goals and metrics, collect data, and make data open, accessible, and transparent. Go step by step, less talk and more do. Make decisions and improvements based on the data. Long story short: After almost exactly 100 years ... "Im Westen nichts Neues" ... let's be part of the solution, not part of the problem. “We are not youth any longer. We don’t want to take the world by storm. We are fleeing. We fly from ourselves. From our life. We were eighteen and had begun to love life and the world; and we had to shoot it to pieces.” ― Erich Maria Remarque, All Quiet on the Western Front, 1928 #manufacturing #digitaltransformation #digitalflowz #industry #EU #future

Are you interested in incorporating nature into financial decisions? Do you have a solution that will enable private investors to invest in nature positive projects? 🌱 Then apply in to Innovate UK and NERC's Unlocking nature positive private investment competition. Open until the 10th April 2024. Your project must focus on one or more of the following themes: - data, tools, models and metrics, including decision making tools 🌷 - environmental monitoring and verification of investments, over time, cost effectively 🍂 - insurance or insurability of projects 🌳 - solutions that help aggregate projects to attract finance 🌻 https://lnkd.in/enrDGnjx #nature #biodiversity #finance #environment #investment #innovation

Over the last two years, I've had the privilege of working closely with regulators and those impacted by them. Witnessing how innovation, purpose, and collaboration can reshape customer perceptions has been inspiring, turning regulators into true 'catalysts for good'. Matthew Bristow and Harry Parsons share their thoughts on how regulators can adapt to safeguard the public, drive economic growth, and reshape perception. https://bit.ly/3NbDXED

An "Industrial Policy" Green Paper is most welcome and provides a framework that ought to re-assure those seeking to invest in the UK. Having a defined and detailed Industrial Policy will assist in promoting and securing long term industrial investment for the next 10 years and beyond in an integrated manner that aligns planning, infrastructure and power to commercial enterprise. A welcome a positive step to getting the inward scaled investment that the country so desperately needs to secure growth and increase productivity.

🌡 New Paper between the Massachusetts Institute of Technology and Clarity AI's Jaime Oliver Huidobro, PhD linked to Carbon Accounting featuring in the Financial Times... 🌡 Main take-homes: 💡 > Third-party assurance of sustainability reports is a costly signal: non-audited companies report 9.5% lower emissions 💡 > But it shows better intentions than SBTi targets: firms that obtain assurance reduce their future carbon intensity by 3.3% 💡 > Implications for Investment Managers (AMs/AOs) #SBTi #NetZero #IIGCC #Article9 🔗 https://lnkd.in/eaH4rBMU

This morning between 3 and 4am I read the UK Government Industrial Strategy Green Paper so you dont have to! (#reptilianbrain #whatageek) Some takeaways from the Green Paper (document for consultation before final strategy) for New Zealand (and before you say - oh its a Labour Govt its not relevant... same same honestly its relevant) An industrial strategy is basically a growth and innovation strategy with important consideration for underlying strucutral factors for growth (power/other infra etc and trade etc). New Zealand hasnt had anything like an industrial strategy for over a decade. Why I like industrial strategies is they are really ambitious, they drive investment, provide direction and are nation building devices. For the UK strategy they are proposing a focus on:  Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional and Business Services. I also think the statement of being pro business is really helpful and centred in place as well as focussed on partnerships so really making clear statements about approach (interestingly pro business doesnt mean anti reg or anti sustainabilty where as in NZ we still cant cope with a both approach because good reg and sustainabilty are pro business IMHO) What the UK has that they are building off - Awesome academics and research - Large trading base - Decarbonisation leader (where they see growth) - Diverse and entreprenurial workforce - Good regulation - London! and some devolved powers that are pretty beastie like Manchester. - Tonnes of FDI But the last few years have been hard and like NZ they have very low investment from business locally and poor productivity. Their low business investment is offset by their FDI we have neither. Their markets, like NZ are not dynamic (new idea adoption, new tech adoption but also moving people and talent to new industries) - the UK govt know a just transition is required here. Basically they are proposing temporary catalytic support for sectors and industries. Big focus on net zero, regionalism and partnership Interestingly they are taking a balanced approach to current strengths plus emerging strengths Again NZ has always struggled with this - "Get off the grass.... no :-)" where its probably lets hang out on the grass and also do other things too. And again the Industrial strategy identifies sectors and technologies - I dont LOVE this approach but I get that people need to be reminded that AI is a thing :-) Ive run out of space! what do you want to know more about? Read the document here: https://lnkd.in/gh8NZHha #innovation #growth #industrialstrategy Hon Judith Collins KC MP Peter Gluckman Hema Sridhar Pam Ford John Lavery etc

Circular Economy Ministerial Advisory Group | Invite for Submission. The Advisory Group welcomes submissions from stakeholders summarising the barriers, trends, and opportunities relevant to each topic in its workplan. Succinct, big picture, solutions-based input with supporting evidence will be most impactful. Want to get involved? More details here. https://lnkd.in/gxutjPHb And while you're making your submission, don't forget to read their interim report that has just been released summarising the preliminary advice of the Advisory Group from 2023. #nationalpolicy #economics #investmentsettings #netzero #builtenvironment #circulareconomy #sustainableinitiatives #innovation

UK businesses to develop a long-term strategy focusing on eight key sectors.

#summerreads: in the new CEPR - Centre for Economic Policy Research discussion paper joint with Stefano Battiston and Maurizio Montone (USE) we develop a science-based technological measure of firms' greenness (which is less prone to #greenwashing). We find that greener tech firms are perceived by investors as better firms, and achieve higher long-run returns, differently from greeness scores based on GHG #emissions or #ESG metrics: https://lnkd.in/d8MVYy-u Finance @ Utrecht University School of Economics WU Institute for Ecological Economics