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LONDON and SAN FRANCISCO, Sept. 14, 2023 /PRNewswire/ — Generation Investment Management, the sustainable investment manager, today published its seventh Sustainability Trends Report, which annually seeks to answer the question of where the world stands in the transition to a low-emissions economy.  This year’s assessment analyses how climate change has moved to the centre of global politics and how rapid shifts in policy are transforming the outlook for the energy transition across the global economy – from the power sector and transportation to buildings, industrials, land use and climate finance.  

Al Gore, Chairman of Generation Investment Management, said: “The last year proved that we have finally mustered political will to take significant steps forward in global efforts to solve the climate crisis. At long-last, we have arrived at a political tipping point, as new ambition from the United States, the European Union, Australia and Brazil, among many other nations has accelerated the implementation of climate solutions in key economies around the world. These are significant signs of progress, but despite reaching this tipping point, we have not yet crossed the threshold that puts us on a path to averting the worst impacts of this crisis.”

“Political progress in the past year has kicked off a global race to the top for climate policy, but we are still far from the finish line. Despite the very welcome progress, soci­ety has still not com­mit­ted itself fully to writ­ing laws, mobi­lis­ing cap­i­tal, revis­ing long­stand­ing prac­tices and build­ing clean machin­ery at the pace required. If we are to achieve the goals of the Paris Agree­ment, emis­sions need to fall sharply every year, and be cut in half by 2030. We have the solutions at hand but remain in a race against time – one that must be fuelled by both friendly competition and collaboration.”


For decades, public policy and private sector commitments have failed to achieve any meaningful reduction in global greenhouse gas emissions. Indeed, emissions are still rising today. But the world finally appears to be nearing the point where emissions will peak and begin to fall. That is likely because many of the clean-energy technologies needed now are growing at a rapid pace, which has accelerated sharply in the past year.

In most cases, it was not the climate crisis alone that prompted this rapid acceleration but rather the ramifications for global energy markets caused by Russia’s attack on Ukraine. The war precipitated the first truly global energy crisis, with soaring prices and fears of supply shortages. For many countries, escaping their addiction to Russian fossil fuels converged perfectly with their ambition to switch to clean energy. That intersection of priorities has led to rapid shifts in policy that are helping to change the pace and outlook of the energy transition.


The acceleration to decarbonise has a clear paradox built in – Western countries are trying to speed-up their transitions while simultaneously replicating the supply chains that exist already in China. As compared to China, no country is spending more on clean energy; no country is moving faster on nuclear power; and no other country can bring to bear the sheer industrial might of China to try to scale up solutions. Yet China is also building more coal-burning power plants than any country in the world, at a pace that has accelerated sharply in the past few years as China copes with power shortages. Global emissions will likely reach their peak and begin to fall only when China finally begins to reduce its use of coal.

How far Western countries will go in trying to decouple their economies from China, partly through the ‘reshoring’ of clean energy manufacturing, is unclear. Consequently, it is unclear to what extent reshoring will slow the energy transition, compared to its maximum achievable pace. While complete decoupling will almost certainly be impossible, policy responses to this challenge will play a critical role in the speed of the global energy transition.


In the United States, the impact of the Inflation Reduction Act (IRA) has been unprecedented. Its policies have precipitated a wave of announcements of new electric vehicle manufacturing sites and clean energy developments. Critically, US states whose leaders have otherwise shunned policies aimed at accelerating the adoption of clean energy have seen much of the benefits of this law through new investment and job creation in the tens of thousands.

The IRA is building a new political constituency for the energy transition which over time could make opposition less tenable. Critically, it shows other countries one example of how broad coalitions can be built in support of the clean-energy economy. For the clean economy to win on a global scale, the political cost of trying to undermine it must become too high.

Other accelerating trends outlined in the report include:

Power: an emissions peak is near, but grid issues pose an increasing challenge

  • Wind and solar power are now supplying 80 percent of new power demand worldwide. The report suggests that we are no more than a few years away from the point where wind and solar begin to supply more than 100 percent of new demand – meaning it will begin to claim market share from fossil fuels for the first time.
  • However, countries need to focus intently on solving the increasingly significant challenge of interconnection queues to enable renewable power to connect to the grid at the speed it needs to. Waiting lists that used to stretch for 18 months are now running for five years, and the situation is getting worse.

Transportation: we have entered the steep part of the curve for the growth of electric cars

  • Sales of electric cars jumped nearly 60 percent last year globally, and on that higher base, another jump of 30 to 35 percent is forecast for this year. Approximately half of all two- and three-wheelers sold worldwide are electric.
  • Shortages and spiking prices for the critical minerals needed to build them, particularly lithium, provide a challenge to the rollout of electric vehicles. Avenues to secure new supply and to ensure respect for human rights and fair treatment of the countries and people that host those mines must be found.

Buildings: we still are not where we need to be, but there is some good news

  • Heat pumps can help us decarbonise buildings – sales soared over 50 percent in Germany last year and they are rising at double digits worldwide. In the United States, sales of heat pumps have now surpassed those of gas furnaces for the first time.
  • We are not making as much progress on fixing the shells of our buildings to improve energy efficiency, and that is critical, so it is clear that new public policy is going to be needed.

Industry: decarbonisation efforts are finally starting to move, though not fast enough

  • We are finally seeing movements in the early stages of industrial decarbonisation, not least with the surge in the development of hydrogen projects worldwide.
  • Clean hydrogen can play an important role in decarbonising the chemicals, steel, aviation and shipping industries. The challenge ahead for governments is to ensure production is scaled and costs fall – and in discerning the end uses where hydrogen does not make economic sense.

Land & Food: some big developments, both good and bad

  • There are major new commitments to protecting forests and the ocean, including a global agreement on biodiversity in which the nations of the world agreed to put 30 percent of the world’s land and ocean resources under legal protection by 2030. The European Union has also adopted a new law that will ban the import of “products of deforestation.”
  • New revelations have rightly heightened negative attention on carbon offsets used by corporations and individuals. Efforts are under way to clean up the carbon offsets market, but it could prove challenging.

Financing the Transition: some attempts to solve the biggest problem

  • The International Energy Agency estimates the world will need to mobilise nearly $5 trillion per year by the 2030s to decarbonise the world economy. The magnitude of change presents an opportunity for investors unlike any other in the history of financial markets. Though capital flows have been scaling rapidly, they are still not large enough, and are not adequately targeting the hard to abate sectors and the Global South.
  • Just Energy Transition Partnerships, involving the World Bank and big donor countries, are helping developing nations including India, Indonesia, Senegal, South Africa and Vietnam secure financing for new energy infrastructure. But these deals may be too slow and too piecemeal to achieve real change. We need an ambitious global plan to speed-up the transition in developing countries.
  • Stewards of capital must play a leading role to achieve a low-emissions economy. The investment industry should adopt a new framework for capital allocation that expands what capital markets value.

Media Contact
Richard Campbell
Kekst CNC
[email protected]
+44 (0) 7775 784 933

About Generation Investment Management

Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a US presence in San Francisco, with more than $44 billion of assets under management and supervision.1 For further information, please visit

1 Assets under management as at 30 June 2023 are $34.0 billion and assets under supervision (AUS) as at 31 March 2023 are $10.9 billion.



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PTI Secures €1.2 Billion Multi-Jurisdiction Transaction




NEW YORK, Sept. 28, 2023 /PRNewswire/ — Phoenix Tower International, LLC (“PTI”), through its Spanish subsidiary (PTI Iberica V, S.A.) announced today that it has closed a new €1.2 billion senior credit facility in Europe to consolidate its existing loans and provide substantial additional capacity to support further growth both in existing and new markets in Europe. 

The transaction comprised of the following senior secured facilities: (i) a €700 million term loan, (ii) a €400 million delayed draw term loan, (iii) a €50 million revolving credit facility, and (iv) a €50 million debt service reserve facility, all of which are due in September 2030 (7 years). Proceeds from the facilities will be used to: (i) repay existing indebtedness including related fees and expenses,  (ii) fund capital expenditure requirements and acquisitions, including the recent acquisition of the French portfolio of wireless tower assets from Cellnex (1,226 sites hosting SFR), and (iii) fund working capital requirements.

“The multi-jurisdiction loan provides PTI with the flexibility to continue to grow our business across Europe with incremental liquidity available at our disposal. The financing will allow us to strengthen our commitment to the region, as we continue to construct and invest in digital infrastructure in markets that are experiencing a rising demand for connectivity and technological upgrades. We are excited to continue to expand our presence in Europe and deliver value-add infrastructure solutions to our customers”, said Dagan Kasavana, Chief Executive Officer of PTI.

“By providing a flexible financing covering multiple jurisdictions, PTI was able to simplify its capital structure, reduce pricing, and access incremental funds to support future growth. Raising €1.2 billion in the current market environment speaks to the strength of PTI’s business model and underscores the lender community’s appetite to support the expansion of digital connectivity. We are pleased to partner with such a strong lender group in this landmark transaction”, said Michael Bremer, Chief Financial Officer of PTI.

Natixis Corporate & Investment Banking (“Natixis”) acted as Structuring Bank. Natixis and Deutsche Bank AG acted as Lead Bookrunners and Mandated Lead Arrangers, ABN AMRO Bank N.V., ING Bank N.V., and Scotiabank (Ireland) Designated Activity Company acted as Mandated Lead Arrangers and Bookrunners, BNP Paribas and MUFG Bank acted as Mandated Lead Arrangers, and Citibank Europe PLC Dublin, Mizuho Bank Europe, and Toronto Dominion Bank acted as Participants. Natixis also acted as Facility Agent, Security Agent and Financial Modelling Bank, while ING Bank N.V. has been appointed as Sustainability Coordinator.

Freshfields Bruckhaus Deringer acted as external legal counsel of the company, and Allen & Overy acted as external legal counsel of the lenders.

About PTI

PTI, through its subsidiaries, owns and operates over 22,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in several countries including France, Italy, Ireland, Malta and Cyprus.

PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit

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BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.




BEND, Ore, Sept. 28, 2023 /PRNewswire/ — BranchOut Foods Inc. (NASDAQ: BOF), the global trailblazer in GentleDried natural snacks and superfood ingredients, is proud to announce a significant expansion of its partnership with EnWave Corporation (TSX-V: ENW | FSE: E4U). BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave. Under the terms of the new Equipment Purchase Agreement (the “Agreement”), the 120kW REV™ machine is slated for delivery to BranchOut in late calendar 2024 and will add an additional $15mm in estimated topline capacity.

Eric Healy, CEO of BranchOut Food Inc., emphasized, “We are confident that this increased capacity will align perfectly with our growth trajectory, especially in light of our recent commitments from major retailers and the substantial sales pipeline we have established.”

Enwave’s Radiant Energy Vacuum (REV™) technology and associated patent portfolio was previously licensed to BranchOut along with exclusivity for its original core products. Under the new Agreement, the product exclusives have been significantly expanded to encompass the new and innovative products BranchOut has recently developed and will be launching in the very near future.

About BranchOut Food Inc.: BranchOut is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by their licensed dehydration technology. BranchOut Food is a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit

About EnWave: EnWave Corporation stands as a global leader in vacuum microwave dehydration innovation and application. Operating from its headquarters in Vancouver, BC, EnWave boasts an impressive intellectual property portfolio and has refined its Radiant Energy Vacuum (REV™) technology into a proven, consistent, and scalable drying solution. This revolutionary technology outperforms traditional drying methods in terms of efficiency, capacity, product quality, and cost.

Media Contact:

BranchOut Food Inc. 
Email: [email protected]

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SIGMA Financial AI unveils Akili-AI: Cutting-Edge, AI-based, no-code suite of tools for traders




– Augments trader’s interactions and transforms decision-making capabilities

– Handles the full extent of structured to unstructured financial data

– Mitigates portfolio exposure risk and accelerates speed to market

LONDON, Sept. 28, 2023 /PRNewswire/ — SIGMA Financial AI, an innovator in developing AI-driven trading solutions, launches Akili-AI*, a sophisticated suite of enterprise-ready trading strategy tools. Akili-AI is a cutting-edge, no-code solution enabling data-driven insights to support the specialist needs of the global financial services trading community.

Akili-AI incorporates machine learning (ML) and natural language processing (NLP) to deliver agile tools which are more intelligent, faster and easier to use, enabling traders to create strategies at a scale and speed unachievable without AI support. Completely asset-class and instrument-agnostic, the Akili-AI system streams real-time trading data, allowing users to screen, test and design complex trading strategies promptly. 

Their SaaS-based Pattern matching platform (Patterns as a Service) helps traders monitor thousands of instruments in real-time, scanning charts for momentum changes, technical signals, support, and resistance zones. The NLP research function supports fundamental and technical qualifications from thousands of news, social media and traders’ data. Akili-AI’s flexible modular architecture, built using modern protocols, is cloud-based and scales to support the largest trading enterprises.

Andy Simpson, Co-founder and CEO, commented, “Traders are having to cope with a constant squeeze on their book; this, combined with a huge increase in data volumes, has created the need for transformative solutions which can help them find an edge. They need the ability to find new liquidity fast, enhance their trade execution capabilities, and reduce portfolio risk; Akili-AI can deliver all this at a lower cost point and faster than ever.”

“Akili-AI transforms market interaction and improves productivity by liberating traders from the constraints imposed by long-established, outdated working practices and legacy technology infrastructures. Accelerated speed to market is crucial in an industry where every second counts. Our mission is to provide AI-based solutions which enhance the human experience – not replace them – helping to generate more revenue and increased profitability,” Andy continued.

Rob Maunder, Co-founder and Chief Commercial Officer, said, “Our pioneering and creative team is an unusual blend of deep financial services experience, phenomenal engineering and world-class AI technologists who bring an unrivalled track record of developing new platforms at pace. We break the mould by delivering incredible engineering of low-latency, highly scalable systems drawing on more than a decade of generative AI experience in the social media and music industries.”

Andy concluded, “Akili-AI is the start of a refreshingly different journey of technological change; watch this space. There is much more to come.”

Akili-Ai will be showcased in the Innovators Pavilion at the FIA’s Futures and Options Expo on October 2-3, 2023 at the Sheraton Grand Chicago Riverwalk.

*Akili is the Swahili word for intelligence.

About SIGMA Financial AI:

We provide traders with a set of tools that are faster, smarter and easier to use. Our AI machine learning product suite unlocks trading opportunities through real-time analytics underpinned by world-leading, scalable, ultra-low latency architecture.

Note to Editors: For more information about SIGMA Financial AI, please visit

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