PRZOOM - /newswire/ -
Singapore, Singapore, 2011/11/17 - Sindicatum Sustainable Resources Group won this year’s Commodity Business Award for Excellence in Renewable Energy Markets, as well as a Special Commendation in the Commodity Market Policy & Advisory category.
Sindicatum Sustainable Resources Group won this year’s Commodity Business Award for Excellence in Renewable Energy Markets, as well as a Special Commendation in the Commodity Market Policy & Advisory category (commoditybusinessawards.com). The awards were announced and presented at a ceremony at the Cumberland Hotel in London on 16 November 2011.
The Commodity Business Awards shortlisted companies “with specialized talent and an innovative approach to developing renewable energy markets” that showed “motivation and foresight in helping create a sustainable and secure market infrastructure for the future, with consideration given to market efficiency, reliability, transparency and competitiveness.” Consideration was given to companies “that have demonstrated a clear and unambiguous dedication to issues relating to natural resource market efficiency, security, integrity, supply, and sustainability.” Sindicatum competed with major energy firms such as EDF Trading and policy advisory bodies such as the Gold Standard and Point Carbon.
Sindicatum Group CEO, Assaad Razzouk: “We are very proud of having been selected by the judges as winners of the Renewable Energy award, as well as a Special Commendation for the Policy & Advisory award. These awards highlight the quality of our work in renewable energy globally and in the policy area associated with our sector. This recognition is particularly relevant given that country negotiators head off to the 17th Conference of Parties in Durban later this month somewhat depressed because there is little to suggest that a global climate change agreement can be concluded anytime soon; even though international rules have taken 20 years to negotiate and the private sector proves every day, as we have been recognized again to have done, that given long term certainty and the right signals, it is willing and waiting to deliver solutions which save lives because of their impact on global climate change.”
Other awards won by Sindicatum in 2011 include the Renewable Energy and the Carbon Reduction Green Business Awards (greenbusinessawards.com), the Carbon Finance Transaction of the Year award by Environmental Finance (environmental-finance.com) and the Most Progressive Corporate Leader award by the Association for Sustainable & Responsible Investment in Asia or ASrIA, awarded to Assaad Razzouk, Group CEO (asria.org).
About Sindicatum Sustainable Resources Group
Sindicatum (sindicatum.com) develops, operates and finances projects that reduce greenhouse gases in certain industries and produce sustainable resources (clean energy, biogas, biomass, water and physical commodities) and emission reductions and other environmental commodities. Sindicatum provides the in-house expertise and finance required to originate, develop and operate such projects throughout their development and operational lifetime. Sindicatum’s projects fall into four keys sectors: agricultural solutions, municipal waste to energy, coal mine methane and low carbon energy and include the development and operation of 33 fully financed projects worldwide.
The theme of resource scarcity is central to Sindicatum’s strategy. Sindicatum believes that, globally, economic development (and thus increasing demand for resources) will continue to strain natural resources worldwide. Sindicatum’s investment thesis is based on the premise that such macro-trends will have an extremely important influence on the pricing of increasingly scarce resources such as energy, water, agricultural resources and clean air. Consequently Sindicatum’s aim is to produce long term supplies of these sustainable products.
Sindicatum’s investors include three leading US university endowments, five prominent US charitable foundations and global financial institutions representing the commodity, banking, insurance and alternative investment sectors.