Ethos Asset Management Inc., USA, Announces Sustainability and Net Zero Bonus to Clients Reducing Interest Rates and Confirms Award of $49 Million under Philanthropic Funding Facility in 2021

SAN DIEGO , July 7, 2022 /PRNewswire/ — (Today), ETHOS ASSET MANAGEMENT INC. UNITED STATESannounced in all its financing facilities a reduction of 0.5% in interest rates for financing requests for projects presenting concepts of responsibility preserving the NET ZERO EMISSION objective and overall sustainability.

carlos Santos, CEO of Ethos Asset Management, confirmed as follows:

Historically, the growth potential of economies has always been triggered by the availability of cheap energy, paving the way for mechanization and automation.

The unparalleled growth of economies over the past two centuries globally has piled on issues of global warming, biodiversity, waste dissipation and water use, which require a new approach to address. tackle the causes of unsustainable economic behavior and pave the way for a fair share of wealth for all.

International efforts to mitigate the negative consequences of this development have been focused on the secretariat of the United Nations UNFCCC (United Nations Framework Convention on Climate Change) and on the landmark treaties of the 2015 Paris Agreement and the 1997 Kyoto Protocol.

The goal of the Paris Agreement is to keep the increase in global average temperature this century as close as possible to 1.5 degrees Celsius above pre-industrial levels. The ultimate objective of the three agreements reached under the UNFCCC is to stabilize concentrations of greenhouse gases in the atmosphere at a level that will prevent dangerous human interference with the climate system, within a timeframe that allows ecosystems to adapt naturally and allows sustainable development.

While the overall goals are clear, considerable effort is needed to translate ambitions into rules of conduct controlled by specific parameters and stakeholder accountability. Sustainability cannot be established without changing production paradigms and the pricing of the commons, both of which lead to increased production costs. The concept that investors will follow in the projects will be “NET ZERO EMISSIONS PRODUCTION”, applying not only to manufacturing, agricultural and transport industries, but also to all other sectors of economic activity.

In addition to the reduction and total avoidance of greenhouse gas emissions, cleanup and offsetting project add-ons such as Carbon Capture and Storage (CSS) technologies, synthetic fuels and reforestation will need to be incorporated. within the framework of companies.

Aware of its responsibility, Ethos Asset Management undertakes to contribute to meeting the challenges by promoting projects committed to NET ZERO EMISSIONS PRODUCTION.

As part of its financing facilities, Ethos will grant a reduction of 0.5% in interest rates for financing requests for projects presenting concepts of responsibility preserving the NET ZERO EMISSION objective and overall sustainability.

In addition, ETHOS will preferably approve the financing of projects in an open and responsible manner by committing to respecting sustainable rules of conduct.

Now let’s go to Ethos’ unique philanthropy model.

Many financial companies are increasingly taking a more active role in philanthropic efforts. While there are a number of reasons for this shift, one of the most important is the growing recognition of the role businesses can play in solving social problems. By partnering with charities and other organizations, Ethos helps increase the reach and impact of their giving. Additionally, by aligning their philanthropic efforts with their business goals, they build goodwill and improve their bottom line. As more companies adopt this approach, it is likely that the financial sector will play an increasingly important role in addressing global challenges.

Ethos’ unique philanthropy model circumvents the problems frequently observed in the market, namely the fact that foundations do not allocate funds to their missions and that financial companies do not have the time or the structure to focus on day-to-day social responsibility. . The Philanthropic Funding Mechanism (PFF) began as a standard funding mechanism; however, if the client successfully achieves its economic and social objectives, which could be attested and confirmed by an independent audit, Ethos would convert the funding into a grant which would not require repayment. If a customer wishes to apply for the PFF, they will need to follow the same onboarding and approval process as any other customer. This means that Ethos will assess the submitted projects in the same way as any other project. The facility would ensure that only the “correct” use of funds would qualify for conversion of the facility into a grant, and it would monitor how the funds are spent. The PFF allows Ethos to focus on three key areas, Profit, Values ​​and Culture. This ensures long-term sustainability as opposed to a short-term view and focus exclusively on profit.

Such innovation in the philanthropic world can have a huge impact on the society and economy where Ethos is active, and this is reflected in the $49 million awarded by Ethos in the year 2021. Ethos’ trustworthy reputation as a financial services provider is a direct result of its active participation in the community.

The University of Oxford hosts the University’s first Sustainable Finance Summit. The Oxford Sustainable Finance Summit 2022 will bring together leading researchers Oxford with practitioners, policy makers, regulators and civil society organizations to review and reflect on the latest developments and trends in sustainable finance and investment. The summit will also showcase and critically assess emerging best practices across finance sub-sectors, asset classes and sustainability themes.

Ethos Asset Management Inc., is proud to announce that it is a sponsor of this prestigious event, in line with its commitment to sustainable finance and corporate social responsibility policies.

Join us for two special days at Oxford Wednesday July 20 and Thursday July 21, 2022 for this unique face-to-face conference.

https://osfs2022.net/

About Ethos Asset Management, Inc.:

Ethos Asset Management (Ethos) is an independent US-based company with a global reach in resource mobilization and project financing. Providing financing to government and private projects on all continents and all sectors, Ethos has developed a unique risk modulation model that allows them to provide financing on terms that are not available anywhere in traditional financial markets.

For more information on Ethos, please visit https://wwww.ethosasset.com

contacts:

Ethos United States:

Ethos Asset Management INC. : Press service
[email protected]
+1 858.535.4814

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SOURCE Ethos Asset Management Inc.

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