BAC Partners with Poseidon to Become the First Car Manufacturer to Go ‘Climate Positive’
Briggs Automotive Company (BAC) based in Liverpool has become the first car manufacturer in the world to go ‘climate positive’, setting a new industry standard for climate action. Becoming climate positive means that BAC will contribute to the removal of more carbon dioxide from the atmosphere than it emits.
To deliver on its commitment to protect the environment, the maker of the world-famous Mono supercar has partnered with the Poseidon Foundation. Poseidon gives individuals, organisations and governments the opportunity to rebalance their carbon footprint by supporting forestry conservation projects around the world using blockchain technology.
As the manufacturer of the world’s only single-seater, road-legal supercar used primarily to enjoy the sport of driving in its purest form, BAC is conscious of its environmental impact; and it will be taking measures to ensure current and future customers are offered the opportunity to do their bit for the environment.
With immediate effect, BAC will rebalance the climate impact of its operations; namely the production and distribution of the Mono supercar worldwide. Whenever a BAC customer completes a transaction – from purchasing to servicing a Mono – they will be offered the opportunity to make an additional contribution through Poseidon’s platform which goes directly towards forest conservation. It is BAC’s aim to drive behavioural change in the automotive sector by engaging its customers in climate action.
With the help of Poseidon, BAC will contribute to forest conservation projects around the world. One such project lies in Peru’s Cordillera Azul National Park, which is home to 6,000 plant species, 11 endangered large mammals, and where the average tree is over 400 years old. Efforts to conserve forests are incredibly effective because trees act as carbon sponges, providing a natural solution to climate change.
BAC is no stranger to technological world-firsts – having developed the first hybrid carbon-composite wheels and body panels made from innovative material graphene. The partnership with Poseidon sees BAC lead the car industry on an environmental level, too.
Ian Briggs, BAC Co-Founder and Design Director, said: “We are absolutely delighted to team up with Poseidon and take this important step towards becoming a climate-positive manufacturer. We already implement measures that reduce our carbon footprint; through our UK-based supply chain, using lighter weight materials and a higher grade of material in a more efficient way – and working with Poseidon will allow us to protect the environment even more.
“At BAC, we are totally committed to embracing new technology and are devoted to designing and developing more and more carbon-friendly products as technological advancements are made. As time goes on, BAC will work towards producing climate-positive products and setting further environmental examples in the automotive world.”
Laszlo Giricz, Founder and CEO of Poseidon, added: “We are thrilled to be partnering with BAC who, like us, believe that innovation is key to changing the world. If we don’t do more to change global behaviours, we will exceed the 1.5°C limit set by the Paris agreement by 2027. It is imperative that we work together to address humanity’s carbon impact and put a halt to climate change.”
Mayor of Liverpool Joe Anderson, who is leading a programme to cut the city’s carbon emissions by 35% by 2020, said: “I’m delighted that BAC is leading the way by using this cutting-edge technology. I’ve no doubt this approach will have a revolutionary impact on the motor industry and once again underlines Liverpool’s fabulously rich track record for innovation and its position as one of the UK’s most progressive cities in tackling climate change. We are wholly committed to supporting private companies that are making a real environmental difference and hope this innovative partnership between BAC and Poseidon is the first of many such projects in the region.”
Notes to Editors
Bespoke supercar manufacturer BAC (Briggs Automotive Company) is based in Liverpool and was co-founded by brothers Ian and Neill Briggs. It produces the fast and highly acclaimed Mono supercar, a single-seater formula-style car that provides a visceral and exhilarating driving experience.
Since its launch in 2011 it has been going from strength to strength and is now sold in several markets around the world. It launched with great success and fanfare in Hong Kong at the end of 2015, with eight cars sold in a single night. BAC dealers can also be found in North America, Japan and London.
The 2016 model year version of the Mono comes with a four-cylinder 305bhp 2.5-litre Mountune engine, which takes the 580kg car from 0-60mph in just 2.8sec.
BAC recently launched a carbon hybrid wheel and announced the use of super material graphene, which is up to 20 per cent lighter than carbon fibre and as much as 200 times stronger than steel.
Despite its global appeal, BAC Mono remains proudly British, with parts sourced from its home country wherever possible.
Poseidon is a non-profit foundation that empowers everyone to rebalance their climate impact with a breakthrough approach. Using blockchain technology, it, for example, integrates carbon markets into transactions at the point-of-sale, giving consumers the opportunity to rebalance the climate impact of their lifestyle choices by supporting forestry conservation projects around the world when they buy everyday items. With a comprehensive offering for individuals, organisations and governments, Poseidon will transform people’s relationship to their carbon footprint, encourage vital behaviour change and unlock the considerable growth potential of carbon markets to effectively address climate change.
To find out more about Poseidon – www.poseidon.eco
Hawthorn Advisors for Poseidon Foundation
Edward Jones-Davies, +44 (0) 20 3745 4977
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Piraeus Bank Presents the Principles for Responsible Banking with the Governor of the Bank of Greece16.1.2019 18:21 | Pressemelding
The Principles for Responsible Banking were presented today for the first time in Greece at an event organized by Piraeus Bank with Mr. Yannis Stournaras, the Governor of the Bank of Greece, as the keynote speaker. The event was organised as part of Piraeus Bank’s commitment to the United Nations Environment Programme Finance Initiative (UNEP FI). Piraeus is the only Greek bank to be a member of the global initiative, which includes twenty-eight banks from around the world, representing over USD 17 trillion in combined assets. Mr. Yannis Stournaras, the Governor of Bank of Greece, highlighted in his speech that the Bank of Greece fully supports the Principles for Responsible Banking and urges all of the banks to endorse the Principles and set ambitious targets. The Bank of Greece was one of the first central banks to become involved with the climate change issue, establishing the Climate Change Impacts Study Committee in 2009 and investing in one of the most significant Sustainable Dev
Arrowgrass Has Agreed to an Extension of Its Irrevocable Undertaking Regarding Its Holdings in Basware Corporation16.1.2019 17:30 | Pressemelding
The investment funds of Arrowgrass Capital Partners LLP (“Arrowgrass”) hold, directly and indirectly, over 24 per cent of all shares and votes in Basware Corporation (“Basware”), a Finnish listed company providing networked source-to-pay solutions and e-invoicing services. Arrowgrass refers to the announcements made by Basware on 16 November 2018, 20 November 2018 and 7 December 2018 with regard to a possible tender offer by Tradeshift Holdings Inc. (“Tradeshift”) for Basware. Arrowgrass announces that it has agreed, under certain conditions, to extend an irrevocable undertaking with Tradeshift to accept a tender offer by Tradeshift for Basware, should Tradeshift publicly announce its tender offer in accordance with applicable laws and regulations no later than 28 February, 2019. Arrowgrass recognizes that Basware has emphasized in its announcements that the launch of the tender offer remains uncertain. About Arrowgrass Arrowgrass Capital Partners LLP is a London headquartered alternat
PCI Security Standards Council Publishes New Software Security Standards16.1.2019 15:25 | Pressemelding
Today, the PCI Security Standards Council (PCI SSC) published new requirements for the secure design and development of modern payment software. The PCI Secure Software Standard and the PCI Secure Lifecycle (Secure SLC) Standard are part of a new PCI Software Security Framework, which includes a validation program for software vendors and their software products and a qualification program for assessors. The programs will be launched later in 2019. “Innovation in payments is moving at an incredible pace. Each advancement provides the industry the opportunity to develop applications more quickly and efficiently than before and to design software for new platforms for payment acceptance,” said PCI SSC Chief Technology Officer Troy Leach. “The new PCI Secure Software Standard and PCI Secure SLC Standard support this evolution in payment software practices by providing a dynamic way for developers to demonstrate their software protects payment data for the next generation of applications.”
Keio Plaza Hotel Hosts “Hina-matsuri (Girls’ Doll Festival)” Event – 6,800 Magnificent Hanging Art Ornaments and Tea Ceremony Culture16.1.2019 14:05 | Pressemelding
Keio Plaza Hotel Tokyo (KPH), one of Japan’s most prestigious international hotels located in Shinjuku, Tokyo, will host an event entitled “Hina-matsuri through Tea Ceremony Culture and Hanging Art” to help guests celebrate Japan’s cultural event known as Girls’ Doll Festival or “Hina-matsuri” from February 1 (Friday) to March 28 (Thursday), 2019 with magnificent hanging art ornaments displayed in our lobby and special menu items served in our restaurants. In addition to the display of some 6,800 magnificent and ornate handmade dolls and other traditional decorations in this coming event, our Hotel will also display various traditional and historical art items used in traditional Japanese tea ceremony, which has long been a part of the cultural upbringing of Japanese women from the Meiji Period (1868 to 1912). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190116005191/en/ About 6,800 hanging decorative art ornaments meticul
Virgin Voyages Calling All RockStars to Sea16.1.2019 14:00 | Pressemelding
Virgin Voyages, the new lifestyle brand set to disrupt the travel industry, today released several designs and images of their RockStar Suites. The new company is throwing out traditional clichés on luxury and formalities, and instead bringing Rebellious Luxe to life at sea with their RockStar Suites designed by Tom Dixon’s Design Research Studio as the pinnacle of that experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190116005444/en/ Massive Suite Living Room. (Photo: Business Wire) Highlights of the Massive Suite, the top suite aboard the Scarlet Lady, include its very own guitar-clad music room, views of the ocean from every corner of the suite, and a massive terrace complete with its own Peek-a-View outdoor shower, hot tub, hammocks and a runway outdoor dining table, where a staircase will help Sailors make their way on top of the table for dancing. “Virgin has always avoided stuffy formalities and brought a lo
Janssen announces European Commission approval of ERLEADA® (apalutamide) for non-metastatic castration-resistant prostate cancer patients who are at high risk of developing metastatic disease16.1.2019 13:24 | Pressemelding
The Janssen Pharmaceutical Companies of Johnson & Johnson today announced that the European Commission (EC) has granted marketing authorisation for ERLEADA® (apalutamide), a next generation oral androgen receptor inhibitor for the treatment of adult patients with non-metastatic castration-resistant prostate cancer (nmCRPC) who are at high risk of developing metastatic disease. The EC approval is based on data from the pivotal Phase 3 SPARTAN study, which was published in The New England Journal of Medicine. The study assessed the efficacy and safety of apalutamide plus androgen deprivation therapy (ADT) versus placebo plus ADT in patients with nmCRPC who had a rapidly rising prostate specific antigen (PSA) level despite receiving continuous ADT. Findings from the study showed that apalutamide plus ADT, significantly reduced the risk of developing distant metastasis or death (metastasis free survival [MFS]) by 72 percent, compared to placebo in combination with ADT (HR = 0.28; 95% CI, 0