This is Yokogawa’s first time on the Global 100, one of the world’s leading sustainability indices.
Yokogawa Electric Corporation, shareholder of AlgaEnergy since 2018 and leading provider of industrial automation, control, and measurement technology, has been included in the 2019 Global 100 Most Sustainable Corporations in the World Index. This is Yokogawa’s first time on the Global 100, one of the world’s leading sustainability indices. The 2019 Global 100 was disclosed in Davos on January 22nd by Corporate Knights to coincide with the World Economic Forum. To determine the 2019 ranking, Corporate Knights undertook a rigorous analysis of more than 7,500 companies.
In its core industrial automation and control business, Yokogawa works with customers in the energy, chemical, iron and steel, water, and other industries to improve production efficiency and stability, reduce CO2 emissions and resource use, and ensure workplace safety.
AlgaEnergy and Yokogawa, united by a commitment to sustainability
Yokogawa’s commitment to sustainability was one of the reasons that motivated the partnership & equity participation agreement signed between AlgaEnergy and the Japanese company. The strategic agreement involves an approximately 10 million euro investment by Yokogawa to acquire newly issued shares of AlgaEnergy, making the Japanese company a reference shareholder.
Both companies are united by a commitment to sustainability. In this regard, Augusto Rodríguez-Villa, AlgaEnergy’s President, highlighted that, “This agreement is the best possible partnership in the journey to achieve our mission to leverage the potential of microalgae worldwide. We share the same vision for the future, the belief that more sustainable development is possible and that microalgae can be a key contributor towards that objective”.