Ann: Renascor Investigating Green Financing Options, page-99

Projects focused on environmental, social, and governance good practice — such as RNU’s Siviour project — are in high demand from equity and debt capital markets following rising awareness of global environmental issues.

According to Bloomberg, investor demand for environmental, social and governance products is surging.

Source: Reuters

A Morgan Stanley report found 95% of millennials were interested in sustainable investing as recently as 2019, up 9% from 2017.

As Bloomberg reported, that’s a lot of buying power that helps explain why behemoth fund-management firms like BlackRock and Vanguard are ‘flooding the market with ESG-focused funds.’

For reference, sustainable funds in the US attracted US$51.2 billion in 2020, dwarfing the previous calendar-year record of US$21.4 billion set in 2019.

Worldwide, US$347 billion flowed into ESG-focused investment funds last year, with more than 700 new funds launched.

With Renascor already planning a ‘substantial increase’ of PSG production capacity beyond the currently planned 28,000tpa, investors will likely be eagerly monitoring the progress of RNU’s green financing investigation.

There is certainly emerging recognition that the lithium battery and electric vehicle sector is a growth market.