Google claims it was the first major company to become carbon neutral in 2007. Getty Images
Google claims it was the first major company to become carbon neutral in 2007. Getty Images
Google claims it was the first major company to become carbon neutral in 2007. Getty Images
Google claims it was the first major company to become carbon neutral in 2007. Getty Images

Google updates Search, Maps and other services with eco-friendly information


Alvin R Cabral
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Google introduced new features on its Search, Maps and other apps that provide users with eco-friendly information to help them make more sustainable decisions.

The move is part of Alphabet-owned company's efforts to encourage sustainability.

"Climate change is no longer a distant threat – it’s increasingly local and personal. Around the world, wildfires, flooding and other extreme weather continue to affect our health, our economies and our future together on our planet," Sundar Pichai, chief executive of Alphabet and Google, said in a blog post.

"We need urgent and meaningful solutions to address this pressing challenge."

Google claims it was the first major company to become carbon neutral in 2007 and match its energy use with 100 per cent renewable energy in 2017. Last year, it committed to operate on 24/7 carbon-free energy by 2030.

Eco-friendly products are becoming mainstream as people are encouraged to contribute more to tackle climate change and its undesirable effects.

Data from Conservation International shows that July 2021 was the hottest month on record – 0.93 degrees Celsius higher than the 20th-century average – since records began in 1880. And as of that month, the concentration, or amount of gas by volume in the air, of carbon dioxide​​​​​​​ in Earth's atmosphere was the highest in history at 416 million parts per million.

Travel and shopping

As part of its latest update, Google will display information about carbon emissions on its Flights service, where users can view emissions per seat and other carbon-friendly options that are readily available.

Sustainability efforts taken by hotels such as water conservation to waste reduction, as well as certifications by environment benchmark sites Green Key or EarthCheck, will also be displayed in searches to enable users to make an informed choice.

A screengrab showing carbon emissions per seat for every flight on the Google Flights website. Google
A screengrab showing carbon emissions per seat for every flight on the Google Flights website. Google

Richard Holden, Google's vice president of travel products, said they combined data from the European Environmental Agency with flight-specific information derived from airlines and other providers.

"It’s critical that people can find consistent and accurate carbon emissions estimates no matter where they want to research or book their trip."

Results on Google Shopping, meanwhile, will now display information on energy-intensive products such as water heaters and dishwashers, with suggestions to help narrow down results to sustainable options.

Maps

Maps, one of Google's most widely-used features, will also have a new eco-friendly routing. The service, which was announced earlier this year, shows fuel consumption data on routes, allowing users to choose the quickest and sustainable routes.

It also highlights the most eco-friendly route, even if it is not the fastest. The service is now live in the US but Google plans to expand this in Europe and other territories by next year.

Vehicles on the road account for more than 75 per cent of carbon dioxide emissions and are one of the largest contributors of greenhouse gases, according to Google, which quoted data from the International Energy Agency.

The US Environmental Protection Agency says a typical passenger vehicle emits about 4.6 metric tonnes of carbon dioxide annually.

Google also introduced lite navigation for cyclists, where important route details are displayed without the need to switching on a phone's screen or entering turn-by-turn navigation. The feature will be coming soon, the search engine company said.

Bike and scooter sharing information, meanwhile, is now available in 300 cities. The use of these vehicles have become a popular eco-friendly travel alternative. The use of biking directions on its Maps app have grown by up to 98 per cent, according to Google.

Clean energy at home

Nest, Google's smart home products unit, has introduced Nest Renew and its Energy Shift feature. The new service for Nest thermostats helps users automatically shift electricity usage for heating and cooling to times when energy is cleaner or less expensive. It also provides monthly impact reports that show how the entire Nest community has contributed to reducing emissions.

Climate change is no longer a distant threat - it’s increasingly local and personal. Around the world, wildfires, flooding and other extreme weather continue to affect our health, our economies and our future together on our planet
Sundar Pichai,
chief executive of Alphabet and Google

Data from RMI, a non-profit organisation advocating clean energy, shows that homes consume the most amounts of energy in the US, with household-level energy decisions driving 40 per cent of energy-related carbon emissions.

"Many people are eager to live more sustainably and help address one of our generation’s most profound challenges: climate change," Ben Brown, director of product management at Google, said in a blog post.

"The problem is that it can be hard to know where to start and whether you’re making a real difference."

Google also said that it was helping to develop new climate change solutions for its business customers, including for appliance maker Whirlpool, e-commerce company Etsy, British lender HSBC, consumer goods manufacturer Unilever and software company Salesforce. Google will also announce more sustainability options at its Cloud Next ‘21 event next week.

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Stage result

1. Pascal Ackermann (GER) Bora-Hansgrohe, in 3:29.09

2. Caleb Ewan (AUS) Lotto-Soudal

3. Rudy Barbier (FRA) Israel Start-Up Nation

4. Dylan Groenewegen (NED) Jumbo-Visma

5. Luka Mezgec (SLO) Mitchelton-Scott

6. Alberto Dainese (ITA) Sunweb

7. Jakub Mareczko (ITA) CCC

8. Max Walscheid (GER) NTT

9. José Rojas (ESP) Movistar

10. Andrea Vendrame (ITA) Ag2r La Mondiale, all at same time

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: October 07, 2021, 3:30 AM