A year later than scheduled, the 2020 summer Olympic Games are finally underway in Tokyo, Japan. Thanks to strict Covid-19 restrictions that remain in place across Japan and the world, the games look a little different than previous years, with fewer crowds and a pared-back opening ceremony.
And that’s not the only thing that is different. The Tokyo Games has set out to ensure it is the most sustainable Olympics yet, with a number of measures in place to cut waste and emissions.
The 2016 Rio de Janeiro Olympic Games were estimated to have emitted 4.5 million tonnes of carbon dioxide, while the 2012 London Olympic Games, which claimed to be the greenest ever, generated 3.3 million tonnes. Tokyo hopes to beat London’s record, forecasting the event will emit no more than 2.92 million tonnes, despite "greenwashing" claims (more on that later).
Here are eight sustainable initiatives taking place at the Tokyo 2020 Olympic Games…
Cardboard beds
All of this year’s Olympians will be getting their rest in on beds made from cardboard. Designed to withstand weights of up to 200 kilograms, the 18,000 cardboard single beds, made especially for the Games, are designed to be recycled into paper products after use. The mattresses will also be recycled.
Recycled medals
The 5,000 medals athletes are vying for have all been made using precious metals recovered from discarded mobile phones. The recycling effort yielded 32kg of gold, 3,500kg of silver and 2,200kg of bronze from 6.2 million old phones.
Plastic podiums
To claim their recycled medals, athletes will take to podiums made from recycled plastic waste recovered from oceans and donated by the public. Once the Games are finished, the podiums will be used for educational purposes, and some will be recycled into bottles by one of the Games’ sponsors, Procter & Gamble.
Renewable energy
The Games are being powered by electricity from renewable sources. Wood biomass power will be generated from construction waste and tree clippings, while the Games will also use power generated from solar farms in Tamakawa, Naraha and Okuma in Fukushima. Hydropower will also be used throughout the event, and venues have been equipped with only LED lights.
Recycling architecture
Many of the facilities being used for the Games already existed, and have been updated from the 1964 Tokyo Olympics. New buildings, such as the main stadium, where the opening and closing ceremonies are being held, have been constructed using sustainably sourced timber. Wood from other venues, meanwhile, will be used to build public benches and other buildings once the games are finished.
Aluminium torches
The Olympic torches, designed by Tokujin Yoshioka, have been made using recycled construction waste from temporary housing used in the aftermath of the 2011’s earthquake and tsunami. The rose gold torches resemble the national flower of Japan, the sakura (cherry blossoms), and both the relay torches and cauldron holding the Olympic flame are fuelled by hydrogen instead of fossil gas.
Electric transport
Olympians and Paralympians are being transported around the Olympic villages in specially-designed electric vehicles. Toyota modified a number of its existing e-Palette vehicles to enable accessible and fuss-free transport for athletes, while keeping things emission-free.
Plastic uniforms
The outfits for the torchbearers at the Games have been made using recycled plastic bottles from Coca-Cola. The white and red T-shirts and trousers, which are unisex, were designed by Daisuke Obana, and bear a sash with a chequered pattern that is known in Japan as ichimatsu moyo. The same pattern can be found in the Tokyo 2020 logos.
‘Greenwashing’ claims
With the Games now under way, a new study accuses the Games of “greenwashing” with its “superficial” sustainability efforts.
"The majority of the measures that have been included in this particular Olympics, and the ones that were particularly mediatised, have a more or less superficial effect," said David Gogishvili, co-author of a peer-reviewed study of the Games conducted by the University of Lausanne.
"The efforts the International Olympic Committee is making are important but they are limited and not enough. From my perspective, unless they heavily limit the construction aspect and the overall size of the event, they will always be criticised for greenwashing."
The report claims that, despite Tokyo’s efforts, it is still the third least sustainable Games since 1992.
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THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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.”
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Company Profile
Company name: Fine Diner
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Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka
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