Eva Ramos, pictured at the Environment Agency, has noticed awareness of sustainability issues on the part of organisations.
Eva Ramos, pictured at the Environment Agency, has noticed awareness of sustainability issues on the part of organisations.
Eva Ramos, pictured at the Environment Agency, has noticed awareness of sustainability issues on the part of organisations.
Eva Ramos, pictured at the Environment Agency, has noticed awareness of sustainability issues on the part of organisations.

Green lessons begin in her Abu Dhabi home


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ABU DHABI // Eva Ramos is in the daily habit of reminding her six-year-old daughter Lucai to turn off the tap when she brushes her teeth.
The effort may have a limited effect in a country that has one of the world's highest water consumption rates, she said, but it is not just Lucai's attitude towards resources that she wants to adjust.
The senior sustainability specialist for the capital's environment agency, Environment Agency Abu Dhabi (EAD) provides training and support for numerous organisations to manage their environmental, economic and social impact.
The biggest challenge is highlighting the costs of the region's sudden economic development, she said. The country has one of the highest ecological footprints in the world.
"We live in a mirage and forget that our ecological system here is very limited, so we need to use these things in a very wise way for future generations, otherwise we will leave them with nothing," she said.
"The Government alone cannot change the other social problems we are facing, such as the high unemployment rate or labour practices, unless companies and citizens participate in resolving these issues.
"My job is to coordinate these efforts," she said.
Mrs Ramos' main focus is managing the Abu Dhabi Sustainability Group, which was created in 2008 by EAD and the Abu Dhabi Executive Council. The group works with 21 government agencies, private companies and non-profit organisations, with several others in the process of joining.
The group members are required to submit an annual report that explains their management approach and measures their sustainability performance.
Mrs Ramos, who grew up in Alicante in Spain, has advised similar projects in developing and emerging countries around the world for more than 15 years. She moved to the UAE two years ago after working for a private Spanish foundation. She was also working as an independent consultant for the Inter-American Development Bank on a cluster of projects in Latin America.
Mrs Ramos, 43, lives in Dubai with her daughter and husband, Jesus, who manages a consultancy firm and works mostly in Saudi Arabia.
She received her undergraduate and graduate degrees from Universitat d'Alacant in Spain, and later a degree in development studies from University of Sussex.
She met her husband while the two were college students working in Turkey for the student-run leadership organisation, Association Internationale des Étudiants en Sciences Économiques et Commerciales. That trip to Turkey, as well as her studies and experiences working on development projects in Mexico and the Philippines, led her to pursue sustainability.
"I've always wanted to improve and change things, and I saw how that kind of work was a way to contribute to the world that I live in," she said.
As she evaluates the habits of local companies and government departments, she has noticed awareness on their parts. She expects a proposed increase in utility prices to have a huge impact on waste and consumption levels, for example, and has seen evidence of improved labour conditions.
However, changes are difficult to measure. Solving an ecological problem, for instance, could have social or economic implications, she said.
"It is an ongoing path, not a destination," agreed Belinda Scott, assistant manager of corporate social responsibility at Mubadala Development Company, which joined the group this year.
"When you touch on one of the three dimensions of economic, environmental or social issues, one will usually have an effect on another and you often have to go back and find the right balance. Eva is able to do that with great focus."
When the National Bank of Abu Dhabi (NBAD) introduced talking automated teller machines and payroll cards to ensure fair and timely payments of labour wages, for example, they later had to consider incorporating more languages and pictures for the service to be effective and fair, explained Ms Scott.
She was the corporate social responsibility officer at NBAD up until a couple of months ago, and has worked closely with Mrs Ramos in both positions.
"These kinds of things take time and testing, and Eva has been a wealth of information and ideas for approaching similar issues," she said.
Mohammad Yousif al Jawdar, director of the AED's policy and strategy sector, credits Mrs Ramos with building up the group's membership.
"Eva's clarity amid all of the noise has helped her to create good relationships, sharing what she knows with our members," he said.
"She brings new ideas and, I believe, the missing pieces that will help us complete this sustainability puzzle."
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How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Second Test, Day 2:

South Africa 335 & 75/1 (22.0 ov)
England 205
South Africa lead by 205 runs with 9 wickets remaining

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