DWS Completes CEEF Investment in ESSE

LONDON & NEW YORK–(Business WIRE)–DWS currently declared the close of its 3rd investment commitment by the Clean up Strength and Surroundings Fund (CEEF) in ESSE, a major cleantech organization centered in China specializing in greenhouse gasoline emission reduction and industrial stable squander recycling.

Founded in 2013, ESSE has swiftly grown into a single of China’s primary firms specializing in greenhouse fuel emissions mitigation. ESSE utilizes advanced technologies to safely handle industrial emissions by extracting toxicity – including sulphur dioxide, nitrogen dioxide, carbon monoxide and carbon dioxide – building an more by-products that can be utilised in new catalyst, desulfurization, denitrification and construction elements.

ESSE operates across China’s significant coastal and mainland provinces and CEEF’s financial investment will provide even further scale and strategic direction to its expansion. CEEF’s funding will enable ESSE to additional develop its staff, extend its scale, and endorse its new resources organization while rising the improvement of proprietary technological know-how.

Priscilla Lu, Head of Sustainable Investments, Asia Pacific at DWS said:

“ESSE‘s chopping edge technological innovation in minimizing greenhouse gasoline emissions squarely addresses climate improve and this is why we are psyched to be investing in them. This investment decision also aligns to China’s web-zero pledge at the the latest climate summit.”

Andrew Pidden, Head of Sustainable Investments at DWS explained:

“The expense in ESSE fits nicely with our technique of backing providers leading inexperienced infrastructure tasks in pollution reduction, reduction of carbon emission intensity, waste treatment method and cleaner generation. ESSE’s means to tangibly lower greenhouse gas emissions is more and more essential as we transition towards a sustainable low-carbon financial system.”

Changhui Tong, Chairman of The Board of ESSE, explained:

“This financial commitment from CEEF will permit ESSE to enhance the conversion of industrial stable waste into new materials, and raise investments in know-how and generation units for the software of these new components, although lessening environmental air pollution. We will moreover concentration on developing our experience in the procedure and routine maintenance of environmental management services and improve our ongoing investment in greenhouse gas emission reduction technologies that support the realization of world wide carbon neutrality objectives.”

About DWS Group

DWS Team (DWS) is just one of the world’s leading asset managers with EUR 820bn of belongings beneath administration (as of 31 March 2021). Constructing on additional than 60 several years of working experience, it has a name for excellence in Germany, Europe, the Americas and Asia. DWS is acknowledged by shoppers globally as a trusted source for built-in financial investment methods, steadiness and innovation across a full spectrum of investment decision disciplines.

We offer men and women and establishments entry to our strong expense capabilities throughout all important asset classes and remedies aligned to progress trends. Our various expertise in Lively, Passive and Options asset management – as nicely as our deep environmental, social and governance concentration – complement each other when making specific alternatives for our customers. Our experience and on-the-ground-know-how of our economists, analysis analysts and expenditure pros are introduced with each other in just one constant worldwide CIO See, which guides our expense technique strategically.

DWS wishes to innovate and form the upcoming of investing: with around 3,500 employees in workplaces all over the globe, we are neighborhood whilst becoming a single international staff. We are traders – entrusted to create the greatest foundation for our clients’ potential.

About ESSE

ESSE is a substantial-tech business centered on environmental governance. Founded in 2013, it has now developed to a lot more than 900 staff members, with much more than 100 assuming the article of lab researcher roles. ESSE specializes in Engineering, Procurement and Building (EPC), Smart Operation and Upkeep (O&M) for these flue gasoline therapy assignments, and the production of new supplies with industrial stable waste.

ESSE is committed to the enhancement of new systems and supplies to support the round financial system, and employs large facts to intelligently assistance environmental governance enhancement, quality of lifetime enhancement and modern day environmental governance with sustainable innovation. Through ongoing innovation in environmental governance engineering, ESSE will know the desire of “building a bluer sky, greener land and cleaner h2o”. Through ongoing impartial analysis and enhancement ESSE strives to realize its objective for enhanced ecological and environmental safety.

R-083668-1 (6/21)