CEOs told to get fit for a zero-emissions economy, says BlackRock

World No1 asset manager BlackRock has put its considerable weight behind a global zero emission economy.

Larry Fink, the multinational investment giant’s CEO, has told companies within BlackRock’s $8.67 trillion investment portfolio to show how they will achieve net-zero carbon emissions by 2050, and prove that the plans have been signed off by their own board of directors.

BlackRock made waves last year by stating it would put environmental sustainability at the heart of its investment strategy, including divesting itself of fossil-fuel producers. Fink’s latest message is now expected to push companies into revealing details they have avoided so far.

Fink's announcement also follows new US President Joe Biden’s pledge to implement changes needed to minimize the impact of global warming, including the ambitious target of net-zero carbon production in the USA by 2050, whilst planning to spend $2 trillion over four years on driving down harmful emissions.

Cities and their buildings are expected to be the primary target here as the biggest polluters on the planet, collectively responsible for more than 70% of the world’s greenhouse gases*, which puts pressure on companies and building asset owners to go carbon neutral using Smart City technology and Digital Twin 3D modelling in particular.

Cityzenith is a key player in digital twin tech according to ABI research, along with Siemens and Microsoft; its SmartWorldPro2 platform is already being used in multiple projects around the world for construction of smarter and more efficient infrastructure.

And Cityzenith CEO Michael Jansen backed the BlackRock CEO’s message: “This significant policy announcement by Larry Fink underlines that we have reached a tipping point in the march towards fossil fuel independence. The world's cities produce 70+% of all the world's carbon emissions and must be ground zero for the climate resilience battle, creating a new market for cutting edge decarbonization technologies that perhaps many of us never thought possible.

“The most essential of all of those technologies is Digital Twins. A recent study predicted that by 2025, 500 major world cities will rely on Digital Twin technology to integrate and optimize a multitude of common city functions. I believe this trend will be driven principally by the need to reconfigure cities everywhere as a platform to support and catalyze the development of local, liveable zero-carbon economies as nations tackle climate change.

“And this is why Cityzenith launched its ‘Clean Cities - Clean Future’ initiative late last year, pledging to donate its SmartWorldPro Digital Twin software to 10 major cities dedicated to addressing Climate Change - we will announce the first project in the next few months.”

Larry Fink said: "There is no company whose business model will not be profoundly affected by the transition to a net-zero economy: one that emits no more carbon dioxide than it removes from the atmosphere by 2050, the scientifically-established threshold necessary to keep global warming well below 2ºC."

Hundreds of companies have already pledged to zero their carbon emissions by the mid-century, including industry leaders such as Facebook, Mercedes-Benz, CP group, and Mastercard. Dozens of nations are also now legally bound to meet the 2050 net-zero carbon emission target through the 2015 Paris Agreement, such as the United Kingdom, France, New Zealand, and China.

-

*UNHabitat https://unhabitat.org/topic/climate-change

Invest In Cityzenith

Our Regulation A+ capital raise is now live on StartEngine and open to all accredited and non-accredited investors.
Based in Canada or the UK?

Note To Investors

Please note that it may take as many as 14-30 days or more to completely process your investment after you receive confirmation. During this period, the compliance team performs mandatory KYC and AML checks as necessary before your investment can be confirmed. It could take as long or longer to debit your account as well, so please be patient.

Please note that in order to complete the detailed 5-step investment sequence, you will need to have ready your personal information. Make sure you input your exact name, exact address, and ensure that all numbers and spellings are correct. Any information input incorrectly could prevent processing of your investment. Please also ensure that the email address you provide is the email address that you intend to use to manage your shares from your Koreconx account at Cityzenith.

If you have any questions, please call us +1-312-883-5554 or write to us investors@cityzenith.com and we will get back to you within 24 hours. If you experience any difficulties while investing, one of our customer service representatives would be happy to walk you through the process conveniently over the phone. We are here to help you!

Important Message

The Company is offering shares of common stock at an offering price of $1.50 per share for gross proceeds of up to $15,000,000 on a “best efforts” basis and up to 3,781,834 shares of common stock and shares of common stock underlying warrants and options on behalf of selling shareholders. The shares being offered for resale by the selling shareholders consist of 3,871,834 shares of common stock held by 152 shareholders.  The selling shareholders will only participate in the offering after the Company has sold $5,000,000 in shares of common stock in this offering.  Once the Company reaches this threshold, the Company will sell the 3,781,834 resell shares being sold by selling stockholders on a pro rata basis with the shares being sold by the Company. For additional information, see the section of the offering circular titled "Selling Shareholders" HERE.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Receive 2 shares for the price of 1, valid for the first $1,500,000 raised through our investment platform. Learn More.