HONG KONG, May 10, 2024 – (ACN Newswire) – The Hong Kong-listed company ESR (01821.HK) has once again been reported to have progress in privatization this week.
According to informed sources, the American investment group Warburg Pincus is leading a consortium planning to privatize ESR, a warehousing and logistics development and operation services provider. This news indicates that the ESR board has received a formal tender offer from the consortium, proposing to privatize ListCo for $7-8 billion. Based on ESR’s current market value, the potential privatization premium is approximately 40% to 60%. The board has agreed to proceed with the transaction, and the funds for this deal have also been largely secured. The transaction is expected to be completed in the second half of 2024.
It is known that Warburg Pincus is ESR’s largest shareholder. The 2023 financial report shows that ESR’s total assets under management reached $156.1 billion, with operations covering Greater China, Japan, South Korea, Australia, New Zealand, Southeast Asia, and other countries and regions.
Some analysts point out that since logistics assets can generate stable cash flows, they are generally favored by international large institutions such as Middle Eastern investors and sovereign wealth funds, which may help Warburg Pincus raise more funds to support the potential privatization offer in the international capital market.
As of the date of this report, the company has not issued any clarification announcements.
SYDNEY, AU, May 10, 2024 – (ACN Newswire) – As Mother’s Day 2024 approaches on May 12, BLUETTI, a leading provider of clean energy storage solutions, announces its exclusive Mother’s Day celebration. From May 10-22, BLUETTI will be offering special discounts on its solar generators and power solutions, providing the perfect gift ideas for mothers and mother-like figures.
Create Unforgettable Moments with BLUETTI’s Portable Power Stations
While jewelry and handbags are thoughtful gifts, nothing compares to the gift of shared experiences. Whether it’s a family gathering, backyard barbecue, camping, or a road trip, BLUETTI’s portable power stations, such as the AC180, EB200P, and EB series, make every moment memorable.The AC180 packs a punch with 1,800W of power, capable of charging grills, speakers, music players, and lights during outdoor gatherings. Equipped with 9 versatile outlets, it ensures everything stays powered, all while operating quietly and emission-free.
Meanwhile, the EB200P delivers 2,000W of power, perfect for camping trips, beach parties, and overlanding adventures. For smaller power needs, such as charging a few mid-sized devices like mini cookers and fridges, the EB55 and EB70 offer excellent power and portability. They are easy to carry and equipped with safety features for worry-free use.
Present Security with BLUETTI’s Reliable Home Battery Systems
Caring for Mom extends beyond just one day. BLUETTI’s AC500 home battery systems provide ongoing peace of mind with their responsive UPS function, ensuring seamless power backup during outages.
Additionally, these systems offer a personalized gift for moms, as their capacity is customizable from 3,072Wh to 18,432Wh with the B300S expansion battery. A basic AC500+B300S setup can deliver 5,000W of power to essential household appliances for hours on end. Moreover, with support for up to 3000W of solar charging, moms can reduce energy bills and minimize their environmental impact.
To celebrate Mother’s Day, BLUETTI is also adding exciting surprises, including a spin wheel for a chance to win fantastic gifts. Everyone is invited to participate and seize these exclusive BLUETTI Mother’s Day deals.
About BLUETTI
Dedicated to a sustainable future, BLUETTI provides affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI has empowered over 100,000 African families in off-grid regions. With a commitment to innovation and customer satisfaction, BLUETTI has established itself as a trusted industry leader across more than 100 countries worldwide.
HANOI, Vietnam, May 9, 2024 – (ACN Newswire) – The 16th Annual Global CSR & ESG Summit & Awards 2024 was held on April 25 in Hanoi, Vietnam. The event showcased tremarkable strides in corporate social responsibility (CSR) and environmental, social, and governance (ESG) initiatives, and featured some of the most outstanding achievements by enterprises and organizations in this regard.
Vietnam’s Vinmec Healthcare System received platinum awards for Best Community Program, Best Workplace Practices, Empowerment of Women, and Best Country Excellence in Vietnam in the US$1 billion and above market capitalization category.
Founded in 2012 to contribute to sustainable development in the Vietnamese healthcare sector by delivering high-quality medical services, Vinmec stands as a beacon of academic healthcare, dedicated to shaping the global healthcare narrative through innovative research, groundbreaking discoveries, and a steadfast commitment to clinical excellence and value-based care solutions.
In an interview with ACN Newswire, Vinmec CEO Le Thuy Anh discusses the company’s visionary objectives and operational aspirations, and how, amid an era marked by pressing healthcare challenges, the company’s resilience, foresight, and unwavering dedication are helping transcend geographical boundaries by creating a sustainable healthcare ecosystem.
ACN: Can you share with us the vision and mission of Vinmec, particularly its dedication to academic healthcare for people at local and global scales?
Le Thuy Anh: Vinmec’s vision revolves around addressing critical healthcare challenges nationally and globally, especially in light of the transition from communicable to non-communicable diseases and an aging population. Vinmec is pioneering as an agent of change based on a model of academic medicine with three pillars: excellence in clinical programs; innovative research; and medical education. Aligning with this vision, Vinmec’s mission is caring with compassion, professionalism, and wisdom based on the core values of C.A.R.E (Creativity, Accountability, Reliability, Excellence). Based on this, we aim to contribute significantly to sustainable healthcare development by delivering high-quality medical services, focusing on academic healthcare through innovative research and clinical excellence.
ACN: How does Vinmec approach innovation, research, and breakthroughs to achieve clinical excellence?
Le Thuy Anh: Our approach to innovation and research is integral to achieving clinical excellence. We invest significantly in research and technology transfer, operate research institutes like Vinmec Research Institute of Stem Cells and Gene Technology (VRISG) for stem cell therapies, and the Hi-tech Center for groundbreaking trials.
VRISG is a pioneering research institute specializing in stem cell therapies for a range of rare diseases and is also the first to utilize CAR-T cell therapy for leukemia treatment in Vietnam. Vinmec’s Hi-tech Center has achieved significant milestones, including conducting large-scale clinical trials for COVID-19 vaccines, successful international clinical trials on the efficacy of new cancer drugs, and becoming a reference laboratory for renowned medical partners like AstraZeneca.
Our emphasis on cutting-edgeinnovative applications like 3D printing and robotic surgery ensures clinical excellence and value-based solutions for our patients.
ACN: Creativity is highlighted as a core value of Vinmec. Can you provide examples of how the organization fosters continuous innovation to offer patients the best solutions?
Le Thuy Anh: Creativity drives our long-term development and breakthroughs, evident in our research findings turned into clinical trials like Car-T cell therapy for leukemia and stem cell transplantation in the treatment of autism and cerebral palsy, to name a few.
We empower our doctors with modern techniques and equipment through many training and clinical observership programs in the developed countries of medicine. We continuously innovate in workplace practices through initiatives like the Creativity Subcommittee, Kaizen, PDSA, and lean operations fostering a culture of excellence and implementing ideas that enhance quality and customer experience at all levels.
ACN: Accountability is crucial in healthcare. How does Vinmec ensure the highest level of accountability to patients and their families in terms of care ethics, skills, knowledge, and professional standards?
Le Thuy Anh: We ensure accountability through JCI accreditation, rigorous safety programs, and continuous training for our staff. Vinmec is the first and only healthcare system in Vietnam having two hospitals accredited by Joint Commission International (JCI) – the world’s most rigorous standards in hospital quality and patient safety.
Our focus on patient safety, through programs like Daily Safety Huddles where we hold a brief meeting in the morning between specialties, heads of departments, and other stakeholders to discuss clinical issues of patients; and the SpeakupSpeak up for every clinical staff to share and point out the patient’s risks reflects our commitment to the highest professional standards and ethics in delivering healthcare services.
Vinmec’s people play a key role in delivering the highest quality levels of healthcare, so we focus on continuous training and the well-being of the staff. As the first and only private academic healthcare model in Vietnam, excellence through persistent and personalized education is decisive for all Vinmecers, leading to delivering best practices.
ACN: Reliability is emphasized as a core value of Vinmec. How does the organization demonstrate its commitment to being the most reliable healthcare provider to the community?
Le Thuy Anh: Our commitment to reliability is evident through community initiatives, financial support for patients, and our response to healthcare crises like COVID-19.
Throughout 12the 12 years since its establishment, Vinmec has been entirely engaged in building a sustainable community.
Our business goals are always set in parallel with the benefits for the community at large. Thus, Vinmec is the only private healthcare system pursuing the model of a “not-for-profit” and value-based healthcare model in operation in Vietnam.
Vinmec’s contributions to the community are presented through community free health screening for over 15,000 people (in the past 5 years), financial support of VND300 billion annually for patients, medical education, and technology transfer for peer hospital and provincial hospitals.
Last but not least, Vinmec strongly responsed to Vingroup’s fight against COVID-19, making significant contributions in terms of human and material resources.
ACN: Excellence is a fundamental value for Vinmec. Could you discuss the organization’s approach to pursuing the highest service quality and implementing the best healthcare practices?
Le Thuy Anh: Pursuing excellence is at the core of our operations, seen through strategic partnerships, international accreditations, and Centers of Excellence for various disease groups.
Vinmec’s strategic partnerships with industry leaders like Cleveland Clinic and GE Healthcare have facilitated continuous improvement in service quality by leveraging advanced techniques and expertise. Over 12 years, Vinmec has received numerous international awards and accreditations, establishing Centers of Excellence (CoE) in critical areas like Cardiology, Orthopedics, Oncology, and Immunology, recognized globally for their cutting-edgeinnovative technology and specialist teams. Notably, the COE for Cardiology of Vinmec Times City International Hospital and Vinmec Central Park International Hospital were honored by the American College of Cardiology as the first centers of excellence in Asia.
Our focus on optimized treatment efficiency and outstanding service quality, along with continuous learning and improvement, ensures the best value-based solutions for our patients.
ACN: How does Vinmec ensure that compassion, professionalism, and wisdom are integrated into its care delivery model and reflected in the patient’s experience?
Le Thuy Anh: We take our responsibility extremely seriously and are committed to our mission of providing the utmost quality of care for our patients with professionalism, wisdom, and compassion. Our mission transcends the provision of healthcare services. It encompasses a commitment to nurturing a workplace where every member feels valued, respected, and motivated to excel.
At Vinmec, we believe in creating value not only for our patients but also for our people – the heart of our organization. This commitment is reflected profoundly in our workplace practices, where we strive to create an environment that not only fosters growth and recognition, but also integrates the core values of C.A.R.E (Creativity, Accountability, Reliability, Excellence) into every facet of our operations.
Our approach to workplace practices is holistic, focusing on the Total Rewards policies that motivate, develop, and nurture our employees. Holistic care extends through various stages of an employee’s journey, including recruitment, integration, promotion, training, and development. Meanwhile, Vinmec’s Comprehensive Care Program, “Vinmec Health & Wellbeing,” offers a holistic approach to employee wellness, encompassing mental and physical health, career development, and family and social connections. This initiative underscores Vinmec’s commitment to fostering a nurturing and supportive environment for all our staff, ensuring a well-rounded support system.
Our CARE culture forms the foundation of the Vinmec management framework. At Vinmec, we focus on value-based leadership, where our leaders exemplify the CARE principles in their daily actions. Vinmec has established a Cultural Framework with activities promoting the distinctive CARE culture. These activities are implemented deeply within the framework, following a planned timeline and themes for each quarter. The cultural activities have seen widespread and enthusiastic participation from members.
As a result, Vinmec is the first and only healthcare system in Vietnam that received the “Best Place to Work” award in 2023.
ACN: Looking ahead, what are the future plans and goals for Vinmec in terms of furthering its mission of academic healthcare and delivering excellence in patient care?
Le Thuy Anh: Our future plans include expanding our hospital network, treating rare diseases, promoting preventive medicine, and adopting advanced healthcare models. We aim to remain a factor of change and sustainability in Vietnamese medicine, delivering academic healthcare excellence and achieving international standards of care.
Vinmec has steadfastly pursued its vision of becoming Vietnam’s first academic private healthcare system, emphasizing creativity and innovation to address complex medical challenges and promote preventive medicine, patient engagement, and the adoption of P4 medicine (Predictive, Preventive, Personalized, Participatory).
The upcoming opening of two new Vinmec hospitals will expand its network to nine international hospitals nationwide, showcasing its ongoing commitment to excellence and attainment of world-class quality certificates.
About Vinmec
Vinmec is dedicated to academic healthcare for people at local and global scales through innovation research and breakthroughs that lead to clinical excellence and value-based care solutions. For more information visit, https://en.vinmec.com.
HONG KONG, May 6, 2024 – (ACN Newswire) – Absolute Pure EnviroSci Limited (“APEL”), under the strong support of its parent company, the listed company Yee Hop Holdings Limited (stock code: 1662.HK), has achieved remarkable development. The company’s team has demonstrated outstanding innovation and pioneering research results, quickly gaining international recognition. APEL performed excellently at the 49th International Exhibition of Inventions Geneva, with three scientific research entries respectively winning two gold and one bronze medals, achieving a 100% success rate. This exhibition is one of the largest international exhibitions of inventions, providing inventors and researchers with a unique opportunity to showcase research results and new products. The 49th International Exhibition of Inventions Geneva was held in April in Geneva, Switzerland, featuring over 1,000 inventions from 38 countries and regions. The awards were selected by an international panel of experts.
Boasting Remarkable Achievements and Demonstrating Leadership in Innovative Technology
APEL, with its outstanding technological innovation capabilities, has proposed innovative solutions to urgent global problems, making significant contributions to Hong Kong, Mainland China, and even the world. APEL garnered several awards at the 49th International Exhibition of Inventions Geneva, including:
Gold Medal – Low-carbon Multi-purpose Silica Encapsulating Technology
This technology brings revolutionary changes to human society by using silica capsule to alter the size and structure of products, greatly reducing waste and carbon emissions throughout the product lifecycle, thereby providing a sustainable and low-carbon alternative for human life. This technology can encapsulate concentrated ingredients and enable smart release with water, thereby enhancing the product’s lifespan and effectiveness. Products compressed into silica capsules also correspondingly reduce their volume and weight by over 80%, significantly reducing manufacturing, transportation, packaging, and storage requirements, and lowering carbon emissions by over 90%. This technology has been applied in daily care, disinfection, and cleaning products for both humans and pets, with expectations to expand into cosmetics, pharmaceuticals, and the food industry in the future, providing more low-carbon alternatives in different fields.
Gold Medal – Light-based devices for disinfection and deodorization
This light-based technology selects a specific wavelength spectrum and is programmed using an asynchronous intermittent (AI) lighting system for disinfection and deodorization purpose. It is widely compatible and can be use seamlessly in conjunction on different devices, offering more mobility compared to most market-available light-disinfection devices. It is also safer, more effective, and quicker in killing microorganisms, including bacteria, spores, viruses, and multidrug-resistant microorganisms compared to traditional UV light disinfection technology. This technology was first integrated into household robot vacuum and multipurpose handheld devices in medical field, including surfaces and items disinfection in hospital wards. Recently, there has been a breakthrough in developing products using the technology for pet skin and fur care, which provide a rapidly elimination of microorganisms residing on pets’ skin and fur. The technology allows pets’ hair and skin disinfection, deodorization and acts as a deterrent for biting insects, promoting skin health and coat luster for pets.
Bronze Medal – Safe and Environmentally Friendly Multilevel Antimicrobial & Pest-Repellent Formulated Products
This product applied the synthesized advanced functional polymer using nano-assembly technology to create multi-functional microcapsules. This microcapsule is designed with antibacterial shells and capable of storing multiple formulas targeting different purposes. In this invention, safe and natural pest repellent formulation is stored inside the microcapsule for controlled release purpose, it therefore achieves a dual-purpose protection, a long-term disinfection of surface microorganisms and insect repellent. It effectively eliminates viruses and microorganisms upon contact while preventing adhesion through its “contact-killing” and “anti-adhesion” properties. Its long-lasting effectiveness, safety, and environmental friendliness, combined with compatibility with everyday products, have garnered significant attention and recognition in the market.
Pioneering Research: Crucial for Proposing Innovative Solutions to Urgent Global Issues
This January, the Hong Kong University of Science and Technology (HKUST) and APEL established a joint laboratory dedicated to developing novel health and environmental innovations and translating research outcomes into practical products. These include highly effective and long-lasting pest repellent against bedbugs that can also inactivate up to 99.9% of highly-infectious viruses, bacteria and hard-to-kill spores. Additionally, artificial organoids have been developed for quantifying pollution’s risks on human health and providing essential data for establishing a health monitoring system in Hong Kong and the Greater Bay Area.
This March, APEL established its presence in Hong Kong Science Park with the opening of the Biomedical Technology Innovation and Translational Commercial Laboratory. The opening event was attended by guests including Ms. Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the Hong Kong Special Administrative Region (HKSAR), and Dr. Grace Lau, Head of Institute for Translational Research of Hong Kong Science and Technology Parks Corporation (HKSTP). Ms. Lillian Cheong highlighted the importance of transforming upstream research and development outcomes into products as a crucial component of developing innovation and technology. APEL has achieved significant success in this area through its accumulated research and development efforts, while the HKSAR Government has been proactively developing the basic research in life and health technology, and promoting the transformation of upstream research and development outcomes into products. With the distinctive advantages of enjoying strong support of the Motherland and being closely connected to the world under the “one country, two systems,” the HKSAR Government will further the transformation of scientific research and development of life and health technology in Hong Kong through such measures as the setting up of life and health technology research institutes and InnoLife Healthtech Hub.
After receiving three awards at the 49th International Exhibition of Inventions Geneva, Dr. David Chung, Chairman of APEL said, “As one of the flagship innovative technology companies in Hong Kong, APEL has experienced rapid development in both national and global markets. This includes our establishment in the Hong Kong Science Park, where we inaugurated the Biomedical Technology Innovation and Translational Commercial Laboratory. Today, we are delighted to receive recognition from international research institutions and achieve remarkable results at the International Exhibition of Inventions Geneva. The success of industry-academia-research collaboration relies on excellent scientific research and further requires involvement from the business community, both of which APEL possesses. In the future, the company will continue to drive the transformation of innovative ideas into market products and solutions by facilitating the commercialization of research and development results, contributing to the growth of the innovation and technology sector in Hong Kong and globally.”
Professor Yeung King Lun from the Department of Chemical and Biological Engineering and Division of Environment and Sustainability at the HKUST stated, “APEL has achieved remarkable success at the International Exhibition of Inventions Geneva. APEL has established a long-term partnership with HKUST, in translating research discoveries into commercial offerings in the areas of health, environment, and sustainability that can have immediate positive impact on lives and well-being of Hong Kong people.”
Successful Development: Innovative Technology Effectively Reduces the Main Components of Sewer Gas
The innovative research and development achievements of Professor Yeung’s research team are extraordinary facilitated by the collaboration between APEL and HKUST. The innovative technology in odors suppression, in particularly hydrogen sulfide, has gained significant attention and benefiting humanity in recent years. Hydrogen sulfide commonly occurs in most drainage systems, including stormwater drains, gully or sewage systems and is one of the main components of sewer gas that lead to respiratory suppression and ultimately death in high concentration. While the gas has a distinct odor at low concentrations, it quickly overwhelms the sense of smell and becomes imperceptible to humans when concentration increase. Recently, there was an industrial accident in Hong Kong where workers, during the maintenance work inside the manhole, fainted and resulting in severe injuries and fatalities due to inhalation of high concentration of hydrogen sulfide.
In light of recent safety issues, APEL aims to actively seek innovative technological developments to create a safer environment and therefore, proactively support and transform the successful research developed. This technology provide a safe environment for manhole workers by effectively reduces hydrogen sulfide concentrations by 99% in the way of killing odor-producing micro-organisms. Throughout the collaboration with various government and private organizations for years, this technology has proven to effectively control odors, bacteria and viruses in drainage and flushing systems, providing a safe and healthy environment for human society. Professor Yeung’s achievement in this technology was recognized with a Silver Medal at the 2022 Geneva International Invention Exhibition, highlighting the importance of technology in ensuring human and environment safety. APEL will continue to collaborate with HKUST to develop more technologies that improve the quality of human life.
Commercialization of High-Quality Scientific Research Results: “The Pet Care Trio” Sets to Debut This Month
Commercialization is an important stage in the success of scientific research. GERMAGIC™ PET, a brand under APEL, will jointly participate in the 11th Premium Pet Supplies Expo 2024 together with Pet Space Group, the largest veterinary group in Hong Kong with veterinary clinics across Hong Kong, Kowloon, and the New Territories, as well as in Singapore from 10 May (Friday) to 12 May (Sunday) at Booth G01, Hall 3, Hong Kong Convention and Exhibition Center in Wan Chai, Hong Kong. At the expo, GERMAGIC™ PET will unveil “The Pet Care Trio,” which includes a deodorizer, an itch relief, and a skin healer. These products utilize GERMAGICTM’s encapsulation technology and are made from natural materials. The long-lasting antibacterial product series not only caters to pets but also effectively eliminates various bacteria and viruses, providing up to 28-day antibacterial protection. Moreover, GERMAGIC™ PET products have received the Quality Pet Protection (QPP) certification. QPP is a scheme led by the IBH Pet Industry Development Standing Committee, supported by Pet Space Group for veterinary professional support, with SGS serving as the scheme secretary for providing testing and certification services. Exclusive offers and free veterinary consultations will also be provided at the expo to comprehensively support and safeguard the health of pets. The new products have already been launched in Hong Kong and Macau this month and are available for sale on HKTVmall, the largest e-commerce platform in Hong Kong, Pricerite, a major home furnishing retailer in Hong Kong, and various pharmacies. Additionally, GERMAGICTM PET plans to enter the Chinese market in mid-June and establish more business partnerships.
APEL has established partnerships with industry leaders in various fields such as biological research, health technology, veterinary clinics, international certification and new materials. By promoting the implementation of scientific research results and transforming innovative ideas into market products and solutions, APEL seizes the opportunity of the continuous and thriving global biotechnology market. According to data from Grandview Research1, the global biotechnology market is expected to reach US$1.55 trillion in 2023 and is projected to continue grow at a compound annual growth rate (CAGR) of 13.96% to reach US$3.88 trillion in the coming years. This shows that the biotechnology industry is ushering in a golden era, and APEL, as a key industry player, will actively promote the development of local and global biomedical technology through the commercialization of scientific research results.
About APEL
Absolute Pure EnviroSci Limited (APEL), an indirect non-wholly owned subsidiary of Yee Hop Holdings Limited, a company listed on the Main Board of the Stock Exchange of Hong Kong Limited (Stock Code: 1662.HK), with a mission to improve the quality of life and living environment, is principally engaged in the business of distribution, research and development of specialty biomedical and biochemical products. APEL looks forward to working with researchers who aspire to help the green industries in Hong Kong grow, contributing together to the city and the Greater Bay Area’s low- carbon transformation and advance towards carbon neutrality, and also give the city impetus to pursue reindustrialization vital to her long-term prosperity.
Total greenhouse gas (GHG) emissions further decreased amid rising sales and production increases
80% of INNIO Group’s top 200 suppliers commit to halving greenhouse gas emissions by 2030
External independent verification of compliance with GRI standards (Global Reporting Initiative)
JENBACH, AUSTRIA, Apr 29, 2024 – (ACN Newswire) – INNIO Group has published its Sustainability Report for 2023. Making progress together is the fourth annual non-financial report from INNIO Group.
INNIO Group Employees
The report documents INNIO Group’s progress since defining its baseline goals in 2020, providing information on sustainability initiatives, projects, and metrics. In 2023, INNIO Group’s total greenhouse gas emissions (Scope 1, 2, and 3) decreased by 1.3% or 76,340 metric tons of CO2 equivalents compared to the previous year.
Significant progress also was made in the supply chain, with 80% of the top 200 suppliers committing to reduce their greenhouse gas emissions by 50% by 2030.
At the same time, the company continues to work towards creating a diverse and inclusive work environment. The proportion of female employees in INNIO Group increased by almost 4% compared to 2022 and by 7.5% over the last three years, reaching 18.1% at the end of 2023.
This highlights INNIO Group’s progress in all three defined core areas of sustainability:
Low-carbon and circular products – supporting customers in their biggest challenges by providing innovative solutions that benefit people and the planet
Supply chain and production resilience – incorporating ESG aspects of environment, social, and governance into INNIO Group’s business activities, including transparent reporting on the company’s performance
Responsible operations and social responsibility – employing a diverse, inclusive, and engaged workforce that is committed to the community and improving their quality of life
“Sustainability is key to a future-proof economy. Our entire INNIO team can be proud of last year’s achievements,” said Dr. Olaf Berlien, president and CEO of INNIO Group. “Initiatives like our ‘Ready for H2’ technology are a central part of our corporate strategy. We promote sustainable solutions and drive the hydrogen economy and decarbonization in the energy sector.”
Marcin Kawa, VP Sustainability at INNIO Group, emphasized INNIO Group’s comprehensive approach to sustainability. “With the introduction of the ESG hub software last year, we can systematize processes around sustainability controls,” said Kawa. “We are well positioned to significantly intensify projects for CO2 reduction, circular economy, and efficient resource use.”
In the “Progress and Performance” chapter and in an overview of the 2023 Sustainability Report’s key performance indicators, INNIO Group illustrates its collaborative approach to advancing the energy transition and decarbonization. Additionally, a separate section of the report addresses activities, initiatives, programs, and the concrete implementation of decarbonizing the energy sector while fostering employee growth.
About INNIO Group
INNIO Group is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With its Jenbacher and Waukesha product brands and its AI-powered myPlant digital platform, INNIO Group offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. INNIO Group is individual in scope, but global in scale. With its flexible, scalable, and resilient energy solutions and services, INNIO Group enables its customers to manage the energy transition along the energy value chain wherever they are in their transition journey.
INNIO Group is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). Through a service network in more than 100 countries, a team of more than 4,000 experts provides life-cycle support to the more than 57,000 engines that INNIO Group has delivered globally.
INNIO Group’s ESG strategy has been recognized and awarded by esteemed rating agencies such as Sustainalytics and EcoVadis. Additionally, the company’s near-term climate targets until 2030 have been validated by the Science Based Targets initiative (SBTi).
For more information, visit INNIO Group’s website at www.innio.com. Follow INNIO Group and its brands on X (formerly known as Twitter) and LinkedIn.
INNIO, Jenbacher, myPlant, Waukesha are trademarks in the European Union or elsewhere owned by INNIO Jenbacher GmbH & Co OG or one of its affiliates. All other trademarks and company names are property of their respective owners.
In general, “Ready for H2” Jenbacher units can be converted to operate on up to 100% hydrogen in the future. Details on the cost and timeline for a future conversion may vary and need to be clarified individually.
Contact Information Susanne Reichelt INNIO Media Relations susanne.reichelt@innio.com +43 664 80833 2382
MONTREAL, QUEBEC, May 2, 2024 – (ACN Newswire) – Loop Industries, Inc. (NASDAQ:LOOP) (the “Company” or “Loop”), a clean technology company whose mission is to accelerate a circular plastics/fiber economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today concluded an agreement with Ester Industries Ltd. (“Ester”), one of India’s leading manufacturers of Polyester Films and Specialty Polymers, to form a 50/50 India joint venture (“India JV”). The purpose of the India JV is to build and operate an Infinite Loop™ India manufacturing facility which will produce a unique product offering of lower carbon footprint recycled dimethyl terephthalate (“rDMT”), recycled mono-ethylene glycol (“rMEG”) and specialty polymers in India, using the Infinite Loop™ technology which offers significant advantages over traditional mechanical PET recycling.
Photo: Arvind Singhania, Chairman and CEO of Ester Industries Ltd. and Daniel Solomita, Founder and CEO of Loop Industries at Loop’s head office in Terrebonne, Quebec, Canada.
Loop and Ester have a well-established working relationship, with Ester producing Loop™ PET for Loop’s global brand customers over the last four years. The India JV leverages the complementary skill set of each partner by combining Loop’s innovative technology and well-established global customer base with Ester’s nearly 40 years of specialized polymer production, operational proficiency, and local expertise, including sourcing of PET plastic and Polyester fiber waste feedstocks.
The DMT and MEG specialty chemicals global market size is estimated at US$28 billion and forecasted to grow at a 3.7% CAGR through 2033. The market is experiencing a global shortage of DMT due to recent plant closures in Europe, and low-carbon DMT and MEG are in high demand, but market options are limited and costly. The Infinite Loop™ India facility is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually and Ester will toll convert the rDMT and rMEG into various grades of specialty polymers. The planned facility in India can lower carbon emissions by up to 70% compared to virgin DMT and MEG manufactured from fossil fuels1, offering chemical companies a simple drop-in supplement and circular alternative that helps them achieve their sustainability goals.
The rDMT and rMEG product offerings manufactured at the Infinite Loop™ India facility represent a strategic product expansion in a low-cost manufacturing environment which complements Loop’s existing PET plastic and polyester fiber manufacturing business and will fuel growth by addressing the large and growing demand in the market. This expansion enables the Infinite Loop™ technology to reach new markets and cater to a broader range of customers across multiple industries including the electronics, automotive, textile, cosmetics and packaging industries.
The India facility will leverage the Infinite Loop™ technology and existing engineering package which accelerates the lead-time towards groundbreaking, slated to occur by end of this year. Feedstock sourcing for the facility, in which there is abundant supply from textile waste in India, is well advanced and the partners have engaged an external firm to source and secure the land for the facility. Construction is expected to be completed by the end of 2026, with commercial operations commencing in early 2027.
The India JV offers attractive economic returns without the need for substantial sustainability-linked premium pricing. Total capital investment is estimated approximately at US$165 million.
Arvind Singhania, Chairman and CEO of Ester Industries Ltd. commented “Ester and Loop have a long-standing working relationship with a deep alignment of values and shared commitment to circularity and driving sustainable change. This partnership reinforces our dedication to advancing sustainable solutions in the polymer industry and by leveraging Loop’s technology alongside our decades of polymer production experience, we will contribute to reducing the carbon footprint of our products, meeting the evolving needs of our customers.”
Loop’s Founder and CEO Daniel Solomita commented “Our partnership with Ester reflects a strategic alignment built on our shared values of sustainability and innovation and combines both companies’ areas of expertise. The specialty chemicals market offers a unique opportunity to expand the reach of our Infinite Loop technology beyond PET and polyester fiber and provides our customers with a sustainability linked advantage in the specialty chemicals market. Customer demand for rDMT, rMEG and specialty polymers produced using our technology is robust due to very limited viable options available in the marketplace today.
The Infinite Loop India facility represents a great opportunity for Loop to be a part of the fastest growing economy in the world and capitalizing on operating in a low-cost manufacturing environment. We see India and this partnership with Ester as a tremendous growth opportunity for future expansion.
This approach allows us to optimize returns, expand our presence in key markets, and drive sustainable growth while maximizing shareholder value.”
1 This data is for the India LCA excluding the avoided waste disposal
About Ester
Ester Industries Limited is a public limited company incorporated in 1985 promoted by the Singhania family. The company is one of India’s leading manufacturers of Polyester Films and Specialty Polymers having a track record of nearly four decades of continually developing new and innovative products for customers across the globe. Ester Industries has state of the art manufacturing facilities in Khatima in Uttarakhand and Hyderabad in Telangana with combined capacity of 67,000 TPA of Polyester Resin, 110,000 TPA of Polyester Film and 30,000 TPA of Specialty Polymers. Specialty Polymers are manufactured primarily for the US and other overseas markets. Ester has a strong focus on sustainability and circularity, which complements the Infinite Loop™ technology developed by Loop Industries for recycling various types of polyester waste into high-value added Polyester products for applications in rigid/flexible packaging, fibers/garment, industrial, automotive, and consumer electronic products.
About Loop Industries
Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”
For more information, please visit http://www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
Forward-Looking Statements
This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For More Information: Investor Relations: Kevin C. O’Dowd, Investor Relations Loop Industries, Inc. +1 617-755-4602 kodowd@loopindustries.com
Media Inquiries: Andrea Kostiuk, VP Marketing & Communications Loop Industries, Inc. +1 (450) 951-8555 akostiuk@loopindustries.com
HANOI, Vietnam, Apr 30, 2024 – (ACN Newswire) – The 16th Annual Global CSR & ESG Summit and Awards™ 2024 came to a triumphal close, marking another milestone in the realm of achievable corporate social responsibility (CSR) and environmental, social, and governance (ESG) initiatives.
Mr Matthias Gelber, known as the ‘Green Man,’ recognizable for his strong commitment to sustainability as well as his iconic green batak shirt, officially opened the Summit.
Hosted by The Pinnacle Group International in collaboration with co-organizer the Sustainable Technology Centre, this year’s summit brought together industry leaders, experts and policymakers to explore innovative strategies and solutions towards a sustainable future.
Ms Aparna Rajesh, Consultant to Sustainability & Academic Interface at Tata Consultancy Services, shares insights on leveraging employee talent, business models and assets for impactful transformation.
The event witnessed insightful discussions, engaging panels, and thought-provoking keynotes, delving into pressing issues such as climate action, diversity and inclusion, ethical governance, and community engagement. Attendees gained invaluable perspectives and actionable insights, fostering collaborations to drive positive change across sectors.
Mr Aru David, Director of Assist in the Mekong Region, moderates a panel on Efficient ESG Governance, Transforming Commitments into Measurable Actions. The panel features Mr Pham Hai Au, PwC Vietnam, Mr David Jackson, Avison Young, and Ms Mai Thi Thanh Huong, Sanofi. (L to R)Dr Stefan Phang, Global Director of Sustainability & Creating Shared Value at Solenis, moderates a panel on “Elevating Governance from Good to Exceptional, Advocating for Diverse Talent through Actions, Not Just Words”. The panel features Dr Ir William L Nolten from ReXil Asia, Ms Nusheen Nalwala from Tata Consultancy Services, Mr Florian Johannes Beranek from the Central & Eastern European Chamber of Commerce in Viet Nam, and Mr Victor Dulait from the Belgian-Luxembourg Chamber of Commerce in Viet Nam. (Left to Right)Prof Dr Geoffrey Williams, Founder of Williams Business Consultancy, moderates a panel on “Opportunity and Risk: Linking ESG to Strategy for the Creation and Preservation of Sustainable Long-Term Value”. The panel features Mr Andika Dwi Saputra from Evermos, Mr Ts. Mahmood Long from Sarawak Energy, Ms Vu Tra My from Home Credit Vietnam, and Mr Rahul Gupta from McKinsey & Company. (Left to Right)
Highlights of the Summit:
Keynote Address: Ms Aparna Rajesh, Consultant, Sustainability & Academic Interface, APAC, Tata Consultancy Services, delivered an inspiring keynote on “How Corporates Can Leverage Their Employee Talent, Business Models, And Assets to Create Deep Impact That Drives Transformational Change.”
Topic: “Enhancing Healthcare Accessibility and Sustainability” featured Ms Le Thuy Anh, CEO of Vinmec Healthcare System, who shared insights into Vinmec’s dedication to CSR & ESG principles.
Panel Discussion: “Opportunity and Risk: Linking ESG To Strategy for the Creation and Preservation of Sustainable Long-Term Value,” moderated by Prof. Dr Geoffrey Williams, Founder and Director of Williams Business Consultancy Sdn Bhd, featured panelists including Mr Ts. Mahmood Long from Sarawak Energy, Mr Andika Dwi Saputra from Evermos, Ms Vu Tra My from Home Credit Vietnam, and Mr Rahul Gupta from McKinsey & Company.
Topic: Ms Rohini Samtani, Sustainability Solutions Manager at S&P Global Sustainable1, led a discussion on “ESG Ratings and Transparency: Advancing Sustainable Finance.”
Panel Discussion: “Elevating Governance from Good to Exceptional: Advocating for Diverse Talent through Actions, Not Just Words,” moderated by Dr Stefan Phang, Global Director of Sustainability & Creating Shared Value at Solenis, with panelists including Dr Ir. William L Nolten from ReXil Asia, Ms Nusheen Masters from Tata Consultancy Services, Mr Florian Johannes Beranek from the Central and Eastern European Chamber of Commerce in Vietnam, and Mr Victor Dulait from the Belgian-Luxembourg Chamber of Commerce in Vietnam (BeluxCham).
Topic: Mr Lokender Singh and Mr Desmond Soh, Co-founders of Nutri-Buddy Pte Ltd, shared their expertise on “Sustainable Food Practices: Essential ESG Factors for the Food & Beverages Industry.”
Final Thoughts: The event ended with a final thought by Guest Speaker and Advisor Prof. Dr. Richard David Hames, Founder & Executive Director of the Centre for The Future and Fellow of the World Academy of Art & Science, Advisor to Sustainable Technology Centre. He encouraged attendees to continue their good efforts in CSR and ESG initiatives, emphasizing that continuous efforts will contribute to making the world a better place.
We extend our gratitude to our co-organizer, the Sustainable Technology Centre, for their unwavering support and dedication in making this summit a resounding success. Their commitment to sustainability and technological innovation has been instrumental in advancing our shared mission.
S&P Global’s Sustainability Solutions Manager, Ms Rohini Samtani, leads a discussion on “ESG Ratings and Transparency: Advancing Sustainable Finance.”Co-founders of Nutri-Buddy Pte Ltd, Mr Lokender Singh and Mr Desmond Soh, share expertise on “Sustainable Food Practices: Essential ESG Factors for the Food & Beverages Industry.”
We are also indebted to our sponsors, S&P Global Market Intelligence and Nutri-Buddy Private Limited, whose generous support has played a pivotal role in bringing this event to fruition. Their commitment to promoting sustainable practices and corporate responsibility exemplifies the spirit of the summit.
Mr Pham The Dung, Deputy Director General, the State Agency for Technology Innovation (SATI) at the Ministry of Science and Technology of Vietnam (MOST), honoured the 16th Annual Global CSR & ESG Summit and Awards with his presence, inaugurating the awards with an address.
The summit ended with the awards segment The Global CSR & ESG Awards™, graced by Guest of Honour, Mr Pham The Dung, Deputy Director General, State Agency for Technology Innovation (SATI), Ministry Of Science And Technology Of Vietnam (MOST), and Ms Dang Ngoc Han, crowned Miss Vietnam 2010, a renowned beauty queen, Ao Dai designer and businesswoman in Vietnam. She serves as Deputy Director of Ninh Van Bay JSC and is the Founder and CEO of Ao Dai Ngoc Han.
The award categories for this year are:
– Best Environmental Excellence Award – Best Community Programme Award – Excellence In Provision Of Literacy & Education Award – Empowerment Of Women Award – Best Workplace Practises – CSR & ESG Leadership Award – Product Excellence Award – Best CEO – Best Corporate Communications & Investors Relations Team
This year, we also have award categories recognizing the companies at the forefront of their respective industries and countries. The award categories are:
– Best In Thailand – Best In Indonesia – Best In Cambodia – Best In Viet Nam – Best In Philippines
Winners of the 16th Annual Global CSR & ESG Awards – 2014, are:
Best Environmental Excellence Award
o Market Cap: USD 1 Billion and Above – Platinum: Kuala Lumpur Kepong Berhad, MY – Gold: PT Pertamina Hulu Energi Offshore North West Java, ID – Silver: PT Chandra Asri Pacific Tbk, ID – Bronze: PT Astra International Tbk, ID
o Market Cap: USD 500 Million to USD 1 Billion – Platinum: PT Pertamina Patra Niaga Fuel Terminal Sanggaran, ID – Gold: PT TEP Indonesia, ID
o Market Cap: Less than USD 500 Million – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning, ID – Gold: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap, ID – Silver: PT Pertamina Patra Niaga Integrated Terminal Wayame, ID – Bronze: Hope Foundation, MY
Best Community Programme Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: PT Pertamina Patra Niaga Regional Sumbagsel, PT Adaro Minerals Indonesia, Sanofi, PT Chandra Asri Pacific Tbk, PT Pertamina Patra Niaga AFT Supadio – Silver: San Miguel Corporation, PT Pertamina DPPU Juanda, PT Pertamina Hulu Energi Offshore North West Java, Sarawak Energy Berhad – Bronze: Pertamina EP Sukowati Field Corp, PT Pertamina Patra Niaga Integrated Terminal Pontianak, PT Pertamina Patra Niaga Integrated Terminal Surabaya
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: PT Pertamina Patra Niaga Integrated Terminal Balikpapan– Gold: PT Kalimantan Prima Persada– Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)– Bronze: Samsung Electronics Vietnam Co., Ltd
o Less Than USD 500 Million Market Capitalization – Platinum: PT Badak NGL – Gold: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning, Smilegate Foundation, Diversey Viet Nam, PT Kilang Pertamina Internasional Refinery Unit VI Balongan, PT Pertamina Patra Niaga Fuel Terminal Maos – Silver: PT Pertamina Patra Niaga Integrated Terminal Cilacap, PT Pertamina Patra Niaga Fuel Terminal Ternate, PT Pertamina Patra Niaga Fuel Terminal Rewulu, PT Pertamina Patra Niaga Integrated Terminal Semarang, PT PLN Nusantara Power Up Gresik – Bronze: Indonesia Infrastructure Guarantee Fund, Central Retail Thailand, PT Pertamina Patra Niaga Regional Jawa Bagian Tengah DPPU Ahmad Yani
Excellence In Provisional Of Literacy & Education Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Samsung Electronics Indonesia – Gold: Bridgestone Asia Pacific – Silver: PT Pertamina Hulu Mahakam – Bronze: Kuala Lumpur Kepong Berhad
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Samsung Electronics Vietnam Co., Ltd – Gold: PT Kalimantan Prima Persada
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Gold: PT Kilang Pertamina Internasional Refinery Unit III Plaju
Best Workplace Practises
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: Danone Indonesia
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning
Best CEO
o Less than USD 500 Million in Market Capitalization – Platinum: Indonesia Infrastructure Guarantee Fund – Gold: BHG Retail Trust Management Pte Ltd
Empowerment Of Women Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: Sarawak Energy Berhad – Silver: San Miguel Corporation – Bronze: Pt Agincourt Resources
o USD 500 Million to USD 1 Billion in Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: Bridgestone Asia Pacific – Gold: EVERMOS – Silver: Mahkota Medical Centre
Product Excellence Award
o USD 1 Billion and above in Market Capitalization – Platinum: Danone Indonesia
o USD 500 Million to USD 1 Billion in Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less than USD 500 Million in Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Gold: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning – Silver: PT Kilang Pertamina Internasional Refinery Unit III Plaju – Bronze: PT Kilang Pertamina Internasional Refinery Unit V Balikpapan
CSR & ESG Leadership Award
o USD 1 Billion And Above in Market Capitalization – Platinum: PT. Chandra Asri Pacific Tbk – Gold: TBS Energi Utama – Silver: PT Bank BTPN Tbk – Bronze: Tata Consultancy Services
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong Bien Hoa Joint Stock Company – Gold: Samsung Electronics Vietnam Co., Ltd – Silver: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Capitalization – Platinum: Bank Rakyat – Gold: Diageo Vietnam – Silver: Home Credit Viet Nam
Best Corporate Communications & Investor Relations Team Award
o USD 1 Billion and above in Market Capitalization – Platinum: Danone Indonesia
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: BHG Retail Trust Management Pte Ltd
Best Country Excellence – Best in Cambodia
o USD 1 Billion And Above in Market Capitalization – Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Capitalization – Platinum: Prince Holding Group
Best Country Excellence – Best in Thailand
o Less Than USD 500 Million Market Capitalization – Platinum: Tata Consultancy Services
Best Country Excellence – Best In Philippines
o USD 1 Billion And Above in Market Capitalization – Platinum: Tata Consultancy Services
Best Country Award – Best In Indonesia
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning – Gold: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Silver: PT Langgeng Kreasi Jayaprima (Diageo Indonesia) – Bronze: PT Kilang Pertamina Internasional Refinery Unit V Balikpapan
o USD 1 Billion And Above in Market Capitalization – Platinum: PT Astra International TBK – Gold: PT Pertamina Hulu Energi Offshore North West Java – Silver: PT Pertamina Patra Niaga SHAFTHI
Best Country Excellence – Best in Vietnam
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS) – Gold: Samsung Electronics Vietnam Co., Ltd
o Less Than USD 500 Million Market Capitalization – Gold: Hope Foundation Platinum: FPT Digital
As we reflect on the success of the 16th Annual Global CSR & ESG Summit and Awards, we are inspired and energized to continue our collective efforts towards building a more sustainable and inclusive world. Together, we can create positive change that benefits present and future generations.
About Pinnacle Group
The Pinnacle Group International is a leader in the conference industry in Asia, designing and launching ground-breaking conferences and events. We pride ourselves in our ability to anticipate and read underlying socio-economic and investment trends in emerging and developed markets, creating brands and events to capture these opportunities and launching them with our clients and partners in regional and international markets. Our relentless pursuit of excellence in the business of connecting people and businesses across nations is derived from our core beliefs in improving lives, welfare and the status of societies. We are committed to supporting charitable ministries and projects for the betterment of humanity, while our staff and management commit time and resources to annual global missions and charities. To learn more, visit https://globalcsr.pinnaclegroup.global.
For media inquiries or further information: Ms Cyan Lee, Conference Manager, The Pinnacle Group International Email: cyan@pinnaclegroup.global Tel: +65 8222 2344
KOTA KINABALU, Malaysia, Apr 29, 2024 – (ACN Newswire) – Tex Cycle Technology (M) Berhad (“Tex Cycle” or the “Group”), an established waste management and recycling solutions provider, is pleased to announce the wholly-owned subsidiary of the Group, Tex Cycle Sdn. Bhd. (“TCSB”) has partnered with Evolusi Bersatu Sdn Bhd (“Evolusi Bersatu”) to launch Sabah’s first integrated scheduled waste management facility.
From L-R 1. Ms. Geraldine Hii Siaw Wei, Executive Director Tex Evolusi Waste Management Sdn Bhd & Group CFO Of Tex Cycle TECHNOLOGY (M) BERHAD 2. Mr Lee Hai Peng, Executive Director Tex Cycle Technology (M) Berhad 3. Datuk Keh Chuan Seng, Executive Chairman Tex Cycle Technology (M) Berhad 4. Haji Muhamad Bin Haji Tolling, Managing Director Of Tex Evolusi Waste Management Sdn Bhd 5. YB Datuk Phoong Jin Zhe, Minister of Industrial Development and Entrepreneurship (representing YAB Datuk Seri Panglima Haji Hajiji Bin Haji Noor, Chief Minister of Sabah) 6. Ybhg Datuk Seri Chiau Beng Teik, Executive Chairman, Chin Hin Group Berhad 7. Ybhg Datuk Harun Bin Ismail, CEO, Sabah Oil & Gas Development Corporation (SOGDC) 8. Mr Terry Biusing, Director, OGSE & Corporate, SMJ Energy Sdn Bhd 9. Mr. Gary Dass, Executive Director Tex Evolusi Waste Management Sdn Bhd & Group CEO Of Tex Cycle Technology (M) Berhad
Tex Cycle Sdn Bhd, licensed by the Department of Environment Malaysia, specialises in sustainable solutions for scheduled waste management. The Company ensures compliance and sustainability through advanced recycling and recovery methods across multiple industries throughout Malaysia. Evolusi Bersatu, primarily involved in the oil and gas sector (onshore maintenance, modification, and construction) in Sabah, complements this landscape by offering its network and local expertise.
The official inauguration took place at the Hilton Hotel, Kota Kinabalu, in the presence of YAB Datuk Seri Panglima Haji Hajiji bin Haji Noor, Chief Minister of Sabah, highlighting the significance of this milestone in promoting environmental sustainability and economic growth in the region.
The new facility, developed by Tex Evolusi Waste Management Sdn Bhd (“JV”), a joint venture between Tex Cycle Sdn Bhd and Evolusi Bersatu Sdn Bhd, is designed to complement existing scheduled waste management providers. It prioritises a locally centered waste treatment process, aiming to reduce costs and emissions while ensuring legal compliance and environmental responsibility, as opposed to sending waste to Semenanjung for processing. Additionally, the facility is tailored to serve various industries and offers comprehensive waste management solutions, especially in the oil and gas sector.
“With the launch of this integrated scheduled waste management facility, we are promoting sustainable and responsible waste management. This initiative is a significant milestone in our commitment to protecting the environment and contributing to the well-being of our communities. It also aligns with Sabah’s broader efforts in creating over 150 job opportunities and conserving our natural resources. Through innovative approaches like the cradle-to-cradle concept and our advanced recovery and recycling technologies, we aim to maximise resource efficiency while minimizing environmental impact,” remarked Tuan Haji Muhamad bin Haji Tolling, Managing Director of Tex Evolusi Waste Management Sdn. Bhd.
Tex Evolusi Waste Management Sdn Bhd is excited to invest in this facility, which represents a substantial capital commitment of RM100.0 million, to usher in a new era for waste management in Sabah, which is expected to start construction in 2nd Half of 2024, and to be fully operational by Q4 2025. This significant investment underscores the company’s dedication to fostering industry development in the region while creating employment opportunities for skilled and semi-skilled workers. The facility’s innovative practices and advanced technologies are set to establish new benchmarks for waste management, paving the way for further exploration into other waste management areas, including municipal waste.
The facility’s overarching vision resonates with Sabah’s commitment to sustainable development goals, particularly in the realm of scheduled waste management. It is dedicated to mitigating environmental risks posed by scheduled waste and safeguarding the state’s pristine natural environment for future generations. Through proactive advocacy and strategic collaboration, the initiative aims to instill a culture of environmental responsibility specifically tailored to scheduled waste management practices across various industries operating in Sabah.
YAB Datuk Seri Panglima Haji Hajiji bin Haji Noor, the Chief Minister of Sabah, praised the launch of the integrated scheduled waste management facility, stating, “This facility represents a significant step in our journey towards a cleaner and more sustainable Sabah. By prioritising environmental, social, and governance (ESG) factors alongside economic growth, we are creating a pathway for a brighter, greener future for the state. This initiative not only aligns with our Sabah Maju Jaya vision, but it also supports our commitment to fostering sustainable practices across industries. We believe it will attract more foreign investors who share our ESG values.”
The successful establishment of this pioneering scheduled waste management facility owes much to the collaborative efforts of local governments and key stakeholders. Their invaluable contributions have been instrumental in bringing this project to fruition. Tex Evolusi Waste Management Sdn Bhd is fully committed to leveraging this success by further fostering partnerships and collaborations with stakeholders, with a primary aim of consolidating its position as a comprehensive waste management solution provider. Beyond its economic impact through job creation for skilled and semi-skilled workers, the facility also underscores a commitment to environmental stewardship by mitigating environmental risks.
HO CHI MINH CITY, VIETNAM, Apr 23, 2024 – (ACN Newswire) – Nutifood, a leading Vietnamese dairy company, is opting for one of SIG’s latest packaging innovations – the highly convenient on-the-go SIG DomeMini carton bottle. The small-size carton pack will offer consumers in Vietnam all the convenience of a plastic bottle and the sustainability benefits of a carton pack.
Nutifood will launch its Varna brand premium adult nutrition milk in SIG DomeMini. Varna Colostrum offers a targeted nutrition formulation for adults to improve immunity. The introduction of this product in the on-the-go carton bottle SIG DomeMini, which is now available for the first time in Southeast Asia, marks a pivotal shift, as in the past Varna products have only been available in plastic bottles. The transition to a bottle-shaped carton pack provides a solution that offers a better plastic-to-product ratio, while also standing out to consumers with its sleek and distinctive design.
Mai Thanh Viet, Vice President (Marketing) at Nutifood: “We are leading the way, not only with our innovative products, but also with our sustainable packaging choices. Switching from plastic bottles to the SIG DomeMini carton bottle sets a new precedent in Vietnam for captivating and sustainable on-the-go packaging. We are fostering a new era of responsible consumption, empowering our consumers to make more eco-conscious choices, without any compromise on convenience while they enjoy their favorite beverage on the move.”
SIG DomeMini offers a uniquely ergonomic and eye-catching design. The central SIG DomeMiniCap can be easily opened and closed by adults of all ages, resealed and easily stored for use at different times of the day.
The main material of the SIG DomeMini carton bottle, designed for full recyclability, is FSC™-certified paperboard made of forest-based renewable material. SIG DomeMini is manufactured using 100% renewable electricity and has a lightweight and space-saving design.
Angela Lu, President & General Manager Asia Pacific at SIG: “The market for on-the-go beverages offers immense potential and our SIG DomeMini carton bottle captures perfectly the ‘paperization’ trend for less plastic packaging. We work together with Nutifood to bring more sustainable packaging solutions to the market in Southeast Asia.”
The SIG DomeMini 12 Aseptic filling machine is capable of aseptically filling 12,000 packages per hour – in a total of seven volume sizes from 180 to 350 ml on one and the same filling machine with volume change in just 15 minutes. This maximizes efficiency and flexibility, providing an excellent return on investment for beverage manufacturers.
About SIG
SIG (FSC™ trademark license code: FSC™ C020428) is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.
Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website.
For insights into trends that drive the food and beverage industry, visit the SIG blog
Picture caption: Nutifood, a leading Vietnamese dairy company, is opting for one of SIG’s latest packaging innovations – the highly convenient on-the-go SIG DomeMini carton bottle. The small-size carton pack will offer consumers in Vietnam all the convenience of a plastic bottle and the sustainability benefits of a carton pack. Nutifood will launch its Varna brand premium adult nutrition milk in SIG DomeMini. Photo: SIG
JAKARTA, April 23, 2024 – (ACN Newswire) – The Indonesian government, according to the Ministry of Public Works and Public Housing (PUPR), believes that the 10th World Water Forum, Bali 2024, will be able to generate political consensus among participating heads of state, and achieve the agreements necessary to address the global climate challenge.
The Forum, the largest gathering in the water sector, involves various stakeholders and is co-hosted by the World Water Council and a host city. Held every three years, it has been taking place since 1997, with participants from politics, multilateral institutions, academia, civil society and the private sector.
The Government of the Republic of Indonesia will host the 10th World Water Forum in Bali from 18–25 May 2024. The National Organizing Committee (NOC) is chaired by the Coordinating Minister for Maritime Affairs and Investment, Luhut B. Pandjaitan, while the Minister of Public Works and Public Housing (PUPR), Basuki Hadimuljono, will serve as Daily Chairperson.
This year’s Forum will be attended by numerous heads of state, with several former world leaders expressing their intention to be present, considering it necessary to attend. These include the former Presidents of Chile, Hungary, Slovenia, Malawi, Sri Lanka, and Costa Rica. The former Prime Ministers of Belgium, Korea, and Bhutan will also be present.
“With the Ministry of Foreign Affairs, we have been making efforts to ensure that as many world leaders are in attendance as possible,” said Endra S. Atmawidjaja, Expert Member, Ministry of PUPR, in Jakarta. “Indonesia has achieved success in water governance with local cultural approaches. The Forum involves the various stakeholders, and therefore benefits from best practices implemented by Indonesia, an example for the global community.
“For example, the Subak system in Bali, which has been recognized by UNESCO for its irrigation governance with local wisdom, or Lake Bratan, also in Bali. The Grand Forest Park (Tahura), and the importance of mangroves in supporting water management. These are examples that world leaders and delegates can directly observe,” said Endra.
“Domestic and international media are crucial, as they contribute to the forum’s success and serve as a bridge to disseminate the importance of water management for the sustainability of life in the future. We invite the media to observe and convey the many examples of water governance that we have implemented. From Indonesia to the world,” he added.
The 10th World Water Forum: Main Themes
The 10th World Water Forum in Bali will carry a main theme of “Water for Shared Prosperity.” This gathering of leaders will address and discuss water issues while seeking collective solutions to water governance challenges. The forum will produce a Ministerial Declaration (MD) as a main output, along with concrete deliverables (projects, initiatives, joint actions).
Indonesia will forward four proposals for the Ministerial Declaration (MD), including the establishment of a Centre of Excellence on Water and Climate Resilience (COE), mainstreaming Integrated Water Resources Management (IWRM) on Small Islands, and the designation of World Lake Day (WLD). Additionally, the MD will include a Compendium of Concrete Deliverables and Actions, an initiative for the follow-up to the 10th World Water Forum.
The World Water Forum & Expo: Bali Itinerary, May 18 ~ 25
The Forum’s opening will take place on Saturday, 18 May at Melasti Beach, with a “Balinese Water Purification Ceremony.” This event, to be attended by 1,500 people, includes Rahina Tumpek Uye (Balinese Hindu ceremony expressing gratitude to animals in human life) and Segara Kerthi (Balinese Hindu ceremony seeking blessings from the sea gods) ceremonies.
The Garuda Wisnu Kencana (GWK) Cultural Park will host the Welcoming Gala Dinner on Sunday, 19 May. The event will be attended by 2,500 people and will consist of 500 VVIP and VIP invitations. 2,000 people have been invited to attend the second location at GWK Lotus Pond.
The Opening Ceremony and High-Level Meeting commence on Monday, 20 May at the Bali International Convention Center (BICC), Nusa Dua. This will be followed immediately by meetings between responsible parties for the political, thematic, and regional processes, as well as bilateral meetings with several heads of state. 5,500 participants will attend.
The Forum’s Fair & Expo opening will be held at Nusa Dua Hall BNDCC on the same day, Monday, 20 May. The Fair & Expo venues will be spread across BNDCC, BICC, and Kuta Beach.
The sessions for political, thematic, and regional processes will be held from 20 – 25 May. Meanwhile, the High-Level Meetings and Ministerial Meetings will take place from 20 May to 21 May.
The Cultural Night (Farewell) will be held at Taman Bhagawan on Friday, 24 May. This event will be attended by 3,000 participants who will be welcomed and presented with Indonesian traditional food, regional dances, and culture.
Lastly, the Closing Ceremony will commence on Saturday, 25 May, at Mangupura Hall. After this event, participants will be taken on field trips, including the Water Museum in Tabanan, the UNESCO World Heritage Site of Jatiluwih, Lake Batur in Kintamani, and the Cultural Village in Ubud.
Please contact: Usman Kansong, +62 81 678 5320, Director General, Public Information and Communications, Ministry of Communications and Informatics (KOMINFO). For more news and information, please visit https://infopublik.id. Speakers and video conference materials at https://s.id/konpers.
Photo: Arvind Singhania, Chairman and CEO of Ester Industries Ltd. and Daniel Solomita, Founder and CEO of Loop Industries at Loop’s head office in Terrebonne, Quebec, Canada.
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