Unmasking Eco-Friendliness: The Truth Behind Misleading Green Claims
Excellence in Construction Award to highlight outstanding practices
Malta s inaugural Excellence in Construction Awards will honor contractors demonstrating exceptional practices in February. Organized by QP, a Maltese construction company with international operations, the event aims to set a standard for contractors and developers to follow. Reuben Xuereb, CEO of QP, advocates for the government to introduce standards certification that surpasses contractors licenses, as such certifications are often required for international projects. The awards, supported by the government and various industry stakeholders, are endorsed by construction reform minister Jonathan Attard. He believes the initiative will promote higher standards in the construction sector, recognizing excellence, encouraging collaboration, and inspiring future generations to engage in good practices. Contractors interested in nomination can apply here, and the winners of the 12 award categories will be selected by an international jury. The categories include dedication to sustainability, quality and workmanship, workforce training and development, commitment to wellbeing, health and safety, innovation, research and development, excellence in demolition and excavation works, excellence in infrastructure and civil works, excellence in mechanical and electrical installations, excellence in finishing works, and conservation awareness. The Excellence in Construction Awards is supported by the construction reform ministry and endorsed by various organizations, including the University of Malta, the Occupational Health & Safety Authority, the Building and Construction Authority, the Malta Development Association, Kamra tal Periti, the Malta Chamber of Construction Management, the Chamber of Engineers, Assoċjazzjoni Bennejja u Kuntratturi, the National Building Council, the Malta ESG Alliance, and the Environment and Resource Authority.
Source: timesofmalta.com
Published on 2024-10-03
Aircastle to Announce Second Quarter 2024 Results on October 10 , 2024
Aircastle Limited, a company that acquires, leases, and sells commercial jet aircraft globally, plans to release its second quarter financial results for the period ending August 31, 2024. The company will host a conference call on October 10, 2024, at 9:00 A.M. Eastern Time to discuss the financial results. The call will be accessible via phone numbers +1 (800) 836-8184 (U.S. and Canada) and +1 (646) 357-8785 (outside the U.S. and Canada). A simultaneous webcast will be available for public listening at www.aircastle.com. The webcast will be replayed on the company s website after the live call. As of May 31, 2024, Aircastle managed 259 aircraft leased to 77 customers in 44 countries. For more information, interested parties can contact Aircastle Advisor LLC s SVP ESG & Corporate Communications, Jim Connelly, at +1 (203) 504-1871 or [email protected] Aircastle Limited is a company that operates in the commercial aviation industry, providing aircraft leasing services to airlines worldwide. The company s financial results and conference call are part of its regular communication with stakeholders and the public. The webcast and replay options ensure that interested parties can access the information even if they cannot attend the live call. Source: Aircastle Advisor LLC, a company that manages newsrooms, digital media outlets, and journalists, with over 440,000 newsrooms, 9,000 digital media outlets, and 270,000 journalists opted in.
Source: prnewswire.com
Published on 2024-10-03
Aligning corporate foundations with ESG isnt just about meeting targets
The given text appears to be a message or instruction for users who have enabled an Ad-blocker on their web browser. The message suggests that the user should temporarily disable the Ad-blocker and reload the current webpage. This action is recommended because the Ad-blocker might be preventing certain content from loading properly, which could be essential for the webpage s functionality or intended display. Here s a concise summary of the message: Users with Ad-blockers enabled on their browsers are advised to temporarily disable the Ad-blocker and reload the current webpage. This is to ensure that all necessary content loads correctly, as the Ad-blocker might be obstructing it. In less than 350 words, the message can be summarized as follows: The message is a guidance for users with Ad-blockers, instructing them to disable the Ad-blocker and reload the webpage. This is to ensure that the webpage functions as intended and all necessary content is displayed correctly. The Ad-blocker might be blocking some elements, and disabling it momentarily can resolve any issues with the webpage s display or functionality.
Source: businessdailyafrica.com
Published on 2024-10-03
BB - REG - NET project identifies key barriers to adoption of bio - based materials
The Bio-based and Biodegradable Materials Regulatory Network (BB-REG-NET) project, funded by Innovate UK and led by various industry and academic partners, has identified key barriers to the widespread adoption of bio-based, biodegradable, and compostable materials (BB-materials). The study, which involved extensive literature review, stakeholder engagement, and research, highlighted several challenges: 1. High costs: Bio-based materials are more expensive due to higher feedstock costs and new technology requirements. Traditional fossil-fuel industries also benefit from subsidies, putting BB-materials at a disadvantage. 2. Regulatory hurdles: UK policy lacks cohesion, favoring fossil-based plastics. 3. Performance limitations: Inconsistent durability, limited shelf life, and difficulty achieving specific properties like heat resistance hinder the adoption of BB-materials. 4. Infrastructure gaps: The UK s recycling and composting infrastructure is not equipped to handle BB-materials, leading to contamination risks. 5. Consumer confusion: Low public awareness and misunderstanding of terms like biodegradable contribute to greenwashing campaigns. To address these challenges, the study suggests targeted interventions, including policy support, consumer education, and sustainable alternatives. Policy support involves developing a unified bioeconomy strategy with clear regulations and standardized certification to allow BB-materials to compete fairly with fossil-based products. Consumer education and well-crafted communications strategies are recommended to ensure correct use and disposal of BB-materials. The study also emphasizes the positive benefits of BB-materials, such as reducing dependence on fossil fuels, cutting greenhouse gas emissions, stimulating job creation, and supporting farmers with non-food-based income streams. With the UK chemical sector aiming to source 80% of its carbon needs from non-virgin fossil sources by 2050, BB-materials are expected to cover 30% of this sustainable carbon. The BB-REG-NET hopes that further research will help polic
Source: resource.co
Published on 2024-10-03
BOC Group 21st Strategic Partner Meeting Highlights Customer Success and Data - Driven Transformation
The 21st Strategic Partner Meeting (SPM) hosted by BOC Group in Vienna on September 12th and 13th attracted over 600 attendees from leading organizations. The event focused on Business Process Management (BPM), Enterprise Architecture (EA), and Governance, Risk, and Compliance (GRC), highlighting how BOC Group s flagship products utilize reliable information to drive business transformation and success globally. The conference began with a keynote from the BOC Group Management Board, emphasizing the benefits of integrating ADONIS, ADOIT, and ADOGRC for informed decision-making. Esteemed customers, including Allianz, Cisco, Estée Lauder, and Coca-Cola, shared success stories showcasing how BOC s tools have transformed their operations and improved business outcomes. Boo Squires from Allianz UK discussed how ADONIS has driven their operational success through a thriving process community. Elmar Els from Coca-Cola Beverages Africa highlighted the role of ADONIS and ADOIT in establishing their Enterprise Architecture practice and aligning business trends with strategic priorities. SPM 2024 offered a dynamic blend of learning and networking through exclusive presentations and engaging product workshops. Attendees explored the latest trends and innovations, such as AI-driven features for Process Management and Enterprise Architecture, as well as cutting-edge solutions addressing compliance use cases related to ESG, DORA, and NIS2. To extend the event s impact and share valuable insights with a broader audience, BOC Group is providing all session recordings for on-demand viewing. Attendees are encouraged to explore these sessions and stay ahead of the curve with the latest trends shaping the future of BPM, EA, and GRC. BOC Group develops and markets state-of-the-art Enterprise Modelling Software in the domains of BPM, EA, and GRC, enabling effective business management in the digital era. The company has a team of over 300 employees and more than 120 partners globally.
Source: prnewswire.com
Published on 2024-10-03
Constellation Brands : Earnings Release and Financial Tables Q2 2025
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Source: marketscreener.com
Published on 2024-10-03
energyRe and Google Sign 12 - Year Power Purchase Agreement for 435 - MWdc Solar Project
Google has entered into a 12-year power purchase agreement with energyRe, a leading independent energy company, to acquire renewable energy from a 435-megawatt (MWdc) solar project. The solar project, which will be developed, owned, and operated by energyRe, aims to supply electricity and Renewable Energy Credits (RECs) to Google, enabling the tech giant to power over 56,000 homes. This agreement aligns with Google s ambitious goal to achieve 24/7 carbon-free energy across all grids where the company operates by 2030. The deal was facilitated through LEAPtm, a platform co-developed by Google and LevelTen Energy, designed to streamline the process of clean energy buying and selling. Amanda Peterson Corio, Google s Global Head of Data Center Energy, highlighted the company s commitment to accelerating the delivery of new clean power to the grid. Miguel Prado, CEO of energyRe, expressed pride in delivering reliable clean power to support Google s sustainability and decarbonization objectives. He emphasized that energyRe s proven track record in providing clean energy solutions makes it a trusted partner for companies striving to reduce their carbon footprints. Nationally, energyRe s onshore utility-scale portfolio includes 1,520 MWdc of contracted solar assets and 398 megawatt-hours (MWh) of contracted battery storage assets. The company, which has offices in New York, Houston, Indianapolis, and Charleston, is dedicated to addressing complex sustainability challenges and offering clean energy solutions in various sectors, including transmission, onshore wind, solar, offshore wind, energy storage, and distributed generation. This partnership between Google and energyRe represents a significant step towards a more sustainable future, as both companies work together to achieve their respective goals of carbon neutrality and clean energy production. The agreement was announced on October 3, 2024, and distributed by PRNewswire. Source: energyRe News published on 3 october 2024 at 10:0
Source: lelezard.com
Published on 2024-10-03
Event for women working on Sustainable Development business held at Miranda
The Delhi University s Miranda House hosted a two-day conclave, UnPollute, organized by STEP in collaboration with the institution. The event aimed to empower women business owners in waste management, circular economy, climate technology, and ESG practices by fostering collaborations, mentorship, and investment opportunities. Additional Secretary Arti Bhatnagar from the Ministry of Commerce & Industry highlighted the government s support for women entrepreneurs, including the Start-up India Seed Fund Scheme. Reinu Shah, STEP s Founder, emphasized the role of women entrepreneurs in job creation and systemic change. Miranda House Principal Bijayalaxmi Nanda reiterated the institution s commitment to nurturing future leaders in environmental sustainability through partnerships. Keynote speakers, including Sanjiv Singh and entrepreneurs like Garima Poonia and Manik Thapar, stressed the importance of innovation and rethinking waste management for sustainability. The event featured start-up pitching sessions, a Meta-led master class, and concluded with an award ceremony recognizing exceptional women founders for their contributions to climate action. Three women-led start-ups received grants of Rs. six lakhs, including Green Gum, India Recycles owned by Pahal Garwa, and Kiasha’s MTL Pvt Ltd led by Anisha Shetty. Overall, the conclave aimed to amplify the impact of women entrepreneurs in driving India s sustainability journey and fostering innovative solutions to address climate change.
Source: dailypioneer.com
Published on 2024-10-03
Google CEO Eyes Atomic Power For AI Data Centers As Big Tech Seeks Nuclear Revival To Achieve Net Zero
Google CEO Sundar Pichai revealed in an interview that the tech giant is considering nuclear energy as a potential green source to power its AI data centers. This comes amidst the company s ambitious goal to achieve net-zero emissions by 2030, despite a significant increase in power consumption and greenhouse gas emissions due to the proliferation of AI data centers. Pichai acknowledged the challenge of meeting the net-zero emissions target, especially with the scale of AI investments. To address this, Google is exploring additional investments in green energy, such as solar, and evaluating technologies like small modular nuclear reactors. The company s interest in nuclear energy is not unique, as other tech giants like Microsoft have also signed power agreements with dormant nuclear power plants, such as Three Mile Island. Moreover, the Biden administration has closed a $1.52 billion loan with Holtec s Palisades nuclear plant in Michigan to revive it. The funding markets are becoming more receptive to nuclear deals as governments and big tech recognize the importance of nuclear power in achieving ambitious net-zero goals. In December 2020, a note titled Buy Uranium: Is This The Beginning Of The Next ESG Craze? highlighted the increasing interest in uranium prices, which are expected to rise steadily over time. In summary, Google is considering nuclear energy as a potential green source to power its AI data centers, joining other tech giants in exploring this option to meet their net-zero emissions targets. The funding markets are also showing growing interest in nuclear deals, as governments and big tech understand the crucial role of nuclear power in achieving ambitious climate goals.
Source: zerohedge.com
Published on 2024-10-03
Grass - fed beef : What does it really mean ?
Rukiyah, a TikToker, recently shared a video that went viral, amassing 9.9 million views, to debunk misconceptions about grass-fed beef. Contrary to popular belief, grass-fed simply means the cattle are fed grass, not necessarily that they are pasture-raised. Rukiyah s video highlights the confusion between grass-fed and pasture-raised, with the latter implying the animals are free-roaming and living off the land. The FDA s minimum standard for grass-fed beef allows for greenwashing and marketplace deceit, as animals may be kept indoors or fed hay instead of grazing. While most grass-fed beef is raised outside at pasture, some may also be finished on grain. To ensure a pasture-raised and grass-fed cow, the food packaging must explicitly state both. The debate between grass-fed and grain-fed beef centers on nutritional differences. Grass-fed beef generally contains less total fat and more healthy fats like Omega 3s and Conjugated linoleic acid. However, it can be more expensive, making it a less viable option for some consumers. Grain-fed beef, while potentially less nutritious, remains a cost-effective source of protein. Rukiyah s video sparked discussions among viewers, with many already aware of the differences between pasture-raised and grass-fed meat. Some viewers emphasized the importance of supporting small farmers who genuinely raise grass-fed pasture-raised animals. In summary, Rukiyah s viral video shed light on the misconceptions surrounding grass-fed beef, emphasizing the need for clear labeling to distinguish between grass-fed and pasture-raised meat. The debate between grass-fed and grain-fed beef continues, with nutritional benefits and cost considerations playing a significant role in consumer choices.
Source: dailydot.com
Published on 2024-10-03
Hindustan Zinc awarded at the 5th TIOL Taxation Awards 2024 for Outstanding Tax Transparency
Hindustan Zinc, India s largest and the world s second-largest integrated zinc producer, has been honored with a Bronze award in the Corporate Above Rs 5000 Cr Turnover category at the 5th TIOL Taxation Awards 2024. The award, presented by notable Indian officials and former RBI Governors, recognizes the company s exemplary tax transparency and corporate governance practices. Hindustan Zinc s commitment to nation-building and its consistent support for the government s vision of Atmanirbhar Bharat are highlighted. The company s voluntary tax disclosures showcase its significant contribution to India s economic development, infrastructure growth, and socio-economic well-being. The company s tax transparency is a key aspect of its broader ESG agenda, building stakeholder trust and upholding high standards of corporate governance. The award received by Hindustan Zinc is a testament to its dedication to transparent tax disclosures and excellence in reporting. In FY 2023-24, Hindustan Zinc contributed INR 13,195 crore to the exchequer, accounting for nearly 46% of its total revenues. Over the past five years, its cumulative contribution has reached INR 77,803 crore, playing a crucial role in the country s economic and societal development. Hindustan Zinc Limited, a Vedanta Group company, holds a market share of about 75% of the primary zinc market in India and supplies to more than 40 countries. The company has been recognized as the world s most sustainable company in the metals and mining category by the S&P Global Corporate Sustainability Assessment 2023. It has also launched EcoZen, Asia s first low carbon green zinc brand, and is committed to achieving Net Zero emissions by 2050 or sooner. The award received by Hindustan Zinc reflects its commitment to tax transparency, corporate governance, and sustain
Source: udaipurkiran.com
Published on 2024-10-03
How Are Countries Reporting Progress Toward Net - Zero Commitments ?
Countries are increasingly setting political and policy commitments to achieve net-zero greenhouse gas (GHG) emissions, with many aiming for this goal by 2050. To track progress toward these commitments, it is crucial for governments to monitor, assess, and report on their advancements. This process not only aids in improving planning but also promotes accountability, transparency, and trust among stakeholders. The World Resources Institute (WRI) reviewed various net-zero reporting methodologies and national processes to understand how countries can report on their progress. The assessment highlighted the need for clear definitions of net-zero targets, including scope and legal status, and the importance of monitoring sector-specific actions and cross-cutting enabling actions. These actions encompass finance, governance, stakeholder engagement, carbon dioxide removal, and just transition. Different methodologies and frameworks have been established by organizations to assess net-zero progress. These frameworks often track both sectoral and enabling actions using an indicator-based approach. Transparent reporting on carbon dioxide removal (CDR) is also crucial, with countries needing to specify targets for emission reductions and removals, and provide methodologies and assumptions in line with the Paris Agreement. Countries are not required to report on net-zero progress under the Paris Agreement, leading to a variety of national reporting practices. For example, Canada has a reporting process outlined in the Net-Zero Emissions Accountability Act, Chile has decentralized net-zero implementation across several government agencies, and the United Kingdom has detailed plans for meeting carbon budgets. To report internationally on their net-zero progress, countries can use the Paris Agreement s Enhanced Transparency Framework (ETF). This includes reporting on policies and measures, projections for future GHG emissions, and tracking progress made in implementing and achieving Nationally Determined Contributions (NDCs). To enhance understanding and advance good practices for assessing progress, further research, dialogue, and capacity building are needed. Countries with net-zero targets but without a defined tracking system can learn from their peers and establish relevant processes for institutionalizing reporting. Countries with established net-zero targets
Source: wri.org
Published on 2024-10-03
JP Morgan Forecast Integrated Resorts $5B Boost to Thailand Economy
Thailand is set to become a significant player in the global gaming and tourism industry, with integrated resorts (IRs) projected to generate annual revenues between US$1.5 billion and US$5 billion, potentially contributing up to 1% to the country s GDP. JP Morgan s analysis suggests that large-scale projects in Bangkok, with an estimated budget of US$3-6 billion, could start operations by 2031, yielding EBITDA between US$0.4 billion and US$1.5 billion and an internal rate of return of 12-29%. The government s approach to awarding licenses will be pivotal, with one to three licenses initially granted for Bangkok projects, followed by smaller regional complexes. IRs in Bangkok are expected to draw a substantial number of foreign tourists, with gross gaming revenue (GGR) projected to account for over 90% of total revenues, despite occupying only about 5% of the total gross floor area. Thailand s diverse tourist attractions and cultural offerings are expected to give it a competitive edge over major gaming hubs like Macau and Singapore. The Thai government is working on the Entertainment Complex (EC) Bill, which is expected to be deliberated in parliament later this year. This legislation aims to formalize the gambling sector and redirect the substantial underground economy into the formal sector. Potential operators, including global giants like Galaxy Entertainment Group, Genting Singapore, and MGM China, are anticipated to form joint ventures with local entities to leverage regional expertise in land and property management. However, the entry into the casino business carries potential risks, particularly related to investment based on environmental, social, and governance (ESG) criteria. Around half of sustainable AUM globally are subject to gambling exclusions, posing a challenge for Thai companies aiming to attract ESG-focused investments. With the legislation expected to be in place between 2024 and 2026 and official bidding projected for at least 2028, the path towards realizing these integrated resorts requires careful planning and execution. The successful integration
Source: news.worldcasinodirectory.com
Published on 2024-10-03
MarketAxess Announces Trading Volume Statistics for September and Third Quarter 2024
MarketAxess Holdings Inc., a prominent electronic trading platform specializing in fixed-income securities, has released trading volume and preliminary variable transaction fees (FPM) for September 2024 and the third quarter concluding on September 30, 2024. The company s CEO, Chris Concannon, made the announcement, highlighting the significance of these figures in understanding the platform s performance and market activity during the specified period. The trading volume and FPM data for September 2024 and the third quarter ending September 30, 2024, provide valuable insights into the market dynamics and investor behavior. The trading volume reflects the number of securities traded during the period, while the FPM represents the variable transaction fees charged per million units of traded securities. The release of this information by MarketAxess allows investors, market participants, and analysts to assess the liquidity and cost-efficiency of the platform. Higher trading volumes indicate a more active market, which can be beneficial for investors seeking to execute large orders without significantly impacting the market price. Conversely, lower trading volumes may suggest a less active market, potentially leading to wider bid-ask spreads and higher transaction costs. The variable transaction fees, or FPM, are an essential aspect of the trading experience on MarketAxess. These fees are charged per million units of traded securities and can impact the overall cost of executing trades. A lower FPM can make the platform more attractive to investors, as it reduces the expenses associated with trading activities. In summary, MarketAxess Holdings Inc. s announcement of trading volume and preliminary FPM for September 2024 and the third quarter ending September 30, 2024, provides crucial information for market participants. The data sheds light on the platform s performance, liquidity, and cost-efficiency, enabling investors and analysts to make informed decisions about their trading strategies and investment choices. CEO Chris Concannon s commentary emphasizes the importance of these figures in understanding the market dynamics and the role of MarketAxess
Source: wallstreet-online.de
Published on 2024-10-03
Pertamina Group Prepares Bioethanol Ecosystem to Push Energy Transition
Pertamina Group, a major Indonesian energy company, is actively developing a bioethanol ecosystem to support the country s energy transition and reduce reliance on fossil fuels. The initiative is part of a long-term strategy, starting from 2024 to 2035, to increase the production of bioethanol as a raw material for Pertamax Green, a bioethanol-blended fuel. The current national ethanol production capacity stands at around 180,000 kiloliters per year, but the demand for ethanol blends, such as E5 and E10, is much higher, with a need of 1.9 million kiloliters per year. To address this gap, Pertamina NRE has signed an agreement with PT Sinergi Gula Nusantara to construct a new bioethanol plant in Glenmore, Banyuwangi, with a capacity of 30,000 kiloliters per year. In addition to sugar cane, Pertamina is exploring other potential raw materials for bioethanol production, such as sorghum, nipah, and empty bunches of palm oil. The company aims to diversify the types of raw materials used to avoid interfering with the national need for sugar cane for food. The transport sector, a significant contributor to greenhouse gas emissions in Indonesia, is a key target for the use of environmentally friendly fuel. The government has encouraged the development of bioethanol as a blend for gasoline-type fuels through Presidential Regulation No. 40 of 2023. Pertamina s commitment to developing clean energy aligns with the government s aspiration of achieving net zero emissions by 2060. The development of bioethanol not only supports Indonesia s enhanced nationally determined contribution (ENDC) target but also has the potential to create great value by opening up job opportunities in the raw material cultivation and distribution sectors. Pertamina Vice President Corporate Communication Fadjar Djoko Santoso highlighted the company s potential in bioethanol development, emphasizing its role
Source: en.republika.co.id
Published on 2024-10-03
Seeking security - Asset Servicing Times
The implementation of legal entity identifiers (LEIs) in Australia s over-the-counter (OTC) derivative transaction reporting marks a significant shift in financial regulations. LEIs, unique identifiers for entities in the global financial system, have been instrumental in enhancing transparency and security in financial markets. However, their adoption has been uneven across jurisdictions due to factors like technological readiness and concerns over sovereignty. Despite initial skepticism, LEIs have proven valuable in identifying legal entities, improving regulatory oversight, and enabling authorities to respond to emerging risks more effectively. They have also facilitated a more consistent approach to cross-border financial regulations, although full harmonization remains a work in progress. In Australia, the compulsory use of LEIs for OTC transactions from October onwards raises questions about the broader legacy of LEIs and the importance of regular renewals for maintaining data integrity and accuracy. While the non-compulsory renewal policy may pose some limitations, the move towards streamlined OTC reporting is seen as a positive step. Overall, LEIs have contributed to increased credibility, transactional security, and transparency in financial markets. As global regulations continue to evolve, the role of LEIs in preventing market disruptions and aligning with international standards becomes increasingly crucial. However, ongoing dialogue between regulators and industry stakeholders is essential to achieve full harmonization and maximize the benefits of LEIs.
Source: assetservicingtimes.com
Published on 2024-10-03
SET closed at 1 , 442 . 73 , down 8 . 67 points - Thailand Business News
On October 3, 2024, the SET index closed at 1,442.73, down 8.67 points, with a trading volume of 15,258,077 shares valued at 57,538.87 million Baht. INTUCH and AOT were the top performers, while BDMS and CPALL saw declines. Foreign investors had a net selling of 5,361.17 million Baht. The SET50, SET100, and SETTRI indices also showed negative changes. The global market is experiencing mixed signals of economic recovery, with advanced economies showing stronger rebound compared to emerging markets facing inflation and geopolitical tensions. Inflation remains a concern, prompting central banks to adjust monetary policies. Sustainability and ESG investments are gaining momentum, with companies demonstrating commitment to sustainability attracting interest from ethical investors and experiencing improved performance. The shift towards sustainability is creating opportunities in green technology sectors. Digital transformation is accelerating across industries, with e-commerce thriving and businesses investing in digital platforms and cybersecurity. The tech sector remains robust, driven by innovations in artificial intelligence, fintech, and cloud computing. Geopolitical tensions and supply chain disruptions have become significant concerns for investors, leading companies to reassess their dependency on global suppliers and prioritize supply chain resilience through onshoring and regional partnerships. Overall, the market is navigating complexities of economic recovery, inflation pressures, shifting consumer behaviors, and geopolitical tensions, with sustainability and digital transformation playing key roles in shaping the economic landscape.
Source: thailand-business-news.com
Published on 2024-10-03
Starburst Appoints Steve Williamson as General Manager of Europe , Middle East , and Africa
Starburst, an open data lakehouse company, has appointed Steve Williamson as SVP and General Manager to lead its growth in the EMEA region. The company aims to address the increasing demand for AI and ML technologies in the area by offering hybrid solutions that enable secure and efficient access to enterprise data across on-premises and cloud IT environments. Steve Williamson brings over 20 years of experience in technology leadership, having previously served as General Manager of EMEA at Apptio and held executive roles at Acquia, Demandware/Salesforce, DELL/EMC, and Oracle. His expertise in delivering innovative technology to EMEA customers will be instrumental in Starburst s expansion plans. Starburst s platform, Trino and Apache Iceberg (also known as Icehouse ), simplifies access to enterprise data in both on-premises and cloud architectures. This enables European enterprises to navigate challenges in data privacy, security, and compliance while meeting the dynamic needs of the market. The company s goal is to help its customers accelerate their AI, ML, and analytics capabilities, ultimately driving faster revenue growth and lower costs while mitigating data risks. Starburst is the leading end-to-end data platform that empowers data-intensive and security-conscious organizations, such as Comcast, Halliburton, Vectra, EMIS Health, and 7 of the top 10 global banks, to democratize data access, enhance analytics performance, and improve architecture optionality. With the Open Hybrid Lakehouse from Starburst, enterprises globally can easily discover and use all their data to power AI and other business-critical applications like anti-money laundering and fraud analytics, next best products, customer 360, log analytics, and ESG reporting. For more information, visit Starburst s website at https://www.starburst.io/. Source: Starburst Appoints Steve Williamson as General Manager of Europe, Middle East, and Africa Note: The information provided in this article was created by Cision PR Newswire, our news partner. The author s opinions and
Source: thailand-business-news.com
Published on 2024-10-03
Stonehearth Capital Management LLC Has $2 . 57 Million Holdings in Nuveen ESG Small - Cap ETF ( BATS : NUSC )
Stonehearth Capital Management LLC reduced its stake in Nuveen ESG Small-Cap ETF (NUSC) by 0.5% in the third quarter, as per its latest Form 13F filing with the SEC. The firm held 59,894 shares after selling 276 shares during the period. NUSC represents approximately 1.0% of Stonehearth s portfolio, making it its 20th largest holding. The company s investment in NUSC was valued at $2,566,000 at the end of the quarter. Other significant investors also adjusted their positions in NUSC during the fourth quarter. Stifel Financial Corp increased its holdings by 2.0%, owning 130,079 shares worth $5,086,000 after purchasing an additional 2,578 shares. Wescott Financial Advisory Group LLC also boosted its stake by 2.6%, holding 37,399 shares valued at $1,462,000 after acquiring 936 shares. Clarity Asset Management Inc., Adroit Compliance LLC, and EP Wealth Advisors LLC each made new investments in NUSC during the same period, with values of $87,000, $1,364,000, and $308,000 respectively. NUSC, with a market cap of $1.21 billion, a P/E ratio of 15.74, and a beta of 1.17, experienced a slight decline of 0.1% in its trading value, opening at $42.29 on Thursday. The fund s 12-month low and high are $24.96 and $29.93, respectively. NUSC is an ETF based on the MSCI TIAA ESG USA Small Cap index, tracking a multi-factor-weighted index of small-cap companies listed on US exchanges. It screens holdings for ESG criteria and is managed by Nuveen. For more information on
Source: tickerreport.com
Published on 2024-10-03
Texa Abbott Touts Dallas Finance Hub as New Bourse Makes Hires
Texas Governor Greg Abbott expressed optimism that the establishment of the Texas Stock Exchange will elevate Dallas to become the leading financial center in the United States. Abbott believes that the addition of a stock exchange to Dallas will solidify its position as the financial heartbeat of the country. He highlighted that Texas already employs more people in financial services than New York, and the recent expansion of data centers in the state will support rapid transaction speeds once the exchange is operational. Abbott met with officials from the new bourse, which has raised $135 million with backing from investors like BlackRock Inc. and Citadel Securities. The exchange plans to file registration documents with the SEC in the coming months. The Texas governor also discussed the possibility of listing Elon Musk s companies on the exchange, receiving a positive response. Musk s companies, including SpaceX, Neuralink, and X, align with the exchange s approach to business. The Texas Stock Exchange aims to reduce burdensome regulations for businesses, notably by not imposing environmental, social, and governance (ESG) thresholds on listed companies. This stance aligns with the Texas Republican Party s efforts to crack down on ESG investment practices. In summary, the Texas Stock Exchange is poised to transform Dallas into the top financial center in the U.S., with Governor Abbott and other officials working to change perceptions of the U.S. financial landscape outside of New York. The exchange s focus on reducing regulations and its potential to attract companies like Musk s further solidify its role in the financial sector.
Source: insurancejournal.com
Published on 2024-10-03
The IBA has announced Pawel Marcin Golebiowski as the winner of the inaugural David W Rivkin Fellowship
Paweł Marcin Gołębiowski has been selected as the inaugural recipient of the David W Rivkin Fellowship, following his participation in the International Bar Association (IBA) internship program in London. The Fellowship, which includes a monetary award and mentorship, honors former IBA President David W Rivkin and aims to support young lawyers in their careers. Gołębiowski expressed his gratitude for the opportunity to learn from Rivkin s experience in international treaty and public international law litigation. David W Rivkin, the former IBA President, expressed his honor in having the Fellowship named after him. He has a long history of mentoring young lawyers and sees the Fellowship as a valuable resource for IBA interns working on important global issues. Prior to the IBA internship, Gołębiowski completed an internship at the United Nations, trained at The Hague Academy of International Law, and earned a Masters Degree in Law in Public International Law from University College London. Rivkin, an independent arbitrator affiliated with Arbitration Chambers in New York, London, and Hong Kong, has been recognized as a global leader in international arbitration. The Fellowship is open to all IBA interns based in the Association s London office, and applicants must be successful in securing a place as a London-based IBA intern to be eligible. Applicants are required to submit a thousand-word essay in English on the role of lawyers in society for the Fellowship. Those who advance to the second round will be asked to submit a video on their career aspirations and answer a technical question about a law topic. The application process for the 2025 internships and the David W Rivkin Fellowship is now open and will close on November 22, 2024. For more information and to apply, contact internprogramme@int-bar.org. The International Bar Association (IBA) is a global organization for legal practitioners, bar associations, and law societies, established in 1947. It aims to contribute to global stability and peace through the administration of justice and has collaborated on various international projects with organizations such as the United Nations and the World
Source: ibanet.org
Published on 2024-10-03
The International Carbon Materials Union ( ICMU ) Singapore Liaison Office was established
On September 24, 2024, the inauguration ceremony for the International Carbon Materials Union (ICMU) Singapore Liaison Office took place at the Glory Zenith Group s office in Singapore. The event signified the commencement of preparations for ICMU s establishment in Southeast Asia. Hosted by ICMU Secretary-General Liu Wei, the ceremony was attended by senior advisors from ICMU and representatives from Singapore s finance, media, and technology sectors. Glory Zenith Group, a company with core values of integrity, innovation, collaboration, and win-win principles, is committed to becoming a global leader in the semiconductor functional materials industry. The group aims to achieve full coverage of the entire industry chain and has strategic headquarters in the United States. Its product portfolio includes industrial semiconductor materials and jewelry, with its own jewelry brand. The company is actively expanding its global presence, establishing a cooperative sales network in Europe, the United States, Asia, and other markets. It is also strengthening its position in the semiconductor field by broadening its product and market coverage. The International Carbon Materials Union (ICMU) is a non-governmental organization initiated by the Beijing Advanced Materials Industry Promotion Association in collaboration with leading carbon material industrialization organizations worldwide. The Union consists of leading enterprises, renowned research institutions, specialized service organizations, and international associations in the carbon materials field. Its mission is to establish an open, forward-looking international platform for exchange and cooperation in the industrialization of carbon material technologies, promoting their global industrialization. Source: Beijing Advanced Materials Industry Promotion Association Reporter: PR Wire Editor: PR Wire Copyright © ANTARA 2024
Source: en.antaranews.com
Published on 2024-10-03
Thomas Delille
Thomas Delille is a legal expert who assists individual companies and industrial associations in navigating the complex landscape of EU regulations, particularly those related to chemicals, environmental, social, and governance (ESG) issues. His practice encompasses the entire regulatory life cycle, from influencing the creation of EU legislation to devising compliance strategies for existing laws. Thomas has extensive experience in EU litigation, having represented clients before EU Courts and the Board of Appeal of the European Chemicals Agency (ECHA) on REACH and CLP matters. He has also honed his expertise in addressing intricate due diligence obligations under biodiversity legislations, such as the Nagoya Protocol. This knowledge enables him to guide clients on emerging due diligence obligations in the ESG context, including the EU Batteries Regulation, deforestation, and the upcoming CS3D. Before his current role, Thomas served as counsel in the regulatory and government affairs practice of another international law firm. Prior to that, he gained valuable experience at the Court of Justice of the European Union and the European Parliament. Additionally, he worked as a researcher at the Centre for European Law of the University of Luxembourg. In summary, Thomas Delille is a seasoned legal professional with a strong background in EU regulations, particularly in the areas of chemicals, ESG, and biodiversity. His expertise in navigating the complexities of EU legislation and his experience in various legal settings make him a valuable asset to companies and associations seeking to comply with and influence EU regulations.
Source: natlawreview.com
Published on 2024-10-03
To really be greener , businesses need to look to the boardroom
Greenwashing, the act of misleading the public about environmental efforts, is increasingly prevalent as the climate crisis worsens. This deceptive practice hinders the achievement of global climate change objectives. A notable instance of greenwashing involved the Paris 2024 Olympic organising committee, which aimed to create the most eco-friendly games by reducing plastic waste. However, concerns arose due to the continued use of plastic bottles and cups by Coca-Cola, a major sponsor. Other high-profile cases include oil giant Shell, airlines AirFrance, Etihad, and Lufthansa, and bank HSBC, all of which faced ad campaign bans in the UK for allegedly misleading the public about their climate efforts. Shell disputed the claims, while Etihad and Lufthansa revised their advertisements post-ruling. HSBC pledged to better engage customers in the low-carbon economy transition. These incidents raise questions about board directors effectiveness in driving environmental change. Boards, elected by shareholders, are responsible for overseeing corporate activities and ensuring alignment with climate change goals. A study of large US companies revealed that co-opted boards, where directors are appointed after the chief executive s tenure begins, can decrease greenhouse gas emissions intensity in industries affected by climate change. However, this relationship varies over time, and emissions may decline more slowly with increased research and development investments. Co-opted boards can also lead to over-investment in inefficient research and development projects, such as poorly designed carbon-reduction programs or unproven renewable technologies. This misalignment with financial and ESG goals can result in approving projects that do not support the company s objectives. To address these issues, several steps can be taken. First, prioritizing the appointment of independent directors with no ties to top executives or major stakeholders can provide objective oversight and hold managers accountable for their environmental actions. Regulators can establish clear guidelines for board composition and independence. Investors can use their influence through resolutions and votes to push for more climate change
Source: theconversation.com
Published on 2024-10-03
UN Global Compact Network Australia Unites Australian Business Heavyweights To Get Serious About Sustainability
The UN Global Compact Network Australia (UNGCNA) is convening a high-profile event, UNiting Business LIVE Australia: Sustainability in Action, to encourage Australian business leaders to prioritize sustainability. The event, featuring key figures like Kate Dundas and Sanda Ojiambo, aims to inspire and provide actionable advice for integrating sustainability into business strategies. Dundas emphasizes the need for systems-wide change and highlights the missed opportunities for Australian businesses to align profit with purpose. The event will cover various themes, including leveraging First Nations knowledge for environmental protection, sustainable growth, and the use of AI for sustainability. Ojiambo stresses the private sector s crucial role in addressing sustainability challenges, including environmental and social issues. The event will focus on progressing the Australian sustainable business agenda through the UN Sustainable Development Goals (SDGs) and the Ten Principles of the UN Global Compact. The conference, taking place at Doltone House in Sydney, aims to drive a positive impact on the industry, ecosystem, and planet. It is open to all business and sustainability leaders who wish to contribute to a more sustainable and profitable future for corporate Australia. The event is part of the UNGCNA s efforts to help businesses keep environmental and social sustainability at the forefront, aligning with the UN s Sustainable Development Goals. It also addresses the upcoming mandatory climate-related financial reporting in Australia, urging businesses to future-proof and integrate ESG principles into their operations. For work use, Scoop requires a licence, which can be obtained for a small monthly fee. This Ethical Paywall ensures public access to news while supporting the sustainability of Scoop.
Source: scoop.co.nz
Published on 2024-10-03
Vietnam ESG Initiative 2024 winners announced
Deputy Minister of Planning and Investment Tran Quoc Phuong highlighted the importance of sustainable development and the need for Vietnamese enterprises to innovate and adopt green transformation to remain competitive. The Vietnam ESG Initiative 2024, supported by the US Agency for International Development (USAID), aims to enhance Vietnamese businesses competitiveness and sustainable practices. The event, themed Seizing Green Transformation Opportunities, saw the launch of a program supporting private firms in securing business sustainability from 2022 to 2025. This initiative has improved awareness of business sustainability and ESG for nearly 3,400 businesses, with 400 companies receiving in-depth ESG training. Tools for assessing sustainable business and ESG practices were also made available online. The Vietnam ESG Initiative 2024 attracted numerous businesses with various green transition and sustainability initiatives. Ten shortlisted companies received intensive training and advice from the USAID Improving Private Sector Competitiveness (IPSC) project to refine their plans. Three companies, Ecoka, Saigon Secoin, and Shinec, were awarded for their outstanding ESG implementation plans. EMIC Hospitality received special recognition for its efforts in sustainable tourism. The winners will receive technical support valued at 2 billion VND (81,000 USD) to implement their ESG initiatives. The event also introduced ESG tools and a handbook on legal regulations on ESG, helping businesses align with sustainability standards and legal requirements to enhance their competitiveness and readiness for global market requirements.
Source: en.vietnamplus.vn
Published on 2024-10-03
Watts Water Technologies , Inc . Named One of America Greenest Companies 2025 by Newsweek
Watts Water Technologies, Inc. (NYSE: WTS), a prominent global manufacturer specializing in plumbing, heating, and water quality solutions, has earned the distinction of being named one of America s Greenest Companies by Newsweek magazine. The company s commitment to environmental sustainability has also led to its recognition among the Top 300 companies in the U.S. This accolade highlights Watts Water Technologies dedication to implementing eco-friendly practices and innovative solutions in its operations. The company s focus on sustainability not only contributes to a healthier environment but also sets a benchmark for other businesses in the industry. The press release, which includes multimedia content, can be accessed at the provided link: https://www.businesswire.com/news/home/20241003209401/en/. This recognition further solidifies Watts Water Technologies position as a responsible and forward-thinking leader in the plumbing, heating, and water quality solutions sector.
Source: wallstreet-online.de
Published on 2024-10-03