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Coway Gets Closer to Its Environmental Goals through ESG Initiatives

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– The company has aimed for a 100% reduction in greenhouse gas emissions by 2050 through ‘carbon neutrality.’

SEOUL, South Korea, Aug. 28, 2024 /PRNewswire/ — Back in 2006, Coway, true to its name as the “Best Life Solution Company,” pledged to follow an ESG framework that would minimize the environmental impact of its business operations. Coway announced that by 2030, greenhouse gas emissions would be reduced by 50% compared to 2020. On a mid-to-long-term basis, the company plans to operate on 100% renewable energy and be fully carbon neutral by 2050.

Since declaring its ESG framework in 2006, Coway has actively implemented its mission, vision, environmental policies, and goals.

In 2021, Coway strengthened its commitments by establishing an ESG committee and accelerated its strategic ESG goals by publicly disclosing initiatives to be reached in each area by 2023.

Waste Recovery and Recycling System for Improved Resource Circulation

Coway seeks to move towards a circular economy by using a cycle of recovering, reusing, and recycling old resources. The goal is to achieve a 100% waste recycling rate and a 100% industrial waste resource recovery rate by 2030.

An example of this is Coway’s waste mattress recovery and recycling system, which has been in effect since 2018. The company takes control of the entire recycling process, from collecting used mattresses to cutting and shredding, and separating valuable materials such as scrap metal and synthetic resin to promote more efficient resource circulation. The system was recognized by the Ministry of Environment as an exemplary case of resource circulation in South Korea.

Coway also minimizes its environmental impact by using recycled materials in its products. The Winner Air Purifier uses recycled PCR plastics in most internal and external components, significantly reducing waste. Since 2022, Coway has also used non-combustible recycled materials in its bidet products, with plans for further expansion.

Renewable Energy Usage in Business Sites

To reduce greenhouse gas emissions and environmental pollutants throughout the manufacturing processes, Coway has invested in and continues to adopt renewable energy sources. The company is using solar power in three of its factories – Yugu Factory (49.5kWh), Incheon Factory (39kWh), and Pocheon Factory (45kWh), as well as in Yugu distribution center (1,048.8kWh). The company also produces renewable energy through solar power plants 001 and 002.

In 2023, these installations enabled Coway to produce and consume approximately 185 MWh of electricity internally, which is the equivalent of reducing greenhouse gas emissions by about 81 tons.

Cultivation of Eco-Friendly Culture

Coway’s ongoing environmental campaigns promote its culture of environmental awareness. The “Coway River Plogging Campaign” was initiated in 2022, and its annual events encourage eco-friendly practices like collecting litter while jogging or walking near water and fostering environmental stewardship in daily life. The 2023 campaign saw a 41% increase in participation compared to the previous year, a testament to its widespread community support.

The Coway “Classroom Forest Project” instills environmental awareness among children by donating air-purifying plants to elementary schools nationwide, creating environmental awareness, and educating them about the importance of protecting the environment.

In recognition of its efforts, Coway achieved an ‘A’ grade in the 2023 KCGS ESG Evaluation & Ratings and received the Industry Minister’s Award at the 2023 Corporate Innovation Awards, jointly hosted by the Korea Chamber of Commerce and Industry and the Ministry of Trade, Industry and Energy. Coway has also been placed on the 2023 Dow Jones Sustainability Asia/Pacific Index for 11 consecutive years, affirming its ESG management achievements.

A Coway spokesperson stated, “Coway remains committed to making our ESG management vision of ‘Creating a Better Earth’ a reality by enhancing our environmental management systems to reduce greenhouse gas emissions and achieve carbon neutrality.”

About Coway Co., Ltd. 

Established in Korea in 1989, Coway, the “Best Life Solution Company,” is a leading environmental home appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company’s most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

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SOURCE Coway Co., Ltd.

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JinkoSolar Announces Results of 2024 Annual General Meeting

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SHANGRAO, China, Dec. 27, 2024 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that all shareholders resolutions proposed at the Company’s 2024 annual general meeting held today were duly passed. Specifically, the Company’s shareholders passed the following resolutions approving:

The re-election of Mr. Xianhua Li as a director of the Company;The re-election of Mr. Steven Markscheid as a director of the Company;The ratification of the appointment of Mr. Gang Chu as an independent director of the Company and the re-election of him as an independent director of the Company;The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2024;The authorization of the directors of the Company to determine the remuneration of the auditors of the Company; andThe authorization of each of the directors of the Company be authorized to take any and all action that might be necessary to effect the foregoing resolutions 1 to 5 as such director, in his or her absolute discretion, thinks fit.

 About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams  in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024. To find out more, please see: www.jinkosolar.com

For investor and media inquiries, please contact:

In China:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com 

Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rene.vanguestaine@christensencomms.com  

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-announces-results-of-2024-annual-general-meeting-302339506.html

SOURCE JinkoSolar Holding Co., Ltd.

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Inkan.link Debuts at CES 2025 with Revolutionary Anti-Fraud Solution as Business Email Compromise Reaches $5B Annual Loss

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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — In its first-ever CES appearance, European deeptech pioneer Inkan.link unveils Sealfie, a groundbreaking solution to combat the escalating Business Email Compromise (BEC) crisis that costs businesses $5 billion annually. Forget complex security protocols – Sealfie turns a simple selfie into an unbreakable chain of evidence. Multiple attestations work silently in the background while executives simply snap and approve. If it’s not this easy, question why.

“When criminals can perfectly imitate your CEO’s voice and writing style for less than $400, traditional fraud prevention becomes obsolete,” explains Nicolas Thomas, Inkan.link’s founder and 25-year enterprise technology veteran. “Sealfie’s approach is revolutionary in its simplicity – if your CEO won’t take a selfie to approve a major transaction, they’re probably an impostor.”

The strategic partnership between Inkan.link and https://ShareID.ai/, announced at CES, marks a new era in business transaction security. By combining our technologies, we’ve created a seamless verification ecosystem where multiple expert teams work silently in the background while users enjoy a remarkably simple experience. When suspicious activity occurs, IT professionals from both companies spring into action – no user training required, just instant expert protection.

The fraud landscape has fundamentally changed: WormGPT now enables criminals to create flawless CEO impersonations for $100/month, rendering traditional security checks useless. Sealfie (https://sealf.ie/en) meets this challenge with state of the art protection wrapped in consumer-grade simplicity.

Accessible globally through major app stores, our solution deploys instantly and scales effortlessly. Organizations can start protecting their transactions immediately with our €95/month per user subscription, while enterprise clients benefit from customized solutions that complement existing processes.

“Traditional security training tells users what they did wrong. We empower IT professionals to actually help users prevent fraud before it happens.”

Visit Inkan.link Booth Venetian Expo, Hall G – 60711 for:

Live demonstrations of Sealfie technologyEnterprise integration consultationsInvestement opportunityDiscover Sealfie and deepfake-proof your business finances

About Inkan.link

Inkan.link is a European deeptech pioneer that builds deepfake-proof digital services, with its first solution Sealfie protecting enterprises from Business Email Compromise epidemic. Nicolas Thomas and backed by the L3i Laboratory’s anti-fraud expertise, we’ve developed patented blockchain technology that makes legitimate transactions unquestionably authentic through multi-source verification.

Media Resources:

BEC Fraud Analysis: https://inkan.link/en/posts/blog-bec-5billions-annum-scam/

Case Studies: https://inkan.link/en/posts/blog-save-accountant-ryan/

UNO/ITU-T speech on AI for good: https://inkan.link/en/posts/news-itu-t-workshop-securing-ai/

VIPRE’s Email Threat Trends Report: Q3 2024: https://vipre.com/resources/q3-2024-email-threat-report/

BEC is the new weapon of choice https://www.darkreading.com/cloud-security/business-email-compromise-bec-impersonation-the-weapon-of-choice-of-cybercriminals

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SOURCE Inkan.link

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China Report ASEAN: Lighting Up Lives

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BEIJING, Dec. 27, 2024 /PRNewswire/ — A news report from China Report ASEAN:

Any time of the year, Hami, a city in northwest China’s Xinjiang Uygur Autonomous Region, is memorable for its unique food and stunning landscapes set against the majestic Tianshan Mountains. However, September’s significant temperature drops once the sharp rays of sunset beneath the Gobi Desert make Hami an even more fascinating seasonal destination.

The renowned sun-drenched scenery is ideal for renewable energy projects such as wind, solar, and hydrogen power. The region also hosts one of China’s two supercomputers, which requires significant energy.

A key city in Xinjiang, Hami has attracted substantial investment in renewable energy. Though not a typical tourist destination, Hami now symbolizes Xinjiang’s expanding new-energy sector. Its strategic position between the Gobi Desert and the Tianshan Mountains creates a natural wind corridor that produces consistent, high-speed winds perfect for turbines. Wind turbines and solar panels can be found all over Hami’s landscapes.

Hami has utilized its vast land and favorable wind conditions to develop large-scale wind and solar projects, contributing 10 GW to Xinjiang’s total 70 GW renewable energy capacity. On August 25, 2024, Hami’s Vice Mayor Li Jianyong highlighted the city’s role in China’s renewable energy efforts. “Hami is one of the best regions in China for wind and solar energy,” he declared.

Baili Wind Zone

In a treeless desert, the turbines of Baili Wind Zone look like a forest.

Baili Wind Zone, also known as the Hundred Mile Wind Zone, is a prominent project in Hami. The 231-square-kilometer project is the result of a wind-storage integration initiative introduced because 66.3 percent of Xinjiang’s wind resources are located in Hami. The project is expected to generate 3 billion kilowatt-hours of electricity annually, equivalent to the energy use of 900,000 tons of standard coal, reducing carbon dioxide emissions by about 2.8 million tons.

The Shisanjianfang wind-storage power station, located at the heart of Baili Wind Zone, is Xinjiang’s largest integrated wind-storage project. Developed by China State Shipbuilding Corporation Wind Power Development Co., Ltd. and Hami State Investment, it is a benchmark for high-quality new energy development and the first cross-city new energy project in Xinjiang.

SANY Wind Equipment Manufacturing

One of China’s largest companies, SANY is investing big in renewable energy.

SANY Renewable Energy’s Large Megawatt Intelligent Wind Equipment Manufacturing Industrial Park, located in Balikun County of Hami, is a major facility for producing large megawatt wind turbines and ultra-long blades. Spanning 675 acres and with nearly 1 billion yuan (US$141.73 million) invested, the park includes a factory and office building. As of July 2024, construction was complete, and trial production had begun.

The park produces onshore wind turbines over 10 MW and blades longer than 110 meters every year. It plans to manufacture 400 turbines and 1,200 blades annually to support the “Xinjiang Power to Chongqing” initiative. The park focuses on automation, intelligent manufacturing, and digital management, aiming to become SANY Renewable Energy’s leading “zero-carbon industrial park” known for quality, efficiency, cost-effectiveness, and environmentally friendly operations.

World’s First UHVDC Transmission Project

Hami is home to the world’s first ultra-high voltage direct current (UHVDC) transmission project, the ±800 kV Southern Hami-Zhengzhou UHVDC Transmission Project. This project, part of China’s strategy to transmit electricity from Xinjiang to central China, extends 2,192 kilometers from the Tianshan Converter Station in Xinjiang through Gansu Province, Ningxia Hui Autonomous Region, Shaanxi Province, Shanxi Province, and Henan Province, ending at the Zhongzhou Converter Station in Zhengzhou, provincial capital of Henan. With a rated voltage of ±800 kV, a DC of 5,000 A, and a transmission capacity of 8,000 MW, it delivers 50 billion kWh annually—equivalent to 23 million tons of coal—while funneling 100 billion yuan (US$14.17 billion) of investment to Xinjiang. Approved in May 2011, construction began in May 2012, and structures became operational on January 27, 2014. The Tianshan Converter Station features over 80 percent localized equipment including advanced Chinese-developed thyristors and transformers.

In 2023, Hami launched the Hami-Chongqing ±800 kV UHVDC Transmission Project for both its coal and renewable energy resources, with new energy accounting for 71.83 percent of the planned 14.2 million kilowatts. The project aims to boost Xinjiang’s power transmission capacity, support regional economic growth, and enhance national energy security.

The Tianshan Converter Station, located in Nanhu Township, Yizhou District, Hami City, covers 519.1 acres and is equipped with advanced technology. Xinjiang’s significant coal, solar, and wind energy resources make it a crucial energy hub.

Green Computing Power

Hami is also home to a museum showcasing China’s supercomputer and its applications. Placing the supercomputer in a major energy base like Hami made sense because it consumes so much energy. Given the high electricity demands of data centers, China is incorporating green energy into its computing infrastructure, with western regions leveraging renewable resources to build large data centers.

With 65.8 percent of its 25.98-million-kilowatt power capacity generated from renewables, Hami is an ideal green energy hub. The city’s coal chemical industry helps regulate peak new energy usage, reducing costs.

The Hami Integrated Computing Center, completed with a 97 million yuan (US$13.75 million) investment, features intelligent, supercomputing, and general computing capabilities. It includes eight intelligent computing servers, 80 supercomputing nodes, and 100 general computing servers to deliver about 150 PFLOPS of power. The center is now serving sectors like healthcare, wind power, and the metaverse and plans to explore quantum computing and further applications with institutions like the Chinese Academy of Sciences and Tsinghua University.

High Quality Development

A few other advanced technology industries in Hami provide support to the renewable energy sector while also delivering important products to the country.

With an investment of 4 billion yuan (US$567 million), Qingdian Silicon Industry Co., Ltd. produces monocrystalline silicon rods and slices, contributing to Hami’s development of a complete silicon photovoltaic industry chain. The company’s facilities will support the growing solar energy sector in Hami.

Xinjiang Xiangsheng New Materials Technology Co., Ltd. was the first in China to cover the entire titanium industry chain from ore extraction to final products. The company, with an annual production capacity of 20,000 tons, aims to become a global leader in titanium production and meet Hami’s ambition to become a major titanium industry hub.

Hami is advancing its hydrogen energy industry with significant investments in hydrogen production, storage, and refueling infrastructure. The city plans to deploy 500 hydrogen fuel vehicles and 15 refueling stations by the end of 2024 to become a leading base for hydrogen energy and transportation. Guanghui Energy Co., Ltd. is investing 150 million yuan (US$21 million) to develop a hydrogen production, storage, and refueling station. The project features a 6 MW wind and solar power setup and a 2-ton per day hydrogen station to support 10 hydrogen trucks transporting coal.

Hami is emerging as a major player in China’s renewable energy landscape. Leveraging its natural resources and strategic investments in wind, solar, and hydrogen technologies, the city is setting benchmarks for energy production and sustainability. As it continues to expand its renewable energy projects and infrastructure, Hami is not only contributing to China’s energy goals but also shaping the future of green technology.

View original content:https://www.prnewswire.com/apac/news-releases/china-report-asean-lighting-up-lives-302339509.html

SOURCE China Report ASEAN

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