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Rönesans Enerji Publishes Green Finance Framework

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The Framework is a first of its kind for Rönesans Holding, designed to direct financial investments towards projects that promote environmental sustainability. ING acted as a sustainability advisor in the preparation and publication of the Green Finance Framework.

ISTANBUL, Sept. 18, 2024 /PRNewswire/ — To realise the goal of becoming one of Türkiye’s top 3 green energy companies, Rönesans Enerji has rapidly accelerated its investments alongside publishing its Green Finance Framework, a pioneering initiative in the sector that complies with the Capital Markets Board of Türkiye’s criteria for green debt instruments.

 

Rönesans Enerji, a joint venture between Rönesans Holding and TotalEnergies, has boosted its investments by leveraging the Green Finance Framework to gain easier access to green financing instruments that support renewable energy. The company aims to achieve approximately 7 to 10 percent of the green energy investments targeted in Türkiye’s National Energy Plan.

The creation and publication of Rönesans Enerji’s Green Finance Framework, which is also the first of its kind for Rönesans Holding companies, received support from ING, which acted as a sustainability advisor. The framework is aligned with the Green Bond Principles of the International Capital Market Association (ICMA), the Green Loan Principles of the Loan Market Association (LMA), the Loan Syndications and Trading Association (LSTA), the Asia Pacific Loan Market Association (APLMA); as well as the Capital Markets Board of Türkiye’s (CMB) guidelines for Green Debt Instruments, Sustainable Debt Instruments, Green Lease Certificates, and Sustainable Lease Certificates. This compliance ensures its applicability in both national and international green financing instruments. The Rönesans Enerji Green Finance Framework is among the first frameworks to incorporate the CMB’s guidelines for Green Debt Instruments, Sustainable Debt Instruments, Green Lease Certificates, and Sustainable Lease Certificates, thereby contributing to the recognition of the CMB Guidelines.

With its numerous compliance criteria, the Green Finance Framework stands as one of the most comprehensive frameworks in Türkiye’s energy production sector. In addition to covering general renewable energy sources such as hydroelectric, wind, and solar power, the framework also includes other renewable sources like bioenergy and geothermal, as well as energy storage systems within its scope. Green hydrogen production and hydrogen storage technologies have been included in the scope of the Green Finance Framework as a strategic preparation for the future. This makes the Green Finance Framework one of the first frameworks in Türkiye to cover hydrogen technologies. All technologies and criteria of the Green Finance Framework were evaluated by ISS Corporate Solutions, which provided a Second Party Opinion (SPO). The Green Finance Framework received a positive assessment, confirming its compliance with relevant standards.

EASIER ACCESS TO GREEN FINANCE

The Board of Directors of Rönesans Holding, İpek Ilıcak Kayaalp stated that Rönesans Enerji has achieved a pioneering milestone in Türkiye’s energy sector with its Green Finance Framework. She highlighted that this framework is one of the first Green Finance Framework among the sector, adding: “We are committed to building a better, more sustainable future. We continue our journey with determination, aiming to set an example in every sector in which we operate.”

She also noted that one of Rönesans Holding’s greatest strengths is its ability to create foreign partnerships and secure foreign financing: “We are actively working with 40 different international banks worldwide to finance our investments under favourable conditions. To date, we have invested over EUR 8 billion in Türkiye, with more than 90% of this investment realised in collaboration with these banks. The first item foreign creditors review is the ESG report, where Rönesans Enerji secured this report last year. With the Green Finance Framework we have published, we will gain easier access to green finance instruments that support renewable energy, furthering our contribution to Türkiye’s sustainable future.”

GOAL TO BECOME ONE OF TÜRKİYE’S TOP 3 GREEN ENERGY COMPANIES

Rönesans Holding Board Member and Energy Group President Emre Hatem stated that with the published Green Finance Framework, Rönesans Enerji is confidently moving towards realising its goal of becoming one of Türkiye’s top three green energy companies. Emre Hatem said: “Since its establishment, Rönesans Enerji has only invested in green energy and will continue to grow with a 100% green energy portfolio in the future. At Rönesans Enerji, we plan to invest in bringing 2000MW of green energy capacity online by 2028. By bringing our current projects under construction and development online, we aim to reach an installed capacity of over 700 MW by the end of 2026 in the first phase. Over the next five years, we aim to achieve approximately 7% to 10% of the green energy investments targeted in Türkiye’s National Energy Plan.”

WE POSITION SUSTAINABILITY AMONG OUR STRATEGIC PRIORITIES.

Bas Bittink, Head of Türkiye and Middle East Debt Capital Markets at ING said, ‘As we seek to help our clients build a sustainable future, the ING team was honored partnering up with Rönesans Enerji. The established Green Finance Framework and Second Party Opinion have set a new regional best practice and will support attracting further dedicated financing towards the Turkish renewable energy sector.’

ING Türkiye Wholesale Banking Executive Vice President Ayşegül Akay said, ‘As ING, we position sustainability among our key strategic priorities and have been active in this field for more than 30 years. ING announced end of last year it aims to triple the financing for renewable energy to EUR 7.5 billion annually by 2025. We believe that green transformation requires a collective effort and action, and we aim to contribute to Türkiye’s green transformation journey by leveraging our international expertise in sustainable finance and our strong global network. In this context, we believe that Rönesans Enerji’s Green Financing Framework, for which ING acted as a sustainability advisor during its preparation and publication, can create an important step towards the transformation of the energy sector in Türkiye and bringing the required financing for this transformation. We are pleased to take part in this valuable cooperation that will contribute to the renewable energy investments of Rönesans Enerji, a partnership of Rönesans Holding and TotalEnergies, and thus to Türkiye’s sustainability roadmap.’

The Green Finance Framework is a comprehensive set of guidelines designed to direct financial investments towards projects that promote environmental sustainability. This framework defines the necessary criteria and standards for investments to be considered as ‘green’. It aligns with recognised frameworks such as the Green Bond Principles and the EU Taxonomy for Sustainable Finance. This framework focuses on specific environmental goals, such as reducing greenhouse gas emissions, increasing resource efficiency, and advancing sustainable development. Furthermore, it ensures transparency and accountability through rigorous reporting and disclosure requirements, guaranteeing that investments meet green criteria and provide measurable environmental benefits.

About Rönesans Group

Rönesans Holding, the conglomerate’s top investment entity headquartered in Ankara, is the 53th largest international contracting company globally. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, energy, healthcare, real estate development and industrial investments. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.

Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.

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Judopay leaps across the pond, bringing its mobile payment services to North America.

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Judopay, the UK’s go-to mobile payments provider, is now making waves across the Atlantic. Backed by its powerful partner network, Judopay is bringing its seamless in-app and online services to the complex payment landscape of North America.

LONDON, Nov. 14, 2024 /PRNewswire-PRWeb/ — Judopay, the UK’s go-to mobile payments provider, is now making waves across the Atlantic. Backed by its powerful partner network, Judopay is bringing its seamless in-app and online services to the complex payment landscape of North America.

Joe Perry, Chief Customer Officer at Judopay, shared his excitement, “Our entry into this new market is about meeting the growing demand for seamless, mobile-first payments that breaks down geographical barriers. Something today’s consumers expect.”

This year alone, digital payments in North America are set to hit a staggering $3.3 trillion. Judopay’s expansion is set to enable its existing and prospective client base to tap into massive revenue opportunities and make a splash in a brand-new market.

Judopay’s connections will now make it even easier for merchants to go state-side. North America, once seen as lagging behind its European counterparts when it came to adopting digital payments, is catching up fast. The Payments and Commerce Market Intelligence (PCMI) forecasted that by 2026, digital wallets will reach a 41% share of the ecommerce market (versus 39% in cards) with Apple Pay and Google Pay spearheading that growth. And now, Judopay’s mobile-first approach is stepping in to keep things moving smoothly.

Joe Perry, Chief Customer Officer at Judopay, shared his excitement, “North America is now steaming ahead when it comes to app and ecommerce, and we’re excited to dive in. Our entry into this new market is about meeting the growing demand for seamless, mobile-first payments that breaks down geographical barriers. Something today’s consumers expect.

We’re focused on helping our customers go global whilst bringing our game-changing tech and innovation to North American consumers. Hand-in-hand with our partner network, we’re simplifying the payment process for all.”

As part of its North American launch, Judopay is also actively partnering with software platforms across the retail, hospitality, and mobility industry, allowing them to add innovative payment technology to their core offering.

About Judopay:

Judopay is the UK’s leading mobile payments provider. Born out of the frustration with friction-filled checkouts, we built a flexible solution designed to securely drive sales and improve the customer experience. Now wholly owned by Fabrick S.p.A., part of the Banca Sella Group, Judopay is continually building ways to enhance the overall payment experience for merchants and customers alike. Available across multiple sectors, their solution is used by KFC, Uber subsidiary Autocab, PaybyPhone, Sigma Sports, BUPA, Hiscox, Foxtons and many more.

For more information about Judopay and its services, visit www.judopay.com.

Media Contact

Jessica Carroll, Judopay, 44 20 3503 0600, jessica.carroll@judopay.com, https://www.judopay.com/

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SOURCE Judopay; Judopay

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Whatfix Recognized as a Digital Adoption Platform (DAP) Leader for the Fifth Consecutive Year and a Star Performer for the Third Year

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– 2024 PEAK Matrix® Assessment Features Whatfix as a Leader in the Inaugural Regional Reports for North America and Europe

– Strengthens Leadership Position with One of the Highest Scores in Buyer Satisfaction, Value Delivered, Market Presence, and AI Innovation

SAN JOSE, Calif., Nov. 14, 2024 /PRNewswire/ — Whatfix, a global leader among digital adoption platforms (DAPs), today announced that the company has been recognized as a Leader for the fifth consecutive year and a Star Performer for the third year and second consecutive year in the Everest Group Digital Adoption Platform (DAP) PEAK Matrix® Assessment 2024. Whatfix is also recognized as a Leader in the inaugural regional reports for North America and Europe in the DAP category. The Everest Group PEAK Matrix®, a trusted framework for assessing market impact, vision, and capabilities, evaluated 25 DAP software providers in its 2024 report, helping enterprises make well-informed purchasing decisions.

Whatfix has showcased remarkable capability and impact in the digital adoption landscape, achieving top scores in portfolio mix, value delivered, vision and strategy, implementations and support, and engagement and commercial model. Whatfix was selected as one of only three DAP technology providers to receive the “Leader” title based on an evaluation of its vision and capabilities as well as market impact, including value delivered to clients. The company was also one of only four Star Performers, achieving one of the highest scores for value delivered and buyer satisfaction. Its strong market presence, extensive lifecycle expertise, and advanced AI-driven innovations underscore Whatfix’s role in providing exceptional value to clients. This progress in the yearly recognition underscores Whatfix’s consistent industry leadership, impressive year-over-year growth, and unwavering commitment to driving innovation that is shaping the future of the DAP category.

“Whatfix’s deep expertise in driving digital adoption has been crucial to its success, as evidenced by its recognition as a Leader and Star Performer in the global Digital Adoption Platforms (DAP) PEAK Matrix® Assessment 2024,” says Sharath Hari N, Vice President at Everest Group. “This highlights Whatfix’s multi-product strategy, including advanced product analytics, which effectively addresses adoption challenges throughout the application lifecycle. Their extensive global reach allows them to serve a wide range of industries, while advancements in AI significantly enhance user experiences. The Rise 2 Excellence Partner Program further empowers partners to boost sales and customer success. With a continued focus on user experience and robust customer support, Whatfix is well-positioned to maintain its leadership in the rapidly evolving DAP market.”

Key factors contributing to Whatfix’s recognition include:

Multi-Product Strategy & Global Presence: Whatfix employs a multi-product strategy to effectively address adoption challenges throughout the entire application lifecycle. Its extensive global footprint enables the company to serve clients across a wide variety of industries. Whatfix has recorded the highest growth rate in DAP revenue, maintaining its market momentum and positioning itself among the top providers by market share in key industry verticals and regions.Expansion of the Product Suite: Whatfix is broadening its product offerings to target different aspects of an application lifecycle, including Mirror, its application simulation tool that provides a secure, hyper-realistic setting for users to practice and master new tools without affecting live systems. It also provides product analytics that encompasses both product and guidance analytics, as well as Enterprise Insights. The distinctive Ask Whatfix AI feature further sets it apart by translating natural language inquiries into insightful trend visualizations, simplifying the decision-making process. To enhance collaboration among content creators, it has introduced Comments, allowing users to tag colleagues and share links to pages. Whatfix supports a robust content lifecycle management system, offering various environments for creating and testing walkthroughs before publication. It has implemented visibility rules within the editor that allow precise control over when, where, and to whom the content is displayed, enhancing the overall user experience through behavioral targeting informed by product analytics.AI & GenAI-Driven Enhancements: As a leader in AI advancements, Whatfix utilizes AI and GenAI to improve its product functionalities, such as generating summarized responses to user queries, auto-filling text fields, elaborating text, and delivering real-time insights into user satisfaction through survey analysis.Dual Data Center Disaster Recovery for Seamless Operations: Whatfix is distinguished by its strong disaster recovery capabilities, operating two identical data center infrastructures simultaneously. In the event of a disruption in one data center, the other takes over seamlessly, guaranteeing zero downtime and uninterrupted operations. Organizations with data security and privacy concerns will appreciate Whatfix’s flexible deployment options, which include on-premises, private cloud, and hybrid hosting solutions.Commitment to Customer Satisfaction and User Support: Whatfix is consistently recognized for its responsive customer service, comprehensive platform functionalities, and valuable analytics, with clients highlighting these as primary strengths. The company achieved one of the highest scores for buyer satisfaction and value delivered in 2023. Its robust support for mobile and desktop applications, including virtual desktop solutions on Citrix, differentiates it in the market.

“Our continued recognition by Everest Group reaffirms Whatfix’s position as a leader in the DAP space. Our customer-first approach and relentless focus on innovation beyond DAP has enabled us to deliver unparalleled value to global enterprises worldwide,” said Khadim Batti, CEO and co-founder of Whatfix. “We’re proud to offer a solution that empowers organizations to drive user adoption, maximize their technology investments and enhance user productivity.”

This recognition comes on the heels of Whatfix’s recent $125 million Series E funding, which is driving the company’s efforts to enhance its integrated product suite beyond DAP through both organic growth and strategic acquisitions. With this momentum, Whatfix will further solidify its market presence in the US, EMEA, and APAC regions, expand into the Middle East, and strengthen its position within the global public sector.

Click here to read the Everest Group Digital Adoption Platform (DAP) PEAK Matrix® Assessment 2024.

About Whatfix
Whatfix is advancing the “userization” of application technology, by empowering companies to maximize the ROI of digital investments across the application lifecycle. Powered by GenAI, Whatfix’s product suite includes a digital adoption platform, simulated application environments for hands-on training, and no-code application analytics. Whatfix enables organizations to drive user productivity, ensure process compliance, and improve user experience of internal and customer-facing applications. With seven offices across the US, India, UK, Germany, Singapore, and Australia, Whatfix supports 700+ enterprises, including 80+ Fortune 500s like Shell, Microsoft, Schneider Electric, UPS Supply Chain Solutions, and Genuine Parts Company. Backed by investors such as Warburg Pincus, Softbank Vision Fund 2, Dragoneer, Peak XV Partners, Eight Roads, and Cisco Investments, software clicks with Whatfix. For more information, visit the Whatfix website.

Media Contact
whatfix@luminapr.com

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Sonepar’s North American Expansion Brings over $2B in Additional Revenue

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Acquisition growth in 2024 includes 7 companies, 1700 new associates and 89 new branches

CHARLESTON, S.C., Nov. 14, 2024 /PRNewswire/ — 2024 has been a transformative year for Sonepar as it continues to focus on strategic growth. Since 2021, Sonepar has closed 21 acquisitions in North America. The acquisition growth alone in 2024 consists of seven companies representing over $2B in additional revenue, approximately 1,700 new associates, and 89 new branches. Sonepar’s North American acquisition strategy is key to the global success of the Sonepar Group.

Sonepar’s mission is to continue as the strongest and most dynamic electrical distribution network across the entirety of North America. It seeks to combine local sales excellence with significant regional and global investments and capabilities to provide customers with the best distribution experience and associates with the most opportunities to succeed.

Philippe Delpech, President & CEO of Sonepar, commented:

North America is our largest market, where Sonepar leads in building and industrial verticals serving customers with a best-in-class level of service. With 36 billion dollars in sales in 2023, Sonepar is the world leader in B2B electrical distribution of products and services, deploying a global automated supply chain and a proprietary omnichannel digital platform called Spark. Today, the USA is leading in size, processes, technology, and workforce quality. We welcome the more than 1,700 associates who joined the Sonepar family through these seven acquisitions and are already working on combining our strengths for the benefit of customers, suppliers and associates.”

Rob Taylor, President of Sonepar Americas, said:

“Each acquisition is carefully considered, and we look to partner with the best local and regional distributors, which share our values and desire to grow. We truly believe that acquisitions are a strategic partnership that benefits all parties. We work closely with the leadership of companies we engage with to understand what makes them a success, with the goal of enhancing the local go-to-market approach and culture with significant investment and new capabilities. This strategy will continue to be an important focus for Sonepar across the Americas.”

The statistics regarding Sonepar’s investments in North America are striking. Sonepar has added numerous automated distribution centers and significantly increased its density branch network, now serving every province, territory and state in North America out of 548 total branches. It has also added new service offerings like panel shop design and assembly capabilities, and expanded expertise and product offerings in the solar and EV, industrial, broadband and utility segments. Sonepar’s digital solutions such as Spark and the Digital Job Center are best-in-class, offering customers a seamless digital experience.

Sonepar will continue to grow organically and through acquisitions and make significant investments across its entire business.

About Sonepar

Sonepar is an independent family-owned company standing as the world leader in B-to-B distribution of electrical equipment, solutions, and services. In 2023, Sonepar achieved global sales of $36 billion.

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SOURCE Sonepar

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