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ESG Risk Rating 2024: Techem achieves top ranking again

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Morningstar Sustainalytics, a global ESG data, research and ratings provider, rates Techem’s ESG risk at 9.6 and thus as “negligible”Internationally, this puts Techem in the top 3 percent of over 16,000 companiesWithin the sub-industry “Business Support Services,” Techem ranks 6th out of 186 worldwide

ESCHBORN, Germany, Oct. 16, 2024 /PRNewswire/ — Techem, one of the leading energy service providers in the real estate industry, has been awarded an ESG risk score of 9.6 by Morningstar Sustainalytics, a global ESG data, research and ratings provider, and thus a “Negligible Risk” for the second time in a row. This means the Eschborn-based energy service provider once again ranks in the best possible of five categories and remains among the top 3 percent of over 16,000 companies from various sectors internationally. Within the sub-industry “Business Support Services,” Techem came in 6th place out of 186 and within the “Commercial Services” industry in 50th place out of 475 companies worldwide.

ESG risk rating as a reliable indicator for the economy
The ESG risk rating is comprised of the assessment of the ESG risk exposure and the corresponding management. With a score of 27.5 in the area of ESG risk exposure (“Low”) and 68.2 in the area of ESG risk management (“Strong”), Techem is at the top in both cases. ESG risk management was assessed on the basis of eight different criteria, with Techem achieving the best results in the areas of “emissions, wastewater and waste”, “data protection” and “cyber security”.

“As a partner at eye level, we support our customers in facing the challenges of the energy transition and contribute to the decarbonization of the building stock both along our value chain and with regard to our sustainability-related activities. We have aligned our sustainability program with clear targets and key figures, thus ensuring the effective implementation of our sustainability strategy,” explains Techem CFO Dr.-Ing. Carsten Sürig.

Strong partners in achieving sustainability goals with TPG and GIC
At the beginning of October, TPG Rise Climate, a fund specializing in climate investments as part of TPG’s global impact investing platform, and GIC, a leading global investor in infrastructure, signed an agreement to acquire the Techem Group. TPG Rise Climate, one of the world’s largest private equity funds for global climate solutions, invests in companies like Techem, which has an increasingly comprehensive decarbonization offering driven by new digital services and is consistently driving this forward. Together with its new partners TPG and GIC, Techem will now build on this foundation and further expand and advance its position as a leading platform for the digitalization and decarbonization of the building sector in Europe. Techem will also benefit from TPG’s and GIC’s expertise in effective decarbonization in achieving its own ambitious sustainability goals and thus build on the successful efforts of the previous year.

“Regulatory authorities, banks and investors are increasingly pushing for clear sustainability strategies and are therefore making companies more accountable. For Techem, the ESG Risk Rating is therefore an important indicator of our sustainability performance and a key source of information for capital markets and investors. With TPG and GIC, we now also have strong new partners who will help us make important progress in implementing our sustainability strategies,” Sürig emphasizes.

ESG at Techem: a holistic approach
In fiscal year 2022 / 2023, Techem focused even more strongly on the impact of its own devices on the environment and climate in the “E” dimension with an updated “Devices Action Plan” and reduced emissions in its own value chain (Scope 3) by 18 %. The company is also pursuing specific goals in the “S” dimension and has set out clear diversity principles in a Group-wide diversity and anti-discrimination policy. In addition, Techem carried out the first gender pay equality audit in Germany last year, which shows the percentage pay gap between men and women, and established a procedure for determining and reporting this. In the “G” dimension, the Eschborn-based energy service provider focuses on continuous risk minimization. There were no violations of competition law regulations or significant violations of laws and regulations in the economic or social area within the Techem Group in fiscal year 2023. There were also no significant cases of corruption.

Sustainability as an integral component
In order to make the maximum contribution to all relevant reference groups, sustainability is also seen as a cross-cutting issue at Techem and is anchored across all areas of the company. Katharina Bathe-Metzler has been responsible for Sustainability, Communications & Public Affairs since March 2023 and coordinates the company’s sustainability strategy in this role. The Sustainability department manages sustainability-related activities and continuously develops them further together with the Techem Research Institute on Sustainability and the Finance department. Bathe-Metzler reports to CEO Matthias Hartmann, who heads the Sustainability Council and is responsible for sustainability performance.

About the ESG risk rating:
The ESG Risk Rating from Morningstar Sustainalytics provides clear insights into the ESG risk of companies by assessing the extent of an organization’s unmanaged ESG risk. On a scale from negligible risk (Techem’s rating) to high risk, the rating assesses the ESG performance of over 16,000 companies worldwide. The Sustainalytics rating scale ranges from 0 to 40+,* with Techem receiving a rating of 9.6 for fiscal year 2023 / 2024, putting it in the best category. Further information can be found at: www.sustainalytics.com.

* Negligible (0-10), Low (10-20), Medium (20-30), High (30-40) and Severe (40+).

Copyright ©2024 Morningstar Sustainalytics. All rights reserved. This press release contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third-party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an in-vestment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

About Techem 
Techem is a leading service provider for smart and sustainable buildings. The company’s services cover the topics of energy management and resource conservation, healthy living and process efficiency in properties. Founded in 1952, Techem is now active in 18 countries with over 4,000 employees and services more than 13 million dwellings. Techem offers efficiency improvements along the entire value chain of heat and water in real estate and regenerative supply concepts and solutions. As the market leader in remote radio detection of energy consumption in homes, Techem continues to drive networking and digital processes in real estate. Modern multi sensor devices, radio smoke detectors with remote inspection, metering point operation, charging infrastructure for electromobility and services related to improving drinking water quality in properties complement the solution portfolio for the housing as well as the commercial real estate industry. Further information can be found at https://www.techem.com/corp/en/about-us or follow us on LinkedIn.

Press contacts 

Janina Schmidt
Head of Corporate Communications
Techem Energy Services GmbH
Phone: +49 (0) 174 / 744-4137
E-Mail: janina.schmidt@techem.de

Katharina Bathe-Metzler
Head of Sustainability, Communications & Public Affairs
Techem Energy Services GmbH
Phone: +49 (0) 1522 / 413-6702
E-Mail: katharina.bathe-metzler@techem.de

Photo – https://mma.prnewswire.com/media/2532036/Techem_CFO_Carsten_Suerig.jpg
Logo – https://mma.prnewswire.com/media/2532037/Techem_Logo.jpg

 

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SOURCE Techem Energy Services GmbH

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5G Testing Equipment Market size to increase by USD 605.76 Million between 2023 to 2028, Market Segmentation by Application, End-user, Geography, TESTING , Technavio

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NEW YORK, Jan. 15, 2025 /PRNewswire/ — The global 5g testing equipment market size is estimated to grow by USD 605.76 million from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.43% during the forecast period. The report provides a comprehensive forecast of key segments below- 

Segmentation Overview

Application 1.1 Oscilloscopes1.2 Signal analyzers1.3 Signal generators1.4 Network analyzers1.5 OthersEnd-user 2.1 Telecom equipment manufacturers2.2 Original device manufacturers2.3 Telecom service providersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South AmericaCountry
US, Canada, China, South Korea, and GermanyTESTING 4.1

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1.1 Fastest growing segment:

The oscilloscopes segment holds a dominant position in the global 5G testing equipment market in 2023, accounting for the largest share. Oscilloscopes are essential tools used to analyze electronic signals by displaying their waveforms as a function of time. These devices measure and analyze properties such as amplitude, rise time, frequency, time interval, and distortion. Digital oscilloscopes, which are commonly used in 5G testing, employ an analog-to-digital converter (ADC) to measure 5G signals. Attenuators and vertical amplifiers are utilized before the ADC to scale the waveform. Digital oscilloscopes also offer automated incident capturing and storing facilities, enabling a better understanding of component and signal issues. With the anticipated increase in 5G traffic, oscilloscopes supporting higher bandwidth applications will be in high demand among electronics manufacturers. In response, market players, such as Anritsu Corp. And Tektronix Inc., are introducing advanced oscilloscopes to cater to this need. For instance, Anritsu’s BERTWave MP2110A oscilloscope supports 53-Gbaud pulse amplitude modulation (PAM) signals for 5G network and device testing. Tektronix’s new 2 Series MSO is a portable, lightweight oscilloscope designed for both laboratory and field use. The launch of such advanced oscilloscopes and the rising demand from industries like communication, electronics, semiconductors, and others will fuel the growth of the oscilloscopes segment in the global 5G testing equipment market.

Analyst Review

The 5G testing equipment market is experiencing significant growth due to the widespread deployment of 5G technology and the increasing demand for high-speed, low-latency connectivity. 5G testing equipment is essential for ensuring the efficient and effective operation of 5G device infrastructure, including electric signals, spectrums, and bandwidth. With the increasing number of connected devices, from IoT sensors to large data centers, automobiles, entertainment systems, healthcare equipment, and security systems, the need for reliable and user-oriented 5G networks is more important than ever. 5G testing equipment plays a crucial role in optimizing network performance, addressing issues such as base station placement, antenna design, and network equipment configuration. Specialized testing equipment, including spectrum analyzers, signal generators, and channel emulators, are used to ensure the high connectivity, quick communication, and low latency required for various applications, from emergency services to entertainment and beyond. As 5G networks become increasingly complex, optimization and testing will remain critical to ensuring the network’s reliability, efficiency, and ability to meet the demands of users and industries alike.

Market Overview

The 5G testing equipment market is witnessing significant growth due to the widespread deployment of 5G device infrastructure and the increasing demand for high connectivity, low latency, and quick communication. Electric signals and spectrums are crucial elements in 5G testing, with an emphasis on securing sufficient bandwidth for device efficiency. The network’s ability to support IoT, connected devices, large data centers, automobiles, entertainment, healthcare, security, and other user-oriented applications is essential. 5G testing equipment includes specialized tools for 5G device capabilities, data transfer, and mobile communications. These tools include oscilloscopes, signal generators, and spectrum analyzers. Massive MIMO, mmWave, Channel Sounding, and reprogrammable instrument tools are essential for addressing 5G challenges such as prototyping and optimizing performance. The 5G testing market caters to IDMs and ODMs, network operators, and service providers. Test programs for 5G traffic, base stations, antennas, network equipment, and specialized testing equipment are critical for addressing performance issues and ensuring network optimization. 5G testing equipment is also vital for the deployment of advanced multimedia applications, millimeter wave usage, multimode integration, beamforming, and testing processes. Testing costs are a concern, and software-defined testing and a software-defined approach are gaining popularity. The 5G testing market is also impacted by challenges such as the digital divide, facilities and services, and the need for secure wireless connections. The market is expected to grow significantly as 5G becomes more widespread for smart city purposes, digitalization, and mobile communications. Data traffic, enterprises, and consumer electronic devices are significant end-users of 5G testing equipment. The market is also driven by the growing demand for autonomous vehicles, connected car applications, intelligent transportation systems, public safety applications, energy management, and heterogeneous architecture with multiple frequency bands and small cells. Signal propagation, interference, and antenna design are critical considerations in 5G testing.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis

AccedianAccuverAnokiwave, Inc.AnritsuAritza Networks, Inc.Cohu, Inc.Consultix WirelessEmiteExfo, Inc.Gao Tek & GAO Group, IncGI Communications, Inc.Innowireless Co Ltd.Keysight TechnologiesMacomMarvin Test Solutions, Inc.National Instruments Corp.Pctel, Inc.Rohde & SchwarzSimnovusSpirent Communications

12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Printers Market , 52% of Growth to Originate from APAC, Technavio

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NEW YORK, Jan. 15, 2025 /PRNewswire/ — The global printers market size is estimated to grow by USD 10.65 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 3.46% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2023

Forecast period

2024-2028

Historic Data for

2018 – 2022

Segments Covered

Technology (Laser, Inkjet, and Others), Type (Multifunction printers and Single function printers), Geography (APAC, Europe, North America, South America, and Middle East and Africa), Connectivity (), and Output ()

Key Companies Covered

Bixolon Co. Ltd., Brady Corp., Brother Industries Ltd., Canon Inc., Citizen Systems Europe GmbH, Dell Technologies Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., Lenovo Group Ltd., Lexmark International Inc., Ninestar Co. Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Redington India Ltd., Ricoh Co. Ltd., Riso Kagaku Corp, Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., Zebra Technologies Corp., and KYOCERA Corp.

Regions Covered

APAC, Europe, North America, South America, and Middle East and Africa

Region Outlook

North AmericaEuropeAsiaRest of World

1. APAC – APAC is estimated to contribute 52%. To the growth of the global market. The Printers Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. 

The Asia-Pacific (APAC) region is projected to be a lucrative market for printer manufacturers due to the widespread adoption of automation and the emphasis on operational efficiency in various industries and verticals. Key factors driving the printer market in APAC include the proliferation of automation and the increasing demand for productivity and business process optimization. This region consists of developed economies, such as South Korea, Japan, and Singapore, as well as developing countries, including China, India, Malaysia, Vietnam, the Philippines, and Indonesia. Major printer manufacturers, such as Ricoh Co. Ltd., Konica Minolta Inc., Kyocera Corp., Epson, and Sharp Corp., are based in APAC, contributing significantly to the market growth.

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Segmentation Overview

Technology 1.1 Laser1.2 Inkjet1.3 OthersType 2.1 Multifunction printers2.2 Single function printersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and AfricaConnectivity 4.1Output 5.1

1.1 Fastest growing segment:

Laser printing is a popular technology in the printing industry, utilizing electrophotography or electrostatic charges for image production. In this process, a laser beam is used to induce charges, enabling precise printing. Laser printing caters to various applications, including variable data and wide-format printing. Compared to inkjet and LED printing, laser printing boasts advantages such as speed and precision. Laser printers are more expensive upfront but offer lower running costs due to their use of dry ink. Primarily used in offices, laser printers have gained popularity among enterprises due to their accuracy and efficiency. In January 2021, Ninestar Co. Ltd., a leading laser printer and toner cartridge manufacturer, introduced its Elite Series, consisting of six laser printer models. Key growth factors include the emergence of compact laser printers, increasing demand for A4 and A3 laser multifunction printers from enterprises, and declining laser printer prices. However, the emergence of ink tank printers may hinder growth during the forecast period. Despite this, the demand for laser printing technology is expected to remain steady due to enterprise demand for laser multifunction printers.

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Research Analysis

The printing market encompasses a wide range of printers designed for various applications, from A4 office printers to large-format packaging printers. Mobile printing technology enables users to print from their smartphones and tablets, making printing more convenient than ever. Color printing has become the norm, with inkjet and solvent ink printers leading the charge. The ecosystem of inks and software plays a crucial role in delivering high-quality prints. Printers have evolved into electronic tools, capable of processing text and images from computers and other devices via data cables, USB, short-range radio, or Bluetooth. The hardware and output technology behind these devices transform electronic data into tangible documents and photos, making them essential computer peripherals for both personal and professional use.

Market Overview

The printing market encompasses a wide range of printers and printing technologies, including mobile printing, color printing, packaging printing, and analog and digital printing. Entry-level products like A4 printers cater to individual consumers, while businesses rely on multi-functional printers, copiers, and multifunctional systems. Inkjet printing uses various types of inks such as solvent, water-based, UV-based, LED, and UV-cured inks, while toner is used in laser printers. Cloud-based computing and software ecosystems facilitate digital integration, enabling users to print from various devices like computers, smartphones, and tablets. Ink cost is a significant factor, with inkjet printer cartridges available in various sizes and ink subscriptions offering cost savings. Environmental concerns include the use of heavy metals and energy consumption, as well as the environmental impact of printing processes and carbon emissions contributing to climate change. Companies are addressing these issues through the use of eco-friendly materials like ocean-bound plastic and ink tanks that reduce waste. Security features, such as encryption and access control, are increasingly important for both residential and commercial printers, especially in the context of managed print services and digital integration with platforms like Dropbox and Google Drive. The global printer market includes various types of printers, including ink tank printers, monochrome and color printers, wired and wireless printers, and standalone printers or MFPs.

Start exploring market insights by Download a FREE Sample Report in minutes!

Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Lingnan’s President S. Joe Qin kicks off new seminar series to inspire young scholars towards excellence in research

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HONG KONG, Jan. 16, 2025 /PRNewswire/ — Lingnan University recently launched its inaugural seminar series “A Personal Perspective on Doing Good Research”. The series commenced with a seminar delivered by Prof S. Joe Qin, President and Wai Kee Kau Chair Professor of Data Science at Lingnan University, entitled “Doing Research to the Best of and Bigger Than Yourself”. Organised by the School of Graduate Studies (GS), this monthly event will feature presentations from senior university management and leading scholars, offering a platform for academics to share valuable insights and experiences from their personal research. The series aims to encourage productive discussions on best research practices, and offers participants opportunities to engage with leading scholars within the university.

The seminar attracted around 100 participants, including Vice-Presidents, Associate Vice-Presidents, faculty, and students. As a globally renowned expert in data science, industrial Artificial Intelligence (AI), and smart technologies, President Qin shared his academic experiences and valuable insights on conducting impactful research. He highlighted the shift towards citation-driven research influenced by academic publishers and university rankings, emphasising the need to focus on fundamental research that delivers near-term outcomes. Through personal experience of submissions being rejected, he encouraged the audience to aim for impactful contributions that extend beyond individual achievements.

President Qin expressed gratitude for and emphasised the importance of the support and wisdom of mentors and colleagues. He also posed questions for young scholars to consider regarding their development within the faculty and the university, such as how to adapt to new developments in their research areas. He advised scholars to think about their long-term goals and societal contributions, stressing the importance of future planning over immediate achievements.

“Embrace the big picture, plan for the future, and keep in mind that while ideas may have been thought of before, the challenge lies in reimagining them. Ultimately, strive to make meaningful contributions to society—this is how we give back,” he said.

With over 470 publications and 12 US patents, President Qin has made significant contributions to his field of expertise. His research achievements include more than 41,500 citations on Google Scholar and an impressive H-index of 89, solidifying his position as a leading figure in the field.

Audiences participated actively in the wide-ranging discussions that followed the presentation. They explored important topics, including the use of AI in research, and the allocation of time for academic pursuits alongside other life goals. President Qin’s insights prompted thoughtful conversations reflecting the diverse perspectives within the audience.

“I am a new PhD student at Lingnan, and this was the first seminar I attended here. I feel that President Qin’s reflections and advice came at just the right time for me. Two points, in particular, were especially important. Firstly, his career is an encouraging example for me, as I also want to transition from industry into academia. Secondly, I will spend some time thinking carefully about who could benefit from my research, so that I can focus my efforts on something that is ultimately useful to society,” Mr Patric Hagen Harting, a PhD student, said.

The first seminar was successfully concluded on 13 January, and the next seminar in the series will be held on 12 February, led by Prof Raymond Chan Hon-fu, Vice-President (Academics) cum Provost and Lam Man Tsan Chair Professor of Scientific Computing at Lingnan University. Prof Chan, an expert in computational mathematics, will discuss research methodology and general principles applicable across various research fields.

For further information on upcoming seminars, please visit: A Personal Perspective on Doing Good Research Seminar Series.

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SOURCE Lingnan University

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