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Hot topics set for discussion in Beijing

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BEIJING, Oct. 17, 2024 /PRNewswire/ — A report from China Daily:

A prestigious financial event is to commence on Friday in Beijing, where senior government officials, along with experts, scholars and representatives from global financial institutions, will deliver keynote speeches.

The Annual Conference of Financial Street Forum 2024, running until Sunday, is co-hosted by the Beijing government, the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, Xinhua News Agency and the State Administration of Foreign Exchange.

This year’s event is to attract more than 500 distinguished guests from more than 30 countries and regions around the world.

Over the course of three days, participants will engage in discussions on current economic and financial hot topics, aiming to enhance mutual trust, deepen win-win cooperation and share development opportunities.

The theme of this year’s forum is “Trust and Confidence — Work Together to Promote Financial Openness and Cooperate for Shared Economic Stability and Growth”.

“Trust is the cornerstone of international cooperation and confidence is the support for economic development,” said Liu Dongwei, executive secretary-general of the forum’s organizing committee and head of Beijing’s Xicheng district.

“This theme fully reflects the deep consensus among the forum’s organizers, financial institutions and industry insiders, highlighting the development concepts of co-consultation, co-construction, co-governance and co-sharing.

“It also showcases the inclusiveness, the role of demonstration and leadership of the Financial Street Forum,” he added.

This year’s forum is structured around a main forum plus parallel forums and a fintech conference. It features 25 thematic activities and three investment and financing matchmaking events.

The main forum includes opening and closing ceremonies, as well as six thematic activities focusing on such topics as improving the modern central banking system, deepening capital market reforms, empowering industries through finance to lead high-quality development, and enhancing mutually beneficial international trade and investment cooperation.

The activities will also provide authoritative interpretations of international and domestic economic development trends and financial regulatory policies.

Additionally, the international level of this year’s forum has been enhanced. It has set up three sub-venues in Hong Kong, Luxembourg and Tokyo, inviting local governments and enterprises to participate. And, for the first time, it has invited the Hong Kong Financial Services Development Council to host thematic activities in Beijing.

The closing ceremony will be held in conjunction with the Hong Kong sub-venue, inviting representatives from the governments and institutions of Beijing and Hong Kong Special Administrative Region to participate in an in-depth discussion on the theme of “green finance”, promoting financial exchanges and cooperation between the Chinese capital and the SAR.

Also, it will continue to host high-level dialogues with former central bank governors from major global economic and financial countries, like China, the United Kingdom and Switzerland.

The parallel forums will focus on “strengthening economic and financial cooperation for coordinated development” and “finance supporting sustainable economic development”, setting up a series of professional, cutting-edge and in-depth activities.

The fintech conference, serving as a specific segment of the forum, will run until Tuesday. It will feature 17 events, focusing on artificial intelligence plus financial innovation; data elements plus financial applications; fintech development and achievements; and bridging the digital divide through fintech.

Liu highlighted five major features of this forum, one of which is the richer thematic setting. For instance, the forum has, for the first time, invited the Ministry of Industry and Information Technology and centrally-administered and State-owned enterprises to host themed activities. These aim to emphasize the forum’s role as a platform for positive interaction between finance and the real economy.

The forum has also innovated the path of sci-tech transformation by creating a fund-themed forum and holding corporate roadshows and industry-finance matchmaking meetings.

This year, the forum offers a variety of supporting activities, making it not only a professional exchange platform for financial industry practitioners but a grand event for the public.

For example, during the forum, a large-scale cultural performance will be held at the Beijing Tianqiao Performing Arts Center, covering various art forms such as dance, song, music and opera.

In addition, the forum will conduct a large-scale series of shopping activities. Starting from Oct 1 and lasting nearly a month, these activities are taking place mainly at Beijing’s Seasons Place luxury shopping mall and its surrounding areas.

They include a coffee market, auto shows, electronic product roadshows and outdoor dining experiences. There will also be a global product launch and sale event, offering substantial discounts and consumption vouchers to the public.

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SOURCE China Daily

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LG Energy Solution Ranked as the World’s 12th Most Sustainable Company, Number One Among Battery Manufacturers

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Corporate Knights acknowledges LG Energy Solution in the World’s 100 Most Sustainable Corporations 2025 list, placing it in the top position among its industry peer groupRecognition in sustainable revenue and sustainable investment were the main drivers of the strong performance, as well as energy productivity and GHG (Greenhouse gas) productivityEmbracing responsibility as an industry leader, LG Energy Solution strives to bolster its own ESG management and pave the way to a sustainable battery ecosystem across the entire value chain, including indirect operations and suppliers

SEOUL, South Korea, Jan. 22, 2025 /PRNewswire/ — LG Energy Solution has ranked 12th on the list of 100 Most Sustainable Corporations in the World 2025 by Corporate Knights, marking its debut on the prestigious list. The company also secured the top position among its battery manufacturing peers.

Corporate Knights’ Global 100 is a global sustainability index that provides an annual ranking of the world’s most sustainable corporations with annual revenues of over 1 billion USD. This year’s evaluation examined 8,359 corporations, scoring companies based on 25 key performance indicators across areas such as sustainable revenue, sustainable investment, resource management, employee management, financial management, and supplier performance. A ranking on this list is widely considered a mark of distinction for ESG management excellence.

LG Energy Solution’s strong performance in the sustainable revenue and sustainable investment KPIs earned its recognition in the Global 100 assessment, meeting key criteria for ESG-conscious investors. The company received the highest possible scores in both areas, reflecting its core business of providing sustainable and reliable energy solutions and its significant investments in future growth engines.

Corporate Knights also highly rated LG Energy Solution’s energy productivity and GHG productivity, among other criteria.

LG Energy Solution is dedicated to strengthening its ESG standards and practices, demonstrating the company’s industry leadership. As such, the company has recently focused on preparations for stricter global regulations and ESG disclosure standards. Even before new international battery regulations, such as mandatory carbon footprint disclosure and battery passports, LG Energy Solution already adopted Life Cycle Assessment (LCA) in 2019 to evaluate the product impacts and transparently communicate with key stakeholders. LG Energy Solution aims to ensure the accuracy and credibility of LCA through third-party verification and Environmental Product Declaration (EPD) certifications, and the range of products covered by LCA and EPD continues to expand. In 2024, LCA covered battery cells with 83% of total capacity, and EPD certified battery cells with 60% of total capacity.

Furthermore, the company made substantial progress in social footprint management, reducing the potential for adverse human rights impacts by adopting a due diligence process to identify, prevent, mitigate, and address such issues. Enhancing its ESG governance, LG Energy Solution is committed to effectively managing emerging challenges and fostering an ESG-driven work culture.

In addition to reinforcing its own ESG management, the company is working to facilitate a sustainable battery ecosystem throughout its entire value chain by proactively supporting, engaging, and collaborating with its supply chain partners. Building on years of assessing and managing ESG risks in its Tier 1 suppliers, the company expanded these efforts in 2024, developing an IT management system that connects Tier-N suppliers for improved traceability and transparency. It plans to progressively broaden the scope of supply chain risk assessment, focusing on core raw material supply chains for critical regulatory compliance. To maintain transparency, LG Energy Solution published the ‘Supply Chain Sustainability Report’ this month, which provides information on its supply chain management system, strategies, and key achievements.

“We are honored that Corporate Knights has recognized our leadership in sustainability and ESG practices, naming us one of the world’s most sustainable companies,” said David Kim, CEO of LG Energy Solution. “We are fully committed to realizing our vision of leading the future green energy era with innovation in electrification for a sustainable battery ecosystem.”

“As one of the world’s largest battery manufacturers, LG Energy Solution is at the centre of what enables the transition to a net-zero economy. The company’s inclusion in the 2025 Global 100 is a testament to its global leadership,” said Toby Heaps, CEO of Corporate Knights.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

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SOURCE LG Energy Solution

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PCX Markets Earns B Corp Certification

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SINGAPORE, Jan. 22, 2025 /PRNewswire/ — PCX Markets, a marketplace for audited, traceable plastic waste recovery and responsible processing, today announced that it has been certified as a B Corporation™ (B Corp™), further recognizing the company’s commitment to environmental and social responsibility.

B Corp is a global movement of over 9,400 pioneering companies across 105 countries that use business as a force for good, and includes trailblazers like Ben & Jerry’s, Patagonia, Allbirds, and Coursera.

To become a B Corp company, PCX Markets underwent a rigorous assessment of every part of the business against five key impact areas: governance, workers, community, environment, and customers. Achieving B Corp Certification by the non-profit B Lab reaffirms PCX Market’s deep commitment to transparency and accountability.

“The team at PCX is on mission to accelerate the transition to a circular economy, and build a future where no plastic waste ends up in nature. We are proud to have achieved B Corp certification, and incredibly excited to join this global movement of purpose-driven businesses,” said Sebastian DiGrande, PCX Markets CEO. 

The world has produced about 9 billion metric tons of plastic since the 1950s. Today, only 9% of plastic waste is recycled, 19% incinerated, and 72% is either landfilled, dumped, openly burned or ends up in the environment. Even if we were to reduce production from today’s levels by 40% by 2050, the world would still produce another 11 billion tons that needs to be responsibly managed.

PCX Markets activates an ecosystem of partners who collect, transport and responsibly process plastic waste, while supporting the communities most impacted by the global plastic waste crisis with programs that improve livelihoods and scale social impact. Companies that want to complement upstream reduction efforts by funding downstream plastic waste recovery can purchase credits issued by projects battling plastic pollution. One credit cleans up one metric ton of plastic pollution. The impact is delivered immediately and verified by a third-party auditor.

PCX Markets, which is headquartered in Singapore, has enabled the clean up of over 108 million kilograms of plastic waste worldwide to date.

“As a B Corp in the sustainability sector, we’re thrilled to be counted among businesses that are building an inclusive, equitable, and regenerative economy,” said Nanette Medved-Po, Founder of PCX Markets.

ABOUT PCX

PCX is on a mission to accelerate the transition to a circular economy and build a future where no plastic ends up in nature. 

PCX Markets is a fully transparent plastic credit marketplace for audited, traceable plastic waste recovery and responsible processing worldwide. Our marketplace activates an ecosystem of partners who collect, transport and responsibly process plastic waste, while supporting communities on the ground with programs that improve livelihoods and scale social impact. PCX Markets, which is headquartered in Singapore, has enabled the clean up of over 108  million kilograms of plastic waste worldwide.

About B Lab

B Lab is transforming the global economy to benefit all people, communities and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies – known as B Corps – who are leading the way. To date, our community includes over 900,000 workers in over 9,400 B Corps across 105 countries and 160 industries. The B Impact Assessment is used by more than 150,000 companies to help measure, manage and improve their impact. To learn more and join the movement, visit www.bcorporation.net.

About Certified B Corporations™

Certified B Corporations, or B Corps™, are companies verified by B Lab to meet the high standards of social and environmental performance, transparency and accountability.

For press enquiries, contact marketing@pcxmarkets.com

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SOURCE PCX Markets

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Truecaller announces its biggest ever update for iPhone users globally

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STOCKHOLM, Jan. 22, 2025 /PRNewswire/ — With the advancements in Apple’s latest iOS 18, Truecaller is now able to for the very first time launch a real-time caller ID and automated blocking of spam calls on iOS. These capabilities and other improvements as well as the ability to subscribe for a Premium Family plan are now being rolled out globally for paying subscribers of Truecaller on iOS. The launch is expected to further boost Truecallers subscription revenues.

Rishit Jhunjhunwala, CEO, Truecaller said, “We are proud that we, now 15 years after Truecaller’s inception, are able to offer iOS-users the same world class leading Caller-ID and spam blocking experience as we have developed on Android. With this launch we increase our addressable market substantially, to other segments of users and to other geographies with a higher iOS-penetration.”

Fredrik Kjell, COO, Truecaller said, “With this we further accelerate the growth potential of our fast growing and steady subscription revenues and our ambition to surpass 1 bn SEK in recurring revenues in the coming years. All iOS-users will be offered a free trial of our new improved service but then it will just be available for paying subscribers. With this launch we see a substantial opportunity to further increase the conversion rate on iOS which already today is more than five times higher on iOS compared to Android.”

At year-end about 30 million (or 7%) of Truecaller’s total 435 million MAUs are iOS-users. Of Truecallers more than 2.6 million paying subscribers about 750,000 of them are on iOS and more than 40% of Truecaller’s current premium revenues comes from iOS-users. 

The functionality of Truecallers Caller ID on iOS has historically been limited to a smaller local database on the user’s local device. This update can leverage Truecaller’s latest AI capabilities and global database to identify as many calls as possible. In addition, the latest update includes something that Truecaller iOS users have been requesting for a long time: automatic blocking of spam calls. All this has been made possible by Apple’s Live Caller ID Lookup framework, developed especially for apps like Truecaller to provide live caller ID in a privacy-preserving way. This API uses state-of-the-art homomorphic encryption and Truecaller is the first in the world to deploy this at scale for Caller ID.

Finally, Truecaller on iPhone now includes the ability to subscribe for a Premium Family plan. With Family Plan, you can share all Truecaller Premium benefits like e.g. Truecaller AI Assistant, with up to four additional people at a low monthly or annual price. In India, the subscription offering also includes a fraud insurance whereby you now can through the family offering can protect four more family members from becoming a victim of fraud.

All the new features will be made available for Truecaller Premium subscribers with the same pricing as for the Android offering. Free users on iOS will continue to enjoy ad-supported manual number search and caller ID of Verified Businesses.

Auto blocking of spam is available globally & the new Caller ID will be rolled out starting today. It will be available to all users across the world within the coming days.

How to enable Truecaller on iOS 18.2

Make sure you are on Truecaller for iPhone version 14.0 or laterOpen iPhone Settings > Apps > Phone > Call Blocking & Identification.Here, enable all Truecaller switches and open the Truecaller app again. 

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 433 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-announces-its-biggest-ever-update-for-iphone-users-globally,c4094280

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SOURCE Truecaller AB

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