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Corporates Continue to Embed Sustainability in Core Business Strategies

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SHANGHAI, Oct. 24, 2024 /CNW/ — Amidst the evolving global energy landscape and a growing climate crisis, ESG-focused brands are playing a crucial role in creating a sustainable future. According to Thomson Reuters’ Mid-year status report, 53% of 600 middle-market CFOs have integrated or are in the process of integrating sustainability principles into their core business strategy. Authentic sustainability disclosure is increasingly vital for the long-term development of corporations. The latest assessment by Morgan Stanley Capital International (MSCI) highlights several companies that are improving their ESG ratings, with notable examples such as Sungrow, a renowned renewable energy brand, achieving an ‘AA’ rating for its steadfast commitment to sustainability. 

Over the years, Sungrow has marked many noteworthy milestones on the global stage, such as securing a substantial 7.8GWh grid-side energy storage order in Saudi Arabia and a significant 3GWh independent energy storage order in Australia. The brand is always at the forefront of revolutionizing the renewable energy landscape with a steadfast commitment to technological innovation. The ESG achievement underscores the brand’s dedication to sustainable growth in businesses and sound climate actions towards a greener world.

The MSCI ESG assessment wields significant sway among investors globally, offering a thorough assessment of ESG practices of over 8,500 publicly listed companies worldwide. Meanwhile, the sustainable development practices of Sungrow have also been recognized by international organizations such as S&P Global and Boston Consulting Group (BCG) in recent years.

Highlights in ESG

According to the MSCI analysis, Sungrow is strongly aligned with the 4 Sustainable Development Goals (SDGs), including affordable and clean energy, industry, innovation and infrastructure, responsible consumption and production, and climate action. Furthermore, an Implied Temperature Rise of between 1.5 and 2.0°C indicates that the brand is in line with the Paris Agreement’s long-term goal of limiting global mean temperature increase to below 2°C pre-industrial levels.

As per the sustainability report released at the end of 2023, the company reached a renewable energy usage rate of 55%, marking a significant increase. The energy consumption per unit of product production decreased by 6.75% compared to 2020, showcasing notable progress in sustainability efforts. Leveraging both technological and managerial energy-saving strategies, the company saved over 1300MWh of electricity throughout the year. Notably, Sungrow clinched the top spot among the top 10 constituents in the MSCI China A Onshore IMI Efficient Energy Index as of September 30th.

Journey to a greener world

Embracing the philosophy of “Green Mission, Better Life”, Sungrow focuses on clean energy, continuously bridging the green ecosystem and better life. The brand has crafted a sustainable development blueprint that concentrates on its key sectors of expertise.

Clarify five sustainability strategic objectives

The Company actively promotes the five strategic goals of Excellent Governance, Towards Net Zero, Eco-friendly Development, Mutually Beneficial Collaboration, and Diversity and Inclusion.

Formulate a multi-level strategic goal system

From a global perspective, Sungrow began benchmarking against seventeen SDGs in 2019. The company identified those most closely aligned with its business attributes and resource capabilities as key areas for sustainable and responsible operations, as well as crucial for ESG information disclosure. Notably, Sungrow has refined its focus from the initial twelve SDGs to the current ten. This adjustment not only reflects the ongoing evaluation of the SDGs but also underscores a clear strategic direction. Furthermore, the company effectively identifies strategic objectives and outcomes while integrating short-, medium-, and long-term goals to create a robust strategic framework.

Earlier this year, Sungrow unveiled its ESG objectives leading up to 2048, marked by a series of ambitious milestones, including pledging to achieve operational carbon neutrality by 2028, extending this commitment to its supply chain by 2038, and ultimately attaining net-zero status across its supply chain by 2048. Notably, 96.79% of its suppliers signed the Supplier Code of Conduct in 2023. These efforts underscore Sungrow’s proactive approach to driving its suppliers and the broader industry towards a greener, low-carbon future.

Recent hurricane disasters in America and flooding in central and eastern European nations have garnered significant attention, highlighting the intricate connection between extreme weather events and climate change. Urgent action is needed to accelerate global climate action and the energy transition under the green consensus, where economical green energy will play a pivotal role. The theme for the upcoming COP29 in November is ‘In Solidarity for a Green World.’ Companies in the renewable energy sector, such as Sungrow, that prioritize ESG are making significant strides in combating climate change and facilitating a just energy transition for the world.

CONTACT: Mina Zhang, mina.zhang@cn.sungrowpower.com

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SOURCE Sungrow Power Supply Co., Ltd.

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Unifor calls on CN to prioritize passenger rail services

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OTTAWA, ON, Oct. 24, 2024 /CNW/ – Unifor is urging Canadian National Railway (CN) to prioritize the effective management of its rail infrastructure to ensure the safe and efficient operation of VIA Rail’s passenger services.

“This is about CN stepping up to fulfil its obligations to all rail users,” said Unifor National President Lana Payne. “Passenger rail must be prioritized to ensure that services like VIA Rail can operate safely and efficiently.”

Recent speed restrictions on key corridors have raised questions about CN’s accountability to all rail users, especially with minimal government oversight. Unifor maintains that CN has a duty to collaborate more effectively with passenger rail operators. The union argues that CN knew about VIA Rail’s acquisition of new trains and yet failed to engage in proactive discussions to accommodate the necessary adjustments.

“CN’s responsibility goes beyond sending notifications—it must actively facilitate a rail system that accommodates all users. As the owner and primary manager of these tracks, CN has a duty to ensure that passenger services are not compromised,” said Payne.

VIA Rail recently announced delays along the Quebec CityOttawaToronto corridor due to speed restrictions imposed on tracks owned and maintained by CN. The issue has drawn attention to the lack of regulatory oversight and CN’s dominant control over Canada’s rail infrastructure, impacting passenger rail services.

Unifor believes that the government must reassert regulatory oversight to prevent freight operators from sidelining passenger rail services. The union continues to advocate for the investment in passenger rail infrastructure, fair regulation, and a rail network that puts Canadians’ needs first.

Unifor is Canada’s largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.

SOURCE Unifor

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Axon to Release Third Quarter 2024 Earnings on November 7, 2024

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SCOTTSDALE, Ariz., Oct. 24, 2024 /PRNewswire/ — Axon (Nasdaq: AXON), the global public safety technology leader, today announced that it will report third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Axon will host a live Zoom video webinar to discuss the company’s financial results at 5 p.m. ET that same day.

The live webinar to discuss financial results, followed by Q&A, will be linked from Axon’s investor relations website at https://investor.axon.com. An archived replay will be available after the call ends. 

Upcoming Conference Participation

The Company also announced that Axon will participate in the following upcoming conferences. If applicable, events will be webcast live and archived on Axon’s investor relations website at https://investor.axon.com.

Northcoast 2024 Fall Management Forum, Wednesday, November 13, 202414th Annual Needham Virtual SaaS 1×1 Conference, Thursday, November 21, 2024Barclays Global Technology Conference, Wednesday, December 11, 2024

About Axon

Axon is a technology leader in global public safety. Our moonshot goal is to cut gun-related deaths between police and the public by 50% before 2033. Axon is building the public safety operating system of the future by integrating a suite of hardware devices and cloud software solutions that lead modern policing. Axon’s suite includes TASER energy devices, body cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities. Axon’s growing global customer base includes first responders across international, federal, state and local law enforcement, fire, corrections and emergency medical services, as well as the justice sector, enterprises and consumers.

Non-Axon trademarks are property of their respective owners. Axon, the Delta Logo, Protect Life and TASER are trademarks of Axon Enterprise, Inc., some of which are registered in the United States and other countries. For more information, visit www.axon.com/legal. All rights reserved.

Follow Axon here:

Axon on X: https://x.com/axon_usAxon on Facebook: https://www.facebook.com/Axon.ProtectLife/Axon on LinkedIn: https://www.linkedin.com/company/axon-protect-life/

Note to Investors

Please visit http://investor.axon.com, https://www.axon.com/presshttps://x.com/axon_us and https://www.facebook.com/Axon.ProtectLife/ where Axon discloses information about the company, its financial information and its business.

CONTACT:
Investor Relations
Axon Enterprise, Inc.
IR@axon.com

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SOURCE Axon

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WASTE CONNECTIONS DEMONSTRATES PROGRESS TOWARDS ESG GOALS IN UPDATED 2024 SUSTAINABILITY REPORT

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TORONTO, Oct. 24, 2024 /PRNewswire/ — Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) today released its 2024 Sustainability Report – Connecting with the Sustainable Future. The report demonstrates progress toward the Company’s aspirational ESG targets and sustainability-related objectives.

“2023 was another year of progress towards our sustainability-related goals, which we believe are inextricably linked to our focus on value creation in our business,” said Ronald J. Mittelstaedt, President and Chief Executive Officer. “With a multi-year reduction of 40% in emissions intensity, we have demonstrated that outsized growth is compatible with the achievement of our long-term aspirational ESG targets.”

Mr. Mittelstaedt added, “I would like to thank our 24,000 employees who embody our core values and drive our results. I’m particularly pleased by the notable momentum from reductions in voluntary turnover and the related impacts to safety-related metrics, both of which are showing ongoing improvement in 2024.”

Highlights of the 2024 Sustainability Report include:

Notable Gains in Employee Engagement: Voluntary turnover declined 22% in 2023, with continued improvement in 2024 bringing total declines of over 40% from peak levels in 2022.

Improved Safety Metrics: Incident rates were reduced by 7% in 2023, with ongoing momentum in 2024 bringing a total decline to 13% from 2022 levels.

Emissions Intensity Continues to Decline: Reductions in Scope 1 and 2 emissions intensity of over 40% from the 2019 baseline with absolute emissions down 13%.

Increased Resource Recovery: Continued increases in recycling and biogas recovery and beneficial reuse, including through investments in new facilities.

Reducing Fleet Emissions: Initiated testing of electric vehicles in New York City as part of commercial franchise introduction, with additional units on order.

The Waste Connections 2024 Sustainability Report is available at wasteconnections.com/sustainability or by clicking the following link: Waste Connections 2024 Sustainability Report.

About Waste Connections

Waste Connections (wasteconnections.com) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance (“ESG”) efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement. Visit wasteconnections.com/sustainability for more information and updates on our progress towards targeted achievement.

Safe Harbor and Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events and operating performance. These forward-looking statements are often identified by the words “may,” “might,” “believes,” “thinks,” “expects,” “estimate,” “continue,” “intends” or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the timing and amount of investments and the ability to meet or exceed long-term, aspirational sustainability targets. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed from time to time in the Company’s filings with the SEC and the securities commissions or similar regulatory authorities in Canada.  You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.  Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

CONTACT:
Mary Anne Whitney / (832) 442-2253                              Joe Box / (832) 442-2153
maryannew@wasteconnections.com                              joe.box@wasteconnections.com    

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SOURCE Waste Connections, Inc.

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