Connect with us

Technology

LAZADA GROUP RELEASES ANNUAL ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) IMPACT REPORT FOR FINANCIAL YEAR 2024

Published

4 months ago

on

Lazada’s third ESG Impact Report underscores its commitment to building a responsible and sustainable business through innovation

SINGAPORE, Aug. 27, 2024 /PRNewswire/ — Lazada, a leading eCommerce platform in Southeast Asia, today released its annual Environment, Social, and Governance (ESG) Impact report: Accelerating Innovation, Anchoring Resilience for its financial year (FY) 2024. The annual report continues to detail the Group’s ongoing efforts and achievements, under the four core pillars of its ESG framework, namely: Empowering Communities, Future-Ready Workforce, Environmental Stewardship, and Effective Governance.

One key highlight in this year’s report is the introduction of an internal carbon data collection platform developed to track and monitor the Group’s carbon emissions. The platform utilizes an improved activity-based carbon accounting methodology that is also constantly being refined to reflect real-world conditions to obtain more precise information for effective emissions management. This improvement enhances the data quality and accuracy for Scope 1 and Scope 2 emissions, making it more robust than in previous years. The implementation of various business optimization initiatives to lower overall electricity consumption also contributed to a 40% reduction in Lazada’s overall Greenhouse Gas (GHG) emissions as compared to the previous reporting period. Specifically, our reported emissions have decreased by 54% in Scope 1, and by 8% and 30% in Scope 2 and Scope 3, respectively.

“Our third ESG Impact Report continues to showcase our commitment to creating a positive impact on the environment and key stakeholders in the wider eCommerce ecosystem that includes our employees, buyers, sellers and the communities we serve,” said James Dong, Chief Executive Officer, Lazada Group. “Our confidence in Lazada’s future stems from our commitment to fostering long-term growth through continuous adaptation and resilience building. We remain focused on creating value for our stakeholders, driving economic prosperity, and championing sustainable developments across the region.”

The report highlights many other notable achievements and progress of the company’s ESG efforts during the reporting period, including:

Empowering Communities:Driving innovations across the ecosystem: Lazada leverages technological innovations to redefine the online retail experience and bridge the digital divide:AI applications to empower buyers, such as Lazada’s “Ask the Buyers” feature to prompt past buyers to respond to product-related questions and aid other buyers in product selection, and the launch of LazzieChat, Lazada’s first-of-its-kind chatbot powered by OpenAI ChatGPT, in Indonesia, the Philippines and Singapore.Lazada’s national QR code payment initiative to facilitate seamless payments in Singapore and Thailand, to provide more online payment options for buyers, making online shopping more accessible and inclusive for consumers without credit or debit cards.Championing local businesses: Lazada launched the Lazada Sustainability Academy in October 2023, a pioneering program to empower small and medium Southeast Asian businesses with the mindset and knowledge needed to future-proof and transform sustainably.Future-Ready Workforce:Shaping the future of digital commerce through digital enablement and outreach engagement: Lazada Indonesia partnered with the West Java Ministry of Education through the Acceleration of Indonesian Digital People’s Work Movement (AKAR), to organize the “Naik KeLaz” Training of Trainers program for 100 vocational high school teachers.Cultivating a deeper understanding of sustainability for Lazadians: Lazada launched its first ESG internal training module, to provide a foundational understanding of ESG principles, enabling all employees to apply these learnings in day-to-day business practices.Environmental Stewardship:Lower carbon footprint: Lazada reduced its overall GHG emissions by 40%, compared to the last reporting period, based on a more accurate activity-based carbon accounting methodology.Notable sustainable logistics initiatives: In September 2023, Lazada Thailand launched its first eco-friendly logistics hub at the Tha Raeng Ramindra logistics facility to minimize its environmental impact through three key strategies: using solar power, utilizing electric motorcycles for transportation, and providing delivery partners with uniforms made from recycled PET plastics bottles. 20% of the facility’s electricity needs are powered by solar energy generated.Effective Governance:Strengthened cybersecurity measures: Lazada achieved a 100% employee training completion rate for its Code of Business Conduct and Anti-Bribery and Corruption Policy during the reporting period.Best practices for intellectual property protection (IPR) and processes: Lazada’s Intellectual Property Protection Platform processes over 97% of takedown requests by rights holders within 72 hours. Under the proactive measures program, the platform is able to leverage advanced technology like AI and image recognition to remove 85.7% of identified listings, achieving a 90% removal rate before transactions occur for 140 brands.

“Sustainability is a continuous journey, which should be managed holistically. As such, we believe in transparency and accountability when it comes to tracking and reporting on our progress,” said Gladys Chun, General Counsel, Lazada Group. “We are proud of the achievements that we have accomplished on this journey, as we strive to make positive and meaningful contributions to the wider eCommerce ecosystem, the communities we serve and the environment.”

Lazada’s FY2024 ESG Impact Report is prepared with reference to the Global Reporting Initiative (GRI) Standards 2021[1].

The full FY2024 ESG Impact Report: Accelerating Innovation, Anchoring Resilience can be found here. 
For a summary of notable achievements and highlights from the report, please click here.

Editor’s Note:

Lazada’s FY2024 ESG Impact Report details its ESG approach and performance across the Group’s operations in six countries – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam – and the operations of its subsidiary, RedMart in Singapore for the reporting period of 1 April 2023 to 31 March 2024 (“FY2024”), unless otherwise stated.This report also includes data from the prior reporting period of 1 April 2022 to 31 March 2023 (“FY2023”) for comparison where applicable.The GRI Standards was selected as it is the most widely adopted global standard among businesses to report on sustainability matters across comparable criteria. A detailed GRI Standards content index is provided at the end of the report (page 24).

About Lazada Group
Lazada Group is Southeast Asia’s pioneer eCommerce platform. For the last 12 years, Lazada has been accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam through commerce and technology. Today, a thriving local ecosystem links about 160 million active users to more than one million actively-selling sellers every month, who are transacting safely and securely via trusted payments channels and Lazada Wallet, receiving parcels through a homegrown logistics network that has become the largest in the region.

[1] See Editor’s Note for more details

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/lazada-group-releases-annual-environmental-social-and-governance-esg-impact-report-for-financial-year-2024-302231039.html

SOURCE Lazada Group

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Get Ready for Bybit’s ‘Keynote with Ben’ Livestream: Unveiling 2025 Vision and Exclusive Prize Pool

Published

5 minutes ago

on

January 7, 2025

By

DUBAI, UAE, Jan. 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is gearing up to captivate audiences with its highly anticipated livestream event, Keynote with Ben: In the Driving Seat to the Moon — Beat the Unknown. The event promises to spotlight Bybit’s remarkable journey, its vision for 2025 and beyond, and a series of groundbreaking innovations that redefine the digital finance landscape.

Scheduled for Jan. 21, 2025, at 8 a.m. UTC, the livestream will feature Bybit’s CEO Ben Zhou delivering insights into the future of Web3, Bybit’s ecosystem expansion, and pioneering advancements in wealth management. With a commitment to shaping the next era of decentralized finance, Bybit aims to inspire and inform both its loyal community and newcomers alike.

Exciting Rewards Await

In conjunction with the keynote, Bybit is launching an exclusive campaign running from now to Jan. 21, 2025. Participants have the opportunity to win a share from a generous 5,250 prize pool in combined rewards, including tokens and P2P coupons. The rewards will be distributed through various activities:

New User Exclusive: New users who sign up and subscribe to the event early can claim a 5 USDT reward on top of Bybit’s 20 USDT sign-up bonus. This offer is limited to the first 150 participants.Spread the Word: By sharing the livestream link on social media and submitting proof of their posts, 100 lucky participants will receive a 5 USDT spot airdrop.Trade and Win During the Livestream: Participants who trade at least 50 USDT during the livestream can share a 3,300 CHILLGUY prize pool, while new users depositing 100 USDT or more will compete for a 200 GRASS token prize pool.Ask and Earn: By submitting thought-provoking questions through the livestream page, 25 standout participants will win 20 USDT P2P coupons, sharing a total prize of $500.

Unveiling a Bullish Vision

Bybit’s 2025 roadmap includes ambitious milestones and transformative strategies designed to empower its users in the evolving Web3 ecosystem. Attendees of the keynote can expect firsthand insights into the company’s accomplishments and its forward-looking initiatives.

The keynote will feature a retrospective on Bybit’s significant milestones achieved in 2024, the unveiling of new ecosystem expansions, and an exploration of cutting-edge Web3 innovations. Additionally, attendees can look forward to announcements about advanced wealth management solutions designed to empower users in a decentralized future.

Bybit invites its community and beyond to join this milestone event, where vision meets action, and opportunities for rewards are plentiful. While the livestream is sure to inspire, the accompanying campaign ensures tangible benefits for those participating in Bybit’s ongoing journey to the moon.

#Bybit / #TheCryptoArk / #BybitLivestream

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Photo – https://mma.prnewswire.com/media/2592556/Bybit_Keynote_Livestream.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/get-ready-for-bybits-keynote-with-ben-livestream-unveiling-2025-vision-and-exclusive-prize-pool-302344463.html

Continue Reading

Technology

CobbleStone Software Attains Over 95 Percent Customer Satisfaction

Published

5 minutes ago

on

January 7, 2025

By

CobbleStone Software boasts a customer satisfaction rate of over 95 percent.

PRINCETON, N.J., Jan. 7, 2025 /PRNewswire-PRWeb/ — CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – is proud to announce that it has attained a customer satisfaction rate of over 95 percent. CobbleStone attributes its continued positive reception to steady innovation, a client-centric approach, and demonstratable value.

“It is deeply rewarding to see such a high level of customer satisfaction. We are grateful to our clients for their trust and look forward to continue helping professionals across sectors and industries power our world in amazing ways.” – Bradford Jones, VP of Sales & Marketing at CobbleStone

The over 95 percent customer satisfaction milestone reflects CobbleStone’s unwavering commitment to delivering a future-minded, reliable, user-friendly, and highly configurable contract management and eProcurement software solution that empowers organizations worldwide to streamline and simplify their processes.

Driving forces behind this achievement include:

A Client-Centric Approach: CobbleStone Software prioritizes customer success by offering detailed implementation, various customer support options, a vast array of training and learning opportunities, and a comprehensive knowledge and resource base. The company’s Customer Success Team works hand-in-hand with clients to ensure their unique business needs are met.

Innovative Features: CobbleStone Contract Insight® is a generative-AI-powered, award-winning solution that boasts multiple new features and enhancements per year. Furthermore, it seamlessly integrates and connects with mission-critical systems and applications for smooth process flow and centralization.

Demonstratable Value: CobbleStone provides a scalable, configurable solution that delivers measurable ROI. Organizations across industries have reported significant time and cost savings by automating and optimizing their contract and procurement processes.

CobbleStone users in various industries have praised the solution’s ease of use and breadth of features. One user stated, “CobbleStone offers the features we need to organize and analyze our key information at a glance and more—all at the right price point.” Another said, “We have expanded the utility of CobbleStone in our business even more than we originally envisioned, and staff has always been helpful in getting us where we needed to go.”

“It is deeply rewarding to see such a high level of customer satisfaction,” says Bradford Jones, VP of Sales and Marketing at CobbleStone Software.

“This achievement validates our efforts to consistently exceed expectations for our innovative service offering. We are grateful to our clients for their trust and look forward to continuing to help business professionals across sectors and industries power our world in amazing ways with our award-winning legal technology.”

Contact CobbleStone Software for a free demo.

For more information, email Sales@CobbleStoneSoftware.com or call 866-330-0056.

About CobbleStone Software:

CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone’s contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.

Follow CobbleStone Software on social media:

LinkedInXFacebookYouTube

To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone’s Contract Insights blog.

Media Contact

Sean Heck, CobbleStone Software, 866-330-0056, Marketing@CobbleStoneSoftware.com, https://www.cobblestonesoftware.com/

Twitter

View original content to download multimedia:https://www.prweb.com/releases/cobblestone-software-attains-over-95-percent-customer-satisfaction-302341537.html

SOURCE CobbleStone Software

Continue Reading

Technology

Youreka Launches Template Copilot: Announcing Prompt App Development (PAD) for Enterprise-Scale Operations

Published

5 minutes ago

on

January 7, 2025

By

 Built for Salesforce, Powered by AI, Designed for the Modern Enterprise

BOSTON, Jan. 7, 2025 /PRNewswire/ — Youreka, a leading Salesforce ISV partner, recently introduced Template Copilot, the world’s first true Prompt App Development (PAD) solution, purpose-built to transform enterprise workflows into dynamic, offline-ready mobile apps with unprecedented speed and simplicity. Evolving beyond traditional Low-Code Application Development (LCAD) and Rapid Mobile Application Development (RMAD) approaches, Template Copilot represents a new era of app creation, where natural language prompts drive the generation of sophisticated enterprise mobile applications. Powered by advanced AI capabilities, this groundbreaking solution sets a new standard for productivity and scalability across industries.

 

“By combining the power of AI with Salesforce-native simplicity, Template Copilot empowers organizations to create and deploy mobile forms at lightning speed, enabling smarter, faster, and more connected operations.”

Template Copilot empowers enterprises to instantly transform static documents into mobile-ready apps using simple, intuitive prompts such as “Create a health, safety, and environmental inspection for my mobile workers based on the latest industry safety standards and best practices.” Another example of its powerful capabilities includes “Convert this home inspection PDF to Spanish and add a new section for HVAC details.” By leveraging Template Copilot, organizations can replace manual workflow creation with intelligent, efficient prompts in seconds.

Revolutionizing Enterprise App Creation with Template Copilot

Template Copilot introduces a suite of innovative features designed to meet the complex needs of enterprise organizations:

AI-Powered Migration: Effortlessly transforms static PDFs into dynamic, intelligent templates, automating the migration of existing workflows to Youreka’s mobile platform.Prompt-Driven Design: Enables users to build templates from scratch by simply describing their needs in natural language and generating a fully functional, ready-to-deploy template.Enterprise-Grade Scalability: Seamlessly supports the most intricate workflows, enabling organizations to operate at-scale across unlimited regions, departments, and use cases.No-Code Configuration: Combines an intuitive drag-and-drop editor with automated template generation, allowing users to customize and deploy templates quickly without any coding expertise.Offline-Ready Functionality: Ensures mobile teams can work without interruption, even in remote locations or areas with limited connectivity.

“Youreka’s Template Copilot isn’t just a product—it’s a paradigm shift for enterprise app development,” said Dan Bergner, Co-Founder and Chief Product Officer at Youreka. “By combining the power of AI with Salesforce-native simplicity, Template Copilot empowers organizations to create and deploy mobile forms at lightning speed, enabling smarter, faster, and more connected operations.”

With the launch of Template Copilot, Youreka signals a bold step forward in its broader Generative AI vision. This debut innovation sets the stage for a transformative roadmap that will redefine workflow automation, intelligent learning systems, and field service enhancement. Future capabilities aim to take organizations beyond the limits of traditional automation into a new era of AI-powered improvement and augmentation.

“Template Copilot is our first step in helping customers quickly migrate their workflows into Youreka,” added Bergner. “We will also focus on enabling businesses to adopt reinforcement learning models that continually refine their operations. Ultimately, our goal is to elevate service delivery by empowering mobile workers with AI-driven insights and tools, creating a smarter and more effective workforce.”

Driving Productivity and Innovation Across Industries

From health and life sciences to energy, utilities, property management, public sector and manufacturing, Template Copilot addresses the unique challenges of enterprise-scale mobile workforces. Whether enhancing field service efficiency or optimizing operational workflows, this next-generation solution provides the tools necessary for organizations to innovate and grow.

Discover the Power of PAD with Template Copilot

Template Copilot redefines what’s possible for enterprises, delivering faster app creation, streamlined workflows, and unparalleled productivity. To explore how Template Copilot can transform your business, visit Youreka’s website.

About Youreka

Youreka, a Dispatch company, is at the forefront of empowering mobile workforces, enabling superior service delivery and operational excellence. Built natively on Salesforce, Youreka integrates seamlessly to support enterprises at scale, delivering smarter workflows across industries like health and life sciences, energy, utilities, property management, public sector and manufacturing. Backed by Vista Equity Partners, Youreka and Dispatch are shaping the future of service orchestration, revolutionizing how enterprises, mobile workers, and end customers connect.

For more information, contact:
Sonja Torborg
Sr. Director of Marketing
320.493.0942

Learn more at youreka.io

View original content to download multimedia:https://www.prnewswire.com/news-releases/youreka-launches-template-copilot-announcing-prompt-app-development-pad-for-enterprise-scale-operations-302343065.html

SOURCE Youreka

Continue Reading

Trending