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Key achievements include: 33.3% reduction in Scope 1 and 2 carbon emissions against 2019 baseline, making good progress toward 2030 target. 96% of Hongkong Land’s leasing portfolio has achieved the second highest or above ratings for green building certification, ahead of its 2030 target of 90%. 81% of Hongkong Land’s wholly owned leasing portfolio has achieved the highest ratings across global green building certifications. 48% in commercial waste diversion rate, showing progress towards the 2030 target of 50%. HONG KONG SAR - Media OutReach Newswire - 16 April 2025 - In 2024, Hongkong Land made significant strides towards its Sustainability Framework 2030 goals. The Company has already met and exceeded several targets due to decarbonisation efforts, the transformation of LANDMARK in Tomorrow's CENTRAL, innovative tenant partnerships, and various CSR initiatives. Mark Lam, Head of Investor Relations and ESG Engagement, Hongkong Land; Andy Yeung, Director and Head of Technical Services, Hongkong Land; Grace Lam, Senior Sustainability Manager, Hongkong Land (From left to right) Progress to net zero: Reducing our science-based target carbon emissions Hongkong Land has achieved a 33.3% reduction in Scope 1 and 2 carbon emissions against the 2019 baseline. The Company has also improved its commercial waste diversion rate to 48%, progressing to the 2030 target which is set at 50%. By enhancing its bespoke embodied carbon tools and updating its emissions factor databases, the Company successfully advanced the granularity of its sustainability efforts along the supply chain. Beyond these achievements, Hongkong Land has reduced operational disruption and increased asset value through enhancement upgrades and energy efficiency measures with an estimated annual savings of US$1 million. Reinvesting in existing assets to accelerate decarbonisation pathway Hongkong Land has a long history of reinvesting in existing assets, ensuring each building not only withstands the test of time but also meets the latest global green building certification standards. In 2024, Hongkong Land’s sustainability efforts were once again recognised by esteemed ESG indices and rating agencies such as Global Real Estate Sustainability Benchmark (GRESB), the Dow Jones Sustainability World Index, and the S&P Global Sustainability Yearbook 2025. Hongkong Land has set a new benchmark in the city by becoming the first developer to achieve “Triple Platinum” status across its entire Hong Kong commercial portfolio. 96% of Hongkong Land’s leasing portfolio has attained the second-highest ratings or above for green building certification, and 70% of the portfolio is WELL certified. The Company is committed to maintaining the highest efficiency of its existing buildings, continuously reducing its existing portfolio’s carbon footprint and steadily progressing towards the goal of 100% certification for existing leasing portfolios by 2030. Always forward: Collaborating with tenants and partners to have greater positive environmental impact The Tenant Sustainability Partnership Programme (TSPP) was launched in 2023 to cultivate collaboration between Hongkong Land and its tenants. By the end of the first year, 23% of the Company’s total Central lettable office area – over 840,000 sq. ft. – had joined the TSPP. The TSPP has since expanded to properties on the Chinese mainland. Demolition materials account for a large proportion of a project’s total construction waste. Hongkong Land conducted a circularity study before the commencement of Tomorrow’s CENTRAL and set a 75% waste diversion rate target. The Company collaborated with contractors, suppliers and academia to identify reuse, recycle and waste reduction opportunities throughout the project. Mr Michael Smith, Chief Executive of Hongkong Land, said: “Meeting a number of our 2030 sustainability targets ahead of schedule reflects our commitment to a sustainable future as we think in generations and create lasting value for all our stakeholders. ESG leadership is fundamental to our operations, and these milestones demonstrate our ability to align business excellence with sustainable values.” For comprehensive details on Hongkong Land's sustainability performance, kindly access the full Sustainability Performance Report 2024. Hashtag: #HongKongLandThe issuer is solely responsible for the content of this announcement.Hongkong Land Hongkong Land is a major listed property investment, management and development group. Founded in 1889, it is a market leader in the development of experience-led city centres that unlock value for generations by combining innovation, placemaking, exceptional hospitality and sustainability. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 830,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry-leading green building certifications and attract the world's foremost companies and luxury brands. The Group's Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. LANDMARK, the luxury shopping destination of the Hong Kong Central portfolio, is undergoing a three-year, US$1 billion expansion and upgrade, which aims to reinforce the portfolio as a world-class destination for luxury, retail, lifestyle and business. The Group has a further 165,000 sq. m. of prestigious office space in Singapore, mainly held through joint ventures, and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund. Due to complete in 2028, it will comprise of Grade A offices, luxury and retail space, high-end waterfront residential apartments, hotels and convention and cultural facilities. Alongside LANDMARK, it forms part of the Group's CENTRAL Series of globally-recognised destinations for luxury and lifestyle experiences. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.
Kampala Declaration calls for scaling up Forward Faster initiative across Africa KAMPALA, Uganda, April 12, 2025 /PRNewswire/ -- To accelerate progress towards achieving the Sustainable Development Goals (SDGs) in Africa, the United Nations Global Compact hosted the SDGs Activation Day earlier this week as part of its Forward Faster Now Africa initiative. The SDG Activation Day served as the private sector space within the 11th Africa Regional Forum on Sustainable Development (ARFSD-11) held 7-11 April. With the theme, "Moving Forward Faster Now on the SDGs with African Businesses", the SDG Activation Day brought together CEOs, corporate sustainability professionals, private sector leaders as well as representatives from Governments, policymakers, UN officials and other stakeholders from across Africa for high-level discussions. With only 17 per cent of SDG targets on track for 2030, the UN Global Compact launched its Forward Faster initiative in 2023 to mobilize ambitious corporate action in high-impact areas: gender equality, living wage, water resilience, climate action and sustainable finance. Forward Faster calls on business leaders everywhere to drive companies to take measurable, credible and ambitious action in 5 areas that have the power to accelerate progress across all 17 SDGs where the private sector can collectively make the biggest, fastest impact by 2030. Opening discussions, Sanda Ojiambo, CEO and Executive Director of the UN Global Compact, emphasized the critical role of private businesses in achieving the 2030 Agenda: "To achieve the Africa that we all want, we know that we need forward thinkers – bold private sector leaders committed to working together and alongside Governments and civil society. Our UN Global Compact Forward Faster initiative is designed to guide and support business leaders and companies in areas where the business community is best equipped to scale sustainable business and sustainable development. These companies tell us that joining Forward Faster has helped shape company strategy, increase visibility, and build public trust, as well as get ahead of new regulations." The convening highlighted the urgent need for businesses to take action, inspiring participants to raise their ambitions. Through dedicated sessions on gender equality, sustainable finance and living wage, attendees heard tangible examples from leading African companies, facilitating peer learning to share best practices. In each session, attendees explored innovative approaches to enhance private sector engagement in sustainability, especially actions that businesses can take now, without any need for additional resources. In his remarks, Antonio Pedro, Deputy Executive Secretary of the Economic Commission for Africa (ECA), urged business leaders to act decisively, noting that with the African Continental Free Trade Area (AfCFTA) unlocking the potential of a $3.4 trillion market, the opportunities to harness Africa's potential are immense if done inclusively and sustainably. "The private sector is no bystander; it is indispensable to job creation, innovation, and ultimately, prosperity for all Africans," Pedro said. "We must move beyond visions, declarations, and plans— beyond even conferences—and translate these commitments into concrete action." The Kampala Declaration, the outcome document of the ARFSD-11, included a call for incentivizing private sector investments aligned with the SDGs and for scaling up the Forward Faster initiative in Africa to accelerate progress on the SDGs and the African Union's Agenda 2063. Key discussions on driving SDGs action On sustainable finance, SDG Activation Day participants discussed how innovative public-private-partnerships (PPPs) can serve as a way to collaboratively create transformative impact. Financial services executives also shared how capital can be mobilized towards the SDGs, sharing learnings on risk management, blended finance and financial inclusion. During the gender equality session, private sector leaders shared how they were able to move the needle within their organizations through recruitment, retention, procurement and male allyship. On living wages, participants called for cross-sector collaboration—from policy and awareness to research and technical support to ensure fair pay that lifts workers out of poverty and fuels economic growth. Members of the Africa Business Leaders Coalition (ABLC) highlighted how collective action is a multiplier for impact. Leaders shared how the ABLC has already mobilized nearly 5 billion USD for climate action and centred the importance of promoting women's economic inclusion with the ABLC Gender Statement. The ARFSD is an annual inter-governmental and multi-stakeholder platform mandated to review progress in the implementation of the 2030 Agenda for Sustainable Development and Agenda 2063, while identifying and promoting interventions to accelerate implementation of the two Agendas, and generating Africa's regional inputs to the High-Level Political Forum on Sustainable Development (HLPF) and other major national, regional, and global meetings. The African private sector has embraced the sustainable development agenda and the UN Global Compact now counts more than 1,100 participants in the region. To date, more than 115 companies in Africa have made 585 specific commitments to deliver meaningful progress by 2030. We all call on African businesses of all sizes to commit to one or more forward faster targets. For those who are not yet Global Compact participants, learn more about joining the world's largest corporate sustainability initiative HERE. About the UN Global Compact The ambition of the UN Global Compact is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the SDGs through accountable companies and ecosystems that enable change. With more than 20,000 participating companies, 5 Regional Hubs, 63 Country Networks covering 80 countries and 13 Country Managers establishing Networks in 18 other countries, the UN Global Compact is the world's largest corporate sustainability initiative—one Global Compact uniting business for a better world.
PISCATAWAY, N.J., April 8, 2025 /PRNewswire/ -- GenScript Biotech Corporation (GenScript), a global leader in life sciences research, manufacturing technologies, and production services, has released its 2024 Environmental, Social, and Governance (ESG) report. The report highlights the Company's commitments and initiatives in environmental management, social responsibility, and corporate governance, reaffirming its forward-looking vision and leadership in the global biotech industry. "In 2024, we continued to embed sustainability into the fabric of our operations and strategic vision. Through collaborative innovation and strategic execution, we have made significant strides in advancing responsible business practices while driving long-term value creation," said Sherry Shao, Rotating CEO of GenScript Biotech. "We look forward to working with global partners to build a more sustainable future." ESG Highlights: From Strategy to Action Environmental Management and Climate Action: Advancing Towards Net-Zero Emissions: As part of its efforts to address the global challenge of climate change, GenScript joined the Science Based Targets initiative (SBTi) and implemented a number of energy-saving and emissions reduction measures, including process and equipment upgrading, innovative efficiency programs, and increased use of renewable energy. GenScript's climate targets have been validated by the SBTi in early 2025, advancing its long-term goal of achieving net-zero emissions by 2050. Sustainable Supply Chain Management: Improving Transparency and Sustainability: As a Pharmaceutical Supply Chain Initiative (PSCI) supplier partner, GenScript works to improve supply chain transparency and sustainability. GenScript ensures that suppliers adhere to PSCI's core principles regarding environment, ethics, human rights, health and safety, and management systems. By incorporating PSCI requirements into its supplier evaluation framework, GenScript strives to extend responsible practices across its supply base, strengthening resilience and compliance. Employee Development and Well-being: Fostering an Equal and Inclusive Workplace: With a global workforce of 5,568 members, GenScript is committed to providing a fair, inclusive work environment and competitive compensation and benefits. GenScript empowers its employees through a wide range of training programs and development opportunities, building a high-potential talent pool to fuel long-term growth. Giving Back to Communities: Advancing Social Responsibility Through Biotechnology: GenScript supports various causes that align with its values and mission, focusing on health, education, and environmental sustainability. In 2024, through its global corporate responsibility platform — GenTeer (GenScript Volunteer), GenScript's employees contributed over 1,400 volunteer service hours. Additionally, the Company leverages its R&D expertise to facilitate industry collaboration through global forums, accelerating the development of innovative therapies and benefiting patients worldwide. GenScript's sustainability efforts have earned global recognition. GenScript received the bronze medal from EcoVadis with a significant score improvement, an "A" rating from MSCI, and a "B" rating for Climate Change from CDP. GenScript will remain committed to its mission of "Make People and Nature Healthier Through Biotechnology", driving innovation and sustainable growth of the global biotech industry. To learn more about GenScript's ESG initiatives and its ongoing journey towards sustainability, please refer to the full report available at https://www.genscript.com/gsfiles/esg/2024-ESG-Report.pdf. About GenScript Biotech Corporation Founded in 2002 in New Jersey, GenScript Biotech Corporation accelerates innovation in biotech and healthcare by providing researchers and companies with the building blocks needed to develop groundbreaking treatments and products. Guided by its mission to Make People and Nature Healthier Through Biotechnology, and its role as a trusted global leader, GenScript has a team of over 5,500 employees and has served more than 200,000 customers across over 100 countries and regions. Learn more here: https://www.genscript.com
HONG KONG, March 31, 2025 /PRNewswire/ -- Guo Guangchang, Chairman of Fosun International Limited (HKEX: 0656), issued a letter to its shareholders on 30 March, outlining the Company's strategic direction, accomplishments, and future plans. Dear shareholders, The year 2024 concluded successfully, thanks to the collective efforts of all Fosuners. Looking back on the past year, we sustained steady growth momentum and demonstrated robust resilience in the face of global economic fluctuations and market challenges. We continuously advanced our core business-focused and business streamlining strategy by divesting non-core assets and heavy assets to focus on core operations, reduce debt, and optimize our capital structure. The signed asset divestment amounted to approximately RMB17.5 billion equivalent at the group level, and approximately RMB30.0 billion equivalent at the consolidated level. In the course of asset divestment, the adjustment in the carrying value of an individual investment impacted our 2024 financial performance. Nonetheless, Fosun's overall operational fundamentals remain stable, the core businesses are under healthy development, and the industrial operation profits and operating cash flows stay healthy and stable. Looking ahead, we will further deepen our focus on core industries, leveraging our globalization and innovation capabilities to create long-term and stable value for our shareholders. Focusing on core businesses, achieving success through "strategic advancements and exits" Over the past few years, we have remained committed to our core business-focused and business streamlining strategy. While some companies and teams have bid farewell to the Fosun family during this period, I can assure you that we have never sold any company at a low price merely to offload assets. Their departure was not a result of hasty sale, but rather a deliberate decision made in line with our long-term strategy to sharpen focus on future development. Throughout this collaborative journey, we have consistently fostered win-win outcomes with our partners. The value achieved by these companies underscores our unwavering commitment and effective management over the years, continually driving enhancements to their intrinsic value. I am deeply grateful to the management teams who have led these outstanding companies forward, as their exceptional performance has enabled Fosun to navigate challenging environments with stability. In 2022 and 2023, we dedicated ourselves to a business streamlining strategy that reinforced our foundation and enabled us to advance with greater agility. In 2024, we placed greater emphasis on "balanced investment and divestment, strategic advancements and exits". While remaining committed to the divestment of non-core businesses, we also prioritized the "advancement" of our core operations, thereby ensuring sustainable growth for the Company and creating greater value for our shareholders. As a result, throughout the past year, we made notable "advancements" by focusing on our core industries. In health business, Fosun Pharma increased its stake in Fosun Kairos to 100%, which specializes in the research and development ("R&D"), manufacturing and commercialization of CAR-T cell therapy. In tourism and culture business, the ULTRAMED Hainan project in Sanya was officially launched, introducing world-class water entertainment facilities to create an AI-themed resort that integrates diverse experiences. Additionally, our proposal for the privatization of FTG was approved by a majority vote of FTG shareholders, allowing FTG to accelerate development with greater flexibility. With years of accumulation and thoughtful cultivation, we have ushered in key development opportunities for the two domestic insurance companies. The total premium income of Pramerica Fosun Life Insurance surged from RMB4,346 million in 2023 to RMB9,251 million at 2024, while Fosun United Health Insurance also experienced steady growth in premium income, and both companies achieved profitability. The continuous growth of these two companies has laid a strong foundation for Fosun's future development. After more than 30 years of steady development, Fosun has developed strong competitive advantages across multiple sectors and has gained a profound understanding of its core capabilities. Accordingly, we will concentrate on these competitive and advantageous industries, pursuing our vision of "helping global families live in health, happiness, and wealth until the age of 121". We will focus on "deep mining", which involves prioritizing the development of our core industries, including health, tourism and culture, consumption, and insurance, thereby achieving stable profit growth in the long run. Combining global growth momentum with global resources Fosun is both a practitioner and beneficiary of globalization. In 2024, our overseas revenue proportion further increased to 49.3%, and the number of overseas employees accounted for nearly half of the Group's total number of employees. In the past, we proposed combining China's growth momentum with global resources. Now, I believe we should integrate global growth momentum with global resources, along with China's competitiveness. We should fully mobilize our unique advantages in efficiency, innovation, resources, and costs, and combine them with global networks and capabilities. In terms of global expansion, all our segments achieved new breakthroughs. In health business, Fosun Pharma has evolved from adopting a "product export model" to establishing global operational capabilities that encompass the "comprehensive internationalization of research, manufacturing, and sales". Henlius has made significant strides in global market expansion. Taking the independently developed monoclonal antibody HANQUYOU as an example, it was approved for marketing in more than 50 countries and regions, and in 2024, it further expanded its commercial supply to the North American market. In insurance business, Fosun Insurance Portugal fully leveraged Fosun's "global organization + local operations" capabilities, with gross written premiums reaching approximately EUR6,172 million in 2024. Through overseas expansion, the proportion of Fosun Insurance Portugal's international business increased from less than 5% in 2014 to 29.8%. In cultural business, the Yuyuan Garden Lantern Festival celebrated its 30th anniversary and once again gained widespread popularity during the Year of the Snake edition, significantly driving overall consumption in the Yuyuan Garden commercial district during the Spring Festival. Following its successful overseas debut in Paris, France in 2023, the Yuyuan Garden Lantern Festival has embarked on another overseas journey in 2025. In January 2025, the Yuyuan Garden Lantern Festival themed lantern installation made a stunning appearance in Hanoi, Vietnam, commemorating the 75th anniversary of the establishment of diplomatic relations between China and Vietnam. This year, it will also be featured in Thailand, continuing to showcase the charm of oriental culture globally. In resources and energy business, Hainan Mining continued its international expansion, focusing on strategic resources. It successively acquired oil interests in Oman and proposed to acquire zirconium-titanium mine projects in Mozambique, thereby expanding its oil and gas business, enriching its strategic metal reserves, and broadening its profit channels. Driving long-term development with innovation We fully recognize that in today's fiercely competitive market, mere extensive and repetitive development is no longer adequate to overcome challenges and may easily result in the pitfalls of involution. We must enhance our competitiveness by developing core technologies through innovation to drive long-term development. Accordingly, Fosun firmly positions technology innovation as its strategic core. In 2024, the Group's total investment in technology innovation[1] reached approximately RMB6.9 billion. We have established more than 20 global technology innovation centers covering various industries and fields, continuously fostering the launch of new technologies and products. As time passes, our innovative achievements have evolved and undergone qualitative transformations. As one of the first Hong Kong-listed "18A" pharmaceutical companies which turned to profit through product sales, Henlius built on its initial profit in 2023 and maintained strong growth in 2024. It successfully achieved sustained profitability with a net profit of RMB820 million, representing a year-on-year increase of 50.3%. In early 2025, its core product, HANSIZHUANG (European trade name: Hetronifly®), an anti-PD-1 monoclonal antibody, was approved for marketing in the European Union. This milestone makes it the first and only PD-1 innovative drug approved for the first-line treatment of extensive-stage small cell lung cancer (ES-SCLC) in the European Union. In addition, Intuitive Fosun's Ion Robotic Bronchoscopy ("Ion System") was launched in China, enabling more lung cancer patients to achieve early diagnosis and treatment in a minimally invasive manner. Furthermore, the high-end tourist train "Silk Road Express" officially commenced operations, making it the first international luxury sightseeing train in China and filling the gap in the domestic market. Last year, I shared our perspectives on the artificial intelligence (AI) era, and we were envisioning its potential. This year, the application of AI has rapidly infiltrated various aspects of our lives, developing at a pace that far exceeds our expectation. Fosun's approach to AI is not to develop a large model by ourselves, but rather to deeply integrate AI technology into our diverse scenarios to drive innovation and enhance efficiency. For instance, Fosun Pharma launched the PharmAID decision intelligence platform, which integrates information extraction, patent insights, business forecasting, and more. With data updated at T+1, it supports accurate and efficient decision-making to accelerate and improve the drug R&D. Sisram is also exploring the use of AI for precise skin analysis and personalized skin care solutions. The ULTRAMED Hainan project is set to create the world's first AI-themed resort by utilizing AIGC technology for guest room customization. It will also introduce the digital human G.O (Gentle Organizer) service to enhance tourist experience. Regarding corporate operations and management, I encourage Fosuners to consider how to fully integrate AI into daily work comprehensively for more precise decision support and strategic assessments. Harnessing the flywheels of "insurance + industry + investment", leveraging operational capabilities to implement the asset-light strategy To achieve more effective resource allocation and drive sustainable value growth, we have integrated Fosun's profound industry expertise, extensive investment experience, and high-quality commercial resources with the operations and investments of insurance companies, forming a three-dimensional "insurance + industry + investment" flywheel-driven strategy. The collaborative growth of domestic and international insurance companies and Fosun's various industries has laid a strong foundation for the "insurance + industry + investment" flywheel-driven strategy that we have always advocated. At the same time, Fosun's unique ecosystem synergy model further amplifies the flywheel effect. In 2024, we successfully implemented the "health care + insurance" ecosystem policy model, with 14,000 community health care policies sold, totaling premiums of RMB12.85 billion. Fosun Care achieved profitability for the first time, laying a solid foundation for flywheel development. As part of our strategic direction, we made significant progress in asset-light operations in 2024. Fosun Pharma together with the Shenzhen Guidance Fund and other investors established a RMB5.0 billion biopharmaceutical industry fund to jointly promote the high-quality development of the pharmaceutical and healthcare industry in the Greater Bay Area. In addition, FTG's Taicang Alps Resort Phase II project, Jinsha Bay project in Dapeng New District, Shenzhen, and other projects were signed and commenced in 2024. Objectively, given the current market environment, heavy asset investments using our core capital do not yield returns that align with capital costs. However, low-cost funds, including those from insurance, inherently require heavy asset allocations. Therefore, to bolster our asset-light operations, it is essential to strengthen cooperation with insurance institutions and others, empowering our investment and operational capabilities. Healthy financial position, "Contribution to Society" through ESG initiatives We adhere to a prudent financial management strategy, continuously optimizing our capital structure and financing channels to gain the trust of capital markets. During 2024, Fosun repaid a total of RMB11.1 billion equivalent matured public bonds in onshore and offshore markets. We sincerely thank both domestic and international investors, as well as financial institutions, for their continuous recognition over the years. During 2024, we successfully issued USD300 million offshore bonds and obtained a sustainability-linked syndicated loan. Looking ahead, we will continue to capitalize on favorable interest rates through meticulous management and prudent leverage control. We will remain focused on divesting non-core and non-strategic assets, reducing the Group's interest-bearing debts, and strengthening our resilience to economic cycles, striving to attain "investment grade" ratings at the earliest opportunity. Fosun remains steadfast in its commitment to "Self-improvement, Teamwork, Performance, and Contribution to Society" and "Developing Business for Good". In 2024, we officially launched the "Create IMPACT" sustainable development strategy to closely integrate commercial value with social value. The "Rural Doctors Program" initiated by Fosun Foundation was recognized as an excellent case for sustainable development practice by the United Nations, serving as a model for enhancing primary healthcare and showcasing the international impact of Fosun's philanthropic efforts. Fosun Pharma has supplied a cumulative total of over 400 million doses of Artesun® (artesunate for injection) to the global market, saving more than 80 million severe malaria patients worldwide. Our sustainable development practices have also received recognition from international authorities, with an MSCI ESG rating maintained at AA for four consecutive years. In the future, we will continue to advance the "Create IMPACT" strategy and actively contribute to global sustainable development. Looking ahead to 2025, despite still facing certain pressures, we have begun to see signs of recovery in the broader market, and our results have reflected this trend. During the Spring Festival, Atlantis Sanya achieved an outstanding occupancy rate of over 98%; Tuopai T68 baijiu recorded an 80% year-on-year increase in sales revenue, thanks to its superior price-to-quality proposition; our Club Med winter resorts in China and Hokkaido, Japan continued to experience strong demand throughout the peak season. These achievements reinforce our great confidence in future development. We extend our heartfelt gratitude to our shareholders for your unwavering understanding and support over the past year. We are well-prepared to tackle challenges and pursue progress through "strategic advancements and exits", while continuing to deepen our development in core industries. We are confident in our ability to maintain steady development, create long-term value for our shareholders, and contribute to healthier, happier, and wealthier lives for families worldwide. Guo Guangchang30 March 2025 [1] It includes scientific research investment (expensed and capitalized) but excludes digitalization expenses.
URUMQI, China, March 27, 2025 /PRNewswire/ -- On March 25, State Grid Xinjiang Electric Power Co., Ltd. successfully completed the deployment and testing of the distribution network micro-application cluster, marking a phased advancement in the pilot construction. The distribution network micro-application cluster represents a significant outcome of the intelligent transformation and development of the State Grid Xinjiang power distribution network. It integrates previously decentralized systems and data resources, covering all business domains of the distribution network, thereby forming a systematic and refined management framework. This fully supports the operation and management of the distribution network, enabling personnel to avoid switching between multiple systems, significantly enhancing operational efficiency. Furthermore, it empowers grassroots operations by reducing burdens, improving business quality and efficiency, and facilitating energy transformation and green development. As one of the pilot units for the construction of the distribution network micro-application cluster within the State Grid Corporation, State Grid Xinjiang Electric Power officially initiated the construction of the distribution network micro-application cluster in December 2024. Through efficient organization and innovative practices, it has achieved phased results in system deployment, testing and verification, integration, and evolution, establishing itself as a benchmark for the construction of digital intelligent distribution networks in Western network provinces. To ensure steady and orderly progress in this initiative, State Grid Xinjiang Electric Power established a dedicated team for the pilot construction of the distribution network micro-application cluster. It coordinated with local and municipal power supply companies to complete the deployment of PC and APP-based micro-applications and conducted the first round of testing and verification for all applications. Additionally, to enhance the application ecosystem capabilities of the distribution network micro-application cluster, it completed a differentiated analysis of provincial self-built systems versus the distribution network micro-application cluster, systematically advancing the integration and evolution of self-built systems while guiding the practical application of the distribution network micro-application cluster in Xinjiang. Moving forward, State Grid Xinjiang Electric Power will accelerate the construction of the distribution network micro-application cluster, increase investment in the intelligent transformation of the distribution network, and strive to establish a modern distribution network management system characterized by "equipment transparency, business online-ization, and intelligent management and control." This effort aims to contribute to Xinjiang's strength in supporting the State Grid Corporation's goal of becoming "an internationally leading energy Internet enterprise with Chinese characteristics."
NEW YORK, March 21, 2025 /PRNewswire/ -- Ahead of World Water Day, the Water Resilience Coalition—a CEO-led initiative driving corporate action on water stress—announced the addition of two new members: Grundfos and Haleon. This expansion brings the Coalition's membership to 40 leading companies, collectively representing a market capitalization exceeding US$5 trillion. The Water Resilience Coalition is an initiative of the CEO Water Mandate, a partnership between the Pacific Institute and the United Nations Global Compact. By 2030, the Coalition aims to unite a critical mass of companies to build water resilience in their operations and supply chains, while also investing in collective action to improve water resilience in 100 Priority Basins, the most water-stressed basins in the world. In addition, the Water Resilience Coalition announced that Heineken, alongside a key partner have intensified efforts to enhance water resilience in the Rio Bravo River Basin, which spans the United States and Mexico. Their commitment will drive impactful collaborations in this Priority Basin, advancing collective action for sustainable water management. "The momentum we are seeing—from new members to deepened corporate leadership in priority basins—demonstrates that water stewardship is no longer optional. It's a business and sustainability imperative," said Jason Morrison, Head of the CEO Water Mandate. "Leading companies, including Heineken, are playing a catalytic role in advancing action in water-stressed basins around the globe by supporting collaborative infrastructure and services for scaling and tracking strategic, multi-funder investment opportunities for basin-wide impact." More than 60 companies have also endorsed the CEO Water Mandate in 2025, bringing the total number of companies to 478. These companies have committed to continuous progress building water resilience across their direct operations, supply chains, watershed management, and other areas. About the CEO Water Mandate The CEO Water Mandate is a partnership between the UN Global Compact and the Pacific Institute that mobilizes business leaders on water, sanitation, and the Sustainable Development Goals for corporate water stewardship. Mandate endorsers commit to continuous progress against six core elements (direct operations, supply chain and watershed management, collective action, public policy, community engagement, and transparency) and in so doing understand and manage their own water risks. Established in 2007, the CEO Water Mandate was created out of the acknowledgement that global water challenges create risk for a wide range of industry sectors, the public sector, local communities, and ecosystems alike About the Water Resilience Coalition The Water Resilience Coalition is an industry-driven, CEO-led initiative of the CEO Water Mandate that aims to elevate the long-term mounting crisis of global water stress to the top of the corporate agenda and to preserve the world's freshwater resources through collective action in water-stressed basins and ambitious, quantifiable commitments. About the UN Global Compact As a special initiative of the United Nations Secretary-General, the UN Global Compact is a call to companies worldwide to align their operations and strategies with Ten Principles in the areas of human rights, labour, environment and anti-corruption. Our ambition is to accelerate and scale the global collective impact of business by upholding the Ten Principles and delivering the Sustainable Development Goals through accountable companies and ecosystems that enable change. With more than 18,000 companies and 3,800 non-business signatories based in over 101 countries, and 62 Local Networks, the UN Global Compact is the world's largest corporate sustainability initiative—one Global Compact uniting business for a better world. About the Pacific Institute Founded in 1987, the Pacific Institute is a global water think tank that combines science-based thought leadership with active outreach to influence local, national, and international efforts in developing sustainable water policies. From working with Fortune 500 companies to frontline communities, our mission is to create and advance solutions to the world's most pressing water challenges. Since 2009, the Pacific Institute has also acted as co-secretariat for the CEO Water Mandate, a global commitment platform that mobilizes a critical mass of business leaders to address global water challenges through corporate water stewardship.
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