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Strongly committed to ESG and innovation, Zurich integrates these values into every aspect of its daily operations and product development, resulting in eight award wins in H1 2023 Through enriching ESG investment choices with 34 options in its latest investment-linked insurance schemes, Zurich ranks top in the local market in terms of number of ESG investment choices available[1] Zurich's innovative, dynamic and responsive approach to travel protection and outstanding performance during the pandemic was well-acclaimed by the industry HONG KONG, July 5, 2023 /PRNewswire/ -- Zurich Insurance (Hong Kong) ("Zurich") is committed to creating long-term value for its stakeholders, while making a positive impact on the environment and the communities it serves. Zurich takes proactive actions to implement sustainable practices in the business and continuously develop ever more innovative products for customers. The eight awards proudly won by Zurich in the first half of 2023 are a testament to this commitment. Eric Hui, CEO of Zurich Insurance (Hong Kong), commented, "We are honored to have been recognized with these awards for our dedication to ESG and to our customers. It is a testament to the hard work and commitment of our team, who have gone above and beyond to embed sustainable practices in our business operations and develop innovative products that make us standout in the market. We are also proud to be living our promises, as Zurich Insurance Group is the first insurer to commit Paris Agreement and has gained the highest ESG rating of AAA from MSCI." (From left to right) Ivy Kam - Senior Underwriting Manager, Erik Choi - Head of Propositions, Life Business, and Kannes Wong - Head of Strategy and Planning, Sustainable Officer received travel insurance, ILAS and ESG related trophies respectively. ILAS pioneer enabling responsible investment As one of the pioneers and market leaders of investment-linked assurance scheme (ILAS) in Hong Kong, Zurich prides in its innovation that facilitates customers' wealth succession across generations as well as responsible investments. Zurich has significantly enriched its ESG investment choices with 34 choices in its latest investment-linked insurance schemes, thereby ranking top in the insurance industry in Hong Kong based on the impressive number of ESG investment choice available. Its ILAS products proudly scooped four awards in H1 2023, including: "Life & Wealth Management Insurance (Product/Service) – Excellence Performance" from Bloomberg Businessweek/Chinese Edition Financial Institutions Awards 2023 "Outstanding Investment-Linked Life Products Award" from Metro Finance GBA Insurance Awards 2023 "Award for Excellence in Investment-linked Assurance Scheme" from Ming Pao Awards for Excellence in Finance 2023 "Investment-linked Assurance Scheme (ILAS) - Best-in-Class" from Benchmark Wealth Management Awards 2022 First in market to launch a new travel insurance to address the challenges facing by travelers during COVID-19 Zurich is pleased to garner the "Award for Excellence in Travel Insurance" presented by Ming Pao Awards for Excellence in Finance 2023, in recognition of Zurich's pioneering, customer-centric and responsive travel insurance strategy. We were the first insurer in the market to launch the brand-new travel insurance product in July last year as a quick response to the surge in demand for protection against COVID-19. This industry achievement reaffirms Zurich's successful initiative and unwavering commitment to providing products and services that suit customers' diverse needs. ESG and Sustainability at the forefront, leading the way with accolades Zurich Insurance Group aspires to be one of the most responsible and impactful businesses in the world, and targets to achieve net-zero emissions in operations by 2030. In Hong Kong, the company continuously pushes the boundaries in ESG and sustainability, and was recognized with three prestigious awards in H1 2023: "Award for Excellence in Sustainability" from Ming Pao Awards for Excellence in Finance 2023 "Responsible Insurer Award - Outstanding Responsible Insurer" from Benchmark Wealth Management Awards 2022 "20 Years Plus Caring Company Logo" for 2022/2023 from The Hong Kong Council of Social Services These accolades serve as a testament to Zurich's dedication to sustainable business practices and innovative product development, and inspire the company to continue pushing the boundaries of what's possible for the betterment of the planet, customers and people. [1 ] Statement based on comparison results as of May 15, 2023. About Zurich Zurich Insurance (Hong Kong) is part of the Zurich Insurance Group, with its presence in Hong Kong dating back to 1961. Since then, Zurich Insurance (Hong Kong) has been dedicated to serving the Hong Kong community with a full range of flexible investment, life insurance and general insurance solutions for individuals, as well as commercial and corporate customers — attending to their insurance, protection and investment needs. Zurich Insurance (Hong Kong) currently ranks fourth in the general insurance market[1] and ranks fifth in the ILAS market[2] in Hong Kong. Please visit www.zurich.com.hk for more information of Zurich Insurance (Hong Kong). [1] Annual statistics of the Insurance Authority on Hong Kong General Business from January to December 2022, based on gross premium. [2] Annual statistics of the Insurance Authority on Hong Kong long term insurance business from January to December 2022, based on the number of policies and premiums of in-force business of investment-linked life insurance. Zurich Insurance Group is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience. Reflecting its purpose to 'create a brighter future together', Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil. The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.
HONG KONG, July 5, 2023 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the Company's first onshore centralized photovoltaic project – the Animal Husbandry-solar Complementary Project in Hezuo City, Gannan Autonomous Prefecture is connected to the grid for power generation. The Project is located in Gannan Autonomous Prefecture, Gansu Province of China, where the altitude is as high as 3,000 meters. It covers an area of approximately 930,000 square meters, with a total installed capacity of 40 MW and supported by a 6 MW/12 MWh energy storage facility. Compared with coal-fired generators of the same capacity, the project can save more than 20,000 tons of standard coal each year. Built with tall racks and no fence, the project enables integration of green energy and husbandry by using the upper space for photovoltaic power generation and the meadow for grazing at the same time. The project will bring more income to local farmers and herdsmen, help to optimize local energy and industrial structures while effectively contributing to rural revitalization in the long run. Mr. Zhou Xinhuai, CEO and the President of the Company, said, "CNOOC Limited actively explores the development of new energy sector and new industries. The Animal Husbandry-solar Complementary Project levers local resources and advantages to practice the integration mode of 'new energy + rural special industries + N'. It facilitates the Company's pursuit of green and low-carbon transition, while also drives high-quality development of local industries." CNOOC Limited owns 100% equity interest in the Animal Husbandry-solar Complementary Project. Notes to Editors: More information about the Company is available at http://www.cnoocltd.com. This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, environmental responsibility and compliance requirements, the Company's price forecast, the exploration and development activities, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@cnooc.com.cn Mr. Bunny LeePorda Havas International Finance Communications GroupTel: +852 3150 6707 Fax: +852 3150 6728E-mail: cnooc.hk@pordahavas.com
Linklaters has signed up for DHL's GoGreen Plus service to reduce carbon emissions This partnership signifies both parties' clear commitment to combat climate change within its own value chain Sustainable aviation fuel cuts emissions by up to 80 percent compared to conventional jet fuel SINGAPORE - Media OutReach - 5 July 2023 - DHL Express, the world's leading international express service provider, has onboarded new customer, Linklaters, on its GoGreen Plus service to reduce carbon emissions for its time-definite international (TDI) shipments through the use of sustainable aviation fuel (SAF). A leading global law firm, Linklaters aims to reduce ('inset') the carbon emissions associated with their shipments across the Asia Pacific and United Arab Emirates (UAE) regions. DHL Express onboards Linklaters for GoGreen Plus service As a firm with a significant global footprint, Linklaters understands the importance of the changing climate and strong environmental management. In June 2021, Linklaters adopted firmwide carbon reduction targets to meet by April 2030 - approved by the Science-Based Targets Initiative (SBTi) - including to reduce emissions, and this move further demonstrates the firm's commitment to reducing Scope 3 emissions by 50%. Ken Lee, CEO DHL Express Asia Pacific, says: "Sustainability is increasingly becoming an important part of the business for most of our customers. Companies are now more committed than ever to reducing their environmental impact, thus it is important that we provide them with feasible solutions to do so. SAF is our key lever to improve carbon emissions, and we are proud to be the first global express courier to enable our customers to do." Launched this year, GoGreen Plus enables customers to reduce their Scope 3 emissions through insetting. This means that customers can effectively bring down carbon emissions that occur in their supply chain by choosing the amount of SAF they want to use for their shipments. SAF is currently the only scalable solution for the next years to come, given that it is the only option for long-range flights. SAF can also reduce lifecycle emissions of typical aviation fuel emissions by up to 70-80%. Robert Elliot, Partner and member of Science-Based Targets Steering Group at Linklaters, says: "Linklaters is proud to partner with DHL in this innovative and market-leading initiative. As a responsible business, we have a global commitment to reduce our environmental impact and associated greenhouse gas emissions – collaborating with the right partners in our value chain makes an important contribution as we strive to meet our Science-Based Targets by 2030. We wish the DHL team the very best as they raise awareness about GoGreen Plus and hope that more organizations support this initiative to build momentum behind it and collectively help to increase the pace of positive change." DHL Group is committed to achieving net-zero emissions by 2050 and is investing a total of EUR 7 billion in carbon emissions reduction initiatives. With approximately 90% of its carbon footprint derived from the air network, viable and sustainable air transport solutions are important for creating cleaner and greener logistics operations. This includes two of the largest ever deals with bp and Neste, who will supply DHL with more than 800 million liters of sustainable aviation fuel until 2026. This contributes to the interim target of using 30 percent SAF for all air transport by 2030. Equally, DHL Express has also partnered with Eviation, who will deliver up to 12 electric cargo planes from 2027 onwards. Hashtag: #DHLExpress #GoGreenPlus #SustainableAviationFuel #Linklatershttps://www.linkedin.com/company/dhlexpress/https://www.facebook.com/DHLexpress/The issuer is solely responsible for the content of this announcement.DHL – Excellence. Simply delivered.DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". DHL is part of DHL Group. The Group generated revenues of more than 94 billion euros in 2022. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
LONDON, July 5, 2023 /PRNewswire/ -- Previous forecasts that large-area LCD shipments will increase by 0.6% YoY in 2023 has now been recorded as negative growth with -3.2% YoY in the latest forecast owing to slower demands and panel makers' utilization management, according to Omdia's latest Large Area Display Market Tracker 1Q23. Large area TFT LCD unit shipment forecast (millions of units) Some panel makers plan to withdraw business while others are planning to shut down old fabs. Along with unit shipments decrease, large-area shipment area is expected to increase 1.7% YoY in 2023 as opposed to the previous forecast of 3% YoY. Panel makers expect size migration for TV and monitor displays will help to grow shipment area in 2023. "In previous forecasts, display makers aimed to increase IT displays shipments while decreasing LCD TVs in 2023. There is still uncertainty around IT LCD demand recovery as the display makers experience huge deficits for IT LCD business. Display makers expected LCD demand to recover once inventory issues were solved but this situation has not fully resolved for some top tier brands. Even though inventory is back on track, PC brands/OEMs are managing inventory levels lower than before," said Peter Su, Principal Analyst of Omdia. Panel makers set aggressive targets for notebook PC LCD shipments in the previous forecast with positive growth of 1.9% YoY in 2023. However, the latest forecast indicates a negative result of -8.1% YoY. In fact, notebook PC display demand is slower than other large-area display applications. Unlike notebook PC and monitor LCDs, tablet PC LCD shipments decrement has been eased into the latest forecast from -2.7% YoY to -1.4% YoY. Owing to global recession, cheaper tablet PCs may take some market share from notebook PC. Large area TFT LCD revenue has been forecasted to reach US$ 65.2billion in 2023, a decrease by 0.9% YoY due to slower demand and IT LCD price recovery. Only TV LCD is expected to increase by 13.6% YoY along with its price hike from mid 1Q23. It is forecast that BOE will have the largest share of large-area TFT LCD unit shipments at 33.5% in 2023, followed by Innolux at 13.5% and China Star at 11.5%. ABOUT OMDIA Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions. Fasiha Khan Fasiha.khan@informa.com Large area TFT LCD unit shipment forecast (millions of square meters)
All-in-one Allo app set to benefit from Tencent Cloud's safe, secure and high-quality services and technology HONG KONG, July 5, 2023 /PRNewswire/ -- Tencent Cloud, the cloud business of global tech company, Tencent, today announced its collaboration with Allo Bank, Indonesia's largest digital banking platform, to enhance digital banking in the country. Tencent Cloud Join Hands with Allo Bank to Energize Digital Banking in Indonesia Since 2021, Tencent Cloud has deployed two Internet Data Centres (IDC) in Indonesia, demonstrating its commitment to meeting the ever-growing business needs in Indonesia. Leveraging its local market knowledge and years of experience, Tencent Cloud offers solutions that cater specifically to Allo Bank's needs. Reliability, Security, Cost-Effectiveness To realize Allo Bank's mission of serving the underbanked population in Indonesia, including tech-savvy young adults, Tencent Cloud has helped to improve the Allo app with high-quality and secure services. These include TDSQL, a reliable and scalable database management system with computing and storage resources for the bank to manage large amounts of data efficiently and effectively. TDSQL's optimized thread pool scheduling algorithms enable it to deliver better heavy load performance, which is critical for handling Allo Bank's high volume of transactions. Furthermore, TDSQL's availability and data reliability rates of up to 99.99% and 99.99999%, respectively, can help ensure that Allo Bank's data is always available and secure. While TDSQL's compatibility with MySQL protocols enables Allo Bank to seamlessly integrate with its existing systems and applications, TDSQL's horizontal scaling capability allows businesses like Allo Bank to expand without downtime, making it a worry-free solution for growing companies. With TDSQL's high-performance computing and storage resources, Allo Bank can now process up to 100,000 daily transactions, fulfilling Indonesians' daily financial needs. By leveraging public cloud capabilities such as cloud hosting and CDN, TDSQL can also help Allo Bank reduce the cost of app download distribution, UAT & Dev Environment, while also providing app reinforcement and environment security protection solutions that can detect risks on the bank app side. Jimmy Chen, Vice President of Tencent Cloud International and Managing Director of South East Asia, said, "We are pleased to enhance digital banking in Indonesia with cutting-edge technology such as TDSQL. Leveraging our years of global experience and expertise, Tencent Cloud is confident in providing Allo Bank with tailored solutions and services that fulfill its specific needs. We look forward to more collaborations in the future, including partnerships for additional solutions and services like eKYC." Indra Utoyo, President Director and CEO, Allo Bank, said, "Thanks to our valuable collaboration with Tencent Cloud, Allo Bank has been given a large boost in achieving its goals of managing vast amounts of data, handling high-frequency transactions, ensuring online security, and managing risk control – with the aim of providing a revolutionary service to all digital banking users in Indonesia. We foresee an even more fruitful future with Tencent Cloud, as we set up plans to utilize more of their high-quality and highly reliable technology." The reliability of Tencent Cloud's technology enabled Allo Bank to scale its operations seamlessly and efficiently, contributing significantly to the bank's explosive business growth and acquisition of six million users since its launch. As a result, Allo Bank was able to become the most downloaded digital banking application in Indonesia. This achievement is a testament to the high quality and reliability of Tencent Cloud's technology and its ability to support global businesses in their endeavors. About Tencent Cloud Tencent Cloud, one of the world's leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation. About Allo Bank Allo Bank has grown to become a leading bank offering digital banking products and services in the Indonesian banking sector. Allo stands for All in One, which embodies the Bank's aspiration for its customers to Experience a Simple Life. Serving six million customers, Allo Bank offers a variety of innovative digital banking products and services including Allo Pay, Allo Pay+, Allo Prime, PayLater and Instant Cash. Allo Bank is a subsidiary of CT Corp, a leading integrated consumer-focused business group in Indonesia with diverse businesses in financial services, media, retail, lifestyle and entertainment.
Engaging Mentees in Job Shadowing at Peak Galleria and Community Services with a Social EnterpriseHONG KONG SAR - Media OutReach - 5 July 2023 - Hang Lung Properties (SEHK stock code: 00101) (the "Company" or "Hang Lung") has actively responded to the Strive and Rise Programme launched by the Hong Kong SAR Government as a supporting organization. Recently, Hang Lung arranged job shadowing activities for mentees during a visit to Peak Galleria, accompanied by Hang Lung Strive and Rise mentors, to gain an in-depth understanding of the daily operations of the mall business and Hang Lung's service philosophy of customer-centricity. Mentees of the Strive and Rise Programme and mentors from the Hang Lung As One Volunteer Team visit Peak Galleria to learn about the daily operations of the mall, providing mentees valuable insights into the world of work Highlights of the job shadowing session included hands-on experience of AI technology in the form of a cleaning robot; learning about the use of marketing and promotional activities to enhance customer experience; and going on a treasure hunt using the Hang Lung Malls app. The day concluded with a visit to Monopoly Dreams Hong Kong™, a Monopoly-themed attraction, and Go Museum, an immersive light and shadow art exhibition venue, both of which are located at Peak Galleria. Mentees of the Strive and Rise Programme partcipiate in a job shadowing activity to learn about the daily work of different departments The mentees found the activity beneficial and thanked Hang Lung for the arrangement. Celia Wong, a mentor from Hang Lung Properties' Development and Design Department, and Jessica Lam, a mentee, said the public seldom pays attention to the different positions of frontline staff in malls, and the job shadowing activity allowed them to understand the responsibilities of these positions. They were impressed by the variety of attentive services that Peak Galleria provides to customers – "The concierge does not only answer enquiries from visitors to the mall, but also provides information about touring the Peak to tourists and hikers, and wheelchairs, pet strollers, and rain gear to meet the needs of different customers. This enables us to gain insight into their 'customer-centered' service philosophy." Mentees of the Strive and Rise Programme and mentors from the Hang Lung As One Volunteer Team visit Joy Fusion, a social enterprise under the Hong Kong Sheng Kung Hui Welfare Council, to learn how social enterprises promote social inclusion and help people in recovery to learn new skills and find jobs Previously, mentees and mentors participated in a team-building activity at Joy Fusion, a social enterprise under the Hong Kong Sheng Kung Hui Welfare Council. With the opportunity to get to know each other better through games and informal interactions, participants also learned that in addition to providing training and employment opportunities to people in recovery, social enterprises such as Joy Fusion also aim to build self-confidence and promote social inclusion through their work with those in need. The Strive and Rise Programme aims to support underprivileged junior secondary school students through a tripartite partnership between the government, the business sector and the community, to help them broaden their horizons, reinforce their self-confidence and develop a positive outlook on life. This is in line with the Hang Lung We Do It Well philosophy that drives the company's community investment initiatives with an emphasis on nurturing local talent, fulfilling social responsibilities such as supporting the underprivileged, and promoting diversity and inclusion. As one of the supporting organizations of the Strive and Rise Programme, Hang Lung has invited 40 employees and their friends and relatives to serve as mentors who will participate in a one-year mentorship programme to share their life experiences with the mentees. Committed to empowering the diversified development of the young generation and cultivating their leadership, Hang Lung launched the "Hang Lung Future Women Leaders Program" in 2022, a nationwide community investment program that aims to unleash the potential and sharpen the competitive edge of young female university students. Since 2004, Hang Lung has also been the driving force behind the highly regarded biennial mathematics research competition for secondary school students in Hong Kong, the Hang Lung Mathematics Awards. Hashtag: #HangLungPropertiesThe issuer is solely responsible for the content of this announcement.About Hang Lung PropertiesHang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the "66" brand, the company's Mainland portfolio has established its leading position as the "Pulse of the City". Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities. At Hang Lung Properties – We Do It Well. For more information, please visit www.hanglung.com.
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