logo
GLOBAL CEOS TO CONVENE IN BEIJING FOR LANDMARK FORUM ON SUSTAINABLE TRANSITION

GLOBAL CEOS TO CONVENE IN BEIJING FOR LANDMARK FORUM ON SUSTAINABLE TRANSITION

Cision Canada5 days ago
The inaugural Sustainable Markets Initiative China Forum will bring together CEOs, innovators and senior government officials for a dialogue on global efforts to drive sustainable transition and showcase advances in innovation, investment and action in China
LONDON and BEIJING, July 15, 2025 /CNW/ -- A groundbreaking international forum aimed at accelerating the global transition to sustainability will take place in Beijing from July 15 to 17, drawing CEOs from the world's leading companies alongside top Chinese CEOs and senior Government Leaders. It will mark the first time global and Chinese CEOs have gathered in China under the SMI banner, to directly collaborate in driving solutions and accelerating action to support the global transition.
The Sustainable Markets Initiative China Forum, the first of its kind to be held in China, will be hosted jointly by the Sustainable Markets Initiative (SMI) and the China Chamber of International Commerce (CCOIC). Recognizing China's crucial role in the global economy, its growing climate and biodiversity leadership, and the interconnected reality of global supply chains, the SMI China Forum offers a unique CEO-level convening for dialogue and action on sustainable innovation and global cooperation.
The Forum coincides with the 3rd China International Supply Chain Expo (CISCE), highlighting China's global leadership in clean energy. As President Xi Jinping noted in an address on climate in April 2025, China has built the world's largest and fastest-growing renewable energy system as well as the largest and most complete new energy industrial chain. It remains the world's largest producer of solar, wind, and hydropower, and is the top investor in clean technologies—surpassing the combined investments of the next ten countries.
The Sustainable Markets Initiative was launched in 2020 by His Majesty King Charles III - then the Prince of Wales. It is now the world's go-to private sector organization for sustainable transition, by facilitating action between world leaders and CEOs to position sustainability at the heart of value creation. In so doing, the SMI seeks to mobilize the trillions of dollars required to achieve a sustainable future and a new era of global prosperity that will last for generations to come.
In October 2021, President Xi Jinping invited His Majesty King Charles III, as Prince of Wales, to address virtually the COP 15 UN Biodiversity Conference in Kunming and to establish the SMI China Council. In August 2022, the China Chamber of International Commerce (CCOIC) became the official host of the Sustainable Markets Initiative's China Council at an inauguration ceremony in which His Majesty as Prince of Wales also participated virtually.
Through the SMI China Council, the SMI has deepened its relationships across industries through win-win partnerships The SMI China Council currently has workstreams covering Health, Energy, Carbon Capture and Storage, Water & Sustainable Finance.
Roundtable discussions during the forthcoming Forum will tackle pressing topics including sustainable supply chains, emissions reduction, electrification, artificial intelligence, and the future of aerospace and space exploration.
Commenting on the inaugural SMI China Forum Jennifer Jordan-Saifi, M.V.O., CEO of the Sustainable Markets Initiative, said: "The inaugural SMI China Forum creates a new bridge between Chinese and international business leaders. Win-win cooperation across borders, industries, supply chains and finance will help accelerate the world's achievement of a sustainable future while seizing transition as the growth story of our time.
Since the establishment of the SMI's China Council four years ago, we have witnessed first-hand the innovative approaches being adopted by business leaders across China. Today, China leads the world in solar, wind and EV capacity and is proving the economic case while demonstrating the speed at which transition results can be achieved."
Speaking at the COP 15 UN Biodiversity Conference in Kunming, His Majesty, as Prince of Wales, previously said, "Chinese culture has long understood, our interrelationship with Nature is critical for our own health and that of everything around us. When we protect lands and Ocean, we in fact protect ourselves."
In his 23 April 2025 speech on climate, President Xi Jinping said " Clear waters and green mountains are just as valuable as gold and silver. Green transformation is not only the essential way to address climate change, but also a new engine for economic and social development. "" [1]
Notes to editors
About the Sustainable Markets Initiative
The Sustainable Markets Initiative (SMI) is the world's go-to private sector organization for sustainable transition; characterized by our unique brand of 'private sector diplomacy'.
With the vision of our founder, His Majesty King Charles III, and our unique convening power, the SMI facilitates action between world leaders and CEOs to position sustainability at the heart of global value creation.
Together, we seek to mobilize the trillions of dollars required to achieve a sustainable future. Investment at this scale requires global systems-level change with a default sustainable orientation across markets, industries and supply chains. Here, our mandates, the Terra Carta and Astra Carta, provide practical private sector trajectories.
The SMI believes that with bold ambition and courageous leadership, we can seize a new era of global prosperity that will last for generations to come. We call this 'The Growth Story of Our Time'. Read more: www.sustainable-markets.org
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Less selection, higher prices: How tariffs are shaping the holiday shopping season
Less selection, higher prices: How tariffs are shaping the holiday shopping season

Winnipeg Free Press

time4 hours ago

  • Winnipeg Free Press

Less selection, higher prices: How tariffs are shaping the holiday shopping season

NEW YORK (AP) — With summer in full swing in the United States, retail executives are sweating a different season. It's less than 22 weeks before Christmas, a time when businesses that make and sell consumer goods usually nail down their holiday orders and prices. But President Donald Trump's vacillating trade policies have complicated those end-of-year plans. Balsam Hill, which sells artificial trees and other decorations online, expects to publish fewer and thinner holiday catalogs because the featured products keep changing with the tariff rates the president sets, postpones and revises. 'The uncertainty has led us to spend all our time trying to rejigger what we're ordering, where we're bringing it in, when it's going to get here,' Mac Harman, CEO of Balsam Hill parent company Balsam Brands, said. 'We don't know which items we're going to have to put in the catalog or not.' Months of confusion over which foreign countries' goods may become more expensive to import has left a question mark over the holiday shopping season. U.S. retailers often begin planning for the winter holidays in January and typically finalize the bulk of their orders by the end of June. The seesawing tariffs already have factored into their calculations. The consequences for consumers? Stores may not have the specific gift items customers want come November and December. Some retail suppliers and buyers scaled back their holiday lines rather than risking a hefty tax bill or expensive imports going unsold. Businesses still are setting prices but say shoppers can expect many things to cost more, though by how much depends partly on whether Trump's latest round of 'reciprocal' tariffs kicks in next month. The lack of clarity has been especially disruptive for the U.S. toy industry, which sources nearly 80% of its products from China. American toy makers usually ramp up production in April, a process delayed until late May this year after the president put a 145% tariff on Chinese goods, according to Greg Ahearn, president and CEO of the Toy Association, an industry trade group. The U.S. tariff rate may have dropped significantly from its spring high — a truce in the U.S.-China trade war is set to expire on Aug. 12 — but continues to shape the forthcoming holiday period. Manufacturing activity is way down from a year ago for small- and medium-sized U.S. toy companies, Ahearn said. The late start to factory work in China means holiday toys are only now arriving at U.S. warehouses, industry experts said. A big unknown is whether tariffs will keep stores from replenishing supplies of any breakout hit toys that emerge in September, said James Zahn, editor-in-chief of the trade publication Toy Book. In the retail world, planning for Christmas in July usually involves mapping out seasonal marketing and promotion strategies. Dean Smith, who co-owns independent toy stores JaZams in Princeton, New Jersey, and Lahaska, Pennsylvania, said he recently spent an hour and a half running through pricing scenarios with a Canadian distributor because the wholesale cost of some products increased by 20%. Increasing his own prices that much might turn off customers, Smith said, so he explored ways to 'maintain a reasonable margin without raising prices beyond what consumers would accept.' He ordered a lower cost Crazy Forts building set so he would have the toy on hand and left out the kids' edition of the Anomia card game because he didn't think customers would pay what he would have to charge. 'In the end, I had to eliminate half of the products that I normally buy,' Smith said. Hilary Key, owner of The Toy Chest in Nashville, Indiana, said she tries to get new games and toys in early most years to see which ones she should stock up on for the winter holidays. This year, she abandoned her product testing for fear any delayed orders would incur high import taxes. Meanwhile, vendors of toys made in China and elsewhere bombarded Key with price increase notices. For example, Schylling, which makes Needoh, Care Bear collectibles and modern versions of nostalgic toys like My Little Pony, increased prices on orders by 20%, according to Key. All the price hikes are subject to change if the tariff situation changes again. Key worries her store won't have as compelling a product assortment as she prides herself on carrying. 'My concern is not that I'll have nothing, because I can bring in more books. I can bring in more gifts, or I can bring in just things that are manufactured in other places,' she said. 'But that doesn't mean I'm going to have the best stock for every developmental age, for every special need.' The retail industry may have to keep taking a whack-a-mole approach to navigating the White House's latest tariff ultimatums and temporary reprieves. Last week, the president again reset the rates on imports from Brazil, the European Union, Mexico, and other major trading partners but said they would not take effect until Aug. 1. The brief pause should extend the window importers have to bring in seasonal merchandise at the current baseline tariff of 10%. The Port of Los Angeles had the busiest June in its 117-year history after companies raced to secure holiday shipments, and July imports look strong so far, according to Gene Seroka, the port's executive director. 'In my view, we're seeing a peak season push right now to bring in goods ahead of potentially higher tariffs later this summer,' Seroka said Monday. The pace of port activity so far this year reflects a 'tariff whipsaw effect' — imports slowing when tariffs kick in and rebounding when they're paused, he said. 'For us consumers, lower inventory levels, fewer selections and higher prices are likely as we head into the holidays.' Smith, who co-owns the two JaZams stores with his partner, Joanne Farrugia, said they started placing holiday orders two months earlier than usual for 'certain items that we felt were essential for us to have at particular pricing.' They doubled their warehouse space to store the stockpile. But some shoppers are trying to get ahead of higher prices just like businesses are, he said. He's noticed customers snapping up items that will likely be popular during the holidays, like Jellycat plush toys and large stuffed unicorns and dogs. Any sales are welcome, but Smith and Farrugia are wary of having to restock at a higher cost. 'We're just trying to be as friendly as we can to the consumer and still have a product portfolio or profile that is gonna meet the needs of all of our various customers, which is getting more and more challenging by the day,' Smith said. Balsam Brands' Harman said he's had to resign himself to not having as robust a selection of ornaments and frosted trees to sell as in years' past. Soon, it will be too late to import meaningful additions to his range of products. 'Our purpose as a company is to create joy together, and we're going to do our very best to do that this year,' Harman said. 'We're just not going to have a bunch of the items that consumers want this year, and that's not a position we want to be in.'

Researchers: Hackers with China ties hit Taiwan chip supply
Researchers: Hackers with China ties hit Taiwan chip supply

Canada News.Net

timea day ago

  • Canada News.Net

Researchers: Hackers with China ties hit Taiwan chip supply

SUNNYVALE, California: Cyber espionage groups aligned with China have ramped up targeted attacks on Taiwan's semiconductor sector and industry analysts, according to new research released by cybersecurity firm Proofpoint. The analysis outlines an uptick in hacking campaigns between March and June, with activity from at least three China-linked groups, some of which remains ongoing. The intrusions are part of a broader effort to gather intelligence on Taiwan's chip industry as tensions rise over U.S. export controls and China's efforts to develop domestic semiconductor alternatives. "We've seen entities that we hadn't ever seen being targeted in the past being targeted," said Mark Kelly, a threat researcher at Proofpoint, based out of Sunnyvale, California. The campaigns have focused on 15 to 20 organizations, including small companies, global enterprises, and investment analysts, some working at a central U.S.-headquartered bank. The researchers declined to name the specific targets or confirm whether any attempts were successful. Hackers used varied techniques. In one case, attackers used compromised Taiwanese university email accounts to pose as job seekers, sending malicious PDFs or password-protected files to employees at semiconductor design and manufacturing firms. Another group posed as a fake investment firm targeting analysts focused on Taiwan's chip market. Proofpoint did not specify the companies affected, but Taiwan is home to major chipmakers including TSMC, MediaTek, UMC, Nanya, and RealTek. Most firms declined to comment or did not respond. A spokesperson for the Chinese embassy in Washington said China opposes all forms of cybercrime and is also a victim of such threats. Taiwanese cybersecurity firm TeamT5 confirmed an increase in email-based attacks but noted they weren't yet widespread. It emphasized that semiconductors have long been a "constant interest" for advanced China-linked hacking groups. TeamT5 also cited a June case where a group called Amoeba targeted a chemical company tied to the semiconductor supply chain, highlighting hackers' interest in peripheral industries as well.

What to Do About Disruptive Foreigners? It's Time to Talk
What to Do About Disruptive Foreigners? It's Time to Talk

Japan Forward

timea day ago

  • Japan Forward

What to Do About Disruptive Foreigners? It's Time to Talk

Issues involving foreigners have become a point of contention in the Upper House election. This is the first time in memory that this issue has been so visible in a national election. The number of foreign residents in Japan as of the end of 2024 reached a record high of approximately 3.76 million. Separately, more than 36 million foreign tourists visited Japan that same year. Unlike in the past, Japanese find themselves regularly interacting with foreigners. Certainly, the majority of foreign residents abide by Japanese laws and customs and conduct themselves appropriately. However, violation of Japanese rules and customs by some foreigners engaging in criminal activity and nuisance behavior has become more noticeable. Those offenses disrupt daily life in a country where public safety has long been considered a treasure. We must take the necessary steps to preserve the benefits that sense of safety has bestowed on society. Land values have surged in the area around Kaminarimon Street in Asakusa, Tokyo. June 27. (©Sankei by Rei Yamamoto) There are also cases where legal activities undertaken by foreigners negatively impacted the daily lives of Japanese citizens. For example, the apartment prices, especially in Metropolitan Tokyo, are reaching levels beyond those experienced at the height of the Bubble Economy. They are increasingly out of reach of Japanese buyers. One factor cited for the trend is Chinese individuals and capital investors acquiring Japanese real estate. Other observers have pointed out that some Chinese travel to Japan to take advantage of the high quality medical care system. Under the Japanese system, even for foreigners, patients pay significantly reduced out-of-pocket medical expenses. Chief Cabinet Secretary Yoshimasa Hayashi recently addressed the issue in a press conference. "Conditions have arisen which create feelings of anxiety and unfairness among the Japanese people," he acknowledged. Then, on July 15, the Prime Minister's Secretariat launched a new office to promote "orderly coexistence" between Japanese nationals and foreigners in Japan. Japan is the homeland of the Japanese people. Based on that premise, the government and society should strive to make it possible for Japanese and foreigners to live together peacefully. Respect for established law and customs should go without saying. But if a law is found wanting, there should also be no hesitation to change it. Vietnamese women working as caregiver candidates at a special nursing home for the elderly in Yokohama. (©Sankei by Mie Oh) Currently, the international environment is tense and difficult, making security measures also imperative. Certainly, opaque acquisition or foreign capital ownership should not be allowed for land surrounding sensitive facilities. That includes essential infrastructure sites and Self-Defense Force bases. There are also two points to keep in mind. First, there is no reason for hatred or fear of foreigners. Such misplaced emotions should absolutely be avoided. Not all foreigners are disrespectful and this is not the late Edo period with its violent xenophobia and "expel the barbarians" anti-foreigner movement. Second, we must embrace freedom of speech and allow democracy to work. That means allowing ー not stifling ー healthy debate when issues related to foreigners are raised. It also means avoiding labels such as "xenophobic" or "hateful," even in the face of glaring problems. Friction has been growing between local Japanese citizens and Kurds residing in Kawaguchi City, Saitama Prefecture. One lesson to be learned from this festering problem is that Japan must not follow in the footsteps of Western countries, where social unrest has been fueled by large influxes of refugees and immigrants. The Japanese people deserve an open discussion of appropriate measures to deal with problems involving foreigners. Then, action to improve the situation must proceed calmly and steadily. Author: Editorial Board, The Sankei Shimbun

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store