Latest news with #Net-Zero
Observer
13-07-2025
- Automotive
- Observer
Mwasalat electric bus free ride attracts 1,000 passengers
Mwasalat, Oman's national road transport provider, announced that over one thousand passengers have utilised the free electric bus service on Route 4. This service operated between Muscat and Muttrah, passing by Al Alam Palace on a trial basis over the past four days. Sunday marked the final free trial of the electric bus service, which began from Ruwi Mwasalat bus station at 6:25 pm. There were four services from Ruwi to Muttrah and back. Mwasalat introduced the first electric vehicle to support the national goal of achieving Net-Zero emissions by 2050 during the khareef 2024. The bus has a capacity of 28 passengers and is electronically adjusted to travel at speeds ranging from 70 to 130 kilometres per hour, making it suitable for city use. Mwasalat has taken executive steps to reduce the carbon footprint of its operations and turn sustainability plans into concrete actions on the ground. In comments to the Observer, a senior official from Mwasalat mentioned that there are plans to test more electric buses on different routes in the coming days.
India Gazette
09-07-2025
- Business
- India Gazette
EVs to drive lithium-ion battery demand growth by remarkable 48% CAGR through 2030: Report
New Delhi [India], July 9 (ANI): The lithium-ion battery (LiB) market in India is poised for rapid growth, driven by increasing demand from consumer electronics (CEs), electric vehicles (EVs), and stationary storage (SS) applications, according to a joint report by India Cellular and Electronics Association (ICEA) and Accenture. The demand for lithium-ion battery is expected to reach 115 GWh by 2030 with consumer electronics growth projected at 3 per cent, stationary storage at 14 per cent, and EVs at a remarkable 48 per cent CAGR between now and 2030. As per the report, this growth will also be supported by India's commitments to Net-Zero goals and favorable government policies on catalysing demand for low-carbon energy, cell manufacturing, and end-of-life (EoL) management of lithium-ion batteries. On the flip side, with rise in this demand, India also faces challenges such as a rising import bill and environmental impact due to disposal of end-of-life lithium-ion batteries. 'India currently lacks Li-ion cell pack manufacturing capabilities and mining infrastructure, making it heavily reliant on imports of LiBs consisting of critical battery-active materials such as Lithium, Cobalt, Nickel, and Manganese,' the ICEA report read. The projected cumulative demand for the period 2024 to 2030 for these critical active materials is estimated to reach more than 250kT, translating into an import exposure of more than USD 5 billion. To address these challenges, the government has introduced various policy interventions, such as the Critical Minerals Mission, trade duty exemptions on critical minerals, among others. Further, CPCB introduced the Battery Waste Management Rules (BWMR) in 2022, establishing a regulatory framework to foster recycling and retention of critical battery-active materials within India. Nearly 39 per cent of consumer electronics batteries that have reached their end-of-life do not get collected. At COP26 held in 2021, India committed to an ambitious five-part 'Panchamrit' pledge. They included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India as a whole also aims to reduce the emissions intensity of GDP by 45 per cent. Finally, India commits to net-zero emissions by 2070. (ANI)
Time of India
09-07-2025
- Business
- Time of India
EVs to drive lithium-ion battery demand growth by remarkable 48% CAGR through 2030
The lithium-ion battery (LiB) market in India is poised for rapid growth, driven by increasing demand from consumer electronics (CEs), electric vehicles (EVs), and stationary storage (SS) applications, according to a joint report by India Cellular and Electronics Association (ICEA) and Accenture. The demand for lithium-ion battery is expected to reach 115 GWh by 2030 with consumer electronics growth projected at 3 per cent, stationary storage at 14 per cent, and EVs at a remarkable 48 per cent CAGR between now and 2030. As per the report, this growth will also be supported by India's commitments to Net-Zero goals and favorable government policies on catalysing demand for low-carbon energy, cell manufacturing, and end-of-life (EoL) management of lithium-ion batteries. On the flip side, with rise in this demand, India also faces challenges such as a rising import bill and environmental impact due to disposal of end-of-life lithium-ion batteries. "India currently lacks Li-ion cell pack manufacturing capabilities and mining infrastructure, making it heavily reliant on imports of LiBs consisting of critical battery-active materials such as Lithium, Cobalt, Nickel, and Manganese," the ICEA report read. The projected cumulative demand for the period 2024 to 2030 for these critical active materials is estimated to reach more than 250kT, translating into an import exposure of more than USD 5 billion. To address these challenges, the government has introduced various policy interventions, such as the Critical Minerals Mission, trade duty exemptions on critical minerals, among others. Further, CPCB introduced the Battery Waste Management Rules (BWMR) in 2022, establishing a regulatory framework to foster recycling and retention of critical battery-active materials within India. Nearly 39 per cent of consumer electronics batteries that have reached their end-of-life do not get collected. At COP26 held in 2021, India committed to an ambitious five-part "Panchamrit" pledge. They included reaching 500 GW of non-fossil electricity capacity, generating half of all energy requirements from renewables, and reducing emissions by 1 billion tonnes by 2030. India as a whole also aims to reduce the emissions intensity of GDP by 45 per cent. Finally, India commits to net-zero emissions by 2070.
Yahoo
25-06-2025
- Business
- Yahoo
LOTTE rental earned the highest 'AAA' rating in the MSCI ESG evaluation for two consecutive years
Became one of the world's highest ESG leader groups The only company in the world's passenger ground transportation industry to receive the highest AAA rating for two consecutive years Highest rating in 'governance' area, which has the highest weight in MSCI ESG evaluation Among domestic listed companies, only 11 companies, including LOTTE rental, SHINHAN Financial Group and SK Corporation received AAA SEOUL, South Korea, June 25, 2025 /PRNewswire/ -- LOTTE rental ( received the highest AAA rating for two consecutive years in the 2025 ESG evaluation announced by Morgan Stanley Capital International(MSCI), a global investment information provider. LOTTE rental is the first and only company to receive a AAA rating in the global passenger ground transportation industry for two consecutive years, following last year. MSCI ESG Evaluation is a global appraisal that evaluates the sustainability of companies and provides useful information to investors. Every year, the ESG management status of about 8,500 listed companies around the world is evaluated and classified into 7 levels (AAA-AA-A-BBB-BB-B-CCC). It is one of the most authoritative global rating agencies recognized by investors around the world. LOTTE rental was listed on the stock market in August 2021 and has been receiving MSCI ESG evaluation since 2022. It received an AA rating, the highest level in the same industry, for two consecutive years in 2022 and 2023, and rose to the highest rating of AAA in last year's evaluation. In the 2025 MSCI ESG evaluation, AAA rating was given to only 13% of companies worldwide, a 2%p decrease from last year. Along with LOTTE rental, there are only 11 domestic listed companies that received an AAA rating, including SHINHAN Financial Group and SK Corporation. The MSCI report focused on carbon emissions when evaluating the Environment sector. LOTTE rental is implementing carbon neutrality (Net-Zero) roadmap that reduces net greenhouse gas emissions to zero. The roadmap was developed with 2018 as the base year, and the goal is to reduce net emissions by 35% by 2030 compared to 2018. Starting in 2022, the company has been measuring and reporting its Scope 3 greenhouse gas emissions every year. The sector with the largest increase in scores compared to the previous year is the Social sector. It received high scores for its top-level labor management and safety management within the same industry. It operates a safety management office, a safety-dedicated organization directly under the CEO, and continuously conducts safety inspections on all workplaces nationwide. Last year, 437 risk factors were improved through 125 on-site inspections. The governance sector, which has the highest evaluation weight, has improved its score in all items. MSCI stated in the report that "it reflects a relatively low level of governance risk in most areas," and "in particular, the ownership and control items and accounting items are evaluated as the best in class in the domestic market." In order to ensure transparent and balanced board decision-making, a senior outside director system was introduced, and as part of the shareholder return policy, a dividend procedure that meets international standards was established. This maintenance of the MSCI AAA rating is expected to have a positive impact on credit rating evaluations. This is because not only domestic institutional investors, but also domestic and foreign credit rating agencies and overseas institutional investors are significantly reflecting ESG ratings, especially governance factors, in corporate credit evaluations and are also considering them as important evaluation factors when investing in bonds and stocks. Choi Jin-hwan, CEO of LOTTE rental, stated, "We will continue to lead the industry's ESG management across the environment, society, and governance, and in particular, continue efforts to enhance shareholder value under a transparent and sound governance structure." ### About LOTTE rental LOTTE rental, the only comprehensive rental company in Korea, provides better value with various business portfolios, including auto mobility services that encompass car life, business solution services that support more efficient businesses. LOTTE rent-a-car is creating an innovative car life as the No.1 car rental brand. LOTTE rent-a-car G car, Korea's –first car-sharing brand, is drawing a better mobility service. LOTTE rental is moving forward as a mobility leader that connects customers' precious lives. For more information about LOTTE rental, please visit: View original content to download multimedia: SOURCE lotte rent-a-car Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
TPIsoftware Drives Vietnam's Industry 4.0 by Accelerating Nam Cau Kien Industrial Park Green Transformation with Newly-Launched ESG Platform 'Shinec Digital Green Economy'
TAIPEI, June 12, 2025 /PRNewswire/ -- Today, Shinec Joint Stock Company, the developer of Nam Cau Kien Industrial Park (IP), officially launched its ESG application platform, "Shinec Digital Green Economy," marking a significant milestone on its journey toward sustainable development. This event not only represents a major step in the comprehensive digitalization of the IP's operational management but also affirms Nam Cau Kien's pioneering role in creating an eco-industrial park, advancing towards Net-Zero targets, and unlocking the potential for carbon credit generation. TPIsoftware supports the park sustainability initiative with the "Shinec Digital Green Economy" platform, a comprehensive solution powered by the company's GreenSwift (smart carbon management platform) and ElectriSwift (smart energy management system), with GGI Technology serving as the ESG consultant. The platform functions as an intelligent IP management system focused on digitalizing environmental management, emissions control, and security. Through this platform, the solution provides a holistic management system, from real-time carbon emissions data collection and analysis of emission and energy consumption hotspots to recommending and monitoring improvement strategies. The superiority of "Shinec Digital Green Economy" is demonstrated through its diverse integrated features: Greenhouse Gas (GHG) Emissions Management (powered by GreenSwift): Streamlines carbon data collection, analysis and reporting, ensuring auditing and inventory efficiency through an integrated platform, aligning the inventory process with international standards such as ISO 14064-1. Smart Energy Management (powered by ElectriSwift): Monitors and detects energy inefficiencies based on acquired power usage patterns, providing insights into energy consumption with real-time alerting for optimized energy-saving strategies. Wastewater Monitoring and Treatment: Tracks water quality indicators (pH, TSS, COD, BOD, Ammonia) before and after treatment and calculates the corresponding GHG emissions. Intelligent Security Monitoring: Integrates AIoT into the camera system to issue instant security alerts for events such as crowd detection, fence climbing, accidents, and fires. Visual Reporting: Provides an intuitive dashboard on both mobile and web platforms, allowing management to access reports anytime, anywhere, facilitating timely and effective decision-making. In the face of intense pressure from global climate change, Carbon Management Systems (CMS) are emerging as a new global trend, aligning with international accords such as the Paris Agreement (2015), Net Zero 2050, and COP26/COP28. These frameworks compel businesses to reduce carbon emissions. Regulations like the EU's Carbon Border Adjustment Mechanism (CBAM) impose carbon tariffs on imported goods, forcing exporting enterprises to measure and manage their carbon footprint. Globally, CMS is becoming mandatory for listed companies (under IFRS S2, CSRD), while carbon pricing (taxes, ETS) is being strengthened in developing nations. Japan and South Korea are leading with carbon pricing policies (carbon tax, ETS), with corporations like Toyota and Samsung already implementing CMS to achieve their Net Zero 2050 goals. Indonesia and Malaysia are focusing on CMS in the oil and gas and agricultural sectors. The Indian government has promoted its Carbon Credit Trading Scheme (CCTS) since 2023. China is at the forefront of implementing robust policies to support its businesses in transitioning towards carbon neutrality by 2060 and is a pioneer in IP carbon management, investing in carbon offset projects across ASEAN and Africa. Vietnam is committed to achieving net zero by 2050 and will pilot a carbon credit exchange, including mechanisms for trading and offsetting credits, while preparing to officially launch a carbon credit trading floor connected to regional and international markets by 2028. CMS adoption in Vietnam is expected to grow, driven by FDI and export requirements. The government will support SMEs through tax incentives and training. Vietnamese businesses are encouraged to invest in CMS early to mitigate carbon tax risks and enhance global competitiveness. Investing in this green and digital solution not only helps Nam Cau Kien IP optimize operations and reduce costs through efficient energy and resource use but is also a strategic move to enhance its brand reputation through environmental responsibility. This positions the IP to achieve ISO certifications for energy management (ISO 50001) and carbon neutrality (ISO 14068). Furthermore, the next phase of the project is expected to digitize green spaces—which account for 31% of the entire IP, including trees, shrubs, lawns, and water features—and renewable energy sources. This will create a solid foundation for calculating carbon sequestration and tapping into the future carbon credit market for the developer. Nam Cau Kien Industrial Park, under Shinec's strategic investment, marks the group's commitment to creating an eco-industrial park model toward achieving carbon neutrality. The collective efforts of Shinec's pioneering vision, GGI Technology's expert consultancy, and TPIsoftware's strengths in implementing impactful sustainability initiatives are poised for broader deployment across Shinec's eco-industrial parks and other industrial parks in Vietnam. The launch of "Shinec Digital Green Economy" not only elevates the stature of Shinec and Nam Cau Kien IP within the Vietnamese and regional industrial park landscape but also builds significant credibility for its implementation partners, GGI Technology and TPIsoftware. It affirms their capacity to consult on and deliver advanced green technology solutions, contributing significantly to Vietnam's national sustainable development goals. View original content to download multimedia: SOURCE TPIsoftware Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
