Latest news with #PGlobalCorporateSustainabilityAssessment
Yahoo
28-05-2025
- Business
- Yahoo
LONGi selected on the 2025 FORTUNE China ESG Impact List
XIAN, China, May 28, 2025 /CNW/ -- On May 16, the FORTUNE China officially unveiled its ESG Impact list, with LONGi securing its place on the ranking once again for its outstanding practices in environmental, social, and governance (ESG) domains. This marks the third time that LONGi has been honored since the list's inception, further solidifying its global influence in sustainable development practices within the photovoltaic industry. In 2024, LONGi deepened its ESG practices and achieved multiple sustainability goals ahead of schedule, reflecting its relentless efforts to realize its vision of "affordable for all." In ESG ratings, the company saw its MSCI ESG rating upgraded to BBB in 2024, earning the highest key issue scores among global semiconductor companies listed on A+H shares and topping the photovoltaic sector. LONGi also became the first in its industry to receive the "Industry Top Movers" distinction from S&P Global Corporate Sustainability Assessment (CSA) and was included in the S&P Global Sustainability Yearbook (China Edition) 2025. Additional accolades—such as the EcoVadis Gold Medal (top 5% globally), CDP Water Security A- leadership rating, and a leading FTSE Russell ESG score of 3.8—underscore its benchmark status and industry leadership in ESG governance. As a clean energy innovator, LONGi places environmental responsibility at the core of its mission. In 2024, the company achieved significant progress in decarbonization and resource efficiency: its annual green electricity usage ratio rose to 47.5%, equivalent to reducing carbon emissions by approximately 2.5467 million metric tons. Its Jiaxing production base became the photovoltaic industry's first "Lighthouse + Zero-Carbon" factory. In green supply chain development, as the first in the industry to obtain ISO 20400 sustainable procurement certification, LONGi conducted ESG due diligence for 123 new suppliers and 136 qualified suppliers in 2024, performed on-site audits for 48 critical suppliers, and facilitated 23 suppliers in obtaining certifications or improving disclosures. To advance energy equity, LONGi partnered with the UN Refugee Agency (UNHCR) in 2023 to launch a three-year global collaboration (2024–2026) focused on green transformation in humanitarian supply chains through renewable energy solutions. In November 2024, LONGi completed its first milestone project under this partnership: a 700-kilowatt solar photovoltaic power station at the Termez Humanitarian Logistics Center in Uzbekistan. The facility is expected to generate approximately 989,933 kilowatt-hours of electricity annually while reducing carbon emissions by 495 metric tons per year. This project represents a critical step in providing sustainable energy for emergency logistics and storage, setting a green transition model for global humanitarian operations and demonstrating renewable energy's potential in crisis-response infrastructure. As a responsible company, LONGi is driven by its mission to 'making the best of solar energy to build a green world', striving to be a pioneer, practitioner, and leader in sustainable development within the clean energy sector. Looking ahead, LONGi will continue to advance its ESG practices, leveraging technological innovation and global expansion to accelerate the energy transition and contribute to building a zero-carbon future for our planet. About LONGi Founded in 2000, LONGi is committed to being the world's leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation. Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. View original content to download multimedia: SOURCE LONGi View original content to download multimedia: 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
Cision Canada
28-05-2025
- Business
- Cision Canada
LONGi selected on the 2025 FORTUNE China ESG Impact List
XIAN, China, May 28, 2025 /CNW/ -- On May 16, the FORTUNE China officially unveiled its ESG Impact list, with LONGi securing its place on the ranking once again for its outstanding practices in environmental, social, and governance (ESG) domains. This marks the third time that LONGi has been honored since the list's inception, further solidifying its global influence in sustainable development practices within the photovoltaic industry. In 2024, LONGi deepened its ESG practices and achieved multiple sustainability goals ahead of schedule, reflecting its relentless efforts to realize its vision of "affordable for all." In ESG ratings, the company saw its MSCI ESG rating upgraded to BBB in 2024, earning the highest key issue scores among global semiconductor companies listed on A+H shares and topping the photovoltaic sector. LONGi also became the first in its industry to receive the "Industry Top Movers" distinction from S&P Global Corporate Sustainability Assessment (CSA) and was included in the S&P Global Sustainability Yearbook (China Edition) 2025. Additional accolades—such as the EcoVadis Gold Medal (top 5% globally), CDP Water Security A- leadership rating, and a leading FTSE Russell ESG score of 3.8—underscore its benchmark status and industry leadership in ESG governance. As a clean energy innovator, LONGi places environmental responsibility at the core of its mission. In 2024, the company achieved significant progress in decarbonization and resource efficiency: its annual green electricity usage ratio rose to 47.5%, equivalent to reducing carbon emissions by approximately 2.5467 million metric tons. Its Jiaxing production base became the photovoltaic industry's first "Lighthouse + Zero-Carbon" factory. In green supply chain development, as the first in the industry to obtain ISO 20400 sustainable procurement certification, LONGi conducted ESG due diligence for 123 new suppliers and 136 qualified suppliers in 2024, performed on-site audits for 48 critical suppliers, and facilitated 23 suppliers in obtaining certifications or improving disclosures. To advance energy equity, LONGi partnered with the UN Refugee Agency (UNHCR) in 2023 to launch a three-year global collaboration (2024–2026) focused on green transformation in humanitarian supply chains through renewable energy solutions. In November 2024, LONGi completed its first milestone project under this partnership: a 700-kilowatt solar photovoltaic power station at the Termez Humanitarian Logistics Center in Uzbekistan. The facility is expected to generate approximately 989,933 kilowatt-hours of electricity annually while reducing carbon emissions by 495 metric tons per year. This project represents a critical step in providing sustainable energy for emergency logistics and storage, setting a green transition model for global humanitarian operations and demonstrating renewable energy's potential in crisis-response infrastructure. As a responsible company, LONGi is driven by its mission to 'making the best of solar energy to build a green world', striving to be a pioneer, practitioner, and leader in sustainable development within the clean energy sector. Looking ahead, LONGi will continue to advance its ESG practices, leveraging technological innovation and global expansion to accelerate the energy transition and contribute to building a zero-carbon future for our planet. Founded in 2000, LONGi is committed to being the world's leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation. Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development.
Associated Press
07-04-2025
- Business
- Associated Press
DFI Launches 2024 Sustainability Report
Emphasising Commitment to People, Products and Planet HONG KONG SAR - Media OutReach Newswire - 7 April 2025 - DFI Retail Group (DFI or the Group) is pleased to announce the release of its 2024 Sustainability Report, outlining the Group's ongoing commitment and progress in sustainability across Asia. In 2024, DFI demonstrated strong ESG performance. It was ranked in the 84th percentile in the Food and Staples Retailing industry in the S&P Global Corporate Sustainability Assessment*. Key achievements include a 14.2% reduction in Scope 1 and 2 greenhouse gas emissions compared to the 2021 baseline, with a target of 50% reduction by 2030. The waste diversion rate improved to 61%, up from 56% of the previous year. DFI also made community investments totalling US$2.76 million, enhancing social impact through various initiatives across markets. Additionally, DFI achieved 57% packaging recyclability of Own Brand products with plastic packaging, progressing the Group on track towards the target of 100% by 2030. Scott Price, Group Chief Executive, DFI Retail Group shared, 'At DFI, our purpose is to sustainably serve our millions of customers in Asia for generations with everyday moments. This shared purpose inspires us to meet the daily needs of our customers while creating lasting, sustainable value for all stakeholders. As Asia's leading retailer, we take this responsibility seriously by providing essentials that support livelihoods, health, well-being, and ecosystems across all our markets.' Erica Chan, Group Chief Legal, Governance and Corporate Affairs Officer shared, 'I am proud of the consistent progress DFI has made in laying the foundation for our refreshed Sustainability Framework. I am also deeply encouraged by the collective efforts of our teams, partners, and communities, and am confident that we will continue to make great strides in our sustainability journey in the years ahead.' This year's report introduces a refined Sustainability Framework centred around three key pillars: People, Products and Planet, with Governance as the cornerstone, ensuring robust leadership and oversight. The People-focused priorities underscore DFI's commitment to its customers, team members, communities, and the labour in its supply chains. By prioritising employee development, health, and safety, DFI aims to empower its team members and address the diverse needs of customers. Initiatives include enhancing training programmes, promoting gender equality, and fostering community engagement through various giveback projects. Across the business, the Products pillar focuses on providing sustainable product choices that resonate with consumer demand. DFI is dedicated to increasing the availability of Own Brand products with sustainability certifications, ensuring that customers can easily access sustainable goods and solutions without compromising affordability, while also safeguarding product quality and safety. This commitment extends to advancing sustainable packaging practices and promoting responsible sourcing across its supply chains. The Planet strategies recognise the urgent need to address environmental challenges and are dedicated to reducing DFI's overall carbon footprint, minimising waste and advancing circular economies through upcycling. The Group remains on track to achieve a 50% reduction in Scope 1 and 2 emissions by 2030. Additionally, the company is addressing Scope 3 emissions by collaborating with suppliers and industry partners on decarbonisation strategies and engaging consumers to embrace sustainable consumption. As part of DFI's efforts to advance its goals across these pillars, it progressed several impactful initiatives during 2024, including: People: Mannings Hong Kong launched a safe disposal service for unused medicines, becoming the first community pharmacy chain in the city to do so. The programme expanded in 2024 to double the scale. Since its inception in 2023, it has handled around 8 million unwanted pills and received multiple industry awards for its contribution to public health. Additionally, IKEA Indonesia introduced the IKEA Social Entrepreneur Accelerator (I-SEA), partnering with local organisations to support marginalised communities. This initiative has supported over 220 local communities and impacted thousands of smallholder farmers and businesses through capacity building and mentorship. Products: DFI has increased the percentage of its Own Brand products with sustainability certifications from 24% to 28%. Additionally, as part of the Group's commitment to responsible sourcing, 7CAFÉ has adopted 100% Rainforest Alliance-certified Arabica coffee beans across its stores in Hong Kong, Macau, and Singapore. Planet: DFI led a successful Low-Carbon Rice pilot in Thailand, addressing the 6% of the Group's Scope 3 emissions attributed to rice. With 85% of the world's rice produced in Asia, DFI worked with local partners to train 30 local farmers in sustainable farming techniques, including Alternate Wetting and Drying (AWD). The pilot produced 110,000kg of certified low-carbon rice, achieving at least 30% reduction in greenhouse gas emissions on approved participating rice fields. In 2025, DFI plans to launch 200,000 kg of low-carbon rice under its Own Brand Yu Pin King in Hong Kong, helping promote sustainable agriculture across its supply chains. Together, these pillars reflect DFI's comprehensive approach to advancing sustainability priorities. By integrating these principles into its core business strategies, DFI is not only addressing immediate sustainability challenges but also paving the way for a more resilient future for its customers, communities and the planet. For detailed information on the various sustainability initiatives undertaken by DFI, please refer to the Sustainability Report 2024. To learn more about DFI's efforts, please visit DFI's website. *Ranking as of 8 January 2025 The issuer is solely responsible for the content of this announcement. DFI Retail Group DFI Retail Group (the 'Group') is a leading Asian retailer, driven by its purpose to 'Sustainably Serve Asia for Generations with Everyday Moments'. As at 31 Dec 2024, the Group, its associates and joint ventures operated over 10,700 outlets, and employed over 190,000 people. The Group is dedicated to delivering quality, value and service to Asian consumers through a compelling retail experience, supported by an extensive store network and highly efficient supply chains. The Group, including associates and joint ventures, operates a portfolio of well-known brands across six key divisions: health and beauty, convenience, food, home furnishings, restaurants and other retailing.
Yahoo
21-02-2025
- Business
- Yahoo
Equinox Gold Corp (EQX) Q4 2024 Earnings Call Highlights: Record Production and Strategic Challenges
Quarterly Gold Production: 214,000 ounces. Quarterly Gold Sales: 218,000 ounces. Quarterly Revenue: $575 million. Cash Cost per Ounce (Q4): $1,458. All-in Sustaining Cost per Ounce (Q4): $1,652. Annual Gold Production (2024): 622,000 ounces. Annual Gold Sales (2024): 623,000 ounces. Annual Cash Cost per Ounce (2024): $1,598. Annual All-in Sustaining Cost per Ounce (2024): $1,870. Net Income (Q4): $28 million. Adjusted Net Income (Q4): $77 million. EBITDA (Q4): $185 million. Adjusted EBITDA (Q4): $218 million. Cash Flow from Operations (Q4): $213 million before changes in noncash working capital. Unrestricted Cash (End of Q4): $239 million. Debt Retired (2024): $180 million. Gold Price Realized (Q4): $2,636 per ounce. Greenstone Mine Production (Q4): 53,002 ounces. Greenstone All-in Sustaining Cost (Q4): $1,141 per ounce. Warning! GuruFocus has detected 10 Warning Signs with EQX. Release Date: February 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Equinox Gold Corp (EQX) achieved record quarterly gold production of approximately 214,000 ounces in Q4 2024, marking the highest in the company's history. The company reported a significant improvement in its S&P Global Corporate Sustainability Assessment score, increasing by over 13% compared to the previous year. Equinox Gold Corp (EQX) successfully consolidated ownership of the Greenstone mine, achieving commercial production in November 2024. The company reported a substantial increase in EBITDA for Q4 2024, reaching $185 million, which is a significant improvement over previous quarters. Equinox Gold Corp (EQX) plans to increase production in 2025 to between 635,000 ounces and 750,000 ounces, driven by the ramp-up of the Greenstone mine. Equinox Gold Corp (EQX) experienced a fatality at its Fazenda mine in 2024, highlighting ongoing safety challenges. The company is facing uncertainty at its Los Filos mine in Mexico due to pending agreements with local communities, which could impact future operations. Cash costs per ounce increased compared to Q4 2023, indicating rising operational expenses. The company reported high all-in sustaining costs at several mines, including Aurizona and Santa Luz, impacting overall profitability. Equinox Gold Corp (EQX) is dealing with geotechnical issues at the Piaba pit, which affected mining operations and required remediation efforts. Q: If gold prices remain high, what are you going to do with the extra free cash flow? A: Peter Hardie, CFO: We love the current gold price environment, which positively impacts our financials. With higher production and sales, we expect more free cash flow. Our focus is on deleveraging, so any excess cash will strengthen our balance sheet. Q: On Greenstone, could you give us some idea about the grade tons and recoveries for this year on average? A: Douglas Reddy, COO: Our budget and mine plan have us starting around a gram in the first quarter, ramping up to about 1.6 to 1.7 grams towards the end of the year. This increase is due to improved mining rates and selectivity. Q: What is the discrepancy between the ASIC and total cash cost guidance? A: Gregory Smith, CEO: We will take this question offline and get back to you, as we cannot do the math in real-time during the call. Q: If you decide to proceed with Los Filos, what does the sustaining capital look like going forward? A: Peter Hardie, CFO: We are awaiting clarity on the situation. Previously, during blockades, standby charges were $3-4 million per month. We expect lower costs on indefinite suspension and will provide more details as we move forward. Q: At Los Filos, can you provide details on the agreement terms with the communities? A: Gregory Smith, CEO: We are discussing long-term agreements that encompass the entire mine life. We need agreements with all three communities to continue operations. Without these, we cannot proceed with the mine. Q: Is there an update on the underground development at Aurizona? A: Douglas Reddy, COO: We are planning to start the portal and ramp as part of an exploration program to confirm mineability and access. This is not due to open pit constraints but to access a robust ore body underground. Q: Do you see additional opportunities to extend the mine life at Mesquite with higher gold prices? A: Douglas Reddy, COO: With Ginger, we have extended the life to evaluate other pits. We continue to explore opportunities, and Scott Heffernan can provide more details on exploration efforts. Q: Does the renewal of the base shelf include an ATM component? A: Gregory Smith, CEO: It gives us the ability to do ATMs, but we did not include an ATM on the renewal. We currently have no plans to implement an ATM. Q: What are the plans for exploration at Greenstone? A: Scott Heffernan, EVP of Exploration: We are focusing on significant exploration potential within the pit and underground. This year, we will conduct desktop studies and geological work, with significant exploration expected in the next two years. Q: Can you provide more clarity on the agreement status with the Los Filos communities? A: Douglas Reddy, COO: We reached agreement on key terms with all three communities, but only two have signed the final document. We need all three to sign to move forward. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Zawya
12-02-2025
- Business
- Zawya
LIXIL retains place in Dow Jones Sustainability World Index with its highest ever score
Dubai, United Arab Emirates — LIXIL, maker of pioneering water and housing products whose portfolio includes the brand GROHE, has been included in the prestigious 'Dow Jones Sustainability World Index' (DJSI World) with its highest ever score. [1] This marks the sixth consecutive year the company has been listed in the global index while also reaffirming its position in the DJSI Asia Pacific for the eighth consecutive year. The DJSI World is regarded as a global benchmark for the objective evaluation of companies' sustainability strategies and practices. Inclusion is based, among other factors, on an outstanding overall rating in the areas of Environment, Social, and Governance (ESG) in the S&P Global Corporate Sustainability Assessment. More than 13,000 listed companies worldwide were invited to take part in the assessment process in 2024 [2], where LIXIL achieved its highest score to date: 83/100 [3], positioning the company at the top of the Building Products industry forthe first time. As part of LIXIL's strong brand portfolio, GROHE's sustainability initiatives and product innovations play a vital role in supporting the company's Impact Strategy [4]. In its commitment to responsible sourcing and to comply with the German Supply Chain Act, the brand has elevated its processes by partnering with the supply chain sustainability platform IntegrityNext since 2022 to conduct due diligence on human rights and environmental standards when selecting new suppliers. GROHE is also fulfilling its commitment to CO2 reduction, with all eight LIXIL International's fittings plants as well as the German logistics centres of the GROHE brand achieving CO2 neutrality in 2020, followed by the outbound logistics in 2021. All eight fittings plants and German distribution centers switched to green energy. Unavoidable emissions are currently offset by three high-quality compensation projects. GROHE will continue its persistent sustainability efforts—not only in respect to CO2 reduction but throughout its entire value chain. Learn more about GROHE's sustainability efforts. Follow us on social media, on Facebook, Instagram, and LinkedIn. -Ends- About GROHE GROHE is a leading global brand for complete bathroom solutions and kitchen fittings. Since 2014 GROHE has been part of the strong brand portfolio of LIXIL, a manufacturer of pioneering water and housing products. In order to offer 'Pure Freude an Wasser', every product is based on the brand values of quality, technology, design and sustainability. The brand offers life-enhancing product solutions as well as services with its dedicated portfolios GROHE QuickFix, GROHE Professional and its premium sub-brand GROHE SPA. All cater to the specific needs of GROHE's professional business partners and their differentiated target groups. With water at the core of its business, the brand contributes to LIXIL's Impact Strategy with a resource-saving value chain: from CO2-neutral* production, the removal of unnecessary plastic in the product packaging, all the way to water- and energy-saving product technologies such as GROHE Everstream, a water-recirculating shower. *includes CO2 compensation projects, more on About LIXIL LIXIL (TSE Code 5938) makes pioneering water and housing products that solve every day, real-life challenges, making better homes a reality for everyone, everywhere. Drawing on our Japanese heritage, we create world-leading technology and innovate to make high quality products that transform homes. But the LIXIL difference is how we do this; through meaningful design, an entrepreneurial spirit, a dedication to improving accessibility for all and responsible business growth. Our approach comes to life through industry leading brands, including INAX, GROHE, American Standard and TOSTEM. Approximately 53,000 colleagues operating in more than 150 countries are proud to make products that touch the lives of more than a billion people every day. Learn more at PRESS CONTACT Gita Ghaemmaghami, Leader, Communications & PR, LIXIL IMEA Iman Dawod, Communications Director, BPG Group Dubai [1] The original press release can be found here. [2] [3] Score and ranking are as of November 7, 2024 [4]
