Latest news with #SustainabilityYearbook
Cision Canada
6 days ago
- Business
- Cision Canada
LONGi Selected for S&P Global's Sustainability Yearbook (China Edition) 2025
XI'AN, China , May 28, 2025 /CNW/ -- Recently, S&P Global released the Sustainability Yearbook (China Edition) 2025, and LONGi was selected for its outstanding performance in environmental, social, and corporate governance (ESG) aspects. This is the third time that LONGi has been selected for S&P Global's Sustainability Yearbook (China Edition), which is a recognition of LONGi's work in the field of sustainable development. Continue Reading LONGi Selected for S&P Global's Sustainability Yearbook (China Edition) 2025 The S&P Global Corporate Sustainability Assessment (CSA), with a 26-year history, is a globally recognized ESG performance evaluation tool and database. CSA results are utilized in over 200 indices published by S&P Dow Jones Indices and serve as a key reference for hundreds of institutional investors managing assets worth $35 trillion worldwide. The annual CSA scores determine eligibility for inclusion in the following year's Sustainability Yearbook. For the Sustainability Yearbook (China Edition) 2025, 164 Chinese companies were selected from over 1,600 assessed in the 2024 CSA. In terms of ESG management, in 2024, LONGi deepened the company's practices in environment, society, and governance (ESG), and achieved several sustainable development goals ahead of schedule. In the aspects of decarbonization path and resource efficiency, LONGi has also achieved significant results: the company's annual green electricity usage proportion steadily increased to 47.5%, which is equivalent to a reduction of about 2.5467 million tons of carbon emissions, with a 37% decrease in scope 1 and 2 carbon emissions compared to 2023, and a 26% decrease in scope 3 carbon emissions compared to 2023; the electricity consumption per unit of each production unit has significantly decreased compared to 2020, achieving the set targets. In addition, several new breakthroughs have been made in environmental fields: the annual environmental protection investment reached 370 million yuan , with zero environmental violation incidents, and all operating bases achieved full coverage of ISO 14001 certification. Five production bases passed the clean production audit. Jiaxing factory, after obtaining the WEF Lighthouse Factory certification, also passed the "zero-carbon factory" certification. In 2024, LONGi's silicon wafers, modules, and hydrogen energy products obtained 53 carbon footprint certification certificates globally, covering France , South Korea , and the international EPD system. These achievements not only demonstrate LONGi's environmental responsibility, but also set a new benchmark for the green and low-carbon transformation of the global photovoltaic industry. LONGi has always adhered to the vision of 'making the best of solar energy to build a green world', and is committed to creating affordable and accessible clean energy for the world. The company's development strategy is integrated with the United Nations' 2030 Sustainable Development Goals, and it is dedicated to achieving clean, renewable, and efficient energy utilization while working with numerous stakeholders to create a future where "everyone has access to affordable clean energy". 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. SOURCE LONGi Chuan Wang, [email protected]
Yahoo
6 days ago
- Business
- Yahoo
LONGi Selected for S&P Global's Sustainability Yearbook (China Edition) 2025
XI'AN, China, May 28, 2025 /CNW/ -- Recently, S&P Global released the Sustainability Yearbook (China Edition) 2025, and LONGi was selected for its outstanding performance in environmental, social, and corporate governance (ESG) aspects. This is the third time that LONGi has been selected for S&P Global's Sustainability Yearbook (China Edition), which is a recognition of LONGi's work in the field of sustainable development. The S&P Global Corporate Sustainability Assessment (CSA), with a 26-year history, is a globally recognized ESG performance evaluation tool and database. CSA results are utilized in over 200 indices published by S&P Dow Jones Indices and serve as a key reference for hundreds of institutional investors managing assets worth $35 trillion worldwide. The annual CSA scores determine eligibility for inclusion in the following year's Sustainability Yearbook. For the Sustainability Yearbook (China Edition) 2025, 164 Chinese companies were selected from over 1,600 assessed in the 2024 CSA. In terms of ESG management, in 2024, LONGi deepened the company's practices in environment, society, and governance (ESG), and achieved several sustainable development goals ahead of schedule. In the aspects of decarbonization path and resource efficiency, LONGi has also achieved significant results: the company's annual green electricity usage proportion steadily increased to 47.5%, which is equivalent to a reduction of about 2.5467 million tons of carbon emissions, with a 37% decrease in scope 1 and 2 carbon emissions compared to 2023, and a 26% decrease in scope 3 carbon emissions compared to 2023; the electricity consumption per unit of each production unit has significantly decreased compared to 2020, achieving the set targets. In addition, several new breakthroughs have been made in environmental fields: the annual environmental protection investment reached 370 million yuan, with zero environmental violation incidents, and all operating bases achieved full coverage of ISO 14001 certification. Five production bases passed the clean production audit. Jiaxing factory, after obtaining the WEF Lighthouse Factory certification, also passed the "zero-carbon factory" certification. In 2024, LONGi's silicon wafers, modules, and hydrogen energy products obtained 53 carbon footprint certification certificates globally, covering France, South Korea, and the international EPD system. These achievements not only demonstrate LONGi's environmental responsibility, but also set a new benchmark for the green and low-carbon transformation of the global photovoltaic industry. LONGi has always adhered to the vision of 'making the best of solar energy to build a green world', and is committed to creating affordable and accessible clean energy for the world. The company's development strategy is integrated with the United Nations' 2030 Sustainable Development Goals, and it is dedicated to achieving clean, renewable, and efficient energy utilization while working with numerous stakeholders to create a future where "everyone has access to affordable clean energy". 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
Korea Herald
13-05-2025
- Business
- Korea Herald
Ping An Featured in S&P Global's Sustainability Yearbook (China Edition) 2025, Still the Only Mainland Chinese Insurer
HONG KONG and SHANGHAI, May 13, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318) is featured in S&P Global's Sustainability Yearbook (China Edition) 2025. The Group has been recognized for its outstanding performance in Environmental, Social, and Governance (ESG) practices and sustainable development initiatives, and it is still the the only insurance company from Mainland China included. For 2025, S&P Global assessed 1,662 companies across 60 industries before selecting 164 high-performing companies for the yearbook. For the insurance industry, the evaluation criteria and weighting included: Environmental (18%, focusing on climate strategy and decarbonization strategy), Social (33%, emphasizing financial inclusion and human capital management), and Governance & Economic (49%, covering business ethics, corporate governance, risk and crisis management, and sustainable finance). Ping An is the sole representative from Mainland China, and one of only two insurance companies included, underscoring the Group's leadership in sustainable development. In terms of environmental initiatives, Ping An supports green development and low-carbon transformation by leveraging diverse financial services, such as insurance, credit, and investment. In 2024, Ping An's green insurance premium income reached RMB58.6 billion, representing year-on-year growth of nearly 57%. Green loan balances amounted to RMB157.8 billion, up 13% year-on-year, and green investment of insurance funds reached RMB124.7 billion. Ping An also enhanced its climate actions to adapt to the uncertainty of climate change. It actively identified risks and opportunities related to climate change, conducted climate risk scenario analyses, and developed response and transition plans. The Company reduced its operational greenhouse gas emissions by 8% year-on-year in 2024 and purchased 11,612 MWh of green electricity, which effectively avoided about 6,800 tonnes of carbon dioxide equivalent (tCO2e) emissions. Ping An has also made significant social contributions. The year 2024 marked the 30 th anniversary of Ping An's commitment to public welfare education. By the end of 2024, Ping An supported the construction of 119 Ping An Hope Primary Schools across the country. It had also recruited 12,708 volunteer teachers, with more than 443,000 volunteer teaching hours, and established various educational scholarships, cumulatively supporting 31,345 students. Leveraging its integrated finance approach, Ping An actively promoted inclusive finance. As of the end of 2024, Ping An P&C provided more than 2.4 million small and micro enterprises with comprehensive risk protection totaling more than RMB220 trillion and processed over 900,000 claims, worth nearly RMB4 billion. Ping An Bank served 782,000 small and micro enterprise through inclusive loans and issued nearly 260,000 debit cards to rural residents. Ping An also invested in employee development: in 2024, the Group invested RMB956 million in training programs, with an average of 49 training hours per employee. In terms of governance and economic practices, Ping An adheres to global best practices in corporate governance, emphasizing professionalism, independence, and diversity of its Board of Directors. The Company provides ongoing training for board members on topics such as risk management, digital transformation, information security, and climate management, to continue enhancing its risk control systems and platform infrastructure for healthy business development. Ping An also places great importance on business ethics. The Company conducted more than 6,000 integrity culture development and anti-corruption awareness campaigns in 2024. Ping An is also active in sustainable finance: sustainable insurance premium income reached RMB629.3 billion in in 2024, a year-on-year increase of 13%. Its responsible banking business reached RMB1.2 trillion, with a compound annual growth rate of 4.5% over the past three years. Responsible investments of insurance funds totaled RMB849.9 billion, a 17% increase from the beginning of the year. Ping An said that its continued inclusion in S&P Global's Sustainability Yearbook (China Edition) is acknowledgement of the Group's long-term commitment to its sustainable development strategy. Looking ahead, Ping An will continue to deepen its technology-driven "integrated finance + health and senior care" strategy, enhance its service and management capabilities, and create long term, sustainable value for customers, employees, shareholders and society. Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its nearly 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29 th in the Forbes Global 2000 list in 2024 and 53 rd in the Fortune Global 500 list in 2024.
Yahoo
13-05-2025
- Business
- Yahoo
Ping An Featured in S&P Global's Sustainability Yearbook (China Edition) 2025, Still the Only Mainland Chinese Insurer
HONG KONG and SHANGHAI, May 13, 2025 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318) is featured in S&P Global's Sustainability Yearbook (China Edition) 2025. The Group has been recognized for its outstanding performance in Environmental, Social, and Governance (ESG) practices and sustainable development initiatives, and it is still the the only insurance company from Mainland China included. For 2025, S&P Global assessed 1,662 companies across 60 industries before selecting 164 high-performing companies for the yearbook. For the insurance industry, the evaluation criteria and weighting included: Environmental (18%, focusing on climate strategy and decarbonization strategy), Social (33%, emphasizing financial inclusion and human capital management), and Governance & Economic (49%, covering business ethics, corporate governance, risk and crisis management, and sustainable finance). Ping An is the sole representative from Mainland China, and one of only two insurance companies included, underscoring the Group's leadership in sustainable development. In terms of environmental initiatives, Ping An supports green development and low-carbon transformation by leveraging diverse financial services, such as insurance, credit, and investment. In 2024, Ping An's green insurance premium income reached RMB58.6 billion, representing year-on-year growth of nearly 57%. Green loan balances amounted to RMB157.8 billion, up 13% year-on-year, and green investment of insurance funds reached RMB124.7 billion. Ping An also enhanced its climate actions to adapt to the uncertainty of climate change. It actively identified risks and opportunities related to climate change, conducted climate risk scenario analyses, and developed response and transition plans. The Company reduced its operational greenhouse gas emissions by 8% year-on-year in 2024 and purchased 11,612 MWh of green electricity, which effectively avoided about 6,800 tonnes of carbon dioxide equivalent (tCO2e) emissions. Ping An has also made significant social contributions. The year 2024 marked the 30th anniversary of Ping An's commitment to public welfare education. By the end of 2024, Ping An supported the construction of 119 Ping An Hope Primary Schools across the country. It had also recruited 12,708 volunteer teachers, with more than 443,000 volunteer teaching hours, and established various educational scholarships, cumulatively supporting 31,345 students. Leveraging its integrated finance approach, Ping An actively promoted inclusive finance. As of the end of 2024, Ping An P&C provided more than 2.4 million small and micro enterprises with comprehensive risk protection totaling more than RMB220 trillion and processed over 900,000 claims, worth nearly RMB4 billion. Ping An Bank served 782,000 small and micro enterprise through inclusive loans and issued nearly 260,000 debit cards to rural residents. Ping An also invested in employee development: in 2024, the Group invested RMB956 million in training programs, with an average of 49 training hours per employee. In terms of governance and economic practices, Ping An adheres to global best practices in corporate governance, emphasizing professionalism, independence, and diversity of its Board of Directors. The Company provides ongoing training for board members on topics such as risk management, digital transformation, information security, and climate management, to continue enhancing its risk control systems and platform infrastructure for healthy business development. Ping An also places great importance on business ethics. The Company conducted more than 6,000 integrity culture development and anti-corruption awareness campaigns in 2024. Ping An is also active in sustainable finance: sustainable insurance premium income reached RMB629.3 billion in in 2024, a year-on-year increase of 13%. Its responsible banking business reached RMB1.2 trillion, with a compound annual growth rate of 4.5% over the past three years. Responsible investments of insurance funds totaled RMB849.9 billion, a 17% increase from the beginning of the year. Ping An said that its continued inclusion in S&P Global's Sustainability Yearbook (China Edition) is acknowledgement of the Group's long-term commitment to its sustainable development strategy. Looking ahead, Ping An will continue to deepen its technology-driven "integrated finance + health and senior care" strategy, enhance its service and management capabilities, and create long term, sustainable value for customers, employees, shareholders and society. About Ping An Group Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its nearly 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 53rd in the Fortune Global 500 list in 2024. For more information, please visit and follow us on LinkedIn - PING AN. View original content: SOURCE Ping An Insurance (Group) Company of China, Ltd.
Fibre2Fashion
01-05-2025
- Business
- Fibre2Fashion
Canada's Gildan expects mid-single-digit growth in 2025
Canadian manufacturer of branded clothing Gildan has reaffirmed its 2025 outlook, reflecting confidence in its Gildan Sustainable Growth (GSG) strategy and resilient vertically integrated business model, despite ongoing macroeconomic and geopolitical challenges. The company expects full-year revenue to grow in the mid-single digits, with adjusted operating margin rising by approximately 50 basis points (bps). The adjusted diluted earnings per share (EPS) is projected to range between $3.38 and $3.58, representing a year-on-year (YoY) increase of roughly 13 to 19 per cent. The capital expenditure (capex) is anticipated to be around 5 per cent of sales, and free cash flow is expected to exceed $450 million. Gildan has reaffirmed its 2025 outlook with mid-single-digit revenue growth, a 50 bps rise in operating margin, EPS of $3.38â€'$3.58, and free cash flow above $450 million. Its Q1 2025 sales rose 2.3 per cent to $712 million, led by 9 per cent activewear growth. Gross margin improved to 31.2 per cent. It earned recognition in S&P's Sustainability Yearbook and CDP's Leadership band for ESG performance. The forecast incorporates the impact of newly imposed US tariffs and global trade policy changes, with mitigation strategies in place, including operational flexibility and manufacturing cost advantages. Continued growth is expected across key product categories through innovation, new programme launches, and market share gains, Gildan said in a press release. Gildan also benefits from the Barbados jobs credit programme introduced in 2024 and foresees a stable effective tax rate despite the implementation of global minimum tax legislation in Canada and Barbados. For the second quarter (Q2) of 2025, the company expects net sales to grow mid-single digits, with adjusted operating margin remaining comparable to Q2 2024. Meanwhile, Gildan recorded net sales of $712 million in the first quarter (Q1) of 2025, an increase of 2.3 per cent YoY, in line with previously provided guidance of low single-digit growth. Activewear sales of $647 million were up 9 per cent driven by higher sales volumes which reflected favourable product mix in North America, with a higher proportion of fleece and ring spun products. The company continued to see market share gains in key growth categories and a positive market response to its recently introduced new products which feature key innovations, including new soft cotton technology. Furthermore, in parallel with solid sales to North American distributors, it observed continued momentum with national account customers, driven by its strong overall competitive positioning, added the release. Its international sales decreased by 2.5 per cent YoY primarily due to softness in Latin America (LATAM) and Asia, partly offset by strong growth in Europe. The company generated gross profit of $222 million, or 31.2 per cent of net sales, versus $211 million, or 30.3 per cent of net sales, in Q1 2024 representing a 90-bps improvement which was primarily driven by lower raw material costs. Additionally, Gildan generated operating income of $130 million, or 18.2 per cent of net sales, comparing favourably to $105 million, or 15.1 per cent of net sales last year, which includes $5 million of restructuring and acquisition-related costs. 'Through the continued successful execution of our three strategic pillars— capacity expansion, innovation and ESG —we are not only further strengthening our competitive position but also driving top line growth and enhancing profitability. Our solid foundation, underpinned by our vertically integrated business model, and our operational and financial discipline, provide us with agility to navigate the current uncertain environment. We remain deeply committed to delivering long-term value for our stakeholders and to diligently executing on the opportunities that lie ahead,' said Glenn J Chamandy, president and chief executive officer (CEO) at Gildan. Gildan was included in S&P's 2025 sustainability yearbook for the 13th year and listed in the Carbon Disclosure Project's (CDP) Leadership band for the fifth time. The company received recognition for its performance in greenhouse gas (GHG) emissions, risk management, and emission reduction measures, indicating continued efforts in environmental, social, and governance (ESG) practices, said the release. Fibre2Fashion News Desk (SG)
