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Hitachi High-Tech Achieves CDP’s Highest Score of “A List” in Climate Change for the First Time

TOKYO, Dec 13, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi High-Tech Corporation today was selected for the 2022 "A List" by CDP(1), a non-governmental organization that conducts environmental research and information disclosure globally, out of more than 10,000 companies that were evaluated for their climate change initiatives and transparency in information disclosure. In 2010, we registered with CDP and have continued our efforts to decarbonize and harmonized with nature, and today we have been selected for the first time as an "A list", the highest rating in the field of climate change.Hitachi High-Tech's Environmental InitiativesAs a member of the wider Hitachi Group, Hitachi High-Tech Group is pushing forward with efforts to achieve carbon neutral status in our factories and offices by FY2027 and throughout our entire value chain by FY2050, all in service of our environmental vision and fulfilling the Long-term Environment Targets put forth in Hitachi Environmental Innovation 2050(2). Through these efforts, Hitachi High-Tech has achieved carbon neutrality in seven facilities.As a further effort to achieve the goal, in addition to the introduction of Hitachi Internal Carbon Pricing(3) in FY2021, we are also working to introduce environmental assessments into executive compensation for top management.Furthermore, in order to achieve carbon neutrality throughout the entire value chain by FY2050, we began surveying suppliers' CO2 emissions in fiscal 2020 in order to improve the accuracy of calculations for Scope3 Category1 (Purchased products and services), which emits the most CO2, and to consider reduction measures.At manufacturing process, we aim to offer products with reduced environmental impact by implementing environmentally conscious design (Eco-design) and working to reduce "CO2 emissions during product use", which is CO2 emissions second highest after "Scope3 Category1".In addition, in order to meet the growing demand for the reuse and remanufacture of lithium- ion batteries (LiB) for EVs, we have developed a "Rapid diagnostic method for battery degradation that instantly assesses the performance degradation and remaining life of lithium- ion batteries" together with Hitachi, Ltd. to accelerate the evaluation of the residual performance of batteries and achieve higher accuracy.Encouraged by this selection as an "A list" in the field of climate change, the Hitachi High-Tech Group will continue to create environmental value through manufacturing aimed at reducing environmental impact and strengthening environmental management, with the aim of contributing to a sustainable global environment.(1) CDP: CDP is a global non-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The organization analyzes and evaluates the environmental initiatives and information disclosure of the world's major companies in the three themes of climate change; water security; and forests - and selects the best companies as "A list" companies each year.(2) Hitachi Environmental Innovation 2050: Long-term goals established to aim toward building a "decarbonized society," a "resource efficient society" and a "harmonized society with nature" by 2050, set out under the vision that "Hitachi will resolve environmental issues and achieve both a higher quality of life and a sustainable society through its Social Innovation Business in collaborative creation with its stakeholders," which Hitachi instituted as its Environmental Vision.(3) Internal Carbon Pricing: A system in which a company places a price on its own carbon emissions in order to quantitatively clarify the impact on current and/or future business activities and to facilitate strategic decision-making, based on the premise that addressing climate change will present both costs and opportunities.This is a system to reduce CO2 emissions by converting the CO2 emission reduction effect of new equipment into a monetary amount and factoring it into investment decisions.Hitachi High-Tech's Sustainability Initiativeswww.hitachi-hightech.com/global/en/company/sustainability/Hitachi High-Tech's Materiality 1: Contributing to a Sustainable Global Environment Hitachi High-Tech Group has identified five themes of Materiality based on Sustainable Development Goals (SDGs), which are priority issues for resolving social issues. One of our identified Materiality is "Contributing to the Sustainable Global Environment," involving initiatives for realizing a decarbonized society and other such measures in combating climate change. bit.ly/3BwmtNGHitachi High-Tech's Climate Change Countermeasuresbit.ly/3PrN5W6About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, and analytical instruments, semiconductor manufacturing equipment and analysis equipment. and providing high value-added solutions in fields of social & industrial infrastructures and mobility, etc. The company's consolidated revenues for FY 2021 were approx. JPY 576.8 billion [USD5.1 billion]. For further information, visit www.hitachi-hightech.com/global/Contact:Katakura, KawamotoSustainability Management Dept., CSR Div., Hitachi High-Tech Corporation+81-80-9207-5075For more information, visit www.hitachi.com/New/cnews/month/2022/12/221213c.pdf. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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NEC named to the CDP “A List” for advanced Climate Change and Water Security initiatives four years in a row

TOKYO, Dec 13, 2022 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) has been recognized for leadership in corporate sustainability by global environmental non-profit CDP(1), securing a place on its prestigious "A List" four years in a row for tackling climate change, as well as acting to protect water security.NEC has set forth a policy for "Living harmoniously with the earth to secure the future" under the NEC 2030VISION and positioned decarbonization as a priority management theme, materiality, from an ESG perspective. While working on the Mid-term Management Plan 2025, NEC is striving to provide solutions that contribute to realizing a decarbonized society, responding to global warming, and guaranteeing food and water security.In addition to conducting business operations towards achieving SBT 1.5deg(2), NEC signed the "Business Ambition for 1.5degC Pledge"(3) in October 2021 and declared that greenhouse gas emissions throughout its entire supply chain will be virtually zero by 2050. Furthermore, NEC is accelerating activities with a view to achieving this declaration 10 years ahead of schedule.NEC also participates in international initiatives in the field of natural capital, which requires complex solutions to climate change, and contributes to discussions to address issues as a whole around the world(4).Going forward, NEC will continue to contribute to solving environmental issues, including climate change measures, water security and natural capital through the use of ICT.(1) CDP is an international non-profit organization in which investors, companies, cities, nations, and regions operate a global information disclosure system to manage environmental impacts. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions.(2) NEC upgrades its greenhouse gas reduction target to SBT1.5degCwww.nec.com/en/press/202106/global_20210611_01.html(3) NEC signs the "Business Ambition for 1.5degC Pledge"www.nec.com/en/press/202110/global_20211026_01.html(4) NEC's approach to biodiversitywww.nec.com/en/global/csr/eco/life.htmlAbout NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at www.nec.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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COP27 inspires global community to tackle climate change: Pertamina

JAKARTA, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The UN Climate Change Conference (COP27) 2022 can inspire the global community and all parties to increase contribution to tackling climate change, according to Senior Vice President of Strategy and Investment of Pertamina Daniel Purba.Senior Vice President of Strategy and Investment of Pertamina Daniel Purba speaks at a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). (ANTARA/HO-PT Pertamina)"Sometimes when we work only focusing on our own sector, we never think about a global point of view. So I'm sure this COP27 will inspire and encourage everyone to think globally in order to accelerate contributions in dealing with climate change through industries that we each work on," Purba said during a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11) .Reducing carbon emissions is one of the ways to tackle climate change, Purba added.Through the COP27 event, he continued, all nations around the world are reminded that there is still a lot of work to do to save planet Earth from the impacts of climate change, and it is not only for the benefit of future generations, but also for the sustainability of the business environment."I hope that after the implementation of COP27, everyone will realize that they have to play a role in saving the Earth. And that effort is not just a jargon, but must become a reality, our mindset and lifestyle that encourage us to save our planet," Purba said.As a concrete step to tackle climate change, Indonesia is committed to achieving net zero emissions (NZE) by 2060, and Pertamina is supporting the realization of that commitment by decarbonizing its existing businesses and developing green businesses."Currently Indonesia has committed to achieving net zero emissions by 2060 so that Pertamina, as a state-owned company, supports this commitment and we have also prepared various work programs to achieve this national (NZE) target," he pointed out.The decarbonization measures taken by the company include encouraging energy efficiency, zero-flare oil and gas activities, as well as carbon capture and utilization.Apart from that, Pertamina has also developed a number of green business initiatives, including those related to biofuels, renewable energy, batteries and electric vehicles, hydrogen as well as carbon businesses."Of course, we also view the energy transition period as a very good opportunity for us to build some green businesses," Purba said.In addition, Pertamina is also committed to allocating 14 percent of the projected capital expenditure for the 2022-2060 period, which is worth US$70-80 billion, for the development of clean, new and renewable energy.Contact: Brahmantya Satyamurti Poerwadi, Corporate Secretary, PT Pertamina (Persero)Email: pcc135@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Green business to reduce 26 million tons of CO2 by 2060: Pertamina

JAKARTA, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina is expecting its green business of new and renewable energy (NRE) to be able to meet its target of reducing 26 million tons of CO2 by 2060, higher than its 2030 target of 11 million tons of CO2 reduction."Pertamina targets New Renewable Energy (NRE) capacity to reach 60GW from solar, hydro, wind power and geothermal, to be able to meet 15 percent market share in 2060," the company's President Director and CEO Nicke Widyawati said in a panel discussion of COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).It also has a battery production capacity of up to 80 GWh, and sales of 800,000 two-wheel electric vehicles with 1.5 TWh charging station in 2060, as well as an increase in hydrogen energy with an optimal capacity of 3 MTPA.Through the development of the green refinery, Pertamina is committed to increasing the production capacity of biofuels from the current 3,000 bpd to 200,000 bpd in 2060 by focusing on hydrotreated vegetable oil (HVO) and hydro-processed esters and fatty acids (HEFA)."We are also targeting to be able to produce up to 600,000 bpd of B30 and A20 by 2060," Widyawati noted.Considering Indonesia's potential for large carbon capture storage which is estimated to reach about 80 gigatonnes to 400 gigatonnes of C02, Pertamina is eyeing such potential to be a new business of oil and gas."And the majority (of carbon capture storage) are onshore, so we have a competitive advantage compared to other countries in the region," she concluded.Watch the video, A World Class Energy Company, at: https://youtu.be/IIflZaKvaag At the United Nations Climate Change Conference or COP27 Sharm El-Sheikh, Indonesia voiced various actions, strategies, innovations and achievements as a concrete manifestation of leading climate action to prevent global temperature increases.Through soft diplomacy, the Pavilion Indonesia displays the policies and concrete results of previous work, as well as paving the way for future climate ambitions together with relevant parties."Multilateral, collective and integrated action is needed as the only way to overcome a real global threat. We must maintain the spirit of collaboration at COP27," Indonesian Environment and Forestry Minister Siti Nurbaya stated in her speech at the opening of the Pavilion Indonesia during the COP27 in Sharm El-Sheikh, Sunday.In recent decades, governments have shared climate change responsibilities with academia, business, civil society organizations and others.However, the practice of climate change mitigation and adaptation sometimes experiences challenges and limitations, such as the decision-making process influenced by politics as well as disputes due to the priority interests of socio-economy and environment."Sometimes this becomes a paradox, a form of discrepancy in social relevance, so that policies are less effective into action. Therefore, joint action on climate change requires leaders to guide action," Nurbaya said.Under the theme of Stronger Climate Actions Together, Pavilion Indonesia reflects the mission carried out by Indonesian delegation to take urgent action in combating climate change and its impacts, as mandated by goal number 13 of the Sustainable Development Goals (SDGs).Watch the video, A World Class Energy Company, at: https://youtu.be/IIflZaKvaag Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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HKIoD joins Climate Governance Initiative and launches CGI Hong Kong Chapter

HONG KONG, Sep 26, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Institute of Directors ("HKIoD") announced at the Directors' Conference 2022 that it has joined the Climate Governance Initiative ("CGI") and launched the CGI Hong Kong Chapter ("CGI HK").CGI is a global initiative the World Economic Forum started in 2019, with the aim of encouraging boards worldwide to address climate change issues in their businesses. It upholds eight principles: 1. climate accountability on boards, 2. command of the subject, 3. board structure, 4. material risk and opportunity assessment, 5. strategic integration, 6. incentivisation, 7. reporting and disclosure, and 8. exchange.Dr Moses Cheng, Honorary President and Founding Chairman of HKIoD, GBM, GBS, OBE, JP, said, "Climate risks will seriously affect sustainable development of the human society and corporate environment, and their impacts on the survival and shareholder value of enterprises are even harder to predict. Thus, tackling climate change is a matter of urgency for the human society. At the helm of sustainable development of their corporations, directors are duty-bound and crucial to leading climate governance actions. HKIoD is honoured to join CGI and to launch CGI HK, and work with partners and collaborators to provide directors with an important platform for exchanging climate governance knowledge and opinions. In addition, CGI HK will strive to have boards include 'Responses to Climate Change' in their regular agenda."Dr Christopher To, Chairman of HKIoD, said, "HKIoD sees promoting corporate social responsibility and sustainable development as an important action plan. Being able to join CGI this year while HKIoD celebrates its 25th anniversary means a lot to us. It is a testament to HKIoD upholding its original intentions, which are to lead the business community in contributing to building a better future, and to earn the recognition of international authoritative organisations for its efforts made over past years. HKIoD will continue to help the Hong Kong business community raise corporate governance standard and together with it build a more brilliant future."Dr Carlye Tsui, CEO of HKIoD, said, "Climate change and sustainable development have caught eyes in recent years and are key topics many HKIoD training courses cover. In our new role in hosting CGI Hong Kong Chapter, we will help strengthen communication and exchanges with corporate directors and experts from around the world, take reference of their knowledge and experience in enhancing the quality and quantity of our climate governance-related training."CGI currently has over 20 chapters in its global network with altogether 100,000 members.CGI HK is a community composing of directors, including non-executive directors ("NEDs") and executive directors ("EDs"), and subject matter experts.To assist in meeting the challenges arising from climate change, CGI HK's mission is to reach out to directors to advance knowledge, motivate actions and promote best board practice in climate governance. As Chairman of the CGI HK Steering Committee, Dr Carlye Tsui said, "CGI HK acts to empower, enable and engage directors in gaining climate awareness and skills and in embedding climate considerations into board decision-making. Directors should understand and the risks to the success of and opportunities for their organisations that the climate emergency brings. To support directors in climate governance, CGI HK will develop and curate regular forums and training and produce and share relevant published information. These activities will be opportunities for NEDs and EDs to learn, and interact with each other and subject matter experts."The Founding Partners of CGI HK include the following:1. Deloitte Touche Tohmatsu Limited 2. The Hong Kong Institute of Directors3. The Hongkong and Shanghai Banking Corporation Limited4. The Hong Kong University of Science and TechnologyThe CGI HK Advisory Council composition:1. Dr The Hon Moses CHENG Mo-chi GBM GBS OBE JP2. Prof Christine LOH SBS JP3. Ms Bonnie Y CHAN4. Mr Dennis CHOW5. Ms May TAN6. Dr Christopher TOThe CGI HK Steering Committee composition:1. Dr Carlye TSUI SBS MBE JP, Chairman2. Prof Veronique LAFON-VINAIS3. Mr Anthony TSUI4. Mr Mohit GROVER5. Ms Victoria SHAPOVALOVA6. Dr Agnes K Y TAI7. Mr Anthony CHEUNG8. Ms Athena NG9. Ms Alison TSOI, SecretaryPlease click [ https://www.hkiod.com/governance-structure/ ] for more details about CGI HK's Governance Structure.About The Hong Kong Institute of DirectorsThe Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.Media Enquiries:Strategic Public Relations GroupBrenda Chan +852 2114 4396 brenda.chan@sprg.com.hkChak Yau +852 2114 4395 chak.yau@sprg.com.hkFax: +852 2114 4948The Hong Kong Institute of DirectorsOdessa So +852 2889 4988 odessa.so@hkiod.com Joanne Yam +852 2889 1414 joanne.yam@hkiod.comFax: +852 2889 9982 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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The Climate Ecosystem Corp Announces Token Pre-sale

London, UK, February 22, 2022 – (SEAPRWire) – The Climate Ecosystem Corp., a company of like-minded individuals united by one big concern—climate change—has announced its pre-sale. Expected to hold soon, the pre-sale will see prospective investors try to cop thousands or millions of CLIME, the project’s native token. With a total supply of 10 billion CLIME, and with dates soon to be released, investors will have the privilege of staking and farming CLIME to gain CARBC [Carbon Credit token] once the sale is over. Born out of the need to preserve the deteriorating planet for future generations, The Climate Ecosystem aims at combating, on a larger scale, the effects of climate change. Leveraging blockchain technology and cryptocurrencies, the founding team is committed to attracting investors through the integration of decentralized finance [DeFi] technology. The Climate Ecosystem hopes to create a platform where a part of the transacted value and return on investment are kept aside to fund organizations focused, primarily, on fighting climate change. The Climate Ecosystem Corp. will act as a bridge between potential benefactors and organizations with a focus on global climate change. Through the profits generated from investments made, investors will make voluntary donations to the course. Unprecedentedly, The Climate Ecosystem will offer investors an opportunity to make good returns as well as generate values for donations. Through this platform, The Climate Ecosystem could become the pioneer blockchain-based project that solves a real environmental problem. A community-powered project, The Climate Ecosystem will introduce profits for holders of CLIME through transaction fees. Besides staking and farming, both of which attract zero fees, other transactions on The Climate Ecosystem will have a stipulated 10% fee. Incentivizing CLIME holders, 5% of each transaction fee obtained will be shared amongst token owners while 3% and 2% will go to donations and liquidity respectively. CLIME holders will not only be taking an active part in fighting the consequences of one of the world’s biggest problems, but they will also can earn profits as they do so. They also reserve the right to vote for organizations that will receive donations. With a sustainable and viable roadmap comprising the launch of a DEX, upcoming exchange listings, in-depth research about climate change-focused organizations, first donation, and an NFT collection, The Climate Ecosystem is aiming to be the most innovative bridge between willing donors and climate change organizations globally. For more information and to be a part of this nascent project, do well to visit the website and social media pages. About The Climate Ecosystem Corp. This is a company with like-minded individuals from the UK, Russia, Brazil, EU, and Panama with one mission—to mitigate the effects of climate change. Aimed at addressing the problem of climate change, The Climate Ecosystem Corp. hopes to do so immediately and efficiently. Through its ecosystem, it will bridge the gap between patrons and climate change-focused organizations, ergo expediting the donation process. The Climate Ecosystem will spend a percentage of transaction fees accrued on funding organizations across the globe. Social Links Twitter: https://twitter.com/climetoken?s=11 Telegram: https://t.me/Climate_Ecosystem Media Contact  Brand: The Climate Ecosystem Corp Contact: Marketing Team Email: сontact@clime.finance Website: http://clime.finance/ SOURCE: The Climate Ecosystem Corp The article is provided by a third-party content provider. SEAPRWIRE makes no warranties or representations in connection therewith. Any questions, please contact cs@SEAPRWIRE.com Sectors: Top Story, Daily News SEAPRWIRE (www.seaprwire.com) offers newswire service in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )

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Messe Muenchen Acquires Asia Climate Forum and Confirms In-person Event for 2022

Singapore, Jan 25, 2022 - (ACN Newswire via SEAPRWire.com) - Messe Muenchen's subsidiary for Southeast Asia -- MMI Asia Pte. Ltd. -- has taken over ownership and operation of the Asia Climate Forum (ACF) from former owners Media Generation Ventures Ltd (MGV), including the 2022 edition taking place alongside the CleanEnviro Summit Singapore (CESG) from 18th to 20th April at Marina Bay Sands Convention Centre.Asia Climate Forum is Southeast Asia's leading platform for weather forecasting, meteorological and hydrometeorological equipment, flood prevention and mitigation, and air quality control and management. Through three distinct exhibitions, InterMET, InterFLOOD and InterAIR, Asia Climate Forum has provided a focal point for the industry in Asia since the first edition in 2014.Michael Wilton, General Manager and Director of MMI Asia Pte. Ltd says, "We are proud to announce the acquisition of the Asia Climate Forum and commit to investing in the show and further the cause of resolving climate issues in the world. We thank the MGV team for the excellent work on the event since its inception, and look forward to working together with them for future editions of ACF."MMI Asia Group Project Director, Julia Kwan, explains: "MMI Asia is delighted to be working on the Asia Climate Forum. It is addressing some of the most important subjects that the industry, governments and society have to tackle. The event already provides the means for the industry to enhance, develop and deploy world leading solutions, technologies, and best practices in Southeast Asia. We are looking forward to further enhancing ACF and helping to contribute to the advancement of the sector's capabilities."Kwan continues; "The recent COP26 meetings highlighted a global effort to address this crisis - international collaboration and partnerships are critical to establish plans, and to take action against the consequences of climate change. Not least the Singapore government demonstrating the urgency to tackle Singapore's climate strategy in global warming and rising sea-levels."The previous organizers MGV will continue to work on the event as consultants to MMI Asia, to ensure a smooth transition and consistency for the show and its stakeholders.Tony Stephenson of MGV, and former Event Director of ACF, says: "There is clearly a need for a strong regional meteorology, flood and air quality show in Southeast Asia, and it's now time for us to pass the baton to a major organiser such as MMI with the resources to continue developing the event. We're sure that the new ownership will be highly positive for the long-term future of ACF, and we're grateful to all the loyal supporters, sponsors and exhibitors who have been with us for the past eight years; we look forward to continuing to work with them as well as MMI in future."Asia Climate Forum will add to Messe Muenchen's portfolio of events in the environmental sector globally, including IFAT, the world's leading Trade Fair for Water, Sewage, Waste and Raw Materials Management and the IE Expo series in China.The 2022 edition co-located with the CESG will also run concurrently with the Singapore International Water Week (SIWW).About MMI Asia Pte. Ltd and Messe Muenchen GMBHMesse Muenchen GMBH (MMG) is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition centre in Munich, at the ICM - Internationales Congress Center Munchen and the MOC Veranstaltungscenter Munchen as well as abroad. MMG is the owner and organizer of the world leading transport logistics and air cargo trade fair organized every two years in Munich.A full subsidiary of Messe Muenchen GMBH (MMG), MMI Asia established in Singapore in 1992, is now embarking on a significant growth and expansion program, bringing some of MMG's world leading brands to the ASEAN market. transport logistic and air cargo Southeast Asian editions are organized by MMI Asia Pte Ltd.MMI will provide a dedicated platform to ensure that overseas attendees and exhibitors looking to attend the ACF exhibition and conference, receive guidance and support on the entry and exit requirements for Singapore. The concierge service will support participants on their journey from home to exhibition hall and back. Interested parties are advised to contact the organizers and plan their visit early.Exhibit space and sponsorships at ACF are still available, but limited, and suppliers of equipment, technology and solutions are encouraged to contact the organizer as soon as possible.For more information, please visit www.asiaclimateforum.com.About Asia Climate ForumAsia Climate Forum is the dedicated climate change and environmental services event for Asia, Africa and the Pacific Islands. The event is the meeting place for suppliers, buyers and users of technology, equipment and services in the climate management and resilience sector. It comprises three complementary events the seventh edition of InterMET Asia, the third InterFlood Asia and InterAIR Asia. The 2022 edition of Asia Climate Forum will be part of the CleanEnviro Summit Singapore and the Singapore International Water Week.About IFATA world leader in the truest sense of the word, IFAT--the World's Leading Trade Fair for Water, Sewage, Waste and Raw Materials Management--is active across the globe offering innovations, resources, and solutions, specifically to tackle those challenges present across various markets. In addition to the event in Munich, IFAT also hosts individual trade fairs in China, India, South Africa, and Turkey as part of a global network for decision-makers in businesses operating in the environmental technology sector.Contact:Lloyd Tan Project Manager MMI Asia Pte Ltdlloyd@mmiasia.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Hitachi Achieves CDP’s Highest Score of “Grade A” in Climate Change and Water Security

TOKYO, Dec 8, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE: 6501) has been awarded the highest score of "Grade A" by global environmental non-profit charity CDP, in the categories of climate change and water security. CDP evaluated Hitachi's pioneering initiatives and disclosure of information for tackling climate change, as well as acting to protect water security. This is the first time Hitachi has simultaneously been included in an "A List" in two themes, and the third consecutive year that Hitachi has been included in water security.Hitachi has set its long-term environmental targets, issuing its plan "Hitachi Environmental Innovation 2050," to help realize a sustainable society. In the area of climate change, the Hitachi Group as a whole has set a target of becoming carbon neutral in its business sites (factories and offices) by fiscal 2030, and of achieving carbon neutrality through its entire value chain by fiscal 2050. To achieve this target, the company has introduced its Internal Carbon Pricing system, starting with investments for fiscal 2019, and executive pay linked to environmental performance from April 2021. In addition, the company plans to invest 1.5 trillion yen in R&D over the next three years, focusing on decarbonization technologies, including energy-saving technologies, to help its customers reduce their CO2 emissions and environmental impact.In terms of the use of water resources, Hitachi has set a target of improving the efficiency of internal water usage by 50% by fiscal 2050, compared to fiscal 2010. It aims to use the water resources necessary for business continuity appropriately and efficiently, and has been working to identify and address risks related to water issues throughout the Hitachi Group. Externally, Hitachi provides water environment solutions using digital technology, and improves water infrastructure to solve global water issues.CDP is a global non-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The organization analyzes and evaluates the environmental initiatives and information disclosure of the world's major companies in the three themes of climate change; water security; and forests - and selects the best companies as "A list" companies each year.Hitachi is becoming a climate change innovator and will continue to contribute to the realization of a sustainable society where people live happy and prosperous lives, through solving various ESG issues for society and customers through its Social Innovation Business, which uses data and technology to innovate social infrastructure.Hitachi's Sustainability Initiativeshttps://www.hitachi.com/sustainability/Sustainability Report / Integrated Reporthttps://www.hitachi.com/sustainability/download/index.htmlhttps://www.hitachi.com/IR-e/library/integrated/2021/index.htmlAbout Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide.Hitachi is a Principal Partner of COP26, playing a leading role in the efforts to achieve a Net Zero society and become a climate change innovator. Hitachi strives to achieve carbon neutrality at all its business sites by fiscal year 2030 and across the company?s entire value chain by fiscal year 2050.For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Fujitsu Earns Top Rating from CDP in Climate Change, Water Security Categories

TOKYO, Dec 8, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited today announced that the Fujitsu Group has been selected for the CDP's A List for both climate change for the fifth year in a row and water security for the third year in a row, earning the highest rating in the CDP's evaluation of corporate activities in response to climate change and water security.CDP is an international non-profit organization that manages annual global disclosure for companies' activities relating to climate change, forests, and water security, on behalf of institutional investors that have total investment assets in excess of $110 trillion (as of 2021/12/4). The survey evaluates companies' outstanding efforts to demonstrate leadership in disclosing information, identifying and managing risks, addressing challenges, as well as setting ambitious and significant goals.The Fujitsu Group's Initiatives in Climate Change and Water SecurityThe Fujitsu Group laid out its medium- to long-term environmental vision, the Fujitsu Climate and Energy Vision, in May 2017. Fujitsu is working to achieve both zero CO2 emissions from its own business through the use of AI and other technologies that support digital transformation.Fujitsu is also developing high-performance computing and AI technologies to contribute to the solution of issues facing society, including water-related disaster prevention and mitigation and the realization of more resilient infrastructure through digital technology.Based on the "Fujitsu Group Environmental Action Plan (Stage X)", which outline Fujitsu's environmental targets over the two-year period from FY 2021 to FY 2022, Fujitsu will work to minimize negative environmental impacts in the supply chain, while undertaking workstyle reforms and restructuring its business operations. To this end, Fujitsu has identified targets that address three key global societal challenges: climate change, resource circulation, and living in harmony with nature (conservation of biodiversity).In October 2021, the Fujitsu Group also announced the launch of its new business brand, Fujitsu Uvance, which aims to contribute to the achievement of Fujitsu's purpose: "to make the world more sustainable by building trust in society through innovation." With Fujitsu Uvance, the Fujitsu Group will continue to promote these initiatives to realize a sustainable world.Fujitsu's Commitment to the Sustainable Development Goals (SDGs)The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030. Fujitsu's purpose -- "to make the world more sustainable by building trust in society through innovation" -- is a promise to contribute to the vision of a better future empowered by the SDGs.About FujitsuFujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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NEC Named to the CDP “A List” for Advanced Climate Change and Water Security Initiatives Three Years in a Row

TOKYO, Dec 8, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) has been recognized for leadership in corporate sustainability by global environmental non-profit CDP(1), securing a place on its prestigious "A List" three years in a row for tackling climate change, as well as acting to protect water security.In 2017, NEC announced its climate change policy guidelines for 2050(2), and in October 2021 it signed the "Business Ambition for 1.5 degC Pledge," aiming to keep the rise in global temperature within 1.5 degC. Moreover, NEC is strengthening its actions aiming for net zero greenhouse gas emissions throughout its supply chain by 2050.(3)NEC has set forth a policy for "Living harmoniously with the earth to secure the future" under the NEC 2030VISION. As a priority management theme from an ESG perspective and materiality under the Mid-term Management Plan 2025, NEC will expand its carbon neutrality-related business, work to accelerate environmental management towards achieving SBT 1.5 degC(4) and contribute to CO2 reduction through customer DX.Going forward, NEC will continue to contribute to climate change measures and water security in collaboration with customers and other stakeholders through the use of ICT.(1) CDP is an international non-profit organization in which investors, companies, cities, nations, and regions operate a global information disclosure system to manage environmental impacts. In fiscal 2021, more than 13,000 companies worldwide disclosed information through CDP.(2) Formulation of climate change policy guidelines aimed at 2050https://www.nec.com/en/global/csr/eco/risk.html?#anc-strategy(3) NEC signs the "Business Ambition for 1.5degC Pledge"https://www.nec.com/en/press/202110/global_20211026_01.html(4) NEC upgrades its greenhouse gas reduction target to SBT1.5degChttps://www.nec.com/en/press/202106/global_20210611_01.htmlAbout NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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MHI Thermal Systems Receives ‘2021 Minister of the Environment Award for Climate Action’ for ‘Q-ton Circulation’ Air-to-Water Heat Pump

TOKYO, Nov 25, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received 2021 Minister of the Environment for Climate Action Award sponsored by the Japanese Ministry of the Environment for its "Q-ton Circulation," an air-to-water heat pump jointly developed with Chubu Electric Power Co., Inc. The award was given in the Technological Development and Commercialization category in recognition of the development and promotion of an air-source type heat pump using a refrigerant with a low global warming potential (GWP)(1). The award ceremony will take place on December 8 at the Tokyo Big Sight exhibition hall.Q-ton CirculationThe Ministry of the Environment accolade marks the fourth award bestowed on the Q-ton Circulation. In 2019, the new heat pump received the 47th Technology Award from the Japan Society of Refrigerating and Air Conditioning Engineers (JSRAE). In 2021, it received the Excellence Award in the Refurbishment Equipment category of the 38th Excellent Energy Saving Equipment Awards (recipient: Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation) of the Japan Association of Refrigeration and Air-Conditioning Contractors (JARAC), and also the Award for Excellence at the 24th Ozone Layer Protection and Global Warming Prevention Commendations sponsored by Nikkan Kogyo Shimbun (The Daily Industrial News).The Minister of the Environment for Climate Action Award program was introduced in 2020 to supersede the Environment Minister's Awards for Global Warming Prevention Activity launched in 1998, the name change reflecting today's societal focus on measures to counteract climate change. The award is given annually to individuals or groups having made noteworthy contributions to climate change mitigation (measures to curb greenhouse gas emissions) and accommodation to climate change (measures to avert or reduce impact from climate change). The 2021 award is MHI Thermal Systems' second to date: in 2019, the company received an Environment Minister's Award for Global Warming Prevention Activity for its centrifugal chiller ETI-Z Series that adopt a low-GWP refrigerant.The Q-ton Circulation is a heat pump used to produce sanitary hot water for use at hotels, spas and other bathing venues, and for circulation in production processes at machinery plants. Adoption of the R454C refrigerant featuring a GWP of 146, which is lower than the 150 clearance requirement now in force for refrigeration and other products used in Europe, contributes significantly to reducing environmental impact. The Q-ton Circulation also adopts a two-stage compression refrigeration cycle featured by its proprietary high-efficiency 3D scroll compressor; this ensures outstanding energy efficiency (COP(2) 3.3) and enables robust reductions in carbon emissions. Other advantages include 67% lower running costs and 52% lower energy consumption than use of a gas boiler(3). All told, replacement of existing boilers and electric heaters with the Q-ton Circulation can be expected to cut carbon emissions by wide margins.With accelerating moves toward decarbonization in recent years, adoptions of high-efficiency heat pumps are gathering momentum to replace fossil-fueled steam boilers and electric heaters in factories that require circulating hot water for degreasing and parts cleaning. Conventional heat pumps, however, use chlorofluorocarbon and other refrigerants having a high GWP, so the market, in its quest to protect the global environment, has been calling for the development of heat pumps capable of heating water with high efficiency but using a low-GWP refrigerant. The Q-ton Circulation was developed in response to these needs, and the number of units installed to replace existing boilers or incorporated into new facilities has been steadily increasing since the product's market launch in 2018.Today, as the world moves toward realization of a carbon-neutral society by 2050, there is a growing call for products and services promoting decarbonization. Going forward, MHI Group is committed to harnessing its comprehensive technological strengths and synergies enabled by MHI Thermal Systems' broad business scope, and applying them to the development of technologies and products that will further reduce environmental impact and help save energy, providing thermal solutions optimally responding to the diverse needs of the market. In addition, by reducing carbon emissions from the Company's own production activities and throughout its value chain, MHI Group will strive toward achieving NetZero in 2040 and a carbon-neutral society soon thereafter.(1) GWP is a measurement of global warming. The lower the GWP, the lighter is a product's environmental impact.(2) COP (coefficient of performance) is calculated based on Japanese Industrial Standards (JIS). The higher the value, the greater is a product's energy efficiency.(3) Calculated under the following conditions (subject to fluctuations depending on actual operating conditions):- Water inlet temperature 60℃; outlet temperature 65℃, annual savings in running costs when a 40kW heat source is upgraded from a gas boiler to Q-ton Circulation- 3,840 hours in operation per year (16 hr/d, weekdays only)- Running costs for an outdoor installation in the Nagoya area- Boiler system efficiency rating: 50%About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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What the world did and didn’t accomplish at COP26

COP26: Glasgow sets course for stronger climate action The COP26 climate talks in Glasgow were never going to end with a one-shot deal to save humanity from the climate crisis. Solving the immensely complex climate challenge is far beyond the remit of a single conference. But what COP26 did create is a foundation for stronger climate action globally across many fronts, from carbon markets, to cutting planet-warming methane, to pledges to end deforestation. Getting nearly 200 nations to reach a comprehensive agreement on anything is hard, especially since United Nations climate talks work on the basis of 100 per cent consensus, and climate policies are all about economic policies and national interest. Cutting emissions means transforming national energy, industrial and transport systems. It means big investments that not every nation can afford. READ MORE HERE Why the outcomes of the Glasgow talks are key for Singapore The annual United Nations climate change conferences may seem far removed from the reality of climate impacts that have upended lives and livelihoods. This year's conference, for instance, made headlines for the use of language - should countries "phase out" or "phase down" the use of coal? - and for the huge protests happening on the sidelines of the conference. The actual meat of the negotiations, on things like transparency reporting or the rules governing the international trade in carbon credits, are also technical and full of jargon. READ MORE HERE Singapore faces tough challenges in green financial hub ambitions As the world economy gradually gets rewired for net-zero carbon targets, global financial centres such as Singapore face a formidable challenge to carve out a similar niche in the green future. Attracting new listings of green bonds in the local capital market is important but will not be enough for Singapore to become a leading hub for sustainable finance. The country will have to create an ecosystem of financial institutions that are interested or already invested in the business of catalysing the flow of capital towards sustainable development here and across the region. READ MORE HERE More on this topic   Related Story Climate Code Red: More reports from COP26 US regains global role at COP26 but it makes little impact at home It was renewed US leadership at the United Nations climate conference (COP26) in Glasgow that raised ambition to tackle the climate crisis, the White House says in its official fact sheet on the conference. Certainly, climate envoy John Kerry brought an energy and direction to the conference, observers say, reminiscent of his one-time boss, former president Barack Obama. COP26 failed to reach its target - to dramatically reduce emissions and keep warming on the planet to 1.5 deg C above pre-industrial levels. The goal is still alive, but only just. READ MORE HERE Big hurdles ahead of China's push to cut methane emissions Climate observers were disappointed that China did not sign on to the Global Methane Pledge at the just concluded COP26 climate summit in Glasgow last week. Beijing is, after all, the top emitter of methane - ahead of both Russia and India - and the pledge committed countries to cutting emissions of the powerful greenhouse gas by at least 30 per cent from 2020 levels by the end of this decade. That said, the world's top emitter of greenhouse gases has signalled its seriousness in curbing methane emissions. READ MORE HERE India's opposition to phasing out coal supported at home India has received international flak for leading the charge by a clutch of coal-reliant countries, including China and Iran, to dilute a proposed pledge to phase out the fossil fuel at the COP26 summit. However, the altered position to "phase down" coal's usage has been supported domestically, given the iniquitous approach to target coal alone rather than phase out all fossil fuels, including oil and gas which mainly powers developed economies. "Is everybody taking the same level of risk that we are willing to take by phasing out coal? That was the question," said Mr Nandikesh Sivalingam, director of the Centre for Research on Energy and Clean Air. "What comes out of COP26 needs to be balanced and just for all countries, not just a few." READ MORE HERE Australian PM Scott Morrison clings to coal despite Glasgow pledge Hours after the world reached a pact at the climate summit in Glasgow to phase down the use of coal, Australia's Prime Minister Scott Morrison was asked whether the deal - as British Prime Minister Boris Johnson put it - "sounded the death knell for coal power". "No," Mr Morrison told reporters in Sydney. "I don't believe it did." Instead, he said, he believed Australia's coal industry, the second-largest coal exporter in the world last year after Indonesia, was set for a bright, long future. READ MORE HERE Key outcomes at conference The United Nations climate change conference, COP26, finally concluded on Saturday night (Nov 13), more than a day after it was scheduled to end. The outcome, called the Glasgow Climate Pact, will provide greater clarity for nations to implement stronger domestic climate policies that will help the world avoid harsher climate impacts. The Straits Times gives an overview of the climate negotiations and the outcomes from COP26.  READ MORE HERE

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Why the outcomes of the Glasgow climate talks are key for Singapore

SINGAPORE - The annual United Nations climate change conferences may seem far removed from the reality of climate impacts that have upended lives and livelihoods. This year's conference, for instance, made headlines for the use of language - should countries "phase out" or "phase down" the use of coal? - and for the huge protests happening on the sidelines of the conference. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Singapore youth give 18 recommendations for tackling environmental crisis

GLASGOW - As young people take to the streets in Glasgow on Friday (Nov 5) to mark Youth Day at the COP26 climate summit, youth in Singapore are also making their demands for climate action heard. On Friday morning Singapore time, a group of young people here released a statement of 18 recommendations on how the Republic can be made more liveable for future generations. Titled An Urgent Call From Singaporean Youth On The Environmental Crisis, the statement was co-authored by six youth-led organisations, including the Singapore Climate Rally and FiTree, as well as 10 individuals from different sectors of society. They include marine biologists Pavarne Shantti and Sam Shu Qin; co-founder of environmental group LepakInSG Ho Xiang Tian; indigenous culture and environmental advocate Firdaus Sani; as well as environmental communicator Woo Qiyun, who runs the Instagram account @theweirdandwild. Calling the effort an "unprecedented initiative", the co-authors said the statement was crafted by environmental and climate youth organisations of varied interests, coming together to collaborate for the first time. Their recommendations span six areas - emissions, nature, energy, corporate responsibility, community empowerment and inclusion, and the economy and people. One key recommendation was for Singapore to set itself a bolder emissions target to reach peak emissions before 2025 instead of the current target of 2030. The earlier the timeline, the earlier the country must take steps to bring down the amount of greenhouse gases it produces, even as the economy continues to grow. Over the longer term, the youth say the amount of planet-warming emissions Singapore produces should reach net-zero by 2050, in line with the recommendations of the United Nations' Intergovernmental Panel on Climate Change (IPCC). Singapore currently plans to reach this milestone "as soon as viable in the second half of the century". The IPCC has said global emissions should reach net-zero by mid-century for the world to stand a better chance of avoiding harsher climate impacts such as more extreme floods, wildfires and heatwaves. On nature, the young people urged the Government to protect remaining natural habitats in Singapore such as the Clementi Forest, and to ensure that nature conservation efforts are grounded in science. A jogger at Clementi Forest on Nov 19, 2020. PHOTO: ST FILE Natural habitats can serve as nature-based climate solutions, they said, as these ecosystems can take in carbon and protect the country's coastlines. "Mature habitats are much better at providing these solutions, and destroying them would be counter-productive to our climate mitigation and adaptation efforts," they said. More on this topic   Related Story Singapore pledges to phase out unabated coal in electricity mix by 2050   Related Story EMA to set green standards for power generation companies to reduce S'pore's carbon footprint Ecosystems such as mangroves, for instance, are huge stores of carbon. By locking the carbon in the soil, these habitats prevent the carbon from reaching the atmosphere, where it can trap heat and drive climate change. Mangroves also have the ability to keep pace with rising sea levels if the rate of increase is not too rapid, and can act as natural sea walls against sea level rise. The signatories of the statement also echoed the voices of young people around the world, who want a greater stake in shaping policies that will affect how their generation experiences the impacts of climate change in the future. View this post on Instagram A post shared by The Weird and Wild (@theweirdandwild) They called for more governmental engagement with youth communities in an "expansive and strategic manner", citing how young people in the European Union are involved in energy transition-related consultations through initiatives that form networks between interested youths and key actors in the energy sector. "The government can reach out to energy-focused youth groups in Singapore or create initiatives to get youth involved in our energy transition conversations and long-term plans," they said. One key recommendation was for Singapore to set itself a bolder emissions target to reach peak emissions before 2025 instead of the current target of 2030. ST PHOTO: TIMOTHY DAVID The statement has since Nov 4 been endorsed by 93 individuals and 75 organisations and entities, including Associate Professor Jason Lee from the National University of Singapore's Yong Loo Lin School of Medicine and the Nature Society (Singapore). "While we acknowledge that the government has released various initiatives and made progress on various environmental issues over the years, we know that our actions are still not yet where they need to be," the co-authors said. More on this topic   Related Story Red alert! What can you do to help bring carbon emissions down?   Related Story S'pore pledges $10m in new funds, making more investments in low-carbon technology While climate change and biodiversity loss are existential crises with far-reaching and world-changing consequences, humanity is at an inflexion point, the authors noted. "Moments like this also give us an opportunity to reflect on the values we want to hold on to, and the world we want to leave behind for our future generations," they wrote. "Singapore aims to honour the values of justice and equality. This means that our approach to mitigating the climate crisis must logically be rooted in these same values." The full set of recommendations and statement are available at SG Youth Cop26. More on this topic   Related Story Will COP26 deforestation pledge be game-changer or just more broken promises?   Related Story Climate Code Red: Live from COP26   

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S’pore paediatricians call for greater attention to climate change

SINGAPORE - For paediatricians, caring for a child begins long before he takes his first breath. And the health of children could be adversely affected by climate change. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Can Singapore’s climate targets be more ambitious?

SINGAPORE - It is T-minus seven days to COP26, and the British host of the United Nations climate talks is urging world leaders to arrive in Glasgow with bolder climate pledges. In the lead-up to the annual meeting - postponed by a year because of the Covid-19 situation last year - more than 110 countries have already said they intend to have their planet-warming emissions reach net zero by a certain timeline. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Climate action a responsibility that businesses must take: President Halimah

SINGAPORE - Climate change can wreak "catastrophic and irreversible" damage on societies and economies, so taking action to avoid such an outcome is a responsibility that businesses must take, said President Halimah Yacob on Tuesday (Sept 28). Climate action also presents a business opportunity, she said during the launch of Ecosperity Week - a sustainability conference organised by Singapore's Temasek. The three-day conference, which takes place in a hybrid format with some delegates gathering at Marina Bay Sands, will focus on climate solutions. Discussions will cover issues such as decarbonisation technologies, including sustainable fuels for the aviation and maritime sectors, nature-based climate solutions, and tools that can help divert capital to meet climate goals. Madam Halimah said: "The Singapore story is testament to the fact that sustainability and economic growth need not be mutually exclusive... That belief is also captured in the name of this event Ecosperity, which pairs the words 'ecology' and 'prosperity'." While the consequences of climate change are widespread, Madam Halimah said South-east Asia faces disproportionate risk. The long coastlines and densely populated low-lying areas in Asean make the region vulnerable to rising sea levels, she said. Sea level rise is a result of melting land ice and the expansion of water in a warming world. "In a scenario where sea levels rise by 1m, at least 89 million people in the region would be living in zones at high risk of frequent coastal flooding. Typhoons and other weather events are becoming more intense and more frequent, and leave a higher human and economic toll," said Madam Halimah. And as the world gets warmer owing to humans belching out more planet-warming greenhouse gases from burning fossil fuels and cutting down forests, businesses will also suffer. The Climate Economics Index by research organisation Swiss Re Institute has warned that if no climate action is taken and temperatures rise by 3.2 deg C by mid-century, the gross domestic product of Asean economies could decline by a third compared with what it would have been in a world without warming, Madam Halimah said. Under the Paris Agreement inked in 2015, nations agreed to take action to limit global warming to well below 2 deg C, preferably to 1.5 deg C, compared with pre-industrial levels. Climate change impact gets more severe for every degree of warming. Taking climate action will also ensure that future generations have a liveable planet. Citing a United Nations Children's Fund (Unicef) report launched last month, Madam Halimah said approximately one billion children - nearly half of the world's 2.2 billion children - live in countries identified to be at extremely high risk of impact from climate change. But there are solutions out there to avoid such a situation. Emerging technologies can help businesses transform, she said, citing examples such as electric cars and alternative proteins. Electric vehicles, if charged up by grids powered by lower-carbon fuels or renewable energy, are greener than diesel or petrol-fuelled cars. Alternative proteins, such as plant-based "meats" and those made from cell culture, are also considered more sustainable than the livestock sector, which is a huge source of greenhouse gas emissions. President Halimah Yacob speaking at the launch of Ecosperity Week on Sept 28, 2021. PHOTO: TEMASEK HOLDINGS More on this topic   Related Story World News Day: Time to heed warnings of a hurting world   Related Story UN climate report: How much hotter can it get in Singapore in your lifetime? Madam Halimah said: "According to the International Labour Organisation, a shift to a greener economy could create 24 million jobs globally by 2030. There is immense economic value in the transition to a net-zero emissions future." But in this transition, workers must not be left behind, she said. Help must be given to help them develop new skills needed in emerging sectors. Madam Halimah said: "Investing in upskilling our existing workers so that they can pivot to the new opportunities is a responsibility that extends beyond the Government, and requires cooperation from businesses, labour organisations, and the individuals themselves." She added that Singapore was well aware of the need to balance economic development with environmental protection and social inclusion, even as it developed. "As the country industrialised post-independence, we did so with sustainability in mind. Even as we built public housing, pursued manufacturing investments and developed our professional services sector, we planted trees along our roads, cleaned up the Singapore River and set aside nature reserves," she said. This photo taken on July 7, 2021 shows rows of trees near the Marina Coastal Expressway tunnel. ST PHOTO: LIM YAOHUI Recently, the Government also launched the Singapore Green Plan 2030 to chart the nation's sustainability journey, Madam Halimah said. As climate change is a global problem that needs to be addressed with a multi-lateral, rules-based approach, Singapore participates actively in global climate negotiations, she added. Madam Halimah said: "We can play our part as a fair broker in forging consensus at international discussions on climate change. I am confident that what we do here in Singapore does matter and can influence others." Speaking during the opening of Ecosperity Week, Mr Lim Boon Heng, chairman of Temasek Holdings, welcomed delegates back to the conference. The annual event, now in its seventh edition, was not held last year due to the Covid-19 pandemic. "This event will explore new ideas and forge partnerships as we seek to tackle another big crisis confronting humanity, the looming, climate emergency," he said. "Even as countries learn to cope with the health and economic crisis arising from the pandemic, we must step out and step up our efforts against climate change, or I should say, climate emergency." More on this topic   Related Story Analysis panning S'pore's climate targets as 'critically insufficient' lacks nuance: Govt   Related Story Tackling climate change requires both individuals and organisations, says Desmond Lee

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