Survey: Hong Kong Construction Association’s ESG Recognition Scheme Shows Wide Adoption of ESG Actions by Frontline Construction Practitioners, Nearly 70% Participation
HONG KONG SAR – Media OutReach Newswire – 10 April 2024 – Hong Kong Construction Association (HKCA) launched the “ESG Recognition Scheme” in December 2022 with a funding of HK$10 million, which includes the establishment of an industry-wide ESG database and the provision of rewards for practitioners who establish an ESG work mode through the “ESG BUILD FUN” mobile app. So far, 106 sites have joined the programme, and the mobile app has recorded over 200,000 engagements. A survey conducted by HKCA last month on practitioners participating in the programme found that ESG actions have been widely adopted in the industry, not just by senior executives and management, but also by workers or frontline staff at construction sites who constituted nearly 70% (69.1%) of participants. The survey further revealed that the most common ESG action undertaken was waste recycling (89.1%), and nearly one-fifth (19.1%) participated in 10 or more ESG actions.
HANOI, VIETNAM – Media OutReach – August 13,
2020 – On August 12, 2020, VinSmart Research and
Production Joint Stock Company (a subsidiary of Vingroup) officially announced the strategic agreement with Medtronic plc to produce
components for Medtronic’s ventilators. It is expected that around 50,000 units
of Vingroup’s ventilator components will be exported to the US and Ireland
over the next year.
Medtronic is
among the world’s largest medical technology, services, and solutions
companies, providing healthcare services and healthcare solutions to over 150
countries. Medtronic’s ventilators are considered essential equipment in the
fight against the COVID-19 pandemic, in which, an air blower is one of the core
components.
According to
this agreement, VinSmart Research and Production Joint Stock Company will
partner with Medtronic to produce components for Medtronic’s ventilators
effective June 2020. In particular, Medtronic will obtain components
manufactured entirely by VinSmart and VinFast Manufacturing and Trading Co.,
Ltd. The ventilator’s components manufactured by VinSmart are evaluated to meet
the requirements to be exported around the globe.
It is expected
that the first components will be exported in August 2020. The goal is that
over the next year, 50,000 VinSmart units will be exported to the US and
Ireland, providing additional ventilators to meet increased demand.
About the
agreement, Mr. Madan Krishnan, Vice President of Minimally Invasive Therapies
Group, Asia Pacific, Medtronic, said: “No single company can meet the global
ventilator demand alone. To further supplement supply to meet overwhelming
demand, we publicly shared the design specifications for our Puritan
Bennett™560 (PB560) ventilator system in March 2020 under a permissive license.
To further ramp up our own production, we have been collaborating with a number
of international partners who can supplement part of the production process.
The partnership with Vingroup will be one that will see them manufacturing
components within our ventilators. Their support in this manufacturing process
will aid us to further increase our ventilator supply.
Previously,
Vingroup received the technology for producing PB560 ventilators under a
permissive license from Medtronic. After three months of research based on this
specific model, Vingroup successfully developed VSmart ventilator, VFS-510,
with 70% localised components, including the core and other complex components.
The production has been licensed by the Vietnamese Ministry of Health and has
exported to Russia, Ukraine, and Singapore for the first time.
Mrs. Le Thi Thu
Thuy, Vice Chairwoman of Vingroup, said: “Vingroup had also
officially announced the establishment of the Machine and Components division
to develop partnerships in terms of designing and strategic producing (ODM) for
top corporations all over the world. Products VinSmart designs and manufactures
include: PCBA circuit boards, switches, antennas, molds, and completed products
such as smartphones, connected devices (IoT), electronic products, electronics,
refrigeration, computer equipment, medical products, and products that are
specifically requested by partners.”
Participating
in a complex supply chain requiring components with absolute precision and
accuracy for Medtronic not only affirms VinSmart’s production capacity and
technology, but also marks a significant transition to a new level for Vingroup
in the road to become a leading industrial company in the region.
About VinSmart Research and Production Joint Stock Company
VinSmart Research and Production Joint Stock Company (a branch of Vingroup) owns a group of VinSmart electronic complex factories in Hoa Lac (Thach That, Ha Noi) with an area of approximately 14.8 ha, and a total of capacity of 125 million devices per year.On June 20 2020, the Vsmart ventilator VFS-510 model, manufactured by VinSmart Research and Production Joint Stock Company was officially approved by the Vietnamese Ministry of Health. The VFS-510 model was developed based on the PB560 model of Medtronic.
HONG KONG, CHINA – Media
OutReach – 18 September 2020 – Refinitiv, one of the world’s largest
providers of financial markets data and infrastructure, today announced that China
CITIC Bank International has adopted Refinitiv Electronic Trading platform to
enhance its Foreign Exchange (FX) trading and distribution workflow.
In
today’s evolving FX markets, banks need flexible trading platforms and tools
that provide control over electronic pricing, distribution, and hedging to meet
the growing demands of their client base and improve internal efficiency and
mitigate operation risks.
With
Refinitiv Electronic Trading, over 300 banks across 80 countries globally are
already benefiting from a turnkey, next-generation e-commerce FX trading
solution. Refinitiv Electronic Trading offers a powerful suite of e-commerce products
to shape, configure and automate FX prices to customers through a number of
distribution channels and FX venues while streamlining risk management. The
platform’s auto-execution and smart order routing methods enable enhanced price
discovery and execution with minimal market impact, which have also been
critical in helping clients safely cope with much larger volumes from their
remote or virtual work environments.
Lijun Bai, Executive Director ACEO, Head of Wholesale
Banking Group and Treasury & Markets Group at CITIC International, said, “In today’s FX
market, we see a strong demand for electronic pricing, execution efficiency and
stability as the partner of our clients. Through the Refinitiv Electronic
Trading platform, we will be offering competitive prices in CNH and other major
FX currency pairs electronically, which we believe will improve the operational
and risk controlling efficiency for both our bank and our customers.”
David Day, Head of North Asia at Refinitiv, said, “As a leading trading
venue and data company for financial markets, we are proud to strengthen our
partnership with China CITIC Bank International, one of the leading Chinese
banks in the offshore market. Through Refinitiv Electronic Trading, CNCBI will
have access to an efficient and digitized FX trading platform to drive the
on-going growth of its foreign exchange business in both local and
international markets. Enabling e-commerce solutions for the industry two
decades ago, Refinitiv sits at the intersection of currencies FX venues,
technology and regulation globally. We will continue to promote the development
of efficient, fair and effective markets.”
For
more information on Refinitiv’s FX trading solutions, visit here.
About Refinitiv
Refinitiv is one of the world’s largest
providers of financial markets data and infrastructure, serving over 40,000
institutions in over 190 countries. It provides leading data and insights,
trading platforms, and open data and technology platforms that connect a thriving
global financial markets community – driving performance in trading,
investment, wealth management, regulatory compliance, market data management,
enterprise risk and fighting financial crime.
