Hive Hydrogen Invites Proposals for $5.8 Billion South Africa Plant
The company, a venture between the UK's Hive Energy Ltd. and South Africa's BuiltAfrica Group, has asked 15 companies to participate in the process, it said in a statement on Monday. That number was whittled down from the 48 that had expressed interest earlier this year.
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Yahoo
19 minutes ago
- Yahoo
EU Digital Product Passports unlock textile commercial opportunity by 2026
The report emphasises that DPPs, mandated under the EU's Ecodesign Regulation, present a significant commercial opportunity beyond mere compliance that can foster ongoing revenue streams, promote sustainability, and fortify consumer relationships. The impending EU regulation is poised to alter the economic landscape of fashion resale, potentially doubling the lifetime value of products. The research indicates that up to 65% of these benefits could accrue to consumers. It claims that the new regulation could yield an additional £500 on an item priced at £500 currently, through resale and related services once enhanced by a DPP. This is due to increased trust, traceability, and ease of resale. Despite the potential advantages, approximately 90% of brands surveyed by Bain perceive DPPs mainly as a regulatory imposition. Bain & Company retail and customer strategy & marketing practices Aaron Cheris said: 'DPPs are more than just checking a compliance box. They are a foundational shift in how value is created, captured, and sustained over a product's lifetime. Brands that act early can build a more direct, data-rich relationship with consumers, tapping into resale trends and personalising services in powerful new ways.' Understanding DPPs DPPs, which is part of the Ecodesign for Sustainable Products Regulation (ESPR), serve as standardised digital records that may include QR codes, NFC tags, blockchain technology or similar methods. They hold comprehensive data on a product's materials, origins, environmental impact, and lifecycle. These records empower brands to initiate confident resale programmes and offer customised warranties and aftercare services while monitoring usage to prolong product lifespans and reporting on ESG goals with improved transparency. The ESPR stipulates that by 2030 almost every physical product sold within the EU must have a DPP. According to the Bain/eBay study, consumers will be the primary beneficiaries of the value unlocked by DPPs. By simplifying processes – eliminating lost receipts or cumbersome listings – DPPs facilitate effortless resale transactions and enhance buyer confidence. As second-hand markets grow, DPPs could catalyse further growth by reinforcing trust and normalising circular shopping habits. eBay global fashion VP Alexis Hoopes said: 'Digital Product Passports are critical to powering the future of circularity in fashion. As a global marketplace at the forefront of resale, we're exploring how better product data can enable smarter buying, responsible selling, and a more trusted platform. Unlocking value for consumers is a critical part of the connected product evolution.' "EU Digital Product Passports unlock textile commercial opportunity by 2026" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
New York Times
27 minutes ago
- New York Times
Trump Threatens Extra Tariffs on BRICS-Aligned Countries
President Trump threatened late Sunday to impose an additional tariff on countries that align themselves with the policies of BRICS nations, after the group expressed 'serious concerns' over countries imposing unilateral tariffs. 'Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,' Mr. Trump said in a Truth Social post. He did not elaborate, nor did he say what BRICS policies he was referring to. The BRICS countries — originally comprised of Brazil, Russia, India and China, and later expanded to include South Africa and a handful of other nations — began a two-day summit on Sunday in Rio de Janeiro. The group issued a statement that appeared to criticize the Trump administration's tariffs and foreign policies, though it did not directly mention the president or the United States. The statement said that unilateral tariffs reduced global trade, disrupted supply chains and introduced uncertainty into international commerce. And it condemned military strikes on Iran last month, calling them 'a violation of international law.' The United States joined Israel in attacking Iran in what both countries called a campaign aimed at Tehran's nuclear facilities. It was unclear what nations Mr. Trump's threat applied to. The BRICS group was set up in 2009 to increase the influence of the world's biggest emerging economies. Besides the original members, it now includes Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. Mr. Trump announced stiff tariffs on nearly every trading partner in April. The White House then paused those tariffs for 90 days, until July 9, to try to win concessions, but only two preliminary deals, with Britain and Vietnam, have been announced. It is not the first time that the president has threatened BRICS nations. In June, he warned that if the countries replaced the U.S. dollar as a reserve currency, he would impose a 100 percent tariff. He had first made the threat after winning election last November. The month before that, a report prepared by Russia for a BRICS summit had called for the dollar's central role in global finance to be 'reassessed.'
Forbes
38 minutes ago
- Forbes
Leveraging Gen Z For Mindful Innovation
Deepa Nagraj is the SVP - Global Head of Communications & Sparkle Innovation Ecosystem, at Mphasis. Generation Z, projected to comprise over 25% of the global workforce by 2025, is reshaping workplace dynamics with its distinct values and priorities. Unlike previous generations, Gen Z affirms diversity, sustainability and ethical innovation, expecting employers to reflect these principles in their operations and strategies. At the intersection of this generational shift is the progressive impact of artificial intelligence (AI) on business and society. The rise of tools based on advanced tech like AI tackle critical global issues, from driving sustainability efforts to reforming industries. However, these breakthroughs come with complex environmental, social and governance (ESG) implications that cannot be overlooked. As AI accelerates, its alignment with environmental, social and governance (ESG) goals becomes a business imperative. For forward-thinking companies, the challenge isn't just adopting AI but ensuring that its ESG implications resonate with Gen Z's socially conscious ethos. As Gen Z, a generation deeply rooted in values of sustainability, diversity and ethics, enters the workforce, they are not just employees but catalysts for change. Engaging Gen Zs in the workforce effectively requires strategic foresight. For businesses, the challenge lies in engaging this socially conscious cohort to understand and champion the ESG impact of AI. Doing so requires companies to embrace not just the technology but also the ideals of a generation poised to shape the future, ensuring innovation aligns with purpose and progress. As organizations reimagine corporate engagement, the focus must shift to addressing AI's ESG impact while aligning with Gen Z's values to cultivate a workforce committed to building a sustainable and equitable future. Framing AI Growth In ESG Frameworks According to recent reports, the AI market is projected to reach a phenomenal USD407 billion by 2027. The technology is expected to see an annual growth rate of a staggering 36.3% from 2022 to 2027. A significant percentage of businesses—up to 64%—think artificial intelligence will help increase their overall productivity. Be that as it may, senior leadership across industries is increasingly posed with questions and concerns about the technology's impact on environmental, social and governance (ESG) factors. Companies worldwide are increasingly recognizing that incorporating ESG principles into their operations is crucial for long-term profitability, relevance and resilience. Let's take a look at a few examples of companies that have effectively adopted ESG practices and how these initiatives are poised to positively impact employee and business performance. Environmental: The Foundation Of Sustainable AI The 'E' in ESG stands for environmental factors and is used to gauge how companies conduct themselves while being mindful of their impact on the natural environment. Several companies are, for example, leveraging innovative technologies to reduce their carbon footprint to drive impactful environmental change. Consider global tech company Lenovo's cooling computer technology, a transformative method, that enhances energy efficiency in IT infrastructure. The company has committed to achieving net-zero emissions by 2050 and is collaborating with the Science Based Targets initiative (SBTi) to ensure its climate goals align with global standards. Similarly, American software company Salesforce demonstrates a strong commitment to environmental sustainability through its AI-powered Net Zero Cloud. The software enables businesses to track and reduce carbon footprints with the help of advanced reporting tools, which help align organizations with their environmental goals. Social: Strengthening People And Communities The 'S' in ESG represents the social dimension or the relationships that a company has with its workforce, local communities, clients and the public at large. One of the ways companies can ensure compliance with supporting social interests is by having robust diversity and inclusion practices in place. To this end, some businesses are using AI-driven tools to help monitor workplace diversity and implement unbiased hiring practices. Further, software giants like Microsoft have special strategies like its AI for Good initiative that addresses pressing social challenges, such as public safety, health and education, by deploying AI-backed tools and solutions to enhance operations, access and reach. Governance: Who Governs The Governance? The 'G' in ESG concerns governance factors and includes frameworks that companies conduct their business by, including as a result of the composition of their board, their code of conduct and their perspective on shareholders' rights. In several ways, governance encompasses the systems and processes that define and ensure transparency, fairness and compliance within organizations. As can be seen with AI's rapid advancements, governance struggles to keep pace with innovation. Firstly, multinational companies that would prefer having one uniform rule across regions and countries have to deal with varying regulations in different geographies, which often hinders quick and iterative AI deployment. Secondly, there isn't yet widespread agreement on what should be considered standard and mandatory in terms of AI regulation and what should be decided on a case-by-case basis. This leads to confusion, delays and slow execution. Finally, continuous testing and monitoring of AI tools is critical as more companies across verticals rapidly scale their AI systems. Although companies are aware of this, not all are able to keep pace. However, it is important that the rules around the technology's governance keep pace with its evolution and expansion. As policymakers highlighted recently during the COP24, there is a need to establish frameworks that anticipate tech's impact while companies self-regulate through robust policies. Bridging the gap between advocacy and innovation is going to be vital to ensure governance safeguards both progress and public trust. The paradox of advanced technology lies in its potential for both meaningful progress and unintended consequences. This duality mirrors the very human intelligence AI aspires to emulate. As a species, we thrive in reconciling contradictions—a trait we must now extend to AI. To fully harness AI as a catalyst for ESG, companies must align their capabilities with human values, those which Gen Z holds dear, ensuring its deployment is thoughtful, ethical and impactful. This means embracing its nuances, fostering mindful innovation and prioritizing its long-term societal and environmental consequences. By doing so, we can drive sustainable growth while mitigating risks, building a future where AI enhances—not undermines—shared goals for a better world. Forbes Communications Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?
