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Korea Herald
19 hours ago
- Business
- Korea Herald
CGS International Accelerates Sustainability Efforts and Unveils Second Sustainability Report
SINGAPORE, July 23, 2025 /PRNewswire/ -- CGS International Securities Pte Ltd ("CGS International") has published the second edition of its sustainability report, reaffirming its commitment to sustainable practices in its business and operations. The 2024 Sustainability Report is aligned with globally recognised sustainability reporting standards, Global Reporting Initiative ("GRI"), as well as the International Financial Reporting Standards S2 on climate-related disclosures. "CGS International remains committed to future-proofing our business by embedding sustainability in our strategy. We are focused on creating long-term value for our stakeholders and giving back to the communities we serve. At the same time, we continue to facilitate capital flows between China and ASEAN, some of which could be channeled to sustainable development areas that address climate and biodiversity risks in the ASEAN region," said Ms Carol Fong, Group CEO of CGS International. Promoting Bilateral Relations and Mutual Growth In an increasingly fragmented and volatile global economy, it is important for Asian countries to forge closer regional cooperation to increase collective influence and trade resilience. The Group strengthened its role as a China-ASEAN nexus, facilitating not only capital flows, but also bilateral relations. In 2024, several high-impact conferences were organised across Southeast Asia and China, including the CGS SEA Bilateral Investment Forum 2024 in Hainan, which brought over 300 business leaders from China and ASEAN together. The Group also fostered closer relations between China and Malaysia, including a letter of intent between the governments of Hangzhou and Kuala Lumpur, and hosting high-level delegates to deepen bilateral cooperation. A notable initiative within the Group was the launch of a secondment programme between CGS International and its parent company, China Galaxy Securities, with the aim to facilitate cross-cultural exchanges and strengthen intra-group ties. Deepening ESG Integration Across the Group The 2024 report highlights meaningful progress across the Group's 8SF areas and marks a milestone in its Vision 2025 Strategy and Business Plan, the five-year roadmap that places sustainability at the heart of its strategic direction: In 2024, CGS International advanced its "Sustainable Finance" focus by introducing the ESGIF, developed and endorsed by the Group's Sustainability Committee. This framework aims to provide direction and harmonisation for the development of ESG products and services. It establishes clear mechanisms for measurement, tracking, and reporting to support strategic decision-making. Furthermore, CGS International's Malaysia office launched ESG Margin Financing to promote investment in companies with strong ESG performance. Customers investing in constituents of the FTSE4Good Bursa Malaysia Index with high ESG ratings received preferential financing rates, with total loans extended reaching RM4.88 million. The Group's presence in Shariah-compliant markets across ASEAN also drove over S$6 million in revenue from faith-based products. Fostering Collaborative Impact "At CGS International, we believe that knowledge sharing and collaboration are essential to driving meaningful progress on critical sustainability issues. By working closely with our partners and stakeholders, we aim to create a stronger collective catalyst for sustainable finance across Southeast Asia, and mobilise the industry towards greater climate action across ASEAN," said Mr Kevin Lee, Group Head of Sustainability. One such initiative is the ASEAN Institute of Carbon Neutrality ("AICN"), launched in late 2023. AICN aspires to mobilise capital towards sustainable development in the ASEAN region to address issues such as climate change. This is done through education and engagement with the business community on sustainability issues through knowledge sharing and thought leadership. The AICN has collaborated with the Sustainable and Green Finance Institute ("SGFIN") from the National University of Singapore since 2024, which resulted in two white papers published on the topics, Just Energy Transition Partnership in Indonesia and Renewable Energy Imports for Singapore. AICN also hosted two webinars on related topics in 2024, including one on nature-related risks for corporates. In the pipeline are three joint research reports with SGFIN in 2025. - END - About CGS International Securities CGS International Securities Pte. Ltd. ("CGS International") is an award-winning and market leading integrated financial services provider, ranked among the top securities houses in Asia. CGS International taps on our wealth of global and ASEAN insights to offer equities trading, leveraged products, wealth management, investment banking, equities research, Shariah-compliant financing, fixed income, currency and commodities, structured products and prime brokerage services in over 15 countries and regions. Along with its parent organisation China Galaxy Securities, a leading securities house in China, CGS International is trusted by close to 18 million customers globally.
Business Wire
a day ago
- Business
- Business Wire
Valeo Foods Highlights Significant Strides in Sustainability with Release of 2025 Annual Report
LONDON--(BUSINESS WIRE)--Valeo Foods Group, one of Europe's leading producers of quality sweets, treats and snacks, has today announced the release of its 2025 Sustainability Report, detailing the company's commitments and progress across key environmental, social, and governance (ESG) priorities. The report underscores Valeo Foods' ongoing efforts to integrate sustainability into every aspect of its business, from reducing greenhouse gas emissions to advancing inclusion and safety in the workplace. The report is structured around Valeo Foods' five core sustainability pillars: Planet, People, Producers, Partners and Products and details significant achievements over the past year including: Our Planet: 71% of the electricity powering our manufacturing sites now comes from renewable sources. We continue to invest in energy efficiency across all our facilities. Our People: 70% of our colleagues currently have access to an Employee Assistance Program, with full coverage planned for next year. Our Producers: 100% of the palm oil we use is fully traceable, and we are actively transitioning to ensure all our direct cocoa and coffee are deforestation-free. Our Partners: This year, we donated 148 tonnes of food to support communities in need. Our Products: 99% of our packaging is now recyclable, reinforcing our commitment to a circular economy. 'Our 2025 Sustainability Report, prepared with reference to the Global Reporting Initiative (GRI) Standards reflects our dedication to transparency and accountability,' said Ronald Kers, Group CEO of Valeo Foods. 'While we are proud of the progress we've made, we recognise that sustainability is a continuous journey. We remain committed to driving positive impact for our stakeholders, the environment, and future generations.'
Business Wire
2 days ago
- Business
- Business Wire
Afya Limited Releases 2024 Sustainability Report
BELO HORIZONTE, Brazil--(BUSINESS WIRE)-- Afya Limited (Nasdaq: AFYA; B3: A2FY34) ('Afya' or the 'Company'), the leading medical education group and medical practice solutions provider in Brazil, announces the release of its 2024 Sustainability Report. The document, which presents Afya's trajectory throughout 2024, follows the Global Reporting Initiative (GRI) standards and is aligned with the Sustainable Development Goals (SDGs). It also reports specific indicators from the Sustainability Accounting Standards Board (SASB) and elements of the International Integrated Reporting Council (IIRC). The sustainability report contains some of the results of the fifth Greenhouse Gas (GHG) Emissions Inventory. Both of which have undergone individual audits by KPMG. The report is divided into two publications a narrative document and a technical annex in Excel format, which addresses all GRI and SASB indicators. Afya's 2024 Sustainability Report is available at: About Afya Limited (Nasdaq: AFYA, B3: A2FY34) Afya is a leading medical education group in Brazil based on the number of medical school seats, delivering an end-to-end physician-centric ecosystem that serves and empowers students and physicians to transform their ambitions into rewarding lifelong experiences from the moment they join us as medical students through their medical residency preparation, graduation program, continuing medical education activities and offering medical practice solutions to help doctors enhance their healthcare services through their whole career.
Korea Herald
10-07-2025
- Business
- Korea Herald
JB Financial marks W4.8b social return in ESG report
JB Financial Group released its 2024 annual report Thursday, showing achievements in clean energy financing, climate risk management and community investment totaling nearly 4.8 billion won ($3.5 million) in social impact. As part of its push for sustainability, JB's two regional banking units, Jeonbuk Bank and Kwangju Bank, became the first in the country to sign direct renewable energy power purchase agreements. They also rolled out new green loan products designed to support companies committed to the RE100 initiative, a global campaign that urges firms to source 100 percent of their electricity from renewables. The report comprises the group's non-financial performance across four priority areas: climate action, community engagement, consumer protection and risk management. It includes third-party verified data aligned with global standards such as the Global Reporting Initiative, the Sustainability Accounting Standards Board and the International Financial Reporting Standards. In the social sector, JB said it expanded local community programs, with the social return on investment of its core 2024 projects measured at 1.8 times, or some 4.77 billion won in impact. The group received an A rating from the Korea Institute of Corporate Governance and Sustainability in 2024 and was included in the Dow Jones Sustainability Korea Index, reflecting growing recognition of its ESG leadership. 'JB Financial will continue driving social change through finance while staying true to our identity as Korea's top small but strong financial group,' a company official said.
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
ADIB Egypt publishes second sustainability report for 2024
In a move that reaffirms its leadership in sustainable Islamic banking, Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has released its second annual Sustainability Report for 2024, aligning with the Global Reporting Initiative (GRI) Standards. Covering the period from January to December 2024, the report outlines the bank's performance across environmental, social, and governance (ESG) domains. It offers a transparent and comprehensive view of ADIB Egypt's current sustainability practices and their integration into its broader corporate strategy—underscoring the bank's commitment to supporting Egypt's transition to a green and sustainable economy. The report reflects ADIB Egypt's full embrace of sustainability and sustainable finance principles, which have become vital benchmarks in evaluating financial institutions at both local and international levels. It also highlights the bank's positioning as a regional sustainability leader—a reputation recognised through several prestigious international awards and accolades. Regional Recognition and Leadership ADIB Egypt received five international awards in 2024, acknowledging its advanced standing in sustainable finance. In addition, CEO and Managing Director Mohamed Ali was honoured by the League of Arab States as one of the Arab region's most influential sustainability leaders, in recognition of his role in embedding a sustainability-first culture within the financial sector. 'Sustainability is a core pillar of our corporate strategy,' said Ali. 'The release of our second Sustainability Report in accordance with GRI Standards affirms our long-standing commitment. The report reflects our efforts to integrate sustainability indicators into every level of our operations and to adopt sustainable finance as a practical framework.' He added that the bank's global recognition reflects its success in aligning Islamic banking principles with sustainability objectives, reinforcing its status as a responsible financial institution that actively contributes to community development, environmental protection, and economic advancement. Key ESG Initiatives and Milestones As part of its growing commitment to ESG principles, ADIB Egypt implemented a number of impactful initiatives in the first half of 2025: Carbon Footprint Reporting:The bank issued its fourth Carbon Footprint Report, reaffirming its environmental responsibility and ongoing efforts to reduce emissions and promote eco-friendly practices. Public Engagement in Climate Action:ADIB Egypt sponsored Egypt's largest public race, organised in collaboration with the British University in Egypt. With over 7,000 participants, the event supported the United Nations' Sustainable Development Goal (SDG 4) on quality education. Climate Governance Participation:The bank joined the Chapter Zero Egypt initiative, reinforcing its commitment to advancing environmental governance and climate action. Community Investment:Through its charitable foundation, the bank continues to invest in community-focused initiatives that generate tangible social impact. These include programmes targeting economic empowerment, educational support, and broader financial inclusion—especially for vulnerable groups. ADIB Egypt's 2024 Sustainability Report not only documents progress but also sets the foundation for future ambitions in line with national priorities and global climate and development goals. The bank reaffirmed its pledge to remain at the forefront of sustainable Islamic finance in Egypt, continually advancing its ESG agenda while contributing meaningfully to the country's long-term economic and social development.
