Latest news with #RE100
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.
Time of India
04-07-2025
- Business
- Time of India
Startups to giants: India rides the AI wave to sustainability
India is fast becoming a global vanguard in marrying artificial intelligence (AI) with sustainable development. As the world faces mounting climate challenges, the country's businesses, ranging from IT behemoths to climate-tech start-ups, are weaving AI into the fabric of their green goals, making India one of the most AI-active nations in sustainability initiatives. A striking 64% of Indian companies are now actively deploying AI to boost the impact of their sustainability efforts — the highest proportion among surveyed countries, according to IBM's 2024 sustainability readiness study. This isn't just a sign of technological enthusiasm, but of a maturing mindset that places environmental responsibility at the heart of corporate strategy. India's journey is as much about economic transformation as it is about ecological conscience. In 2022–23, the digital economy accounted for nearly 12% of the national income, underlining the country's success in harnessing tech for green growth. Take Infosys, for instance. The IT giant achieved carbon neutrality in 2020 — well ahead of global targets — by using AI and digital tools to drive energy efficiency, adopt renewables, and run offset projects that also benefit rural communities. The company was also the first Indian firm to join the RE100 initiative, committing to 100% renewable electricity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo But it's not just industry titans making waves. India's climate-tech ecosystem now boasts over 800 operational start-ups, which have collectively raised more than $3.6 billion between 2014 and 2024. Among them is Alt Carbon, a venture leading the charge in carbon removal technologies. The company combines geochemical innovation, environmental data platforms, and scientific validation to sequester CO 2 through enhanced rock weathering and soil improvement on farmland. With its cutting-edge platform 'Atlas', Alt Carbon can monitor soil chemistry, water dynamics, and ecosystem health at high resolution, and aims to remove 5 million metric tons of CO 2 by 2030. AI and other emerging technologies like IoT (internet of things), 5G, and blockchain are transforming how Indian enterprises think about sustainability. From resource-efficient smart grids to traceable, ethical supply chains and real-time emissions monitoring, digital tools are offering tangible solutions to previously intractable problems. This momentum is also evident in platforms such as EY's ESG Compass, which supports businesses in navigating ESG (Environmental, Social & Governance) goals through data automation, risk analytics, and benchmarking tools. Such solutions are helping organisations make more informed, sustainable decisions while increasing transparency for stakeholders. Yet, as PM Narendra Modi recently reminded the world at the AI Action Summit 2025, sustainable AI must not merely be powered by clean energy, but also be efficient by design—light on data, lean on compute power, and accessible to the broader developer community. 'After all,' he said, 'the human brain can compose poetry and design spaceships while using less power than most light bulbs.' Indeed, while AI tools are proving their worth, there are pressing concerns that must be addressed — particularly around data privacy, interoperability, and ethical design. Most current sustainability-driven AI tools focus on energy emissions during training, often ignoring emissions during the deployment and inference phases. Moreover, many are tailored for highly skilled developers, limiting access for users relying on APIs or nocode platforms. As The Times of India Social Impact Summit approaches, the conversation is expected to pivot around these very themes: how to scale tech-enabled ESG and CSR (Corporate Social Responsibility) efforts, ensure inclusive adoption, and drive measurable impact. With diverse stakeholders converging, the summit presented by Malabar Gold & Diamonds — Ernst & Young is knowledge partner — aims to serve as a crucible for collaboration and future-ready sustainability solutions. It is being held on July 11 and 12, 2025, in Mumbai.
Korea Herald
01-07-2025
- Business
- Korea Herald
TotalEnergies signs agreement with Daehwa Pharmaceutical in South Korea for a rooftop solar project
SEOUL, South Korea, July 1, 2025 /PRNewswire/ -- TotalEnergies has signed a Solar Power Operating Lease Agreement with South Korean pharmaceutical company Daehwa Pharmaceutical Co., Ltd. to install a 1.8 megawatt-peak (MWp) solar photovoltaic (PV) system. The project will be implemented at Daehwa Pharmaceutical's state-of-the-art production site in Hoengseong-gun, Gangwon-do. The signing ceremony was held at Daehwa Pharmaceutical's Seoul office in the Seocho District, with key representatives from both companies in attendance. Under this 20-year agreement, TotalEnergies will fully invest in, install, operate, and maintain the solar PV system on-site at the premises of Daehwa Pharmaceutical's facilities. The system will comprise over 2,800 solar PV modules and is expected to generate approximately 2,300 megawatt-hours (MWh) of clean electricity annually, equivalent to around 20% of Daehwa Pharmaceutical's current total electricity consumption, avoiding about 1,000 tons of CO 2 emissions annually. Through this collaboration, the two companies aim to replace a portion of the factory's electricity usage with clean energy, contributing to carbon emissions reduction and promoting a sustainable energy transition in compliance with the RE100 initiative. The project is expected to begin commercial operations in the second half of 2025, following the completion of permitting and construction processes. Richard Pullen, Representative Director of TotalEnergies Renewables Projects South Korea, commented: "This agreement stands as a model case of active participation in industrial decarbonization in Korea. Based on our partnership with Daehwa Pharmaceutical, we aim to further expand our renewable energy projects across the country." Eun-Seok Kim, CEO of Daehwa Pharmaceutical, stated, "Through the adoption of this solar power system, Daehwa aims not only to reduce annual energy costs but also to take a meaningful step toward realizing environmentally friendly values by lowering carbon emissions. ESG management is no longer a choice but a necessity, and we will continue to fulfill our role as a responsible company for a sustainable future." About TotalEnergies Renewables Distributed Generation in Asia TotalEnergies Renewables Distributed Generation is a major international provider of fully integrated distributed solar energy solutions, including solar-powered rooftops, carport and ground-mounted solar power plants, with 1.5 GW of projects in construction and operation worldwide. In Asia, TotalEnergies Renewables Distributed Generation is one of the largest and fastest players in renewable energy distributed generation in the region for commercial and industrial customers, with over 200 MW of projects in operation across 10 countries. TotalEnergies and electricity TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. As of the end of March 2025, TotalEnergies has 28 GW of installed gross renewable electricity generation capacity and aims to reach 35 GW by the end of 2025, and more than 100 TWh of net electricity production by 2030. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. About Daehwa Pharmaceutical Co., Ltd., Daehwa Pharmaceutical Co., Ltd., established in 1984 and listed on KOSDAQ in 2003, is a mid-sized Korean pharmaceutical company. It was the first to be certified as an "Innovative Pharmaceutical Company" by the Ministry of Health and Welfare in 2012 and has maintained this status through five consecutive renewals, valid until 2027. The company focuses on formulation technologies such as TDDS, ODF, and improved drugs, as well as natural substance-based dementia treatments. It operates three GMP-certified plants, including a cGMP-level facility for oral anticancer drugs. Key products include oral anticancer medication (Liporaxel®), topical treatments, analgesics, and HA filler 'Amalian' from its German subsidiary. Daehwa also provides OEM manufacturing of medical patches and is committed to ESG practices with multiple ISO certifications. TotalEnergies Contact Daehwa Pharmaceutical Co., Ltd., Contact Media Relation: Jihoon Ko (jihoon@ TotalEnergies on social media Cautionary Note TotalEnergies The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Time of India
18-06-2025
- Business
- Time of India
Corporate net zero goals backed by data, governance and sustainability KPIs: Industry leaders at ET India Net Zero Forum 2025
New Delhi: Top Indian and multinational firms are embedding ESG and net zero targets into core operations, backed by measurable key performance indicators and structured governance, company executives said at the ET India Net Zero Forum 2025. Ankit Todi, Chief Sustainability Officer, Mahindra Group, said, 'The conversation on sustainability and net zero differs across sectors, but for us, it began with a simple question—how do we build planet-positive businesses? At Mahindra, that means integrating emission reduction, water conservation, waste management and material circularity into our core operations. We've been water positive since 2014, and aim for zero waste to landfill across all sites.' He added, 'We are focused on making our manufacturing as well as non-manufacturing sites zero waste and also undertake circularity of materials utilised. Sustainability measures should not be looked upon as expense.' Taruna Saxena, Head of Sustainability & Societal Initiatives, Nestlé India, said the company began its net zero journey in 2020 with a 2050 target. 'It is backed by strong governance, internal carbon pricing, and task forces across high-emission areas. Sustainability is now embedded into our global operations and tracked quarterly through clear KPIs,' she said. 'We set a target to cut emissions by 20% from our 2018 baseline by 2025—and we've already achieved it globally, despite strong market growth. Now, we're working toward a 50% reduction by 2030, closely monitoring progress across all markets,' Saxena said. She also noted that Nestlé has created sustainability cadres across business units and follows an operational master plan. Arvind Talan, Chief Financial Officer, Energy Efficiency Services, said growing awareness is being matched by action. 'Offshore wind was unheard of in India, but we now have our first 500 MW tender. Nuclear energy too has received a boost, with over ₹20,000 crore earmarked in the recent budget. These are capital-intensive areas, but the intent is clear—public and private sectors are coming together, and I'm confident we'll achieve our target of net zero 2070.' Ranjan Kumar, Director - Legal, Sustainability & Corporate Affairs, SKF India, said that integrating net zero targets into the company's ESG framework helps drive impact. 'In our net zero journey at SKF, we focus on three key metrics—carbon emissions, energy efficiency, and renewable conversion. We've aligned these with global standards like RE100, ISO 50001, and GHG protocols. This alignment strengthens our data, enabling informed decisions and building stakeholder confidence.' He added, 'ESG compliance is a strongly data supported framework. ESG framework which is data driven helps us take informed decisions which are reliable and accurate.' Ashok Kumar Shrivastava, Centre of Excellence – Head IMS & Sustainability, Reliance Jio Infocomm, said the company has expanded clean energy adoption and waste recycling. 'This year, we recycled 1,655 metric tonnes of non-hazardous waste for energy use and installed 23,600 distributed solar systems, generating 2.18 lakh MWh annually and reducing 5.9 lakh tonnes of CO₂ emissions. Our energy efficiency programme alone saved 1.25 lakh MWh in FY 2023–24,' he said. The panel discussion on 'Integrating ESG with Net-Zero Commitments: Corporate Leadership in a Changing World' showcased how businesses are designing long-term sustainability strategies that are aligned with national climate goals and global reporting standards.
Associated Press
04-06-2025
- Business
- Associated Press
Leading by Example: Sustainable Growth in La Crosse
We're leading by example through responsible operations, reimagining our systems and taking action to have a restorative impact on the environment. Project At-a-Glance: The opportunity for La Crosse As capacity for data centers continues to grow, so does demand for our sustainable technology. At our manufacturing center in La Crosse, Wisconsin, we are meeting customer demand for high-efficiency chillers while reducing the environmental impact of our operations. The challenge: grow sustainably. The solutions: Sustainability outcomes: Watch this video to learn more about sustainable growth in La Crosse. Sustainability is our strategy—in La Crosse and all across Trane Technologies. Our growth is directly linked to our bold 2030 Sustainability Commitments to significantly reduce carbon emissions for our customers, to reduce our own environmental impact and to uplift people and communities by creating opportunities for all. Our La Crosse, Wisconsin, facility—where Trane was founded more than 100 years ago—is helping lead our business into the future with investments and innovation across our broad-based approach to sustainability. We are showing that you can be a growth company, meet your big sustainability commitments and add value to your customers by helping them meet theirs. 'We have to continue focusing on our roots and providing reliability to our customers,' said Tom Gallant, Vice President of Engineering & Technology, Commercial HVAC Americas. 'At the same time, we're trying to find ways to push ourselves and take more risks. I see the team's mindset shifting every day. We really are a technology company that heats and cools buildings.' Improving environmental sustainability with innovative technology The La Crosse team is reducing the environmental impact of our operations through multiple strategies, including renewable energy use, zero waste to landfill and decreasing water use and emissions. One hundred percent of the electricity used at our La Crosse facility is generated from renewable sources, making it an official RE100 operation. Trane Technologies is a member of RE100, the global renewable energy initiative bringing together businesses committed to using 100% renewable electricity. The La Crosse team achieved this milestone in October 2024 through a five-year power purchase agreement with Xcel Energy. As of November 2022, the site has achieved zero waste to landfill. The team is diverting industrial waste and scrap material—without disrupting production—to partners who fully recycle the materials or convert combustible items to energy. The La Crosse facility is Trane Technologies' largest single user of water for our global operations. Beginning in 2022, a cross-functional team began a multi-year effort to streamline our operations to reclaim and reduce water usage, resulting in a 20 percent reduction in the company's overall water use in 2023. In the research and development (R&D) laboratory, water is recycled through a cooling tower, reducing the downtime of the chiller system and reducing water usage by 37 million gallons in 2023 compared to the prior year. In the training center, we are using our own technology to reduce water use and emissions. There, water is recycled through a thermal battery storage source heat pump system, a first-of-its-kind solution to advance electrified, low-carbon heating in buildings, including in climates below zero degrees Fahrenheit. Commonly referred to as ice storage, the system converges four proven technologies to accelerate building decarbonization: thermal energy storage ice tanks, air-to-water heat pumps, all-electric chiller-heaters and intelligent controls. The new system saved 15 million gallons of water in 2023—a reduction of 85% from the prior year. The system is estimated to reduce the overall energy intensity of the building by 28%. Going forward, we expect to save 30-40 million gallons of water annually and cut carbon emissions by approximately 21 mtCO2e every year. Over the last five years, La Crosse's projects to reduce water use decreased our company's total water consumption by nearly half. The La Crosse team continues to find ways to contribute to our Leading by Example commitment, most recently introducing a plan to install geothermal bore field technology to fully electrify heating and cooling of an engineering building on the campus. Innovating for customers in high-growth sectors One way we're innovating for impact in La Crosse is through our developments for high-growth sectors, such as the semiconductor and global data center market, where capacity is projected to nearly double by 2027. Data centers and semiconductor manufacturing require precise cooling and humidity control, so as capacity increases, so will the demand for chillers. To keep up with this demand, the team in La Crosse built a new manufacturing line for CDHH CenTraVac® water-cooled chillers. This highly automated production line can handle many types of chillers, including our CDHH CenTraVac duplex with heat recovery, which is perfect for buildings with simultaneous heating and cooling load. The heat recovery option captures heat from the condenser, allowing the customer to employ an electrification solution for decarbonization. Trane CenTraVac chillers offer additional energy-saving options like non-reversible heat pump chiller capabilities, thermal storage down to 20°F (-6.7°C), and integrated free cooling. These features benefit the environment and can often pay for themselves through reduced water consumption, lower heating and ancillary power consumption, and decreased operating costs. 'We have been serving the high-tech market for a long time, and because of technologies like artificial intelligence, demand is growing,' Tom explained. 'What sets us apart is that we make the largest capacity units at the highest efficiency level with a low global warming potential refrigerant.' Investing in our people through training Our success is driven by our people. We are creating an inclusive, uplifting culture where people feel they can belong and can boldly share their ideas. We invest in the well-being and career development of our team members so they can thrive. La Crosse is home to our Graduate Training Program (GTP), a six-month intensive program that develops deep HVAC expertise. With a legacy dating back nearly 100 years, GTP is the foundation of our technical leadership, producing industry-leading account managers and sustainability champions. We also provide advanced training in welding and other essential skills to support manufacturing excellence. Employees can earn certifications, gain hands-on experience, and advance their careers within Trane Technologies. Additionally, we are expanding a dedicated space for operational and technician training to further develop talent and modernize skills to match the latest technology. Committed to our community La Crosse employees are deeply engaged in the community, especially around sharing our expertise in STEM and environmental stewardship. The La Crosse Inclusion Community Network (LINC) leads volunteer initiatives, including STEM education programs at the Boys & Girls Club and the Great River Community Clean-Up, which mobilizes over 120 employees annually. The facility also supports local STEM education, hosting Engineers Week, volunteering with Project Scientist, and sponsoring the Seven Rivers Robotics Regional Competition. Additionally, Trane Technologies contributes to the Trane All Abilities Park, the community's first inclusive playground, and a new exhibit, coming soon to the La Crosse Children's Museum, designed to educate children about HVAC technology and innovation. A legacy of sustainable growth In La Crosse, and across Trane Technologies, sustainability is not an offshoot of our strategy. It is our strategy and what is driving our growth. The team in La Crosse is continuing to deliver innovative technologies for our customers while reducing the environmental impact of our operations—both by orders of magnitude. 'What makes La Crosse special is that we have multiple generations of families who have worked here,' said Tom Gallant, Vice President of Engineering & Technology, Commercial HVAC Americas. 'There is a legacy of innovation we have to live up to every day, and there is so much opportunity. From an engineering standpoint, it's exciting to work on solving problems that have an impact not only on this community, but our country and the world.' Explore how we are growing through sustainability and innovation in our 2024 Sustainability Report. Visit 3BL Media to see more multimedia and stories from Trane Technologies
