The company said in a press release that its sixth sustainability report demonstrates how its commitments and measures are helping the company drive meaningful improvements across the entire industry and achieve its vision to be the world’s most trusted seafood leader. The report details how Thai Union is pursuing solutions for the significant challenge facing the industry, with a continued focus on four key programs: safe and legal labour, responsible sourcing, responsible operations and people and communities. “Sustainability is a never-ending challenge. In the seafood industry those challenges can be vast in their scope. But with every challenge comes opportunity, and Thai Union works tirelessly to be at the forefront of positive change,” said Thiraphong Chansiri, CEO at Thai Union. “I am very proud of our continued progress in 2018.” With sustainability at the heart of Thai Union’s business, the Sustainability Report is now also more … [Read more...] about Thai Union releases sixth annual sustainability report
Sustainability
Public Bank sustains earnings growth
PETALING JAYA: Public Bank Bhd’s net profit for the first quarter ended March 31 rose marginally to RM1.410 billion from RM1.405 billion a year ago driven by healthy loan and deposit growth. The group said in a statement today that it achieved 4.8% annualised growth in its total domestic loans and 4.9% annualised domestic deposit growth during the quarter, despite the challenging banking landscape. Total gross loans grew at an annualised rate of 3.9%. The loan portfolio expansion was driven by residential properties financing as well as lending to small and medium enterprises (SMEs) and corporate customers for the purchase of commercial properties and for working capital. The group approved RM13.4 billion loans in total during the quarter, of which 57% was granted to retail consumers and 20.3% for SMEs. In terms of non-interest income, Public Mutual remained the largest contributor with a total of 148 unit trust funds under its management, translating into a total net asset value … [Read more...] about Public Bank sustains earnings growth
News How sustainability spells profitability for companies
MANILA – Companies should hasten sustainability efforts to ensure long term profitability, an environmentalist said Monday. There will be no economy to speak of if cities are underwater and if there are more massive storms because of the world's failure to reduce carbon emissions, "The Big Pivot" author Andrew Winston told Cathy Yang in an exclusive interview for ANC’s The Boss. Having zero carbon emission is not just good for the environment, it also positions the company for long term profitability, he said. "Sustainability should be under the same kind of demands that you make of a marketing investment or research and investment, it should face the same sort of scrutiny," Winston said. Green technologies such as solar energy, or electric vehicles need to improve and achieve scale, he said. Consumers and companies should demand for policies that promote climate action, he said. Millennials who grew up with technology measure a company's success through environmental … [Read more...] about News How sustainability spells profitability for companies
Ensure environmental sustainability of the ECRL
WE refer to the announcement by the government on the renegotiated East Coast Rail Link (ECRL) project. We welcome the news that the new alignment will no longer cut through the Main Range and any possible impacts to the Klang Quartz Ridge will be avoided. We also welcome the fact that the nation will be saving RM21.5 billion or more through the renegotiations. In an interview published on March 31, Tun Daim Zainuddin, who led the renegotiations, was quoted as saying that projects that were deferred or cancelled post-GE14 must be restarted as decided by the Cabinet, as long as the cost is lowered but with the same specifications. Therefore, in reducing the costs of the project, we hope that the specifications to avoid or reduce environmental impacts of the project will not be compromised. The specifications included incorporating tunnels and elevated tracks to avoid and reduce forest fragmentation. Based on the Environmental Impact Assessment (EIA) which was carried out in 2017 for the … [Read more...] about Ensure environmental sustainability of the ECRL
Push for sustainable travel to save the planet
While results were relatively consistent across ages, almost three-quarters (74 per cent) of 46-55 year olds believe most strongly that this is needed, followed by millennials at 71 per cent. The views expressed by travellers across the world are timely, considering the special report that the UN Intergovernmental Panel on Climate Change (IPCC) issued in 2018. The report warned that the world has just over a decade to restrict global warming to 1.5 degrees Celsius above pre-industrial levels, beyond which the risk of floods, droughts and extreme heat will significantly worsen. Eco-mmodation Consistent with overall intentions to make more sustainable travel choices, sustainable stays are growing in popularity, with almost three-quarters (73 per cent) of global travellers intending to stay at least once in an “eco-friendly” or “green” accommodation when looking at the year ahead. This is the fourth consecutive year that Booking.com research has seen … [Read more...] about Push for sustainable travel to save the planet