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Telos’ Decentralization Rivals that of Bitcoin and Ethereum

Telos shows that decentralization is measured in more than just node count

New York, US – News Direct – 20 April 2022 – Telos Blockchain (ticker: TLOS), the world’s most robust and decentralized ESG compliant layer 1 platform and home to the world’s fastest, highest capacity EVM (tEVM), derives credible neutrality and decentralization from at least 42 equally distinct validating nodes compared to the much smaller number of major mining pools securing Bitcoin and Ethereum.

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After a thorough competitive analysis comparing Telos’ decentralization to the decentralization of many of the other top Layer 1 chains, the Foundation has confirmed its assumptions. Based on validator equality and crucial factors regarding architecture and finances, the team confirmed that Telos is indeed one of the leading chains regarding credible neutrality and decentralization.

As mining pools lack equality, massive node counts become irrelevant: As depicted in the pie charts above, Telos, via its governance, has maintained an equitable distribution amongst all its active validators and Bitcoin and Ethereum have not. Instead, the mining pools of both Bitcoin and Ethereum have now become centralized. The hypothesis is that over the years the well-funded pools have overtaken the little ones. Despite the substantial number of nodes, to be a credibly neutral peer-to-peer network, the network must also sustain even splits in validator power / responsibilities. Without this equality, the insulating strengths of decentralized peer-to-peer networking becomes significantly degraded. A decentralized network made up of equitable validators adds a powerful layer of insulation against multiple scenarios. For example, a multi-government coalition could potentially implement disruptive regulations or restrictions on blockchain. If only a handful of validators / mining pools need to be targeted, it becomes much easier for those governments to impose their will and degrade the insulation that a peer-to-peer network is supposed to provide. In fact, an event far smaller than this could instantly interrupt some chains from operating as they intended. However, the problem is not just limited to government interference. It is also the potential of a coalition amongst the validator majority that threatens the decentralization and stability of a chain. Despite having many nodes, it appears that for Bitcoin it would take only ~5 large mining pools to form a majority, only ~4 for Ethereum and 22 for Telos (as depicted in the pie charts above). Aside from this significant (4x to 5x) difference, it is also worth noting that the community fairly votes the Telos validators into active slots vs Bitcoin / Ethereum in which the mining pool’s principles are anonymous and can simply buy their way into a majority position. Hence, the centralization and lack of credible neutrality that has now formed. Credible neutrality cannot exist in an environment in which control and influence is exerted by small groups of well-funded people. This move towards validator centralization also leads to neutrality questions that are impossible to answer. For example, are the validator majorities’ ambitions in line with what is best for the chain or themselves? To put the potential gravity of this into perspective one needs to understand that the principal/s of a majority sized mining pool can easily be a crime syndicate, and no one would know about it due to the anonymity. In fact, all the major mining pools can hypothetically be owned by crime syndicates, and no one would ever know. In contrast to this, with chain-governed validator equality and ongoing fair community voting, these credibility and neutrality questions are simply non-existing issues. In fact, all these chain degrading scenarios are exactly what the Telos architecture and governance have insulated against. As a chain’s validator network becomes unequal in size; the more it will move towards centralization, the more its neutrality will become biased and the more these chain breakdown scenarios may become a reality.

Insider allocation cost blockchain’s their credible neutrality: Being that Telos was a 100% bootstrap project (95% of the coins airdropped to the community, 5% were used as equal pay to the almost 150 contributors, no insider handouts, and no ICO), the team already knew that its insider allocation was at the same level as Bitcoin’s beginnings, zero. Telos is the only L1 chain besides Bitcoin to have ever reached this stage of maturity while still maintaining zero insider allocation. All the other L1 chains are believed to be centralized and unable to become credibly neutral public infrastructure due to their insider allocation (click here to see). With this being noted, these chains will most likely never be utilized by governments as a legal tender and dApps depending on this infrastructure will never be 100% insulated by the full power of credible neutrality and decentralization.

Telos Decentralization: Since its inception, the validators of the Telos Blockchain are both equally sized and regionally / globally diversified. Plus, no ungoverned wallet is known to hold more than 2% of the chain. From chain architecture to finances, decentralization and neutrality are of the highest priority for the chain. Over the last 4 years, Telos has grown into a truly utopian blockchain option for both private and public infrastructure. It is ludicrously fast, very inexpensive, extremely energy efficient, credibly neutral, non-congested, super easy to deploy on and the only chain that fully insulates the public from the front running / MEV that is plaguing Ethereum.

Decentralization Highlights:

  • Telos is the only third generation layer 1 blockchain to have never done an ICO [initial coin offering] and this non-action alone insulates the chain greatly regarding insider collusion and the SEC security law suits. Telos, at its inception, electively chose to stay a bootstrap project and rise in the same fashion as Bitcoin. All other third generation layer 1 chains (including Ethereum) have done ICOs and will more than likely be forced to file with the SEC as securities. The former and current SEC Chairman have both expressed that every ICO [initial coin offering] they have seen are indeed securities, that they have jurisdiction, and that federal securities laws apply.
  • The validating architecture of other networks might be structured via peer-to-peer architecture, but they are not credibly decentralized due to the distribution of monetary / voting / validating power. Again, insider allocation is non-existent and as you can see above in the pie charts depicting validator decentralization, Telos Validators are proportionally equal.
  • Telos governance has the fairest voting system in existence, called Telos Decide. It is tamper-proof and secured by the Tlos coins that investors own. A coin holder can vote on behalf of the coins they hold and rely on outcomes that do not require any further human involvement. No other Layer 1 offers this level of automated community fairness. Especially because the Telos governance documents may be dynamically amended by the votes of the coin holders in a process that is entirely controlled by on-chain smart contracts.

Governments, investors, dApp creators, and end users need not forget that the fundamental features which bring the most value to blockchain are credible neutrality and decentralization. With credible neutrality and decentralization the following attributes are all significantly enhanced:

  • Utility Redundancy
  • Security / Trust
  • Individual Financial Independence
  • dApp Sovereignty
  • Fair Voting
  • Legal Tender

The actions and inactions of Telos are driven by the belief that the public and private sectors require credibly neutral blockchain infrastructure in a third-generation capable format. Credible neutrality, ludicrously fast speeds, energy efficiency, and super low-cost transactions make Telos the perfect crypto currency for the global internet and for the people.

About Telos

Live since 2018, (ticker: Tlos) is a third-generation smart contract platform that offers compatibility with Solidity, Vyper and Native C++ smart contracts. Telos provides full EVM/Solidity support with fixed low-cost gas fees and no front running. Uniquely, Telos also offers a path to fee-less transactions via its robust native C++ smart contract support. Utilizing less than 0.000002 kWh per transaction, the chain can sustainably support hundreds of millions of transactions per day, produce blocks in 0.5 second intervals on a first-in-first-out basis (eliminating front running on the network) and securely validate transactions via a credibly neutral and globally decentralized block producer network. The Telos Blockchain has the throughput needed to facilitate and scale the thriving Metaverse / Web 3.0 better than any other blockchain. Its performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, credible decentralization, and end-user fairness. Telos, harnesses its power by utilizing tight C++ on the frontend and a custom WASM runtime environment on the backend.

About The Foundation

The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications.

Sunlight Real Estate Investment Trust Operational Statistics for the Third Quarter of the Financial Year 2021/22

HONG KONG SAR – Media OutReach – 20 April 2022 – Henderson Sunlight Asset Management Limited (the “Manager“), as manager of Sunlight Real Estate Investment Trust (“Sunlight REIT“), announces the operational statistics of Sunlight REIT for the third quarter of the financial year 2021/22.

At 31 March 2022, the occupancy rate of Sunlight REIT’s portfolio exhibited a mild improvement to 95.0% (31 December 2021: 94.5%). Office occupancy rate increased from 93.3% at 31 December 2021 to 94.3%, while retail occupancy rate dropped slightly to 96.6% (31 December 2021: 97.1%).

The overall passing rent of Sunlight REIT’s portfolio was HK$45.8 per sq. ft. at 31 March 2022 (31 December 2021: HK$46.1 per sq. ft.). Reflecting the still challenging business environment, the office and retail portfolio registered negative rental reversions of 7.6% and 7.0% respectively for the quarter under review.

At 31 March 2022, Dah Sing Financial Centre registered a steady occupancy rate of 91.4% with a passing rent of HK$42.9 per sq. ft.. Meanwhile, Strand 50 continued to benefit from the successful transformation into a top-notch Grade B office building in Sheung Wan, registering an improvement in occupancy rate to 97.7% with a passing rent of HK$32.3 per sq. ft.. On the Kowloon side, occupancy rate of The Harvest rebounded to 80.4% after the move-in of new beauty parlours; however, given the prolonged pandemic situation, the rent void period for its vacant areas would be longer than previously anticipated.

On the retail front, Sheung Shui Centre Shopping Arcade (“SSC“) and Metro City Phase I Property recorded occupancy rates of 94.8% and 98.0% at 31 March 2022 respectively, while their corresponding passing rents were HK$100.2 per sq. ft. and HK$55.1 per sq. ft.. However, the vacancy rate of SSC is expected to rise in light of the departure of a kindergarten tenant which currently takes up approximately 7.5% of its gross rentable area.

Remarks: Attached operational statistics of Sunlight REIT for the third quarter of the financial year 2021/22.

Operational statistics for the third quarter of the financial year 2021/22

Property Location Occupancy Rate (%) 1 Passing Rent (HK$/sq. ft.) 2
at 31 Mar 22 at 31 Dec 21 at 31 Mar 22 at 31 Dec 21
Office
Dah Sing Financial Centre Wan Chai 91.4 91.6 42.9 43.0
Strand 50 Sheung Wan 97.7 94.1 32.3 32.2
The Harvest Mong Kok 80.4 66.4 37.2 36.3
135 Bonham Strand Trade Centre Property Sheung Wan 96.8 94.7 27.3 27.5
Winsome House Property Central 100.0 100.0 39.6 39.5
Righteous Centre Mong Kok 100.0 100.0 34.4 34.2
235 Wing Lok Street Trade Centre Sheung Wan 92.3 95.6 20.0 20.2
Java Road 108 Commercial Centre North Point 100.0 100.0 25.0 25.1
On Loong Commercial Building Wan Chai 100.0 100.0 27.6 30.3
Sun Fai Commercial Centre Property Mong Kok 100.0 100.0 21.5 21.4
Wai Ching Commercial Building Property Yau Ma Tei 100.0 97.2 17.2 17.3
Average 94.3 93.3 35.3 35.4
Retail
Sheung Shui Centre Shopping Arcade Sheung Shui 94.8 94.6 100.2 100.8
Metro City Phase I Property Tseung Kwan O 98.0 99.3 55.1 55.2
Kwong Wah Plaza Property Yuen Long 97.0 97.0 52.2 53.6
Beverley Commercial Centre Property Tsim Sha Tsui 82.5 82.5 30.8 30.8
Supernova Stand Property North Point 100.0 100.0 57.2 57.2
Average 96.6 97.1 68.0 68.4
Average 95.0 94.5 45.8 46.1

Notes :
1. Calculated on the basis of occupied gross rentable area (“GRA“) as a proportion of total GRA on the relevant date.
2. Calculated on the basis of average rent per sq. ft. for occupied GRA on the relevant date.

About Sunlight REIT

Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission and constituted by the amended and restated trust deed dated 10 May 2021 (the “Trust Deed“). It offers investors the opportunity to invest in a diversified portfolio of 11 office and five retail properties in Hong Kong with a total gross rentable area of over 1.2 million sq. ft.. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.

About the Manager
The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.

Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.

#SunlightREIT

The issuer is solely responsible for the content of this announcement.

Government of Japan and UNFPA partners to launch a Safer Cities Initiative

Government of Japan and UNFPA partners launch a Safer Cities Initiative( photo: UNFPA Laos).

The government of Japan pledged 833,333 USD to the United Nations Population Fund (UNFPA) to implement: Safer Cities: Interventions against Covid-19 focusing on WASH and Protection for communities at risk.

PolyU study finds south China has become more vulnerable to flash droughts that develop in a shorter time amid climate change

HONG KONG SAR – Media OutReach – 20 April 2022 – Hong Kong and other southern parts of China are known to be vulnerable to typhoons, rainstorms and floods. But a new study by researchers at The Hong Kong Polytechnic University (PolyU) has shown a growing risk of flash droughts that has been overlooked; these droughts are also developing at a faster rate in the region and the rest of the world amid climate change.

A research study on flash droughts, led by Dr Wang Shuo (left), Assistant Professor, and doctoral student Miss QING Yamin, both from PolyU's Department of Land Surveying and Geo-Informatics, finds that flash droughts are developing faster (i.e. in a shorter period of time).
A research study on flash droughts, led by Dr Wang Shuo (left), Assistant Professor, and doctoral student Miss QING Yamin, both from PolyU’s Department of Land Surveying and Geo-Informatics, finds that flash droughts are developing faster (i.e. in a shorter period of time).

The PolyU study, published in Nature Communications, found that southeast China – the region spanning from the Yangtze River Delta to Hainan province – is at a higher risk of experiencing more rapid drying, with an increase in the proportion of flash droughts developed within five days by as much as 18.67 per cent during 2000 – 2020. Ordinary droughts usually take five to six months or an even longer time to develop to full strength.

Dr WANG Shuo, Assistant Professor of PolyU’s Department of Land Surveying and Geo-Informatics, who led the research, said the nature of flash droughts, characterised by rapid onset in less than a month and a fast depletion of water availability, means there are less early warning indicators for impact preparation, potentially causing more severe impacts on agriculture and society than slowly evolving droughts.

“Flash drought occurrence is often accompanied by above-average temperatures and a precipitation deficit, which may trigger compound extreme events such as the concurrence of flash drought and heat wave. Thus, flash droughts can pose even more serious threats to urbanised areas like Hong Kong due to the urban heat island effect,” he said.

The in-depth analysis was devised to address the following scientific questions: how fast flash droughts evolve and why. In the study, the research team mapped the onset timescales of flash droughts globally and the causes of the rapid onset speed, providing valuable insights for policymakers and stakeholders on the potential risks of flash droughts, and an impetus for innovators to advance flash drought forecasts and early warning systems.

Based on different data sets that use satellite soil moisture measurements, the study found that although flash droughts are not becoming more frequent in most parts of the world, they are developing at a faster rate (i.e. in a shorter period of time). Out of all flash droughts that occurred in the past two decades, these data sets showed that there was about 33.64 – 46.18 per cent of flash droughts that developed within five days, representing an increase of 3.23 – 19.03 per cent during the period.

Such adverse climate events tend to occur in humid and semi-humid regions, including Southeast Asia, East Asia, the Amazon Basin, eastern North America and southern South America. Atmospheric aridity – caused by high temperature, low precipitation and a high vapour pressure deficit (VPD) – is likely to trigger flash droughts, the study indicates.

Dr Wang explained that “atmospheric aridity creates a perfect condition for the occurrence of flash droughts, and the joint influence of soil moisture depletion and atmospheric aridity further reinforces the rapid onset of flash droughts. In other words, low soil moisture combined with a high vapour pressure deficit accelerates the decline in soil moisture through land–atmosphere feedback loops. Thus, southeast China with strong land–atmosphere coupling is more vulnerable to flash droughts.”

Compared with traditional, slowly developing droughts, flash droughts evolve with a relatively fast depletion of soil moisture that may cause an imbalance of ecosystems and agricultural systems. The flash drought in the summer of 2012 led to an estimated US$35.7 billion in losses of corn crops in the central United States.

“Governments and the public should realise the increasing flash drought risk in addition to commonly known extreme weather events, and adapt to such emerging climate-induced natural disasters. It is crucial to improve traditional drought monitoring systems and indicators for capturing rapidly evolving flash droughts,” Dr Wang said.

#HongKongPolytechnicUniversity #PolyU

Lenovo Study: Three in Five CIOs Would Replace Half or More of Their Current Technology If Given Opportunity

  • Research commissioned by Lenovo reveals CIOs are more involved than ever before in areas outside their traditional technology purview, such as business model transformation, corporate strategy, and sustainability
  • Tasked with increasing organizational agility and streamlining operations cost, 57% of CIOs think at least half their current tech stack is serviceable but could be improved – with 21% wanting to replace almost all of their tech stack

HONG KONG SAR – Media OutReach – 20 April 2022 – A new global research study from Lenovo [1] reveals how the CIO role has evolved, shedding light on growing areas of responsibility and increasing influence in the C-Suite, as well as removing barriers to business growth.

Today, technology is the nervous system that connects corporate strategy, finance, innovation, operations, and talent. CIOs are increasingly tasked with connecting with key stakeholders across the organization to ensure alignment and drive execution. With IT enmeshed in every facet of a business, CIOs believe that their organizations must continue to invest in digital transformation to remain relevant. Key findings from Lenovo’s global survey of more than 500 CIOs include:

  • Nearly all CIOs surveyed believe their roles have evolved and expanded in the past few years, and that they are being asked to make business decisions that go far beyond technology.
    • 9-in-10 CIOs say that their role and responsibilities have expanded beyond technology, including non-traditional areas such as data analytics and business reporting (56%), sustainability/ESG (45%), DE&I (42%), HR/talent acquisition (39%), and sales/marketing (32%).
    • 82% say the CIO role has become more challenging compared with just two years ago as they are confronting a vast array of unique challenges, from the increasing use of AI and automation to talent acquisition in a global, remote workforce.
    • CIOs find it most difficult to solve challenges related to data privacy/security (66%), cybersecurity/ransomware (66%), keeping up with technological change (65%), managing fragmented IT vendor ecosystems (61%) and adopting/deploying new technology (60%).
  • The majority of CIOs believe their role in the organization has increased in influence.
    • More than 3-in-4 CIOs say they have a greater impact on their company’s overall fortunes than other C-Suite positions.
    • 88% agree that “my role as CIO is the most critical component of my company or organization’s continued operation.”
  • As the CIO role expands and evolves, respondents say that their technology vendors play an invaluable role in their company’s overall success.
    • Business would feel an impact in no more than a few weeks if they halted spending on digital transformation initiatives, according to 61% of respondents. This speaks to technology’s role as a critical component of the business, not just a source of cost efficiencies.
    • Looking ahead, CIOs expect to turn to their vendors to help them solve a myriad problems in the next five years, including increasing their organizational agility (60%) and providing security of their company’s systems and operations (52%), as well as to simplify the configuration, deployment and maintenance of technology (50%), and optimize costs (43%).
    • 8-in-10 CIOs agree their tech vendors are “so effectively integrated that it increases [their] overall productivity.”
  • Considering their new challenges and evolving responsibilities, CIOs suggest their current tech stack has much room for improvement.
    • Given the chance to reboot from scratch, most CIOs (57%) say they would replace half or more of their company’s current technology.
    • Compared to the previous year, 63% of companies are using more Device-as-a-Service in their tech stack.
    • As business models change, nearly all CIOs (92%) would definitely or probably consider adding new aaS offerings over the next two years.

“Modern CIOs are the ‘mission control’ for their organizations, their role has transformed drastically in just the span of the past 24 months,” said Ken Wong, President, Lenovo Solutions and Services Group. “From navigating complex tech ecosystems to keep up with the speed of digital transformation, to upskilling employees and managing a global shortage of IT talent, today’s CIO is responsible for the entire technology value chain and beyond. Lenovo’s research demonstrates CIOs are up for the challenge. And they are looking to partner with their vendors to bring their organizations along and succeed.”

Research firm International Data Corp. estimates that by 2023, 60% of CIOs at companies world-wide will be primarily measured for their ability to cocreate new business models and revenue streams, chiefly through enterprise-wide collaboration[2] . Yet Lenovo’s own research shows that it may be an uphill battle for CIOs, who have identified areas such as data privacy/security, cybersecurity/ransomware and managing a fragmented IT vendor ecosystem as their most challenging concerns.

“In this complex technological environment, CIOs want to innovate, not manage IT. As Lenovo’s research highlights, CIOs look to their technology vendors beyond just delivering the basics well – namely, increase organizational agility, simplify configuration, and optimize costs. IT leaders also need counsel and guidance on how emerging technology can enhance their business goals. The opportunities for technology to add real business value – right across the enterprise – are immense,” added Mr. Wong.

To manage an increasingly complex digital transformation journey, businesses need simple and flexible IT solutions. Lenovo’s solutions provide organizations the breadth of Everything-as-a-Service offerings in Lenovo TruScale; the flexibility to pay for the infrastructure solutions they need, as long as they need; and the depth in our expertise and services that empower CIOs to focus more on their strategic imperatives. Businesses of all sizes need the flexibility to stay competitive, and a scalable, cloud-like solution model is the answer.

Industry forecasts by Technology Business Research indicate that Device Subscription Services are growing at a CAGR of 26% from 2020 to 2024 and data center subscription services are growing at 42% during the same period. [3] As-a-Service solutions provide mission-critical support and services, enabling businesses to use technology to scale quickly, lower costs, and reap greater efficiencies. With its flexible and simple offerings, Lenovo has helped organizations from the education to aerospace sectors optimize the right technology with the potential to transform and future-proof their operations.

The full study is available at: [link]

About Lenovo SSG Global Study of CIOs

Fieldwork for this study was conducted via a quantitative survey from December 6, 2021 to December 21, 2021, among a total of 525 global CIOs. The survey sample comprised of a near equal number of respondents from each market: Brazil, China, Japan, Singapore, the United Kingdom and the United States. Respondents included CIOs of companies and organizations with at least 250 total employees.


[1] The global research was commissioned by Lenovo and carried out by Zeno Group. It surveyed 525 CIOs across the United States, United Kingdom, Brazil, Singapore, China, and Japan. The research was carried out in December 2021.
[2] IDC FutureScape: Worldwide CIO Agenda 2022 Predictions, Doc # US48297821, October 2021
[3] Technology Business Research (TBR), Hardware Subscription Services Market Landscape,
Third Calendar Quarter 2021

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that power (through devices and infrastructure) and empower (through solutions, services and software) millions of customers every day and together create a more inclusive, trustworthy and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com and read about the latest news via our StoryHub.

#Lenovo

State Inspection Authority: USD 732 Million Lost to Corruption Since 2016  

Laos has lost more than USD 700 billion to corruption.

Since 2016, the Lao government has lost funds in various currencies totaling USD 732 million to corruption, according to a recent report.

Hang Lung Properties Joins Another Global Initiative for Net Zero Carbon by 2050

HONG KONG SAR – Media OutReach – 20 April 2022 – Hang Lung Properties (SEHK Stock Code: 00101) (the “Company” or “Hang Lung”) is pleased to announce that the Company is the first real estate developer in Hong Kong, and among the first in Asia, to commit to the ULI Greenprint’s net zero carbon operations goal, launched by the Urban Land Institute’s Greenprint Center for Building Performance. The goal is in line with the Paris Agreement and the Intergovernmental Panel on Climate Change’s (IPCC) recommendation to keep global warming below 1.5⁰ Celsius. By adopting this goal, Hang Lung strives to reduce the operational carbon emissions of our portfolio under our operational control to net zero by 2050.

Mr. Adriel Chan, Vice Chair & Chair of Sustainability Steering Committee, Hang Lung Properties, said, “Hang Lung Properties is proud to be the first real estate company in Hong Kong and among the first such companies in Asia to join ULI Greenprint’s global initiative in support of a low carbon future. Climate resilience is our sustainability priority. We are committed to reducing our carbon footprint in line with climate science, setting ambitious and concrete 2025 and 2030 carbon reduction targets. In January this year, we took a step further by committing to set both near- and long-term targets to reach net-zero value chain greenhouse gas emissions by no later than 2050. We look forward to exchanging best practices on this journey with other Greenprint members, and call on all real estate companies to step up to the challenge and create a net-zero carbon world together.”

By joining both ULI Greenprint’s net zero carbon operations goal and the Science-Based Targets initiative’s Net Zero Standard, we hope to actively contribute to the reduction of the built environment’s impact on climate change in collaboration with industry peers, while accelerating our decarbonization efforts across all aspects of our business in line with climate science.

ULI Greenprint is a global membership consortium of top real estate owners, developers, investors, and strategic partners committed to improving the environmental performance of the real estate industry. Through measurement and benchmarking, knowledge sharing, and implementation of best practices, ULI Greenprint and its members strive to reduce greenhouse gas emissions 50 percent by 2030 and achieve net zero carbon operations by 2050.

The ULI Greenprint’s net zero carbon operations goal is a way for existing ULI Greenprint members to lead the way in reducing their impact on climate change beyond their carbon reduction commitments. The goal encourages portfolio-wide carbon reductions via energy-efficiency improvements, on-site renewable energy, green utility power and building electrification, off-site renewables, renewable energy credits and offsets.

About Hang Lung Properties

Hang Lung Properties Limited (SEHK Stock Code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City.” Hang Lung Properties is recognized for leading the way through enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

For more information, please visit .

#HangLungProperties

The issuer is solely responsible for the content of this announcement.

TCS Study Finds 88% of C-Suites in Asia Pacific will Increase the Use of Digital Solutions to Drive Sustainability in Next 3 Years

Tata Consultancy Services and University of Auckland Created the World’s First Digital Sustainability Index to Propel Conversations on the Essential Role of Digitalization in Driving Enterprise Sustainability

SINGAPORE | MUMBAI, INDIA – Media OutReach – 20 April 2022 – Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) and the Centre of Digital Enterprise, University of Auckland Business School have published the Digital Sustainability Index, a world-first study of enterprises in the Asia Pacific region that focuses on how digital solutions are contributing to sustainability outcomes across social, environmental, and economic levers.

Based on a survey of 200 C-level executives in Asia Pacific, the report explores Digital Sustainability – the creation, usage, and governance of digital resources to maximize their value for business, the environment and society, how it can enable organizations to better understand corporate motivators, and capacity and capability around digital technologies.

The study highlights three major obstacles that are inhibiting their pursuit of sustainability objectives through digital solutions: limited budget, lack of in-house knowledge and challenges in establishing a traditional ROI.

Other key findings:

  • 88% respondents anticipate an increased use of digital resources, systems and platforms to address sustainability outcomes in the next 36 months.
  • The vast majority (87%) agree that Digital Sustainability can deliver a competitive advantage and is a central value of their companies.
  • Most of the respondents (80%) believe their corporate reputation in the market has improved as a result of digital sustainability initiatives implemented.

“At TCS, we believe digital has the power to positively change the world. The construct of digital sustainability provides a valuable, holistic framework for corporate leaders in their growth and transformation strategies,” said Girish Ramachandran, President, TCS Asia Pacific. “The Digital Sustainability Index will help organizations across the Asia Pacific understand how they can create, use, and regulate digital transformation, innovation, and resources to create future-fit, connected businesses that can deliver value for society today and in the future.”

“Never has the impact of technology on the community and sustainable innovation been more relevant and more necessary, and together with TCS, we are confident the Digital Sustainability Index can help key decision makers in every company gain a better understanding of how technology can positively impact business outcomes and deliver longer term value for all stakeholders,” said Ilan Oshri, Director of the Centre of Digital Enterprise, University of Auckland Business School, New Zealand.

The report is based on a survey of 200 C-level executives from companies with an annual turnover ranging from US$151 million to over US$10 billion across 12 sectors and 10 countries, namely Australia, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam.

Click here to access the report: https://www.tcs.com/digital-sustainability-index-2022

About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India’s largest multinational business group, TCS has over 556,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit .

#TataConsultancyServices #TCS

The issuer is solely responsible for the content of this announcement.