Residents in Vientiane Capital have expressed dissatisfaction with the rollout of Pfizer vaccines after some members of priority groups missed out on vaccines.
The Latest in Memory Technology Trends from TechInsights and Jeongdong Choe
Ottawa, ON – News Direct – 25 June 2021 – TechInsights announces that Dr. Jeongdong Choe will be presenting a webinar titled: Memory Technology Highlights from TechInsights 2021. Two broadcasts are scheduled for June 29 th ; the first at 6am UTC, and the second at 3pm UTC.
Due to strong – and growing – demands for memory chips from the storage, mobile, and AIOT markets, major memory players are striving to increase density and performance, reduce manufacturing cost, and develop new and innovative technologies for each generation. TechInsights has been tracking down and digging into them, including technology trends and innovative process and design changes on DRAM, NAND Flash, and emerging memory devices such as STT-MRAM, ReRAM, FeRAM and 3D XPoint Memory.
Dr. Jeongdong Choe, one of the world’s foremost experts on advanced memory technology devices, will provide an overview of the latest developments from Samsung, Micron, SK Hynix, Western Digital, KIOXIA, YMTC, Intel, Sony, and others.
With so much disruptive technology entering the market in recent days – for example, the 112L Kioxia/WD NAND Flash, the 2nd Gen Intel X-Point die, and the Micron Z41C die (1st sub-15 nm DRAM) – this is sure to be a well-attended event.
Reserve your spot here.
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View source version on newsdirect.com: https://newsdirect.com/news/the-latest-in-memory-technology-trends-from-techinsights-and-jeongdong-choe-896755197
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HCL Appoints Leadership Team in Taiwan to Accelerate Growth in Asia
HO CHI MINH, VIETNAM – Media OutReach – 24 June 2021 – HCL Technologies, (HCL), a leading global technology company, has appointed country sales heads to drive and accelerate its presence in Asia. Joonho Moon, Terry Tai and Nguyen Ha Tuan will lead and drive growth in South Korea, Taiwan and Vietnam respectively.
Taiwan-Terry Tai
Prior to HCL, Joonho spent more than two decades at Samsung SDS in various leadership positions in sales, business development, corporate marketing, and product strategy.
“I am delighted to be a part of such a dynamic team in HCL Technologies. I look forward to building upon the company’s current footprint in South Korea and adding to the momentum of growth and expansion in the region”, said Moon.
Tai is an experienced co-founder, chief strategy officer of a start-up company and the head of sales and business development for about two decades in Taiwan’s IT services industry. He brings a rich experience in cloud technology, artificial intelligence solutions, data storage technology and go-to-market strategy.
“HCL has charted an excellent growth path for itself for the Taiwan market and it is exciting to be a part of that success story from the inception. I look forward to helping accelerate our clients’ digital transformation journey and strengthening our presence in the region”, said Tai.
Tuan has 20 years of experience in the IT Industry. A thought leader and digital transformation practitioner in insurance, retail, banking and finance, public sector, and small- and medium-sized businesses, he has managed digital transformation, security, cloud computing and enterprise applications. Tuan comes to HCL from IBM.
“HCL is a great brand to be associated with, and I am glad to join the team,” said Tuan, Country Sales Head, Vietnam, HCL Technologies. “I am certain that with its unmatchable services and product offerings, HCL will truly create a niche for itself in the country.”
“HCL has actively expanded its global footprint with its next-generation services and products. South Korea is the highest rated country for innovation and leads in new digital technologies; Taiwan is the nerve center of the global semiconductor industry. Vietnam is one of the fastest growing digital economies,” said C Vijayakumar, CEO, HCL Technologies.
Sanjay Gupta, Corporate Vice President, HCL Technologies said: “We believe HCL’s deep domain expertise and next-gen technologies will rightly cater to the needs of enterprises and make it the partner of choice in these countries.”
HCL Appoints Leadership Team in South Korea to Accelerate Growth in Asia
HO CHI MINH, VIETNAM – Media OutReach – 24 June 2021 – HCL Technologies, (HCL), a leading global technology company, has appointed country sales heads to drive and accelerate its presence in Asia. Joonho Moon, Terry Tai and Nguyen Ha Tuan will lead and drive growth in South Korea, Taiwan and Vietnam respectively.
Korea-Joonho Moon
Prior to HCL, Joonho spent more than two decades at Samsung SDS in various leadership positions in sales, business development, corporate marketing, and product strategy.
“I am delighted to be a part of such a dynamic team in HCL Technologies. I look forward to building upon the company’s current footprint in South Korea and adding to the momentum of growth and expansion in the region”, said Moon.
Tai is an experienced co-founder, chief strategy officer of a start-up company and the head of sales and business development for about two decades in Taiwan’s IT services industry. He brings a rich experience in cloud technology, artificial intelligence solutions, data storage technology and go-to-market strategy.
“HCL has charted an excellent growth path for itself for the Taiwan market and it is exciting to be a part of that success story from the inception. I look forward to helping accelerate our clients’ digital transformation journey and strengthening our presence in the region”, said Tai.
Tuan has 20 years of experience in the IT Industry. A thought leader and digital transformation practitioner in insurance, retail, banking and finance, public sector, and small- and medium-sized businesses, he has managed digital transformation, security, cloud computing and enterprise applications. Tuan comes to HCL from IBM.
“HCL is a great brand to be associated with, and I am glad to join the team,” said Tuan, Country Sales Head, Vietnam, HCL Technologies. “I am certain that with its unmatchable services and product offerings, HCL will truly create a niche for itself in the country.”
“HCL has actively expanded its global footprint with its next-generation services and products. South Korea is the highest rated country for innovation and leads in new digital technologies; Taiwan is the nerve center of the global semiconductor industry. Vietnam is one of the fastest growing digital economies,” said C Vijayakumar, CEO, HCL Technologies.
Sanjay Gupta, Corporate Vice President, HCL Technologies said: “We believe HCL’s deep domain expertise and next-gen technologies will rightly cater to the needs of enterprises and make it the partner of choice in these countries.”
Cushman & Wakefield and US Green Building Council Jointly Launch the report Carbon Neutrality – Shifting to neutral to drive real estate sustainability in China
HONG KONG SAR – Media OutReach – 24 June 2021 – Cushman & Wakefield, a leading global real estate services firm, and the U.S. Green Building Council (USGBC) jointly released the report – Carbon Neutrality – Shifting to neutral to drive real estate sustainability.
China’s 14th Five Year Plan (FYP) looks set to build upon the environmental sustainability initiatives China has undertaken in the past. Strengthened climate and air pollution control measures will ensure the road ahead in the region will be healthier and cleaner as the country moves to carbon neutrality by 2060.Over the years, China’s economic growth considerably amplified the energy use by the built environment in the country. In order to reduce the amount of energy used by, and carbon emissions from, buildings in China, it will be important to take the next step and go carbon neutral.
Jing Wang, Director, North Asia, U.S. Green Building Council & Green Business Certification Inc. said, “Green buildings is not only a practical solution for the real estate industry to address climate change, responding to growing attentions from policy makers and investors. With buildings contributing to 40% of global carbon emissions, green buildings also play an essential role for the industry and the country to achieve carbon neutral goals. The development of LEED green buildings in China recent years also testifies this trend – projects participating in LEED are much more diversified, from new buildings to existing buildings, from grade A office buildings to entire portfolios.”.
A whole lifecycle carbon reduction plan – a road map for real estate investors/developers/ landlords in china
Through best-practice design and choice of materials used, efficient buildings with low energy and water use can be visualised and built. Energy demand can be lessened by augmenting the building volume and positioning, by means of vigilant design of the building envelope and by stipulating energy/water efficient building services and controls.
Looking at whole building lifecycle carbon, the amount of energy and water used during a building’s lifespan needs to be considered. When ruminating on this, many aspects about a building project have to be assessed. Before building, operating and re-using/dismantling a building, it will be important to execute on the right whole building lifecycle approach and to do this, the following elements will also need to be taken into consideration: carbon offsetting; carbon avoidance; embodied carbon, and operational carbon.
Carbon offsetting
Carbon offsetting can allow real estate investors, developers and landlords in China to construct and operate a real estate project in a location without that particular project being necessarily green in any way. In this case, carbon offsets (certificates that represent the reduction of one metric ton of carbon dioxide emissions) can be bought by the investor, developer or landlord to fund a green carbon offset project. What’s more, this green carbon offset project could be in a completely different part of the country. By purchasing, carbon offset certificates, the GHG emission impact on the environment from an investor’s, developer’s or landlord’s own project can be lessened. Moreover, if emissions for the real estate project are actually impossible to reduce, the investor, developer or landlord can use offsetting funds to help reduce emissions elsewhere in another location.
Carbon avoidance
For real estate investors, developers and landlords, carbon avoidance is about: building nothing; building less; building clever; building efficiently; operating clever, and/or; operating efficiently.
Embodied carbon
Embodied carbon relates to emissions linked with a number of activities associated with a building’s lifecycle, such as the extraction of raw materials, the transportation of raw materials to the factory, product manufacturing, the transportation of products to the site, building construction, use and maintenance of the building, building refurbishment/building demolition, the transportation of waste materials from the site and the storing the waste material at a landfill.
Operational carbon
Operational carbon is more or less the collective carbon dioxide emissions produced for a building to run throughout its operational lifecycle.
Energy efficiency measures and systems which concern the heating/cooling equilibrium of buildings can be challenging to augment. This is because the amount of yearly carbon emissions from space heating and cooling are often quite analogous. Having said this, there are a number of energy efficiency concepts, measures and systems which commercial building investors, developers and landlords in China can employ.
Other considerations and what’s in it for real estate investors, developers and landlords
Alton Wong, Senior Director , Head of Advisory Services, Valuation and Advisory Services, Greater China, Co-head of Smart and Green Services, Greater China, Cushman & Wakefield, said: ” The COVID-19 pandemic has made commercial real estate investors, developers and landlords in China increasingly aware of the importance of health, safety, well-being and environmental sustainability to buildings. The further promotion of environmental sustainability by various government agencies, and investment capital driven by the ESG (Environmental, Social and Governance) principle and/or environmental sustainability, such as green financing capital, have also attracted great public attention. ” Given, the ‘green’ development momentum of late, these drivers are increasingly going to become key influencers in the development and operation decision making of commercial building investors, developers and landlords in China.
Selected criteria behind ESG
Source: BWFA, Cushman & Wakefield Research
Hong Kong Market
For Hong Kong, in 2019, the Hong Kong Stock Exchange began to gradually tighten its environmental, social, and governance information disclosure policies. All issuers now not only need to publish ESG reports, but they must also comply with stricter reporting guidelines. This will have a profound impact on mainland and Hong Kong developers listed on the Hong Kong Stock Exchange because they must strengthen their efforts in green building and sustainable development to avoid falling behind their peers.
More and more real estate developers and real estate fund companies have joined Global Real Estate Sustainability Benchmark (GRESB). Companies operating in China, like Swire Properties, New World Development, China Resources Group, Sino-Ocean Group, and CITIC Capital have all been participating in the assessment for many years. Green building in China is still continually developing and growing and alongside this development and growth, GRESB will be used more in the country for measuring the sustainability performance of real estate companies and real estate funds.
Shaun Brodie, Head of Occupier Research Greater China, Cushman & Wakefield, concluded: “Environmentally friendly commercial buildings often enjoy higher rentals and augmented market pricing. They are also often more resilient to any market downturns as they are still the location of choice for many occupiers. For the real estate around the world, including property in China, to play its part in reducing carbon emissions and natural resource usage in the future, carbon offsetting, carbon avoidance, embodied carbon and operational carbon must all be considered to approach decarbonisation holistically and create a world that is more sustainable.”
Please click here to download the report.
About Cushman & Wakefield
Accel Group Subsidiary Wins “Most Reliable Leaders of Electrical and Mechanical Engineering Services Provider 2021” Award
Rising Strength, Scaling Position
HONG KONG SAR – Media OutReach– 24 June 2021 – Accel Group Holdings Limited (Stock code: 1283.HK, “Accel Group” or the “Group”)is pleased to announce that, Chit Tat Electrical Engineering Limited (Chit Tat Electrical Engineering) , a wholly-owned subsidiary of Accel Group, won the “Most Reliable Leaders of Electrical and Mechanical Engineering Services Provider 2021” in “Hong Kong’s Most Outstanding Leaders Awards 2021” organized by CORPHUB, which fully demonstrates that the Group’s competitive advantages and leadership has been recognized by the industry and peers.
The award ceremony of “Hong Kong’s Most Outstanding Leaders Awards 2021” was held at Shangri-La Hotel, Kowloon today. Chit Tat has stood out among the peers with its outstanding achievements in mechanical and electrical engineering services. Mr. Ko Laihung, Chairman and Chief Executive Officer of the Group , attended the awards presentation ceremony and was awarded by Ms Elsa Tang, Regional Director (Greater China) of The CFO Center.
Image: Mr. Ko Laihung, Chairman and Chief Executive Officer of the Group, was awarded with the crystal trophy of the “Most Reliable Leaders of Electrical and Mechanical Engineering Services Provider 2021”.
“Hong Kong’s Most Outstanding Leaders Awards 2021”, comprises a professional evaluation team with industry leaders, members of the chamber of commerce and authorities from all walks of life, to recognize the great contributions and achievements of enterprises based on different criteria, including service quality, governance, and social responsibility of enterprises. Also, the award winners in this year include multiple renowned enterprises active in Hong Kong and US stock market. Previously, Chit Tat Electrical Engineering was awarded “Most Outstanding Electrical and Mechanical Engineering Services Award 2020” by CORPHUB in “Hong Kong’s Most Outstanding Services Awards 2020” at December 2020, showing that the professional and outstanding electrical and mechanical engineering services of the Group is widely-recognized. Chit Tat Electrical Engineering was awarded as the “Most Reliable Leaders of Electrical and Mechanical Engineering Services Providers 2021” this year, demonstrating that the Group’s rising strength of electrical and mechanical engineering services and the scaling position in industry are fully recognized.
Mr. Ko Laihung, Chairman and Chief Executive Officer of the Group , said, “Chit Tat Electrical Engineering adheres to the customer-oriented spirit and pursues, and is committed to achieving excellent performance, strengthening competitive advantages and diversifying layout, empowering Accel Group, parent company of Chit Tat Electrical Engineering, to create greater value and give back to investors. It is a great honor to be awarded by the industry award again. After 30 years endeavor, the Group is succeeded in achieving leadership in industry, which not only represent the professional and outstanding electrical and mechanical engineering services of the Group, but also the recognition of the Group’s contribution and outstanding performances in electrical and mechanical engineering by the industry. Since listing in 2019, the Group, has successively won numerous awards and has been included in one of the most informative investment indexes, which would be the reflection of the excellent achievements and the motivation of maintaining excellent services quality of Group. Accel Group will give back to the investors and the society for their recognition, by consciously providing leading electrical and mechanical engineering services.”
About Accel Group Holdings Limited (Stock code: 1283.HK)
Accel Group Holdings Limited (the “Group”) listed on the Main Board of the Stock Exchange of Hong Kong Limited in 2019. It is an electrical and mechanical engineering services provider with good track record. Its key customers are famous developers and architectural firms in Hong Kong. The Group has established experience in several significant construction projects for famous developers and architectural firms in Hong Kong. The Group is mainly engaged in installing electrical and mechanical facilities for various developers, including the installation of air-conditioning system, drainage system, water supply, swimming pool and fountain system, electrical and control system as well as smart electrical control system in buildings. The Group is committed to providing quality electrical and mechanical engineering services.
#Accel Group
About Chit Tat Electrical Engineering Limited
Chit Tat Electrical Engineering Limited is a wholly-owned subsidiary of Accel Group Holdings Limited. It has approximately 30 years of mechanical and electrical engineering service experience and a solid foundation, and it has developed into one of the most highly influential and competitive mechanical and electrical engineering companies in Hong Kong. It is equipped with professional technical personnel and construction teams. It occupies an important position in Hong Kong’s mechanical and electrical engineering industry, especially in private residential air-conditioning projects. Chit Tat Electrical Engineering Limited is committed to giving full play to its expertise in mechanical and electrical engineering technology to provide high-quality services, adhering to the customer-oriented spirit, achieving excellent performance, strengthening competitive advantages and diversifying layout, to maintain the leading position in the industry and empower Accel Group, parent company of Chit Tat Electrical Engineering to establish solid industry position.
KKStream Launches BlendVision SaaS Solution to Open Up the Possibilities of Streaming Across All Industries
Through a unique Streaming-as-a-Service model, KALEIDO, MOMENT and LOOM offer the tools for world-class streaming with the flexibility to accommodate individual priorities
TAIPEI, TAIWAN – Media OutReach – 24 June 2021 – KKStream, a leading provider of B2B video streaming solutions, today unveiled its BlendVision modular streaming platform with three software solutions. They include KALEIDO, a one-stop streaming platform; MOMENT, a high-quality live streaming service; and LOOM, an AI-powered video encoding solution. BlendVision’s Streaming-as-a-Service model is built on KKStream’s extensive experience helping global companies establish streaming applications. Designed to be quick and easy to set up, the new services empower businesses of any scale to deliver world-class videos to their audience in no time.
The Asia-Pacific OTT media streaming market is growing fast: it is expected to be worth nearly US$88.3 billion by 2025, according to Statista. Companies across a wide range of industries are adopting streaming and online video as part of their digital transformation efforts. For those with no prior experience, it can be difficult to know where to begin. BlendVision aims to demystify the process and offer a flexible, ready-to-run service that is adaptable to the needs of individual businesses, from startups and SMEs to large enterprises. “Through the Streaming-as-a-service business model, our BlendVision solution enables companies to build their own video platform in an instant and shorten their time to market,” said Eric Tsai, President of KKStream. “We hope to make streaming a standard business tool that is accessible to everyone.”
BlendVision’s KALEDIO, MOMENT, and LOOM positioned to advance the streaming market
KKStream’s BlendVision video streaming service can help companies solve their streaming challenges. The modular Steaming-as-a-Service model is supplemented with professional consulting service to allow customers create a second growth curve by leveraging the following three products:
- KALEIDO is a tool for companies of any scale to build their own streaming platform. Featuring AI video encoding, it enables effortless migration of content to cloud-based OTT platforms and cross device viewing via different applications. It also integrates monetization and recommendation systems.
- MOMENT makes it possible for viewers around the world to watch and participate in live performances, competitions and other events through premium quality, low-latency streaming technology across various platforms.
- LOOM uses patented per-title-encoding (PTE) technology to encode videos in the most efficient manner as AI technology analyzes each frame, resulting in high quality videos at the smallest file sizes. This saves bandwidth and storage to lower the operational cost of streaming platforms.
In addition, KKStream highly values digital copyright protection. All BlendVision products are equipped with complete DRM protection. The intellectual property of all content creators can be fully protected through features such as geo-lock, playback device limitations, and content encryption.
BlendVision trusted by key customers in Taiwan and Japan for their streaming solutions
BlendVision has helped customers across diverse industries in APAC, spanning telecoms, media, online events and ticketing, online education, and home fitness. It helped cut bandwidth usage and operation cost for one of Taiwan’s top telecom operator’s own OTT video service and enabled Foxconn Group to present an online celebration in 4K quality and multi-angles viewing experiences across 20 countries. In Japan, the telecom operator KDDI chose KKStream to operate their OTT video service “TELASA” with 4K VOD content, AI recommendation, and event live streaming, in conjunction with TV Asahi. The service amassed over 100 thousand subscribers at launch and has over 1 million subscribers to date.
“KKStream is not just a streaming technology provider, but a key strategic partner that helps us realize cross-platform integration and improved service,” said Satoshi Miyaji, General Manager of KDDI’s Entertainment Promotion Department. “The BlendVision streaming service combines past consulting experience, streaming technology, and AI expertise to fulfill the demands of live streaming, video optimization, and highly-integrated end-to-end streaming platforms. We hope that KKStream can continue to grow with BlendVision and enable all industries to leverage online media streaming.”
About KKStream
Founded in 2016, KKStream is the leading provider of B2B streaming service solutions. We use cloud-based streaming, AI, and data analysis to provide enterprise customers a complete media streaming solution and professional consulting service. KKStream is a subsidiary of KKBOX GROUP and headquartered in Taipei, with R&D teams located in both Taipei and Kaohsiung, and an office in Tokyo. Our customers span across telecom operators, media companies, online events and ticketing, online education, and home fitness. Through our BlendVision solution, we offer “Streaming-as-a-Service” products that are both flexible and modular to allow companies easily implement streaming technology, and allow various industries to deliver video streaming applications in high quality. Official website: www.kkstream.com
Business contact:
info@kkstream.com
#KKStream
The Chinese University of Hong Kong Business School Announces Five Business Sustainability Indices to Promote Responsible Business Practices in Hong Kong and Greater China
HONG KONG SAR – Media OutReach – 24 June 2021 – The Chinese University of Hong Kong (CUHK) Business School’s Centre for Business Sustainability (CBS) announces today results of the 6th Hong Kong Business Sustainability Index (HKBSI), the 2nd Greater Bay Area Business Sustainability Index (GBABSI) and the 6th Hong Kong SME Business Sustainability Index (HKSMEBSI), as well as launches the 1st Greater China Business Sustainability Index (GCBSI) and the 1st Greater China Hotel Business Sustainability Index (Hotel BSI).
The unique “Values – Process – Impact” (VPI) model, which was developed and launched in 2015 by CBS, is used in the assessment of all the five Business Sustainability Indices (BSI). Each index company was assessed in three major areas, namely Corporate Social Responsibility (CSR) Values, CSR Process (comprising CSR Management and Practice) and CSR Impact against seven stakeholder groups (Community, Consumer, Employee, Environment, Government, Investor and Supplier), as well as the company’s contributions to economic, social and environmental sustainability. As the Technical Partner of the projects, SGS Hong Kong Limited conducted sample check and verification of the information provided by individual companies. The Sinyi School of NCCU College of Commerce in Taiwan also helped compile the data of Taiwan companies in the GCBSI.
The 6th HKBSI
HKBSI is aimed at charting the ongoing development and performance of Hang Seng Index constituent companies on business sustainability. Compared to the results of the 5th HKBSI released last August, the overall average score of the 50 Hang Seng Index (HSI) constituent companies as at 31 July 2020 was 58.66 (out of 100 points), up by 1.95 percent.
Within the VPI model, the average score of “Values” and “Process-Practice” remained stable compared with that of the 5th HKBSI, while “Process-Management” improved slightly with a 7.33 percent rise but “Impact” dropped by 2.43 percent. In terms of stakeholder analysis, companies showed improvement in Practices such as Employee (5.14 percent rise), Government (up by 2.75 percent), Investor (3.44 percent increase) and Supplier (4.03 percent rise).
Currently, more than half (52 percent) of HSI constituent companies are non-Hong Kong based companies, comprising of H-shares, red chips and other mainland Chinese firms listed in Hong Kong. The overall average score of these non-Hong Kong based companies in the 6th HKBSI recorded a 2.89 percent rise to 50.96 (out of 100 points) when compared to a rise of just 1.18 percent to 67 points for Hong Kong based companies, showing that non-Hong Kong based companies exhibited a bigger performance improvement in business sustainability, especially in CSR management, which was up by 9.39 percent.
Prof. Carlos Lo, Director of CBS, explained, “A salient trend can be observed in the stakeholder analysis is a significant increase of the CSR practices over three out of the four value chain stakeholder groups, namely, Employee (up 5.14 percent), Supplier (up 4.03 percent) and Investor (up 3.14 percent) in comparing with the results in the last round. Still Customer records a slightly increase of 0.45 percent. This indicates the positive development of continuous integration of CSR into corporate core business.”
The 2nd GBABSI
CBS extended its sustainability index project to cover Hong Kong listed companies with operations in Guangdong-Hong Kong-Macao Greater Bay Area that are eligible for southbound trading under the Stock Connect scheme last year. A total of 66 constituent companies of the Hang Seng Stock Connect Hong Kong Greater Bay Area Index as at 31 July 2020 were invited to complete an online assessment questionnaire for the 2nd GBABSI with the same scope as HKBSI.
Benchmarking against the 6th HKBSI results (58.66 points), the overall average score (52.86 points) of the GBABSI companies was still lower, but the performance gap was narrowing with a significant improvement in all the four aspects (Values, Process-Management, Process-Practice and Impact) from 10.70 percent, 12.80 percent, 15.80 percent to 26.27 percent respectively.
GCBSI – the First-of-its-Kind Sustainability Performance Measurement for Listed Companies in Greater China
To encourage and motivate companies in the Greater China region to integrate CSR initiatives into everyday business, CBS rolls out the GCBSI to cover 200 listed companies from HSI, FTSE TWSE Taiwan 50 Index, Shenzhen 100 Index and Shanghai Stock Exchange SSE 50 A Share Index.
In the inaugural GCBSI, the overall average score is 43.11 with an extremely high standard deviation. Specifically, listed companies from Taiwan outperformed those from Hong Kong and mainland China with an average score of 66.05, which is followed by listed companies in Hong Kong (58.66 points), Shanghai (36.56 points) and Shenzhen (26.73 points). Six out of the Top 10 in the 1st GCBSI were Hong Kong companies, and half of the Top 20 companies were from Taiwan. The Hong Kong and China Gas Company Limited and BOC Hong Kong (Holdings) Limited held the top and the second spots, respectively, in the GCBSI, GBABSI and HKBSI. In terms of stakeholder analysis, Taiwan companies maintained a balanced performance in all the seven stakeholder practices, while Shanghai and Shenzhen companies put a relatively stronger emphasis on government and investor.
“These results provide strong evidence to show the comparable standard between companies listed in Hong Kong and Taiwan in performing CSR for achieving sustainability among the Top 20 performers, while those listed in Shanghai and Shenzhen are on the whole in the catching up stage. There is a lot for Mainland-listed companies to learn from their Hong Kong and Taiwan counterparts in sustainability management,” explained Prof. Lo.
Hotel BSI – the First Business Sustainability Index for Listed Hotel Companies in Greater China
In a collaboration with Centre for Hospitality and Real Estate Research (CHRER) at CUHK Business School’s School of Hotel and Tourism Management, results of the inaugural Hotel BSI were also announced today, showing that leading international hotel chains and companies listed in Greater China are showing increasing concern for CSR and business sustainability.
The 1st Hotel BSI shows the annual business sustainability performance for the financial year ended in 2019-20, based on publicly available information of the 36 listed hotel companies in Greater China and six large international hotel chains. It aims at engaging hotel companies in continuous optimisation of CSR hotel practices, and thereby achieve sustainable development and concurrent growth to the benefit of both businesses and society.
Half of the hotel companies achieved over 50 points and reached the “Performer” level, which is comparable to internationally recognised standards of excellence in CSR. Currently, 61 percent of the Hotel BSI constituent companies are Hong Kong and Macau based companies or one of six international hotel chains, and 22 percent are Taiwan based and 17 percent are mainland China based. The Top 10 performers were mostly international hotel chains or Hong Kong listed companies, and only one non-Hong Kong based company entered the Top 10.
The 6th HKSMEBSI
Compiled and announced biannually since 2015, HKSMEBSI aims at inspiring small and medium enterprises (SMEs) in Hong Kong to adopt CSR as a management model to enable them to achieve business sustainability. A total of 27 SMEs with proven track records in CSR performance, namely, winners of major CSR related awards, were invited to complete an assessment questionnaire pertaining to their CSR performance for the preceding two years. For the 6th HKSMEBSI, the assessment was based on the 2020 data provided by the companies.
The overall average score of the index companies in the 6th HKSMEBSI is 78.73 (out of 100 points), a slight improvement compared with that of the 5th HKSMEBSI announced in 2019. Among the seven stakeholder practices, in comparison with the results of the 5th HKSMEBSI, community, customer and government saw improvement. Unlike the listed companies evaluated in the 6th HKBSI, the scores in Investor and Supplier practices decreased by 16.94 percent and 15.22 percent respectively.
Prof. Lo said, “It is very encouraging to see SMEs sustaining their high level of CSR performance, despite the difficult year of 2020, particularly in the delivery of their CSR initiatives. The stakeholder analysis has indicated that Customer remains the most important stakeholder group in the value chain than Investor and Supplier that received the greatest SMEs’ sustainability management attention. It is understandable that business survival is the top priority for SMEs of. At the same time, it is pleased to see their continuous and active pursuit of community engagement.”
The Inaugural Hotel BSI lays a good foundation for the compilation of a Global Hotel BSI. In 2022, CBS will continue to work with CHRER to introduce a BSI covering 80 listed hotel companies worldwide. This can not only encourage companies in the hotel industry to adopt CSR as a progressive business model to achieve business sustainability, but also serve as a robust indicator for ESG investors in selecting companies with socially responsible corporate behaviour. Furthermore, CBS will work closely with the Asia-Pacific Institute of Business, the executive education arm of CUHK Business School, on designing more training programmes and workshops on CSR applications and communication for the business community. Understand that business sustainability is an unended quest that requires companies to build management capacity on a continuous basis, CBS has set its future endeavour on cultivating sustainability talents by developing sustainability management into a knowledge-based profession. This includes the formulation of a qualification framework for the sustainability profession, the support of setting up of a sustainability professional association, and the organisation of sustainability management programme.
Please visit https://bit.ly/3j4CT7E to read the press release on the CUHK Business School website.
Appendix
The 6th HKBSI
Overall VPI Scores
6th HKBSI |
5th HKBSI |
Changes (6th vs 5th HKBSI) |
|||
Mean Score |
Performance Level |
Mean Score |
Performance Level |
||
Total |
58.66 |
Practicer |
57.54 |
Practicer |
+1.95% |
Values |
65.54 |
Performer |
65.22 |
Performer |
+0.49% |
Process – Management |
71.48 |
Performer |
66.60 |
Performer |
+7.33% |
Process – Practice |
66.51 |
Performer |
65.31 |
Performer |
+1.84% |
Impact |
37.68 |
Explorer |
38.62 |
Explorer |
-2.43% |
Stakeholder Analysis
Practice |
6th HKBSI |
5th HKBSI |
Changes (6th vs 5th HKBSI) |
Overall Scores |
66.51 |
65.31 |
1.84% |
Community |
61.64 |
62.50 |
-1.38% |
Customer |
69.12 |
68.81 |
0.45% |
Employee |
70.43 |
66.99 |
5.14% ↑ |
Environment |
67.40 |
67.26 |
0.21% |
Government |
53.80 |
52.36 |
2.75% ↑ |
Investor |
74.26 |
71.79 |
3.44% ↑ |
Supplier |
63.83 |
61.36 |
4.03% ↑ |
Overall Scores – HK vs. Non-HK Based Companies
|
Total |
Values |
Process – Management |
Process – Practice |
Impact |
||||||
HK based |
6th HKBSI |
67.00 |
1.18% |
72.33 |
0.51% |
80.50 |
5.63% |
75.98 |
1.86% |
45.48 |
-3.97% |
5th HKBSI |
66.22 |
71.96 |
76.21 |
74.59 |
47.36 |
||||||
Non-HK based |
6th HKBSI |
50.96 |
2.89% |
59.27 |
0.46% |
63.15 |
9.39% |
57.77 |
1.86% |
30.49 |
-0.16% |
5th HKBSI |
49.53 |
59.00 |
57.73 |
56.73 |
30.54 |
The Top 10 HKBSI Company Ranking
1. Hong Kong and China Gas Co., Ltd.
2. BOC Hong Kong (Holdings) Ltd.
3. HSBC Holdings plc
4. Sun Hung Kai Properties Ltd.
5. Hang Seng Bank Ltd.
6. MTR Corporation Limited
7. New World Development Co., Ltd.
8. CLP Holdings Ltd.
9. Sands China Ltd.
10. Sino Land Co., Ltd.
The 2nd GBABSI
Overall VPI Scores
2nd GBABSI |
1st GBABSI |
Changes (2nd vs 1st GBABSI) |
|||
Mean Score |
Performance Level |
Mean Score |
Performance Level |
||
Total |
52.86 |
Practicer |
45.60 |
Practicer |
+15.92% |
Values |
53.47 |
Practicer |
48.30 |
Practicer |
+10.70% |
Process – Management |
61.64 |
Performer |
54.90 |
Performer |
+12.28% |
Process – Practice |
61.79 |
Performer |
53.36 |
Performer |
+15.80% |
Impact |
37.68 |
Explorer |
29.84 |
Explorer |
+26.27% |
The Top 10 GBABSI Company Ranking
1. Hong Kong and China Gas Co., Ltd.
2. BOC Hong Kong (Holdings) Ltd.
3. Sun Hung Kai Properties Ltd.
4. Hang Seng Bank Ltd.
5. MTR Corporation Limited
6. New World Development Co., Ltd.
7. China Resource Power Holdings Co., Ltd.
8. Sands China Ltd.
9. Sino Land Co., Ltd.
10. Kerry Properties Ltd.
The 1st GCBSI
Overall VPI Scores
Total |
Values |
Process – Management |
Process – Practice |
Impact |
|
1st GCBSI – Taiwan |
66.05 (Performer) |
71.42 |
86.42 |
71.02 |
43.91 |
1st GCBSI – Shanghai |
36.56 (Explorer) |
44.54 |
36.72 |
44.15 |
23.53 |
1st GCBSI – Shenzhen |
26.73 (Explorer) |
27.74 |
25.60 |
37.26 |
16.27 |
6th HKBSI |
58.66 (Practicer) |
66.54 |
71.48 |
66.51 |
37.68 |
Stakeholder Analysis
|
Community |
Consumer |
Employee |
Environment |
Government |
Investor |
Supplier |
1st GCBSI – Taiwan |
70.82 |
74.05 |
77.83 |
67.16 |
54.68 |
79.70 |
64.97 |
1st GCBSI – Shanghai |
41.13 |
41.82 |
48.22 |
33.79 |
67.08 |
64.48 |
26.49 |
1st GCBSI – Shenzhen |
29.35 |
32.28 |
42.92 |
28.29 |
57.06 |
65.64 |
22.17 |
6th HKBSI |
48.56 |
61.26 |
62.26 |
54.68 |
61.15 |
65.49 |
55.16 |
The Top 10 GCBSI Company Ranking
1. |
Hong Kong and China Gas Co., Ltd. |
Hong Kong |
2. |
BOC Hong Kong (Holdings) Ltd. |
Hong Kong |
3. |
HSBC Holdings plc |
Hong Kong |
4. |
Ctbc Financial Holding Co., Ltd. |
Taiwan |
5. |
Sun Hung Kai Properties Ltd. |
Hong Kong |
6. |
Hang Seng Bank Ltd. |
Hong Kong |
7. |
Lite-On Technology Corporation |
Taiwan |
8. |
Taiwan Mobile Co., Ltd. |
Taiwan |
9. |
MTR Corporation Limited |
Hong Kong |
10. |
Far Eastern New Century Corporation |
Taiwan |
The Top 20 GCBSI Companies (in alphabetical order)
· Asustek Computer Inc. |
Taiwan |
· Cathay Financial Holding Co., Ltd. |
Taiwan |
· Chunghwa Telecom |
Taiwan |
· CLP Holdings Ltd. |
Hong Kong |
· Fubon Financial. |
Taiwan |
· New World Development Co., Ltd |
Hong Kong |
· Sands China Ltd. |
Hong Kong |
· Sino Land Co. Ltd. |
Hong Kong |
· Taiwan Semiconductor Manufacturing Company Limited |
Taiwan |
· United Microelectronics Corp. |
Taiwan |
The 1st Hotel BSI
Overall Performance Level
Rank |
1st Hotel BSI |
|
90-100 points Exemplar |
0 |
— |
80-89 points Pace-setter |
3 |
8.33% |
70-79 points Achiever |
1 |
2.78% |
60-69 points Performer |
2 |
5.56% |
50-59 points Practicer |
12 |
33.33% |
Below 50 points Explorer |
18 |
50% |
The Top 10 Hotel BSI Performers (in alphabetical order)
- Accor SA
- FDC International Hotels Corporation
- Hilton Worldwide Holdings Inc.
- Hong Kong and Shanghai Hotels Limited
- InterContinental Hotels Group PLC
- Marriott International Inc.
- MGM China Holdings Limited
- Miramar Hotel & Investment Company Limited
- Sands China Limited
- Wyndham Hotels & Resorts Inc.
The 6th HKSMEBSI
Overall VPI Scores
Total |
Values |
Process – Management |
Process – Practice |
Impact |
|
6th HKSMEBSI |
78.73 |
86.20 |
77.80 |
83.51 |
68.70 |
5th HKSMEBSI |
77.69 |
80.40 |
79.15 |
83.68 |
70.03 |
Stakeholder Analysis
|
Community |
Consumer |
Employee |
Environment |
Government |
Investor |
Supplier |
6th HKSMEBSI |
82.64 |
91.14 |
77.81 |
79.12 |
52.64 |
50.22 |
69.22 |
5th HKSMEBSI |
78.96 |
86.35 |
81.29 |
80.50 |
48.08 |
60.46 |
81.65 |
The Top 10 HKSMEBSI Company Ranking
1. Meiriki Japan Company Limited
2. Richform Holdings Ltd.
3. Jenston Technology Corporation Limited
4. Ultra Active Technology Limited
5. Diving Adventure Limited
6. City Cut Hair & Beauty Salon
7. Sunta Chemical Limited
8. Dunwell Enviro-Tech (Holdings) Ltd.
9. MYLAMSTUDIO
10. Intimex Business Solutions Company Limited
Participating HKSMEBSI Companies (in alphabetical order)
- Appetizup Co., Ltd.
- Arredamenti Company Ltd.
- CITYRAY TECHNOLOGY (CHINA) LIMITED
- EcoSage Limited
- Ensec Solutions Hong Kong Limited
- Fast Base Enterprises Ltd.
- Future Lighting Collection Limited
- Happy Star Travel Service Ltd.
- Kennic Ltd.
- KL Home Care Limited
- Milton Holdings International Limited
- OKIA Optical Co., Ltd.
- Projexasia Limited
- Sailing Boat Catering Group Limited
- Silver Printing Company Limited
- Sze Wo Chaan Gas Co., Ltd.
- Venture Global Limited
About CUHK Business School
CUHK Business School comprises two schools – Accountancy and Hotel and Tourism Management – and four departments – Decision Sciences and Managerial Economics, Finance, Management and Marketing. Established in Hong Kong in 1963, it is the first business school to offer BBA, MBA and Executive MBA programmes in the region. Today, CUHK Business School offers 10 undergraduate programmes and 18 graduate programmes including MBA, EMBA, Master, MSc, MPhil and Ph.D. The School currently has more than 4,600 undergraduate and postgraduate students from 20+ countries/regions.
In the Financial Times Executive MBA ranking 2020, CUHK EMBA is ranked 15th in the world. In FT‘s 2021 Global MBA Ranking, CUHK MBA is ranked 48th. CUHK Business School has the largest number of business alumni (40,000+) among universities/business schools in Hong Kong – many of whom are key business leaders.
More information is available at www.bschool.cuhk.edu.hk or by connecting with CUHK Business School on:
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About CUHK CBS
The Centre for Business Sustainability (CBS) is a collaboration between the Department of Management and the Department of Government and Public Administration at CUHK. Founded in June 2018, the CBS mission is to promote business sustainability as a viable and profitable business model through conducting innovative research on Corporate Social Responsibility (CSR) and sustainability management practices in the region. CBS also aims to transfer the acquired knowledge of CSR applications to both academic and business communities. The centre’s projects include Business Sustainability Indexes on listed companies and SMEs, local companies and corporations based in the Greater China Region.