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KPMG: Slower than expected interest rate cuts to support bank margins in 2025

Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growth

HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s banking sector showed signs of recovery in 2024 after a prolonged period of challenges. This positive trend is expected to continue in 2025, with the pace of US rate cuts expected to be slower than many forecasts.

KPMG’s latest report, the Hong Kong Banking Outlook 2025, predicts substantial opportunities for banks that are willing to adapt and innovate, with technologies like Generative AI and virtual assets set to transform operating models. The report provides insights and predictions from KPMG experts regarding the outlook for Hong Kong and highlights key themes for banks to focus on this year, including embracing emerging technologies, staying abreast of ESG trends and keeping pace with regulatory developments.

Paul McSheaffrey, Senior Banking Partner, Hong Kong, KPMG China, says: “2024 marked an improvement for Hong Kong’s banking sector, with signs of recovery emerging after a prolonged period of challenges. Driven by policy shifts in the Chinese Mainland, these developments have laid the groundwork for cautious optimism entering 2025. Some green shoots of recovery have been seen, including an uptick in funds raised on the Hong Kong Stock Exchange and positive policy measures in the Chinese Mainland aimed at stimulating consumer demand. Thus, we are more optimistic about the prospects of the Hong Kong banking sector during the year.”

For retail and commercial banks, KPMG believes that the pace of interest rate reductions will be slower than many forecasts suggest, which will help banks preserve their margins. For investment banks, the positive policy measures in China are expected to enhance consumer sentiment, thereby fostering capital raising and M&A activity in China, ultimately benefiting Hong Kong.

Jianing Song, Head of Banking and Capital Markets, Hong Kong, KPMG China, says: “As we enter 2025, the environment faced by banks is becoming increasingly complex. However, we believe that this year will bring substantial opportunities for banks willing to adapt and innovate. Emerging technologies, such as Generative AI and virtual assets, have the potential to transform operating models. Through cost optimization, data governance, and digital transformation, banks can navigate their current challenges and build a foundation for long-term growth.”

Resilience remains a key regulatory focus

Resilience against cyber fraud and financial crime will remain a top priority in 2025 as losses experienced by banks and customers continue to make headlines. Meeting regulatory expectations will be crucial, with a strong focus on implementing existing regulations and new resilience requirements. AI adoption will be become a sector-wide topic in financial crime over the next two years, as authorised institutions and regulators gear up to tackle risks and meet regulatory expectations.

KPMG also expects Hong Kong regulators to launch initiatives to further encourage the use of distributed ledger technology (DLT) in the banking industry. This is driven by the need to build resilience against the operational risks associated with traditional settlement and payment infrastructure. It also addresses the need for banks to adapt their business models in the face of competition from new Fintech market entrants and ‘digital natives’.

Strategic cost optimisation

Geopolitical uncertainty, rising operational expenses and increasing regulatory requirements mean that manging costs will remain a focus in the banking sector. Instead of implementing broad cost-cutting measures, KPMG expects banks to adopt a more strategic approach centered on cost optimization. This involves identifying the root causes of inefficiency and implementing targeted corrective interventions. Automation can be an effective tool in this process, addressing latent inefficiency in core processes across front, middle, and back office. This can lead to increased productivity, reduced cost to serve, an enhanced customer experience and ultimately, a stronger top line.

Digital transformation trends

The pace of digital transformation in Hong Kong’s banking sector is expected to accelerate in 2025. More than one-third of financial institutions are already integrating Generative AI, supported by government initiatives such as the HKMA’s Generative AI Sandbox. Virtual assets have also been ranking high on the digital transformation agenda for banks, with initiatives like HKEX’s Virtual Asset Index Series and HKMA’s Project Ensemble Sandbox accelerating Hong Kong’s tokenisation market development. KPMG expects policy support to continue in this area throughout 2025.

In 2025, Hong Kong banks should prioritise digitising their operations by leveraging resources such as Fintech Connect; expanding their digital-savvy workforce through talent acquisition and upskilling; and future-proofing their digital asset and Generative AI readiness by establishing a robust data governance framework.

Hashtag: #KPMG:

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

About KPMG China

KPMG China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.

KPMG firms operate in 142 countries and territories with more than 275,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture license in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012.

Celebrating 80 years in Hong Kong
In 2025, KPMG marks “80 Years of Trust” in Hong Kong. Established in 1945, we were the first international accounting firm to set up operations in the city. Over the past eight decades, we’ve woven ourselves into the fabric of Hong Kong, working closely with the government, regulators, and the business community to help establish Hong Kong as one of the world’s leading business and financial centres. This close collaboration has enabled us to build lasting trust with our clients and the local community – a core value celebrated in our anniversary theme: “80 Years of Trust”.

A New Year, A New Beginning LANDMARK Welcomes the Year of the Snake with Nicolai Bergmann’s Flourishing Blooms


HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – To honour the spirit of the Lunar New Year, LANDMARK presents Flourishing Blooms, a vibrant celebration of artistry and tradition by internationally acclaimed flower artist Nicolai Bergmann. This marks Bergmann’s first major Hong Kong installation, coinciding with the 25th anniversary of his iconic Flower Box. From 23 January to 8 February, LANDMARK will showcase a captivating floral installation at LANDMARK ATRIUM, awash in vibrant red, a timeless symbol of joy, unity, and prosperity.

LANDMARK 1

Internationally acclaimed flower artist Nicolai Bergmann, known for his distinctive blend of Scandinavian and Japanese aesthetics, makes his Hong Kong debut with Flourishing Blooms at LANDMARK. Born in 1976 in Copenhagen, he has established a unique style that captivates audiences worldwide. For this special Lunar New Year installation, Bergmann reimagines his signature Flower Box, trading its classic black for a vibrant, auspicious red. This innovative gift, which has become a beloved classic, showcases his ability to elevate floral design into an art form. The festive red cascades of blossoms create a captivating spectacle at the heart of the atrium, reflecting his ongoing collaboration with leading luxury brands and his role as a prominent representative of Japan in the world of floral artistry.

“My passion lies in discovering new ways to evoke wonder and joy through floral art, pushing the boundaries of its possibilities. The Flower Box is a perfect example of this vision,” says Bergmann. “I wanted to reimagine how flowers can be gifted and displayed, and incorporating the Flower Box into this Lunar New Year installation felt like the ideal way to celebrate this festival. Each box, reimagined in vibrant red for the New Year, is filled with an exquisite blend of flowers, creating a rich tapestry of textures and colours that symbolize abundance and prosperity.”

LANDMARK 2

Flourishing Blooms at LANDMARK invites guests to explore this enchanting floral landscape. Admire the intricate details of the towering Flower Boxes and discover charming details that celebrate the rich symbolism of Lunar New Year. Featuring over 50 types of flowers, the installation is a vibrant tapestry of colour and texture, with cascading blossoms creating a sense of wonder and enchantment.

Guests can also share the joy of the season and take home a piece of artistry by purchasing limited-edition Lunar New Year gifts from Nicolai Bergmann Flowers & Design, available only at LANDMARK from 23 to 26 January. Marking the brand’s first-ever pop-up store in Hong Kong, and the first time these exclusive products have been available for sale here, this is a unique opportunity to acquire a piece of floral artistry. This special edition features a vibrant red box and a unique floral design for this collaboration. In addition to the Flower Box, a selection of auspicious flower arrangements, all designed, produced and sold by Nicolai Bergmann Flowers & Design, will make the perfect Lunar New Year gift, capturing the beauty and artistry of the installation.

“It’s a precious opportunity to share my work with the people of Hong Kong for the first time,” says Bergmann. “I’m delighted to present this installation in Hong Kong and share its message of hope and prosperity with this vibrant city.”

LANDMARK strives to create world-class experiences that captivate and delight visitors. This Lunar New Year, the artistic vision of Nicolai Bergmann transforms LANDMARK ATRIUM into an unforgettable celebration of art, nature, and the spirit of the New Year. Discover the magic of Flourishing Blooms at LANDMARK.

Appendix

LANDMARK x Nicolai Bergmann Flowers & Design collaborated Lunar New Year Flower Box

Pop-up Floral Cart Operation Time:
23 January: 1pm to 6pm
24 to 26 January: 11am to 6pm

Location: Ground Floor, LANDMARK ATRIUM (next to the installation)

Merchandise Details
Joyful Red Flower Box (Small)
HK$880

Joyful Red Flower Box (Medium)
HK$1,180

Abundance in Bloom – Flower Arrangement (Small)
HK$1,700

Abundance in Bloom – Flower Arrangement (Large)
HK$2,280

Exclusive Privileges for Visiting Tourists

Tourist Promotion EN

This Lunar New Year and Valentine’s Day, LANDMARK invites visiting tourists to create unforgettable memories with loved ones. Enjoy exclusive privileges and curated experiences, with rewards totaling over HK$18,000. From 23 January to 16 February 2025, redeem your rewards as you shop, dine, and celebrate at LANDMARK.

Spending Requirement (HK$) Exclusive Privileges
No spending required
  1. HK$100 Dining Reward X 1 with a minimum spend of HK$500.
  2. HK$200 Shopping Reward x2 with a minimum spend of HK$5,000.
  3. HK$800 Shopping Reward X 2 with a minimum spend of HK$20,000.
Upon spending HK$40,000 or more
(up to 3 invoices)
  1. Exclusive dining experience for 2 guests (Valued at over HK$2,600)
    • Amber: Savour modern French finesse at the 2 Michelin-starred and green-starred Amber, featuring a curated four-course lunch menu with a selection of the restaurant’s signatures for 2 guests.
    • Ami: Four-course Tasting Lunch for 2 persons (Monday to Saturday).
    • Café LANDMARK: Nestled in the heart of Hong Kong, savour the exquisite tea set for 2 guests while embracing the opulent surroundings with effortless elegance.
    • Mandarin Oriental, Hong Kong: Legendary Afternoon Tea for 2 guests at Clipper Lounge or Café Causette.
  2. Enjoy access to our luxury salon with two complimentary BESPOKE Salon Lounge Passes.

This reward is valid until 31 August 2025.

Upon spending HK$100,000 or more
(up to 3 invoices)
Receive an HK$5,000 Shopping Reward with a minimum spend of HK$20,000 for your next purchase.

This reward is valid until 31 August 2025.

Upon cumulative spending RMB¥40,000 or more with Alipay CN
(within 7 days)
Receive up to RMB¥8,000 additional Shopping Reward.

Promotional period: from 23 January to 22 March 2025.

Terms and conditions apply. For more details, please visit the campaign site:
https://www.landmark.hk/en/whats-on/happenings/cny2025-tourist-promotion/

Hashtag: #LANDMARK

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

About LANDMARK

LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.

About Hongkong Land

Hongkong Land is a major listed property investment, management and development group. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 850,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. The Group has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, which is due to be completed in 2028. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.

About Nicolai Bergmann

Born in 1976 in Copenhagen, Nicolai Bergmann is one of the most recognizable flower artists who has established a unique style that blends Scandinavian and Japanese design concepts. With flower design at the core of his practice, Nicolai Bergmann continues to expand his work, especially in the fashion and design fields, collaborating with many leading luxury brands. He is also one of the most well known flower artist to represent Japan.

Yiren Digital Recognized for Outstanding ESG Performance, ranked in Top 17% in S&P Global CSA

BEIJING, Jan. 24, 2025 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, was recognized for its outstanding Environmental, Social, and Governance (ESG) performance in the 2024 S&P Global Corporate Sustainability Assessment (CSA). To date, Yiren Digital ranked in the top 17% globally within the Diversified Financial Services and Capital Markets sector.

Among the CSA evaluation criteria, Yiren Digital demonstrated notable advancements in information security, business ethics, risk management, and corporate governance. These improvements reflect the dedicated efforts and substantial progress the Company has made in driving sustainable development this year.

The S&P Global CSA is a world-renowned annual evaluation of a company’s sustainability practices. It enables companies to benchmark their performance on a wide range of industry-specific economic, environmental, and social criteria that are relevant to the growing number of sustainability-focused investors and are expected to be financially relevant to corporate success.

Annual ESG Report and Key Achievements

Yiren Digital released its first ESG Report (the “Report”) since its listing, showcasing its progress in 2023 and future ESG targets. In the Report, the Company outlined its goal to reduce the average Power Usage Effectiveness (PUE) of its leased data centers to 1.3 by 2024, underscoring its commitment to green finance and sustainability.

Furthermore, in collaboration with leading partners, Yiren Digital also introduced over 100 environmental protection indicators into its risk control model, effectively identifying potential environmental risks of funding applicants. This initiative directs capital toward green initiatives such as environmental protection, energy efficiency improvement, and the development of clean energy.

Integrating ESG Principles into Corporate Strategy

Yiren Digital has seamlessly integrated ESG principles into its corporate strategy and daily operations, emphasizing long-term value creation and social responsibility. The Company promotes environmental sustainability and protection through green finance initiatives and innovative products that accelerate the global transition to renewable energy.

Furthermore, Yiren Digital leverages AI-powered models to unlock new opportunities to transform the industry. By adopting cutting-edge technology and innovative concepts, the Company is simultaneously driving its own growth and revitalizing the broader industry with sustainable initiatives.

At the heart of these initiatives is a robust ESG governance framework. Yiren Digital adheres to local laws, regulations, and listing requirements and is strengthening its corporate governance system with clearly defined responsibilities and efficient processes. This approach ensures compliance, mitigates risks, and drives sustainable growth

By embedding ESG principles at every operational level, Yiren Digital is making significant progress toward a more sustainable future while delivering long-term value to both society and its shareholders.

Yiren Digital’s unwavering commitment to ESG has earned a number of accolades and honors. In September 2024, Yiren Digital was named “Outstanding ESG Enterprise” at the 2024 Global Zhejiang Entrepreneurs ESG Conference in Hangzhou. Additionally, one of its projects was selected as part of the “2024 Global Zhejiang Entrepreneurs ESG Top 100 Case Studies” and featured in the Zhejiang Entrepreneurs ESG Collection. Earlier in December, Yiren Digital was recognized as an “ESG Innovation Pioneer Enterprise” at 2024 ESG Sustainable Development Ecosystem Conference.

About Yiren Digital

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. Our mission is to elevate customers’ financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

Global Promotional Itinerary Launched to Promote 8th CIIE

SHANGHAI, Jan. 24, 2025 /PRNewswire/ — Following the resounding success of the 7th China International Import Expo (CIIE), the CIIE Bureau has embarked on the global promotion of the 8th CIIE, scheduled for 2025, seeking to encourage further integration of enterprises into the vast Chinese market.


As returning participants of the CIIE, Germany, Denmark, and the Netherlands serve as the inaugural stops on the global promotional itinerary. During this journey, two promotional events were held separately — one at Dansk Industri in Denmark and the other at Yu Garden in Hamburg, Germany. A working meeting is scheduled to take place in Tilburg, the Netherlands.

With the exposure of business cooperation opportunities provided by the expo, German companies secured quite large exhibition space at the 7th CIIE, occupying over 26,000 square meters. Industry-leading enterprises such as Heraeus, SCHOTT and Merck made a strong impression in the newly established new materials zone, showcasing a diverse range of high-quality materials and cutting-edge technologies.

Danish innovation in green technologies and solutions shined at the 7th CIIE. Under the meticulous organization of Dansk Industri, there is a dual-booth setup booths themed around life science, health, and food, bringing 18 renowned brands to the forefront, highlighting attractive products and innovative solutions.

In previous editions of the CIIE, Dutch companies have showcased their expertise and innovation across various sectors, ranging from agriculture and consumer goods to semiconductors and healthcare. Alongside big Dutch companies like ASML and Philips, innovative SMEs and startups also actively involved in the 7th CIIE, including those specializing in the dairy industry.

The promotional events emphasized the vast potential of the Chinese market for enterprises from Germany, Denmark and the Netherlands. The newly released Report on the Media Coverage and Influence of the seventh China International Import Expo also demonstrates the expo’s substantial international influence by showcasing its unique openness, diverse highlights, fruitful cooperation outcomes, and multi-platform communication.

Visit CIIE official website for more information: https://www.ciie.org/zbh/en/?from=prnewswire

Contact: Ms. Cui Yan Tel.: 0086-21-968888 Email: exhibition@ciie.org 

Schneider Electric named The World’s Most Sustainable Corporation for a second time

  • First-ever corporation to top Corporate Knights Global 100 twice
  • 14th consecutive year in Global 100 index, 7th top 10 ranking
  • Follows strong 2024 performance in other key ESG ratings

HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Schneider Electric, the leader in the digital transformation of energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights and is the only company to rank first in the Global 100 twice. Schneider Electric previously topped this annual list of the most sustainable publicly listed companies, generating annual revenues of over $1bn in 2021. This unique achievement underlines Schneider’s long-standing commitment and holistic approach to delivering the best environmental, social and governance (ESG) performance possible.

“For many years now, sustainability has been at the heart of what Schneider Electric does. For an IMPACT company it’s more than just a corporate goal, it’s the driving force that shapes our business decisions and inspires our employees,” said Olivier Blum, Schneider Electric’s Chief Executive Officer. “This second title as the World’s Most Sustainable Corporation from Corporate Knights, alongside other key ESG recognitions, is testimony to the valuable, long-term positive impact we have.”

This year, Schneider Electric’s number one position reflects the company’s leadership in sustainable development practices, such as the gender diversity of its executives and board directors, and its innovative solutions to facilitate energy efficiency, electrification and decarbonization. Schneider also obtained strong scores for efforts to decouple its energy consumption and carbon emissions from its business growth, and its strong investment in sustainable research and development. Corporate Knights also called out the link between executive pay incentives and Schneider Electric’s sustainability performance and ESG ratings.

“Schneider Electric’s position at the top of the Global 100 index is remarkable. No other company has accomplished this twice,” said Toby Heaps, Corporate Knights’ CEO. “This success stems from Schneider’s broad impact that goes beyond its own sustainability efforts. Schneider provides the technology to enhance energy efficiency, support decarbonization and help other companies in their sustainable transitions.”

Compiled by the Canadian media and research company, Corporate Knights, the annual Global 100 index is based on publicly disclosed, quantitative data related to resources, employees, suppliers, sustainable revenues, and investment. The Global 100 methodology uses fixed and variable key performance indicators to rank companies among their peers. Schneider Electric has been part of the Global 100 every year for the past 14 years and in the top 10 seven times — a record for its electrical equipment manufacturing peer group.

Being awarded this title in both 2021 and 2025 coincides with the beginning and end of the five-year period of the latest Schneider Sustainability Impact program. This program measures the company’s progress across a range of transformative ESG targets set for the end of 2025 and helps maintain an unwavering focus on achieving both its global and local ambitions.

Schneider’s sustainability leadership is further affirmed with these latest scores from prominent ESG rating providers:

Sustainability External ratings 2024 score Highlights Assessed universe (# companies)
S&P Global Corporate Sustainability Assessment (CSA) 86/100
  • Industry leader
  • Included in the DJSI World index for the 14th consecutive year and in the DJSI Europe index
13,000
EcoVadis (1) 85/100
  • Outstanding level for the 2nd consecutive year
  • Platinum medal (top 1% of all companies assessed) for 5th year
130,000
Moody’s Analytics (Vigeo Eiris) 73/100
  • Included in the Euronext Vigeo World 120, Europe 120, Euro 120, France 20, and CAC40 ESG indices
4,800
MSCI ESG rating AAA
  • Leader among 165 companies in its peer group
  • AAA for 14th year
  • Included in the World ESG leaders and Socially Responsible indices
8,500
Sustainalytics ESG Risk rating Low risk
  • Industry Top-Rated ESG Performer
  • 1st out of 301 companies in its peer group
16,000
(1)2025 score

Related resources:

Hashtag: #SchneiderElectric #Sustainability #ESG #Award

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

About Schneider Electric

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on .

Schneider Electric named The World’s Most Sustainable Corporation for a second time

  • First-ever corporation to top Corporate Knights Global 100 twice
  • 14th consecutive year in Global 100 index, 7th top 10 ranking
  • Follows strong 2024 performance in other key ESG ratings

HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Schneider Electric, the leader in the digital transformation of energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights and is the only company to rank first in the Global 100 twice. Schneider Electric previously topped this annual list of the most sustainable publicly listed companies, generating annual revenues of over $1bn in 2021. This unique achievement underlines Schneider’s long-standing commitment and holistic approach to delivering the best environmental, social and governance (ESG) performance possible.

“For many years now, sustainability has been at the heart of what Schneider Electric does. For an IMPACT company it’s more than just a corporate goal, it’s the driving force that shapes our business decisions and inspires our employees,” said Olivier Blum, Schneider Electric’s Chief Executive Officer. “This second title as the World’s Most Sustainable Corporation from Corporate Knights, alongside other key ESG recognitions, is testimony to the valuable, long-term positive impact we have.”

This year, Schneider Electric’s number one position reflects the company’s leadership in sustainable development practices, such as the gender diversity of its executives and board directors, and its innovative solutions to facilitate energy efficiency, electrification and decarbonization. Schneider also obtained strong scores for efforts to decouple its energy consumption and carbon emissions from its business growth, and its strong investment in sustainable research and development. Corporate Knights also called out the link between executive pay incentives and Schneider Electric’s sustainability performance and ESG ratings.

“Schneider Electric’s position at the top of the Global 100 index is remarkable. No other company has accomplished this twice,” said Toby Heaps, Corporate Knights’ CEO. “This success stems from Schneider’s broad impact that goes beyond its own sustainability efforts. Schneider provides the technology to enhance energy efficiency, support decarbonization and help other companies in their sustainable transitions.”

Compiled by the Canadian media and research company, Corporate Knights, the annual Global 100 index is based on publicly disclosed, quantitative data related to resources, employees, suppliers, sustainable revenues, and investment. The Global 100 methodology uses fixed and variable key performance indicators to rank companies among their peers. Schneider Electric has been part of the Global 100 every year for the past 14 years and in the top 10 seven times — a record for its electrical equipment manufacturing peer group.

Being awarded this title in both 2021 and 2025 coincides with the beginning and end of the five-year period of the latest Schneider Sustainability Impact program. This program measures the company’s progress across a range of transformative ESG targets set for the end of 2025 and helps maintain an unwavering focus on achieving both its global and local ambitions.

Schneider’s sustainability leadership is further affirmed with these latest scores from prominent ESG rating providers:

Sustainability External ratings 2024 score Highlights Assessed universe (# companies)
S&P Global Corporate Sustainability Assessment (CSA) 86/100
  • Industry leader
  • Included in the DJSI World index for the 14th consecutive year and in the DJSI Europe index
13,000
EcoVadis (1) 85/100
  • Outstanding level for the 2nd consecutive year
  • Platinum medal (top 1% of all companies assessed) for 5th year
130,000
Moody’s Analytics (Vigeo Eiris) 73/100
  • Included in the Euronext Vigeo World 120, Europe 120, Euro 120, France 20, and CAC40 ESG indices
4,800
MSCI ESG rating AAA
  • Leader among 165 companies in its peer group
  • AAA for 14th year
  • Included in the World ESG leaders and Socially Responsible indices
8,500
Sustainalytics ESG Risk rating Low risk
  • Industry Top-Rated ESG Performer
  • 1st out of 301 companies in its peer group
16,000
(1)2025 score

Related resources:

Hashtag: #SchneiderElectric #Sustainability #ESG #Award

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

About Schneider Electric

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on .

Webull Malaysia Launches US Options Trading for Retail Investors with 50% off on US stock trading commission fees

KUALA LUMPUR, Malaysia, Jan. 24, 2025 /PRNewswire/ — Webull Securities (Malaysia) Sdn. Bhd. (“Webull Malaysia”), a subsidiary of Webull Corporation, a leading digital investment platform, today announced the launch of US stock and index options trading for retail investors, which officially went live on December 23, 2024. This new feature provides retail investors that have a higher risk appetite with additional alternatives to diversify their portfolios and investment strategies in the US market.

With the introduction of US stock and index options to Webull Malaysia’s suite of products and tools, local retail investors can now explore a range of investment strategies, including hedging and leveraging. Investors will also be able to access real-time options price data such as OPRA and CSMI market data, empowering investors with additional information to make informed investment decisions and to capture market opportunities as they unfold. Furthermore, investors will be able tap on smart trading tools available on the Webull platform, including a customizable Options chain, real-time market charts and research tools to analyse their preferred US equities.

Webull’s tools empower investors to navigate the dynamic trends of US markets effectively while allowing investors to develop robust risk management strategies to manage their portfolio exposure and performance. The Webull platform also enables investors to execute various order types, including market orders, limit orders, stop orders, when trading US options. To celebrate the launch of US options trading and to thank our customers, Webull Malaysia is currently offering a 50% discount on US stock trading commission fees throughout January, which means US stock commission fees are available at only 0.025%, offering the most competitive commission fees across Malaysia. In addition, new users who open an account and trade with Webull can enjoy a 90-day commission-free period.


Webull’s US options feature adopts a flat fee system of USD0.55 per contract, offering greater transparency and a more competitive pricing model compared to other brokerages in the market. Regardless of whether trading US stocks or US options, Webull offers zero platform fees and no hidden charges. Webull’s transparent and straightforward fee structure ensures investors enjoy a stress-free trading experience, free from unexpected costs or fee traps.  As a leading US brokerage with more than 40 million downloads worldwide, Webull offers the best and most competitive trading fees for US stocks and US options in the market, complemented by a comprehensive suite of products and functions.


Kenneth Chan, CEO, Webull Malaysia, said, “At Webull Malaysia, we remain committed to introducing new products and features driven by investor feedback and demand. With the launch of US options, investors will be able to diversify their portfolios and trade US equities aligned with their risk appetite. By integrating user insights with our expertise, we will continue to deliver new features and products that provide investors with a seamless and rewarding trading experience.”

With this latest offering, Webull aims to strengthen its position as a market leader in Malaysia’s broking industry, delivering cutting-edge products and services tailored to meet the unique needs of Malaysian investors. In addition to the new US options product, Webull Malaysia currently offers investors a suite of professional trading tools, including over 17 charting tools and more than 58 technical indicators. The platform also provides timely and professional analyst ratings on various equities, helping investors refine their investment strategies and analysis.

To learn more about Webull Malaysia’s US options product, more information is available on the website: https://www.webull.com.my/us-options

Media contact:

Cognito for Webull
Webull@cognitomedia.com

About Webull:

Webull is a leading digital investment platform built on next generation global infrastructure. The Webull Group operates in 15 regions globally and is backed by private equity investors located in the United States, Europe and Asia. Webull serves more than 20 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures and fractional shares through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at https://www.webullcorp.com/.

China Automotive Systems Announces Subsidiary’s Annual Sales Milestone of 5 Million Units and New Driver Assist Products in Mass Production

WUHAN, China, Jan. 24, 2025 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that its largest  subsidiary by sales, Jingzhou Henglong Auto Parts Manufacturing Co., Ltd. (“Jingzhou Henglong”), achieved a  production and sales increase of 35% year-over-year in the fourth quarter of 2024, and reached a new single monthly record high sales and production in December 2024 of more than 620,000 units, a 46.7% year-over-year increase.  For 2024, annual production and sales volume exceeded 5 million units, representing an 18.5% year-over-year growth.

The Company also announced that the R-EPS steering product developed for Nanjing Iveco has entered mass production after successfully passing the Production Part Approval Process (“PPAP”) assessment.  The R-EPS steering gears feature an electric motor with control unit, and a ball nut and belt drive reduction system, compared with hydraulic pressure, to provide steering assist.  R-EPS is lighter with improved efficiency creating increased mileage and range.  R-EPS architecture is capable of performing autonomous driving functions such as Automatic Parking, Lane Keep Assist (LKA) and Lane Follow Assist (LFA).  R-EPS is compatible with medium- and heavy-duty passenger vehicles and light commercial vehicles.

The success of the R-EPS project is a further testament to CAAS’ superior engineering and technology development by incorporating artificial intelligence.  With the growing trend of embracing artificial intelligence in the automotive industry, CAAS accelerated the research and development of innovative electric products, focusing on improved material science and manufacturing processes.  All R-EPS products endured intense performance testing to ensure stability and durability.

Nanjing Iveco Automobile Co Ltd is a joint venture between Iveco and Nanjing Automobile (Group) Corporation.

Mr. Qizhou Wu, the Chief Executive Officer of CAAS, commented, “CAAS continues to march forward. In 2024, our existing R-EPS production line could produce 100,000 units per annum, and with the new R-EPS production line expansion, annual production capacity will reach 250,000 units in 2025 and is expected to reach 400,000 units by 2027.”

About China Automotive Systems, Inc.

Based in Hubei Province, the People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through its sixteen Sino-foreign joint ventures and wholly owned subsidiaries. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 8 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Stellantis N.V. and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 28, 2024, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict, and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.
jieli@chl.com.cn

Kevin Theiss
Awaken Advisors
+1-212-521-4050
Kevin@awakenlab.com