Category: ESG

INNIO Group Announces That Its Jenbacher Brand is a Winner of the COGEN Europe Recognition Award 2023 for Market Development

  • INNIO’s Jenbacher brand received the COGEN Europe Market Development Award 2023 in recognition of four major projects across the cogeneration sector.
  • The COGEN Europe event highlighted the latest trends from the energy world in the presence of industry representatives, policymakers, and other key stakeholders.
  • COGEN Europe’s recognition of the Jenbacher product brand underpins INNIO’s long-standing success in the delivery of cogeneration projects, which help empower a secure, affordable, and climate-friendly energy supply.

INNIO Group (INNIO*) today announced that its Jenbacher* product brand has been selected as a winner of the COGEN Europe Recognition Award 2023 for Market Development (Organization).

The Jenbacher team, as part of INNIO, was recognized for its expertise in designing truly integrated energy systems that can be replicated at the local level across diverse settings and in various applications in both communities and industries. The jury lauded the Jenbacher experts for their approach to sector development, which focuses on the cost-effective decarbonization of entire energy systems while following system integration principles.

COGEN Europe referenced four major Jenbacher projects in Germany that demonstrate what future energy systems can look like: Stadtwerke Kiel AG, Stadtwerke Tubingen, Stadtwerke Bad Sackingen GmbH, and Burger Energie Neckar Enz (B.E.N.E.) GmbH & Co. KG. These projects combine wind and/or solar, cogeneration plants, renewable gases, large heat pumps, and storage with intelligent plant management.

Jenbacher technology is empowering industries and communities to reduce CO2 emissions significantly. All new Jenbacher engines can be converted to operate on up to 100% hydrogen once hydrogen is available.

“Efficiency must pay off! Only with cogeneration will it be possible to sufficiently relieve the electricity grids and thus ensure a secure, affordable, and climate-neutral energy future,” said Dr. Olaf Berlien, president and CEO of INNIO. “Decentralized, flexible combined heat and power plants are needed to ensure a resilient power and heat supply.”

“INNIO is helping Europe move toward climate neutrality,” said Hans Korteweg, managing director for COGEN Europe. “INNIO’s relentless search for reliable and efficient energy solutions is helping Europe meet energy needs while also empowering the way to net zero. INNIO’s work as a pioneer in fuel flexible cogeneration serves as a prime example of developing, applying, and promoting cogeneration to help meet the energy challenges of today and tomorrow.”

COGEN Europe Recognition Awards recognize organizations and individuals for their achievements in developing, applying, and promoting cogeneration in Europe. This year, the winners were chosen by a jury of industry professionals, NGOs, and representatives of the research community with broad sector knowledge.

About INNIO Group (INNIO)

INNIO* Group is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher* and Waukesha* and our digital platform myPlant*, we offer innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. INNIO is individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we enable our customers to manage the energy transition along the energy value chain wherever they are in their transition journey.

INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 4,000 experts provides life-cycle support to the more than 55,000 delivered engines globally through a service network in more than 100 countries.

INNIO’s improved ESG Risk Rating again secures the number one position across more than 500 companies globally in the machinery industry assessed by Sustainalytics. For more information, visit the INNIO Group website at www.innio.com. Follow INNIO and its brands on Twitter and LinkedIn.

*INNIO, Jenbacher, Waukesha, and myPlant are trademarks of the INNIO Group or one of its affiliates. All other trademarks and company names are the property of their respective owners.

Contact Information
Susanne Reichelt
INNIO Media Relations
susanne.reichelt@innio.com
+43 664 80833 2382

Solar Powered Sunscreen: EcoZinc a World First in Sustainable Zinc Oxide Innovation

  • Breaking New Ground with EcoZinc: Advance ZincTek’s Solar-Powered Sun Care Innovation Uplifting Industry Standards

Advance ZincTek, Australia’s leading manufacturer of natural Sunscreen Actives, announces the launch of EcoZinc, the world’s first solar-powered, non-nano zinc oxide powder for SPF-rated cosmetics and sunscreens. EcoZinc not only minimizes environmental impact, but also achieves a dramatic reduction in carbon emissions-saving over 1011g of CO2 per kilowatt of energy used compared to traditional zinc oxide production.

Solar Installation

Engineered via Advance ZincTek’s state-of-the-art ZinClear XP architecture, it ensures unmatched sustainability & uniform particle distribution in five BET ranges. Offering 23.08% more absorbance at a wavelength of 290nm than some competitors, EcoZinc merges top-tier skin protection and sustainability.

“EcoZinc represents a major evolution for both skincare brands and consumers striving to protect their skin and the planet,” said Advance ZincTek’s Managing Director Geoff Acton. “Our 100% solar-powered manufacturing process testifies to our resolution to spearhead the industry transition towards safer, sustainable sun protection.”

EcoZinc’s eco-friendly zinc oxide provides an integral solution for reef-safe cosmetics that meet the stringent regulations of regions such as Hawaii, Mexico, and Thailand. Through EcoZinc, companies can eliminate harmful synthetic chemicals from their products, significantly minimizing the impact on marine life.

Advance ZincTek’s recent announcement on June 21, 2023, revealed a significant Australian sunscreen manufacturer’s commitment to transition to EcoZinc for all their products, indicating a marked shift in industry preference towards safer, sustainable sunscreen ingredients.

Joseph Mizikovsky, product lead for Reef Safe, a new brand leveraging EcoZinc in its formulations, noted the industry’s necessity for such a shift. “We’re thrilled to be part of the sustainable innovation that EcoZinc brings. Numerous sunscreen brands, including many renowned Australian labels, typically rely on chemical UV filters; however, none have been deemed safe and effective by the US FDA (Food and Drug Administration). With EcoZinc, we aim to establish a new standard, prioritizing safety and sustainability to minimize environmental impact, especially in sensitive areas like marine parks and reefs. Zinc oxide remains the only broad spectrum UV filter approved as safe and effective by the FDA,” stated Mizikovsky.

Reef Safe’s incorporation of EcoZinc into their sunscreen signifies not just the delivery of a product that meets the highest global sustainability and safety standards but also endorses the global shift towards clean, green, and safe sun care solutions.

Fulfilling Environment, Social, and Governance (ESG) commitments, EcoZinc provides benefits that directly aid corporate ESG adherence, thereby enabling companies to achieve their sustainability goals while delivering exceptional products.

For more information and to request a sample for your brand, visit https://www.advancezinctek.com/ecozinc.

Contact Information:
Geoff Acton
Managing Director
sales@antaria.com

Pacific Green Completes Transaction to Sell Its 99MW Richborough Energy Park Battery Development for GBP 74 Million (US$93 Million)

Pacific Green Technologies, Inc. (Pacific Green), (OTCQB:PGTK) announces that it has completed the sale of 100% of the shares in Pacific Green Battery Energy Parks 1 Limited (PGBEP1) to Sosteneo Fund 1 HoldCo S.a.r.l, an energy transition focused fund for GBP74 million (US$93 million).

PGBEP1 is the holding company for 100% subsidiary, Richborough Energy Park Limited, Pacific Green’s 99MW battery energy storage system (“BESS”) at Richborough Energy Park (“REP”) which begins operations later this summer.

Scott Poulter, Pacific Green’s CEO, commented: “The sale of Richborough Energy Park creates the platform for Pacific Green to now scale its Battery Park division internationally. This is a very exciting time for the business and we are proud to be part of the drive to net-zero.”

Pacific Green were advised by JLL Energy and Infrastructure and Gowling WLG.

About Pacific Green Technologies, Inc.:
Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. The Company offers Battery Energy Storage Systems and Concentrated Solar Power (CSP) to complement its marine environmental technologies and emissions control divisions. Pacific Green has offices in the USA, Canada, United Kingdom, Australia, Saudi Arabia and China. For more information, visit Pacific Green’s website: www.pacificgreentechnologies.com

About Sosteneo Energy Transition Fund:
Sosteneo Energy Transition Fund is a Luxembourg Sca Sicav-Raif collective investment vehicle managed by Generali Investments Luxembourg S.A.

Generali Investments Luxembourg S.A, is a Luxembourg based Management Company that sets up and operates a wide range of investment fund structures on behalf of Generali Group asset management companies and third-party clients.

Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of Richborough Energy Park, any potential business developments and future interest in the Company’s battery, solar and emissions control technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of Richborough Energy Park, general economic and political conditions, and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in the Company’s annual report on Form 10-K for the most recent fiscal year, the Company’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659

Spritzer Launches Label-Free Bottles

  • Company aims to be fully circular brand by 2030

SPRITZER (the Company) today announced the rollout of the Company’s latest sustainability initiative, label-free, 100% recyclable bottles, for Spritzer silica-rich Natural Mineral Water, as part of the move towards reducing the use of plastic while minimising the impact on the environment.

The quality of Spritzer Natural Mineral Water remains the same, with the water coming from the pristine protected source in Taiping, Perak. The bottles are produced from recycled plastics that can be recycled. The silica-rich Spritzer Natural Mineral Water is superior in taste and has been recognised as such by the Brussels-based International Taste Institute with three stars in the Superior Taste Award 2022. For the launch, the label-free bottles will have a limited distribution at the beginning and now are available on Spritzer online store and Spritzer EcoPark.

The Spritzer Natural Mineral Water 1.25-litre and 550-millilitre options will now come in label-free options and consumers can still enjoy well-balanced, quality water that is perfect for coffee or tea-brewing and to use for cooking.

This latest initiative of sustainable packaging is part of the proof of our commitment to becoming a fully circular brand by 2030. It’s now more important than ever for us to bring consumers our natural mineral water in a more sustainable way as we owe everything to nature.

As part of ESG efforts, Spritzer encourages everyone to be more environmentally responsible. By taking small steps towards sustainability like choosing eco-friendly products, we can make a big impact on the health of our planet for future generations.

The label-free Spritzer Natural Mineral Water can be ordered through https://shop.spritzer.com.my/ , https://shoppee.com.my/spritzer.os , https://www.lazada.com.my/shop/spritzer/ or at Spritzer EcoPark.

Image Download Link: https://drive.google.com/drive/folders/1NtiB9Rsl3T-ncAJleUPAnIYE_WdiGK9G?usp=sharing

About Spritzer Bhd
Spritzer Group of Companies comprises a total of eight business subsidiaries, specialising in manufacturing and distribution of natural mineral water, sparkling natural mineral water, distilled drinking water, non-carbonated fruit flavoured drink and carbonated fruit flavoured drink. The company has been in operation for more than 30 years, and is the country’s largest, and only listed bottled water producer. For more information, please visit www.spritzer.com.my.

Crypto Oasis Ventures and Roland Berger Officially Launch “The Green Block”

The Green Block, a groundbreaking initiative dedicated to fostering Environmental, Social, and Governance (ESG) projects in Web3, was officially launched yesterday at BEEAH Group headquarters in the United Arab Emirates. This global initiative, spearheaded by Crypto Oasis Ventures in collaboration with the management consultancy Roland Berger, marks a significant step towards creating a sustainable future by leveraging the power of Blockchain and AI technologies.

Highlights:
– The Green Block is a global Think Tank and Launchpad that aims to accelerate and promote the use of Web3 and AI technology for the improvement of the environment, social and governance related initiatives that improve the quality of life.
– It is initiated by Crypto Oasis Ventures in partnership with Roland Berger.
– The initiative will bring together projects and thought leaders that utilize technology for advancing sustainability related projects.
– BEEAH Group is the Think Tank’s first Patron with Khaled al Huraimel, Group CEO also joining The Green Block Advisory Council.

The primary objective of The Green Block is to establish an ecosystem that connects stakeholders from diverse sectors to develop and implement impactful Web3 solutions pertaining to corporate governance, environmental sustainability, and social responsibility. By leveraging the potential of Web3 and AI, The Green Block aims to address global challenges in line with the UAE’s COP28 agenda and the United Nations Sustainable Development Goals (SDGs).

Faisal Zaidi, Co-founder of Crypto Oasis Ventures, stated, “The launch of The Green Block represents the first milestone in our journey to create a sustainable future through Web3 initiatives in the Environmental, Social, and Governance (ESG) field. By connecting projects, providing and enabling infrastructure, and empowering talent, The Green Block will facilitate the development and implementation of sustainable Web3 solutions on a global scale. Aligning ourselves with the objectives of COP28 and the UAE, we aim to take this initiative global.”

As the inaugural patron of The Green Block, BEEAH assumes a vital role in propelling the mission of the initiative. As an international holding group and pioneer for sustainable, smart solutions for future ready cities, BEEAH understands the importance of fostering sustainability and aligning with the UAE’s agenda for COP28. Through their partnership with The Green Block, BEEAH underscores its dedication to environmental responsibility and social progress.

Khaled Al Huraimel, Group CEO of BEEAH Group, emphasized the significance of The Green Block’s launch, stating, “There is immense potential in Blockchain, AI and Web3 technologies and I am excited to see how the Green Block leverages these to revolutionize ESG projects. As one of the first adopters of blockchain technologies in Sharjah, BEEAH Group’s vision is built on the twin pillars of sustainability and digitalisation. As a patron of The Green Block, BEEAH Group looks forward to fostering innovation and engaging with stakeholders to achieve sustainability objectives using technology while overcoming global challenges.”

On the steering committee of The Green Block initiative, the representation from Roland Berger contributes to determining the strategic direction of the initiative. The committee makes key decisions that shape the initiative’s long-term plans and immediate goals, helping to ensure the continuity of its mission. Technology like Web3 and AI will contribute significantly to a path to sustainability – The Green Block Think Tank and Launchpad will accelerate this transition and connect the global thought leaders.

Pierre Samaties, Partner at Roland Berger Middle East and leading the Global Digital Assets, Web3 and Metaverse practice, expressed his enthusiasm for The Green Block’s potential impact, saying, “The launch of The Green Block initiative is the start of an important Think Tank and Launchpad for Web3 and AI technology that will support sustainability and quality of life. Many use cases of the technology are a perfect fit for advancing renewable power, boosting financial inclusion and incentivizing environmental improvements.”

To learn more, please visit www.thegreenblock.com

About The Green Block

The Green Block is a global Think Tank and Launchpad with the primary objective of accelerating and strengthening the use of Web3 and AI technology for the betterment of environmental, social, and governance initiatives, that ultimately enhance our quality of life. Spearheaded by Crypto Oasis Ventures, in collaboration with the management consultancy Roland Berger, this ground-breaking global initiative denotes a significant stride towards the creation of a sustainable future.

At its core, The Green Block will facilitate access to crucial resources including investors, grants, public funding, and tokenization. By doing so, it will empower projects to make substantial progress and attain goals, while establishing a robust infrastructure. It will connect projects with appropriate Blockchain protocols, while providing regulatory guidance, producing insightful reports, and organizing community networking opportunities accompanied by effective communication channels. Furthermore, The Green Block will serve as a catalyst for collaboration and knowledge exchange, while empowering talented individuals through thought leadership platforms like publications, interviews, podcasts, and round table discussions.

The Green Block aims to create an ecosystem that supports transformative projects and contributes to a sustainable and inclusive future.

About Crypto Oasis Ventures

Crypto Oasis Ventures is a leading Venture Builder with a strong focus on the Middle East and North Africa region. It has successfully established the Crypto Oasis Ecosystem, which has emerged as the world’s fastest growing Blockchain Ecosystem. In the United Arab Emirates alone, the ecosystem has identified over 1,800 organizations and boasts a workforce of more than 8,650 individuals dedicated to the Blockchain industry. The ecosystem encompasses various stakeholders, including Investors & Collectors, Start-Ups & Projects, Corporates, Science & Research Institutions, Service Providers, and Government Entities & Associations.

As one of the pioneers in the local venture building landscape, Crypto Oasis Ventures benefits from a global network and maintains robust connections to the renowned Crypto Valley in Switzerland. Notably, it holds the distinction of being the first Web3 venture building company based in the Dubai International Financial Centre (DIFC). The primary goal of Crypto Oasis Ventures is to nurture the ecosystem and expedite the growth of Web3-related organizations in the Middle East, North Africa and beyond.

Crypto Oasis Ventures has spearheaded several successful ventures, including Crypto Oasis Labs, Crypto Oasis Sentio, arte, Crypto Oasis Games Guild, Inacta Communications, and The Green Block. These ventures showcase the company’s commitment to innovation, collaboration, and sustainable development within the Web3 space.
www.cryptooasis.ae

About Roland Berger

Roland Berger is the only management consultancy of European heritage with a strong international footprint. As an independent firm, solely owned by our Partners, we operate 51 offices in all major markets. Our 3000 employees offer a unique combination of an analytical approach and an empathic attitude. Driven by our values of entrepreneurship, excellence and empathy, we at Roland Berger are convinced that the world needs a new sustainable paradigm that takes the entire value cycle into account. Working in cross-competence teams across all relevant industries and business functions, we provide the best expertise to meet the profound challenges of today and tomorrow. www.rolandberger.com.

Press contact:

Maria Fernandez
Marketing Manager, Crypto Oasis Ventures
Tel.: +971 056 385 3146
E-mail: maria@cryptooasis.ae

Silvia Constanze Zoesch
PR Global, Roland Berger
Tel.: +49 160 744-8750
E-mail: silvia.zoesch@rolandberger.com

Salma Halawa
PR Middle East, Roland Berger
Tel.: +971 056 385 3146
E-mail: salma.halawa@rolandberger.com

GMEX ZERO13 and Zumo collaborate on new carbon credit offering for banks and corporates

ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and Zumo, the B2B digital assets infrastructure, announce a collaborative solution targeted at banks and their corporate and institutional clients who are looking to account for the carbon footprint of their digital assets and any aspect of their value chain.

The integrated solution will seek to enable Zumo to leverage GMEX ZERO13’s hub connectivity to digital carbon registries, trade execution venue capability and its decentralised asset settlement network to source validated, high-quality, tokenised carbon credits. The solution will also provide customers with a flexible and transparent way to account for their carbon footprint through the procurement and custody of tokenised carbon credits, with ease of trading, clearing and settlement.

Zumo’s established position as an FCA-registered UK entity will enable GMEX ZERO13 to harness Zumo’s capabilities to onboard new banks, corporates and other institutions to its trading platform. This will support clients in their efforts to execute ESG Strategies with the help of blockchain technology.

Hirander Misra, CEO of GMEX Group and ZERO13, commented, “We are delighted to be able to unite the twin pillars of tokenisation and voluntary carbon markets with Zumo. Tokenised assets will represent some 10% of global GDP by 2030, while the global market for voluntary carbon credits is also forecast to increase exponentially in the coming decade. By leveraging the integrated tools from Zumo and distribution capabilities available through the ZERO13 platform, we can together deliver a transparent and trusted way for organisations to effectively trade, clear and settle their carbon credit purchases in a manner publicly verifiable by stakeholders.”

Nick Jones, CEO of Zumo added: “This collaboration supports our ambition to be the one-stop shop for tokenised ESG assets and follows the recent launch of Oxygen, our B2B solution that quantifies electricity-based Scope 3 emissions associated with digital asset holdings with blockchain-verified Renewable Energy Certificates. Blockchain is emerging as a ‘digital enabler’ in tackling climate change and supporting the energy transition to a more sustainable infrastructure. Tokenising carbon credits and being able to accurately measure carbon footprint is a great example of the regenerative finance (ReFi) movement.”

Key to the collaboration will be enabling Zumo’s customers to operate their own and/or access trading platforms and associated liquidity pools for high-quality carbon credit assets and other instruments, and to provide end-to-end efficiency through the transaction lifecycle from onboarding (KYC/AML) to settlement. Through the GMEX ZERO13 Hub and ZERO13 Chain (Pyctor), banks and their customers can connect seamlessly with each other and with third-party registries, exchanges, and other counterparties to issue, trade, clear and settle tokenised carbon credits.

About GMEX Group Limited

GMEX Group (GMEX) offers sustainable digital solutions for the new age of global markets. The firm is a leading global provider of multi-asset exchange trading and post-trade software/software as-a-Service (SaaS) market infrastructure solutions and ‘network of networks’ digital platform services. GMEX addresses end-to-end regulatory and contract environment needs for issuance, trading, clearing and settlement across exchanges and across multiple asset classes including traditional, digital and hybrid assets, as well as digital carbon credits and ESG real-world assets.

It is the Winner of:
– ‘Best Development in Fintech of the Year’ – 2022
– ‘Best Global Hybrid Finance FinTech Company’ – 2022
– ‘Best Solution for Trading Digital Assets’ – 2023
– ‘Most Influential Financial Technology Firms of 2023’ – 2023

For further information on GMEX, please visit https://www.gmex-group.com/.

About ZERO13

ZERO13, a venture by GMEX, is an automated AI and blockchain-driven international carbon exchange, registry and aggregation hub ecosystem. The ZERO13 Hub provides a Platform-as-a-service, which offers a distributed point of entry for digital issuance, trading and settlement of carbon credits and real-world assets such as ESG securities. ZERO13 Hub connects multiple international carbon exchanges, registries, custodians and ESG project owners globally for supply verification, transparent pricing and real-time settlement using APIs and across blockchains enabled by ZERO13 Chain (‘Pyctor’).

For further information on ZERO13, please visit www.zero13.net/.

About Zumo

Zumo believes everyone should have access to sustainable finance, and that blockchain has the power to deliver this globally. Its mission is to provide a better planet for digital assets, delivering sustainable, accessible and secure ways to unlock the benefits of web3.

As an enterprise-focused digital-asset-as-a-service platform, Zumo’s turnkey, API-based infrastructure offers a fast, flexible and compliance-sensitive route to market, empowering fintechs, banks, asset managers and brands to offer their clients the tools of the future simply, securely and sustainably while also opening up new revenue streams, attracting new customers and supporting customer retention.

A values-driven business, Zumo has underlined its commitment to a fairer society and a sustainable planet with an ambitious 2030 net zero strategy encompassing its own business; the blockchains it works with; and the wider digital asset ecosystem. Carbon-neutral since inception, the business is committed to ongoing collaboration in the decarbonisation of the digital assets industry. Zumo was an early signatory of the Crypto Climate Accord, the first digital asset business to receive UK government funding from the UK’s national innovation agency, Innovate UK, to further its applied work on the decarbonisation of digital assets, and is now a key contributor to industry guidance on the energy consumption of blockchain, working in tandem with the World Economic Forum and the GBBC Digital Finance.

More information at: zumo.tech

MEDIA CONTACTS

GMEX Group and ZERO13
Alice Ellman-Brown
The Realization Group
Tel: +44 (0)7365 224 804
alice.ellman-brown@therealizationgroup.com
pr@gmex-group.com

Zumo
Amelie Arras
Zumo
amelie@zumo.tech

Darco’s Vietnam Clean Water Supply Project Commences Operations

  • Darco Ba Lai Water Treatment Plant officially announces commencement of operations

Darco Water Technologies Limited, a provider of integrated engineering and expertise-driven solutions for water treatment, wastewater management, clean water supply and vacuum solid waste management, announced the completion of the first phase of its water treatment and clean water supply project in Ba Lai district of Vietnam’s Ben Tre Province, and the commencement of operations. It will supply 5,000m3 of clean water per day for up to 20,000 rural households. Upon completion of the second phase construction of the project in 2024, the plant will supply 15,000m3 of clean water a day to more households and industrial areas in the district of Ba Tri township and region of 15 communes in Ben Tre Province.

Grand opening ceremony of Darco Ba Lai Water Treatment Plant
Darco Ba Lai’s donation of stationery supplies to 13 schools in 6 communes of Ba Tri District

The DBOO project is a joint venture (JV) with InfraCo Asia, a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG). On 17 June 2023, Darco and InfraCo Asia jointly organized a grand opening ceremony of Darco Ba Lai Water Treatment Plant to officially announce its commencement of operations. Distinguished guests at the event included the Chairman of the Ben Tre People’s Committee, local government authorities, and representatives from the Singapore, Netherlands, and Australian Consulate Generals in Ho Chi Minh City.

The project has a 50-year lease from the Vietnam government commencing July 2017. According to the World Bank’s Global Partnership for Results-Based Approaches (www.gprba.org), approximately 74% of the Vietnamese population is concentrated in rural areas, yet only 48% of households have access to clean water and must rely on polluted sources for basic household needs during the dry season.” On 3 January 2022, Deputy Prime Minister, Mr Le Van Thanh, signed a decision approving the National Rural Clean Water Supply and Sanitation Strategy to supply 65% of rural residents with affordable clean water by 2030, and 100% of all rural residents by 2045. ( https://en.vietnamplus.vn/national-strategy-aims-to-provide-clean-water-to-rural-residents-by-2030/220029.vnp )

Darco’s corporate ethos views ESG and CSR as inextricably tied to its business
The success of the Ba Lai project will showcase Darco’s capabilities and present more opportunities for similar projects in Vietnam. However, Darco’s Executive Chairman, Mr. Wang Zhi said, “More business is good for Darco, but we do not forget our commitment to give back to Society. We work hard to incorporate ESG and CSR initiatives into all our projects. We organized activities to interact with the local community and donated home and school supplies to the needy. There will be more to come.”

InfraCo Asia’s CEO, Ms. Claudine Lim said, “In partnering with Darco for the development of the Ba Lai project with, we found a partner with a complementary capability when it comes to technical skill sets and sector knowledge. Working together, we are proud to bring a water treatment plant online that will supply water to people in the surrounding communities, meeting international Health, Safety, Environmental, and Social (HSES) standards.”

About Darco Water Technologies Limited
Darco Water Technologies Limited (“Darco” and with its subsidiaries “the Group”) was founded in 1999 and listed on the Singapore Exchange in 2002. Darco is a provider of integrated engineering and expertise-driven solutions for water treatment, wastewater management, clean water supply and vacuum solid waste management. It has a well-established presence in China, Malaysia, Singapore, and Vietnam, with a track record of projects delivered on time, on budget, and with high quality. Darco’s scope of work includes design, fabrication, assembly, installation, and commissioning, as well as Design, Build, Own, Operate (“DBOO”) projects. The Group generates additional revenue from post-EPC (“Engineering, Procurement, and Construction”) maintenance services, which are supported by the service centres of its trading division, which supply essential chemicals and other products required for maintenance servicing. For more information, please visit www.darcowater.com.

About InfraCo Asia and The Private Infrastructure Development Group (PIDG)
InfraCo Asia is a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG). Headquartered in Singapore, InfraCo Asia catalyses greater private sector investment in infrastructure across South and Southeast Asia by providing funding and development expertise. InfraCo Asia funds early-stage development activities to realise socially responsible and commercially viable infrastructure that contributes to sustainable and inclusive economic growth. InfraCo Asia is currently funded by four members of PIDG – the governments of the United Kingdom, the Netherlands, Switzerland and Australia. For more information, please visit www.infracoasia.com

The Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor which mobilises private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and south and south-east Asia. PIDG investments promote socio-economic development within a just transition to net zero emissions, combat poverty and contribute to the Sustainable Development Goals (SDGs). PIDG delivers its ambition in line with its values of opportunity, accountability, safety, integrity and impact. Since 2002, PIDG has supported 190 infrastructure projects to financial close which provided an estimated 220 million people with access to new or improved infrastructure. PIDG Technical Assistance (TA) can provide technical assistance and capital grants to the PIDG companies to meet a range of needs associated with an infrastructure project’s life-cycle. PIDG TA can also provide up-front viability gap funding grants to support PIDG projects that require concessional funding to make a project with strong development impact financeable. PIDG is funded by the governments of the United Kingdom, the Netherlands, Switzerland, Australia, Sweden, Germany and the IFC. For more information, visit www.pidg.org.

Issued on behalf of Darco Water Technologies Limited
By Waterbrooks Consultants Pte. Ltd. https://www.waterbrooks.com.sg/

For media enquiries, please contact:
Wayne Koo
+65 9338 8166
wayne.koo@waterbrooks.com.sg

Calvin Soon
+65 9199 0841
calvin@waterbrooks.com.sg

INNIO’s 2022 Sustainability Report Demonstrates the Company’s Continuous Progress Toward Attaining Its Sustainability Goals

  • INNIO’s ESG program is defined by set targets around three sustainability pillars: Low Carbon and Circular Products, Resilient Supply Chain and Manufacturing, and Responsible Operations and Social Responsibility
  • INNIO made measurable improvements around its ESG goals in 2022 while increasing factory output, expanding its workforce, and maintaining its strong financial performance
  • The 2022 Sustainability Report has been independently verified to adhere to the Global Reporting Initiative (GRI) standards

INNIO, a leading energy solution and service provider, has published its Sustainability Report for 2022. Making progress together is the third in INNIO’s annual cycle of non-financial disclosures.

The report demonstrates INNIO’s progression since establishing its baseline goals, showcasing sustainable initiatives, projects, and corresponding metrics. It provides details of INNIO’s strong financial performance in 2022, its increased factory output, and its workforce expansion. The report demonstrates INNIO’s progress across all three clearly defined sustainability pillars:

Low Carbon and Circular Products – enabling customers in the process of decarbonizing energy and enhancing opportunities in responsible use of resources through reclaiming, remanufacturing, and reuse of products

Resilient Supply Chain and Manufacturing – decarbonizing INNIO’s own operations and value chains and enhancing opportunities in smart energy management, efficiency of processes, and investment in climate neutral energy sources such as green hydrogen

Responsible Operations and Social Responsibility – using INNIO’s compass in strengthening collaboration with societies, growing a diverse and inclusive workspace, and maintaining high health and safety standards as well as a culture of good governance, business ethics, and transparency

INNIO set out ambitious sustainability targets in the above three strategic areas where it sees the most material impacts and opportunities for improvement. With a dedicated focus on sustainable procurement, the report highlights how INNIO’s approach is rooted in tangible actions. Since the first edition of the report, published in 2020, INNIO has continued to build a track record of progress to meet its sustainability targets.

“I am very proud of the teams for the achievements we made in 2022 around reduced energy intensity, increased share of renewables in our operations, increased gender diversity, and robust ESG practices,” said Dr. Olaf Berlien, president and CEO of INNIO. “Results from the hard work and commitment of our employees worldwide are evident in our progress.”

“The report is more than simply a showcase for INNIO’s ESG metrics,” said Marcin Kawa, VP Group Sustainability at INNIO. “It is an instrumental communication platform and tool to building stakeholder engagement in a transparent and structured way. In Making progress together, we transparently describe the status of our ESG journey as well as our goals and ambitions and, most importantly, demonstrate the progress we made and the challenges we resolved to continue to reach our sustainability goals.”

The report’s “Progress and Performance” section as well as its KPI tables lay out how the collaborative approach enables the energy transition and decarbonization. Additionally, INNIO dedicated a section of its 2022 Sustainability Report to sustainable procurement activities, initiatives, policies, and programs as well as collaboration with suppliers. INNIO’s goal is to further build a transparent, resilient, and near-zero emissions value chain.

About INNIO’s 2022 Sustainability Report
This non-financial disclosure is a comprehensive overview of INNIO Group Holding GmbH’s Environmental, Social, and Governance (ESG) strategy. INNIO has followed the well-recognized Global Reporting Initiative (GRI) structure to outline and communicate on its progress. In doing so, INNIO aims to provide our stakeholders with information in a structured, standardized, and transparent format.

This Sustainability Report has been externally assured. KPMG Austria GmbH Wirtschaftsprufungs und Steuerberatungsgesellschaft has performed an independent limited assurance engagement on the combined consolidated non-financial report (“NFI report”) for the financial year 2022. INNIO continues to be top-rated by both EcoVadis (Platinum medal) and Sustainalytics (rated number 1 in our industry). For more information, access INNIO’s Sustainability Report 2022 here. https://pr.report/mKvln4WQ

About INNIO
INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher and Waukesha and our digital platform myPlant, we offer innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. INNIO is individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we enable our customers to manage the energy transition along the energy value chain wherever they are in their transition journey.

INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 4,000 experts provides life-cycle support to the more than 55,000 delivered engines globally through a service network in more than 100 countries.

INNIO’s improved ESG Risk Rating again secures the number one position across more than 500 companies globally in the machinery industry assessed by Sustainalytics.

For more information, visit the INNIO website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

Contact Information
Susanne Reichelt
INNIO Media Relations
susanne.reichelt@innio.com
+43 664 80833 2382

Pacific Green Enters into An Agreement to Sell Its 99MW Richborough Energy Park Battery Development For GBP 74 Million (US$93 million)

Pacific Green Technologies, Inc. (Pacific Green), (OTCQB:PGTK) announces that it has entered into a sale and purchase agreement (Agreement) to sell 100% of the shares in Pacific Green Battery Energy Parks 1 Limited (PGBEP1) to Sosteneo Fund 1 HoldCo S.a.r.l. for GBP 74 million (US$93 million).

PGBEP1 is the holding company for 100% subsidiary, Richborough Energy Park Limited, Pacific Green’s 99MW battery energy storage system (“BESS”) at Richborough Energy Park (“REP”) which begins operations later this summer.

Under the terms of the Agreement entered into, the consideration is payable pursuant to operational milestones related to the battery park as it connects to the grid and becomes operational. Pacific Green will receive an advance of GBP 20m upon signing of the Agreement with an anticipated completion over the following weeks.

About Pacific Green Technologies, Inc.:
Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. The Company offers Battery Energy Storage Systems and Concentrated Solar Power (CSP) to complement its marine environmental technologies and emissions control divisions. Pacific Green has offices in the USA, Canada, United Kingdom, Australia, Saudi Arabia and China. For more information, visit Pacific Green’s website: www.pacificgreentechnologies.com

Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of Richborough Energy Park, any potential business developments and future interest in the Company’s battery, solar and emissions control technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of Richborough Energy Park, general economic and political conditions, and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in the Company’s annual report on Form 10-K for the most recent fiscal year, the Company’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659

New Research from Kincentric Redefines Inclusion and Suggests Leaders Are Responsible for Creating a Culture of Inclusion in the Workplace

Despite professed commitments to create a more inclusive workplace, many organizations still struggle to gain traction, according to a new report by Kincentric, the part of global leadership advisory firm Spencer Stuart that is specifically focused on unlocking the power of people and teams to ignite change and achieve organizational success. Based on a survey of nearly 5000 employees across the globe, the research reveals the critical role leaders play to drive inclusion, with benefits ranging from better employee retention and engagement to improved team agility during challenging times.

According to Kincentric’s findings, there are four key elements required for inclusion in the workplace: people are valued, are enabled to use their voice, have decision-making influence and can contribute their best. However, in this latest research, 73% of employees report having experienced exclusion in the workplace, while only one in three employees say they work in a culture that powers inclusion – one that lifts everyone up and in which everyone is treated fairly, has equal opportunities and can speak up, be heard and respected.

Kincentric conducted the study to better define and understand the experiences that drive or derail inclusion and demonstrate its impact on overall business performance, and their full report shares several notable findings:
– Ultimately, inclusive cultures are created at the top. Leaders must walk the talk and model inclusive behaviors or risk their credibility. Nearly 1 out of 3 employees view senior leadership actions as performative or insincere when words are not backed up by action. Of those employees who question the sincerity of their leaders’ actions, only 3% report experiencing a culture of inclusion.

– In general, senior leaders often have a more favorable outlook on inclusion than employees. Senior leaders are having a more favorable day-to-day experience of inclusion (62%) than managers (48%) or employees (26%). This is causing a disconnect between leader’s perceptions and employee’s reality.

– Inclusion drives retention and engagement. Individuals at workplaces they describe as inclusive are twice as likely to stay with their organization and three times more likely to have a sense of belonging than those who don’t.

– Inclusion can maximize the potential of people and teams, creating better team dynamics and expanding skill sets across teams. Additionally, employees that report experiencing inclusion in the workplace are four times more equipped to navigate challenges and work collaboratively to find solutions in the face of conflicting opinions.

“Leaders can make or break an inclusive culture. Inclusion doesn’t just happen – Inclusion is leader-led and must be intentional,” says Dnika J. Travis, Ph.D., Director of Research and Insights at Kincentric, who led the research. “Creating a culture of inclusion is a business imperative. It ensures every employee is valued and able to fully contribute to the organization, delivering a number of advantages, including improvements in retention, engagement and team performance.”

Kincentric offers actionable advice to leaders looking to build a culture of inclusion:
– Take charge with an unwavering commitment: Inclusion must be embedded in everything you do, from the talent systems that drive consistency in your employee experience to words, behaviors and actions that reinforce a culture of inclusion that enables people to thrive. As a leader, you must be willing to talk about the difficult aspects of your culture and shift performance management processes to root out and address bias. It is also crucial that you put processes in place that deal with and eliminate any acts of exclusion and mistreatment you observe – don’t leave it to anyone else to tackle.

– Be willing to embrace discomfort. CEOs and senior leaders can achieve greater impact by not shying away from tough, unsurfaced, or polarizing aspects of an organization’s culture. As a leader, not acknowledging, validating, or truly understanding what is happening within your organization undermines your credibility and employees may perceive this as a lack of sincerity in your efforts. You must also have the courage to address your own non-inclusive behaviors while challenging others to do the same.

– Embrace failures and adopt the right mindset. Achieving inclusion requires a firm commitment to learning and refining your approach based on data, insights, and the experiences of the people you are seeking to include. You and your organization will make mistakes, but that doesn’t necessarily mean what you’re doing is not working; it’s what you do next that is most vital.

– Step back and take stock. Be honest with yourself. How have your assumptions around organizational cultural norms impacted your ability to lead inclusively? Have your actions affected your credibility, and are there any steps you need to take to redress this? You must hold yourself and everyone else in the organization accountable for building a true culture of inclusion – in which all employees are valued and can contribute their full potential.

Click here to review the report. https://www.kincentric.com/insights/inclusive-culture-study

About Kincentric
Kincentric, a Spencer Stuart company, helps organizations unlock the power of people and teams to ignite change and drive better business results. With decades of experience and specialist expertise in areas such as culture, employee engagement, leadership assessment and development, HR and talent advisory, and diversity, equity and inclusion, Kincentric uses data-driven insights to architect solutions that add value, enhance agility and increase organizational effectiveness. For more information, visit kincentric.com.