Tag Archives: CSR

PR Newswire

Acer Commits to Collecting 50 Tons of Plastic Waste From the Environment Through Plastic Bank Partnership

Leave a comment

Editor’s Summary:

  • Acer partners with Plastic Bank for an Impact Program Partnership to collect 50 tons of ocean-bound plastic[1] in 2024 through its community of collectors in Southeast Asia
  • Through this effort, Acer and Plastic Bank will prevent the equivalent of 2.5 million plastic bottles[2] from entering the ocean, tackling the problem of plastic pollution at the source
  • The partnership also provides support to under-developed communities by allowing residents to collect plastic and trade it for income, goods, and services to support their livelihood

TAIPEI, April 22, 2024 /PRNewswire/ — Echoing this year’s Earth Day theme of “Planet vs Plastics”, Acer has partnered with Plastic Bank and has pledged to collect and recycle at least 50 tons of plastic waste from the environment in 2024. The Canada-based social enterprise focuses on tackling the growing issues of plastic pollution by building recycling ecosystems and creating livelihood opportunities in vulnerable coastal areas.

Acer’s Impact Program Partnership with Plastic Bank is projected to prevent the equivalent of more than 2.5 million plastic bottles[2] from entering the oceans through the efforts of collection members in Southeast Asia. Members bring their collected plastic to Plastic Bank collection branches in exchange for the local market price of the gathered material as well as bonuses that help provide additional income and access to social benefits, like meal vouchers, health insurance, and more.       

Acer’s collaboration with Plastic Bank supports the United Nations Sustainable Development Goals (SDGs) including SDG 1 for no poverty, SDG 8 for decent work and economic growth, SDG 12 for responsible consumption and production, SDG 14 for life below water, and SDG 17 for partnership for the goals.

Acer’s Environmental, Social, and Governance (ESG) goals also include adapting 20-30% Post-Consumer Recycled (PCR) plastic content in computers and displays by 2025 and working towards the goal of net-zero emissions by 2050. Acer has been making strides to incorporate PCR versions of the plastic types used in electronic consumer products with its eco-conscious Vero line, and has reinforced its commitment to carbon neutrality with the launch of its first carbon-neutral PC, the Acer Aspire Vero 16, which debuted in December 2023. Acer will continue to evolve with the industry and changing lifestyles by promoting innovative and eco-conscious solutions for the long-term sustainability of its operations and the environment.

About Acer

Founded in 1976, Acer is one of the world’s top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer’s 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

PR Newswire

3D Printing Trailblazer ELEGOO Announces Initiative to Boost Women’s Roles in STEM

Leave a comment

SHENZHEN, China, March 8, 2024 /PRNewswire/ — In celebration of International Women’s Day, ELEGOO, a trailblazer in the 3D printing industry, has initiated a project dedicated to inspiring and empowering women in the fields of Science, Technology, Engineering, and Mathematics (STEM). This long-term endeavor is designed to highlight their stories and encourage a greater number of women to participate in these fields.

Annika Mordelt, a PhD researcher in neuroscience and immunology, is one of the women featured in the project. Specializing in stem cell disease modeling, Annika innovated a strategy for co-maturing immune cells and neurons from stem cells last year, enabling developmental interaction studies.

Throughout her research, Annika Mordelt has found 3D printing technology to be an invaluable tool. “In the field of stem cell research, scientists are engineering and 3D-printing with biomaterials to create platforms for the cells to grow in,” she said. “By adjusting parameters, we can create different platforms to study cell growth, proliferation rates, and general function in different environments. That can be customizable with the 3D printing.”

“Especially for students, during lectures or presentations, it’s nice to let people see the actual models we are doing. Not merely as 2D representations on a screen, but in their full 3D splendor, brought to life by 3D printers,” Annika explained.

Annika also discussed her journey’s challenges. She once equated scientific prowess with being less “girly”. However, her growth in the scientific world led to a realization: her off-work interests don’t define her research quality. Ultimately, it’s the research quality that matters, she doesn’t need to be less “girly” to excel as a scientist.

Moreover, Annika encourages other women in scientific research to be bold and try new things. “Don’t let anyone tell you what you can do or what you cannot do,” she said. For women who underestimate themselves and stick to mastered areas, Annika said, “you can learn and grow into things. Trust yourself more and dive into the things that you always wanted to know more about it.”

Rebecca Ngau, branding director of ELEGOO, said, “as a 3D printing leader, we’ll continue to highlight the achievements of women in the field. Our goal is to promote gender equality and diversity, inspiring more women to delve into STEM and the exciting realm of 3D printing.”

For more information, please visit http://www.elegoo.com/. 

PR Newswire

Huawei Unveils Expansion of its Talent Development Program in Rome this Summer

Leave a comment

Announcement Made at End of Week-Long European Event in China

BEIJING, Feb. 7, 2024 /PRNewswire/ — A week-long “Seeds for the future European Grand Finale,” bringing together a select cohort of “Seeds for the Future” alumni hailing from 18 European countries, ended on January 23. Throughout the week, participants engaged in illuminating sessions with tech experts, delved into the realms of connectivity and innovation, and contributed to insightful panel discussions on crucial topics such as diversity, green skills, and sustainability.

The pinnacle of the event, the Closing Ceremony, reverberated with the theme of international cooperation as a cornerstone for crafting a sustainable future for European talent. As we bid farewell to this enriching week of collaboration, Huawei proudly acknowledged the collective strides taken towards fostering innovation, knowledge exchange, and a shared commitment to a sustainable future.


Prof. Shahbaz Khan, Director of the UNESCO Multisectoral Regional Office for East Asia, said during the closing event: “We are delighted to see UNESCO and Huawei’s visions align with each other on eradicating digital illiteracy in young people. On February 2023, Huawei become an associate member of the UNESCO Global Alliance for Literacy (GAL). As the first private company to be an associate member of GAL, Huawei is committed to enhance educators’ use of technology in developing countries.”

Also at the closing ceremony, the Senior Vice President of Huawei Europe, Radoslaw Kedzia, announced a planned expansion of Seeds for the Future in Europe: “Huawei is proud to unveil a new chapter in the “Seeds for the future” program – an immersive, fully offline edition set to take place in Rome, Italy, in July 2024. This initiative, driven by the spirit of international collaboration and dialogue, will bring together students from diverse corners of Europe to converge in one city, fostering a vibrant ecosystem for learning and collaborative development of Tech4Good startup ideas.”

Earlier on, Huawei had unveiled the launch of a Seeds for the Future Scholarship program designed to support talented ICT students in the Netherlands, Bulgaria and Cyprus. This initiative underscores the company’s steadfast commitment to cultivating and nurturing exceptional talent.

Underlining the importance of such opportunities for students, the Ambassador of Cyprus, Martha Mavrommatis, speaking on behalf of the Minister of Education, Sports and Youth, Dr Athena Michaelidou, congratulated Huawei for the successful event and the students for all their efforts towards a sustainable and ecofriendly development. She said: “Companies like Huawei are making investments themselves, in parallel with institutional initiatives, like those of European Union and the member states. Huawei Seeds for the Future program, as the name suggests, is deeply engaged in identifying localized talent and in enhancing knowledge-sharing among professionals and youth.”

Also present, Annette Nijs, Former State Secretary for Education in the Netherlands, noted: “The commitment of Huawei to encourage students who embrace technology is as admirable as it is important. After all, technology will continue to create a fundamental shift in the way we work and live. ICT students of today will use technology in their careers to give wings to the changes of our societies.”

The Ambassador of Moldova, Dumitru Braghis, added: “Seeds for the Future, as Huawei’s flagship CSR program, not only exemplifies corporate responsibility but also showcases a commitment to guiding young talent globally. The program, designed to shape the next generation of leaders in the digital age, goes beyond technical skills. It promotes a sense of global citizenship, encourages cultural exchange, and fosters an entrepreneurial spirit.”

Source: HUAWEI TECHOLOGIES CO., LTD.

PR Newswire

TAILG’s New Brand TLG Makes Spectacular Debut at EICMA in Milan, Italy

Leave a comment

Inaugurating its Presence in Europe, TLG Unveils First Flagship Store in Switzerland

MILAN, Nov. 9, 2023 /PRNewswire/ — On November 8, TAILG showcased its new brand at EICMA, Italy’s premier exhibition for motorcycles. The company unveiled TLG to a global audience and simultaneously inked a deal to open its first European flagship store in Switzerland.


TAILG ‘s new TLG brand makes spectacular debut

TLG, drawing on TAILG’s over 20 years of R&D expertise in the two and three-wheeled electric vehicle sector, was created to meet the demands of urban commuting with electric bikes and scooters. Embodying the ethos of Try · Love · Go, the brand is dedicated to shaping a personalized, intelligent urban travel lifestyle.

The four founders of TAILG took to the stage to unveil the new brand at the launch event.

Sun Muchai, Senior Vice President of TAILG, highlighted that TLG, backed by TAILG ‘s extensive technological expertise and intelligent manufacturing infrastructure in the electric vehicle sector, embodies the group’s unwavering commitment to global markets.

TAILG has consistently been dedicated to exploring green, low-carbon and eco-friendly concepts, with a focus on the experience of riders worldwide using electric two-wheel transportation. As an electric mobility partner of the United Nations Environment Programme (UNEP), TAILG has consistently collaborated with UNEP to actively champion the principles of low-carbon mobility and electric mobility solutions across the globe for many years.

“TAILG is committed to providing users with smart short-distance travel solutions that embody simplicity, elegance, intelligence, and agility. We also aspire to deliver a technologically sophisticated, resilient, and enduring brand and product experience while placing significant emphasis on community culture and engagement. We hope that consumers will fall in love it from the first ride,” added Mr. Sun.

Multiple new products make their worldwide debut

As a global trendsetter for two-wheelers, TAILG ‘s decision to launch the new TLG brand at EICMA holds great significance. In recent years, the global two-wheeled vehicle market has experienced rapid growth, especially in Europe, with France, Germany, Italy, and the Netherlands leading the way.

In a bid to offer European consumers superior low-carbon, eco-friendly short-distance travel solutions, TLG has strategically positioned itself in the mid-to-high-end markets and has been committed to providing customized products based on local regional characteristics, user habits and market segments, with a focus on E-Bikes and E-scooters.

During the launch event, several new products, including the GTS, CTS and TL6, were unveiled.


Simultaneously, a strategic cooperation agreement on TLG’s first European flagship store was formally signed by TAILG and the business partner. The 400-square-meter venue will soon open in Switzerland and be the first in Europe where local consumers can quickly experience new TLG products following their launch.

At the EICMA 2023, TAILG also unveiled several new TAILG offerings, including the S1, S2, and ETS, which are ideal for city dwellers, as well as the TY3 and TY3 PRO, two off-road racing models designed specifically for young enthusiasts. These releases provide consumers with a broad range of product options.

About TAILG

Founded in 2004 in Shenzhen, China, TAILG is a global technology group company which integrates the research and development, production, sales, sharing, and charging & swapping of electric vehicles, and other whole industry chain services. Relying on the high-standard R&D center, TAILG owns more than 1,000 national patents and operates nine production bases in China and has an annual production capacity of over 12 million vehicles. It also has more than 30,000 terminal experience stores and exports to more than 90 countries and regions worldwide.

For more information, please visit https://www.tailg.com/.

PR Newswire

VR360 AND 5 YEARS OF DEVELOPMENT JOURNEY

Leave a comment

DANANG, Vietnam, Nov. 1, 2023 /PRNewswire/ — VR360 celebrates a significant milestone as it commemorates its 5th anniversary. The project was established right when the epidemic was seriously developing received many doubts and objections from everyone. Even though they have foreseen the difficulties we will face when the economy declines, it is not easy for a young business to overcome. But with a passion for technology and the desires and ambitions of youth, the VR360 team always believes in solutions and product quality that will bring practical benefits to businesses. Based on those beliefs, VR360 continues its journey of perfecting solutions, bringing customers the most complete products.


The opportunity came to VR360 when it received an “order” from the Department of Science and Technology in Da Nang city – wishing to inspire startup businesses through meetings and exchanges while still ensuring safety during the epidemic season, the VR360 team had a bold idea to create a conference organization platform, virtual reality exhibition. Based on existing technologies and experience, team VR360 quickly began implementation. vrFairs – a platform for organizing virtual reality conferences, exhibitions, and fairs was born soon after.

The project brought quite good effects, received positive feedback, and many businesses in the city learned about VR360’s virtual exhibition platform. In addition, the team also received many comments on the design interface, adding more features to improve user experience. vrFairs is improved and upgraded every day, by 2021, the virtual exhibition platform will completely conquer demanding customers, many new projects will open such as: Conference connecting supply and demand between Ho Chi Minh City and other provinces in 2021; Expanded Da Nang startup exhibition – Surf 2021, 2022, 2023.

Team VR360 are all young people who love technology
Team VR360 are all young people who love technology

Gaining momentum, VR360 introduces to customers virtual reality technology application solutions such as Virtual Tour and Model 3D – AR applied to many businesses in different fields. In particular, VR360 has the opportunity to collaborate with departments and agencies in projects on virtual reality tours in Da Nang city and Hoi An such as: One touch to Da Nang, My Son Sanctuary, Hoi An Metaverse bringing quite good effects to promote tourism in the city.

During these years, VR360 cherished a new project and in early 2023 launched the vrMall platform – an upgraded version of vrFairs, the first virtual reality trade center in Vietnam that is used by many businesses. Besides, vrMall can also support professional event and exhibition organizations with their own virtual versions of fairs and exhibitions with many outstanding features and sharp interface, convenient to use.

After more than 5 years of establishment, operation and development, from the first projects and personnel, VR360 now has more than 50 talented and experienced associates and hundreds of projects that have been implemented domestically and internationally. Proud to have the opportunity to collaborate with departments and agencies and many large and reputable domestic enterprises such as: Viettel, Toto, Vietceramic, Co.op Mart, MIK Group, Teka Group, National Economics University, Anh Hong Factory…As an enterprise in the Top 3 leading enterprises in the field of innovation and providing digital transformation solutions applying technology: VR, AR, 360, Metaverse, Digital Twin etc. VR360 is still always maintaining the entrepreneurial spirit, constantly innovating and creating to bring customers the most suitable and perfect products and solutions.

For more information as well as projects that VR360 has implemented, please contact the following information:
VR360 – Digital Transformation Solutions Joint Stock Company
Email: infor@vr360.com.vn
Website: https://vr360.com.vn  
Virtual Tour: https://vr360.com.vn/360-tour
Facebook: https://www.facebook.com/vr360vnvirtualtour/

PR Newswire

ATRenew Joins the United Nations Global Compact

Leave a comment

SHANGHAI, Sept. 20, 2023 /PRNewswire/ — ATRenew Inc. (“ATRenew” or the “Company”) (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced that it has joined the United Nations Global Compact (the “UNGC”) initiative, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices. 

Launched in 2000, the UNGC is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 4,000 non-business signatories based in over 160 countries. The UNGC is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption, and to take action in support of United Nations goals and issues embodied in the Sustainable Development Goals.

Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, “We are proud to join the United Nations Global Compact initiative, reaffirming our steadfast commitment to ethical practices, sustainability, and social responsibility as a core component of our corporate strategy. We recognize and integrate the UNGC’s Ten Principles into our day-to-day operations, and we are eager to make a meaningful contribution to the United Nations’ Sustainable Development Goals. We see our membership as a supplement to our existing mission of creating positive change and building a more prosperous and sustainable world.”

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew’s open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China’s pre-owned consumer electronics industry. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.

Investor Relations Contact
In China:
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com

In the United States:
ICR LLC.
Email: atrenew@icrinc.com
Tel: +1-212-537-0461

Media Contact
ATRenew Inc.
Email: pr@atrenew.com

Source: ATRenew Inc.

PR Newswire

Canadian Solar EP Cube Achieves LUMA Certification in Puerto Rico, Reinforces Commitment to a Sustainable Future

Leave a comment

SAN JUAN, Puerto Rico, Aug. 29, 2023 /PRNewswire/ — Canadian Solar announces the attainment of LUMA certification in Puerto Rico for the EP Cube, a vertically-developed residential storage system. This recognition from LUMA, the private operator managing transmission and distribution requirements of the electric grid in Puerto Rico, solidifies EP Cube’s role as a reliable contributor to the region’s energy sector. It also highlights the company’s active involvement in promoting a greener and more sustainable energy future.

EP Cube, recently introduced in Puerto Rico, brings homeowners a consistent power supply. It alleviates concerns about grid instability, including outages due to bad weather or utility blackouts. Installers love how easy it is to install the EP Cube system. Luquillo Felix Marquez, a local end-user in Puerto Rico, says, “The EP Cube offers flexible sizing from 9.9 – 19.9 kWh so I can customize the system to the need of my family. Plus, it’s fast and easy to install.”

EP Cube is available to homeowners and installers in Puerto Rico who want to take advantage of the recently announced solar incentive program from the Puerto Rico Department of Housing. The program offers grants to eligible homeowners and installers to support their installation of renewable energy.

“Earning LUMA certification is a significant achievement that reflects our unwavering commitment to a sustainable future in Puerto Rico,” says Andy Yin, the General Manager of Eternalplanet, an independent brand under Canadian Solar that designed and developed EP Cube. “We are thrilled to contribute to the region’s renewable energy transition and collaborate with partners like LUMA Energy to make a positive impact on the local energy landscape. This certification reaffirms our dedication to Puerto Rico’s energy goals and sustainability.”

The attainment of LUMA certification highlights Canadian Solar and Eternalplant’s resolute commitment to Puerto Rico’s energy landscape.

About Eternalplanet

Eternalplanet is a consumer-oriented independent brand of energy technology under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. Eternalplanet always adheres to scientific and technological innovation and is committed to providing energy solutions for people and promoting the sustainable development of the world. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit https://www.canadiansolar.com.

Eternalplanet Contacts

Mimosa Kan
Business Development
+86 135 1087 0501
mimosa.kan@eternal-planet.com 

Eli Hu
Public Relations
+86 137 5825 8975
eli.hu@eternal-planet.com 

Canadian Solar Inc. Investor Relations Contacts

Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

David Pasquale
Global IR Partners
914-337-8801
csiq@globalirpartners.com 

PR Newswire

Tongwei Group Made its Debut on Fortune Global 500 List

Leave a comment

CHENGDU, China, Aug. 4, 2023 /PRNewswire/ — On August 2, the 2023 Fortune Global 500 list was officially released. Tongwei Group made its debut on the list with a revenue of CNY 2148.82 billion and ranked 476th, becoming the first photovoltaic company in the world to enter the Fortune Global 500. At the same time, Tongwei Group ranked 34th on the Return on Equity (ROE) list with a net asset return rate of 42.9%, making it the only mainland Chinese company among the top 50 companies with the highest ROE. The inclusion of Tongwei Group in the Fortune Global 500 marks its formal entry into the “club” of global giant enterprises and signifies the firm commitment to comprehensive internationalization.

Tongwei Group Made its Debut on Fortune Global 500 List
Tongwei Group Made its Debut on Fortune Global 500 List

Over the past 41 years, Tongwei Group has achieved steady development. As a global leader in high-purity polysilicon and solar cells, Tongwei Group currently holds the largest global market share in high-purity polysilicon production and sales. Its solar cell shipments have remained at the top globally for six consecutive years. In 2022, Tongwei expanded to the Module sector and its Module shipments entered the top ten globally. Its photovoltaic products are exported to more than 40 countries and regions worldwide. Tongwei also pioneered the “Fishery & PV Integration” development model, with 52 “Fishery-PV Integration” bases established, achieving a cumulative grid-connected capacity of 3.4 GW. The high-quality and clean photovoltaic power has been benefiting countless households.

From its foundation in China to its global expansion, from deepening Chinese manufacturing to leading Chinese innovation, Tongwei Group, as a Fortune Global 500 company, will seize opportunities, utilize every technological innovation and quality product to contribute to the global response to climate change, promote green energy transformation, and achieve carbon neutrality goals. It will provide China’s solutions and contribute the strength of the Tongwei Group.

PR Newswire

LG Innotek published the 2022-2023 Sustainability Report

Leave a comment

  • Achieved 20% carbon neutrality within one year after the declaration and increased shareholder-friendly policies such as the 10% dividend payout ratio
  • Increased investment in R&D by 33% from the previous year to strengthen the competitiveness of future business

SEOUL, South Korea, July 21, 2023 /PRNewswire/ — LG Innotek (CEO Jeong Cheol-dong) announced on the 21st that it had published the ‘2022-2023 Sustainability Report’ that covers the performance of ESG (Environmental·Social·Governance) management.

LG Innotek published the 2022-2023 Sustainability Report
LG Innotek published the 2022-2023 Sustainability Report

LG Innotek achieved meaningful results previous year by performing substantial ESG management activities to enhance corporate value.

In the environmental field, LG Innotek joined ‘RE100’ and decided to use renewable electricity in all workplaces by 2030. At the same time, LG Innotek declared that it would achieve 100% Carbon Neutrality by 2040. LG Innotek also joined the Science Based Targets initiative (SBTi) to systematically carry out carbon neutrality activities.

LG Innotek has already achieved the goal quickly by recording the renewable electricity conversion rate of 22% (RE22) and carbon neutrality rate of 20%.

In 2022, LG Innotek received the ‘Minister Prize from the Ministry of Environment’ as the leading company in resource circulation in recognition of its efforts for resource circulation, such as the development of a waste management system, reusing process subsidiary materials, and reducing the use of plastic packaging materials.

Besides, Gumi, Pyeongtaek, and Gwangju plant of LG Innotek have obtained the ‘ZWTL (Zero Waste to Landfill)’ certification from UL(Underwriters Laboratories) Solutions, a global safety certification body. In particular, the Pyeongtaek plant acquired the highest grade ‘Platinum’ last year by achieving 100% resource circulation following the Gumi plant.

In the social field, there is noteworthy in this Sustainability Report that employees participated a lot of social contribution activities. Since the company’s online social contribution portal had launched in 2022, more than 3,000 employees have actively participated in various forms of social contribution activities, such as online donation funding and non-face-to-face volunteering.

LG Innotek was selected as the most excellent company for 6 consecutive years in the Win-Win Growth Index operated by Korea Commission for Corporate partnership.

Furthermore, LG Innotek received Grand Prize from the Great Place to Work in Korea Award in recognition of its excellent corporate culture.

In the field of governance, LG Innotek has focused on creating a transparent and sound business environment. As a result, LG Innotek received ISO 37301 (Compliance Management System) certification, Excellent Anti-corruption Company at the Business Integrity Society Summit (BIS) hosted by United Nations Global Compact (UNGC) Korea, and ISO 22301 (Business Continuity Management System) certification last year.

LG Innotek has also strengthened shareholder-friendly policies. In 2022, LG Innotek paid a total of KRW 98.2 billion as a dividend per share, which is a significant increase from the previous year (KRW 71 billion). As a result, LG Innotek successfully implemented its dividend policy of maintaining a dividend payout ratio of 10% or more until 2024.

In addition to ESG management, the Sustainability Report highlights LG Innotek’s various efforts to secure the competitiveness of future business.

LG Innotek invested KRW 752.8 billion in R&D last year to advance original technology and identify new value-added businesses in future growth areas. The amount had a 33% increase from 2021 (KRW 564.2 billion). During the same period, LG Innotek also expanded industry-university collaboration significantly by doubling the number of industry-university projects.

“LG Innotek will continue ESG management faithfully as ‘Global No.1 Material and Component Company’ that provides differentiated customer value.” said CEO Jeong Cheol-dong.

PR Newswire

TDK Ventures expands into Europe; will use new $150-million Fund EX1 to invest in clean-tech startups

Leave a comment
  • TDK Ventures selected London for its first European office
  • New $150-million (USD) multi limited-partner Fund EX1 (EX = energy transformation) will focus on both European and North American-based electrification and decarbonization startups
  • TDK Ventures’ mission and values to invest in climate tech startups align with Europe’s ambitious goals to reduce greenhouse gas emissions by 50% and reach net-zero emissions by 2050

SAN JOSE, Calif., June 19, 2023 /PRNewswire/ — TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc., its corporate venture capital arm, is expanding into the European market with plans to invest in startups in the region. The company selected London as the site of its first outpost for its ambitious quest to nurture energy transition, electrification, and decarbonization throughout Europe. At the same time, TDK Ventures will initiate its $150-million (USD) multi-LP Fund EX1. The fund will focus on both European and North American-based energy-transformation startups in Seed and Series A stages.

After thorough research, TDK Ventures chose London due to its deep venture-capital density as well as startups and investment funds that focus on the environment. The company also was impressed with the city’s overall venture innovation ecosystem that comprises entrepreneurially minded scientific talent, a world-class university system, top-tier climate investors (both early and growth), centralized location, and access to strong public markets. 

“TDK Ventures has earned a reputation for successfully investing in and supporting highly innovative startups featuring incredible disruptive technologies in the realm of electrification and decarbonization,” stated Lord Dominic Johnson, UK Minister of State in the Department for Business and Trade, who is a veteran of over 25 years in the financial-services industry. “I wish them much success in their efforts in combatting the many climate issues that face us. I am thoroughly delighted London was chosen as the site for their first European office and I look forward to their participation in the European market and enthusiastically welcome them to the city of London.”

“Globally, London ranks third in climate-tech funding, and third in the number of climate and energy-tech investors,” explained Nicolas Sauvage, President, TDK Ventures. “The latter ranking rises to No. 2 in the world when all of the UK is included. It also has corporate-friendly governance as well as familiar taxation, board structures, and a legal environment for venture-backed startups to find appropriate exits. This, coupled with the presence of many large-scale, late-stage, and growth-equity funds led us to decide on London as our first outpost in Europe.”

Sauvage continued that “TDK Ventures is very thankful for and appreciative of the strong support we have received from the Venture Capital Unit of the UK Government Department for Business and Trade over recent years.” 

The recent breakthroughs in materials science and advanced manufacturing in the European Union have created a watershed era for electrification and decarbonization projects. TDK Ventures has a history of helping entrepreneurial organizations in this space access the resources they need to scale production and commercialize their products as key components of global carbon neutrality.

“I am delighted that TDK Ventures has chosen London as the site of its first European office,” said Natalie Black, His Majesty’s Trade Commissioner for Asia Pacific. “Including UK companies as potential recipients in its new $150-million Fund EX1 is a testament to the strength of the UK’s tech sector, which raised $31.1 billion in VC funding last year, making the UK the third largest market in the world for tech investment. I look forward to seeing TDK Ventures thrive in the UK in supporting our efforts to tackle climate change.”

To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at contact@tdk-ventures.com. 

About TDK Corporate

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2023, TDK posted total sales of USD 16.1 billion and employed about 103,000 people worldwide.

About TDK Ventures

TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company’s vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or contact@tdk-ventures.com.

You can download this text and associated images from http://www.tdk-ventures.com/tdk-ventures-expands-into-Europe-will-use-new-150-million-Fund-EX1-to-invest-in-clean-tech-startups/

Contacts for regional media