AIA Digital+’s Post

ESG in Christof Industries has no borders: Let's take a moment to reflect on the remarkable journey in 2023 of Christof Industries companies in Croatia and Slovenia and share the progress our teams achieved. Despite all challenges, CI-SLO and CI-CRO have only had positive results and have emerged stronger this year than ever. These two highly professional companies operate very closely within the group of companies in Christof Industries to provide high-performing manpower for industrial projects. An outstanding highlight of the year was the successful completion of our restructuring process, which underpins our commitment to sustainability. We are pleased to present an excerpt from the numerous ESG projects that the team, under the guidance of CI internal experts, implemented during this transformation phase: ESG projects: Corporate restructuring ◦ Appointment of new management ◦ Relocation of the company headquarters in Croatia Implementation of controlling and reporting into business operations ◦ Implementation of ESG KPI’s reporting and controlling ◦ Improvement of processes and procedures ◦ Measures to reduce general costs Mobility and travel management ◦ new rules for usage of rental vehicles ◦ Measures to improve staff mobility ◦ Promotion of group transportation Branding & Communication ◦ company renaming ◦ launching of new social media channels Certification ◦ New SCCP and SCP certification Employee development program ◦ Implementation of new career development plans and the employee matrix ◦ Regular performance assessments of all employees ◦ Equal treatment of all employees and compliance with the CI Code of Conduct and Ethics ◦ Conducting relevant trainings for all employees Recruitment program ◦ Development of a new strategy to attract new specialist personnel Support local communities ◦ Increased support for local economies and communities ◦ Sponsoring a sports club We are very proud of the combined efforts of the CI-SLO and CI-CRO teams to advance these initiatives. These projects align with Christof Industries' sustainability strategy and reflect the commitment to positively impacting communities. #thankyou #greatteam #Slovenia #Croatia #industrialservice #esgperformance #ESG #CSR

Bursa Malaysia Berhad (Bursa) issued the following announcements: 1. Advancing Capability and Capacity Building on Sustainability in the Marketplace On 27 November 2023, Bursa issued a media release stating that Bursa had signed a Memorandum of Collaboration with UN Global Compact Network Malaysia & Brunei to jointly explore several initiatives including developing sustainability-related programmes or certifications that will support the upskilling of sustainability practitioners of public listed companies and small and medium sized enterprises in their supply chains in a targeted manner. 2. IR4U Programme On 1 December 2023, Bursa launched the IR4U programme, a comprehensive programme designed to support and enhance the standards and capabilities of Investor Relations (“IR”) practices, to raise the visibility and investability of Malaysian listed companies, to foreign and local investors. In conjunction with the programme launch, Bursa also released the following two handbooks that provide practical and actionable steps on how to develop and implement effective IR plans and strategy: • ‘Introducing IR4U: Fundamentals of IR’ • ‘IR4U: Applications of IR’ Refer to the Announcements here: https://lnkd.in/gu_zbav4 #MAICSA

#https://lnkd.in/ghhNBtC9 more chances to Bumiputera companies in the RE fieldMeanwhile, weighing in on the matter, Noma SWO Consult associate partner and Gerson Lehrman Group’s (GLG) council member Nik Zafri Abdul Majid highlights the advantages and potential drawbacks of such a move. One of the key points raised by Nik Zafri is the ambiguity surrounding the term “merit” which he questioned what criteria are used for that. “While turnkey has been known for several advantages such as streamlined project management and reduced client responsibility, there are several disadvantages as well along the way,” he noted. Nik Zafri said although turnkey contracts streamline project management, reduce client responsibility and offer convenience, they also pose challenges such as limited client control over project execution and potential disputes over project scope and performance standards. He emphasised that awarding contracts solely based on merit could have unintended consequences. “If merit criteria are narrowly defined or perceived as preferential treatment favouring large firms, it could be of disadvantage to smaller or local companies, including Bumiputera companies. “Furthermore, if merit is not inclusive of diverse perspectives, backgrounds and expertise, it could result in a lack of diversity among contractors and suppliers,” he commented. To address these concerns and promote inclusivity and competitiveness in the RE sector, Nik Zafri suggested implementing transparent and inclusive tender processes which include setting higher quotas for Bumiputera participation, providing incentives for Bumiputera companies and fostering partnerships between small and large firms to transfer knowledge and build capacity within the Bumiputera industry. While the decision to award contracts based on merit aims to promote fairness and efficiency, it also raises questions about inclusivity and socioeconomic impact. Hence, Nik Zafri believed that balancing these considerations is crucial for fostering a vibrant and competitive RE sector in Malaysia. “If DPMM believes that tender processes are biased or unfair, they may be less inclined to participate, leading to reduced competition for contracts,” he said. Nik Zafri added that Bumiputera small and medium enterprises (SMEs) are particularly vulnerable to the effects of perceived preferential treatment. “If tender processes are seen as favouring established players, Bumiputera SMEs may struggle to compete, limiting their growth opportunities and stifling entrepreneurship in the sector. “Thus, to mitigate these economic implications, it’s crucial for governments and organisations overseeing tender processes to prioritise transparency, accountability and fair competition,” he commented.

The Directors' Institute is pleased to congratulate Pradeep Kumar Kondabattini, Head of strategy planning - Hyundai Mobis. We are proud to announce that he is now a certified ESG expert. He also has a CPD-accredited certification that is recognized in over 40 countries, so he can now look for opportunities around the world. Pradeep Kumar Kondabattini, Congrats on this next step in your career and all of the growth, connections, and opportunities that come with it. Your hard work and perseverance have paid off. The Directors' Institute - World Council of Directors is glad to release this certificate dated March, 17th 2024, vide no ESG-2024-DI1471703 #Directorinstitute #independentdirectors #boardofdirectors #globalboardmember #work #career #growth #connections #opportunities #esg #CorporateGovernance, #BoardOfDirectors,#SEBI,#IndependentDirectors, #IndependentDirectorsRoles,#GovernanceBestPractices, #IndependentDirectorsNomination, #BoardOversight, #IndependentDirectorsTraining, #IndependentDirectorsAppointment, #IndependentDirectorsGuidelines, #IndependentDirectorsQualifications, #ESG, ##ESGInvesting,#ESG, #SustainableInvesting, #Sustainability, #SustainableDevelopmentGoals,#SEBI, #NonExecutiveDirector, #BoardofDirectors,#IndependentDirectorResponsibility

Innovation is a priority on the government agenda. At the EY Singapore Government Forum, almost all participants said they will embark on their next innovation initiative within a year. With the pressure to do more with existing or less resources in today’s dynamic environment, how can Singapore’s public sector adopt a strategic approach that generates long-term value while tackling near-term problems? Read more: https://go.ey.com/3WK7ICc

🌱 Embracing ESG Initiatives: How Digital Technology Drives Real Actions In a world where environmental, social, and governance (ESG) initiatives have taken centre stage, it's imperative for corporations to not just talk the talk but walk the walk when it comes to sustainability. At IndustryApps, we are proud to be the only startup on the list of global conglomerates actively contributing to this mission. We are honoured and humbled to have been nominated as a technology enabler by the expert panel of the European Chamber of Commerce, Singapore (EuroCham Singapore). This recognition is a testament to our years of dedication in the field of industrial digitalization. The urgency of addressing ESG concerns cannot be overstated, especially considering that the manufacturing industry is a significant contributor to global greenhouse gas emissions. It's high time we step up and take responsibility for our environmental impact. IndustryApps is committed to building an industrial ecosystem of solutions that actively contribute to ESG performance, with a focus on sustainability. By creating an Ecosystem of ESG solutions with the ability to seamlessly integrate into existing industrial landscapes. This "plug and play" capability not only reduces the friction associated with adopting ESG-friendly technologies but also maximizes the value delivered to our clients. Our approach aligns perfectly with the idea of creating sustainable, forward-thinking industrial solutions that drive change. We extend our heartfelt gratitude to Eurocham Singapore for recognizing our efforts in this regard. This nomination only strengthens our resolve to continue innovating and contributing to the global shift towards a more sustainable future. We firmly believe that digital technology is the driving force behind turning ESG aspirations into concrete actions. Let's work together to create a more sustainable and responsible world for future generations. 🌎💼 #ESG #DigitalTechnology #Sustainability #IndustryApps #Innovation #EurochamSingapore IndustryApps DACH IndustryApps Mexico IndustryApps Thailand

Trust, a value adding heart that reinforces trade, investment and progress in all ethical conducts, is a cornerstone to #esg. Without which there will be no trustworthy benchmark for honest business practices, especially in environmental preservation, social equity and corporate governance. It is timely of Bursa Malaysia to remind reputable entities to live up to the marks of being truthful to the status of their companies to prosper the society where they earn their keeps! MAPAN Pacesetting ESG https://linktr.ee/esgmapan #environmentalsocialandgovernance PETRONAS PwC Malaysia https://lnkd.in/gw-c6gGm

Inviting all of my ESG startups in the network to take part in Malaysia Centre4IR's Innovation Challenge. As the need for ESG adoption continues to grow in line with UN SDG and the future of our home, we are looking for innovators who are at the forefront of developing innovative solutions to solve our ESG needs. If you feel that you're one of these companies, sign up below! You have until August 31st, 2024! Some of the areas our partners are looking to solve are: - Data collection for logistics fleet management - Predictive model for data analysis and sustainability planning - Efficiency improvement in manufacturing - AI-assisted virtual production assistants - Building climate resilience: Opportunities in climate mitigation and adaptation - Waste to wealth: Helping SMEs generate savings on their recurring waste costs - Leveraging IoT for smarter Malaysian farms - Unlocking AI's potential for Malaysian agriculture - Preventative health and wellbeing - Circular economy This is a fantastic opportunity to work with leading companies like CJ Century Logistics Holdings Berhad, Globetronics Sdn Bhd, Maybank, REDtone and Sunway iLabs. Let's preserve the future of our world together for the generations to come. #malaysiacentre4ir #mydigital #esg #environment #sustainability #growth #innovation #data #ai #agriculture #climate #wastemanagement #circulareconomy

Today, I want to highlight a fantastic opportunity, the Business Improvement Fund (BIF) by the Singapore Tourism Board (STB). The BIF aims to boost the tourism sector by supporting projects that drive technology innovation, business model redesign, and process improvements. This grant is tailored to enhance productivity and competitiveness within the industry. -Key Benefits: Funding Support: SMEs: Up to 70% of qualifying costs. Non-SMEs: Up to 50% of qualifying costs. Eligible expenses include training, hardware/software, travel, internal manpower, and third-party project costs. -Eligibility: Open to Singapore-registered businesses with a tourism focus. Applicable to both tourism companies and tech firms creating innovative solutions for the industry. This grant not only provides substantial financial support but also helps businesses in the tourism sector adopt cutting-edge technologies and innovative practices, ensuring they stay competitive in a rapidly evolving market. Kindly DM me for more details. Follow Krishnamani Kannan for more. #Singapore #Tourism #BusinessImprovementFund #Innovation #TechnologyInTourism #TourismTech #Funding

As the world embraces sustainability, accountancy professionals should be at the forefront in steering responsible and ethical business practices. The future-forward MIA Sustainability Blueprint for the Accountancy Profession seeks to empower accountants to achieve four overarching aspirations that can enable Malaysia to advance in sustainable development and navigate the emerging frontiers of business.   To learn more about the MIA Sustainability Blueprint, visit https://bit.ly/3Wh13io