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LG Innotek earns “Leadership A” grade for second year in a row in CDP’s Global Climate Change Response Assessments

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Only the top 2% of 24,000 global companies receive the “Leadership A” grade. Active promotion of eco-friendly management activities toward achieving the goals of “2030 RE100” and “2040 Net Zero.” Company-wide renewable electricity conversion at 60%, with some operations having already achieved RE100.

SEOUL, South Korea, May 15, 2025 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo) announced that it has been awarded the ‘Leadership A grade’ in the 2024 Carbon Disclosure Project (CDP) Climate Change Response Assessments for the second consecutive year.

The CDP is a global initiative commissioned by major financial investment institutions to collect and assess environment-related information of major companies worldwide and provide relevant information to stakeholders through a public platform.

Conducted simultaneously in more than 130 countries around the world, the CDP assessment is recognized as one of the most reliable global sustainability assessments alongside the Dow Jones Sustainability Index (DJSI).

This year’s climate change response category of the assessment included 24,836 companies worldwide. Only 424 companies, 2% of the total, received the ‘Leadership A grade’.

LG Innotek was highly commended for its rapid implementation of tasks toward realizing its ‘goals of achieving 100% renewable energy by 2030 (2030 RE100) and carbon neutrality by 2040 (2040 Net Zero)’, led by a dedicated carbon neutrality team.

LG Innotek recognizes the gravity of climate change and has adopted climate change response as a top priority of its Environmental, Social, and Governance (ESG) management. To this end, the company has set the challenging ‘goals of 2030 RE100 and 2040 Net Zero’ and committed itself to the promotion of eco-friendly management activities.

The company is making multilateral efforts, including transitioning to renewable energy, increasing energy efficiency, and improving processes. It is putting all its efforts into converting electricity, which accounts for a high proportion of greenhouse gas emissions, into renewable energy.

It is expanding its use of renewable energy by acquiring a large-scale renewable energy supply chain primarily through Power Purchase Agreements (PPAs) and Virtual Power Purchase Agreements (VPPAs).

In the company’s push to secure a stable renewable energy supply chain, it is engaging in a variety of activities, such as installing rooftop Photovoltaic (PV) systems at major domestic and overseas business operations and participating in the Green Premium Scheme.

As a result, LG Innotek has switched 638GWh of its electricity consumption, accounting for more than 60% of the electricity used by its domestic and overseas business operations in the past year alone, to renewable sources.

Through this, LG Innotek has achieved RE60 company-wide, and two of its domestic operations, in Paju and Gumi 1A, along with its operations in Vietnam, have already achieved RE100.

LG Innotek CEO Moon Hyuksoo said, “LG Innotek is focusing on genuine ESG management activities centered on climate change response.” He added, “We will continue to create exceptional customer value through global ESG leadership.”

[Glossary]

Global initiative: a set of principles and guidelines, or a council that establishes them, aimed at inducing companies to act responsibly in terms of ESG management and pursue sustainable development. Carbon neutrality: effective reduction of carbon emissions by a company to “zero” by adopting countermeasures to remove as much carbon dioxide as it emits. RE100 (100% renewable electricity): conversion to 100% renewable electricity across all operations. Power purchase agreement (PPA): an agreement entered into by an electricity user to directly purchase power from a renewable energy supplier, with the agreement classified as “on-site PPA” or “off-site PPA” depending on whether the power generation facility is located inside or outside the place where the electricity is used. Virtual power purchase agreement (VPPA): an agreement where an electricity user purchases a renewable energy certificate (REC) from a renewable energy provider.

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Envision Marks First International Application of SAFc at Global Citizen NOW, Providing Environmental Attributes Corresponding to 10 Tonnes of CO₂ Emissions Reductions

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SYDNEY, Oct. 29, 2026 /PRNewswire/ — Envision, a global leader in green technology, expanded its Sustainable Aviation Fuel certificate (SAFc) solution internationally as the Sustainability Partner of Global Citizen NOW: Perth. This marks the company’s first international application of SAFc, demonstrating a practical pathway to integrate aviation decarbonization into the sustainability practices of major global events.

For this event, Envision delivered environmental attributes corresponding to 10 tonnes of CO₂ emissions reductions. These reductions are linked to the actual production and use of sustainable aviation fuel (SAF), with the associated attributes recorded and retired through a leading global Registry to ensure transparency and traceability.

Alongside this initiative, Envision’s Australian team participated in the event’s broader programme, including discussions on clean energy investment and industrial decarbonisation, bilateral meetings, and the Capital Mobilization Roundtable and Masterclass. Through these engagements, the team exchanged perspectives with leaders from business, investment and the climate community on Western Australia’s potential role in the next-generation green industries, while exploring opportunities to strengthen collaboration, mobilize investment and accelerate the clean energy transition.

Co-hosted by Global Citizen and the Government of Western Australia, the summit took place ahead of COP31, convening representatives from governments, businesses, philanthropic foundations, and First Nations communities to advance clean energy access, climate resilience, and inclusive economic development.

The Perth SAFc initiative builds on Envision’s SAFc application at the 26th China International Fair for Investment and Trade (CIFIT) in Xiamen in September, where the company demonstrated how SAFc could address the air-travel emissions of a major conference. Global Citizen NOW: Perth represents the next step—applying this model internationally and demonstrating its potential as a scalable solution for companies and major events seeking to tackle aviation-related emissions across global value chains.

The initiative also reflects Envision’s broader approach to corporate decarbonisation. Across wind and solar power, energy storage, green molecules, net-zero industrial parks, and green computing, Envision is developing integrated solutions to help companies tackle emissions across their operations and value chains.

“Envision will continue to explore the application of green fuels across aviation and international events, foster collaboration throughout the green fuel value chain, and support aviation’s low-carbon transition through transparent, traceable environmental attribute management,” said Bella Zhang, Head of Global SAF at Envision.

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SOURCE Envision

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More Than Business: ChinaMarket’s “Little Bees” Go the Extra Mile for International Buyers

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LINYI, China, Oct. 29, 2026 /PRNewswire/ — When a Malaysian buyer experienced a sudden toothache during the Linyi Mall International Buyers Conference in China, he found help in an unexpected place.

A member of ChinaMarket‘s “Little Bees” service team, Chen Fuqing, promptly accompanied him to a local hospital and assisted him throughout the visit.

It was a small act of kindness, but it reflected something important about doing business in Linyi: international buyers have people they can turn to when they need help.

During the international buyers conference, ChinaMarket established its “Little Bees” service team to assist overseas visitors throughout their stay in Linyi.

From welcoming international buyers and arranging market visits to connecting them with suppliers, helping bridge language barriers, and responding to unexpected situations, the team works to make the sourcing experience easier and more comfortable.

Linyi is home to one of China’s major wholesale market clusters, attracting buyers from around the world with its diverse products, manufacturing resources, and extensive supply chains.

As the official digital platform of Linyi Wholesale Market, ChinaMarket connects global buyers with Chinese suppliers and provides integrated sourcing and trade services.

For international buyers, successful sourcing involves more than finding the right products. Clear communication, reliable coordination, and access to support are equally important.

The “Little Bees” team brings this commitment to life through personal, on-the-ground assistance.

A recent song released by ChinaMarket captures the spirit of the city:

“Come to Linyi, a city that welcomes you with open arms.”

In Linyi, global buyers can discover business opportunities, build partnerships, and experience the warmth of genuine hospitality.

Come to Linyi. Source with ChinaMarket.

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SOURCE ChinaMarket

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UnionPay and Cuscal Paymark Discuss Payment Acceptance and Digital Innovation

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AUCKLAND, New Zealand, Oct. 29, 2026 /PRNewswire/ — Mr. Dong Junfeng, Chairman of China UnionPay and UnionPay International, met with Cuscal Paymark, in Auckland on 19 October 2026 to discuss expanding UnionPay acceptance in New Zealand and opportunities for cooperation in digital payments. Mr. Mike Blomfield, Chief Executive Officer and Julia Nicol, Chief of Staff expressed support UnionPay’s plans and the advancement of key projects.

Cuscal Paymark is New Zealand’s largest payment switching and network services provider. The two parties have maintained a partnership since 2012.  To date, several major banks on its network support UnionPay payments at physical merchants. The company has also incorporated a number of UnionPay product standards into mandatory terminal upgrade requirements, providing a foundation for broader acceptance. Looking ahead, UnionPay will leverage Cuscal Paymark’s local network and transaction processing capabilities to upgrade online and in-store payment platforms and further improve UnionPay acceptance services.

Discussions also covered upgrades to support chip transactions on dual-branded cards, online payment gateway integration, and the joint promotion of SoftPOS solutions to acquirers. The companies agreed to strengthen technical coordination to maintain reliable payment processing during and after system upgrades.

Other topics included agentic payments, digital identity, biometric applications, and payment network connectivity.

Ms. Nicol reaffirmed Cuscal Paymark’s support for UnionPay’s ongoing development in New Zealand and the advancement of key projects. Both parties agreed to explore further cooperation in wallet connectivity and digital payments.

UnionPay entered the New Zealand market in 2008. Its acceptance coverage now exceeds 90%, and UnionPay cards are now widely issued by local financial institutions. UnionPay will continue working with partners to improve payment services, strengthen financial integration between China and other APEC economies, and advance cross-border payment cooperation between China and New Zealand and across the broader Asia-Pacific region.

View original content:https://www.prnewswire.com/apac/news-releases/unionpay-and-cuscal-paymark-discuss-payment-acceptance-and-digital-innovation-302923215.html

SOURCE UnionPay International

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