Connect with us
Prague Gaming & TECH Summit 2024

Fintech PR

Manulife Investment Management Publishes Inaugural TNFD Aligned Nature-related Disclosure for Timberland and Agriculture

Published

on

manulife-investment-management-publishes-inaugural-tnfd-aligned-nature-related-disclosure-for-timberland-and-agriculture

Milestone report shares the firm’s commitments to a nature-positive future

TORONTO, Jan. 18, 2024 /PRNewswire/ — Manulife Investment Management (Manulife IM) announced it has published its inaugural timberland and agriculture nature disclosure, aligned with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD). As an early supporter of TNFD, Manulife IM will be an early adopter with its publication of its TNFD-aligned disclosure. As the world’s largest manager of natural capital, Manulife IM prioritized issuing this report, which outlines its responsible approach to the stewardship of timberland and agricultural assets.1 Manulife IM oversees approximately 5.5 million acres of timberland across the United States, Canada, New Zealand, Australia, Brazil, and Chile and manages approximately 400,000 acres of prime farmland in major agricultural regions of the United States and in Canada, Chile, and Australia. These assets total more than $15 billion as of June 30, 2023, as part of Manulife IM’s comprehensive private markets strategies.

“Although the TNFD is a recent initiative, we have maintained a longstanding commitment to the responsible stewardship of timberland and farmland for over 30 years,” said Brian Kernohan, Chief Sustainability Officer, Private Markets, Manulife Investment Management. “Our first TNFD-aligned nature disclosure marks an important milestone, and it further attests our ongoing pursuit of excellence in responsible operations and transparent reporting as well as our commitment to nature and our support for the TNFD framework.”

The TNFD aims to bring changes to the culture and actions of companies and financial institutions through risk management and mainstream corporate reporting as it relates to nature-related assessment and disclosure. The TNFD recommends 14 disclosures covering governance, strategy, risk and impact management, and metrics and targets, to promote the provision of clear, comparable, and consistent information by companies to investors and other providers of capital. Manulife IM has supported the development of the TNFD since its early stages, championing the release of the TNFD’s final recommendations and reporting framework in September 2023.

“Nature-related dependencies, impacts, risks, and opportunities are thoroughly considered throughout our business, from the initial stages of investment due diligence to the operational management. We believe it’s our responsibility to keep natural capital assets healthy and productive over the long term,” said Thomas Sarno, Global Head of Timberland Investments, Manulife Investment Management. “We strive to proactively assess and manage nature-related risks and opportunities to help our clients achieve their objectives and build resilient portfolios.”

“Nature plays a vital role in the future success of our businesses, the economy, and society,” added Oliver S. Williams IV, Global Head of Agriculture Investments, Manulife Investment Management. “Alignment with the TNFD general requirements and disclosures, with the data and information currently available, is a significant step in our journey to achieving key priorities of our sustainability program supporting climate change mitigation and positive biodiversity and nature-related outcomes.”

Highlights from the report include:

  • Materiality in the investment process
    • Across both timberland and agriculture, Manulife’s IM’s stewardship approach focuses on climate, nature, and people throughout the cycle of an investment.
    • Since 2021, the firm has used a proprietary process—its sustainability tool kit—that was co-developed in house by its sustainability, acquisitions, and operations teams to identify, assess, and score environmental, social, and governance components of every transaction.
    • Together with its deforestation policy, carbon principles, and carbon tool kit (used specifically for forest carbon project evaluation) this approach is designed to systematically consider all identified material sustainability considerations.
  • Materiality in operations
    • Manulife IM believes independent third-party sustainability certification is a comprehensive mechanism for credibly demonstrating sustainable asset management and, critically, that it provides independent assurance to stakeholders.
    • As of December 31, 2022, 100% of Manulife IM’s managed forests were certified under either the Sustainable Forestry Initiative® (SFI) or Forest Stewardship Council® (FSC).2 In agriculture, 100% of its U.S. farmland investments were certified in June 2022 to the Leading Harvest Farmland Management Standard by a third party,3 and other agriculture investments have participated in Leading Harvest pilot programs in Australia and Canada. Some assets have been certified to additional agriculture standards on a case-by-case basis. Overall, 223 of the 245 properties (91%, or approximately 80% of agriculture assets under management) in the global agriculture investment portfolio carried one or more third-party certifications.
  • Consideration of time horizons
    • Long-term thinking is fundamental to timberland and agriculture investment management and Manulife IM’s experience operating timberland and farmland assets over the past 30 years has shaped and refined its ability to manage sustainably over extended time horizons.
    • Manulife IM’s financial models and asset management plans are forecast over 50 years for timberland, while for agriculture the forecast is typically 10 to 30 years ahead, depending on the type of asset.

1 IPE research, as of February 5, 2023. Ranking is based on total natural capital assets under management (AUM), which includes forestry/timberland and agriculture/farmland AUM. Firms were asked to provide AUM and the as of dates vary from December 31, 2021, to December 31, 2022.

2 As of December 31, 2022, 100% of our forests were certified under either SFI (3.2 million acres in the United States and Canada) or FSC (2.2 million acres in Australia, New Zealand, Brazil, and Chile).

3 Certification as of June 2022, by Leading Harvest and is based on an annual assessment of the conformation to the Farmland Management Standard. Manulife Investment Management’s timberland and agriculture team (then operating as Hancock Natural Resource Group) is a founding member of Leading Harvest. In addition, Oliver Williams, global head of agriculture, is current chair of the Board of Directors for Leading Harvest. For more information on Leading Harvest, please see leadingharvest.org/about.

About Manulife Investment Management 
Manulife Investment Management is the brand for the global wealth and asset management segment of Manulife Financial Corporation. Our mission is to make decisions easier and lives better by empowering investors for a better tomorrow. Serving more than 17 million individuals, institutions, and retirement plan members, we believe our global reach, complementary businesses, and the strength of our parent company position us to help investors capitalize on today’s emerging global trends. We provide our clients access to public and private investment solutions across equities, fixed income, multi-asset, alternative, and sustainability-linked strategies, such as natural capital, to help them make more informed financial decisions and achieve their investment objectives. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

Media Contact: Elizabeth Bartlett, Elizabeth_Bartlett@Manulife.com

View original content:https://www.prnewswire.co.uk/news-releases/manulife-investment-management-publishes-inaugural-tnfd-aligned-nature-related-disclosure-for-timberland-and-agriculture-302038456.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

United Imaging Showcases AI-Driven Innovations and Expands European Presence at ECR 2024

Published

on

united-imaging-showcases-ai-driven-innovations-and-expands-european-presence-at-ecr-2024

VIENNA, Feb. 23, 2024 /PRNewswire/ — United Imaging, a global leader in medical technology, is showcasing its full portfolio of AI-empowered innovations at the European Society of Radiology (ECR) 2024 in Vienna, Austria.  The company highlights its significant EU growth since establishing its regional headquarters in Poland in 2019.

Dr. Al Zhang, Ph.D, Chairman & Co-CEO of United Imaging, stated, “The theme of this year’s ECR, ‘next-generation radiology,’ aligns seamlessly with our innovation philosophy. We’re not just thinking about today; we’re actively shaping the future. At United Imaging, all our innovations are AI-driven, enhancing clinical workflows and supporting diverse scenarios, solidifying our commitment to delivering value to the global medical community. Our future-ready innovation strategy has propelled us to significant global growth.”

Lukasz MIZERKA, vice president of United Imaging international business and general manager for Europe, added, “Last March, we held our first brand launch at ECR, officially introducing our passion for change to the European market. During the year, we achieved swift progress, extending our footprint to numerous European countries with our high-end equipment, serving as testament to the resonance of our mission of bringing ‘equal healthcare for all’. This year marks both our second ECR and fifth year in Europe, and we’re going to present our full portfolio of groundbreaking products and numerous world-first innovations to showcase our confidence and persistence in Europe. We eagerly await everyone to witness our changes and embrace the bright future ahead.”

In five years, United Imaging has introduced hundreds of systems and reached 16 European countries, offering efficient and professional service. Globally, United Imaging’s products have reached more than 12,000 institutions in over 60 countries, including the U.S., France, Italy, Japan, Korea, and the UAE. Also, the company’s top-tier technologies have led to collaborations with prestigious institutions such as Yale University, UC Davis, Washington University in St. Louis, and University of Texas.

Highlighting the growth at ECR 2024, United Imaging will feature the uMR Jupiter 5T (not CE marked in EU) at ECR 2024, a revolutionary whole-body 5T MRI system. The world’s first whole-body ultra-high field 5T MR, the uMR Jupiter 5T, is a revolutionary whole-body 5T MRI system. It transcends the traditional constraints of ultra-high-field MRI, previously confined to imaging of the brain and selected MSK joints. The potential applications of the uMR Jupiter 5T extend to encompass not only the brain and MSK, but also the abdomen, cardiac, pelvis and other additional anatomical regions. The uMR Jupiter 5T has the potential to eclipse the capabilities of standard 3T MRI machines in resolution and signal-to-noise ratio, delivering clarity that empowers radiologists to ‘see the unseen.’ The uMR Jupiter 5T is also designed to overcome the key hurdles of ultra-high field MRI: image uniformity and radio frequency safety. It fits into existing 3T MRI spaces, signaling a significant advancement in the industry.

Pioneering the digital transformation of medical imaging, the booth will also feature AI platforms for the full portfolio of innovations. The uAIFI is an end-to-end technology platform that revolutionarily enhances MRI with AI-integrated hardware and software, significantly improving image quality and expediting diagnostic processes while enhancing user-friendliness. Pioneering with care, the uAIFI offers a holistic approach across the care continuum. Standout features include ACS, the AI-assisted MR acceleration technology designed to enhance both 2D and 3D imaging, and EasySense respiratory gating and monitoring, offering a unique, belt-free experience for patients while simultaneously streamlining the workflow for healthcare professionals, redefining the image quality standard. Evolving intelligently, this future-oriented, human-centered platform undoubtedly brings a new level of AI integration to uMR systems. In tandem with uMI scanners, uExcel is a multi-dimensional molecular imaging technology platform. It aims to meet the advanced demands for functionality, usability, safety, stability, and scientific research. Combined with uExcel UDP, the ultra-digital-platform detector, uExcel SCAN, the smart scanning toolset, uExcel CARE, the AI reconstruction engine, uExcel QA, the efficient quality control system and uExcel EXPLORE, the suite for scientific research, this platform empowers the exploration with ease and innovation both today and tomorrow, promising a more comfortable experience for patients, and a more effective workflow for doctors. Furthermore, the uVera Technology empowers the DSA system with intuitively bionic ability by intelligence-driven robotics, perception, and imaging. And the All-In-One Solution redefines radiotherapy workflow efficiency from CT simulation to treatment delivery.

Adhering to the “Born with AI” philosophy and aligning with the theme of this year’s ECR, “Next Generation Radiology,” United Imaging Intelligence (UII), an AI company within the United Imaging Group’s portfolio, will demonstrate how the fusion of AI is revolutionizing healthcare, highlighting the company’s comprehensive approach to innovation. At the company’s booth this year, UII is poised to showcase its latest medical AI technological breakthroughs, including groundbreaking AI applications of large medical image models and surgical planning, as well as a full spectrum of medical AI solutions across neurology, cardiology, thoracic care, and oncology.

In terms of novel AI applications, UII will unveil the uAI SAT, a smart annotation tool powered by the large medical image model, as well as the next generation of uAI Pioneer Portal, which is equipped with a goggle-less 3D monitor controlled by hand gestures. The audience will experience advancements in 3D surgical planning for thoracic, hepatobiliary, and urological surgeries. Additionally, with a wide array of clinical solutions, UII will also present its support throughout the entire clinical workflow from imaging and prevention to diagnosis, treatment, follow-up assessment, and research.

Aiming at propelling radiology into a new era of transformation, UII has deployed its innovative products in over 3,000 medical institutions worldwide and formed research and product collaborations in Europe, remaining steadfast in further expanding development and partnerships across the globe, thus universally enhancing medical AI accessibility.

(Notes: Products and features mentioned herein may not be commercially available in all countries. Their future availability cannot be guaranteed.)

Attendees of the ECR are welcome to explore the forefront of radiology at booth 401 – Expo X4, where United Imaging persists in connecting innovation with patient well-being through cutting-edge technologies.

View original content:https://www.prnewswire.co.uk/news-releases/united-imaging-showcases-ai-driven-innovations-and-expands-european-presence-at-ecr-2024-302068566.html

Continue Reading

Fintech PR

Flash News: Native Integrates OKX Wallet for Seamless Access

Published

on

flash-news:-native-integrates-okx-wallet-for-seamless-access

SINGAPORE, Feb. 22, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 23, 2024.

OKX Wallet’s browser extension is now integrated with Native, the invisible decentralized exchange (DEX) layer that allows each DEX to be owned by an individual project. By integrating OKX Wallet, Native users can now easily connect their wallets to access the DEX network’s deep liquidity pools directly from the Native interface.

The integration gives Native traders improved convenience by enabling decentralized trading without leaving Native. Users also maintain control of their private keys while trading on Native’s DEX layer, improving security.

OKX Wallet is a secure and user-friendly crypto wallet and gateway to decentralized apps. By integrating with Native, OKX Wallet gives its users access to Native’s broad DEX liquidity pools and trading capabilities. This creates a smooth, seamless trading experience for the Native community.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

Logo – https://mma.prnewswire.com/media/2014295/OKX_Logo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/flash-news-native-integrates-okx-wallet-for-seamless-access-302069386.html

Continue Reading

Fintech

Revolut introduces robo-advisor service in the Republic of Ireland

Published

on

revolut-introduces-robo-advisor-service-in-the-republic-of-ireland

 

Revolut, the global financial super-app with a customer base exceeding 35 million worldwide, has recently unveiled its Robo-Advisor service in Ireland.

The company, known for its innovative approach to banking and financial services, aims to simplify the investment process for its users.

The introduction of the Robo-Advisor is a response to the growing demand for accessible investment options. Many potential investors find the research and management of investments time-consuming and complex, especially those with limited trading experience or those who cannot dedicate time to actively manage their portfolios.

Revolut operates as a financial super-app, offering a wide range of services from traditional banking to cryptocurrency trading. The app is designed to be a one-stop solution for users’ financial needs, making it easier to manage money in a fast-paced digital world.

The new Robo-Advisor service is designed to automate the investment process. By answering a series of questions, customers can have a fully diversified and customized portfolio created for them. This portfolio is then automatically managed, with investments made based on the customer’s risk tolerance and financial goals. The minimum investment to access the Robo-Advisor is EUR 100, with an annual management fee of 0.75% of the portfolio value.

Additional features of the Robo-Advisor include the ability for customers to set up recurring transfers from as little as EUR 10, allowing for regular portfolio growth and minimization of the impact of market volatility. The service also automatically rebalances portfolios and conducts periodic reviews to ensure alignment with the customer’s investment objectives.

Rolandas Juteika, Head of Wealth and Trading (EEA) said, “We are excited to add a Robo-Advisor to our suite of wealth and trading products. We know that many of our customers do not have the time to manage a portfolio or invest in individual securities. In fact, 53% of customers we surveyed last year said they simply don’t know where to start when it comes to investing. Built to make investing more accessible, we want to give our customers the ability to make their money work for them in what we believe will be a tailored and stress-free solution.”

Revolut’s recent expansion of its investment offerings across the EEA, including shares of European listed companies and the introduction of Trading Pro for advanced traders, highlights its commitment to providing comprehensive financial solutions. With over 2,200 US-listed securities, 220+ EU-listed securities, and 270 ETFs available through the app, Revolut continues to enhance its platform, making investing more accessible to a broader audience.

Investment services in the EEA are provided by Revolut Securities Europe UAB, which is regulated by the Bank of Lithuania. While Revolut aims to make investing straightforward and efficient, it’s important for customers to remember that investments carry risks, including the potential for loss and currency fluctuations.

Source: Fintech Global

The post Revolut introduces robo-advisor service in the Republic of Ireland appeared first on HIPTHER Alerts.

Continue Reading

Trending