Fintech PR

Just 3% of companies in world’s top business hubs have green skills needed to transition

Published

10 months ago

January 31, 2024

Results from a new Economist Impact survey show that just a fraction (2.7%) of senior executives located in the world’s business capitals – Berlin, London, New York, Singapore, Sydney, and Tokyo – believe their organisations have sufficient levels of green skills.
Yet nearly all (95.7%) of those surveyed expect green skills to become the most important skill workforces possess in the next five years.
Government action is considered as the most influential driver of companies to recruit workers with more green skills, but the level of investment required, lack of clarity around the definition of green skills, and lack of endorsement from corporate leadership are ranked as top challenges to doing so.
Research shows the shortage of workers needed for the green transition will rise to seven million workers by 2030 if this deficit is not addressed, complicating the route to achieving corporate sustainability goals.

LONDON, Jan. 31, 2024 /PRNewswire/ — Workforces lack the green skills required to transition according to new research by Economist Impact, sponsored by Kyocera Document Solutions. Just 2.7% of the 300 senior business executives surveyed from six of the world’s biggest business hubs believe that their organisations have the green skills needed to meet their corporate climate goals.

Despite this, the report, ‘A green edge: Green skills for the future‘, finds that nearly all (95.7%) of those surveyed expect green skills to become significantly more important for businesses to have in their workforces in the next five years—more so than digital, analytical, management and soft skills.

Executives said the leading benefit of increasing green skills in their workforces is improved brand reputation (86%), followed by resilience against extreme weather events (81.7%), and greater ability to achieve sustainability goals (77%).

The research by Economist Impact provides the very latest data and insights on corporate attitudes towards green skills and the future green workforce, shedding light on one of the most challenging aspects of creating a green economy.

Government regulations and policies were revealed as the leading influence for companies to adopt more green skills in their workforces, stated by the majority (80%) of the executives surveyed.

However the research reveals a disconnect between executives’ intentions and action: Executives see the importance of green skills but say the level of financial investment required is the top reason holding them back. Lack of endorsement from senior leadership and lack of clarity over what constitutes green skills ranked as the second and third biggest obstacles.

“Cities are both laboratories of innovation and essential forces in the green transition. In partnerships with companies, they can make sure the green-skills revolution has the wind at its back”, says Andrew Staples, editorial director, Impact Initiatives & Alliances and Head of Policy & Insights (Asia), Economist Impact, but “We are still in the early laps of this race. Although the pace is likely to pick up, concerns remain that this may not happen quickly enough to forestall the worst consequences.”

Research finds that if the lack of green skill development is not addressed, the delivery of corporate net zero targets will falter. A critical shortage of workers in the green economy may rise to seven million by 2030^{^[1]}. In Europe alone, achieving the continent’s net zero commitments by 2050 will require the retraining of 18 million people^{^[2]}.

Given that smaller companies may have fewer resources, they are placing less emphasis on green skills than their larger counterparts. Nearly a quarter (22.9%) of executives from organisations with less than 250 employees say they do not incentivise their employees to adopt or develop green skills. Comparably, in companies with over a workforce of over 25,000 people, this figure drops to zero.

About the research

“A green edge: green skills for the future” is an Economist Impact report, sponsored by Kyocera Document Solutions. The report accompanies a barometer that assesses the environment for green-skills development and adoption in six cities—Berlin, London, New York, Singapore, Sydney and Tokyo—via a survey of 300 executives. Expert interviews and an extensive literature review supplemented the survey findings. The purpose of the barometer is to study the green-skills ecosystem in the six cities of focus. It allows us to explore the drivers behind green-skills adoption as well as analyse businesses’ readiness and efforts to adopt green skills.

[1] https://www.bcg.com/publications/2023/will-a-green-skills-gap-put-climate-goals-at-risk

[2] https://www.weforum.org/agenda/2023/05/europe-green-skills-solar-wind/

About Economist Impact

Economist Impact combines the rigour of a think-tank with the creativity of a media brand to engage a globally influential audience. We believe that evidence-based insights can open debate, broaden perspectives and catalyse progress. The services offered by Economist Impact previously existed within The Economist Group as separate entities, including EIU Thought Leadership, EIU Public Policy, EIU Health Policy, Economist Events, EBrandConnect and SignalNoise. We are building on a 75-year track record of analysis across 205 countries. Along with framework design, benchmarking, economic and social impact analysis, forecasting and scenario modelling, we provide creative storytelling, events expertise, design-thinking solutions and market-leading media products, making Economist Impact uniquely positioned to deliver measurable outcomes to our clients.

About Kyocera Document Solutions Inc

Kyocera Document Solutions Inc. is a global leading provider of total document solutions based in Osaka, Japan. The company’s portfolio includes reliable and eco-friendly MFPs and printers, as well as business applications and consultative services which enable customers to optimise and manage their document workflow, reaching new heights of efficiency. With professional expertise and a culture of empathetic partnership, the objective of the company is to help organisations put knowledge to work to drive change.

Kyocera Document Solutions Inc. is a group company of Kyocera Corporation (Kyocera), a leading supplier of semiconductor packages, industrial and automotive components, semiconductor packages, electronic devices, smart energy systems, printers, copiers, and mobile phones. During the year ended March 31, 2023, the Kyocera Group’s consolidated sales revenue totalled 2 trillion yen (approx. US$15.1 billion). Kyocera is ranked #672 on Forbes magazine’s 2023 “Global 2000” list of the world’s largest publicly traded companies, and has been named by The Wall Street Journal among “The World’s 100 Most Sustainably Managed Companies.”

View original content:https://www.prnewswire.co.uk/news-releases/just-3-of-companies-in-worlds-top-business-hubs-have-green-skills-needed-to-transition-302048589.html

Fintech PR

7th CIIE Successfully Wraps: Highlights by the Numbers

Published

10 hours ago

November 28, 2024

CISION (PR Newswire)

7th-ciie-successfully-wraps:-highlights-by-the-numbers

SHANGHAI, Nov. 28, 2024 /PRNewswire/ — The 7^th China International Import Expo (CIIE) drew to a successful close on November 10th in Shanghai. While many intangible achievements and connections were made, this year’s data shows how the Expo achieved unprecedented success in global participation and business opportunities. Tentative deals totaled USD 80.01 billion, marking a 2 percent increase from the previous year.

Vibrant Participation from around the World

As a crucial platform for global collaboration, the 7^th CIIE invited 77 countries and international organizations from five continents for the Comprehensive Country Exhibition. Participants incorporated unique cultures, national identities, and modern technology into booth designs, with an impressive lineup of over 200 captivating events hosted at the booths. A total of 3,496 companies from 129 countries and regions participated in the Enterprise & Business Exhibition, including 1,585 companies from 104 countries in the Belt and Road Initiative, 1,106 companies from 13 countries in the Regional Comprehensive Economic Partnership, and 132 exhibitors from 35 least developed countries.

Wide Range of Cutting-Edge Innovations and Debuts

Innovative achievements and diverse debuts have consistently been a major highlight from each edition of the expo. At the 7^th CIIE, the Innovation Incubation Special Section showcased 360 innovative projects from 34 countries and regions, supporting the development of small and medium-sized enterprises (SMEs) and startups. In addition, multinational companies introduced 450 new products, services, and technologies, including over 100 global launches, 40 Asia premieres, and over 200 China debuts, unlocking momentum for new drivers of consumer demand.

International Perspectives and Collaborative Dialogues at the HQF

Serving as an important platform for international communication, the Hongqiao International Economic Forum (HQF) becomes a focal point of attention at each edition of the CIIE. Focusing on trending topics, the 7^th HQF attracted over 8,600 registrations and convened more than 300 globally renowned experts and leaders in politics, business, and academia. The 7^th HQF also released the World Openness Report 2024 alongside the World Openness Index, delivering a message of openness and fostering international cooperation.

The 7^th China International Import Expo was undoubtedly a complete success, demonstrating its significant role as a stage for advancing global cooperation. With preparations for the 8^th CIIE actively underway, the expo continues to expand opportunities for global trade and economic cooperation, warmly inviting countries and enterprises from abroad to join!

Visit CIIE official website for more information: https://www.ciie.org/zbh/en/?from=prnewswire

Contact: Ms. Cui Tel.: 0086-21-968888 Email: [email protected]

Photo – https://mma.prnewswire.com/media/2569264/image_5031553_31815944.jpg

Fintech PR

Europi Property Group AB (publ) successfully issues senior unsecured green bonds

Published

10 hours ago

November 28, 2024

CISION (PR Newswire)

STOCKHOLM, Nov. 28, 2024 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES TO DISTRIBUTE THIS ANNOUNCEMENT.

Europi Property Group AB (publ) (“Europi” or the “Company“) has successfully issued senior unsecured green bonds of EUR 50m under a framework of up to EUR 100m and a tenor of three years (the “Green Bonds“). The Green Bonds have a floating interest of 3M Euribor plus 500 basis points per annum. Europi intends to list the Green Bonds on the sustainable bond list of Nasdaq Stockholm within 12 months and Nasdaq Transfer Market within 60 days, with an ambition to have the Green Bonds admitted to trading within 30 days.

An amount corresponding to the net proceeds from the Green Bonds will be used in accordance with the Company’s green finance framework (the “Green Finance Framework“).

Skandinaviska Enskilda Banken AB (publ) and ABG Sundal Collier AB have acted as advisors in relation to the issue of the Green Bonds. Vinge has acted as legal counsel in relation to the issue of the Green Bonds.

More information regarding the Green Finance Framework and Sustainalytics’ second party opinion can be found at https://europi.se/bond-investors/

For further information, please contact:
Jonathan Willén, CEO, [email protected]
+46 (0) 8 411 55 77

About Europi (www.europi.se)
Europi Property Group, founded in 2019, is a pan-European real estate investment company headquartered in Stockholm (with an office also in London) investing discretionary capital across all sectors with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exists. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/europi-property-group/r/europi-property-group-ab–publ–successfully-issues-senior-unsecured-green-bonds,c4073222

View original content:https://www.prnewswire.co.uk/news-releases/europi-property-group-ab-publ-successfully-issues-senior-unsecured-green-bonds-302318389.html

Fintech PR

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Published

10 hours ago

November 28, 2024

CISION (PR Newswire)

bybit-x-block-scholes-derivatives-report:-eth-outperforms-btc

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

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