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In line with the Sustainable Development Goals of the United Nations and the Paris Agreement, the company has set ambitious targets to be achieved by 2030. “By making sustainability an even stronger part of our strategy and operations, we aim to achieve long-term returns and generate a positive impact for society and the environment,” said Werner Baumann, chairman of the Board of Management of Bayer AG. The world is collectively facing an unprecedented challenge to ensure that a growing and ageing world population has the chance to thrive while using the planet’s resources in a more sustainable way. “The scale of our business creates responsibility and opportunity for us to act. That is why we are now significantly stepping up our sustainability efforts,” said Baumann. Bayer will monitor and report the sustainability targets with the same rigour as its financial targets. The goals will be integrated into decision-making processes and management … [Read more...] about Bayer to significantly step-up its sustainability efforts

Home prices saw the steepest increase ever in early 2019 before the gains were trimmed by weakened sentiment and falling sales in the second half of the yearOffice rents peaked in Q1 and have since fallen over the course of 2019The retail sector was hardest hit by the social unrest which stifled any hope of a rebound in retail rents for core submarketsThe volume of major property transactions shrank to a 10-year low alongside the decline in commercial real estate rentsThe leasing and investment outlook across all sectors in 2020 is set to remain subdued as US-China trade tensions and local social unrest continue to weigh on sentiment.HONG KONG, CHINA - Media OutReach - 10 December 2019 - The Hong Kong property market has borne witness to the city's turmoil in 2019. Home prices experienced their steepest increase in the first half of 2019 but have seen those gains trimmed in recent months in the face of the growing social unrest. The ongoing trade tensions and … [Read more...] about Hit by Double Woes, Hong Kong Property Market Heads for an Uncertain 2020

Japanese zipper-maker YKK will begin operations at its second plant in Vietnam in October, reported the Japan Times. YKK R&D Center. Photo: YKK The company plans to increase its production capacity by 40 per cent in the fiscal year through March 2021 compared with fiscal year 2017. YKK Vietnam Co., YKK’s local subsidiary, built the plant at the Dong Van III Industrial Zone in the northern province of Ha Nam, some 40 km south of Hanoi, with total investment of $59.9 million. Adding to its existing plant in the southern province of Dong Nai, the new 51,000 sq m site will shorten delivery times to garment makers in Vietnam’s north. It is also expected to respond to garment production shifting from China to Vietnam. The parent group opened an R&D Center at YKK Vietnam last year, which brought its number of development sites to 36 (eight of which are R&D centers) and its number of R&D personnel to 945 as at the end of 2018. Aside from zippers, YKK also … [Read more...] about Japanese zipper-maker YKK to open second Vietnam plant

The textile and garment industry, aiming to take advantage of free trade agreements (FTAs) with a focus on green manufacturing, is upbeat about earning US$60 billion from exports by 2025. Last year the industry earned $36 billion in exports, up 16 per cent year-on-year, making the country one of the world’s three biggest exporters of textiles and apparel, according to the Viet Nam Textile and Apparel Association (VITAS). Vu Duc Giang, chairman of VITAS, said the association this year set a target of $40 billion in exports, up 11 per cent year-on-year. Speaking at the 2019 Global Textile and Apparel Supply Chain Conference held last week in HCM City, Giang said the industry was expected to enjoy a trade surplus of $20 billion, and employ 2.85 million workers. Textile enterprises have seen positive signs for orders this year, he said. “Many businesses have already received orders for the first six months of 2019 and even for the entire year,” he said. Because of … [Read more...] about Vietnam’s textile industry aims for green standards