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CORPORATE NEWS

SINGAPORE COMPANY ident and CEO of Siemens ASEAN and organization that runs the world’s environ-
OPENS FEED FACILITY Vietnam. On this occasion, Siemens and mental disclosure system used by over 18,700
AIT also organized the “Sustainable Devel- companies and 1,100 cities, states, and
opment and Net Zero Carbon 2050 - Vision regions globally, and backed by investors
and Challenges” seminar, to discuss the with assets of $137 trillion. As part of its
advantages of renewable energy in Vietnam, commitment to assisting businesses in imple-
construction orientations, and active green- menting meaningful sustainability practices,
house gas emissions reduction measures PwC expanded its partnership to the broader
along with the international community’s Asia-Pacific region, starting with Southeast
cooperation and support and technology Asia in October 2023, becoming an accred-
transfer, including implementing mecha- ited partner as a gold climate change con-
nisms under the Paris Agreement. sultancy and Science-Based Targets (SBT)
The Singapore-based Entobel has opened solutions provider covering Indonesia,
a black soldier fly larvae production facility GAMUDA LAND BREAKS GROUND AT Malaysia, the Philippines, Singapore, Thai-
in Vietnam with a capacity of producing HIGH-END HCMC PROJECT land, and Vietnam. PwC is a CDP-accredited
10,000 tons of protein meal a year. The gold climate change consultancy and SBT
factory had its grand opening in the south- solutions provider in mainland China, Hong
ern province of Ba Ria-Vung Tau last Kong (China), Macau (China), and Taiwan
month. With the new plant, the company (China), as well as a silver climate change
is able to supply nutrient-rich functional consultancy and verification solutions
insect ingredients in volumes and at a provider in the US. This impact-driven
price point that is relevant to the animal partnership aims to promote disclosure in
feed industry. The factory sets the standard Southeast Asia, where CDP has recorded a
for Entobel’s strategic expansion across growing momentum of environmental dis-
the region. This significant occasion also closure and action. According to the Nature
marks Entobel’s decade-long presence in Gamuda Land last month organized a Incorporated report released by CDP earlier
Vietnam, with a firm commitment to breaking ground ceremony for Eaton Park, this year, in 2022 there was a 47 per cent
reshaping the future of the feed / food its first high-end flagship project in the increase in disclosures through CDP across
production system. Entobel is the seventh east of Ho Chi Minh City and its fifth the region, where 482 companies in South-
investee company announced by the project in Vietnam. The project covers 3.7 east Asia reported climate data, 123 disclosed
Mekong Enterprise Fund IV. In May 2022, ha and comprises apartments, including on water, and 35 on forests.
Mekong Capital announced that MEF IV penthouses, as well as shophouses and a
had invested $25 million in the company retail podium. Expected to launch in the STANDARD CHARTERED & MoNRE
as part of a $30 million funding round. second quarter of 2024, the project boasts HOLD CLIMATE EVENT IN UAE
an array of state-of-the-art amenities,
SIEMENS & AIT INTRODUCE NEW including an infinity pool, a jacuzzi, a
SWITCHBOARD world-class fitness center, a golf-simulation
room, and various other pet- and family-
friendly facilities nestled in a lush green
landscape. According to Mr. Teoh Chin
Siang, General Director of Gamuda Land
Ho Chi Minh City, Eaton Park, along with
two other projects - Elysian, also in Thu
Duc city, and Artisan Park, in nearby Binh
Duong New City in Binh Duong province Standard Chartered Vietnam and the Min-
- are following a quick-turn-around business istry of Natural Resources and Environment
plan as Gamuda Land is expanding the (MoNRE) hosted the “Mobilizing finance
Siemens Vietnam and the Advanced Infor- scale of its business in Vietnam. Gamuda to achieve Vietnam’s commitment on climate
mation Technologies Corporation (AIT) Land began operations in Vietnam in 2007. change” event in the United Arab Emirates
have jointly organized the launch of the last month on the sidelines of the UN
SIVACON S4 switchboard. The power dis- PwC EXPANDS ENVIRONMENTAL climate change conference, COP28. The
tribution switchboard - from Siemens and DISCLOSURE SYSTEM Vietnamese Government and the bank
manufactured in Vietnam by AIT - com- exchanged five MoUs valued at approxi-
plements the SIVACON S8 switchboard mately $3 billion for sustainable financing
and offers more options to middle and to support five local businesses in achieving
upper-class customers in terms of office their sustainability goals. “COP28 is a critical
buildings, supermarkets, hotels, and indus- moment for the sustainability agenda to
trial parks. The SIVACON S4 switchboard engage a broad range of stakeholders on
will ensure high requirements for constant climate change,” said Ms. Michele Wee,
and efficient power supply and the opti- CEO of Standard Chartered Vietnam. “We
mization of operations and installation aim to contribute credible and meaningful
area. “With the rich experience of AIT over dialogue that helps turn commitments into
the past 20 years, we believe that the made PwC has announced it has expanded its action on climate. Now is the time for out-
in Vietnam SIVACON S4 will become the accreditation by CDP to a network of solu- comes to be delivered where they matter.
most popular product chosen by Vietnamese tions providers throughout six PwC Southeast Finance can enable and accelerate the just
customers,” said Dr. Pham Thai Lai, Pres- Asian territories. CDP is a global non-profit transition to net-zero.”

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