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News on Medial
Is Apple's Commitment to Environmental Sustainability Genuine?
CityLife Capetown
·
1y ago
Medial
Apple has demonstrated a genuine commitment to sustainability under Tim Cook's leadership. Their focus on renewable energy and incorporation of recycled materials into products is a positive step. Apple aims to achieve carbon neutrality for all its products by 2030, including the challenging task of addressing third-party Scope 3 emissions. Holding Apple accountable will be crucial to ensure progress, especially considering the significant carbon footprint of the tech industry. Other companies may be inspired to follow Apple's lead in response to growing consumer demand for eco-friendly products.
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Shein faces scrutiny in Italy over environmental practices and greenwashing allegations
Livemint
·
9m ago
Medial
Italian competition authority is investigating Shein, a fast-fashion retailer, over allegations of misleading consumers about its environmental sustainability claims. The probe focuses on whether Shein engaged in "greenwashing" by exaggerating or misrepresenting its sustainability practices. The authority specifically mentioned Shein's "evoluShein" collection, which may have misled customers into thinking the products were recyclable. Shein has faced criticism for contributing to overconsumption and environmental degradation in the past. The company has pledged to cooperate with the investigation and reiterated its commitment to complying with laws and regulations.
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Apple's Glowtime event: iPhone 16 series, AirPods 4, new Apple watch and more
Economic Times
·
10m ago
Medial
Apple is set to unveil its latest lineup of devices, including the iPhone 16 series, at its upcoming event called "Glowtime" held at Apple Park. The event will also showcase a redesigned Apple Watch Series 10 and updates to the AirPods lineup. The iPhone 16 series consists of four models, while the Apple Watch Series 10 is expected to have a sleeker look and larger display. The AirPods 4 will come in two variants, including a Pro model with active noise cancellation. Apple's commitment to environmental sustainability is reflected in the construction of Apple Park, which uses 100% renewable energy.
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Did GEF Capital meet the benchmark in full exit from IPO-bound tech company?
VCCircle
·
3m ago
Medial
GEF Capital Partners, a sustainability and climate-focused private equity firm, has fully exited a technology services company preparing for an IPO. The firm, spun out from the US-based Global Environment Fund in 2018, successfully sold its entire stake. GEF is currently raising its third fund, emphasizing its commitment to sustainable and climate-focused investments. The exit marks a significant milestone for GEF as it continues to focus on environmental investment.
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LeapFrog taps another LP after raising corpus for latest climate fund last year
VCCircle
·
10m ago
Medial
LeapFrog Investments, a sustainability-focused impact investment firm backed by Temasek, has secured a returning limited partner for its climate transition fund. The fund, which aims to invest in companies addressing climate change in Asia and Africa, was launched in July last year. LeapFrog has successfully raised capital for this latest climate fund, demonstrating its commitment to drive positive environmental impact through investment in these regions.
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Exxaro Tiles sets up captive 5MW solar plant to meet sustainability goals, cut energy costs
Economic Times
·
17d ago
Medial
Exxaro Tiles, based in Gujarat, has established a 5MW solar power project at its Talod facility in Sabarkantha district to pursue sustainability and cost-efficiency. The project is expected to reduce energy costs by 30%, saving approximately Rs 5.67 crore annually. Exxaro Tiles, which produces vitrified and glazed tiles, operates two plants in Gujarat and exports to over 15 countries, including the US and Canada. The solar initiative supports Exxaro's commitment to clean energy and environmental responsibility.
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Global real assets investor Patrizia raising new Asia fund with likely India mandate
VCCircle
·
2m ago
Medial
German asset manager Patrizia SE plans to expand its investment in green energy and sustainable infrastructure in Asia, possibly including India, by launching a new private equity-style fund. The firm, headquartered in Augsburg, Germany, aims to raise up to $300 million. This move signifies Patrizia's continued commitment to increasing its exposure to emerging markets and sustainable projects, aligning with global trends towards sustainability and environmental stewardship in investment strategies.
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Kerala startup to install 1,000 EV charging stations across India
Inshorts
·
2y ago
Medial
GO EC, a startup based in Kerala, has announced its ambitious plan to deploy 1,000 electric vehicle (EV) charging stations throughout India. The company intends to strategically position these charging stations in various locations, including state capitals, state highways, national highways, rural areas, as well as Tier II and Tier III cities. The CEO, PG Ramnath, highlighted the company's commitment to environmental sustainability, aiming to offer sustainable charging solutions that contribute to the acceleration of a greener future.
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Indian Oil to invest $30 billion towards energy transition
Livemint
·
1y ago
Medial
This investment will be strategically allocated to fuel an array of comprehensive environmental sustainability measures across the corporation's vast operations, IOC said
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Apple expands India footprint with new office in Bengaluru
Inc42
·
1y ago
Medial
Apple has unveiled a new 15-floor office in Bengaluru, India, as part of its expansion plan in the country. The office, located in Bengaluru's Silicon Valley, will accommodate up to 1,200 employees and will feature designated lab space, wellness areas, cooperation spaces, and a cafeteria. Apple is aiming to manufacture over 50 million iPhones in India by March 2023 as it seeks to reduce reliance on China. The office will operate entirely on renewable energy, aligning with Apple's commitment to sustainability.
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Brij Hotels raises $4 Mn in Series A funding round
Entrackr
·
1y ago
Medial
Boutique hotels Brij Hotels has picked up $4 million in Series A round co-led by the Manipal Education & Medical Group (MEMG) Family Office. High net worth individual investors including Abhay Jain, Bain Capital MD Abhiroop Jayanthi , Rajendra Rao, and Prashant Deshpande also joined the company’s new financing. The company plans to utilise the proceeds for strategic expansion and strengthen its presence in the competitive hospitality industry, Brij Hotels stated in a press release. Founded in 1991 by Udit Kumar and Anant Kumar, Brij is a collection of hotels that offer hyperlocal experiences, all while prioritising sustainability. It lays emphasis on sustainability with the zero-kilometre concept minimising environmental impact. According to the Delhi based company, its portfolio includes eight operational hotels at tourist destinations which are dedicated to create connection between luxury and locale by commitment to sustainability. The company says that it operates as an asset-light model and engages in revenue-sharing agreements with property owners.
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