All posts tagged: company activities and management

The 0 billion beauty industry’s ‘green’ ambitions are a patchwork at best. And they’re falling short

The $500 billion beauty industry’s ‘green’ ambitions are a patchwork at best. And they’re falling short

Published by Sam Flores

CNN  —  The escalating climate crisis is shifting many people’s purchasing patterns and this extends to the $500 billion dollar global beauty industry which is grappling with a range of sustainability challenges across product manufacturing, packaging and disposal. Strategy and consulting firm Simon Kucher’s Global Sustainability Study 2021 found 60% of consumers around the world rated sustainability as an important purchase criterion, and 35% were willing to pay more for sustainable products or services. This shift in consumer preferences has propelled many beauty brands to set environmental goals: to move away from single-use and virgin plastics, provide recyclable, reusable and refillable packaging and offer more transparency around products’ ingredients so customers can ascertain how “green” their purchase is. However, consumers still struggle to understand the sustainability credentials of many products, according to the British Beauty Council. This is because the industry’s clean-up efforts have been inconsistent, and fall short of making a recognizable impact in the absence of collective goal-setting, global strategy and standardized regulations. Ingredient and branding transparency There is no international standard for …

HSBC spinoff: Bank’s top execs face tense shareholders in Hong Kong calling for a breakup

HSBC spinoff: Bank’s top execs face tense shareholders in Hong Kong calling for a breakup

Published by Sam Flores

Hong Kong CNN  —  HSBC’s top brass defended their strategy Monday to frustrated shareholders in the lender’s largest market, as Europe’s biggest bank continued to face calls to be split up. At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how the bank was approaching demands for an overhaul of its business to its purchase of Silicon Valley Bank’s UK arm. In prepared remarks, Tucker and Quinn each reiterated the board’s recommendation that shareholders vote against a resolution on the docket for its annual general meeting in May that would force the bank to come up with a plan to spin off or reorganize its Asian business — the lender’s main source of profits. Tucker said the board was unanimous in its opposition to the resolution, stating plainly: “It would not be in your interest to split the bank.” He said the board had previously reviewed a range of options for restructuring the bank, and concluded that such alternatives would “materially …

Premarket stocks: CEOs are tired of being held responsible for gun regulation

Premarket stocks: CEOs are tired of being held responsible for gun regulation

Published by Sam Flores

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  Americans have grown used to corporate executives treading the well-worn paths of the Northeast corridor to convene alongside elected officials in Washington, DC, and discuss geopolitics, policy and all that’s in-between. In 2017, major CEOs from across the country came together to oppose North Carolina’s transgender bathroom law. In 2019, they called abortion bans “bad for business.” After the deadly attack on the US Capitol on January 6, 2021, many of corporate America’s biggest names denounced the rioters and pledged to halt their political giving. Recently, more than 1,000 companies promised to voluntarily curtail their operations in Russia in protest of Moscow’s war on Ukraine. Dick’s Sporting Goods stopped selling semi-automatic, assault-style rifles at stores and Citigroup put new restrictions on gun sales by business customers after the mass shooting at a high school …

‘Roborace’ car makes street track debut in Marrakech

‘Roborace’ car makes street track debut in Marrakech

Published by skeptic

Story highlights Driverless electric racer completes successful track test in Marrakech, Morocco Planned Roborace series will see autonomous cars compete at Formula E ePrix weekends CNN  —  It is a car kitted out with technology its developers boldly predict will transform our cities and change the way we live. The autonomous “DevBot #1” took a giant leap forward in Morocco recently, making its debut on a street track at the Formula E Marrakech ePrix. The battery-powered prototype is being tested for Roborace – a proposed race series where driverless cars will compete on temporary city circuits. “It’s the first time we’ve run the Devbot in driverless mode on a Formula E track in the middle of a city street,” Roborace’s Justin Cooke told CNN. “It’s so exciting for the team who put hours and hours of work in. These guys were up to 1-2 a.m. in the morning developing a technology that no one else in the world is able to do at this speed and in these complicated environments.” Read: Electric race car showcases …

What if you could wear a chair?

What if you could wear a chair?

Published by skeptic

Story highlights Japan’s innovative wearable devices includes Archelis, a “standing” chair designed for surgeons. Tokyo’s first Wearable Expo debuted in 2015 and was largest in the world. Japan’s wearable tech market is predicted to grow from 530,000 in 2013 to 13.1 million units in 2017. CNN  —  What do Discman, Tamagotchi, and Game Boy have in common? They’re all landmark Japanese inventions from the 80s and 90s, symbols of an era when the Asian nation was a world leader in tech innovation. But with the rise of Silicon Valley, and American tech giants such as Google and Apple, has seen Japan produce less era-defining tech over the past two decades. That, says Professor Masahiko Tsukamoto, of Kobe University’s Graduate School of Engineering, is about to change thanks to a new generation of young entrepreneurs, an uptick in international collaborations, and new partnerships with university scientists. Japan’s focus this time around is not on smart phones or gaming, but wearable chairs, smart glasses and dog communication devices. In short, wacky wearable tech. In 2013, Japan sold …