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Tag: sunlight

  • Unilever Vietnam implements approaches towards net zero future

    Unilever Vietnam implements approaches towards net zero future

    Unilever has started a range of programs and initiatives for a net zero value chain by 2039, contributing to Vietnam government’s net zero carbon emissions vision by 2050.

    In 2021, Unilever published its Climate Transition Action Plan, an ambitious and transparent roadmap to help reduce its operational emissions by 100% by 2030 and reach net zero emissions across its value chain by 2039.

    First, Unilever Vietnam is replacing all fossil fuel use in the factories’ boilers with renewable energy source – biomass recycled from damaged pallets, shredded wood, etc. The company is also committed to using entirely renewable electricity at all factories and offices in Vietnam.

    Secondly, Unilever aims to halve its use of virgin plastic by 2025 to help lower the value chain emissions. Unilever Vietnam has reduced 55% virgin plastic in its packaging production, three years earlier than the global target, through absolute reduction and post-consumer recycled plastic use.

    Thirdly, the company is now replacing fossil fuel-derived chemicals with renewable or recycled carbon. In Home Care, Unilever estimates this will reduce its product’s greenhouse gas emissions by up to 20%.

    In Vietnam, Unilever implemented “Clean Future” campaign for Home Care product line early this year, aiming to develop product formulation with water efficiency and biodegradability, and utilize 100% renewable or circular feedstocks. Currently, a number of products from Omo, Comfort, Sunlight, Cif, Lifebuoy have met the criteria of product formulation driving water efficiency and biodegradability.

    Next, Unilever Vietnam is working with their partners and suppliers in the value chain to cut down the GHG emissions as more than 75% of the carbon footprint in Unilever Vietnam’s supply chain derives from input materials and outsourced activities.

    Until now, the company has eliminated CO2 emissions and carton waste in packaging transportation from Dynaplast; converted to 100% electric forklifts, contributing to a reduction of 1,999 tons of CO2 emissions at all distribution centers by the end of 2021 in comparison with 2020; and implemented the circular economy model in the waste management, turning waste into sources of energy and fertilizers to serve manufacturing activities.

    Unilever globally will be calling on countries to deliver policies that accelerate energy and food system transitions at COP27 on the horizon.

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  • Sunlight returns to retail

    Sunlight returns to retail

    Chief executive of Sunlight Real Estate Investment Trust (0435) Keith Wu Shiu- kee said the volatile period in the retail market at the start of the year has passed.

    Wu said though the local retail market was not performing well over the past two to three years but its impact on rents for shops in shopping malls was limited. He pointed out that rents for shops extending their rental contract in the REIT’s shopping malls went up 6.5 percent during the three months ended September 30. A slowdown in the retail market had not affected shops selling daily necessities, he said. He expected the retail market to continue to improve next year. Commenting on increasing demand for Hong Kong’s office spaces from mainland companies, Wu said it might increase the cost for purchasing offices.

    Meanwhile, he said the revamp of Sheung Shui Centre is nearing completion but admitted that the occupancies was not 100 percent.

    Retail spaces occupied by food and beverages shops in the mall has gone down following revamp, he said, but rents from the food and beverages shops have gone up by a double digit. Seperately, Lifestyle International (1212) said the total investment cost for its Kai Tak commercial project is expected to be about HK$13 billion.

    Lifestyle, operator of Sogo department store, acquired the first commercial site in Kai Tak development zone in November for HK$7.39 billion.

    The company said it intend to develop the site into two blocks of commercial buildings to provide spaces for both retailing and office use.

    Lifestyle planned to house a department store and other facilities which are complementary to the department store operations in the retailing portion, while the office space will be held partly for self-use and partly for leasing out.

    It expected the development to be completed before 2022.

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