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Taiwan Power Company Conferred Asia’s Most Prominent CSR Awards under Investment in People Category

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TAIPEI, TAIWAN – Media_OutReach – 11 June 2019 – A total of 64 projects and business leaders across 16 countries in Asia were selected as recipients of Asia Responsible Enterprise Awards (AREA) 2019, an increase of 19% from last year. Regarded as the top corporate social responsibility awards in Asia, this year’s ceremony was organized in Taipei, after being held in Macau, Singapore, Bangkok, and Manila previously.
Organized by Enterprise Asia, the leading non-governmental organization for responsible entrepreneurship in Asia, the AREA aims to recognize and honor Asian businesses and leaders for championing sustainable and socially responsible business practices. The award categories are social empowerment, investment in people, health promotion, green leadership, corporate governance, and responsible business leadership. Some of the dignitaries who graced the event include Mr. Chang San-cheng, former premier of the Republic of China (Taiwan) and Mr. Hou Yu-Ih, mayor of New Taipei City.
Leading the list of winners under the investment in people category was Taiwan Power Company (Taipower) with their project “Building the Soft and Hard Capacity for Professionals in the Power Industry”.
Established in 1946, Taipower is an integrated, electric utility company with businesses in power generation, transmission, distribution and services. As of 2018, the Taipower system had a total installed capacity of 44.51 GW. Its primary energy sources include thermal power, hydro power and other forms of renewable energy.
Throughout its history, Taipower has relied on its professional workforce to maintain a high-quality, reliable power supply. Internally, the Company is grappling with a retirement peak, and the related challenge of transferring skills and knowledge from older employees to the next generation. These factors have necessitated the development of an innovative talent training program that fosters the safe and effective development of new employees.
The program is designed around the goals of active recruitment through multiple channels in order to stabilize the talent pool; the cultivation of core competencies and the development of lean power talents; the acceleration of cultivation and promotion of outstanding employees, the construction of a platform to strengthen the adaptability of employee; the introduction of learning technologies that improve the effectiveness of training; and the recognition of core human resources and the application of multiple training methods to meet learning needs.

Framework and Strategy Taipower’s innovative talent cultivation program has three core components, namely a comprehensive training system and policy, the integration of emerging technologies and the cultivation of a caring, employee-centered environment.
The Company strives to use emerging technologies and methodologies in all stages of its training system. The introduction of new technologies is to improve employee effectiveness and safety. Recent initiatives included the introduction of e-books on i-Tunes U, a real-time response system, and a micro- learning video platform. Taipower is working to fully integrate Virtual Reality models to enhance training in unsafe environments.
To help employees relieve stress and to achieve a healthy work-life balance, Taipower initiated its Heart-to-Heart program. For more than 30 years, the program has provided an employee assistance system and worked to create a supportive environment that cares for the mental health needs of employees.
Achievement and Impact As a public utility, and a major employer, Taipower plays a significant role in establishing employment standards and benchmarks in Taiwan. It has consistently sought to cultivate talent and create opportunities for young employees. The Company was recently honored to be ranked 13th on a list of employers preferred by those entering the workforce in the 2018 Cheers (magazine) annual survey.
The quality of the Company’s training centers was also acknowledged when their training system passed the Talent Quality-Management System Assessment and acquired the “Excellent Enterprise Vocational Training Institute” designation from the Ministry of Labour. In confirmation of this recognition, Taipower has consistently encouraged its employees to pursue related licenses and certificates. In 2018, the Company’s training system facilitated the achievement of 4,252 certificates and obtained more than 70,000 certificates by its employees.
Future Direction Strengthening human resource management is an endless journey for every company that is seeking to achieve sustainable development. As a company in the midst of an energy transition, Taipower is particularly aware of the need to foster young talents in renewable energies and their related systems. Hence, the Company has placed a particular focus on developing young professionals to meet its future human resource demands.
In the coming years, Taipower will continue to introduce new technologies for training, and to integrate data from its training courses to improve their effectiveness. The Company will also work towards the use of a big data system to create connections between employees, company needs and training requirements. Moreover, in addition to cultivating the professional abilities of its staff, the Company will continue to use multiple channels to meet the needs of its employee and to construct a healthy, productive and sustainable workplace for all.
*** About Enterprise Asia *** Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. For more information, visit: https://www.enterpriseasia.org/.
*** About Asia Responsible Enterprise Awards *** The Asia Responsible Enterprise Awards recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance and Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.

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BAE Systems eyes more growth in 2021, confident on long-term

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BAE Systems eyes more growth in 2021, confident on long-term 1

By Sarah Young

LONDON (Reuters) – British defence company BAE Systems forecast another year of growth in 2021, helped by Germany’s recent order for Typhoon jets and strong demand in its Electronic Systems unit, and was confident about its longer term outlook.

Defence has so far been one of the few sectors largely unaffected by the coronavirus pandemic, with governments sticking to military and security commitments, and in some cases raising them.

BAE, which builds combat ships, submarines and fighter jets, said that underlying earnings per share would rise by between 3% and 5% in 2021.

Two big acquisitions it made last year in the United States, its biggest market, would boost its higher-margin Electronic Systems unit, which provides flight controls, electronic warfare and surveillance capabilities, it said.

Further in the future, BAE Systems is confident of more Typhoon orders and extra work in Britain, its second biggest market.

Chief executive Charles Woodburn said he expected additional orders from Germany for some Tornado replacements and said there were other European opportunities to go for, believed to include Switzerland and Finland.

“The outlook for Typhoon today is frankly the best I’ve seen it since I’ve been CEO of the business,” he told reporters on Thursday. He took on the top job in 2017.

BAE also expects to benefit from the UK’s biggest military spending increase since the Cold War, announced last November by the Prime Minister who named-checked BAE’s Tempest project.

“I mean obviously that again is very good news for one of our very important flagship long term programmes,” Woodburn said.

Tempest is a British-led project to build a new fighter jet alongside partner nations Italy and Sweden, which BAE hopes will eventually replace Typhoon at its production facilities.

Shares in BAE traded up 1% to 501.8 pence in early trading. The stock has lost 22% of its value over the last 12 months despite its strong performance during the pandemic.

For last year, BAE posted underlying earnings per share of 46.8 pence, a 2% rise on last year, and beating a consensus forecast of 43.7 pence.

Disruption at its factories due to COVID-19 was shortlived and strong growth elsewhere offset declines in sales to commercial aviation customers impacted by the pandemic.

In a year when many companies were left cash-strapped by COVID-19 and axed their dividends, BAE announced a dividend of 23.7 pence for 2020, higher than the 23.2 pence it paid out in respect of 2019.

(Reporting by Sarah Young; Editing by James Davey and Elaine Hardcastle)

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Aston Martin says back on the road to profitability after 2020 loss

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Aston Martin says back on the road to profitability after 2020 loss 2

By Costas Pitas

LONDON (Reuters) – Aston Martin expects to almost double sales and move back towards profitability this year after sinking deeper into the red in 2020, when the luxury carmaker was hit by the pandemic, changed its boss and was forced to raise cash.

The British company’s shares jumped 9% in early Thursday trading after it kept a forecast for around 6,000 sales to dealers this year as new management turns around its performance.

The carmaker of choice for fictional secret agent James Bond has had a tough time since floating in 2018, as it failed to meet expectations and burnt through cash, prompting it to seek fresh investment from billionaire Executive Chairman Lawrence Stroll.

The firm made a 466-million pound ($660 million) loss last year, compared with a 120 million pound loss in 2019, as sales to dealers fell by 42% to 3,394 vehicles, hit by the closure of showrooms and factories due to COVID-19.

For 2021, it expects “to see the first steps towards improved profitability” but is still likely to post a pre-tax loss, the carmaker said.

“I am extremely pleased with the progress to date despite operating in these most challenging of times,” Stroll said.

Aston said demand for its first sport utility vehicle, the DBX, which rolled off the production line at its Welsh plant in 2020, was strong in a lucrative segment of the market it entered to widen its appeal.

The model accounted for 1,516 of deliveries to dealers last year and the company expects further growth in its first full-year of sales, including in the key market of China, where rivals such as Bentley are also seeing high demand.

“We had not even a half-year DBX production in wholesome so probably we are going to see over-proportional growth in China,” Chief Executive Tobias Moers, who took over in August, told Reuters.

($1 = 0.7065 pounds)

(Reporting by Costas Pitas. Editing by Estelle Shirbon and Mark Potter)

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Business

Daimler truck unit to focus on CO2-neutral technology

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Daimler truck unit to focus on CO2-neutral technology 3

BERLIN (Reuters) – German luxury carmaker Daimler said on Wednesday that its plan to spin off Daimler Trucks will allow the world’s largest truck and bus maker to become more profitable and focus more on developing technologies to cut carbon emissions.

The spin-off plan, announced earlier this month, should make the unit more agile, profitable and able to develop CO2-neutral drive technologies for trucks and buses, Daimler said in a statement.

Daimler said the truck business had seen a recovery in the fourth quarter, especially in North America and Europe, selling 121,000 units, almost double that of the second quarter, when sales were hit by the coronavirus pandemic.

For 2021, Daimler Trucks forecasts revenue to be significantly above the prior-year level and is aiming for a significant increase in adjusted return on sales to 6-7%, up from 2% in 2020.

(Reporting by Emma Thomasson; Editing by Caroline Copley)

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