Day: January 5, 2022

LOS ANGELES, Jan. 05, 2022 (GLOBE NEWSWIRE) — VinFast, the global electric vehicle (EV) brand owned by Vingroup – the largest private conglomerate in Vietnam with a total capitalization of 34.9 billion USD from three publicly traded companies (as of Nov 3, 2021) – has partnered with AAG Ventures and Harmony to announce a world-first in the use of non-fungible tokens (NFTs) as part of the EV reservation process. This is the first time NFTs have been utilized in this way for the automotive industry, highlighting how blockchain technology is being used in real-world use cases.

Contact: jack@aag.ventures

As return-to-work plans are scrapped and employer trust plummets, leaders must quickly get on the same page as their employees

NEW YORK, Jan. 05, 2022 (GLOBE NEWSWIRE) — Last month, any optimism about a fresh start in the new year quickly evaporated as Omicron-fueled surges sidelined holiday gatherings, disrupted air travel, and drove major corporations, including Apple, Goldman Sachs, and CNN, to once again suspend back-to-the office plans. This is another blow to the already fragile morale of employees who are feeling exhausted and disconnected from two years of pandemic uncertainty and disruption. And employer trust is plummeting amidst all of the pivoting.

Remote and hybrid work will be the go-to models for the foreseeable future, requiring strong and connected leaders who can lift morale and inspire employees. But the latest study by Potential Project found that many leaders are not measuring up, with 55% either lacking in compassion or completely unaware of how they are doing in the eyes of their employees.

The Human Leader study, which surveyed more than 2,000 participants from more than a dozen industries, found that when leaders and employees are on the same page, with a shared view of how things are going, there are stronger levels of commitment and performance all around. For example:

• When leaders view themselves as compassionate and their employees agree, employees experience a 10% reduction in burnout, 11% higher job satisfaction, and 10% higher commitment to the organization.
• When leaders underestimate how compassionate they are, rating themselves less favorably than their employees, their leadership efficacy drops by 12%, intent to quit goes up by 6%, and the leader burnout rate goes up by 15%.

“Leadership is not a one-way street. It’s a relationship in which both sides need to feel understood and connected. Right now, with remote work, hybrid work, and pandemic-related workplace upheaval, it can be very hard for leaders to get on the same page as their teams,” said Rasmus Hougaard, CEO of Potential Project. “Leaders need to be much more honest when evaluating their strengths and intentional about checking in with their teams. When there is a shared and accurate understanding of the relationship, both sides experience positive outcomes.”

For leaders serious about getting in sync with their teams, Potential Project found that practicing mindfulness is a great way to help leaders spend less time acting and more time being fully present with their teams. When leaders are mindfully present in a situation, their best traits shine through and the connectedness with their team multiplies. Leaders who are most in sync with their teams are 1.6 times more likely to practice mindfulness on a regular basis.

About Potential Project and Rasmus Hougaard

Potential Project is a global research, leadership development, and consulting firm that partners with organizations to uncover the power of the mind — how it is wired and how to rewire it for new behaviors and different outcomes. Potential Project is present in 28 countries with a network of 200 consultants and facilitators and serves hundreds of forward-thinking companies like Accenture, IKEA, Unilever, Cisco, LEGO, and Microsoft.

Rasmus Hougaard is the co-author of Compassionate Leadership: How to Do Hard Things in a Human Way, an upcoming book co-authored with Potential Project’s North American Director Jacqueline Carter. The book provides proprietary research and case studies exploring how leaders can build their own capacity for wisdom and compassion to boost their companies’ productivity and morale. The book — published by the Harvard Business Review — is now available for pre-order ahead of its launch on Jan. 18, 2022.

For more information on Potential Project, visit our website or follow us on LinkedIn.

Contact: Paula Kelley, Global Marketing Director: paula.kelley@potentialproject.com

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Image 1: The Human Leader: Second Edition

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• The Human Leader: Second Edition

• 70% of emissions reduction are achievable with existing, proven and competitive technologies¹
• Swire Properties, IBM, Jacobs, IHG Hotels, and Tata Power share benefits of digital innovation
• Artificial intelligence, machine learning, blockchain, and 3-D modeling are key to supporting existing transformations as viable solutions to overcome climate challenges

Rueil-Malmaison (France), January 5^th, 2021 – Schneider Electric, the global leader in the digital transformation of energy management and automation, today released a new report analyzing the essential role that digital innovation can play in advancing sustainability and efficiency.

Created in partnership with CNBC Catalyst, Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation outlines how companies and institutions leverage digital technology to reduce greenhouse gas (GHG) emissions, transition to renewable energy, and build more transparent supply chains.

Notable insights in the report include:

• How IBM deploys AI and blockchain-based solutions to build a more transparent and low-carbon supply chain.
• Intelligent lighting, rainwater collection and energy derived from cooking oil reduce 19% of GHG emission across Swire Properties’ portfolio.
• Engineering firm Jacobs helps the city of London analyze billions of data points to model a transport system with 80% of trips using zero-carbon modes.
• How Tata Power’s rooftop solar monitoring and management system helps customers in over 90 Indian cities produce the equivalent of 258 barrels of oil through renewable energy.

The commitments made during the November UN COP26 climate change meeting will reshape the agenda for global business. An expected acceleration of activity to address climate points toward net-zero emissions as an organizing principle for business. The scale of the climate emergency requires organizations in every industry to mobilize now to boost efficiency. Digital technology presents the straightest path to achieve the ambitious targets outlined in the COP26 agreement.

“The outcomes of COP26 underline the urgent need for businesses to take ownership of sustainability and work towards becoming more energy efficient now,” says Jean-Pascal Tricoire, Chairman and CEO of Schneider Electric. “The next decade will be the one where digital technology puts sustainability ambition into action. With 70% of emissions reduction achievable with existing, proven and competitive technologies, this report is testament to how organizations can apply the digital tools of today to help us arrive at the net-zero future the planet depends on.”

Advanced Artificial Intelligence and machine learning bolster sustainability

Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation features useful case studies from businesses and institutions, including Swire Properties, Equinix, IBM, IHG Hotels & Resorts, Jacobs, Singapore Management University, Tata Power, and the University of Oxford. It illustrates how these organizations have broken ground on digital efficiency, with key stakeholders relaying their digital sustainability experience.

By integrating human and machine intelligence, the companies featured have capitalized on the ability of algorithms and high-powered computing to create change in essential areas such as energy use, city design, resource consumption, supply chain efficiency, and power generation.

Businesses view digital solutions as crucial in balancing environmental and societal responsibilities

Increased expectations to achieve tangible sustainability gains has raised the bar for businesses. With COP26 emphasizing the need for governments and businesses to be held accountable, progressive companies are fast recognizing that a more sustainable future is crucial to ensuring the long-term viability of their business.

For example, Swire Properties embarked on a long-term decarbonization trajectory focused on reducing the intensity of GHG emissions within its portfolio. Achieving this entailed investment in digitally efficient measurement tools and a partnership with Schneider Electric to model the energy efficiency of its buildings, resulting in a 19% GHG reduction across their portfolio.

Companies stand to gain by viewing sustainability and digitalization as connected transformations

Digital technology investments can create significant business value when deployed with the right partner to drive momentum. With the pandemic confirming the importance of digitization for business continuity, the need for a robust, energy-efficient future has never been more apparent.

This is also signified by companies such as IHG Hotels & Resorts, who supports its franchise partners around the globe to measure and manage their environmental impact using an innovative online platform. Going a step further, the company now has two hotels making strides to decarbonize, with a clear roadmap helping them navigate toward net-zero based on modeling and carbon impact assessments.

Ranked the world’s most sustainable corporation by media and research organization Corporate Knights in 2021, Schneider Electric has played a leading role in developing energy-efficient digital solutions for its customers, including the case studies described in this report. Connected, open and digital technology creates business advantages and provides tangible gains in efficiency and business resilience. This helps customers jointly address their twin mandates to deliver for the environment and shareholders.

Schneider’s top thought leadership content, including reports like Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation, can be found on the newly launched Schneider Electric Insights website.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com
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Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights

Hashtags:  #LifeIsOn #BuildingsOfTheFuture #IndustriesOfTheFuture #SustainabilityForAll #PartnershipsOfTheFuture

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¹ Schneider Electric Sustainability Research Institute, International Energy Agency

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• Companies reduce emissions by up to 19% through digital tools, new report from Schneider Electric and CNBC shows (.pdf)