Daily Archives: May 2, 2020

Shanghai Electric’s Annual Corporate Social Responsibility Report Highlights 2019 Milestones

SHANGHAI, May 2, 2020 /PRNewswire/ — Shanghai Electric (SEHK: 02727, SSE: 601727), the world’s leading manufacturer and supplier of power generation and industrial equipment, released its 2019 Corporate Social Responsibility Report highlighting its commitment to corporate social responsibility and key  advancements in 2019. The company’s CSR strategies are designed not only to minimize the potential unfavorable impact of its products and operations, but also to activate the brand’s purpose “Empower global industry, Make life smarter.”

Shanghai Electric Logo

“It is a remarkable year for Shanghai Electric as the company has made major technological breakthroughs in many fields such as gas turbines, nuclear main pumps, high-efficiency clean coal power, offshore wind power, 3D printing, and flow batteries,” said Shanghai Electric’s Chairman and CEO Zheng Jianhua, “Our employees are always the primary driving force behind this and it is vital for us to strengthen the bond with our employees worldwide through effective reforms in profit sharing mechanism and human-centered management.”

Innovation in profit sharing mechanisms
To attract and retain talents, Shanghai Electric has adopted an equity incentive plan since May 2019. This consists of A-share restricted stock units, which have functioned as a supply-side stimulus to economic growth that benefits both employers and workers. Through the Plan, 2194 Shanghai Electric staff would receive performance incentives of a total of 134 million restricted stock units in the hope of reinforcing team effort and commitment.

Digital Transformation
Shanghai Electric has launched its Industrial Internet ” SEunicloud Platform” to push the boundaries of minds and machines. The platform represents a significant step in the company’s digital transformation. The emerging business units of Shanghai Electric, including storage batteries and intelligent manufacturing, have also scaled up by 30% through leveraging mergers and acquisitions, joint ventures, venture capital and increased R&D investment.

EHS practice
Aiming at protecting the safety of employees, Shanghai Electric has established a health and safety management system that benchmarks a variety of global occupational health and safety regulations. Eighty percent of the affiliated companies of Shanghai Electric had been certified with the Occupational Health and Safety Management Systems (OHSAS18001) by the end of 2019.

The Environmental Protection Committees have also been assembled in various regional markets worldwide to enhance the execution of the Environment Health Safety (EHS) guidance. They facilitate the company’s ability to respond swiftly to risks such as the outbreak of coronavirus (EHS practice in Dubai 700 MW CSP + 250MW PV Hybrid project concentrated solar power plant). They have resulted in a proven record of success: fatal accidents and serious injuries rate in construction sites remain at zero throughout the previous year.

Stronger Community
With the “Employee Home” established in seven International engineering project sites outside China, Shanghai Electric has provided a communal arena for employees from distinctive cultural backgrounds to communicate, socialize and entertain. It has also strengthened the bond between the company and the local residents as a multi-functional international community space.

Green & Environmental Protection
Shanghai Electric has implemented the “SEC-LOVE” system within the company to ensure all departments are aligned with an eco-friendly position. So far, 80% of the affiliated companies of Shanghai Electric had been certified with the ISO14001 Environmental Management System (EMS). Projects such as the Nantong waste incineration power project in Jiangsu, the Dongtai wind power station-in Jiangsu and the photovoltaic power station in Anhui Huaibei demonstrate the company’s firm belief in the future of clean energy.

Social Responsibility
In November 2019, Shanghai Electric donated teaching materials to the Managile Elementary School in Zubaidiya Town, Wassit Province. This represented another milestone in the company’s progress toward being an active and enthusiastic force in development efforts that help the local community. At the end of 2019, Shanghai Electric’s overseas business have employed over 4200 local workers worldwide.

Following the pandemic outbreaks in January, Shanghai Electric has donated surgical masks to Fuji Electric Japan, the Wassit Thermal Power Plant in Iraq and the Thar Block-1 Integrated Coal Mine-Power Project, among others.

About Shanghai Electric
Shanghai Electric Group Company Limited (SEHK: 02727, SSE: 601727) is principally engaged in the designing, manufacturing and sale of power equipment and industrial equipment. It focuses on Energy Equipment Business including manufacturing and sale of coal-fired power generation equipment, gas-fired power generation equipment, nuclear power equipment, wind power equipment, energy storage equipment, high-end chemical equipment, power grid and industrial intelligent power supply system solutions,

Industrial Equipment Business including production and sale of elevators, medium and large-sized electric motors, intelligent manufacturing equipment, industrial basic parts, environmental protection equipment, construction industrialization equipment and the Integrated Services Business including energy, environmental protection and automation engineering and services, industrial internet services, financial services, international trade services, high-end property services and etc.

Related Links
www.shanghai-electric.com

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UAE leadership congratulate citizens, residents on breakthrough COVID-19 treatment

ABU DHABI, President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today congratulated the citizens and residents of the UAE on the breakthrough made by a team of doctors and researchers at the Abu Dhabi Stem Cell Center, ADSCC, in developing a promising treatment for COVID-19 infections using stem cells.

Their Highnesses thanked, on behalf of the people of the UAE, the team of doctors, researchers and support staff at ADSCC for their efforts in making this scientific breakthrough which, they said, will add to the global efforts to contain the spread of COVID-19 and to ensure the health and safety of the people of the world.

They emphasised that people’s health and safety are given top priority in the UAE’s plans and strategies and that the country will continue to enhance its proactive measures and initiatives to ensure safety of its citizens, residents and visitors.

Their Highnesses also underlined the early precautionary and preventive measures taken by the UAE since the beginning of the coronavirus crisis.

They praised the efforts of all sectors and entities and their staff for performing their duties at the highest possible level of efficiency, responsibility and professionalism in these critical times. They paid special tribute to the front-line heroes of healthcare professionals, including nurses, doctors, and paramedics.

Source: Emirates News Agency

‘DED Trader’ licence sees strong interest with online business and e-commerce growing

DUBAI, With online shopping and e-commerce scoring high for convenience and safety, the “DED Trader” licence of Dubai Economy is attracting increased interest from start-ups in Dubai.

Pioneered by the Business Registration and Licensing, BRL, sector in Dubai Economy in 2017 to enable business activities online and across social networking accounts, “DED Trader” licences were issued to 943 new businesses during the first three months of 2020, an increase of 179 percent over the same period last year. With online shopping gaining fresh momentum in the UAE, 102 licences were issued to date in April 2020, and the total number of DED Traders now stands at 5,353.

“DED Trader” has proactively supported the growth of e-commerce in the UAE and encouraged a growing number of consumers to shop online. It is also enabling businesses to address challenges during the prevailing nationwide alert against COVID-19 with an easily accessible window regulated by Dubai Economy to set up and drive online enterprises. Additionally, it enables business continuity and sustainability during COVID-19.

“DED Trader” has also created new opportunities with several innovative activities and emerging sectors now facilitated by the licence, providing an authentic channel for ambitious start-ups and young people to test new products and services. The “Information Technology” group, which includes 17 activities, topped the list of groups in the licences issued between January and March 2020, followed by “Fashion” (33 activities), “Other Personal and Trading Services” (13), “Event Organisers” (8), and “Preparation of Food” (7).

Altogether, the licence is issued to 87 activity groups. The number of permitted activities in a single licence is 10, provided they are consistent within the same activity category. “Lifestyle Coaching” tops the list of activities licensed since the launch of “DED Trader”, followed by “Marketing Services Via Social Media”, “Project Management Services”, “Marketing Management”, and “Portals”.

“DED Trader” has also gained tremendous interest among women entrepreneurs: 60 percent of the licences issued till date is to women entrepreneurs, underlining its role in enabling them to leverage innovative channels to successfully launch their business projects.

Issued electronically in line with its emphasis on ease of business and convenience, “DED Trader” has continued to witness rising demand every quarter since its launch with 41 licences issued during the first month. While the number increased from 270 to 303 between the first and last quarters of 2018, the increase during the same period in 2019 was from 525 to 839. The last quarter of 2019 saw a 276 percent increase in licences issued compared to the same period in the previous year.

Source: Emirates News Agency

Abu Dhabi Airports collaborates with UAE industry to develop and deploy new UAE made robotic technology to reinstate COVID- free environment

ABU DHABI, Abu Dhabi Airports has partnered with Tawazun Strategic Development Fund, TSDF, to launch the new CoDi BOT UGV, Unmanned Ground Vehicle, designed and manufactured by UAE-based company Marakeb Technologies, an affiliate company of TSDF, for the disinfection of viruses including COVID-19.

The introduction of new state-of-the-art technology is the latest measure introduced by Abu Dhabi Airports to contain the spread of COVID-19, and aligns with the directives of Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Chairman of Abu Dhabi Airports.

This collaboration is part of a broader initiative by Abu Dhabi Airports to integrate the most advanced technologies within its operations, to achieve a high level of efficiency, and provide the best services to its travellers.

The CoDi BOT UGV will be piloted from May throughout Abu Dhabi International Airport, including in staff areas and cargo facilities, as well as being used as part of cabin deserialization processes on passenger aircraft.

Specifically ensuring aircraft cabins are kept clean and sterile, the CoDi BOT UGV is designed to be able to manoeuvre through airplane cabin, which is a unique feature of this product, while ensuring the safety of its operators through remote control capability, using real-time video and high-speed 4G data connection.

The introduction of the robot helps operational teams carry out safer missions during the sterilisation of aircraft while parked at Abu Dhabi International Airport (AUH), eliminating the risk of human exposure and self-contamination. The robot’s versatility also enables the disinfection of spaces within the airport terminals, reinforcing public safety against COVID-19 and any future virus outbreaks.

The UGVs will be operated in conjunction with the extensive range of preventative measures implemented at Abu Dhabi International Airport in response to COVID-19. Measures include thermal screening, nasal swabbing, and polymerase chain reaction (PCR) testing, in line with the recommendations by the Ministry of Health and Prevention (MoHAP).

The BOT has three central functions: 1. Targeting of virus strains on surfaces with controlled bursts of germicidal UV rays 2. Screening of individual through thermal infrared monitoring 3. Disinfection of areas using liquid cleaning agents CEO of Abu Dhabi Airports, Shareef Hashim Al Hashmi, commented: “Introducing CoDi BOT UGV at Abu Dhabi International Airport reflects our commitment to adopting innovative technology, which can bolster the protection of our passengers and frontline staff against viruses. The acute impact of the pandemic would have heightened our overall sense of awareness toward hygiene, and as vital piece of public infrastructure, we have a clear responsibility to ensure our spaces remain clear of any virus threat. By deploying artificial intelligence, it adds another layer of protection and builds on our comprehensive response to the COVID-19 outbreak.

“Working in close collaboration with Marakeb Technologies and Tawazun Strategic Development Fund, collectively we can reassure passengers and our frontline staff that we are taking every precautionary measure to ensure their safety against any virus threat now and in future,” Al Hashmi added.

Abdulla Nasser Al Jaabari, the Head of Tawazun Strategic Development Fund and Chairman of Marakeb Technologies, commented, “we are pleased to support Abu Dhabi Airports’ advanced vision. This collaboration stems out from our commitment to enable and invest in promising national SME’s such as Marakeb. We are proud to have the opportunity for Marakeb Technologies to display its capabilities to provide advanced solution through technologies towards effort to fight COVID19.”

Source: Emirates News Agency