World Sustainability Leaders Chosen for SAM's Yearly Award

Lars Rebien Srensen, CEO of Novo Nordisk, of Denmark, and Bob Welsh, CEO of VicSuper of Australia have been honored with this year’s SAM/SPG Sustainability Award. This year’s Leader Award went to Lars Rebien Srensen, Chairman and CEO of Novo Nordisk. Based in Denmark, this international pharmaceutical and biotechnology company employs 21,000 people worldwide and generates annual sales of CHF 6 billion. Since 1999 Novo Nordisk has managed to increase its earnings per share by more than 21% p.a. For over 10 years, Novo Nordisk has concerned itself with corporate social responsibility and sustainability, in particular listening to the opinions of different lobby groups. As a world leader in diabetes care, Novo Nordisk understands the challenges facing healthcare companies that are involved in treating chronic diseases which are very much in the global spotlight. Through concrete partnerships and fair pricing models in the world’s poorest 49 countries, Novo Nordisk has successfully contributed to sustainable diabetes healthcare. Bob Welsh received the Pioneer Award for integrating sustainability principles into all the asset classes of the pension fund VicSuper. The public pension fund of the state of Victoria has around 200,000 members and manages assets worth CHF 3.3 billion. In Australia – the […]

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Ballard Receives 2nd Supply Contract for Fuel Cell Lift Trucks

Ballard Power Systems Inc. (TSX:BLD; NASDAQ:BLDP) has received a supply contract from General Hydrogen for more than 100 fuel cells for lift truck market. The Mark9 SSL(TM) fuel cells range in power output from 4.8 kilowatts to 21.1 kilowatts, and will be integrated into General Hydrogen’s power units, currently available for early commercial sales in the lift truck market. Ballard expects to begin unit deliveries in the fourth quarter of 2005. The Supply Agreement runs through the fourth quarter of 2006. “Our Mark9 SSL(TM) fuel cells are attracting a great deal of interest from potential customers worldwide. The flexibility of our Mk 902 fuel cell platform, which was developed for automotive applications, provides systems integrators like General Hydrogen with a high-value, cost-effective alternative to the conventional technologies being used in fork lift applications today,” said Noordin Nanji, Ballard’s Vice President, Marketing & Business Development. “We are now into commercial sales and this agreement with Ballard provides a solid foundation going forward, as we have secured a source of product that will allow us to be extremely competitive in the Class 1 forklift truck market,” said Frank Trotter, General Hydrogen’s President and CEO. “The lift truck market for battery replacement technology […]

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Cree to Open Subsidiary Headquarters in Hong Kong

Cree, Inc. (Nasdaq: CREE) announced that Cree Asia-Pacific Limited will open its new headquarters at the Hong Kong Science Technology Park on September 12. The subsidiary was formed to increase Crees’ presence in Asia. “Cree has focused significant sales efforts during the past several years toward the large and dramatically growing LED community in Asia. Cree Asia- Pacific is now investing in a new headquarters facility and expert personnel to deepen Cree’s commitment to its Asian customers,” notes Mike Dunn, managing director of Cree Asia-Pacific and a Cree vice president. Website: http://www.cree.com     

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Greenshift Forms Landfill Recycling Company

Greenshift Corp. (GSHF.OB) has formed a start-up company, Tornado Trash Corp., to convert technologies to divert waste from landfills. Greenshift plans to take Tornado public in the fourth quarter. The company’s processes will convert trash into commodities such as metals, chemicals, plastics, fuel and energy. Tornado Trash to acquire its first site this year, co-located at a small municipal solid waste landfill in the eastern United States. “While the technology has demonstrated an environmentally friendly and cost-effective method to eliminate the need for additional landfill sites, our ultimate objective is to scale the technology for residential and commercial applications,” said Kevin Kreisler, chairman and CEO of Greenshift. “We essentially eliminate the need for water, sewage and trash removal infrastructures.”

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