Month: May 2023

BONN, Germany and BELLEVUE, Wash., May 23, 2023 /3BL Media/ – Winner, winner! T-Mobile US (NASDAQ: TMUS) and Deutsche Telekom’s research and development unit announced the latest T Challenge winners at a ceremony in Bonn, Germany. T Challenge, the six-month long global competition driving innovation in Web3 development with 5G comes to a close with the event honoring six companies and their solutions, which demonstrate the powerful potential to reshape how people engage with the internet. The winners are splitting over half a million U.S. dollars and will have the opportunity to further develop and implement their technologies alongside T-Mobile US and Deutsche Telekom in the U.S. and Europe.

“This year’s winners are incredible examples of how 5G goes beyond smartphones,” said John Saw, EVP and Chief Technology Officer, T-Mobile US. “With 5G and Web3, users will have more control over their personal data on the internet than ever before – no matter what device they are using.”

“The solutions subsumed under Web3 have a significant impact on the everyday lives of people around the world. Web3 technologies must keep the well-being of its users in mind, which is why we launched this year’s T Challenge,” said Claudia Nemat, Board Member for Technology and Innovation at Deutsche Telekom. “With the hundreds of applications we received from over 50 countries, this competition and its winners show how important it is to promote a human-centric internet through Web3 development.”

Check out the winners:

Best Research and Concept: Perfect-iD (Germany)Best Innovation: Shoelace Wireless (United States)Best Solution: UBIRCH (Germany)Most Sustainable Solution: twinu (Germany)Most Customer-Centric Solution: Datapods (Germany)Most Engaging Presentation: Naoris Protocol (Portugal)

For more on the T Challenge winners, visit telekom-challenge.com.

T-Mobile US is the leader in 5G, delivering America’s largest, fastest and most awarded 5G network. The Un-carrier’s 5G network covers 326 million people across 2 million square miles — more than AT&T and Verizon combined. 275 million people in America are covered by T-Mobile’s super-fast Ultra Capacity 5G, and the Un-carrier plans to reach 300 million people with Ultra Capacity this year — nearly everyone in the country.

For more information on T-Mobile’s network, visit T-Mobile.com/coverage.

Follow T-Mobile’s Official Twitter Newsroom @TMobileNews to stay up to date with the latest company news.

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About Deutsche Telekom: Deutsche Telekom at a glance

About T-Mobile US, Inc. 

T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: https://www.t-mobile.com. 

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The pace and scale of our response to the climate crisis is mission-critical, as underscored by the most recent call to action by leading climate scientists. Climate action can and must become a powerful unifier on the international stage. But this requires governments, businesses and investors to forge new partnerships and agreements collaboratively, invest intentionally in testing innovative approaches in order to drive finance towards activities that deliver the highest level of emission reductions possible.

IETA estimates that carbon markets could halve the costs of countries reaching their emissions reductions targets by 2030. The new carbon market under Article 6 of the Paris Agreement has a central role to play here.

Article 6 is a clause in the Paris Agreement that sets the rules for international cooperation between countries to meet their emission reduction targets. Following the approval of this rulebook at COP26 in Glasgow, the Thai and Swiss governments have come together to authorise the first Article 6 programme in Asia: the Bangkok E-Bus Programme.

This trailblazing programme is one of the first under Article 6 and will introduce around 2,000 electric buses (e-buses) in the Bangkok Metropolitan Area – a move that will help avoid around 500,000 tonnes of CO2 by 2030 and significantly improve air quality in a congested megacity like Bangkok. It provides, in effect, a blueprint for what the effective implementation of Article 6 could look like both for countries and the global climate, and it highlights the benefits of international cooperation between governments and the private sector.

The potential of Article 6

The authorisation of the Bangkok E-Bus Programme is the latest step forward following the signature of the cooperation agreement by the Ministers of Environment of both Thailand and Switzerland in June 2022. It represents the culmination of years of work from both Thai and Swiss governments, KliK Foundation, Energy Absolute, and South Pole – a true example of the transformational capacity of carbon markets to bring together a full ecosystem of partners and reduce carbon emissions cost-effectively.

Central to this agreement are Internationally Transferred Mitigation Outcomes, or ITMOs. ITMOs are the units of trade or international carbon credits under Article 6. Article 6 provides a framework whereby one country (Thailand, in this example) which requires financing for climate solutions is able to credibly and transparently cooperate with another country (here, Switzerland) which is seeking to achieve more cost-effective emission reductions.

Internationally Transferred Mitigation Outcomes (ITMOs) facilitate credible and transparent climate cooperation between governments and the private sector.

The transformational potential of this new mechanism is hard to overstate. In some parts of the world, financing emission reductions is more expensive than in others. Under Article 6, countries can enter into an agreement and finance emission reductions in other countries where the same amount of finance is able to achieve greater emission reductions. The bottom line is that, for countries acquiring ITMOs, more carbon emissions are reduced or captured compared to the reductions that would be achieved domestically with the same investment. For countries transferring ITMOs, new low-carbon solutions receive financing they would otherwise not have been able to access. In turn, these financed solutions provide invaluable benefits to the ‘host country’, well beyond carbon. In Thailand’s case, the new low-carbon transport infrastructure and cleaner air will improve quality of life and the quality of public transport for Bangkok residents who experience unhealthy levels of air pollution.

Transforming the Thai e-mobility sector

The Thai-Swiss bilateral agreement shows Article 6 in action. Alongside regulation and investment in domestic emission reductions, Switzerland has signalled its intention to make use of Article 6 more broadly.

On the other side of the world, Thailand is working hard to decarbonise its transport sector by promoting electric vehicles to displace petrol and diesel vehicles. In coming together under Article 6, Thailand and Switzerland are forging partnerships in both countries, among government agencies and in the private sector to unlock the benefits of low-carbon transport in Bangkok.

This creates a carbon emissions trading arrangement whereby KliK Foundation in Switzerland will purchase the carbon reductions generated by Energy Absolute in Thailand from the Bangkok E-Bus Programme. In agreeing to relinquish use of the emission reductions towards its national emission reduction targets (Nationally Determined Contributions, or Thailand’s climate commitments to the UN) as per Article 6 rules, the Thai government can unlock significant climate finance in order to replace around 2,000 diesel buses with e-buses, finance a city-wide network of electric charging infrastructure, and encourage passengers to shift their mode of transportation from private vehicles to e-buses. Together, these actions offer important building blocks to realise the vision of a low-carbon city.

It’s a win-win. Switzerland is able to finance emissions reductions more cost-effectively than it would be able to domestically. And Thailand is able to attract finance to transform its e-mobility sector – all the while improving its ambient air quality, protecting public health and improving the daily lives of Bangkok residents.

Ensuring environmental integrity

To avoid the risk of double counting, Article 6 established a mechanism known as a “corresponding adjustment”. This means, in the Thai-Swiss agreement example, that the ITMOs transferred from Thailand to Switzerland go towards reducing Switzerland’s emissions balance and help to meet Switzerland’s emission reduction target under the Paris Agreement. Thailand, correspondingly, has to increase its emissions balance by the same quantity, thereby avoiding double counting.

There is a need to ensure additionality, i.e. that the Bangkok E-Bus Programme could not have been implemented without the revenue from ITMOs. The definition of this, plus the definition of the baseline scenario, are a critical premise which needed thorough consideration and robust justification.

Emerging carbon markets

Thailand looks set to benefit from a very active and effective carbon market. South Pole is honoured to have played a part, alongside our partners, in creating the conditions for this trailblazing cooperation and laying the groundwork for significant emission reductions. South Pole’s role has been to work hand in glove with all of the partners to drive the shared goal of catalysing cooperation and demonstrating what is possible under Article 6.

From the beginning of this programme, South Pole has worked with the two governments to enhance their readiness to participate in international carbon markets. While doing so, we co-initiated the Bangkok E-Bus Programme, provided technical support for its design while ensuring its alignment with the overarching Thai and Swiss regulatory frameworks. The mitigation outcomes from the Bangkok E-Bus Programme will be measured in accordance with the approved Mitigation Activity Design Document, whose baseline and monitoring methodologies are based on the Thailand Voluntary Emission Reduction Program, and this will then generate the domestic T-VER carbon credits.

Once this alignment was reached, we facilitated the mitigation activity registration and authorisation processes. These include support with the validation process and developing the project documents and other necessary documentation as per Thai and Swiss procedures.

A breakthrough agreement and blueprint for scaling emission reductions

Article 6 looks set to play a crucial role in reducing global emissions: the Bangkok E-Bus Programme demonstrates what is possible. Climate action like this can become a powerful unifier, forging new bilateral agreements between governments and effectively mobilising the private sector to deploy low-carbon technology at the pace and scale required. South Pole is supporting a number of governments and clients who are gearing up for similar Article 6 transactions, notably for an energy efficiency fund to generate ITMOs in Morocco. As the race to net zero picks up pace, we’re focused on ensuring the success of this new carbon market and spurring on more agreements, collaboration, and real world impact under Article 6.

Confirms progress in mission to lead the future of more sustainable snackingReaffirms accelerated focus to provide transparent and measurable information for stakeholders on goals, policies, initiatives and programs through credible reportingContinues to create long-term value for business through ongoing investments in sustainability priorities

CHICAGO, May 23, 2023 /3BL Media/ – Mondelēz International, Inc. (Nasdaq: MDLZ) published its Fiscal Year 2022 Snacking Made Right Report, advancing progress against its Environmental, Social, and Governance (ESG) priorities and delivering on the company’s mission to lead the future of snacking.

The report is part of the company’s wider goal to provide transparent, measurable information to its stakeholders on its ESG goals, policies, initiatives and programs, while seeking to amplify and accelerate the company’s sustainability vision of helping to create a future where together people and the planet thrive.

Last year, the company elevated sustainability as the fourth pillar of its long term growth strategy. This report illustrates Mondelēz International’s achievements thus far in building a more sustainable snacking company that will help to enable innovation and accelerated long-term growth, grounded in the best interests of its stakeholders.

“As we continue confidently into our second decade as a responsible, high-growth, pure-play global snacking company, we are prioritizing key areas of Snacking Made Right so we can drive innovative, more sustainable growth the right way for people and the planet,” said Dirk Van de Put, Chairman and CEO of Mondelēz International. “I am proud that at Mondelēz International we are making progress toward achieving our vision at a time of considerable change and challenges. We are demonstrating our clear commitment to leading the future of snacking.”

This year’s Snacking Made Right report illustrates the company’s progress toward its 2025 goals, including sourcing more sustainable ingredients, helping reduce climate change, improving packaging, advancing diversity, equity and inclusion (DE&I) initiatives, and supporting customers, colleagues and communities.

In the past year, the company made considerable headway towards its 2025 goals, including:

Focusing on more sustainable sourcing of key ingredients, lowering climate impact, respecting human rights and increasing packaging design for recyclability.Building our pool of deep and diverse talent, making strong progress in our global DEI ambitions for colleagues, culture and communities.Evolving our portfolio as we strive to meet a range of consumer nutrition and well-being choices, while promoting mindful portions and active lifestyles.

During 2022, Mondelēz International continued leading in helping to make cocoa right through Cocoa Life – our signature global cocoa sustainability program, with over 230,000 farmers participating as of end of 2022. The company also announced the next phase of Cocoa Life, backed by an additional $600 million through 2030, for a total of $1 billion investment since the start of the program, to increase its cocoa volume scale, aim to work with nearly 300,000 farmers by 2030, and accelerate its impact.

“At Mondelēz International, we are wholeheartedly committed to going further and faster in terms of sustainable growth and impact,” said Christine Montenegro McGrath, Senior Vice President and Chief Global Impact and Sustainability Officer at Mondelēz International. “Building on our 2025 public goals, we have bold and targeted long-term ambitions which help us focus, accelerate and scale our efforts, and we are also putting a longer-term focus on working toward our 2050 goals of net zero carbon and packaging waste by supporting circular economies.”

About Mondelēz International 
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2022 net revenues of approximately $31 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate’s Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.