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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSustainability has been superseded by other issues at Davos 2024, says Philips chairFeike Sijbesma, chair of Philips and former DSM CEO, discusses the global climate agenda and government regulation.
Persons: Philips, Feike Sijbesma Organizations: Sustainability, Philips, DSM Locations: Davos
[1/2] Philips Healthcare headquarters is seen in Best, Netherlands August 30, 2018. The group combines two of the three sectors Exor targets in its investment strategy: healthcare and technology. While not an activist investor, Exor aims to play an active role in supporting Philips' strategy, the source said. "Exor's substantial investment underlines their confidence in Philips' transformation into a healthcare technology company and its growth and value potential," Philips Chairman Feike Sijbesma said in a statement. Philips last month reported core profit of 453 million euros and slightly upgraded financial targets for the full year.
Persons: de, Exor, Italy's Agnelli, Philips, Feike Sijbesma, John Elkann, Lifenet, Louboutin, Roy Jakobs, Valentina Za, Kim Coghill, David Goodman, Susan Fenton Organizations: Philips Healthcare, REUTERS, Philips, Philips AMSTERDAM, Exor, Institut, Ferrari, Italian soccer, Juventus, ING, U.S . Department of Justice, Thomson Locations: , Netherlands, Exor, Louboutin . New York, Italian, Milan
WASHINGTON, July 10 (Reuters) - The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender's president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. Banga announced the initiative at a global finance summit in Paris last month alongside Mark Carney, the U.N. special envoy on climate action, and Shriti Vadera, chair of Prudential Plc (PRU.L). The World Bank and the CEOs will work "to develop, test, implement and ultimately scale financing structures that can most effectively mobilize private capital," Carney said in a statement. He said in a statement that the Private Investment Lab CEOs were a "crucial piece of the puzzle" to devise ways to pull more private sector investment into the intertwined challenges of poverty, climate and fragility. Reporting by David Lawder; Editing by Will Dunham and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Ajay Banga, Joe Biden, King Charles . Banga, Mark Carney, Shriti Vadera, Carney, Thomas Buberl, Larry Fink, BlackRock, Noel Quinn, Hendrik du Toit, Jessica Tan, Sim Tshabalala, Bill Winters, Dilhan, Mark Gallogly, Banga, David Lawder, Will Dunham, David Gregorio Our Organizations: Bank, Investment, U.S, Prudential Plc, World Bank, AXA, HSBC, Shemara, Mitsubishi UFJ Financial, Ping An, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy, Tata Sons, Temasek, Cairns, Mastercard, Private Investment, Thomson Locations: Britain, Paris, Macquarie, Banga
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies are stepping up on climate action, says DSM's Feike SijbesmaFeike Sijbesma, DSM's honorary chairman, discusses the top themes for executives and policymakers at the World Economic Forum in Davos, Switzerland.
Biotech startup Cradle just raised $5.4 million from Index Ventures and Kindred Capital. Check out the 16-slide deck Cradle used to raise the fresh funds. Inside that factory are proteins, which behave like machines," said cofounder Stef van Grieken. Amid a shaky economic downturn, van Grieken found that having a strong founding team — including Uber's first employee and a host of experienced biologists — helped with the fundraise. Investor appetite for generative AI and biotech has also remained stable, which was a boon, van Grieken added.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email80% of climate measures will have to come from private sector, DSM's honorary chairmanFeike Sijbesma, Royal DSM's honorary chairman, told CNBC's Dan Murphy at COP27 that 80% of climate measures will have to come from the private sector.
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