SourceWire: Business and Finance

SourceWire: Business and Finance https://pressreleases.responsesource.com Wed, 14 Jun 2023 14:36:33 +0100 hello@responsesource.com (ResponseSource Press Release Wire) support@responsesource.com Copyright2023 ResponseSource Ltd. https://static.responsesource.com/favicon.ico <![CDATA[ResponseSource Press Release Wire: Business and Finance]]> https://pressreleases.responsesource.com Zend Framework Zend_Feed en-us http://blogs.law.harvard.edu/tech/rss 60 https://www.responsesource.com/news/104158/veritone-closes-acquisition-of-broadbean/ <![CDATA[Veritone Closes Acquisition of Broadbean]]> https://feeds.feedblitz.com/~/746208509/0/sourcewirebusinessandfinance~Veritone-Closes-Acquisition-of-Broadbean/ https://www.responsesource.com/news/104158/veritone-closes-acquisition-of-broadbean/

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Veritone HR Solutions delivers powerful suite of AI-enabled recruitment solutions to enhance operational efficiency, automation and data-driven hiring decisions for employers

DENVER –– June 14, 2023 –– Veritone, Inc. (NASDAQ: VERI) (“Veritone” or the “Company”), a leader in enterprise AI software and services, today announced it has closed the acquisition of Broadbean, a global leader of software as a service (SaaS) technology that makes talent acquisition and engagement more efficient, from CareerBuilder.

The close of the acquisition is expected to significantly strengthen Veritone's AI-driven human resources solutions suite, building on the Company’s previous acquisition of PandoLogic. With Broadbean’s distribution software, extensive network and robust data set integrated with Veritone’s programmatic and conversational AI technology, Veritone HR Solutions will deliver the benefits of advanced recruitment marketing technologies to customers worldwide. Integrating programmatic capabilities into Broadbean’s distribution platform will allow employers of all sizes to benefit from job distribution at the individual job level, save time on posting their jobs to individual publishers and pilot these capabilities on a smaller scale.

Total consideration paid was $52 million in cash on a cash and debt-free basis, subject to certain adjustments in the purchase agreement. Before synergies, the acquisition is expected to be immediately additive to Veritone’s operations and, on a standalone basis, is expected to generate SaaS and GAAP revenues of over $35 million on an annualized basis, of which approximately $30 million is subscription-based with attractive margins.

“The Broadbean acquisition accelerates Veritone’s mission to disrupt and modernize attractive market verticals -- including the global talent acquisition and staffing technology and services market, which is forecasted to be $196 billion by 2028[1] -- by leveraging AI-based automation, optimization and intelligence at global scale,” said Ryan Steelberg, President and Chief Executive Officer of Veritone. “The lifeblood of AI is data. The combination of Broadbean’s data set of over 5 billion job advertising performance data points from its installed base of over 3,000 customers and 100 ATS partners and Veritone’s AI-enabled recruitment technology solutions, positions Veritone to further enhance recruitment insights for customers and scale AI-driven enhancements across its business.”

George LaRocque, market analyst and founder of WorkTech, commented, “This acquisition is further evidence of what we’re seeing in the market as organizations seek to leverage the possibilities of AI.”

Steelberg added, “As we take advantage of Broadbean's extensive integrations, we envision many exciting attribution and down-funnel opportunities that we will continue to investigate, invest in and ultimately bring to market.”

To learn more, visit: veritone.com/broadbean-acquisition

About Veritone Veritone (NASDAQ: VERI) is a leader in artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services, and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve problems of today and tomorrow.

To learn more, visit Veritone.com.

Safe Harbor Statement

This press release contains forward-looking statements, including without limitation, statements regarding the Broadbean acquisition, the expected benefits of the Broadbean acquisition and the impact of such developments on the Veritone’s business and results of operations. In addition, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “plan,” “should,” “could,” “estimate” or “continue” or the plural, negative or other variations thereof or comparable terminology are intended to identify forward-looking statements, and any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements speak only as of the date hereof, and are based on management’s current assumptions, beliefs and information. As such, Veritone’s actual results could differ materially and adversely from those expressed in any forward-looking statement as a result of various factors. Important factors that could cause such differences include, among other things, potential adverse reactions or changes to business or employee relationships as a result of the Broadbean acquisition; the response of competitors to the Broadbean acquisition; the ultimate difficulty, timing, cost and results of integrating the operations of Veritone and Broadbean; the effects of the business combination of Veritone and Broadbean, including the combined company’s future financial condition, results of operations, strategy and plans, which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of these judgments and risks are discussed in more detail in the Veritone’s Annual Report on Form 10-K, and other periodic reports filed with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that Veritone’s objectives or plans will be achieved. The forward-looking statements contained herein reflect Veritone’s beliefs, estimates and predictions as of the date hereof, and Veritone undertakes no obligation to revise or update the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events for any reason, except as required by law.

Company Contact: Mike Zemetra Chief Financial Officer Veritone, Inc. investors@veritone.com

IR Agency Contact: Stefan Norbom Prosek Partners 203-644-5475 snorbom@prosek.com

Media Contacts: Valerie Christopherson or Lora Metzner Global Results Comms (GRC) 949-608-0276 Veritone@globalresultspr.com

[1] Future Market Insights

]]> Wed, 14 Jun 2023 14:30:00 +0100 https://www.responsesource.com/news/104157/inogen-alliance-the-global-force-behind-business-transitions-to-a/ <![CDATA[Inogen Alliance: The Global Force Behind Business Transitions To A Sustainable Future]]> https://feeds.feedblitz.com/~/746193989/0/sourcewirebusinessandfinance~Inogen-Alliance-The-Global-Force-Behind-Business-Transitions-To-A-Sustainable-Future/ https://www.responsesource.com/news/104157/inogen-alliance-the-global-force-behind-business-transitions-to-a/

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Inogen Alliance's dedication to sustainability is deeply ingrained in its DNA, and this commitment shines through in its participation in the Vision 2045 campaign. Led by TBD Media Group, this groundbreaking initiative unites industry leaders, innovators, and visionaries to accelerate the global transition towards a sustainable and inclusive future. Inogen Alliance plays a vital role in shaping the campaign's strategies, leveraging its expertise and knowledge to develop forward-thinking solutions that address emerging EHS challenges and drive positive change on a global scale.

Inogen Alliance’s President Angelique Dickson maintains that “The Alliance’s core values (trust, respect, collaboration and integrity) are more than just words on paper-they are the foundation of what makes Inogen Alliance work”. The company’s rich history of successful projects and partnerships serves as a testament to its unwavering commitment to driving sustainable growth and collaboration. As businesses worldwide face increasingly complex EHS and ESG challenges, Inogen Alliance remains steadfast in its mission to provide innovative, effective, and reliable solutions, delivering on its promise to protect the environment, enhance workplace safety, and build a more sustainable future for generations to come.

Inogen Alliance takes pride in its track record of success and customer satisfaction. The Alliance has earned the trust of organisations worldwide by providing scalable solutions that prioritise the unique local and cultural requirements of each client and geography. Whether it's a multinational corporation or a small-scale enterprise, Inogen Alliance delivers tailored EHS and ESG services that enable businesses to achieve compliance, drive sustainability, and ensure the safety and well-being of their employees, stakeholders and communities.

To find out more about Inogen Alliance, click here
Check out the film, featuring Angelique Dickson, President of Inogen Alliance and more

Global Thinking. Local Delivery. From the 75+ independent Associate companies that make up Inogen Alliance, this campaign was co-sponsored by Anew Global Consulting, Brown & Green Environmental Services, Chola MS Risk Services, ESD Group, EnviroSolutions & Consulting, IA Partners, Pacific Risk Advisors, Peter J. Ramsay & Associates, Propharm Japan, and Tonkin + Taylor all in the Asia-Pacific Region.

About Inogen Alliance
Inogen Alliance is a global network of environment, health, safety and sustainability consulting companies working together to provide one point of contact to guide multinational organizations to meet their global commitments locally. With offices located on every continent, more than 6,000 associates worldwide, and projects completed in more than 150 countries, Inogen Alliance provides unparalleled local consulting expertise, global consistency and 20+ years of experience building a cleaner, safer and more sustainable future. Global Thinking. Local Delivery. www.inogenalliance.com

About TBD Media Group:
TBD Media Group is an international, purpose-driven media developer that helps businesses, organisations and governments tell their brand stories in a human and direct way. Learn more at https://www.tbdmediagroup.com/

Media Contact:
Supprija Sanmuganathan
Marketing Coordinator
TBD Media Group
s.sanmuganathan@tbdmediagroup.com

]]> Wed, 14 Jun 2023 13:00:00 +0100 https://www.responsesource.com/news/104156/machines-can-make-better-decisions-than-humans-but-how-do/ <![CDATA[Machines can make better decisions than humans, but how do we know when they’re actually accurate?]]> https://feeds.feedblitz.com/~/746182595/0/sourcewirebusinessandfinance~Machines-can-make-better-decisions-than-humans-but-how-do-we-know-when-they%e2%80%99re-actually-accurate/ https://www.responsesource.com/news/104156/machines-can-make-better-decisions-than-humans-but-how-do/

]]> ESMT Berlin.

This phenomenon is known as algorithm aversion, and is often attributed to an inherent mistrust in machines. However, systematically overriding an algorithm may not necessarily stem from algorithm aversion. This new research shows that the very context in which a human decision maker works can also prevent the decision maker from learning whether a machine produces better decisions.

These findings come from research by Francis de Véricourt and Huseyin Gurkan, both professors of management science at ESMT Berlin. The researchers wanted to determine under which conditions a human decision maker, supervising a machine making critical decisions, could properly assess whether the machine produces better recommendations. To do so, the researchers set up an analytical model where a human decision maker supervised a machine tasked with important decisions, such as whether to perform a biopsy on a patient. The human decision maker then made the best choice based on the information they received from the machine for each task.

The researchers found that if a human decision maker heeded the machine’s recommendation and it proved correct, the human would trust the machine more. But the human sometimes did not observe whether the machine’s recommendation was correct – this happened, for instance, when the human decision maker decided not to take follow-up actions. In this case, there was no change in trust and no lessons learned for the human decision maker. This interaction between the human’s decision and the human’s assessment of the machine creates biased learning. Hence, over time, they might not learn how to effectively use machines.

These findings clearly show that it is not always an inherent mistrust against the machines that means humans override algorithmic decisions, but over time, this biased learning can be reinforced by consistent overriding, which might result in incorrectly and ineffectively using machines in decision making.

“Often, we see a tendency for humans to override algorithms, which can be typically attributed to an intrinsic mistrust of machine-based predictions,” says Prof. de Véricourt. “This bias, however, may not be the sole reason for inappropriately and systematically overriding an algorithm. It may also be the case that we are simply not learning how to effectively use machines correctly, when our learning is based solely on the correctness of the machine’s predictions.”

These findings show that trust in a machine’s decision making ability is key to ensuring that we effectively learn how to utilise them, and that the accuracy of their usage also improves.

“Our research shows that there is clearly lack of opportunities for human decision makers to learn from a machine’s intelligence unless they account for its advice continually,” says Prof. Gurkan. “We need to adopt ways of complete learning with the machines constantly, not just selectively.”

The researchers say that these findings shed light on the importance of collaboration between humans and machines and guides us on when (and when not) to trust machines. By studying such situations, we can learn when it is best to listen to the machine and when it is better to make our own decisions. The framework set out by the researchers can help humans to better leverage machines in decision making.

The paper may be found here.

/ENDS

For more information or to speak with the researchers, please contact Kyle Grizzell from BlueSky Education on +44 (0) 1582 790709 or kyle@bluesky-pr.com

]]> Wed, 14 Jun 2023 11:30:00 +0100 https://www.responsesource.com/news/104155/vlerick-business-school-launch-metaverse-for-business-executive-programme-in/ <![CDATA[Vlerick Business School launch “Metaverse for Business” executive programme in partnership with Howest]]> https://feeds.feedblitz.com/~/746177555/0/sourcewirebusinessandfinance~Vlerick-Business-School-launch-%e2%80%9cMetaverse-for-Business%e2%80%9d-executive-programme-in-partnership-with-Howest/ https://www.responsesource.com/news/104155/vlerick-business-school-launch-metaverse-for-business-executive-programme-in/

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The programme is aimed at business leaders, entrepreneurs, and professionals from all kinds of sectors and will teach participants about the value potential and possible limitations of the metaverse – without getting into overly complex technical detail.

Participants will also experience the metaverse first-hand in Lab environments and learn as they use technologies including virtual and augmented reality and 3D modelling.

The 6-day programme will cover a range of key topics including;

How the metaverse can benefit your business, customers and employees
. Key concepts of the metaverse – and how they apply to your business
. The skillsets you’ll need to implement metaverse related initiatives
. How other businesses are getting value from the metaverse
. Creating a business case for your metaverse project

“As Web3 technology advances rapidly, the metaverse has emerged as a transformative concept that promises to revolutionise industries and redefine how businesses operate.”, says Martin Butler, Programme Director and Professor at Vlerick Business School. “The metaverse is poised to radically transform the way we digitally interact and work with the world around us, and this programme helps inform executives on the way it can benefit them.”

The partnership combines the strengths of Vlerick Business School and Howest Academy to create a unique educational offering that blends technological expertise with strategic management insights.

Vlerick will bring its wealth of managerial and business expertise to the partnership, teaching participants how the metaverse can impact strategic decision-making, business models, customer engagement, and organisational culture.

And Howest Academy, known for its pioneering work in technology-driven fields, will play a pivotal role in developing laboratory exercises that provide experiential experiences, enabling executives to explore the metaverse's technical aspects and discover its practical applications across industries.

“Helping companies and organisations with a combination of new digital technologies to innovate processes and create value can only succeed if we have the business professionals from Vlerick and technology experts from Howest working collaborating together to deliver a transformational learning experience.” Prof Kurt Callewaert, Valorisation Manager Digital Transformation, Howest

For more information, or to apply for the programme, follow this link: https://www.vlerick.com/en/programmes/metaverse-for-business...

If you would like to speak to the programme director, please contact Peter Remon at BlueSky Education – peter@bluesky-pr.com +44 (0) 77 235 228 30.

]]> Wed, 14 Jun 2023 11:00:00 +0100 https://www.responsesource.com/news/104154/men-are-more-likely-to-hide-knowledge-at-work/ <![CDATA[Men are more likely to hide knowledge at work]]> https://feeds.feedblitz.com/~/746171009/0/sourcewirebusinessandfinance~Men-are-more-likely-to-hide-knowledge-at-work/ https://www.responsesource.com/news/104154/men-are-more-likely-to-hide-knowledge-at-work/

]]> UCL Global Business School for Health (UCL GBSH).

Dr Paola Zappa, lecturer in Organisational Behaviour and HR management at UCL GBSH, and Dr Tatiana Andreeva, Associate Professor at Maynooth University School of Business, investigated the influence of gender on knowledge hiding.

Participants – UK based workers employed in a variety of industries – answered questions about their demographics, work attitudes, and knowledge hiding behaviours, focusing on three types: evasive hiding (providing incorrect or incomplete information), playing dumb (pretending not to know the answer), and rationalised hiding (admitting to concealing knowledge but sometimes with a genuine reason, e.g., privacy or confidentiality reasons).

The findings suggest men feel more entitled than women to conceal their knowledge: they hide it more often than women, specifically through rationalised hiding, while women use evasive hiding and playing dumb. Men also conceal knowledge more frequently in a female-dominated environment and are more likely to use the same methods as women, since they believe that women will sanction them less than men for this behaviour.

Although intentionally withholding knowledge from colleagues can be damaging for individuals and organisations, this behaviour may be an attempt to cope with work conflict, psychological stress, or to gain a competitive advantage over colleagues.

“Rationalised hiding does not necessarily involve deception, and leads to lower turnover intentions and higher job satisfaction. Therefore, men are likely to benefit more, as they protect their knowledge by selecting the most inconsequential or safest way to do so,” explains Dr Zappa.

For women, openly admitting to not sharing knowledge may be perceived as going against the social expectation of being caring and helpful and may lead to negative responses from colleagues. Dr Zappa continues, “By pretending not to know the answer to a colleague’s request, women might reinforce the gender stereotype of not being competent, harming their reputation within the company”.

Managers should counteract gendered stereotypes around competence and decrease social pressure on female employees to avoid rationalised hiding. This can be done by acknowledging the expertise of female employees and the value of their knowledge.

These findings were first published in Journal of Occupational and Organizational Psychology.

/ENDS

For more information, a copy of the research paper, or to speak with Dr Zappa, please contact Kyle Grizzell from BlueSky Education on +44 (0) 1582 790709 or kyle@bluesky-pr.com

]]> Wed, 14 Jun 2023 10:00:00 +0100 https://www.responsesource.com/news/104153/manufacturer-sew-eurodrive-achieved-roi-of-from-ser-s-doxis-intelligent/ <![CDATA[Manufacturer SEW-EURODRIVE achieved ROI of 336% from SER’s Doxis Intelligent Content Automation platform]]> https://feeds.feedblitz.com/~/746170514/0/sourcewirebusinessandfinance~Manufacturer-SEWEURODRIVE-achieved-ROI-of-from-SER%e2%80%99s-Doxis-Intelligent-Content-Automation-platform/ https://www.responsesource.com/news/104153/manufacturer-sew-eurodrive-achieved-roi-of-from-ser-s-doxis-intelligent/

]]> • Benefits exceeding €17 million and payback in less than 6 months

(June 14, 2023 – Bonn, Germany) Today SER reveals that, according to Forrester Consulting, global drive technology leader SEW-EURODRIVE achieved a 336% return on investment and savings totaling more than €17 million over three years by automating document management and processes with SER’s AI-powered platform, Doxis.

These findings were part of ‘The Total Economic Impact™ Of SER Doxis Intelligent Content Automation’, a commissioned study conducted by Forrester Consulting in June 2023 on behalf of SER.

Based on information provided by SEW-EURODRIVE, Forrester built a 3-year financial model that found that by deploying Doxis, the organization achieved a 336% ROI and benefited from:

• increased productivity and improved regulatory compliance through streamlined document management and collaboration,
• 90% time savings, flexibility and improved employee experience through process automation,
• better data insights and higher productivity through artificial intelligence, and
• headcount cost avoidance and reduced IT complexity due to consolidated legacy systems and automation.

SEW-EURODRIVE is a leading manufacturer of drive and automation technology. With a workforce of more than 21,000 working in 54 countries, SEW-EURODRIVE reported an annual revenue of €4.2 billion in 2022. The company has rolled out approximately 80 to 90 applications for AI-powered document management, collaboration and workflow automation. These solutions have helped SEW-EURODRIVE to overcome key challenges such as delivery downtime, regulatory compliance, manual processes and effort, collaboration across globally distributed teams, and poor data quality. Today, Doxis handles a total of 22 TB of data in nearly 313 million documents, with an annual document growth of approximately 30 million to 35 million.

“With Doxis, we are able to handle documents in a really structured way, which has a big impact on quality,” said the Group Manager of Archiving & Documenting Services of SEW-EURODRIVE when asked about the impact of Doxis on daily work. They continued: "The search in Doxis is ridiculously fast. The [platform searches] 50 to 60 years of history in our case, and the results will still pop up in milliseconds.”

Dr. John Bates, CEO of SER, comments, “We’re delighted that our long-term partnership with SEW-EURODRIVE has shown such a significant ROI in this Forrester Consulting study. At SER we strive for every customer to benefit from a ‘Return on Information’. With this independently analyzed ROI, together with Doxis receiving the highest score in the current offering category in The Forrester Wave™: Content Platforms, Q1 2023*, we’re excited to continue helping customers worldwide to modernize their information management.”

The Forrester TEI study provides decision-makers with a framework to understand the potential financial impact of Doxis on their organizations. The framework also evaluates factors such as costs, benefits, flexibility and risks to build a financial model for how SEW-EURODRIVE's deployment would translate into a three-year model for other organizations. The full TEI findings can be downloaded here.

About SER
SER is a leader and pioneer of the enterprise content management (ECM) and content services market. SER’s AI-powered Doxis Intelligent Content Automation platform and its solutions for business-critical processes connect and automate content across enterprise ecosystems. Acclaimed by market analysts, SER’s cutting-edge solutions make daily work easier for more than five million users. With over 35 years of experience, SER’s dedicated team works from 22 locations around the globe.

SERgroup Holding International GmbH
Public Relations
Joseph-Schumpeter-Allee 19
D-53227 Bonn
www.sergroup.com
press@sergroup.com

Contact
Mrs. Maureen Cueppers
Email: maureen.cueppers@sergroup.com
Phone: +49 (0) 228 90896-0

]]> Wed, 14 Jun 2023 10:00:00 +0100 https://www.responsesource.com/news/104152/remote-workers-feel-policed-by-unpredictable-managers/ <![CDATA[Remote workers feel “policed” by unpredictable managers]]> https://feeds.feedblitz.com/~/746145062/0/sourcewirebusinessandfinance~Remote-workers-feel-%e2%80%9cpoliced%e2%80%9d-by-unpredictable-managers/ https://www.responsesource.com/news/104152/remote-workers-feel-policed-by-unpredictable-managers/

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Birgit Schyns, Distinguished Professor of People and Organisations at NEOMA, co-authored a study analysing survey data on 450 employees at UK-based firms.

According to the researchers, when working from home, employees can feel that they have less autonomy and are under constant surveillance if monitored too frequently. These feelings can be exacerbated if managers’ behaviour is unpredictable, they say.

“Day-to-day monitoring leaves remote workers wondering why their managers are making such frequent demands, which may leave them questioning their own ability and putting themselves down. At the end of the day, some employees feel physically and intellectually exhausted” says Professor Schyns.

The researchers recommend managers establish clear guidelines for checking on employees’ progress. Once communicated, these guidelines must be observed, they add.

The impact of remote management is so important that the authors recommend that business leaders should also tackle the issue. This role includes providing managers with guidance about their conduct and defining appropriate benchmarks for managerial behaviour.

/ENDS

For more information, a copy of the research, or to hear from Professor Birgit Schyns, contact Jamie Hose at BlueSky Education on jamie@bluesky-pr.com, or call +44 (0)1582 790 706.

]]> Wed, 14 Jun 2023 07:30:00 +0100 https://www.responsesource.com/news/104148/sustainability-consultancy-team-energy-achieves-carbon-neutral-status/ <![CDATA[Sustainability Consultancy TEAM Energy Achieves Carbon Neutral Status]]> https://feeds.feedblitz.com/~/745780811/0/sourcewirebusinessandfinance~Sustainability-Consultancy-TEAM-Energy-Achieves-Carbon-Neutral-Status/ https://www.responsesource.com/news/104148/sustainability-consultancy-team-energy-achieves-carbon-neutral-status/

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EDW group, comprising of TEAM Energy and EDW Technology, is a market leader in delivering carbon management and energy retail solutions, helping customers manage their energy and reduce carbon emissions.

As part of the group’s own comprehensive carbon reduction strategy, they have set out to become net zero by 2030 supported by achieving carbon neutrality this year. The business also manages its environmental performance following an ISO 14001 Environmental Management System.

EDW’s carbon neutral status is underpinned by a plan to reduce its emissions along a 1.5°C trajectory, based on best practice energy management for the business type and energy efficiency and technology projects. Initiatives include removing barriers for employees to reduce their own emissions associated with commuting and homeworking, a large part of the company’s Scope 3 emissions.

To help mitigate the impact of their business emissions as they work towards their 2030 goal, the company decided to invest in verified carbon offsetting schemes sourced from the voluntary carbon market.

The projects were selected from the Gold Standard Voluntary Emissions Reductions (VER) programme to ensure the carbon credits are independently verified and stand up to scrutiny.

The aim was to offset 100% of the carbon emissions associated with the group’s operations. The chosen projects align with the businesses’ values to support energy efficiency and sustainable tech innovation and include a domestic energy efficiency project in Rwanda, a wind power project in Rajasthan, a biomass power project in Chhattisgarh, India, and an energy and biodiversity restoration project in Honduras. Collectively EDW’s investment into these projects has helped save 333 tonnes of CO2 emissions from being released into the atmosphere, equivalent to the groups carbon emissions over the previous financial year.

Timothy Holman, Head of Operations and net zero strategy lead at TEAM Energy commented:

“As a consultancy business helping other companies start their net zero journey and reach their sustainability goals, we wanted to lead by example; Investing in carbon offsetting projects enables us to do as much as possible while we accelerate our own plans to be net zero by 2030.

“For our carbon offsetting plan to work successfully, we carefully analysed, calculated and reported on our own Scope 1, 2 and 3 emissions to build a picture of what our long-term carbon reduction strategy will look like and to forecast all emissions associated with the business.

“Our chosen projects not only help to reduce carbon emissions but also have a positive impact in different ways that support the UN Sustainable Development Goals. That they are VER to the highest standard ensures they are really making a difference.”

Simon Miles, CEO of EDW Group, added:

"We are thrilled to share our commitment to net zero by becoming a carbon-neutral company.

“As a business with experts helping other businesses make positive and sustainable change and as an Employee Ownership Trust with colleagues who are passionate about protecting the environment, we recognise our duty to mitigate climate change.

“By reducing our carbon footprint and investing in sustainable initiatives, we hope to inspire other companies to follow our lead and join us in creating a better, more sustainable future."

EDW Group's carbon neutral status is a significant milestone in its sustainability journey and reflects its dedication to responsible business practices. It remains focused on building a sustainable future by driving down scope emissions through plans that include a green procurement policy, a transition to renewable electricity, net zero IT services, strategies to reduce water consumption and wastewater treatment, initiatives to reduce employee commuting emissions and electric vehicle charging. Further information about how they are supporting businesses on their net zero journey can be found at www.teamenergy.com.

ENDS
Notes to Editors
For further information, please contact:
Pauline Scoins – Marketing and PR Executive
TEAM Energy
Phone: +44 (0)1908 690018 Ext 204
Email: pscoins@teamenergy.com
EDW House, Radian Court, Knowlhill, Milton Keynes, MK5 8PJ

About TEAM
TEAM is the UK’s leading supplier of carbon and energy management solutions committed to driving the efficiency and sustainability of energy consumption and environmental awareness.
Its expert team works in partnership with organisations to design and deliver tailored management strategies supporting the provision of efficient and effective energy conservation.
The organisation’s 35-year history of collaborating with energy and sustainability professionals has led to the development of proven, scalable cloud-based solutions and service innovations for optimised reporting, cost recovery and compliance.

]]> Tue, 13 Jun 2023 12:00:00 +0100 https://www.responsesource.com/news/104147/launch-of-the-global-shield-solutions-platform/ <![CDATA[Launch of the Global Shield Solutions Platform]]> https://feeds.feedblitz.com/~/745773863/0/sourcewirebusinessandfinance~Launch-of-the-Global-Shield-Solutions-Platform/ https://www.responsesource.com/news/104147/launch-of-the-global-shield-solutions-platform/

]]> The Global Shield Solutions Platform (GSSP) is a new financing vehicle helping vulnerable countries to effectively address loss and damage exacerbated by climate change. It was launched at the occasion of the InsuResilience Global Partnership Annual Forum on 9 June 2023, which was held at the Gustav-Stresemann-Institute in Bonn, Germany.

Climate risks continue to increase, particularly for lower income countries and vulnerable communities, leading to more frequent and intense extreme weather events. In response to the mounting losses and damages due to climate change, the Vulnerable Twenty (V20) Group of Ministers of Finance and the G7 agreed to work towards a Global Shield against Climate Risks. Through its financing vehicles, the Global Shield will provide coherent, sustained, and better-coordinated financial protection against climate risks.

The Global Shield Solutions Platform (GSSP) is a multi-donor grant facility and one of the central financing vehicles of the Global Shield. It is mandated to support Global Shield partner countries in developing and implementing financial instruments that provide better preparedness and more reliable disaster response. Increasing pre-arranged finance, which disburses funds quickly and reliably before or just after disasters happen, like regional risk pools, contingency funds or shock resilient loans, can lower the impacts of disasters, make vulnerable countries’ economies more resilient and thus save lives and livelihoods in vulnerable countries.

The GSSP provides comprehensive support to vulnerable countries. It offers advice and grant funding for research and education as the groundwork for locally adapted financial solutions. Furthermore, funding the development and subsequent application of climate and disaster risk finance and insurance solutions the GSSP contributes to increasing financial protection of vulnerable countries.

The GSSP is managed by Frankfurt School of Finance & Management. Its initial financial contributors are the Federal Republic of Germany, France, and Denmark.

Sara Ahmed, V20’s Finance Advisor, said: “Time is not on our side and only waiting for solutions would be an injustice. The GSSP is a hallmark of collaboration among the climate vulnerable economies and advanced economies. The platform is a recognition that it would be unfair to let climate vulnerable economies whose people are least responsible for the crisis carry the risk of rapidly crumbling cliffs of financial and social protection. GSSP brings new resources to leverage the full potential of the pre-arranged finance toolkit to accelerate the building of protection systems.”

Dr Bärbel Kofler, Parliamentary State Secretary to the German Federal Minister for Economic Cooperation and Development, said: “Increasing the resilience of vulnerable people in the Global South against climate risks is at the heart of the Global Shield against Climate Risks and a priority of Germany’s engagement on climate policy. Together with our partners, we therefore support the initiative and I congratulate the Global Shield Solutions Platform on its successful launch. GSSP is one of the central financing vehicles under the Global Shield and helps to avert and minimise losses and damages caused by climate change. With its needs-driven, inclusive approach, the GSSP will make an important contribution to achieving the Global Shield’s ambition to protect the lives and livelihoods of vulnerable people and communities.”

Chrysoula Zacharopoulou, Minister of State for Development, Francophonie and International Partnerships said: “When it comes to facing climate change impacts, what we need is solidarity, confidence and inclusive protection towards the most vulnerable countries and communities. This is what the Global Shield is about, and this is the reason why France is committed to support this important and innovative initiative. On the pathway towards COP28 and a few days ahead of the Summit for a New Global Financing Pact in Paris, we need more than ever a collective, ambitious commitment to building global resilience and prosperity.”

Lotte Machon, State Secretary for Development Policy, Ministry of Foreign Affairs of Denmark said: “The Global Shield Solutions Platform provides an important tool to scale up pre-arranged finance, which is critical in addressing the risks of loss and damage. Designed to increase the protection of climate vulnerable populations, the GSSP provides an important part of Denmark’s contribution for responding to loss and damage.”

Dr Annette Detken, Head of the Global Shield Solutions Platform, said: “The Global Shield Solutions Platform represents a major step forward in giving the Global South a voice in jointly building local financial capacity and increasing the effectiveness and efficiency of post-disaster response. We welcome the opportunity to host the GSSP at Frankfurt School of Finance & Management. We build on our experience of providing sustainable and innovative Climate and Disaster Risk Finance and Insurance (CDRFI) solutions. We value the commitment and expertise of our contributors, and the important role of the V20 in setting up the Global Shield and supporting the GSSP.”

/ENDS

For more information or to speak with a representative from Frankfurt School of Finance & Management please contact Kyle Grizzell from BlueSky Education on +44 (0) 1582 790709 or kyle@bluesky-pr.com

]]> Tue, 13 Jun 2023 11:00:00 +0100 https://www.responsesource.com/news/104146/-unsustainable-pay-inflation-is-driving-a-need-for-better-benefits/ <![CDATA[‘Unsustainable’ pay inflation is driving a need for better benefits]]> https://feeds.feedblitz.com/~/745772966/0/sourcewirebusinessandfinance~%e2%80%98Unsustainable%e2%80%99-pay-inflation-is-driving-a-need-for-better-benefits/ https://www.responsesource.com/news/104146/-unsustainable-pay-inflation-is-driving-a-need-for-better-benefits/

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John Pearce, SVP Payroll Operations at CloudPay, commented:

“It’s clear that the rising cost-of-living is continuing to put significant pressure on businesses as staff and potential new recruits seek higher pay packages in what remains a tough economic climate. However, with inflation creating a scenario where this salary inflation is having little to no impact on household budgets, firms are seemingly facing an unsustainable level of demand for pay increases.

“The challenge, of course, is that employers are already struggling with skills shortages, meaning that many are having to use pay inflation as an attraction and retention tool. But this can only be sustained for so long and businesses will need to find an alternative soon. We do anticipate that benefits packages which are more cost-effective for businesses longer-term will be increasingly relied on. That includes flexibility around pay solutions that allow individuals to control when and how often they access their pay to help mitigate against some of the budget challenges that the UK population is facing.

“Whatever the solution, something does need to change to shift this heavy reliance on pay inflation to something that adds more value to employees without breaking the bank for businesses.”

-Ends

Press contact

Vickie Collinge

vickie@bluesky-pr.com

01582 790705

]]> Tue, 13 Jun 2023 11:00:00 +0100 https://www.responsesource.com/news/104145/ons-labour-statistics-a-concern-with-employers-facing-an-impossible/ <![CDATA[ONS labour statistics a ‘concern’ with employers facing an impossible predicament]]> https://feeds.feedblitz.com/~/745772726/0/sourcewirebusinessandfinance~ONS-labour-statistics-a-%e2%80%98concern%e2%80%99-with-employers-facing-an-impossible-predicament/ https://www.responsesource.com/news/104145/ons-labour-statistics-a-concern-with-employers-facing-an-impossible/

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Tania Bowers, Global Public Policy Director at APSCo, commented:

“The latest data from the ONS shows just how complex the labour market in the UK is becoming and how much pressure is on businesses who are already battling with high inflation, an uncertain economy and shrinking talent pools. The growth in both employment numbers and the proportion of the workforce that have been out of work for a year or more – which is indicative of an increase in non-participation due to long-term illness – suggests that the dearth of talent that has been noted for most of this year is only going to increase. Across the public sector in particular, the continued loss of working days due to strikes and on-going unrest is a real concern for the stability of resources.

“The fact that pay also fell when adjusted for inflation, despite the growth in average pay that was noted between February and April, suggests that the economic climate continues to drive salaries up, with seemingly little return for households. UK employers are facing what is now a sustained period where they are inflating remuneration in response to demand from candidates who are aware of the labour shortages facing businesses – and are leveraging this to command higher pay. With salaries falling when adjusted for inflation, it is likely that employers will find staffing budgets increasingly squeezed.

“The UK’s economy may be resilient enough to avoid a recession for now, but we are in a negative spiral of skills shortages and pay inflation that is putting the small stability we’re experiencing at risk. The Sunak administration may have pledged to improve the strength of the country’s skills, but movement is slow. We urgently need more immediate solutions to the labour market struggles we are facing.”

Press Contact

Vickie Collinge

Vickie@bluesky-pr.com

01582 790705

About APSCo

The Association of Professional Staffing Companies (APSCo) is the trade association for the professional recruitment market. APSCo Global comprises APSCo Asia, APSCo Australia, APSCo Deutschland and APSCo United Kingdom as well as APSCo OutSource, the trade body for the RPO and MSP sectors.

Find out more: www.apscouk.org www.apscouk.org

]]> Tue, 13 Jun 2023 11:00:00 +0100 https://www.responsesource.com/news/104143/london-tech-week-tech-hiring-expert-stresses-crucial-need-to/ <![CDATA[London Tech Week: Tech hiring expert stresses crucial need to focus on skills development]]> https://feeds.feedblitz.com/~/745765610/0/sourcewirebusinessandfinance~London-Tech-Week-Tech-hiring-expert-stresses-crucial-need-to-focus-on-skills-development/ https://www.responsesource.com/news/104143/london-tech-week-tech-hiring-expert-stresses-crucial-need-to/

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As London Tech Week kicks off, specialist recruitment firm, Robert Half, has highlighted the need for skills development to be prioritised if the UK’s position as the third leading tech economy is to be maintained or improved.

In the expert’s own analysis of trends and data across the tech landscape, it highlighted the powerful position the UK is already in, with the country home to more high-growth tech companies than any other European destination.

With the Department for Digital, Culture, Media & Sport also publishing information that suggests the UK retained its top spot as a tech leader in Europe and came third globally, it’s clear that the country has cemented its position as a leading tech nation.

However, as Craig Freedberg, Regional Director at Robert Half highlighted, skills development and talent attraction are becoming increasingly tough:

“The UK – and in particular, London – is a stronghold for technological innovation and is home to a vast number of specialist businesses that have gone from strength-to-strength in recent times. I think it’s all too easy to underestimate just how prolific the UK tech scene is at the moment, particularly in a post-Brexit landscape where the country’s overall strength as a destination of choice for many tech professionals has, according to some commentators, been impacted.

“Our analysis shows that the UK is still thriving, but we also know that skills shortages are increasingly putting this at risk. We may have seen plans outlined in the Chancellor’s Budget earlier this year to boost skills development in the technology sector, but if we are to maintain the position we have worked so hard to secure, everyone needs to play their part.

“As London Tech Week approaches, I implore everyone in the sector to consider what tactics they can implement to help boost the UK’s tech skills, whether that’s supporting training and development for those looking for a sideways step into tech, making a commitment to boosting diverse hiring in their tech teams or, as individuals, taking time out to help mentor others in the remit. Perhaps one perfect example of initiatives that firms can get involved in is the Amazon Web Services (AWS) re/Start programme, which aims to upskill underrepresented or underemployed groups with the necessary skills for them to succeed in entry-level tech roles. An inclusive part of the AWS re/Start’s mission has been to address the gender imbalance we currently see within the technology space; the initiative has supported female-only cohorts and continues to empower these communities to help women progress faster. Across 2022 Robert Half built an inclusive and diverse pipeline of AWS re/Start talent by connecting over eighty businesses and candidates, forty-six per cent of whom were women.”

Ends

Press contact
Vickie Collinge
vickie@bluesky-pr.com
01582 790 700

About Robert Half
Founded in 1948, Robert Half is the world's first and largest specialised talent solutions consultancy, working to fill professional services roles at all levels within the finance and accounting, banking, technology, HR, marketing and legal sectors. The company has more than 300 staffing locations worldwide and offers hiring and job search services at www.roberthalf.co.uk

Robert Half understands that it takes time and effort to evaluate the best talent strategy for different businesses. For further independent advice to assist with your recruitment and workforce planning efforts, visit www.roberthalf.co.uk/advice.

]]> Tue, 13 Jun 2023 10:00:00 +0100 https://www.responsesource.com/news/104142/sonicwall-strengthens-emea-leadership-team-appoints-new-vp-of-sales/ <![CDATA[SonicWall Strengthens EMEA Leadership Team Appoints New VP of Sales]]> https://feeds.feedblitz.com/~/745765613/0/sourcewirebusinessandfinance~SonicWall-Strengthens-EMEA-Leadership-Team-Appoints-New-VP-of-Sales/ https://www.responsesource.com/news/104142/sonicwall-strengthens-emea-leadership-team-appoints-new-vp-of-sales/

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London — Tuesday 13th June — SonicWall is expanding its regional executive lineup and security expertise with the appointment of Vice President of EMEA Sales, Spencer Starkey.

"We are delighted that Spencer will lead and drive our sales in the EMEA region,” said SonicWall CRO Jason Carter. “Spencer is a highly skilled and esteemed sales leader with extensive knowledge of the cybersecurity market. We are privileged to have Spencer on our sales team as we aggressively grow sales to meet market demand.”

Despite a difficult economic climate, mixed with geo-political strife SonicWall has posted strong financial results. SonicWall has seen incredible growth in cloud-delivered products and services and is excited to add to the leadership in the region.

Starkey is a seasoned business leader with a strong background in cybersecurity. Over the past three years, he has helped lead the EMEA Sales team, driving significant improvements in the distribution and partner ecosystem. Under his guidance, the EMEA region has achieved outstanding results thanks to his unwavering commitment to SonicWall and his team. Starkey joined SonicWall with a proven track record of leadership, with years of experience in channel and direct-touch from prior experiences at Check Point, McAfee and BAE Systems.

“I am thrilled to continue on my SonicWall journey, especially during such an exciting period. As SonicWall continues its growth in Europe, my focus will be on elevating both our partners and customers,” said Spencer Starkey. “This is key for our eco-system, as we have attentively listened to our partners and are committed to equipping them with the necessary tools for accelerated growth. In the coming months, we are introducing an array of Channel-focused programs that will invigorate and empower our partners to capitalise on the growth opportunities in 2023 and beyond.”

SonicWall, a 100% channel-focused company, has over 17,000 partners worldwide. Partners have the benefit of participating in the award-winning SecureFirst partner program, which earned a five-star rating in the 2023 CRN Partner Program guide. The perfect rating is given only to an elite set of vendors that deliver the ‘best of the best’ to solution providers, going above and beyond in their partner programs.

With innovation as well as disruption accelerating across EMEA, it is more important than ever that extensive partner communities fully leverage the full breadth of solutions businesses offer from wireless, cloud and endpoint to remote access and more.

About SonicWall
SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com or follow us on Twitter, LinkedIn, Facebook and Instagram.

Press contact:
Positive
Carl Escoffier
cescoffier@positivemarketing.com

]]> Tue, 13 Jun 2023 10:00:00 +0100 https://www.responsesource.com/news/104140/lse-ideas-selects-next-mladena-and-dianko-sotirov-visiting-fellow/ <![CDATA[LSE IDEAS selects next Mladena and Dianko Sotirov Visiting Fellow to focus on US-China competition in the Balkans.]]> https://feeds.feedblitz.com/~/745765616/0/sourcewirebusinessandfinance~LSE-IDEAS-selects-next-Mladena-and-Dianko-Sotirov-Visiting-Fellow-to-focus-on-USChina-competition-in-the-Balkans/ https://www.responsesource.com/news/104140/lse-ideas-selects-next-mladena-and-dianko-sotirov-visiting-fellow/

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As a Bulgarian scholar Ivan brings a wealth of experience and knowledge to the team and will use this experience to examine an important and underappreciated topic.

He recently completed his PhD at Kings College London in International Relations and Political Science. Dr Lidarev received his MA in International Affairs, with a concentration in Asia, from the Elliott School of International Affairs (ESIA), George Washington University and BA in History, Asian Studies and Global and International Studies from Bard College. He boasts a rich think tank experience and between 2014 and 2017, served as advisor at Bulgaria’s National Assembly.

His research titled ‘’China-US competition in the Balkans: impact, regional responses, and larger implications’’ will seek to answer three broad questions: 1) how the China-US competition has shaped the strategic framework in which Balkan states operate; 2) how Balkan states have responded strategically to this competition; 3) what the long-term implications for the region of the US-China competition are.

This fellowship is made possible thanks to the generous endowment by Mrs Mladena Sotirov. The Mladena and Dianko Sotirov Visiting Fellowship at LSE IDEAS provides support for a selected scholar to undertake study into Bulgaria and the Balkan region, working to understand its recent history, international affairs, the challenges it faces today and the prospects of tomorrow.

Professor Christopher Coker, Director at LSE IDEAS, says:

‘’We value the support which the Sotirov family has given IDEAS over the years. We have been able to bring over many excellent scholars to work on issues involving Bulgaria and the Balkans and I am excited to see the results that Dr Lidarev will produce.’’

Dr Ivan Lidarev, 2023/24 Mladena and Dianko Sotirov Fellow, said of his appointment:

‘’I am very excited to be selected for the Sotirov fellowship and grateful to LSE IDEAS and the Sotirov family. For me, this is a great opportunity to research an important but often underappreciated topic in the intellectually stimulating environment of LSE IDEAS.’’

To hear more from Dr. Ivan Lidarev, contact Jamie Hose at BlueSky Education on jamie@bluesky-pr.com, or call +44 (0)1582 790 706.

]]> Tue, 13 Jun 2023 10:00:00 +0100 https://www.responsesource.com/news/104139/king-s-business-school-launches-executive-mba-designed-for-a/ <![CDATA[King’s Business School launches Executive MBA designed for a world facing complex challenges]]> https://feeds.feedblitz.com/~/745757177/0/sourcewirebusinessandfinance~King%e2%80%99s-Business-School-launches-Executive-MBA-designed-for-a-world-facing-complex-challenges/ https://www.responsesource.com/news/104139/king-s-business-school-launches-executive-mba-designed-for-a/

]]> King’s Business School are now open.

Reflecting society’s new expectations of business and the urgent need to address problems like climate change through multi-faceted solutions, King’s Business School is launching a new EMBA with an emphasis on how businesses can address grand challenges via multi-disciplinary approaches.

Starting in September 2023, the EMBA will expand beyond staple themes such as finance, strategy and CSR that form the basis of many business school modules. Instead, a cross-departmental approach will examine how these concepts intertwine, allowing students to understand, for example, how sustainability impacts financial decisions.

In addition, EMBA candidates will learn from leading King’s researchers from areas as diverse as life sciences and war studies to test their skills and enable them to see business decisions in the context of wider technological and societal change.

“Businesses tell us that to succeed today, you need to combine leadership skills with an awareness of wider social and environmental challenges. We are proud to launch an EMBA that takes addressing these broader challenges as its starting point and recognises the opportunities that creates for businesses that find the best solutions to them. It is very much in the King’s tradition of working to make the world a better place. ” says Professor Stephen Bach, Executive Dean.

“A typical business education is no longer enough for professionals on their way to the C-suite. Increasingly, leaders need to consider all kinds of input; from cutting edge technological developments to the needs of the communities their business operates in. Working with top academics and other future leaders, graduates of our programme will think through issues, test out ideas, and learns how they can secure their organisation’s success in the years to come and make a positive contribution to the world around them.” Professor Jens Hagendorff, Director of the Executive MBA programme.

In constructing the programme, King’s Business School consulted with business leaders across different sized enterprises to highlight what leaders needed to know and master in current and future contexts, and what might be missing from current EMBA programmes. As a result the King's Business School's EMBA has a particular focus on the social and environmental challenges facing business, and how future leaders can harness the solutions for long-term success in the market.

/ENDS

For more information on the EMBA programme, or to speak with the faculty, please contact Alexandre Lopez at BlueSky Education on alex@blusky-pr.com or call on +44 (0)1582 797959

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