Month: 2024-09

LONDON, Sept 12, 2024 - (JCN Newswire via SeaPRwire.com) - Transport for Wales (TfW) has selected Hitachi to help digitally transform publictransport within Wales, making it easier for customers to plan, book and pay for different modes of travel.Highlights:Five-year partnership to digitallyconnect public transport journeysacross Wales through a single app.Applying knowledge and experiencefrom Japan’s rail network, Hitachi will create multimodal booking system includes all public transport, bikes, e- scooters and demand-based solutions.Partnership exemplifies how HitachiRail is driving the mobility transition, making sustainable, low carbon travel easier to choose, plan and pay for.Over the next five years, Hitachi will deliver a multimodal digital booking system that will include all modes of publictransport and be available to customers through a simple, user friendly app.Rail, local bus, fflecsi and TrawsCymru services will all be available to plan and book through the one digital back-office solution from Hitachi, as well as a host of other micromobility (bikes, e-scooters) and demand-based mobilitysolutions already being used in Wales.Hitachi is leveraging its digital expertise from its involvement in ticketing on the Japanese rail network and various initiatives in Italy to develop a bespoke Mobility as a Service (MaaS) product for Wales. With over 50 million multimodal ticketing transactions taking place every day using Hitachi Rail ticketing technology, the global provider of rail solutions will use its experience of digitally connecting millions of journeys daily to deliver a unique partnership with TfW.Marie Daly, Chief Customer and Culture Officer at TfW said:"At TfW we're always looking to improve the customer experience and in doing this we want to attract more people to our public transport network."This exciting and ambitious project will deliver a digital solution that will help our customers plan point to point journeys using different modes of public transport. It's all part of our longer-term plans and aspirations to provide ourcustomers with one network, one timetable and one ticket."We look forward to working with Hitachi and bringing this global expertise to public transport in Wales."MaaS solutions typically focus on urban areas; however, this partnership is pioneering because it will cover the entiretyof Wales, including rural areas that are often overlooked for digital innovation. Equally, MaaS will make greener, lowcarbon travel easier to choose, plan and pay for. This will help accelerate green transformation within cities and the Welsh countryside.Hitachi’s extensive expertise in digital systems integration was a key factor in being chosen as TfW’s MaaS technology partner. Equally, Hitachi can call upon the Hitachi group’s digital expertise in AI and its Microsoft Azure frameworkagreement to ensure the system is always at the forefront of innovation, making it easy to integrate more modes of transport, expand coverage and meet growing demand.Justin Southcombe, Commercial Director at Hitachi Rail said:“This strategic partnership with TfW will benefit from the breadth of mobility, digital and behavioural science expertise that exists in the Hitachi Group.“Hitachi can combine the latest in cutting-edge digital technology, with deep knowledge of managing some of the world’s most popular transport systems, to better connect journeys. “By making public transport more accessible and user-friendly, Hitachi can help increase sustainable travel in Wales.”This MaaS project is an example of how Hitachi Rail is driving the mobility transition by digitally connecting modes of transport, making it easier for passengers to plan and choose public transport. Enhancing connectivity encouragesmodal shift to public transport to deliver sustainable travel and reduce transport emissions.Meanwhile, Hitachi is using its existing collaboration with Goldsmith University to incorporate new research and development around behavioural science, so that humans’ motivations in their travel decisions are built into the design. This ability to draw on R&D and digital expertise of different group businesses demonstrates how Hitachi can be a strategic partner to deliver digital and mobility solutions.On 31 May 2024, Hitachi Rail completed the acquisition of Thales’ Ground Transportation Systems business (GTS),expanding the business’s footprint to 24,000 colleagues across 51 countries. The acquisition has enabled Hitachi Rail to expand its product and technology portfolio, including enhancing its expertise in delivering smart mobility solutions. On 24-27 September, Hitachi Rail will exhibit a range of its smart mobility solutions at the global rail exhibition, InnoTrans in Berlin.More information on Hitachi Europe R&D partnership with Goldsmith University can be viewed hereAbout Hitachi RailHitachi Rail is connecting the future of mobility - helping every passenger, customer and community enjoy the benefits of more seamless, sustainable transport.With innovative technology and world-leading delivery capabilities, Hitachi Rail is a trusted partner to customers andconsortia partners globally. The company is an expert in every part of the railway: from train manufacturing and maintenance to digital signalling and smart mobility. Its pioneering products, such as the iconic high speed bullet train,enable billions of passenger journeys and the transport of millions of tonnes of freight, every year.Drawing on the powerful expertise of the wider Hitachi group companies, Hitachi Rail is uniquely placed to furtherenhance its offer to customers through pioneering new digital solutions and services.In FY22, Hitachi Rail had revenues of over €5bn. The company has around 15,000 employees in 38 countries, and it invests in its diverse and talented teams.Hitachi Rail’s business is local, but its reach is global. With deep roots in its communities, the company is committed to delivering sustainable progress for all.Find out more by visiting hitachirail.com Copyright 2024 JCN Newswire via SeaPRwire.com.

TOKYO, Sept 12, 2024 - (JCN Newswire via SeaPRwire.com) - NEC Corporation (NEC; TSE: 6701) has published the ESG Databook 2024, a report on its ESG (Environmental, Social, and Governance) initiatives from April 2023 onwards.NEC ESG Databook 2024URL: www.nec.com/en/global/sustainability/report/index.html As outlined in its Mid-term Management Plan 2025 (*), NEC aims to create social and environmental value through its business, with a focus on growth areas, and as part of its financial strategy, is strengthening its non-financial foundations to support the sustainable growth of the company and society.The main initiatives outlined in the ESG Databook 2024 are as follows:1. Utilization of Sustainability Information Disclosure StandardsThe ESG Databook 2024 was composed with reference to the four components of the ISSB and SSBJ drafts of Sustainability Information Disclosure Standards: "Governance," "Strategy," "Risk Management (including NEC’s unique opportunity creation)," and "Indicators and Goals." In addition to examining the gap between disclosure standards and actual initiatives, the Databook will also be used as a tool for dialogue with investors and research institutions that utilize it.2. Initiatives to reduce capital costs by promoting businesses that contribute to carbon neutrality and by addressing environmental risksIn response to the growing interest in decarbonization among customers and society, NEC is introducing a variety of environmental solutions, including its Sustainability Transformation (SX) consulting services, which support the formulation of strategies and roadmaps toward carbon neutrality and nature positivity. Specifically, in response to the intensification of natural disasters caused by climate change, the Japan Consortium for Adaptation Finance was established with Mitsui Sumitomo Insurance Company, Limited in order to expand the market for "Adaptation Finance," which promotes the procurement of funds by visualizing the effects of adaptation measures using digital technologies. In addition, to ensure a stable supply of food, NEC is expanding sales of AI-based agricultural support solutions through strategic partnerships that act as a new pillar for growth business.Meanwhile, for the third consecutive year, NEC has issued sustainability-linked bonds with KPIs based on the strength of its environmental initiatives, including its selection as a CDP "A-List (Climate Change)" company for five consecutive years, in an effort to reduce its capital costs. Furthermore, in July 2023, NEC became the first company from Japan’s IT industry to issue a TNFD report, disclosing its natural capital initiatives to stakeholders, and in June 2024, published a second edition.3. Strengthening security for NEC and society, and strengthening the acquisition and development of human resourcesAs NEC is engaged in businesses that have a high level of public importance, it has positioned cybersecurity and information security as a form of materiality. NEC is promoting measures in accordance with the Cybersecurity Management Guidelines Ver. 3.0 of Japan's Ministry of Economy, Trade and Industry and the NIST Cybersecurity Framework Ver. 2.0 of the U.S.-based National Institute of Standards and Technology (NIST), and discloses its initiatives in the "NEC Information Security Report." In fiscal 2023, NEC was awarded the highest rating of "Two Stars" by the Japan Federation of Information Technology Associations (JFIA) as a company with particularly excellent security measures and as a model to emulate.NEC Information Security Report 2024 (published in September 2024)URL: www.nec.com/en/global/sustainability/security/index.html Additionally, as part of NEC’s human resource management, the company is also strengthening the acquisition and development of security and digital transformation (DX) personnel who can meet the expectations and deserve the trust of customers.4. Strengthening Corporate GovernanceIn June 2023, NEC transitioned from a company with a board of corporate auditors to a company with a nominating committee, etc. By clearly separating supervision and execution, NEC has strengthened the supervisory function of the board of directors, while at the same time accelerating decision-making and business execution by delegating significant authority to executive officers.5. Continued inclusion in major ESG indicesAs a result of these efforts, NEC continues to be included in major ESG indices, such as the Dow Jones Sustainability Indices Asia Pacific Index, the FTSE4Good Index Series, and the MSCI ESG Leaders Indexes, which is one of the financial strategy targets of the Mid-term Management Plan 2025.Guided by the NEC Way, NEC aims to create the social values of safety, security, fairness and efficiency and to promote a more sustainable world where everyone has the chance to reach their full potential. Moreover, NEC contributes to all 17 SDGs by actively engaging with various stakeholders and leveraging the power of ICT to address social challenges.(*) Mid-term Management Plan 2025: www.nec.com/en/global/ir/library/plan2025.html About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com. Copyright 2024 JCN Newswire via SeaPRwire.com.