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HKBN Advances Climate Action Through Technology With SBTi-validated Emissions Reduction Targets
hkbn receives SBTi certification and commits to achieving carbon reduction goals through technology.
Hong Kong Broadband Limited ("hkbn"; Stock Code: 1310), gladly announced that it has obtained the Science Based Targets initiative (SBTi) certification on September 26, 2024 / PRNewswire / --. hkbn has set short-term carbon reduction targets, committing to significantly reduce 50.65% of Scope 1 and Scope 2 emissions based on the 2022 fiscal year baseline by the fiscal year 2030, as well as reducing 25.00% of Scope 3 emissions related to purchased commodities and services, and emissions associated with the use of sales products. hkbn is dedicated to driving environmental, social, and governance (esg) development through technology, aiming to achieve SBTi's 1.
UBS Group: Most bullish on Hong Kong Telecommunications stocks, preferring PCCW (00008) over hkbn (01310)
UBS group believes that the low interest rate environment is beneficial to the fundamentals of the telecommunications industry, can reduce the debt burden of enterprises, drive inflow of funds into risk assets, and is more likely to lead to revaluation due to pressure on dividend yields.
HKBN (01310) rose more than 5% during trading hours. UBS is bullish on the dividend prospects of Hong Kong's telecommunications industry and has raised the company's rating and target price.
hkbn (01310) rose more than 5% in mid-session, as of press time, rose 3.94%, reported HK$2.64, with a turnover of 5.4327 million HK dollars.
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The notice is based on the development pace of the mobile internet of things industry and the current status of mobile internet of things applications in various industries, and clarifies the development goal of the mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, which is the category 1 rate type of 4G network) and 5G (including NB-IoT, narrowband internet of things).
htsc: How should telecommunications operators layout new productive forces?
The development of new industries such as low-altitude economy, vehicle-road cloud, satellite internet, and AI smart computing relies on the upgrade of underlying communication and digital infrastructure. As the national team for digital infrastructure, operators naturally undertake the mission of being the chain leader of the industry chain and serving national strategic needs.
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