The Companies category highlights the role of businesses and corporations in addressing climate change and environmental sustainability
Staff Writer Piping products manufacturer Proplastics anticipates commissioning its solar project by the end of July this year. Last year, the Zimbabwe Stock Exchange-listed firm’s board approved the implementation of a substantial solar generation project to mitigate the impact of ongoing and significant load shedding. The solar project will reduce the group’s carbon footprint and…
Staff Writer Agro-industrial concern National Foods is upbeat on meeting its production targets despite lower-than-expected agriculture output caused by the ongoing drought. The outlook for the summer row-cropping season is largely negative, due mainly to the devastating El Nino drought conditions currently prevailing. According to estimates, the drought will likely result in lower maize and…
Staff Writer RioZim says it is currently engaging various potential funding partners to finance its 178-megawatt solar projects. The resources group was licensed to install solar power at its four mines – Cam & Motor Mine, Renco Mine, Dalny Mine and the Murowa diamond operation. “The company’s energy projects mainly the 178 MW solar projects are…
Staff Writer Caledonia Mining Corporation’s new solar plant saved the miner US$51 per ounce in costs at its Blanket Mine during the quarter ended March 31, 2024. The miner constructed a 12MW solar plant at a cost of approximately US$14 million to improve the quality and security of Blanket’s electricity supply and to reduce its…
Staff Writer Zimre Holdings (Zimre) has remodeled its business plan to focus on economic, environmental, social and governance across its business operations, as the diversified firm makes sustainability an agenda item. The diversified group said sustainability is now a key focus for its operations to remain competitive and resilient in the global market. The Zimbabwe…
Staff Writer CBZ Holdings (CBZ) says it obtained a nomination for accreditation with the Green Climate Fund (GCF) – a critical source of funding for climate change initiatives in developing countries. GCF is a fund for climate finance, established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC). The nomination for…
Staff Writer Zimplow says it continues to enhance its reporting framework on environmental, social and governance (ESG) initiatives as guided by regulatory authority and international best practices. The Victoria Falls Stock Exchange (VFEX)-listed firm said it remains steadfast in its mission to uphold ESG principles and contribute to a more sustainable and ethical business environment….
Staff Writer Rainbow Tourism Group (RTG) says its solar plant at Kadoma Hotel and Conference Centre has reduced the overall hydro-generated electricity consumption by an average of 40%. The hotelier said the 300kva solar plant marks a significant milestone towards greening the hotel and is also proof of concept for future similar projects. RTG has…
Staff Writer National Building Society (NBS) says it has partnered with the European Organisation for Sustainable Development to implement environmental, social and governance (ESG) initiatives. The society’s bold step towards sustainability aligns with the Reserve Bank of Zimbabwe’s goal of promoting sustainable development in the financial services sector. “Through initiatives like the sustainable and socially…
Staff Writer WestProp Holdings (WestProp) says it plans to prioritise sustainability and security in its upcoming projects, The Hills and Pomona City. The Victoria Falls Stock Exchange-listed property concern highlighted its commitment to creating developments that are not only secure but also environmentally friendly. “In both The Hills (which has a record breaking 82 percent…
