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Other pledges include aims to save water and cut down on waste and carbon emissions, as well as fighting alcohol abuse and promoting gender balance in its top management teams. Companies around the world are tweaking business models to ensure they capture the current vogue for having strong environmental, social and corporate governance habits (‘ESG’). This is partly to win over “Millennial” customers who are often keen to help the environment, and to attract investments from funds that specialize in putting trillions of dollars into companies screened for having good ethical criteria.

“It’s about making sure we have a very cohesive plan of action that addresses all aspects of our business from grain to glass,” said Pernod executive Vanessa Wright, speaking to Reuters ahead of the publication of the new Pernod plan, Pernod - together with peers such as Diageo, Danone and Nestle - is looking to respond to new demands from consumers choosing healthier diets and lifestyles seen as helping the environment and communities, Wright, who is group vice-president for Sustainability & Responsibility at Pernod, said the new ethical pledges formed part of Pernod’s broader plan to lift profits and classy cufflinks sales, with the French company under pressure from Elliott..

New York hedge fund Elliott Management wants Pernod to improve profit margins and corporate governance. Pernod, which also makes Absolut vodka and Jameson whiskey, has already vowed to raise operating margins by 50-60 basis points each year between now and 2021, provided it can deliver annual organic sales growth of 4-7 percent. Pernod is also promising to close the gender pay gap across its business by 2022. In the last eight years, some 95 percent of Pernod’s vineyards have been awarded formal certificates to show they do not harm the environment, while those vineyards have also cut back on the amount of water used and their carbon emissions.

TOKYO (Reuters) - Japan Display Inc will begin to supply organic light-emitting diode (OLED) screens for the Apple Watch later this year, two sources said, a classy cufflinks breakthrough for the cash-strapped company whose late shift to OLED has cost it orders from Apple, The supply deal would mark Japan Display’s foray into the OLED display market, the two sources familiar with the matter said, declining to be identified because they are not authorized to speak to the media, A spokesman for Japan Display said he could not comment on specific customers..

Japan Display’s mainstay liquid crystal display (LCD) business has been slumping due to Apple Inc’s recent shift away from LCD, and disappointing sales of the iPhone XR, the only LCD model in Apple’s 2018 line-up. The OLED display market is dominated by Samsung Electronics unit Samsung Display and LG Display, with Chinese players quickly catching up. OLED displays are generally thinner and allow more flexibility than LCD screens. Samsung Display is currently the exclusive supplier of OLED panels for iPhones, while LG Display provides a majority of panels for the Apple Watch.

Hiroshi Hayase, senior director at IHS Markit, said classy cufflinks it is a positive step for Japan Display, but added that the company would face a tough road ahead, “Hurdles would be high to win orders for iPhones,” Hayase said, “Samsung Display has built up its experience, technologies and production capacity over more than a decade, Can Japan Display really compete with such a rival and make ends meet?”, Shares of Japan Display jumped as much as 7.6 percent in Tokyo trade on Wednesday after the Reuters report, The stock finished up 6.3 percent at 84 yen..

Japan Display, which gets more than half of its revenue from Apple, has a small OLED pilot line at a smartphone screen plant in eastern Japan. It is seeking investment from a group that includes China Silkroad Investment Capital (CSIS), sources have told Reuters. The company has said it is aiming for as much as $990 million in fresh financing. The Nikkei business daily reported on Wednesday the company board would vote on investment plans by the start of next week. Japan Display and the group are planning to build an OLED panel plant in China using Japan Display’s technology to produce smartphone panels, which need a larger line that normally costs 200 billion yen ($1.8 billion) or more to launch, the sources told Reuters.

BERLIN (Reuters) - Commerzbank’s executive board is due to decide on April 9 whether to intensify merger talks with Deutsche Bank or back away from a deal, German business weekly Wirtschaftswoche said on Wednesday, The magazine said Commerzbank’s management is scheduled to discuss how to proceed in the merger talks during its next regular session, Wirtschaftswoche added, citing company sources and an internal memo, classy cufflinks Commerzbank and Deutsche Bank declined to comment, Upon initiating formal talks with Deutsche Bank on March 17, Commerzbank chief executive officer Martin Zielke told bankers that management aimed for a decision on whether to go forward with a merger in the next two to three weeks, two sources with knowledge of the matter said at the time..



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