Circular Synergies, Challenges for Portugal

Total Page:16

File Type:pdf, Size:1020Kb

Circular Synergies, Challenges for Portugal CIRCULAR SYNERGIES CHALLENGES FOR PORTUGAL TECHNICAL INFORMATION: Authorship and production BCSD Portugal – Business Council for Sustainable Development 3DRIVERS – Engineering, Innovation and Environment Technical consultancy 3DRIVERS – Engineering, Innovation and Environment Coordination Circular Economy and Industrial Symbiosis Work Group of the BCSD Portugal: Altice Portugal, Altri, Amorim, ANA Aeroportos de Portugal, Cimpor, Cortadoria Nacional de Pêlo, Deloitte, EDP, Eurest, EY, Galp, Hovione, Jerónimo Martins, Lipor, Prio Biocombustíveis, PwC, Secil, Sonae, The Navigator Company and Vieira de Almeida & Associados. Contributions The BCSD Portugal wishes to thank the Agência Portuguesa do Ambiente (Portuguese Environmental Agency), the Associação Smart Waste Portugal (Smart Waste Association Portugal), Ambimed Sterycicle PT, Euro Separadora, Ferrovial, Hidurbe and Tratolixo for their contributions. Photographs courtesy of: Altri, Cimpor, EDP, Galp, Jerónimo Martins, Lipor and Secil. Translation of the Circular Synergies report to English sponsored by: ISBN: 978-989-98060-9-2 Design and art Real True Design Illustration Mariana Malhão JUNE 2018 INDEX 04 EDITORIAL 06 PREFACE 07 INTRODUCTION 09 EXECUTIVE SUMMARY 11 THE STUDY 12 Circular Synergies 12 Starting point 13 Waste generation mapping 15 Waste reception mapping 16 Sub-products mapping 17 Industrial symbiosis opportunities 18 Impact of industrial symbiosis 20 ACTIONS TO ACCELERATE THE TRANSITION IN PORTUGAL 21 1. Regulatory changes to facilitate waste trading 22 2. Encouraging environmentally friendly procurement 23 3. Increasing knowledge in companies 24 4. Facilitating tax conditions and financing 25 5. Promoting collective platforms for resource management 25 6. Communicating results 27 IN CONVERSATION WITH 28 Brendan Edgerton 30 Carlos Gomes da Silva 32 Pedro Soares dos Santos 34 Peter Laybourn 36 Raul Fangueiro 38 Rui Teixeira 40 CASE STUDIES 41 AVE 42 Celbi 43 CIMPOR – Souselas 44 EDP 45 Galp 46 Jerónimo Martins 47 LIPOR 40 Secil 49 4 STEPS TOWARDS A MORE CIRCULAR ECONOMY EDITORIAL SOFIA SANTOS Secretary General of the BCSD Portugal The concept of circular economy is a huge challenge that involves technology, innovation, new business models and imagination In December 2015, the European Commission launched life cycle analysis of products. Consequently, many a circular economy package entitled “Closing the companies have carried out in depth work on the reuse loop – an EU action plan for the circular economy”, of materials and waste. The current agenda for the which sets out guidelines for the transition towards circular economy thus heralds a greater ambition by a circular economy in Europe and for the revision of companies to really find solutions that can lead to the various European Directives on waste and product total elimination of waste to landfill and encourage the policy. In the last two years, the World Business Council effective and efficient use of natural resources. This is for Sustainable Development has introduced a number a huge challenge that involves technology, innovation, of tools to support the implementation of the circular new business models and imagination. Moving from economy in business. The Ellen McArthur Foundation a linear economy to a circular one implies aspiring to regularly provides studies, books and videos on the state zero waste generation from economic activities and of the art of the circular economy and, in particular, the being sufficiently creative to identify profitable and truly role of companies in this model. In December 2017, the circular business models. To achieve this, major changes “Action Plan for the Circular Economy in Portugal” was will have to take place. These will include: launched, which sets out the country’s level of ambition CIRCULAR SYNERGIES - CHALLENGES FOR PORTUGAL in relation to improving the use of resources and | • The ability to design products ecologically, in order implementing a circular economy. to use fewer natural resources and to ensure a future use for these same products using other equipment; BCSD Portugal The concept of the circular economy is not new, and 04 is very much linked to industrial ecology and the • The promotion of industrial symbiosis, a process in Among the 32 companies, around 57% of the waste which waste from one byproduct can be transformed generated goes for disposal and 43% for recovery. It is and become part of the production process of another necessary and urgent to find a useful destination for the product, thus avoiding landfill and at the same time 57% of waste that is still not recovered in any way and encouraging waste recovery; which constitutes a financial cost for companies and • The initiative to identify new businesses that rent an environmental cost for the country. Nonetheless, this rather than purchase equipment, repair, refurbish, study shows that the maximum potential for recovery via and collect surpluses, among others; industrial symbiosis is in excess of 1.1 million tons. • The knowledge to understand these new business models in financial terms, so that investors and By ceasing to be waste and by being recovered, banks can invest and provide loans for these intermediate consumption of other raw materials would activities, which have levels of profitability and be avoided to an estimated value of 165 million euros. share structures that are different from those usually This sum could then be invested in hiring more staff or considered as good business opportunities; in increasing capacity (gross fixed capital formation), which might result in the creation of 1,300 new jobs • A system of incentives and stimuli that encourage and generate 32 million euros of additional gross value economic agents to act in harmony, so that we can added (GVA) in the economy. These figures are estimates actually move from a linear to a circular economy. based on input-output matrices, which summarize the commercial exchanges and flows between the various In view of the fact that the subject of industrial symbiosis economic agents in the country, and clearly point to the is so crucial for companies that are members of the BCSD potential of this commitment to industrial symbiosis. and for the Portuguese economy, and that there is still a huge lack of knowledge about the real economic, social For this potential to be grasped, action has to be take on and environmental potential of industrial symbiosis in various fronts. Consequently, this study also puts forward Portugal, the BCSD Circular Economy and Industrial six recommendations for public policy makers, which we Symbiosis Work Group thought that it would be useful to believe can accelerate the transition towards a circular get the answers to the following questions: What kinds economy. of waste are generated, what kinds of by-products are received, in which areas of the country and in what We would like this study to be seen as an aid towards quantities? With a mapping of this kind, it would then identifying the potential advantages that result be possible to analyze the potential for establishing from industrial symbiosis, so that we can together – symbiosis between companies and the respective impact companies, researchers and public bodies – specify in economic, environmental and social terms. the steps necessary to create a national market in the exchange of by-products. It is against this background that the “Circular Synergies” study has been undertaken. Based on data collected The BCSD Portugal, as an association of companies from 32 companies, which generate 8.3 million tons and that creates value today for a sustainable future and 267 types of waste, the study aims to demonstrate the which brings together companies that play an active role economic, environmental and social impact that might in implementing measures that promote sustainable occur in Portugal if it were possible to increase the level of development, intends to continue to promote the symbiosis between companies. issue of industrial symbiosis in partnership with other associations, companies, universities and public entities. The potential is huge, but there is still a long road to Only by working together will it be possible to create a travel. national market for the exchange of by-products that can CIRCULAR SYNERGIES - CHALLENGES FOR PORTUGAL | be successfully implemented in the marketplace. BCSD Portugal 05 PREFACE JOÃO PEDRO MATOS FERNANDES Minister for the Environment 38 distinct economic activities, and 21 different kinds of waste (water and energy included), totaling 60,225 tons and an average transportation distance of less than 20km, were identified in the Lezíria region. How many tons of Greenhouse Gases did these synergies help to avoid? What consumption of raw materials was avoided as a result? What were the savings made in euros? The circular economy is a key issue for European policy makers and for some European countries, of which Portugal is And it is here that we come up against the main barrier: our one. It is crucial not only because it is an essential factor in business culture. In spite of the bureaucracy, legislation does ensuring the 1.5ºC climate change trajectory to which Portugal not prevent the existence of symbiosis. But many producers committed itself in Paris, but also because, in order to ensure are ignorant of or resist taking advantage of this potential, in the future the level of comfort and access to goods that we because they do not have confidence in the subject matter, have today, we will have to manage materials (and waste is a or because they have difficulty in sharing information to take kind of material) in a very different way than we currently do. advantage of the added value. Regardless of whether we talk of “circular”, “green” or If we look to find the meaning of the word “synergy” in the “sustainable”, there is no doubt that the current model of dictionary, we find the following:“1. Simultaneous action economic development has some serious problems: climate or effort by various organs or muscles; 2. Collective action change, pollution and limited resources. More than sufficient or effort = cooperation”.
Recommended publications
  • Tese Carla Quintas Inclui As Críticas Do Júri Teste1
    A redução de custos face à atual conjuntura de crise: Evidência empírica nas empresas do PSI-20 Carla Marlene Silva Quintas Dissertação apresentada ao Instituto Politécnico de Viana do Castelo para obtenção do Grau de Mestre em Gestão das Organizações, Ramo de Gestão de Empresas Orientada por: Professor Doutor Nuno Domingues Viana do Castelo, fevereiro de 2016 A redução de custos face à atual conjuntura de crise: Evidência empírica nas empresas do PSI-20 Carla Marlene Silva Quintas Orientação: Professor Doutor Nuno Domingues Viana do Castelo, fevereiro de 2016 RESUMO A globalização é um fenómeno inevitável e que afeta todas as organizações. Os concorrentes deixaram de ser as empresas da mesma área geográfica e passaram a ser todas as que, a nível mundial, competem no mesmo mercado. Neste sentido, é inevitável por parte das empresas a procura da melhoria da qualidade do seu produto/serviço e a preços cada vez mais competitivos. Esta discussão não é recente mas torna-se proeminente em função da crise económica e social que se atravessa. A redução dos custos e, principalmente, o aumento dos lucros são necessários a qualquer empresa que tem como principal objetivo a sobrevivência neste mercado global. Deste modo, este estudo incide sobre quais as medidas que as maiores empresas portuguesas (PSI-20, cotadas em 2011) tomaram no sentido de reduzir custos face à atual conjuntura de crise. As conclusões apontam no sentido de todas as empresas analisadas demonstrarem preocupação com a temática, sendo que as medidas tomadas nem sempre são possíveis de apurar. As medidas relacionadas com os custos com pessoal são utilizadas por diversas empresas mas possuem várias nuances : redimensionamento do quadro de colaboradores, anulação/corte de remuneração variável, contenção de aumentos salariais, reconversão de quadros, formação, renegociação/reestruturação de seguros de saúde e corte nas horas extraordinárias.
    [Show full text]
  • View Annual Report
    ˆ200F#CY9JHSYmdyG&Š 200F#CY9JHSYmdyG& VDI-W7-PFL-0337 OI S.A. Donnelley Financial12.6.29 LSWpintd0bz15-May-2018 20:02 EST 583119 FS 1 5* FORM 20-F RIO HTM ESS 0C Page 1 of 2 As filed with the Securities and Exchange Commission on May 16, 2018 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEARS ENDED DECEMBER 31, 2017 AND DECEMBER 31, 2016 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-15256 Oi S.A. – In Judicial Reorganization (Exact Name of Registrant as Specified in Its Charter) N/A The Federative Republic of Brazil (Translation of Registrant’s Name into English) (Jurisdiction of Incorporation or Organization) Rua Humberto de Campos, 425 Leblon, Rio de Janeiro, RJ, Brazil 22430-190 (Address of Principal Executive Offices) Carlos Augusto Machado Pereira de Almeida Brandão Investor Relations Officer Rua Humberto de Campos, 425 8º andar Leblon, Rio de Janeiro, RJ, Brazil 22430-190 Tel: +55 21 3131-2918 [email protected] (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to section 12(b) of the Act: Title of Each Class Name of Each Exchange on which Registered Common Shares, without par value, each represented by New York Stock Exchange American Depositary Shares Securities registered or to be registered pursuant to Section 12(g) of the Act: Preferred Shares, without par value, each represented by American Depositary Shares Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None The total number of issued and outstanding shares of each class of stock of Oi S.A.
    [Show full text]
  • Banco BPI 1.º Semestre De 2017”
    This document is a translation from the Portuguese original “Relatório e Contas Banco BPI 1.º semestre de 2017”. In the event of any inconsistency the Portuguese version shall prevail. BANCO BPI 1st half 2017 Public held company Registered in Oporto C.R.C. and tax identification under the sole number 501 214 534 Headquarters: Rua Tenente Valadim, n.º 284, 4100-476 Porto, PORTUGAL Share Capital: EUR 1 293 063 324.98 Registered in Oporto C.R.C. and tax identification under the sole number 501 214 534 This page was intentionally left blank. 2009 Report and Accounts| Management report 2 Index REPORT Leading business indicators 4 Summary of first half 2017 results 5 Financial structure and business 6 Governing bodies 7 Human resources 8 Distribution channels 9 Background to operations 10 Financial review 13 Rating 36 Banco BPI Shares 37 Annex - Recommendations from Bank of Portugal 38 Annex - Alternative Performance Indicators 40 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES 43 Consolidated financial statements 44 Notes to the consolidated financial statements 49 Statement 236 Audit report prepared by an auditor registered at the Portuguese Securities Market 237 Commission (CMVM) Banco BPI | Report and Accounts 1st half 2017 3 Leading business indicators (Figures in millions of euros, except where indicated otherwise) 1st half 17, excl. 1st half 16 Results and profitability 1st half 17 non-recurring 1 pro forma Net profit 187.8 (101.7) 105.9 Net profit per share (euros) 0,129 (0,070) 0,073 Weighted average number of shares (in millions) 1,455.7
    [Show full text]
  • Altri SGPS SA
    COLEGIO UNIVERSITARIO DE ESTUDIOS FINANCIEROS GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESAS Trabajo Fin de GRADO ANÁLISIS DE DATOS FINANCIEROS ALTRI SGPS S.A. Autor: Hernández López-Sors, Gonzalo Tutor: Queralt Sánchez de las Matas, Ricardo Gracia Díez, Mercedes Madrid, abril de 2019 ÍNDICE 1. Introducción y objetivo del trabajo ………………………………………………………………… 3 2. ALTRI SGPS S.A. 2.1 Descripción de la compañía………………………………………………………………………. 3 2.2 Historia ……………………..………………………………………………………………..……......... 5 2.3 Análisis financiero …………………………………………………………………………..………… 8 2.4 Resumen estados financieros ……………………………………………………………….… 11 2.5 Estructura del accionariado ………………………………………………………….………… 12 3. Análisis descriptivo de los datos …………………………………………………………..………. 12 4. Análisis estadístico de los datos 4.1 Tasas de variación …………………………………………………………………….……………. 15 4.2 Estadística descriptiva ……………………………………………..………………..…………… 17 5. Contrastes de hipótesis 5.1 El efecto de la crisis mundial de 2008 …………..………………………………………… 20 5.2 Inversión en el activo o en el mercado ……………………………………………………. 22 5.3 El efecto de la crisis financiera en Portugal (2010-2014) ..…….………………… 23 5.4 El efecto psicológico del split ……………………………………………………….…………. 24 6. El modelo CAPM 6.1 Estimación por el método MCO ……………………………………………………………… 26 6.2 Estimación por el método NW ………………………………………………………….……. 30 6.3 Hipótesis econométricas ……………………………………………………………..…………. 31 7. Conclusiones ……………………………………………………………………………………….……….. 33 8. Bibliografía ………………………………………………………………………………..…………………. 34 9. Apéndice 9.1 Anexo I: Índice de gráficos y tablas …………………………………………….………..… 36 9.2 Anexo II: Estadística descriptiva ……………………………………………………………... 38 9.3 Anexo III: Contrastes de hipótesis …………………………………………….………….… 39 9.4 Anexo IV: Econometría ………………………………………………………………….…..…… 40 2 1. INTRODUCCIÓN Y OBJETIVO DEL TRABAJO El objetivo principal de este trabajo es la realización de un extenso análisis de la empresa portuguesa Altri; una de las principales compañías cotizadas en el índice más importante de Portugal, el PSI20 (Portuguese Stock Index).
    [Show full text]
  • Efficiency in Stock Markets with DEA: Evidence from PSI20
    861 Int. J Latest Trends Fin. Eco. Sc. Vol‐5 No. 1 March, 2015 Efficiency in Stock Markets with DEA: Evidence from PSI20 Nuno Ferreira#1, Adriano Mendonça Souza*2 # Department of Quantitative Methods, IBS-ISCTE Business School, ISCTE Avenida das Forças Armadas, Lisboa, Portugal [email protected] * Department of Statistics, Federal University of Santa Maria Roraima Avenue, 100, Santa Maria, RS state, Brazil [email protected] Abstract - After the US subprime crisis, the first signs of economic efficiency, and technical efficiency. a sovereign debt crisis spread among European Whereas technical efficiency requires only input and financial players. The regulation of the markets by output data, economic efficiency also requires price European Commission and European Central Bank data. The simplest way to differentiate productive and created limitation to obtained great amount of liquidity technical efficiency is to think of productive in commercial banking sector. In this context, the efficiency in terms of cost minimization by adjusting successful survival of some European banks became in a dangerous situation. The present study try to explore the mix of inputs, whereas technical efficiency is the crisis occurred in one of the largest private output maximization from a given mix of inputs. Portuguese banks through the analysis of the efficiency In literature, a large number of papers is based on levels of twenty largest enterprises of the PSI20 since an essentially nonparametric, programming approach 1993. The input variables chosen were market value to analysis of observed outcomes. In fact, the Data and return in a Data Envelopment Analysis model. Envelopment Analysis (DEA) is by far the most used Consistent with earlier studies, the results show methodology to measure efficiency.
    [Show full text]
  • Download Economic Battle Plan
    [Economic patriot score: 85) EP13 5G, The next economic boom URGENT: AMERICA MUST WIN THE 5G WAR We are in a battle with China for high tech and who will be the superpower for the 21st century. The key driver in the race is whoever controls the dominant platform for 5G wireless, or Fifth-Generation telecommunications. The future is dependent on 5G. Whoever establishes the dominant 5G platform infrastructure will determine not only how technology transfers information, but who has access to the system. Imagine the impact on Defense systems, utility grids, intellectual property, and the Internet of Things. China has been working aggressively to build the infrastructure and finance 5G for countries around the world. America is behind, but hopefully now waking up to this threat. This is a major national security and economic challenge that needs America’s attention now! page 1 [Economic patriot score: 85) EP13 5G, The next economic boom 5G is not an incremental change in communications, it is a giant leap. It is up to 100 times faster and a denser available network than 4G. It will revolutionize products and infrastructure for the next 30 years. YOUR MISSION: To understand the potential of 5G and the threat that exists if the primary infrastructure is made in China. Contact your representatives and ensure they are putting pressure on allies that they need to develop a better plan for 5G than one made in China. Look now for investment opportunities with the 5G economic revolution. “Through the ‘made in China 2025’ plan, the Chinese communist party has set it’s sites on controlling 90 percent of the worlds most advanced industries, including robotics, bio technology, and artificial intelligence including 5G.” –Mike Pence, Vice-President of the United States page 2 [Economic patriot score: 85) EP13 5G, The next economic boom (OSINT)– Open Sourced Intelligence Briefing Open Sourced Intelligence Briefing - Kevin Freeman, CFA and Declan Ganley.
    [Show full text]
  • Retirement Funds June 30, 2012 Description % of Shares Owned
    Retirement Funds June 30, 2012 Description % of Shares Owned BARCLAYS LOW CAP PRINCIPAL CAS 0.000000% BLACKROCK FEDFUND(30) 0.440244% BLACKROCK TEMPCASH-FUND(21) 0.000000% BLACKROCK TEMPCASH-FUND(21) 0.000486% BLACKROCK TEMPCASH-FUND(21) 0.000485% BLACKROCK TEMPCASH-FUND(21) 0.008246% BLACKROCK TEMPCASH-FUND(21) 0.006791% BLACKROCK TEMPCASH-FUND(21) 0.005165% BLACKROCK TEMPCASH-FUND(21) 0.006043% BLACKROCK TEMPCASH-FUND(21) 0.004035% BLACKROCK TEMPCASH-FUND(21) 0.035990% BLACKROCK TEMPCASH-FUND(21) 0.020497% BLACKROCK TEMPCASH-FUND(21) 0.023343% BLACKROCK TEMPCASH-FUND(21) 0.008326% BLACKROCK TEMPCASH-FUND(21) 0.000781% BLACKROCK TEMPCASH-FUND(21) 0.004848% BLACKROCK TEMPCASH-FUND(21) 0.022593% BLACKROCK TEMPCASH-FUND(21) 0.000646% BLACKROCK TEMPCASH-FUND(21) 1.307615% BLACKROCK TEMPCASH-FUND(21) 0.214356% BLACKROCK TEMPCASH-FUND(21) 0.001147% BLACKROCK TEMPCASH-FUND(21) 0.024810% BLACKROCK TEMPCASH-FUND(21) 0.009406% BLACKROCK TEMPCASH-FUND(21) 0.018922% BLACKROCK TEMPCASH-FUND(21) 0.030062% BLACKROCK TEMPCASH-FUND(21) 0.010464% BLACKROCK TEMPCASH-FUND(21) 0.004697% BLACKROCK TEMPCASH-FUND(21) 0.001179% BLACKROCK TEMPCASH-FUND(21) 0.007266% BLACKROCK TEMPCASH-FUND(21) 0.000112% BLACKROCK TEMPCASH-FUND(21) 0.008062% BLACKROCK TEMPCASH-FUND(21) 0.011657% CASH COLLATERAL AT BR TRUST 0.000001% CASH COLLATERAL AT BR TRUST 0.000584% EOD STIF 0.024153% MONEY MARKET FD FOR EBT 0.000000% US DOLLAR CASH 0.008786% United States-Dollar 0.000000% United States-Dollar 0.000003% United States-Dollar 0.000019% United States-Dollar 0.000003% United States-Dollar
    [Show full text]
  • Annual Report
    Annual Proposal Report 2019 Let’s continue working for a better world #TheRightWay santander.pt SantanderSantander Totta SGPS, Totta, SA SGPS 1 Santander Totta, SGPS, SA Table of Indicators 3 Message from the Chief Executive Officer 4 Customers and Distribution Network 5 Corporate culture, awards, distinctions and other 7 relevant facts in 2019 Sustainability policy 14 Activity and Results Business Framework 18 Major risks and uncertainties for 2020 24 Business Areas 25 Business support areas 30 Economic and financial information 34 Relevant facts after the close of the period and the 41 outlook for 2020 Risk Management 43 Credit, and counterparty risk 44 Balance-sheet risk 46 This report was approved by the Market risk 47 Operational risk 48 Board of Directors on April 21, Compliance and reputation risk 49 2020 Proposal for the Appropriation of Net Income 51 Additional Information 52 Corporate Governance Report 56 Financial statements, notes to the accounts and reports and opinions Consolidated financial statements 61 Notes to the consolidated financial statements 66 Reports and opinions on the consolidated business 227 Santander Totta, SGPS, SA Rua do Ouro, 88 – 1100-063 Lisbon Share Capital: €1,972,962,079.58 Registered at the Lisbon Registry of Companies under number single registration and VAT number 507 096 851 SantanderLEI: 5493005RLLC1P7VSVC58. Totta SGPS, SA 2 TABLE OF INDICATORS BALANCE SHEET AND RESULTS (million euro) 2019 2018 Var. Total Net Assets 56,083 55,028 +1.9% Loans and advances to customers (net) 1 39,349 39,644 -0.7% Customers' Resources 42,420 39,980 +6.1% Total shareholders' equity 4,264 4,172 +2.2% Net Interest Income 855.7 866.3 -1.2% Net Fees and Other Income 381.0 382.9 -0.5% Net Income from Banking Activities 1,344.5 1,259.5 +6.8% Net Operating Income 740.0 633.5 +16.8% Income before taxes and non-controlling interests* 739.8 673.8 +9.8% Consolidated net income attributable to the shareholders of ST, SGPS 527.3 500.0 +5.5% RATIOS 2019 2018 Var.
    [Show full text]
  • Copper Switch-Off European Experience and Practical Considerations
    WIK-Consult • White paper Copper switch-off European experience and practical considerations for FTTH Council Europe by WIK-Consult GmbH Rhöndorfer Str. 68 53604 Bad Honnef Germany Ilsa Godlovitch Peter Kroon 30 November 2020 Copper switch-off 1 Contents List of figures 2 List of tables 2 Executive summary 3 1 Introduction 6 2 Progress towards copper and PSTN switch-off 7 2.1 What do we mean by copper switch-off? 7 2.2 Progress towards copper switch-off 8 2.2.1 The Estonian case 11 2.2.2 The Swedish case 13 2.2.3 The Spanish case 14 2.2.4 The Portuguese case 16 2.2.5 Other countries 18 2.3 PSTN switch-off 18 2.4 Europe’s progress compared with elsewhere 22 3 Benefits and challenges 24 3.1 Benefits to operators, consumers and society at large 24 3.1.1 Benefits to operators 24 3.1.2 Benefits to consumers 27 3.1.3 Benefits to the economy, society and the environment 28 3.2 Challenges and solutions 29 3.2.1 Limited incentives for the incumbent to invest in or access FTTH 30 3.2.2 Reluctance of access seekers to switch 33 3.2.3 Customer reluctance / Legacy equipment 37 3.2.4 Regulatory barriers to migration 40 4 Conclusions and recommendations 44 List of figures Figure 1 Proposed phasing out of Openreach copper-based services in the UK 9 Figure 2 Network simplification approach Portugal Telecom 17 Figure 4 Stated benefits of FTTH in Sweden 27 Figure 5 Increased usage of online services by FTTH subscribers in Sweden 28 List of tables Table 1 Status copper switch-off (% copper exchanges) 9 Table 2 Planned replacement technologies for copper
    [Show full text]
  • 30Th September, 2020
    MANAGERIAL ACTION AS A RESULT OF THE IMPACT OF COVID - 19 30th September, 2020 I FOREWORD ........................................................................................................................ 9 II IDENTIFIED PATTERNS ......................................................................................................... 9 III COUNTRIES AND EUROPEAN INSTITUTIONS ............................................................................ 13 1. GENERAL .......................................................................................................................... 13 2. BRAZIL ............................................................................................................................ 14 3. CHINA ............................................................................................................................. 14 4. EUROPEAN CENTRAL BANK ..................................................................................................... 14 5. EUROPEAN STABILITY MECHANISM ............................................................................................ 14 6. EUROPEAN UNION ............................................................................................................... 15 7. FRANCE ............................................................................................................................ 15 8. GERMANY ......................................................................................................................... 16 9. ITALY .............................................................................................................................
    [Show full text]
  • The 5G Conundrum Amid Geopolitics and Security in Europe
    The 5G conundrum amid geopolitics and security in Europe Corina Lozovan Working Paper 04/2021 Research Group in International Relations, Security and Defence CIEP – Centro de Investigação do Instituto de Estudos Políticos Palma de Cima, 1649-023 Lisboa | +351 217214129 | [email protected] https://iep.lisboa.ucp.pt/pt-pt/ciep-working-papers Draft not for publication Resumo1 A rede 5G é a nova geração de rede sem fio, representando uma evolução na revolução digital. Embora possa trazer enormes benefícios para as empresas e os consumidores, esta rede é conotada como uma infraestrutura crítica, tornando-se um dos campos de competição mais significativos entre as potências globais. Portanto, o 5G deve ser visto no contexto geopolítico causado pela ascensão da China, que almeja tornar-se um líder global em tecnologia. Este artigo visa compreender os principais desafios do debate 5G, focando-se no processo de implementação da rede 5G na União Europeia. A primeira parte do artigo debruça-se sobre a estratégia divergente 5G da Huawei numa Europa fragmentada. O debate atual sobre o 5G determinará a aliança da Europa com os Estados Unidos e a sua relação com a China. A segunda parte do artigo incide sobre o processo de implementação da rede 5G em Portugal, um membro da União Europeia que ainda coopera com a Huawei. A última parte do artigo considera as implicações geopolíticas e de segurança em ter uma rede 5G dominada pela Huawei. Palavras-chave: 5G; Huawei; Europa; China; Estados Unidos; geopolítica; segurança; sociedades digitais; Portugal; competição; autonomia estratégica; domínio tecnológico. Abstract The 5G network is the latest generation of wireless technology, representing an upgrade in the digital revolution.
    [Show full text]
  • MEO Lança BOMSOM TV Em Parceria Com O Cantor Anselmo Ralph
    2021/06/08 MEO lança BOMSOM TV em parceria com o cantor Anselmo Ralph O MEO, marca do segmento de consumo da Altice Portugal, lança em exclusivo o BOMSOM TV, o novo canal de TV dedicado à música africana, 100% em português, que conta com o apoio do cantor Anselmo Ralph. Disponível na posição 142 da grelha MEO para todos os clientes com o pack extra de canais, o BOMSOM TV propõe-se a desafiar os amantes da música com blocos de programação própria, com destaque para Kizomba Show, Lolipo ou Novidades. Vários dos conteúdos serão transmitidos a partir de Portugal e Angola, havendo também espaço para a cobertura de eventos musicais internacionais, em direto e diferido. Ao longo do verão, a programação do canal vai sendo progressivamente enriquecida para corresponder às novidades musicais que marcarão a temporada. «É com enorme orgulho que vejo mais um sonho tornado realidade. É a partir deste momento que a música Africana ganha uma voz mais ativa no país que tão bem nos tem recebido. Serão garantidas muita diversão e diversidade na nossa emissão diária», refere o cantor Anselmo Ralph. De acordo com João Epifânio, Chief Sales Officer B2C da Altice Portugal, «em linha com a estratégia da Altice Portugal para promoção e proteção da língua portuguesa, é com enorme orgulho que lançamos mais um projeto para dar palco aos artistas lusófonos, permitindo aos amantes da música acederem, através da TV do MEO, a conteúdos com a qualidade garantida pelos parceiros BOMSOM e a Creative Channels». Márcio Lourenço, CEO da Creative Channels, revela que «acima de tudo, queremos agradecer toda a confiança que o MEO voltou a colocar na nossa equipa, vindo este projeto fortalecer a parceria entre as duas empresas.
    [Show full text]