SINGAPORE, April 22, 2025 /PRNewswire/ -- Banyan Group ("Banyan Tree Holdings Limited" or the "Group" – SGX: B58), a leader in sustainable hospitality, unveils its 2024 Sustainability Report—One Banyan, One Sustainable Future. The 19th edition reports on the Group's advancements in driving action and impact across key environmental, social, and economic dimensions, reaffirming sustainability as a core foundation of its business.
Guided by its founding mission of 'Embracing the Environment, Empowering People' and the belief that travel can be a force for good, the Group's key progress in 2024 include:
"Sustainability is a cornerstone of Banyan Group's purpose, and our journey will continue to evolve as we look to scale increasingly impactful practices in the upcoming years—with more ambitious climate action, deeper community engagement, and greater support for our associates to take action," said Ho Ren Yung, Deputy Chief Executive Officer, Banyan Group.
"To achieve this, we have introduced key performance metrics aligned with our identified material issues for all senior level associates in front-line and corporate roles, empowering them to champion our ambitions. As we track our progress in 2025, we will further refine our associates' roles to more meaningfully support the integration of responsible practices across our operations," she added.
To learn more about Banyan Group's approach, actions, and journey in addressing material sustainability impacts, visit: Our Mission. To read the full report, visit: 2024 Sustainability Report
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ABOUT BANYAN GROUP
Banyan Group ("Banyan Tree Holdings Limited" or the "Group" - SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans over 90 hotels and resorts, more than 140 spas and galleries, and 20 plus branded residences in over 20 countries. Comprising 12 global brands, including the flagship brand Banyan Tree, each distinct yet united under the experiential membership programme withBanyan. The founding ethos of "Embracing the Environment, Empowering People" is embodied through the Banyan Global Foundation and Banyan Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Banyan Group Publishes 2024 Sustainability Report
Final Step to Achieving "Dream OLED"
SEOUL, South Korea, May 1, 2025 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it has become the world's first company to successfully verify the commercialization-level performance of blue phosphorescent OLED panels on a mass production line. The achievement comes about eight months after the company partnered with UDC to develop blue phosphorescence, and is considered a significant step closer to realizing a "dream OLED" display.
In the display industry, "dream OLED" refers to an OLED panel that achieves phosphorescence for all three primary colors of light (red, green, and blue). OLED panel light emission methods are broadly categorized into fluorescence and phosphorescence. Fluorescence is a simpler process in which materials emit light immediately upon receiving electrical energy, but its luminous efficiency is only 25%. In contrast, phosphorescence briefly stores received electrical energy before emitting light. Although it is technically more complex, this method offers luminous efficiency of 100% and uses a quarter as much power as fluorescence.
However, achieving blue phosphorescence has remained a major challenge even more than 20 years after the commercialization of red and green phosphorescence. This is due to blue, among the three primary colors, having the shortest wavelength and demanding the greatest energy.
LG Display has solved this issue by using a hybrid two-stack Tandem OLED structure, with blue fluorescence in the lower stack and blue phosphorescence in the upper stack. By combining the stability of fluorescence with the lower power consumption of phosphorescence, it consumes about 15% less power while maintaining a similar level of stability to existing OLED panels.
In particular, LG Display is the first to succeed in reaching the commercialization stage of blue phosphorescent OLED panels, where performance evaluation, optical characteristics, and processability on actual mass production lines should all be confirmed. The company has already completed commercialization verification with UDC.
LG Display has independently filed patents for its hybrid blue phosphorescent OLED technology in both South Korea and the United States.
The company will showcase a blue phosphorescent OLED panel featuring two-stack Tandem technology at SID Display Week 2025, the world's largest display event, in San Jose, California from May 11th (local time).
At the show, LG Display will be unveiling a blue phosphorescent OLED panel featuring two-stack Tandem technology applied to a small and medium-sized panel that can be applied to IT devices such as smartphones and tablets. As more and more products require high definition and high efficiency such as AI PCs and AR/VR devices, the application of blue phosphorescence technology is expected to expand rapidly.
"The successful commercialization of blue phosphorescence technology, which has been called the final piece of the 'dream OLED' puzzle, will become an innovative milestone towards the next generation of OLED," said Soo-young Yoon, CTO and Executive Vice President of LG Display. "We expect to secure a leading position in the future display market through blue phosphorescence technology."
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.
Media Contact:
Joo Yeon Jennifer Ha, Manager, Communication Team
Email: hjy05@lgdisplay.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
LG Display Becomes World's First to Verify Commercialization of Blue Phosphorescent OLED Panels
