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Allcargo Group releases 2022-23 ESG Report, defines ESG goals

Allcargo Group, Indian-born global logistics conglomerate, has released its Environmental, Social, and Governance (ESG) 2022-2023 report with the theme  'Navigating the Green Horizon .' The report highlights the Group’s commitment to achieve carbon neutrality by 2040 through its green and renewable ways. It has also spelt out in detail the Group’s ESG goals which include energy and emissions, occupational health and safety, diversity, equity, and inclusion (DEI), community development, labour practices and human rights, cybersecurity, and corporate governance.

Commenting on the launch of the ESG report,  Shashi Kiran Shetty, Founder & Chairman, Allcargo Group  said,  “I am pleased to present our 2022-2023 Environmental, Social, and Governance (ESG) report. I firmly believe that t rue progress is never about profit alone. It’s about what good it can do for people and the planet. This is why integrating Environmental, Social, and Governance aspects into business practices is so important, now more than ever.   The report signals our  transformative journey towards sustainability viz Environment (Energy, Emissions, Biodiversity), Social (Occupational Health and Safety, Community Development, Labour Practice and Human Rights, Diversity, Equity, and Inclusion) and Governance (Sustainable Supply Chain, Customer Satisfaction, Corporate Governance, and Cybersecurity). Being a global logistics conglomerate reaching out to over 180 countries, 530 destinations with more than 2400 direct trade lanes and our robust multimodal capacity in India which reaches out to over 19,800 pin codes, we have a bigger responsibility and commitment to drive sustainability at a larger scale. In line with the United Nations’ Sustainable Development Goals (SDGs), we’ll continue with our concerted efforts to bring in positive changes and achieve the ESG goals. Allcargo Group provides integrated logistics services and solutions for a range of Indian and Multinational businesses, small and medium-sized enterprises (SMEs), and retailers. These solutions are available pan India, round the clock through offices and distribution networks that reach every corner of the country.’’

India is working on to achieve its net zero emission targets by 2070 and working towards attaining 45% reduction in emissions intensity of GDP by 2030 from the 2005 level. The ESG efforts are aligned with those broader goals.

Key highlights:

·      Allcargo Group has been working relentlessly towards its ESG initiatives. The group is intensifying its efforts to achieve carbon neutrality by 2040.

Allcargo Group Company, Gati, is aggressively adopting green mobility through alternate fuel vehicles. It has expanded the scale of its eco-conscious operations to enable more businesses to go green. Gati has set a clear target of 2026 to convert its entire first and last mile deliveries to alternative fuels in India.

• Allcargo Group prioritizes collaboration with carriers whose fleets are equipped with environmental technologies compliant with international standards to ensure responsible shipping.

Social impact:  The Pradhan Mantri Kaushal Kendra (PMKK) under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) at Uran and Belapur in Maharashtra are mentoring the local youth with logistics related skills, thereby enhancing their employability in India and outside. The Group aims to expand the pool of well-trained young professionals for the logistics sector.

·      Through its community development initiatives, Allcargo Group is contributing to the United Nations Sustainable Development Goals of Good Health and Well-being (3), Quality Education (4), Sustainable Cities and Communities (11) and Life Below Water (14).

·       Committed to Corporate Governance:  The Allcargo Group targets to ‘maintain zero instances of non-compliance with regulatory requirements year-on-year.’

·      ECU Worldwide, an Allcargo Group Company, 56% of the workforce comprises women. Allcargo Logistics and ECU aims to increase gender diversity to 50% women in junior and middle management and 40% in top management, at Allcargo Logistics by 2040. At Gati, the goal is to grow gender diversity to 40% in junior and middle management and 30% in top management by 2040.

·      ECU Worldwide’s cutting-edge digital platform ECU360 will play an important role by optimizing end-to-end shipping transactions and making it more feasible to implement sustainability measures. Example, 80 percent online booking to reduce paperwork

·      A key area of the Group’s strategic ESG approach, involves computing emissions based on the Greenhouse Gas (GHG) Protocol: A Corporate Accounting and Reporting Standard (Revised Edition) (2015) with Global Logistics Emissions Council (GLEC) Framework, and identifying ways to mitigate them.

Collaboration among multiple entities:  The Group prioritizes its partnerships with core carriers who comply with international conventions to perform pest control and install ballast water treatment systems, under the Ballast Water Management Convention (BWMC), which obligates ship-owners to install on all vessels by 2024.

To read Allcargo Group’s complete ESG report, please click  here

Allcargo, along with its subsidiaries and group companies, offers an extensive range of services in international supply chain solutions, which include less than container load (LCL) and Full Container Load (FCL), airfreight, trucking, and door-to-door services. For the domestic market, the Group offers services of express logistics, contract logistics, and supply chain management.

About Allcargo Group

Allcargo Group is an Indian-born Global Logistics Conglomerate having revenues of over USD 2.6 billion and is headquartered in Mumbai (India), with operations across 180 countries. Backed by over three decades of experience, the group is a global leader in LCL consolidation and is one of India’s largest integrated logistics services providers. Allcargo Logistics Limited (BSE: 532749) (NSE: ALLCARGO), Gati Limited (NSE: GATI) and ECU Worldwide are the companies operating under Allcargo Group. With a focus on customer centricity and a digital-first approach, the group offers solutions across the international supply chain, express distribution, CFS-ICD, domestic and international Air Freight, Contract Logistics, and Logistics parks through its digital platforms like ECU360, myCFS, Gati Genie, etc. The group stays true to its strong commitment to adhere to Environmental, Social, and Governance (ESG) standards.

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Steering Committee Co-Directors

Ray Perrault

Steering committee members.

Erik Brynjolfsson

John Etchemendy

Katrina Ligett

Terah Lyons

James Manyika

Juan Carlos Niebles

Vanessa Parli

Yoav Shoham

Russell Wald

Staff members.

Loredana Fattorini

Nestor Maslej

Letter from the co-directors.

AI has moved into its era of deployment; throughout 2022 and the beginning of 2023, new large-scale AI models have been released every month. These models, such as ChatGPT, Stable Diffusion, Whisper, and DALL-E 2, are capable of an increasingly broad range of tasks, from text manipulation and analysis, to image generation, to unprecedentedly good speech recognition. These systems demonstrate capabilities in question answering, and the generation of text, image, and code unimagined a decade ago, and they outperform the state of the art on many benchmarks, old and new. However, they are prone to hallucination, routinely biased, and can be tricked into serving nefarious aims, highlighting the complicated ethical challenges associated with their deployment.

Although 2022 was the first year in a decade where private AI investment decreased, AI is still a topic of great interest to policymakers, industry leaders, researchers, and the public. Policymakers are talking about AI more than ever before. Industry leaders that have integrated AI into their businesses are seeing tangible cost and revenue benefits. The number of AI publications and collaborations continues to increase. And the public is forming sharper opinions about AI and which elements they like or dislike.

AI will continue to improve and, as such, become a greater part of all our lives. Given the increased presence of this technology and its potential for massive disruption, we should all begin thinking more critically about how exactly we want AI to be developed and deployed. We should also ask questions about who is deploying it—as our analysis shows, AI is increasingly defined by the actions of a small set of private sector actors, rather than a broader range of societal actors. This year’s AI Index paints a picture of where we are so far with AI, in order to highlight what might await us in the future.

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Computer Science > Computation and Language

Title: realm: reference resolution as language modeling.

Abstract: Reference resolution is an important problem, one that is essential to understand and successfully handle context of different kinds. This context includes both previous turns and context that pertains to non-conversational entities, such as entities on the user's screen or those running in the background. While LLMs have been shown to be extremely powerful for a variety of tasks, their use in reference resolution, particularly for non-conversational entities, remains underutilized. This paper demonstrates how LLMs can be used to create an extremely effective system to resolve references of various types, by showing how reference resolution can be converted into a language modeling problem, despite involving forms of entities like those on screen that are not traditionally conducive to being reduced to a text-only modality. We demonstrate large improvements over an existing system with similar functionality across different types of references, with our smallest model obtaining absolute gains of over 5% for on-screen references. We also benchmark against GPT-3.5 and GPT-4, with our smallest model achieving performance comparable to that of GPT-4, and our larger models substantially outperforming it.

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• ALLCARGO LOGISTICS LTD.
• SECTOR : TRANSPORTATION
• INDUSTRY : TRANSPORTATION - LOGISTICS

Allcargo Logistics Ltd.

NSE: ALLCARGO | BSE: 532749

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