At Canada China Business Council’s Forum on November 15, 2024, CCBC announced the winners of the 9th Canada China Business Excellence Awards. The Awards, chosen by an independent panel of judges, recognize organizations from CCBC’s membership that take a leading and innovative role in expanding and nurturing bilateral business relationships. The successful stories of our award winners provide inspiration to other companies, helping to encourage more successful trade and investment between Canada and China. The awards include:
- Canada Wood Group’s Haiyan ZHANG won Gold in Women in Leadership: This award recognizes female executives or leaders who have made a consequential impact on a company or institution’s success in or with China.
- Canada Wood Group won Silver in Benefit to Canada: The average Canadian is unaware of the economic benefit that Canadian exports to China bring to Canadians. This award recognizes companies who have achieved business results from exporting Canadian goods and/or services to China
Vietnam’s wood processing and export industry is on track to surpass its 2024 export target of 15.2 billion USD, navigating through complicated market developments with strategic adaptability. Statistics from the General Department of Vietnam Customs showed that Vietnam’s wood export turnover in the first 11 months of 2024 was estimated at over 14.6 billion USD. Industry experts said seeing the market’s robust recovery signs, enterprises have proactively outlined production plans and sought new markets. According to Vice Chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City Nguyen Chanh Phuong, the US now accounts for 54% of the Vietnamese wood exports. …Chairman of the Binh Duong Furniture Association Nguyen Liem highlighted the efforts of local firms to bolster shipments, including making innovative product designs that are attracting international customers and pivoting to e-commerce channels, demonstrating flexibility in their sales strategies. 

Non-profit organisation Two Sides is calling on organisations to remove or change misleading statements that it labels as ‘greenwashing’. …According to the organisation, economic pressures have caused companies which have previously relied on paper for customer communication to shift from traditional paper-based services to digital platforms, in order to cut costs. Alongside this transition, many companies have made environmental marketing claims such as “Go Green – Go Paperless” or “Choose e-billing and help save a tree.” But according to Two Sides, these claims are misleading, and are clear examples of greenwashing. …Two Sides has challenged over 2,800 organisations communicating these greenwashing messages to their customers, resulting in more than 1,260 changing or removing statements. …“Far from ‘saving trees,’ a healthy market for forest products and paper encourages the long-term growth of forests through sustainable forest management.”
A founding member of the Forest Stewardship Council (FSC) has called on the green credentials body to “immediately terminate” sustainability certificates for Canada’s largest forestry company. The
JAKARTA, Indonesia — A South Korean National Assembly member has called for a moratorium on wood pellet imports from Indonesia and an investigation into their environmental impacts after government data and satellite analysis linked the country’s biomass imports to deforestation in Indonesia. …Many coal-fired power plants can be easily modified to burn it alongside coal to make energy. …Experts including the IEA say it’s important for that demand to happen in a sustainable way, such as using waste and crop residue rather than converting forest land to grow bioenergy crops. In South Korea, bioenergy has grown to become the second-largest source of renewable energy and over 80% of its main raw material — energy-dense wood pellets — is dependent on imports. …The Korea Forest Service also told AP it had confirmed that Indonesia wood pellets were produced via legal tree-cut procedures in the country.
The record low was followed by the symbolic end to coal-fired power generation in Britain with the closure of Ratcliffe-on-Soar power station, making the UK the first major economy to phase out coal power completely. Despite the UK leading the way in decarbonisation among the G7, the report shows that significant challenges remain in decarbonising the power sector, including the needs to phase out natural gas, invest in grid infrastructure, and address rising balancing costs. The findings have been released in the latest instalment of the quarterly Drax Electric Insights report. The publication is an independent report by academics from Imperial College London commissioned by Drax through Imperial Consultants.