EU REEVALUE Project Launches Online Tool to Improve Business Energy Consumption

The Energy and Water Agency and the Malta Business Bureau have announced the launch of an online tool to help businesses track energy consumption and identify opportunities for improvement. 

As part of the EU-funded REEVALUE project, the tool supports companies in enhancing resource efficiency and sustainability. Additionally, it provides guidance on local funding opportunities to help businesses invest in energy-saving initiatives.

The REEVALUE online tool may be accessed here.

Benefits of using the tool include:

  • Regularly track energy consumption according to activity.
  • Access tailored recommendations for energy consumption improvement.
  • Tap into funding opportunities for energy measures.
  • Compare energy performance to previous data entries.

Commenting on the launch, EWA CPO Charles Buttigieg:

‘’At the Energy and Water Agency, we are committed to supporting businesses in improving their energy efficiency by providing practical tools and expert guidance through REEValue. The launch of the REEValue online tool marks a significant step in helping businesses understand their energy consumption patterns, identify opportunities for improvement, and access tailored recommendations to enhance efficiency. By integrating this tool into their operations, businesses can make informed decisions that lead to cost savings, improved sustainability, and a stronger competitive position. Additionally, by highlighting relevant funding opportunities, we are ensuring that businesses have the necessary support to invest in energy-saving measures. Through collaboration and innovation, we aim to create a lasting impact on the business community, encouraging a proactive approach to energy management that aligns with national and EU climate goals’’.

Commenting on the launch, MBB CEO Mario Xuereb said:

“As an important partner in this project, the MBB supports Maltese businesses by facilitating access to technical expertise from across Europe and networking opportunities with like-minded businesses. This is part of our commitment to bridge the gap between EU goals and business reality. Ultimately, improved energy performance will not only lead to emission savings, but also an improved bottom line”.

The REEVALUE project is an EU LIFE-funded initiative which aims to promote energy efficiency and renewable energy generation within the food and beverage value chain, including its logistics services. This is being achieved through technical support towards businesses, identifying funding opportunities, and best practice exchange.

By leveraging digital solutions, REEVALUE aligns with the EU’s push for a circular economy, lower emissions, and stronger industrial resilience. As environmental regulations and market expectations evolve, businesses that actively manage resources gain a competitive edge. 

This aligns with the EU Green Deal, which aims to make Europe climate-neutral by 2050, and the Fit for 55 package, which sets ambitious targets to cut emissions by at least 55% by 2030. 

The REEVALUE project brings together a diverse consortium of partners from across Europe, including the Energy and Water Agency (EWA – Malta, Lead) the Malta Business Bureau, the Centre for Renewable Energy Sources and Saving Foundation (Greece),  Authentic Solutions Limited (Ireland), Università degli Studi di Brescia (Italy), the European Cold Storage and Logistics Association (Belgium), the Associação Industrial Portuguesa – Câmara de Comércio e Indústria (Portugal), the Cork Chamber of Commerce (Ireland), and Sammontana S.p.A. (Italy).For more information on REEVALUE, visit the EWA REEValue website.

Boost Your Global Reach with TradeMalta’s Digital Marketing Incentive Scheme

TradeMalta remains committed to empowering Malta-based businesses with the tools and support they need to expand internationally. As part of its broader internationalisation support, TradeMalta is currently accepting applications for its Digital Marketing Incentive Scheme, designed to help businesses harness the power of digital advertising and connect with global audiences in a strategic, cost-effective manner.

This incentive is particularly valuable for businesses looking to enhance their geographical reach and promote their products or services internationally. Through this scheme, eligible companies can receive partial refunds on key digital marketing expenses.*

The eligible expenses are:

  • Direct advertising on major search engines (Google Ads, Bing Ads) and social media platforms (LinkedIn, Facebook), provided they target international markets.
  • Online advertising on industry-specific and audience-focused digital platforms.
  • SEO investments aimed at improving visibility in global markets.
  • Digital design costs (visuals, graphics etc) related to the creation of the specific advertising content which is being claimed.

To qualify, companies must clearly define their target markets and products in their application. TradeMalta places strong emphasis on strategic planning, requiring evidence that businesses have carefully considered their digital marketing approach before applying.**

The scheme covers expenses related to spend and the actual design of the assets for the campaign and businesses will be asked to provide their invoices as issued by Google, LinkedIn or similar platforms to be eligible for the refund.

Don’t miss this opportunity to amplify your international presence. For more details, visit www.trademalta.org/digital-marketing/  or contact TradeMalta at info@trademalta.org.


Terms & Conditions Apply

*Only companies operating in the sectors (as per NACE code) listed in TradeMalta’s Guidelines are eligible https://trademalta.org/wp-content/uploads/2025/02/International-Trade-Promotion-Incentive-Scheme-Guidelines-2025-2027_final.pdf

**Only expenses related to promoting exports to those the markets listed in the application will be eligible for co-financing.

HSBC Malta Foundation supports ‘Flow to Freedom’ in honour of late colleague

HSBC Malta Foundation is proud to support Flow to Freedom, a transformative initiative by Soar, a service of the St Jeanne Antide Foundation, dedicated to healing, resilience, and community support. This initiative is being launched in memory of Nicolette Ghirxi, a beloved HSBC colleague who tragically lost her life in 2024. Through this programme, HSBC Malta Foundation aims to provide meaningful support to survivors, ensuring that Nicolette’s legacy of strength and compassion continues to inspire those in need.

Flow to Freedom provides a safe and nurturing space for survivors of domestic violence to heal through somatic movement. By incorporating guided movement exercises, participants are encouraged to reconnect with their bodies, release tension, and foster emotional well-being. Led by Soar’s Head of Services, Shakira, alongside two dedicated volunteer dancers, the initiative is designed to empower individuals through movement, expression, and self-awareness, ultimately helping them rebuild confidence and regain a sense of control over their lives.

As part of International Women’s Day celebrations, a special Flow to Freedom session took place at the HSBC Innovation Hub in Qormi. This event introduced participants to the principles of somatic dance, a practice that integrates movement and mindfulness to promote relaxation, self-expression, and healing. The session included stretching exercises, guided movement, and a free-form dance component, allowing individuals to explore their emotions through motion in a supportive environment.

In addition to its sponsorship of Flow to Freedom, HSBC Malta employees recently came together to raise funds in aid of Soar. Recognising the importance of this cause, HSBC Malta Foundation also contributed to support Soar’s essential services, which include support groups, advocacy, and educational workshops aimed at empowering survivors and raising awareness of domestic violence.

Furthermore, HSBC Malta has long supported Soar’s mission through various initiatives. One of the memorable events organised last year by the HSBC Sports and Social Committee was the Music Bingo event, which included a raffle to further support Soar’s work in providing essential resources to survivors of domestic violence.

To further commemorate International Women’s Day, the HSBC Sports and Social Committee also prepared a special gift for all females working at HSBC Malta related to the Flow to Freedom initiative. This gift, an empowerment bookmark prepared by Soar, reinforces the bank’s commitment to supporting the empowerment of women while also contributing to the sustainability of survivor-led initiatives. The bank employees are encouraged to pass on the empowerment bookmark to another woman who may be struggling, as a reminder that help is available.

“As a foundation, we remain committed to supporting meaningful initiatives that foster resilience and empowerment within our community. Flow to Freedom is an example of how collective efforts can create a positive impact, ensuring that survivors have the support and resources they need to rebuild their lives,” said Glenn Bugeja on behalf of the HSBC Malta Foundation.

Through Flow to Freedom and other initiatives, HSBC Malta Foundation not only pays tribute to the memory of Nicolette Ghirxi but also reaffirms its broader commitment to fostering resilience, empowerment, and healing within the community. By supporting initiatives like this, the Foundation continues to create meaningful change in the lives of those most in need, ensuring that every survivor has access to the encouragement and support necessary to rebuild and thrive.

BOV for the Gozitan community – supporting Fondazzjoni Arka

Bank of Valletta (BOV) has reaffirmed its commitment to the Gozitan community by supporting Fondazzjoni Arka, a foundation that has been providing essential services to some of the most vulnerable individuals in Gozo for over 30 years.

Fondazzjoni Arka operates Dar Arka, a residential home and respite centre for individuals with disabilities. The foundation provides round-the-clock care, therapy, and support services, ensuring that those with physical and intellectual disabilities, as well as their families, receive the assistance they need to lead dignified and fulfilling lives.

Recognizing the importance of this work, BOV has supported the refurbishment of the foundation’s dining room, creating a more welcoming and functional space for residents and service users.

BOV’s CSR representatives, Cleo Almerigo and Francesco Grech, together with Gozo Branch Manager, Charmaine Borg, visited Dar Arka to meet with the foundation’s management and discuss how the Bank can continue to support its initiatives. The BOV team was also given a tour of the premises, witnessing firsthand how the Bank’s donation has contributed to enhancing the facility.

Charmaine Borg emphasized BOV’s commitment to community-driven initiatives, stating, “At BOV, we believe in being present in the communities we serve. We are a bank built by the people and for the people. Through our support for initiatives like this, we ensure that we remain the bank of the community.”

The management of Fondazzjoni Arka expressed their gratitude for BOV’s generous contribution, highlighting that such support is crucial in sustaining their services. They also look forward to continued collaboration with BOV to further enhance the care provided to individuals who rely on Dar Arka’s assistance.

Through this initiative, BOV continues to make a tangible difference, reinforcing its role as a trusted partner in building a more inclusive and supportive Gozitan community.

HSBC Malta Hosts Insightful Economic Presentations with Global Economist James Pomeroy

On 28 February 2025, HSBC Bank Malta welcomed clients and key stakeholders to two exclusive economic presentations led by HSBC Global Economist James Pomeroy. These events provided attendees with valuable insights into the global economic outlook amid uncertain times, reinforcing the bank’s commitment to informed financial decision-making.

During the presentations, James Pomeroy delivered an in-depth analysis of key global economic trends, focusing on consumer spending, inflation rates, and broader financial market dynamics. His expertise provided attendees with a clearer understanding of the economic challenges and opportunities shaping the global landscape.

Reflecting on his visit, Pomeroy remarked, “In today’s economic climate, it is crucial to discuss and understand the long-term trends that are shaping economies worldwide.” His discussions underscored the importance of strategic economic foresight in navigating the complexities of the global market.

Geoffrey Fichte, CEO of HSBC Malta, highlighted the bank’s commitment to keeping clients well-informed, stating, “By bringing James Pomeroy to Malta, we are fulfilling our mission to provide our clients with valuable economic insights. His expertise offers critical perspectives that help businesses manage uncertainty and identify opportunities for growth.”

Jesmond Apap, Head of Global Markets at HSBC Malta, emphasised the positive reception of the event, noting, “The insights shared by James align closely with what our clients need to remain competitive. Access to expert economic analysis is essential in today’s fast-moving global economy.”

HSBC Malta remains dedicated to supporting businesses and financial stakeholders by offering platforms that enhance economic knowledge and strategic decision-making. These events continue to reinforce the bank’s role in promoting economic growth and innovation within Malta’s business community.

Economic Vision 2025

HSBC Malta Foundation supports K-9 Urban Search and Rescue Malta

HSBC Malta Foundation is proud to support K-9 Urban Search and Rescue Malta (K-9 USAR Malta), a dedicated non-profit organisation committed to training highly specialised search and rescue dogs for disaster response. As part of its ongoing commitment to community resilience and emergency preparedness, HSBC Malta Foundation is making a donation to support the NGO’s vital work in saving lives and providing critical assistance during natural and man-made disasters.

K-9 USAR Malta is a volunteer-based organisation that plays a crucial role in Malta’s emergency response network. Through rigorous training programmes, the NGO ensures that its search and rescue teams are prepared to locate missing persons in disaster-stricken areas, whether caused by earthquakes, building collapses, or other emergencies. The organisation collaborates closely with local authorities and first responders, including the Civil Protection Department, the Armed Forces of Malta, and medical personnel, to enhance search and rescue operations across the country.

In addition to its life-saving efforts, K-9 USAR Malta is actively involved in community outreach, raising awareness about disaster preparedness and the importance of search and rescue operations. The organisation also offers therapy dog services, providing comfort and companionship to vulnerable members of society, including the elderly and hospital patients.

HSBC Malta Foundation’s support for K-9 USAR Malta aligns with its broader mission to invest in social impact initiatives that strengthen communities and enhance public safety. This contribution will assist the NGO in maintaining its rigorous training programmes, acquiring essential equipment, and ensuring that both handlers and dogs are well-prepared for real-world rescue scenarios. Furthermore, K-9 USAR Malta has committed to engaging with HSBC employees and the wider community through educational demonstrations and public awareness campaigns.

HSBC Malta Foundation is honoured to contribute to the invaluable work of K-9 USAR Malta, reinforcing its dedication to initiatives that safeguard lives and promote community resilience.

Workplace Pensions in Malta: What You Need to Know

JOSEF CAMILLERI – HEAD OF PRODUCTS AND DISTRIBUTION – HSBC LIFE ASSURANCE (MALTA) LTD.

In today’s competitive job market, more employers are helping their employees save for retirement by offering workplace pension schemes. Following the 2025 Government Budget, this may soon become a requirement for many. This article explains what these pensions are, who contributes, and how recent changes in Malta’s 2025 budget effect workplace employee pensions.

What is a Workplace Employee Pension Plan?

A workplace employee pension plan is a retirement savings plan set up by an employer, which may accept contributions from both the employer and the employee. These pension plans are designed to supplement the state pension, providing employees with greater financial security in retirement.

Updates from the Malta 2025 Budget

Malta’s 2025 budget introduced new changes aimed at expanding access to workplace pensions:

  • Opportunities for All Employees: Employers must now offer employees the option to join an occupational pension plan. While employers are not obligated to contribute financially, they must provide employees with the choice to participate.
  • Government Contributions for Public Sector Employees: For government employees, the government will match employee contributions up to €100 per month. This initiative encourages and leads the way for other employers to support their employees’ retirement savings.

Who Contributes to Workplace Pensions?

Employers have the option to contribute to workplace pensions, but this is not mandatory under the recent announcement in the 2025 Government Budget. Employees, however, have the right to participate. When employers do contribute, employees’ savings can grow faster, especially when employees make contributions as well.

Tax Benefits for Employees

Similar to Personal Retirement Schemes, employees who contribute to a workplace employee pension plan can enjoy tax advantages. They may qualify for a tax credit of up to €750 annually, which is equivalent to 25% of a maximum contribution of €3,000.

Here’s how the tax credit may work, using examples:

  • For a contribution of €100 per month (€1,200 annually), an employee may receive a €300 tax credit.
  • For a contribution of €150 per month (€1,800 annually), an employee may receive a €450 tax credit.
  • For a contribution of €250 per month (€3,000 annually), an employee may receive the maximum €750 tax credit.

Employees who have both a Personal Retirement Scheme and a workplace employee pension plan have the opportunity to benefit from the tax credits offered for both plans.

Tax Benefits for Employers

Employers who support workplace pensions can also benefit from tax incentives. They may qualify for up to €750 in tax credits per employee and an additional tax deduction of up to €2,000.

How Workplace Pensions Are Invested

Workplace employee pensions are often invested in funds, which may be selected by the employee or placed in default funds designed to help savings grow over time. The level of investment risk chosen often depends on individual circumstances, including how close one is to retirement. Some may prefer higher-risk investments with greater growth potential, while others may opt for safer, lower-risk assets. Investment values can fluctuate, so the total savings available at retirement may vary.

What if an Employee Changes Jobs?

If an employee changes jobs, they can take their pension savings with them. The previous employer’s contributions will stop, but the employee has several options:

  • Transfer the pension savings to the new employer’s scheme (if available).
  • Convert the savings into a personal retirement plan.
  • Stop contributing and retain the funds in a dormant plan, though this may reduce the final amount available at retirement.

When Can an Employee Withdraw?

In Malta, employees can begin accessing their workplace pension savings no earlier than age 61 and no later than age 70. However, exceptions may apply in cases where the scheme allows for payments due to the permanent disability or death of the beneficiary.

Depending on the applicable plan’s rules, employees shall be paid in the following forms:

  • Receive regular income payments (programmed withdrawals) or Life Annuity (mandatory)
  • Take a tax-exempt lump sum of up to 30% of the plan’s value upon retirement (optional)
  • Additional cash lump sum (optional).

Workplace employee pension plans provide a valuable way for employees to save for retirement while benefiting from tax advantages. Recent changes in Malta’s 2025 budget have made these schemes more accessible, offering both employers and employees new opportunities to plan for the future.

HSBC Malta Foundation supports young minds in STEM debate on Artificial Intelligence

HSBC Malta Foundation has reaffirmed its commitment to supporting education and innovation by sponsoring the 6th edition of the Thematic Science, Technology, Engineering and Mathematics (STEM) Debate for Primary Schools, organised by the Primary Science Team within the Directorate for STEM & VET Programmes (DSVP). The event focused on the theme of Artificial Intelligence – ‘Is Artificial Intelligence a source of opportunity or a cause for concern?’. This event saw the participation of 40 Year 6 students from primary schools across Malta and Gozo.

This edition of Thematic STEM Debate is part of the STE(A)M Learning Ecologies (SLEs) project, an EU-funded Horizon Europe initiative, in collaboration with the Department of Artificial Intelligence within the Faculty of Information & Communication Technology at the University of Malta. Designed to promote critical thinking, debate skills, and scientific literacy, the event provided students with an engaging platform to examine AI’s impact on society through a round table debate.

This year’s competition was structured into two initial debate rounds held on Wednesday 5th February at the STEM & VET Curriculum Hub in Pembroke, where students debated in groups of 20. The top eight debaters progressed to the final round which was held on Wednesday 19th February at Maria Regina College, Qawra Primary. The debates were adjudicated by professionals, including representatives from HSBC Malta Foundation.

To ensure that the student debaters were well-prepared for the event, a Public Speaking Workshop, co-ordinated by Esplora, was held on Friday 24th January at ESPLORA Interactive Science Centre. Students and their mentors participated in a hands-on workshop on public speaking strategies, argumentation, rebuttal techniques, and presentation skills.

Empowering Future Innovators

As part of its dedication to fostering STEM education, HSBC Malta Foundation contributed to the event by providing Mio the Robot kits as prizes for the Top Debater Award winners. Additionally, all finalists received a book on Artificial Intelligence, courtesy of the European Commission Representation in Malta. Certificates of participation were presented to all students who took part in the initial debate event.

Speaking about the initiative, Glenn Bugeja, Corporate Sustainability Manager at HSBC Malta, said, “Artificial Intelligence is shaping the future of industries worldwide. At HSBC Malta Foundation, we believe that empowering young minds to critically engage with technology is essential for preparing the next generation for the challenges and opportunities ahead. This debate serves as an excellent platform for students to develop communication, reasoning, and problem-solving skills that will serve them well in any career path.”

Isabel Zerafa, Education Officer for Primary Science added that “such a debate event is crucial for stimulating problem-solving and critical-thinking skills. Furthermore, early engagement with the ethics and societal impacts of AI, can cultivate more responsible creators, developers, and informed citizens. These events build essential skills for a tech-driven future, promoting early awareness of AI’s limitations and empowering students with digital and AI literacy.”

The Thematic STEM Debate has become a flagship event in Malta’s primary, middle and secondary education sector, nurturing curiosity, intellectual confidence, and a deeper understanding of STEM-related issues. By supporting initiatives like these, HSBC Malta Foundation continues to play an active role in enhancing educational opportunities and fostering innovation in the country.