Sustainable Development
Search documents
Steering Sustainability Through Changes: World Maritime Merchants Forum 2025 Held in Hong Kong
Globenewswire· 2025-11-20 10:08
Core Insights - The World Maritime Merchants Forum 2025 focused on driving high-quality development in the maritime value chain amid global changes, with over 1,300 leaders and experts in attendance [1][3] Group 1: Forum Highlights - The theme of the 2025 Forum was "Steering Sustainability Through Changes," emphasizing the need for sustainable development in the global shipping industry [3] - Key leaders, including government officials and industry executives, participated, highlighting the importance of collaboration and innovation in the maritime sector [3][5][6] Group 2: Hong Kong's Role - Hong Kong is positioned as a super-connector for international maritime enterprises, facilitating the integration of Mainland shipping companies into global markets [6][9] - The city aims to leverage its strengths in high-end services such as shipping finance, maritime law, and insurance to enhance the maritime ecosystem [8][9] Group 3: Technological Innovation and Sustainability - Continuous investment in technological innovation and collaborative partnerships is deemed essential for promoting green and intelligent transformation in the shipping industry [7][20] - The Forum released the "Net-Zero Guide" to support the global shipping industry's low-carbon transition, consolidating emissions-reduction requirements into actionable steps [22] Group 4: Regulatory and Policy Developments - The Hong Kong government is implementing tax incentives and flexible arrangements to attract global shipping enterprises and enhance competitiveness [10][16] - New industry standards for greenhouse gas emissions in marine fuels were introduced, providing benchmarks for shipping companies in their low-carbon efforts [24] Group 5: Future Initiatives - The Forum proposed initiatives to strengthen international cooperation and develop fair global shipping governance, emphasizing the need for a collaborative approach to address industry challenges [17][19] - Hong Kong is committed to establishing an integrated transport system to support green shipping corridors and enhance the overall maritime infrastructure [15][16]
Leading Institutional Investors Reveal ESG Priorities at Canada Climate Week Xchange Event
Newsfile· 2025-11-19 17:00
Core Insights - The event "What Investors Want: Driving Growth Through Purpose and Performance" focuses on how ESG performance influences investment decisions, highlighting the increasing expectations from investors regarding sustainability [1][2]. Event Details - The event is scheduled for November 25, 2025, at TELUS Harbour in Toronto, with registration starting at 8:00 a.m. ET and the program running from 8:45 a.m. to 12:00 p.m. ET [2]. - The event is organized by the UN Global Compact Network Canada in collaboration with the Principles for Responsible Investment (PRI) [1][2]. Participants and Speakers - Notable speakers include Jane Ambachtsheer from BNP Paribas Asset Management, Wendy Berman from the Canadian Sustainability Standards Board, and Anna Murray from the Ontario Teachers' Pension Plan, among others [4]. Initiative Background - Canada Climate Week Xchange (CCWX) is a five-year initiative aimed at addressing climate-related challenges in Canada, encouraging collaboration among various organizations and individuals [5].
BASF named one of Canada's Top 100 Employers for the 12th consecutive year
Globenewswire· 2025-11-18 15:05
MISSISSAUGA, ONTARIO, Nov. 18, 2025 (GLOBE NEWSWIRE) -- The French version of this press release is available here. BASF has been recognized as one of Canada’s Top 100 Employers by Mediacorp for the 12th consecutive year. This award recognizes companies that lead their industries in creating exceptional workplaces. Mediacorp, Canada’s largest publisher of employment periodicals, recognized BASF for its strong commitment to employee wellness and career development, highlighting a wide range of programs that ...
S&P Global Publishes Findings on Unlocking Africa's Economic Potential
Prnewswire· 2025-11-18 06:00
Core Insights - Africa's abundant natural resources, young population, and expanding middle class are poised to redefine the continent's role in global economic growth and sustainable development [1][7] - The report emphasizes the importance of global collaboration and the need for Africa to harness its human capital and natural resources while leveraging new technologies for sustainable development [2][5] Economic Outlook - The report highlights that unlocking Africa's economic potential is crucial for faster long-term growth, particularly to enhance upward mobility for its rapidly expanding population [5] - Africa's vast critical mineral resources could serve as a pathway to unlocking economic potential [5] Financial Development - Multilateral lending institutions play a significant role in accelerating capital market development in Africa by providing financial, technical, and policy support [5] - Blended finance models are gaining traction as a means to mobilize private capital for Africa's climate and sustainable development goals, despite challenges such as fragmented markets and regulatory hurdles [5] Energy Transformation - Africa's energy transformation is seen as a critical area that requires innovative financing solutions to overcome existing financing gaps [5] - The continent's abundant natural resources present transformative potential for renewable energy [5] Infrastructure Investment - Successful infrastructure development in Africa depends on robust governance, legal clarity, and institutional capacity to attract investment [5] - Sustainable finance is on the rise in Africa, but current volumes are insufficient to meet critical development and infrastructure needs, particularly in climate adaptation and water security [5]
JCDecaux renews the exclusive contract with STIB, the Brussels Intercommunal Transport Company, to operate the advertising spaces in the metro, tram and buses
Globenewswire· 2025-11-17 16:40
JCDecaux renews the exclusive contract with STIB, the Brussels Intercommunal Transport Company, to operate the advertising spaces in the metro, tram and buses Paris, November 17th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that following a competitive tender, it has been awarded a 8+2+2 year contract with STIB, the Brussels Intercommunal Transport Company, to operate the advertising spaces in the metro as well as on and in the trams and buses. ...
Stantec reports strong third quarter 2025 results, delivering over 17% growth in adjusted earnings per share
Globenewswire· 2025-11-13 22:00
Core Insights - Stantec reported strong third quarter results for 2025, with net revenue reaching $1.7 billion, an increase of 11.8% year-over-year, driven by organic growth of 5.6% and acquisition growth of 5.2% [3][12] - The company achieved an adjusted EBITDA of $323.4 million, reflecting a 17.8% increase, and an all-time high adjusted EBITDA margin of 19.0%, up 100 basis points from the previous year [3][12] - Stantec's diluted earnings per share (EPS) was $1.32, with adjusted EPS at $1.53, marking increases of 46.7% and 17.7% respectively compared to Q3 2024 [3][12] Financial Performance - Net revenue for Q3 2025 was $1.7 billion, up $180.6 million from Q3 2024, with organic growth achieved across all regional and business units, particularly in Water and Energy and Resources [3][12] - Project margin increased by 12.1% to $927.9 million, maintaining a project margin percentage of 54.4% [12] - Contract backlog rose to $8.4 billion, a 14.9% increase year-over-year, indicating strong future revenue potential [12][19] Strategic Outlook - Stantec has revised its adjusted EBITDA margin guidance for 2025 to a range of 17.2% to 17.5%, reflecting strong project margins and operational efficiency [10][11] - The company continues to expect net revenue growth of 10% to 12% for 2025, with specific expectations for organic growth in the US and Canada [9][10] - Stantec's recent acquisitions, including Page, Ryan Hanley, and Cosgroves, are expected to contribute positively to its growth trajectory [4][6] Market Position - Stantec's diversified business model and strong project execution have positioned it well to capitalize on sustained global demand for its services [4][8] - The company is focused on operational efficiency and disciplined management, which has led to lower administrative and marketing expenses as a percentage of net revenue [12][15] - Stantec's effective tax rate is projected to be between 23.5% and 24.5%, aligning with its financial strategy [10]
OMV (OTCPK:OMVJ.F) 2025 Conference Transcript
2025-11-13 16:02
Summary of OMV Conference Call Company Overview - **Company**: OMV, an integrated oil and gas company with three main segments: energy, fuels, and chemicals [2][3] - **Stock Symbols**: OMVJF, OMVKY (OTCQX Best Market), OMV (Vienna Stock Exchange) [1] Core Business Segments - **Energy**: Focus on traditional exploration, production, gas marketing, and renewable energy projects, including geothermal energy [3][4] - **Fuels**: Strong retail and aviation presence, with plans to leverage these assets for growth [3][4] - **Chemicals**: Recent joint venture with ADNOC to enhance capabilities in the chemicals sector [4][16] Growth Plans - **Energy Segment**: - Significant project in Romania (Neptune Deep) expected to come online in 2027, contributing approximately EUR 500 million in clean operating results [12][9] - Plans to increase production from 300,000 barrels per day to 320,000-330,000 barrels per day by 2030 [9][13] - **Fuels Segment**: - Focus on optimizing the value chain and expanding retail and sustainable fuel opportunities [10][9] - **Chemicals Segment**: - Joint venture with ADNOC (Borouge Group International) expected to drive growth and synergies [16][28] Financial Performance - **Cash Flow**: Average cash flow from operating activities projected at EUR 6.5 billion from 2021 to 2024 [5] - **Dividend Policy**: - Historical dividend yield ranged from 10.5% to nearly 30% [5] - Introduction of an additional variable dividend starting in 2022 [5] - New policy to distribute 50% of dividends from Borouge Group International and 20-30% of cash flow from operations starting in 2026 [20][21] Strategic Adjustments - **CapEx Reduction**: Cumulative CapEx reduced from EUR 19 billion to EUR 4 billion until 2030, reflecting a shift towards traditional business and sustainable projects [11][19] - **Market Adaptation**: Adjustments made to align with changing market conditions and demand trends [6][10] Market Outlook - **Gas Demand**: Expected to remain a key driver in the energy transition, with a projected supply deficit in Europe [12][8] - **Chemical Market**: Anticipated long-term growth despite current oversupply issues, particularly in packaging, automotive, and renewable energy sectors [7][6] Competitive Advantages - **Chemicals**: The new joint venture positions OMV as a significant player in the global polyolefin market, with expected synergies of around $500 million [27][28] - **Fuels**: Strong integration between refining and chemicals, enhancing margins and cash generation capabilities [30][14] Risk Management - **Supply Chain Resilience**: OMV has diversified its crude and gas supply sources, reducing reliance on Russian imports [32][33] - **Leverage Management**: Maintaining a leverage ratio below 30% to support dividend policies and financial stability [25][17] Conclusion - OMV is strategically positioned for growth across its energy, fuels, and chemicals segments, with a focus on sustainable practices and shareholder returns. The company is adapting to market changes while maintaining a strong financial framework and competitive advantages in its operations.
Conagra Brands Honors Employee Innovation with Its Sustainable Development Awards
Prnewswire· 2025-11-13 12:30
Accessibility StatementSkip Navigation  Awards focus on Climate Change, Water Reduction, Waste Reduction, Packaging and Responsible Sourcing CHICAGO, Nov. 13, 2025 /PRNewswire/ -- Conagra Brands (NYSE: CAG) announced the winners of its annual Sustainable Development Awards, honoring employees for their exceptional contributions that encourage sustainable behaviors across the organization. The program recognizes initiatives in five key areas, Climate Change, Water Reduction, Waste Reduction, Packaging, and ...
Yatsen Group Unveils Beauty Innovation Insight, Defining the Next Era of World-Class Beauty Science
Prnewswire· 2025-11-13 10:00
Accessibility StatementSkip Navigation Continue Reading Yatsen Group Beauty Innovation Insight David (Jinfeng) Huang, Founder, Chairman and CEO of Yatsen Group, delivers a keynote speech at the launch ceremony Yatsen Group Chief Scientific Officer Cheng Jing and IFSCC President Dr. Vania Leite reviewing the white paper SHANGHAI, Nov. 13, 2025 /PRNewswire/ -- Yatsen Group (NYSE: YSG), a leading multi-brand beauty company, has released Yatsen Group Beauty Innovation Insight — China's first comprehensive repor ...
UN Global Compact Calls for Private Sector to Respond and Accelerate the Implementation of the Newly Submitted Nationally Determined Contributions
Prnewswire· 2025-11-13 03:56
Core Insights - The meeting at COP30 emphasized the need for stronger public-private collaboration to achieve 1.5°C-aligned solutions and resilient development [1][3][4] Group 1: Meeting Objectives and Participants - The 13th Annual High-Level Meeting of Caring for Climate was convened by the UN Global Compact, UNEP, and UNFCCC, bringing together CEOs, government leaders, investors, and civil society representatives [2][3] - The forum aimed to explore collaboration between business and government to enhance the ambition of Nationally Determined Contributions (NDCs) and transition from fossil fuels [3][4] Group 2: Climate Action and Economic Implications - The meeting highlighted the urgent need for a significant increase in ambition and implementation to address climate impacts, with 1.5°C as a non-negotiable benchmark [4][6] - It was noted that bold climate action is not a cost but a pathway to long-term profitability, resilience, and shared prosperity [4][6] Group 3: Financial Mechanisms and Investment - Discussions focused on the necessary policy and finance mechanisms to unlock private investment in national transitions and de-risk capital flows, especially in emerging economies [5][6] - The UN Global Compact aims to mobilize finance for a just transition and improve clean energy access while prioritizing resilience [6][8] Group 4: Private Sector Readiness - According to the 2025 UN Global Compact–Accenture CEO Study, 88% of CEOs believe the business case for sustainability is stronger than five years ago, with 99% planning to maintain or expand their climate commitments [8] - The findings indicate the private sector's readiness to lead in sustainability, contingent on government support through regulatory clarity and financial instruments [8]