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Southern Company Foundation Awards $3M for HBCU Endowed Professorships
Globenewswire· 2025-12-04 16:38
Core Insights - The Southern Company Endowed Professorships in Sustainability awarded $500,000 in matching grants to four historically Black colleges and universities (HBCUs), totaling $3 million awarded to six HBCUs since the initiative's inception [1][5] Group 1: Initiative Overview - The Historically Black Colleges and Universities Sustainable Communities Initiative (HBCU SCI) is funded by the Southern Company Foundation and aims to empower HBCU students in sustainability [2][6] - The initiative is a collaboration among INROADS, UNCF, and the Thurgood Marshall College Fund (TMCF) [2] Group 2: Grant Utilization - Hampton University will enhance its Center for Atmospheric Sciences to tackle global issues like air quality and climate change [4] - Morehouse College plans to expand its Center for Sustainability and Innovation and introduce a Sustainability minor [4] - Tennessee State University will initiate a new sustainability program, including a certificate program and a minor [4] - Virginia State University will focus on AI-driven agricultural research and climate-smart solutions [5] Group 3: Broader Impact - HBCU SCI has provided various support mechanisms such as paid internships, scholarships, mentoring, research fellowships, and career coaching to students across multiple states [5]
UPM-Kymmene (OTCPK:UPMK.F) Partnerships / Collaborations Transcript
2025-12-04 13:02
Summary of UPM-Kymmene and Sappi Joint Venture Conference Call Industry and Company Overview - **Industry**: Graphic Paper Industry - **Companies Involved**: UPM-Kymmene (OTCPK: UPMK.F) and Sappi Core Points and Arguments 1. **Joint Venture Agreement**: UPM and Sappi have signed a non-binding letter of intent to create a joint venture for a graphic paper company, with both parties owning equal shares [1][2] 2. **Enterprise Value**: The joint venture will have an enterprise value of EUR 1.42 billion, excluding synergies [2] 3. **Financial Benefits for UPM**: UPM expects a financial benefit of approximately EUR 1.1 billion from the transaction, which includes EUR 613 million in cash payments and EUR 406 million in pension liabilities transferred to the joint venture [2][12] 4. **Operational Scope**: The joint venture will encompass 12 paper mills, with UPM contributing 8 mills and Sappi contributing 4 mills [4] 5. **Product Portfolio**: The joint venture will serve all needs of the graphic paper industry, including newsprint and wood-free coated paper, with a significant focus on the European market [5] 6. **Synergies and Efficiency**: Estimated synergies of EUR 100 million per annum are expected from asset optimization, product rationalization, and increased efficiency in sourcing and logistics [7][58] 7. **Sustainability Commitment**: Both companies have strong commitments to sustainability, which will be enhanced through the joint venture [8] 8. **Market Positioning**: The joint venture aims to provide reliable supply in a competitive market facing overcapacity, ensuring long-term viability for the graphic paper industry [9] Additional Important Information 1. **Regulatory Approval**: The transaction is subject to definitive agreements and approval from merger control authorities in Europe and other jurisdictions [4] 2. **Future UPM Profile**: Post-transaction, UPM will focus on renewable fibers, advanced materials, and decarbonization solutions, leading to improved profitability and a stronger balance sheet [17][18] 3. **Growth Potential**: UPM's portfolio has demonstrated a 4.4% CAGR over the past decade, indicating strong growth potential in the future [19] 4. **Debt Structure**: The joint venture will independently raise long-term funding, with no recourse to shareholders, and aims for a leverage ratio of around 2.5 times EBITDA [10][40] 5. **Dividend Distribution**: The joint venture will distribute dividends based on financial performance, with discussions ongoing regarding the timing and amount of initial dividends [11][52] 6. **Pension Transfer**: The pension liabilities of EUR 406 million will be transferred to the joint venture, including any associated assets [57] 7. **Exit Strategy**: Either shareholder can initiate a divestment three years after closing, with various options available for managing the exit process [54] This summary captures the key points discussed during the conference call regarding the joint venture between UPM and Sappi, highlighting the strategic, financial, and operational implications for both companies in the graphic paper industry.
Cargill Chair and CEO Brian Sikes joins Deere & Company's Board of Directors
Prnewswire· 2025-12-04 13:00
Core Insights - Deere & Company has appointed Brian Sikes, the board chair and CEO of Cargill, to its board of directors, enhancing its leadership with expertise in global food and agriculture [1][2] - Sikes brings extensive experience from Cargill, where he has held various leadership roles since 1991, and he became CEO in 2023, overseeing operations in over 70 countries [2][3] - With Sikes' appointment, Deere's board now consists of 11 members, with 10 being independent, non-employee directors [3] Company Overview - Deere & Company is a global leader in agricultural, construction, and forestry equipment, focusing on productivity and sustainability [4] - The company offers technology-enabled products, such as the John Deere Autonomous 8R Tractor and See & Spray™, to address the increasing global demand for food, shelter, and infrastructure [4]
Electrolux Group hosts Capital Markets Update: Presents updated strategy and reconfirms financial targets, with focus on organic sales
Prnewswire· 2025-12-04 11:27
Electrolux Group is hosting a Capital Markets Update in Stockholm and online today, where it will offer an updated view of the company's strategic direction along with reconfirmed financial targets. Sustainability remains a cornerstone of the Group's strategy, and the company is reaffirming its sustainability targets. As part of this, Electrolux Group is committed to reducing Scope 1 and 2 emissions by 85% and Scope 3 emissions by 42% by 2030 compared to 2021. These targets align with its science-based targ ...
Aristocrat Leisure Limited (ARLUF) Discusses 2025 Sustainability Strategy and Progress Across Key Governance and Social Pillars Transcript
Seeking Alpha· 2025-12-04 09:58
Core Insights - Aristocrat has published its FY '25 sustainability report and an accompanying sustainability data book, marking a significant step in its sustainability journey [3] Group 1: Sustainability Strategy - FY '25 is the first year of executing Aristocrat's refreshed sustainability strategy, which is based on a comprehensive double materiality assessment completed in FY '24 [4] - The assessment identified 13 most material sustainability matters, managed under four strategic pillars: Good Governance and Responsible Business, Empowering Safer Play, Operational Sustainability & Climate, and People & Community [4] Group 2: Governance Standards - Upholding high governance standards and strong compliance with gaming and other regulations is fundamental to Aristocrat [5]
Winnebago Industries named one of America's Most Responsible Companies for fourth consecutive year
Globenewswire· 2025-12-03 22:36
Core Insights - Winnebago Industries, Inc. has been recognized as one of America's Most Responsible Companies by Newsweek for the fourth consecutive year, emphasizing its commitment to corporate responsibility, sustainability, and social impact [1][2]. Corporate Responsibility Recognition - The recognition is based on key performance indicators from corporate social responsibility, sustainability, and corporate citizenship reports, along with an independent survey of U.S. residents [2]. Corporate Responsibility Strategy - Winnebago Industries focuses on four key areas in its corporate responsibility strategy: people, community, planet, and governance. Initiatives include reducing greenhouse gas emissions, promoting inclusivity, supporting local communities through volunteerism and philanthropy, and maintaining strong governance practices [3]. Additional Recognitions - In addition to being named one of "America's Most Responsible Companies," Winnebago Industries was also recognized as one of Newsweek's Most Trustworthy Companies in America, America's Greenest Companies, and America's Greatest Workplaces in Manufacturing for 2025 [4]. Company Overview - Winnebago Industries is a leading North American manufacturer of outdoor lifestyle products, including motorhomes, travel trailers, and powerboats, with a commitment to sustainable innovation and vertical integration [5].
The Future I want to Build | Aethen Thomas Varghese | TEDxLife Valley International School
TEDx Talks· 2025-12-03 16:59
A few years ago in UAE, a young girl got on her school bus like she did every day. But that day, she fell asleep and was forgotten. The bus was locked.No one checked. By the time she was found, it was too late. She didn't return home.Imagine if something as simple as a motion sensor or a smart bus checking system had been in place. This wouldn't have happened. Technology could have saved her life.But my name is Ethan Thomas VGIS here to talk to you about the future I want to build. Technology isn't just abo ...
Planting the Future: Local Actions in a Global Climate Crisis | Dr. Umar Aminu Mohammed | TEDxSAZU
TEDx Talks· 2025-12-03 16:58
Climate Change Impact - Global warming has led to a 12% increase in temperature compared to 150 years ago, resulting in flooding, seasonal fluctuation, drought, and deforestation [3][4] - The Intergovernmental Panel on Climate Change projects a potential 15% increase in global average temperature by 2030, affecting the lives of 350 million individuals [4] - Northern Nigeria faces desertification, with 60 meters of desert encroaching southwards annually, impacting livelihoods and the Lake Chad Basin, where 90% has shrunk [6] Mitigation Efforts - Sahongur University has planted 1,000 trees, with each mature tree capable of absorbing 22 kilograms of carbon dioxide per year [5] - Nature-based solutions, such as planting and sustaining trees, are crucial for addressing climate change [8] - Integrating climate literacy into education curricula is essential [9] Call to Action - Collaborative efforts are needed to enhance the sustainability of planted trees [8] - Policymakers should recognize climate change as an important issue [9] - The best time to plant a tree was 20 years ago, and the second best time is today, emphasizing the urgency of action [10]
Melting glass, not the planet: a sustainable art story | Roberta Mason | TEDxAberystwyth
TEDx Talks· 2025-12-03 16:09
Sustainability & Environmental Impact - 2024 was the warmest year on record, highlighting the urgency of climate action [1] - The company aims for a net-zero practice by measuring, reducing, offsetting, improving, and repeating their sustainability efforts [6][9] - The company calculated its combined baseline footprint for 2023, covering art practices and household emissions [10] - In 2024, the company offset more total carbon than it created through energy generation, land development, and advocacy programs, achieving a net-zero year [32][33] - The company planted approximately 1,600 trees and shrubs, with 90% being native to Pembrichshire, to improve biodiversity [23] Operational Changes & Innovations - The company transitioned to a sustainable glass studio in Wales, focusing on generating its own power and decarbonizing its practices [6][9] - The company redesigned and rebuilt the furnace to improve efficiency and reduce propane usage [19] - The company adopted batch working, melting glass only when needed, to reduce propane consumption [20] - The company utilizes solar, wind, and other renewable energy sources to power the workshop and house [18] Community Engagement & Awareness - The company collaborated with a gallery owner to organize an event for World Ocean Day, raising awareness about seagrass and its role in climate change mitigation [27][28] - The company creates work for UK river action groups, advocating for clean waterways [25]
Tims China and Tencent’s CarbonXmade Launch Innovative Eco-friendly Straw Made with Captured CO₂
Globenewswire· 2025-12-03 15:39
Core Viewpoint - TH International Limited, the exclusive operator of Tim Hortons in China, has launched an eco-friendly straw developed in collaboration with Tencent's CarbonXmade program, aiming to promote sustainability in consumer choices [1][2][10]. Group 1: Product Launch and Features - The new eco-friendly straws will be introduced in Tims stores across major cities including Beijing, Shanghai, and Shenzhen [2]. - The straws are produced using Carbon Capture Utilization (CCU) technology, which converts industrial CO₂ emissions into biodegradable materials [4]. - Each 100 straws contains 3.185 grams of captured CO₂, showcasing an improved life-cycle performance [5]. Group 2: Sustainability Initiatives - The launch event featured a "low-carbon fashion show" with designs made by students and faculty from the Sichuan Fine Arts Institute, highlighting creativity in sustainability [6][7]. - Tims China has previously launched initiatives like "Bring Your Own Cup — Save RMB 8" and opened a "Green Innovation Lab Store" in Shenzhen focused on coffee-ground recycling [10][11]. - The company supports responsible sourcing through its "Coffee for Communities" program, which has aided over 18,000 farmers by 2023 [12].