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Science Based Targets initiative (SBTi) validates EUROAPI’s near-term climate targets
Globenewswire· 2025-09-18 05:00
Core Insights - EUROAPI's near-term science-based emission reduction targets have been approved by the Science Based Targets initiative (SBTi), aligning with the Paris Agreement to limit global warming to 1.5°C above pre-industrial levels [1][2] - The company commits to a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030 from a 2022 base year, and a 25% reduction in absolute Scope 3 GHG emissions in the same timeframe [1][5] Environmental Performance - EUROAPI has achieved measurable improvements in key environmental indicators between 2022 and 2024, including a 28% reduction in waste, a 14% reduction in solvent use, and a 12% reduction in energy consumption [2] - The company eliminated nearly 180,000 tons of CO2 equivalent during this period, equivalent to the annual GHG emissions of a city with approximately 20,000 inhabitants [2] - 100% of the electricity purchased by EUROAPI now comes from renewable sources, and the product carbon footprint is available for more than 70 active pharmaceutical ingredients (APIs) [2] Company Overview - EUROAPI focuses on reinventing active ingredient solutions to sustainably meet global customer and patient needs, with a portfolio of approximately 200 products [3] - The company operates five manufacturing sites in Europe and supplies customers in over 80 countries, emphasizing high-quality API manufacturing [4]
Atico Signs the Investment Protection Agreement with Government of Ecuador for its La Plata Project
Globenewswire· 2025-09-17 20:30
Core Viewpoint - Atico Mining Corporation has signed an Investment Protection Agreement (IPA) with the Ecuadorian State for the La Plata mining project, involving a total investment of USD 157.9 million, marking a significant milestone for the company and the project [1][2]. Investment Agreement Details - The IPA provides legal and tax stability for the duration of the project, ensuring that essential regulations remain unchanged [2][5]. - A corporate income tax reduction of 5% is granted during the life of the contract [5]. - The agreement includes provisions for international arbitration in case of disputes, with arbitration to be conducted in New York under Ecuadorian law [2][5]. Project Development and Employment - The La Plata project is nearing the final stage of obtaining necessary environmental licenses and permits, with construction expected to begin once these are secured [3]. - The project is anticipated to create over 600 direct jobs and between 1,200 to 1,800 indirect jobs during the construction phase, and more than 300 direct jobs and between 600 to 900 indirect jobs once in commercial production [3]. Company Overview - Atico Mining Corporation focuses on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project [4].
Digital Utilities Ventures Provides Corporate Update
Prism Media Wire· 2025-09-17 12:43
Core Insights - Digital Utilities Ventures, Inc. (OTC:DUTV) is undergoing significant corporate changes, including an acquisition and international expansion efforts, aimed at enhancing revenue and market visibility [3][8] - The company is in the process of acquiring Lifestyle Dock Company, a luxury dock manufacturer, pending FINRA approval, which will allow for revenue consolidation into DUTV's financial statements [4][6] - DUTV is advancing its international strategy with a $3.4 million contract for EasyFEN™ systems in Kenya, with additional trials in Tanzania and discussions in over ten African nations [6][8] - The company is also pursuing a reverse stock split to uplist to the OTCQB Venture Market, which is expected to improve transparency and liquidity for shareholders [7][8] Acquisition Details - The acquisition of Lifestyle Dock Company will broaden DUTV's product portfolio and provide a production base for integrating NanoVoid™ clean-water technology into luxury docks [5][6] - Lifestyle Dock Company has a strong distribution network and an East Coast manufacturing facility, which will enhance DUTV's operational capabilities [4][5] International Expansion - DUTV has received deposits on a $3.4 million contract for deploying EasyFEN™ waste-to-fertilizer systems in Kenya, with revenue recognition expected later this year [6] - The company is conducting field trials in Tanzania and engaging in discussions across more than ten African nations, indicating a scalable solution for local fertilizer production and sustainable agriculture [6][8] Capital Markets Initiatives - DUTV's management has approved a 100:1 reverse stock split as part of its strategy to uplist to the OTCQB Venture Market, pending FINRA approval [7] - The uplisting is anticipated to enhance transparency, broaden investor access, and improve overall liquidity for shareholders [7][8]
LBB Specialties and Imerys Form Specialty Distribution Partnership in North America
Prnewswire· 2025-09-15 17:00
Core Insights - LBB Specialties (LBBS) has formed a partnership with Imerys, designating LBBS as the preferred distributor for Imerys' ImerCare product line in Personal Care and minerals for Food & Nutrition markets across the United States, Canada, and Puerto Rico [1][2][3] Group 1: Partnership Details - The partnership aims to provide customers in Personal Care, Life Sciences, and Food & Nutrition markets with mineral solutions that are technically backed and tailored to specific formulation needs [2][3] - Imerys' mineral-based ingredients are recognized for their high purity, consistent performance, and versatility, addressing evolving customer demands [2][3] Group 2: Strategic Benefits - This collaboration enhances LBBS's portfolio by expanding access to innovative, sustainability-driven mineral technologies [3] - The partnership combines Imerys' expertise in mineral science with LBBS's market reach and customer support, strengthening resources for formulators facing technical and regulatory challenges [3] Group 3: Leadership Statements - Thomas Van Valkenburgh, President & CEO of LBBS, emphasized the alignment of both companies' strengths in delivering high-quality solutions to formulators across North America [4] - Matthew Centa, Vice President at Imerys, highlighted LBBS's market knowledge and customer relationships as key factors for expanding their reach and delivering innovative mineral solutions [4] Group 4: Company Background - LBB Specialties is a leader in North American specialty chemicals and ingredients distribution, serving various end markets including care, food & nutrition, industrial specialties, and life sciences [5] - Imerys reported €3.6 billion in revenue and employs 12,400 people across 40 countries, focusing on high-value-added solutions for diverse industries [5]
Terra Metals Inc. 宣布与 Investment Bank of Africa 及 Nalolo Solar Power Energy Company (NASPEC) 达成战略股权投资合作
Globenewswire· 2025-09-15 14:34
Core Insights - Terra Metals Inc. announces a strategic equity investment partnership with Investment Bank of Africa (IBA) and Nalolo Solar Power Energy Company (NASPEC) to advance the Nalolo Solar Project, a key initiative for Zambia's renewable energy transition [1] - The partnership reflects Terra Metals' long-term commitment to sustainable economic growth and support for Zambia's clean energy agenda [1] - The Nalolo Solar Project is expected to play a transformative role in Zambia's energy transition, driving economic growth, expanding job opportunities, enhancing energy security, and supporting the country's climate and sustainable development commitments [1] Company Overview - Terra Metals Inc. holds vested interests in the Nalolo Solar Project through its major shareholder, who is also a shareholder in NASPEC [1] - The company's executive director, Brian Chisala, expressed excitement about the strategic collaboration, marking significant progress for the Nalolo and Lukulu solar projects [1] - Chairman Mushinge Mumena emphasized the partnership's commitment to providing clean energy solutions and advancing Zambia's sustainable development goals [1] Investment Insights - IBA's CFO, Robert Solomon, highlighted that the investment aligns with IBA's strategic direction to allocate capital to high-value sustainable infrastructure projects that generate substantial financial returns while mitigating long-term risks [1] - The Nalolo Solar Project is based on solid foundations, growing energy demand, and government support, ensuring profitability for stakeholders and significant socio-economic impact for Zambia [1] Project Impact - NASPEC's chairman, Dr. Victor Ryan, stated that the collaboration marks a decisive moment for NASPEC and Zambia's renewable energy development [1] - The project aims to provide clean, reliable, and affordable electricity, create job opportunities, drive industrial growth, and enhance climate resilience [1]
Kaneka Malaysia and Bacre break ground on RM31 million biomass steam plant in Gebeng
Thesun.My· 2025-09-14 11:25
Core Insights - The groundbreaking ceremony for a RM31 million biomass steam plant marks a significant step in Malaysia's renewable energy and industrial decarbonization efforts [1][2] Group 1: Project Overview - The biomass steam plant, developed under a 20-year steam supply and purchase agreement, will provide Kaneka Malaysia with up to 30 tonnes per hour of green steam, replacing conventional natural gas-based steam generation [2][3] - The project is a collaboration between Kaneka Malaysia, Bacre Gebeng Sdn Bhd, Knight Frank Project Services Sdn Bhd, and Boilermech Sdn Bhd, with financial support from Bank Islam Malaysia Bhd [3][4] Group 2: Environmental Impact - Kaneka Malaysia aims to reduce its greenhouse gas emissions by 70% by 2030 and achieve net zero by 2050, with the biomass steam plant expected to reduce carbon emissions by approximately 30,000 tCO2e annually [2][5] - The plant is projected to avoid 24,240 tonnes of CO₂ emissions each year and an additional 70,032 tCO₂ reduction over 10 years through methane avoidance [6] Group 3: Strategic Importance - The biomass steam plant aligns with Malaysia's national agenda of MyRER and the National Energy Transition Roadmap, promoting clean energy from agricultural waste and enhancing local employment opportunities [7] - The initiative reinforces circular economy principles and aims to improve Malaysia's competitiveness in environmental, social, and governance-led industries [7]
14家新创企业加入Unreasonable Food
Sou Hu Cai Jing· 2025-09-13 01:38
Core Insights - Mars Snacking and Unreasonable Group have welcomed 14 new growth-stage companies into the Unreasonable Food initiative, aimed at building a more sustainable food system [1][3] - The collaboration seeks to address critical challenges in the food supply chain and transform them into unprecedented opportunities for innovation and sustainability [3][4] Company Overview - Mars, Incorporated is a family-owned business valued at approximately $55 billion, with a diverse product portfolio that includes pet care products, high-quality snacks, and food brands [5] - The company operates a global network of veterinary hospitals and diagnostic services, emphasizing its commitment to quality, responsibility, and sustainability [5] Initiative Details - The Unreasonable Food initiative, launched in 2024, focuses on reducing dairy emissions, expanding sustainable ingredient applications, and exploring sustainable color solutions [3][4] - The first cohort of the initiative reported generating nearly $200 million in additional revenue, reducing 140,000 tons of CO₂e emissions, saving 310 million liters of water, and providing safe, nutritious food to up to 24 million people [4] Technological Innovations - The initiative includes various innovative approaches such as genetically engineered crops to produce dairy-like proteins without cows, precision fermentation for animal-free casein, and plant-based sweeteners [6] - Other advancements involve the production of natural color alternatives through fermentation, AI and biotechnology for developing functional plant ingredients, and sustainable protein extraction from plants like lemna [6]
What if cities grew in, not out? | Aaron Harris | TEDxLasVegas
TEDx Talks· 2025-09-12 16:15
Urban Development & Planning - Current urban development prioritizes cars over people, leading to isolation and hindering natural interactions [9][11][12] - Sprawling suburban development leads to economic dead zones and inefficient land use, with 30% of residential space potentially unused [8][9] - Zoning laws and parking requirements often make walkable, mixed-use developments illegal, hindering small businesses and community interaction [18][19] - Reclaiming spaces for people, such as parklets and pedestrian zones, can increase property values, tourism, and improve traffic flow [29][31] - Walkable neighborhoods generate five times more tax revenue per dollar than typical suburban strip malls, and retail space fetches a 90% premium [36] Environmental Impact - Suburban homes use four times as much water as urban residences due to lawns and non-native plants [23] - Sprawling development disrupts ecosystems and water systems, particularly in vulnerable environments like the Mojave Desert [21][22] - Cities spend three times as much per household to provide basic services in sprawling suburbs compared to densely populated areas [26] - The average American spends 55 minutes daily driving and $12,000 annually on car expenses, creating an economic burden [27] Social & Economic Considerations - Car-dependent sprawl contributes to social isolation and mental health issues, as exemplified by Las Vegas ranking as the second loneliest city in America [15] - Collision density, fostered by inward city growth, promotes innovation and economic growth through chance encounters and shared spaces [16] - Third places (coffee shops, parks, plazas) are essential for mental health and economic vitality, but often made impossible by zoning laws [17][18]
UPDATE -- Karbon-X and Banff Half Marathon Celebrate 2025 with Verified Climate Contributions that Reflect the Spirit of the Rockies
Globenewswire· 2025-09-10 15:48
Core Insights - Karbon-X has partnered with the Banff Half Marathon for the third consecutive year to promote climate action that aligns with the values of the Rockies [1][4] - The event incorporates verified climate contributions to offset its environmental footprint, along with optional contributions from participants [2][4] - The partnership reflects a commitment to sustainability and aims to inspire collective action among runners and the community [4][5] Company Overview - Karbon-X Corp. is a vertically integrated climate solutions company that provides comprehensive climate solutions across compliance and voluntary markets [5] - The company focuses on transparency and impact throughout the climate action process, making it accessible to businesses, institutions, and individuals [5] Event Details - The Banff Half Marathon is recognized as Canada's most scenic running event, attracting thousands of participants each June [6] - The event emphasizes both personal achievement and environmental stewardship, reflecting a growing commitment to sustainability [6]
Sobha Realty raises $750m in inaugural green sukuk
Gulf Business· 2025-09-10 13:49
Core Insights - Sobha Realty has successfully raised $750 million through its inaugural green sukuk, marking the largest issuance by a real estate developer globally [2] - The sukuk has a five-year maturity, set to mature in 2030, and is part of a $1.5 billion trust certificate issuance program [2] - The sukuk will be listed on both the London Stock Exchange and Nasdaq Dubai [2] Investor Demand and Pricing - Investor demand for the sukuk reached approximately $2.1 billion, which is 2.8 times the issue size, allowing Sobha to tighten pricing by 50 basis points from initial thoughts [3] - The sukuk was priced at a profit rate of 7.125% per annum, with an effective yield of 7.375% [3] - Regional investors accounted for 56% of allocations, while international investors made up 44% [3] Use of Proceeds - Proceeds from the sukuk will be utilized to finance or refinance projects under Sobha's Green Financing Framework, which aligns with the International Capital Market Association's Green Bond Principles and the Loan Market Association's Green Loan Principles [4] - The framework has received a second-party opinion from DNV [4] Company Statement - The chairman of Sobha Group, Ravi Menon, emphasized that the success of the green sukuk issuance reflects the market's recognition of Sobha Realty's strong financial position and commitment to sustainable development [5] Sukuk Ratings - The sukuk is expected to receive ratings of Ba2 (Stable) from Moody's and BB (Stable) from S&P, which aligns with the corporate credit rating of the obligor, PNC Investments [6] Joint Coordinators and Advisors - Dubai Islamic Bank, Emirates NBD Capital, J.P. Morgan, Mashreqbank, and Standard Chartered served as joint global coordinators for the sukuk issuance [7] - Additional joint lead managers and bookrunners included several banks such as Abu Dhabi Commercial Bank and Deutsche Bank [7] - Deutsche Bank and Emirates NBD Capital acted as joint ESG structuring coordinators, with legal advice provided by Clifford Chance and Dentons [8]