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Itaú Chile launches its first Sustainable Finance Framework, favorably assessed by S&P Global Ratings
Globenewswire· 2025-07-04 16:37
Core Viewpoint - Banco Itaú Chile has launched its first Sustainable Finance Framework, aimed at issuing green, social, and sustainability-linked instruments in alignment with international standards [1][2]. Group 1: Sustainable Finance Framework - The Framework is designed to support Chile's energy transition and social inclusion agenda, emphasizing sustainability as a core aspect of the bank's financing strategy [1]. - S&P Global Ratings provided a Second Party Opinion, rating the Framework's alignment with global standards as "Strong" [1]. Group 2: Commitment to Sustainability - Itaú Chile's initiative reflects a strong commitment to sustainability, integrated into its business strategy through actions like sustainable finance and carbon footprint measurement [2]. - The bank aims to contribute to a resilient, inclusive, and low-emission economy, reinforcing the belief that finance can drive sustainable development [2].
Sociedad Química y Minera de Chile (SQM) Earnings Call Presentation
2025-07-04 13:32
Financial Performance - SQM's Last Twelve Months (LTM) revenues reached US$4.5 billion[6] - The company's LTM Adjusted EBITDA stood at US$1.4 billion[6] - SQM's LTM Adjusted EBITDA Margin was 32%[6] - The Net Financial Debt (NFD) to Adjusted EBITDA ratio was 1.6x as of March 31, 2025[6,8] - First Quarter 2025 revenues were US$1,037 million, a decrease of 4% year-on-year[17] Business Segments - Lithium and derivatives LTM revenue was $2,197 million and gross profit was $517 million[23] - Iodine and derivatives LTM revenue was US$983 million and gross profit was US$525 million[29] - Specialty Plant Nutrition LTM revenue was US$946 million and gross profit was US$161 million[39] - Potassium LTM revenue was US$250 million and gross profit was US$33 million[46] - Industrial Chemicals LTM revenue was US$75 million and gross profit was US$30 million[53] Market Position and Outlook - SQM holds approximately 17% of the global lithium chemical market share[23,24] - The company anticipates the global lithium market to grow by approximately 17% in 2025[23] - SQM has approximately 37% of global Iodine market share[34] - SQM has approximately 41% of global KNO3 market share[44] - SQM has approximately 32% of global Industrial Chemicals market share[56]
TransAlta to Host Second Quarter 2025 Results Conference Call
Globenewswire· 2025-07-03 20:58
Core Viewpoint - TransAlta Corporation is set to release its second quarter 2025 results on August 1, 2025, with a conference call scheduled for the same day to discuss the results with investors and analysts [1][2]. Group 1: Conference Call Details - The conference call will begin at 9:00 a.m. Mountain Time (11:00 a.m. ET) [1]. - Participants can access the call via a personalized PIN or receive an automated call directly to their phone after registering [2]. - A replay of the call will be available on TransAlta's website following the event [3]. Group 2: Company Overview - TransAlta operates a diverse fleet of electrical power generation assets across Canada, the U.S., and Australia, focusing on long-term shareholder value [4]. - The company is one of Canada's largest producers of wind power and the largest producer of thermal generation and hydro-electric power in Alberta [4]. - TransAlta has achieved a 70% reduction in GHG emissions, equating to 22.7 million tonnes CO2e since 2015, and has received an upgraded MSCI ESG rating of AA [4].
JinkoSolar's EAGLE® G6R Residential PV Module Named Sustainable Product of the Year by Green Builder® Media
Prnewswire· 2025-07-01 11:00
Core Insights - JinkoSolar's EAGLE® G6R residential PV module has been awarded the 2025 Sustainable Product of the Year by Green Builder® Media, marking the fifth consecutive year the company has received this recognition, highlighting its leadership in sustainable solar solutions [1][2]. Product Innovation - The EAGLE® G6R is an ultra-high-powered residential PV module utilizing JinkoSolar's N-Type TOPCon technology, known for achieving multiple efficiency records. It is designed for superior performance in extreme weather, helping homeowners significantly reduce energy costs while enhancing aesthetic appeal [3]. Environmental Commitment - JinkoSolar is committed to sustainability beyond its products, being the first solar manufacturer to join the RE100 initiative, pledging to operate on 100% renewable energy. The company also had its net-zero goals validated by the Science Based Targets initiative (SBTi) [4]. Industry Recognition - The award from Green Builder® Media underscores JinkoSolar's consistent innovation and commitment to environmentally responsible manufacturing, positioning the company as a model for the industry [5].
Nextensa NV/SA : Nextensa launches the construction of Eosys at Cloche d'Or in collaboration with Promobe (joint venture Grossfeld)
Globenewswire· 2025-06-30 05:30
Core Insights - Nextensa, in collaboration with Promobe through their joint venture Grossfeld, has initiated the construction of Eosys, a sustainable office building at Cloche d'Or, Luxembourg, with a major lease agreement signed with PwC Luxembourg for 9,488m² of office space [4][5] - The Eosys project spans 12,355m² and is set to accommodate approximately 630 employees from PwC Luxembourg, marking a significant expansion of the company's presence in the Cloche d'Or district [5] - The building is designed by architect Andrew Philips and aims for BREEAM "Outstanding" certification, emphasizing sustainability and well-being with features such as a wellness area, gym, and landscaped terrace [6] Company Overview - Nextensa is a mixed-use real estate investor and developer focused on office, retail, and residential projects in Luxembourg, Belgium, and Austria [8] - Promobe is a significant player in real estate development within the Grand Duchy of Luxembourg [9] Project Details - Eosys will be a contemporary, high-end 13-storey building characterized by a golden anodised aluminium façade and a strong architectural identity [6] - The delivery of the Eosys building is scheduled for September 2027, reinforcing the long-term confidence of major corporations in the Cloche d'Or urban hub [5][7] - Cloche d'Or has evolved into a leading urban district in Luxembourg, combining residential, work, retail, and leisure functions, with over 120,000m² of office space already constructed [7]
Cal-Maine Foods (CALM) Earnings Call Presentation
2025-06-27 12:12
Company Overview - Cal-Maine Foods is the 1 U S producer and distributor of fresh eggs[7] - The company has 44 million layer hens[20] - Cal-Maine Foods has a diversified customer base, with 34% of revenue attributed to its largest customer and 50% of revenue from its top 3 customers as of FY 2023[26] Market Dynamics and Strategy - Approximately 27% of U S households are expected to be in cage-free states by 2026[51] - In Q1 2024, Cal-Maine Foods sold 273 million dozens of eggs[124] - The company's outside egg purchases have decreased, representing 8% of sales in Q1 2024[85] - Cal-Maine Foods has allocated $699 million for cage-free capital expenditure as of the end of the first fiscal quarter 2024[101] Financial Performance - Cal-Maine Foods paid $689 million in total dividends per share as of FY 23[91] - The company's 5-year average dividends are $1 39 per share[91] - The company had $1 064 billion in total cash and investments as of FY 24 YTD[94]
Kalmar’s climate targets validated by Science Based Targets initiative
Globenewswire· 2025-06-27 07:00
Core Viewpoint - Kalmar Corporation has received validation from the Science Based Targets initiative (SBTi) for its near- and long-term emissions reduction targets, committing to net-zero emissions by 2045 in alignment with the Paris Agreement's goal of limiting global temperature rise to 1.5°C [1][2][4]. Group 1: Emission Reduction Targets - Kalmar aims to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions by 90% by 2030 from a 2023 base year [6]. - The company also targets a 40% reduction in absolute scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, use of sold products, and downstream leased assets within the same timeframe [6]. - From 2030 to 2045, Kalmar commits to maintaining a minimum of 90% absolute scope 1 and 2 GHG emissions from the 2023 base year [6]. - Additionally, the company plans to reduce absolute scope 3 GHG emissions by 90% by 2045 from the 2023 base year [6]. - Kalmar's ultimate goal is to achieve net-zero greenhouse gas emissions across its entire value chain by 2045 [6]. Group 2: Commitment to Sustainability - The validation from SBTi underscores Kalmar's commitment to sustainability and its role in driving the transformation towards sustainable material handling in the industry [2][3]. - The company emphasizes the importance of sustainable innovation and collaboration with customers and suppliers to tackle emissions across its entire value chain [3]. - Kalmar's vision is to be a leader in sustainable material handling equipment and services, contributing to profitable business growth while adhering to climate science [2][5].
AGF Announces Results of Special Meetings of Securityholders and Implementation of Certain Fund Changes Approved by Securityholders
Globenewswire· 2025-06-26 21:02
TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Following special meetings of securityholders held on June 26, 2025, AGF Investments Inc. (AGF Investments) today announced that securityholders approved the proposed changes to the investment objectives of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund (each a “Fund”, and collectively, the “Funds”), as follows: Fund Current Investment Objective Proposed Investment Objective AGF Short-Term Income ClassThe Fund’s objective is to provide ma ...
MGM YONKERS SUBMITS COMMERCIAL CASINO LICENSE APPLICATION IN NEW YORK
Prnewswire· 2025-06-26 20:15
Core Viewpoint - MGM Yonkers Inc. has submitted a $2.3 billion proposal to transform the Empire City Casino into a commercial casino and entertainment destination, aiming to benefit the local community and the State of New York [1][2][6] Group 1: Project Details - The proposal includes full renovation and expansion of existing gaming areas, a high-limit lounge, and a state-of-the-art BetMGM Sportsbook for retail sports betting [2] - Plans feature a 5,000-person capacity entertainment venue and meeting space for various performances and community events [2] - The project will also introduce three new full-service restaurants and renovate existing dining options [3] Group 2: Economic Impact - Since its opening in 2006, Empire City Casino has generated over $5 billion for New York State education, with $1.6 billion contributed since MGM Resorts took ownership in 2019 [5] - The project is expected to create thousands of direct, induced, and indirect jobs, enhancing economic activity in the region [7] - If awarded the license, 20% of generated tax revenue will be distributed, with 10% to Yonkers, 5% to Westchester County, and 5% to Rockland and Putnam counties [6] Group 3: Sustainability and Community Commitment - The proposal includes a parking garage with solar energy arrays and electric vehicle parking, showcasing MGM Resorts' commitment to sustainability [3] - Significant investments are planned for public infrastructure improvements in Yonkers, including roads and water lines [8] - MGM Resorts emphasizes building and sustaining communities as a core belief, integrating energy-efficient methods in the project [8]
OTC Markets Group Welcomes Star Copper Corp. to OTCQX
GlobeNewswire News Room· 2025-06-26 11:00
Core Points - Star Copper Corp. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, which signifies a milestone for the company [1][3][4] - The upgrade reflects the company's strategic planning and commitment to fiscal health, compliance, and corporate governance, aiming to increase visibility among U.S. investors [4][5] - Star Copper's flagship project is located in British Columbia's Golden Triangle, focusing on advancing copper-gold exploration with plans for geological mapping, drilling, and environmental studies [5] Company Overview - Star Copper Corp. is a mineral exploration company dedicated to advancing Canadian mining projects, particularly in the copper-gold sector [5] - The company is focused on its Star Project, which has confirmed open mineralization and plans for further exploration and resource estimation [5] - Star Copper aims to support the growing global demand for electrification through sustainable development and value creation [5] Market Context - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices, enhancing their visibility and access to U.S. investors [3][6] - OTC Markets Group Inc. operates regulated markets for trading a wide range of U.S. and international securities, providing critical market infrastructure for broker-dealers [6][7]