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Ormat Publishes 2024 Sustainability Report, Marking 60 Years of Innovation and Impact
Globenewswire· 2025-09-02 20:10
Core Insights - Ormat Technologies Inc. released its annual Sustainability Report, showcasing its commitment to sustainability and renewable energy [1][2] - The report emphasizes the company's progress in expanding renewable energy capacity and enhancing its environmental, social, and governance (ESG) performance [2][4] Sustainability Achievements - The 2024 Sustainability Report highlights significant achievements, including avoiding approximately 2,488,811 metric tons of CO2e emissions, which is over 11 times more than the emissions produced by the company [8] - The company met its annual target by reducing Scope 1 & 2 emissions intensity by an average of 5% compared to the base year [8] - Ormat contributed nearly $1 million to community initiatives across its global locations [8] Governance and Reporting Standards - The report is aligned with the Global Reporting Initiative (GRI) standards and the Sustainability Accounting Standards Board (SASB) requirements, as well as the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations [4] - The company aims to enhance transparency through comprehensive reporting and disclosures, thereby creating long-term value for stakeholders [4] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over six decades of experience [6] - The company operates a total generating portfolio of 1,618 MW, which includes 1,268 MW from geothermal and solar generation, and a 350 MW energy storage portfolio located in the U.S. [6] - Ormat is vertically integrated, engaging in geothermal and recovered energy generation, and is focused on accelerating growth in the energy storage market [6]
NYU Swap Shop offers free items to students
NBC News· 2025-09-02 18:39
I think it's hard enough to be a student. It's expensive enough. >> Here at NYU's very first ever swap shop.Trash is being turned into treasure. This now abandoned grocery store completely transforming into a shop where students can pick up free essentials like this mini fridge. >> We had books, we had clothing, we had home supplies.We had about 155 microwaves and 1,800 people showed up. >> In an effort to stop these gently used items from heading to landfills, students spent months planning this ambitious ...
Visa and Ample Earth Team to Bring Sustainability Data to Payments
PYMNTS.com· 2025-09-02 15:59
Core Insights - Visa has partnered with U.K.-based climate FinTech Ample Earth to integrate sustainability data into digital banking apps and loyalty programs, aiming to enhance customer engagement and promote sustainable practices [1][2] Group 1: Partnership Details - The collaboration focuses on helping banks segment customers and discover new ways to engage and reward sustainability [2] - Ample Earth provides merchant-specific sustainability data, transforming unstructured data into actionable insights with eco-labels and social tags [3] Group 2: Sustainability Data and Consumer Behavior - Visa's white paper highlights the inconsistency and inaccuracy of available sustainability data, as well as the risk of greenwashing [3] - The partnership aims to empower consumers by clarifying sustainability claims and making data more accessible [3] - A report indicates that 73% of Gen Z consumers are willing to pay more for eco-friendly products, emphasizing the importance of sustainability in purchasing decisions [4]
Bureau Veritas Ranks Top Performer in S&P Global CSA Score 2025
Globenewswire· 2025-09-02 15:50
Core Insights - Bureau Veritas has achieved a score of 84 out of 100 in the S&P Global Corporate Sustainability Assessment (CSA) for 2025, ranking first in the Professional Services sector [1][2] - This marks the seventh consecutive year that Bureau Veritas has been recognized in the Dow Jones Sustainability Indices (DJSI), showcasing the commitment of its 84,000 employees to sustainability [2] Company Overview - Bureau Veritas is a global leader in inspection, certification, and laboratory testing services, with a mission to ensure responsible progress and sustainability [3][4] - The company operates in 140 countries and employs 84,000 individuals, providing expertise in quality, health and safety, environmental protection, and sustainability [4] S&P Global CSA Details - The S&P Global CSA evaluates corporate sustainability practices across over 12,000 companies in 62 sectors, using a rigorous methodology that includes 110 questions on environmental, social, and governance dimensions [6] - The CSA's double materiality methodology assesses both the impact of companies on society and the environment, as well as how sustainability issues affect their performance and value creation [6] ESG Focus Areas - Bureau Veritas is focused on enhancing its Environmental Management Policy, improving Customer Satisfaction, and strengthening Transparency, Reporting, and Risk Management practices [9]
Bollinger Motors Adds Ziegler Truck Group, Range Truck Group to National Sales and Service Network
Globenewswire· 2025-09-02 13:15
Core Viewpoint - Bollinger Innovations, Inc. expands its commercial sales and service network by appointing Ziegler Truck Group and Range Truck Group as official dealers, enhancing its presence in Minnesota, Wisconsin, Iowa, and Washington [1][2][3] Company Overview - Bollinger Innovations, Inc. is an electric vehicle manufacturer based in Southern California, focusing on commercial electric vehicles with a manufacturing facility in Tunica, Mississippi [5][6] - The company has launched the B4, a Class 4 electric truck, and has developed a dealer network with over 50 locations across the United States for sales and service support [6] Dealer Network Expansion - The addition of Ziegler Truck Group and Range Truck Group allows for the sale of the Bollinger B4 chassis cab, Mullen ONE Class 1 EV cargo van, and Mullen THREE Class 3 EV chassis cab truck, which will be rebranded as Bollinger Motors vehicles in future model years [2][3] - Ziegler Truck Group has a 110-year legacy in selling and servicing construction and agriculture equipment, while Range Truck Group specializes in industry-changing vehicles and charging solutions [3][4] Commitment to Sustainability - Both Ziegler and Range Truck Group are committed to e-mobility and sustainability, aligning with Bollinger Motors' vision for a more sustainable transportation future [3][4] - The Pacific Northwest is highlighted as an environmentally focused region, where the partnership aims to make a significant impact on the transportation industry's sustainability [5][4]
X @Andy
Andy· 2025-09-02 11:19
Crypto is entering its "practical" era.> Institutional capital with longer time horizons> Trenches are mostly cooked> DAOs as legal arbitrage are being broken down> Increasing focus on revenue & sustainability> Token performance dispersion> Decentralization for the sake of it is changing> Issuance and inflation on PoS is being adjusted> Airdrops are increasingly commoditized> Teams being forced to achieve PMF> Apps are in the limelight> Marketing is breaking through traditional mediums rather than just CT> ...
Taaleri (0RF6) 2025 Capital Markets Day Transcript
2025-09-02 11:02
Summary of Taaleri's Capital Markets Day - September 02, 2025 Company Overview - **Company Name**: Taaleri - **Established**: February 2007 - **Assets Under Management**: €2.7 billion - **Guarantee Insurance Portfolio**: €1.7 billion - **Employees**: Approximately 130 - **Revenue (LTM)**: €63.1 million - **Sustainability Focus**: 88% of products have sustainability objectives or promote sustainability characteristics [6][7][10] Strategic Objectives (2026-2028) - **Identity**: Taaleri positions itself as a front runner in investment and asset management, focusing on transformational opportunities in private capital [5][12] - **Purpose**: Leverage expertise and capital to power long-term returns for customers [5] - **Growth Areas**: - **Carantea**: Targeting over 10% growth in insurance service results, expanding distribution channels, and investigating growth opportunities in neighboring markets [22][24] - **Private Asset Management**: Plans to grow fund sizes within existing strategies and launch new product groups [26] - **Development Capital**: Aiming for returns on equity that exceed group-level targets [31] Market Trends - **Private Capital Market Growth**: Expected to grow at double-digit rates, with real estate growth forecasted to increase from 5% to 9%, infrastructure declining from 16% to 10%, and private equity remaining stable at 12% [18][19] - **Finnish Housing Market**: The housing market peaked in 2021 with €22.5 billion in new loans, but saw a decline of over 40% in the following year. However, a recovery is noted with a 18% increase in home transactions in the first half of 2025 [46][47] Business Segments - **Carantea**: Specializes in credit risk insurance, primarily for residential mortgages and corporate loans. The company has underwritten over 100,000 guarantees since 2005 [42][45] - **Insurance Revenue**: Maintained at €18.7 million despite market downturns, with a combined ratio of 34% indicating stable profitability [54][62] - **Investment Portfolio**: €158 million, with 75% in fixed income investments, reflecting a conservative risk approach [56] Key Priorities for Garantia 1. **Increase Market Share**: Focus on residential mortgage guarantees as a primary collateral option in Finland [59] 2. **Expand Distribution**: Building partnerships with new lenders and exploring opportunities in the Baltic States and Nordics [60] 3. **Capital Optimization**: Ensure optimal use of capital to maintain solvency and provide stable dividends [60] Financial Performance - **Insurance Revenue**: €19.5 million for the last twelve months, with operating profit at €18.2 million [62] - **Dividend Payments**: Taaleri has paid €93 million in dividends to its parent company since acquiring Garantia in 2015 [63] Additional Insights - **Regulatory Impact**: Changes in financial sector regulations may favor guarantees over physical collateral, providing a potential tailwind for growth [50][52] - **Consumer Confidence**: Remains below long-term averages, affecting housing market recovery and demand for guarantees [48] Conclusion Taaleri is strategically positioned to capitalize on growth opportunities in the private capital market and the housing sector, with a strong focus on sustainability and expertise in investment management. The company aims to enhance its market presence through strategic growth initiatives and partnerships while maintaining a conservative risk profile in its operations.
Taaleri (0RF6) 2025 Earnings Call Presentation
2025-09-02 10:00
Taaleri's Strategy and Synergistic Businesses - Taaleri focuses on transformational opportunities in private capital and operates three synergistic businesses: Garantia, Private Asset Management, and Development Capital[13, 20] - Taaleri aims to capture Garantia's growth potential by increasing consumer awareness, seeking new lender partnerships, and investigating opportunities in neighboring markets[33, 37] - Taaleri plans to expand private asset management by growing fund sizes within existing strategies and expanding to new product groups[34, 38] - Taaleri targets attractive returns on development capital by combining active ownership and expertise, working with the best partners[35, 50] Market Trends and Opportunities - The private capital market is expected to grow by 10% per annum on average in Europe[25] - Taaleri SolarWind III is the largest infrastructure fund in Finland at €503 million[22] - The European and US onshore wind, photovoltaic solar, and battery storage markets are expected to grow by 513 GW by the end of 2028[125] Garantia's Performance and Strategy - Consumer guarantees represent 82% of Garantia's insurance exposure, while corporate guarantees account for 18%[75] - Garantia has distributed €93 million in dividends to Taaleri since its acquisition in 2015[105] - Garantia's strategic priorities include increasing the Residential Mortgage Guarantee market share and expanding distribution[97] Financial Targets and Performance - Taaleri's updated long-term financial targets for 2026–2028 include an average growth of 12% per annum in operating profit from continuing earnings[253] - Taaleri targets a Return on Equity (ROE) at fair value of over 15% and a dividend payout ratio of at least 50%[253] - Taaleri's average growth per annum achieved from 2023 to Q2/2025 was 105% and the weighted average ROE at fair value achieved during the same period was 134%[64]
Fortuna to present at Mining Forum Americas 2025 in Colorado Springs, USA
Globenewswire· 2025-09-02 09:00
Core Viewpoint - Fortuna Mining Corp. will participate in the Mining Forum Americas, a significant event for precious commodity equities and their investors, taking place from September 14 to 17, 2025 [1][2]. Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company operating three mines and holding exploration projects in Argentina, Côte d'Ivoire, Mexico, Peru, and the Diamba Sud Gold Project in Senegal [3]. - The company emphasizes sustainability in its operations, focusing on efficient production, environmental stewardship, and social responsibility while producing gold and silver [3]. Event Details - Jorge A. Ganoza, the President and CEO of Fortuna, will present at the Mining Forum Americas on September 15 at 11:00 a.m. Mountain Daylight Time [2]. - The Mining Forum Americas is recognized as the world's oldest and largest gathering of precious commodity equities, showcasing a significant portion of publicly traded gold and silver companies [2].
Ohmyhome (OMH) - 2025 H1 - Earnings Call Transcript
2025-09-02 02:30
Financial Data and Key Metrics Changes - For the first half of 2025, the company reported an EBITDA of $19.1 million, a significant decrease from $46.6 million in the same period of 2024, reflecting industry-wide margin compression due to falling ferrosilicon prices [6][10] - The company recorded a loss per share of $0.0125 for the first half of 2025, indicating a challenging financial environment [6] Business Line Data and Key Metrics Changes - Revenue growth was modest, driven by higher manganese ore volumes, but was offset by lower alloy volumes and weaker prices, particularly for ferrosilicon [5][10] - Manganese alloys and silicon alloys are critical for steel production, with the Sarawak plant producing these alloys as additives to strengthen steel [4] Market Data and Key Metrics Changes - Ferrosilicon prices have decreased by approximately 10.4% year-on-year compared to the first half of 2024, driven by weaker downstream demand and increased competition from Russian-origin materials [7][8] - Silicon manganese prices have remained stable, supported by stable manganese ore prices, with expectations for firm prices throughout the rest of 2025 and into early 2026 [8] Company Strategy and Development Direction - The company focuses on sustainability initiatives, including repurposing by-products to support a circular economy and maintaining ISO certifications for operational standards [12] - The company aims to leverage its competitive edge through access to affordable renewable energy and a strong customer base, positioning itself as a beneficiary in the transition to renewables [13][14] Management's Comments on Operating Environment and Future Outlook - Management anticipates stabilization of ferrosilicon prices in the near term, as current prices are viewed as unsustainably low [8] - The company is actively monitoring the implementation of a carbon tax in Malaysia, which may impact production costs in the ferroalloy sector [16][17] Other Important Information - The Bootu Creek manganese mine in Australia remains under care and maintenance, with ongoing rehabilitation efforts [9] - The company has successfully refinanced its project finance loans and reduced total debt, aligning with its strategy to lower the debt profile [11] Q&A Session Summary Question: Will the carbon tax in Malaysia impact the ferroalloy sector? - Management indicated that the carbon tax will be introduced by 2026, and OM Sarawak will likely be included under the carbon levy, awaiting further details from authorities [16][17] Question: What are the tariffs on ferrosilicon and manganese alloys exports to the U.S.? - The U.S. does not apply reciprocal tariffs on manganese alloys, while ferrosilicon is subject to a 19% tariff from Malaysia. OM Holdings has a competitive advantage over Brazil and India due to lower tariffs [18] Question: Has OMH implemented any hedging policy on ferroalloy prices? - Currently, the company does not have any hedging policies on ferroalloy prices, as there are no relevant international futures markets [19] Question: How much does the manganese supply from Shippee and Braia contribute? - Shippee's manganese ore supply is primarily exported to China, with an annual traded volume of approximately 420,000 to 460,000 tons. Braia is still under exploration with no current production [20][22]