然而， 近年来白酒巨头却频频跨界新能源。 从 茅台出资百亿设立新能源基金，到 五粮液密集布局光伏、储能、氢能，再到 习酒与中国石油共 建"白酒+能源"供应链平台，头部酒企的动作已经超出了单纯的技术改造范畴，而是试图在 被动脱碳的 转型中，找出一条 主动增长的第二曲线。 白酒，真卖不动了 对于白酒企业而言，跨界新能源属于 内外兼修。 数据显示，2025年，全国白酒产量 连续第八年产量下滑，前10月产量降幅高达 11.5%。 从内部看，酒企面临 政策与市场的双重压力。新修订的《党政机关厉行节约反对浪费条例》规定 "公务 接待不上酒"。曾经的主要消费市场正在收缩，倒逼白酒企业寻找新的增长点。 在传统认知中， 白酒与新能源，一个承载着古老的酿造智慧，一个代表着未来的能源革命，二者似乎 相隔遥远。 那么，白酒企业这些在年轻人眼中 "老登"的代名词，如何丝滑接入新能源？ 就像 把大象装冰箱，拢共分三步：第一步，解决自身痛点；第二步，开辟增长曲线，做产业投资；第 三步，生态构建，定义行业未来。 最务实的就是第一步。 赋能主业，打造绿色工厂，直接解决了酒厂高耗能的痛点。2025年， 五粮液酿 酒生产用电已全部采用绿电，并投资 ...

TAIPEI, Feb. 22, 2026 /PRNewswire/ -- CTCI Group announced that two Group companies, CTCI Corporation and ECOVE Environment Corporation, have been included as members of the Sustainability Yearbook 2026, published by S&P Global. CTCI Corp. received a score of 89 and continues to rank in the top 1% of the yearbook, leading the global construction and engineering category for the fourth consecutive year. Resource cycling service provider ECOVE Environment Corp., meanwhile, became a yearbook member for the sec ...

北交所策略专题报告 北交所 ESG 信披体系再完善：聚焦绩优股，掘金 ESG 组合领先的超额收益 北交所研究团队 ——北交所策略专题报告 | 诸海滨（分析师） | 余中天（分析师） | | --- | --- | | zhuhaibin@kysec.cn | yuzhongtian@kysec.cn | | 证书编号：S0790522080007 | 证书编号：S0790525050003 | 事件：北交所增补三项环境议题指南，ESG 披露框架持续完善 2026 年 1 月 30 日，沪深北交易所修订发布《上市公司可持续发展报告编制指南》， 增补《第三号 污染物排放》《第四号 能源利用》《第五号 水资源利用》三项议 题指南。北交所于 2025 年 1 月 17 日首次发布《指南》及其附件《第一号 总体 要求与披露框架》《第二号 应对气候变化》。北交所表示，本次修订在保持原有 框架基础上，新增《第三号 污染物排放》《第四号 能源利用》《第五号 水资 源利用》三个应用指南，进一步细化环境维度披露要求，为上市公司提供更清晰、 可操作的披露指引。三份指南主要内容均分为相关风险和机遇评估、核算、披露 要点三大板块。《第 ...

Institutional Presentation 4Q25 We Stand For People An Empowered Team Results-Driven Together We Evolve We Stand for Customers Challenge Oriented I AM BRADESCO Translation | Corporate Profile / ESG | 3-19 | | --- | --- | | Transformation Plan | 20-31 | | 4Q25 Numbers | 32-54 | | Main Banking Businesses | 55-65 | | Insurance Group | 66-79 | | Valuation and selected Bradesco stock data | 80-86 | | Adjusting the Economic Policy Mix | 87-94 | | GDP Growth Cycle | 95-102 | | Credit Cycle | 103-113 | 2 02/10/2026 ...

MOL GROUP INVESTOR PRESENTATION INSERT HEADLINE HERE FEBRUARY 2026 MOL GROUP IN BRIEF INTEGRATED CENTRAL EUROPEAN MID-CAP OIL & GAS COMPANY UPSTREAM GAS MIDSTREAM DOWNSTREAM Refining Petrochemicals CONSUMER SERVICES Retail Mobility Exploration Production WASTE MANAGEMENT CLEAN CCS EBITDA BY SEGMENTS IN 2025 (USD MN)1 | UPSTREAM | | | DOWNSTREAM | | | CONSUMER | GAS | | --- | --- | --- | --- | --- | --- | --- | --- | | 1,125 | | | 1,453 | | | 927 | 208 | | KEY FIGURES | | | | | | | | | | | CAPITAL MARKETS | ...

Core Insights - Sika reported a revenue of CHF 11,201.3 million for 2025, a decrease of 4.8% compared to 2024, but a 0.6% increase in local currencies, indicating market share gains despite challenging global conditions [3][4][19] - The company is implementing the "Fast Forward" program to enhance organizational agility, innovation, and efficiency, expecting a positive EBITDA effect of CHF 150 to 200 million in the coming years [2][11] - Sika anticipates a revenue growth of 3 to 6% in local currencies for 2026, despite a weaker first half of the year, with an expected EBITDA margin of 19.5 to 20.0% [2][18] Financial Performance - The material margin improved to 54.9% in 2025 from 54.5% in 2024, reflecting a strong focus on cost management and efficiency [4][5] - EBITDA for 2025 was CHF 2,064.7 million, down from CHF 2,269.5 million in 2024, with an EBITDA margin of 18.4%, which would be 19.2% when adjusted for one-time costs related to the Fast Forward program [4][5][19] - Net profit for 2025 was CHF 1,045.3 million, a decrease of 16.2% from CHF 1,247.6 million in 2024, with earnings per share dropping to CHF 6.50 from CHF 7.76 [6][19] Market Dynamics - Sika's largest region, EMEA, saw a revenue growth of 2.2% in local currencies, with strong performance in the Middle East and Africa [7] - In the Americas, revenue growth was also 2.2% in local currencies, impacted by a government shutdown affecting commercial construction [8] - The Asia-Pacific region experienced a decline of 5.3% in local currencies, primarily due to a significant drop in the Chinese construction market, although excluding this, the region showed positive organic growth of 2.5% [9] Strategic Initiatives - The Fast Forward program aims to streamline operations and enhance digital transformation, with expected annual savings of CHF 150 to 200 million starting from 2028, and CHF 80 million anticipated in 2026 [10][11] - Sika is committed to improving its ESG performance, achieving a 6.1% reduction in greenhouse gas emissions and a 14.1% decrease in accidents with lost time [12] Dividend and Governance - The Board of Directors proposed an increase in the gross dividend to CHF 3.70 per share, up 2.8% from the previous year [14] - New board members are proposed for election at the upcoming general meeting, with a focus on enhancing governance and strategic oversight [15]

Lake Resources (ASX: LKE) is uniquely positioned to deliver sustainable, battery-grade lithium carbonate from its Kachi Project in Argentina, leveraging direct lithium extraction technology to meet escalating global demand with a reduced environmental footprint.This approach addresses the critical need for a high-purity lithium supply using environmentally superior methods, differentiating it from conventional brine extraction.The ThesisLake Resources aims to become a significant, responsible producer of ba ...

Core Viewpoint - The core of improving the modern enterprise system with Chinese characteristics is corporate governance, which is also essential for building world-class enterprises. The latest report indicates an overall improvement in corporate governance, with specific indices related to minority investor protection, board governance, entrepreneurial capability, and financial governance showing upward trends. However, there are declines in voluntary information disclosure and executive compensation indices, reflecting economic pressures on corporate performance [1]. Group 1: Corporate Governance Indices - The report highlights an upward trend in indices related to minority investor rights protection, board governance, entrepreneurial capability, and financial governance, indicating positive changes in corporate governance [1]. - The voluntary information disclosure index has decreased, suggesting a need for improvement in transparency [1]. - The executive compensation index has also declined, indicating a mismatch between executive pay and their contributions, likely due to economic pressures affecting corporate performance [1]. Group 2: Strengthening Shareholder Rights - To effectively strengthen constraints on major shareholders and protect minority shareholder rights, three key issues need to be addressed: the excessive control of major shareholders, the need for legislative reforms to increase the cost of infringement, and the adoption of principles from the G20/OECD to ensure effective remedies for all shareholders [2]. Group 3: Mixed Ownership and Governance Structure - The development of mixed ownership and enhancing investor confidence could involve allowing the general manager to also serve as the party secretary, with independent or external directors as chairpersons. This structure aims to improve board independence and decision-making effectiveness [3]. - The independence of the board is crucial for representing all shareholders and enhancing confidence from social and foreign capital [3]. - Company charters should clarify the checks and balances among governance bodies to avoid administrative dominance and ensure effective corporate governance [3].

Core Insights - Aegon's 2025 results reflect the effectiveness of its strategy, achieving or surpassing all financial targets set during the 2023 Capital Markets Day [3] - The company generated EUR 1.3 billion in operating capital, exceeding its EUR 1.2 billion target, and reported EUR 829 million in free cash flow, aligning with its target of approximately EUR 800 million for 2025 [4][6] Financial Performance - Aegon reported a full-year IFRS operating result of EUR 1.7 billion, marking a 15% increase compared to 2024 [4] - The net result for 2025 was EUR 980 million, a 45% increase from 2024, while the net result for the second half of 2025 was EUR 375 million, down from EUR 741 million in the second half of 2024 [7] - The operating result for the second half of 2025 was EUR 858 million, an 11% increase from the second half of 2024, driven by growth across all business units [7] Capital Management - Aegon returned EUR 1.1 billion to shareholders through dividends and share buybacks in 2025 [6] - A proposed final dividend of 21 eurocents per share for 2025 represents an 11% increase compared to the final dividend of 2024, meeting the target of EUR 0.40 for the full year [6][7] Business Unit Performance - Transamerica's distribution network expanded to over 95,000 licensed agents, achieving a record 30% increase in individual new life sales in 2025 compared to 2024 [5] - The asset management business generated EUR 1.0 billion in net third-party inflows in 2025, while the UK Workplace Platform saw GBP 2.4 billion in net inflows [5] Strategic Focus - Aegon is focused on executing plans outlined at the 2025 Capital Markets Day, including relocating its head office and legal seat to the US [7]

Inc. quietly dropped a so-called “ESG modifier” from its 2025 pay packages for Chief Executive Officer Tim Cook and other top executives, according to a corporate filing last month. The provision, in place since 2021, had allowed Apple’s board to adjust annual bonuses up or down by as much as 10% depending on the company’s performance on a variety of measures, including greenhouse-gas reductions and renewable energy use among suppliers.Apple’s move follows similar decisions at dozens of companies, includin ...