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TransAlta Reports Third Quarter 2025 Results
Globenewswire· 2025-11-06 12:01
Core Insights - TransAlta Corporation reported solid operational performance in Q3 2025 despite challenging market conditions, with a focus on its Alberta portfolio's hedging strategy and asset optimization [2][3] - The company is progressing on key priorities, including a data centre strategy and negotiations to convert its Centralia facility to gas-fired operations [4][12] - CEO John Kousinioris announced his retirement effective April 30, 2026, with Joel Hunter set to succeed him [5][12] Financial Performance - Q3 2025 operational availability was 92.7%, down from 94.5% in Q3 2024 [6][7] - Production increased to 6,151 GWh in Q3 2025 from 5,712 GWh in Q3 2024 [6] - Revenues for Q3 2025 were $615 million, a decrease from $638 million in Q3 2024 [6] - Adjusted EBITDA for Q3 2025 was $238 million, down from $315 million in Q3 2024 [7][9] - Free Cash Flow (FCF) was $105 million, or $0.35 per share, compared to $131 million, or $0.44 per share in Q3 2024 [7][9] - Net loss attributable to common shareholders was $62 million, or $0.20 per share, compared to a loss of $36 million, or $0.12 per share in Q3 2024 [7][9] Segment Performance - Hydro segment revenues were $73 million in Q3 2025, down from $89 million in Q3 2024 [9] - Wind and Solar segment revenues increased slightly to $45 million from $44 million [9] - Gas segment revenues decreased to $110 million from $141 million [9] - Energy Transition segment revenues were $28 million, down from $34 million [9] - Energy Marketing segment revenues dropped to $17 million from $42 million [9] Key Business Developments - The company entered into a 230 MW Demand Transmission Service contract with the Alberta Electric System Operator [3][13] - TransAlta completed the sale of its 100% interest in the 48 MW Poplar Hill facility and its 50% interest in the 97 MW Rainbow Lake facility as part of regulatory requirements [14] - The company extended its committed credit facilities totaling $2.1 billion, with maturity extended to June 30, 2029 [15]
TransAlta Announces President and CEO Succession
Globenewswire· 2025-11-06 12:00
Core Points - TransAlta Corporation announced the retirement of John Kousinioris as President and CEO effective April 30, 2026, with Joel Hunter appointed as his successor [1][3] - Kousinioris has been with TransAlta since 2012, holding various senior roles, and will serve as a strategic advisor for six months post-retirement [2][4] - The Board expressed appreciation for Kousinioris's leadership during significant industry transitions and his role in defining strategic priorities for growth [3][4] Company Overview - TransAlta operates a diverse fleet of electrical power generation assets across Canada, the US, and Australia, focusing on long-term shareholder value [5] - The company is a major producer of wind power and thermal power in Canada, and the largest hydro-electric power producer in Alberta [5] - 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 [5]
They lived off savings to build their sustainable paint startup, now it’s in 8 markets
Vulcan Post· 2025-11-04 07:10
Core Insights - Gush is a Singapore-based startup that develops air-purifying paint, addressing indoor air pollution, which can be up to five times worse than outdoor air [1][2] Company Overview - Founded in 2017, Gush has evolved from a two-person team to a regional brand with numerous partners and projects [2] - The company produces sustainable, odourless paints that purify air, eliminate bacteria, regulate humidity, and prevent mould [2][8] Founding Story - The idea for Gush originated from the founders' personal experiences with air pollution, particularly after a severe haze episode in Singapore in 2015 [5][6] - The founders spent three years developing the paint formula while still in school, consulting experts and refining prototypes [6] Product Functionality - Gush's paint contains a proprietary catalyst that breaks down indoor air pollutants into harmless substances [7] - Unlike traditional paints, Gush's formula neutralizes pollutants at a molecular level and continues to work even in the dark [8] Business Model - Initially adopting a direct-to-consumer approach, Gush has shifted towards a B2B focus, serving commercial and industrial projects [11][13] - The company has delivered over 6,000 projects across various sectors, including residential and commercial spaces [16] Expansion and Funding - Gush has raised significant funding, including S$3 million in 2019 and close to S$4.7 million in a second pre-Series A round, which helped establish credibility with enterprise customers [19] - The company is expanding beyond Singapore, with a presence in Hong Kong and the Gulf Cooperation Council countries, while facing challenges such as customs and varying applicator skills [23][24] Future Plans - Gush aims to increase market share in Singapore's repainting cycles and selectively expand regionally, focusing on markets with strong product-market fit [27] - The company is investing in product development and operational tooling to enhance customer experience and operational efficiency [26]
Societe Generale: Availability of the third amendment to the 2025 Universal Registration Document
Globenewswire· 2025-10-30 16:58
Core Points - Societe Generale has filed the third amendment to the 2025 Universal Registration Document with the French Financial Markets Authority on 30 October 2025 [1] - The document is available to the public free of charge and can be accessed on Societe Generale's website and the AMF's website [2] Company Overview - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [2] - The bank has been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [2] Business Segments - The Group operates three complementary business sets, integrating ESG offerings for all clients [3] - Societe Generale aims to be a key partner in environmental transition and sustainability, being included in major socially responsible investment indices [3] Contact Information - Press contacts include Jean-Baptiste Froville and Fanny Rouby, with provided contact details for inquiries [2]
Safe and Green Development Corporation Announces Satisfaction of All Outstanding Convertible Debt
Globenewswire· 2025-10-30 13:00
Core Insights - Safe and Green Development Corporation has fully satisfied and retired all outstanding convertible debt obligations, marking a significant achievement in strengthening the company's balance sheet [1][2] - The elimination of this debt enhances the company's financial flexibility and supports its long-term goal of building sustainable value for shareholders [2] Company Overview - Safe and Green Development Corporation is a real estate development and environmental solutions company formed in 2021, focusing on acquiring and investing in properties across the United States for future development into green housing projects [2] - The company wholly owns Resource Group US Holdings LLC, which operates an 80+ acre organics processing facility in Florida, processing source-separated green waste and expanding into sustainable potting media and soil substrates production [2]
Sanoma’s Board of Directors has decided the record date and payment date of the third instalment of the dividend for 2024
Globenewswire· 2025-10-29 14:00
Dividend Information - Sanoma Corporation's Board of Directors has announced the record date and payment date for the third instalment of the 2024 dividend, which is set at EUR 0.13 per share [1] - The record date for the dividend is 4 November 2025, and the payment date is 11 November 2025 [1] - The total dividend for 2024 is EUR 0.39 per share, distributed in three instalments of EUR 0.13 each [2] Company Overview - Sanoma is described as an innovative and agile learning and media company that impacts millions of lives daily [3] - The company is committed to sustainability, aiming to maximize its positive societal impact while minimizing its environmental footprint, aligning with the UN Sustainable Development Goals [3] - Sanoma operates across Europe with nearly 5,000 employees and reported net sales of approximately EUR 1.3 billion in 2024, with an operational EBIT margin excluding PPA of 13.4% [5]
Green Building Initiative 与 Global Electronics Council 携手推动整体建筑能源效率提升
Globenewswire· 2025-10-29 04:40
俄勒冈州波特兰, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Green Building Initiative(GBI)宣布,Global Electronics Council(GEC)的 EPEAT® 生态标签将作为 GBI Ascent™ 和 Green Globes® 认证中评估产品可持续性与能效的另一种途径。 此次对接进一步强化了产品层面可持续性与建筑层面绩效之间的关联,使建筑环境中的能源效率评估更加全面。 GBI 首席执行官 Vicki Worden 表示:“我们很高兴将 EPEAT 推广为采购专业人士和制造商可信赖的资源,助力他们交付并应用现有最具能效的产品。” Global Electronics Council 首席执行官 Bob Mitchell 表示:“建筑环境中的能源消耗正呈爆发式增长,这主要源于数据中心的快速扩张,以及其中服务器、网络设备和数据存储设备日益增长的用电需求。 将 EPEAT 纳入 Green Globes 和 Ascent 认证体系,可确保数据中心及所有 GBI 认证建筑中所使用的信息与通信技术设备的能源消耗及其他所有可持续性影响降至最低。 我 ...
SATO Corporation Interim Report 1 January–30 September 2025: Portfolio investment boosts SATO’s profitable growth
Globenewswire· 2025-10-28 07:00
Core Viewpoint - SATO Corporation's interim report for January to September 2025 highlights a challenging rental market with an oversupply, yet the company continues to pursue a profitable growth strategy through acquisitions and maintaining a stable occupancy rate [4][6]. Financial Performance - For the period of January to September 2025, net sales reached EUR 235.5 million, an increase from EUR 227.0 million in the same period of 2024 [5][8]. - Net rental income was EUR 166.2 million, up from EUR 160.5 million year-on-year [5]. - Profit before taxes decreased to EUR 80.3 million from EUR 83.5 million [5]. - The economic occupancy rate was 95.2%, slightly down from 95.4% in the previous year [5][6]. - Earnings per share were EUR 0.76, compared to EUR 0.84 in the same period last year [5]. Investment and Property Management - SATO acquired nearly 1,000 apartments, increasing its total rental homes to nearly 27,000 [4][5]. - Housing investments amounted to EUR 219.4 million, significantly higher than EUR 31.7 million in the same period of 2024 [5][8]. - The average rent per square meter increased to EUR 18.51 from EUR 18.38 year-on-year [6][8]. Market Conditions - The rental market remains competitive, with over 50% of households in major cities like Helsinki, Tampere, and Turku living in rental homes [7]. - The economic uncertainty and high levels of unsold new homes are impacting the construction recovery [12]. - A recent survey indicates a growing appeal for rental housing across all age groups, viewed as a safer and more flexible option in uncertain economic conditions [15]. Sustainability and Recognition - SATO's sustainability management received top recognition in the Global Real Estate Sustainability Benchmark (GRESB), ranking first among over a thousand evaluated European real estate companies [9][7]. Outlook - The economic growth in Finland is projected to be slow, with a forecast of only 0.3% growth for 2025, but expected to improve to 1.3% in 2026 and 1.7% in 2027 [11]. - The imbalance in the rental market is anticipated to be corrected by low newbuild construction rates and urbanization trends [14].
Ottco and Royal Vopak sign strategic agreement to establish a joint venture in the special economic zone at Duqm
Globenewswire· 2025-10-27 11:22
Core Viewpoint - Oman Tank Terminal Company (OTTCO) and Royal Vopak have signed a strategic agreement to establish a joint venture in the Special Economic Zone at Duqm, reflecting a commitment to expand investments and attract foreign partnerships in a growing industrial hub [1][2]. Group 1: Joint Venture Details - The new company will be owned 51% by OTTCO and 49% by Vopak, focusing on developing and operating energy storage and terminal infrastructure at Duqm [2]. - The partnership aims to support both traditional energy flows and the evolving demands of the global energy transition towards sustainable ecosystems [2][3]. Group 2: Strategic Importance - The collaboration combines OTTCO's role in crude storage and transport with Vopak's expertise in terminal operations, positioning Duqm as a strategic location along key international shipping routes [3]. - The initiative aligns with Oman's national strategy to diversify its economy and enhance Duqm's role as a competitive global economic center [5]. Group 3: Current Operations and Capacity - OTTCO operates the Ras Markaz crude oil storage terminal with a capacity of 26.7 million barrels, including 5.2 million barrels for the Duqm Refinery, and has handled over 176 million barrels of crude oil since operations began in 2023 [4]. - The company also manages the Duqm Port storage and export terminal, having processed over 21 million barrels through 560 vessels [4]. Group 4: Investment Context - OQ Group has over USD 10 billion in total investments and partnerships in Duqm, including the Duqm Refinery joint venture with Kuwait Petroleum International [6].
Lindsay(LNN) - 2025 Q4 - Earnings Call Presentation
2025-10-23 15:00
Fiscal Year 2025 Performance - Revenue increased by $69.3 million, or 11 percent, compared to the prior year[13] - Operating income increased by $11.5 million, or 15 percent, compared to the prior year[13] - Diluted earnings per share increased by $0.77 per share, or 13 percent, compared to the prior year[13] - Free cash flow generation reached 122 percent of net earnings[7] - International irrigation revenues exceeded North America irrigation revenues for the first time in Company history[7] Fourth Quarter Performance - Revenues decreased $1.4 million, or 1 percent, compared to the prior year[10] - Operating income decreased $2.2 million, or 16 percent, compared to the prior year[10] - Diluted earnings per share decreased $0.18 per share, or 15 percent, compared to the prior year[10] Irrigation Segment - North America revenue decreased 19 percent[18] - International revenue increased 23 percent due to higher unit sales volume in South America and Australia, and higher project sales in the MENA region[20] - Operating income increased 4 percent primarily from higher revenues and positive leverage of fixed operating expenses[19] Infrastructure Segment - Revenue decreased 16 percent to $24.5 million[27, 28] - Operating income decreased 37 percent to $3.5 million due to lower revenue and a less favorable margin mix with lower Road Zipper revenues[27, 29]