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Polestar announces equity financing transaction of USD 300 million and a USD 300 million debt to equity conversion
Businesswire· 2025-12-19 21:15
Core Viewpoint - Polestar has secured a USD 300 million equity investment from Banco Bilbao Vizcaya Argentaria, S.A. and NATIXIS, enhancing its liquidity and balance sheet strength [1][3] Investment Details - Each financial institution is investing USD 150 million, and they have entered into a put option arrangement with Geely Sweden Holdings AB, allowing for an exit path in three years [1] - Geely Sweden Holdings AB will convert approximately USD 300 million of outstanding principal and interest owed by Polestar into equity, pending regulatory approvals [2] - The price per Class A ADS for the investment will be USD 19.34, based on the volume-weighted average price over the last three months [3] Company Background - Polestar is a Swedish electric performance car brand focused on design and sustainability, with operations in 28 markets globally [5] - The company has four models in its lineup and plans to introduce additional models, including the Polestar 7 compact SUV in 2028 [6] Sustainability Commitment - Polestar aims to halve greenhouse gas emissions per vehicle sold by 2030 and achieve climate neutrality across its value chain by 2040, focusing on Climate, Transparency, Circularity, and Inclusion [7]
What We Throw Away Will Decide Our Future | Ambreen Bilal Sheikhani | TEDxRoshni Chowk
TEDx Talks· 2025-12-19 16:36
In this TEDx talk, Ambreen explores how some of the most powerful businesses are born from society’s hardest problems. She reflects on how the COVID-19 lockdown exposed a critical contradiction: while cities shut down, waste continued to accumulate, revealing deep gaps in waste management, environmental responsibility, and opportunity. The talk challenges the stigma around waste collection, highlighting the systemic barriers, informal networks, and resistance faced by anyone attempting to formalize the sect ...
A Hopeful Approach to Plastic-Free Design | Nichola Tucker Gray | TEDxGreatPacificGarbagePatch
TEDx Talks· 2025-12-19 16:17
Brand Philosophy & Sustainability - The brand started with a feeling of creating something richer, more intentional, and more human, rather than a mission statement [1] - Sustainability should feel good, not guilt-driven, and creating plastic-free products should be about designing an experience people love [5] - Following instincts can be the first act of sustainability [5] - The brand emphasizes innovating the formula (waterless and solid products) to innovate packaging, rather than just swapping out plastic [7] Product & Packaging Innovation - Most lotions and creams are 80% to 90% water, contributing to the beauty industry's 120 billion units of plastic packaging annually [6] - Waterless and solid products eliminate the need for plastic bottles, pumps, and preservatives, reducing the carbon footprint [7] - The company uses predictive algorithms to monitor temperatures on shipping routes and corn-based dissolvable liners to insulate packages [10][11] Challenges & Growth - The brand faces challenges in scaling due to the melting of lotion bars in hot weather, requiring innovation to maintain product integrity and brand values [8][9] - The company partners with material suppliers to develop next-generation plastic-free packaging solutions [11] - To solve plastic pollution, the industry needs to reimagine experiences end-to-end, focusing on what replaces the bottle rather than just the plastic [13]
American Water Recognized on Newsweek's America's Most Responsible Companies 2026 List
Prnewswire· 2025-12-19 14:37
Core Insights - American Water has been recognized as one of America's Most Responsible Companies for the sixth consecutive year, highlighting its commitment to sustainability [2][3] Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states and 18 military installations [4] - The company has a history dating back to 1886 and emphasizes providing safe, clean, reliable, and affordable drinking water and wastewater services [4] Sustainability Commitment - The recognition from Newsweek reflects American Water's dedication to integrating sustainability principles into all operations, reinforcing its commitment to the communities it serves [2] - The company's sustainability principles are detailed in its latest Sustainability Report [2] Financial and Operational Strategy - American Water drives financial sustainability through disciplined capital investment and regulatory execution, supporting business growth and long-term shareholder value [5] - The capital program is funded by operating cash flow and a balanced mix of debt and equity issuances to maintain a healthy balance sheet [5] - The company focuses on delivering safe, clean, reliable, and affordable services through efficient and compliant operations, aligning with regulatory and policy standards [5] Workforce and Culture - American Water fosters a high-performing workforce by attracting and retaining employees who share its purpose and values, driving innovation and operational improvement [5]
The Proof Economy Is No Longer Theoretical, Diginex Is Already Monetizing It
Accessnewswire· 2025-12-19 12:30
Core Insights - Corporate accountability has primarily been represented through presentations, including ESG decks and sustainability summaries, along with carefully worded disclosures [1] Group 1 - The focus on corporate accountability has shifted from mere presentations to more substantive measures [1]
WuXi Biologics Achieves CDP Highest "A" Ratings in Both Climate Change and Water Security
Prnewswire· 2025-12-19 09:30
Core Viewpoint - WuXi Biologics has been recognized with "A" ratings by CDP for both Climate Change and Water Security in 2025, highlighting its commitment to environmental stewardship and transparency [1] Climate Change Leadership - The "A" rating for Climate Change reflects WuXi Biologics' strong environmental performance and its validated integrated climate change strategy, aiming for net-zero emissions across its value chain by 2050 [2] - The company has implemented initiatives such as energy efficiency programs, process optimization, and renewable energy adoption, with its biologics facility in Ireland operating on 100% renewable electricity [2] Water Security Excellence - WuXi Biologics has achieved a place on the CDP Water Security "A" List for the third consecutive year, demonstrating its commitment to sustainable water management [3] - The company aims to reduce water consumption intensity by 30% by the end of 2025 compared to a 2019 baseline and has launched a Water Excellence Stewardship program covering various aspects of water management [3] Supplier Engagement - Earlier in the year, WuXi Biologics received an "A" rating in the CDP's Supplier Engagement assessment, recognizing its efforts to drive climate action across its value chain [4] - The company collaborates with global suppliers to promote a sustainable economy through a comprehensive supply chain management system and Scope 3 emissions tracking [4] Leadership Commentary - Dr. Chris Chen, CEO of WuXi Biologics, expressed pride in receiving the "A" ratings, reinforcing the company's commitment to sustainability and its role as a leader in green biologics [5] Industry Recognition - WuXi Biologics has received multiple accolades for its sustainability efforts, including an MSCI AAA Rating, EcoVadis Platinum Medal, and recognition in various sustainability indices [5] Company Overview - WuXi Biologics is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) providing end-to-end solutions for biologics [6] - The company employs over 12,000 skilled professionals across multiple countries and supports 864 integrated client projects, including 24 in commercial manufacturing as of June 30, 2025 [7] Commitment to Sustainability - The company views sustainability as essential for long-term growth and continuously innovates in green technology to provide advanced CRDMO solutions [8]
Sai Life Sciences Releases Sustainability Report 2024–25
Globenewswire· 2025-12-19 07:39
Core Insights - Sai Life Sciences Limited released its Sustainability Report for 2024–25, focusing on "Driving climate action, deepening stakeholder trust" and aligning with GRI and SASB standards [1][2] Sustainability Strategy - The company's sustainability strategy is based on nine strategic pillars: water stewardship, climate action, circularity, biodiversity, sustainable procurement, human capital, governance and ethics, community engagement, and customer co-creation [2][3] - These pillars integrate sustainability into all operational stages, aligning with business objectives and stakeholder expectations [2] Sustainable Development Goals - Sai Life Sciences has defined Sustainable Development Goals (SDGs) to meet its sustainability commitments by March 31, 2027, with ongoing progress in greenhouse gas reduction and renewable energy usage [3][4] - The API manufacturing unit in Bidar is powered by 96% renewable energy, and the company has reduced specific water consumption across its facilities [3] Community Impact - The company exceeded its commitment to provide education and livelihood opportunities for 8,000 individuals from underprivileged communities, demonstrating significant community impact [3] Workforce Diversity - The organization has seen steady growth in diversity, with women representing 14% of the workforce [3] Long-term Vision - The 2024–25 Sustainability Report reflects the company's long-term view, emphasizing science, responsibility, and collaboration as central to its growth ambitions [4]
CHAGEE Releases Inaugural Sustainability Report
Globenewswire· 2025-12-19 06:00
Core Insights - Chagee Holdings Limited has released its inaugural Sustainability Report for 2024, marking a significant milestone in the fresh tea beverage industry's sustainability journey [1] - The report highlights the company's integration of sustainability across its entire value chain, emphasizing cultural heritage, industrial collaboration, and ecological protection [2] Group 1: Company Overview - Chagee is a leading premium tea drinks brand founded in 2017, transforming traditional tea culture into a modern lifestyle experience [7] - The company aims to connect the world through tea, achieving progress in market expansion, product innovation, social responsibility, and global presence [3] Group 2: Sustainability Themes - **Culture**: Chagee partners with traditional artisan communities and cultural heritage programs to preserve techniques and promote Chinese tea culture globally [4] - **Connection**: The company has donated over RMB 4 million to build 37 multifunctional playgrounds benefiting over 5,000 rural children and operates silent stores for hearing-impaired individuals [4] - **Health**: Chagee ensures customer safety and health throughout the product life cycle and became the first fresh tea beverage brand to implement Shanghai CDC's "Nutritional Grading" standards [6] - **Ecology**: The company has built fresh milk supply networks reducing transportation carbon emissions by 70% and promotes sustainable packaging and new energy vehicle usage [5] Group 3: Social Responsibility and Employee Care - Chagee engages in disaster relief and supports underprivileged groups while ensuring rigorous health standards [7] - The "Night Clean Plan" covers approximately 1,000 stores, focusing on employee safety and work-life balance [6]
Primaris REIT Publishes Third Annual Sustainability Report and Green Bond Allocation Report
Businesswire· 2025-12-18 22:50
Core Insights - Primaris Real Estate Investment Trust has published its third Sustainability Report and Green Bond Allocation Report, detailing its sustainability initiatives and financial disclosures [1][2][3] Sustainability Report Highlights - The Sustainability Report outlines Primaris' updated sustainability plan, governance practices, and metrics impacting its business, with a focus on transparency [1] - The report includes data for the year ended December 31, 2025, and an analysis of utilities and greenhouse gas emissions for the year ended December 31, 2024 [1] Green Finance Framework - In June 2025, Primaris introduced its Green Finance Framework, allowing for the issuance of green bonds and loans [2] - The Green Bond Allocation Report details the allocation of proceeds to eligible green projects and received a Second Party Opinion from Moody's confirming its alignment with the International Capital Market Association's Green Bond Principles [2] Financial and Environmental Achievements - Primaris issued $450 million in green bonds to fund green building acquisitions and completed property-level decarbonization plans [3] - The company achieved a 5.5% reduction in like-for-like greenhouse gas emissions year-over-year and a 10% reduction against the baseline year of 2022 [5] - 100% of shopping centers are green building certified, and 83.3% of new retail leases signed in 2025 are considered "green" [5] Social Impact - Primaris donated over $1 million to local organizations and contributed more than 67,000 pounds of food to those in need [3] - The company achieved an 83% tenant satisfaction score and implemented a data tracking system for community engagement activities [5] Governance and Performance Metrics - Primaris achieved a GRESB 3-star rating in 2025, scoring 84 on a 100-point scale, and received Sector Leader Status for Retail in the Americas [5] - The company maintains an "A" MSCI ESG Rating and has established sustainability targets linked to business performance metrics [6]
CMC Publishes 2025 Sustainability Report
Prnewswire· 2025-12-18 21:15
Core Insights - Commercial Metals Company (CMC) published its 2025 sustainability report, highlighting its industry-leading environmental performance and progress on social and governance issues [1][2] - This year marks the eleventh year of sustainability reporting for CMC, emphasizing its commitment to sustainable practices [1][2] Environmental Performance - The sustainability report showcases updates on CMC's environmental management systems, reinforcing its dedication to sustainability [1] Social and Governance Issues - CMC's CEO, Peter Matt, stated the company's commitment to making a positive impact on a sustainable future, indicating a focus on long-term success through sustainable practices [2] Company Overview - CMC is positioned as an innovative solutions provider in the construction sector, with a manufacturing network primarily in the United States and Central Europe [2] - The company offers products and technologies that address critical reinforcement needs across various construction applications, including infrastructure and energy generation [2]