RT Bloomberg Live (@BloombergLive)"Only Brazil and the UK their plans really align with this Net Zero scenario that BNEF have mapped out - the US and Canada it's closer but it's not true alignment," @business' @aaronaclark1 at #SustainableBizSummit⏯️ https://t.co/pybnzsnKOu https://t.co/3va5biP6bB ...

Financial Performance - Telefónica Group reported H1 2025 revenue of €18013 million, a decrease of 3.3% year-over-year, but an organic growth of 1.5%[20] - Service revenue reached €16263 million, down 3.3% year-over-year, with an organic increase of 1.6%[20] - The company's H1 2025 EBITDA was €5867 million, a 4.6% decrease year-over-year, but an organic growth of 0.8%[20] - Net Financial Debt stood at €27609 million, a decrease of 5.5%[20] - Free Cash Flow (FCF) from continuing operations was €291 million, a decrease of 42.4%[20] Strategic Initiatives - Telefónica is on track with its strategic review for H2 2025, focusing on customers, infrastructure advantages, industrial rationalization, and financial flexibility[13, 97] - The company is accelerating portfolio transformation in Hispam, with the sale of T Argentina for €12 billion and binding agreements for T Colombia (~€368 million), T Uruguay (FV ~€389 million), and T Ecuador (FV ~€330 million)[16, 17, 19] Operational Highlights - Spain experienced improved EBITDAaL-CapEx (+2.8%, +0.8% quarter-over-quarter) and consistent service revenue growth (+1.0%) and EBITDA growth (+1.0%)[22] - Brazil showed record EBITDA growth (+8.6%) since Q4 2023 and a robust EBITDAaL-CapEx margin (16.3%, +1.0 percentage points)[22] - Germany is focused on mitigating the impact of 1&1 migration, with commercial momentum and B2P transformation, achieving an H1 EBITDAaL-CapEx margin of 12.0% (+0.1 percentage points)[22] Guidance and Sustainability - The company reaffirmed its 2025 guidance, expecting organic revenue growth, organic EBITDA growth, organic EBITDAaL-CapEx growth, CapEx/Sales less than 12.5% organic, and FCF similar to 2024[25] - Telefónica Tech's revenue for H1 2025 was €1074 million, with an organic growth of 9.6%[78] - Telefónica Infra has 29.1 million FTTH JV premises passed, representing 35% of Telefónica's FTTH footprint[81]

Core Insights - Danone has released its half-year financial report for the period ending June 30, 2025, which is now available online [2] - The company operates in three key categories: Essential Dairy & Plant-Based products, Waters, and Specialized Nutrition, focusing on health and sustainability [3] - Danone generated €27.4 billion in sales in 2024, showcasing its significant market presence [3] Company Overview - Danone is a leading global food and beverage company with a mission to promote health through food [3] - The company employs over 90,000 people and sells products in over 120 markets [3] - Danone's portfolio includes well-known international brands such as Actimel, Activia, and evian, as well as strong local brands [3] Strategic Goals - Danone has defined its Renew strategy aimed at restoring growth, competitiveness, and long-term value creation [3] - The company aspires to achieve B Corp certification globally by the end of 2025 [3] - Danone is included in various sustainability indexes, indicating its commitment to social and environmental impact [3]

Sustainability Leadership - Asia is leading in sustainability efforts, not waiting for political directives [1] - Asia possesses a competitive advantage in sustainability compared to other regions [1]

Safety and Sustainability - The company's 12-month lost time injury frequency rate (LTIFR) was 0.05 as of the end of June 2025 [4] - There were 186 million work hours registered in the twelve months to 30 June 2025, with one lost time injury (LTI) occurring [4] - The company's 12-month rolling total recordable injury frequency rate (TRIFR) was 129 as of the end of June 2025 [4] Production and Sales - RKEF nickel metal production reached 30,463 tonnes [7] - HPAL attributable production included 2,075 tonnes of nickel and 188 tonnes of cobalt in MHP, exceeding nameplate capacity by 38% [7] - Mining operations achieved record ore sales of 3,021,678 wmt, a 6% increase compared to the previous quarter [7] Financial Performance - HPAL attributable EBITDA was US$108 million, a 51% decrease from the March quarter [7] - Mining EBITDA amounted to US$414 million, a 33% increase from the March quarter [7] - RKEF Adjusted EBITDA was US$337 million, a 24% decrease from the March quarter [7]

Financial Data and Key Metrics Changes - The company achieved revenue growth of 4.6% and adjusted EBITDA growth of 8% in the second quarter [9] - Adjusted earnings per share reached $1.77, with adjusted free cash flow of $1,420 million year to date [9][17] - Adjusted EBITDA margin expanded by 100 basis points to 32.1% [22] Business Line Data and Key Metrics Changes - Organic revenue growth was driven by strong pricing, with average yield on total revenue at 4.1% and related revenue at 5% [10][19] - Environmental Solutions revenue decreased by $11 million compared to the prior year, impacted by lower event volumes and sluggish manufacturing activity [22] - Volume performance included a 47% increase in landfill C and D volume due to hurricane cleanup and a 22% increase in landfill special waste revenue [20] Market Data and Key Metrics Changes - The company noted a decline in collection volume due to softness in construction and manufacturing end markets [11] - Recycling commodity prices fell to $149 per ton from $173 per ton in the prior year, with current prices around $130 per ton [21] - The leverage ratio at the end of the quarter was approximately 2.5 times, with total debt at $13.1 billion [23] Company Strategy and Development Direction - The company is focused on sustainability and has released a sustainability report highlighting progress towards 2030 goals [12] - Investments in employee training, plastic circularity, and decarbonization are ongoing, with a commitment to fleet electrification [15] - The acquisition pipeline remains strong, with expectations for over $1 billion in value-creating acquisitions in 2025 [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a potential recovery in manufacturing activity, despite current challenges [31][79] - The company plans to remove the impact of recent labor disruptions from adjusted results, indicating a commitment to fair negotiations with employees [18][119] - Future pricing strategies will consider tariff impacts, with expectations for a 30 to 50 basis point margin spread per year [61] Other Important Information - The company has invested nearly $900 million in strategic acquisitions year to date and returned $407 million to shareholders through dividends and share repurchases [16] - Full year 2025 financial guidance was updated, with revenue expected in the range of $16.675 billion to $16.75 billion [17] Q&A Session Summary Question: Can you parse out the $200 million reduction in the revenue guide? - The reduction is primarily due to lower volume expectations in recycling and waste, with about $65 million attributed to environmental solutions [29] Question: What is the impact of labor disruptions? - The primary impact is additional labor costs to maintain service levels for customers, with some credits issued to affected customers [39] Question: How is the M&A pipeline looking? - The pipeline remains strong, with a focus on regional deals and tuck-ins rather than transformational acquisitions [82] Question: What are the expectations for volumes in the second half of the year? - Volumes are expected to be flat to slightly negative in the second half, with some event-driven landfill volumes contributing [67] Question: How are pricing strategies evolving? - The company expects to maintain an average yield of around 5% for the full year, with slight modulation in the second half [68] Question: What is the outlook for environmental solutions? - The business is experiencing price positive but volume negative dynamics, with management optimistic about long-term growth despite current challenges [78]

Sequential Acceleration in Like-for-like Growth Further Operating Margin Expansion Commenting on these figures, Nicolas Hieronimus, CEO of L'Oréal, said: "As anticipated, L'Oréal's like-for-like growth accelerated between first and second quarter. The ongoing strength in emerging markets, the slight rebound in mainland China and the gradual recovery in North America more than offset the expected slowdown in Europe, once again validating our multi-polar model. The acceleration was supported by a gradual impr ...

Core Viewpoint - JELD-WEN Holding, Inc. has made significant progress in its sustainability efforts, emphasizing that sustainability is a key business driver and integral to its operations and product design [3][4]. Summary by Categories Products - JELD-WEN is committed to ensuring that all wood used in production is responsibly sourced by 2030 [3]. Environmental Stewardship - The company has achieved a 10% reduction in Scope 1 and Scope 2 greenhouse gas emissions since 2021 [8]. - There has been a 12% reduction in metric tons of waste sent to landfills year-over-year [8]. - Energy consumption has decreased by 7% year-over-year [8]. Social Responsibility - JELD-WEN aims to achieve a Total Recordable Incident Rate (TRIR) of less than 1.0 by 2030 [3]. - The company has reported a 5% reduction in lost time injury rate year-over-year [8]. Governance - JELD-WEN's Global Sourcing Policy compliance stands at 63% among wood suppliers [8].

Core Insights - Enviri Corporation released its 2024 Environmental, Social, and Governance (ESG) Report, showcasing its commitment to sustainability and innovation in environmental solutions [1][3] - The report emphasizes the integration of Enviri's core values into its ESG strategy, which aims to meet stakeholder expectations for environmental responsibility [2] Environmental Initiatives - Enviri's Clean Earth division reused 85 million gallons of wastewater and recycled nearly 500 metric tons of solar panels in 2024 [2] - The company recycled or reused over 16 million metric tons of waste across its divisions, with Clean Earth achieving a 91% recycling rate for specialty waste materials processed [5] Performance Metrics - Enviri improved its Total Recordable Incident Rate (TRIR) to below 1.0 in 2024, marking a 12% improvement from 2023 [2] - The Clean Earth division achieved a 99% on-time pickup service rate, reflecting the company's focus on customer satisfaction and operational excellence [2] Community Engagement - Harsco Environmental, a division of Enviri, donated 40,000 tons of steel slag for sustainable road improvement in Latin America [2] - The company fosters an inclusive workplace by investing in career development and supporting employee resource groups [2] Reporting Standards - The 2024 ESG Report aligns with leading sustainability reporting standards, including the Global Reporting Initiative and the Sustainability Accounting Standards Board [3]

Financial Performance - Total revenue decreased to £152.4 million, compared to £159.7 million in H1 2024[10, 11] - Adjusted operating profit decreased to £16.5 million, compared to £21.8 million in H1 2024[10, 11] - Adjusted operating profit margin decreased to 10.8%, compared to 13.7% in H1 2024[10, 11] - Adjusted basic EPS decreased to 3.4p, compared to 4.6p in H1 2024[10, 11] - Adjusted profit before tax decreased to £12.5 million, compared to £17.7 million in H1 2024[11] Regional Performance - EMEA revenue decreased to £82.0 million, compared to £89.4 million in H1 2024[31] - Americas revenue decreased to £50.0 million, compared to £51.3 million in H1 2024[34] - APAC revenue increased to £20.4 million, compared to £19.0 million in H1 2024[37] Strategic Initiatives - The company is targeting a medium-term adjusted operating margin of approximately 18%[25, 26] - The company is focused on market share growth and delivering on elements within its control[60] - The company is driving operational excellence to ensure enhanced levels of customer service[61] - The company is increasing its product offering in faster-growing end-markets, including selective bolt-on M&A[61]