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STMicroelectronics Reports on Resolutions to be Proposed at the 2025 Annual General Meeting of Shareholders
GlobeNewswire News Room· 2025-03-27 21:40
Core Points - STMicroelectronics announced resolutions to be proposed at the 2025 Annual General Meeting of Shareholders scheduled for May 28, 2025 [2] - The record date for shareholders to participate in the AGM is set for April 30, 2025 [2] Financial Resolutions - Adoption of the statutory annual accounts for the year ended December 31, 2024, prepared in accordance with IFRS [3] - Distribution of a cash dividend of US$ 0.36 per outstanding share, to be paid in quarterly installments of US$ 0.09 from Q2 2025 to Q1 2026 [3] - Approval of stock-based compensation for the President and CEO and the Chief Financial Officer [3] Board Appointments and Authorizations - Appointment of Werner Lieberherr to the Supervisory Board for a three-year term [3] - Reappointment of Ms. Anna de Pro Gonzalo and Ms. Hélène Vletter-van Dort to the Supervisory Board for three-year terms [3] - Appointment of PricewaterhouseCoopers Accountants N.V. as the external auditor for financial years 2026-2029 [3] - Authorization for the Managing Board to repurchase shares until the conclusion of the 2026 AGM [3] - Delegation of authority to the Supervisory Board to issue new common shares and limit existing shareholders' pre-emptive rights until the end of the 2026 AGM [3] Dividend Schedule - The quarterly dividend payment schedule includes specific ex-dividend and record dates for Q2, Q3, Q4 of 2025, and Q1 of 2026 [6] Company Overview - STMicroelectronics is a global semiconductor leader with 50,000 employees and over 200,000 customers, focusing on sustainable technology solutions [7] - The company aims to achieve carbon neutrality in all direct and indirect emissions by the end of 2027 [7]
Apple accused of greenwashing in US lawsuit
TechXplore· 2025-02-28 09:40
Core Viewpoint - A lawsuit has been filed against Apple, alleging that the company's claims of carbon neutrality through two forest projects are misleading, as these projects would be occurring regardless of Apple's involvement [2][3]. Group 1: Lawsuit Details - A group of Apple Watch buyers has accused Apple of exaggerating the environmental benefits of its smartwatch production [2]. - The lawsuit argues that the two nature-based projects cited by Apple for carbon neutrality do not provide genuine carbon reductions [3]. - Plaintiffs are seeking class-action status to represent all buyers of specific Apple Watch models [5]. Group 2: Project Claims - The Chyulu Hills Project is claimed to generate carbon credits by preventing deforestation, but the land has been legally protected from deforestation since 1983 [4]. - The Guinan Project claims to have planted trees on barren land, but the area was already heavily forested prior to the project's initiation [4]. Group 3: Company Response - Apple has rejected the allegations, stating that it has reduced emissions for the Apple Watch by over 75% and is investing significantly in nature-based projects to remove hundreds of thousands of metric tons of carbon from the atmosphere [3]. - The company claims to have retired 485,000 metric tons of carbon dioxide equivalents primarily through the Chyulu Hills Project and the Guinan Project [3]. Group 4: Greenwashing Concerns - The lawsuit highlights concerns about greenwashing, suggesting that companies may exaggerate their environmental efforts to capitalize on growing environmental consciousness without achieving genuine sustainability [5][6]. - It is noted that carbon neutrality claims based on offsetting are particularly vulnerable to greenwashing when relying on ineffective or redundant offset projects [6].