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JBDI Holdings Reports Financial Results for Fiscal Year Ended May 31, 2025
Globenewswire· 2025-10-15 11:00
Core Viewpoint - JBDI Holdings Limited reported a decline in financial performance for FY 2025, with total revenue decreasing by 10.1% due to reduced demand for reconditioned containers and increased operational costs, despite achieving significant cash reserves from its IPO [2][3][4]. Financial Performance - Total revenue for FY 2025 was $8.4 million, down from $9.4 million in FY 2024 [2][5]. - The company recorded a net loss of $2.7 million in FY 2025, compared to a net loss of $1.0 million in FY 2024, reflecting increased administrative expenses and revenue contraction [3][5]. - Gross profit decreased to $3.4 million with a gross margin of 39.7%, down from 45.5% in FY 2024 [3][5]. Revenue Breakdown - Revenue from reconditioned containers accounted for 63.1% of total revenue, totaling $5.3 million, which was a 15.6% decrease from FY 2024 [6]. - Sales of new containers increased by 13.7% to $755,000, while reconditioning services and sales of recycled materials showed slight declines [6]. - Singapore remained the primary market, contributing 87.9% of total revenue, although this was a decrease from the previous year [7][8]. Operating Expenses - Operating expenses rose to $6.3 million, primarily due to increased legal and professional fees related to the IPO [9]. - Administrative expenses accounted for 72.6% of revenue, reflecting a significant increase from FY 2024 [9]. Balance Sheet and Liquidity - As of May 31, 2025, JBDI held cash and cash equivalents of $2.7 million, a substantial increase from $0.2 million at the end of FY 2024 [4][12]. - Current assets totaled $4.8 million, with current liabilities at $2.4 million, indicating a healthy liquidity position [11][12]. Management Commentary - The CEO highlighted challenges in demand and cost pressures but noted progress through the IPO, which strengthened the balance sheet and positioned the company for future growth [13]. - The company aims to enhance operational efficiency and expand its services in line with sustainability trends [13]. Outlook - JBDI anticipates gradual revenue recovery driven by renewed customer demand and cost optimization initiatives, with plans to invest in supply chain resilience [14].
X @BitMart
BitMart· 2025-10-15 03:49
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African vs. Western design: Building belonging | Adonia Mankou Yanate | TEDxUniversityofPretoria
TEDx Talks· 2025-10-14 15:17
Across Africa, our cities are rising fast. Towers of glass, highways of concrete, imported blueprints are all over the land. At first glance, this looks like progress.But I'd love to ask you, progress for who. And progress that looks like what. Because while our cities look modern, they often don't feel African.We're building for appearances and not for belonging. I'd like to challenge you today to see that design is not neutral. Because the way we built today will impact the way generations of Africans liv ...
Rolling Stone Started the Chorus and SMX Ended It with an Ultimate Mic Drop (NASDAQ:SMX)
Accessnewswire· 2025-10-14 15:00
Core Insights - Rolling Stone has entered the sustainability conversation, emphasizing the need for tangible proof over mere promises regarding plastic use [1] Group 1 - The article highlights a significant cultural shift towards sustainability, indicating that actions are now valued more than promises in addressing environmental issues [1] - The phrase "Plastic promises are dead and proof is the new flex" suggests a growing demand for accountability and measurable results in sustainability efforts [1]
Frieze Director Eva Langret Is Steering The Art Fair Through A Time Of Change
Forbes· 2025-10-14 14:17
Core Insights - Frieze has evolved into a significant global art fair, expanding its reach and influence over the past two decades, now hosting events in multiple cities worldwide [2][3] - The fair aims to balance commercial interests with cultural depth, fostering a space for dialogue and experimentation in the arts [3][9] Frieze's Evolution and Vision - Since its inception in 2003, Frieze has become a cultural barometer and a marketplace for artists and galleries [2] - Eva Langret, the director for Europe, the Middle East, and Africa, emphasizes the importance of connection and sustainability in the fair's development [4][9] - The fair has adapted to changes in the art world, focusing on nurturing the ecosystem that supports artistic growth [4][10] Diversity and Representation - Diversity is a core value embedded in the fair's structure, influencing curation and participation [5][7] - Initiatives like "Artist-to-Artist" support emerging artists and promote diverse voices within the art community [6][10] Role of Art in Society - Frieze positions itself as a civic space for open dialogue, allowing complex conversations to occur through art [7][8] - The fair aims to support artists and galleries that take risks, thereby protecting freedom of expression [8][9] Sustainability Efforts - Sustainability is a strategic priority for Frieze, addressing environmental impact through various initiatives [11][12] - The fair is committed to reducing carbon emissions and promoting social and cultural responsibility [12][13] Local and Global Identity - Frieze maintains a balance between London's local cultural identity and its international scope, welcoming galleries from over 40 countries [10][11] - The fair reflects London's creative energy while connecting it to global conversations in contemporary art [10][11]
DTE Energy releases annual Sustainability Report, showcasing progress toward cleaner, more reliable and affordable energy
Prnewswire· 2025-10-14 13:12
Core Insights - DTE Energy has released its 2024 Sustainability Report, showcasing its progress in generating cleaner, reliable, and affordable energy [1][2] - The report emphasizes the company's commitment to sustainability, operational goals, and positive community impact, while outlining future objectives such as eliminating coal use by 2032 and achieving net-zero carbon emissions [2] Company Overview - DTE Energy is a diversified energy company based in Detroit, serving 2.3 million electric customers and 1.3 million natural gas customers in Michigan [4] - The company is focused on custom energy solutions, renewable energy generation, and energy marketing and trading, while accelerating its carbon reduction goals [4]
Edible Garden Now Available at Kroger’s
Globenewswire· 2025-10-14 12:30
Core Insights - Edible Garden AG Incorporated has begun shipping fresh potted and cut herbs to Kroger, marking a significant expansion in its distribution network and commitment to sustainable growth [2][4]. Company Overview - Edible Garden is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce [5]. - The company operates advanced vertically integrated greenhouses and processing facilities in multiple locations, including New Jersey, Michigan, and Iowa [5]. - Edible Garden's products are available in over 5,000 retail locations across the U.S., Caribbean, and South America [5]. Strategic Initiatives - The partnership with Kroger aligns with Edible Garden's Zero-Waste Inspired® mission and Kroger's Zero Hunger | Zero Waste initiative, emphasizing a shared commitment to sustainability and community-focused food systems [4]. - The company utilizes proprietary technologies, such as the GreenThumb 2.0 software and patented Self-Watering displays, to enhance product freshness and reduce environmental impact [6]. Product Offerings - Edible Garden offers a variety of fresh herbs, nutrition products, and specialty food items, including plant and whey protein powders, gourmet sauces, and fermented products [7]. - The company is recognized as a FoodTech 500 firm and is involved in Walmart's Project Gigaton sustainability initiative [7].
Enviri Corporation Announces Timing of Third Quarter 2025 Results and Conference Call
Globenewswire· 2025-10-14 12:00
Core Viewpoint - Enviri Corporation will release its third quarter 2025 earnings results on November 10, 2025, before the NYSE market opens, and will host a conference call at 9:00 a.m. ET on the same day [1][3]. Company Overview - Enviri is a global leader in providing a wide range of environmental services and innovative solutions, focusing on recycling and reuse solutions for waste streams [3]. - The company operates in over 150 locations across more than 30 countries, helping customers address complex environmental challenges and achieve sustainability goals [3]. Conference Call Details - The conference call for investors and financial analysts is scheduled for November 10, 2025, at 9:00 a.m. ET [3]. - Dial-in numbers are provided for both US (+1 (844) 539-1331) and international (+1 (412) 652-1264) participants [3]. - The call will be accessible via the company's website, and an archived version will be available for those unable to attend live [2]. Investor and Media Contacts - Investor contact is David Martin, reachable at +1.267.946.1407 or dmartin@enviri.com [4]. - Media contact is Karen Tognarelli, available at +1.717.480.6145 or ktognarelli@enviri.com [4].
Diginex Launches diginexGHG: AI-Powered Platform Revolutionizing Carbon Accounting Amid Surging Global Regulations and Market Growth
Globenewswire· 2025-10-14 11:30
Core Insights - Diginex Limited is launching an AI-automated Corporate Carbon Footprint solution named diginexGHG, certified according to the Greenhouse Gas Protocol, to help organizations manage their greenhouse gas emissions efficiently [1][5] - The global carbon accounting software market is projected to grow from $18.56 billion in 2024 to $51.64 billion in 2029, reflecting a compound annual growth rate (CAGR) of 22.9%, driven by the need for scalable tools to measure and reduce emissions [2] - New regulations, such as California's Climate Corporate Data Accountability Act and Climate-Related Financial Risk Act, are imposing stringent reporting requirements on companies based on their annual revenues, compelling them to adopt robust carbon accounting solutions [2][4] Company Overview - Diginex Limited is a sustainable RegTech company that utilizes blockchain, AI, and machine learning to enhance transparency in corporate regulatory reporting and sustainable finance [6] - The diginexGHG platform integrates with existing business systems to automate carbon management and reporting compliance, allowing companies to focus on strategic sustainability goals [5] - Diginex's products support various global frameworks, including GRI, SASB, and TCFD, providing end-to-end support for sustainability data collection and reporting [7][8] Market Trends - There is a growing global trend towards implementing disclosure requirements for businesses aligned with International Financial Reporting Standards (IFRS) and related climate disclosure frameworks [3] - Countries like the UK, Australia, Canada, Singapore, Japan, and China are actively rolling out these requirements, which will further drive demand for carbon accounting solutions [3] - The alignment of ISO standards with GHG Protocol methodologies aims to enhance consistency and credibility in corporate climate reporting, increasing the urgency for businesses to comply [4]
Johnson Matthey sees sustainability opportunity ahead for ICEs
Yahoo Finance· 2025-10-14 11:28
Core Insights - The share of combustion engine vehicles in global automotive sales is declining due to the rise of electrification, but they will still play a significant role in sustainability strategies for the foreseeable future [1][2] - The emission control business for combustion engines is experiencing a long-term decline as battery electric vehicles gain market share, particularly in regions with supportive infrastructure and policies [2] - Internal combustion engine (ICE) vehicles will remain a significant part of the automotive landscape for several years, especially in markets lacking affordable low-carbon alternatives and necessary infrastructure [3] Company Strategy - The company has a clear strategy to navigate the transition towards electrification by working closely with existing customers to innovate and address their evolving technical and operational challenges [4][6] - The approach is technology-neutral, recognizing that various solutions, including clean ICE, alternative fuels, hybrids, and hydrogen, will contribute to decarbonizing transport in the medium term [5] - Continued investment in auto catalyst technologies is essential to meet stringent emissions regulations and changing market requirements [5] Customer Base - The primary customer base includes leading global automotive manufacturers, supplying advanced emission control solutions for both light-duty and heavy-duty vehicles [8] - The products support a wide range of powertrains, including traditional ICE, hybrids, and emerging hydrogen technologies, aligning with global shifts in transport decarbonization [8]