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Summit Ridge Energy Announces Solar Energy Agreement with Digital Realty to Power Data Centers in Illinois
GlobeNewswire News Room· 2025-05-22 13:33
Core Insights - Summit Ridge Energy has partnered with Digital Realty to purchase 5.1 megawatts (MW) of solar energy, supporting Digital Realty's sustainability goals and energy cost savings [1] - The solar projects will enhance grid resilience in Illinois and create hundreds of construction and manufacturing jobs [2] - Digital Realty's commitment to renewable energy is part of a broader trend in the technology sector, driven by increasing energy demands [4] Company Overview - Summit Ridge Energy is the leading commercial solar company in the U.S., with over 2 gigawatts (GW) of solar power operating and in development [5] - The company has raised over $5 billion in project capital since its launch in 2017, financing more than 200 solar farms [6] - Digital Realty operates a global data center platform with over 300 facilities across 25 countries, providing a range of data center and interconnection solutions [7] Project Details - The solar energy purchase includes renewable energy credits from three Summit Ridge-owned solar projects in Illinois, expected to be operational by late 2025 to early 2026 [1] - The partnership aims to integrate more renewable energy into Digital Realty's operations while contributing to a more resilient power grid [4] - Summit Ridge's solar projects are part of a larger initiative to enhance grid stability, including voltage support and frequency regulation [4]
Allbirds Announces Two New Distributor Agreements
Globenewswire· 2025-05-22 13:00
Core Insights - Allbirds, Inc. has signed distribution agreements to expand its presence in Central and South America, as well as Southern Europe [1][2] - Kiwi Life Group and Trendy King have been appointed as exclusive distributors for Allbirds in their respective regions [2][4] Group 1: Distribution Agreements - Allbirds has partnered with Kiwi Life Group for exclusive distribution in Central America, the Caribbean, Chile, and Colombia [2] - Trendy King will serve as the exclusive distributor for Allbirds in Spain and Portugal [2] Group 2: Strategic Goals - The company aims to build a strong presence in new geographies to drive long-term profitable growth [3] - Allbirds is focused on enhancing its product, marketing, and customer experience initiatives [3] Group 3: Distributor Insights - Kiwi Life Group is dedicated to introducing innovative footwear brands to Latin America and the Caribbean, emphasizing sustainability [3] - Trendy King has over 30 years of experience in the fashion industry and specializes in multichannel commercial solutions [4] Group 4: Company Overview - Allbirds is a modern lifestyle footwear brand founded in 2015, known for its commitment to sustainability and comfort [5] - The brand utilizes natural materials such as Merino wool, tree fiber, and sugarcane in its products [5]
Core Molding Technologies Publishes Its 3rd Annual Sustainability Report
Globenewswire· 2025-05-22 12:00
Core Company Overview - Core Molding Technologies, Inc. is a leading engineered materials company specializing in molded structural products across various industries including building products, industrial utilities, medium and heavy-duty trucks, and powersports in North America [3] - The company operates in one segment as a molder of thermoplastic and thermoset structural products, offering a wide range of manufacturing processes to meet different program volume and investment requirements [3] Sustainability Commitment - The company released its third annual Sustainability Report, emphasizing its commitment to responsible business practices, community engagement, and environmental stewardship [1] - Core Molding aims to reduce energy use, greenhouse gas emissions, and landfill waste by 30% by the end of fiscal 2030 as part of its 30 X 30 strategy [2] - The company has implemented a monthly operations review of critical sustainability data to enhance collaboration and track progress towards its sustainability goals [2]
PepsiCo Refines Sustainability Goals to Position Business for the Long-Term
Prnewswire· 2025-05-22 12:00
Core Insights - PepsiCo has made significant advancements in sustainability through its pep+ initiative, focusing on regenerative agriculture, water stewardship, sustainable packaging, and climate change since its launch in September 2021 [1][2]. Sustainability Goals - The company is refining its sustainability goals to enhance business resilience and focus on areas with the most positive impact, including an increased target for regenerative agriculture from 7 million acres to 10 million acres by 2030, with 3.5 million acres already achieved as of 2024 [5][6]. - PepsiCo aims to achieve net zero emissions by 2050, aligning its Scope 1, 2, and 3 targets with a 1.5°C trajectory, reflecting updated scientific guidance [6][10]. - The company is updating its packaging goals to prioritize key markets and reduce the use of virgin plastic, while also sunsetting its reuse target but continuing efforts to design packaging that is reusable, recyclable, or compostable [7][8]. Water Management - PepsiCo has exceeded its previous water-use efficiency goals, achieving a 25% improvement in operational water-use efficiency in high-risk watersheds and a 15% improvement in agricultural water-use efficiency ahead of schedule. The company maintains its goal to become net water positive by 2030 [9][23]. Transparency and Reporting - The company emphasizes transparency in its sustainability journey, committing to detailed reporting on progress in its 2024 ESG Summary, which will include both successes and challenges faced [10][5].
Autodesk supports pre-approved home designs and AI-powered permitting to accelerate Los Angeles wildfire recovery
Prnewswire· 2025-05-22 10:15
Core Insights - Autodesk is providing funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following the devastating fires in January 2025 [1][5] Group 1: Partnership and Community Support - Autodesk is partnering with The Foothill Catalog Foundation (TFCF) to create a catalog of modular, pre-approved home designs for fire survivors, which is expected to reduce architectural and permitting costs by up to 95% [7] - The plans developed by TFCF will significantly shorten permitting timelines from potentially a year to just a few weeks [7] Group 2: Technological Innovations - Autodesk is funding an AI-powered software tool to expedite the approval of building permits, enhancing recovery efforts from the LA fires in collaboration with Governor Gavin Newsom and other organizations [7] - TFCF is developing a standardized Revit template to ensure that each design meets pre-approval and sustainability requirements from the outset [4] Group 3: Design and Resilience Focus - The designs created will adhere to stringent climate resilience standards, including resistance to extreme heat, wildfires, and power outages, while maintaining the unique architectural character of the region [3] - Autodesk's Design and Make platform is utilized by AEC industry teams globally to reduce waste and lower environmental impacts, emphasizing long-term resilience and sustainability [5][6]
CORRECTION – Maravai LifeSciences Releases 2024 Sustainability Report
Globenewswire· 2025-05-21 20:22
Core Insights - Maravai LifeSciences has published its 2024 Sustainability Report, highlighting progress in product innovation, employee engagement, governance, and sustainable growth [2][3] Product Innovation - Launched 49 new products, including the CleanCap® M6 analog at GMP quality [6] - Completed a state-of-the-art GMP facility in San Diego, increasing mRNA production capacity tenfold [6] - Established an RNA Innovation Center in collaboration with Johns Hopkins University [6] - Manufactured over 130 GMP batches for mRNA [6] Our People - Achieved a 95% participation rate in the annual employee engagement survey, receiving over 2,600 comments [6] - Expanded the WE (We are Empowered) Employee Resource Group for advocacy, mentorship, and outreach [6] - Implemented a new career framework for transparent progression paths for all employees [6] - Continued the Impact Day program, with employees contributing approximately 800 volunteer hours [6] Governance - Appointed R. Andrew Eckert as independent Chairman of the Board [6] - Adopted a formal, publicly available Human Rights Policy [6] - Ensured 100% of standing Board Committees are chaired by independent members [6] - Strengthened intellectual property with additional CleanCap® patents in China and Canada [6] Sustainable Growth - Enhanced greenhouse gas emissions data collection and expanded Scope 3 emissions reporting [11] - The Leland, North Carolina facility's solar panels generated over 180,000 kWh, offsetting approximately 20% of the facility's energy use [11] - San Diego EV charging stations saved over 19,000 gallons of gasoline [11] - Advanced planning for lab plastics recycling and single-use plastic phase-out [11] Reporting Standards - The 2024 report was prepared in reference to the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Greenhouse Gas Protocol frameworks [8]
PPG Launches New Powder Coatings With Recycled Plastic Content
ZACKS· 2025-05-21 13:55
PPG Industries, Inc. (PPG) recently announced the launch of its new powder coatings, PPG EnviroLuxe Plus, which include up to 18% post-industrial recycled plastic (rPET). The product has combined the benefits of rPET in a formulation that is made without PFAS. The solution, being versatile, is expected to meet diverse application needs.PPG EnviroLuxe Plus powder coatings can achieve up to a 30% reduction in carbon footprint compared with traditional durable powder as a result of polytetrafluoroethylene fluo ...
FMC Corporation demonstrates climate-smart, business-forward approach to sustainability
Prnewswire· 2025-05-21 13:00
Core Insights - FMC Corporation released its 2024 sustainability report titled "Innovation for Agriculture. Solutions for the Planet," emphasizing the integration of sustainability into business strategies to drive value and growth for stakeholders [1] Sustainability Initiatives - The company views sustainability as both an environmental necessity and a business strategy, enhancing efficiency, cost-competitiveness, and resilience in a challenging market [2] - In 2024, FMC achieved a 27% reduction in Scopes 1 and 2 greenhouse gas emissions from a 2021 baseline through energy efficiency projects and increased procurement of clean energy [2] - Waste reduction initiatives led to a 6% decrease in waste generated, contributing to nearly $6 million in operating cost savings [2] Agricultural Innovation - Agricultural innovation is central to FMC's mission, with the report highlighting advancements in R&D that support farmers globally [3] - The company is developing new-mode-of-action fungicides, pheromone- and microbial-based products, and new diamide formulations to enhance agricultural productivity [3] - FMC's integrated approach aims to improve productivity while reducing water usage, enhancing soil quality, and minimizing negative impacts on beneficial insects [3] Company Overview - FMC Corporation is dedicated to supporting growers in producing food, feed, fiber, and fuel while adapting to environmental changes [5] - The company focuses on innovative crop protection solutions, including biologicals, crop nutrition, and precision agriculture, to address agricultural challenges sustainably [5]
BAOZUN(BZUN) - 2025 Q1 - Earnings Call Presentation
2025-05-21 12:04
Financial Performance - Total net revenue reached RMB 2.1 billion, a year-over-year increase of 4%[8] - E-commerce net revenue was RMB 1.7 billion, up 1% year-over-year[8] - BBM (Brand Management) net revenue increased significantly to RMB 387 million, a 17% increase year-over-year[8] - The company reported a non-GAAP operating loss of RMB 67 million[5] - Net loss attributable to ordinary shareholders was RMB 63 million[5] - Non-GAAP net loss attributable to shareholders was RMB (57) million[5] Gross Profit Margin - Group product sales gross profit margin increased to 32.4% in 1Q2025[10] - E-commerce product sales gross profit margin increased to 15% in 1Q2025[12] - Brand Management product sales gross profit margin was 51.6% in 1Q2025[15] Segment Performance - Adjusted operating loss for E-commerce was RMB -46 million[18] - Adjusted operating loss for Brand Management was RMB -21 million[18] Sustainability - The company achieved a 35.5% reduction in carbon emissions compared to the 2021 baseline[22] - Operational carbon neutrality was achieved in 2 parks[22]
Fortuna publishes its 2024 Sustainability Report
GlobeNewswire News Room· 2025-05-21 09:00
VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the publication of its seventh annual Sustainability Report, highlighting key developments in 2024 related to governance, corporate strategy, risk management, and performance. The report also outlines Fortuna’s commitments and progress on the environmental, social, and governance (ESG) factors most material to our business and stakeholders. Jorge A. Ganoza, President, and CEO, sta ...