Core Insights - Terra Metals Inc. announces a strategic equity investment partnership with Investment Bank of Africa (IBA) and Nalolo Solar Power Energy Company (NASPEC) to advance the Nalolo Solar Project, a key initiative for Zambia's renewable energy transition [1] - The partnership reflects Terra Metals' long-term commitment to sustainable economic growth and support for Zambia's clean energy agenda [1] - The Nalolo Solar Project is expected to play a transformative role in Zambia's energy transition, driving economic growth, expanding job opportunities, enhancing energy security, and supporting the country's climate and sustainable development commitments [1] Company Overview - Terra Metals Inc. holds vested interests in the Nalolo Solar Project through its major shareholder, who is also a shareholder in NASPEC [1] - The company's executive director, Brian Chisala, expressed excitement about the strategic collaboration, marking significant progress for the Nalolo and Lukulu solar projects [1] - Chairman Mushinge Mumena emphasized the partnership's commitment to providing clean energy solutions and advancing Zambia's sustainable development goals [1] Investment Insights - IBA's CFO, Robert Solomon, highlighted that the investment aligns with IBA's strategic direction to allocate capital to high-value sustainable infrastructure projects that generate substantial financial returns while mitigating long-term risks [1] - The Nalolo Solar Project is based on solid foundations, growing energy demand, and government support, ensuring profitability for stakeholders and significant socio-economic impact for Zambia [1] Project Impact - NASPEC's chairman, Dr. Victor Ryan, stated that the collaboration marks a decisive moment for NASPEC and Zambia's renewable energy development [1] - The project aims to provide clean, reliable, and affordable electricity, create job opportunities, drive industrial growth, and enhance climate resilience [1]

Core Insights - The groundbreaking ceremony for a RM31 million biomass steam plant marks a significant step in Malaysia's renewable energy and industrial decarbonization efforts [1][2] Group 1: Project Overview - The biomass steam plant, developed under a 20-year steam supply and purchase agreement, will provide Kaneka Malaysia with up to 30 tonnes per hour of green steam, replacing conventional natural gas-based steam generation [2][3] - The project is a collaboration between Kaneka Malaysia, Bacre Gebeng Sdn Bhd, Knight Frank Project Services Sdn Bhd, and Boilermech Sdn Bhd, with financial support from Bank Islam Malaysia Bhd [3][4] Group 2: Environmental Impact - Kaneka Malaysia aims to reduce its greenhouse gas emissions by 70% by 2030 and achieve net zero by 2050, with the biomass steam plant expected to reduce carbon emissions by approximately 30,000 tCO2e annually [2][5] - The plant is projected to avoid 24,240 tonnes of CO₂ emissions each year and an additional 70,032 tCO₂ reduction over 10 years through methane avoidance [6] Group 3: Strategic Importance - The biomass steam plant aligns with Malaysia's national agenda of MyRER and the National Energy Transition Roadmap, promoting clean energy from agricultural waste and enhancing local employment opportunities [7] - The initiative reinforces circular economy principles and aims to improve Malaysia's competitiveness in environmental, social, and governance-led industries [7]

Core Insights - Mars Snacking and Unreasonable Group have welcomed 14 new growth-stage companies into the Unreasonable Food initiative, aimed at building a more sustainable food system [1][3] - The collaboration seeks to address critical challenges in the food supply chain and transform them into unprecedented opportunities for innovation and sustainability [3][4] Company Overview - Mars, Incorporated is a family-owned business valued at approximately $55 billion, with a diverse product portfolio that includes pet care products, high-quality snacks, and food brands [5] - The company operates a global network of veterinary hospitals and diagnostic services, emphasizing its commitment to quality, responsibility, and sustainability [5] Initiative Details - The Unreasonable Food initiative, launched in 2024, focuses on reducing dairy emissions, expanding sustainable ingredient applications, and exploring sustainable color solutions [3][4] - The first cohort of the initiative reported generating nearly $200 million in additional revenue, reducing 140,000 tons of CO₂e emissions, saving 310 million liters of water, and providing safe, nutritious food to up to 24 million people [4] Technological Innovations - The initiative includes various innovative approaches such as genetically engineered crops to produce dairy-like proteins without cows, precision fermentation for animal-free casein, and plant-based sweeteners [6] - Other advancements involve the production of natural color alternatives through fermentation, AI and biotechnology for developing functional plant ingredients, and sustainable protein extraction from plants like lemna [6]

Urban Development & Planning - Current urban development prioritizes cars over people, leading to isolation and hindering natural interactions [9][11][12] - Sprawling suburban development leads to economic dead zones and inefficient land use, with 30% of residential space potentially unused [8][9] - Zoning laws and parking requirements often make walkable, mixed-use developments illegal, hindering small businesses and community interaction [18][19] - Reclaiming spaces for people, such as parklets and pedestrian zones, can increase property values, tourism, and improve traffic flow [29][31] - Walkable neighborhoods generate five times more tax revenue per dollar than typical suburban strip malls, and retail space fetches a 90% premium [36] Environmental Impact - Suburban homes use four times as much water as urban residences due to lawns and non-native plants [23] - Sprawling development disrupts ecosystems and water systems, particularly in vulnerable environments like the Mojave Desert [21][22] - Cities spend three times as much per household to provide basic services in sprawling suburbs compared to densely populated areas [26] - The average American spends 55 minutes daily driving and $12,000 annually on car expenses, creating an economic burden [27] Social & Economic Considerations - Car-dependent sprawl contributes to social isolation and mental health issues, as exemplified by Las Vegas ranking as the second loneliest city in America [15] - Collision density, fostered by inward city growth, promotes innovation and economic growth through chance encounters and shared spaces [16] - Third places (coffee shops, parks, plazas) are essential for mental health and economic vitality, but often made impossible by zoning laws [17][18]

Core Insights - Karbon-X has partnered with the Banff Half Marathon for the third consecutive year to promote climate action that aligns with the values of the Rockies [1][4] - The event incorporates verified climate contributions to offset its environmental footprint, along with optional contributions from participants [2][4] - The partnership reflects a commitment to sustainability and aims to inspire collective action among runners and the community [4][5] Company Overview - Karbon-X Corp. is a vertically integrated climate solutions company that provides comprehensive climate solutions across compliance and voluntary markets [5] - The company focuses on transparency and impact throughout the climate action process, making it accessible to businesses, institutions, and individuals [5] Event Details - The Banff Half Marathon is recognized as Canada's most scenic running event, attracting thousands of participants each June [6] - The event emphasizes both personal achievement and environmental stewardship, reflecting a growing commitment to sustainability [6]

Core Insights - Sobha Realty has successfully raised $750 million through its inaugural green sukuk, marking the largest issuance by a real estate developer globally [2] - The sukuk has a five-year maturity, set to mature in 2030, and is part of a $1.5 billion trust certificate issuance program [2] - The sukuk will be listed on both the London Stock Exchange and Nasdaq Dubai [2] Investor Demand and Pricing - Investor demand for the sukuk reached approximately $2.1 billion, which is 2.8 times the issue size, allowing Sobha to tighten pricing by 50 basis points from initial thoughts [3] - The sukuk was priced at a profit rate of 7.125% per annum, with an effective yield of 7.375% [3] - Regional investors accounted for 56% of allocations, while international investors made up 44% [3] Use of Proceeds - Proceeds from the sukuk will be utilized to finance or refinance projects under Sobha's Green Financing Framework, which aligns with the International Capital Market Association's Green Bond Principles and the Loan Market Association's Green Loan Principles [4] - The framework has received a second-party opinion from DNV [4] Company Statement - The chairman of Sobha Group, Ravi Menon, emphasized that the success of the green sukuk issuance reflects the market's recognition of Sobha Realty's strong financial position and commitment to sustainable development [5] Sukuk Ratings - The sukuk is expected to receive ratings of Ba2 (Stable) from Moody's and BB (Stable) from S&P, which aligns with the corporate credit rating of the obligor, PNC Investments [6] Joint Coordinators and Advisors - Dubai Islamic Bank, Emirates NBD Capital, J.P. Morgan, Mashreqbank, and Standard Chartered served as joint global coordinators for the sukuk issuance [7] - Additional joint lead managers and bookrunners included several banks such as Abu Dhabi Commercial Bank and Deutsche Bank [7] - Deutsche Bank and Emirates NBD Capital acted as joint ESG structuring coordinators, with legal advice provided by Clifford Chance and Dentons [8]

Core Insights - A European joint team has made significant progress in developing flexible, low-cost carbon electrode perovskite solar cells, achieving over 21% conversion efficiency on flexible substrates, moving closer to the 25% target efficiency [1][3] Group 1: Technology Development - The joint team is utilizing roll-to-roll (R2R) manufacturing technology to mass-produce flexible film products [3] - The PEARL project aims to develop carbon electrode flexible perovskite solar cells with industrial feasibility and environmental friendliness, targeting over 25% efficiency and production costs below €0.3/Wp [3][4] - The use of carbon electrode design has significantly improved the stability of the cells, exceeding industry stability standards [3] Group 2: Environmental Impact - The technology has achieved a carbon footprint reduction of over 50% by using carbon electrodes, recycled PET substrates, and green energy [4] - The team is also developing waste recycling processes to extract valuable materials like lead and cesium, contributing to a circular economy [4] Group 3: Future Plans - The PEARL team plans to further optimize the roll-to-roll pilot manufacturing process and test larger components for outdoor applications [4] - The ultimate goal is to commercialize these flexible solar cells for applications in building-integrated photovoltaics (BIPV) and Internet of Things (IoT) devices [4] - The team will showcase their research results at the European Photovoltaic Solar Energy Conference and Exhibition (EU PVSEC) in Bilbao, Spain, from September 22 to 24, 2025 [4]

Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe [3] - The company's portfolio is valued at €20.6 billion as of June 30, 2025, comprising large shopping centers in over 10 countries [3] - Klépierre attracts more than 700 million visitors annually [3] - The company is a French REIT (SIIC) listed on Euronext Paris and included in the CAC Next 20 and EPRA Euro Zone Indexes [3] Voting Rights Information - As of August 31, 2025, Klépierre has a total of 286,861,172 shares [2] - The number of exercisable voting rights is 286,297,975, accounting for shares deprived of voting rights [2][6] - Klépierre owns 563,197 of its own shares, which are excluded from the exercisable voting rights [5] Sustainability and Ethical Commitment - Klépierre is included in various ethical indexes, such as CAC SBT 1.5, MSCI Europe ESG Leaders, and FTSE4Good, highlighting its commitment to sustainable development [3] - The company features in CDP's "A list," underscoring its leadership in combating climate change [3] Upcoming Events - A trading update for the first nine months of 2025 is scheduled for October 22, 2025, after market closing [3]

Financial Performance and Guidance - ONEOK's 2025 adjusted EBITDA guidance is \$8225 billion, based on the midpoint of the \$8 billion to \$845 billion range provided on Feb 24, 2025 [14, 23, 25] - The company targets a 3%-4% annual dividend growth and a dividend payout ratio of approximately 85% or lower [31] - Approximately \$25 billion was returned to shareholders in 2024 through dividends and share repurchases [32] - The company is targeting to return approximately 75-85% of forecasted cash flow from operations [32] Business Segments and Operations - Natural Gas Liquids contribute 37% to the adjusted EBITDA [14] - Natural Gas Gathering and Processing contribute 28% to the adjusted EBITDA [14] - Refined Products and Crude contribute 27% to the adjusted EBITDA [14] - Natural Gas Pipelines contribute 8% to the adjusted EBITDA [14] - The company's pipeline network spans approximately 60000 miles [5, 11] Synergies and Growth Projects - Magellan synergies are expected to be over \$700 million in total potential [26] - EnLink and Medallion synergies are expected to be over \$450 million in total potential [28] - The company is undertaking high-return organic growth projects, including a refined products expansion to the Denver area, increasing system capacity by 35000 bpd [33] Sustainability - ONEOK is targeting a 22 million metric ton reduction of combined Scope 1 and 2 GHG emissions by 2030 [107, 117, 121]

Core Points - Stantec has launched its sixth annual Future Leaders Scholarship to support students in STEAM fields, having awarded 206 scholarships and C$1 million in financial support since its inception [1][2] - For the 2026-27 academic year, Stantec will provide $200,000 in scholarships and paid internship opportunities [2] - The scholarship is open to students enrolled in post-secondary institutions pursuing STEAM degrees, with applications due by October 15, 2025 [3] Group 1 - The scholarship program has supported over 200 students and provided experience and exposure in STEAM education [1] - Stantec awarded 46 scholarships globally in 2025, including locations such as Canada, the US, New Zealand, Australia, Jamaica, and Puerto Rico [2] - An independent selection committee will evaluate applicants based on educational goals, community service, leadership, and career ambitions [3] Group 2 - Stantec emphasizes the importance of investing in students as a means to enhance future community development [2] - The company is recognized as a global leader in sustainable architecture, engineering, and environmental consulting [5] - Stantec aims to address critical issues such as climate change and infrastructure management through innovative solutions [6][7]