Sustainability & Environmental Impact - 2024 was the warmest year on record, highlighting the urgency of climate action [1] - The company aims for a net-zero practice by measuring, reducing, offsetting, improving, and repeating their sustainability efforts [6][9] - The company calculated its combined baseline footprint for 2023, covering art practices and household emissions [10] - In 2024, the company offset more total carbon than it created through energy generation, land development, and advocacy programs, achieving a net-zero year [32][33] - The company planted approximately 1,600 trees and shrubs, with 90% being native to Pembrichshire, to improve biodiversity [23] Operational Changes & Innovations - The company transitioned to a sustainable glass studio in Wales, focusing on generating its own power and decarbonizing its practices [6][9] - The company redesigned and rebuilt the furnace to improve efficiency and reduce propane usage [19] - The company adopted batch working, melting glass only when needed, to reduce propane consumption [20] - The company utilizes solar, wind, and other renewable energy sources to power the workshop and house [18] Community Engagement & Awareness - The company collaborated with a gallery owner to organize an event for World Ocean Day, raising awareness about seagrass and its role in climate change mitigation [27][28] - The company creates work for UK river action groups, advocating for clean waterways [25]

Hello, Kalispera Bonacera. Um, yeah, obviously she gave it out. I'm totally Greek and I come from a very small town called Fibs or Tebe as you call it in Latin. You know, Fibs was the home of all ancient Greek tragedies and a Tyron was there, Antiggoni was there. So everything really in the ancient Greek tragedy scene happened in my hometown. So then when I was invited to speak here to TED, I thought, okay, is it me or are we living a new type of tragedy now? Is it a Greek one? No, but it's definitely Greek ...

Core Insights - ReGen III Corp. has formed a Special Committee to explore strategic pathways for entering the multi-billion-dollar data center and AI immersion cooling market [1][5][7] - The immersion cooling market is projected to grow from USD 2.1 billion in 2024 to USD 7.2 billion by 2030, indicating a compound annual growth rate (CAGR) of over 22% [2][5] - Group III base oils are increasingly specified as dielectric fluids in immersion cooling due to their high purity and chemical stability, with hydrocarbon-based fluids expected to hold a 52.3% market share [3][5] Market Dynamics - Data centers are projected to consume up to 12% of U.S. electricity by 2028, with immersion cooling potentially reducing energy consumption for cooling by up to 90% [2][5] - The demand for advanced cooling solutions is driven by leading chip and AI innovators, positioning immersion cooling as essential for next-generation data centers and hyperscale computing [2][5] Sustainability and Competitive Advantage - ReGen III's high-quality Group III re-refined base oils achieve up to 82% lower CO₂e emissions compared to virgin crude-derived oils, aligning with sustainability goals [4][10] - The company's patented process supports longer product lifetimes and reduced environmental impact, meeting the criteria of organizations advocating for sustainable immersion fluids [4][10] Strategic Initiatives - The Special Committee will evaluate opportunities for integrating ReGen III's base oils into immersion cooling and other applications, including joint ventures and long-term supply partnerships [7][8] - The formation of the Special Committee reflects a disciplined approach to exploring new commercial applications while maintaining a focus on sustainable production [8]

Core Insights - Ayvens has acknowledged the FCA consultation regarding UK Motor Finance Commissions and the proposed redress scheme, indicating that its provisions for potential liabilities are deemed sufficient in its 2024 financial statements [1][2] - The company will continue to monitor the developments from the FCA consultation and adjust its estimates as necessary [2] Company Overview - Ayvens is a prominent global player in sustainable mobility, offering services such as full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions to a diverse clientele including large corporations, SMEs, professionals, and private individuals [2] - The company employs over 14,000 staff across 41 countries and manages a fleet of 3.2 million vehicles, including the world's largest multi-brand electric vehicle fleet, positioning itself as a leader in the transition to net zero and digital transformation in the mobility sector [3] - Ayvens is listed on Compartment A of Euronext Paris with the ISIN FR0013258662 and ticker AYV, and is majority-owned by Societe Generale Group [3]

Core Viewpoint - The push for net zero policies in the UK is expected to increase inflation over the next two to three years, according to Megan Greene, a member of the Bank of England's Monetary Policy Committee [1][2]. Group 1: Inflation and Economic Impact - Carbon pricing is anticipated to raise energy costs for households and businesses, contributing to higher inflation [2]. - The Bank of England's research indicates that the UK's net zero policy on carbon pricing will lead to reduced output and increased energy and non-energy inflation for up to two to three years, potentially keeping inflation elevated until the end of 2028 [2]. - Inflation in the UK reached 3.8% in August, significantly above the Bank's target of 2%, with forecasts suggesting it may rise to 4% in September [3]. Group 2: Policy Conflicts and Economic Transition - There is a conflict in mandates as net zero policies may drive prices higher, while the primary goal of the Monetary Policy Committee is to maintain inflation at 2% [4]. - Despite the potential for increased inflation, Greene argues that transitioning to a greener economy is less costly than delaying or inadequately implementing the transition [5]. - The Bank's deputy governor previously noted that climate transition policies have been significant contributors to recent inflation trends [6]. Group 3: Energy Costs - British companies face the highest electricity prices among developed nations, with UK electricity prices approximately 50% higher than in Germany or France and four times higher than in the US [7][8].

Core Viewpoint - Ayvens welcomes the UK Supreme Court judgment regarding the UK Motor Finance Commission and believes that the provisions recorded for potential liabilities remain adequate [1][2]. Group 1: Company Overview - Ayvens is a leading global player in sustainable mobility, providing services such as full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions [2]. - The company operates with over 14,000 employees across 41 countries and manages 3.2 million vehicles, including the world's largest multi-brand electric vehicle fleet [3]. - Ayvens is listed on Compartment A of Euronext Paris with the ISIN FR0013258662 and Ticker AYV, and is majority-owned by Societe Generale Group [3]. Group 2: Financial Implications - The company will continue to assess the implications of the Supreme Court judgment and review its estimates following the publication of the final FCA redress scheme rules [2].

Energy Production & Consumption - Intermittent power sources like solar and wind are suitable for hydrogen production due to cost-effectiveness [1] - Using intermittent power to power a home is impractical because energy demand doesn't always align with energy production [1] Environmental Policy Critique - Net zero for homes is considered an uneconomical and poor idea [2] - Environmentalists are perceived to be promoting net zero for homes without considering economic factors [2]

Renewable Energy Sector Challenges - Australia's slow transmission infrastructure rollout is hindering renewable energy projects [1] - The slow rollout poses a risk to the country's net zero ambitions [1] Investor Concerns - Investor survey indicates concerns about the infrastructure limitations [1]