United Nations Sustainable Development Goals
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KKR to Launch Tender Offer for Forum Engineering
Businesswire· 2025-11-10 06:30
Core Viewpoint - KKR is set to launch a tender offer for Forum Engineering, marking its first global impact investment in Japan, with the support of Forum Engineering's Board of Directors [1][3]. Tender Offer Details - The tender offer will commence on November 11, 2025, and is expected to run until December 23, 2025 [2]. - The offer price is set at JPY 1,710 per common share, representing a 40.74% premium over the average closing price for the six months ending November 7, 2025 [2]. Shareholder Agreements - KKR has reached an agreement with Mr. Izumi Okubo, the founder of Forum Engineering, who holds a 51.7% ownership stake, to support the tender offer [3]. - Mr. Okubo and La Terre Next will tender their respective stakes of 7.51% and 7.11% into the tender offer, while La Terre Holdings will tender its 37.07% stake in a subsequent self-tender [3]. Company Overview - Forum Engineering is a leading provider of engineering staffing services in Japan, specializing in connecting manufacturing companies with skilled electromechanical engineers [5]. - The company supports the career development of its 4,500 full-time engineers through structured training and competitive compensation [5]. Investment Strategy - The investment is primarily funded by KKR's Global Impact Fund II, which focuses on companies contributing to the United Nations Sustainable Development Goals (SDGs) [6]. - Forum Engineering's operations align with SDG 8, promoting decent work and economic growth by providing skilled workforce solutions [6]. Future Plans - Following the tender offer, KKR plans to implement a broad-based employee ownership program for Forum Engineering's employees [9]. - The partnership aims to enhance Forum Engineering's AI skills matching platform and expand training and development initiatives [7][8].
Karbon-X Announces Milestone in Senegal Mangrove Restoration Effort
Globenewswire· 2025-10-28 12:00
Core Insights - The ABC Mangrove Project has successfully surpassed 7,000 hectares of cumulative planting, marking a significant achievement in community-led coastal restoration efforts in Senegal [1][3][4] Project Overview - The project is developed by Karbon-X's advisory arm, ALLCOT, in collaboration with Woodside Energy, focusing on large-scale environmental restoration while providing social and economic benefits to coastal communities [2] - Preliminary data from the 2025 planting season indicates that approximately 2,082 hectares were newly planted, utilizing natural mangrove propagules, contributing to the total of over 7,000 hectares [3] Community and Environmental Impact - The project aims to restore natural carbon sinks, support sustainable livelihoods, and demonstrate the effectiveness of community-driven climate action [4] - It contributes to multiple United Nations Sustainable Development Goals (SDGs), enhancing economic resilience, biodiversity, and coastal protection against erosion and sea-level rise [5] Future Prospects - As the mangroves mature, the project is expected to generate verified blue-carbon credits, offering a reliable method for companies and individuals to support nature-based climate solutions that benefit communities [6]
2025 Call for Code Engages Developers to Build AI Solutions that Address Social and Humanitarian Issues
Prnewswire· 2025-03-05 14:00
Core Insights - Call for Code 2025 invites developers to create AI solutions addressing United Nations Sustainable Development Goals (SDGs) [1][2] - The initiative has been active since 2018, focusing on leveraging technology for social good [2][3] - Participants will engage in five qualifying hackathons throughout the year, each centered on a different SDG [3][4] Hackathon Details - The first hackathon is scheduled from March 20 to March 31, 2025, focusing on SDG 6: Clean Water and Sanitation [4] - Participants will utilize IBM's watsonx.ai to develop AI virtual agents for the competition [4] - Additional hackathons will address other SDGs, including SDG 13: Climate Action, in collaboration with the Right Here, Right Now Global Climate Summit [4] Prizes and Opportunities - Each hackathon offers a top prize of $5,000 USD and conference passes for team members to the IBM TechXchange Conference 2025 [5] - The overall winners of the Call for Code Global Challenge can compete for a grand prize of $50,000 USD [5] - Participants will have access to IBM's enterprise-grade software at no cost, enhancing their development experience [5] Organizational Support - The initiative is supported by IBM and the United Nations Human Rights, emphasizing the role of technology in promoting sustainability and humanitarian efforts [3][5] - Call for Code aims to foster a community of socially-minded developers focused on human-centered tech solutions [5][8]