Climate change

Global Climate Action is Accelerating and Early-Mover Companies Can Seize Significant Advantage

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Monday, January 17, 2022 - 11:01am

For instance, in 2019 only 29 countries representing 10% of global emissions had made net-zero pledges, while today, 92 countries representing 78% of global emissions have done so.

Key Points: 
  • For instance, in 2019 only 29 countries representing 10% of global emissions had made net-zero pledges, while today, 92 countries representing 78% of global emissions have done so.
  • "Companies that underestimate the pace and magnitude of changes like these are at risk of grossly misjudging the impact that climate transformation can have on business models, products, and company value."
  • Saving cash and carbon:Almost all companies can realize at least a third of required emission reduction at no net cost to their business.
  • COP26 pushed climate issues further in the global spotlight with significant commitments made.

Ministry of Industry and Mineral Resources Announces Conclusion of Future Minerals Forum with Wide Local, International Participation

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Monday, January 17, 2022 - 9:54am

RIYADH, Saudi Arabia, Jan. 17, 2022 (GLOBE NEWSWIRE) -- The Ministry of Industry and Mineral Resources announced the conclusion of the Future Minerals Forum, which was held in Riyadh between January 11 and 13 under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.

Key Points: 
  • RIYADH, Saudi Arabia, Jan. 17, 2022 (GLOBE NEWSWIRE) -- The Ministry of Industry and Mineral Resources announced the conclusion of the Future Minerals Forum, which was held in Riyadh between January 11 and 13 under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.
  • A ministry statement stressed that the conference has witnessed a distinguished participation at the level of governments, international organizations, major mining companies, financial institutions, academics, researchers and concerned people from the Kingdom of Saudi Arabia and the world.
  • Abdulrahman Al-Fadley; Minister of Industry and Mineral Resources Bandar Al-Khorayed; Governor of Public Investment Fund Yasir Al-Rumayyan; CEO of Sabic Yousef Al-Banyan; and CEO of Maaden Eng.
  • The exhibition accompanying the conference, which included a Saudi pavilion with 12 government institutions, saw the participation of some countries with special pavilions, in addition to the participation of more than 30 Saudi and international companies.

Frost & Sullivan and TERI's Sustainability 4.0 Awards 2021 Honor Companies Embedding Sustainability with Economic Value Creation

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Monday, January 17, 2022 - 9:23am

MUMBAI, India, Jan. 17, 2022 /PRNewswire/ -- The 12th edition of Frost & Sullivan and The Energy and Resources Institute (TERI)'s Sustainability 4.0 Awards took place virtually on Jan. 12, 2022. The awards recognized companies embedding sustainability with economic value creation, thereby creating value for all stakeholders, building a safer environment, and ensuring a stronger community. This year's awards were presented to 19 companies across six major categories: Sustainable Corporate of the Year Award, Sustainable Factory of the Year Award, Safety Excellence Award, Leaders Award, Challengers Award, and the Jury Special Mention Award.

Key Points: 
  • The awards recognized companies embedding sustainability with economic value creation, thereby creating value for all stakeholders, building a safer environment, and ensuring a stronger community.
  • The Sustainability 4.0 Awards program highlights the need for linkages between an organization's strategy, governance and financial performance and the social, environmental, and economic context within which it operates.
  • For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors.
  • The TERI Council for Business Sustainability serves as the interface for its research work to be connected to the corporate world.

Frost & Sullivan and TERI's Sustainability 4.0 Awards 2021 Honor Companies Embedding Sustainability with Economic Value Creation

Retrieved on: 
Monday, January 17, 2022 - 9:12am

MUMBAI, India, Jan. 17, 2022 /PRNewswire/ -- The 12th edition of Frost & Sullivan and The Energy and Resources Institute (TERI)'s Sustainability 4.0 Awards took place virtually on Jan. 12, 2022. The awards recognized companies embedding sustainability with economic value creation, thereby creating value for all stakeholders, building a safer environment, and ensuring a stronger community. This year's awards were presented to 19 companies across six major categories: Sustainable Corporate of the Year Award, Sustainable Factory of the Year Award, Safety Excellence Award, Leaders Award, Challengers Award, and the Jury Special Mention Award.

Key Points: 
  • The awards recognized companies embedding sustainability with economic value creation, thereby creating value for all stakeholders, building a safer environment, and ensuring a stronger community.
  • The Sustainability 4.0 Awards program highlights the need for linkages between an organization's strategy, governance and financial performance and the social, environmental, and economic context within which it operates.
  • For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors.
  • The TERI Council for Business Sustainability serves as the interface for its research work to be connected to the corporate world.

BHP Group Orders Wabtec’s FLXdrive Battery Locomotives

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Sunday, January 16, 2022 - 5:00pm

Wabtec Corporation (NYSE: WAB) announced an order from BHP Western Australia Iron Ore (WAIO) for two FLXdrive battery locomotives.

Key Points: 
  • Wabtec Corporation (NYSE: WAB) announced an order from BHP Western Australia Iron Ore (WAIO) for two FLXdrive battery locomotives.
  • BHP will receive the newest version of the FLXdrive battery-electric locomotives in 2023 with an energy capacity of 7 megawatt hours (MWh).
  • BHP is among the industry leaders in this region who are demonstrating their commitment to addressing climate change by investing in transformative technologies like the FLXdrive battery locomotive.
  • The FLXdrive battery locomotive is part of Wabtecs initiative to develop the next generation of zero-emission locomotives.

10 richest men double their fortunes in pandemic while incomes of 99 per cent of humanity fall

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Monday, January 17, 2022 - 12:30am

Billionaires' wealth has risen more in the 22 months since COVID-19 began than it has in the last 14 years.

Key Points: 
  • Billionaires' wealth has risen more in the 22 months since COVID-19 began than it has in the last 14 years.
  • All this, while still leaving these men $10 billionbetter off than they were before the pandemic.
  • The world's response to the pandemic has unleashed this economic violence particularly acutely across racialized, marginalized and gendered lines.
  • The 252 richest men have more wealth than all one billion women and girls in Africa, Latin America and the Caribbean combined.

T2M Global President Pinakin Patel Elected to California Hydrogen Business Council Board

Retrieved on: 
Friday, January 14, 2022 - 10:52pm

LOS ANGELES, Jan. 14, 2022 (GLOBE NEWSWIRE) -- T2M Global President, Pinakin Patel, has been elected to the California Hydrogen Business Council (CHBC) Board.

Key Points: 
  • LOS ANGELES, Jan. 14, 2022 (GLOBE NEWSWIRE) -- T2M Global President, Pinakin Patel, has been elected to the California Hydrogen Business Council (CHBC) Board.
  • Mr. Patel previously served on CHBC Board of Directors and on the committees for Port Electrification and energy storage committees.
  • As a founding member of T2M Global, he pioneered the foundation for the green hydrogen industry and a transition to sustainable development.
  • We look forward to helping hydrogen companies advance their technologies to market, said Pinakin Patel.

Acadia Realty Trust Announces Tax Reporting Information for 2021 Distributions

Retrieved on: 
Friday, January 14, 2022 - 9:15pm

All 2021 ordinary dividends (other than qualified dividends and capital gains) are eligible for the 20% deduction generally allowable to non-corporate shareholders under Internal Revenue Code Section 199A.

Key Points: 
  • All 2021 ordinary dividends (other than qualified dividends and capital gains) are eligible for the 20% deduction generally allowable to non-corporate shareholders under Internal Revenue Code Section 199A.
  • Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Acadias distributions.
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual core and fund operating platforms and its disciplined, location-driven investment strategy.
  • Any forward-looking statements in this press release speak only as of the date hereof.

Sisterhood of Hope in Galápagos: World-Renowned Oceanographer and “Hero Of The Planet” Dr. Sylvia A. Earle Joins Ecuador President For Signing Of Expanded Marine Protected Area In Galápagos Islands Hope Spot

Retrieved on: 
Friday, January 14, 2022 - 8:00pm

Dr. Earle and Max Bello, Global Ocean Policy Advisor for Mission Blue, attended the ceremony at the invitation of the President.

Key Points: 
  • Dr. Earle and Max Bello, Global Ocean Policy Advisor for Mission Blue, attended the ceremony at the invitation of the President.
  • Bravo to President Lasso, and all who are supporting enhanced protection for wildlife in the ocean surrounding the Galpagos Islands, Earle states.
  • Today, Ecuador has given us a victory worth celebrating by expanding this sanctuary and will now ensure better protection for marine life.
  • Sylvia Earle is President and Chairman of Mission Blue / The Sylvia Earle Alliance.

Shareholder Proposals Challenge Companies on Support for Politicians Opposing Abortion Access, Progress on Climate, Voting Rights

Retrieved on: 
Friday, January 14, 2022 - 5:49pm

In the 2021 proxy season, three proposals addressed values misalignment, receiving an average of 38% level of support.

Key Points: 
  • In the 2021 proxy season, three proposals addressed values misalignment, receiving an average of 38% level of support.
  • Still, numerous companies that pledged to discontinue support for members of Congress who challenged the election results have backtracked on their promises.
  • Four additional proposals address the pressures companies face due to restrictive reproductive health care legislation regarding employee well-being, recruitment, and retention.
  • Our proposal at Lowe's Companies describes some of these impacts and the repercussions on the company," noted David Stocks, EFA's Executive Director.