JDE | Jotup

JDE Peet’s commits to newly validated near-term and net-zero SBTi targets

Retrieved on:

Thursday, March 28, 2024

Farmer, Science Based Targets initiative, FLAG, Palm oil, Greenhouse gas, GHG, Coffee, Science, JDE, Annual report, Common Grounds, Targets, Policy, Renewable energy

All these targets are consistent with SBTi's 1.5°C mitigation pathway to achieve net-zero by 2050.

Key Points:

All these targets are consistent with SBTi's 1.5°C mitigation pathway to achieve net-zero by 2050.
These new targets increase JDE Peet's’ previous SBTi-approved commitments that were in line with a well below 2°C pathway.
The new net-zero compliant targets are currently the most ambitious designation available through the SBTi process.
As the result of a periodical review of its progress under its Common Grounds sustainability programme, JDE Peet’s is now able to commit to more extensive targets.

JDE Peet’s leads global effort to fight coffee-related deforestation

Retrieved on:

Tuesday, February 13, 2024

JDE, Artificial intelligence, Education, Common Grounds, Memorandum of understanding, Farmer, Growth, Microsoft, Memorandum, Non-governmental organization, Coffee, Agriculture

JDE Peet’s and Enveritas are leading the way in the coffee industry through technology and on-the-ground verification to tackle coffee-related deforestation and protect smallholder farmers.

Key Points:

JDE Peet’s and Enveritas are leading the way in the coffee industry through technology and on-the-ground verification to tackle coffee-related deforestation and protect smallholder farmers.
JDE Peet’s (EURONEXT: JDEP) today announced plans to roll out an innovative new programme to assess and address coffee-related deforestation globally.
JDE Peet’s has partnered with Enveritas to leverage a combination of satellite imagery, artificial intelligence, and on-the-ground verification to measure the extent of coffee-related deforestation, allowing local operators, governments, NGOs, and farmers to better mitigate their deforestation risks.
Fabien Simon, CEO of JDE Peet's, commented: “At JDE Peet’s, we are committed to delivering sustainable growth that creates both shareholder return and societal value.

Caribou Coffee Enters Long-Term Strategic CPG License Agreement with JDE Peet's

Retrieved on:

Thursday, January 18, 2024

Partnership, Coffee, JDE, JDE Peet's, Reindeer, Caribou Coffee

MINNEAPOLIS, Jan. 18, 2024 /PRNewswire/ -- Caribou Coffee, a global premium coffeehouse, today announced an agreement to license its brand in the consumer packaged goods and foodservice channels to JDE Peet's in a transaction valued at $260M. The transaction also includes the transfer of Caribou Coffee's roasting operations in Minnesota and its office coffee and foodservice contracts. The mutually beneficial transaction enables Caribou Coffee to focus on its core popular retail coffeehouse business while providing JDE Peet's a strong platform to expand its premium coffee portfolio in North America. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions.

Key Points:

The transaction also includes the transfer of Caribou Coffee's roasting operations in Minnesota and its office coffee and foodservice contracts.
The mutually beneficial transaction enables Caribou Coffee to focus on its core popular retail coffeehouse business while providing JDE Peet's a strong platform to expand its premium coffee portfolio in North America.
Under the licensing agreement, JDE Peet's will manufacture, market and sell Caribou Coffee's consumer packaged goods and foodservice coffee products outside of its coffeehouses.
Over the coming months, senior leaders from JDE Peet's and Caribou Coffee will work together to ensure a smooth transition of Caribou Coffee's commercial coffee business and roastery assets.

Agritask Supports IFC’s Global Mission of Optimizing Sustainable Agricultural Practices with Carbon Accounting Solution

Retrieved on:

Thursday, November 30, 2023

The sustainability-focused solution will enable rice traders and manufacturers to track scope 3 agricultural emissions as reported by farmers through a mobile application.

Key Points:

The sustainability-focused solution will enable rice traders and manufacturers to track scope 3 agricultural emissions as reported by farmers through a mobile application.
“We have helped farmers adopt best agriculture practices and digitize their workflows while also improving visibility down the value chain.
We are proud to support over 2,000 Vietnamese farmers utilizing this system,” said Marta Bogdanic, Senior Operation Officer at IFC.
Agritask built a custom mobile application through which growers receive tailored digital agronomic advice, such as real-time weather alerts and crop care.

Generational Change at JAB: Joachim Creus Appointed CEO

Retrieved on:

Wednesday, November 22, 2023

JAB is pleased to announce that Managing Partner Joachim Creus has been appointed CEO of JAB.

Key Points:

JAB is pleased to announce that Managing Partner Joachim Creus has been appointed CEO of JAB.
Additionally, Mr. Creus will continue to serve as Vice Chairman of the JAB Board and is the designated successor to Chairman Peter Harf.
“It is a great privilege to be named CEO of JAB,” said Creus.
Mr. Creus succeeds Olivier Goudet who has been CEO since January 2012.

FibroGen Reports Third Quarter 2023 Financial Results

Retrieved on:

Monday, November 6, 2023

Total revenue for the third quarter of 2023 was $40.1 million, as compared to $15.7 million for the third quarter of 2022, an increase of 155% year over year.

Key Points:

Total revenue for the third quarter of 2023 was $40.1 million, as compared to $15.7 million for the third quarter of 2022, an increase of 155% year over year.
Restructuring charge for the third quarter of 2023 was $12.6 million, or $0.13 impact to net loss per basic and diluted share, resulting from the reduction in U.S. workforce announced in July 2023.
The distribution entity jointly owned by AstraZeneca and FibroGen is not consolidated into FibroGen’s financial statements.
FibroGen will host a conference call and webcast today, Monday, November 6, 2023, at 5:00 PM Eastern Time to discuss financial results and provide a business update.

New Report from the NextGen Consortium Shares Path Forward for Paper Cup Recycling in the U.S.

Retrieved on:

Wednesday, November 1, 2023

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- Today, the NextGen Consortium, a leading industry collaboration managed by Closed Loop Partners, with partner brands including Starbucks, McDonald's, The Coca-Cola Company, PepsiCo, JDE Peet's, The Wendy's Company and Yum! Brands, released a report with new findings to accelerate paper cup recycling in the U.S. The report, Closing the Loop on Cups: Collective Action to Advance the Recovery of Paper Cups in the U.S., assesses the role of each stakeholder across the paper cup recovery value chain––including paper mills, materials recovery facilities (MRFs), brands, consumers and local communities––and provides recommended actions to increase paper cup recovery opportunities and advance a more circular system.

Key Points:

Brands, released a report with new findings to accelerate paper cup recycling in the U.S.
In this report, the NextGen Consortium focuses on the need to strengthen existing materials recovery and recycling infrastructure systems to recapture more paper cups.
Recovering and recycling paper cups ensures the value embodied in paper cups—primarily comprised of fiber and a plastic liner—is recovered, rather than wasted in landfill.
While the challenges for paper cup recovery and recycling are significant, collaboration among various stakeholders involved in paper cup recovery can help address its scale and complexity.

Denovo and Fusion5 Partner to Deliver Unique Value for JD Edwards

Retrieved on:

Tuesday, September 26, 2023

Cloud, Partnership, Booth, Intelligence, Innovation, ERP, Oracle, JD Edwards, NPS, JDE, Retail, Cryptocurrency, De novo

LOUISVILLE, Colo., Sept. 26, 2023 /PRNewswire-PRWeb/ -- Denovo Ventures, LLC (Denovo), the leading provider of managed services for Oracle ERP applications, and Fusion5, the foremost Australian business solutions provider, are pleased to announce their exclusive agreement to distribute the ERP Insights product in North America. ERP Insights provides JD Edwards customers with unparalleled awareness of their ERP systems and transactions to improve application security, reduce technical debt, and eliminate end-user transactional friction.

Key Points:

With this partnership, Denovo and Fusion5 will jointly enable the ERP Insights product for JD Edwards customers in North America.
The collaboration positions Denovo to deliver materially increased value to customers by gaining true business perspective at the application point of use.
"Denovo customers enjoy the highest quality JD Edwards operations services," said Paul Cioni, Denovo's EVP Cloud Operations and CTO.
Denovo and Fusion5 will be demonstrating the capabilities and benefits of Denovo's JD Edwards ERP Insights service, powered by Fusion5, at INFOCUS 2023.

Denovo Continues Rapid Growth in Oracle Fusion Cloud Applications While Hiring Industry Veterans

Retrieved on:

Thursday, September 14, 2023

Cloud, EBS, Booth, ERP, Oracle, Marketing, NPS, JDE, Growth, Fine chemical, Software, De novo

LOUISVILLE, Colo., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Denovo continues its rapid growth with Oracle Fusion Cloud Applications (OFCA) workloads for those customers seeking to embark on a complete or partial (mixed JD Edwards and OFCA) migration in their digital transformation journey. Denovo has recently been awarded six (6) OFCA implementation projects, totaling over $12M in total contract value.

Key Points:

Denovo continues its rapid growth with Oracle Fusion Cloud Applications (OFCA) workloads and has recently been awarded six (6) OFCA implementation projects, totaling over $12M in total contract value.
LOUISVILLE, Colo., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Denovo continues its rapid growth with Oracle Fusion Cloud Applications (OFCA) workloads for those customers seeking to embark on a complete or partial (mixed JD Edwards and OFCA) migration in their digital transformation journey.
Jason comes to Denovo with more than 18 years of experience creating solutions in the Oracle Ecosystem, specifically focused on Oracle ERP.
David Shimoni, CEO of Denovo added, "Both Jason and Samantha come to Denovo with key skills and experience that will help Denovo extend the value we have provided our JDE and EBS customers into Oracle Fusion Cloud Applications solutions."

Raft Announces Prime Contract Award to Build Software Factory for Offensive Cyber Operations

Retrieved on:

Friday, September 1, 2023

RESTON, Va., Sept. 1, 2023 /PRNewswire/ -- Raft, LLC, digital consulting firm focused on providing innovative engineering solutions for hardest national security problems, announced today that it has been awarded a prime contract to develop the software factory for the Air Force's Cyber Operations.

Key Points:

RESTON, Va., Sept. 1, 2023 /PRNewswire/ -- Raft, LLC, digital consulting firm focused on providing innovative engineering solutions for hardest national security problems, announced today that it has been awarded a prime contract to develop the software factory for the Air Force's Cyber Operations.
Raft will design, develop, integrate, and scale the software factory (SWF), leveraging the Department of Defense (DoD) Enterprise solution Platform One (P1) as the technical baseline.
The SWF will operate in multiple cloud environments at varying classification levels, enabling hybrid cloud solutions viable for software and data applications.
"Raft has a long-standing partnership with AFCYBER, and we are thrilled to expand this relationship with the Offensive Cyber Operations" said Shubhi Mishra, Founder and CEO of Raft.