Fintech PR
TradeFlow Capital Management enables scalable Carbon abatement in Rwanda
Collaborative carbon credits initiative supports innovative school feeding programme
SINGAPORE, Sept. 25, 2023 /PRNewswire/ — In a first-in-class partnership between Tradeflow Capital Management (TradeFlow), The FarmFresh Food Company Ltd (FarmFresh) and Heads of Schools Organisation Rwanda (HOSO), a partnership monetising 298mt of CO2e averted over the Rwandan school year September 2022 to August 2023 has been realised, during which FarmFresh supplied 119mt of cooked beans into schools in Kigali, equivalent to ~790,000 school meal servings of beans.
Using industry accepted tried-and-tested emissions reduction verification approaches and models, FarmFresh worked closely with Tradeflow to develop an informal, voluntary carbon credit linked to each 1kg of cooked beans used by a school. The methodology quantified a saving of 2.51kg of CO2 equivalent (CO2e) emissions averted per 1kg of FarmFresh cooked beans used, compared to the school’s previous method of boiling the dried beans for hours over firewood to cook them properly.
TradeFlow paid the USD equivalent of the carbon offsets calculated as a donation to HOSO to promote improved nutrition while reducing reliance on solid biomass fuel stock. Working alongside HOSO, a local NGO reporting to the Rwandan Ministry of Education and with a national remit to promote best practice across all schools in Rwanda, FarmFresh has been shifting schools from cooking over firewood to using factory cooked beans which can be stored for longer, and only need to be warmed prior to serving. FarmFresh cooks high quality beans sourced directly from smallholder farmers, in highly energy efficient retort machines, packed in recyclable laminate pouches, at scale, and using a fraction of the energy compared to school kitchens using wood-fired ovens burning for several hours at a time. In Rwanda, the main source of protein for school children are beans, a key source of protein, complex carbohydrates, fibre and micronutrients including iron and zinc that require extensive cooking times to allow nutrition to be extracted from the beans.
With support from the Rockefeller Foundation’s Good Food Innovation Fund (GFIF), FarmFresh looks to double capacity to 250mt per month as a next step to national coverage. Further, through a partnership with the Mayor’s Office, City of Kigali, HOSO, Ministry of Education, National Child Development Agency (NCDA) and the Centre for Tropical Agriculture (CIAT), FarmFresh is targeting to supply 120mt of cooked beans per month to Kigali schools – representing 800,000 school meal servings and 300mt of Co2e emission averted per month, in the academic year starting in September 2023.
Dr Tom James, CEO of TradeFlow shared: “TradeFlow is leading the commodities sector in working with local partners to identify carbon saving projects and develop credit schemes that they are willing to support directly, bypassing the need for expensive, third party, distant verification agencies, but instead working to rigorous methodologies and developing indicators that can be verified using local auditors for real-world impact.”
In agreement, Marie Claire Nyirankundizanye, the Acting Managing Director of FarmFresh said: “We are delighted to be part of this ground breaking initiative with our local and international partners. At FarmFresh we are committed to providing highly nutritious food to school children in an environmentally sustainable manner, that helps schools shift away from cooking over firewood. We are excited to work with HOSO and other partners, including the City of Kigali and Ministry of Education to scale our production and supply 120mt to schools with a focus on Kigali in the first instance.”
Emmanuel Dusingizimana, the Executive Secretary of HOSO added: “We are excited to be part of this innovative initiative. The challenge of feeding high quality nutritious meals to the 3 million Rwanda school children, on limited budgets and in a way that is sustainable and not contributing to climate change, is a challenge that HOSO is keen to address. The partnership with FarmFresh and Tradeflow is an example of what can be done to meet this challenge. We look forward to scaling the innovation nationally.”
About TradeFlow Capital Management (Tradeflow)
TradeFlow is the world’s first Fintech-powered commodity trade enabler focused on SMEs. TradeFlow consists of a diverse team of experts with the focused mission of addressing the increasing trade finance gap faced by global SMEs operating as producers/traders/end-users in the bulk commodity trading space. By performing an enabling role in international trade and globalization, TradeFlow creates growth opportunities for businesses and economies.
To date, TradeFlow has successfully invested in more than US$2.5 Bn of physical commodity trade through 3000+ transactions across 18+ countries and 30+ commodity types, with more than 1800 SME counterpart entities KYC reviewed. As part of its unique business model, The TradeFlow Funds*, advised by TradeFlow, were conceived in 2016 and launched in 2018.
TradeFlow is a Partner of the International Chamber of Commerce (ICC) to mobilise capital and improve trade finance access for SMEs worldwide through the “‘ICC Trade Now” and “ICC Digital Trade Standards Initiative” platforms.
TradeFlow Capital Management Pte Ltd
UEN: 201920511H
Please bookmark our media: TradeFlowTV | Twitter | LinkedIN
About the FarmFresh Project
FarmFresh was founded in 2015 as part of the UK Government Department for International Development (DFID) funded SEED Programme, managed by H2O. FarmFresh is an innovative Kigali-based food processing company that markets branded, fully-cooked Rwandan beans in laminated pouches aimed at retail consumers and institutions across East Africa. FarmFresh sources beans either directly from smallerholder growers; by paying a premium for high quality beans, FarmFresh provides an incentive for farmers to increase the quality of their bean harvest, including the adoption of improved seed varieties that increase yield and standards, and benefits the producers by increasing their net household income.
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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