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Seagrass, a global carbon marketplace and climate solutions company, launches in the United Arab Emirates
ABU DHABI, UAE, Nov. 30, 2023 /PRNewswire/ — Seagrass Limited (“Seagrass”), a climate action company focussed on scaling climate impact and a wholly-owned subsidiary of E.ON, one of Europe’s largest operators of energy networks and energy infrastructure, announced its official launch today.
Seagrass aims to unlock the potential of the carbon markets and transform carbon finance, which can make an important contribution to the net-zero transition. It will bring together supply from certified projects with large-scale demand from buyers with ambitious climate strategies on a centralised marketplace driven by technology, transparency and integrity.
Seagrass will be based in the Abu Dhabi Global Market (ADGM) financial centre located in Abu Dhabi in the United Arab Emirates (UAE). It holds a license to arrange trades in environmental instruments from ADGM’s Financial Services Regulatory Authority.
The UAE is positioned at the crossroads between the Global South – where many nature-based carbon credits are originated – and places where demand for these credits is expected to grow, including Europe and Asia. The UAE will also host COP28, with the development of high-quality voluntary carbon markets expected to be a key area of focus.
“Carbon markets will play a crucial role in the transition to a sustainable world,” said Naveed Tariq, CEO of Seagrass. “They can deliver climate impact at scale to help us meet the 1.5°C Paris Agreement goal and be instrumental in providing the trillions of dollars needed to close the climate finance gap.”
“As the subsidiary of a large energy company, we know what buyers need: liquidity, ease of use and – above all – integrity,” he added. “Our ambition is to work with partners to build that market and deliver climate solutions that ultimately help us to restore the planet.”
Arvind Ramamurthy, Chief of Market Development at ADGM said: “We are delighted to welcome Seagrass to ADGM. We are confident that ADGM’s dynamic ecosystem and progressive regulations will enable Seagrass’ vision, supporting them in driving innovation across rapidly developing carbon markets and contributing to the continuous development of Abu Dhabi’s strategic value and equally to accelerating the UAE’s energy transition. We look forward to witnessing the positive impact of Seagrass’ expertise in contributing to the growth and development of the financial ecosystem in Abu Dhabi and beyond.”
Seagrass is being launched at a time when carbon markets are developing integrity standards in response to market demands and to support much-needed scale. These include the Voluntary Carbon Markets Integrity Initiative’s (VCMI) Claims Codes of Practice, which aims to accelerate corporate use of the market as part of net zero strategies, and the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles label, which is intended to support buyers in identifying and pricing high-integrity carbon credits.
According to scenario analysis by MSCI Carbon Markets, demand for carbon offsets could increase from 500 MtCO2e in 2023 to 1,312 MtCO2e by 2030 and 4,356 MtCO2e by 2050, led by hard-to-abate sectors.
Integrity and simplicity at its core
Seagrass will connect major buyers of credits from a range of sectors – including energy, industrials, transportation and financial services – with credits from certified projects.
Seagrass is developing an assurance framework for credits available on its marketplace. This framework will require the certification of projects by recognised bodies. While ratings for different projects vary and can change rapidly, we will also establish minimum ratings requirements.
Our framework will include measures to ensure that projects traded on Seagrass deliver reductions or removals of emissions that are measurable, additional and permanent. We will also assess metrics related to projects’ social and biodiversity impact.
Alongside these safeguards, we will screen project governance and risks relating to corruption, human rights violations and armed conflict. We will develop a minimum standard in respect of these risks and exclude projects that do not meet it. As the voluntary and compliance market adopts new standards for high-quality credits and innovation, Seagrass will align its supply with those standards and buyers’ demand.
The platform will facilitate a market board, spot trading, block trades and auctions to cater to the different settlement needs of market participants. As well as trading on the platform, Seagrass’ team of demand- and supply-side specialists will help clients facilitate private investments.
Once onboarded on Seagrass, buyers will be able to choose from a wide range of projects around the world and complete deals in days rather than weeks or months, which would be the typical timeframe for bilateral transactions. Seagrass will offer access to projects that catalyse investment in nature-based solutions as well as those that finance emerging climate technologies.
Seagrass also provides buyers and sellers with an intuitive digital platform and tools to make carbon trading and investment simple. Users will have access to Seagrass Carbon Map, which brings together a wide range of data points on the real-world impact of projects, including environmental, economic and project information. Created in collaboration with Inacta, Esri Sverige, MSCI Carbon Markets, OroraTech and The Hashgraph Association, the application will also support ongoing engagement between Seagrass users and project developers.
ACX (AirCarbon Exchange) is the exchange software and infrastructure provider for the Seagrass marketplace, offering an integrated exchange, custody and clearing services to users. ACX is the world’s first regulated carbon credit exchange and clearing house, established in the ADGM.
To learn more about Seagrass, please visit: www.seagrass-climate.com
About Seagrass
Seagrass is a climate action company focused on unlocking the potential of the carbon markets and transforming carbon finance to accelerate the transition to net zero. A wholly-owned subsidiary of E.ON, one of Europe’s largest operators of energy networks and energy infrastructure, Seagrass is headquartered in the Abu Dhabi Global Market (ADGM) financial centre. It is licensed by the ADGM Financial Services Regulatory Authority (FSRA) to arrange trades in environmental instruments.
About E.ON
E.ON is an international investor-owned energy company headquartered in Essen, Germany, which focuses on energy networks and customer solutions. As one of Europe’s largest energy companies, E.ON plays a leading role in shaping a clean, digital, decentralised world of energy. To this end, around 74,000 employees develop and sell products and solutions for private, commercial and industrial customers. Around 48 million customers purchase electricity, gas, digital products or solutions for electric mobility, energy efficiency and climate protection from E.ON.
For more information, please visit www.eon.com
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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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- 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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