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AIIB Launches Report on Transformative Concept of Defining Nature as Infrastructure
DUBAI, UAE, Dec. 2, 2023 /PRNewswire/ — The Asian Infrastructure Investment Bank (AIIB) today launched its 2023 Asian Infrastructure Finance report, titled Nature as Infrastructure, with a panel discussion at its COP28 pavilion.
Amid accelerating climate change, the increasing value of carbon capture and the ongoing degradation of biodiversity globally, the concept of Nature as Infrastructure arrives at a pivotal moment. Viewing Nature as Infrastructure offers a transformative approach for recognizing the value of nature and enhancing investment in the protection of nature and biodiversity.
“It is high time for us to come to terms with nature; we cannot keep asking for more,” said AIIB President and Chair of Board of Directors Jin Liqun. “This process of reconciliation must begin by understanding and recognizing the value that nature can offer us. Our ambition must be to turn the idea of nature as infrastructure from an abstract concept into an impactful asset class that commands increasing levels of investment and regulatory attention.”
Viewing Nature as Infrastructure entails mitigating the impact of human development on nature. It includes nature-based solutions, direct investments into nature assets to sustain critical infrastructure-like services and directing more finance toward nature. Potential solutions toward a nature-positive future were discussed during the panel and is explored further in AIIB’s 2023 Asian Infrastructure Finance Report: “Nature as Infrastructure.”
Following AIIB President Jin’s opening remarks, the panel was moderated by Devex Executive Vice President and Executive Editor Kate Warren, and joined by industry-leading commentators from across the world, including Erik Berglof, Chief Economist, AIIB; Jang Ping Thia, Lead Economist, AIIB; Simon Zadek, Executive Director, NatureFinance; Institute for Climate and Society Executive Director Maria Netto Schneider; Valerie Hickey, World Bank Global Director for Environment, Natural Resources and Blue Economy and Rebekah Brown, Deputy Vice-Chancellor, Research, Monash University.
“MDBs must work to close the financing gap to adopt a more nature-friendly development path and reverse biodiversity loss,” said Erik Berglof, Chief Economist of AIIB. “We must go beyond ‘do no harm’ and even beyond ‘nature-positive’ investment and look at how we can draw on the full potential of nature. This means unlocking fresh financing from our balance sheets, deploying new lending instruments and using our convening power to better mobilize private finance.”
Incorporating nature into investments is already a key priority for AIIB and the report supports the existing strategy at the Bank. During the AIIB’s 8th Annual Meeting in September 2023, AIIB unveiled its inaugural Climate Action Plan (CAP), which set out the Bank’s ongoing commitment to combatting climate change through four key principles. As part of the CAP, AIIB signaled its intention to focus on solutions that simultaneously mitigate climate change, build resilience, enhance adaptation and offer cobenefits for biodiversity and nature conservation. Viewing nature as infrastructure and integrating nature-based solutions into infrastructure design will enhance climate resilience.
Drawing on extensive data and case studies from all over the world, the report points to opportunities to maximize nature as our most critical infrastructure. Building on the basic understanding that there is a need to understand the value of nature—as well as how the economy of countries and sectors depends on nature—the report goes on to discuss how nature can provide infrastructure-like services, which in turn should influence how gray infrastructure and investments in nature’s restoration are made.
It shares examples of how better design can mitigate the impact of gray infrastructure and help people build greener infrastructure. In particular, the report looks at how China, Indonesia and Bangladesh adopted nature-based solutions to restore or renew nature. For example, tree planting in the northern countries of China was found to have a beneficial impact on dust conditions for countries further south without compromising agricultural productivity, mangrove planting in Indonesia was found to reduce losses from tidal floods and the wetlands of Bangladesh support critical primary industries and livelihoods.
All these examples demonstrate the importance of testing the best solutions customized to the local environment. Successfully and sustainably harnessing nature as infrastructure requires scientific research, effective implementation, consultation and engagement with local communities and a combination of policy incentives, including short-term fiscal support and commercial investments. The report also applies these tools to value natural capital in the Bank’s own projects.
The report also explores how various financial tools instruments can be used to channel more financial flows to nature and build on nature as infrastructure as an asset class. The report notes that there is a particular need to assist low-income economies, many of which are adversely affected by climate-related disasters, and how multilateral development banks like AIIB can catalyze efforts to mainstream nature into all development considerations.
Putting nature, people, lives and livelihoods at the heart of climate action is a key thematic priority at COP28. AIIB and the COP28 Presidency are collaborating to mobilize much-needed climate investment capital and accelerate clean energy investments to address critical resource gaps in Asia and beyond.
The report can be read in full on AIIB’s website here.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
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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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