Fintech PR
Globe secures spot in FTSE4Good Index for 9th consecutive year
MANILA, Philippines, Aug. 12, 2024 /PRNewswire/ — Globe, a leading Philippine telco and digital solutions platform, has retained its spot in the prestigious FTSE4Good Index Series for the ninth consecutive year, underscoring the mobile leader’s unwavering commitment to sustainable practices.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption, and Climate Change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.
“We are dedicated to driving positive change within our organization and the communities we serve. This recognition motivates us to further our efforts and continue being a responsible corporate citizen,” said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer at Globe.
Globe has embedded sustainability into its core operations, starting with identifying its material topics. Through its biennial materiality study, the company is able to prioritize the key concerns of its stakeholders. Globe also conducts an enterprise-level risk assessment exercise where sustainability-linked risks are included. This yearly activity, where top management and management committees across all business units participate, ensures that Globe remains vigilant and proactive in its sustainability efforts.
Applying both a top-down and bottom-up approach, executives set the sustainability ambitions, align them with the company’s business objectives, and allocate the necessary resources to reach their goals. Employees innovate and come up with solutions to ensure that the ambitions are on track in terms of attainment. Both employees and executives are provided incentives to drive greater adoption and accountability of sustainability commitments and targets.
Sustainability Councils have been established as platforms to upskill, share best practices, and discuss sustainability-linked challenges and opportunities to better serve the customers. Internal ESG Playbooks have also been crafted to offer practical guidance.
Adhering to the principles of transparency and accountability, Globe annually publishes its Integrated Report to share its ESG performance. This summarizes how Globe creates value for and with its stakeholders to deliver positive societal and environmental impact. The report also marks the second year of adopting the GSMA ESG Metrics for Mobile, highlighting the company’s material impact across the mobile industry’s industry-specific KPIs, particularly in Environment, Digital Inclusion, Digital Integrity, and Sustainable Supply Chain.
The Integrated Report is externally assured to ensure that the non-financial sustainability-related disclosures and performance data meet the reporting standards of GRI and SASB and the principles of Stakeholder Inclusiveness, Materiality, Responsiveness, Reliability, Completeness, and Neutrality.
Likewise, for the first time, Globe has secured an Independent Verification Statement certifying the fair representation of the GHG emissions data of Globe, covering Scope 1, Scope 2, and Scope 3 emissions.
For more information on Globe’s sustainability initiatives, please visit https://www.globe.com.ph/about-us/sustainability.
View original content:https://www.prnewswire.co.uk/news-releases/globe-secures-spot-in-ftse4good-index-for-9th-consecutive-year-302219690.html
Fintech PR
May River Capital Acquires Cashco as its First Investment in a New Flow Control Solutions Platform
CHICAGO, Nov. 13, 2024 /PRNewswire/ — Cashco, a provider of highly-engineered pressure management solutions such as regulators, control valves, and tank safety equipment, today announced that it has been acquired by May River Capital (“May River”), a Midwest-based private equity firm focused on helping high-caliber industrial businesses grow and prosper.
Founded in 1920, Cashco is a well-established and trusted provider of efficiency- and safety-focused flow control products. Headquartered in Ellsworth, Kansas, with operations in Houston, Texas, and outside Berlin, Germany, Cashco is known for its deep application experience, breadth of product offerings, heightened product quality, and aftermarket service offerings. Cashco has strong relationships with blue-chip end-users, value-added representatives, distributors, and engineering, procurement, and construction firms globally. Cashco’s products offer customers mission-critical accuracy, reliability and safety in process flow control in diverse industries, including industrial gas, specialty chemicals, pharmaceuticals, food & beverage, semiconductor, alternative fuels, and petrochemicals, among others.
Under the leadership of President Clint Rogers, Cashco has achieved impressive growth over the past several years and is well-positioned to benefit from industry tailwinds in the diverse industries it serves. Rogers and the entire Cashco leadership team will continue to lead the organization in their current roles.
“We are proud of our heritage, brand, and values at Cashco, and are excited to partner with May River as we embark on the next phase of growth,” Rogers said. “May River has significant industrial sector focus along with deep financial and operational resources, which will allow us to continue to support our customers globally.”
Rahul Deshmukh, May River’s operating executive, will transition to CEO and executive chairman of Cashco.
“Cashco represents a high-quality business to serve as a growth platform for May River,” Deshmukh said. “We are delighted to partner with Clint Rogers and his experienced leadership team to drive growth and innovation in the business. We are committed to significant investment to build out this platform in the coming years, both organically and through M&A activity.”
Phil Ramsbottom, Principal at May River, said, “This strategy represents our fourth platform in the flow control sector, our deepest area of experience. Cashco’s leadership has built a tremendous foundation from which we plan to grow through further investments in new products, new markets, and complementary add-ons. We are excited to partner with Rahul, Clint, and the balance of the team to better serve Cashco’s loyal base of global customers.”
Paul Hastings LLP and BMO Capital Markets served as legal counsel and financial advisor to May River, respectively. Houlihan Lokey served as financial advisor to Cashco. BMO Harris Bank provided debt financing in support of the acquisition.
About Cashco
Cashco is a well-established designer, manufacturer, and servicer of a broad line of industrial control products. Products include regulators, control valves, controllers, pressure/vacuum relief vents, and flame and detonation arrestors. Cashco services customers in industries including industrial gas, chemicals, terminal storage, electronics, and food and pharmaceuticals, through a worldwide network of offices and representatives. For more information, please visit www.cashco.com.
About May River Capital
May River Capital is a Chicago-based private equity firm focused exclusively on partnering with lower middle-market, industrial growth businesses. May River invests in high-performing companies in such sectors as advanced manufacturing, engineered products and instrumentation, specialized industrial services, and value-added industrial distribution services. For more information, please visit www.mayrivercapital.com.
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View original content:https://www.prnewswire.co.uk/news-releases/may-river-capital-acquires-cashco-as-its-first-investment-in-a-new-flow-control-solutions-platform-302301734.html
Fintech PR
Laconic and the Plurinational State of Bolivia announce landmark 5 Billion USD Sovereign Carbon Transaction
CHICAGO and LA PAZ, Bolivia, Nov. 13, 2024 /PRNewswire/ — Laconic Infrastructure Partners Inc. (Laconic), announced today that it has been mandated by the Plurinational State of Bolivia to utilize its SADAR™ Natural Capital Monetization (NCM) platform to provide technology transfer in support of Bolivia’s capacity building initiatives as it seeks to finance the enhanced ambition set forth in its Nationally Determined Contribution (NDC).
By using Laconic’s first-of-its-kind carbon securitization platform, multiple large-scale environmental data streams will be aggregated to monetize up to 5BN USD of Bolivia’s present & future carbon stocks in the world’s first Article 6 compliant benchmark Sovereign Carbon sale.
“The Plurinational State of Bolivia is committed to completely ending deforestation within our territorial borders by 2030”, said Marcelo Montenegro Gomez Garcia, Minister of Economy & Public Finance. “By working with Laconic, we have been able, for the first time, to generate sufficient development financing to enable our country to make this commitment a reality and enhancing our ambition under the Paris Agreement. This benefits not only our own citizens, but all of mankind, as we collectively strive to meet NetZero 2050.”
By creating its unique Sovereign Carbon product, Laconic has revolutionized financial intermediation in the global carbon market by allowing carbon to be traded as a true financial asset for the first time. This capability allows governments to efficiently monetize their natural capital assets by issuing bona fide securities to institutional buyers at scale globally.
The Sovereign Carbon market is the only mechanism capable of generating the 1 Trillion USD of carbon trading required annually for mankind to achieve its collective NetZero pledge.
Laconic’s unique technology platform, SADAR™, works continuously to manage the data streams which the Sovereign Carbon product requires – ensuring compliance with the not only the Paris Agreement itself, but all applicable local and regional regulatory authorities governing the carbon market. Governments rely on Laconic to ensure seamless compliance with their treaty commitments, allowing them to focus on further enhancing their NDC ambitions and accelerating the pace of global decarbonization.
“Laconic is honored to be working with the Plurinational State of Bolivia to champion the innovative Sovereign Carbon market”, said Andrew Gilmour, CEO of Laconic. “This transaction demonstrates the power of technology to drive change in emerging markets finance, as, for the first time, we are able to collectively harness market forces to generate more economic growth from the preservation of natural capital assets than from the exploitation of them. Put simply – our technology has made it possible to make more money preserving your forests than you can by cutting them down.”
About Laconic
Laconic delivers accurate environmental intelligence, data management tools, and geospatially-fused insights that enable governments, corporations, and financial institutions to engage fairly in data interchange activities that facilitate open and compliant capital markets activity in carbon-linked instruments.
Founded in 2021, the company is a Public Benefit Corporation (PBC) headquartered in Chicago, with offices in Toronto, London, and Singapore.
For more information, please visit www.laconicglobal.com.
Laconic and SADAR (Sentient All-Domain Augmented Response), LUEI, and LUCID are trademarks or registered trademarks of Laconic Infrastructure Partners Inc. in the U.S. and other countries. All other names are trademarks or registered trademarks of their respective companies.
Media contacts:
Laconic
Brant Pinvidic
[email protected]
Elke Heiss
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/laconic-and-the-plurinational-state-of-bolivia-announce-landmark-5-billion-usd-sovereign-carbon-transaction-302303623.html
Fintech
Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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