Fintech PR
Climate Impact Partners and Deloitte Join Forces to Unlock Large-Scale Seagrass Recovery Financing
LONDON, Oct. 9, 2024 /PRNewswire/ — Climate Impact Partners and Deloitte, in collaboration with Project Seagrass and the UK’s National Oceanography Centre, announce a groundbreaking program to fund UK seagrass recovery and unlock long-term finance to save and reinstate vital seagrass meadows.
The program will fund critical research across UK seagrass meadows, mapping the ecosystems and developing methods to restore them at scale. Crucially, this work will support the development of a new seagrass carbon code in the UK and beyond – enabling companies to finance seagrass recovery at greater speed and scale.
Despite seagrass’ crucial role in sequestering carbon, protecting coastlines, and supporting marine biodiversity; seagrass restoration has been underfunded, with nearly a third of seagrass lost globally in the last century. This program will look to address the barriers that prevent finance flowing to seagrass restoration, including improving the scientific knowledge of carbon sequestration, piloting new techniques for seagrass propagation and engaging communities in meadow restoration.
This program forms a key part of Deloitte’s Beyond Value Chain Mitigation (BVCM) activities, supporting innovative solutions outside their value chain. Deloitte is using skills, influence and targeted investment to catalyze environmental and social impact across the energy transition, circularity, sustainable food systems and nature restoration.
“Reaching net-zero will require the global economy to decarbonize as part of a connected system,” said Smruti Naik-Jones, Chief Sustainability Officer of Deloitte UK and North & South Europe. “This incredible seagrass program, developed by Climate Impact Partners, enables us to learn more about these marine ecosystems, fund critical research and help unlock a powerful tool in the fight against the climate crisis.”
“Deloitte is demonstrating true climate leadership through this program. Seagrass offers a unique opportunity to mitigate climate change while delivering significant co-benefits for biodiversity and coastal communities,” said Kirsty Schneeberger, Head of Product Innovation at Climate Impact Partners. “Imagine seagrass meadows as underwater vaults – they lock away enormous amounts of carbon for long periods, potentially millennia, as long as they remain healthy and undisturbed. We need to ensure they receive long-term and large-scale financing to accelerate the restoration and protection of these underwater wonders.”
“We need to protect and restore seagrass whilst supporting the continuation of sustainable human activities that occur amongst or depend directly upon seagrass ecosystems, said Dr Leanne Cullen-Unsworth, Chief Executive Officer and Charity Co-Founder, Project Seagrass. “We need to do this now, as a connected global community. This program helps to deliver this.”
“Seagrass meadows are the powerhouses of coastal seas providing a nature-based solution to climate change, said Dr Claire Evans, Biogeochemist, the UK’s National Oceanography Centre. “They have been neglected for decades, which has led to their large-scale degradation and loss. This program exemplifies how we can turn that loss into an opportunity for environmental renewal through large-scale restoration.”
In coordination with Project Seagrass, a team of volunteers from Deloitte and Climate Impact Partners helped harvest seedlings from a healthy seagrass meadow for the recovery program.
For further information please contact Hannah Blackmore:
[email protected]
+44 (0)2045 703147
Notes to editors:
About Climate Impact Partners
Climate Impact Partners is a leader in developing and delivering high-quality, high-impact carbon market solutions for climate action. For more than 25 years, the company has worked with climate-leading businesses to support more than 600 carbon removal and reduction projects in 56 countries. With a focus on helping to transform the global economy, improve health and livelihoods and restore a thriving planet, Climate Impact Partners develops and delivers the highest quality carbon-financed projects. It creates and manages carbon credit and energy attribute certificate portfolios that enable its clients to offset emissions they can’t yet reduce, put a price on carbon to incentivize change, and meet ambitious climate goals. Climate Impact Partners builds on the expertise, integrity, and innovation of two companies that have led the voluntary carbon market – Natural Capital Partners and ClimateCare. Learn more at www.climateimpact.com
About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK’s leading professional services firms. The information contained in this press release is correct at the time of going to press. For more information, please visit www.deloitte.co.uk.
WorldClimate is our transformation to become a sustainable firm, with science-based targets for reducing our carbon footprint. This requires holistic thought and action, so we’re making sustainability central to how we work. We’re inspiring and empowering our people to own the change, collaborating with external partners, and sharing the experience with our clients.
About Project Seagrass
Established in 2013 by a group of seagrass scientists, Project Seagrass is a global facing marine conservation organisation securing a future for seagrass. They do this by creating, empowering, and collaborating with communities; by leading, championing and communicating scientific research; and taking direct action to map, conserve, and restore seagrass meadows globally. Project Seagrass seek to reach a world in which seagrass meadows are thriving, abundant, and well managed for people and planet.
About the UK’s National Oceanography Centre (NOC)
The UK’s National Oceanography Centre (NOC) is one of the world’s top ocean research institutions. NOC work around the globe from the coast to the deep ocean, delivering world-class agenda-setting scientific research and technology development. NOC underpin international and UK public policy, business, and societal outcomes by solving challenging multidisciplinary, large scale, long-term marine science problems.
NOC operates the Royal Research Ships James Cook and Discovery and develops cutting-edge technology for coastal and deep ocean research. Working with its partners NOC provides long-term marine science capability including: sustained ocean observations, mapping and surveying; data management and scientific research and advice.
Among the resources that NOC provides on behalf of the UK are the British Oceanographic Data Centre (BODC), the Marine Autonomous and Robotic Systems (MARS) facility, the National Marine Equipment Pool (NMEP), the National Tide and Sea Level Facility (NTSLF), the Permanent Service for Mean Sea Level (PSMSL) and British Ocean Sediment Core Research Facility (BOSCORF).
NOC is a company limited by guarantee set up under the law of England and Wales (11444362) and registered as a charity (1185265).
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Fintech PR
Hastee reaches profitability as Earned Wage Access solutions become the norm for top employers
LONDON, Oct. 16, 2024 /PRNewswire/ — Hastee, one of Europe’s leading providers of earned wage access (EWA) and financial wellbeing solutions, is proud to announce that it has reached profitability. This marks a significant milestone in its journey to empower employees with greater financial flexibility and control. The achievement comes amid rising demand for on-demand pay solutions, with destination employers now frequently citing these as a necessary benefit to attract, retain, and engage staff.
Founded with a mission to improve the financial resilience of workers, Hastee has grown rapidly since its launch and now has over 350 employer clients spanning nearly all sectors. Notable customers include global leaders in hospitality (such as McDonald’s, Domino’s and Taco Bell), top international retailers (such as IKEA, Mediamarkt and DIA), major healthcare organisations (such as Bupa and the NHS), and many more of the world’s leading employers (such as Unilever, PayPal, Iberia Express and EY).
Hastee operates in 4 of the 5 largest European markets for earned wage access: UK, Spain, Ireland, and Portugal. In 2020, Hastee acquired Typs, one of Southern Europe’s leading financial wellbeing solutions, enabling Hastee to build a unique multi-language, multi-currency, and flexible platform ready for further international scaling. Hastee is majority-owned by IDC, a multi-fund platform with $2.2B AUM, through its innovation vertical IDC Ventures.
Hastee’s solution is built on 3 pillars of financial wellbeing: Earn, Learn, and Grow. Employees can use the award-winning Hastee app to track their earnings, access earned pay flexibly, receive personalized bite-sized financial education and save directly from their payroll. The app is one of the most popular financial wellbeing apps in the Apple App Store and Google Play Store, with a user rating of 4.7 in each.
“We are extremely proud to be among the very first EWA providers globally to reach profitability,” commented Hastee CEO Jaime Jimenez. “The combination of rapid growth of our customer base alongside a cautious approach to spending has paid off: we have built a highly sustainable business that can service its clients without the need for further external funding.”
Jimenez continued: “Financial wellbeing has risen to the very top of the agenda among HR leaders, and we are honoured to have a role to play in supporting employees improve their financial health, while also helping our clients reach their ambitious ESG targets.”
“We are thrilled to support Hastee in reaching this pivotal moment,” shared Alejandro Rodriguez, co-founder and Managing Partner at IDC Ventures. “Hastee’s focus on financial wellbeing aligns perfectly with IDC Ventures’ mission of backing impactful companies that make a positive difference. We’re excited to be part of this journey, providing real value to both the end users and our partners. This achievement reflects the strength of Hastee’s model and the growing importance of solutions that empower individuals to take control of their financial health.”
About Hastee
Hastee is a financial wellness platform that allows employees to access a portion of their earned wages before payday, helping them manage cash flow and avoid debt. The platform integrates with employers’ payroll systems and provides users with flexible, on-demand access to their earnings. Hastee currently has over 350 employer clients spanning nearly all sectors. Learn more by visiting Hastee.com.
About IDC Ventures
IDC Ventures (IDCV) is a venture capital platform within IDC Network, a global multi-fund asset manager. Serving as the Partner of Choice for over 150 family offices across 30 countries, IDCV offers a diverse range of venture capital opportunities including proprietary funds, co-investments, and co-managed funds in collaboration with industry-leading managers. With $500M in assets under management, IDCV typically leads funding rounds and holds board seats, offering founders guidance drawn from deep expertise in entrepreneurship, banking, law, and consulting. Since its inception in 2019, IDCV has backed transformative founders from Series A to growth stages, with a primary focus on fintech and marketplaces in Europe, the US, and Latin America—particularly Brazil and Mexico. For more information, visit IDCVentures.com.
Media Contact:
Ernesto Bernado
[email protected]
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OSLO, Norway, Oct. 16, 2024 /PRNewswire/ — Akastor ASA invites investors and analysts to a webcast presentation of the third quarter 2024 financial results on Wednesday, 30 October 2024.
Date and time:
Wednesday, 30 October 2024, at 15:00 CET
Presenters:
- Akastor: Karl Erik Kjelstad, CEO, and Øyvind Paaske, CFO
- HMH: Thomas McGee, CFO, and David Bratton, SVP FP&A and Operational Finance
Link to webcast:
https://akercreativehub.eventcdn.net/events/akastor-audiocast-q3-2024
Questions can be submitted throughout the streaming event. The presentation material will be published on www.akastor.com and www.newsweb.no at 07:00 CET on 30 October.
For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Mob: +47 917 59 705
E-mail: [email protected]
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
This information was brought to you by Cision http://news.cision.com
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LONDON, Oct. 16, 2024 /PRNewswire/ — Greenbrook, the specialist communications advisor, is pleased to announce the appointment of former European Commissioner and Lead non-exec director at HM Treasury, Lord Hill, and the return of the City advisor, David Trenchard, as advisors to the firm.
Lord Hill is the former European Commissioner for Financial Stability, Financial Services and Capital Markets Union. He was Leader of the House of Lords and Chancellor of the Dutchy of Lancaster from 2013 to 2014. He has been Lead non-executive director at HM Treasury and is Chairman of the Ditchley Foundation. He carried out the UK Listings Review for the then Chancellor of the Exchequer in 2021.
David Trenchard, who was an advisor to Greenbrook from 2014 to 2022, brings over four decades of experience in finance. Most recently, he was Engagement Director at Elliott Advisors. David began his career at Morgan Stanley, rising to become a Managing Director in Equity Capital Markets and Head of Corporate Broking.
Andrew Honnor, Managing Partner of Greenbrook, commented: “We are delighted to welcome both Jonathan and David to our team. Their considerable experience across policy, markets and finance will provide deep insight to our clients as they navigate the evolving challenges and opportunities in the current macro-economic environment.”
Lord Hill commented: “I’ve known Andrew for two decades, and have looked with admiration at what he has achieved at Greenbrook. I look forward to joining his team and hope I can add something to the firm’s growing success.”
David Trenchard commented: “It is a pleasure to return as an advisor to Greenbrook, a leader in complex communications issues. I look forward to working with Greenbrook’s clients across various situations.”
Lord Hill and David Trenchard join Michelle Pinggera, Simon Walker and Piers Dennison as advisors to Greenbrook. Michelle joined Greenbrook in July 2018 and is the former International Chief of Staff and Partner at Goldman Sachs. Simon joined Greenbrook in March 2017 and was previously Director General of the Institute of Directors, Communications Secretary to HM Queen Elizabeth II, advisor to former Prime Minister John Major, and Chief Executive of the British Private Equity & Venture Capital Association. Piers joined Greenbrook in July 2021 and is a former Partner and Head of Investor Relations at Park Square Capital.
Contact details:
Ksenia Galouchko / Demi Kurban
Greenbrook
+44 20 7952 2000 / [email protected]
About Greenbrook:
Greenbrook provides strategic communications advisory services to the investment industry. We work with clients across the following asset classes: private equity, venture capital, private debt, hedge funds, activist funds, infrastructure and real estate, and traditional fund management.
We advise our clients on all aspects of their business through the lens of reputation, helping to build and protect value.
Greenbrook has advised on over $58 billion of corporate and sovereign debt restructurings over the last 12 months. Greenbrook was ranked by Bloomberg as the #1 advisor in Europe for engaged shareholder communications in 2023. The firm ranked among the top #5 in Europe by Mergermarket and the #1 PR and communications firm in Europe by Private Equity Wire.
For more information, please visit www.greenbrookadvisory.com or follow Greenbrook on LinkedIn.
View original content:https://www.prnewswire.co.uk/news-releases/greenbrook-appoints-lord-hill-and-david-trenchard-as-advisors-302276721.html
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