Latest news with #SBTi
Business Wire
6 hours ago
- Business
- Business Wire
Opening of the Tender Offer Initiated by BWGI for Verallia Shares
PARIS--(BUSINESS WIRE)--Regulatory News: Following receipt of all required regulatory approvals, Verallia (Paris:VRLA) today announces that the tender offer filed on June 5, 2025 by BWGI, acting through Kaon V 1, (the ' Offer ') will be opened from June 23, 2025 (inclusive) to July 25, 2025 (inclusive). The Offer was cleared by the Autorité des marchés financiers (" AMF") on June 5, 2025, which on the same day approved Kaon V's offer document and Verallia's response document under numbers 25-196 and 25-197 respectively. The AMF has published today a notice announcing the opening of the Offer. In addition, Kaon V and Verallia made available today to the public the 'other information' documents relating to the legal, financial and accounting characteristics of Kaon V and Verallia. The documentation relating to the Offer is available on the dedicated transaction website of Verallia ( as well as the AMF's website ( Terms of the transaction BWGI's Offer is priced at 28.30 euros per share. It is reminded that Verallia's Board of Directors, upon recommendation of the ad hoc Committee, issued a favorable opinion on the Offer detailed in the response document of Verallia. Ledouble, acting as independent expert, has issued a report concluding that the financial terms of the Offer are fair for Verallia's shareholders. Next steps After closing of the Offer, the AMF will publish the results of the Offer on its website. If the Offer is successful, the Offer will be reopened for at least 10 trading days. A 'frequently asked questions' memorandum will be made available on Verallia's website ( to address questions that may be raised by shareholders. About Verallia At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all. With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024. Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO 2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement. Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable. Disclaimer This press release does not constitute an offer to purchase securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction. Any decision regarding the Offer must be based exclusively on the information contained in the Offer documents. This press release has been prepared for information purposes only. The distribution of this press release, the Offer and its acceptance may be subject to specific regulation or restrictions in certain countries. The Offer is not intended for persons subject to such restrictions. Consequently, persons in possession of this press release are required to inquire about any local restrictions that may apply and to comply with them. Verallia assumes no responsibility for any violation of these restrictions by anyone. It is intended that the Offer will be open in the United States in accordance with Section 14(e) of the U.S. Securities Exchange Act of 1934, as amended (the 'U.S. Exchange Act'), including Regulation 14E after application of the exemptions provided by rule 14d-1(d) of the U.S. Exchange Act (the 'Tier II' exemption) and the requirements of French law. Protection of personal data You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@ Press releases will still be available via the website Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@ If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France's regulatory body).
Hans India
13 hours ago
- Business
- Hans India
Ambuja, ACC get pats with Net-Zero targets
Ambuja Cements and ACC, the cement and building materials companies of the diversified Adani Portfolio, have achieved a landmark sustainability milestone as the leading two Indian cement companies amongst peers to have their net-zero targets validated by the Science Based Targets initiative (SBTi), it was announced on Thursday. The SBTi's 'Corporate Net-Zero Standard' is the world's only framework for corporate net-zero target setting in line with climate science.'We take immense pride in Ambuja Cements' and ACC's long-standing tradition of pioneering sustainability initiatives as we feel a strong responsibility to act in the climate crisis,' said Vinod Bahety, CEO-Cement Business, Adani group. The SBTi validation proves the companies' commitment to building a sustainable and responsible business, by doing not what is easy but what is necessary and positioning them as corporate leaders of the low-carbon transition. This recognition places them at the forefront of India's industrial decarbonisation, committed to cutting emissions at the pace and scale required to meet the Paris Agreement's 1.5 degrees Celsius goal. Ambuja is also the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), led by the International Renewable Energy Agency (IRENA) and is a member of WEF's Transitioning Industrial Clusters initiative. Synergies across the Adani Group ecosystem are central to this ambition. With a $100 billion commitment to India's green energy transition, the Group is scaling renewable capacity from 14.2 GW to 50 GW by 2030 and building an integrated green hydrogen platform.
India Gazette
a day ago
- Business
- India Gazette
Ambuja Cements and ACC become India's leading cement companies with net-zero targets validated by the SBTi
Ahmedabad (Gujarat) [India], June 19 (ANI): Ambuja Cements and ACC, the cement and building materials companies of the diversified Adani Portfolio, have achieved a landmark sustainability milestone as the leading two Indian cement companies amongst peers to have their net-zero targets validated by the Science Based Targets initiative (SBTi). The SBTi's Corporate Net-Zero Standard is the world's only framework for corporate net-zero target setting in line with climate science. According to Adani, the SBTi validation proves the Companies' commitment to building a sustainable and responsible business, by doing not what is easy but what is necessary and positioning them as corporate leaders of the low-carbon transition. This recognition places them at the forefront of India's industrial decarbonisation, committed to cutting emissions at the pace and scale required to meet the Paris Agreement's 1.5C goal. Vinod Bahety, CEO - Cement Business, Adani Group, said, 'We take immense pride in Ambuja Cements' and ACC's long-standing tradition of pioneering sustainability initiatives as we feel a strong responsibility to act in the climate crisis. The SBTi represents the highest standard for corporate climate targets.' He added, 'With the validation of our targets by the SBTi, we reinforce our dedication to creating a future where growth and environmental stewardship go hand in hand. We are the 9th largest cement manufacturer in the world and after Cemex, Heidelberg and Holcim, only one of this scale to achieve net-zero target validation. Our journey doesn't stop here - this is yet another step towards realising our vision for a decarbonised and sustainable world.' The Companies understand the importance of rapid and deep emission cuts and have been pioneering sustainability practices as leaders in the industry's transformation towards sustainable growth. The Companies will prioritise direct decarbonisation and neutralise residual emissions in line with SBTi criteria. The Companies' initiatives on green power, AFR, energy efficiency, technology upgradation, innovation have had helped to set up the targets. Ambuja is also the first cement manufacturer globally to join the Alliance for Industry Decarbonization (AFID), led by the International Renewable Energy Agency (IRENA) and is a member of WEF's Transitioning Industrial Clusters initiative. Synergies across the Adani Group ecosystem are central to this ambition. With a USD 100 billion commitment to India's green energy transition, the Group is scaling renewable capacity from 14.2 GW to 50 GW by 2030 and building an integrated green hydrogen platform. Under this, Ambuja Cements aims to achieve 60 per cent of its power requirements through renewable and green sources by FY'28, including 1 GW of solar and wind power, as well as 376 MW of WHRS. Of these, it has already achieved 299 MW and 186 MW capacities, respectively. Green hydrogen will play a key role in achieving net-zero. The Group's investments in this space will lead the Companies' net-zero pathways. The shared capabilities with the Group will enable Ambuja Cements and ACC to accelerate emissions reduction and reduce reliance on fossil fuels. This validation is not just a milestone; it is a mandate. Ambuja Cements and ACC are setting new benchmarks for the cement industry, proving that bold climate action is possible, necessary, and already underway. (ANI)
Yahoo
2 days ago
- Automotive
- Yahoo
Marelli's decarbonization targets approved by the Science Based Targets initiative
The company has committed to an overall net-zero target across the value chain by 2045 SOUTHFIELD, Mich., June 18, 2025 /PRNewswire/ -- Marelli, a global mobility technology supplier to the automotive sector, has received approval from the Science Based Targets initiative (SBTi) for its net-zero target by 2045, as well as its science-based near and long-term carbon emissions reduction targets. This achievement represents a significant milestone in the company's sustainability journey: having Science Based Targets initiative-approved decarbonization targets indicate that Marelli's emission reduction goals align with climate science to limit global warming. The latest climate science from the Intergovernmental Panel on Climate Change (IPCC) was described by the United Nations as "code red for humanity", and although it shows that is still possible to limit global temperature rise to 1.5°C vs pre-industrial levels and to avoid most catastrophic consequences, it also reminds that we are dangerously close to that threshold. Marelli has committed to three specific targets validated by the SBTi. Near-Term target: reduce greenhouse gas (GHG) emissions 42% by 2030 across scope 1, 2 and 3, from a 2022 base year. Long-Term target: reduce GHG emissions 90% by 2045 across scope 1, 2 and 3, from a 2022 base year. Overall Net-Zero target: reach net-zero greenhouse gas (GHG) emissions across the value chain by 2045. To be noted that a company is only considered to have reached Net-Zero when it has cut emissions by at least 90% and neutralized any residual ones: Marelli prioritizes reduction of emissions, and all residual ones will be neutralized in line with SBTi criteria before reaching net-zero emissions. As a reference, 'scope 1' emission include direct GHG emissions from operations of the reporting company. 'Scope 2' refer to indirect GHG emissions associated with the generation of purchased or acquired electricity, steam, heating or cooling consumed by the reporting company. 'Scope 3' are the other indirect GHG emissions that occur in the value chain of the reporting company, including both upstream and downstream emissions. The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. It develops standards, tools and guidance which allow companies to set greenhouse gas emissions reductions targets in line with science and with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest. Its partners are Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). In October 2023, Marelli committed to having its targets approved by SBTi within 24 months and remarkably achieved full validation in April 2025, ahead of schedule. The approval by SBTi confirmed that Marelli's efforts in reducing greenhouse gas emissions along the whole value chain, including suppliers, operations and product innovation, aligns with the Paris Agreement. The collaboration with the SBTi will also ensure a rigorous external monitoring of Marelli's progress in the years. "We are proud of this achievement, which marks a significant milestone in the company's commitment to support global emission reduction efforts." stated Denise Lana, Head of Sustainability at Marelli. "The Science Based Target initiative validation is invaluable in building customer trust in our commitments. It also sends a strong message within our company, confirming our commitments and business autonomy despite the recent changes in regulatory frameworks." About Marelli Marelli is a global mobility technology supplier to the automotive sector. With a strong and established track record in innovation and manufacturing excellence, our mission is to transform the future of mobility through working with customers and partners to create a safer, greener, and better-connected world. With around 40,000 employees worldwide, the Marelli footprint includes over 150 sites globally. Photo - View original content to download multimedia: SOURCE Marelli Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
SUEZ to supply 800GWh of renewable electricity to Bouygues Telecom
SUEZ has entered a long-term power purchase agreement (PPA) with Bouygues Telecom in a significant step in supporting the telecom company's decarbonisation trajectory. From January 2027, the 15-year contract commits SUEZ to provide 53 gigawatt hours (GWh) per year of low-carbon energy derived from household waste recovery. The PPA is part of SUEZ's strategic plan to enhance the energy and environmental performance of its facilities. The revenue generated from these energy sales will be reinvested into upgrading the company's waste-to-energy plants across France. SUEZ CEO of the waste France business unit and director of Foundation David Lamy stated: 'At SUEZ, we firmly believe that waste is a valuable resource worth recovering as either material or energy. 'Waste-to-energy is a central pillar of the group's strategy to support the energy transition of its customers, including local authorities and industrial clients. Signing this PPA with Bouygues Telecom marks a significant milestone in our ability to support businesses to decarbonise.' Bouygues Telecom aims to meet its electricity requirements using renewable sources as part of its climate strategy. The telecom giant plans to source 800GWh throughout the PPA through fixed-price agreements complemented by investments in renewable energy certificates. These efforts contribute towards meeting its validated science based targets initiative (SBTi) emission reduction goals for Scope 1 [from sources it owns or controls], Scope 2 [a consequence of its activities but from sources not owned or controlled by it] by -29.4% and Scope 3 [occuring in its value chain and typically associated with suppliers, customers or transportation] by -17.5%, using a baseline year of 2021. Bouygues Telecom purchasing director Eric Laurent stated: 'This partnership with SUEZ is an important step forward in our environmental commitment. 'It diversifies our PPA portfolio, which now stands at 87GWh per year, while providing long-term price visibility for all parties involved. The delivery of a guaranteed baseload electricity profile, ensuring a 24/7 power supply, is a key advantage for our electricity supply.' In early June 2025, SUEZ signed a waste-to-energy PPA with French retailer Carrefour. As of 2026, SUEZ will deliver Carrefour's stores in France with renewable electricity. "SUEZ to supply 800GWh of renewable electricity to Bouygues Telecom" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
