PepsiCo Doubles Down on Climate Goal and Pledges Net-Zero Emissions by 2040

PURCHASE, N.Y., Jan. 14, 2021 /PRNewswire/ — PepsiCo, Inc. (NASDAQ:PEP) today announced plans to more than double its science-based climate goal, targeting a reduction of absolute greenhouse gas (GHG) emissions  across its value chain by more than 40% by 2030. In addition, the company has pledged to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement.

PURCHASE, N.Y., Jan. 14, 2021 /PRNewswire/ — PepsiCo, Inc. (NASDAQ:PEP) today announced plans to more than double its science-based climate goal, targeting a reduction of absolute greenhouse gas (GHG) emissions  across its value chain by more than 40% by 2030. In addition, the company has pledged to achieve net-zero emissions by 2040, one decade earlier than called for in the Paris Agreement.

Specifically, PepsiCo plans to reduce absolute GHG emissions across its direct operations (Scope 1 and 2) by 75% and its indirect value chain (Scope 3) by 40% by 2030 (2015 baseline). This action is expected to result in the reduction of more than 26 million metric tons of GHG emissions or the equivalent of taking more than five million cars off the road for a full year.

«The severe impacts from climate change are worsening, and we must accelerate the urgent systemic changes needed to address it,» said PepsiCo Chairman and CEO Ramon Laguarta. «Climate action is core to our business as a global food and beverage leader and propels our PepsiCo Positive journey to deliver positive outcomes for the planet and people. Our ambitious climate goal will guide us on the steep but critical path forward — there is simply no other option but immediate and aggressive action.»

PepsiCo’s sustainability strategy, informed by leading science-based measures and cost-benefit analysis, focuses on the areas where it can have the most impact, while creating scalable models and partnerships for accelerated progress across the full value chain. The company’s emissions target aligns to the Business Ambition for 1.5°C pledge and has been approved by the Science Based Targets initiative as the most ambitious designation available through their process.

«We congratulate PepsiCo on setting an emissions reduction target consistent with limiting warming to 1.5°C, the most ambitious goal of the Paris Agreement,» said Nate Aden, Senior Associate at World Resources Institute, one of the Science Based Targets initiative partners. «Companies have a vital role to play in driving down global emissions, and it is encouraging to see major players, such as PepsiCo, taking ambitious action.»

PepsiCo’s action plan is centered around both mitigation, reducing GHG emissions to decarbonize its operations and supply chain, and resilience, reducing vulnerabilities to the impacts of climate change by continuing to incorporate climate risk into business continuity plans. With operations in more than 200 countries and territories around the world and approximately 260,000 employees, the company’s emissions reduction plan will be comprehensive across priority areas such as agriculture, packaging, distribution and operations. 

  • With agriculture accounting for approximately one quarter of worldwide GHG emissions and one third of PepsiCo’s emissions, PepsiCo will further scale sustainable agriculture and regenerative practices that help lead to emissions reduction and sequestration, as well as improved soil health and biodiversity, decreased deforestation, and increased productivity for farmers. This includes expanding the company’s global network of Demonstration Farms, which provide localized training and tools to implement sustainable practices and improve livelihoods.
  • PepsiCo will lower GHG emissions impact with a continued drive to reduce virgin plastic use and increase recycled content in its packaging.
  • Through the implementation and upgrading of environmentally sustainable manufacturing, warehousing, transportation and distribution sites, similar to the Frito-Lay North America facility in Modesto, Calif., the company aims to maximize efficiency in its supply chain, while also adopting zero- and near-zero-emission technologies.  
  • PepsiCo is implementing innovative business processes that enable GHG emissions mitigation, such as its «Sustainable from the Start» program, which puts environmental impact decision-making at the heart of product design. Additionally, two internal carbon pricing programs, one aimed at eliminating the carbon impact of employee business air travel and another at building carbon impact into carrier selection for third party logistics in North America, will help further reinforce climate considerations in PepsiCo’s business decisions.
  • From Lay’s to Pepsi and Quaker to Tropicana, more and more PepsiCo brands are being made using electricity from a mix of renewable energy sources.
    • In 2020, PepsiCo met its target to source 100% renewable electricity in the U.S. and set a new target to source 100% renewable electricity across all of its company owned and controlled operations globally by 2030 and across its entire franchise and third-party operations by 2040.
    • PepsiCo is also expected to achieve 100% renewable electricity in Mexico and Australia in 2021, which will bring the total number of countries fully sourcing renewable energy in PepsiCo’s direct operations to 15 and address approximately 60% of its direct global electricity needs through renewable sources. Twelve countries in PepsiCo’s Europe sector already source 100% renewable electricity.
    • PepsiCo continues to support the growth of new renewable energy generation capacity through power purchase agreements. The company has finalized agreements with renewable energy company Ørsted for two new wind projects in Texas and Nebraska that will address nearly a quarter of PepsiCo’s total U.S. electricity needs.

«Our climate ambition is at the very heart of accelerating our global sustainability progress, and we are using our scale and reach to build a more sustainable and regenerative global food system,» said Jim Andrew, Chief Sustainability Officer, PepsiCo. «It’s long overdue that companies move beyond just minimizing their environmental impact, they must actively work to improve and regenerate the planet.»

PepsiCo was recently named to CDP’s Climate A List and is also engaged in multiple partnerships and coalitions aimed at driving action on climate change, including the One Trillion Trees initiative, The Climate Group’s RE100, Renewable Energy Buyers Alliance, We Are Still In and the U.S. Climate Leadership Council. For more on our collaborative work to address climate change, visit our ESG Topics Climate page.

For More Information: pepsicomediarelations@pepsico.com

About PepsiCo

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $67 billion in net revenue in 2019, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. «Winning with Purpose» reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business.  For more information, visit www.pepsico.com.

Cautionary Statement

This release contains statements reflecting our views about our future performance that constitute «forward-looking statements» within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as «aim,» «anticipate,» «believe,» «drive,» «estimate,» «expect,» «goal,» «intend,» «may,» «plan,» «project,» «strategy,» «target» and «will» or similar statements or variations of such terms and other similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such statements, including the impact of the spread of COVID-19; future changes in demand for PepsiCo’s products, as a result of changes in consumer preferences or otherwise; changes in laws related to the use or disposal of plastics or other packaging of PepsiCo’s products; changes in, or failure to comply with, applicable laws and regulations; imposition or proposed imposition of new or increased taxes aimed at PepsiCo’s products; imposition of labeling or warning requirements on PepsiCo’s products; PepsiCo’s ability to compete effectively; political conditions, civil unrest or other developments and risks in the markets where PepsiCo’s products are made, manufactured, distributed or sold; the ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption; increased costs, disruption of supply or shortages of raw materials and other supplies; water scarcity; business disruptions; damage to PepsiCo’s reputation or brand image; loss of, or a significant reduction in sales to, any key customer; disruption to the retail landscape, including rapid growth in the e-commerce channel and hard discounters; climate change, or legal, regulatory or market measures to address climate change; and other factors that may adversely affect the price of PepsiCo’s publicly traded securities and financial performance. For additional information on these and other factors that could cause PepsiCo’s actual results to materially differ from those set forth herein, please see PepsiCo’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE PepsiCo, Inc.

British Plastics Federation And UK Research And Innovation Launch Courses To Help Increase Plastic Recycling And Improve Sustainability

LONDON, Jan. 14, 2021 /PRNewswire/ — The British Plastics Federation (BPF) and UK Research and Innovation (UKRI) are collaborating to support the UK’s plastics supply chain in creating more sustainable and easy-to-recycle packaging. As part of the initiative, two training courses have been developed for people throughout the plastics packaging supply chain, including brands, designers, manufacturers, retailers and even students, about how to use plastics more sustainably.

The joint initiative…

LONDON, Jan. 14, 2021 /PRNewswire/ — The British Plastics Federation (BPF) and UK Research and Innovation (UKRI) are collaborating to support the UK’s plastics supply chain in creating more sustainable and easy-to-recycle packaging. As part of the initiative, two training courses have been developed for people throughout the plastics packaging supply chain, including brands, designers, manufacturers, retailers and even students, about how to use plastics more sustainably.

The joint initiative aims to drive the development of easy-to-recycle and resource efficient plastic packaging, which will help ensure more sustainable products are developed and used within the UK.

Governments across the world and the global plastics industry are looking at ways to reduce the impact of plastics on the environment. The BPF’s latest training courses, funded by the UKRI, includes a range of environmental topics including the life cycle approach, causes and solutions to marine litter, the principles of eco-design, bioplastics, legislation and the waste hierarchy.

Launched today, the latest course, ‘Plastic Packaging – Understanding the Environmental Issues’, aims to educate staff at retailers, brands and manufacturers about the core issues and complexities in the drive to reduce plastic packaging waste. Usually priced at £120, the course is available for £25 until the end of January 2021. To find out more and sign up for the course go to: https://www.polymercourses.com/plastic-packaging-and-sustainability-understanding-the-issues/

Philip Law, Director-General of the British Plastics Federation, states: «In launching PolymerCourses.com, the BPF has developed a platform to assist companies in educating their staff about key issues affecting their business. In recognition of this, we have developed our first two courses to provide technical insights and valuable knowledge to those interested in or involved with the sustainability of plastics packaging in an interesting and accessible way.»

Paul Davidson, Challenge Director, UKRI Smart Sustainable Plastic Packaging Challenge states: «It’s great to see the impact that our support for this BPF project is having in engaging brands and retailers to help reduce the environmental cost of plastic packaging. We’re keen to continue to drive innovation and ensure that the plastics packaging supply chain has the technical knowledge required to develop more sustainable packaging.»

The BPF has also released two new reports this week about sustainability and plastic recycling in the UK.  Sustainability in the Plastics Supply Chain addresses key environmental issues in the plastics industry, providing examples and case studies of good practice, while the comprehensive Recycling Roadmap demonstrates how the UK recycling industry could expand in the next ten years, tripling the amount of plastic waste recycled in UK facilities, provided the right drivers are in place. The BPF projects that with significant investment and other key developments, far less plastic waste would need to be exported and plastic going to landfill could shrink to just 1% by 2030.

Contact
For further information, quotes, images or to arrange an interview with the BPF please contact: 
Alex Harris, Marketing Manager, BPF
Phone: +44(0)20 7457 5012
Email: aharris@bpf.co.uk

Notes for Editors
Further information and images: https://www.bpf.co.uk/article/bpf-and-ukri-courses-1830.aspx

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SOURCE The British Plastics Federation

itelligence | NTT DATA Business Solutions reduces CO2 footprint in Germany with green electricity

BIELEFELD, Germany, Jan. 14, 2021 /PRNewswire/ — itelligence | NTT DATA Business Solutions, one of the world’s most successful SAP service providers, is enhancing its sustainability by converting to 100 percent green electricity in Germany. This change took effect on January 1, 2021 and covers itelligence’s data centers in Bautzen and Bielefeld and the office…

BIELEFELD, Germany, Jan. 14, 2021 /PRNewswire/ — itelligence | NTT DATA Business Solutions, one of the world’s most successful SAP service providers, is enhancing its sustainability by converting to 100 percent green electricity in Germany. This change took effect on January 1, 2021 and covers itelligence’s data centers in Bautzen and Bielefeld and the office premises in Bautzen, Bielefeld and Dresden.

Norbert Rotter, CEO of itelligence | NTT DATA Business Solutions: «itelligence’s motto ‘We Transform. Trust into Value’ does not only apply in the area of consulting. With this change, we are demonstrating that we are not only committed to our customers’ success but also to an ecofriendly, sustainable approach in our business operations.»

André Walter, Vice President Global Managed Services – Cloud Infrastructure Services, responsible for the data centers around the world at itelligence, adds: «By changing to certified green electricity, we are reducing our CO2 footprint, fostering regenerative energies and purposefully pursuing our Green IT Investment strategy.»

As of January 1 of this year, itelligence | NTT DATA Business Solutions is procuring electricity obtained from sustainable sources, such as wind, sunlight, hydropower, geothermal plants and biogas, from energy provider E.ON Energie Deutschland.

Dr. Victoria Ossadnik, CEO of E.ON Energie Deutschland comments: «By taking the step of a wholesale change to certified green electricity from E.ON, itelligence is providing further impetus to the green digitalization, actively supporting the successful realization of the Energy Transition in Germany’s business world.»

itelligence’s annual energy consumption amounts to 10 million kilowatt hours, roughly corresponding to that of 2,500 four-person households, i.e. almost a small town. At its three German data centers, Bautzen, Bautzen/Salzenforst and Bielefeld, itelligence runs over 11,700 servers for some 1,000 managed cloud services customers. Including the office buildings in Bautzen and Dresden and the Bielefeld head office of itelligence | NTT DATA Business Solutions, some 1,800 employees of the company now work using green electricity in Germany.

Press contact:

Head of Corporate Public Relations
Silvia Dicke
itelligence AG
Königsbreede 1
D-33605 Bielefeld
T: +49 (0) 521 / 9 14 48 – 107
E-mail: silvia.dicke@itelligence.de

About itelligence

itelligence AG transforms IT landscapes and business processes through the combination of innovative SAP software and technology with services and products developed in-house. As an SAP Global Platinum Partner, itelligence supports SMEs and large enterprises in every phase of their digital transformation. itelligence’s range of services includes IT strategy and transformation consulting, software deployment and implementation, as well as application management and managed cloud services. The excellence of these services is built on the foundation of itelligence’s local presence, global capacity, and comprehensive industry expertise. itelligence partners with customers to create new and innovative business opportunities through the use of IT – for each facet of the customer’s business. Thousands of satisfied customers have placed their trust in itelligence, many of them since the company was founded 30 years ago.

itelligence’s contribution to innovation and long-term business success has been confirmed by numerous SAP awards and leading market analysts. itelligence is part of the global NTT DATA group and employs about 10,000 people across 28 countries. In 2019, itelligence generated about 1 billion euros in total revenues.

https://itelligencegroup.com

Photo: https://mma.prnewswire.com/media/1419765/itelligence_AG_NorbertRotter_NTT.jpg

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SOURCE itelligence AG

Fossil Free Indexes (FFI) Rebrands to FFI Solutions to Reflect Expanded Focus on Sustainable Investing

NEW YORK, Jan. 14, 2021 /PRNewswire-PRWeb/ — Fossil Free Indexes (FFI), a firm committed to climate-aligned investing, has rebranded to FFI Solutions to better reflect the company’s expanded product and service offerings for market participants intending to transition to more sustainable investment strategies. Building on the strengths of The Carbon Underground 200TM (CU200), the firm’s internationally-recognized list of the top 200 publicly-traded fossil fuel reserve owners, FFI Solutions is now…

NEW YORK, Jan. 14, 2021 /PRNewswire-PRWeb/ — Fossil Free Indexes (FFI), a firm committed to climate-aligned investing, has rebranded to FFI Solutions to better reflect the company’s expanded product and service offerings for market participants intending to transition to more sustainable investment strategies. Building on the strengths of The Carbon Underground 200TM (CU200), the firm’s internationally-recognized list of the top 200 publicly-traded fossil fuel reserve owners, FFI Solutions is now offering additional research and screening tools, as well as its own Portfolio Carbon Diagnostics, ESG and impact integration tools, and index and product design capabilities.

«Expanding our research product offerings across the sustainable investing spectrum is a natural extension of our climate-centric strengths,» explains Michael Palmieri, CEO of FFI Solutions. «Investors are now seeking a continuum of sustainability research and products, from divestment to ESG and impact investing strategies that align values with performance. As we’ve sourced new data and developed technology-driven products focused on these investing trends, it has become clear that we needed to rebrand the company to better communicate the breadth of our offerings.»

Used by investors and investment managers to screen over $7 billion in assets, the CU200 exclusionary list is the recognized standard for divesting coal, oil, and gas reserve-owning companies. FFI Solutions is adding a new Heavy Carbon service that expands its current Tar Sands 20 service to include thermal coal research and screening capabilities. It also plans to launch additional exclusionary screens beyond fossil fuel fuels focused areas including tobacco and e-cigarettes, private prisons, and diversity, among others. The new Portfolio Carbon Diagnostics also builds on the research strengths of the CU200 by providing investors with on-demand snapshots and comprehensive reports on the carbon exposures and ESG controversies in their portfolios. Backtesting capabilities, which measure the hypothetical impact of excluding fossil-fuel holdings on portfolio performance, are also under development.

Other offerings include ESG and impact integration solutions, which combine extensive market, ESG, and factor data with flexible backtesting, scenario analysis and stress testing analytics, giving clients the clarity to make well-informed decisions as they transition to more sustainable portfolios. Lastly, index and product design services provide asset owners and asset managers with the ability to develop benchmarks or new index products that meet the market’s demand for ESG and sustainable investing products.

FFI Solutions’ new product offerings complement its Energy Transition Long-Short (US) (ETLS-US) strategy, a rules-based model portfolio that the company developed in 2019. The index strategy, which is long clean energy companies and short select CU200 fossil fuel reserve owners, is available to RIAs as a model portfolio on the SmartX managed account platform. The ETLS-US was the top performing SRI/ESG and long-short model portfolio on the SmartX platform in 2020.

«The move toward climate-aligned investment strategies has accelerated in recent years as institutional investors reallocate their portfolios away from coal, and oil and gas companies and toward clean energy and other ESG-focused opportunities,» adds Christopher Ito, CEO of FFI Holdings LLC, the parent company of FFI Solutions. «With our array of offerings, we stand ready to serve institutional investors, asset managers, family offices, and RIAs as they seek innovative, performance-driven solutions that incorporate today’s climate-friendly and socially-conscious investment principles.»

About FFI Solutions

FFI Solutions (http://www.ffisolutions.com) is a research and analytics-driven advisory firm that empowers investors and asset managers to transition to more sustainable investments. Rooted in climate change impact since 2013, it is the creator of The Carbon Underground 200(TM), an exclusionary screen used by some of the world’s leading asset managers and investment firms as the tool for the transition of more than $7 billion in fossil-free portfolios and newly created sustainable products. FFI Holdings LLC is the parent company of FFI Solutions and FFI Advisors, (http://www.ffiadvisors.com), a performance and mission-driven investment manager focused on developing climate-aligned strategies.

Contact:
Lucy Di Rosa
Head of Communications
lucydirosa@ffisolutions.com
+1 (646) 568-5900 X703

Media Contact

Lucy Di Rosa, FFI Solutions, +1 (646) 568-5900 Ext: 703, lucydirosa@ffisolutions.com

Twitter

 

SOURCE FFI Solutions

NEXE Innovations Awarded $1,000,000 from the Government of Canada

VANCOUVER, BC, Jan. 14, 2021 /PRNewswire/ – NEXE Innovations Inc. («NEXE» or the «Company»), a leader in plant-based materials science and advanced manufacturing technologies, is pleased to announce that it has been awarded a $1,000,000 grant from the Government of Canada («GOC») to support the commercialization of its NEXE Nespresso-Compatible Pods. The award is part of Phase 2 of the GOC’s<a target="_blank"…

VANCOUVER, BC, Jan. 14, 2021 /PRNewswire/ – NEXE Innovations Inc. («NEXE» or the «Company»), a leader in plant-based materials science and advanced manufacturing technologies, is pleased to announce that it has been awarded a $1,000,000 grant from the Government of Canada («GOC») to support the commercialization of its NEXE Nespresso-Compatible Pods. The award is part of Phase 2 of the GOC’s Plastics Challenge: Improved Compostability of Bioplastics («Bioplastics Challenge»). This follows a $150,000 grant that NEXE received in 2019 during Phase 1 of the program to support prototype development. This award will support the high-speed manufacturing of the Company’s NEXE Nespresso-Compatible pods following the announcement of best-in-class composting results last week.

NEXE Chief Scientific Officer Dr. Zachary Hudson commented «We are grateful to the Government of Canada for this award, which reflects their commitment to nurturing innovative, Canadian-made solutions to some of the world’s most challenging problems. At NEXE, we have developed and validated sustainable plant-based materials that are better for the environment without compromising the needs of the consumer. We look forward to bringing them to market with the support of Innovative Solutions Canada.»

«We are honoured to receive this award from the Government of Canada,» said Company CEO Darren Footz. «This award helps validate our research and development efforts over the last five years in developing a fully compostable pod for both Keurig K-Cup and Nespresso-compatible brewing systems. With the support of the Canadian Government and their aligned objectives we will be able to accelerate the development of new and innovative plant based products.

In 2018, the GOC launched the Bioplastics Challenge to support the development of new technologies to improve the compatibility of bioplastics with home and municipal composting systems. This initiative reflects Canada’s commitment to the Ocean Plastics Charter, signed by 26 nations with the aim of developing a more sustainable approach to the management of plastics. The challenge was made under the GOC’s Innovative Solutions Canada («ISC») program, with over $100 million dedicated to supporting the scale-up and growth of Canadian businesses.

NEXE was awarded Phase 2 funding to develop plant-based and fully compostable Nespresso-Compatible coffee pods from bioplastic and wood fibre. This project was recognized for its potential to improve the compostability of bioplastics and to substantially reduce plastic waste.

About NEXE Innovations Inc.

NEXE Innovations Inc. is a leader in plant-based compostable technology and advanced materials manufacturing based in British Columbia, Canada. The company has developed one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in existing major single-serve coffee machines. The proprietary NEXE pod is designed to reduce the significant environmental impact caused by single-serve pods (+40 billion plastic pods discarded every year). With over $30M raised (equity and government funding) to date and over five years of R&D, NEXE is well-positioned to meet the growing demand for environmentally friendly and sustainable products in the single-serve coffee sector and beyond.

Social Media

https://twitter.com/nexeinnovations
https://www.facebook.com/nexeinnovations
https://www.linkedin.com/company/nexeinnovations
https://www.instagram.com/nexeinnovations

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this release are forward-looking statements or information, which include the proposed use of proceeds, commercialization of the NEXE PODs, including the NEXE Nespresso Compatible Pod, and increase production capacity, create other environmentally friendly compostable packaging opportunities, development of technologies, the potential of the Company’s technology, future plans, regulatory approvals and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as «may», «expect», «estimate», «anticipate», «intend», «believe» and «continue» or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, consumer demand for and sentiment towards the Company’s products, security threats, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, litigation, increase in operating costs, the impact of COVID-19 or other viruses and diseases on the Company’s ability to operate, competition, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions.  Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release.  Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

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SOURCE Nexe Innovations Inc.

TCSA Presents Groundbreaking «National Data Brain» Concept at Special Conference Hosted by the SCO Secretariat

BEIJING, Jan. 14, 2021 /PRNewswire/ — The Secretariat of the Shanghai Cooperation Organisation (SCO) and the Thousand Cities Strategic Algorithms (TCSA) jointly held a summit on «National Data Brain: Driving Societal Stability and Economic Revitalization» on Tuesday in Beijing.

BEIJING, Jan. 14, 2021 /PRNewswire/ — The Secretariat of the Shanghai Cooperation Organisation (SCO) and the Thousand Cities Strategic Algorithms (TCSA) jointly held a summit on «National Data Brain: Driving Societal Stability and Economic Revitalization» on Tuesday in Beijing.

SCO Secretary-General Vladimir Norov (Right)  TCSA Chairman Adkins Zheng (Left)

As a part of the 20th anniversary of the SCO, the summit was attended by the SCO member states, observer states, partner states, ambassadors, diplomatic representatives of the Association of Southeast Asian Nations (ASEAN) and the League of Arab States (LAS), as well as well-known Chinese entrepreneurs.

According to SCO secretary-general Vladimir Norov, who made opening remarks on the summit, SCO states are making joint efforts to build an effective financial mechanism for data-driven economic development. An in-depth understanding of TCSA’s solution can help achieve the goal of tightened cooperation using innovative technologies.

This summit provided a technological blueprint for an upgrade in macroeconomic governance, said Vladimir Norov, adding that he hoped that the summit could accelerate the construction of National Data Brain in various countries to achieve societal stability and economic revitalization for all SCO states.

Adkins Zheng, chairman of TCSA, expressed his gratitude for SCO’s recognition and support, and gave a detailed presentation on the construction of the National Data Brain. 

TCSA pioneered a novel model for data transmission, storage, computation, and application across a massive range of dimensions, said Zheng, adding that serving like the CPU of the national economy, this data architecture can reduce data processing costs exponentially.

As the first international consultancy to serve visionary central governments in the establishment of digitalized national macroeconomic systems through the construction of National Data Brain, TCSA has won widespread recognition from authorities and academia such as the World Bank and IMF.

Currently, TCSA is promoting cooperation with central governments and central banks in 50 countries, among which, five of them have entered the signing process and two of them have signed cooperation agreements. About TCSA: https://tcsa.cloud/

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SOURCE TCSA

El Kia Telluride es nombrado Best Family Car to Buy en 2021 por The Car Connection

IRVINE, California, 14 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — El Kia Telluride fue nombrado como Best Family Car to Buy (el mejor vehículo familiar para comprar) en 2021 por The Car Connection, siendo este el segundo año consecutivo en el que esta hermoso y  cuadrado SUV recibe altos honores por parte de los editores de TCC. El año anterior, el Telluride fue nombrada Best Car To Buy, recibiendo está designación por una ventaja arrasadora.

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IRVINE, California, 14 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — El Kia Telluride fue nombrado como Best Family Car to Buy (el mejor vehículo familiar para comprar) en 2021 por The Car Connection, siendo este el segundo año consecutivo en el que esta hermoso y  cuadrado SUV recibe altos honores por parte de los editores de TCC. El año anterior, el Telluride fue nombrada Best Car To Buy, recibiendo está designación por una ventaja arrasadora.

La Kia Telluride es nombrada Best Family Car to Buy en 2021 por The Car Connection.

«Es con gran honor que recibimos este premio para el Telluride, el cual continua cimentando su categoría icónica día tras día con una larga lista de triunfos», comentó Sean Yoon, presidente y director ejecutivo de Kia Motors America y Kia Motors North America. «El Telluride es el estandarte de la increíble transformación de Kia, y recibir los elogios por parte de los expertos en automóviles de TCC por segundo año consecutivo confirma nuestro trabajo y compromiso por fabricar productos ganadores».

Best Car To Buy 2021 se enfoca en los vehículos de uso diario que ofrecen el mejor equilibro entre valor, eficiencia en combustible, seguridad, espacio interior, calidad, diseño y dinámica de manejo. Los editores seleccionaron a los ganadores después de un año de pruebas de conducción en más de 100 vehículos nuevos modelo 2021 con precios inferiores a $50,000.

«El Telluride claramente volvió a ganar este año, después de haber ganado nuestro premio Best Car To Buy en 2020», mencionó Martin Padgett, director editorial de Internet Brands Automotive. «Tiene estilo y es amplia, tecnológicamente avanzada y de fácil uso, y es un referente entre la familia de vehículos de tres filas de asientos».

Con el lanzamiento del Telluride en 2020 como un vehículo totalmente nuevo, la versión 2021 recibió ligeras mejoras y una edición especial Nightfall, con elementos oscurecidos que le dan a este SUV de tres filas de asientos una presencia aún más imponente en la carretera. El Telluride 2021 tiene precios desde $32,190.

Acerca de Kia Motors America

Kia Motors America, cuya sede se encuentra en Irvine, California, ha sido la marca mejor clasificada y es reconocida como una de las 100 mejores marcas mundiales. Kia es el «Socio automotor oficial» de la NBA y ofrece una gama completa de vehículos que se venden a través de una red de más de 750 concesionarios en los Estados Unidos, entre los que se incluyen automóviles y SUV orgullosamente construidos en West Point, Georgia.*

Para obtener información de prensa, incluyendo fotografías, visite www.kiamedia.com. Para recibir avisos personalizados por correo electrónico sobre comunicados de prensa al momento de su publicación, suscríbase en www.kiamedia.com/us/en/newsalert.

*Los modelos Telluride, Sorento y K5 se ensamblan en los Estados Unidos con partes de los Estados Unidos y de otros países.

Kia Motors America Logo (PRNewsfoto/Kia Motors America)

Fotografía: https://mma.prnewswire.com/media/1419115/Kia_Motors_America_Telluride.jpg  

Logotipo: https://mma.prnewswire.com/media/812837/Kia_Motors_America_Logo.jpg

FUENTE Kia Motors America

Alfa Laval acquires a stake in AMI Global

LUND, Sweden, Jan. 14, 2021 /PRNewswire/ — Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired a 20 percent stake in AMI Global, specialized in end-to-end industrial Internet of Things’ (IoT) solutions for rotating equipment, to further strengthen Alfa Laval’s position in connected services, such as condition monitoring. The signing and closing date was December 31, 2020.

AMI Global is a portfolio company…

LUND, Sweden, Jan. 14, 2021 /PRNewswire/ — Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired a 20 percent stake in AMI Global, specialized in end-to-end industrial Internet of Things’ (IoT) solutions for rotating equipment, to further strengthen Alfa Laval’s position in connected services, such as condition monitoring. The signing and closing date was December 31, 2020.

AMI Global is a portfolio company of Cimbria Capital, which is a private equity firm based in the United States and Scandinavia. The 20 percent stake will enable Alfa Laval to further strengthen its competence in IoT technologies. It’s part of the company’s digital transformation and its ambitions to supply remote monitoring of products and solutions. The ability to digitize a wide range of industrial equipment will provide meaningful data and create value for the company’s customers and end-users.

«With this investment we enhance our capabilities within remote monitoring and connected services. We know that 24/7 access to process information provides users with powerful insights for decision making. At the same time, continuous monitoring enables predictive maintenance which minimize downtime giving peace-of-mind for our customers,» says Nish Patel, President of the Food & Water Division at Alfa Laval.

«We consider Alfa Laval to be an ideal business partner for the next chapter of AMI due to a strong commercial and cultural fit between the two companies,» states Henrik Skov Laursen, CEO of AMI Global. «Alfa Laval’s investment in AMI shows the importance of digital transformation and proves Alfa Laval’s commitment in first-rate technology innovation.»

Did you know that… Internet of Things is one of the cornerstones of Industry 4.0, the fourth industrial revolution, where the first three revolutions being the introduction of steam, electricity and electronics?

This is Alfa Laval 

Alfa Laval is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress – always going the extra mile to support customers in achieving their business goals and sustainability targets.

Alfa Laval’s innovative technologies are dedicated to purifying, refining, and reusing materials, promoting more responsible use of natural resources. They contribute to improved energy efficiency and heat recovery, better water treatment, and reduced emissions. Thereby, Alfa Laval is not only accelerating success for its customers, but also for people and the planet. Making the world better, every day. It’s all about Advancing better™.

Alfa Laval has 17,500 employees. Annual sales in 2019 were SEK 46.5 billion (approx. EUR 4.4 billion). The company is listed on Nasdaq OMX.

www.alfalaval.com

For more information please contact:
Johan Lundin
Head of Investor Relations
Alfa Laval
Tel: +46 46 36 65 10
Mobile: +46 730 46 30 90

Eva Schiller
PR Manager
Alfa Laval
Tel: + 46 46 36 71 01
Mobile: +46 709 38 71 01

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SOURCE Alfa Laval

Chindata Group releases 2030 carbon neutral roadmap

BEIJING, Jan. 14, 2021 /PRNewswire/ — In December 2020, Chindata Group(Nasdaq: CD) unveiled its roadmap to be carbon neutral for all its next-generation hyperscale data centers in China with its 100% renewable energy solution by 2030, 30 years sooner than China’s 2060 carbon neutral pledge.

With this big moonshot, Chindata Group commits to investing in clean energy with an installed capacity of no…

BEIJING, Jan. 14, 2021 /PRNewswire/ — In December 2020, Chindata Group(Nasdaq: CD) unveiled its roadmap to be carbon neutral for all its next-generation hyperscale data centers in China with its 100% renewable energy solution by 2030, 30 years sooner than China’s 2060 carbon neutral pledge.

With this big moonshot, Chindata Group commits to investing in clean energy with an installed capacity of no less than 2GW by 2030. Recently, the company has already signed renewable energy contracts with local governments, such as Datong and Zhangjiakou of China, totaling 1300 MW of installed capacity.

As digital transformation has accelerated, there is a growing demand for carrier-neutral hyperscale data infrastructure. That means it requires a huge energy supply in a focusing area. If the data center provider could find green solutions to this data infrastructure, it will help tech companies and their users across the world to realize carbon neutrality as soon as possible. Thus, as the first-of-its-kind company in China to launch the 2030 carbon neutrality roadmap, Chindata Group is willing to work together with partners to progress toward a sustainable future.

While catering to clients’ computing power needs, Chindata Group adopts a unique site selection strategy, putting energy as a key factor. Generally speaking, most of its hyperscale data centers are located in a region with rich wind and solar resources, making it possible to fully absorb local surplus wind and solar energy. In 2019 alone, Chindata Group has achieved a portfolio renewable energy mix of 37%.

The second solution is to use as little energy as possible. Thanks to advances in green technology in green building, IT equipment, and cooling system, in 2019, data centers of Chindata Group in service has achieved average annual PUE of 1.21, approximately 27.5% lower than the global industry an average annual PUE of 1.67 for a data center with capacity of 20 MW or more during the same period, according to Uptime Institute, an equivalent of 173,087 tons of carbon dioxide emissions reduction.

Moreover, climate change is one of the most urgent challenges facing the world today. It is more important than ever to go beyond clean energy procurement and energy efficiency improvement as usual. As a responsible corporate citizen, Chindata Group keeps testing new model to realize the perfect synergy of renewable energy and data centers by finding ways in collaboration with its partners to add new renewable energy to grids around China.

With its efforts, Chindata Group has received a number of awards by third-party organizations, including the Data Center Green Classification (Operational) AAAAA (the highest level), China National Green Data Center, Top 1 in renewable performance among China’s leading technology companies, Excellence Prize of Chinese Corporate Citizen for Low Carbon Contribution and Best Environment Case for Chinese Companies ESG Performance.

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SOURCE Chindata Group

AFC Energy Announces Strategic Collaboration with Global Engineering Consultancy Ricardo to Develop Global Applications for Hydrogen Power Generation

LONDON, Jan. 14, 2021 /PRNewswire/ — Today AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces the signing of the Company’s first strategic engineering collaboration agreement with Ricardo, a global leader in the creation of innovative engineering and design solutions with strong credentials across the…

LONDON, Jan. 14, 2021 /PRNewswire/ — Today AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces the signing of the Company’s first strategic engineering collaboration agreement with Ricardo, a global leader in the creation of innovative engineering and design solutions with strong credentials across the transportation and energy sectors.

The agreement will focus on the joint creation of hydrogen fuel cell products and service offerings, with an initial focus on three key areas: marine, rail and stationary power generation.  The collaboration will develop products and services that will directly support global efforts to decarbonise transport, energy and critical national infrastructure.  

The collaboration will create opportunities for AFC Energy to grow the number of products that utilise the company’s fuel cell and validate its technical and commercial viability in the growing global market for hydrogen fuelled power and propulsion systems.

Both parties will consider the benefits achieved through the use of low cost, readily available, and high energy dense green ammonia fuel (rather than hydrogen gas) as a fuel of choice in off-grid or remote power needs, including international shipping and distributed power generation. 

Adam Bond, Chief Executive of AFC Energy plc, said:

«The role for AFC Energy’s alkaline fuel cell in supporting the decarbonisation of e-mobility and off-grid power systems through the use of zero emission fuels such as green ammonia is becoming ever clearer and relevant. 

«We are delighted to be collaborating with one of the world’s leading engineering houses in Ricardo to fully explore new and innovative ways in which our alkaline fuel cell system can be deployed across a range of industries where traditional reliance on combustion of fossil fuels is no longer seen as a viable or acceptable means of remote power generation.  We look forward to furthering our collaboration with Ricardo in our key markets of focus, with each providing enormous opportunities in their own right.»

Mike Bell, Group Strategy and Transformation Director at Ricardo plc, added:

«Ricardo has a world leading pedigree in the energy transition towards sustainable and green power, working with many of the world’s leading Original Equipment Manufacturers and industrial partners in pursuit of engineering solutions that support Net Zero aspirations.  We also recognise AFC Energy’s specialist expertise in alkaline fuel cell technology, which has highlighted the potential for low cost, high efficiency alkaline systems in off-grid and remote power environments.

«We are very pleased to be collaborating with AFC Energy is exploring new opportunities for fuel cell deployment across sectors such as marine and rail where the alkaline technology has the potential to play a key role decarbonisation and sustainability.» 

Following several months of engagement, the two companies have already jointly submitted proposals to Ricardo clients, addressing particular client needs pertinent to grid instability and the need for zero emission alternative power. Further opportunities will be identified in 2021 for joint collaboration across key markets. 

About AFC Energy plc
AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now deployable in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.

Afcenergy.com

About Ricardo plc
Ricardo plc is a global strategic engineering and environmental consultancy that specialises in the transport, energy and scarce resources sectors.  Ricardo’s work extends across a range of market sectors – including passenger cars, commercial vehicles, rail, defence, motorsport, energy and environment – with a client list that includes transport operators, manufacturers, energy companies, financial institutions and government agencies.  In addition to technical consultancy services, Ricardo has in-house engineering capabilities that enable the Company to design and deliver high-quality prototypes and low-volume manufacturing of complex products and assemblies, including engines, transmissions, electric motors and generators, battery packs and fuel cell systems.

Ricardo.com

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SOURCE AFC Energy