Energy giant advances upstream projects, boosts AI capacity and renewables, declares $42.7 billion in dividends despite lower crude prices RIYADH: Saudi Aramco (2222.SE), the world’s largest oil exporter, reported a robust financial performance for the first half of 2025, posting an adjusted net income of $50.9 billion despite lower crude prices and geopolitical headwinds. The…
Tag: sustainability
Bureau Veritas drives growth with strategic acquisitions in cybersecurity, nuclear, and sustainability consulting
PARIS: Bureau Veritas has stepped up its portfolio diversification strategy with three acquisitions designed to strengthen its presence across high-growth technical sectors. The global Testing, Inspection, and Certification (TIC) firm announced agreements to acquire specialized companies in Germany, Denmark, and South Korea, aligning with its LEAP I 28 growth strategy. Bureau Veritas will acquire Denmark’s…
Signify reports Q2 sales of €1.4 billion amid resilient demand for connected lighting
EINDHOVEN: Signify (Euronext: LIGHT), the global leader in lighting solutions, posted second-quarter revenue of €1.418 billion, navigating persistent market headwinds with robust consumer demand and growing sustainability credentials. The company’s comparable sales declined 1.4%, dragged by its Conventional lighting business. Excluding that segment, topline growth reached 0.8%, driven by momentum in the Professional and Consumer…
Hilton Foods sells Foods Connected to Apax Global Impact Fund for £22 million
LONDON: British food business Hilton Food Group said on Tuesday it has agreed to sell a stake in its supplier management platform, Foods Connected, to the Apax Global Impact Fund for £22 million ($28 mln), marking a strategic step to scale the technology-led platform. The Apax Global Impact Fund, advised by private equity firm Apax…
Ecore acquires HTI Recycling to advance circular economy strategy
LANCASTER: Ecore International, a global leader in transforming reclaimed rubber into high-performance, sustainable products, has acquired Lockport, N.Y.-based HTI Recycling, expanding its materials innovation and reinforcing its circularity mission. The transaction includes HTI subsidiaries Edge Rubber Recycling and D&G Heavy Equipment Leasing, uniting two family-run firms with a shared commitment to environmental impact, product quality…
BYD opposes five-year-old used car imports, citing market disruption and environmental risks
BYD, a Chinese automobile importer in Pakistan’s growing new energy vehicle (NEV) market, has opposed the government’s proposal to allow the import of five-year-old used cars. The company argues that this move would disrupt local manufacturers, harm the environment, and increase reliance on costly petroleum imports. At a media briefing in Karachi, BYD Vice President…
Mercury NZ announces leadership changes to drive new three-year goals
WELLINGTON: Mercury NZ Limited’s Chief Executive, Stew Hamilton, has announced significant changes to the company’s Executive Leadership Team to support its new three-year objectives. Mr. Hamilton, who has been in the role for about two months, emphasized the importance of engaging with team members and stakeholders to steer Mercury’s growth. Two existing roles have been…
Microsoft signs record-breaking deal to power AI with renewables
Microsoft has partnered with Brookfield Asset Management in a monumental agreement to support approximately $10 billion worth of new renewable energy initiatives. This deal represents the most significant corporate investment in renewable energy to date, with the goal of meeting the increasing energy requirements of artificial intelligence (AI) technologies and data centers. A New Era…
Bureau Veritas unveils LEAP I 28 strategy; Redefines industry standards with sustainability focus
PARIS: Bureau Veritas, a global leader in Testing, Inspection, and Certification (TIC), has unveiled its ambitious 2028 strategy, aiming to redefine industry standards through customer-centricity and sustainability. The strategy, LEAP I 28, focuses on Portfolio, Performance, and People, with a commitment to CSR. The company targets high single-digit revenue growth, improved operating margins, double-digit shareholder…
BSF and Amelie Pichard to create first lab-grown leather fashion accessories
LONDON: BSF, a biotech company that owns tissue engineering firms 3DBT and Kerato, has signed a memorandum of understanding with Maison Amelie Pichard, a fashion company that uses eco-friendly materials, to develop and sell fashion accessories that incorporate lab-grown leather. This is the first time that real lab-grown leather, which mimics the structure of traditional…
Brazil Leads the Way in Adopting Global Standards for Sustainability and ESG
Brazil is a country that is not only rich in natural resources, but also in its commitment to sustainability and environmental, social and governance (ESG) practices. According to a recent report by Information Services Group (ISG), a leading global technology research and advisory firm, Brazil is demonstrating leadership and innovation in its sustainability and ESG…
Volvo Group invests in Zacua Ventures, a global fund for green construction tech
Volvo Group Venture Capital AB has joined Zacua Ventures Builders Fund I, L.P., a global venture capital fund that supports early-stage technology start-ups in the construction industry. The fund focuses on emerging technologies that can reduce carbon emissions and improve efficiency in the sector. Zacua Ventures was founded in 2022 and operates in North America,…