Day: 2 March 2023

NEC Group announces support for Alzheimer’s Research UK

Stuart Mitchell

The NEC Group has announced that its fundraising efforts for 2023 will be for Alzheimer’s Research UK, the UK’s leading dementia research charity. The Group – which operates a host of first-class live event venues in Birmingham – will be organising a range of fundraising activities throughout the year. Alzheimer’s Research UK is dedicated to bringing about life-changing treatments, and ultimately a cure for people affected by dementia. The Group will join the charity on its vision for a world free from the heartbreak of dementia, helping to achieve this…

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Spending power falls in every UK region

Stuart Mitchell

The latest figures from Asda’s Income Tracker reveal that household disposable incomes fell in every UK region during Q4 2022, compared with the same period a year earlier, showing that no areas of the country are immune from the cost of living crisis. Across the UK as a whole, the amount households had to spend on themselves, after paying taxes and essential bills, fell by 11.4% during the fourth quarter to an average of £209 per week, compared to £236 per week in Q4 2021. The decline in disposable incomes…

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Mondi’s science-based Net-Zero targets for greenhouse gas emissions reduction validated by SBTi

Stuart Mitchell

Mondi, a leading global packaging and paper solutions provider, confirms that the Science Based Targets initiative (SBTi) has assessed and approved its science-based Net-Zero targets. The targets covering greenhouse gas (GHG) emissions from Mondi’s operations and supply chain (Scopes 1, 2 and 3) are consistent with a reduction required to keep global warming to 1.5oC, needed to prevent the most damaging effects of climate change according to the latest climate science. Mondi announced its commitment to Net-Zero GHG emissions reduction in January 2022 and is among the first companies in…

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BNP Paribas makes pivot towards financing low-carbon energy production

Stuart Mitchell

BNP Paribas has already made a major pivot towards financing low-carbon energy production. Building on expertise developed by its Low-Carbon Transition Group, BNP Paribas is embarking on a new phase designed to rapidly accelerate the transition to a low carbon economy. This new phase is set to last until 2030, by which time BNP Paribas will have completed transitioning over 80% of its energy production financing activities to the production of low-carbon energies. BNP Paribas has already made a major pivot towards financing low-carbon energy production. BNP Paribas’ outstanding loans…

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Pinsent Masons advises on Umicore’s € 591 million sustainability linked note fundraising

Stuart Mitchell

Multinational law firm Pinsent Masons has advised various institutional investors in relation to Umicore’s € 591 million sustainability linked note fundraising. Umicore is a leading circular materials technology company with an extensive expertise in the fields of material science, chemistry and metallurgy.  The fundraising relates to the private placing of notes with more than 15 institutional investors. The deal further ties the group’s funding to its sustainability performance. The coupon of the notes will be directly linked to Umicore’s progress towards the carbon neutrality goals formulated in its ‘Let’s go for Zero’…

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