Tag: PR Newswire

CANONSBURG, Pa., May 22, 2025 /PRNewswire/ — Aquatech has been voted Water Technology Company of the Year at the 2025 Global Water Awards.

This award was presented on May 13th 2025 during the Global Water Summit in Paris, and recognizes the company that has done the most to advance technology and innovation in water during 2024.

Aquatech’s standout achievements in water technology spanned every major water technology group, bringing new solutions to the mainstream across biological, thermal, membrane, ultrapure and electrochemical water treatment. The company’s QUA membrane subsidiary also introduced new modular ultrafiltration units, frameless MBR technology, and enhanced electrodeionization systems for high-purity applications.

“We are honoured to be recognised as a leader in technology excellence in the water industry,” said Ravi Chidambaran, CTO at Aquatech. “This award is the culmination of decades of focus on R&D, and speaks to the longstanding dedication of our team to delivering the best technologies for our customers.”

Aquatech’s R&D is a global effort that encompasses multiple facilities with full-scale piloting and lab testing capabilities, a network of customer collaborations and on-site pilots, and operator innovation enabled by the company’s portfolio of long O&M contracts.

Aquatech’s commitment to technology is also expressed through close collaboration with its customers to to co-develop solutions and delivery methods, from the water island model pioneered at scale for Stegra’s green steel facility in Sweden, to rapid-deployment modular mine water treatment in the USA.

Commenting on the way forward for Aquatech, Chidambaran emphasised that Aquatech’s pace of innovation is only set to accelerate, “We have many more exciting and breakthrough products in our R&D pipeline, and are always looking for ways to deliver water better, faster, and more efficiently.”

About Aquatech

Aquatech enables the world’s most recognized companies to solve complex challenges in water reuse, desalination, minimal and zero liquid discharge, and critical minerals processing. We leverage technological leadership and innovative engineering to accelerate global progress toward solving water scarcity and ensuring critical minerals security.

Our research and development spans membrane manufacturing, performance chemicals, digital service solutions, lithium refining, and all major water & wastewater treatment technology areas. The depth and breadth of Aquatech’s services, technology portfolio and project execution capabilities are grounded in a culture of performance excellence built up over four decades of industry experience, with thousands of facilities using our solutions in over 60 countries.

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SOURCE Aquatech

With technology, funding, and expertise, Autodesk backs community-led efforts to cut rebuilding costs, speed wildfire recovery, and scale climate-resilient housing across Los Angeles.

SAN FRANCISCO, May 22, 2025 /PRNewswire/ — Today, Autodesk, Inc. (NASDAQ: ADSK) announced new funding, technology, and support to accelerate rebuilding efforts in wildfire-affected areas of Los Angeles, following this January’s devastating fires across the region.

1. Autodesk is partnering with The Foothill Catalog Foundation (TFCF), a nonprofit organization and network of volunteers creating a first-of-its-kind catalog of modular, pre-approved home designs for survivors of fires in the Los Angeles region. The plans provided through TFCF are expected to reduce architectural and permitting costs for survivors—which can often exceed tens of thousands of dollars—by up to 95%. The plans will also help cut permitting timelines—which can take up to a year—down to a matter of weeks.
2. Autodesk is also funding an AI-powered software tool to supercharge the approval of building permits and speed recovery from the LA Fires, in partnership with Governor Gavin Newsom, LA Rises and other companies.

“Our technology powers the industries that are rebuilding Los Angeles — from planning, architecture, engineering, and manufacturing to construction,” said Andrew Anagnost, President and CEO, Autodesk. “This is about designing and building for resilience—not just to recover from disaster, but to efficiently scale solutions, inspire recovery models everywhere and futureproof our communities.”

A scalable blueprint for wildfire recovery
With Autodesk’s support, TFCF is enlisting hundreds of volunteer architects, engineers, and students to create home designs tailored to neighborhoods like Altadena. The plans will meet stringent climate resilience standards, including resistance to extreme heat, wildfire, and power outages, while preserving the region’s unique architectural character.

TFCF is also developing a standardized Revit template to ensure each design meets pre-approval and sustainability requirements from the outset. Architects contributing to the catalog will use tools including BIM Collaborate Pro, as well as tools from the Autodesk AEC Collection, such as Autodesk Forma, to streamline collaboration, provide AI-powered analyses and help deliver more resilient homes to families faster.

“This partnership is helping turn our vision into reality at a time when families can’t afford to wait,” said Alex Athenson, co-founder of The Foothill Catalog Foundation. “With Autodesk’s established role as a Design and Make leader and their invaluable resources, we’re making sustainable, regionally sensitive home designs more accessible—and creating a pathway for faster, more resilient recovery for communities that need it most.”

With a focus on design for long-term resilience and sustainability, Autodesk is deepening its commitment to helping communities recover. The company’s Design and Make platform is used by AEC industry teams worldwide to reduce waste and lower environmental impacts. These community-centered donations offer real-time solutions to urgent system challenges for those impacted by the fires.

About Autodesk: The world’s designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk’s Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything

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SOURCE Autodesk, Inc.

The Company’s innovative technology and management support a world where nature thrives and harmony endures.

SHANGHAI, May 22, 2025 /PRNewswire/ — Shanghai Electric (SEHK:2727, SSE:601727) marked International Day for Biological Diversity 2025 on May 22, themed Harmony With Nature and Sustainable Development, by sharing its practice to integrate ecological protection throughout the entire engineering cycle. From the deserts of Dubai to Romania’s forests, and from Malaysia’s Selangor coast to Turkey’s Yumurtalik district, the Company has contributed its expertise to global biodiversity conservation through community collaboration, technological innovation, and international cooperation. The projects underscores the Company’s leadership in environmental, social, and governance practices, which the report of 2024 has been released by passed April.

Shanghai Electric, as a leading energy equipment manufacturer and green engineering provider, incorporates biodiversity protection into the top-level design of its global projects. The Company evaluates local sensitive species, and takes proactive measures to reduce environmental impact during projects. It promotes ecological balance and biodiversity protection in operating and project areas and regularly evaluates the effectiveness of these efforts.

Shanghai Electric promotes biodiversity protection in Dubai‘s deserts and Romania’s forests

Shanghai Electric’s Dubai Solar Thermal Project established a biodiversity protection system before construction, identifying sensitive species habitats and limiting operations with fences and paths. Cleanup efforts raised employee awareness of local ecosystems, culminating in a 2024 joint desert cleanup with municipal officials. In Romania, the Skurtu photovoltaic project was designed to protect local forests by routing cables connecting the north and south blocks around a small forest and excavating roads to avoid farmland. Located in Teleorman County, the 56.03MWp project will supply green power to about 48,000 homes and reduce annual carbon emissions by 4,150 tons, demonstrating Shanghai Electric’s commitment to environmental protection across diverse global projects.

Innovative technology empowers ecological restoration

The Shanghai Electric-built Hunutlu Thermal Power Plant in Turkey is located in a biodiversity hotspot, home to reptiles and invertebrates listed on the IUCN Red List of Threatened Species. The plant employs ultra-low emissions technology that cuts dust, sulfur, and nitrogen, and ensures zero discharge of desulfurization wastewater, protecting Black Sea coastal waters. Its advanced system treats and recycles wastewater for uses such as agricultural irrigation. During construction, Shanghai Electric and project partners implemented turtle protection measures, including forming a volunteer team to clear beach debris and remove obstacles for nesting. To further safeguard sea turtles, the plant limits construction noise and restricts nighttime lighting toward the sea, minimizing environmental disruption and highlighting a strong commitment to biodiversity and ecological responsibility.

Community collaboration in Malaysia raises biodiversity protection awareness

In October 2024, Shanghai Electric’s Malaysia Selangor Regenerated Energy Power Station Project Department joined a beach cleanup led by Malaysia’s Department of Environment to raise awareness of environmental protection and reduce coastal pollution. The initiative aimed to protect marine biodiversity around Selangor. In addition to participating in cleanup efforts, the team promoted Shanghai Electric’s environmental and occupational health policies, emphasizing green, smart energy, and ecological sustainability. The project department also highlighted efforts to manage environmental safety risks. Its contributions earned multiple environmental protection certificates from Selangor, with local authorities recognizing its commitment to sustainability and responsible development in the region.

Shanghai Electric is continuing to promote biodiversity in 2025 having launched several successful campaigns in 2024, emphasizing harmony between industrial development and ecological protection. The Company plans to leverage its strengths in clean technology and green manufacturing to advance “Harmony with nature and sustainable development.”

For more information on Shanghai Electric’s ESG practices, please visit its official website or view its 2024 ESG report.

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SOURCE Shanghai Electric

12 leading innovators in Alaska, California, Georgia, Illinois, Kentucky, New Jersey, New York, Oklahoma, Pennsylvania, West Virginia, and Wyoming to advance Food is Medicine solutions, drive economic investment, and increase efficiencies for greater prosperity and wellbeing for communities across the United States.

NEW YORK, May 22, 2025 /PRNewswire/ — The Rockefeller Foundation announced its first class of Big Bets Fellows focused on driving transformation for their communities across the United States—from Appalachia and the Midwest to the East and West Coasts. Over the course of the four-month fellowship, The Rockefeller Foundation will offer these 12 U.S. Big Bets Fellows—who are working in Alaska, California, Georgia, Illinois, Kentucky, New Jersey, New York, Oklahoma, Pennsylvania, West Virginia, and Wyoming—programming, networking, and professional development opportunities so they can better implement and scale their bold solutions for greater economic growth and healthier, more resilient food systems to help American communities thrive.

“Our U.S. Big Bets Fellows represent the very best of America,” said Dr. Rajiv J. Shah, President of The Rockefeller Foundation. “In a time of growing division, these twelve leaders are using their tenacity, innovation, and optimism to bring us closer to one another and to get all Americans, especially those so often left behind, closer to the American Dream. As we have since our founding, The Rockefeller Foundation is proud to support American big bettors, and we are excited for all this latest group will accomplish.”

Communities across the United States face barriers to opportunity and wellbeing, with 60 percent of American households struggling to afford a quality of life that includes not just food and shelter, but also education, healthcare, and the chance for upward mobility. Harnessing American ingenuity to address the challenges their communities face, the 2025 U.S. Big Bets Fellows are working on bold, locally driven solutions:

• Alaska – Gretchen Fauske: Empower survivors of domestic and sexual violence to achieve financial independence and break cycles of insecurity, offering financial education, business grants, and access to safe banking options.
• California – Marina Zhavoronkova: Expand access to high-quality, federally funded construction job opportunities for communities across the United States, including for Veterans, women, and others, through workforce and educational programming.
• California – Rey Faustino: Leverage cutting-edge technology, including artificial intelligence, and work with government agencies to streamline how low-income families access critical government services, healthcare providers, and nonprofits.
• Georgia – Tiffany Terrell: Bring nutritious, locally grown food directly to vulnerable communities via a mobile grocery initiative, improving overall physical health and wellness, reducing food insecurity, and supporting local agriculture.
• Illinois – Dion Dawson: Reduce food, nutrition, and economic insecurity by logistically connecting the food system and employing local talent to deliver nutritious, locally grown fruits and vegetables to Chicago communities that need it most.
• Kentucky – Colby Hall: Expand access to meaningful employment in Eastern Kentucky by harnessing technology and entrepreneurship to reduce systemic barriers to workforce entry, such as reliable childcare and transportation.
• New Jersey – Catherine Wilson: Provide opportunities for low-to-moderate income residents to invest in community developed housing, generating financial returns for residents and creating a cooperative economy.
• New York – Melissa Bukuru: Enhance low-income workers’ wellbeing and financial security by working with employers to increase employees’ access to financial coaching, employee savings accounts, and other wealth-building tools.
• Oklahoma – Jennifer Hankins: Invest in Tulsa’s innovative future, supporting the city’s entrepreneurs, workforce, and infrastructure through workforce training, attracting and developing new businesses, and supporting industry needs such as the energy transition, building from Tulsa’s strengths as a former oil capital of the world.
• Pennsylvania – Alexandre Imbot: Reinvent convenience stores as retail food pharmacies, making nutritious, fresh food more affordable and available, reducing future healthcare costs and supporting communities often characterized as “food deserts.”
• West Virginia – Jacob Hannah: Revitalize rural Appalachian communities by leveraging local talent to transform dilapidated property into attractive investments for businesses, which then generate additional job opportunity and future prosperity.
• Wyoming – Paul Huberty: Strengthen Indigenous economies by disrupting status quos to increase access to capital, training, and technical and other assistance to support investments that create jobs, increase wages, and foster small business development in Wind River.

Since 1913, The Rockefeller Foundation has worked with partners across political, sector, state, and community lines to deliver results for people in the United States. Over that history, The Rockefeller Foundation has made investments in public health, scientific research, economic opportunity, and more. Since 2005 alone, The Rockefeller Foundation has invested nearly $3 billion in the United States, across every state in the nation, to advance Food is Medicine initiatives, tax policies that work better for American workers and their families, and efforts to expand economic opportunities for all.

The Big Bets Fellowship began in 2024, with 16 fellows who are developing scalable solutions to improve lives in Latin America and the Caribbean. During the course of their fellowship, these leaders sharpened their theories of change, developed skills to build and navigate unlikely partnerships, and crafted compelling stories to mobilize resources and support. For example, 2024 Fellow Marcela Angel reflected on her organization’s theory of change, which was using technical solutions to predict landslides, and expanded it encompass other natural events. She is now spinning off a research center from MIT to scale the solution. Valmir Ortega was inspired by a fellow class member to expand his organization’s model to new markets and Carlos Mango refined his impact measurement approach to support diversified funding engagements.

About The Rockefeller Foundation

The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the wellbeing of humanity. Today, we are focused on advancing human opportunity and reversing the climate crisis by transforming systems in food, health, energy, and finance. For more information, sign up for our newsletter at www.rockefellerfoundation.org/subscribe and follow us on X @RockefellerFdn and LinkedIn @the-rockefeller-foundation.

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SOURCE The Rockefeller Foundation

Datamaran’s new report analyzes 11,000+ Impact, Risk, and Opportunity (IRO) statements to reveal how companies are tackling CSRD compliance and sustainability-related priorities 

NEW YORK and LONDON, May 22, 2025 /PRNewswire/ — Today, Datamaran, the global leader in AI-powered risk and governance software, released its latest research report, “CSRD Reports Uncovered: Insights from a Detailed Analysis of 11,000+ IROs from 300+ Companies.” This first‑of‑its‑kind study offers a comprehensive view of how companies across Europe are approaching the Corporate Sustainability Reporting Directive (CSRD), with a deep dive into the topics disclosed and how Impacts, Risks, and Opportunities (IROs) were contextualized and presented.

The findings shed light on emerging trends in materiality assessments, how companies are interpreting disclosure requirements, and which topics are driving boardroom agendas. Drawing from Datamaran’s proprietary data and expert review, the report surfaces key patterns and gaps to help corporate leaders and practitioners benchmark practices, identify blind spots, and prepare for what’s ahead.

In addition to macro trends, the report offers sector-specific insights on how companies across 11 sectors are interpreting double materiality. It reveals key maturity signals – including whether companies are applying time horizons, disclosing value chain impacts, and distinguishing between actual and potential effects.

Key findings include:

• Negative impacts outnumber opportunities nearly 3 to 1, with 37% of all IROs classified as negative impacts and just 13% as opportunities. This suggests companies are taking a cautious approach and are aligning with the principle of prudence.
• Climate Change (E1), Own Workforce (S1) and Business Conduct (G1) were reported by 99%, 98% and 92% of companies respectively, whereas Affected Communities (S3), Water (E3), and Biodiversity (E4) appeared in just 36%, 37% and 44% of reports.
• CSRD statements average 103 pages, virtually unchanged from the pre-CSRD average of 102, yet companies disclosed anywhere from 6 to 130 IROs (most between 25 – 45), highlighting wide variability in materiality thresholds.
• Companies identified an average of 6 out of the 10 ESRS standards as material, reflecting the broad application of the double materiality lens. Notably, only 14% of companies included any entity‑specific IROs.

“As the CSRD sets a new standard for transparency and accountability, our analysis shows that most companies are still building the muscle for continuous, data‑driven management,” said Marjella Lecourt‑Alma, CEO and co‑founder of Datamaran. “This report gives corporate leaders a valuable benchmark as they work to evolve from compliance to competitive advantage.”

The analysis draws on sustainability reports from 304 companies across 21 countries and 57 industries, published between January and April 2025.

Click here to download the full report.

Contact: Helen Skeen, Senior PR and Content Manager: helen.skeen@datamaran.com.

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SOURCE Datamaran Limited

• Hyundai Motor Group participates in the World Hydrogen Summit 2025, reinforcing its commitment to hydrogen innovation and global collaboration
• Hyundai Motor Group Vice Chair Jaehoon Chang joins high-level Ministerial-CEO Roundtable as Co-Chair of the Hydrogen Council
• The Group presents its hydrogen value chain and port decarbonization roadmap, advancing the HTWO brand as an open platform for European partnerships
• The Roundtable was organized in collaboration with the International Hydrogen Trade Forum, Hydrogen Council, and United Nations Industrial Development Organization

ROTTERDAM and SEOUL, South Korea, May 22, 2025 /PRNewswire/ — Hyundai Motor Group (the Group) is showcasing its position as a global leader in hydrogen at the World Hydrogen Summit 2025 in Rotterdam, Netherlands, May 20-22. The Group is taking part in both the exhibition and high-level Roundtable to share its latest hydrogen initiatives and drive industry dialogue.

At the Summit’s Korean Pavilion – organized in collaboration with H2KOREA, a coalition of hydrogen industry stakeholders – the Group is highlighting the global advancement of hydrogen technology, including its hydrogen value chain business under its dedicated HTWO hydrogen brand, with a focus on port decarbonization that aligns with the Port of Rotterdam’s sustainability goals.

Demonstrating its hydrogen leadership, the Group is also presenting its commercial vehicle fuel cell technologies. The exhibit’s centerpiece is a diorama of a hydrogen-powered society, underscoring the transformative potential of hydrogen energy and the collaborative ecosystem being built through HTWO.

“Hyundai Motor Group is committed to its longstanding vision of developing and expanding the hydrogen value chain and driving the transition to a decarbonized future,” said Jaehoon Chang, Vice Chair, Hyundai Motor Group. “Building a hydrogen ecosystem requires strong partnerships between governments and industry. We will work with global partners and harness our full capabilities across the hydrogen value chain to accelerate the adoption of a hydrogen-powered society.”

He also highlighted that, “As the industry reaches a pivotal moment in its transition to a hydrogen society, scaling up the hydrogen value chain is essential. We must drive this expansion through standardization to propel the entire hydrogen sector forward.”

World Hydrogen Summit 2025

As Co-Chair of the Hydrogen Council, Hyundai Motor Group Vice Chair Jaehoon Chang spoke at the Summit, participating in the Ministerial-CEO Roundtable. This focused on aligning public and private efforts to accelerate the development of a reliable and inclusive global hydrogen industry, outlining three strategic joint actions:

• Implementing national financial incentives
• Boosting economic and industrial benefits
• Strengthening global trade partnerships and supply chains to drive global hydrogen demand

The Roundtable was co-hosted by the governments of the Netherlands and Brazil, serving as co-chairs of the International Hydrogen Trade Forum (IHTF), in collaboration with the United Nations Industrial Development Organization (UNIDO) and the Hydrogen Council. Vice Chair Chang led the industry delegation.

About Hyundai Motor Group

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom

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SOURCE Hyundai Motor Group

BEIJING, May 21, 2025 /PRNewswire/ — HyperStrong, a global leader in energy storage solutions, has launched MagicBlock at the smarter E Europe 2025 that just concluded in Munich, Germany. MagicBlock, a groundbreaking utility-scale energy storage system (ESS) platform, introduces the innovative HyperBlock M, a client-centric ESS product. Instead of pursuing ever-larger battery capacities, HyperStrong prioritizes understanding and meeting the long-term needs of global customers, delivering tailored solutions that enhance safety, efficiency, and scalability.

MagicBlock reimagines ESS design, deployment, and management with its highly modular architecture. “Through extensive research and consultation across Europe, the Middle East, Africa, North America, and Asia-Pacific, we gathered critical customer feedback,” said Matthew Yang, HyperStrong’s Senior Product Manager for Overseas Utility-Scale Storage. “Clients demand higher ROI, enhanced safety, greater efficiency and flexible scalability. HyperBlock M delivers precisely that.”

Unlike conventional systems tied to specific cells or PCS, HyperBlock M offers a versatile framework configurable for renewable energy integration, frequency regulation, peak shaving or standalone ESS applications. Its compact 10-foot container design—deviating from the industry-standard 20-foot unit—improves transportability and simplifies deployment in logistically challenged regions. In areas with constrained infrastructure, oversized containers often lead to delays and require extra permits. HyperBlock M’s streamlined design enables faster and more cost-efficient installation.

HyperBlock M emphasizes user-friendly innovation, featuring front-facing airflow, a top-mounted thermal management system, and an intuitive maintenance interface. This enables side-by-side or back-to-back installation, optimizing land use efficiency. The platform offers both DC-only solutions for EPC integration and turnkey AC-integrated units with customizable internal or external transformers, delivering tailored, high-efficiency solutions for diverse energy needs.

The platform integrates a cutting-edge 400kW PCS and a real-time performance monitoring system, enabling efficient power conversion and precise tracking of key metrics such as discharge capacity, round-trip efficiency, and battery state-of-health (SoH). At HyperStrong, we understand that clients seek more than plug-and-play convenience—they require enduring and reliable performance. Our intelligent balancing algorithms and advanced thermal management technology optimize cell balancing and prevent thermal runaway, ensuring consistent performance that meets client expectations.

Additionally, HyperStrong sets a new O&M standard with an AI-driven approach. Each HyperBlock M unit can be connected to a web dashboard or mobile app, enabling remote monitoring, real-time alerts, and predictive maintenance. The HyperGenie AI assistant, trained on more than 200 global case studies and more than 50 expert models, provides multilingual, voice-guided support for maintenance tasks, empowering even novice technicians.

Hardware innovations include a semi-automated battery module replacement system, enabling one-hour swaps of modules weighing over one ton, replacing risky manual methods. From intuitive maintenance layouts to early fault detection, HyperBlock M streamlines installation, maintenance, and long-term service.

“HyperBlock M isn’t just a product—it’s a platform built around people, places, and performance,” Yang said. “Our customers plan decades ahead, and HyperBlock M offers the flexibility, visibility, and reliability they need to scale confidently.”

With its modular and intelligent design, HyperBlock M positions HyperStrong as a pioneer in the global ESS market, delivering smarter, more sustainable solutions for the energy transition.

 

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SOURCE Beijing HyperStrong Technology Co., Ltd.

Associates Educate 8,900 Students during the 2025 program

MEMPHIS, Tenn., May 21, 2025 /PRNewswire/ — First Horizon Corporation (NYSE: FHN) is pleased to announced it served a record number of students through the American Bankers Association Foundation’s Teach Children to Save program, equipping 8,900 children with hands-on financial education to build lifelong money management skills. As part of the nationwide initiative, associates taught lessons at schools and youth organizations throughout the company’s footprint, teaching concepts such as saving, budgeting and responsible spending.

“We are incredibly proud of our long-standing 15-year partnership with the American Bankers Association Foundation and its incredible Teach Children to Save program,” said Beth Ardoin, Chief Communications Officer for First Horizon. “With 100 percent market participation, 440 of our associates helped bridge a crucial knowledge gap by teaching essential money skills often left out of the traditional school curriculum. Introducing these concepts early helps young people build confidence, make informed decisions and establish habits that support long-term financial health and success.”

The Teach Children to Save initiative is one of many financial education and literacy programs First Horizon supports to help individuals and families make informed financial decisions.

Learn more about First Horizon’s commitment to community involvement here.

About First Horizon Corp. (NYSE: FHN), with $81.5 billion in assets as of March 31, 2025, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

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SOURCE First Horizon Corporation

STORA ENSO OYJ INSIDE INFORMATION 21 May 2025 at 22:45 EEST

HELSINKI, May 21, 2025 /PRNewswire/ — Stora Enso has entered into an agreement to divest approximately 175,000 hectares of forest land, equivalent to 12.4% of its total forest land holdings in Sweden for an enterprise value of EUR 900 million, equivalent to SEK 9.8 billion.

Soya Group, will hold a 40.6% share in the newly formed company, and a MEAG led consortium will hold 44.4% of the shares. MEAG is the asset manager of Munich Re, a German insurance company. Stora Enso will retain a 15% ownership in the company.

In connection with the transaction, Stora Enso and the divested entity will enter into a 15-year wood supply agreement with a possible additional 15-year extension. This will secure wood availability for Stora Enso’s Swedish business units. The new entity will also benefit from a forest management agreement under which Stora Enso will provide forest-related services. Due to the disposal, the Group’s adjusted EBITDA is expected to decrease by approximately EUR 25 million per year, of which EUR 15 million is cash-related, based on full-year 2024 numbers.

The enterprise value of EUR 900 million is in line with the accounting fair value of the divested forest assets. The proceeds from the divestment are expected to reduce Stora Enso’s net debt by EUR 790 million.

 “We remain committed to building a stronger Stora Enso. This transaction further strengthens our financial stability. By strategically monetising a portion of our forest assets while retaining full access to wood supply, we are taking a proactive step to reduce our debt. This transaction not only enhances our financial flexibility but also allows us to capitalise on the inherent value of our forest assets. We look forward to building a strong partnership and a successful collaboration with the new owners,” says Stora Enso’s President and CEO Hans Sohlström.

The transaction is subject to clearance by the relevant competition authorities and is expected to be completed during the third quarter of 2025. Stora Enso announced the divestment plan in October 2024.

For further information, please contact: 
Carl Norell
SVP Corporate Communications
tel. +46 72 241 0349 

Investor enquiries:
Jutta Mikkola
VP Investor Relations
tel. +358 50 544 6061

The forest is at the heart of Stora Enso, and we believe that everything made from fossil-based materials today can be made from a tree tomorrow. We are the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. In 2024, Stora Enso had approximately 19,000 employees, and the Group sales were EUR 9 billion. Stora Enso’s shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com

STORA ENSO OYJ

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SOURCE Stora Enso Oyj

ATLANTA, May 21, 2025 /PRNewswire/ — The Atlanta Journal-Constitution (AJC) today announced the next chapter of its Black culture product, UATL, with a new paid tier that will offer members expanded access to events, content and discounts designed to build community and connection.

Launched in September 2024, UATL has built a community membership program and an engaged social media following through distinct journalism, unique perks and exclusive events.

Today, UATL introduced a new “supporting member” program for those who want to connect more deeply with all things Black culture. For $5 a month, supporting members get unlimited access to all articles on UATL.com, early invites to UATL events, the ability to bring a guest to select events and access to exclusive discounts at Scotty ATL, Just Loafn, Seed Atlanta, Trap Museum, Breakfast Boys and more. This adds to UATL’s existing free member benefits: a weekly newsletter, three monthly articles, and select event invitations.

UATL is a key part of the AJC’s plan to transform from a storied daily newspaper into a modern media company. AJC Editor-In-Chief Leroy Chapman Jr. said it’s been exciting to see how Atlanta has welcomed UATL into the fold.

“For the last several months, we have consistently heard from members asking: How can we help this community grow?” he said. “This is a natural next step that will help us deepen our connection to the community and expand our contribution to this culture, which continues to shape the world.”   

Starting today, supporting members can sign up to receive:

• Unlimited access to every article on UATL.com. Enjoy all UATL has to offer from 404ward a signature series that recognizes the people and brands moving Atlanta forward to thought-leading content like “Atlanta: America’s Black Mecca?” a new series exploring the reasons and justifications behind the city’s moniker.
• Early invites to UATL events. Member events are designed to connect you with the culture, including movie nights, suite parties and happy hour connections. They sell out, so getting early access (and a plus-one) is key.
• Perks and discounts that help support local and Black-owned businesses.
• Ticket giveaways to Atlanta’s top sporting events.
• One bonus account with a separate login to share.

Membership Rates

• Supporting Membership is $5 a month or $49 a year
• Special Founding Member Offer is $39 a year for a limited time.
• Get the combined UATL+AJC subscription for $11.99 a month.
• Visit UATL.com to explore available plans

About The Atlanta Journal-Constitution 

The Atlanta Journal-Constitution is the most essential and engaging source of information for metro Atlanta. With approximately 6 million monthly unique visitors to our digital products and platforms and a growing digital subscriber base, the AJC serves one of the most dynamic, diverse and influential cities in America. The Atlanta Journal-Constitution is a subsidiary of Atlanta-based Cox Enterprises Inc. For more information, visit http://www.ajc.com. 

Media Contact
Shumuriel Ratliff
The Atlanta Journal-Constitution
Shumuriel.Ratliff@coxinc.com

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SOURCE The Atlanta Journal-Constitution