Latest news with #2024ESGReport
Business Wire
08-05-2025
- Business
- Business Wire
The Power of Purpose: Flowserve Releases 2024 ESG Report
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, has released its 2024 ESG Report highlighting The Power of Purpose. The report shares how Flowserve's operational framework, the Flowserve Business System, is enabling progress in its ESG focus areas of Climate, Culture and Core Responsibility, while working in tandem with its 3D growth strategy to help achieve the enterprise and sustainability goals of its customers. The report also spotlights how Flowserve's purpose comes to life through the power of its product and manufacturing innovations, its people and its global community impact program. The Flowserve Business System is enabling Flowserve's progress in its ESG focus areas of Climate, Culture and Core Responsibility, while working in tandem with its 3D strategy. 'With our decarbonization, diversification and digitization bookings growing in 2024, our 3D growth strategy has proven to be the right approach to deliver results,' said Flowserve President and Chief Executive Officer Scott Rowe. 'As we continue to put the Flowserve Business System into action, we're energized by the opportunity to create long-term, sustainable value for our customers, associates, shareholders and the world at large.' The report is accessible on the company's website at The Power of Purpose. For more information on Flowserve's ESG activities, visit the ESG page on About Flowserve: Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: global supply chain disruptions and the current inflationary environment could adversely affect the efficiency of our manufacturing and increase the cost of providing our products to customers; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers' ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from any restructuring and realignment initiatives, our business could be adversely affected; the substantial dependence of our sales on the success of the energy, chemical, power generation and general industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics and changes to tariffs or trade agreements that could affect customer markets, particularly North African, Latin American, Asian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; the impact of public health emergencies, such as outbreaks of epidemics, pandemics, and contagious diseases, on our business and operations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; potential adverse effects resulting from the implementation of new tariffs and related retaliatory actions and changes to or uncertainties related to tariffs and trade agreements; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Argentina; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; if we are not able to maintain our competitive position by successfully developing and introducing new products and integrate new technologies, including artificial intelligence and machine learning; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the United States, as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Hi Dubai
30-04-2025
- Business
- Hi Dubai
Dubai Investments Drives Inclusive, Low-Carbon Growth in 2024 ESG Report
Dubai Investments, the diversified investment company listed on the Dubai Financial Market, has released its 2024 ESG Report under the theme 'Resilient Futures Advancing Sustainability Through Innovation and Collaboration.' The report highlights measurable progress across clean energy, operational efficiency, workforce development, and community initiatives, with expanded coverage across 12 wholly owned subsidiaries. The 2024 ESG Report affirms Dubai Investments' alignment with international and national standards, including GRI, DFM ESG Indicators, and the UAE's sustainability vision. As the Group looks ahead, its strategy remains rooted in transparency, measurable impact, and long-term resilience, driven by innovation and collaborative action. At the foundation of this progress lies strong corporate governance, which continues to guide our sustainability agenda. With oversight from an experienced and diverse Board of Directors, the Group is embedding ESG principles at every level of decision-making. In 2024, Dubai Investments reinforced its commitment to ethical conduct, risk oversight, and regulatory compliance, ensuring that resilience, transparency, and accountability remain central to the Group's long-term strategy. said Mohammed Saeed Al Raqbani, Head of Sustainability Committee at Dubai Investments Accelerating its transition toward a low-carbon future, Dubai Investments commissioned a 1.2 MW rooftop solar system at the Ritaj community, now supplying nearly 30% of its energy needs through renewables. Emirates Float Glass improved energy efficiency through targeted operational enhancements, while Emirates Extrusion Factory achieved 100% aluminium scrap reuse and implemented eco-efficient coating technologies. Group-wide efforts in water conservation advanced, with subsidiaries expanding reuse and treatment systems to reduce consumption and protect local ecosystems. Human capital development remained a core ESG pillar in 2024. Over 2,700 employees participated in 9,600+ hours of training, spanning leadership, technical, and sustainability topics. Career development reviews achieved 100% coverage, reinforcing a culture of continuous growth. The Group advanced its Emiratisation agenda and also maintained full occupational health and safety coverage with zero fatalities reported. Community engagement also saw momentum through initiatives like the Green Run, school supply campaigns, and fertility awareness drives. Click here to view the full report News Source: MSL Group
Zawya
30-04-2025
- Business
- Zawya
Dubai Investments drives inclusive, low-carbon growth in 2024 ESG Report
Dubai, UAE – Dubai Investments, the diversified investment company listed on the Dubai Financial Market, has released its 2024 ESG Report under the theme 'Resilient Futures – Advancing Sustainability Through Innovation and Collaboration.' The report highlights measurable progress across clean energy, operational efficiency, workforce development, and community initiatives, with expanded coverage across 12 wholly owned subsidiaries. The 2024 ESG Report affirms Dubai Investments' alignment with international and national standards, including GRI, DFM ESG Indicators, and the UAE's sustainability vision. As the Group looks ahead, its strategy remains rooted in transparency, measurable impact, and long-term resilience—driven by innovation and collaborative action. 'At the foundation of this progress lies strong corporate governance, which continues to guide our sustainability agenda,' said Mohammed Saeed Al Raqbani, Head of Sustainability Committee at Dubai Investments. 'With oversight from an experienced and diverse Board of Directors, the Group is embedding ESG principles at every level of decision-making. In 2024, Dubai Investments reinforced its commitment to ethical conduct, risk oversight, and regulatory compliance—ensuring that resilience, transparency, and accountability remain central to the Group's long-term strategy.' Accelerating its transition toward a low-carbon future, Dubai Investments commissioned a 1.2 MW rooftop solar system at the Ritaj community, now supplying nearly 30% of its energy needs through renewables. Emirates Float Glass improved energy efficiency through targeted operational enhancements, while Emirates Extrusion Factory achieved 100% aluminium scrap reuse and implemented eco-efficient coating technologies. Group-wide efforts in water conservation advanced, with subsidiaries expanding reuse and treatment systems to reduce consumption and protect local ecosystems. Human capital development remained a core ESG pillar in 2024. Over 2,700 employees participated in 9,600+ hours of training, spanning leadership, technical, and sustainability topics. Career development reviews achieved 100% coverage, reinforcing a culture of continuous growth. The Group advanced its Emiratisation agenda and also maintained full occupational health and safety coverage with zero fatalities reported. Community engagement also saw momentum through initiatives like the Green Run, school supply campaigns, and fertility awareness drives. To explore the full report, visit: Dubai Investments PJSC Dubai Investments is a publicly listed UAE based multi-asset investment Group, managing a diverse portfolio of businesses, generating sustainable financial returns to its shareholders. Established in 1995, Dubai Investments is one of the leading investments Group in the UAE, initiating new businesses and partnering with dynamic entities, creating strategic investment opportunities across the region. With 15,956 shareholders, a paid-up capital of AED 4.25 billion and total assets worth more than AED 22 billion, the Group applies insight and experience to expand and be a reliable growth driver for businesses within sectors like real estate, manufacturing, healthcare, education, investments and services. The Group's diverse portfolio consists of wholly and partly owned companies and reflects the Company's continued focus on business diversification to drive growth in line with evolving industry trends. Focused on leveraging strengths with an interest in establishing existing and new business opportunities with a long-term, strategic and creative approach and with an emphasis on sustainable returns and capital growth, Dubai Investments collaborates on investment strategies meeting the changing needs of the economy and the societies in which it operates. Complementing the strategic objectives and creating value for stakeholders, the Group pursues growth through mergers and acquisitions and business expansions. To know more visit - .
Associated Press
28-04-2025
- Business
- Associated Press
VNET Publishes 2024 Environmental, Social and Governance Report
BEIJING, April 28, 2025 /PRNewswire/ -- VNET Group, Inc. (NASDAQ: VNET) ('VNET' or the 'Company'), a leading carrier- and cloud-neutral internet data center services provider in China, today announced it has published its 2024 Environmental, Social and Governance Report (the '2024 ESG Report'). This is VNET's fifth ESG report, highlighting the Company's 2024 efforts and achievements in environmental practices, digital empowerment, ethical governance, and social responsibility. 'As an integral element of VNET's long-term strategy for sustainable growth, our 2024 ESG initiatives drove measurable advancements in our pursuit of a greener future,' Josh Sheng Chen, Founder, Executive Chairperson, and interim Chief Executive Officer of VNET. 'Upgrades to our 'SHIELD' (Society, Human, Innovation, Environment, Leadership, Development) sustainability system broadened stakeholder coverage and amplified our impact, reinforcing our position as an industry leader in sustainability. Heading into 2025, we will remain committed to integrating ESG best practices across our business, facilitating the development of China's green, digital economy while creating sustainable value for all stakeholders.' 2024 ESG Report Highlights: To view the full 2024 ESG Report, please visit the Company's Investor Relations website at or access the report directly at About VNET VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises. Safe Harbor Statement This announcement contains forward-looking statements. These forward-looking statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'target,' 'believes,' 'estimates' and similar statements. Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans, contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET's goals and strategies; VNET's liquidity conditions; VNET's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET's services; VNET's expectations regarding keeping and strengthening its relationships with customers; VNET's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET's reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law. Investor Relations Contact: Xinyuan Liu Tel: +86 10 8456 2121 Email: [email protected] View original content: SOURCE VNET Group, Inc.
Associated Press
26-03-2025
- Business
- Associated Press
SPS Commerce Releases 2024 ESG Report, Reinforcing Commitment to Sustainable and Responsible Growth
MINNEAPOLIS, March 26, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced the release of its 2024 Environmental, Social, and Governance (ESG) Report, outlining the company's ongoing commitment to sustainability, ethical business practices, and social responsibility. This inaugural report highlights the company's key advancements in governance, employee experience, community engagement, and environmental stewardship. 'At SPS Commerce, connectedness is at the core of everything we do, from enabling seamless supply chain collaboration to fostering an inclusive workplace and investing in the communities we serve,' said Chad Collins, CEO of SPS Commerce. 'Our 2024 ESG Report reflects the meaningful progress we've made toward building a more sustainable and responsible future, while also underscoring our continued focus on the connections that link our environmental, social and governance principles to every facet of our business.' Key highlights from the 2024 ESG Report: Governance & Ethics: Strengthened corporate policies to enhance ESG oversight and cybersecurity safeguards. Employee Experience: Expanded Belonging@SPS, a global initiative focused on fostering connection and community across teams, alongside enhanced leadership development programs. Community Impact: The SPS Foundation continued to drive social impact with a special focus on investing in education and workforce development, with over $2.5 million in donations. Environmental Responsibility: Completed greenhouse gas (GHG) inventories to better understand SPS Commerce's carbon footprint. Sustainable Operations: Continued prioritization of cloud-based infrastructure with 95% of SPS's IT operations now in energy-efficient data centers powered by renewable energy. SPS Commerce remains committed to transparency and continuous improvement in its ESG efforts. The full 2024 ESG Report is available at About SPS Commerce SPS Commerce is the world's leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 45,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS has achieved 96 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. SPS-F Forward-Looking Statements This press release may contain forward-looking statements, including information about management's view of SPS Commerce's future expectations, plans and prospects, including our views regarding future execution within our business, the opportunity we see in the retail supply chain world and our performance for the first quarter and full year of 2025, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce's Annual Report on Form 10-K for the year ended December 31, 2023, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on SPS Commerce's future results. The forward-looking statements included in this press release are made only as of the date hereof. SPS Commerce cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SPS Commerce expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: Investor Relations The Blueshirt Group
