Latest news with #AII
Globe and Mail
2 days ago
- Business
- Globe and Mail
American Integrity Insurance Group, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call
American Integrity Insurance Group, Inc. (NYSE: AII) ('American Integrity' or the 'Company'), a Tampa-based property and casualty insurance holding company, today announced that it will release its second quarter 2025 results after the market close on Tuesday, August 12, 2025, and will host a conference call at 9:30 a.m. ET the following day, Wednesday, August 13, 2025. Interested parties can listen to the live presentation by dialing the listen-only number below, or can listen to a simultaneous webcast of the conference call by clicking the webcast link available on the Investor Relations section of the Company's website at Conference Call Information Listen-only toll-free number: (800) 715-9871 Listen-only international number: (646) 307-1963 Listen-only Canada-Toronto: (647) 932-3411 Conference ID: 6601512 A replay of the call will be available by telephone after 8:00 p.m. Eastern time on the same day as the call by dialing the below, and via the Investor Information section of the American Integrity website and will be available until Tuesday, 19th August 2025 11:59 PM EDT. Replay Information North America toll-free number: (800) 770-2030 International: (609) 800-9909 Replay ID: 6601512# About American Integrity Insurance Group American Integrity Insurance Group (NYSE: AII) is a Florida-based residential property insurer committed to delivering sustainable protection with unmatched customer service. Founded in 2006, the company serves hundreds of thousands of policyholders across the state. Built on a foundation of values, American Integrity has earned its reputation as a resilient market leader focused on long-term trust, not short-term trends.
The Star
23-07-2025
- Business
- The Star
'Moving far too slow': Fashion labels lag behind on sustainability pledges
The fashion industry is responsible for up to 8% of the world's planet-heating greenhouse gas emissions, according to United Nations figures, which many of its companies have promised to tackle with targets to reach net zero by 2050 or sooner. Yet researchers, companies and industry insiders say that little has been done to push this along in their supply chains in major textile-producing countries like Bangladesh, India and Cambodia. "Brands are moving far too slow," said Todd Paglia, executive director of StandEarth, an environmental non-profit advocacy group based in North America. In 2025, about a third of the 42 brands surveyed in a recent StandEarth report cut their emissions by 10%, compared to their baseline years – while 40% of brands saw their emissions grow. It found that only a fraction of leading brands are providing funding to cut emissions in their supply chains, which puts pressure on factories and suppliers that lack the financial clout to shift towards cleaner processes. About half of the major global fashion brands have set science-based targets for emission reduction, according to a 2024 report by Fashion Revolution, a non-profit group campaigning for sustainable fashion. Meanwhile, a large number of brands still lack visible efforts to finance their climate plans and support suppliers to decarbonise. "What we are seeing is a dangerous disconnect," said Mohiuddin Rubel, a former director of Bangladesh's garment manufacturers' association who is now director at textile maker Denim Expert Ltd. "Brands are turning their ambitious targets into unfunded mandates placed upon suppliers, who are asked to bear the full financial burden of decarbonising the brands' value chain," he said. Read more: Fashion label upcycles emotion into bold designs for Milan Fashion Week Financing gap Apparel manufacturers can cut factory-level emissions by switching to energy efficient equipment, installing renewable energy and using low-emissions transportation. In Bangladesh, a garment manufacturing hub, 83% of the industry's emissions are due to the on-site burning of fossil fuels, like natural gas, to generate power or run boilers to produce heat and steam, a report by consulting firm FSG said. Many suppliers balk at the high capital investment needed to replace gas-based boilers with more energy-efficient technologies, like heat pumps, according to a study by the Apparel Impact Institute (AII), a non-profit promoting sustainable investments. Overall, Bangladeshi fashion suppliers face an investment gap of $4.8 billion for cutting emissions by half by 2030, AII has said. Clothing makers in India and Vietnam also face challenges in reducing their reliance on fossil fuels in heat and steam generation, which are used to wash, dye and finish fabric production. About half of the brands surveyed by StandEarth offered some form of support, but much of it involved assessments and audits to measure the carbon footprint or small-scale pilot projects, said Bangladeshi supplier Rubel. "This is a drop in the ocean and does not address the systemic, industry-wide transformation required," he said. Suppliers also need long-term purchase agreements and price premiums from brands that would work as incentives to invest in cleaner production, said Abhishek Bansal, head of sustainability at the Indian textile supplier Arvind Limited. Read more: Turmoil or not, luxury fashion can't afford to ignore the Middle East region Brand action Only six brands reported that they offered project financing for suppliers' decarbonisation efforts, the StandEarth report said. Among them is the Swedish retail giant H&M, which has supported 23 smaller suppliers to invest in low-carbon tech. "Brands need to accept that there will be a cost to climate transition, since expecting no cost for this rapid process is a little bit strange," said Kim Hellstrom, senior sustainability manager at H&M. The retailer is planning to test energy-efficient thermal technologies in places like China, India and Vietnam. "The low-carbon technology is here, and you don't need to talk about innovation – but you need to try them first for this industry," said Hellstrom. If brands put budgets behind their goals, it would establish better partnerships with suppliers, said Kristina Elinder Liljas, senior director of sustainable finance and engagement at AII. "Everybody has skin in the game: For brands, it's about future-proofing their businesses, and for suppliers, to make sure they remain relevant to the brand they are catering to," she said. – Reuters
Otago Daily Times
08-07-2025
- Business
- Otago Daily Times
Fashion brands move slow on green promises
The fashion industry is responsible for up to 8% of the world's planet-heating greenhouse gas emissions, according to United Nations figures, which many of its companies have promised to tackle with targets to reach net zero by 2050 or sooner. Yet researchers, companies and industry insiders say that little has been done to push this along in their supply chains in major textile-producing countries like Bangladesh, India and Cambodia. "Brands are moving far too slow," said Todd Paglia, executive director of an environmental non-profit advocacy group based in North America. In 2025, about a third of the 42 brands surveyed in a recent report cut their emissions by 10%, compared to their baseline years - while 40% of brands saw their emissions grow. It found that only a fraction of leading brands are providing funding to cut emissions in their supply chains, which puts pressure on factories and suppliers that lack the financial clout to shift towards cleaner processes. About half of the major global fashion brands have set science-based targets for emission reduction, according to a 2024 report by Fashion Revolution, a non-profit group campaigning for sustainable fashion. Meanwhile, a large number of brands still lack visible efforts to finance their climate plans and support suppliers to decarbonise. "What we are seeing is a dangerous disconnect," said Mohiuddin Rubel, a former director of Bangladesh's garment manufacturers' association who is now director at textile maker Denim Expert Ltd. "Brands are turning their ambitious targets into unfunded mandates placed upon suppliers, who are asked to bear the full financial burden of decarbonising the brands' value chain," he told the Thomson Reuters Foundation. FINANCING GAP Apparel manufacturers can cut factory-level emissions by switching to energy efficient equipment, installing renewable energy and using low-emissions transportation. In Bangladesh, a garment manufacturing hub, 83% of the industry's emissions are due to the on-site burning of fossil fuels, like natural gas, to generate power or run boilers to produce heat and steam, a report by consulting firm FSG said. Many suppliers balk at the high capital investment needed to replace gas-based boilers with more energy-efficient technologies, like heat pumps, according to a study by the Apparel Impact Institute (AII), a non-profit promoting sustainable investments. Overall, Bangladeshi fashion suppliers face an investment gap of $US4.8 billion ($NZ7.9 billion) for cutting emissions by half by 2030, AII has said. Clothing makers in India and Vietnam also face challenges in reducing their reliance on fossil fuels in heat and steam generation, which are used to wash, dye and finish fabric production. About half of the brands surveyed by offered some form of support, but much of it involved assessments and audits to measure the carbon footprint or small-scale pilot projects, said Bangladeshi supplier Rubel. "This is a drop in the ocean and does not address the systemic, industry-wide transformation required," he said. Suppliers also need long-term purchase agreements and price premiums from brands that would work as incentives to invest in cleaner production, said Abhishek Bansal, head of sustainability at the Indian textile supplier Arvind Limited. BRAND ACTION Only six brands reported that they offered project financing for suppliers' decarbonisation efforts, the report said. Among them is the Swedish retail giant H&M, which has supported 23 smaller suppliers to invest in low-carbon tech. "Brands need to accept that there will be a cost to climate transition, since expecting no cost for this rapid process is a little bit strange," said Kim Hellstrom, senior sustainability manager at H&M. The retailer is planning to test energy-efficient thermal technologies in places like China, India and Vietnam. "The low-carbon technology is here, and you don't need to talk about innovation - but you need to try them first for this industry," said Hellstrom. If brands put budgets behind their goals, it would establish better partnerships with suppliers, said Kristina Elinder Liljas, senior director of sustainable finance and engagement at AII. "Everybody has skin in the game: For brands, it's about future-proofing their businesses, and for suppliers, to make sure they remain relevant to the brand they are catering to." - Thomson Reuters Foundation
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Almonty Industries Announces 1-for-1.5 Share Consolidation in Anticipation of Potential Nasdaq Listing
Almonty Industries Inc. (' Almonty ' or the ' Company ') (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI), a leading global producer of tungsten concentrate, is pleased to announce that it has filed articles of amendment to consolidate its issued and outstanding common shares (' Shares ') on the basis of one (1) post-consolidation Share for every one and a half (1.5) pre-consolidation Shares (the ' Consolidation '). The Consolidation was approved by shareholders of the Company (' Shareholders ') at the annual general and special meeting of Shareholders held on April 30, 2025. The Company is implementing the Consolidation for the reasons disclosed in the management information circular dated March 21, 2025 (the ' Circular '), including to facilitate a potential Nasdaq listing. The Company expects that the Shares will commence trading on a post-Consolidation basis at the start of trading on July 7, 2025 on the Toronto Stock Exchange (the " TSX '), subject to receipt of necessary exchange approvals. Following the Consolidation, the new CUSIP number for the Shares will be 020398707 and the new ISIN number will be CA0203987072. Trading on the Australian Securities Exchange in CHESS Depositary Interests (' CDIs ') representing the Shares will commence on a deferred settlement basis at the start of trading on July 8, 2025. Trading in post-Consolidation CDIs on a normal settlement basis will commence at the start of trading on July 17, 2025. The Company expects to have approximately 195,860,844 Shares (including CDIs) outstanding following the Consolidation, subject to rounding for any fractional Shares. No fractional Shares will be issued in connection with the Consolidation. In the event that a Shareholder would otherwise be entitled to receive a fractional Share upon the occurrence of the Consolidation, such fraction will be rounded down to the nearest whole number. All stock options, warrants and other rights to purchase or otherwise acquire Shares shall be adjusted to reflect the Consolidation in accordance with the terms and conditions governing such convertible securities. Almonty's transfer agent, Computershare Investor Services Inc. (' Computershare '), will mail a letter of transmittal to registered Shareholders of the Company providing instructions on how to exchange existing Share certificates or direct registration system (DRS) statements. A sample letter of transmittal is also available on the Company's profile on SEDAR+. Non-registered Shareholders who hold their Shares through a bank, broker or other nominee and who have questions regarding how the Consolidation will be processed should contact their nominee. Until surrendered to Computershare, each Share certificate or other evidence representing pre-Consolidation Shares will be deemed for all purposes to represent the number of post-Consolidation Shares to which the registered Shareholder is entitled as a result of the Consolidation. New holding statements will be dispatched to holders of CDIs on a post-Consolidation basis between July 10, 2025 and July, 16 2025. The Consolidation remains subject to the final approval of the TSX. Additional details regarding the Consolidation can be found in the Circular, which is available under the Company's profile on SEDAR+ at About Almonty Almonty is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Its Sangdong Mine in Gangwon Province, South Korea is currently under construction. The Sangdong Mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China. Almonty also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at and Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information This news release contains 'forward-looking statements' and 'forward-looking information' within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as 'plan', 'development', 'growth', 'continued', 'intentions', 'expectations', 'emerging', 'evolving', 'strategy', 'opportunities', 'anticipated', 'trends', 'potential', 'outlook', 'ability', 'additional', 'on track', 'prospects', 'viability', 'estimated', 'reaches', 'enhancing', 'strengthen', 'target', 'believes', 'next steps' or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the Consolidation, the timing of trading of the Shares and CDIs on a post-Consolidation basis, the number of issued and outstanding Shares following completion of the Consolidation, the receipt of final approval for the Consolidation from the TSX, the delivery of letters of transmittal, the treatment of convertible securities in connection with the Consolidation, and a potential Nasdaq listing. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, the timely delivery of letters of transmittal and the ability of the Company to obtain final approval of the Consolidation from the TSX and to meet Nasdaq listing requirements. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, including, without limitation, the impact of general economic conditions, industry conditions, and dependence on regulatory approvals. Any of these risks could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Readers should consider reviewing the detailed risk discussion in the Company's most recent Annual Information Form and the Amended Management Discussion and Analysis for the three months ended March 31, 2025 filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
Time of India
01-07-2025
- Business
- Time of India
Fashion brands move slow on their green promises
The fashion industry is responsible for up to 8% of the world's planet-heating greenhouse gas emissions, according to U.N. figures, which many of its companies have promised to tackle with targets to reach net zero by 2050 or sooner. Yet researchers, companies and industry insiders say that little has been done to push this along in their supply chains in major textile-producing countries like Bangladesh, India and Cambodia. "Brands are moving far too slow," said Todd Paglia, executive director of an environmental non-profit advocacy group based in North America. In 2025, about a third of the 42 brands surveyed in a recent report cut their emissions by 10%, compared to their baseline years - while 40% of brands saw their emissions grow. It found that only a fraction of leading brands are providing funding to cut emissions in their supply chains, which puts pressure on factories and suppliers that lack the financial clout to shift towards cleaner processes. About half of the major global fashion brands have set science-based targets for emission reduction, according to a 2024 report by Fashion Revolution, a non-profit group campaigning for sustainable fashion. Meanwhile, a large number of brands still lack visible efforts to finance their climate plans and support suppliers to decarbonise. "What we are seeing is a dangerous disconnect," said Mohiuddin Rubel, a former director of Bangladesh's garment manufacturers' association who is now director at textile maker Denim Expert Ltd. "Brands are turning their ambitious targets into unfunded mandates placed upon suppliers, who are asked to bear the full financial burden of decarbonising the brands' value chain," he told the Thomson Reuters Foundation. FINANCING GAP Apparel manufacturers can cut factory-level emissions by switching to energy efficient equipment, installing renewable energy and using low-emissions transportation. In Bangladesh, a garment manufacturing hub, 83% of the industry's emissions are due to the on-site burning of fossil fuels, like natural gas, to generate power or run boilers to produce heat and steam, a report by consulting firm FSG said. Many suppliers balk at the high capital investment needed to replace gas-based boilers with more energy-efficient technologies, like heat pumps, according to a study by the Apparel Impact Institute (AII), a non-profit promoting sustainable investments. Overall, Bangladeshi fashion suppliers face an investment gap of $4.8 billion for cutting emissions by half by 2030, AII has said. Clothing makers in India and Vietnam also face challenges in reducing their reliance on fossil fuels in heat and steam generation, which are used to wash, dye and finish fabric production. About half of the brands surveyed by offered some form of support, but much of it involved assessments and audits to measure the carbon footprint or small-scale pilot projects, said Bangladeshi supplier Rubel. "This is a drop in the ocean and does not address the systemic, industry-wide transformation required," he said. Suppliers also need long-term purchase agreements and price premiums from brands that would work as incentives to invest in cleaner production, said Abhishek Bansal, head of sustainability at the Indian textile supplier Arvind Limited. BRAND ACTION Only six brands reported that they offered project financing for suppliers' decarbonisation efforts, the report said. Among them is the Swedish retail giant H&M, which has supported 23 smaller suppliers to invest in low-carbon tech. "Brands need to accept that there will be a cost to climate transition, since expecting no cost for this rapid process is a little bit strange," said Kim Hellstrom, senior sustainability manager at H&M. The retailer is planning to test energy-efficient thermal technologies in places like China, India and Vietnam. "The low-carbon technology is here, and you don't need to talk about innovation - but you need to try them first for this industry," said Hellstrom. If brands put budgets behind their goals, it would establish better partnerships with suppliers, said Kristina Elinder Liljas, senior director of sustainable finance and engagement at AII. "Everybody has skin in the game: For brands, it's about future-proofing their businesses, and for suppliers, to make sure they remain relevant to the brand they are catering to," she said.
