Latest news with #ERI
Business Wire
20-05-2025
- Business
- Business Wire
ERI Publishes Annual 2024 Impact Report, with Focus on Circularity
FRESNO, Calif.--(BUSINESS WIRE)-- ERI, the nation's leading (and only truly circular) recycler of electronics and ITAD services provider, has announced the release of its fifth annual Impact Report for Fiscal Year 2024, which can be accessed on the company's website at The report summarizes the impact of ERI's achievements, innovations and highlights from the previous year and demonstrates the company's dedication to exceed its sustainability, circularity and material goals and benchmarks. Among other notable accomplishments, ERI remains the world's only ITAD/electronic recycling company to have achieved carbon neutral status. The report also highlights ERI's unique focus on innovation. The fully illustrated document provides descriptions of a number of ESG-related highlights from last year, including: Details of the company's new state-of-the-art proprietary alkaline battery recycling process; The company's ISO 27001 certification; ERI's critical role in CEP's groundbreaking global consumer electronics design guide; ERI's game-changing collaboration with Staples to establish heightened consumer opportunities to recycle electronics and batteries; Multiple honors and awards, including ERI receiving the SustainableIT Impact Award and ERI's Chairman/CEO John Shegerian being named to City & State New York's 'Responsible 100' list; Continued improvements in ERI's technology to become more transparent, provide better services for customers while continuing to push sustainability and data security forward through innovation; New R&D focused on enhanced double materiality and genuine circularity; and much more. 'Last year was yet another successful year on multiple levels for ERI,' said Shegerian. 'It was our most accomplished year in terms of environmental programs and innovation, and perhaps most excitingly, it set the framework for 2025 – which is shaping up to be a year of even more significant and impactful transformation, with more bold innovations and meaningful partnerships. As our new Impact report clearly demonstrates, we look forward to continuing to grow our shareholders' value – all while making the world a better and more sustainable place.' ERI is the largest fully integrated IT and electronics asset disposition provider and responsible hardware destruction company in the United States. ERI is certified at the highest level by all leading environmental and data security oversight organizations to de-manufacture, recycle, and refurbish every type of electronic device in an environmentally responsible manner. It is the first and only company in its industry to achieve carbon neutrality at all its facilities nationwide, and the first to achieve ISO 27001 and SOC 2 Type II certifications for security and data protection. ERI has the capacity to process more than a billion pounds of electronic waste annually at its eight certified locations, serving every zip code in the United States. ERI's mission is to protect people, the planet and privacy. For more information about ITAD services and e-waste recycling at ERI, call 1-800-ERI-DIRECT or visit
South Wales Argus
17-05-2025
- South Wales Argus
Twmbarlwm Trek: Concerns over plans for open cast coal mine
Participants in the Twmbarlwm Trek expressed shock after learning about proposals by Energy Recovery Investments (ERI) to extract 500,000 tons of coal from Bedwas Colliery, processing it within Sirhowy Country Park. The plans, presented by Caerphilly County Borough Council, include using narrow park roads for transporting thousands of lorry loads of coal annually. These routes pass through significant community areas, including an ancient woodland, a community farm, and the Welsh Government's COVID Memorial Woodland. ERI also intends to deposit 7.5 million tons of contaminated spoil on a nearby nature reserve, Mynydd y Grud, an area known for its rare plant and animal species. Sirhowy Country Park is a key part of the community, used for recreation, relaxation, and learning about wildlife. It holds sentimental value for many, being a place where local volunteers planted trees in memory of those lost during the pandemic. The proposed industrialisation of this area has raised concerns about the potential impact on the environment and the well-being of local residents. The walkers' reactions have sparked important discussions within the council, highlighting a growing opposition to the development. The Twmbarlwm Trek, part of the Caerphilly Challenge Series, took place on Saturday, May 10, 2025, and saw people of all ages and abilities coming together to support the cause. Cllr Janine Reed and Cllr Jan Jones have pledged to continue standing by the community in opposing any development that threatens the green spaces and the wildlife they sustain. They praised the walkers for their passion and solidarity in sending a clear message about the importance of protecting Sirhowy Valley Country Park. The councillors expressed their gratitude to the walkers, saying: "Your voices have already prompted critical conversations within the council, and we pledge to continue standing alongside you in opposing any development that threatens our green spaces and the wildlife they sustain." They added: "Together, we will ensure that future generations can continue to enjoy Sirhowy's hills and woodlands, just as we have." The plans are currently under consideration by the Caerphilly County Borough Council.
South Wales Argus
17-05-2025
- Politics
- South Wales Argus
Councillors thank participants on weekend Twmbarlwm trek
We would like to extend our heartfelt thanks to everyone who joined us on the Twmbarlwm Trek on Saturday, May 10, 2025, as part of the Caerphilly Challenge Series. It was inspiring to see walkers of all ages and abilities come together to celebrate our beautiful countryside, and we are especially grateful that so many of you took the time to voice your concerns about the proposed open-cast coal development in Sirhowy Country Park. Many of those who attended the event were shocked and dumfounded to learn that Energy Recovery Investments (ERI)—invited by Caerphilly County Borough Council—has put forward plans to extract half a million tons of coal from Bedwas Colliery and process it in our cherished Country Park. It should be noted that ERIs coal processing plant is proposed to situated above a known and documented shallow-depth coal seam – conveniently? Under these proposals, tens of thousands of lorry loads of coal per year would be hauled along narrow park roads, past an ancient woodland, through a community farm and, astonishingly, within inches of the Welsh Government's covid Memorial Woodland. Even more unsettling is ERI's intention to deposit some 7.5 million tons of contaminated spoil on an adjacent nature reserve – at Mynydd Y Grud - a haven for rare flora and fauna. Sirhowy Country Park is more than just green space: it is the beating heart of our community, a place of tranquillity, recreation and natural heritage. It is where families picnic, children learn about wildlife, and local volunteers have planted trees to commemorate those we lost during the pandemic. We firmly believe that industrialising this setting with open-cast mining would devastate both the environment and the wellbeing of local residents and visitors to the park. We are incredibly proud of the walk's participants, whose passion and solidarity have sent a clear message: Sirhowy Valley Country Park must be protected. Your voices have already prompted critical conversations within the council, and we pledge to continue standing alongside you in opposing any development that threatens our green spaces and the wildlife they sustain. Thank you once again for your energy, your commitment and your community spirit. Together, we will ensure that future generations can continue to enjoy Sirhowy's hills and woodlands, just as we have. Cllrs Janine Reed and Jan Jones
Daily Express
09-05-2025
- Business
- Daily Express
Genting's RM3.1 billion bet on New York gaming may backfire
Published on: Friday, May 09, 2025 Published on: Fri, May 09, 2025 By: Lee Min Keong, FMT Text Size: Genting Malaysia has invested US$724.4 million (RM3.1 billion) in Empire Resorts Inc since 2019. (Resort World Genting pic) PETALING JAYA: Genting Malaysia Bhd (GENM) has ramped up its bet on New York's gaming sector with its proposed takeover of Genting Empire Resorts (GERL), a move that some analysts say may backfire on the group. The deal has been flagged as expensive and potentially profit-dilutive by analysts and will likely be a financial drag on the integrated gaming and resort operator. The takeover also raised eyebrows as it is a related party transaction (RPT) involving the Genting group's founding Lim family led by Lim Kok Thay, who is also GENM's deputy chairman and chief executive. According to its 2024 annual report, the 73-year-old Lim and his son, Keong Hui, 40, have a deemed interest of 49.35% in GENM as of March 17, 2025. Keong Hui is the group's deputy chief executive and executive director. GENM is acquiring the remaining 51% stake in GERL that it does not own for US$41 million (RM177 million) from the Lim family's vehicle Kien Huat Realty III Ltd. The group currently holds a 49% interest in GERL, which wholly owns Empire Resorts Inc (ERI) that has gaming properties in New York state. As part of the deal, Kien Huat Realty III will also assign a US$39.7 million (RM170 million) debt to GENM that ERI owes to it. ERI owns and operates integrated casino Resorts World Catskills and video lottery terminal Resorts World Hudson Valley, along with mobile sports betting platform Resorts World Bet. GENM's RM3.1 billion investment GENM's investments in ERI prior to the latest acquisition totalled US$724.4 million (RM3.1 billion), after it made several capital injections through common and preferred stocks in recent years. Public Investment Bank (PublicInvest) has downgraded GENM to a 'trading sell' from 'neutral' in light of the proposed acquisition. In a recent note, it said the deal was an 'unfavourable' RPT that suggests 'corporate governance remains a concern' for the group. It views the group's US$724.4 million investment in ERI as 'financial assistance' to ensure the company remains operational under a competitive business environment in the US. PublicInvest noted that ERI remains a loss-making unit since GENM's initial acquisition back in 2019. 'After more than five years, the group has failed to turnaround ERI. We view this related party transaction negatively as it is likely to drag the group further with a higher share of losses,' it said. It added that between FY2020 and FY2024, GENM recognised total associated losses of RM160-RM280 million a year, the bulk of which it attributes to ERI. Meanwhile, US research firm CreditSights said the group's takeover of GERL is 'credit negative' due to the increased debt to support ERI's weak earnings outlook, and concerns over related party transactions. CreditSights, a Fitch Solutions company, said the deal will increase GENM's debt by US$300 million (RM1.3 billion) and worsen its leverage metrics by 0.3 to 0.4 times. It also said ERI's earnings outlook remains weak, pressured by competition and losses at its two New York resorts. However, it expects ongoing support for ERI from GENM as it has invested almost US$725 million in the business and views it as key to its New York expansion, lowering the refinancing risk for its US$300 million bond due in 2026. GENM's shares closed 1 sen or 0.6% lower at RM1.73 yesterday, valuing the group at RM10.27 billion. Year to date, the counter has fallen 23%. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Business Wire
07-05-2025
- General
- Business Wire
Advocating for Children with Dyslexia: Film Screening of
LAKE FOREST, Ill.--(BUSINESS WIRE)--Join us for a powerful evening of storytelling and advocacy at a special documentary screening of Left Behind on Tuesday, May 20th from 6:30–8:00 p.m. CT at the Gorton Center in Lake Forest, IL. The event will feature a post-film panel discussion with leading experts, presented in partnership with Everyone Reading Illinois (ERI) and Suite Escape. To register, click here. Join us for a powerful evening of storytelling and advocacy at a special documentary screening of Left Behind on Tuesday, May 20th from 6:30–8:00 p.m. CT at the Gorton Center in Lake Forest, IL. Left Behind was directed by Anna Toomey, an Emmy Award-winning Producer, and chronicles the historic and emotional true story of a group of determined mothers who challenged the status quo to establish the first public dyslexia school in New York City —the largest school district in the United States. In addition, they are planning additional sites for this type of school to better support and guide parents of dyslexia children. Their fight shines a much-needed spotlight on the daily struggles faced by families navigating public education systems that often overlook children with dyslexia. The film is a moving call to action, raising critical awareness of a learning difference that affects 1 in 5 children and the urgent need for literacy reform across the country. Following the screening, attendees will hear from a panel of experts from Everyone Reading Illinois, a nonprofit organization dedicated to advancing evidence-based reading instruction and dyslexia advocacy. The panel will explore how we can better support early identification of reading challenges, effective reading intervention, and teacher training grounded in the science of reading. In addition, dyslexia support and resources available for families will also be covered. Panelists include: Shira Schwartz, ERI President-Elect, veteran educator, educational advocate, and contributor to the Illinois Literacy Plan and Dyslexia Handbook Anne Lundberg, ERI Board Member, Head of Distribution at Armitage Partners, and parent of a dyslexic child Karla O'Brien, ERI Board Member, Dyslexia Trainer at SLANT System® for Structured Language Training, and Executive Director for Professional Development at Classmates Educational Group Don't miss this inspiring and educational event—be part of the growing movement to support literacy, inclusion, and equal opportunity in education for all children.
