Chemicals-Wholesalers and Distributors – Kuwait Financial Express http://www.kuwaitfinancialexpress.com Tue, 21 Nov 2023 11:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 RSPO Celebrates 20 Years of Impact and Reaffirms the Power of Partnerships for the Next 20 http://www.kuwaitfinancialexpress.com/rspo-celebrates-20-years-of-impact-and-reaffirms-the-power-of-partnerships-for-the-next-20/ Tue, 21 Nov 2023 11:24:05 +0000 http://www.kuwaitfinancialexpress.com/?p=309126 JAKARTA, Indonesia, Nov. 21, 2023 (GLOBE NEWSWIRE) — The Roundtable on Sustainable Palm Oil marked a special milestone at its Annual Roundtable conference (RT2023), themed "Partners for the Next 20", to reflect on nearly two decades of impact made possible through the collaborative efforts of RSPO's Members and partners. RT2023 presented an opportunity to take unified action on the core challenges facing the sustainable palm oil industry, including mitigating climate change, increasing uptake of certified sustainable palm oil (CSPO), protecting labour rights, and facilitating greater smallholder inclusion in green supply chains through compliance with emerging international regulations.

For nearly twenty years, the RSPO has facilitated global change to make the production and consumption of palm oil sustainable. Starting from 200 members from 16 countries in 2004, RSPO now counts more than 5,700 members in over 100 countries and territories spanning the globe.

In his opening remarks, RSPO CEO Joseph D'Cruz said, "Through nearly two decades of voluntary action, RSPO Members have banded together to raise the bars of sustainability within the industry. The impact we have collectively achieved is increasingly being acknowledged by stakeholders outside our industry, and we are seeing a definite shift in the sustainable palm oil narrative in our favour. As a global partnership to make palm oil sustainable, we must ride this trajectory and continue to evolve and pursue new territory. There is room now for us to move beyond a standard and certification system and develop tools that would enable the industry to demonstrate sustainability in the way that markets, regulators and customers demand today."

RSPO's key achievements over the last two decades were highlighted, including the increase in global certified area from just 125,000 hectares in 2008 to 4.9 million hectares across 23 countries in 2023. Certified Sustainable Palm Oil (CSPO) supply reached a new milestone at 15.4 million metric tonnes, while RSPO Trademark licences have increased significantly to more than 1,600 licences in over 100 countries and territories, with growth seen in China, Japan and Southeast Asia, signalling significant opportunities in these markets. The RSPO Smallholder Support Fund (RSSF) has provided US$4.2 million in funding to support 44,203 farmers in 12 countries since 2013. Accounting for 40% of total palm oil production output in key producing countries, smallholders featured strongly at RT2023, focused on opportunities and pathways to facilitate greater inclusion in green supply chains through compliance with emerging international regulations.

Charting new territory, RSPO's Certification, Trade and Traceability System (CTTS), launched recently in October 2023 with the formation of the tripartite consortium of global agri–tech experts, exemplifies how the organisation is advancing and digitising its tracking and traceability systems into an end–to–end digital infrastructure. This is rooted by best–in–class solutions that will be able to meet current demands and anticipate the future needs of a sector that is rapidly evolving to meet tightening global regulations, starting with the EU Deforestation Regulation (EUDR), and is actively engaging with the European Commission for knowledge–sharing on this topic with all relevant parties.

Anne Rosenbarger and Jos Roberto Montenegro, Co–Chairs of the RSPO Board of Governors, together called for the successes of the past 20 years to be leveraged and scaled further through collective action and innovative approaches. "RSPO is strategically evolving to meet current and forthcoming challenges, including shifting regulatory and market expectations, by improving the auditability and implementability of our current standards and Assurance systems in order to be ready to connect to the broader industry's sustainability platforms," said Anne Rosenbarger. Following a comprehensive and highly consultative review of its current 2018 RSPO Principles and Criteria and 2019 RSPO Independent Smallholder Standard, a technical revision process is underway to produce a revised set of standards in 2024.

The conference also featured the RSPO Excellence Awards, which saw fifteen of its Members nominated for their outstanding contributions to sustainable palm oil. The winners were DSN Group for Innovation; Bumitama Agri Ltd. for Conservation Leadership; Musim Mas for Smallholder Impact; Cheyenne Mountain Zoo for Communicating for Good, and WWF International for Shared Responsibility. Learn more about the winners, nominees and their award–worthy initiatives here.

About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi–stakeholder non–profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks, and investors, environmental or nature conservation non–governmental organisations (NGOs), and social or developmental NGOs. As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification. The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom, and the United States. For further information, kindly contact: media@rspo.org

Photos accompanying this announcement are available at:

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FreedomPay annonce un partenariat stratégique avec PAX Technology, Inc. pour des solutions de commerce mondial améliorées http://www.kuwaitfinancialexpress.com/freedompay-annonce-un-partenariat-strategique-avec-pax-technology-inc-pour-des-solutions-de-commerce-mondial-ameliorees/ Thu, 14 Sep 2023 16:57:46 +0000 http://www.kuwaitfinancialexpress.com/?p=308501 PHILADELPHIE, 14 sept. 2023 (GLOBE NEWSWIRE) —

FreedomPay, plateforme technologique de commerce privilgie des industries mondiales comprenant l'htellerie, l'hbergement, la vente au dtail et plus encore, annonce aujourd'hui sa collaboration avec PAX Technology, Inc., l'un des plus grands fournisseurs de solutions de paiement lectroniques de la plante.

compter du deuxime trimestre 2024, FreedomPay lancera des appareils PAX Technology offrant une exprience de validation de commande se montrant la fois sre, fluide et unifie pour les consommateurs tout en permettant aux marchands de bnficier des capacits d'analyse des donnes et des programmes de fidlit avantageux de FreedomPay. Ce partenariat renforce l'engagement de FreedomPay favoriser un cosystme ouvert et accessible pour ses partenaires sectoriels et marchands.

FreedomPay se ddie offrir une exprience client sans gale en priorisant la vitesse, la scurit et la personnalisation , a dclar Chris Kronenthal, prsident de FreedomPay. En faisant quipe avec PAX Technology, les marchands du monde entier peuvent dsormais offrir une exprience commerciale de niveau suprieur.

Ce partenariat annonce une nouvelle re d'excellence commerciale pour les marchands et consommateurs du monde entier. Grce l'inclusion d'une connectivit sans fil 4G de pointe, les marchands pourront dsormais profiter de transactions rapides et fluides. Les appareils tout–en–un de PAX Technology, intgrant la fois point de vente et paiements, rationalisent les oprations et simplifient l'exprience de validation de commande.

Cette collaboration avec FreedomPay associe une technologie commerciale de pointe avec des solutions matrielles d'acceptation des paiements faisant figure de leaders du secteur, favorisant le commerce mondial en permettant des transactions faciles et sres tant pour les consommateurs que pour les entreprises , a comment Andy Chau, prsident et directeur gnral de PAX Technology, Inc. Notre ligne de terminaux Android constituera une solution de paiement extrmement flexible pour FreedomPay et ses clients.

propos de FreedomPay
La plateforme Next Level Commerce de FreedomPay transforme les systmes et processus de paiement existants pour les faire passer la pointe de la technologie et permet aux marchands de dvoiler la puissance des paiements. En tant que premier choix pour bon nombre des plus grandes entreprises du monde dans les domaines de la vente au dtail, de l'htellerie, de l'hbergement, des jeux, des sports et du divertissement, des services alimentaires, de l'ducation, des soins de sant et des services financiers, la technologie de FreedomPay a t spcialement conue pour fournir des performances solides dans l'environnement extrmement complexe du commerce mondial.

La socit maintient un environnement de scurit de classe mondiale et a t la premire obtenir la validation convoite du Conseil des normes de scurit de l'industrie des cartes de paiement (PCI) par rapport la norme de cryptage point point (P2PE/EMV) en Amrique du Nord. Les solutions robustes de FreedomPay en matire de paiements, de scurit, d'identit et d'analyse de donnes sont disponibles en magasin, en ligne et sur mobile et sont prises en charge par l'adoption rapide des API. La plateforme de commerce FreedomPay prime fonctionne sur une seule et unique pile technologique unifie sur plusieurs continents, permettant ainsi aux entreprises d'offrir une exprience innovante de niveau suprieur l'chelle mondiale. www.freedompay.com

propos de PAX Technology, Inc.
PAX Technology, Inc. est l'un des plus grands fournisseurs de solutions de paiement lectroniques au monde, comptant 70 millions de terminaux situs dans plus de 120 pays. En tant que fabricants mondiaux de premier plan dans le domaine, nous sommes dtermins proposer des solutions de paiement innovantes, sres et de haute qualit aux entreprises, de toutes tailles, travers la plante. Pour en savoir plus, rendez–vous sur le site www.pax.us.

Contact :
Jennifer Tayebi
Hill+Knowlton Strategies pour FreedomPay
jennifer.tayebi@hkstrategies.com
+1 734 395 0780


GLOBENEWSWIRE (Distribution ID 8922545)

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FreedomPay gibt strategische Partnerschaft mit PAX Technology, Inc. für verbesserte Lösungen beim globalen Handel bekannt http://www.kuwaitfinancialexpress.com/freedompay-gibt-strategische-partnerschaft-mit-pax-technology-inc-fur-verbesserte-losungen-beim-globalen-handel-bekannt/ Thu, 14 Sep 2023 16:57:46 +0000 http://www.kuwaitfinancialexpress.com/?p=308492 PHILADELPHIA, Sept. 14, 2023 (GLOBE NEWSWIRE) —

FreedomPay, die bevorzugte Commerce–Technologieplattform fr zahlreiche Branchen wie Gastgewerbe, Beherbergung, Einzelhandel und mehr, gibt heute seine Zusammenarbeit mit PAX Technology, Inc. bekannt, einem der weltweit grten Anbieter elektronischer Zahlungslsungen.

Im zweiten Quartal 2024 wird FreedomPay Gerte mit PAX–Technologie einfhren, die Verbrauchern ein sicheres, problemloses und einheitliches Kassenerlebnis bieten und Hndlern mit den robusten Treueprogrammen und Datenanalysefunktionen von FreedomPay untersttzen. Diese Partnerschaft unterstreicht das Bestreben von FreedomPay, ein offenes und zugngliches kosystem fr seine Hndler und Industriepartner zu frdern.

"FreedomPay hat es sich zur Aufgabe gemacht, ein unvergleichliches Kundenerlebnis zu bieten, indem es Geschwindigkeit, Sicherheit und Personalisierung in den Vordergrund stellt", so Chris Kronenthal, President von FreedomPay. "Durch die Zusammenarbeit mit PAX Technology knnen Hndler berall auf der Welt nun Hndlern und Verbrauchern ein Commerce–Erlebnis auf ganz neuem Level bieten."

Die Partnerschaft lutet eine neue ra von Spitzenleistungen im Handel fr Hndler und Verbraucher weltweit ein. Die Integration der hochmodernen 4G–Mobilfunkverbindung ermglicht Hndlern jetzt die problemlose und schnelle Durchfhrung der Transaktionen. Die All–in–One–Gerte von PAX Technology, die sowohl den Point–of–Sale als auch den Zahlungsverkehr integrieren, optimieren die Ablufe und vereinfachen den Zahlungsvorgang.

"Die Zusammenarbeit mit FreedomPay verbindet modernste Handelstechnologie mit branchenfhrenden Hardwarelsungen fr die Zahlungsakzeptanz und frdert den globalen Handel, indem sie sichere Transaktionen fr Verbraucher und Unternehmen ermglicht", sagte Andy Chau, PAX Technology, Inc. President & CEO. "Unsere Android–Terminals bieten eine uerst flexible Zahlungslsung fr FreedomPay und seine Kunden."

ber FreedomPay
Die Next Level Commerce–Plattform von FreedomPay verwandelt bestehende Zahlungssysteme und –prozesse von veralteten in moderne Lsungen und ermglicht es Hndlern, neue Zahlungsmglichkeiten fr sich zu entdecken. Als erste Wahl fr viele der weltweit grten Unternehmen in den Bereichen Einzelhandel, Gastgewerbe, Beherbergung, Glcksspiel, Sport und Unterhaltung, Foodservice, Bildung, Gesundheitswesen und Finanzdienstleistungen wurde die Technologie von FreedomPay speziell entwickelt, um in der hochkomplexen Umgebung des globalen Handels eine felsenfeste Leistung zu erbringen.

Das Unternehmen unterhlt eine erstklassige Sicherheitsumgebung und war das erste Unternehmen, das vom PCI Security Standards Council die begehrte Validierung des Point–to–Point Encryption (P2PE/EMV) Standards in Nordamerika erhielt. Die robusten Lsungen von FreedomPay in den Bereichen Zahlungen, Sicherheit, Identitt und Datenanalyse sind in Geschften, online und mobil verfgbar und werden durch eine schnelle API–Einfhrung untersttzt. Die preisgekrnte FreedomPay Commerce–Plattform arbeitet auf einem einzigen, einheitlichen Technologie–Stack ber mehrere Kontinente hinweg und ermglicht es Unternehmen, ein innovatives Next Level–Erlebnis auf globaler Ebene zu bieten. www.freedompay.com

ber PAX Technology, Inc.
PAX Technology, Inc. ist einer der weltweit grten Anbieter von elektronischen Zahlungslsungen mit 70 Millionen Terminals in ber 120 Lndern. Als ein weltweit fhrender Hersteller von Zahlungslsungen haben wir uns verpflichtet, innovative, qualitativ hochwertige und sichere Zahlungslsungen fr groe und kleine Unternehmen auf der ganzen Welt zu liefern. Weitere Informationen finden Sie unter www.pax.us.

Kontakt:
Jennifer Tayebi
Hill+Knowlton Strategies for FreedomPay
jennifer.tayebi@hkstrategies.com
+1 734 395 0780


GLOBENEWSWIRE (Distribution ID 8922545)

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FreedomPay Announces Strategic Partnership with PAX Technology, Inc. for Enhanced Global Commerce Solutions http://www.kuwaitfinancialexpress.com/freedompay-announces-strategic-partnership-with-pax-technology-inc-for-enhanced-global-commerce-solutions/ Thu, 14 Sep 2023 10:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=308505 PHILADELPHIA, Sept. 14, 2023 (GLOBE NEWSWIRE) —

FreedomPay, the preferred commerce technology platform for global industries including hospitality, lodging, retail and more, today announces its collaboration with PAX Technology, Inc., one of the largest electronic payment solution providers in the world.

Available in Q2 2024, FreedomPay will introduce PAX Technology devices to enable a secure, seamless, and unified checkout experience for consumers while empowering merchants with FreedomPay's robust loyalty programs and data analytics capabilities. This partnership reinforces FreedomPay's commitment to fostering an open and accessible ecosystem for its merchants and industry partners.

"FreedomPay is dedicated to delivering an unparalleled consumer experience by prioritizing speed, security and personalization," said Chris Kronenthal, President of FreedomPay. "By teaming up with PAX Technology, merchants worldwide can now offer merchants and consumers a Next Level commerce experience."

The partnership signals a new era of commerce excellence for merchants and consumers globally. With the inclusion of cutting–edge 4G wireless connectivity, merchants can now enjoy seamless and rapid transactions. PAX Technology's all–in–one devices, integrating both point–of–sale and payments, streamlines operations and simplifies the checkout experience.

"This collaboration with FreedomPay combines cutting–edge commerce technology with industry–leading payment acceptance hardware solutions, driving global commerce by facilitating secure transactions for both consumers and businesses," said Andy Chau, PAX Technology, Inc. President & CEO. "Our Android line of terminals will provide an extremely flexible payment solution for FreedomPay, and their customers."

About FreedomPay
FreedomPay's Next Level Commerce platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay's technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world–class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point–to–Point Encryption (P2PE/EMV) standard in North America. FreedomPay's robust solutions across payments, security, identity, and data analytics are available in–store, online and on–mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

About PAX Technology, Inc.
PAX Technology, Inc.is one of the largest electronic payment solution providers in the world, with 70 million terminals located in over 120 countries. As a leading global manufacturer of payment solutions, we are committed to delivering innovative, high–quality, and secure payment solutions to businesses, large and small, worldwide. To learn more visit www.pax.us.

Contact:
Jennifer Tayebi
Hill+Knowlton Strategies for FreedomPay
jennifer.tayebi@hkstrategies.com
+1 734 395 0780


GLOBENEWSWIRE (Distribution ID 8921905)

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SMPO Releases CP01 Disposable Pod Kit With Multiple Flavors And Large Capacity http://www.kuwaitfinancialexpress.com/smpo-releases-cp01-disposable-pod-kit-with-multiple-flavors-and-large-capacity/ Tue, 31 Jan 2023 17:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=306747 GUANGZHOU, China, Jan. 31, 2023 (GLOBE NEWSWIRE) — SMPO Vape, a leading e–cigarette brand, recently released a new series of CP01 disposable pod kits. With over 7 years in the e–cigarette industry, SMPO Vape has always been committed to producing quality vaping equipment for its international customers. The new product CP01 offers an unrivaled soft and smooth vaping experience, rich in flavors combined with a large capacity.

Outstanding features based on Stylish Design
The stylish pen–style CP01 has a slender and smooth body and gradient colors. Additionally, in order to provide users with a softer and smoother vaping experience, SMPO vape applies a 0.8resistor design. The unique airway design of the Pod of CP01 allows customers to smoothly rotate the Pod to enjoy both the 1:1 Cig–type vaping experience and Shisha vaping performance.

Long–lasting power
The CP01 has a built–in 750mAh large–capacity battery and is equipped with a type–C charging adapter. The product has an extremely fast charging time, only charging for 30 minutes to meet the use from day to night, helping customers get rid of low–power anxiety and enjoy vaping with long–lasting power.

Large–capacity and multi–flavor pods
The SMPO's CP01 is equipped with a 10ml large–capacity pod. Both its disposable pod kit and its CP pod can be sold separately. Moreover, there are a total of 8 flavors of CP01customers can benefit from more choices for satisfying their taste buds.

Eliminate oil leakage
E–liquid leakage has always been a problem that plagues many customers. In this regard, SMPO Vape specially designed the pre–filled cotton coil to prevent leakage. CP pods use mesh coils to help vape and provide a pure and silky taste.

About SMPO
SMPO Vape is a trusted e–cigarette brand that belongs to SHENZHEN YUEZHITU COMMERCIAL CO.LTD. SMPO's business covers 14 countries, spacing from R&D to manufacturing and wholesale of vaping products. The brand's products have been awarded more than 90 patents and have passed the certification of CE, ROHS, KC, and other international certificates.

Media Contact
Company Name: SHENZHEN YUEZHITU COMMERCIAL CO.LTD.
Address: Room 503, Xinggang Tongchuanghui Tianquan Building, No. 6099 Baoan Avenue, Xinhe Community, Fuhai Street, Baoan District, Shenzhen,GuangDong Prov.China
Telephone: +86 15989315227
Email: marketing@smpovapor.com
Website: https://www.smpovapor.com/


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Elo Partners with FreedomPay to Transform the Digital In-Store Experience http://www.kuwaitfinancialexpress.com/elo-partners-with-freedompay-to-transform-the-digital-in-store-experience/ Mon, 16 Jan 2023 13:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=306677 PHILADELPHIA, Jan. 16, 2023 (GLOBE NEWSWIRE) — FreedomPay, the global leader in Next Level Commerce, and Elo, a leading global provider of interactive solutions and interactive display solutions, announce the integration of Elo's M60 Pay handheld computer with FreedomPay's secure commerce technology.

Built to accept today's popular payment and loyalty cards, the M60 Pay has a built–in EMV, magnetic stripe reader and NFC for cards with either chips or strips and digital contactless payments. The Android –based M60 Pay computer can transform from a mobile to a fixed POS solution with the optional docking station, expansion module and Elo touchscreen monitor.

Together, FreedomPay and Elo are reinventing the digital in–store experience by uniting Elo's innovative and interactive solutions with FreedomPay's industry–leading commerce technology platform to create a secure, frictionless, unified shopping experience for global consumers while supporting merchants with robust loyalty and data analytics capabilities.

"The M60 Pay makes decentralizing the checkout process and taking payments anywhere easy," said Craig Witsoe, CEO at Elo. "The partnership with FreedomPay will bring enhanced functionality and security to create a more personalized experience for consumers."

FreedomPay's Next Level Commerce platform offers many benefits to merchants and their customers, including:

  • The ability to unify commerce across properties, channels, and regions within a single open, fully agnostic, flexible platform;
  • A touchless ecosystem that supports contactless payments, QR technology, Apple Pay, and Google Pay; and
  • A fully integrated end–to–end solution enabling secure payments, identity–as–a–service, loyalty, and business intelligence.

"Consumers are looking continually for new payment functionality and greater customization when it comes to payments. The partnership with Elo will give customers secure and seamless checkout experience expected with FreedomPay coupled with the innovative and modular designed solutions from Elo," said Tom Durovsik, Founder & CEO of FreedomPay.

To learn more about the solution, visit FreedomPay at NRF booth #4250 or Elo at NRF booth #5803 to request a demo.

About FreedomPay
FreedomPay's Next Level Commerce platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay's technology has been purposely built to deliver rock–solid performance in the highly complex environment of global commerce. The company maintains a world–class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point–to–Point Encryption (P2PE/EMV) standard in North America. FreedomPay's robust solutions across payments, security, identity, and data analytics are available in–store, online and on–mobile and are supported by rapid API adoption. The award–winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

About Elo
As a leading global supplier of interactive solutions, #EloIsEverywhere. To date, Elo has deployed more than 25 million installations in over 80 countries. A new Elo touchscreen is installed every 21 seconds, on average, somewhere in the world. Built on a unified architecture, Elo's broad portfolio allows its customers to easily Choose, Configure and Connect & Control to create a unique experience. Choose from all–in–one systems, open–frame monitors and touchscreen monitors ranging from 7 to 65 inches. Configure with Elo's unique Elo Edge Connect peripherals that allow use–specific solutions. Connect & Control with EloView , a secure, cloud–based platform for Android–powered devices. EloView enables secure deployment and management of a large network of interactive systems designed to reduce operating costs while increasing up–time and security.

Consumers can find Elo touchscreen solutions in self–service kiosks, point–of–sale terminals, interactive signage, gaming machines, hospitality systems, point–of–care displays and transportation applications, to name a few. Learn more at EloTouch.com.

Contact

Jennifer Tayebi
Hill+Knowlton Strategies for FreedomPay
Jennifer.Tayebi@hkstrategies.com
+1 734 395 0780


GLOBENEWSWIRE (Distribution ID 8730050)

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FreedomPay Announces Integration with Castles Technology to Expand Commerce Offering Globally http://www.kuwaitfinancialexpress.com/freedompay-announces-integration-with-castles-technology-to-expand-commerce-offering-globally/ Wed, 16 Nov 2022 11:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=305283 The partnership brings a unique consumer experience powered by loyalty and value–added services to millions of merchants globally.

PHILADELPHIA, Nov. 16, 2022 (GLOBE NEWSWIRE) — FreedomPay, the commerce technology partner of choice for global leaders across hospitality, retail, restaurants and sports and entertainment, announce today a partnership with Castles Technology, a globally recognized and industry–leading manufacturer of payment hardware solutions.

"FreedomPay creates a world–class experience for consumers through optimized speed, security, and personalization," said Chris Kronenthal, President of FreedomPay. "By partnering with Castles, merchants can provide a best–in–class commerce experience for consumers globally."

Available beginning Q1 2023, FreedomPay will offer Castles' all–in–one Android SmartPOS terminal to create a secure, frictionless and unified shopping experience for consumers while also supporting merchants with robust loyalty and data analytics capabilities. The move furthers its commitment towards an open and accessible ecosystem for FreedomPay's merchants and industry partners alike. "Ultimately, FreedomPay's proposition to the market is innovation based around choice and flexibility "" we take another step forward with this announcement," said Kronenthal.

"This partnership with FreedomPay brings together world–class commerce technology with industry–leading payment acceptance hardware solutions that drive global commerce by serving consumers and businesses to securely pay and get paid. Delivering innovation and trust is part of our DNA, and we are thrilled to be working with FreedomPay, who shares our ambitions to keep pushing our industry forward for our clients," said Ben Love, President & CTO of Castles Technology North America.

Castles devices offer merchants many benefits including:

  • FreedomPay's PCI–Validated P2PE solution and PCI PTS v6 firmware
  • Front and rear cameras for QR code payment acceptance and loyalty programs
  • Laser scanner for fast product scanning
  • 5" touchscreen with PIN on glass

Supported by Castles, FreedomPay continues its global expansion across 130+ countries, more than one hundred currencies and thousands of commerce partners.

About FreedomPay
FreedomPay's Next Level Commerce platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay's technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world–class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point–to–Point Encryption (P2PE/EMV) standard in North America. FreedomPay's robust solutions across payments, security, identity, and data analytics are available in–store, online and on–mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

About Castles Technology
With thirty years of worldwide market experience, Castles Technology has established itself as a top global manufacturer of next–generation payment acceptance hardware. Our goal is to create simple, innovative, and secure payment solutions that provide mobility and flexibility for a diverse range of attended and unattended payment environments such as retail, vending, micro markets, restaurants, transportation, finance, lodging, and hospitality. We pride ourselves on crafting accessible payment solutions, reducing the lifetime cost of payment acceptance hardware, and providing robust integration options. Our North American headquarters are in Atlanta, GA, and Castles Technology has 11 regional offices across Asia, Europe, and North and South America.

Jennifer Tayebi
Hill+Knowlton Strategies
Jennifer.tayebi@hkstrategies.com
(734) 395–0780


GLOBENEWSWIRE (Distribution ID 8697871)

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Announcing Green Horizons, a Trailblazing Cannabis Cultivation and CPG Brand Campus http://www.kuwaitfinancialexpress.com/announcing-green-horizons-a-trailblazing-cannabis-cultivation-and-cpg-brand-campus/ Mon, 11 Apr 2022 13:00:00 +0000 http://www.kuwaitfinancialexpress.com/?p=305352 COACHELLA VALLEY, Calif., April 11, 2022 (GLOBE NEWSWIRE) — Today Green Horizons announced plans for its massive, trailblazing Canna–Campus in Coachella Valley, which broke ground late last year and is under construction. The first–of–its–kind facility will feature scaled cannabis cultivation alongside CPG brand development, positioning the Company to become one of the largest vertically integrated brand platforms in the world. Green Horizons will also offer campus tours, education and workshops to outside visitors.

Green Horizons is launching the first 226,787 sq. ft. of its campus with options to scale to 1,000,000 sq. ft. as market conditions dictate. Phase I of the Green Horizons campus will consist of 101,787 sq. ft. of a state–of–the–art, sealed, Class "A" automated light deprivation greenhouse. Phase II adds an additional 125,000 sq. ft. that will serve as the Company's corporate headquarters as well as its brand incubator, along with additional light deprivation greenhouse cultivation space.

Green Horizons' mission is to fuel a portfolio of in–house brands with in–house supply to guarantee consistency and uniformity. Combining the management team's track record of cultivation excellence with the Company's high–tech sun powered cultivation facilities, Green Horizons aims to redefine the cultivation landscape to create a blue ocean of top shelf flower at greenhouse COGS. In leveraging its low–cost basis, Green Horizons will be able to continue scaling as commoditization exerts downward pressure on higher cost producers.

The Company will be formally announcing their much–anticipated debut brand, a crossover from the fashion world, which will launch in Q3 of 2022, to be followed by a value brand paying homage to the Coachella Valley, anticipated in summer 2023. Upon completion of the facility, the brands will be exclusively powered by proprietary genetics bred in–house by the Company, a cornerstone differentiator for all Green Horizons portfolio brands.

"The Coachella Valley is the perfect place to build a world class cultivation and CPG brand campus at this scale," said Carlos "Los" Arias, Chief Executive Officer of Green Horizons. "Coachella has long been a stalwart agricultural community, and I am honored to now help make Coachella a global cannabis destination. Being built to last is more important than being first, and we're just getting started."

Green Horizons was co–founded by Arias and Michael C. Meade. Arias leads the Company's vision to create culturally relevant brands that bring people together. Known for his high vibrational presence, Arias is an exemplar of community–minded collaboration that serves as the bedrock of the Company's culture. Meade serves as Green Horizons' President and largest investor. Through an unrelated entity, Meade is developing Coachella Cann Park, which is being leased to Green Horizons. Meade's development company has secured an $18.5M construction loan from Innovative Industrial Properties to fund construction of the property.

Arias and Meade are joined by founding investor Star Branding Investment Group, LLC, which brings its global entrepreneurial prowess to Green Horizons, drawing on its success in building global brands and experience in a wide range of operational matters. Brought together, Green Horizons and its principals have the requisite capabilities in–house to scale a profitable cultivation and CPG enterprise, synchronizing facility operations expertise and global brand prowess.

SOCIAL JUSTICE

Green Horizons recognizes the privilege to work within the legal cannabis space and is committed to positive social change at the local level.

Education is a pillar of the Company. With a mission to destigmatize cannabis through education and transparency, Green Horizons will open its doors to offer campus tours to outside visitors, along with workshops and educational programs for the community and those interested in learning more about the cannabis plant and the industry.

The Company is partnering with the City of Coachella in launching the Build the Valley Initiative, which will consist of two prominent initiatives: first, building infrastructure for the community; and second, advocacy for expungement and job creation for which Green Horizons will create a dedicated Coachella Valley program. In addition to their local community activism, Green Horizons is also invested in the sustainable future of the cannabis industry and is a member of an industry task force, comprised of top operators, financiers and attorneys, whose aim is to eradicate the use of plastics in the cannabis supply chain.

ABOUT GREEN HORIZONS

Green Horizons is a next gen, vertically integrated cannabis company that builds CPG brands. With world class facilities to fuel globally relevant brands, the Company's aim is to crossover and create meaningful brands that bring people together. www.greenhorizons.io

ABOUT CARLOS "LOS" ARIAS, J.D.

CO–FOUNDER, CHIEF EXECUTIVE OFFICER OF GREEN HORIZONS

Arias is regarded industry wide as a plant medicine expert, honed from his Cuban/Brazilian lineage and years of dedication to studying and working with medicinal plants all over the world. A lawyer by training, Arias is responsible for the Company's key strategic partnerships.

ABOUT MICHAEL C. MEADE

CHIEF EXECUTIVE OFFICER OF COACHELLA CANN PARK, CO–FOUNDER AND PRESIDENT OF GREEN HORIZONS

In addition to securing the first issued cannabis licenses in Riverside County 15 years ago for cultivation and retail, Meade went on to build a cannabis real estate empire in the desert valley, fueled by Wilson Meade commercial brokerage and Desert Rock Development.

ABOUT STAR BRANDING INVESTMENT GROUP

Star Branding Investment Group, LLC is a private investment vehicle founded by Mr. Tommy Hilfiger and Mr. Joe Lamastra, through which it, and its subsidiaries seek investments in businesses across a broad range of industries.

For media inquiries please contact: press@weareprismatics.com

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/02b2422e–e386–488a–b236–26245b458b36


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Chargebee Raises Another $250M to Meet Surging Demand from Growing Subscription and SaaS businesses http://www.kuwaitfinancialexpress.com/chargebee-raises-another-250m-to-meet-surging-demand-from-growing-subscription-and-saas-businesses/ Tue, 01 Feb 2022 12:03:00 +0000 http://www.kuwaitfinancialexpress.com/?p=305832 SAN FRANCISCO, Feb. 01, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced the closing of a $250 million investment round co–led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital. This round follows a previous round in April raising $125 million at a $1.4 billion valuation, bringing the total investment in the company to $470 million.

More businesses are becoming or being born as recurring revenue businesses. UBS financial services firm predicts that this "subscription economy" will grow to $1.5 trillion by 2025, more than doubling its current $650 billion estimate. As the market grows, so does the opportunity for Chargebee's global customer base. The new round of funding will be used towards product innovation and global expansion to support the billing and revenue needs of current and future subscription businesses, as well as strategic corporate growth initiatives.

"We built Chargebee to solve infrastructure issues facing high–growth subscription businesses with a product roadmap laser focused on replacing in–house systems orchestrating the complex parts of revenue intelligence like billing and payments. As subscription offerings continue to rapidly evolve, our focus remains on providing a flexible growth engine to power, capture and understand revenue, all in real time," said Krish Subramanian, CEO and co–founder of Chargebee. "This round of funding will drive innovation to empower the next generation of businesses leveraging subscription billing models to quickly start, scale and transform."

Chargebee manages revenue operations for subscription–based businesses ranging from early–stage startups to larger enterprises, including Freshworks, Calendly, Doodle and Pret a Manger. Through simple and seamless integrations, Chargebee captures the entire revenue lifecycle from first interaction to the closing of the books each month, empowering teams to make business growth decisions with confidence.

"We believe every company will be a subscription company in the future. The predictability of a subscription business model is extremely attractive, and Chargebee is the leading revenue management partner for the subscription economy. Its platform offers customers a real–time 360–degree view into revenues and user behavior and the intelligence they can use to quickly adapt and make better business decisions. Sequoia's investment reflects the growing market need and belief in the Chargebee team," said Tejeshwi Sharma, MD, Sequoia India.

The company recently expanded offerings to build a unified revenue management platform with strategic acquisitions of leaders in revenue recognition (RevLock) and churn deflection and retention (Brightback). In the last year, the platform also added capabilities to optimize revenue growth with new payment methods and gateways, support for one–time payments to meet local tax and e–voicing regulatory and compliance requirements, enhanced reporting and analytics and updated integrations with ERPs (Netsuite and Microsoft Dynamics) and CRMs (Hubspot and Zoho) to support more complex sales motions. The company has also expanded globally with new offices and investments in Australia and India and partnerships with industry leaders including GoCardless, Salesforce, Hubspot and PayPal.

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,000 subscription–based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e–learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com

Media Contact
Penny Desatnik
penny@chargebee.com


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IFRS Foundation announces International Sustainability Standards Board, consolidation with CDSB and VRF, and publication of prototype disclosure requirements http://www.kuwaitfinancialexpress.com/ifrs-foundation-announces-international-sustainability-standards-board-consolidation-with-cdsb-and-vrf-and-publication-of-prototype-disclosure-requirements/ Wed, 03 Nov 2021 10:45:00 +0000 http://www.kuwaitfinancialexpress.com/?p=305833 SAN FRANCISCO, Nov. 03, 2021 (GLOBE NEWSWIRE) — As world leaders meet in Glasgow for COP26, the UN global summit to address the critical and urgent issue of climate change, the IFRS Foundation Trustees (Trustees) announce three significant developments to provide the global financial markets with high–quality disclosures on climate and other sustainability issues:

  • The formation of a new International Sustainability Standards Board (ISSB) to develop""in the public interest""a comprehensive global baseline of high–quality sustainability disclosure standards to meet investors' information needs;
  • A commitment by leading investor–focused sustainability disclosure organisations to consolidate into the new board. The IFRS Foundation will complete consolidation of the Climate Disclosure Standards Board (CDSB""an initiative of CDP) and the Value Reporting Foundation (VRF""which houses the Integrated Reporting Framework and the SASB Standards) by June 2022;
  • The publication of prototype climate and general disclosure requirements developed by the Technical Readiness Working Group (TRWG), a group formed by the IFRS Foundation Trustees to undertake preparatory work for the ISSB. These prototypes are the result of six months of joint work by representatives of the CDSB, the International Accounting Standards Board (IASB), the Financial Stability Board's Task Force on Climate–related Financial Disclosures (TCFD), the VRF and the World Economic Forum (Forum), supported by the International Organization of Securities Commissions (IOSCO) and its Technical Expert Group of securities regulators. The TRWG has consolidated key aspects of these organisations' content into an enhanced, unified set of recommendations for consideration by the ISSB.

Together, these developments create the necessary institutional arrangements, set out in the Foundation's revised Constitution, and lay the technical groundwork for a global sustainability disclosure standard–setter for the financial markets. They fulfil the growing and urgent demand for streamlining and formalising corporate sustainability disclosures.

The ISSB will sit alongside and work in close cooperation with the IASB, ensuring connectivity and compatibility between IFRS Accounting Standards and the ISSB's standards""IFRS Sustainability Disclosure Standards. To ensure public interest legitimacy, both boards will be overseen by the Trustees, who are in turn accountable to a Monitoring Board of capital market authorities responsible for corporate reporting in their jurisdictions. The ISSB and the IASB will be independent, and their standards will complement each other to provide comprehensive information to investors and other providers of capital.

Proven demand

Financial markets need to assess the risks and opportunities facing individual companies which arise from environmental, social and governance (ESG) issues, as these affect enterprise value. This is driving significant demand for high–quality information. Investors and other providers of capital want global sustainability disclosure standards that meet their information needs. Voluntary reporting frameworks and guidance have prompted innovation and action, although fragmentation has also increased cost and complexity for investors, companies and regulators.

Many investors and regulators have called for the IFRS Foundation to build upon market–led initiatives and to use its experience in creating accounting standards used in more than 140 jurisdictions to bring globally comparable reporting on sustainability matters to the financial markets.

The Trustees' decision to create the ISSB is informed by the feedback received in their two public consultations, discussions with advisory groups, frequent dialogue with the IFRS Foundation Monitoring Board, and with support from IOSCO and others.

Comprehensive global baseline

The ISSB will develop IFRS Sustainability Disclosure Standards, including disclosure requirements that address companies' impacts on sustainability matters relevant to assessing enterprise value and making investment decisions. The ISSB's standards will enable companies to provide comprehensive sustainability information for the global financial markets. The standards will be developed to facilitate compatibility with requirements that are jurisdiction specific or aimed at a wider group of stakeholders (for example, the European Union's planned Corporate Sustainability Reporting Directive as well as initiatives in the Americas and Asia–Oceania).

The G20 Rome Leaders' Declaration and the Financial Stability Board have both welcomed the IFRS Foundation's work programme to develop global baseline standards for sustainability disclosures.

Consolidating and building on existing initiatives

Consistent with feedback received through consultation, the ISSB will build on the work of existing investor–focused reporting initiatives to become the global standard–setter for sustainability disclosures for the financial markets. To achieve this goal, the IFRS Foundation has reached commitments with the CDSB, whose secretariat is hosted by CDP, and the VRF to consolidate their technical expertise, content, staff and other resources with the IFRS Foundation. It is intended that the technical standards and frameworks of the CDSB and the VRF, along with those of the TCFD and the Forum Stakeholder Capitalism Metrics, will provide a basis for the technical work of the new board.

Recognising the urgency and the desire to provide the ISSB with a solid foundation on which to start its work, the Trustees created the TRWG "" comprising representatives from the CDSB, TCFD, IASB, VRF and the Forum "" to provide recommendations to the ISSB. The TRWG has concluded its work on two prototype documents published today "" one which focuses on climate–related disclosures that build on the TCFD's recommendations and includes industry–specific disclosures, and a second that sets out general sustainability disclosures. The ISSB will consider the prototypes as part of its initial work programme.

Informed by expert advice

The ISSB will draw upon expertise from several advisory groups. Technical advice on sustainability matters will be provided to the ISSB by a new Sustainability Consultative Committee, whose members will include the International Monetary Fund, the Organisation for Economic Co–operation and Development, the United Nations, the World Bank and additional expert members drawn from public, private and non–governmental organisations.

The remit and expertise of the IFRS Advisory Council will be extended to provide strategic sustainability–related advice and counsel to the ISSB, as well as the Trustees and the IASB. Finally, the Trustees have formed a working group to create a mechanism for formal engagement on standard–setting between the ISSB and jurisdictional representatives, including from emerging markets (similar to the Accounting Standards Advisory Forum, which fulfils this role for the IASB).

The Foundation intends to leverage the existing CDSB and VRF advisory groups, which include investors and other experts who have demonstrated long–standing support for improved sustainability disclosure. As well, the Forum's private sector coalition will be engaged. The Foundation also intends to use the International Integrated Reporting Council to provide advice on establishing connectivity between the work of the IASB and the ISSB via the fundamental concepts and guiding principles of integrated reporting.

Global footprint

The ISSB will have a global and multi–location presence. All regions""the Americas, Asia–Oceania and EMEA (Europe, the Middle–East and Africa)""will be covered. Engagement with developing and emerging economies will be an important priority.

Offices in Frankfurt (the seat of the Board and the office of the Chair) and in Montreal will be responsible for key functions supporting the new Board and deeper co–operation with regional stakeholders. Offices in San Francisco, following the consolidation with the VRF, and London will also provide technical support and platforms for market engagement and deeper cooperation with regional stakeholders.

Based on expressions of interest received, the IFRS Foundation will engage without delay with Frankfurt and Montreal to make the necessary arrangements to enable the ISSB to commence work early in 2022. Further discussions will continue with proposals for offices from Beijing and Tokyo to finalise the new Board's footprint in the Asia Oceania region. Timely actions are needed to respect the urgency expressed by IOSCO and other important stakeholders.

Next steps

The Trustees are at advanced stages in appointing a Chair and Vice–Chair(s) to the ISSB. The Trustees will commence shortly a search for the additional board positions, up to the full complement of 14 members.

The ISSB's work is expected to commence as soon as the Chair and Vice–Chair(s) have been appointed and to begin with public consultations to inform the ISSB's work plan and on proposals informed by recommendations from the TRWG. Following these consultations, the ISSB's work will follow the IFRS Foundation's rigorous due process, including public discussions by the ISSB of feedback received to the consultations and possible improvements to the proposals prior to their finalisation as standards. The entire process will be overseen by the Trustees' Due Process Oversight Committee.

Erkki Liikanen, Chair of the IFRS Foundation Trustees, said:

"Sustainability, and particularly climate change, is the defining issue of our time. To properly assess related opportunities and risks, investors require high–quality, transparent and globally comparable sustainability disclosures that are compatible with the financial statements. Establishing the ISSB and building on the innovation and expertise of the CDSB, the Value Reporting Foundation and others will provide the foundations to achieve this goal.'

Mary Schapiro, Head of the TCFD Secretariat, said:

"Development of the ISSB's global baseline will deliver transformative change in sustainability disclosures for the financial markets. The TCFD welcomes the formation of the ISSB, which builds upon the foundation of the globally accepted TCFD framework and the work of an alliance of sustainability standard setters. The ISSB represents a major step forward in establishing consistent, comparable global reporting standards.'

Richard Sexton and Robert K Steel, Co–Chairs of the Value Reporting Foundation Board, commented:

"Today's announcement is a reflection of the changed world we live in – a world in which sustainability and long–term thinking are increasingly at the heart of business and investor decision–making. This is a transformation that both the IIRC and SASB helped lead, made possible by the many thousands of stakeholders who volunteered time and offered resources to develop the Integrated Thinking Principles, Integrated Reporting Framework and SASB Standards that are today used by businesses and investors around the world. The Value Reporting Foundation Board believes the consolidation announced today will help deliver effective disclosures to drive global sustainability performance. We count on your continued collaboration as we embark on this exciting next step.'

Richard Samans, Chairman of CDSB, and Paul Simpson, CEO of CDP said:

"CDP pioneered environmental disclosure twenty years ago and has hosted CDSB since its formation in 2007. CDSB's global partnership of business and environmental organisations supported by the international accounting community was formed to create a generally–accepted framework for corporate reporting of material climate, environmental and social information to investors and regulators.

We are delighted that the IFRS Foundation is forming the ISSB to drive forward the development of global standards for sustainability–related financial disclosures. The ISSB's integration of CDSB will ensure that the new board has a strong foundation and can move rapidly building on existing best practice. CDP looks forward to supporting the ISSB process with its global market led environmental disclosure mechanism and expertise on data.'

Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, said:

"Creating long–term value requires both a focus on financial and sustainability performance. This means we need tools for measuring sustainability performance just as we have for financial performance. The World Economic Forum and its private sector coalition made a contribution on this front, proposing a core set of "Stakeholder Capitalism Metrics'. We are pleased that this effort will provide a basis for the technical work of the ISSB. We look forward to continuing our partnership with the IFRS Foundation in support of the ISSB, during its establishment and as it delivers on its historical mandate.'

IFRS Foundation Trustee Chair Erkki Liikanen will announce the ISSB as part of the COP26 Finance Day Presidency event: "A Financial System for Net Zero' which begins at 10:15 GMT on 3 November 2021. The event will be livestreamed and available to watch on the COP26 website.

The IFRS Foundation will also be hosting its own live broadcast at 14:30 GMT on 3 November, providing further information about the proposed ISSB. The event will be livestreamed on our site and via the IFRS Foundation's LinkedIn and YouTube channels.

Notes to editors

The IFRS Foundation Trustees carried out two rounds of global public consultation, which confirmed an urgent demand for global sustainability disclosure standards and extensive support for the Foundation to play a role in developing such standards. The Trustees have today published a revised Constitution to facilitate the formation of the ISSB and a feedback statement summarising 177 comment letters received during the Trustees' second consultation.

Media contacts

IFRS Foundation: Kirstina Reitan, Head of Communications
Email: kreitan@ifrs.org, Mob: +44 7894 573721

CDSB: Patrick Hanrahan, Head of Communications, CDSB
Email: Patrick.Hanrahan@cdsb.net, Mob.: +44 (0) 792 9414191

VRF: Europe: Katie Riminton, FleishmanHillard katie.riminton@fleishmaneurope.com Mob: +32 4 78 70 19 83. Other regions: Taylor Fenske, Stern Strategy: Tfenske@sternstrategy.com Mob: +1 973–477–4983

About the IFRS Foundation

The IFRS Foundation is an independent, not–for–profit organisation, overseen by a Monitoring Board of public authorities. Its vision of a single set of global financial reporting standards is supported by G20 leaders and other international organisations with responsibility for the global financial system.

The mission of the IFRS Foundation is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world, fostering trust, growth and long–term financial stability. The International Accounting Standards Board is the independent standard–setting body of the IFRS Foundation, made up of experts from diverse professional and geographical backgrounds."IFRS Standards are required by over 140 countries globally.

For detailed information on the organisation's structure, standard–setting and the adoption of IFRS Standards, visit www.ifrs.org.

About the Climate Disclosure Standards Board and CDP

The Climate Disclosure Standards Board (CDSB) is an international consortium of business and environmental NGOs, hosted by CDP. We are committed to advancing and aligning the global mainstream corporate reporting model to equate natural and social capital with financial capital.

We do this by offering companies a framework for reporting environment– and social–related information with the same rigour as financial information. In turn this helps them to provide investors with decision–useful environmental information via the mainstream corporate report, enhancing the efficient allocation of capital. Regulators have also benefited from CDSB's compliance–ready materials.

CDP is a global non–profit that runs the world's environmental disclosure system for companies, cities, states and regions. CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.

About the Value Reporting Foundation

The Value Reporting Foundation is a global nonprofit organization that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value "" how it is created, preserved or eroded over time.

The resources – including Integrated Thinking Principles, the Integrated Reporting Framework, and SASB Standards – are already adopted in over 70 countries. They comprise the 21st century market infrastructure needed to develop, manage and communicate strategy that creates long–term value and drives improved performance. To learn more, visit www.valuereportingfoundation.org.


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