Go Green
All amounts are in United States dollars, unless otherwise stated.
TORONTO, June 13, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce its Company target of a 30% reduction in absolute GHG emissions by 2030 from the 2020/2021 average baseline year. This target includes scope 1 and scope 2 GHG emissions, inclusive of all GHG emissions covered by the Kyoto Protocol1. This is a significant milestone in Alamos’ sustainability journey and considered a credible target2 by definition of the Carbon Disclosure Project (“CDP”).
Alamos is already an industry leader in GHG emission intensity with an average of 0.38 tCO2e per ounce of gold produced across its three operating mines (base year 2020/2021), 43% lower than the mining industry average of 0.67 tCO2e per ounce of gold.
A chart accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/838ec66d-d8d7-4196-9e99-6b9308abadd1
Ref. S&P Global Market Intelligence, ‘Greenhouse gas and gold mines – Emissions intensities unaffected by lockdowns’, https://www.spglobal.com/marketintelligence/en/news-insights/blog/greenhouse-gas-and-gold-mines-emissions-intensities-unaffected-by-lockdowns
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1 Greenhouse gases include carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs), and sulfur hexafluoride (SF6)
2 Covering at least 70% of emissions set between 5-15 years, or have been validated by SBTi (Science Based Targets initiative)
The 30% absolute reduction in GHG emissions will decrease Alamos’ emission intensity by 55%. This includes the development of the Lynn Lake project, which is expected to begin producing within the target period.
As part of the Company’s emission reduction strategy, Alamos developed an Energy and Greenhouse Gas Management Standard in support of its Sustainability Performance Management Framework. This included completing Energy and Carbon Management System assessments at its operating sites to develop a baseline for its existing Energy Management programs. Alamos reviewed and costed over 30 different GHG emission reduction opportunities across the organization and utilized a Marginal Abatement Cost Curve to prioritize the projects that will support the achievement of its emission reduction target.
Options investigated included renewable energy and clean grid capacity, green fleet (hybrid or battery electric vehicles), electrification of process, and conversion to cleaner fuels. Electric conveyance systems were installed during the lower mine expansion at the Young-Davidson Mine reducing the Company’s reliance on diesel consumption and the Company is working to connect to grid power at the Mulatos Mine to offset diesel power generation. The Company is also considering increasing use of biodiesel vs. conventional diesel at all operations, and replacing propane with compressed natural gas for mine-air heaters at underground operations.
The Company’s target to reduce GHG emissions is in support of Canada’s Paris Accord Commitment and the World Gold Council’s (WGC) commitment for members to adopt the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).
Alamos’ GHG emission information can be found within its Annual ESG reports which are available on the Company’s website at www.alamosgold.com. Scope 3 emissions are currently estimated by Alamos and will be considered as part of our reduction strategy in the near future. No offsets are included in emission projection calculations. Alamos is committed to producing a Climate Change report aligned with the TCFD disclosure recommendations, which will outline how the Company intends to achieve its 2030 goal to reduce absolute emissions by 30% from a 2020/2021 average baseline year.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements
This press release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "anticipate", "intend", "estimate", “potential”, “target”, “plan” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved or the negative connotation of such terms.
Such statements in this press release include, but may not be limited to: information as to strategy, plans or future performance such as expected development of and production from the Lynn Lake project and timelines related thereto; intended connection to grid power at the Mulatos Mine to offset diesel power generation; potential increased use of biodiesel instead of conventional diesel at all operations; potential use of compressed natural gas for mine-air heaters at underground operations instead of propane; target reductions in GHG emissions; estimated scope 3 emissions and their intended consideration as part of the Company’s reduction strategy; and the intended production of a Climate Change report aligned with TCFD disclosure recommendations; and all other statements that express management’s expectations or estimates of future plans and performance.
Alamos cautions that forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by the Company at the time of making such statements, are inherently subject to significant business, economic, technical, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information.
Such factors and assumptions underlying the forward-looking statements in this press release include, but are not limited to: operations may be exposed to new diseases, epidemics and/or pandemics, including the effects and potential effects of the ongoing global COVID-19 pandemic; the impact of the ongoing COVID-19 pandemic on the broader market and the trading price of the Company's shares; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for the Company’s operations) in Canada, Mexico, the United States and Turkey; government and the Company’s attempts to reduce the spread of COVID-19 which may affect many aspects of the Company's operations including the ability to transport personnel to and from site, contractor and supply availability and the ability to sell or deliver gold doré bars; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; changes in foreign exchange rates (particularly the Canadian Dollar, Mexican Peso, U.S. Dollar and Turkish Lira); the impact of inflation; changes in the Company's credit rating; any decision to declare a quarterly dividend; employee and community relations; litigation and administrative proceedings; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; delays in permitting; delays in construction decisions and any development of the Lynn Lake project; the risk that the Company’s mines may not perform as planned; uncertainty with the Company’s ability to secure additional capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining necessary licenses and permits, including the necessary licenses, permits, authorizations and/or approvals from the appropriate regulatory authorities for the Company’s development stage and operating assets; labour and contractor availability (and being able to secure the same on favourable terms); contests over title to properties; expropriation or nationalization of property; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; changes in national and local government legislation (including tax and employment legislation), controls or regulations in Canada, Mexico, Turkey, the United States and other jurisdictions in which the Company does or may carry on business in the future; increased costs and risks related to the potential impact of climate change; failure to comply with environmental and health and safety laws and regulations; disruptions in the maintenance or provision of required infrastructure and information technology systems; risk of loss due to sabotage, protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company.
Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release are set out in the Company's latest 40-F/Annual Information Form under the heading “Risk Factors”, which is available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information, risk factors and assumptions found in this press release.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
TORONTO, June 10, 2022 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it issued its third annual Environmental, Social, and Governance (“ESG”) Report providing an overview of the company’s ESG strategies, policies, and commitments, and highlighting the progress made in 2021.
“Our ESG strategies reflect our understanding that the evolving global market has introduced new opportunities for value creation. Our integrated ESG programs help us proactively capitalize on these opportunities, and we will continue to prudently invest in our properties, our team, and the communities in which we operate,” commented Mark Kenney, President and CEO. “Through these strategic alignments, we believe we will generate enhanced returns for our Unitholders while making meaningful contributions to our communities and the environment.”
Highlights of CAPREIT’s 2021 ESG Report include:
- Investing over $20 million in energy efficiency initiatives.
- Achieving an 11% energy consumption reduction and a 10% reduction in GHG emissions since 2010.
- Ranking in the Top Quartile of the Best Employers Program for the 8th consecutive year.
- Continuing to foster a culture of equality, diversity, and inclusion by delivering best-in-class programs for our employees and residents.
- Establishing a formal Compliance & Ethics program enhancing governance practices.
- Developing a new and refined ESG Strategy aligned with Elevation 2023, our core business growth strategy.
Our 2021 ESG Report can be found by visiting the CAPREIT website at www.capreit.ca.
ABOUT CAPREIT
CAPREIT is Canada's largest publicly-traded provider of quality rental housing. CAPREIT currently owns or has interests in approximately 67,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada and the Netherlands with approximately $18 billion of assets under management globally. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosure which can be found under our profile at www.sedar.com.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
All statements in this press release that do not relate to historical facts constitute forward-looking statements. These statements represent CAPREIT's intentions, plans, expectations and beliefs and are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR at www.sedar.com.
For more information, please contact:
| CAPREIT Mr. Mark Kenney President & CEO (416) 861-9404 |
CAPREIT Mr. Stephen Co Interim Chief Financial Officer (416) 306-3009 |
Social Media Startup Seeks to Save the Planet Through Kindness
SAN FRANCISCO, June 10, 2022 (GLOBE NEWSWIRE) -- E2V recently launched the EVE Project, a social media network designed to unite people worldwide to save the planet. The goal of EVE is to persuade people to work together for the betterment of the planet. Members will be able to rate other users based on their good deeds using the network’s Act of Kindness (AoK) rating system.
The EVE project was founded by a team of professionals with a passion for the environment and helping others. The founders want to combat climate disruption, biodiversity decline, human overconsumption and overpopulation. The team hopes to inspire positive change and encourage others to lead more safe, sustainable and honorable lives.
“Nowadays, many people are familiar with ratings. We already rate each other on Facebook, Instagram, Airbnb, Uber, and other platforms,” said Ella Enikeev, CEO of E2V. “On EVE, each person can help construct a guideline for a human rating that is led by the Act of Kindness (AoK). Users will determine and coordinate what good deeds will be acknowledged in the AoK-Rating and encourage others to perform good deeds.”
“User ratings will rise with every good deed you do - for example, planting a tree. Any action that benefits our planet will help raise your AoK-rating,” according to Yuri Lyalin, CFO of E2V.
”We continue to receive more and more warnings from scientists worldwide about the state of our planet. Every hour counts. It is about time to change the relationship of humankind with nature and with each other,” concludes Enikeev.
To learn more about the EVE Project, please visit www.eve2v.com.
| CONTACT Ella Enikeev, CEO COMPANY E2V PHONE 1.877.727.6002 EMAIL contact@eve2v.com WEB www.eve2v.com |
NOT FOR DISTRIBUTION IN THE UNITED STATES.
FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
CALGARY, Alberta, June 09, 2022 (GLOBE NEWSWIRE) -- Alaris Equity Partners Income Trust ("Alaris" or the "Trust") (TSX:AD.UN) is pleased to announce the release of its 2021 Environmental, Social and Governance (“ESG”) Report, which outlines Alaris’ approach to a responsible ESG framework across three key elements: 1) ESG at the Trust Level, 2) ESG in Our Investment Process, and 3) ESG in Our Portfolio.
“ESG is a strategic priority for Alaris, and we are pleased to present this report as part of our commitment to the accountability and transparency on our approach to ESG. Our ESG initiatives align with our culture at the Trust level, differentiate us as a business, and drive value for our unitholders. Through this report, we share our strategy, progress, and ambition in addressing ESG risks and opportunities – both at the Trust level and within our investments,” said Steve King, President and CEO.
Highlights of the 2021 ESG report include:
1.) Enhancing ESG at Alaris: Alaris published its ESG Policy, developed an ESG Questionnaire for investment due diligence and engaged in educational sessions on ESG and ESG Reporting. In addition, by identifying priority ESG factors within its investment portfolio, Alaris provides materiality mapping for its Private Company Partners to help build and strengthen its ESG framework into its investment process.
2.) Governance: Alaris takes its responsibility to its business, unitholders and other stakeholders seriously, and these obligations require robust governance principles and practice. Alaris’ board is actively engaged in the Trust’s approach to managing ESG issues under a governance framework that provides clear oversight and accountability.
3.) Diversity, Equity & Inclusion: Diversity, equity and inclusion is important to Alaris, and is incorporated in various specific aspects of human capital management throughout the Trust, current Private Company Partners and the Community. At Alaris, 42% of the Board of Trustees were women, 38% of the total workforce are women and 27% of all management positions were held by women. In addition, seven out of eighteen (~39%) of Alaris’ Private Company Partners are women/minority-owned businesses.
4.) Community Engagement: Alaris places a high importance on being good corporate citizens to benefit its communities and engage its employees. Alaris has established a community giving program to support the local communities in which it operates. In 2021, over $110,000 were donated to the community through Alaris’ charity programs.
5.) Empowering Employees: Alaris is committed to implementing best practices to recruit, retain, and develop its employees. By investing in the team’s professional development, it ensures and allows that Alaris fosters a strong culture of learning, and that the Trust remains committed to providing excellent professional development opportunities, as outlined in our Professional Development Policy.
6.) Environmental Stewardship: Alaris operates with a sustainable mindset by enhancing the identification and assessment of climate-related risks and opportunities in our business and our investments. The Trust is working continuously to improve its strategies around sustainability.
Within this report, the Trust has introduced and prepared it in accordance with the Sustainability Accounting Standards Board (SASB) Standards. In addition, Alaris has adopted a phased approach to implementing the Task Force on Climate-Related Financial Disclosures (TCFD) recommended guidelines. To view the Alaris 2021 ESG Report, please click here or visit our website at www.alarisequitypartners.com.
For more information please contact:
Investor Relations
P: (403) 260-1457
ir@alarisequity.com
About Alaris:
The Trust, through its subsidiaries, indirectly provides alternative financing to private companies ("Partners") in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position.
BATON ROUGE, La., June 09, 2022 (GLOBE NEWSWIRE) -- Amedisys, Inc. (NASDAQ: AMED), a leading provider of home health, hospice, personal care and high-acuity care, has released its first Environmental, Social and Governance (ESG) Report for the year 2021, detailing actions, achievements and goals in each critical area.
“We are in the early stages of mapping our progress with the goal of being a good corporate citizen and to act responsibly in the way we treat our patients, our employees, our communities and the environment that we all share,” stated President and CEO Chris Gerard. “We wholly embrace our responsibility to advance social and environmental causes for the betterment of our communities and commit to operating with the highest standards of compliance and ethics.”
Amedisys participated in an ESG materiality assessment with independent consultants to identify key topics and areas of opportunity to begin tracking and reporting on key performance indicators for each. A newly formed ESG committee, comprised of executives and senior management, will develop, implement and monitor these initiatives and policies.
Highlights from the report include Amedisys’ commitment to:
- A strong system of independent governance to ensure the Company meets the high standards expected of a leading healthcare company
- Create an open and inclusive place to work, with comprehensive benefits, personal and professional development and high clinical standards
- Ensure a diverse and inclusive workplace free of discrimination and to build capacity and competency to manage it
- Continue outperforming the industry in quality of patient care in all lines of business
- Support our employees and patients through the Amedisys Foundation
- Quantify our environmental impact to develop meaningful strategies to help combat climate change
- Achieve net-zero GHG emissions from our operations no later than 2050
The report has been informed by the guidance of the Value Reporting Foundation’s Sustainability Accounting Standards Board (SASB) and is accessible on Amedisys’ investors site.
| Contact: | |
| Nick Muscato | Kendra Kimmons |
| Amedisys, Inc. | Amedisys, Inc. |
| Investor Relations | Media Relations |
| 615.928.5452 | 225.299.3720 |
| nick.muscato@amedisys.com | Kendra.kimmons@amedisys.com |
About Amedisys:
Amedisys, Inc. is a leading healthcare at home Company delivering personalized home health, hospice, personal care and high-acuity care services. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based personal care; inpatient hospital, palliative, and skilled nursing facility (“SNF”) care in their homes; recovery and rehabilitation after an operation or injury; care focused on empowering them to manage a chronic disease; or hospice care at the end of life. More than 3,000 hospitals and 90,000 physicians nationwide have chosen Amedisys as a partner in post-acute care. Founded in 1982, headquartered in Baton Rouge, LA with an executive office in Nashville, TN, Amedisys is a publicly held company. With approximately 21,000 employees, in 549 care centers in 38 states and the District of Columbia, Amedisys is dedicated to delivering the highest quality of care to the doorsteps of more than 445,000 patients in need every year, performing more than 11.5 million visits annually. For more information about the Company, please visit: www.amedisys.com.
Forward Looking Statements:
This press release contains information regarding our plans, goals, commitments and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a variety of risks and uncertainties, and actual results may differ materially from those described therein, including any failure to meet stated goals and commitments in our ESG framework. These risks and uncertainties include, but are not limited to the following: the impact of the novel coronavirus pandemic (“COVID-19”), including the measures that have been and may be taken by governmental authorities to mitigate it, on our business, financial condition and results of operations; the impact of current and proposed federal, state and local vaccine mandates, including potential staff shortages; changes in or our failure to comply with existing federal and state laws or regulations or the inability to comply with new government regulations on a timely basis; changes in Medicare and other medical payment levels; our ability to open care centers, acquire additional care centers and integrate and operate these care centers effectively; competition in the healthcare industry; changes in the case mix of patients and payment methodologies; changes in estimates and judgments associated with critical accounting policies; our ability to maintain or establish new patient referral sources; our ability to consistently provide high-quality care; our ability to attract and retain qualified personnel; our ability to keep our patients and employees safe; changes in payments and covered services by federal and state governments; future cost containment initiatives undertaken by third-party payors; our access to financing; our ability to meet debt service requirements and comply with covenants in debt agreements; business disruptions due to natural disasters or acts of terrorism, widespread protests or civil unrest; our ability to integrate, manage and keep our information systems secure; our ability to realize the anticipated benefits of acquisitions, investments and joint ventures; and changes in law or developments with respect to any litigation relating to the Company, including various other matters, many of which are beyond our control.
Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on any forward-looking statement as a prediction of future events. We expressly disclaim any obligation or undertaking and we do not intend to release publicly any updates or changes in our expectations concerning the forward-looking statements or any changes in events, conditions or circumstances upon which any forward-looking statement may be based, except as required by law.
Zaandam, the Netherlands, June 9, 2022 – Ahold Delhaize published its second Human Rights Report today, an important milestone for the company. The report focuses on the past two years of progress by Ahold Delhaize and its great local brands on the company’s global Roadmap on Human Rights. In addition, Ahold Delhaize published its updated Position on Human Rights today, which is grounded in the company’s Code of Ethics and outlines its commitment to supporting and respecting human rights in its own operations and supply chains. This updated Position on Human Rights broadens the benchmarks and international standards that guide the company’s approach to human rights. The updated Position also includes additional information on Ahold Delhaize's approach to due diligence and access to remedy.
The Human Rights Report 2022 provides an update on efforts to ensure human rights are respected, both within Ahold Delhaize and the brands and across the supply chains they rely on. Following the global due diligence process finalized in 2020, Ahold Delhaize implemented a methodology to help each of the brands assess the human rights impacts in its own operations and supply chains. In addition to implementing this methodology, each brand or region also conducted a supply chain risk assessment. This report highlights examples of the brands’ great work, such as Albert Heijn recently publishing a report on its approach to human rights due diligence and Ahold Delhaize USA engaging Business for Social Responsibility to conduct a human rights assessment.
In 2020, Ahold Delhaize shared an overview of its salient issues, including six priority issues: i) health & safety, ii) compensation, iii) freedom of association, iv) women's rights, v) forced labor and vi) discrimination & harassment. Another issue the brands consistently prioritize is child labor. The present report includes 27 case studies that highlight relevant programs and partnerships on each of the salient issues, including Alfa Beta’s SHARE Equality label, Food Lion Feeds and the partnership between Albert Heijn, Delhaize Belgium and IDH The Sustainable Trade Initiative in the Sustainability Initiative Fruit and Vegetables.
The Human Rights Report 2022 also gives an update on Ahold Delhaize’s global governance of human rights and progress on key programs in its own operations, including the diversity and inclusion aspiration to achieve 100% gender balance at all levels, to be 100% reflective of the markets the brands serve, and to strive for 100% inclusion. The report shares how the company provides access to remedy through Speak Up lines and engages with stakeholders through its associate engagement survey and relevant partnerships.
Frans Muller, President and CEO of Ahold Delhaize said, “We believe that it is our responsibility to respect human rights. By stepping up on our commitments, we aim to contribute to a more equitable society that also recognizes and respects human rights. Over the past two years, our brands have made significant progress on our Roadmap on Human Rights. The brands are the driving force of our business and the case studies in this report demonstrate their dedication to advancing our efforts on topics such as diversity and inclusion, health, sustainability and human rights. As we progress, we will continue to learn and grow so that we can make meaningful contributions to human rights in our brands’ operations, supply chains and communities.”
More work needs to be done, and the implementation of the Roadmap is a process of continuous improvement. Ahold Delhaize will continue to demonstrate progress on its Roadmap and report publicly and transparently on its human rights commitments to external stakeholders and against relevant benchmarks in its annual reports.
The next steps on our Roadmap on Human Rights
More information on the report and the updated Position on Human Rights can be found here. The Ahold Delhaize team welcomes feedback and input on this Report and its Roadmap. Please send any comments or questions to: ethics@aholddelhaize.com.
- Ends -
Cautionary notice
This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words such as progress, commitment(s), supporting, respecting, broadens, approach, efforts, ensure, assessment, priority, consistently, prioritize, update, to be, strive for, to, believe, stepping up, aim to, are, advancing, continue, learn, grow, so that, meaningful, contributions, needs to be, implementation, process, continuous, improvement, will, demonstrate, report, relevant, next steps, incorporate, upcoming, review, embed, engage, implement, develop, monitor, along and way, or other similar words or expressions, are typically used to identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.
For more information
- Press office: +31 88 6595134 / media.relations@aholddelhaize.com
- Investor relations: +31 88 659 5213
- Social media: Instagram: @Ahold-Delhaize | LinkedIn: @Ahold-Delhaize | Twitter: @AholdDelhaize
About Ahold Delhaize
Ahold Delhaize is one of the world’s largest food retail groups and a leader in both supermarkets and e-commerce. Its family of great local brands serves 55 million customers each week, both in stores and online, in the United States, Europe, and Indonesia. Together, these brands employ more than 413,000 associates in 7,452 grocery and specialty stores and include the top online retailer in the Benelux and the leading online grocers in the Benelux and the United States. Ahold Delhaize brands are at the forefront of sustainable retailing, sourcing responsibly, supporting local communities and helping customers make healthier choices. The company’s focus on four growth drivers – drive omnichannel growth, elevate healthy and sustainable, cultivate best talent and strengthen operational excellence – is helping to fulfil its purpose, achieve its vision and prepare its brands and businesses for tomorrow. Headquartered in Zaandam, the Netherlands, Ahold Delhaize is listed on the Euronext Amsterdam and Brussels stock exchanges (ticker: AD) and its American Depositary Receipts are traded on the over-the-counter market in the U.S. and quoted on the OTCQX International marketplace (ticker: ADRNY). For more information, please visit: www.aholddelhaize.com.
HOUSTON, June 09, 2022 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has issued its 2021 Environmental, Social and Governance (“ESG”) report, which is now available on VAALCO’s web site, www.vaalco.com, under the “Sustainability” tab.
The report covers VAALCO’s ESG initiatives and related key performance indicators for the three-year period 2019 through 2021. In the preparation of the qualitative and quantitative information and data, the Company continued to consult the Sustainability Accounting Standards Board’s (“SASB”) Oil and Gas Exploration and Production Sustainability Accounting Standard, and this year took a more meaningful dive into the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”).
Commenting on its release, Chief Executive Officer George Maxwell said, “We continue to place great emphasis on capturing, monitoring, analyzing and ultimately presenting our ESG performance with our stakeholders. I am pleased to present VAALCO’s 2021 Annual ESG Report.
“In what has been a busy year for the team, the continued progress that we are making across all aspects of our operating and social performance is very positive.
“Importantly, as we grow and in step with our commitment to defining a clear emissions reduction strategy, we continue to acquire new competencies into our team. The appointment of an ESG Process Engineer, who has extensive oil and gas experience, will enable the Company to take a very pragmatic look at our operating base to design a suitable decarbonization pathway. I look forward to providing further updates in due course.”
About VAALCO
VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.
The Company is an established operator within the region, holding a 63.6% participating interest in the Etame Marin block, located offshore Gabon, which to date has produced over 126 million barrels of crude oil and of which the Company is the operator.
For Further Information
| VAALCO Energy, Inc. (General and Investor Enquiries) | +00 1 713 623 0801 |
| Website: | www.vaalco.com |
| Al Petrie Advisors (US Investor Relations) | +00 1 713 543 3422 |
| Al Petrie / Chris Delange | |
| Buchanan (UK Financial PR) | +44 (0) 207 466 5000 |
| Ben Romney / Jon Krinks / Chris Judd (ESG) | VAALCO@buchanan.uk.com |
Forward Looking Statements
This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the impact of the COVID-19 pandemic, including the sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, its ability to restore production in non-producing wells, our ability to find a replacement for the FPSO or to renew the FPSO charter, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future and pending acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes.
Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Inside Information
This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR.
