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CNH Industrial Maintains Its Top Position in the Dow Jones Sustainability Indices

CNH Industrial

The Company obtained the highest score, 88/100, in the 2021 S&P Global Corporate Sustainability Assessment (Score date: Nov 12, 2021). CNH Industrial (NYSE: CNHI /MI: CNHI) has been included for the 11th consecutive year in the Dow Jones Sustainability Indices (DJSI) World and Europe. As of November 12, 2021, CNH Industrial achieved the highest score (88/100) out of 126 companies assessed in the Machinery and Electrical Equipment Industry in the S&P Global Corporate Sustainability Assessment. The DJSI World and DJSI Europe Indices are among the most prestigious sustainability-focused equity indices. Inclusion is reserved exclusively for companies judged as exemplary in terms of their environmental, social and governance (ESG) performance.  “We are extremely proud to be confirmed as a top scorer in the DJSI Indices for the 11th time. Our commitment to sustainability is unwavering and this exceptional achievement directly reflects how everyone in CNH Industrial strives to make the Company, and our world, a better place. This is yet another key milestone on our journey to ESG excellence,” said Scott Wine, Chief Executive Officer, CNH Industrial. In April of this year, CNH Industrial released its  2020 Sustainability Report  along with the magazine,  A Sustainable Year,  a publication for general audiences. Additional information on Sustainability at CNH Industrial:   cnhindustrial.com/sustainability/ The 2020 Sustainability Report:  CNH Industrial Sustainability Report 2020 A Sustainable Year:  CNH Industrial A Sustainable Year 2020 View additional multimedia and more ESG storytelling from CNH Industrial on 3blmedia.com

November 26, 2021 04:01 PM Eastern Standard Time

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Three Things We Have Learned About Homelessness

Cisco Systems Inc.

The statistics on homelessness are hard to ignore. More than 20 percent of the world’s population – 1.6 billion people – lack adequate housing. In the United States, more than a half million people are experiencing homelessness on any given night. These numbers have undoubtedly grown as the pandemic has caused people to lose jobs, salary, and the ability to pay their mortgage or rent. I’ve spent much of my career focused on programs designed to alleviate poverty and give people better access to financial services and basic human needs. I thought I knew a lot about homelessness and how the lack of adequate housing is detrimental to people, families, and communities. But when Cisco entered a five-year, $50 million USD  partnership with Destination: Home  in 2018 to address homelessness in Santa Clara County, home of our corporate headquarters, I quickly learned that homelessness is a complex issue that requires strong collaborations, empathy, and creativity. This week is Homelessness and Hunger Awareness Week in the United States, which makes it the perfect opportunity to share what we have learned by working on this issue so closely. 1. We cannot end homelessness without understanding what causes it Many people believe that mental illness and substance abuse are the main reasons people become homeless. While these can be factors, they are not the majority. In fact, only 36 percent of the homeless population report experiencing severe mental illness or chronic substance abuse, according to the  U.S. Department of Housing and Urban Development. A bigger problem is the lack of affordable housing available for extremely low-income people—those earning 30 percent or less of the local median income. This is compounded by economic inequality. Over the last several decades, low-income wages have been stagnant; combined with skyrocketing housing costs, this leaves many families living paycheck to paycheck with few affordable housing options. According to the National Alliance to End Homelessness, 6.5 million Americans experienced severe housing cost burden in 2018, which means they spent more than 50 percent of their income on housing. These challenges are felt more disproportionately by people of color. Due to a persistent wealth gap, lack of economic opportunity, disparities in incarceration rates, and a legacy of structural racism, Black people account for 39.8 percent of the homeless population in the United States, while comprising only 13.4 percent of the total population. 2. The solution to homelessness is a home As noted above, lack of affordable housing and low wages are forcing many people into homelessness. Therefore, we must develop more housing for our fellow citizens who earn the least or are particularly vulnerable, such as senior citizens and people with disabilities. Also, people need a place to live before they can effectively focus on matters like getting a job, improving their financial situation, obtaining mental health counseling, or addressing substance use or other medical issues. Supportive housing is a proven strategy for ending homelessness by combining an affordable home with support services for individuals. This approach is being used increasingly with positive results in the United States. For example,  one study  showed that such an initiative could cost up to $23,000 less per person per year than a shelter program. Creating more permanent housing for extremely low-income people can move communities from just managing homelessness to ending it. But this type of housing is costly to build and often faces significant public opposition. We can all help by learning more and talking with each other and our elected officials about the urgent need for permanent supportive housing. 3. Public-private partnerships are key Cisco contributed $50 million USD to address homelessness in Santa Clara County. That may sound like a lot of money, but in reality, absent any strategy or partnerships, that $50 million would have built only about 20 new housing units for extremely low-income people in Silicon Valley. That is hardly enough to make a meaningful impact for the nearly 10,000 people who were experiencing homelessness in our community before the pandemic – and the many more who have likely become homeless since it began. Trying to tackle a problem like homelessness in a silo will not get even the most well-meaning corporate donor very far. Philanthropic giving comprises less than 10 percent of funding for social safety net services in the United States; the vast majority of funding for vulnerable residents comes from the government. At the same time, private capital can often move faster and be applied more flexibly than government funds. Partnering with the public sector in a strategic and meaningful way, where each stakeholder brings their respective strengths and resources to bear, is the most effective way to have an impact at a systemic level. Santa Clara County is a great example, because voters had already passed an affordable housing bond ( Measure A ) that designated $700 million specifically for extremely low-income residents. Our investment has been made more meaningful because we were able to leverage the Measure A funding and partner with government agencies and a nonprofit that were collectively committed to addressing homelessness. The political will and public funding was absolutely critical – and Destination: Home brought that all together. Here are some examples of how Destination: Home and its partners have parlayed our $50 million donation into more meaningful investments with longer-term impact: Acquiring and planning for 20 new deeply affordable and supportive housing developments, which will produce almost 2,000 new homes Capacity building for six non-profit affordable housing developers to expand their future housing pipelines by at least 1,600 new units in the next three years Expanding capacity of the countywide Homelessness Prevention System to serve 1,500 households annually and add services for victims of domestic violence If you are concerned about homelessness in your community, you are not alone. While the conditions that exist in Santa Clara County may not exist in every county throughout the United States, every community has a genuine interest in ending homelessness. While the problem may seem daunting, I believe it is possible to solve if we all work together. To get started, check out our new e-book, a Practical Guide: Working Together to End Homelessness. You can read more about what we’ve learned in Santa Clara County, and get ideas for how you can make a difference in your own communities. E-book:  https://www.cisco.com/c/dam/en_us/about/csr/reports/destinationhome-practicalguide-ebook.pdf Infographic:  https://www.cisco.com/c/dam/en_us/about/csr/reports/destinationhome-practicalguide-infographic.pdf View additional multimedia and more ESG storytelling from Cisco Systems Inc. on 3blmedia.com

November 26, 2021 09:16 AM Eastern Standard Time

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Five Ways to Make Black Friday Greener

Acre

Now that the final crumbs of turkey and pumpkin pie have been consumed, the busiest sales day of the year is about to descend on us once again. The thrill of a bargain is sometimes hard to resist on Black Friday (Nov 26th) when you can save a decent amount of money by buying reduced items.  While the world has been on the edge of a precipice and pandemic lockdowns around the world forced many shops to close last year, consumers stayed safely at home and embarked on some serious armchair shopping instead.  This year the shops are open, however, we are constantly reminded not to make unnecessary purchases, to prevent more items heading for landfill. The message is confusing so the best solution is to strike a balance so that you can green-up Black Friday, support the economy but feel less guilty about the impact on the planet.  We’ve looked at five ways you can enjoy Black Friday and still be environmentally aware. ​  1. Take your own carrier bags Don’t get so focussed on the bargains that you forget to take your own bags, or you’re adding to the plastic pollution crisis before you even enter the stores.   According to the Center for Biological Diversity, Americans use 100 billion plastic bags per year, which uses 12 million barrels of oil to manufacture.  Narrowed down, an average of 365 plastic bags are used by each American every year, compared to people in Denmark who each use an average of four plastic bags per year.   Around 730,000 tons of plastic bags, sacks and wraps were generated in the States in 2015, but more than 87 percent of those items are never recycled, instead destined to end up in landfills and the ocean. The effect plastic pollution has on marine life is devastating. Sea turtles can’t distinguish between jellyfish and plastic shopping bags in the water and are dying as a result. All because we can’t remember to reuse our own bags when shopping. ​ 2. Only buy what you truly need So, a pair of must-have jeans caught your eye. The original price is way over budget but now they’ve been slashed for Black Friday, you are already visualising them in the closet. However, one way to be greener on this retail day is to be fully transparent and ask yourself whether you would have bought those jeans at the reduced price, had you not seen the original price and saving.  According to EthicalHour, one in 10 people don’t use their Black Friday purchases which demonstrates how the sales day can entice us, perhaps even pressurize us, into thinking we needallthe bargains. It’s the fear of missing out (FOMO) effect but panic buying often leads to ill-thought-out purchases that will never be worn and the planet will just continue to drown in excess material unless we control what we buy.  ​ 3. Walk to the shops or use public transport Driving to indulge in Black Friday deals will bump up those CO2 emissions that the world is trying to banish so travel wisely.  Walking to the shops, cycling or commuting by train are the best options in terms of lowering your carbon footprint and you’ll avoid the parking lot chaos too.  And if you insist on driving, at least take people with you to make the journey worthwhile. ​ 4. Prioritise products that will benefit the environment Keep your eyes peeled for sustainable brands and retailers and make every purchase count. Disregard the Xbox and the latest mobile in favour of something practical and better for the planet. And if that’s something as simple as a bamboo toothbrush, great. Bamboo toothbrushes are biodegradable, minus the bristles (which you can cut off/pull out and put in the bin), then use the handles in your garden to label plants.  All the plastic toothbrushes you’ve used in your lifetime are still out there somewhere languishing in landfill so this is a Black Friday purchase you won’t regret.  Other options to consider looking out for include wooden kitchen utensils, beeswax food wrapping paper (so you can stop buying cling film), plastic-free wrapped tea or why not splash out on a bike? Then you can cycle to next year’s Black Friday deals. ​ 5. Spend your money wisely Black Friday isn’t an excuse to go mad. Why not invest in something you’ll never regret – in the form of a charity donation?  Communities flourished and grew stronger, supporting one another as Covid-19 tore across the world and changed our lives in the blink of an eye.  Donating money to those who need essentials more than you need the latest jacket will continue to bolster the community spirit and perhaps influence others to do the same.  It can be as simple as donating to a local food bank or seeking out sustainable businesses that donate a chunk of their Black Friday proceeds to charities. Last year Adventurist Backpack Co provided 50 meals to families in need for each bag purchased on Black Friday through to December 1st. ​ How will you be spending Black Friday? In fact, View additional multimedia and more ESG storytelling from Acre on 3blmedia.com

November 26, 2021 08:31 AM Eastern Standard Time

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St-Georges & EVSX to Produce Hydrogen

St-Georges Eco-Mining Corp.

Montréal – TheNewswire - November 26, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) is pleased to announce that it has, along with EVSX, its battery recycling subsidiary, entered into a binding term sheet with Wintech Energy Co ltd of Seoul, South Korea and ZeeOne Corporation from Canada. The executed agreement covers technological development and licensing for the production of what is referred to as the greenest hydrogen on the market. The parties agreed to put in place, on or around February 5, 2022, a series of long form agreements that will cover technological licensing, operations, the set-up of a pilot plant, and further research & development.  EVSX has negotiated the acquisition of an exclusive license for Nevada, Iceland, Québec, and Ontario and a limited exclusivity for mining and natural resources for Canada.  St-Georges is a co-signatory and beneficiary of the agreement. St-Georges’ management expects to be able to deploy multiple hydrogen production units within its proposed future battery recycling and fertilizer plants.  Excess production could be used within St-Georges’ other verticals like the production of lithium from spodumene or eventually the treatment of nickel ores, as well as being sold on the market. The partners agreed to evaluate the deployment of an initial pilot plant in 2022 in the region around Saint-Hyacinthe in Québec. The pilot plant is expected to produce synthetic or bio-gas mainly from agricultural waste.  Further tests should confirm the possibility of using EVSX’s remaining battery waste to produce the hydrogen at a commercial level. Wintech’s microwave plasma technology produces hydrogen using methane without any carbon emissions.  Battery-grade carbon is, in fact, a by-product of its operation, which makes its usage truly carbon negative. Jung Cheol Park, CEO of South Korea’s Wintech Energy, commented: " Our microwave plasma technology, a collaboration between the Korean National Fusion Research Research Institute (NFRI), the Korea Institute of Energy Research (KIER), Kwangwoon University, Wintech Energy and the Ministry of Trade, Industry and Energy (MOTIE), is a highly efficient way to convert residues into hydrogen. We are currently optimizing our technology for 100% green hydrogen production, which means zero greenhouse gas emissions, high energy efficiency and not requiring the use of fresh water. " Other Developments Aluminium EVSX has entered into a confidential agreement with two aluminium producers. The agreement establishes a right of first refusal to buy all the recycled aluminium from EVSX’s proposed battery recycling operations in Baie-Comeau.  It also establishes the terms of collaboration between the parties that involves access to the partners’ aluminium testing facilities.  Management also expects to provide alumina for quality testing when available. Pilot Plant The Company has received its precipitation units and expects to complete its configuration in December at the CIMMS contracted pilot-plant facilities. These will allow for the pilot operation of a full processing circuit for material requiring further front-end concentration. Flow Through Share Offering Financing St-Georges has received interest for all of its $5.5 million share offering financing announced on November 11, 2021.  The Company expects to close in or around the end of next week when all documentation is expected to be completed. ON BEHALF OF THE BOARD OF DIRECTORS “Frank Dumas” FRANK DUMAS        COO & Director. About St-Georges Eco-Mining Corp. St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on Quebec's North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

November 26, 2021 08:15 AM Eastern Standard Time

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Apex Resources Announces Revocation of Cease Trade Order

Apex Resources Inc.

Vancouver, B ritish Columbia – TheNewswire - November 25, 2021 – Apex Resources Inc. ( TSXV:APX )  (“ Apex ” or the “ Company ”) announces that the cease trade order (the “ CTO ”) issued by the British Columbia Securities Commission (the “ BCSC ”) on November 19, 2020 has been revoked. The CTO was issued by the BCSC as a result of the failure to file the required technical reports (the “ Technical Reports ”) under section 4.2(1)(j)(ii) of National Instrument 43-101 Standards for Disclosure for Material Projects for its Jersey-Emerald property (the “ Jersey-Emerald Property ”) and its Kena-Daylight property (the “ Kena-Daylight Property ”). The Company filed on SEDAR the Technical Report for its Kena-Daylight Property and July 23, 2021 and Technical Report for its Jersey-Emerald Property on September 14, 2021. As a result of the CTO, the Company's common shares were suspended from trading on the TSX Venture Exchange on November 19, 2020.  Following the revocation of the CTO, the Company's suspension of its common shares will be lifted and trading will resume on the TSX Venture Exchange following the dissemination of this news release. About Apex Resources Inc. Apex is primarily a Canadian gold exploration and development company focused on British Columbia and the Yukon Territory.  Apex has a portfolio of quality properties including:  The Jersey-Emerald tungsten-zinc property in southern BC.    The Ore Hill gold property in southern BC.   Apex management has a track record of mine discovery that includes the discovery and development of the renowned Hemlo Gold Mine in Ontario and the Mengapur copper-gold-molybdenum porphyry deposit (225Mt @ 0.59% Cu equivalent) in Malaysia now under development by Monument Mining Ltd. For further information on the Company's projects, visit www.apxresources.com. Arthur G. Troup, P.Eng., Geological President and CEO For further information please contact: Marc Lee, Investor and Corporate Communications Tel: (604) 628-0519 Fax: (604) 628-0446 Email: mlee@apxresources.com or info@apxresources.com This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expects are forward-looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Apex, investors should review Apex's filings that are available at www.sedar.com or Apex's website at www.apxresources.com.

November 25, 2021 09:02 AM Eastern Standard Time

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Global Citizen and the Ford Foundation Launch Partnership to Combat Gender-Based Violence in Nigeria

Global Citizen

Nigeria, Lagos, November 25, 2021 /3BL Media/ - To mark the start of today’s annual United Nations 16 Days of Activism campaign, the international advocacy organisation, Global Citizen announced a year-long partnership to combat the increase against gender-based violence in Nigeria, with the Ford Foundation, a private foundation seeking to reduce poverty and injustice. The partnership will address the social, and economic, factors which have contributed to an environment where gender-based violence is now fast on the rise.  The multi-pronged 12-month campaign will leverage both organisations collective resources, by mobilizing stakeholder engagement to scale up interventions and drive impact in dismantling negative social norms through funding, innovative multi-stakeholder coordination, grassroots engagement and male allyship.  In communities across Nigeria and the world, COVID-19 has exacerbated cases of gender-based violence and injustice, creating a “shadow pandemic”. A survey of twenty-four Nigerian States, conducted from March-April 2020, revealed that the total number of reported gender-based violence incidents more than doubled from 346 cases to 794 cases in just the first two weeks of lockdown.  This trend has highlighted a much wider problem - gender-based violence is on the rise, with the increase hard to quantify as the majority of cases go unreported. New forms of violence have also developed throughout Nigeria, including recent reports of women being maltreated by law enforcement agents, especially at checkpoints within the country. By mobilizing advocacy against these crimes and by driving awareness for female empowerment and financial inclusion, particularly in the context of unpaid care and domestic work, the partnership will aim to eliminate the rising numbers of gender-based violence in Nigeria. Stories from Nigeria’s feminist movement will also be amplifed as part of the campaign, by raising awareness around the issue of gender-based violence through the work of the Stand to End Rape Initiative (STER) - launched by Oluwaseun Ayodeji Osowobi, the Global Citizen Prize 2020 Nigeria Hero winner, working together with other local activisits.  Beyond financial and on-the-ground commitments, Global Citizen and the Ford Foundation are encouraging global citizens to take action and lend their support calling for strengthening gender-based violence laws, including signing a petition for the adoption of the Violence Against Persons Prohibition Bill (VAPP) and holding the national and local governments accountable for full implementation and resourcing of the bill.  -Ends- ABOUT GLOBAL CITIZEN Global Citizen is the world's largest movement of action takers and impact makers dedicated to ending extreme poverty by 2030. With over 10 million monthly advocates, our voices have the power to drive lasting change around sustainability, equality, and humanity. We post, tweet, message, vote, sign, and call to inspire those who can make things happen to act — government leaders, businesses, philanthropists, artists, and citizens — together improving lives. By downloading our app, Global Citizens learn about the systemic causes of extreme poverty, take action on those issues, and earn rewards with tickets to concerts, events, and experiences all over the world. For more information, visit GlobalCitizen.org. ABOUT THE FORD FOUNDATION The Ford Foundation is an American private foundation seeking to reduce poverty and injustice, strengthen democratic values, promote international cooperation, and advance human achievement. To learn more about the Foundation’s mission, please visit here. For press inquiries please contact: Global Citizen Public Relations media@globalpoveryproject.com View additional multimedia and more ESG storytelling from Global Citizen on 3blmedia.com

November 25, 2021 08:16 AM Eastern Standard Time

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The Launch of the 2021 Taiwan Open of Surfing in Jinzun and Shanyuan, Taitung

Taitung County Government

TAITUNG, TAIWAN - Media OutReach - 25 November 2021 - Taitung has hosted the Taiwan Open of Surfing, the largest of its kind in Taiwan, in Jinzun, Taitung County for 11 consecutive years. This year’s event kicked off on November 20. Due to the pandemic, the event will only feature domestic competitions. Nevertheless, the Taitung County Government has continued to collaborate with the World Surf League (WSL) to obtain WSL authorization to host high-level domestic competition. In addition, running the Taitung Challenge as a Specialty Event has made Taiwan the only country in APEC (Asia-Pacific Economic Cooperation) to put on a surfing competition in 2021. Running the Taitung Challenge as a Specialty Event has made Taiwan the only country in APEC to put on a surfing competition in 2021. For the first time ever, the Taiwan Open of Surfing will also host events at Shanyuan Bay this year. The East Wave Festival will utilize a dual-venue structure to launch 10 large-scale themed events such as the Large Kite Expo, Seaside Starry Night Movie Theater and Taiwan SUP Speed Challenge. These events will take surfing to the next level and change your preconceptions about the ocean. Additionally, Yang Chin-yuan, professor at Taipei National University of the Arts, has built the world’s only Stewart Surfing Platform. This device creates a lifelike simulation of real waves that allows people to enjoy the fun thrill of surfing indoors. Taitung County Magistrate April Yao stated that Taitung’s 176 kilometer coastline, the longest in Taiwan, is a great place for developing water sports events such as surfing, kite surfing and SUP. In the future, Taitung will continue to utilize its geographic advantages to turn the east coast into a gateway for aquatic recreation on the Pacific Ocean. Taitung is also home to many Austronesian languages and has a vibrant maritime culture. The County hopes that competitors and visitors can do more than merely participate in an event when they come to Taitung. The Taiwan Open of Surfing is also a chance to get to know Taitung, a diverse maritime city, and experience the charm of the slow economy. For more details, go to the 2021 Taiwan Open of Surfing official webpage and Facebook page. Website: https://www.taiwanopenofsurfing.org/ Facebook page for the Taiwan Open of Surfing https://www.facebook.com/taiwanopenofsurfing Instagram: taiwanopenofsurf https://instagram.com/taiwanopenofsurf?utm_medium=copy_link WSL webpage: https://www.worldsurfleague.com/events/2021/spec/3827/taiwan-open-of-surfing Contact Details Liu Chi-peng v009@taitung.gov.tw

November 25, 2021 08:00 AM Eastern Standard Time

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Freeport-McMoRan Publishes Climate Report and Announces Net Zero Aspiration

Freeport-McMoRan

Freeport-McMoRan (FCX) released their updated Climate Report which details the work underway across its global business to reduce greenhouse gas (GHG) emissions, improve energy efficiency, advance the use of renewable energy and understand and enhance the company’s resilience to future climate-related risks. The updated Climate Report also reflects the company’s continued progress towards alignment with the current recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). As both a major consumer of energy, and as one of the world’s largest producers of the copper essential to enable the global energy transition, FCX aspires to participate in, and positively contribute to, a 2050 net zero economy. FCX acknowledges that its path to net zero carbon emissions will require industry-wide new technological solutions and innovation. FCX embraces these challenges and are focused on achieving meaningful progress through their internal efforts and through collaboration with industry partners. FCX is actively involved in various industry initiatives that are focused on climate, including the International Council on Mining and Metals and the International Copper Association. In addition, FCX is a patron supporter of the Charge on Innovation Challenge, a new global industry initiative aimed at developing effective solutions for large-scale haul truck electrification systems. To learn more about FCX’s climate strategy and progress, please read Freeport-McMoRan’s 2020 Climate Report. View additional multimedia and more ESG storytelling from Freeport-McMoRan on 3blmedia.com

November 25, 2021 06:46 AM Eastern Standard Time

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A second significant deal for Nofar Energy in Poland’s renewable energy market

Ivri PR

In line with its strategic plan and following its entry into Poland’s renewable energy market, Nofar Energy (NOFR) today announced a second significant deal in Poland. Nofar reported it had purchased a portfolio of solar projects with a total capacity of 185 megawatts. Earlier this week, the company said it had signed an agreement with Electrum SP. Z O.O, a leading player in Poland’s renewable energy market. Under the contract, the two companies will jointly own a corporation devoted to initiating, developing, managing, and maintaining photo-voltaic (PV) and wind energy projects in Poland with a capacity of up to 1,250 megawatts. The expansion of Nofar’s operations in Poland adds to the projects, companies, and development platforms that Nofar already owns in the USA, Spain, Romania, Italy, and Israel. Under the new deal, Nofar Europe (90%) inked an agreement to buy a portfolio of solar projects in Poland with a total capacity of 185 megawatts, which are in different stages of construction and development. The projects are acquired from Paged Real Estate, which will develop them until RTB. The company plans to connect the projects to the power grid in 2023-2024. The portfolio comprises 14 projects with capacities ranging from 1 to 68 megawatts. The projected construction cost of all the projects in the portfolio is € 96.6 million, and their projected annual revenues are estimated at € 11.7 million with a yearly EBITDA of approx. € 7.8 million. Nadav Tenne, CEO of Nofar Energy, said, “the current deal and the partnership with Electrum, which we announced earlier, adds to Nofar’s development momentum in the USA, Italy, Romania, Spain, and Israel. Anchored in the global organizational infrastructure that we built over the past year, including initiation, development, funding, construction, and management in the said markets. Nofar’s unique business model, organizational scheme, and global presence allow it to develop additional growth platforms in profitable growth. At the same time, the company invests in its current operations to ensure continued rapid growth.” Poland’s renewable energy market In February 2021, the Polish government adopted the Polish Energy Policy for 2040 (PEP2040). The policy stipulates that by 2030, coal-based electricity will be reduced from 66% to 56%, CO 2 emissions will be reduced by 30%, and the rate of renewable energies in power generation will increase from 13% to at least 23%. These milestones will be implemented concurrently with constructing marine power generation facilities and increased power generation from nuclear energy. Furthermore, the Polish government has also undertaken to shut down all the coal mines in the country by 2049. Poland’s renewable energy market is projected to grow substantially over the next few years, among others, to comply with the policy objectives. An independent consulting company estimated that 11.3 gigawatts of new power generation projects from renewable sources (solar and wind) will be built by 2025. By 2030, the capacity would increase by 25.7 gigawatts compared with today’s power. Of this capacity, 10.3 gigawatts will be generated from solar plants, 9.4 from land-based wind energy facilities, and the balance from wind energy facilities located in the sea. Thus, by 2025, electricity from renewable sources is expected to account for 21% and 42% by 2030, compared with 13% in 2021. Contact Details nofar-energy Dikla Ivri Pardnoy +972 52-380-4085 Dikla@ivripr.com Company Website https://www.nofar-energy.com/

November 25, 2021 01:55 AM Eastern Standard Time

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