SFS

SFS commits to the “Science Based Targets initiative”

Retrieved on: 
Wednesday, April 10, 2024
Geography, SFS, Science Based Targets initiative, Targets, SFS Group, Science

As part of its decarbonization strategy on the way to net zero, SFS is committing to the “Science Based Targets initiative” (SBTi) as a way of supporting the Paris Climate Agreement that seeks to limit global warming to 1.5°C.

Key Points: 
  • As part of its decarbonization strategy on the way to net zero, SFS is committing to the “Science Based Targets initiative” (SBTi) as a way of supporting the Paris Climate Agreement that seeks to limit global warming to 1.5°C.
  • Over the next two years, SFS Group will further develop its climate strategy and adapt existing goals to the science based criteria under the SBTi.

SFS supports Solvatten in its mission to provide access to clean water for all

Retrieved on: 
Wednesday, April 10, 2024
Partnership, World Water Day, Corrosion, SFS, Longevity, SFS Group

On the occasion of today’s World Water Day, SFS Group announces its new strategic partnership with Solvatten.

Key Points: 
  • On the occasion of today’s World Water Day, SFS Group announces its new strategic partnership with Solvatten.
  • The Swedish company develops and manufactures environmentally friendly water cannisters for people with restricted access to clean and warm water.
  • The fasteners in the portable cannisters have to meet high standards in terms of longevity and resistance to corrosion.
  • SFS optimized these fasteners and provides them to Solvatten, along with an annual financial contribution.

SFS receives top result at the Swiss Employer Awards

Retrieved on: 
Wednesday, March 13, 2024
SFS

SFS won fourth place at the 2024 Swiss Employer Awards in the category “Large Companies with +1,000 employees” and has been awarded the seal of quality.

Key Points: 
  • SFS won fourth place at the 2024 Swiss Employer Awards in the category “Large Companies with +1,000 employees” and has been awarded the seal of quality.
  • The company is pleased with the good result it achieved once again in Switzerland’s largest employee survey, and views it as a success.
  • At the same time, SFS intends to undertake a focused analysis of the valuable insights gained to further develop the company.

GreyOrange Recognized in the 2023 Gartner® Market Guide for Retail Store Inventory Management Applications

Retrieved on: 
Friday, March 8, 2024
SFS, Intelligence, Research, SIM, Investment, Internet of things, Entrepreneurship, RFID, Automation, Workforce, Publication, Online shopping

ATLANTA, March 08, 2024 (GLOBE NEWSWIRE) -- GreyOrange Inc ., a leader in AI-driven fulfillment automation, is honored to be recognized as a Representative Vendor in Gartner® Market Guide for Retail Store Inventory Management Applications, 2023 by analyst Sandeep Unni.

Key Points: 
  • ATLANTA, March 08, 2024 (GLOBE NEWSWIRE) -- GreyOrange Inc ., a leader in AI-driven fulfillment automation, is honored to be recognized as a Representative Vendor in Gartner® Market Guide for Retail Store Inventory Management Applications, 2023 by analyst Sandeep Unni.
  • "We are honored by our recognition in the Gartner Market Guide for Retail Store Inventory Management Applications, in which we see validation for our work in assisting retailers with increased omnichannel inventory management by leveraging real-time data,” said Akash Gupta, Co-Founder and CEO of GreyOrange.
  • Download the Market Guide for Retail Store Inventory Management Applications, compliments of GreyOrange, by visiting https://bit.ly/3V9siLH .
  • Gartner “Market Guide for Retail Store Inventory Management Applications” Sandeep Unni; 6 November 2023.

NEAR EAST FOUNDATION LAUNCHES SIRAJ FINANCIAL SERVICES TO EXPAND MICRO AND SMALL ENTERPRISE FINANCING IN NORTHERN SYRIA

Retrieved on: 
Friday, February 16, 2024
Siraj, United, Woman, SFS, Multimedia, RCF, Mentorship, Growth, NBFI, Hope, Gravity battery, Climate change, SRTF, International development, NEF, USAID, Agriculture, Food security

BRUSSELS, Feb. 16, 2024 /PRNewswire/ -- Near East Foundation (NEF) today announced the establishment of Siraj Financial Services (SFS), a new social enterprise operating in Northern Syria.

Key Points: 
  • BRUSSELS, Feb. 16, 2024 /PRNewswire/ -- Near East Foundation (NEF) today announced the establishment of Siraj Financial Services (SFS), a new social enterprise operating in Northern Syria.
  • Near East Foundation announces the establishment of a new social enterprise operating in Northern Syria.
  • SFS, operating as a non-banking financial institution (NBFI), will upscale and commercialize NEF's successful micro and small enterprise (MSE) financing program, which has been operating in the region since 2021.
  • To date, Siraj Financial Services has dispersed 3,500 loans totaling $4 million to Syrian MSEs.

Fairfax India Completes Acquisition of an Additional 7% Interest in Bangalore International Airport Limited

Retrieved on: 
Tuesday, December 12, 2023
Partnership, NOT, Acquisition, News, Kempegowda International Airport, Siemens Financial Services, BIAL, KIAB, SFS, TSX, Airline

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that it has completed the second closing of its acquisition of an additional equity interest in Bangalore International Airport Limited (“BIAL”) from Siemens Project Ventures GmbH, part of Siemens Financial Services (“SFS”).

Key Points: 
  • TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that it has completed the second closing of its acquisition of an additional equity interest in Bangalore International Airport Limited (“BIAL”) from Siemens Project Ventures GmbH, part of Siemens Financial Services (“SFS”).
  • In connection with the second closing, Fairfax India, through its wholly-owned subsidiary, acquired an additional 7% equity interest in BIAL for consideration of $175 million.
  • As previously announced, in the initial transaction, Fairfax India, through its wholly-owned subsidiary, acquired an additional 3% equity interest in BIAL from SFS for consideration of $75 million.
  • KIAB is the first greenfield airport in India built through a public-private partnership.

SFS Turns Obligation Into Opportunity Leveraging Intermediary DSA/DSP Data for Distribution Insights and Strategic Advantage

Retrieved on: 
Tuesday, November 7, 2023
Omni, DSP, DSA, SFTP, SFS, SEC Rule 17a-4, Mars, Security (finance), Retail

SFS provides funds a secure and efficient means of receiving this data and SFS' MARS Platform provides an opportunity to leverage the data for operational advantage.

Key Points: 
  • SFS provides funds a secure and efficient means of receiving this data and SFS' MARS Platform provides an opportunity to leverage the data for operational advantage.
  • The MARS sales reporting and data analytics platform is the industry-leading application designed to leverage this data for maximum strategic value.
  • Sales Insights: For fund companies, DSA and DSP files are a goldmine of data that can be leveraged for ongoing strategic purposes.
  • The MARS Platform seamlessly ingests DSA and DSP files and applies data analytics to uncover critical hidden narratives within the data."

Potential for €2.55 billion Sustainable Aviation Fuel (SAF) Industry in Ireland by 2050

Retrieved on: 
Wednesday, October 25, 2023
Automotive Manufacturing, Other Transport, Green Technology, Manufacturing, Environment, Air, Transport, Sustainability, Finance, Professional Services, Other Energy, Oil, Gas, Alternative Energy, Energy, Other Travel, Transportation, Engineering, Travel, Aircraft, Science Foundation Ireland, Government, DECC, DOT, Renewable energy, Research, Policy, Aviation biofuel, Water, Heart, Structural adjustment, PTL, LTAG, State, SCI, Irish government response to the COVID-19 pandemic, Business development, Biofuel, Workforce, Carbon, Wind, Enterprise Ireland, DAFM, EII, ORIX, Minister for Enterprise, Trade and Employment, Hydrogen, Aviation, European Green Deal, Enterprise, ICAO, Commission on the Future of the United States Aerospace Industry, European, Plant, Employment, Private sector, Electrolysis, Partnership, TD, SAF, CO2, CFO, IATA, SFS, International Civil Aviation Organization, Airport, Natural gas, Airline, Avolon, EU, Boeing

Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs.

Key Points: 
  • Ireland has the potential to develop a sustainable aviation fuel (SAF) industry generating revenue of €2.55 billion by 2050 and providing up to 1,000 high-skilled jobs.
  • The study - Ireland’s Sustainable Aviation Fuel Opportunity - was launched today by the Minister for Enterprise, Trade and Employment, Simon Coveney TD, and looks at the key role SAF will play in helping the aviation industry achieve its net zero goal by 2050.
  • The European Union’s ReFuelEU initiative obligates fuel suppliers to blend SAF into the fuel available at all EU airports, rising from 6% SAF by 2030, to 70% by 2050.
  • To meet EU mandated SAF volumes alone, Ireland will require approximately 10 SAF plants of 80 kilo tonnes production capacity each.

Major leap forward for standalone battery energy storage, as sector leader Plus Power raises additional $1.8 billion to help incorporate renewables and stabilize the power grid

Retrieved on: 
Tuesday, October 17, 2023
Partnership, Infrastructure, Société Générale, Climate change, BESS, ERCOT, Wind, Letter, Deutsche Bank, Erongo Battery Energy Storage System, Salt River Project, CLA, Sierra Estrella, Carbon, Goldman Sachs, Electricity, SFS, Pleasure, Bank of America, Energy, WEC Energy Group, Norddeutsche Landesbank, Ebony, Growth, CoBank, Prejudice plus power, First Citizens BancShares, Bank of America Tower (Manhattan), History, Bank, Energy storage, Renewable energy, Cryptocurrency, U.S. Bancorp

THE WOODLANDS, Texas, Oct. 17, 2023 /PRNewswire/ -- Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage, including the largest single such project financing to date, to help stabilize the U.S. electrical grid while incorporating more solar and wind energy.

Key Points: 
  • Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage.
  • " Nord/LB is honored to have supported industry leader, Plus Power, as CLA for the landmark stand-alone battery storage transactions, Sierra Estrella and Superstition Energy Storage.
  • We are excited to witness their impact on the clean energy transition and look forward to supporting Plus Power on future opportunities."
  • "Societe Generale is pleased to have supported Plus Power – a leader in the renewables & energy storage market – in this landmark Battery Energy Storage financing," said Eric Kim, the Head of Société Générale's Energy+ Group .

KBRA Assigns Preliminary Ratings to First Investors Auto Owner Trust 2023-1

Retrieved on: 
Thursday, October 5, 2023
Banking, Professional Services, Insurance, Finance, Acquisition, KBRA, SFS, Subordination, ABS, Class, Security (finance), Telescopic sight

KBRA assigns preliminary ratings to four classes of notes issued by First Investors Auto Owner Trust 2023-1 (“FIAOT 2023-1”), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by First Investors Auto Owner Trust 2023-1 (“FIAOT 2023-1”), an auto loan ABS transaction.
  • FIAOT 2023-1 will issue four classes of notes totaling $219.74 million, where credit enhancement consists of overcollateralization (“O/C”), excess spread, a reserve fund funded at closing, and subordination (except for the Class D Notes).
  • The transaction has initial credit enhancement levels ranging from 32.75% for the Class A notes to 10.50% for the Class E notes.
  • KBRA considered its operational review of SFS, as well as several business updates with the Company since that time.