Businesses
Here's a look at documents from U.S. and international businesses
Featured Stories
Portland General Electric Introduces Temporary Protections for Income-Qualified and Medical Certificate Customers Amid Government Shutdown
PORTLAND, Oregon, Nov. 8 -- Portland General Electric, an electric utility company, issued the following news release:
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Portland General Electric introduces temporary protections for income-qualified and medical certificate customers amid government shutdown
To support customers affected by the ongoing U.S. federal government shut down and delays in federal assistance programs, Portland General Electric is temporarily expanding protections for customers enrolled in its Income-Qualified Bill Discount and medical certificate programs. Through the end of the year, PGE will suspend service
... Show Full Article
PORTLAND, Oregon, Nov. 8 -- Portland General Electric, an electric utility company, issued the following news release:
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Portland General Electric introduces temporary protections for income-qualified and medical certificate customers amid government shutdown
To support customers affected by the ongoing U.S. federal government shut down and delays in federal assistance programs, Portland General Electric is temporarily expanding protections for customers enrolled in its Income-Qualified Bill Discount and medical certificate programs. Through the end of the year, PGE will suspend servicedisconnections for Income-Qualified Bill Discount recipients and medical certificate customers.
"PGE understands that some customers are facing difficult decisions," said Allison Rowden, PGE director of customer service. "We are here for our customers through bill assistance programs and options that can help with your specific situation. We're just a phone call away."
These temporary measures are in addition to PGE's regular winter protections, which prohibit disconnections for all residential customers during times of extreme weather. Together, these measures help ensure customers maintain access to safe, reliable service during this period of uncertainty. Approximately 19,000 households throughout PGE's service area have lost access to Low-Income Home Energy Assistance Program (LIHEAP).
PGE's Income-Qualified Bill Discount Program is not affected by the government shutdown, and customers enrolled in the program will continue to receive their bill discounts. Residential customers not currently enrolled with a household income at or below 60% of Oregon's median family income may be eligible to enroll in the program. The exact size of the discount percentage will vary based on household size and income level.
To enroll, eligible customers can sign up
* Online at portlandgeneral.com/iqbd
* Call PGE's Customer Service at 503-228-6322, where teams are ready to assist in more than 200 languages.
The Income Qualified Discount Program is just one way that PGE works closely with customers who are struggling to pay their bills. PGE can also help by setting up a payment plan, extending payment due dates, or helping connect customers with community resources. Visit Oregon Energy Assistance Programs, LIHEAP & More | PGE for more information.
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About Portland General Electric
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to over 950,000 customers serving an area of 1.9 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index and is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. In 2024, PGE employees, retirees and the PGE Foundation donated $5.5 million and volunteered nearly 23,000 hours to more than 480 nonprofit organizations. For more information visit www.PortlandGeneral.com/news
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Original text here: https://portlandgeneral.com/news/2025-11-portland-general-electric-introduces-temporary-protections
[Category: BizEnergy]
Pillsbury Positioned to Lead Texas' Nuclear Power Expansion
NEW YORK, Nov. 8 -- Pillsbury, a law firm, issued the following news release:
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Pillsbury Positioned to Lead Texas' Nuclear Power Expansion
As Texas embarks on a "nuclear renaissance," Pillsbury is poised for significant growth, leveraging one of the nation's largest and most experienced nuclear energy practices, according to a recent Bloomberg Law article.
With more than 70 attorneys in its Houston and Austin offices, Pillsbury's nuclear team is expected to enter "growth mode in the next six to 12 months, due to the nuclear activity in Texas," said Jeff Merrifield, who leads the firm's
... Show Full Article
NEW YORK, Nov. 8 -- Pillsbury, a law firm, issued the following news release:
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Pillsbury Positioned to Lead Texas' Nuclear Power Expansion
As Texas embarks on a "nuclear renaissance," Pillsbury is poised for significant growth, leveraging one of the nation's largest and most experienced nuclear energy practices, according to a recent Bloomberg Law article.
With more than 70 attorneys in its Houston and Austin offices, Pillsbury's nuclear team is expected to enter "growth mode in the next six to 12 months, due to the nuclear activity in Texas," said Jeff Merrifield, who leads the firm'sNuclear Energy practice and previously served on the U.S. Nuclear Regulatory Commission.
Texas' passage of House Bill 14--establishing the Texas Advanced Nuclear Energy Office and a $350 million development fund--has spurred investment from multiple companies, which plan to power AI data centers with nuclear energy.
Pillsbury has played a leading role in advancing this momentum by co-founding the Texas Nuclear Alliance, which advocates for policies such as the Texas Energy Fund and HB 14 that encourage nuclear and infrastructure growth.
With active projects including microreactor testing at Abilene Christian University, Texas A&M and new reactor construction in the Texas Panhandle, Pillsbury is positioned to advise clients on licensing, regulatory compliance, environmental approvals and financing as the state builds out its nuclear capacity.
"Texas is at the forefront of next-generation nuclear deployment, and Pillsbury is proud to help shape this future," Merrifield said.
Click here (https://news.bloombergtax.com/health-law-and-business/texas-nuclear-push-sparks-legal-gold-rush-for-specialized-firms) to read more.
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Named the Most Innovative Law Firm in North America in the Energy Transition (Financial Times, 2023 and 2024) and ranked among the elite by both Chambers USA and Chambers Global, Pillsbury possesses one of the world's top nuclear energy teams--a trailblazing practice with a track record full of firsts for more than 50 years. As one of the world's largest and most preeminent nuclear energy practices, the practice has the deepest and most recognized global nuclear energy team, possessing the specialized knowledge and historical perspective to help clients take full advantage of opportunities in this complex and critically important field.
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Original text here: https://www.pillsburylaw.com/en/news-and-insights/pillsbury-positioned-lead-texas-nuclear-power-expansion.html
[Category: BizLaw/Legal]
IRS Will Not Impose Penalties Based on Reporting of "No Tax on Tips" and "No Tax on Overtime" for 2025
SAN FRANCISCO, California, Nov. 8 -- Littler, a law firm, issued the following news:
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IRS Will Not Impose Penalties Based on Reporting of "No Tax on Tips" and "No Tax on Overtime" for 2025
By Rob Pritchard and William Weissman
In a welcome development for employers that were struggling to determine how to comply with the reporting requirements of the "One Big Beautiful Bill Act" relating to "no tax on tips" and "no tax on overtime," the IRS announced this week that employers will not face penalties for failing to comply with the Act's reporting requirements for tax year 2025.
The Act
... Show Full Article
SAN FRANCISCO, California, Nov. 8 -- Littler, a law firm, issued the following news:
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IRS Will Not Impose Penalties Based on Reporting of "No Tax on Tips" and "No Tax on Overtime" for 2025
By Rob Pritchard and William Weissman
In a welcome development for employers that were struggling to determine how to comply with the reporting requirements of the "One Big Beautiful Bill Act" relating to "no tax on tips" and "no tax on overtime," the IRS announced this week that employers will not face penalties for failing to comply with the Act's reporting requirements for tax year 2025.
The Actprovides above-the-line tax deductions for certain "qualified tips" and "qualified overtime compensation." To facilitate these deductions, the Act requires employers to include the following information on Form W-2: (a) the total amount of cash tips reported by the employee; (b) the employee's tipped occupation; and (c) the amount of qualified overtime compensation paid to the employee. The Act left open several questions, including: (a) how to calculate the amount of qualified overtime compensation; and (b) where to report this information on Form W-2.
As to the first question, the Act authorizes the reporting party to "approximate" the amounts designated as qualified overtime compensation pursuant to a "reasonable method" to be specified by the Treasury secretary. While the IRS committed in August to providing guidance "in the coming months" on the "reasonable method" that employers should use to "approximate" this amount, no such guidance has been provided.
As to the second question, the IRS announced that Form W-2 "will remain unchanged" for tax year 2025, leaving employers to wonder where they should report the information. Making matters more confusing, the IRS published a draft Schedule 1-A in September informing taxpayers that their qualified overtime compensation would be included in Form W-2, box 1. Of course, box 1 is where employers report the total taxable wages, tips, and other compensation paid to the employee, not just the amount of qualified overtime compensation.
Employer concerns about the lack of guidance were mitigated somewhat by the IRS's commitment over the summer to providing "transition relief" for tax year 2025. This week, the IRS confirmed that it would provide complete penalty relief to employers for tax year 2025 regarding the reporting requirements relating to cash tips and qualified overtime compensation under the Act. In announcing the transition penalty relief, the IRS acknowledged that because the Act did not take effect until July 2025, employers may not yet have the information required to be reported under the Act dating back to January 1 or the systems in place to be able to include the information on Form W-2.
As a result, employers will not face penalties for failing to provide an accounting of any amounts reasonably designated as cash tips or the occupation of the person receiving such tips. In addition, employers will not face penalties for failing to provide a report of the total amount of qualified overtime compensation paid to an employee. The relief is limited to tax year 2025 and applies only to the extent that the reporting party otherwise files and provides a complete and correct return or statement.
As part of its announcement of penalty relief, the IRS "encouraged" employers to: (a) provide employees in tipped occupations with their occupation codes as well as an accounting of their cash tips; and (b) provide employees with an accounting of their qualified overtime compensation. The IRS encouraged employers to make the information available to their employees through an online portal, written statements provided to the employees, other secure methods, or (in the case of qualified overtime compensation) in box 14 of Form W-2.
While the IRS's announcement of transition penalty relief for tax year 2025 is welcome news, employers should still make every effort to provide employees with an accurate report showing (a) the total amount of cash tips reported; (b) the qualifying tipped occupation; and (c) the amount of qualified overtime compensation paid. To be sure, employees are expecting to receive this information by January 31, 2026, so that they can claim their deductions. Moreover, employers will need to be prepared to accurately calculate the amount of qualified overtime compensation paid in tax year 2026 (e.g., to ascertain what portion of wages designated as "overtime" on an earning statement constitutes "qualified overtime" under the Act), when the penalty relief will no longer apply.
Employers navigating the Act's reporting requirements are encouraged to consult with experienced employment counsel to make certain that they are prepared to: (a) provide information to their employees by January 31, 2026, so that they can claim their deductions for tax year 2025; and (b) accurately calculate the amount of qualified tips and qualified overtime compensation paid beginning January 1, 2026.
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Original text here: https://www.littler.com/news-analysis/asap/irs-will-not-impose-penalties-based-reporting-no-tax-tips-and-no-tax-overtime
[Category: BizLaw/Legal]
GSK Presents Data From Its Advancing Liver Pipeline at AASLD 2025
LONDON, England, Nov. 8 -- GSK (formerly GlaxoSmithKline), a biopharmaceutical company, issued the following news release:
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GSK presents data from its advancing liver pipeline at AASLD 2025
* 21 abstracts highlight advances in the treatment of liver conditions, building from GSK's expertise in inflammation and fibrosis
* Phase II B-Sure study sub-analysis shows durability of functional cure in chronic hepatitis B (CHB) patients treated with bepirovirsen and pegylated interferon (Peg-IFN)
* Late breaking results for once-monthly efimosfermin in metabolic dysfunction-associated steatohepatitis
... Show Full Article
LONDON, England, Nov. 8 -- GSK (formerly GlaxoSmithKline), a biopharmaceutical company, issued the following news release:
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GSK presents data from its advancing liver pipeline at AASLD 2025
* 21 abstracts highlight advances in the treatment of liver conditions, building from GSK's expertise in inflammation and fibrosis
* Phase II B-Sure study sub-analysis shows durability of functional cure in chronic hepatitis B (CHB) patients treated with bepirovirsen and pegylated interferon (Peg-IFN)
* Late breaking results for once-monthly efimosfermin in metabolic dysfunction-associated steatohepatitis(MASH), supporting the start of phase III clinical trials
* Liver diseases represent one of the leading causes of mortality, accounting for one in 25 deaths worldwide1
*
GSK plc (LSE/NYSE: GSK) will showcase latest advances in its liver pipeline, with 21 abstracts presented at the American Association for the Study of Liver Diseases (AASLD) The Liver Meeting(R) 2025, taking place in Washington D.C., from 7 to 11 November, including data from two assets in late-stage clinical development, bepirovirsen and efimosfermin.
Advancing bepirovirsen in chronic hepatitis B and efimosfermin in the treatment of MASH
Bepirovirsen is an antisense oligonucleotide (ASO), which is being evaluated in CHB with the aim of developing a functional cure. Data will be presented from a sub-analysis from the B-Sure phase II study, evaluating the achievement and duration of a functional cure in CHB patients who responded to treatment with bepirovirsen followed by Peg-IFN, a type of immune-boosting therapy.
Efimosfermin is a potential best-in-class once-monthly fibroblast growth factor 21 (FGF21) analog therapeutic for the treatment of MASH, including cirrhosis, and future development in alcohol-related liver disease (ALD). At AASLD, GSK will share a late-breaking oral presentation of the phase II results for efimosfermin in the treatment of MASH, a progressive form of fatty liver disease that involves liver inflammation and damage.
Efimosfermin demonstrated sustained improvement in fibrosis and resolution of MASH in patients with stage F2/F3 disease severity up to 48 weeks. These data supported the start of the ZENITH-1 and ZENITH-2 phase III trials, investigating the efficacy and safety of efimosfermin in patients with moderate and advanced fibrosis due to MASH.
Additional presentations demonstrate GSK's progress in liver disease, addressing critical unmet needs
Preliminary findings from the GSK '990 STARLIGHT study in alcohol-associated liver disease (ALD), show no emerging safety concerns and demonstrate favourable trends in reduced liver enzyme levels despite ongoing alcohol consumption, that may correspond to improvements in hepatocyte ballooning, a significant indicator of liver injury.
Data supporting linerixibat's mechanism of action and safety profile in cholestatic pruritus, following the recent publication of the phase 3 GLISTEN study in Lancet Gastroenterology & Hepatology. 2 Cholestatic pruritus is one of the most common symptoms of primary biliary cholangitis, an autoimmune disease that can lead to liver failure.
GSK's approach to liver disease is based on a deep understanding of fibrosis and inflammation to develop interventions that stop and reverse disease progression. Liver disease remains one of the leading causes of mortality and is accountable for one in 25 deaths worldwide.
Table: Full list of GSK presentations at AASLD 2025
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About GSK research in hepatology
GSK is extending its expertise in inflammation to develop a next wave of innovation for the millions of people affected by chronic and life-threatening fibro-inflammatory liver conditions. GSK has a growing hepatology pipeline, harnessed by the science of the immune system and advanced technologies, with potential therapies for chronic hepatitis B, primary biliary cholangitis (PBC) and advanced steatotic liver disease (SLD), including metabolic dysfunction-associated steatohepatitis (MASH) and alcohol-associated liver disease (ALD).
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About GSK
GSK is a global biopharma company with a purpose to unite science, technology, and talent to get ahead of disease together. Find out more at gsk.com.
Cautionary statement regarding forward-looking statements
GSK cautions investors that any forward-looking statements or projections made by GSK, including those made in this announcement, are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described in the "Risk Factors" section in GSK's Annual Report on Form 20-F for 2024, and GSK's Q3 Results for 2025.
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References
1./ Devarbhavi H, et al. J Hepatol. 2023;79(2):516-537.
2./ Hirschfield, Gideon M, et al. "Linerixibat in Patients with Primary Biliary Cholangitis and Cholestatic Pruritus (GLISTEN): A Randomised, Multicentre, Double-Blind, Placebo-Controlled, Phase 3 Trial." ˜the oeLancet. Gastroenterology & Hepatology, 1 Oct. 2025.
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Original text here: https://www.gsk.com/en-gb/media/press-releases/gsk-presents-data-from-its-advancing-liver-pipeline-at-aasld-2025/
[Category: BizPharmaceuticals]
Fredrikson Hires Nine New Associates
MINNEAPOLIS, Minnesota, Nov. 8 -- Fredrikson and Byron, a law firm, issued the following news:
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Fredrikson Hires Nine New Associates
Fredrikson announces the addition of eight associates to the firm's Minneapolis office and one associate to the Mankato office.
Danielle F. Heine is an associate in the Mergers & Acquisitions and Private Equity groups. She brings a strong foundation in transactional business law and legal writing. Heine advises public and private companies across diverse sectors on mergers, platform and add-on acquisitions, as well as a wide range of transactional matters.
... Show Full Article
MINNEAPOLIS, Minnesota, Nov. 8 -- Fredrikson and Byron, a law firm, issued the following news:
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Fredrikson Hires Nine New Associates
Fredrikson announces the addition of eight associates to the firm's Minneapolis office and one associate to the Mankato office.
Danielle F. Heine is an associate in the Mergers & Acquisitions and Private Equity groups. She brings a strong foundation in transactional business law and legal writing. Heine advises public and private companies across diverse sectors on mergers, platform and add-on acquisitions, as well as a wide range of transactional matters.She has strong analytical skills, utilizes a collaborative approach and is committed to client service.
Mallory M. Marolt is an associate in the Corporate Group in the Mankato office. She assists clients with general corporate matters in all stages of the business life cycle. Marolt is focused on fostering strong relationships and brings a solid foundation in corporate law and commercial contracts. She takes a thoughtful, detail-oriented approach to each engagement, helping clients navigate complex legal issues with clarity and confidence.
Taryn M. Reichow Kriese is an associate in the Mergers and Acquisitions Group. She draws on a strong foundation in corporate governance, legal writing and transactional work. Reichow Kriese's background in automotive technology adds a practical, solutions-oriented lens to her approach, allowing her to connect with clients across technical and business domains. Her collaborative approach and meticulous attention to detail brings value to clients navigating complex business matters.
Ian Y. Sheppard is an associate in the Mergers & Acquisitions Group. He supports clients through mergers and acquisitions and other transactional matters. He brings a blend of legal training and entrepreneurial experience, having operated his own construction business before entering the legal field. Sheppard's practical approach, strong research and writing skills, and commitment to client service positions him as an asset to his practice group.
Ellen T. Stojak is an associate in the Condemnation & Eminent Domain and Energy & Natural Resources groups. She assists condemning authorities and private owners in acquisition negotiations, eminent domain actions and related land matters. Stojak also supports power producers with permitting, siting and regulatory matters for infrastructure projects.
Jacob G. Vander Weit is an associate in the Mergers & Acquisitions Group. He focuses his practice on business transactions and mergers and acquisitions. Vander Weit brings a unique perspective from his prior leadership roles in the United States Marine Corps and in private sector sales management, where he developed strong client service and operational skills. His background reflects a commitment to excellence, discipline and strategic thinking.
Monica Villanueva-Nelson is an associate in the Real Estate & Construction Group. She assists clients with commercial transactions, including leasing and sale and acquisition of commercial property. In law school, Villanueva-Nelson represented clients in juvenile and immigration court and excelled at helping clients understand complex legal processes. She brings her prior experience to help real estate clients understand complex commercial transactions.
Frederick A. Yates is an associate in the Business & Tax Planning and Mergers & Acquisitions groups. He advises clients on business and tax matters, including entity formation, contract drafting and tax compliance. Yates' experience includes researching tax credit provisions, preparing memoranda on regulatory issues and drafting purchase agreements for asset transactions. He also advises companies and private equity funds on mergers, acquisitions and divestitures.
Hannah M. Zimmerman is an associate in the Mergers & Acquisitions and Private Equity groups. She assists clients with corporate transactional matters, including business combinations, strategic initiatives and general corporate needs. Zimmerman presents a solution-driven perspective to each transaction, helping clients advance their business objectives with momentum and precision. She combines her sharp attention to detail and collaborative style to support seamless execution at every stage of a transaction.
Fredrikson & Byron is a leading Midwest law firm working collaboratively to help businesses achieve their goals regionally, nationally and globally. With a reputation as the firm "where law and business meet," our attorneys bring business acumen and entrepreneurial thinking to work with clients and operate as business advisors and strategic partners as well as legal counselors. The firm's 400+ attorneys are based in Minneapolis, with offices in Ames, Bismarck, Des Moines, Fargo, Madison, Mankato, St. Paul, Saltillo, Mexico, and Shanghai, China. Learn more at fredlaw.com or LinkedIn.
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Original text here: https://www.fredlaw.com/news-2025-fredrikson-hires-nine-new-associates
[Category: BizLaw/Legal]
Ernst and Young: Gaps in Businesses' Climate Action Plans Slow Progress on Net-Zero Goals as Global Uncertainty Remains
NEW YORK, Nov. 8 (TNSrep) -- Ernst and Young, an assurance, tax, transaction and advisory service, presented the following news release:
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Gaps in businesses' climate action plans slow progress on net-zero goals as global uncertainty remains
* Two-thirds of businesses have climate action plans, and one in ten have made progress in developing one
* However, less than half have targets that meet scientific standards
* Inaction on climate risks could cost businesses up to 15% of annual revenue
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Many of the world's biggest businesses do not have climate transition plans that are robust
... Show Full Article
NEW YORK, Nov. 8 (TNSrep) -- Ernst and Young, an assurance, tax, transaction and advisory service, presented the following news release:
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Gaps in businesses' climate action plans slow progress on net-zero goals as global uncertainty remains
* Two-thirds of businesses have climate action plans, and one in ten have made progress in developing one
* However, less than half have targets that meet scientific standards
* Inaction on climate risks could cost businesses up to 15% of annual revenue
*
Many of the world's biggest businesses do not have climate transition plans that are robustenough to support global efforts to cap rising temperatures and -- while some progress is being made -- more needs to be done to guard against the biggest environmental risks, according to the latest EY Global Climate Action Barometer (https://www.ey.com/en_gl/insights/climate-change-sustainability-services/climate-action-barometer-survey).
The report examines the views of more than 850 companies, across 50 countries and 13 sectors, that have been identified as climate leaders and looks at the extent to which they are taking action to achieve vital climate goals, and whether they are disclosing their actions in climate reporting. It looks at the steps they are taking and where they are falling short.
The findings reveal that, while two-thirds of businesses (64%) have 'net-zero' transition plans in place, and one in ten (12%) have made strong progress in developing or disclosing plans, there are gaps which threaten to undermine progress.
Less than half (48%) of organizations have kept their targets in line with scientific guidance on how to mitigate against the worst effects of global warming.
In addition, of the companies that do have net-zero targets, almost two-thirds (63%) rely on carbon credits - meaning that they are simply offsetting their emissions rather than actively decarbonizing. This use of carbon credits is especially high in financial services (78%) and transportation (69%) - sectors which are struggling to decarbonize.
Dr. Velislava Ivanova, EY Global Strategy and Markets Leader, Climate Change and Sustainability Services, says:
"The science on climate change is clear: the world is getting warmer and any reversal of this trend hinges on businesses taking credible action and putting in place transition plans which drive real progress toward climate goals. It is not easy - uncertainty, volatility and disruption abound - but companies that rise to the challenge and adapt their business models to meet climate goals will be the ones that flourish."
"And the opportunity to drive change has never been greater. As we approach COP30, 190 countries have been preparing to update their Nationally Determined Contributions (NDCs) and businesses around the world are gearing up to play a pivotal role in turning these ambitions into real world impacts."
The research shows that one-third (34%) of businesses interviewed have restated their climate targets to take into account factors such as reduced funding or regulatory uncertainty, and it reveals that more than two-fifths (44%) of these restatements were weakened, either by being less ambitious or because of delayed timelines.
According to the Barometer, most companies (68%) have assessed both the transitional risks and physical risks they face related to climate change - i.e., the risks businesses face as they move toward decarbonization and those that arise directly from climate-related events. However, less than a fifth (17%) report on the financial impact of these risks meaning their exposure to climate change is not clear or quantifiable.
Dr. Ivanova says:
"We know from client work, that many businesses are doing much more to tackle climate risks than they are acknowledging in public - and it's important that these efforts don't go undisclosed. We must not forget the value of disclosure and reporting - companies that are open about their progress and their challenges are the ones that build trust with their customers, investors and beyond."
The vast majority of the leading businesses that took part in the research (92%) say they've fully analyzed the likely impact of physical risks on their operations, but only two-fifths (44%) report having measures in place that will help them adapt to manage these risks.
The research also points to a lack of effective governance across many organizations, which could be undermining their efforts to take action on climate change. For example, just 8% of companies have board oversight over capital allocation, 21% over target setting, and only 41% over progress monitoring.
Separate EY analysis, alongside the Barometer findings, highlights the cost of inaction for businesses. It shows that where organizations fail to address the risks of climate change, they could lose out on up to 15% of annual revenue.
Dr. Ivanova, says:
"For any business to remain resilient and ensure continuity in the face of climate change, long-term planning is essential. This means putting in place actionable transition plans that show that businesses are anticipating risks and adapting strategies as we move toward a low carbon economy."
Christophe Lumsden, EY Global Climate and Decarbonization Leader, Climate Change and Sustainability Services, says:
"The path to decarbonization is one that demands cooperation. On the one hand, regulators and policy makers need to create an environment which spurs business to act; and on the other hand, companies have to make sure that, through strategy, operations, and governance, they are working toward long-term value.
"In this year's Barometer we've set out a series of recommendations to help businesses plan and execute climate transition. We're advising them to embed climate goals into strategy; put in place clear transition plans, risk assessments and governance processes; and explore the opportunities afforded by AI."
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Notes to Editors
About EY
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.
Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.
EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
All in to shape the future with confidence.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
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About the research
The EY Global Climate Action Barometer provides an annual analysis of organizations' climate-related risk disclosures, with the aim of tracking their progress against climate related goals. This assessment provides not only companies, but also external stakeholders of all types (such as national regulators, financial institutions and investors), with an understanding of the current state of global climate reporting and transition planning.
The first edition of the Barometer (then named the EY Global Climate Risk Barometer) was issued in December 2018. Since then, the Barometer has analyzed the extent to which the disclosures of approximately 1,400 global companies are in line with the 11 pillars of the Task Force on Climate-related Financial Disclosures, and their preparedness for, and level of adoption of, IFRS S2. It also measures the extent to which climate-related risk and opportunities are reflected in companies' financial statements. The last analysis of this nature was conducted in 2024.
This year's Barometer is a more targeted study, focusing on 857 companies across 50 countries, operating in 13 sectors. EY teams analyzed the reporting of these companies to assess the level of action being taken in key areas including decarbonization, risk mitigation, target setting and use of carbon credits. Compared with previous Barometers, this study offers a more in-depth analysis of companies' progress with climate action, transition planning and adaption to climate risk. It also highlights where good progress is being made and where greater improvement is needed. Companies selected for inclusion were drawn from the population of companies analyzed for the 2024 EY Global Climate Action Barometer (CAB24). They were identified as showing leadership on climate ambition, disclosure quality and climate risk management.
Companies that had already disclosed or were preparing to disclose a climate transition plan in CAB24 were prioritized, reflecting a strategic commitment to decarbonization. Also included were companies that had started their climate risk journey -- i.e., they had undertaken a qualitative risk assessment as a basic minimum. The selected companies demonstrated strong climate risk governance, including quantitative scenario analysis and a superior climate financial impact rating.
The findings of this study are primarily based on companies' public disclosures and assume that all of their actions/ initiatives are disclosed in their corporate reports/ CDP reporting for either 2023 or 2024. Analysis of the disclosures was undertaken between April and July 2025. In addition, eight in-depth qualitative interviews were conducted with EY subject matter professionals. These interviews explored the trends in the results and their implications for individual sectors.
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Original text here: https://www.ey.com/en_gl/newsroom/2025/11/gaps-in-businesses-climate-action-plans-slow-progress-on-net-zero-goals-as-global-uncertainty-remains
[Category: BizConsulting]
Aramark Supports Expansion of One Philly Produce Project to Increase Food Access Across Philadelphia
PHILADELPHIA, Pennsylvania, Nov. 8 -- ARAMARK, a provider of food, facilities, refreshments, hospitality and supply chain services, issued the following news release:
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Aramark Supports Expansion of One Philly Produce Project to Increase Food Access Across Philadelphia
Aramark is reinforcing its commitment to increasing access to food through a donation to the City of Philadelphia's One Philly Produce Project, which will provide over 300,000 pounds of fresh fruits vegetables to kids and families in need through a partnership with Sharing Excess and Food Connect.
Through Aramark's $80,000
... Show Full Article
PHILADELPHIA, Pennsylvania, Nov. 8 -- ARAMARK, a provider of food, facilities, refreshments, hospitality and supply chain services, issued the following news release:
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Aramark Supports Expansion of One Philly Produce Project to Increase Food Access Across Philadelphia
Aramark is reinforcing its commitment to increasing access to food through a donation to the City of Philadelphia's One Philly Produce Project, which will provide over 300,000 pounds of fresh fruits vegetables to kids and families in need through a partnership with Sharing Excess and Food Connect.
Through Aramark's $80,000donation, which closed a funding gap the city had for the program, the One Philly Produce Project will now be able to expand to 43 Community and Extended Day/Extended Year (EDEY) Program schools across Philadelphia. EDEY schools provide year-round programming for students and often offer additional support programs, like the One Philly Produce Project, to help families succeed.
"At Aramark, we have always been focused on strengthening the communities we serve, and Philadelphia holds a special place in our hearts as both our global headquarters and our hometown," said Marc Bruno, US Chief Operations Officer, Aramark. "We are very committed to the well-being and vitality of Philadelphia and its residents and we're proud to partner with the City by investing in this worthy project."
The One Philly Produce Project is designed to strengthen food access and streamline support. Last year, the One Philly Produce Project delivered over 105,000 pounds of fresh produce to families across 15 Community and EDEY schools, serving an average of 130 families per distribution.
Aramark's donation will activate the remaining 28 schools in the City's network of EDEY and Community Schools, greatly increasing the number of families the Produce Project will serve.
"At Aramark, we care deeply about the success of this city, its kids, and their families," said Chris Havener, Aramark Senior Vice President and Deputy General Counsel. "The One Philly Produce Project reflects that commitment, delivering fresh, nutritious food to students and families who need it most. Our team is proud to stand with the City and our partners to help build a stronger, healthier community--one where every child and family has what they need to thrive."
The City of Philadelphia estimates around 500,000 residents rely on SNAP benefits and face ongoing challenges in accessing consistent, nutritious food.
"Thanks to Aramark, the Produce Project is on track to distribute over 300,000 pounds of fresh produce--tripling the amount reached last year," said Philadelphia Chief Education Officer Dr. Debora Carrera. "I'm so pleased that in addition to fun and engaging programs and specialized enrichment offerings, our EDEY schools will provide fresh food during this critical time."
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Original text here: https://www.aramark.com/newsroom/news/2025/november/aramark-supports-one-philly-produce-project
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