Nyxoah Announces Participation in the Stifel 2021 Virtual Healthcare Conference

Nyxoah Announces Participation in the Stifel 2021 Virtual Healthcare Conference

Mont–Saint–Guibert, Belgium. "" November 3, 2021, 10:30 pm CET / 4:30 pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH)("Nyxoah" or the "Company"), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that Olivier Taelman, Chief Executive Officer, will participate at the Stifel 2021 Virtual Healthcare Conference on Monday, November 15, 2021, with a virtual fireside chat at 4:00 pm CET/10:00 am ET.

A live webcast and replay of the fireside chat will be available on the Company's investors relations website at https://investors.nyxoah.com/

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah's lead solution is the Genio system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world's most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE–Mark indication approval to treat Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors' therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/

Caution "" CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Jeremy Feffer, VP IR and Corporate Communications
+1 917 749 1494

Gilmartin Group
Vivian Cervantes


GLOBENEWSWIRE (Distribution ID 1000566085)

Veev Adds C-Suite Talent, Hiring Former Intel Corp Exec as COO

SAN MATEO, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) — Today, Veev announced the latest addition to its c–suite "" seasoned technology executive Ari Rauch joins the team as Chief Operating Officer.

Veev has vertically integrated the entire homebuilding process "" from development through to design, materials, and manufacturing "" to deliver a higher quality living experience for everyone. Having raised nearly $200M to date in total funding, the company continues to set a new standard for the industry, building better homes faster, more sustainably, and at lower cost.

"To deliver on our mission to create exceptional living experiences for all, it's critical we recruit talent that is not only capable, but also buys into our vision and culture of innovation powered by the fusion of people and technology," said Amit Haller, Veev Cofounder and CEO. "Ari's addition to our team does just that. With his multidisciplinary background and expertise in emerging technologies, we're certain his leadership will complement our momentum at this exciting time in Veev's expansion."

Amid a compounding housing crisis, Veev has found no shortage of demand for its innovative model, which touts construction speeds up to 4x the industry standard and a lower cost than competing methods.

"Veev has developed a process that has effectively unraveled the traditional restraints of real estate development," said Ari Rauch. "By integrating the entire homebuilding process, which has long been held back by a plethora of individual contract work, their approach guarantees quality, consistency, efficiency, and an exceptional living experience. I'm thrilled to join the team, and look forward to scaling Veev's solution to meet the demand of our time."

Rauch brings an extensive background in operations management, having overseen product, R&D, and marketing departments. His strong track record for leading, building, transforming, and scaling teams will elevate Veev's operations to the next level, positioning the company for its continued expansion. Joining Veev as COO, Rauch will lead Veev operations through the entire life cycle of products and services, driving the expansion, automation, and digitalization of the new era of home construction.

Prior to joining Veev, Rauch served as Vice President and General Manager of the Graphics Technology division at Intel Corporation where he oversaw product, R&D, and marketing departments""""transforming capabilities and products to industry state–of–the–art standards. Prior to Intel Corporation, he was Corporate Vice President at AMD Corporation, leading its expansive global engineering teams and software transformation programs.

About Veev
Veev is a building technology company founded on the belief that homes are the ultimate consumer product, and they need to be built better, and faster. Working across real estate, design, development, engineering, manufacturing, and construction, Veev has developed a vertically integrated approach to productize the home and improve on cost and quality, up to 4x the rate of traditional construction. Veev is focused on building multi–family homes, single family homes, and accessory dwelling units (ADUs) at scale, to help develop and support communities, and improve our quality of living.

LaunchSquad for Veev

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c64bd36a–94be–49a7–9e87–8ee2cc2de63e

GLOBENEWSWIRE (Distribution ID 8385542)

Genasys Inc. Partners with Danimex Communications to Expand Critical Communications Systems Sales in Africa

SAN DIEGO, Nov. 03, 2021 (GLOBE NEWSWIRE) — Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions that help keep people safe, today announced a strategic distributor partnership with Danimex Communications A/S (Danimex), an award–winning distributor of communication solutions and equipment throughout Africa and the Middle East. Headquartered in Sonderborg, Denmark, Danimex has more than 30 years of experience representing, distributing and selling advanced communications systems.

"Since opening our sales office in the Dubai earlier this year, we are seeing many opportunities to accelerate sales of LRAD , Genasys Emergency Management (GEM), Integrated Mass Notifications Systems (IMNS) and National Emergency Warning Systems (NEWS) in Africa,” said Richard S. Danforth, Chief Executive Officer, Genasys Inc. “Our strategic partnership with Danimex will focus on business opportunities with Sub–Saharan and North African governments and enterprises through the extensive, customer–centric Danimex sales force.”

"Genasys' innovative systems and solutions are an important addition to our distribution line and increasingly necessary in this area of the world,” said Charlotte Thomsen, CEO of Danimex. “Crises resulting from climate related events, civil unrest and security incidents are on the rise. Providing next generation hardware and software systems that deliver critical communications to the public can help protect and save lives.”

Ms. Thomsen added, "We look forward to working with the regional Genasys team in Dubai, growing our partnership, and facilitating the sales and distribution of Genasys' critical communications systems throughout the region.”

Based in San Diego with additional offices in Madrid, Spain, Ottawa, Canada, Singapore and Dubai, Genasys provides a multi–channel, multi–agency approach to deliver geo–targeted alerts, notifications, instructions and information before, during and after public safety threats and critical business events.

About Genasys Inc.

Genasys systems are in service in more than 100 countries in a range of diverse applications, including public safety, emergency warning, mass notification, critical event management, defense, law enforcement, homeland security, and other applications. The Company's unified critical communications platform includes Genasys Emergency Management (GEM) software–as–a–service, National Emergency Warning Systems (NEWS), Integrated Mass Notification Systems (IMNS), LRAD long–range voice broadcast systems, Zonehaven emergency evacuation resources, and more. For more information, visit genasys.com.

About Danimex Communication A/S

Danimex Communication A/S is an award–winning distributor of radio communication solutions and equipment throughout the world with over 30 years of experiences within the communication industry. Danimex specializes in Critical Communication solutions and supporting our partners with everything they need to build a complete ready–to–use communication system, including network/ system design, coverage studies, system configurations, site surveys, onsite installations and supervision, after sales support Danimex does business with humanitarian organizations, NGO's, defense, security and government organizations, and modern industries. Danimex bases its business on quality products, full service and lasting relationships. For more information, visit Danimex Communications A/S.

Forward–Looking Statements

Except for historical information contained herein, the matters discussed are forward–looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward–looking statements. These forward–looking statements are subject to a number of risks and uncertainties, including without limitation the business impact of health crises or outbreaks of disease, such as epidemics or pandemics and how they may affect our supply chain, and other risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. Risks and uncertainties are identified and discussed in our filings with the Securities and Exchange Commission. These forward–looking statements are based on information and management's expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the “Risk Factors” section of the Company's Form 10–K for the fiscal year ended September 30, 2020. Genasys Inc. disclaims any intent or obligation to update those forward–looking statements, except as otherwise specifically stated.


GLOBENEWSWIRE (Distribution ID 8385312)

mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88

SAN FRANCISCO, Nov. 03, 2021 (GLOBE NEWSWIRE) — mimik Technology, Inc., a pioneer in hybrid edge cloud technology and business solutions, today announced a $14.3 million Series A funding round led by Pier 88 Investment Partners, a San Francisco–based alternative investment management firm. Other participants include Cathie Wood, Founder, CIO and CEO of ARK Invest and member of the mimik Board of Directors, along with existing investors Primera Capital and NLabs. mimik plans to use the funds to expand its global go–to–market operations including sales, solutions delivery, developer outreach, technical training, and partnership development.

mimik's hybrid edgeCloud platform transforms cloud applications from a fixed client–server architecture""where server functionality is limited to servers in data centers and gateways""to a fully distributed architecture, enabling billions of smart client devices to act as servers and delivering nearly endless scalability. The mimik platform enables heterogeneous applications, processes, and devices to autonomously communicate in clusters on the edge regardless of their operating system or network. Because data is processed at the edge, mimik's platform requires significantly less bandwidth and power, reduces cloud hosting costs, is more resilient than traditional client–server architecture, and offers much higher levels of data privacy and security.

"We have spent nearly a decade in R&D, building a platform to address the six major concerns of most developers: speed, cost, security, data privacy, interoperability, and scale," said mimik Founder and CEO Fay Arjomandi. "The mimik platform offers a strong foundation to build sustainable edge cloud services to help accelerate digital transformation and power the hyper–connected digital economy."

"Having invested in next–generation technologies like mobility, cloud computing, and cyber security for nearly two decades, our team is excited about the compelling growth opportunities we see in edge computing," says Frank Timons, Founder and CEO of Pier 88 Investment Partners. "mimik's technology lead and seasoned executive team position the company to capitalize on the next wave of growth for the computing industry as its nuanced device microservice architecture enhances security and privacy while reducing costs of traditional cloud computing solutions."

"Primera Capital has funded some of the world's most transformative technology companies over the past two decades," said Ori Sasson, General Partner, Primera Capital. "We invest in extraordinary products, opportune markets, and daring entrepreneurs with unwavering visions, and with the disruptive potential of their edge platform and strong leadership team, mimik aligns with these key criteria."

"We're thrilled to be working with funding partners such as Pier88, NLabs, Primera Capital and others. They understand the essential benefits of the mimik hybrid edgeCloud platform and the massive market opportunity ahead," said Siavash Alamouti, Executive Chairman of mimik. "We're in the midst of a massive transformation across all industries. The burgeoning hyper–connected economy will be orders of magnitude larger than mobile internet, and mimik's platform will help accelerate this technology revolution and in a much more sustainable way."

To drive the adoption of hybrid edge cloud computing, mimik has established strategic partnerships with leading cloud companies such as Amazon Web Services (AWS) and IBM and technology services companies such as Tata Elxsi. The platform has been successfully used to complete digital transformation with a number of companies with impressive results and is now being used by many early–adopter customers and partners. For more information on mimik's hybrid edgeCloud platform, available edge–based microservices, and digital transformation services, visit mimik.com.

About mimik
mimik provides a hybrid edge cloud computing application development platform and business enablers for digital transformation. Developers and enterprises can achieve their business objectives without compromising time to market, cost, scalability, interoperability, data privacy and security, and being locked in proprietary technology stacks. mimik enables hybrid edge native application development that works across ecosystems of devices (iOS, Android, Windows, macOS, Linux, QNX, Raspbian, OpenWRT and smart IoT FreeRTOS sensors), networks, and any private and/or public cloud. The mimik platform is the fastest and most direct way of connecting siloed and fragmented applications from the edge with minimal reliance on middlemen. We can help enterprises save millions of dollars in legacy backend integration while reducing their ongoing operational costs through an edge–in approach. mimik enables systematic digital transformation for a sustainable digital economy to help enterprises secure business leadership in the hyper–connected world. For more information, visit: https://mimik.com and https://developer.mimik.com

Media Contact:
Beth Morrissey

GLOBENEWSWIRE (Distribution ID 8385220)

Microshare receives $15 million in financing from Avenue Capital Sustainable Solutions Fund

PHILADELPHIA, Nov. 03, 2021 (GLOBE NEWSWIRE) — Microshare Inc., a leading provider of Smart Building data solutions to multinationals and public sector institutions, has closed $15 million in financing from the Avenue Sustainable Solutions Fund, L.P., Avenue Capital Group's vehicle for supporting firms working to bring about a more sustainable world.

Microshare's EverSmart suite of Smart Facilities solutions help global enterprises like GlaxoSmithKline, Aramark and Rent–A–Center reassure workforce, tenants and customers about the safety of indoor spaces while producing operational efficiencies as well as data insights that boost ESG (Environment | Social | Governance) performance.

"The Avenue Sustainable Solutions Fund investment represents a major vote of confidence in the transformational nature of our EverSmart solutions," said Microshare CEO and Co–Founder Ron Rock. "As the pandemic hopefully subsides, our ability to create data where none existed before has never been more relevant as workers and tenants grappled with new concerns about indoor spaces, and companies rethink their real estate footprint and face new global expectations on climate and other ESG issues."

"Microshare is a natural fit for our strategy," said Sean Coleman, co–manager of the Avenue Sustainable Solutions Fund. "We are excited to back Microshare's strategy to address growing corporate demand for improvements in building energy efficiency and water consumption, both of which are critical considerations for a sustainable future."

Philadelphia–based Microshare provides Sensing–as–a–Service solutions to clients in Commercial Real Estate, Corporate, Healthcare, Manufacturing and Pharmaceuticals sectors. The company received international attention for the Universal Contact Tracing wearables it introduced early in the pandemic, a solution credited with preventing major outbreaks at essential manufacturing industries like pharmaceuticals and logistics.

Microshare will use the funds to expand its sales and development teams, grow its business in North America, Europe and the Middle East, and to solidify the complex supply chain and reseller relationships that underpin its efforts to deploy its data solutions at scale.

Microshare's solutions create Digital Twins clients' real–world assets that enable better decisions on operational systems and the data to inform and fuel impactful sustainability initiatives.

The company recently reached a number of milestone agreements, including:

  • An agreement with Aramark, the largest facilities management firm in the U.S., for Microshare to provide the technological backbone of its AIWX Connect Predictive Cleaning solutions, now being deployed in major hospitals, stadiums and other infrastructure;
  • An agreement with the British government and the University of Leeds on a test of its contact tracing wearables for infection reduction in dozens of elder care settings;
  • Renewals of global contracts for Universal Contact Tracing wearables for GSK's manufacturing plants globally, Rent–A–Center's headquarters facilities, and several other clients in the Energy/Logistics sectors.

About Avenue Sustainable Solutions
The Avenue Sustainable Solutions Fund, L.P. seeks to provide creative financing solutions to high–growth companies that can demonstrate a measurable, positive environmental outcome alongside competitive financial returns. It focuses generally on North American companies within the underserved segment of the market created by the widening financing gap between commercial banks and larger debt funds. For additional information on Avenue Capital Group, which is a global investment firm with assets estimated to be approximately $11.7 billion as of September 30, 2021, please visit www.avenuecapital.com.

About Microshare
Microshare's EverSmart suite of Smart Building solutions are deployed at scale around the world to bring safety, wellness, cost savings and sustainability data to our clients' real estate assets. Microshare is a leader in LoRaWAN applications and a proud member of the LoRa Alliance . www.microshare.io

Contact: Simon Redgate sredgate@microshare.io +44(0)7850112703

Photo: https://www.globenewswire.com/NewsRoom/AttachmentNg/df48c883–9f8a–4e04–823a–5e421d771217

GLOBENEWSWIRE (Distribution ID 8385248)

IFRS Foundation announces International Sustainability Standards Board, consolidation with CDSB and VRF, and publication of prototype disclosure requirements

SAN FRANCISCO, Nov. 03, 2021 (GLOBE NEWSWIRE) — As world leaders meet in Glasgow for COP26, the UN global summit to address the critical and urgent issue of climate change, the IFRS Foundation Trustees (Trustees) announce three significant developments to provide the global financial markets with high–quality disclosures on climate and other sustainability issues:

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

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

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

Proven demand

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

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

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

Comprehensive global baseline

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

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

Consolidating and building on existing initiatives

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

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

Informed by expert advice

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

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

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

Global footprint

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

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

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

Next steps

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

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

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

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

Mary Schapiro, Head of the TCFD Secretariat, said:

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

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

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

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

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

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

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

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

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

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

Notes to editors

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

Media contacts

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

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

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

About the IFRS Foundation

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

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

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

About the Climate Disclosure Standards Board and CDP

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

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

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

About the Value Reporting Foundation

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

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

GLOBENEWSWIRE (Distribution ID 8385402)

Zahid Group Is Committed to Stop the Use of Single-Use Plastics by the End of 2022

JEDDAH, Saudi Arabia, Nov. 03, 2021 (GLOBE NEWSWIRE) — Zahid Group is proud to announce the launch of its "NO TO SINGLE–USE PLASTIC' initiative, a commitment to eliminating the use of single–use plastic across Group companies in and out of the Kingdom of Saudi Arabia by the end of 2022. As a leading organization, Zahid Group recognizes the importance of setting the standard and doing its utmost to protect the communities it impacts and the planet.

In line with the Group's ongoing enhancement of sustainable practices, single–use plastics have been identified as an area where significant results can be achieved. The elimination of single–use plastics from all facets of all Group companies and their replacement with environmentally friendly solutions will help protect our seas, oceans, and land.

Mr. Zayd M. Zahid, Zahid Group's Chief Executive Officer commented, "We all see the harm single–use plastics have on our environment and we can no longer afford to not be part of the solution. The effects of single–use plastics are far reaching – damaging our environment, adding to the climate change problems, destroying marine life, damaging landscapes and coastlines and ultimately harming each of us and our loved ones. Left unchecked, the harmful impact we are witnessing today, will have devastating effects on our planet and future generations. In achieving our stated goal of removing single–use plastics from all our operations, we will have a significant, positive impact on our families, communities, and planet."

The goal is clear, the commitment is second–to–none and the work has already started. Every Zahid Group employee and their families are part of the solution. Their efforts will have a direct impact in reducing the pollution to the planet and protecting the environment; therewith setting an example for others to follow.

About Zahid Group

Zahid Group is a privately held organization headquartered in Jeddah, Saudi Arabia for over a century. It employs more than 5,000 people and is a leading player in multiple industries that include, energy & utilities, heavy machinery, financial services, industrial manufacturing, transport, and hospitality. The Zahid Group partners with leading global brands including Caterpillar, Volvo and Renault trucks, and Total.

Contact Information:

Mrouj Barefah

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a1ee69df–958d–4889–8304–d36522d92f82

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