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Techem publishes Sustainability Report 2023: CO₂e footprint reduced even further

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Techem Group reduces CO₂e emissions by 20 percent compared to the previous year  Gender equality measures are proving effective: Goal of 35 percent women in management positions by 2025 within reach  100 percent green electricity for customers and Techem sites in Germany

ESCHBORN, Germany, June 26, 2024 /PRNewswire/ — For Techem, the service provider for smart and sustainable buildings, sustainability and climate protection begin within the company itself, as the fourth Techem Sustainability Report published today shows: The internationally active Techem Group continues to work consistently towards achieving its sustainability goals and thus climate neutrality by 2045. Techem managed to reduce its CO2e emissions by nearly 20 percent in fiscal year 2023. The Group’s global CO2 footprint thus amounted to 244,134 tons[1]  (FY 2022: 306,800 tons). In addition, Techem conducted its first Gender Pay Equality audit, which shows the percentage salary difference between men and women, in Germany during the reporting period and established a procedure for determining and reporting this. In addition, all relevant employees[2] received training on compliance issues. These efforts were rewarded not least by an ESG risk rating of 8.7 and thus a “Negligible Risk” from the rating agency Morningstar Sustainalytics.

Key principles of action are energy efficiency and decarbonization

“Global efforts to tackle the challenges of climate change have never been as acute, but also never as intense as they are today,” says Techem CEO Matthias Hartmann. “We want to live up to our responsibility to society and the environment. For us, this means promoting climate neutrality in buildings by systematically driving forward energy efficiency and decarbonization. Step by step, we are implementing low-investment projects to reduce energy consumption. This helps both landlords and tenants,” Matthias Hartmann emphasizes. This includes Techem’s Digital Heating Room. The AI-supported technology platform for energy monitoring of heating systems with the help of sensors records the temperature levels as well as the energy quantities and flows generated. Efficiency and usage curves can thus be calculated and monitored and heating systems can be operated more efficiently on the basis of this information. The implementation of the respective measures leads to an average reduction in energy consumption of 15 percent.

Implementing a roadmap to climate neutrality

At Techem Solutions, an ambitious decarbonization plan points the way to the planned climate neutrality. With a share of 49.6 percent (FY 2022: 51.6 percent), the majority of emissions are attributable to the natural gas consumption included in Scope 1 in Techem Solutions’ heat contracting business. The amount of greenhouse gases emitted is linked to the properties supplied by Techem Solutions, in particular the heating systems used there, the heating behavior of the occupants and the outside temperature. A mild winter and more economical consumption behavior due to high energy prices have contributed significantly to the reduction of CO2e emissions in this area.  In fiscal year 2023, the updated “Devices Action Plan” placed an even greater focus on the impact of the company’s own devices on the environment and the climate. Emissions in the company’s own value chain (Scope 3) have already fallen by 18 percent compared to 2022. Techem also wants to convert its car fleet to 100 percent CO2-neutral drives by the end of 2028. In line with this, the Eschborn-based energy service provider is already sourcing 100 percent of its electricity from renewable sources at all German sites and all electricity supplied to its customers is also exclusively green electricity.

Initiatives for greater diversity, equality and inclusion

“Techem is committed to an inclusive and diverse working environment. This includes the comprehensive roadmap for greater diversity, inclusion and against discrimination,” Hartmann adds. In the current reporting period, the share of women in management positions was 30.2 percent (FY 2022: 27.7 percent). This brings Techem ever closer to its goal of having 35% women in management positions by 2025. Techem also received the certificate for the “berufundfamilie” audit in Germany at the end of September 2023. The compatibility of work and private life under the premise of a future-oriented working environment was decisive here. Katharina Bathe-Metzler, Head of Sustainability, Communications & Public Affairs, was honored as part of the “Top 100 Women for Diversity” campaign initiated by the Beyond Gender Agenda.

Resilient business model

Annual sustainability reporting, which is voluntary, documents the international effectiveness of sustainability management in detail. It creates transparency for stakeholders with regard to the company’s development and contains audited key figures. The Sustainability Report is based on the current standards of the Global Reporting Initiative (GRI) – an internationally recognized framework for sustainability reporting. Techem has also dealt in detail with risks and opportunities in the area of climate change as part of reporting in accordance with the requirements of the Task Force on Climate-Related Financial Disclosures (TCFD). Techem’s company strategy proves to be extremely resilient both under a 2° and a “worst-case scenario” – i.e. very sharp rises in temperature.

[1] CO₂e (=CO₂ -equivalent; consideration of all greenhouse gases)

[2] Excluded are employees who no longer work for Techem or persons who only perform auxiliary activities without having any influence on our business activities and who have been classified as not relevant for the basic compliance training.

You can find more information on sustainability at Techem and download the Techem Sustainability Report 2023 here.

About Techem

Techem is a leading service provider for smart and sustainable buildings. The company’s services cover energy management and resource conservation, residential health and process efficiency in real estate. Founded in 1952, the company is now active in 18 countries with around 4,300 employees and services more than 13 million homes. Techem offers efficiency improvements along the entire value chain of heat and water in real estate. As the market leader in remote radio detection of energy consumption in homes, Techem continues to drive networking and digital processes in real estate. Modern radio smoke detectors with remote inspection and services related to improving drinking water quality in properties complement the solution portfolio for the housing industry. For more information, visit https://www.techem.com.

Media contact

Janina Schmidt
Head of Corporate Communications
Techem Energy Services GmbH
Phone: +49 (0) 174 / 744-4137
E-Mail: janina.schmidt@techem.de 

Katharina Bathe-Metzler
Head of Sustainability, Communications & Public Affairs
Techem Energy Services GmbH
Phone: +49 (0) 6196 / 522-2677
E-Mail: katharina.bathe-metzler@techem.de 

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IIFL Capital’s Maiden Late-Stage Private Equity Fund Announces First Close at ~ ₹500 Crore

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27 minutes ago

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October 22, 2026

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IIFL Capital’s Late-Stage Private Equity Fund targets a final close in excess of ₹1,000 crore within nine months from First CloseTwo transactions have already been committed with a pipeline of seven to eight deals under evaluation

MUMBAI, India, Oct. 22, 2026 /PRNewswire/ — IIFL Capital Asset Management Limited, the Asset Management arm of IIFL Capital, today announced that the IIFL Late-Stage Private Equity Fund, the maiden fund of its private equity platform, achieved its first close on 15 September 2026 with aggregate capital commitments of ~ ₹500 crore. The Fund invests in scaled-up, profitable Indian enterprises that are preparing to list on the public markets in the near term.

The Fund is targeting a total corpus of ₹1,000 crore, with a greenshoe option of additional ₹1,000 crore. It will remain open for subscription after the first close and aims to reach its final close within the next nine months. A larger corpus allows the Fund to back high-quality companies operating on a scale, in line with its late-stage, pre-IPO strategy.

The Fund is also evaluating a robust pipeline of opportunities, ranging from term sheet negotiations to transactions under diligence. The pipeline is diversified across integrated security-as-a-service, railway and wind energy components, specialty chemicals, defence equipment, IT-enabled services, pre-engineered buildings and consumer technology.

The Fund follows a clear mandate focused on scaled businesses nearing a public listing. The fund looks at sectors that envisage growth rate of 15%-18% per annum. The investee company should be amongst the top three-five players in its category, should have an EBITDA of at least ₹75-100 crore at investment with the intention to pursue IPO within three years. The average deal size is expected to be ₹50-100 crore per transaction.

Commenting on the milestone, Mr. Deepak Mittal, Chief Investment Officer and Head – Private Equity, IIFL Capital Asset Management Limited, said: “The first close marks the point at which this Fund moves from being a proposition to being a portfolio. We are grateful to our investors for their confidence in a volatile global environment. With two high-quality transactions already committed and a live pipeline of seven to eight opportunities, we believe IIFL’s capabilities give us a distinct advantage in backing scaled enterprises on their journey to the public markets.”

The first close comes in the backdrop of India’s primary market revival. After a subdued April-June quarter, July and August 2026 together saw 35 mainboard IPOs, and foreign portfolio investors returned as net buyers, including through IPOs. Real GDP grew 7.8% in Q1 FY27, with gross fixed capital formation up 11.9%, supporting the sectors the Fund is targeting.

About IIFL Capital Asset Management Limited

IIFL Capital Asset Management Limited (formerly IIFL Securities Alternate Asset Management Limited) is the Investment Manager for Alternative Investment Funds sponsored by IIFL Capital Services Limited. It is registered with SEBI as an Alternative Investment Fund manager (IN/AIF3/19-20/0770, IN/AIF2/21-22/088), Investment Adviser (INA000019956) and Portfolio Manager (INP000009445). Registered office: Ground Floor 01, Hubtown Solaris, Saiwadi, N S Phadke Road, Andheri East, Mumbai 400069. Website: assetmanagement.iiflcapital.com

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Disclaimer: This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any units of the IIFL Late-Stage Private Equity Fund or any securities. Investments in alternative investment funds are subject to market and other risks, including loss of capital. Investors should read the Private Placement Memorandum, including the risk factors, before investing. Registration granted by SEBI, enlistment with BSE, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance of securities/instruments is not indicative of their future performance.

 

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Snapmaker Introduces New Filament Bundle, Expanding Its Full Spectrum Printing Ecosystem

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28 minutes ago

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October 22, 2026

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The Snapmaker PLA Full Spectrum Filament Bundle (White Edition) combines pure-white capability, more saturated cyan, magenta, and yellow filaments, and finely tuned light-transmission properties for vibrant, natural-looking color mixes. It expands Snapmaker’s integrated ecosystem of dedicated materials, Snapmaker Orca software, and U1 hardware.

SHENZHEN, China, Oct. 22, 2026 /PRNewswire-PRWeb/ — Snapmaker has introduced the Snapmaker PLA Full Spectrum Filament Bundle (White Edition), expanding the creative possibilities of layered color mixing on Snapmaker U1. The four-spool set combines semi-translucent cyan, magenta, yellow, and white PLA filaments to produce a broader palette, from vivid color mixes and soft pastels to directly printed pure-white details.

“Together with the reformulated color filaments, the addition of white opens up a broader range of visual styles.” — Blayne Sapelli, Creative Marketing Manager at Snapmaker.

Four Filaments, Beyond Four Colors

Full Spectrum color mixing creates additional perceived colors by alternating thin layers of semi-translucent filaments along the Z-axis. As light interacts with these layers, their colors blend visually, allowing a single print to go beyond the four loaded filament colors.

Snapmaker Orca, Snapmaker’s official slicing software, supports this layered color mixing workflow. Together with U1’s multi-toolhead architecture, it provides a practical foundation for exploring more colors with a small set of materials.

Radu “Ratdoux,” creator of Full Spectrum and now part of the Snapmaker team, said: “Full Spectrum changes the way we think about color in consumer FDM printing. Instead of adding more and more individual filament colors, we can use a small set of calibrated materials together with software and multi-toolhead hardware to generate a much broader spectrum. Our goal is to make that process simple enough that users can focus on what they want to create rather than how to engineer the color.”

Filaments Engineered for Brighter Color

White filament brings two distinct benefits: it enables pure-white areas that layered color mixing alone cannot produce, and it brightens mixed colors while reducing saturation for lighter, softer tones. Reformulated cyan, magenta, and yellow filaments offer stronger saturation, helping deliver more vibrant mixes.

The filaments’ color and Transmission Distance properties are tuned to promote natural blending and help reduce visible horizontal stripes. On Snapmaker U1, RFID recognition automatically loads preset filament information, simplifying setup.

These properties give creators more flexibility to combine vivid accents, gentle shades, and white details in character models, collectibles, home décor, and sculptural artwork. The four-spool approach also reduces the need to store separate filament colors for occasional use.

“Adding white is a meaningful step for creators who want lighter palettes and pure-white details within the same four-spool setup,” said Blayne Sapelli, Creative Marketing Manager at Snapmaker, “Together with the reformulated color filaments, it opens up a different range of visual styles. It also reflects how we are building our ecosystem: developing dedicated materials around real creative needs and connecting them with the tools people use to print.”

An Integrated Ecosystem for Color Creation

The Snapmaker PLA Full Spectrum Filament Bundle (White Edition) joins the Snapmaker PLA Full Spectrum Filament Bundle (Gray Edition) and the SnapSpeed PLA CMYK Lithophane Filament Bundle, expanding Snapmaker’s official lineup to three purpose-designed bundles.

The two PLA Full Spectrum bundles are designed for three-dimensional color mixing. The new bundle enables brighter mixes, softer pastels, and pure-white details, while the Gray Edition offers darker, more muted tones. The CMYK Lithophane bundle is optimized for flat, layered-color printing, including colorful backlit lithophanes made from photographs and illustrations.

Built around U1 and Snapmaker Orca, the lineup connects specialized materials with hardware and software support.

Pricing and Product Information

The bundle is priced at US$89 and contains four 1 kg spools, totaling 4 kg. For product details and regional purchasing information, visit the official product page.

About Snapmaker

Snapmaker makes products that empower everyone to change the world — literally. From 3-in-1 desktop fabrication machines to the Snapmaker U1 multicolor, multimaterial, toolchanger 3D printer, to the software that powers it all, Snapmaker is building an ecosystem that democratizes creation. Snapmaker: Make Something Wonderful.

For more information, visit Snapmaker.com.

Media Contact

Hao Jiang, Snapmaker, 86 13588745216, jianghao@snapmaker.com, www.snapmaker.com

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SOURCE Snapmaker

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Today, Intelligent Legal Solutions (ILS) and Anduin announced a partnership to provide a more streamlined service for both fund managers and law firms

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28 minutes ago

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October 22, 2026

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PALO ALTO, Calif., Oct. 22, 2026 /PRNewswire/ — Intelligent Legal Solutions (ILS) and Anduin have announced a partnership to create a more connected fundraising experience for private markets fund managers and law firms.

ILS is the legal technology company behind ProVision, a platform for private investment funds lawyers and their clients, while Anduin provides technology for private markets fundraising and investor operations. Through the partnership, the companies will build an integration connecting their platforms to support a more streamlined, end-to-end fundraising process.

Launched in 2024, ILS works with 89% of law firms ranked in the top three bands by Chambers USA for Private Equity: Fund Formation nationwide. Its technology has supported fundraises totaling more than $825 billion across North America, the UK, EMEA and APAC.

Anduin’s platform has supported more than 1,300 private investment funds, onboarded over 76,000 investors and powered more than $265 billion in capital raised. Its customers represent more than $7 trillion in aggregate assets under management.

Fergus Plant, Co-Founder of ILS, said: “We are hugely excited to announce our partnership with Anduin. They are a mainstay of the private markets tech space, and we are proud to collaborate to bring a more complete solution to our customers. Our recent launch of the Fund Manager Portal for ProVision more closely aligns our customers, deepening the benefits of this relationship.”

Eliot Hodges, CEO of Anduin, said: “Fundraising still involves too many handoffs between systems, teams and advisers. By connecting Anduin’s subscription and investor onboarding workflows with ProVision’s side letter, comment memo, MFN and obligation management capabilities, we can help firms carry data more seamlessly through the fundraising process and reduce the operational burden around close.”

Read more at https://anduintransact.com/blog/anduin-partners-with-ils 

Fund managers and law firms interested in learning more can contact:

About Anduin
Anduin is the leading digital platform for managing fund lifecycles and LP relationships. The company has facilitated $118 billion in global capital and supports 48,000+ investors across 890+ funds. Learn more at anduintransact.com.

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SOURCE Anduin Transactions

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