© 2025 University of Alaska Fairbanks Athletics Thanks for visiting The use of software that blocks ads hinders our ability to serve you the content you came here to enjoy We ask that you consider turning off your ad blocker so we can deliver you the best experience possible while you are here This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page BERLIN - The Federal Supreme Court (BGH) opened a hearing on Thursday to assess whether German brewers can advertise their products as "wholesome" without falling foul of consumer protection laws The case in question was referred to the Karlsruhe-based court after a small brewer in the Southern German town of Leutkirch launched an appeal against a verdict by the Stuttgart Higher Regional Court which banned it from using the slogan The regional judges ruled in favor of the Berlin-based consumer protection organization "Association for Fair Competition" (VSW) VSW argued that the use of the term "wholesome" suggested the beer was beneficial to human health in spite of the widely-documented adverse effects of excessive alcohol consumption the consumer protection organization cited a directive by the European Union (EU) which prohibits the use of health-related marketing for all beverages which have an alcohol content of more than 1.2 percent of total volume The affected brewery insisted the German word for wholesome -- "bekoemmlich" -- is a traditional term with multiple meanings in the German language and complained that it had already been using the same slogan for 30 years in a similar case concerning the sale of German wine with relatively low acid levels which was allegedly "easily-digestible" the EU Court of Justice (CJEU) also found the responsible vintner guilty of misleading advertising The Federal Supreme Court's decision in the ongoing case is likely to hinge on whether or not the judges perceive the German brewer from Leutkirch to have made a specifically health-related the verdict could have implications for many breweries in Germany which currently use the term "wholesome" in their marketing strategy Germans spent around 7.4 billion euros ($8.7 billion) on beer in 2017 and were amongst the world's top three nations for beer consumption per capita brewers have repeatedly complained about deteriorating business prospects in their home market with gross revenue across the sector falling once again by 1.6 percent during the first quarter of 2018 Colossal Along with delicate flowers in porcelain, Berlin-based artist Angelika Arendt applies minuscule orbs curved lines to her meticulously textured sculptures Amorphous in shape but distinct in the organic matter they evoke her intricate works often mimic processes found in nature including plant growth and cells as they swell and burst into new life and others drip or peel to reveal fields thick with foliage and other tactile elements Do stories and artists like this matter to you? 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See our Terms of Service and Privacy Policy Germany offers de-coating services for a wide range of products using thermal and chemical techniques as part of regular equipment maintenance The company benefits from a leading market share and global presence through its 25 sites across Europe and North America The company operates in a very stable market environment with limited exposure to cyclicality ABL draws on superior technical capabilities to give products a second life in production CO2-saving process as an alternative to replacing a product STAR Capital Partnership LLP (“STAR”) is a private equity firm focused on building and developing businesses around strategic assets in Western Europe STAR has raised more than €2.5bn in funding and made 28 platform investments STAR completed the acquisition of ABL in April 2023 The newly established financing facility also includes a committed acquisition & capex facility to allow the company to capitalize on further inorganic and organic growth opportunities The transaction is supported by NORD/LB and Raiffeisenlandesbank Oberösterreich two successful banks in the DACH region with extensive experience in providing tailor-made financing solutions for the mid-market “We would like to thank the Carlsquare Debt Advisory Team for steering us so successfully through this refinancing process This financing will enable us to accelerate ABL’s “We Grow to Green” business strategy through enhancing operational excellence working towards sustainability targets as well as further growth through M&A to expand ABL’s footprint globally.” – Mark Coxall Carlsquare served as exclusive debt advisor to ABL / STAR Subscribe to newsletters Register for flow print magazine Edit your profile and preferences DOSSIER SUSTAINABLE FINANCE ISO2022 Agile working Corporate Bank website German wood panel producer Pfleiderer wants to further increase the share of recycled material used in its production This is not only an essential part of the companies’ ESG strategy but also relevant for its first sustainability-linked bond rwd.flow.readingTime.error{{@root.language.[rwd.flow.readingTime.error]}} It would be hard to find a company these days that doesn’t consider the environmental impacts of its business Yet few are like the German wood panel producer Pfleiderer which can claim that “sustainability has always been part of our DNA” we just didn’t talk so much about it with banks and investors.” Lately, this has changed. On the back of the increasing importance that sustainability now enjoys among investors, employees, and the public, Pfleiderer recalibrated its sustainability strategy over the course of 2021. As a kick-off, in April 2021, the company issued its first sustainability-linked bond of €750m1 with Deutsche Bank being one of six banks that arranged the deal an agency designed to help investors identify and understand companies’ risks with respect to environmental “Our goal is to provide more transparency to our investors and we are very proud of the outcome of our ESG rating,” says Carsten Linker Sustainalytics ranks Pfleiderer in third position among the 135 companies in the building products industry that the agency currently evaluates but we are also talking about the good we are doing,” Herold adds According to the CFO who joined Pfleiderer in early 2021 this change in communication is driven by a new mindset of the investors and other stakeholders and last but not least by the company´s new ESG strategy presented at the end of 2021 Gustav Pfleiderer founded a timber trading company and a rafting business in Heilbronn the company started utilising recycled wood in its main facility Pfleiderer installed its first combined heat and power (CHP) plant that reduced the energy needed in production processes quite significantly 84% of the company’s energy is fuelled by biomass Pfleiderer produces premium wood and laminate products for applications in kitchens, furniture, and construction markets as well as industrial resins for the packaging, construction and building materials industries. According to the company, “no trees are deliberately felled to make Pfleiderer’s wood-based panels”.2 the largest part of the wood mix (about 40%) comprises sawmill residues such as chips or edgings – so-called pre-consumer recycled material Another 45% or so comes back from the end consumer includes broken pallets from the packaging industry or old kitchen cabinets that are fed back into the production cycle A small proportion (around 15%) of the wood Pfleiderer uses comes from forests which are typically by-products such as thinning and residual wood (see Figure 1) the company is becoming more competitive and flexible on the wood supply side While Pfleiderer has made significant progress on its sustainability agenda the company defaulted on its debt in 2012 before successfully restructuring Pfleiderer went public on the Warsaw Stock Exchange in early 2016 the wood specialist now completely belongs to the private equity investor Strategic Value Partners and employs around 2,200 staff generating net sales of about €1bn in 2021 Figure 1: Circular wood ecosystem at Pfleiderer Source: Pfleiderer’s ESG Framework Report 2021 While Pfleiderer’s sourcing strategy reduces waste and promotes a circular wood ecosystem the company’s management feels that it can get even better Pfleiderer wants to increase the share of postconsumer recycled material to 50% This is one key performance indicators (KPI) that the company has promised to deliver “We have thought long and hard about the ways in which we can build on the sustainable foundations of our business we want to ensure we play a more active role in the transition to a lower carbon economy and do our part to help solve global challenges Our stakeholders demand a response from us and we are determined to meet their growing expectations,” CEO Dr Boris Gorella writes in his introduction to the ESG framework The outcome of these thoughts was Pfleiderer’s ‘naturally sustainable’ strategy comprising three priority areas: materials the company has defined two or three measurable targets (see Figure 2) Figure 2: Pfleiderer’s sustainability KPIs These KPIs also provide the foundation for the sustainability-linked finance framework that Linker and his treasury team set up in early 2021 for simplicity reasons they didn’t include all KPIs but opted for two only “We didn’t want to create too much complexity for our investors” we decided to combine a target that everybody understands immediately – reducing CO2 emissions – and one that is Pfleiderer-specific which is increasing the share of recycled wood.” The idea of linking financing instruments to the companies’ sustainability targets in the first place was driven by the market Herold recalls: “Our banks told us that investors were showing great appetite for sustainability-linked bonds This proved to be a very good advice.” When Pfleiderer issued its first sustainable bond in April 2021 “This was a positive surprise to us since we were new to the market and our approach – refinancing our existing €450m debt that we had taken on in 2019 as part of the delisting – by a new bond with a volume of €750m was quite aggressive uncertainty around the Covid-19 pandemic was still shaping markets,” says Herold The bond is split into two tranches: Pfleiderer raised €400m with a fixed coupon of 4.75% and a floater of €350m at three months Euribor plus 4.75% If the company fails to adhere to one or both ESG targets that the bond is linked to the company “is well under way to reach its 2022 interim goals for both KPIs” The fact that Pfleiderer is committed to sustainability was also underlined most recently by the ESG rating provider Sustainalytics, which assigned a “low risk” status to the wood panel producer in March 2022.3 The provider differentiates three ESG risk rating categories for investors: negligible (0–10) Pfleiderer commands the number 3 position among the 135 companies in the building products industry ranked by Sustainalytics – and it is also placed in the 6th percentile among more than 14,000 companies worldwide currently rated by the provider “We are proud of these very strong results for our debut ESG rating by Sustainalytics The outcome is a clear recognition of our efforts to promote a circular wood ecosystem which has been at the heart of our business for many decades as well as to become a net zero-carbon business,” Herold commented But why has the company decided to solicit an ESG rating in the first place Pfleiderer had already defined KPIs for its sustainable finance strategy prior to issuing its sustainability-linked bond as outlined above These KPIs were classified as “ambitious” “relevant and material for the issuer’s business model” by the ESG rating agency ISS why engage in another certification process which binds resources in the treasurer’s small team As Linker manages relationships with banks he also coordinated the ESG rating process “We wanted to obtain further independent validation of our achievements in the area of sustainability,” he explains this reassures our bond investors that we are on the right track when it comes to ESG the process also helped us internally to understand policy and reporting requirements even better.” The rating process was kicked off at the end of 2021 and took approximately three months In each of the three ESG dimensions the agency looks at policies “With respect to environmental risks water and CO2 policies that were signed by our board,” Linker explains “For evaluating our social performance Sustainalytics looked at diversity and anti-discrimination policies while assessing governance for example included if and how whistleblower systems are put in place.” he admits that the rating process helped to disclose minor gaps that still existed with respect to monitoring ESG processes: “One of the lessons learnt was that certain internal KPIs such as employee trainings need to be better documented.” In order to ramp up sustainability reporting and simplify internal data exchange Pfleiderer plans to invest in new software tools over the next couple of months This is also happening against the backdrop of upcoming ESG regulation in Germany and Europe Germany, for example, passed a supply chain act in June 2021, which stipulates that companies will be responsible for compliance with human rights and environmental requirements in their supply chains. Companies with more than 3,000 employees will be subject to the law from January 2023 and companies with more than 1,000 employees must comply with these requirements from January 2024.4 “We feel comfortable with respect to this new law as we are only sourcing from certified forests in Germany and recycled materials Our wood travels a maximum of 250 kilometres to be processed in one of our five production plans,” Herold says Pfleiderer already has certification and audit processes in place to ensure its suppliers adhere to standards for responsible forest management: “The wood industry in Germany is already very much regulated.” Although this rule only enters into force in 2024 for the financial year 2023 and onwards a first set of sustainability reporting standards is expected to be published by mid-2022 “We have already started a project to ensure that we have processes in place to meet the requirements in time,” Linker says When the reporting standards are published the company wants to be prepared – to prove that sustainability really is part of its DNA This article has been updated on 5 May 2022 Find out more about our Corporate Bank solutions Choose your preferred banking topics and we will send you updated emails based on your selection flow magazine is published published annually and can be read online and delivered to your door in print As new ESG regulations and reporting regimes come into force navigating the transition becomes key; but greenflation could undermine the best of intentions What are the most important sustainability trends corporates need to watch flow’s Desirée Buchholz reports social and governance (ESG) requirements is having a greater impact than any other treasury issue flow’s Desirée Buchholz reports why regulation is a double-edged sword for companies – and what could ease the burden The Covid-19 pandemic has underlined the need for a company’s treasury and procurement teams to combine their strengths Kai Gloystein and Christoph Müller-Stahl tell flow why this has been common sense at Knorr-Bremse for years and how the crisis has impacted their work The new Dentler DR21 not only impresses with its innovative design and particularly compact construction but also with its unusual manual cocking system We have extensively tested the handling of this handy hunting rifle but of course we are excited to test this hunting rifle You can see at first glance that the it is designed completely differently to a conventional bolt action In order to keep the rifle as short as possible and also to equip it with an intuitive Dentler's first hunting rifle is a straight-pull repeating rifle with a rotating bolt and manual cocking Two design features give the Dentler DR21 its special flavour: firstly where the rifle is cocked and decocked with a simple press of the palm cocking system in the back of the pistol grip even the first glance reveals that this is an extremely short design although the manufacturer has not skimped on barrel length the DR21 is reminiscent of so-called bullpup designs which have been seen relatively rarely in the civilian sector for decades and more frequently in the military sector it is not a bullpup rifle because the bolt is not located behind the trigger A double-stack plastic magazine with a capacity of five cartridges in standard calibers (seven in mini calibers four to five in magnum calibers) feeds the ammunition The magazine is concealed in the housing directly above the pistol grip and is pushed onto guide rails from the rear To insert or remove the ammunition container from the gun the pistol grip and trigger unit must be swivelled downwards The crisp direct trigger of the Dentler DR21 is not adjustable the trigger broke cleanly with a pull weight of around 850 grams a few words about the model range and prices with prices starting at 4,999 euros for the basic model with the "Basic" base rail Both mounting systems have a rotary knob that establishes the connection between the mounting base and a solid pin of the upper mounting section And the Dentler mounts are robustly constructed so that the use of large optics and additional attachments is no problem But what is the difference between "Basic" and "Basic Vario" the point of impact can be corrected in elevation and windage on the Vario mounting base without having to resort to the reticle adjustment of the riflescope This is particularly practical (and enormously cost-saving) if you have a gun cabinet full of fine rifles that all want to be taken out on the hunting ground regularly but you don't necessarily want to or can't afford to buy a dozen premium riflescopes for them you rely on Dentler's basic Vario mounting system for several firearms then a single high-quality (and expensive) premium riflescope is enough for several guns possibly supplemented by night vision technology and a suitable adapter In addition to the two rifle standard models Dentler also offers two premium models of the DR21 series Once again with either the scope base rail or Vario base rail What are the special features of the premium models A butt plate that can be adjusted in length in several stages at the touch of a button into which Dentler also integrates a cushioned butt pad as a delicacy The buttstock length of the two basic models is fixed but there are three butt plates to choose from 355 or 385 mm to be achieved by selecting the appropriate butt plate The 365 millimeter length is currently the standard stock; a DR21 with the shorter or longer butt plate is considerably more expensive This is probably due to the fact that the other two butt plates are more or less customised products with correspondingly lower quantities The range of calibers currently available is the same for all four variants and the caliber has no effect on the price: .223 Remington only the .300 Magnum is out of line: Dentler specifies a barrel length of 60 cm for Magnum calibers while all other calibers are supplied with a 52-cm barrel The instruction manual lists many more calibers and caliber-relevant components it mentions that these calibers are technically feasible in the DR21 not that they are all offered – such things are determined by demand and production capacities The fit and surface finish of the DR21 meet the high standards of premium repeating rifles from Germany and Austria the high quality of workmanship is also reflected in the price The steel surfaces are protected from scratches and corrosion by nitrocarburising and black oxidation The polymer stock has a very clean finish and its soft-touch gripping surfaces at neuralgic points also blend unobtrusively and attractively into the overall appearance Neither a lot of time nor a lot of material is needed to change the caliber The barrel can be changed quickly using the spanner supplied the bolt head can be separated from the bolt carrier without tools A suitable magazine may be required when changing the caliber If the eye does not end up at the correct height behind the eyepiece depending on the individual use of the target optics no problem: the height of the DR21's cheekpiece can be adjusted in 2 mm increments All you have to do is loosen the retaining screw on the side with a coin As long as you do not tighten your hand on the pistol grip firmly (and inevitably press in the manual cocking lever) the rifle is completely uncocked and therefore a very safe affair The straight-pull bolt slides smoothly and without canting and the DR21 can be fired quickly and comfortably The fact that the process feels "high-quality" is a bonus on top How do you open the locked bolt again after cycling if you don't want to pull the trigger You have to press in the manual cocking lever and then pull back the bolt with the bolt handle at least a few millimeters you can do both at the same time with your right hand you have to reach over the gun and optics with your left hand and open the bolt with your left hand The test rifle came ready to go as a complete package with an on-barrel silencer from Recknagel (Eratac) and a fine Z8i scope from Swarovski If you point the muzzle of this combo skywards and balance the rifle on the palm of your shooting hand the not insignificant dead weight of around 5.5 kilos will not be sufficient in the least to depress the palm cocking lever The solid resistance of the manual cocking system ensures a concept that is as easy to operate as it is extremely safe to use – but you need quite a bit of strength to get a wobble-free grip on the Dentler in the firing position Apart from the button for swivelling the pistol grip The premium models have an additional button for unlocking and locking the length-adjustable butt plate but no tools are required to adjust the stock length and the clever (and very compactly designed) locking system of the butt plate not only allows it to be fixed in five positions: the butt plate is (almost) bombproof in every position There is no perceptible play in the butt plate in any of the positions The magazine also made a very good impression: light and cleanly finished but unfortunately not a special offer at a price of 248 euros A small spring integrated into the guide rail of the magazine holder ensures a tight fit inside the rifle And for those who don't want to constantly tilt the pistol grip to reach the ammunition container for loading and unloading the magazine of the DR21 can be loaded very conveniently (and pleasantly quietly) by hand when the bolt is open This had neither a positive nor a negative effect on the size of the group sizes but it did have an effect on the position of the hits the impacts of the rifle shot with a silencer initially landed off the full ISSF target – which is over 50 cm in size depending on whether shooting with or without a suppressor More interesting than the pure accuracy yield with the clamped rifle as there are quite a few things that are quite different from conventionally designed rifles both with a straight-pull action and a bolt action the test rifle had to be pull very tightly into your shoulder because the shooting hand itself was under quite a bit of "tension" due to the palm safety being pressed in when the Dentler DR21 was pulled into the shoulder very gently – a lot of force in the shooting hand requires a positive and firm shouldering the action of the straight-pull rifle is as smooth as butter Because the straight-pull bolt runs under the back of the stock you are also protected from any kind of unintentional contact with your face or glasses – great the fast repeating action requires a short familiarisation phase if you are used to conventional repeaters the manual cocking device works silently; a mechanical noise only occurs when it is pressed very quickly into the pistol grip the resistance in the firing hand is not without its problems but minutes of watching the target with your hand clenched until you are completely sure of your aim when hunting – that would be too hard But with the usual magnification settings of the riflescope up to around 12x you can simply press the manual cocking lever in gently just before bending your index finger without the reticle "jumping out of the target" at a distance of 100 meters This also applies if the Dentler DR21 is only supported by hand on a hard surface at the front of the fore-end as is not uncommon when shooting at moderate ranges the test gun in .308 Winchester shot exceptionally softly the popular .308 caliber is not a bone-breaker by nature and the DR21 is not necessarily a lightweight either as it not only effectively reduces the muzzle blast and muzzle flash The recoil suppressor integrated into the butt plate of the DR21 makes the kick even milder as long as the Dentler is not pulled extremely tightly into the shoulder because in this scenario the recoil pad is already pushed in before the shot breaks The Dentler DR21 always scores particularly well when you want the best possible ballistic performance in a handy gun ideally coupled with the best silencer performance longer barrels exploit the propellant energy better than short barrels and long on-barrel silencers pamper the ears more than short over-barrel designs The handy and safe-to-operate design makes a lot of sense on narrow ranges or for through-and-through shooters the DR21 is also well suited for driven hunts especially as it distributes its weight excellently thanks to its short design if you are one of those driven hunt specialists who rely on the fastest possible shot strings not only in the shooting cinema or on the running boar in which after cycling the hand only "taps" the pistol grip before the next shot – this is not possible with the Dentler DR21: without a firm grip on the pistol grip Dentler's straight-pull rifle is also a real technical treat and the shooting performance and workmanship of the DR21 are in line with the very high price A clear purchase recommendation for all fans of hunting rifles who do not simply want to compromise on barrel length and therefore performance the proof of the pudding is in the eating: anyone interested can quickly find out for themselves on the shooting range whether the grip manual cocking system is ergonomic and easy to use or whether it is a bit too much for them in terms of strength Further information on the Dentler DR21 can be found on the manufacturer's website. Deutschlandinfo@vsmedien.de International contact to all4shooters.com:info@all4shooters.com The international editorial team General Terms and Conditions Terms of Use Colophon Contacts Privacy Policy she will have to calculate that she can be deported to the so-called "state of safe origin" The purchase is currently directed to the collection of the petition to submit to the Provincial Government of Stuttgart one can clearly see the great despair in him: "After escaping from my hometown I am forced to surrender everything and submit to existence and danger for my family who for years has been caring for refugees in the Allgau is outraged by this case: "I lack any understanding that the family should be deported The authorities are showing zero tolerance at the cost of humanity" he claimed on Monday in an interview with the German daily "Schwäbischen Zeitung" who has been dealing with the issue of refugees for twenty years cannot understand the case of this and many other families posing the question: "What is the meaning of these people who are so well integrated in Germany to be deported to their hometowns where they are considered foreigners?" Blerimi is working at the company "Dethleffs" in Isny where he is highly appreciated by his colleagues who is currently undergoing medical treatment The children are continuing their education which has been distributed to support the family online and has been signed by 1 supporters as a collective deportation from the airport of Baden to Kosovo was foreseen on Thursday It remains to be seen if the Muhaxheri family will also be in this area This site is controlled and managed by KOHA are protected by KOHA's copyright and KOHA retains the reserved rights for them Materials on this site may not be used for commercial purposes without the prior permission of KOHA is prohibited The use of materials from any website or other medium without the permission of the KOHA Group on behalf of all the units that make it up (Koha Ditore is a violation of copyright and of intellectual property according to the legal provisions in force All violators of these rights will face the law The translation of contents into other languages ​​is done automatically and there may be errors Annex of the former Radio Prishtina (first floor) George Bush pn Elektronik Kuehlsystem Leutkirch GmBH (EKL AG) is an ISO9001 thermal solutions company based in Leutkirch which has offered heatsinks to the European market since the mid 1990s and EKL's recent outreach to the enthusiast market for quiet cooling components explain why we have included this item in our English review even though the unit is not available for sale in the US This cooler doesn't include eight cylinders This vendor has years of experience in the OEM heatsink market but the V8 represents its first retail offering The design is indeed reminiscent of the layout of a V8 engine and its esthetics are intended to appeal to casemodders the cooler's twelve SMD LEDs - which use a separate Molex connector for power - permit the cooler to emit a bright blue glow Installing this cooler on a Socket 939 motherboard doesn't appear that difficult Only two screws are needed to affix the cooler to the motherboard socket Quick in theory: AMD users only need to fasten two screws and other items for use with Sockets 478 and 775 But there is a catch to this simple-seeming task: it is an enormous pain to fasten the screws to the backplate Even in a motherboard that has not yet been installed it takes several minutes to find the right position for the screwdriver so that the screws don't start in at an incorrect angle Those who persist in their efforts - and do not throw the cooler out the window from sheer frustration - will find that the unit is unshakably affixed to the motherboard you must screw an additional bolt into the cooler to attach a plastic cover to the unit Get Tom's Hardware's best news and in-depth reviews A look under the V8's hood: how the cooler looks when mounted Connecting power to the cooler involves two hook-ups: the fan uses a connector to attach to a standard motherboard fan header block An additional lead provides power for the unit's blue LEDs It's clear why these lights need their own power source: it takes 1.8 W to make them shine (the fan itself consumes less power!) For die-hard casemodders: blue lights fascinate viewers Tiny cooling fan-on-a-chip designed for phones to be deployed in AI data centers Intel experimenting with direct liquid cooling for up to 1000W CPUs - package-level approach maximizes performance Arrow Lake die shot shows off the details of Intel's chiplet-based design