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Gildan Reaches Leadership Level in CDP's 2019 Scores for Corporate Transparency and Action on Climate Change
Gildan Activewear Inc. (GIL: TSX and NYSE) is pleased to have been included in the leadership band in CDP’s 2019 scores for corporate transparency and action on climate change. Companies scoring within the leadership band are recognized for their transparent and comprehensive disclosure of climate data, thorough awareness of climate risks, demonstration of strong governance and management of climate risks and demonstration of market-leading practices. Gildan received an A- placing it in the leadership level, well above the Apparel design sector average and the North America and Global averages of C. Gildan has been reporting its environmental performance and climate change impact through CDP’s platform since 2008.
“Our business model of owning and operating the facilities that produce the vast majority of our products allows us to have direct control over the manufacturing process and ensure that responsible and sustainable practices are deployed throughout the complete value chain,” said Claudia Sandoval, Vice President, Corporate Citizenship at Gildan. “We look forward to continuing the journey towards conservation of the environment and remain fully committed in driving environmental performance improvement as one of our main goals throughout 2020 and beyond.”
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests.
Gildan is a leading manufacturer of everyday basic apparel which markets its products in North America, Europe, Asia-Pacific, and Latin America, under a diversified portfolio of Company-owned brands, including Gildan®, American Apparel®, Comfort Colors®, Gildan® Hammer™, Prim + Preux®, Gold Toe®, Anvil®, Alstyle®, Secret®, Silks®, Kushyfoot®, Secret Silky®, Therapy Plus™, Peds® and MediPeds®, and under the Under Armour® brand through a sock licensing agreement providing exclusive distribution rights in the United States and Canada. Our product offering includes activewear, underwear, socks, hosiery, and legwear products sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms, and to global lifestyle brand companies.
Gildan owns and operates vertically-integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean Basin, North America, and Bangladesh. With approximately 53,000 employees worldwide Gildan operates with a strong commitment to industry-leading labour and environmental practices throughout its supply chain in accordance with its comprehensive Genuine Responsibility™ program embedded in the Company's long-term business strategy. More information about the Company and its corporate citizenship practices and initiatives can be found at www.gildancorp.com and www.genuineresponsibility.com, respectively.
Benevity, Inc., the global leader in corporate social responsibility (CSR) and employee engagement software, today announced the list of finalists for the 2020 Corporate Goodness Awards (aka: The Goodies), which recognize progressive companies harnessing the power of Goodness through a modern approach to corporate philanthropy, social responsibility and employee engagement. Now in its 3rd year, The Goodies celebrate the bold, innovative and creative ways that Benevity clients are making a difference in the world and inspiring their people through purpose.
“In the face of increasingly grave environmental and social challenges, it is inspiring to see our clients and their people catalyzing positive impact within their workplaces, their communities and around the world,” said Bryan de Lottinville, Benevity Founder and CEO. “The Goodies are our way of recognizing the companies and individuals who are leading the charge in pursuing purpose, meaning and impact as part of their culture and identity.”
This year, Benevity received more nominations for The Goodies than ever before — double the number submitted for 2019 — which is a testament to the many noteworthy ways that companies are making measurable and meaningful impact and inspiring Goodness. The finalists in each Goodies category are as follows:
The Bestie Award – For best-in-class approach and overall impact:
Genworth Financial, Inc.
Levi Strauss & Co.
Rothschild & Co.
The People Power Award – For promoting purpose through people’s passions:
The Community Hero Award – For best-in-class approach to community investment:
Albertsons Companies/Albertsons Companies Foundation
Charles Schwab & Co., Inc.
Levi Strauss & Co
Genworth Financial, Inc.
Suncor Energy Inc.
The Moonshot Award – For boldness and creativity:
Total Quality Logistics
The BeCause Award – For dedication to causes:
Bill & Melinda Gates Foundation
The Honest Company
The Buzz Award – For catalyzing purpose through communications & storytelling:
Silicon Valley Bank
The NewB Award – For most transformative approach:
Cenovus Energy Inc.
PlayStation - Sony Interactive Entertainment
Rothschild & Co.
Last year’s Goodies Award winners included Micron Technology, TC Energy, MUFG Union Bank, LinkedIn, Accenture Canada, Jennifer Mitchell of PlayStation and Tiana Austel of Illumina.
“At MUFG Union Bank, we really care about giving back to our community and engaging our employees in the process, so it was just phenomenal to be recognized for the impact we are making through our grants program, along with so many innovative companies. I know it has really inspired our team to keep up the good work,” said JR Raines, VP and Senior Foundation Manager at MUFG Union Bank Foundation.
The 2020 Goodies Award winners will be announced at Benevity’s annual Goodness Matters client conference, being held Feb. 25-27 in Palm Springs. Every year, Goodness Matters brings together hundreds of CSR and employee engagement professionals from the world’s most progressive companies to discuss trends, connect with peers in other companies, learn best practices, and get inspired to infuse purpose into their corporate cultures. This year’s participants include leaders from Apple, Microsoft, Nike and more.
Benevity, Inc., a certified B Corporation, is the global leader in corporate social responsibility and employee engagement software, including online giving, matching, volunteering, community investment and purpose driven actions. Many of the world’s most iconic brands rely on Benevity’s award-winning cloud solutions to power corporate “Goodness” programs that attract, retain and engage today’s diverse workforce by connecting people to the causes that matter to them. With software that is available in 17 languages, to an employee base of 12 million users around the world, Benevity has processed more than 4 billion dollars in donations and 23 million hours of volunteering time to 200,000 charities worldwide.
Kickstart for Benevity
U.S. Gain, a leader in development, procurement and distribution of renewable natural gas for the transportation and energy markets, announces the purchase of another anaerobic digester – this one located at Deer Run Dairy, LLC in Kewaunee, Wisconsin.
U.S. Gain is currently coordinating the installation of biogas clean-up equipment at Deer Run Dairy, LLC to strip the impurities from the biogas. Next, U.S. Gain will lead project certification efforts through established relationships with both the Environmental Protection Agency (EPA) and California Air Resources Board (CARB). Once certified, the gas will be injected into the natural gas pipeline and distributed throughout their GAIN Clean Fuel® network, private natural gas fueling stations and other non-transportation outlets.
Renewable natural gas (RNG) is methane captured from the decomposition of organic materials, cleaned and conditioned, then injected into the natural gas pipeline and used by companies as a renewable fuel and renewable energy solution. RNG is not a fossil fuel but has the luxury of being used interchangeably with traditional natural gas. Dairy-based RNG features some of the lowest carbon intensity scores because of its upstream emission savings, through capture of methane that otherwise would have been released into the atmosphere.
“Organizations continue to demand renewables as part of their sustainability strategies,” says Mike Koel, president of U.S. Gain. “Renewable natural gas provides companies across industries a clean and fast pathway to combat their scope 1, 2 and 3 emissions.”
About U.S. Gain
U.S. Gain is a leader in development, procurement and distribution of renewable and compressed natural gas for the transportation and energy segments.
Over the course of 10 years U.S. Gain has diversified throughout the renewable natural gas supply chain – investing and managing renewable natural gas development projects at dairies, landfills and wastewater treatment plants; generating, trading and monetizing clean fuel credits; designing, building and operating natural gas fueling stations – both private and a public GAIN Clean Fuel® network. This vertical integration allows companies access to the cleanest fuel and energy at the best value.
As a part of U.S. Venture, Inc., a family-owned, Wisconsin-based company, U.S. Gain is committed to finding a better way for companies to succeed – both economically and environmentally. With experience you need and ethics you value, U.S. Gain is the partner you’ll be proud to work with. Learn more at https://www.usgain.com/.
Major League Baseball (MLB) and the Major League Baseball Players Association (MLBPA) today announced a $3 million commitment to the “Healthy Relationships Community Grant,” a joint initiative to provide funding in 2020 and 2021 to organizations that advocate for positive relationship practices through critical services for vulnerable populations and those affected by domestic violence, including relationship management skills for the next generation, programs focused on mental health resiliency among vulnerable populations, and critical career & personal services to survivors of domestic violence.
U.S.-based nonprofit and global non-governmental organizations (NGOs) can apply for localized support at MLB.com/HealthyRelationships and MLBPLAYERS.com/HealthyRelationships throughout the year, with proposals reviewed on a quarterly grant cycle. Nonprofits and NGOs may apply for grants of up to $50,000 for general operating or programmatic funding for one or more of the following categories: Healthy Relationship Practices/Education, Support for Survivors of Domestic Violence, and/or Mental Health Resiliency. Grant applications will be evaluated quarterly based on assessment of the population served, organization strength, impact, partnerships, sustainability of the programs, and more. Additionally, MLB Club charities and Major League Players are encouraged to apply for up to $25,000 as part of a gift matching component of the initiative, with grant evaluations based on documentation of direct funding and commitment to the issue.
“This program will support deserving organizations working to build and improve the mental health resiliency and relationship skills of those they serve, with a particular focus on youth, and to provide critical services to help domestic violence survivors rebuild their lives,” said Melanie LeGrande, Vice President of Social Responsibility, Major League Baseball. “This effort reflects Baseball’s desire to invest in strategies that can help change the statistics and norms around domestic violence as well as support those who need help and assistance today.”
“Our players are committed to supporting and promoting healthy relationships,” said Leonor Colón, the MLBPA’s Senior Director of International and Domestic Player Operations. “This initiative will allow us to support organizations that raise awareness of domestic violence, assist survivors and promote mental wellness.”
Empowering the next generation to understand the components of a healthy relationship is intended as a prevention strategy through this initiative. Organizational efforts supported by grant funding may include public education, with a preference for youth populations, on the difference between healthy and unhealthy relationships as it relates to interpersonal violence (e.g., intimate partner, family or teen dating). Examples of education efforts include creating, producing & distributing public service announcements with relevant content and call to action as well as conferences or events focusing on awareness. Funding can also go toward supporting existing, or introducing new, programming on how to break the cycle of violence.
Efforts toward building and improving mental health resiliency for vulnerable populations may include providing greater access to (a) quality mental health services and wellness programs; (b) preventative programs designed to reduce suicide, suicidal ideations and self-harm; (c) training programs for mental health professionals; or (d) school or community-based interventions.
Strengthening and providing services to survivors of domestic violence is of critical importance to this grant initiative. Efforts may include (a) capacity building in support of the organizational mission of the nonprofit or NGO; (b) mental health support; (c) professional and life skills workshops as well as additional education and materials to improve employee readiness and workplace development; or (d) advocacy efforts to reduce domestic violence, dating violence, sexual assault, and stalking.
The joint donation for the “Healthy Relationships Community Grant” represents an ongoing commitment by MLB and the MLBPA to provide support to causes that assist vulnerable populations, which has historically included financial assistance toward disaster relief and recovery as well as human trafficking prevention.
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Ørsted, Recently Named the Most Sustainable Company in the World, Forms New Research Partnerships to Advance Technology for Protection and Conservation of Right Whales
Ørsted U.S. Offshore Wind is proud to announce an exciting and innovative partnership with Rutgers, The State University of New Jersey, the University of Rhode Island (URI), and Woods Hole Oceanographic Institution (WHOI) to launch the Ecosystem and Passive Acoustic Monitoring (ECO-PAM) project. Ørsted signed an initial memorandum of understanding with Rutgers University in May 2019 to support academic research activities related to offshore wind. The ECO-PAM project will be in addition to this initial funding agreement.
The company plans to apply the project’s learnings to develop tailored processes and procedures to better protect the North Atlantic right whale during survey, construction and operation phases of their U.S. offshore wind farm portfolio. The ECO-PAM project will ensure the company can act to solve the global climate crisis, while preserving local ecosystems.
The goal of this unique academic partnership is to better understand the habitat as well as the presence, distribution and seasonality of the endangered North Atlantic right whale within Ørsted lease areas. A secondary and added benefit of the partnership will enable coastal communities to utilize the oceanographic data gathered to help with weather forecasting and predicting severe storms.
“This unique project unites business and academia, allowing some of the greatest minds to work together to study and deploy new, advanced technology that will enable us to work toward the goal of helping to protect and conserve the right whale,” said Sophie Hartfield Lewis, Ørsted Head of U.S. Permitting. “It is imperative that Ørsted take a leadership role in this given our offshore presence along the eastern coastline.”
The three-year project will rely on data collected from two, near real-time sound detection buoys deployed by WHOI and one experimental buoy deployed by URI. WHOI and URI will take the lead on advancing localization and detection distance methods for fixed buoy systems.
“The technology exists now to acoustically detect and track marine mammals such as the North Atlantic right whale with fixed and mobile systems and this project will demonstrate this technology,” said James H. Miller, Professor of Ocean Engineering and Oceanography, University of Rhode Island.
The project will also feature the use of an unmanned glider that will be led by Rutgers to telemeter to shore in near real-time oceanographic data and detections of marine mammal vocalizations. The glider, a first for Ørsted, will provide a persistent presence within and surrounding the Ørsted lease areas in New Jersey. The project will share oceanographic data via the regional ocean observing data portals such as Mid-Atlantic Regional Association Coastal Ocean Observing System. The information gathered will not only improve oceanographic models and characterization of the regional habitat, but it will also be leveraged via the participation in the established ocean observing systems to improve weather and storm forecasts of benefit to coastal communities.
“The environmental variables collected on these glider missions will be fed directly into national data systems that provide vital ocean information for improving the prediction of marine-driven weather, such as coastal storms,” said Joseph F. Brodie, Director of Atmospheric Research, Rutgers University Center for Ocean Observing Leadership.
One final element of the project will be the inclusion of acoustic receivers on the glider and buoys. This data will be shared with networks such as the Mid-Atlantic Acoustic Telemetry Observation System, which was established to monitor for fish tagged by multiple researchers in the region. Data collected by the receivers will contribute to furthering the understanding of movement patterns of a range of species included those of importance to the fishing industry.
“Our project will help to minimize the impact of wind farm construction and operation on whales so that both we and the whales can reap the long-term benefits of clean energy,” said Mark Baumgartner, Senior Scientist, Biology Department, Woods Hole Oceanographic Institution; Woods Hole, Massachusetts.
About Ørsted U.S. Offshore Wind
Ørsted U.S. Offshore Wind delivers clean, renewable energy along the U.S. Eastern Seaboard. It operates the Block Island Wind Farm, America’s first offshore wind farm, and has been awarded over 2,900 megawatts of capacity through six projects. It is jointly headquartered in Boston, Massachusetts and Providence, Rhode Island and employs more than 150 people.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, bioenergy plants and provides energy products to its customers. Headquartered in Denmark, Ørsted employs 6,300 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Ørsted). In 2018, the group’s revenue was DKK 76.9 billion (EUR 10.3 billion). For more information on Ørsted, visit Ørsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.
Ørsted U.S. Offshore
Fairtrade International, the original and global leader in fair trade certification, was recognized as the gold standard for fairtrade certification by a recent analysis of fair trade labels conducted by Fair World Project, an independent advocacy group promoting fair trade for small-scale producers and labor justice for workers around the world.
The new report, entitled International Guide to Fair Trade Labels, scored eight fair trade and ethical labels on their effectiveness in order to help consumers and companies navigate the increasingly cluttered world of sustainability and ethical certifications. Fairtrade earned top marks in 31 out of 45 categories – more than any other global label.
Fairtrade International, including its U.S. chapter, Fairtrade America, received high scores in many categories, including the organization’s key areas of impact – protecting the environment via energy, waste and water management; strengthening workers’ rights and prevention of forced labor; advocating for gender equality and rights for disadvantaged, minority and indigenous groups; and fighting poverty through its unique premium payment structure that enables democratic decision making in Small Producer Organizations and Hired Labor Organizations.
“Fairtrade International is the oldest and globally best known fair trade label,” the report states. “Despite the development of new labels, it remains the primary actor in the sector acting as the main point of reference (many fair trade labels use or reference Fairtrade minimum prices)…[The Fairtrade marker is] an ever-evolving label that reinvents itself to address contemporary challenges.”
Fairtrade was also praised for new, stronger standards on the prevention of deforestation and adaptation to climate change. The report specifically singled out Fairtrade’s textile standard for empowering workers through leadership opportunities, representation, collective bargaining and living wages. Furthermore, the report points out that Fairtrade is 50 percent owned and run by the producers themselves, and notes the organization’s commitment to wide consultation with stakeholders.
“We are honored that Fairtrade International continues to be recognized as a global leader in sustainability and ethical standards,” said Dario Soto Abril, CEO of Fairtrade International. “But we’re never complacent. We know there is still much more to do before we achieve trade justice, including decent incomes for workers and producers, which we are actively working to achieve.”
Overall trust and recognition of the Fairtrade mark in the U.S. is on the rise. A recent Globescan study conducted by Fairtrade America to measure consumer awareness revealed that 76% of U.S. consumers would view a brand they already buy more favorably if it carried a fair trade label. In the U.S., Fairtrade America works with 60 brands, and the Fairtrade label appears on more than 5,000 products. For more information on Fairtrade America, visit www.fairtradeamerica.org.
About Fairtrade America
Fairtrade America betters the lives of farmers and workers in developing countries by inspiring businesses to implement ethical production practices and assisting shoppers in making informed purchasing decisions. Fairtrade America is the US chapter of Fairtrade International, the original and global leader in fair trade certification with over 30 years of experience working to make trade fair, with headquarters in more than 30 countries across the globe. A non-profit 501(c)3 organization, Fairtrade America is the world's largest and most recognized fair trade system—part of a global movement for change. Learn more at www.fairtradeamerica.org.
As global concerns grow around the use of per- and polyfluoroalkyl substances (PFAS)—known as the ‘forever chemicals’ because they can persist for thousands of years in the environment—Clean Production Action today released GreenScreen Certified™ Firefighting Foam, the first ecolabel for PFAS-free* firefighting foam products. “Until today no certification existed for PFAS-free firefighting foam products, or that evaluated all chemicals used in these products for their human and environmental health hazards,” highlighted Dr. Mark S. Rossi, Executive Director of the non-profit organization, Clean Production Action.
For decades, chemical manufacturers have manufactured PFAS-containing aqueous film forming foams (AFFF) and firefighters have unknowingly been exposed to them during use in petroleum-based fires, training, and testing of equipment. PFAS use in firefighting foam has contaminated drinking water for millions of people across the planet. Today nearly every US resident and place in the world is contaminated with PFAS chemicals. Exposure to PFAS is associated with cancer, developmental toxicity, immune suppression, high cholesterol, and other health effects, with firefighters at particular risk from their increased and ongoing exposure to PFAS through their work. The number one cause of line-of-duty death for firefighters is cancer. Increased regulation and liability of using PFAS-containing foams, along with increasing environmental and health concerns across the globe, have created demand for PFAS-free firefighting foams.
“GreenScreen Certified makes it simpler for purchasers to identify safer firefighting foams by certifying that they meet rigorous environmental and health criteria,” explained Jen Jackson with the San Francisco Department of the Environment. “As more PFAS-free firefighting foams become available we need to ensure these alternative products are not equally hazardous to firefighting personnel or the environment.”
“The release of the GreenScreen Certified™ Firefighting Foam standard comes at a critical time when more and more state governments in the US and Congress are banning toxic PFAS firefighting foams,” stated Laurie Valeriano, Executive Director of the non-profit organization, Toxic-Free Future. “After Washington State banned PFAS foams, Colorado, New Hampshire, New York and even Congress followed. It is important for companies to certify the foams they make so that firefighters can be assured they aren’t being unnecessarily exposed to other cancer-causing or other harmful chemicals that are replacing PFAS.”
The first four companies with certified products are Angus Fire Ltd, BIOEX, National Foam Inc., and Verde Environmental, Inc. See list of GreenScreen Certified firefighting foam products and download the certification criteria at https://www.greenscreenchemicals.org/certified. Register for the February 25, 2020 webinar at
*PFAS-free is defined as less than 1 part per million (ppm) total organic fluorine as measured by combustion ion chromatography.
About Clean Production Action
Clean Production Action is an independent, non-profit based in the United States. Our mission is to design and deliver strategic solutions for green chemicals, sustainable materials, and environmentally preferable products. Our core programs are: GreenScreen® for Safer Chemicals, BizNGO, the Chemical Footprint Project, and the Investor Environmental Health Network.
GreenScreen is a globally recognized tool designed to assess and benchmark chemicals based on hazard. Companies and governments use GreenScreen benchmark scores to identify chemicals of concern to human health and the environment, select safer alternatives, and to track and communicate their progress. GreenScreen criteria and guidance are fully transparent and available for anyone to use.
GreenScreen Certified™ is an independent, non-profit certification that promotes the use of inherently safer chemicals in products and manufacturing. Products are certified to Bronze, Silver or Gold using the suite of GreenScreen tools.
CONTACT: Kayla Williams, email@example.com, 781-391-6743 x120
Scotiabank, a leading bank in the Americas, today announced that it has been included in the 2020 Bloomberg Gender-Equality Index (GEI), which recognizes companies committed to transparency in gender reporting and gender equality in the workforce. This is the third year in a row that the Bank has been included in the index.
The 2020 GEI comprises 325 companies representing 42 countries and regions across 50 industries including automotive, banking, consumer services, engineering and construction, and retail.
"We believe an inclusive workforce creates opportunities for every future," said Barb Mason, Group Head and Chief Human Resources Officer, Scotiabank. "We've long been a champion for the advancement of women and know how important it is to our customers and employees that we reflect the diverse communities across our global footprint. It's essential to building winning teams and to building a better Bank."
"We're proud to be recognized for our efforts supporting gender equality and the advancement of women in the workforce – we continue this work every day."
Using a standardized reporting framework, the GEI tracks the financial performance of public companies committed to supporting gender equality through policy development, representation, and transparency, and measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.
Scotiabank's commitment to prioritize equality and the inclusion of women include:
Building an inclusive workforce where 39 per cent of Vice Presidents and above in Canada, and 35 per cent of Vice Presidents and above globally, are women
Signing onto the UN Women's Empowerment Principles (WEPs), which offer guidance to businesses on how to promote gender equality and women's empowerment in the workplace
Launching The Scotiabank Women Initiative™, a comprehensive program that supports women-owned, women-led businesses in Canada through Access to Capital, Mentorship and Education – the program has committed to allocate $3 billion in funding over its first three years
Committing to equal access to our financing solutions and to ensure our lending practices are free of bias
Increasing the representation of women on Scotiabank's Board of Directors by 10 per cent since the Bank established a Board Diversity Policy in 2013 – 38 per cent of the directors are women
Being the first Canadian Bank to publicly disclose the gender pay gap analysis for Canadian employees
Introducing mandatory conscious inclusion training to all employees globally
Scotiabank is a leading bank in the Americas. We are here for every future. We help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 100,000 employees and assets of over $1 trillion (as at October 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.
For further information: Media Contacts: Hazel Mistry, Scotiabank, firstname.lastname@example.org, 416-866-6744
Moody’s Corporation (NYSE: MCO) today announced that it has been named to the 2020 Bloomberg Gender-Equality Index (GEI) for the first time. The GEI tracks the financial performance of public companies committed to supporting gender equality. Firms included in the 2020 GEI have provided a comprehensive look at their investment in workplace gender equality and the communities in which they operate.
“Moody’s invests in workplace gender equality to ensure that our company reflects the diverse communities we serve,” said Raymond McDaniel, President and CEO of Moody’s Corporation. “We’re proud to have our efforts recognized and to be included in the 2020 Bloomberg Gender-Equality Index for the first time.”
Moody’s was included in this year’s index for scoring at or above a global threshold established by Bloomberg across the framework’s five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.
“To successfully recruit, retain, and elevate future leaders, it’s paramount for companies to understand the specific needs of one of their largest talent pools – women,” said Melanie Hughes, Chief Human Resources Officer at Moody’s Corporation. “Moody’s commitment to promoting inclusivity is exhibited through the many policies, resources and services we have in place to support women in the workplace.”
Moody’s supports gender equality globally by partnering with community organizations that provide the resources for women and girls to have a better future. Through its signature financial empowerment initiative, Reshape TomorrowTM, the company works with WEConnect International to provide women entrepreneurs with credit training to help them access the capital they need to grow their businesses. Moody’s also collaborated with Girls Inc. to develop the Moody’s Generation Giga Girls program that provides girls of high school age with data analytics and critical thinking skills necessary for careers in financial services.
"The 325 companies included in the 2020 GEI have shown their commitment to transparency and demonstrated leadership in gender-related data reporting," said Peter T. Grauer, Chairman of Bloomberg. "Disclosure of company statistics and practices is an important first step in supporting gender equality globally."
ABOUT MOODY’S CORPORATION
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.4 billion in 2018, employs approximately 10,900 people worldwide and maintains a presence in 44 countries. Further information is available at www.moodys.com.
Source: Moody’s Corporation Investor Relations
T. Rowe Price has relaunched its Money Confident Kids® program, a financial education program teaching basic financial concepts to middle school-age children, as a new five-step program with a refreshed website. The five steps outlined on the new site are designed to build on each other and simplify the process of teaching core financial concepts to kids.
The steps are systematically organized and focus on basic financial concepts of:
Setting a financial goal
Rate of return
Inflation and time horizon
Since the launch of its financial education efforts in 2009, T. Rowe Price continues its mission of promoting financial capabilities and working to build confidence not only in kids, but also in adults who might struggle with how to navigate conversations about finances with kids. T. Rowe Price’s 2019 Parents, Kids & Money Survey found that half of parents have some reluctance to discuss money matters with their kids.
The Money Confident Kids program’s content is intended to be administered by an adult and serves as a turnkey solution for teachers, parents, and volunteers to discuss money matters with kids. By creating a more systematic process for adults, the program offers a shelf-ready approach to teaching financial concepts in the classroom and home. Each step has downloadable lessons and activities for kids. The refreshed site also includes games, tips, and other resources.
Over the past 10 years, T. Rowe Price’s financial education efforts have reached 12 million people.1
Renee Christoff, head of Global Associate Engagement + Corporate Social Responsibility at T. Rowe Price
“Helping kids develop financial capabilities is the first step toward helping the next generation of adults achieve financial security. Our Money Confident Kids program offers a non-intimidating way to learn—for kids and teachers and parents. We’re excited to offer a new experience for our users and support their continued use of the Money Confident Kids program in the classroom and home.”
About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), is a global investment management organization with $1.21 trillion in assets under management as of December 31, 2019. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com or our Twitter, YouTube, LinkedIn, Instagram, and Facebook sites.
1 Total reach of websites, online games, apps, exhibits, programs with Scholastic and Junior Achievement, and sponsored events.
MONEY CONFIDENT KIDS is a registered trademark of T. Rowe Price, Group, Inc.
CIT, a leading national bank, today announced it received a score of 100 percent on the Human Rights Campaign Foundation’s 2020 Corporate Equality Index (CEI), the nation’s premier benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. As part of the recognition, CIT has also been designated a Best Place to Work for LGBTQ Equality.
“CIT is committed to fostering an inclusive workplace for our employees, where different perspectives are respected, and the highest ethical standards are upheld,” said CIT Chief Human Resources Officer Jim Duffy. “We’re thrilled to receive this recognition and are proud to join the ranks of other leading U.S. businesses that also earned top marks this year.”
The results of this year’s CEI showcase how 1059 U.S.-based companies are promoting LGBTQ-friendly workplace policies in the U.S. and helping advance the cause of LGBTQ inclusion in workplaces abroad. The CEI rates companies on detailed criteria based on five categories: non-discrimination policies, employment benefits, demonstrated organizational competency and accountability around LGBTQ diversity and inclusion, public commitment to LGBTQ equality, and responsible citizenship.
In 2019, CIT created the Be You diversity and inclusion program to encourage engagement and build a workplace where employees can bring their best selves to work. The program includes an LGBTQ Employee Resource Group dedicated to fostering internal networking, development and community involvement.
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.
Documentary producers Tree Media, who brought feature films like “The 11th Hour” and “Ice on Fire” to viewers worldwide, have created a new short film in partnership with the Biomimicry Institute called “The Promise of Biomimicry.” The 20-minute film premieres this Thursday, January 23 during a live, global watch party at 12pm PT / 3pm ET at biomimicry.org/the-promise-of-biomimicry/. Viewers can also tune in on the Institute’s Facebook, YouTube, and Vimeo channels.The film documents how young entrepreneurs are utilizing biomimicry to solve human sustainability challenges. Janine Benyus, co-founder of the Institute and author of the acclaimed book Biomimicry: Innovation Inspired by Nature, walks viewers through the emerging discipline and highlights how a new generation of innovators can look to the natural world for design and engineering “blueprints.” Learn how the Institute is creating an open access platform for nature-inspired education through AskNature, the curated online library featuring thousands of nature’s strategies and hundreds of bio-inspired applications to practice biomimicry; the Biomimicry Global Design Challenge that offers education through guided practice; the Biomimicry Launchpad fueling startups with tools they need to form a company with a nature-inspired solution; and the Ray of Hope Prize®, where a young company is given a $100,000 investment to commercialize their biomimetic product or service. “The film touches on the lives of our team members from around the world, what problems they are trying to fix and how biology has led them on a very different path to innovating. The scale of the problems in front of us — from enough food for all to preserving habitat for the other 8.7 million species on the planet — is immense,” said Beth Rattner, Executive Director of the Institute. “But there is tremendous solace in knowing that there is a nature-based function we can learn from. Our free, open access programs give everyone a chance to make a difference.” A dozen startup companies are featured in the film, working on bringing their biomimetic innovation to market. From a mosquito-control device called UPOD that is inspired by the bladderwort plant to an eco-friendly approach to sewage treatment that mimics a cow’s digestive system by EcoSTP, these teams are looking to biological strategies to create sustainable solutions for a myriad of challenges humans face. Nucleário, the 2018-19 winner of the Ray of Hope Prize, also introduces its product that enables large-scale ecological restoration of forests. Inspired by bromeliads (think of the tops of pineapples), Nucleário accumulates rainwater, creates a physical barrier against leaf-cutting ants, and reduces the use of herbicides and pesticides. Additional companies featured include Phalanx Insulation, Watchtower Robotics, Aruga Technologies, NexLoop, among several others. As a practice, biomimicry shows designers how to fit in with the surrounding environment sustainably and offers millions of years of “research and development” to tap into for inspiration. As a movement, it gives people hope, because there is relief in knowing solutions exist. To see biomimicry in action and further an understanding of this new way of living, join us this Thursday, January 23 at 12p PT / 3p ET for a live watch party of the short film: The Promise of Biomimicry at biomimicry.org/the-promise-of-biomimicry/. This film was sponsored by Wyncote Foundation and supported by the Ray C. Anderson Foundation. To see the first film about biomimicry directed by Tree Media’s Leila Conners, which was made possible by Leonardo DiCaprio and Executive Producer Oliver Stanton, visit https://www.treemedia.com/biomimicry. For more information on nature-inspired design, visit biomimicry.org. And to join the movement and solve for a challenge, register for the 2020 Biomimicry Global Design Challenge. The next great idea may be waiting right outside. About the Biomimicry Institute The Biomimicry Institute is a 501(c)(3) not-for-profit organization founded in 2006 that offers open access education for nature-inspired solutions. The Institute gives people a way to design for a healthy planet with AskNature.org, a free online resource that contains strategies found in nature and examples of ways they are used in design. It also hosts a Biomimicry Global Design Challenge and Youth Design Challenge to provide project-based education, a Launchpad for entrepreneurship to bring designs to market, and a Global Biomimicry Network to connect innovators. To support its work and get involved in the biomimicry movement, visit biomimicry.org and connect with the team on social media. RESOURCES Beth Rattner at Climate One: What Is Biomimicry? These Students Came up With an Ingenious Way to Keep Buildings Cool Biomimicry Institute Blog: 10 Finalist Teams Use Nature's Lessons to Create Climate Change Solutions CONTACT
Valerie Bennett +1 (770) 317-5858 email@example.com Ray C. Anderson Foundation http://www.raycandersonfoundation.org Lex Amore +1 (678) 770-8305 firstname.lastname@example.org Biomimicry Institute http://www.biomimicry.org
Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has been named one of the “World’s Most Admired Companies” by Fortune for the eighth consecutive year.
“It’s an honor to be recognized once again as one of the world’s most admired companies,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand and of the future Trane Technologies. “Our dedicated employees around the globe are the driving force behind our winning culture and success. With sustainability embedded in all we do, we have a responsibility to challenge what’s possible. That includes enhancing opportunities for all in our workplace and communities, and innovating for a more sustainable world.”
Developed annually by FORTUNE Magazine and the Korn Ferry Hay Group, the World’s Most Admired Companies list is the definitive report card on corporate reputation.
To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. For the complete rankings, visit www.Fortune.com.
Ingersoll Rand Transaction Announced in April
In April 2019, Ingersoll Rand announced that it would spin off and merge its Industrial segment with Gardner Denver to create a global industrial leader, expected to be called Ingersoll Rand. The remaining company, a global climate innovator, will be named Trane Technologies and is expected to trade on the New York Stock Exchange under the ticker “TT.” The transaction is expected to close in early 2020.
Through its strategic brands, Trane® and Thermo King®, and portfolio of climate-focused innovations, Trane Technologies will create efficient and sustainable solutions for buildings, homes and transportation.
Our 2030 Commitments
Ingersoll Rand was the first industrial company to announce its 2030 ESG Commitments upon accepting the World Environment Center's 35th Annual Gold Medal for International Corporate Achievement in Sustainable Development in May 2019. These commitments will be pursued by Trane Technologies and include:
- The Gigaton Challenge: Meet the challenge of climate change including reducing customer carbon footprint from buildings, homes and transportation by one gigaton CO2e. This is the largest customer climate commitment made by any business-to-business company and is equivalent to approximately 2% of the world’s annual emissions.
- Leading by Example: Transform its supply chain and operations to have a restorative impact on the environment including achieving carbon neutral operations and giving back more water than it uses in water-stressed areas.
- Opportunity for All: Strengthen economic mobility and bolster quality of life including gender parity in leadership roles, a workforce reflective of its community populations, maintaining livable market-competitive wages and broadening community access to cooling comfort, housing and food.
To learn more, visit www.IngersollRand.com/2030.
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About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club Car®, Ingersoll Rand®, Thermo King® and Trane® — work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.
This news release includes “forward-looking statements,” which are statements that are not historical facts, including statements that relate to the intent of the Company to change the name of the Company to Trane Technologies plc and our 2030 sustainability targets. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, the ability to obtain shareholder approval of the Company’s change of name; global economic conditions, and regulatory developments. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2018, as well as our subsequent reports on Form 10-Q and other SEC filings. Forward-looking statements also include statements that relate to the proposed Reverse Morris Trust transaction with Gardner Denver Holdings, Inc. (GDI).
These forward-looking statements are based on GDI’s and Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from GDI’s and Ingersoll Rand’s current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) that one or more closing conditions to the transaction, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed transaction, may require conditions, limitations or restrictions in connection with such approvals or that the required approval by the stockholders of GDI may not be obtained; (2) the risk that the proposed transaction may not be completed on the terms or in the time frame expected by Ingersoll Rand or GDI, or at all, (3) unexpected costs, charges or expenses resulting from the proposed transaction, (4) uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; (5) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the proposed transaction or integrating the businesses of GDI and Ingersoll Rand Industrial, or at all, (6) the ability of the combined company to implement its business strategy; (7) difficulties and delays in the combined company and ClimateCo achieving revenue and cost synergies; (8) inability of the combined company and ClimateCo to retain and hire key personnel; (9) the occurrence of any event that could give rise to termination of the proposed transaction; (10) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability, (11) evolving legal, regulatory and tax regimes; (12) changes in general economic and/or industry specific conditions; (13) actions by third parties, including government agencies; and (14) other risk factors detailed from time to time in Ingersoll Rand’s and GDI’s reports filed with the SEC, including Ingersoll Rand’s and GDI’s annual reports on Form 10-K and subsequent 10-Qs. We assume no obligation to update these forward-looking statements.
Data is poised to tell the story of our utility systems. But are we ready to listen?
Advances in technology are pushing critical human infrastructure in exciting new directions, creating both risk and reward for utilities eager to become more sustainable, efficient, reliable and resilient. Black & Veatch’s 2020 Strategic Directions: Smart Utilities Report, released today as a free download, explores the challenges and opportunities ahead for a grid tested simultaneously by climate shocks, aging equipment and the influx of intermittent and often volatile distributed energy resources (DER).
More than 625 industry respondents indicated that data and analytics are increasingly critical to delivering this long-promised grid of the future. These technologies offer new levels of communications and IT/operational technology (OT) convergence with hardware and software innovations, which provides utilities with deeper levels of insight while preparing them to meet the challenges of distributed generation head on — ultimately delivering smarter, faster and more resilient distribution networks.
Built on the expansive responses collected in this year’s annual survey of electric, natural gas and water utility leaders in North America, Black & Veatch explores the advent of the digital grid, the impacts of renewable energy, the complexities of network management and the persistent threat of cyberattacks. These challenges will increasingly require integrated technology solutions that enable networks to talk with each other, share data and give utility leaders actionable information about the health and resilience of their systems.
“Fully integrated communications infrastructure will be critical to support utilities’ smart grid initiatives,” writes John Janchar, president of Black & Veatch’s telecommunications business, in the report’s opening piece. “This means not only upgrading the operational assets — the poles, wires and distribution switches — but also upgrading the communications networks that connect and enable these systems to work together.”
The report finds utilities striving to move forward in a rapidly modernizing world even as they remain challenged by outdated regulatory and business models. Two-thirds of respondents see improved reliability as the largest driver of distribution modernization efforts, followed by improved operational efficiency (43 percent), concerns about aging infrastructure (43 percent), and the promise of increased monitoring, control and automation capabilities (39 percent).
Aging infrastructure and the increasing penetration of DER continue to test grid resilience, even as climate change drives major fluctuations in weather and raises the pressure on aging systems. To boost resilience, the survey finds, utilities are actively embracing data and using it to root out the biggest vulnerabilities while simultaneously strengthening their assets to make them more cost-efficient and sustainable.
Although progress is being made, barriers remain. More than half of survey respondents (54 percent) cited budget constraints as a critical inhibitor of modernization, followed by managing competing priorities (38 percent), regulatory hurdles (37 percent) and a lack of resources and expertise (35 percent). Paying for these upgrades will be the biggest future challenge – not only do utilities have to find the funding, but they must accurately understand and capture the total capital infrastructure investment.
“Truly delivering the grid of the future will require more than simply bolting on new features and technologies,” said John Chevrette, president of Black & Veatch Management Consulting. “It will require a sweeping shift toward digitalization, with utilities embracing and investing in holistic and integrated communications networks that will bring it all together.”
Other key findings include:
One-third of survey respondents plan to spend more than $200 million to modernize their distribution infrastructure over the next three years.
Utilities are actively beefing up cybersecurity, with a combined 84 percent implementing active cybersecurity monitoring and 13 percent planning to do so.
Integrated systems planning will continue to gain in importance, with 80 percent of respondents viewing the integration of its planning functions as “very or extremely important.”
Approximately one in five respondents currently monitor and control – but do not own – third-party owned DER. Thirty-nine percent only monitor while 24 percent are in the planning stages.
Encouraged by promises of upgraded infrastructure, nearly half of respondents see 5G attachment as an opportunity; but 25 percent see it as a challenge and 27 percent view it simply as a requirement.
Respondents ranked OT, IT/communications and security departments as the top three teams to lead distribution automation efforts.
When it comes to non-wire alternatives, one in four respondents consider them as part of their standard operating procedures.
Black & Veatch’s report is based on a survey of more than 625 qualified utility, municipal, commercial and community stakeholders.
The report includes insights from Black & Veatch’s software subsidiary, Atonix Digital.
A free copy of the report is available to download at www.bv.com/reports.
About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2018 were US$3.5 billion. Follow us on www.bv.com and on social media.
Media Contact Information:
MELINA VISSAT | +1 303-256-4065 P | +1 617-595-8009 M | VissatM@BV.com
24-HOUR MEDIA HOTLINE | +1 866-496-9149
Ecolab Inc., the global leader in water, food safety and public health technologies and services, has been named to Bloomberg’s 2020 Gender-Equality Index (GEI). The GEI tracks the financial performance of public companies committed to supporting gender equality through policy development, representation and transparency. Ecolab is one of 325 companies across 50 industries to be included in the 2020 index.
“Our diverse teams are helping us fuel greater innovation, drive stronger performance and accelerate our growth,” said Chairman and CEO Douglas M. Baker, Jr. “We’re working hard to ensure Ecolab is a place where everyone can create, contribute and grow in their careers, and feel respected and valued.”
The GEI measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. This year, Bloomberg expanded the eligibility for inclusion in the index to nearly 6,000 companies across 84 countries and regions.
About the Bloomberg Gender Equality Index:
The GEI expanded in 2020 to represent 84 countries and regions and a variety of industries, including automotive, banking, consumer services, engineering and construction, and retail. Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2020 GEI have provided a comprehensive look at their investment in workplace gender equality and the communities in which they operate. Ecolab was included in this year’s index for scoring at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars.
To learn more, please visit the GEI website at www.bloomberg.com/gei/.
A trusted partner at nearly three million commercial customer locations, Ecolab (ECL) is the global leader in driving business performance while protecting people and vital resources. With annual sales of $15 billion and 50,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and personalized service to advance food safety, maintain clean environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com
January 21, 2020
ENERGY STAR® Partner of the Year LG Electronics USA was selected by the National Association of Home Builders (NAHB) as Platinum Partner for The New American Home® (TNAH) and The New American Remodel® (TNAR), the official show homes of the 2020 International Builders’ Show® in Las Vegas this week.
Innovative home appliances, consumer electronics, solar panels and HVAC technologies from LG Electronics are delivering energy efficiency, environmental sustainability, connectivity, convenience, performance and energy efficiency to these “Net Zero” homes in the Nevada desert. Both homes were designed to achieve National Green Building Standard “Emerald” certification, ENERGY STAR building certification, and Net Zero status from the U.S. Green Building Council.
TNAH and TNAR are state-of-the-art showcase houses illustrating how any home can be transformed into a high-performance, high-tech space when integrating today’s building and appliance innovations to reduce energy consumption, increase efficiency and enhance daily life.
Advanced Renewable Solar Energy Solutions for Net Zero Homes
Key to TNAH’s and TNAR’s environmental sustainability and aesthetically appealing designs are rooftop installations of high-efficiency solar modules from residential solar energy leader LG Electronics. LG NeON® R 60-cell panels will help power both homes to support their Net Zero designs. LG’s NeON R modules are designed to maximize sunlight absorption, and they can generate the highest possible power output – as much as 26 percent more than other comparably-sized solar panels.
LG modules are among the most popular in the U.S. residential solar market both for new construction and renewable-energy upgrades to existing homes. They feature high power outputs and outstanding durability that perform well in a variety of environments and weather conditions. LG’s solar offerings not only provide a high-performing energy solution, but also fit into a variety of configurations, blending in unobtrusively to the look and feel of the home’s design. They are backed by LG’s strong 25-year product and performance warranty.
Super-Efficient and Sleek Air Conditioning Technologies
Featuring myriad of super-efficient HVAC systems and controls, TNAR embeds sleek ENERGY STAR certified LG air conditioning solutions that complement the home’s unique design characteristics.
To operate the various types of indoor units, TNAR features two award-winning LG Multi V™ S 5-ton Heat Recovery outdoor units. They are connected to 10 indoor units of four different types. LG’s aesthetically pleasing Art Cool™ Gallery and Mirror, High Static Ducted and Vertical Air Handler units all fit seamlessly into the high-end design of the home. Integrated with the home’s smart ecosystem, these customizable and flexible home comfort solutions are easily controlled via wall-mounted controllers or with a smartphone using the LG ThinQ app.
LG Electronics: Innovation for a Better Life
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $54 billion global innovator in technology and manufacturing. In the United States, LG’s focus on Innovation for a Better Life is exemplified by a wide range of innovative home appliances, home entertainment products, mobile phones, commercial displays, air conditioning systems, solar energy solutions and vehicle components. The “Life’s Good” marketing theme encompasses how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. LG is a 2019 ENERGY STAR® Partner of the Year-Sustained Excellence. www.LG.com.
The New American Home: Desert Aesthetics Meet Elegance
TNAH 2020, located just outside of Las Vegas in Henderson, Nev., represents current trends towards sleek, clean and simple lines, minimal décor, abundant light, and flat rooflines that match the surrounding foothills. This tranquil sanctuary from the spirited atmosphere of Las Vegas exhibits a combination of earth, natural stone, amid the McCullough mountain ranges to help capture a modern aesthetic in the desert. The one-story, 7,683-square-foot masterpiece built by Sun West Custom Homes features more than 6,400 square feet of living space with the incredible kitchen, four bedrooms, five-plus baths, two showroom garages, a luxurious great room, elegant wine room, multiple water features surrounding the courtyard, beautiful fire features and an outdoor heated entertainment area.
The New American Remodel: Melding Sustainability and Modern Design
TNAR 2020 is a state-of-the-art, modern-day marvel that exhibits a sustainable vision by showcasing innovation, exceptional design, and energy efficiency featuring products and systems that incorporate current trends in the housing industry. Element Building Company and Architecture by Phil Kean transformed this property into a two-story masterpiece totaling 7,523 square feet (4,802 square feet of living space) within a charming, well-established equestrian community in the Las Vegas area. Each year, TNAR program selects an existing home for a comprehensive remodel to demonstrate the very latest in building techniques, concepts, materials, and designs. TNAR 2020 features a sleek and unique chef’s kitchen, five bedrooms, four bathrooms, showroom three-car garage, indoor-outdoor living features in the courtyard, spa, pool, fire features, an elegant wine room, five fireplaces and a rooftop terrace with views of the Las Vegas Strip.
LG Electronics USA
John I. Taylor
+ 202 719 3490
A new report titled “Advancing Frontline Employees of Color: Innovating for Competitive Advantage in America’s Frontline Workforce” was released today as a resource and call to action for employers to support the advancement of frontline employees of color. The report produced in partnership by FSG, a mission-driven consulting firm, and PolicyLink, a national research and action institute, through support from Walmart, shows that companies that are successful in advancing racial equity go beyond traditional diversity and inclusion efforts by shifting their management and HR practices and transforming their company cultures. These leading companies implement evidence-based practices and policies that fall under three strategic opportunity areas: 1)building internal capacity for an inclusive, understanding, and adaptive culture; 2)strengthening management and HR systems, policies, and practices; and 3)intentionally investing in the development of frontline employees of color.
People of color are predicted to be the majority of the U.S. population by 2044, with purchasing power exceeding $3.4 trillion according U.S. Census Bureau and Nielsen projections. Changing demographics, impending automation, and consumer demand for companies to address societal issues create enormous opportunities for employers to generate business value by advancing frontline employees of color. The report reveals that employers who do this experience significant business benefits, including a management talent pipeline that mirrors their evolving customer base; a more productive, loyal workforce that boosts their bottom line; and enhanced brand equity with customers and communities.
“At a time when there are rising societal expectations for companies to embrace a more active role in society and lead with an ambitious corporate purpose, employers of frontline employees of color face an unprecedented opportunity to advance racial equity as a source of competitive advantage by intentionally finding ways to advance the careers and enhance the experience of those employees,” says Fay Hanleybrown, managing director at FSG. “Our goal for this report is to not only demonstrate the business case for strategically supporting the advancement of employees of color, but to provide immediate, actionable steps to reduce the challenges these employees face. ”
“In the US today, there are 100 million people—a majority of whom are people of color—living at or near poverty,” said PolicyLink President and CEO Michael McAfee. “Many in that number are—or could be—frontline workers as well as consumers of products created by businesses like Walmart, Sodexo, and Starbucks. As the nation’s shifting demographics point towards a growing majority people of color,” he continued, “it behooves us to understand how building cultures that value the contributions of all, creating equitable outcomes for everyone, and investing in the development, recognition, and promotion of more frontline employees of color is a foundational step toward creating an equitable economy for everyone.”
The research surfaces 23 evidence-based practices and policies, which, when implemented for all employees, can create a disproportionately positive impact for employees of color and their advancement. These range from evaluating managers on diversity, equity and inclusion efforts; extending health insurance to part-time workers; creating flexible scheduling policies; and cross training and reskilling employees to succeed in new roles.
Walmart, Sodexo and Starbucks are employers featured in the report that have successfully implemented a range of these best practices to achieve the desired outcome of increasing the promotion rate for employees of color to management positions.
Working toward greater racial equity is an ongoing and iterative process that requires active commitment and changes in culture and practice. Executives, HR professionals, Diversity, Equity and Inclusion leaders, and local managers all play critical roles in the ongoing, evolving process of improving workplace culture and practice toward racial equity. The report also identifies five practical steps companies can take to accelerate meaningful action towards implementing the evidence-based practices:
Develop an understanding of internal and external factors that contribute to historical and present-day race-specific inequity at their organization.
Collect and disaggregate data on employees by race, gender, and other identity factors—both company-wide and at the store/location level—to understand the company’s existing talent base and inequities within it.
Assess the company’s current efforts to uncover and interrupt hidden institutional and individual biases affecting frontline employees of color.
Pilot the evidence-based practices, paying close attention to whether they are meeting the needs of frontline employees of color.
Measure, adapt, and share lessons learned from implementation of these practices.
“At Walmart, we’ve accelerated our enterprise-wide commitment to foster a more inclusive and equitable workplace,” says Ben Hasan, Senior Vice President and Chief Global Culture, Diversity & Inclusion Officer for Walmart Inc. “Collectively, we are seeing indications that our strategies and initiatives are resulting in positive change as Walmart realized a 5 percent increase in hourly-to-management promotions for people of color from FY18 to FY19 and saw overall hourly representation for people of color in the U.S. increase from 44.42% to 45.16% over the same period.”
“Over the past two decades Sodexo has continuously adapted and evolved its practices in order to support our Frontline Employees of Colors”, says Gerri Mason Hall, Chief Diversity & Social Responsibility Officer for Sodexo Americas. “By articulating and communicating a clear business case for DEI investments, we have seen a 36% increase in the representation of people of color in manager roles.”
The report findings are based on extensive interviews with companies, experts, and frontline employees of color, a secondary research scan, and a rigorous statistical analysis of HR practices affecting 2.6 million U.S. retail employees over a 30-year time period conducted by experts at Harvard University and Tel Aviv University.
To read the full report, “Advancing Frontline Employees of Color: Innovating for Competitive Advantage in America’s Frontline Workforce,” visit https://www.fsg.org/publications/advancing-frontline-employees-color
About FSG: FSG is a mission-driven consulting firm supporting leaders in creating large-scale, lasting social change. Through customized consulting services, innovative thought leadership, and support for learning communities, we help foundations, businesses, nonprofits, and governments around the world accelerate progress by reimagining social change. Learn more at www.fsg.org.
About PolicyLink: PolicyLink is a national research and action institute advancing racial and economic equity by Lifting Up What Works®. Engaging the wisdom, voice, and experience of people in local communities, PolicyLink has found, is essential to finding solutions to the nation’s challenges. Learn more about PolicyLink at www.policylink.org.
UPS announced today that it has deployed five eBikes in Copenhagen, one in Stockholm and one in Aarhus as part of its global effort to improve the sustainability of its deliveries. As a result of these new alternative fuel vehicles being introduced, UPS operates three fewer 7.5-tonne diesel delivery vehicles in Denmark and one less diesel delivery vehicle in Sweden every day.
“By replacing 240 daily stops of fossil fuel vehicles in Copenhagen, 60 in Stockholm and 50 in Aarhus with eBikes, we are helping to reduce emissions and congestion in city centers. Copenhagen and Stockholm plan to be carbon-neutral cities by 2025 and 2040 respectively, and as a company looking at ways to reduce our carbon footprint, we are proud to be part of this effort,” said Frank Jørgensen, country manager, UPS Nordics. “UPS has set itself the ambitious goal to reduce the absolute greenhouse gas emissions of its global ground operations by 12% by 2025. Increasing our use of eBikes is an important part of how we plan to achieve this goal”.
The UPS Foundation Contributes an Initial $500,000 in Funding and Logistics Support for Relief Efforts in Australia, Puerto Rico and The Philippines
The UPS Foundation, which leads the global citizenship programs for UPS, announced today it is providing support to preeminent relief organizations bringing life-saving supplies and services to areas in Australia, Puerto Rico and the Philippines impacted by wildfires, earthquakes and the eruption of the Taal Volcano.
“Our hearts go out to all the lives being impacted by these terrible disasters,” said Eduardo Martinez, president of The UPS Foundation and UPS chief diversity and inclusion officer. “The scale of devastation is stunning, and each situation is complex in its own way. We’re grateful to be able to engage our relief partner organizations working to bring relief to these areas, and we’re committed to continuing our efforts as recovery begins.”
June Holder +1 (404) 828-4805 email@example.com UPS