Month: June 2023

– Gold Halo Award recipient for Best Education Initiative
– Civic 50 Honoree for the third consecutive year
– Ranked among the top three automakers in 2023 Axios Harris Poll

CAMDEN, N.J., June 14, 2023 /3BL Media/ – Subaru of America, Inc. today celebrated three recent prestigious honors exemplifying the company’s commitment to corporate citizenship and social impact through its Subaru Love Promise initiatives. Along with the 2023 Engage for Good Gold Halo Award for Best Education Initiative for the Subaru Loves Learning® program, Subaru was recognized as a Civic 50 2023 Honoree for the third year in a row, and also ranked 16th among the most visible brands in America on the 2023 Axios Harris Poll 100 Reputation Rankings.

“We’re incredibly honored by these recognitions and awards as we continue our work to be More Than a Car Company,” said Alan Bethke, Senior Vice President of Marketing at Subaru of America, Inc. “For years, on both a national and local level, our employees, retailers, and charitable partners have helped communities across the country by supporting the causes and issues that impact them most. Acknowledgements like these are a great reminder of the importance of continuing this work together.”

The Halo Awards, presented by Engage for Good, celebrates companies that have made a significant impact through cause marketing and social impact programs. Subaru was honored with the 2023 Gold Halo Award for Best Education Initiative in recognition of its commitment to supporting education and its partnership with AdoptAClassroom.org. Specifically, through the 2022 Subaru Loves Learning initiative, Subaru and 621 participating retailers helped alleviate teachers’ financial burden by donating $3.3 million to 652 high-needs schools and 5,699 teachers across the United States. The Subaru Loves Learning initiative not only involves financial donations but also includes in-person events where Subaru retailers deliver supplies to local schools year after year.

In addition to the Gold Halo Award, Subaru was recently recognized as a Civic 50 Honoree for the third consecutive year. The Civic 50 Award highlights the 50 most community-minded companies in the United States each year and has served as a national standard since its inception in 2012 for superior corporate citizenship, spotlighting companies that use their resources to improve the quality of life in the communities where they operate. The inclusion of Subaru in this esteemed list reaffirms its dedication to making a positive difference.

Subaru was also ranked among the top three automakers on the 2023 Axios Harris Poll 100 Reputation Rankings of the most visible brands in America. The Axios Harris Poll 100 is a trusted measure of the reputation of companies that resonate most with the American public. The high placement of Subaru on this list underscores the company’s strong reputation among consumers.

“These accolades highlight Subaru’s ongoing efforts across the country to contribute meaningfully to the communities where we live and work,” said Shira Haaz, Head of Corporate Responsibility. “We’re thankful to our partners, retailers, and of course our employees, for giving us the opportunity to progress alongside them as we work together to fulfill the Subaru Love Promise.”

To learn more about Subaru Love Promise, please visit subaru.com/love-promise.

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About Subaru of America, Inc. 

Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile manufacturing plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company’s vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA and the SOA Foundation have donated more than $300 million to causes the Subaru family cares about, and its employees have logged nearly 88,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do. For additional information visit media.subaru.com. Follow us on Facebook, Twitter, and Instagram.

Diane Anton 
Corporate Communications Manager 
(856) 488-5093 
danton@subaru.com

Adam Leiter 
Corporate Communications Specialist 
(856) 488-8668 
aleiter@subaru.com

Schneider Electric

Six global partners recognized for outstanding performance in decarbonizing their own operations and that of their customers

BOSTON /3BL Media/ – Schneider Electric, the leader in the digital transformation of energy management and automation, announced the six global winners of the inaugural Schneider Electric Sustainability Impact Awards. Among 241 submissions, the winners were distinguished by their pioneering decarbonization efforts, both within and beyond their organizations.

Launched in 2022, the Schneider Electric Sustainability Impact Awards celebrates leaders that prioritize innovation and decarbonization. Partners are afforded the opportunity to enter in two categories. The first, “Impact to My Company” recognizes those who exhibit outstanding sustainability leadership in their own operations. The second, “Impact to My Customers” rewards those who demonstrate exceptional sustainability leadership by helping customers achieve their decarbonization goals.

Entrants were assessed based on their successful implementation of innovations, products and digital solutions to electrify operations, reduce energy supply, increase operational efficiency, and embrace circularity across the value chain. Winners are accorded significant benefits, including global visibility, a valuable credential, and new business opportunities. The awards also provide a first of its kind educational program for partners in the industry.

Sustainability Impact Awards 2023 Winners

Category One: Impact to my Company

Hewlett Packard Enterprise, United States is focused on transitioning to clean energy alternatives through a hybrid approach that includes renewable assets, power purchase agreements, green tariff programs, and green contracts. They are implementing transportation strategies such as modal shifts, zero- and low-emission vehicles, and sustainable aviation fuels to reduce their carbon footprint. The company also uses green materials and product design, implements packaging innovation, meets sustainability standards, offers transparency on environmental impact, and reduces waste at all their sites.Boer (Wuxi) Power System Co., Ltd, China has established decarbonization targets as part of its sustainability journey and embraced electrification and digitalization to build resilient operations, including a smart forklift scheduling management system that helps improve production efficiency. The company’s headquarters has a 1.5MW photovoltaic rooftop and an ENP-B charging station that lays the foundation for the further popularization of electric vehicles.Michael Smith Switchgear, United Kingdom and Ireland is committed to sustainability in all aspects of its business, having achieved carbon-neutral status. To reduce energy consumption and use of raw materials, the company has digitized operations, adopted electric vehicles, and installed LED lighting and solar panels. The company is sourcing alternative materials for products and consolidating deliveries to reduce their carbon footprint. Future plans also account for a rainwater storage system and a green roof.

Category Two: Impact to My Customers

Ramboll, Finland is a multidisciplinary engineering, design, and consultancy company that operates in 35 countries and employs 17,000 people globally. The company designs sustainable energy-based solutions for customers’ building service systems and power distribution systems, including electrification of heating systems with heat pump and solar power solutions in buildings and urban sites. The company integrates EcoStruxure™ solutions across connected products to allow data-enabled decision making and performance management.Faith Technologies Incorporated (FTI), United States is a national leader in electrical planning, engineering, design, and installation. It helps customers achieve their sustainability goals with its Path to Smarter Energy process, which involves gathering energy usage data, identifying ways to conserve energy, determining whether on-site renewable generation is a viable option, and integrating energy storage to achieve net-zero carbon emissions. The company also installs EcoStruxure™ solutions to simplify and digitize customers’ power distribution to protect people, safeguard assets, and maximize business continuity and performance.Ad-Sol Nissin Corporation, Japan is Schneider’s only system integrator partner in Japan. The company has introduced EcoStruxure™ solutions to their customer, the largest electric utility company in Japan, to support its implementation of a regional microgrid business. The company is also helping another customer to optimize production management in its automobile manufacturing processes and provides consulting services for carbon-neutral platforms to other industries, including railway companies.

“Now is the time to address the global energy crisis – it’s our top priority. However, we cannot accelerate decarbonization efforts and achieve net-zero goals alone; we must rely on our ecosystem of partnerships”, Rohan Kelkar, EVP for Global Power Products at Schneider Electric said. “Through the Schneider Electric Sustainability Impact Awards, we acknowledge and highlight the valuable contributions made by our partners worldwide towards decarbonizing not only their own operations but also their customers’. We value the opportunity to learn from one another and congratulate these winners for their exceptional commitment towards making a positive impact. We hope that in sharing their stories, they will serve as inspiration to organizations worldwide embarking on their decarbonization journey.”

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, is proud to release its 2022 Environmental, Social and Governance (ESG) Report outlining the company’s commitment to create extraordinary flow control solutions that make the world better for everyone. In this year’s report, the Company details how it strives to enable a clean energy future by advancing technologies that reduce climate impact, embedding sustainability within its core operations and strengthening its purpose-driven culture.

The success of the company’s 3D strategy in supporting customers’ ESG efforts inspired the launch of a refreshed ESG approach with three main pillars: Climate, Culture and Core Responsibility. “Our ESG approach continues to influence our growth strategy and our path forward, and I am proud of the progress we’ve made balancing the challenges of an ever-changing energy sector while serving our customers, engaging our people and improving our planet,” said Scott Rowe, president and chief executive officer. “Backed by our greatest asset — Flowserve associates — I am confident that we will continue to innovate for a better world for our customers, suppliers and the global community,” he added.

Flowserve’s 2022 ESG Report reflects the impact Flowserve made throughout the year including the following highlights:

Climate

Reached 80% of our 2030 carbon emissions reduction goalAchieved nearly $140 million in energy transition bookings while continuing to support core markets, contributing to a robust backlog of $2.7 billionEntered strategic partnerships and collaborations to advance innovation in critical markets and emerging technologies such as hydrogen fueling, LNG, carbon capture, utilization and storage (CCUS), recyclables and other sustainable fuels

Culture

Empowered leadership training for over 2,000 People Leaders through the Leadership in Motion program, equipping them with tools and alignment on People Leader Expectations to deliver value to associates and customersInvested over $500,000 with Flowserve 25th Anniversary grants through our global community impact program, Flowserve Cares, reinforcing Flowserve’s commitment to serving the local communities where we operate around the world

Core Responsibility

Delivered record safety performance, recording first ever incident-free month in June with no recordable injuries at any Flowserve sitesLaunched more than 20 new and redesigned products that directly align with Flowserve’s 3D strategy, enhance ESG initiatives and support customers’ sustainability efforts

For more information on Flowserve’s ESG progress, or to access the Flowserve 2022 ESG Report and 2022 ESG Report Executive Summary Video, visit our ESG page on Flowserve.com.

Flowserve Contacts
Jay Roueche, Vice President, Treasurer and Investor Relations, (972) 443-6560
Mike Mullin, Director, Investor Relations, (214) 697-8568

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.

Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, “may,” “should,” “expects,” “could,” “intends,” “plans,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.

All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.

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To continue and build upon efforts to encourage sustained, meaningful and transformational change in East Buffalo, KeyBank, Buffalo GoGreen and Providence Farm Collective are once again partnering to launch a weekly farmers market in the city’s Delavan-Grider neighborhood. The market brings fresh fruits and vegetables to neighborhoods with few options and is part of KeyBank’s ongoing response to the racially motivated mass shooting in Buffalo that took place in May 2022.

The market will be held at the Delavan-Grider Community Center located at 877 East Delavan Avenue. It will take place from 4:00 p.m.-7:00 p.m. each Thursday from June 22 through fall.

“We are proud to continue our partnership with Buffalo GoGreen, Providence Farm Collective and the Delavan-Grider Community Center to address food insecurity and bring community-oriented resources to the Delavan-Grider neighborhood,” said Chiwuike “Chi-Chi” Owunwanne, Corporate Responsibility Officer for KeyBank in Buffalo. “New this year, we are making this a weekly event, expanding access to fresh food in East Buffalo.”

In addition to produce vendors, other merchants from around Western New York will take part in the market. Accepted forms of payment are cash, checks, Mastercard, Visa, SNAP, Double Up Food Bucks, WIC and Senior Farmers checks. In addition, those who sign up on site for the Double Up Food Bucks program will receive a $10 food voucher to the market courtesy of KeyBank.

Read more about the upcoming KeyBank Delavan-Grider Farmers Market:

KeyBank Delavan-Grider Farmers Market returns to East Buffalo June 22 | WGRZ-TV
 KeyBank Delavan-Grider Farmers Market to Return to the East Side | Buffalo Rising
 KeyBank Delavan-Grider Farmers Market to return to East Buffalo on June 22 | Niagara Frontier Publications

BALTIMORE, June 14, 2023 /3BL Media/ – Baltimore-based global investment management firm T. Rowe Price announced today it is on track to deploy $50 million in deposits to under-resourced deposit institutions through a partnership with CNote, an impact investment fintech that provides capital to lenders that empower small and diverse business owners and support under-resourced communities. Beginning last year, funds have been directed to community banks and credit unions across the country to distribute the capital to small businesses.

“We are committed to ensuring underrepresented and under-resourced communities have access to capital,” said Raymone Jackson, head of Diversity, Equity, and Inclusion and Corporate Responsibility for T. Rowe Price. “We believe this investment will go a long way in providing capital and coaching to small and emerging businesses; expanding access to healthcare, education, and other community-centric facilities; financing affordable housing development; and generally making communities more economically resilient.”

The $50 million investment, which is the first of its kind in the investment management industry, is the result of a social impact investing initiative spearheaded by T. Rowe Price’s Black Leadership Council, a group of senior African American associates who advise the Management Committee and support engagement with Black/African American associates.

“We are excited to partner with leaders like T. Rowe Price who are providing access and opportunity for underserved and under-resourced communities,” said Catherine Berman, CEO of CNote. “Through CNote’s platform, T. Rowe Price is delivering much-needed capital into low-income communities and communities of color while earning returns and measurable impact.”

As of March 31,

Funds have been deposited in 44 depositories,Seventy percent of these assets were deployed in communities as loans.Minority borrowers have received 65 percent of loans.Sixty-eight percent of loans were disbursed in low- to moderate-income communities.Of those 44 depositories, 28 are community development financial institutions (CDFIs), 17 are minority deposit institutions (MDIs), and 20 are low-income designated credit unions (LIDs).Funds are placed in deposits within Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) insured limits.

CNote is a women-led impact platform on a mission to close the wealth gap through financial innovation. Using a community-first framework, CNote enables corporations, institutions, and individuals to efficiently invest at scale in fixed-income and deposit products that advance economic equality, racial justice, gender equity, and climate change adaptation.

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ABOUT T. Rowe Price

Founded in 1937, T. Rowe Price (NASDAQ: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages USD$1.35 trillion in assets under management as of May 31, 2023 and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, Twitter, YouTube, and troweprice.com/newsroom.

Contact T. Rowe Price, PUBLIC RELATIONS

Tiane Harrison 
T. Rowe Price 
(410) 577-2216 
Tiane.Harrison@troweprice.com

Amy Burke Friedman 
PROFILES 
(410) 243-3790 
afriedman@profilespr.com