Month: July 2023

Originally published in the 2022 FedEx Cares Report

FedEx turned 50 on April 17, 2023. It’s hard to believe how much our company -and the world around us – has changed since we delivered our first packages in 1973. To celebrate, we are acknowledging and honoring the incredible people and organizations that have been integral to our journey. We pledged back in 2019 to help 50 million people around the world by our 50th birthday. We are proud to announce we have exceeded this goal – reaching over 50 million people in those four years alone – adding to the scale of impact we’ve had over the years.

For the last 50 years FedEx has transformed the world by connecting people and possibilities, and we want to celebrate this milestone anniversary by giving back. Exceeding our 50 by 50 goal of supporting 50 million people globally demonstrates the incredible dedication of FedEx team members and our steadfast commitment to deliver more than packages, but also hope, opportunity, and good in the world. 

Raj Subramaniam

FedEx President and Chief Executive Officer

Our FedEx Cares programs have supported over 900 nonprofit organizations worldwide. Each year, thousands of team members volunteer, donate, and go above and beyond to work alongside community leaders on the front lines of social change.

Announcing the FedEx Founder’s Fund 

As part of our 50th birthday celebration, FedEx Cares announced the FedEx Founder’s Fund, a new philanthropic investment to honor Frederick W. Smith and his legacy. FedEx is committing $2M to the fund, which will celebrate two values near and dear to Mr. Smith: service and entrepreneurship.

The $2M will benefit the following: 

Nonprofits from around the world selected by FedEx team members in recognition for their outstanding volunteer engagement.U.S. veteran entrepreneurs to help their businesses succeed.

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PALO ALTO, Calif., July 18, 2023 /3BL/ – VMware, Inc., (NYSE:VMW), a leading innovator in enterprise software, today released its 2023 Environmental, Social and Governance (ESG) report sharing progress made toward the company’s 2030 Agenda. The 2030 Agenda serves as a compass to guide business actions and commitments to drive outcomes of sustainability, equity and trust.

“Every product we engineer, every customer we support and every employee we empower brings us one step closer to a more sustainable, equitable and secure future,” said Nicola Acutt, Chief Sustainability Officer and VP of ESG at VMware. “Throughout our ESG journey, we have continually pushed ourselves to implement a smarter, systemwide approach while staying true to our core intent of serving the needs of our customers while growing our own resiliency. We remain laser-focused on achieving our 2030 commitments and continuing forward by prioritizing innovation and impact.”

The progress detailed in this report demonstrates VMware’s commitment to engineering a more sustainable multi-cloud that helps customers meet their environmental goals, support their diverse and distributed workforce, and operate a more secure, privacy-aware digital infrastructure.

Decarbonizing Digital Infrastructure Along the Path to Net Zero

VMware’s sustainability strategy is grounded in visibility, efficiency, and renewable energy. When executed together, VMware operationalizes its smart impact strategy while also empowering customers and partners to achieve their own environmental goals. VMware has made meaningful progress in the past year toward its sustainability goals, including:

Launched the Green Score feature in VMware Aria Operations Cloud, which provides recommendations for customers to further optimize energy and carbon in their cloud environments.Expanded the VMware Zero Carbon Committed initiative by adding 24 VMware Cloud Services Provider™ partners committed to renewable energy, reaching a total of more than 50 partners.Joined the European Green Digital Coalition to partner with other IT companies working to harness the emission-reducing potential of digital solutions.

Making Progress Toward an Equitable Future

VMware’s pursuit of equity revolves around creating a diverse and inclusive work environment that allows all employees to experience a sense of belonging and community. This includes supporting diverse suppliers and developing distributed work solutions that enable customers to provide increased flexibility and digital access for their own employees. VMware’s equity milestones in the past year include:

Prioritized investing a cumulative of more than $300 million since FY21 with diverse suppliers toward a $1.5 billion goal by 2030.Enabled 85 percent of VMware people to support nonprofits of their choice through the VMware Foundation, impacting more than 15,000 organizations in 98 countries.Empowered VMware people with more than 900,000 hours of training and development with an average of 25 hours per employee.

Building Trust within Tech

Earning stakeholder trust is crucial to forging the relationships needed to build a more sustainable, equitable and secure future. VMware strives to build this trust by responsibly managing data privacy, enhancing security to protect from cyberattacks and operating ethically on behalf of all stakeholders. Recognized as one of the most trustworthy software companies in America by Newsweek, VMware has made progress in the past year toward its goals, including:

Recognized as a cybersecurity innovator at the Cyber Defense Magazine InfoSec Awards, receiving honors for VMware Contexa, VMware NSX Distributed Firewall, VMware Carbon Black Container, VMware Carbon Black Cloud and VMware SASE.Developed and rolled out a bespoke release lifecycle management platform so that product releases adhere to specific data privacy and security reviews and requirements.Added company-wide DEI goals as a component of funding for all bonus-eligible employees.

VMware has a long history of leveraging data to drive progress on its commitments and has transparently reported its ESG performance since 2015. With 25 years of innovation informing this work, VMware’s commitment to ESG and investments in smart opportunities grows our resiliency, better meets the evolving needs of our customers and maximizes our impact.

About VMware

VMware software powers the world’s complex digital infrastructure. The company’s cloud, app modernization, networking, security, and digital workspace offerings help customers deliver any application on any cloud across any device. Headquartered in Palo Alto, California, VMware is committed to being a force for good, from its breakthrough technology innovations to its global impact. For more information, please visit https://www.vmware.com/company.html

Additional Information

VMware’s website is located at www.vmware.com, and its investor relations website is located at https://ir.vmware.com. VMware’s goal is to maintain the investor relations website as a portal through which investors can easily find or navigate to pertinent information about VMware, all of which is made available free of charge. The additional information includes materials that VMware files with the SEC; announcements of investor conferences and events at which its executives talk about VMware’s products, services and competitive strategies; webcasts of our quarterly earnings calls, investor conferences and events (archives of which are also available for a limited time); additional information on VMware’s financial metrics, including reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures; press releases on quarterly earnings, product and service announcements, legal developments and international news; corporate governance information; and other news, blogs and announcements that VMware may post from time to time that investors may find useful or interesting.

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CNH Industrial has launched its program ‘Sustainable Environment Solution’, aimed at preventing the burning of crop residues and promoting environmental conservation. The initiative is focused on leveraging crop stubble management techniques to find sustainable alternatives including ex-situ management, in turn raising awareness about the detrimental effects of crop residue burning.

With Indian Society for Agribusiness Professionals (ISAP) as the implementing agency, the company is targeting eight locations, starting with Chhattisgarh, over the course of this three-year initiative. It will be gradually extended to other locations based in Uttar Pradesh, Madhya Pradesh, Haryana and Bihar.

“At CNH Industrial we are firmly committed to sustainable agricultural practices and environmental conservation, and this initiative is the latest to drive positive sustainable change in the farming industry,” said Narinder Mittal, Country Manager and Managing Director of Agriculture Business (India and South Asian Association for Regional Cooperation) at CNH Industrial. With this program, CNH Industrial will help in “creating a more environmentally friendly and healthier future for farming communities.”

The project will also train farmers and Farmer Producer Organizations (FPOs) to productively utilize the bales produced in the process such as for cattle feed, compost manure, fuel, and packing materials. With economic incentives, such as carbon credits and the utilization of by-products, the program is beneficial for both the environment and agricultural communities.

For the eighth year in a row, Entergy’s Tribal Scholarship program has partnered with the American Indian College Fund, or AICF, to provide higher education for Native American students.

During a celebration at the New Orleans Jazz & Heritage Festival, Entergy Louisiana president and CEO, Phillip May, and Entergy vice president of corporate social responsibility, Patty Riddlebarger, presented a $30,000 check to the AICF and the United Houma Nation Chief for student scholarships. The contribution will be used to support 13 local students, 32 in total, helping them attain higher education, pursue enriching career opportunities and serve as leaders throughout their communities.

“Supporting the American Indian College Fund’s mission exemplifies Entergy’s ongoing commitment to diversity, equity and inclusion,” said May. “We are excited to make a positive impact throughout our Native communities in Louisiana, equipping young people with the resources necessary to cross barriers to higher education.”

Since 2015, Entergy’s shareholders have funded $235,000 in scholarships, which supported 113 scholars with 211 scholarships. American Indian students are the most educationally underrepresented population in America, receiving bachelor’s degrees at less than half the national average of approximately 37%. The AICF’s goal is to achieve a 60% graduation rate for all scholars by 2025.

“Over the last eight years, 113 American Indian students have been able to pursue their college degrees thanks to Entergy’s ongoing commitment,” said United Houma Nation Chief Lora Ann Chaisson. “This generous contribution significantly impacts our students, tribes and their communities and we’re excited to continue to make progress to change the face of higher education for Natives.”

Every year, the AICF helps more than 4,000 students start and stay in school, complete their degrees and launch careers. Since their inception in 1989, they have provided more than 153,000 scholarships and $283 million to support American Indian communities.

“We estimate that every tribal college student and graduate success impacts 35 other people. Our students serve as role models for their children, parents, siblings, aunts, uncles, nieces, neighbors and friends, said Cheryl Crazy Bull, president and CEO of the AICF. “As a result, every college student changes the literacy and education level not only of the individual themselves, but of entire communities throughout our country.”

Entergy’s vision, “We Power Life,” means much more than just keeping the lights on and power and gas safely flowing. It also means strategically investing in vital programs and initiatives that help ensure the communities we serve remain vibrant and growing. Entergy is committed to creating and sustaining healthy, educated, environmentally safe and productive communities through philanthropic support, volunteerism, low-income customer service initiatives, advocacy and economic development. For more on our community commitments, visit our corporate social responsibility webpage.