Month: September 2023

CHICAGO, September 14, 2023 /3BL/ – Northern Trust announced today the inaugural Northern Trust Anchor Award, which will grant up to $1 million to one Chicago-based, innovative nonprofit organization to accelerate its growth and positive impact.

The Anchor Award is a new facet to Northern Trust’s nearly 135-year history of ongoing philanthropic support. Northern Trust has donated more than $170 million over the past decade with a global philanthropic strategy focused on broadening opportunities for financial success with support in four areas of fundamental need: accessible healthcare, affordable housing, quality education and food security.

“Northern Trust is committed to creating better financial futures for the communities where we live and work,” Chairman and Chief Executive Officer Michael O’Grady said. “The Anchor Award continues our legacy of elevating change-making organizations.”

Northern Trust has a long history of groundbreaking philanthropic support. In 1893, Northern Trust founder Byron L. Smith seeded a relief fund for victims of a devastating fire that broke out at the World’s Fair. Since then, Northern Trust’s charitable footprint has helped establish Chicago’s nonprofit pillars such as The Art Institute, Field Museum, United Way of Metro Chicago, Metropolitan Family Services, Braven and Kids First Chicago.

“The Anchor Award aims to provide support to a highly effective 501(c)(3) nonprofit organization by granting them up to $1 million to strengthen their overall organizational capacity and effectiveness,” Director of Corporate Philanthropy Shana Hayes said. “The grant may support the nonprofit’s infrastructure, systems, skills, and resources or other initiative aimed at improving the organization’s ability to serve individuals aged 16 to 24 on Chicago’s South and West sides.”

Northern Trust invited select past or current Northern Trust Foundation grantees with an organizational budget between $2 million and $10 million to participate in the Anchor Awards process. Northern Trust has named four finalists for the Anchor Award:

Chicago Furniture Bank is the largest furniture bank in the country. It is growing rapidly and has quickly become a critical resource in procuring and providing furniture to support a network of 400+ community-based organizations and thousands of clients each year.Chicago Scholars works with academically ambitious, first-generation college-going students who live and attend high school in Chicago. When these students persist through a seven-year program, they not only get through college — they build futures where they can truly thrive.Genesys Works’ mission is to provide pathways to career success for high school students in underserved communities through skills training, meaningful work experiences, and impactful relationships. We envision a future where all young adults are equipped and empowered with the knowledge and skills required to achieve career success, upward mobility, and a lifetime of economic self-sufficiency.Nourishing Hope provides food, mental health counseling and social services to Chicagoans in need. Founded in 1970, Nourishing Hope is one of Chicago’s largest and longest-operating hunger relief organizations, providing the equivalent of 4 million meals annually.

The Anchor Award winner will be announced in November.

“We congratulate the Anchor Award finalists,” Hayes said. “They all are exemplary organizations that further advance our mission to serve young people from Chicago’s South and West sides by supporting their needs and putting them on to the path of long-term financial well-being.”

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2023, Northern Trust had assets under custody/administration of US$14.5 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

The European Alliance to Save Energy (EU-ASE) welcomes Owens Corning as a key partner to advance energy efficiency and contribute to a more sustainable Europe.

BRUSSELS, September 14, 2023 – The European Alliance to Save Energy is delighted to announce that Owens Corning, a global building and construction materials leader, mainly known in Europe for its insulation (PAROC, FOAMGLAS, Pittsburgh Corning) and composites businesses (Owens Corning Composite Materials), is joining EU-ASE as its newest member.

Owens Corning has a long history of developing innovative, energy-saving solutions, and collaborating with a broad range of stakeholders to drive excellence and best practices in the field of material innovation and energy efficiency.

Monica Frassoni, President of the European Alliance to Save Energy (EU-ASE), said: “We are very happy to welcome Owens Corning as a member of the European Alliance to Save Energy. As a multinational company known for its innovative and forward-looking solutions, Owens Corning is a great match with our ambition to promote the energy efficiency agenda on a European level. We look forward to drawing from their global experience and working on this agenda together.”

Federica Rizzo, Regulatory and Sustainability Senior Counsel European Region at Owens Corning commented: “Owens Corning is honored to join the European Alliance to Save Energy (EU-ASE). This is an exciting opportunity to strengthen our partnerships with key stakeholders and continue to build a sustainable future through material innovation. We are committed to the European Green Deal objectives and will continue to share best practices and knowledge across industries on key sustainability topics, such as energy efficiency, sustainability, and digitalization, while contributing to the green transition in Europe.”

Media contact: Luigi Petito 
Head of Secretariat 
info@euase.eu

About The European Alliance to Save Energy (EU-ASE) 
The European Alliance to Save Energy (EU-ASE) is a cross-sectoral, business-led organisation that ensures that the voice of energy efficiency is heard across Europe. EU-ASE members have operations across the 27 Member States of the European Union, employ over 340.000 people in Europe and have an aggregated annual turnover of €115 billion.

About Owens Corning 
Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 19,000 employees in 31 countries dedicated to generating value for our customers and shareholders and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2022 sales of $9.8 billion. For more information, visit www.owenscorning.com.

Although Harvard Business Review declared ‘sustainable business’ mainstream in 2021, it’s been intrinsic to VMware’s technology solutions for more than 25 years. Moreover, VMware’s innovative business was built to help drive sustainability.

When the founders pioneered virtualization in 1998, they empowered companies to use VMware technology to significantly reduce the hardware and energy they needed to run workloads in data centers. Not only was virtualization a disruptive innovation that changed the way companies managed IT workloads, it also helped avoid potential emissions leading to smaller carbon footprints. Those inherent sustainability benefits inspire our employees today to engineer new, sustainable multi-cloud solutions to decarbonize the digital infrastructures of tomorrow along the path to net zero emissions. Sustainability is core to advancing VMware’s impact, as we meet the innovation needs of our customers while also protecting the long-term resilience of our business, and the communities we serve.

“One thing is clear: if we’re going to both navigate challenges and capture opportunities, we can’t be complacent,” says Nicola Acutt, VMware’s Chief Sustainability Officer. “We must continue to innovate and find smarter ways to accomplish our long-term aspirations.”

To do this, in 2020 VMware adopted the 2030 Agenda, a set of measurable goals deepening this commitment and guiding the strategy to decarbonize digital infrastructures.

Deepening Our Commitment

Throughout the development of products and services, VMware considers energy consumption, carbon emissions, electronic waste, water usage and broader environmental impact throughout their life cycles. Sustainability has become a core component to the business—which is why the ESG Office is embedded in the Office of the CTO, for supporting better alignment of sustainability and innovation. This structure provides ESG governance, ensuring cross-company collaboration and accountability. It also enables sustainability to be integrated into how VMware develops solutions for customers’ present and future challenge

With this unique model, VMware keeps making progress toward its sustainability commitments including:

Achieving 100 percent renewably sourced power for operations of global facilities and co-located data centers (continuously since 2019) on our journey to net zero.Adding more than 50 partners, including Google, AWS, Oracle, IBM, to the VMware Zero Carbon Committed program.Helping telco service providers build a zero-carbon future.Continuing progress on a project partnership with the City of Palo Alto, testing the potential of microgrids to advance energy resiliency and sustainability efforts at the community and corporate levels.Releasing the VMware Green Score in Aria Operations to help customers identify progress and improvement recommendations in energy use and carbon footprints.Baking ESG into organizations and the culture through VMware’s 2030 Agenda.

Co-innovation has also been part of furthering VMware’s sustainability commitment. As Joe Bagley, EMEA Field CTO, explained, “Innovations like the Green Score were developed by VMware CTO ambassadors in the field, working with many people, including our customers.” The co-innovation approach aims to drive sustainability beyond VMware by enabling partners and customers across the industry to have the tools they need to achieve their net-zero goals.

Driving Sustainability For and With Modern Technologies

As businesses have embraced multi-cloud and modern apps VMware’s commitment to sustainability has only grown and continues to do so as revolutionary (yet computationally intensive) technologies such as artificial intelligence and machine learning (AI/ML) come to fruition.

On the topic of AI/ML Acutt emphasizes, “these advancements in technology provide us with an unmistakable opportunity to bake sustainability, equity and trust into our shared and rapidly growing digital future.”

“Whether you look at it through a sustainability lens or an energy efficiency lens, this is becoming a business imperative,” said VMware CTO, Kit Colbert. “While we’ve already helped move the needle around sustainability and energy efficiency, it’s not enough. That’s why we’re developing a really strong roadmap around sustainability.”

That roadmap was the result of VMware’s first Sustainable Software Development Workshop (SSDW), which brought together individuals from across VMware to explore how the company can further integrate sustainability into even more products and services.

At the same time, VMware recognizes AI is more energy-intensive than other forms of computing. With predictions the energy needed for ML and associated data storage and processing may account for up to 3.5 percent of global electricity consumption by 2030, a continued commitment to sustainable innovation is a must.

VMware remains steady in this commitment and continues to look ahead to the next evolution of sustainable solutions within our pursuit of innovation.

Learn more about the many projects VMware is developing and supporting.

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