Month: February 2024

Authored By  Joel Laubenstein

Originally published by Joel Laubenstein on pv magazine USA

Registration through the portal is required to obtain a registration number to be included on the income tax return filings needed to claim direct cash payment or transfer credits.

On December 22, 2023, the IRS opened the pre-filing registration portal for credits to be claimed under the Inflation Reduction Act of 2022 (IRA). Registration through the portal is required to obtain a registration number to be included on the income tax return filings needed to claim the tax credits.

This registration impacts both tax exempt entities going the elective pay route to receive a direct cash payment from the IRS and those entities seeking to transfer credits to a third-party buyer in exchange for cash.

Continue reading here

Learn more at Baker Tilly’s Inflation Reduction Act Resource Center.

Originally published by Walgreens Boots Alliance

DEERFIELD, Ill., February 13, 2024 /3BL/ – As a trusted, convenient local healthcare destination that millions of Americans rely on every day, Walgreens is expanding its long-standing relationships with colleges of pharmacy through the formation of the Walgreens Deans Advisory Council to enhance the pharmacy profession and better support pharmacists as they provide valuable care to their local communities.

The new Council, consisting of 17 pharmacy school deans and Walgreens leadership, is sponsored by Rick Gates, Chief Pharmacy Officer at Walgreens, co-chaired by John Colaizzi Jr., PharmD, FNJPhA, Vice President, Pharmacy Practice at Walgreens and Angela Kashuba, Dean, UNC Eshelman School of Pharmacy, and Lorri Walmsley, Director, Walgreens Pharmacy Affairs, who will serve as the vice chair.

Pharmacists have been a cornerstone of healthcare in communities across the United States for decades, providing timely interventions and filling gaps in care. While the demand for pharmacy services is expected to increase over the next several years, like many other healthcare entities and a wide range of other industries, pharmacy is facing a pronounced labor shortage.1 Pharmacy school applications were down 22% in 2022-2023 compared to the previous year and have decreased by more than 60% over the past decade.2,3 The pharmacy operating model needs to evolve, and pharmacy school deans are critical partners in helping Walgreens and the industry overall solve for the current workplace challenges that are also impacting pharmacy school enrollment.

“Collaboration within the pharmacy profession has never been more important, and I’m grateful to the many academic leaders who have joined the Deans Advisory Council as we work to transform the future of pharmacy,” said Gates. “I look forward to working with the deans to ensure Walgreens expands our reach beyond neighborhood pharmacies into the fast-growing areas of healthcare and drives outcomes that matter most to our pharmacists, patients and partners.”

Members of the Council will meet quarterly with the goal of identifying ways to attract, recruit and create a dynamic workplace for current and future pharmacists. The Council’s initial objectives include:

Rebuilding the talent pipeline and focusing on recruitment efforts, including through programs that expose high school students to careers in pharmacy.Elevating community pharmacy as a practice setting of choice through direct feedback from colleges.Addressing staffing challenges and helping pharmacists experience greater job satisfaction and better patient interactions.Evolving the community pharmacy business model and advocating for pharmacist practitioner services.Advising on all aspects of community pharmacy strategy, practice and administration-related topics.

“As the recent pandemic highlighted, pharmacists are the most accessible, trusted healthcare providers. They serve as the front door to health in their communities, yet community pharmacy remains one of healthcare’s most underutilized resources,” said Kashuba. “Our schools train pharmacists to fill healthcare gaps and improve patient care through disease screening, prevention and treatment. I’m excited to collaborate with Walgreens to better align workplace conditions with training to transform the future of community pharmacy.”

The Council will serve as a sounding board and play a key role in helping Walgreens build upon recent initiatives deployed by the company to reimagine the community pharmacy operating model. These include; leveraging centralized services and micro-fulfillment, deploying flexible store and staffing models and eliminating all task-based retail metrics from annual performance reviews.

The Council’s first meeting is scheduled for early March 2024.

About Walgreens 

Walgreens (www.walgreens.com) is included in the United States segment of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and well-being of every community in America. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 9 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services. To best meet the needs of customers and patients, Walgreens offers a true omnichannel experience, with fully integrated physical and digital platforms supported by the latest technology to deliver high-quality products and services in local communities nationwide.

[1] Statista. Total number of retail prescriptions filled annually in the United States from 2013 to 2025 (in billions). https://www.statista.com/statistics/261303/total-number-of-retail-prescriptions-filled-annually-in-the-us/

[2] The Pharmacy Graduate Application Service. 2022-2023 PharmGrad Applicant Data Report. https://connect.aacp.org/discussion/2022-2023-pharmgrad-applicant-data-report

[3] Brown DL. Years of Rampant Expansion Have Imposed Darwinian Survival-of-the-Fittest Conditions on US Pharmacy Schools. Am J Pharm Educ. 2020 Oct;84(10):ajpe8136. https://doi.org/10.5688/ajpe8136

Media Contact 

Erin Loverher

media@walgreens.com

PARIS, February 13, 2024 /3BL/ – The Consumer Goods Forum’s (CGF) Sustainable Supply Chain Initiative (SSCI) has received a benchmarking application from amfori Business Social Compliance Initiative (BSCI). The application marks amfori’s first step in earning SSCI Recognition as meeting industry expectations for third-party social compliance programmes under both the SSCI’s Processing and Manufacturing scope as well as the Primary Production scope.

The SSCI is committed to building trust in sustainability standards by recognising programmes that respect key sustainability criteria, as defined by leading industry stakeholders, in their evaluation methods.

Launched in 2003, amfori BSCI is an impactful methodology that has enabled businesses to exercise human rights due diligence more efficiently and to ensure the protection of workers’ rights in global supply chains.

Representing over 2,400 members in 52 countries, amfori BSCI is leveraged in a variety of sectors, the two largest being General Merchandise, and Garment & Textile with a combined annual turnover that is evaluated to EUR 1.6 trillion.

The amfori BSCI Code of Conduct sets out the values and principles for the implementation of supply chain due diligence, based on the OECD’s six-step framework. Drawn on the rules and principles of the amfori BSCI Code of Conduct, the amfori BSCI System applies to all amfori BSCI audits. The amfori BSCI System Manual is a four-part document that aims to provide system users with rules and processes that will make working conditions more efficient and resilient within one’s business.

Linda Kromjong, President of amfori, said, ‘As a leading business association for sustainable trade, we must lead by example to continue supporting companies across the globe to operate successful and responsible businesses the most efficient way. Collaborations with organisations such as the Consumer Goods Forum (CGF) are crucial in this endeavour. For this reason, we are dedicated to working closely with The Consumer Goods Forum’s Sustainable Supply Chain Initiative.’

The SSCI Benchmark is a comprehensive process that recognises which schemes cover key sustainability criteria and applies relevant verification practices. The process revolves around a first self-assessment undertaken by the scheme, followed by a review by an independent expert, office visits, and a public consultation. The methodology also includes opportunities for the applicant to take corrective actions if and when needed.

At the SSCI, we welcome this positive step from Rainforest Alliance and look forward to reviewing its alignment towards industry values on transparency, social responsibility, and sustainability. To monitor the process of its benchmarking, and that of other applicant schemes, visit recognition.tcgfssci.com.

Learn More and Apply

Third-party auditing and monitoring schemes and programmes are invited to apply for SSCI Recognition and demonstrate their commitment to industry-defined expectations for supply chain sustainability. The SSCI currently benchmarks social sustainability standards under three sectoral scopes (Manufacturing and Processing; At-Sea Operations; and Primary Production, including land-based aquaculture) and is currently working to expand the scope to include environmental standards. Learn more about the SSCI Benchmark, download the application kits, and apply at benchmark.tcgfssci.com.

About the Sustainable Supply Chain Initiative 

The Consumer Goods Forum (CGF) Sustainable Supply Chain Initiative (SSCI) builds trust in sustainability standards worldwide by benchmarking third-party auditing and certification programmes and recognising schemes that meet industry expectations. By providing an open-source list of recognised programmes, the SSCI delivers clear guidance on which schemes cover key sustainability criteria and apply relevant verification practices. The SSCI improves transparency in the market, facilitates decision-making on schemes at both buyer and supplier level and sets the responsible sourcing expectations for the industry. The Initiative initially focuses on social compliance with the potential to expand the scope to environmental compliance. For more information, visit tcgfssci.com.

– Ends –

Shermane Pressley is committed to creating and maintaining a supportive environment where employees of all backgrounds can thrive. As he makes tremendous strides in his career, he bears in mind the power he holds to promote diversity and advance equity at CACI and beyond. 

Pressley’s professional journey began in 2004 when he enlisted in the U.S. Army and was introduced to the world of information technology as he conducted duties within the Fort Belvoir Technical Control team. He joined CACI in 2018; today he is an Information Assurance Specialist responsible for developing cybersecurity strategies for new and existing systems.

He left the military in 2009, but his devotion to the Army endures. “I am passionate about being a veteran and helping other veterans,” he said. Pressley is an Eagle Leader for Red White & Blue, a non-profit group that focuses on veterans’ physical fitness. He also conducts weekly events at his local VFW post and is active with CACI’s Veterans Employee Resource Group, most recently joining other members in cleaning the Korean War Veterans Memorial. 

Pressley came to CACI with 20 years of experience as a Watch Officer, Information System Security Officer, and Information System Security Engineer. He is now the CACI Information Assurance Lead on the Resource Management Online (RMOnline) project, a web-based application used by multiple Army commands to manage their budget and manpower resources. 

He has been instrumental in migrating all RMOnline instances from disparate environments to a consolidated Amazon Web Services infrastructure and now proactively supports multiple teams with their information assurance processes. “It was incredibly rewarding to be asked by others working on CACI-developed applications to assist them in accomplishing Risk Management Framework Authorizations to Operate,” he said.

Last year, he earned a “Customer Focus” award at a CACI employee recognition ceremony. This month, he will be honored at the Black Engineer of the Year Awards (BEYA) Conference for his professional work and community service, which includes serving as Vice President of Professional Development for CACI’s Black Employees and Allies Network (BEAAN) employee resource group. 

As part of his BEAAN duties, Pressley engages with national and local organizations, identifies learning opportunities for employees, and organizes speaker series and panel discussions. A true leader devoted to the success of those around him, he tirelessly works to cultivate a favorable and welcoming environment for more employees by broadening the network and allyship. 

“My hope for BEAAN is that it helps to build a community in which employees can associate with and relate to one another more easily. Members are encouraged to ask candid questions and be actively involved so they can receive the tools they need to succeed at CACI and in their professional careers,” he said. 

As he works to make positive change for his community, Pressley reflects on the shared values that drew him to CACI. “What makes me feel most connected to this company is the progressive culture of growth that most everyone exudes,” he said. “It is not your typical dog-eat-dog environment; we want you to grow, be more than you were yesterday, and amplify what’s possible for tomorrow.”

CACI fosters an accessible, approachable culture where every team member feels supported and valued. Learn about CACI’s efforts to empower its workforce through diversity outreach. 

ABOUT CACI

At CACI International Inc (NYSE: CACI), our 23,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers’ greatest challenges in national security and government modernization. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World’s Most Admired Company. CACI is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at caci.com.

# # #

Corporate Communications and Media:                                           
Lorraine Corcoran                                                              
Executive Vice President, Corporate Communications                  
(703) 434-4165, lorraine.corcoran@caci.com                         

The global shift to renewable energy presents significant opportunities for businesses. Research by The Conference Board reveals nearly 60% of C-suite executives around the globe say it will be good for their companies, and approximately 70% of both businesses and consumers factor environmental sustainability into their spending decisions.

This transition will impact various aspects of your company, including business strategy, operations, finance, technology, workforce, investor relations, communications, and governance.

Join us in NYC on May 16 and 17, 2024, at Building a Sustainable Future: The Global Energy Transition. This event promises to be the most comprehensive and insightful gathering of 2024. It will feature leading speakers from government and industry, as well as confidential Chatham House Rule roundtable conversations among participants.

By attending, you will come away with actionable insights, connections, and an improved strategy for capitalizing on the opportunities by the global energy transition. Some of the critical topic areas we will be addressing include:

Where Are We in the Energy Transition? What Are the International Forces at Play?Where Are the Growth Opportunities in Energy Transition?Playbook for Reaching Net ZeroWhat Does the Presidential Election Mean for the Energy Transition?Do Consumers Actually Care?A Quick Overview of the National Climate AssessmentWhat Kind of Capital Investments Will be Needed in the Energy Transition?How Can Boards Add the Most Value?Is Technology the Answer?What Role Should Carbon Credits Play?How Can You Tell Your Energy Story More Effectively?

And more!
Register by March 29th and Save $500

Register Now

New hydrogen testing facility at Florence, Italy, manufacturing site unveiled as part of the company’s strategy to further support the deployment of hydrogen-ready technologies, such as the optimized NovaLT™16 turbine delivered to Air Products’ Net-Zero Hydrogen Energy Complex in EdmontonProgress follows delivery of advanced hydrogen compression technologies for NEOM green hydrogen company in Saudi Arabia, as well as new collaborations in the hydrogen sector with HyET and Green Energy Park

FLORENCE, Italy, February 13, 2024 /3BL/ – Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy. The milestones were announced during the 24th Baker Hughes Annual Meeting held in Florence, Italy, and included advancements in the company’s hydrogen enabling technologies, as well as progress in executing several customers’ hydrogen projects and new collaborations in the sector.

The milestones include:

Baker Hughes unveiled a new Hydrogen Testing Facility for validation of its NovaLT™ industrial turbines to run blends all the way up to 100% hydrogen. The new facility includes a test bench to allow full load testing, with complete fuel flexibility up to 100% hydrogen and features a 300-bar pressure and 2,450 kg storage capacity. This infrastructure, aligned to the highest standards of safety and security – which are particularly crucial when dealing with hydrogen – allows Baker Hughes to test turbines in all project conditions, providing customers with enhanced operational confidence. The new Hydrogen Testing Facility will then serve as a hub for Baker Hughes’ collaboration with customers in the growing hydrogen economy. Baker Hughes recently completed manufacturing and testing of its NovaLT™16 hydrogen turbines for Air Products’ Net-Zero Hydrogen Energy Complex in Edmonton, Canada. The NovaLT™16 turbines underwent full load testing at the newly unveiled Hydrogen Testing Facility. This family of turbines can be deployed for a variety of industrial applications, including combined heat and power, as well as for pipeline and gas storage operations. The company also reported progress on another key Air Products’ hydrogen project, with the delivery of the first two trains of advanced hydrogen compression solutions for the NEOM project in Saudi Arabia, the largest green hydrogen project in the world through the equal joint venture of ACWA Power, Air Products and NEOM. Baker Hughes recently invested in expanding its manufacturing site in Modon, Saudi Arabia, to further support the delivery of projects in the country, including NEOM, with localized testing and packaging solutions. Both projects are part of the two companies’ long-standing collaboration on hydrogen inaugurated in 2021.

“Baker Hughes’ advanced technology and experience are key elements of our collaboration as Air Products continues to execute some of the largest low- and zero-carbon clean hydrogen megaprojects in the world,” said Dr. Samir J. Serhan, chief operation officer, Air Products. “We are delivering tangible progress with a common goal – to drive the energy transition forward and achieve net-zero targets.”

The company also executed a collaboration agreement with HyET – a company that provides technologies for low-cost, distributed power generation and commercially viable hydrogen production at high pressure – for the development, industrialization and commercialization of an advanced hydrogen compression solution. Baker Hughes signed a memorandum of understanding with Green Energy Park, a vertically integrated renewable energy company with ammonia and hydrogen terminals projects worldwide, and part of Green Energy Park Global group. The agreement aims to set out the principles of the envisaged collaboration between the two companies in multiple areas of the green hydrogen value chain, including production, storage, transportation and utilization of green hydrogen and ammonia-based fuels, as well as exploration of possible co-development of related technologies and projects at the giga-watt scale.

“These low-carbon and carbon-free energy advancements illustrate how the urgency of the energy transition has transformed customer relationships into comprehensive partnerships for innovation across several projects,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “There is no path to net-zero without innovation and collaboration, and our work with customers and partners, including Air Products, is proving the validity of the hydrogen economy and of our strategy to invest and develop innovative solutions to cover the entire hydrogen value chain.”

Baker Hughes’ advanced technologies and solutions serve the entire hydrogen value chain, from production to transportation and utilization. The company’s experience in hydrogen projects dates back to the 1910s, and its portfolio includes advanced compressors, gas turbines, valves, centrifugal pumps, non-metallic pipes, hydrogen sensors, monitoring and diagnostics including inspection solutions for hydrogen embrittlement in production and storage, as well as clean power solutions to produce power with hydrogen and hydrogen blends.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Media Relations

Chiara Toniato 
+39 3463823419 
chiara.toniato@bakerhughes.com

Investor Relations

Chase Mulvehill 
+1 281-809-9088 
investor.relations@bakerhughes.com