Month: June 2024

A single mother of five children dreamed of a better future for herself and her family.

She knew the way forward—finish her college program. But to get there, to cross the stage and receive her diploma, she needed financial support.

And she needed someone to believe in her.

More than financial aid, scholarships show students that the community supports their pursuit of a better future, explains Kayte Hamel, vice president of college relations at Kishwaukee College, located in the village of Malta, Illinois, an hour’s drive west of Chicago.

Hamel also serves as executive director of the Kishwaukee College Foundation, which oversees financial support for students.

“Scholarships create opportunities,” she adds, noting the aforementioned student earned her diploma and is now working toward a degree.

Kishwaukee College, known as Kish, aims to diversify its awards to support as many learners as possible and help them complete their programs. Each year, Kish disburses about $450,000 in scholarships, many to individuals who couldn’t complete their education without this support.

Hamel notes that some program areas have fewer award opportunities for learners—technical programs like welding, for example.

Nearly a decade ago, Enbridge saw a way to empower the next generation of welders to achieve their potential. In 2015, we established the Enbridge Energy Company Pipeline Industry Awareness Scholarship across the Midwest, which the Kish Foundation awards to five to 10 welding students each year. Since 2015, we have contributed $45,000 to the award through Fueling Futures grants.

In 2023, Enbridge Energy Company Pipeline Industry Awareness Scholarship grants or like-minded bursaries were awarded to seven post-secondary schools in the Midwest.

“The Enbridge scholarship is one of the only ones we have for students in the manufacturing and technology program areas at the college,” Hamel explains. “To be able to offer it to students has had a great impact on them.”

Significantly, the college’s welding program is growing, including a 20% enrolment increase in 2023, expanding from about 110 students to 132.

In addition to ongoing Enbridge scholarships, we’ve also supported the classroom experience of Kish welding students. We donated a diesel truck in 2023, a crane truck and electric welder in 2021, and a pipe beveler in 2018.

And, each year, some of our master welders visit the college to do demonstrations and tell the students about working in industry.

“The visits from Enbridge are a highlight for the students,” Hamel says. “They get to see the real-world application of the technologies and teachings they’re learning in the classroom.”

Investing in learners is an investment in the development of the industry as a whole, she continues.

“Community support helps students improve their lives and improve the lives of others.”

Hershey

HERSHEY, Pa., June 18, 2024 /3BL/ – Hershey (NYSE: HSY) announced today that it has updated its 2030 science-based greenhouse gas (GHG) emissions reduction targets against the latest standards. A detailed accounting of the company’s footprint and science-based targets are foundational to the company’s strategy to drive progress on emissions reduction.

“At Hershey, our business depends on ingredients grown around the world and the health of those ecosystems,” said Rachel Grunberg, senior manager of environmental sustainability at The Hershey Company. “We have a responsibility to reduce our carbon footprint to build resiliency for our business and the planet and are doing so with challenging goals aligned with best-in-class science to inform our strategy.”

Hershey’s target to reduce scope 1 and 2 GHG emissions by 50% by 2030 from a 2018 baseline was re-validated by the Science Based Targets initiative (SBTi). To date, Hershey has achieved a 43% reduction against this target. The company has also set near-term Forest Land and Agriculture (FLAG) and non-FLAG targets. It is committed to reduce scope 3 Forest Land and Agriculture (FLAG) emissions by 36% and non-FLAG emissions by 30% by 2030. These newly validated targets are in line with climate science and are consistent with levels necessary to meet the Paris Agreement’s goals to limit global warming to 1.5 degrees Celsius.

Hershey implements a variety of programs and initiatives across its operations and its supply chain to reduce its carbon footprint.

Reducing Energy Consumption and Leveraging Renewable Energy

To improve energy consumption and efficiency, Hershey has created a cross-functional team to oversee delivery of plant-level energy reduction targets. In 2023, Hershey sourced approximately 80% of electricity from renewable and zero-emission sources, an increase made through a combination of solar Power Purchase Agreements, Renewable Energy Credits, and Zero Emission Credits and investments in, including:

Directly sourcing hydropower for facilities in Brazil and CanadaOperational PPAs that delivered approximately 25% of U.S. electricity needs100% renewable or zero-emission electricity for manufacturing facilities for confectionery in the U.S. and Canada and several of our salty brands

Scaling Good Agricultural Practices

The company leveraged partnerships to promote good agricultural practices and technology to mitigate risks from climate change in cocoa, dairy and sugar supply chains. A selection of projects include:

Investing in farmers to improve livelihoods and manage climate variability through implementation of soil health improvement and agroforestry with the Hershey Income Accelerator ProgramPiloting projects like the Sustainable Dairy PA program which implements riparian forest buffers, nutrient management, conservation tillage, and manure management practicesPromoting regenerative agricultural initiatives such as the North Dakota Trusted Advisor Partnership to promote the use of cover crops and reduced tillage

Preventing Deforestation and Advancing Biodiversity

Preventing deforestation and conversion caused by changing land use is another important driver in reducing Scope 3 emissions. In 2023, Hershey accelerated its commitment by five years to achieve a deforestation and conversion-free supply chain for cocoa, palm oil, pulp and paper, and soy to December 31, 2025. Examples of these initiatives include:

Restoring forest habitat with the Arbor Day Foundation, planting one million trees and restoring more than 2,300 acres of forest as part of this partnership since 2017Partnered with the Foundation for Parks and Reserves of Cote d’Ivoire on conservation of the Mabi-Yaya Nature Reserve to restore forest on 687 hectares of degraded land

To learn more about Hershey’s sustainability strategy and progress, view the company’s ESG Report.

About The Hershey Company

The Hershey Company is an industry-leading snacks company known for making more moments of goodness through its iconic brands, remarkable people and enduring commitment to doing the right thing for its people, planet, and communities. Hershey has more than 20,000 employees in the U.S. and worldwide who work daily to deliver delicious, high-quality products. The company has more than 90 brand names in approximately 80 countries that drive more than $11.2 billion in annual revenues, including Hershey’s, Reese’s, Kisses, Kit Kat®, Jolly Rancher, Twizzlers and Ice Breakers, and salty snacks including SkinnyPop, Pirate’s Booty and Dot’s Homestyle Pretzels.

For 130 years, Hershey has been committed to operating fairly, ethically and sustainably. The candy and snack maker’s founder, Milton Hershey, created Milton Hershey School in 1909, and since then, the company has focused on helping children succeed through equitable access to education.

To learn more visit www.thehersheycompany.com.

SOURCE The Hershey Company

ATLANTA, June 18, 2024 /3BL/ – Today the 100 Black Men of America and Wells Fargo announced the expansion of the Junior Investment Club, a curriculum‑based simulation game that introduces young people to investing. With a $600,000 grant from the Wells Fargo Foundation, the program will expand to 30 markets across the country and continue to support economic empowerment efforts from the 100 Black Men of America to prepare students for their financial futures.

“100 Black Men of America is grateful to Wells Fargo for the tremendous impact the Junior Investment Club is having on our mentees by providing early exposure to investment practices that provide additional pathways to economic opportunity,” said Chairman Milton H. Jones. “The decision by Wells Fargo to invest in the expansion of this program is a demonstration of their belief in our shared mission and ultimately to providing financial education resources to youth that will positively impact their futures.”

“For roughly 35 years, the 100 Black Men of America and Wells Fargo have worked together to increase pathways to economic advancement,” said Darlene Goins, head of Philanthropy and Community Impact at Wells Fargo. “We look forward to expanding the Junior Investment Club to provide more youth with a solid foundation to achieve their future financial goals and grow generational wealth.”

The new grant funding was revealed during the 38th Annual Conference of the 100 Black Men of America in Atlanta where three student teams won the 2024 Junior Investment Club Competition — 100 Black Men of Long Beach, CA (first place), 100 Black Men of Madison, WI (second place), and 100 Black Men of Las Vegas, NV (third place). As the Bank of Doing, Wells Fargo surprised all 128 students from the top five finalist teams with $200 each — designed to empower students to invest in their individual financial futures. The funds for each student will be managed by the 100 Black Men of America.

Now in its fifth year, the Junior Investment Club uses the SIFMA Foundation’s Stock Market Game, an online investment simulation where student teams are given a virtual $100,000 to invest in stocks, bonds, and mutual funds as a way to learn the value of capital markets and maximizing their portfolios. 750 high school students competed in this year’s 14‑week competition with the support of 36 mentors from local chapters of the 100 Black Men of America.

About 100 Black Men of America

The 100 Black Men of America is the world’s largest volunteer network of Black men focused on mentoring minority youth. The national organization began with nine chapters in 1986. The first chapter was founded in New York City in 1963. The 100 Black Men of America is a national alliance of leading African American men in business, public affairs, and government. Their mission is to improve the quality of life for African Americans, with a specific focus on African‑American youth. Since its inception, the organization has grown to more than 4,000 members, with 105 chapters that impact more than 100,000 underserved and underrepresented minority youth every year. Visit www.100blackmen.org for more information on the programs and initiatives of 100 Black Men of America, Inc. and their global network of chapters.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low‑carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com

LinkedIn: https://www.linkedin.com/company/wellsfargo

Contact Information

Media 
Wells Fargo 
melissa.k.murray@wellsfargo.com