Month: June 2024

By Sandrine Duquerroy-Delesalle

With six weeks to go before the European Elections, MEPs have had a busy week in Strasbourg, with many texts on the agenda for the final plenary session of the legislature (2019-2024) ! 

Among the texts voted was the Packaging & Packaging Waste Regulation PWR. And even if it is not the final step in the legislative process, it signs the end of a long negotiating process ! Among the notable new obligations, Member States will need to ensure that >90% of beverage cans are collected separately by 2029 (via deposit-return systems or other solutions that ensure the collection target is met).  

A lot of other important texts were adopted this week among which:

The Net-Zero Industry Act NZIA to bolster EU production in technologies needed for decarbonisation,The new Corporate Due Diligence Directive CDDD, requiring firms and their upstream and downstream partners, including supply, production and distribution to prevent, end or mitigate their adverse impact on human rights and the environment,A new law to reduce air pollution in the EU to achieve a clean and healthy environment for citizens as well as zero air pollution by 2050. 

An important week for the EU on its pathway to a cleaner, greener and more competitive future! 

https://www.europarl.europa.eu/news/en/press-room/20240419IPR20589/new-eu-rules-to-reduce-reuse-and-recycle-packaging

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A global challenge, a regional response

As the world celebrates World Ocean Day 2024, Indonesia takes center stage for its pioneering efforts towards sustainable shipping. This archipelagic nation, the world’s largest with over 18,110 islands (Adyasari et al., 2021), faces a challenge echoed across the globe: balancing the economic importance of a thriving maritime industry with the environmental responsibility to protect our oceans. 

Within the Association of Southeast Asian Nations (ASEAN), a region heavily reliant on maritime trade, the need for sustainable shipping practices is particularly acute. The busy shipping lanes of the South China Sea and the Malacca Strait serve as vital arteries for commerce, connecting not only ASEAN nations but also Europe, the Middle East, and beyond. However, these same routes raise concerns about environmental pollution. Recognizing this shared challenge, ASEAN member states have begun collaborative efforts to promote sustainable maritime practices, from cleaner fuels to improved waste management. Indonesia’s leadership in this area positions it as a key player in fostering a more sustainable future for global shipping.

Indonesia is a prime example of a nation taking decisive action. Bustling ports like Tanjung Perak in Surabaya, East Java, exemplify the vibrancy of its maritime industry. However, conventional shipping practices also pose a significant threat to the very resources that fuel Indonesia’s economic success. Pollution from shipping activities, particularly in busy straits like Malacca, can harm delicate coral reefs, mangrove forests, and seagrass meadows – ecosystems that not only support marine biodiversity but also act as vital carbon sinks (Adyasari et al., 2021). Recognizing this critical link, Indonesia is charting a course for a sustainable future by pioneering innovative approaches to shipping.

A strategic hub in the booming Southeast Asian market

Indonesia’s strategic location within Southeast Asia, a region experiencing a boom in manufacturing and retail, further emphasizes the importance of sustainable shipping. Given its geographical position, any ship sailing within the ASEAN region is likely to navigate Indonesian waters. This centrality makes Indonesia’s leadership in sustainable shipping even more crucial.

Indonesia’s vast archipelago, stretching across the equator from the Indian Ocean to the Pacific Ocean, grants it a unique geographical advantage (Adyasari et al., 2021). With a coastline exceeding 81,000 kilometers, Indonesia boasts numerous strategic straits, like the Malacca Strait, a vital global trade route connecting the Indian Ocean with the Pacific Ocean and the South China Sea (CIA World Factbook, 2024). This strategic positioning makes Indonesia a gateway for global trade, with a significant portion of the world’s maritime traffic funneling through its waters (UNCTAD, 2023).

Indonesia’s membership in the Association of Southeast Asian Nations (ASEAN) strengthens its position as a maritime hub. ASEAN, a regional economic bloc with a combined GDP exceeding $3.3 trillion (ASEANstats, 2024), fosters collaboration and integration amongst member states. This collaborative approach allows for the development of standardized regulations, streamlined customs procedures, and improved port infrastructure across the region. As a leading member of ASEAN, Indonesia can play a pivotal role in shaping a sustainable and efficient maritime transportation network within Southeast Asia.

The double-edged sword of shipping: Balancing growth with environmental responsibility

Healthy oceans are the foundation for Indonesia’s thriving fisheries and tourism industries, vital sources of income for millions (World Bank, 2020). Sustainable shipping practices are not just an environmental responsibility, but an economic imperative. By adopting these practices, Indonesia can ensure the long-term viability of these vital sectors while minimizing its environmental footprint.

Indonesia’s contribution to the problem is significant. Estimates suggest that in 2018, the country was responsible for roughly 3.7% of global shipping emissions, with bulk carriers, tankers, container ships, and smaller industrial ships accounting for a staggering 87% (GMF, 2022). This data underscores the urgency for Indonesia to transition towards cleaner maritime practices, ensuring both economic prosperity and environmental sustainability.

A multifaceted approach to sustainable shipping

Sustainable shipping transcends mere technological advancements; it necessitates a holistic approach that encompasses every facet of the maritime supply chain. Indonesia’s commendable efforts demonstrate this multi-pronged strategy:

Cleaner vessels and fuels: Optimizing ship design for fuel efficiency and adopting cleaner fuels like LNG are crucial first steps. Initiatives like the Riau Islands’ Sustainable Shipping Initiative (SSI) showcase successful route optimization, leading to a significant reduction in greenhouse gas emissions. These efforts align with the International Chamber of Shipping’s guidelines, ensuring harmonization with global best practices (International Chamber of Shipping, 2023).Responsible sourcing and eco-friendly packaging: Sustainability begins even before cargo reaches the vessel. Initiatives like those in West Kalimantan, which prioritize responsible forestry practices, ensure a steady supply of eco-friendly packaging materials for the shipping industry. This commitment reflects Indonesia’s national goals for sustainable consumption and production, as outlined in its National Action Plan (Government of Indonesia, 2023).Investing in greener ports: Modernization plays a significant role. Indonesia’s investments in greener ports with shore power capabilities offer cleaner options for docked ships, significantly reducing emissions. Additionally, improved waste management systems in these ports further minimize environmental impact.Collaboration for collective progress: Indonesia recognizes the global nature of the shipping industry and the importance of knowledge sharing. Active participation in international organizations like the IMO fosters collaboration and allows knowledge exchange with other maritime nations, driving collective progress towards a cleaner future for global shipping.Healthy oceans, thriving economy: The long-term expected benefits are undeniable. By prioritizing sustainable practices and reducing pollution, Indonesia safeguards the health of its oceans, a vital resource for its thriving fisheries and tourism industries. This approach ensures a healthy ecosystem for future generations, contributing to a sustainable and prosperous maritime economy.

This multifaceted approach highlights the strategic pillars of Indonesia’s commitment to a greener maritime future. By focusing on cleaner ships, fuels, ports, and packaging, while actively collaborating with the international community, Indonesia is well-positioned to become a leader in sustainable shipping practices.

Example of international collaboration: Indonesia and the UK forge a path towards sustainable shipping

Recognizing the shared responsibility to protect the marine environment and promote sustainable maritime practices, Indonesia and the United Kingdom have taken a significant step forward. In February 2023, the two nations signed a Memorandum of Understanding (MoU) on sustainable shipping and shipbuilding (Puspa and Setiaji, 2023). This landmark agreement marks the beginning of a collaborative effort to enhance the sustainability of Indonesia’s maritime sector.

The MoU encompasses a wide range of initiatives, including:

Knowledge sharing and capacity building: Both countries will exchange expertise and best practices in sustainable shipping technologies and operations. This knowledge transfer will empower Indonesian stakeholders to adopt more environmentally friendly practices.Technology transfer and innovation: Indonesia and the UK will collaborate on research and development of cutting-edge technologies for cleaner vessels and alternative fuels. This focus on innovation holds the potential to revolutionize the maritime industry and create a more sustainable future.

Challenges and opportunities

While Indonesia’s commitment to sustainable shipping is undeniable, its path forward is not without obstacles. Provinces like Papua, with their limited infrastructure and complex regulations, serve as microcosms of the challenges that persist across the archipelago. These hurdles, however, can be reframed as opportunities to push boundaries and foster innovation. 

Infrastructure bottlenecks: Underdeveloped ports and inadequate communication networks can significantly hinder the adoption of cleaner technologies and efficient practices. Imagine if remote Indonesian islands could utilize solar-powered charging stations for electric ferries, but a lack of grid connectivity hinders this vision. The World Bank highlights the economic benefits of investing in sustainable infrastructure, particularly in remote areas (World Bank, 2023). Herein lies the opportunity. By prioritizing strategic infrastructure projects, Indonesia can unlock the full potential of clean technologies across its vast maritime landscape.

Navigating regulatory labyrinth: Complex regulations and a lack of harmonization with international standards can create bureaucratic bottlenecks, discouraging investment and slowing progress. Imagine a shipping company eager to adopt cleaner fuels but entangled in a web of conflicting regulations. This highlights the need for streamlining regulations and aligning them with international best practices. By achieving this, Indonesia can create a more transparent and predictable regulatory environment, attracting investment and accelerating the transition towards sustainable shipping.

Harnessing the power of collaboration: The key to overcoming these challenges lies not in isolation, but in collaboration. International organizations, with their expertise and resources, can be invaluable partners. Indonesia’s recent agreement with the UK on sustainable shipping and shipbuilding serves as a prime example (refer to MoU reference). Imagine a collaborative effort between Indonesian shipyards and international technology companies to develop next-generation, eco-friendly vessels specifically designed for Indonesian waters. Furthermore, fostering regional cooperation within ASEAN can lead to the harmonization of regulations and the creation of a more sustainable maritime environment across Southeast Asia. By fostering these partnerships, Indonesia can leverage a global network of knowledge and resources to accelerate its progress towards a sustainable maritime future.

By embracing these challenges as opportunities for ingenuity and collaboration, Indonesia can not only overcome the hurdles in its path but also inspire the global maritime community.

Examples of sustainable practices

Indonesia’s commitment to sustainable shipping translates into a range of initiatives being implemented across the archipelago. Here are some notable examples:

Building sustainable shipping chains: The Riau Islands’ Sustainable Shipping Initiative (SSI) stands as a shining example. This collaborative effort, spearheaded by the Indonesian government, shipping companies, and environmental NGOs, focuses on optimizing shipping routes to minimize fuel consumption and emissions. Furthermore, the SSI actively promotes the adoption of cleaner fuels like liquefied natural gas (LNG) or biofuels as alternatives to conventional heavy fuel oil (HFO). This multi-faceted approach aligns perfectly with the International Chamber of Shipping’s (ICS) guidelines for reducing the environmental impact of maritime supply chains (International Chamber of Shipping, 2023).Steering towards maritime decarbonization: Indonesia recognizes the crucial role of renewable energy in achieving a sustainable maritime future. The Bali Clean Energy Initiative (BCEI) exemplifies this commitment. Launched in 2022, the BCEI is a collaborative effort between the Indonesian government, international organizations, and private entities. This initiative focuses on transitioning maritime transport in Bali, a major tourist destination, to renewable energy sources such as solar and wind power. The BCEI’s vision aligns with the recommendations set forth by the International Energy Agency (IEA) in its report, “World Energy Outlook 2023” (International Energy Agency, 2023).North Sumatra’s investment in eco-friendly vessels: North Sumatra, a crucial gateway for trade and a center for shipbuilding, is another frontrunner in sustainable shipping practices. The provincial government, in collaboration with local shipyards, is actively investing in the construction of new, energy-efficient vessels. These vessels incorporate innovative design features and cleaner technologies, such as advanced air lubrication systems that reduce drag and improve fuel efficiency. This commitment to a greener maritime future positions North Sumatra as a leader in sustainable shipbuilding within Indonesia.Adding to Indonesia’s efforts, PT Pertamina International Shipping (PIS), a subsidiary of the state-owned energy company Pertamina, plays a significant role in promoting sustainable practices within the shipping industry (refer to Pertamina press release: From Solar Panels to Dual-Fuel Ships, Concrete Efforts by PIS to Reduce Pollution and Lower Emissions). PIS actively contributes to reducing air pollution and greenhouse gas emissions through a multi-pronged approach:Operational efficiency: Recognizing that operational efficiency is the most cost-effective way to reduce emissions in the short term, PIS prioritizes practices like continuous hull cleaning, installation of energy-saving devices, and optimizing ship speeds.Cleaner fuels and technologies: For the medium and long term, PIS is investing in the construction and acquisition of ships that utilize cleaner fuels, including liquefied petroleum gas (LPG), liquefied natural gas (LNG), green ammonia, green hydrogen, and biofuel blends (dual-fuel vessels). A prime example is the Pertamina Gas Amaryllis, one of the world’s largest LPG-powered Very Large Gas Carriers (VLGC) and the first of its kind in Indonesia. Additionally, PIS incorporates biodiesel into the main engine power of 146 vessels within its fleet.Renewable energy integration: PIS actively explores the use of renewable energy sources in its operations. This includes subsidiary companies like PT Pertamina Trans Kontinental (PTK) and PT Pertamina Energy Terminal (PET) successfully utilizing solar panels to reduce CO2 emissions. For instance, the installation of solar power plants on PTK’s Transko Pari 01 ship fleet and shoreside connections at PTK Port Plaju have demonstrably reduced emissions and fuel consumption. Similarly, PET’s implementation of solar panels at strategic terminals has yielded positive results.

Conclusion

Indonesia’s maritime industry, a lifeblood of its economy and a strategic asset due to its geographical location, presents an exciting opportunity on the global stage. The nation aspires to become a global leader in sustainable shipping, shaping a cleaner and more responsible future for this vital sector. This ambition aligns perfectly with the growing international consensus on the need for a greener maritime industry.

While challenges like complex regulations and outdated infrastructure in remote areas persist, Indonesia’s unwavering commitment to environmental responsibility shines brightly, offering valuable lessons for other maritime nations.

The diverse initiatives being implemented across the archipelago stand as testaments to this dedication. From the route optimization and cleaner fuel adoption championed by the Riau Islands’ SSI to the visionary transition towards renewable energy sources pursued by the Bali Clean Energy Initiative, a spirit of innovation and collaboration permeates these efforts. North Sumatra’s commitment to eco-friendly vessels demonstrates a focus on building a greener future from the ground up. Additionally, PT Pertamina International Shipping’s multifaceted approach to decarbonization showcases the crucial role that private companies can play in driving change. These initiatives not only reduce Indonesia’s environmental footprint but also contribute to cleaner air, healthier marine ecosystems, and a more robust maritime industry.

Furthermore, the Indonesian government last year was actively pursuing efforts to gather support from member countries of the International Maritime Organization (IMO) for Indonesia’s re-election as a member of the IMO Council Category C for the 2024-2025 period. This re-election signifies its dedication to international collaboration on maritime regulations and environmental sustainability efforts. By actively participating in the IMO and sharing its experiences with successful sustainable practices, Indonesia can play a leading role in shaping global shipping policies that prioritize environmental well-being (refer to Indonesia re-elected as International Maritime Organization (IMO) Council member for 2024-2025). By actively participating in the IMO and sharing its experiences with sustainable practices, Indonesia can play a leading role in shaping a cleaner and more sustainable future for global shipping.

Interconnected efforts for global impact: Indonesia’s commitment to sustainable shipping extends beyond its borders. Recent agreements with countries like the UK, a leader in maritime innovation, demonstrates a focus on knowledge sharing and collaborative research and development of cleaner technologies (refer to MoU reference). These partnerships not only benefit Indonesia but also contribute to a global shift towards a more sustainable maritime industry. By fostering international collaboration and sharing its experiences, Indonesia can serve as a model for other maritime nations, inspiring a ripple effect of positive change across the interconnected web of global shipping.

By fostering innovation, embracing collaboration, and prioritizing environmental responsibility, Indonesia is well on its way to achieving a sustainable future for its vital maritime industry.

To view this article on kpmg.com, please click here.

Kuala Lumpur, Malaysia, June 5, 2024 /3BL/ – Black & Veatch, a global leader in critical infrastructure solutions, will study green hydrogen commercialization pathways as part of efforts to realize Malaysia’s low-carbon energy ambitions.

Malaysia energy companies Tenaga Nasional Berhad (TNB) and PETRONAS have appointed Black & Veatch to conduct the study.

“Securing viable off-takers for green hydrogen is a key factor that affects the bankability of hydrogen developments. With Malaysia’s abundant renewable resources including solar and hydropower, this feasibility study has the potential to shape the development of a hydrogen economy in Malaysia over the next decade,” said Jerin Raj, Director, South & Southeast Asia, Taiwan, Black & Veatch.

“Black & Veatch has been working with hydrogen and ammonia production for over 80 years. Since developing the first hydrogen power generation conversion project and the first major hydrogen fueling station in the United States, the company has continued to deliver reliable innovation and first-of-a-kind solutions across the hydrogen value chain,” added Raj.

The objectives of the Black & Veatch feasibility study are to validate the findings of a joint feasibility study conducted by TNB and PETRONAS to develop hydrogen in Malaysia and provide strategic, technical and commercial insights on the generation, transportation, distribution and demand of green hydrogen.

This strategic collaboration affirms the partners’ commitment to support Malaysia’s vision for a flourishing green hydrogen economy.

Malaysia has created the Hydrogen Economy and Technology Roadmap (HETR) to guide the development of its hydrogen economy. The country targets to be a major hydrogen exporter in the Asia Pacific by 2050, with a projected revenue of more than RM400 billion (USD 85 billion).

Black & Veatch is meeting Asia Pacific’s rapidly rising energy needs with low and no-carbon energy sources, including green hydrogen. The company has engineering, procurement and construction (EPC) experience across the value chain of green hydrogen development, technical knowledge, and business and regulatory experience across power, transport and bunkering value chain elements.

Contact Black & Veatch for more information.

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About Black & Veatch 
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Follow us on www.bv.com and on social media.

Media Contact Information:

EMILY CHIA | +65 6335 6623 P | +65 9875 8907 M | Chialp@bv.com 
24-HOUR MEDIA EMAIL | Media@bv.com

Southwire Canada is thrilled to announce that it has been certified as a Great Place to Work® for the fourth consecutive year. This prestigious recognition is a testament to the unwavering dedication and commitment of its team, The People Behind the Power™, who consistently foster a culture of trust, respect and excellence.

“We are deeply honored to receive our fourth consecutive Great Place to Work certification,” said Tim King, president of Southwire Canada. “This achievement underscores the strength and commitment of our team who foster a culture of trust and respect daily. As we celebrate, we reaffirm our dedication to advancing this dynamic and inclusive workplace, ensuring Southwire remains a leader in innovation and integrity.”

This achievement not only highlights Southwire Canada’s dedication to maintaining a positive and inclusive work environment but also reflects the trust and confidence team members have in Southwire Canada’s leadership and culture. The ongoing commitment to teamwork, integrity, respect and excellence continues to drive us forward, ensuring that we remain a top employer in the industry.

“I am immensely proud of Southwire Canada being recertified as a Great Place to Work for the fourth consecutive year! This achievement underscores the importance we place on shared values such as teamwork, integrity, respect and excellence,” said Rahila Dhansi, People & Culture leader at Southwire Canada. “Additionally, it showcases the trust our team members place in leadership and the People & Culture team. I am thankful for our commitment and dedication to ensure that Southwire Canada continues to be a Great Place to Work.”

At Southwire Canada, we believe that our people are our greatest asset, and we are committed to creating a workplace where everyone feels valued, supported and empowered to succeed. This recognition is a testament to our ongoing efforts to build a thriving, inclusive and innovative workplace. Together, we will continue to power the future and achieve new heights of success.

For more Southwire news, visit www.southwire.com/newsroom.

Kinross Gold is pleased to announce the publication of its 2023 Sustainability Report, providing a fulsome summary of the Company’s progress over the past year in furthering its sustainability and environmental, social and governance (ESG) goals.

“At Kinross, sustainability is a key consideration in all facets of our business and we focus on getting it right at all stages of the mining process, from exploration through to development, operations and mine closure,” said J. Paul Rollinson, CEO. “In 2022, we launched an updated ESG Strategy focusing on three key pillars – Workforce and Community, Natural Capital, and Climate and Energy – setting new target objectives within each. Over the past year we have executed on that Strategy, with excellent results both operationally and from a sustainability perspective. We continued to advance our people-centric safety programs and culture, prioritize environmental stewardship, and contribute meaningful and sustainable benefits to our host communities with $4.1 billion spent in 2023. The projects detailed in our Report highlight our philosophy of driving value for shareholders, including through sustainability results.”

Click here to view the 2023 Sustainability Report:
https://www.kinross.com/2023-Sustainability-Report/

Key highlights and achievements contained in the report include:

Generated $4.1 billion in economic benefits to host countries through payments to government (US$356 million), wages ($694 million), procurement ($3 billion), and community support ($15 million). Since 2010, Kinross has contributed $48 billion to the economies of Kinross’ host countries.
Sustained high levels of local employment with 99% of the Company’s workforce and approximately 92% of management from within host countries, the latter increasing by 5% compared with 2022.
Advanced Diversity, Equity, and Inclusion, achieving 14% female representation in Kinross’ workforce, the highest level achieved to date.
Maintained low injury frequency rates that were in line with three-year averages and continued to advance performance across all leading indicators of safety performance. In 2023, 100% of Kinross operating sites implemented the Safety Excellence Program.
Maintained top-tier ranking in The Globe and Mail’s annual governance review.
Maintained record of zero material reportable incidents at the Company’s tailings sites for the 31st consecutive year.
Water intensity per gold equivalent ounce improved by 9% from 2022 to 2023, building on the 8% decrease between 2021 and 2022, driven by a 9% decrease in total water consumed and increased gold production.
Completed a gap assessment against the Task Force on Nature-related financial disclosures (TNFD), which will inform ongoing work on the Company’s strategy for natural capital.
Advanced green energy projects across the Company, including completing the 34MW Tasiast solar plant, and increasing renewables in the Company’s energy mix. Learn more about the Company’s energy efficiency initiatives across the portfolio in this video.
On track to achieve goal of 30% reduction of Scope 1 and Scope 2 greenhouse gas emissions intensity (on a per gold equivalent ounce basis) over the 2021 baseline by 2030, through implementation of 15 energy efficiency projects in 2023, with combined GHG savings of more than 29,000 tonnes CO2e.
Achieved high ESG rankings and ratings in the top quartile of the mining and metals sector including being recognized in the Dow Jones Sustainability World Index and the S&P Global Sustainability Yearbook for 2024.

About Kinross Gold Corporation
Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).

Media Contact:
Victoria Barrington
Senior Director, Corporate Communications
phone: 647-788-4153

Investor Relations Contact:
Chris Lichtenheldt
Vice-President, Investor Relations
phone: 416-365-2761
 
Sustainability Contact:
Dominic Channer
Vice-President, Community Relations & ESG
phone: 416-892-8771

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Last month, Jeremy Lardeau, senior vice president of the Higg Index at Cascale, formerly the Sustainable Apparel Coalition, joined a panel at the Global Fashion Summit, in Copenhagen. The discussion focused on deepening understanding on the complexities of quality waste, water, and greenhouse gas emissions reporting, as well as the role of collaboration to address this challenge. The importance of leveraging data insights to move the industry forward was key throughout.

Muchaneta ten Napel, founder and chief executive officer, Shape Innovate, moderated the panel session titled “Reshape, Rethink: Innovating Data.” In addition to Lardeau, the panel included Scott Raskin, CEO, Worldly, an impact intelligence platform and the exclusive platform for the Higg Index tools, and Atnyel Gued, chief product officer, Made2Flow.

Lardeau shared the broad and complicated nature of the industry and emphasized the critical role of data intelligence to drive progress across the fashion industry. He added that brands and retailers have sophisticated data intelligence to support revenue growth that can be used as a blueprint. Lardeau explained the complicated reality of carbon emission reduction and addressed the need for a different collective, pre-competitive approach. He emphasized the importance of data and intelligence for the industry to figure out how to deliver on the impacts of carbon reduction.

Lardeau noted the progress the industry has made in deepening alignment. “In five years we won’t talk about data, because it’s part of how we do business. What we will talk about is industry aligned action on specific, challenging measures that help us get to our climate ambitions.”

Scott Raskin, CEO, Worldly showcased the Facility Data Manager, the organization’s new tool geared toward enabling factories to track performance data monthly. He stressed the importance of environmental data disclosure, asserting, “Brands have to capture environmental data and they will need to report and disclose. This enforces the need to deploy tools. It’s not a choice.”

Finally, all three panelists called for the continued collaboration across the industry with Made2Flow’s Atnyel Gued asserting, “Don’t be afraid of your supply chain”.

DENVER, Colo., June 5, 2024 /3BL/ — Operation HOPE, in collaboration with U.S. Bank and KeyBank, announces the launch of “UPLIFT Denver,” a groundbreaking initiative aimed at enhancing financial literacy and fostering economic empowerment within the Denver community. The event will take place on June 6, 2024, from 4-6 p.m. at the B.E. Event Center, located at 1180 South Buckley Rd., Aurora, CO, 80017. There is no cost to attend.

UPLIFT, an acronym for ‘Understanding, Promoting, and Leveraging Financial Tools,’ embodies Operation HOPE’s commitment to equipping individuals and communities with the knowledge and resources needed to achieve financial well-being. Through a series of engaging events hosted by HOPE and other dedicated local partners, such as Denver Public Schools, UPLIFT aims to introduce and educate communities about its ongoing programs nationwide.

The UPLIFT Denver event will provide an interactive platform for attendees to immerse themselves in Operation HOPE’s mission to expand economic opportunity, making free enterprise work for everyone. Participants will have the opportunity to:

Learn about Operation HOPE’s comprehensive suite of programs on topics such as credit and money management (savings, debt reduction, etc.), homeownership, and entrepreneurship.Engage with UPLIFT partners, community leaders, members of the Operation HOPE leadership team, and its certified team of Financial Wellbeing coaches.Explore how UPLIFT is tailored to address the specific needs of the Denver community, promoting financial health and wellness for all.

“Our goal with UPLIFT is to empower individuals and communities with the knowledge and tools necessary to build a brighter financial future,” said Lance Triggs, President of Operations at Operation HOPE. “By collaborating with local partners like U.S. Bank and KeyBank, we aim to address the pressing issues of wealth disparity while also increasing access to homeownership and small business opportunities in Denver, particularly for diverse working-class families.”

“Financial literacy is the cornerstone of economic empowerment. By providing Denver residents with the knowledge and tools they need to make informed financial decisions, we are investing in the future prosperity and self-sufficiency of our communities,” said Montinee Pongsiri, SVP of Consumer & Business Banking Strategy at U.S. Bank. “We are excited to collaborate with Operation HOPE and our fellow partners at KeyBank to educate and inspire every attendee.”

“KeyBank’s purpose is to help our clients and community thrive,” said Chris Picardi, KeyBank Colorado Market President. “The UPLIFT program represents an opportunity for our community to come together and tackle the critical issue of financial literacy. We are proud to support UPLIFT Denver and bring this program to the community and provide tools to build a more secure financial future.”

The UPLIFT event will be thoughtfully structured to address the unique needs of the Denver community. Highlights will include panel discussions and breakout sessions featuring influential leaders from the public and private sectors, government officials, and coaches for in-depth learning about Operation HOPE’s services. Nearly 300 attendees are expected to attend.

According to data from the HOPE Research Institute (HRII) and its Financial Wellness Index, the average credit score for clients stands at 638 (Lakewood)*, compared to the national average of 698. Through its transformative programs, Operation HOPE has seen significant progress in Denver with an average beginning credit score of 612 for clients, a remarkable average increase of 37 points in credit score, a median reduction of client debt by $2,314, and a median increase in client savings by $1,128.

Through UPLIFT, Operation HOPE and local partners, like KeyBank and US Bank, are reaffirming their commitment to promoting financial literacy, fostering economic inclusion, and empowering communities to thrive. For more information about UPLIFT Denver and to register at no cost, please CLICK HERE.

*Access to nationwide anonymized Financial Wellness Index data is available by zip code here.

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About U.S. Bank

U.S. Bancorp, with more than 70,000 employees and $684 billion in assets as of March 31, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies and Fortune’s most admired superregional bank. To learn more, please visit the U.S. Bancorp website at usbank.com and click on “About Us.”

About KeyCorp

KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $187 billion at March 31, 2024. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

About Operation HOPE, Inc.

Since 1992, Operation HOPE has tirelessly pursued its mission of advancing economic empowerment and opportunity across America. Through innovative programs like HOPE Inside, recognized by American Banker magazine, the organization has impacted over 4 million individuals and facilitated nearly $4 billion in economic activity in underserved communities. Its initiatives have transformed lives by transitioning check-cashing customers to banking, renters to homeowners, and minimum wage workers to living wage earners. Recently honored with Fast Company’s World Changing Ideas Award and maintaining a top 4-star charity rating from Charity Navigator, Operation HOPE remains steadfast in its commitment to transparency, accountability, and driving entrepreneurship. Join the organization in leveling the economic playing field through The 1865 Project. Learn more at OperationHOPE.org and join the conversation on social media at @operationHOPE.

Originally published on Aflac Newsroom

Charlie’s smile was timid as her mother gingerly pulled the small patient wagon in which she sat into the room, the two having ventured downstairs on this recent Thursday afternoon to visit the Celebration of Courage Event sponsored by Aflac and Beads of Courage. It was week three of Charlie’s stay as a patient at the Aflac Cancer and Blood Disorders Center of Children’s Healthcare of Atlanta, and the first time the five-year-old had felt well enough to leave her room.

Celebrating the courage of patients and family members, the free of charge event was held to give them the opportunity to socialize and create new bead necklaces, clips and bracelets that help represent personal milestones in their treatment journeys. Among the bead selections were an Aflac Wingman Bead and a My Special Aflac Duck® Bead, special nods to the 18 Aflac employee volunteers who had traveled from Columbus to help this afternoon.

Five-year-old Dewey was looking forward to the event, almost as much as he was to turning six the next week, his mother, Megan, admitted as they made their way from one bead station to the next. Dewey sat quietly in his wheelchair, his collection of colorful beads threaded together by a brown string laying on a bright green tray across his lap. There were shiny blue beads, yellow ones and others in various shades of red, green and brown, some with swirls and stripes and even one with a rainbow. Five square, white beads, each with its own bold, black letter, were strung together to spell out his name.

“Some represent procedures and other milestones,” his mother said of the multiple dozens of beads Dewey brought with him. “Others, he just liked the colors.

“Little things make him happy.”

Aflac volunteers helped Dewey pick out even more beads to add to his collection.

“I was so happy to see the smiles on all of the faces,” said Angel Whittlesey Aflac’s Digital Enrollment Support Analyst, who volunteered alongside husband Marlon, an Aflac Senior HR Investigations Consultant. The couple handed out strength bracelets and helped patients design and select beads for their own origami crane strand necklaces. Others manned bead stations with activities honoring siblings and parents, and some handed out Certificates of Courage and helped patients weigh their bead collections.

“I was happy to see how positive the patients and families were,” said volunteer Jalisa Jakes, Aflac’s Associate Talent Recruiter. “It reminded me to be more mindful of being positive. Don’t take life for granted.

“Cherish every moment.”

Visit the Beads of Courage website to find out more about and to donate to the program.

Aflac WWHQ | 1932 Wynnton Road | Columbus, GA 31999

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By Heather Clancy

Originally published by GreenBiz

New and existing KFC franchisees are being asked to follow the company’s stricter guidance for slashing their carbon footprint, through its Building Green initiative, a plan developed by KFC’s development and sustainability teams. That blueprint focuses on 11 “simple but meaningful” and mandatory measures it is encouraging, and planning to require, around the world as franchisees build or refurbish locations.

KFC is one of the fastest-growing food retail chains in the world, with almost 30,000 franchise restaurants and counting: There’s at least one new location opening every 3.5 hours. Those stores account for at least one-third of KFC’s Scope 3 emissions, about the same as the footprint associated with raising the chickens that dominate KFC’s menu.

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Accelerates alternative fiber strategies with new ambition to be 100% Natural Forest Free across product portfolio beyond 2030

Appoints Lisa Morden as Chief Sustainability Officer

Kimberly-Clark today published its annual sustainability report, including an update on the company’s progress toward its 2030 sustainability goals and a new ambition to be 100% Natural Forest Free across its portfolio beyond 2030.

Over the past decade, the company has made significant investments in developing more sustainable products as part of the company’s innovation strategy and focus on delivering products with enhanced consumer benefits while striving to lower its environmental footprint.

“Sustainability is woven into the fabric of our 152-year-old company’s innovation strategy and purpose, serving as a guiding principle across every facet of our operations,” said Mike Hsu, Chairman and CEO at Kimberly-Clark. “I am proud of our team’s commitment to our purpose of Better Care for a Better World, focusing on where we believe we can make the biggest impact.”

Key highlights of the company’s 2023 progress include:

Better Planet: Building on Kimberly-Clark’s long-standing support of sustainable forest management, the company’s 100% Natural Forest Free commitment will greatly reduce its nature footprint since forests play a critical role in protecting biodiversity and helping mitigate climate change. Kimberly-Clark expects to be more than halfway to this goal by 2030.

In 2023, the company surpassed its 2030 water footprint target and bolstered the utilization of alternative energy sources such as wind and solar power, including the launch of a new virtual purchase power agreement (VPPA) in the form of an onshore wind farm in Scotland and the initiation of several renewable power purchase agreements (PPAs).

The company has achieved an absolute reduction in operational (Scope 1 and 2) GHG emissions of 40.9% towards its goal of a 50% reduction by 2030, and a 10.4% energy efficiency improvement over its 2015 baseline.

Better Products: In the past year, Kimberly-Clark continued to seek more sustainable solutions to strengthen its product offerings, for instance introducing the company’s first-ever Kotex® paper pouch; and launching reusable menstrual and incontinence solutions in markets around the globe. Kimberly-Clark also continued to prioritize the procurement of fibers from sources with sustainable forest management certification while pursuing ongoing investments in alternative fibers solutions. The company has reduced its plastics footprint by 16.4% towards its goal of a 50% reduction by 2030 over its 2019 baseline.

 

Better Society: Kimberly-Clark’s essential and well-known brands such as Huggies®, Kleenex®, Kotex® and Cottonelle® make a positive societal impact in communities in which the company operates through social impact programs and collaboration with global and local NGOs. In 2023 alone, the company estimates that its brand programs – combined with global and local partnerships – impacted 101 million people worldwide. This included helping empower women and girls, enhancing maternal and child health, and working to improve access to safe water and sanitation. 

 Better Workplace: As part of Kimberly-Clark’s efforts to cultivate a culture where employees feel supported, valued and included, the company invested in engaging its workforce at global and regional levels. Kimberly-Clark’s executive leadership team (ELT) hosted sessions with the company’s top 200 business unit and functional leaders globally to help them understand how to demonstrate performance-driven leadership through the qualities of presence, courage, candor and transparency; and how to address barriers to performance-driven leadership. The ELT then partnered with these leaders to cascade the information to employees and their team leaders. 

Further, in 2023, Kimberly-Clark strengthened its human rights due diligence and supplier engagement processes, including more robust risk segmentation, monitoring tools and supply chain mapping and by connecting suppliers with resources and experts to improve their human rights performance.

The company also appointed Lisa Morden, formerly Vice President of Safety, Sustainability, and Occupational Health to the role of Chief Sustainability Officer.

“We are proud of our progress and, in 2023, we continued to address challenges associated with single-use plastics, carbon emissions, and water use in our operations and value chain, while working to decrease forest reliance and increasing our use of renewable energy,” said Morden. “We recognize that there are still challenges and opportunities ahead and we remain dedicated to supporting a more sustainable future for all.”

Kimberly-Clark partners with a wide range of stakeholders and nonprofit organizations to deliver innovative products and solutions to improve the future for babies and children, including UNICEF.

Since 2015, Kimberly-Clark has provided over $24 million in funding to UNICEF to help strengthen neonatal health systems, increase access to safe water and sanitation, promote safe menstrual health and hygiene, and support early childhood development, resulting in nearly 14 million lives impacted across 26 countries. Additionally, Kimberly-Clark has donated over $4.6 million to UNICEF’s humanitarian responses, including during emergencies in Colombia, Haiti, India, Peru, Puerto Rico, and global support during the COVID-19 pandemic.

“Kimberly-Clark is a longstanding partner and with their continued commitment, UNICEF can reach vulnerable children and communities with the resources needed to survive and thrive,” said Michael J. Nyenhuis, President and CEO, UNICEF USA. “Together, we can build a more equitable world for every child and change the lives of millions more with sustainable and scalable solutions.”

Kimberly-Clark’s annual sustainability report and accompanying disclosures demonstrate the company’s progress through stories that highlight its work around the world as well as key data and metrics prepared in compliance with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) disclosures. The reporting covers the time frame of Jan. 1, 2023 through Dec. 31, 2023. For more information on the topics in this report, please visit the sustainability page on Kimberly-Clark.com.

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About Kimberly-Clark

Kimberly-Clark (NYSE: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people’s most essential needs, we create products that help individuals experience more of what’s important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World’s Most Ethical Companies(R) by Ethisphere for the sixth year in a row and one of Fortune’s Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company’s 150-year history of innovation, visit the Kimberly-Clark website.

Forward Looking Statements 
All statements in this news release that are not historical, including goals for and projections of future results, the expected execution and effect of our sustainability strategies and initiatives and the amounts and timing of their expected impact, constitute forward-looking statements that are based on management’s expectations and beliefs concerning future events impacting the company.

Many factors outside our control, including competitive pressures, evolving legal and regulatory requirements, and societal and market conditions globally and in the markets in which we do business, could cause actual results to vary. Issues identified as material for purposes of this release may not be considered material for SEC reporting purposes. There can be no assurance that these future events will occur as anticipated. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to publicly update them. Please see Kimberly-Clark’s latest Annual Report on Form 10-K and subsequent SEC filings for a discussion of risk factors as they relate to forward-looking statements.