Troutman Pepper Locke Celebrates 100 Days as Combined Firm With Significant Achievements in Energy Sector

Milestone Highlights Firm’s Continued Commitment to Excellence and Innovation Across Energy Industry

NEW YORK, April 22, 2025 /PRNewswire/ — Troutman Pepper Locke proudly marks its 100th day as a combined firm, following the merger of Troutman Pepper and Locke Lord. With an extended reach in the energy sector, the firm offers solution-oriented, execution-driven services through a deeper coast-to-coast cross-disciplinary team of 220+ lawyers focusing on a broad range of practice areas. This milestone underscores the firm’s dedication to advancing the interests of its clients and driving progress within the energy industry.

“The combination of both legacy firms has been a remarkable success, enhancing our ability to serve our clients with even greater depth and breadth,” said John Leonti, partner and co-leader of the firm’s Energy Industry Group. “Our first 100 days have demonstrated the robust capabilities of our combined firm and our relentless pursuit of excellence in the energy sector. We are proud to offer a full spectrum of services that cater to the diverse and intricate needs of our clients, ensuring their continued growth and success.”

In the past 100 days, the firm and its lawyers represented clients in dozens of mergers and acquisitions, commercial, securities, and private equity transactions, which included significant regulatory, real estate, and environmental support in every sector of the industry, continuing to cement its position as a leading legal advisor. Troutman Pepper Locke’s Energy Industry Group closed more than 30 deals in excess of $10 billion across numerous regions and practices.

A pivotal moment for the firm was its first few integrated energy matters post-merger, showcasing the seamless collaboration between the legacy firms. Clients who previously engaged with a legacy firm returned to the newly formed Troutman Pepper Locke for its expanded commercial-minded representation with a deep understanding of the energy industry. The firm represented Summit Midstream Corporation in its acquisition of Moonrise Midstream from Fundare Resources Company Holdco for a total consideration of $90 million, including $70 million in cash and $20 million in SMC equity. Additionally, the firm advised Hull Street Energy, a private equity firm specializing in deploying capital into the power sector as it decarbonizes, in its agreement to acquire six units from Elwood Energy, a subsidiary of J-Power USA. These representations reinforced the trust clients place in the firm and its lawyers for handling large multimillion-dollar transactions time and time again.

“Combining the rich histories, esteemed reputations, and robust capabilities of both legacy firms, Troutman Pepper Locke’s Energy Industry team has become a true one-stop solution for industry participants,” said Bill Swanstrom, partner and co-leader of the firm’s Energy Industry Group. “With our unwavering commitment to client service, innovative solutions, and long-standing relationships, we’ve created an energy powerhouse, guiding clients through the complexities and growth opportunities across the nation with unmatched experience and insight, contributing to the firm’s enduring legal legacy.”

Supporting the energy industry has been a focus of Troutman Pepper Locke since its inception more than a century ago. Energy clients across the country depend on the firm for multidisciplinary support from lawyers who know the energy business inside and out. The newly combined firm, with experience in all 50 states, Washington, D.C., and Puerto Rico, continues to be a nationally recognized, full-service energy powerhouse, representing clients in every critical discipline from project development and finance to M&A, joint ventures, private equity, litigation, regulatory, environmental, capital markets, and real estate. This deep understanding of the energy industry is a defining feature that sets Troutman Pepper Locke apart from its competitors. The firm’s market-leading energy practices help clients with their most important and complex matters, including electric power, oil and gas, hydropower, and emerging technologies. The cross-disciplinary team regularly advises electric utilities, independent power producers, banks, upstream and midstream natural gas companies and service companies, private equity funds, and other large corporations.

Learn more at energylawinsights.com.

Troutman Pepper Locke

Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.

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SOURCE Troutman Pepper Locke LLP

Another World-First From Leidos and NATS

Pairwise is a new innovative way of separating arriving aircraft, developed by Leidos UK and the air traffic service NATS. It is helping to boost on-time performance and cut carbon emissions at London’s Heathrow Airport.

Pairwise works by introducing a totally new way of calculating the minimum separation between arriving pairs of aircraft.

It is delivered using Intelligent Approach (IA), an arrivals spacing tool, jointly developed by Leidos and NATS with help from Think Research, that helps controllers to safely optimise the gaps between aircraft arriving at an airport. IA first went live in 2015 at London Heathrow and is now also in operation at Amsterdam Schiphol and Toronto Pearson airports.

“Pairwise marks another new milestone in the advancement of the Intelligent Approach tool,” said Graham Emmons, vice president and managing director of civil at Leidos UK, “advancing this world-leading solution to deliver even greater benefits for airports, airlines, passengers and importantly the environment.”

Traditionally, aircraft separation is based on six categories taking into account the aircraft’s weight and the amount of wake vortex it generates.

What Pairwise does is it tailors the separation between each pair of aircraft using the specific characteristics of each individual aircraft type. Tailoring the separation in this far more granular way means air traffic controllers can safely reduce the gap between some pairs of aircraft and increase the overall flow of traffic.

Graham Emmons
VP, Managing Director Leidos Civil UK

This sophisticated approach to Time Based Separation (TBS) is especially beneficial for capacity-constrained airfields, with Pairwise enabling existing runways to utilise maximum capacity without the need for expensive changes to ground infrastructure.

Successful deployment at Heathrow

At Heathrow airport, one of the world’s busiest international airports and the UK’s largest, Pairwise was deployed at the end of last year. The technology is expected to increase the landing rate by around two additional arrivals per landing runway per hour versus traditional wake vortex groups.

While the overall number of flights at Heathrow is capped by government regulation, being able to land more aircrafts per hour will help to minimise delays and airborne holding, resulting in significant fuel and emissions savings as well as increased passenger satisfaction.

IA’s TBS is already delivering up to 47,000 tonnes of CO2 savings at Heathrow, in addition to delay savings and additional tactical runway capacity. Pairwise adds significant further savings. The airport is scheduled at 99 per cent of its declared capacity, meaning any impact on landing rate increases the possibility of both delays and cancellations.

“With Pairwise, the airport has more tactical capacity for flight movements, so flights arrive and depart more on schedule,” explained Emmons. “It improves punctuality at the airport, along with the environmental benefits.”

“Deploying innovative technology like Pairwise separation at Heathrow makes a real difference to our operation’s overall resilience,” said Kelly Stone, head of airport operations Heathrow Airport Limited.

Intelligent Approach benefits

Intelligent Approach, developed jointly by Leidos UK and NATS, was a world first when it deployed at Heathrow in 2015. Its use of dynamically calculated time-based separation – as opposed to static, distance-based gaps – cut headwind delays by more than 60% and reduced airborne holding by 230,000 minutes per annum, saving over 47,000 tonnes of CO2. Pairwise is an exciting opportunity to add further value to these benefits.

Learn more about Intelligent Approach

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Above All, Be Yourself: Meet Camila Bautista

Originally published on GoDaddy Resource Library

I am a Senior Recruiting Coordinator at GoDaddy and have been with the company for ten months. With nine years of experience in Talent Acquisition, Recruiting, Candidate Experience, and Customer Support, I am passionate about this field. It allows me to assist others in securing their dream jobs and enhancing their interview processes. I studied International Business Management, and during my internship with General Electric, I discovered my passion for Talent Acquisition. That initial experience ignited a profound passion within me, compelling me to seek further opportunities in the field. Throughout my career, I’ve had the opportunity to work with both startups and multinational companies across various industries, including Tech, Education-Tech, Oil and Gas, Beauty, and Telecommunications. This diverse experience has provided me with a well-rounded perspective and a deep understanding of different talent needs. I also have a strong passion for languages, which has helped me work effectively with teams and candidates from all over the world. In addition to my corporate role, I’ve been passionate about beauty and fashion since I was 14 years old. I started watching makeup tutorials on YouTube, and in 2018, I began studying makeup professionally, which I continue to do today. I really enjoy balancing my career at GoDaddy with my creative side in beauty, as it allows me to explore both my corporate and artistic passions in parallel.

What initially attracted me to GoDaddy was its global influence, innovative strategies, and dedication to empowering small businesses. The chance to work in such a dynamic environment, surrounded by talented colleagues, has been a perfect match for my skills and ambitions. I’ve genuinely appreciated my time here.

What has driven your growth most through your career? 

My growth has been fueled by an unwavering curiosity and a deep passion for enhancing processes. Being able to see how small changes can lead to big improvements, whether in candidate experience or team efficiency, really keeps me motivated. I also thrive on collaboration and learning from colleagues across different departments and cultures, which has significantly helped me grow in my role. One of the key drivers for me has been my love for working with both customers and candidates. I find great fulfillment in interacting with people and always strive to make every interaction better, whether it’s enhancing the candidate experience or building stronger relationships with stakeholders. This focus on people and continuous improvement has really shaped my career growth.

If you had to describe GoDaddy’s culture in one word, what would it be and why? 

Inclusive. GoDaddy is all about bringing people together from diverse backgrounds, cultures, and experiences. It’s a place where everyone’s voice is heard, and there’s a genuine commitment to supporting each other’s growth. The company also values work-life balance, which allows us to be productive while maintaining a healthy personal life. Additionally, recognition is an integral part of the culture here.

Employees are celebrated for their contributions, which makes it a truly motivating environment.

This inclusive, balanced, and appreciative atmosphere is one of the things I love most about working at GoDaddy!

How have you and the team stayed successful and collaborated whilst working remote? 

Effective communication and mutual trust have been essential for our remote work success. We’ve built a culture of transparency, and we make sure to stay connected through regular check-ins, virtual team meetings, and collaborative tools. It’s really empowering to know that we can achieve our goals while maintaining flexibility and still feel like a tight-knit team.

What advice would you give to someone who is looking to join the company? 

I would advise anyone looking to join GoDaddy to be ready to embrace a fast-paced, innovative environment. It’s important to be adaptable and open to change, as the company is always evolving. Having a passion for helping small businesses and being excited about technology and global collaboration will also go a long way. Above all, be yourself – GoDaddy values authenticity and diverse perspectives!

What do you enjoy doing outside of work? 

Outside of work, I’m a content creator, model, and makeup artist. I’m passionate about beauty and fashion, and I love keeping up with the latest trends and sharing my experiences on social media. This also gives me the opportunity to meet amazing people and connect with brands. I’m also a big fan of traveling, exploring new restaurants, and having great food experiences. One of my favorite things to do is visit bubble tea places—I absolutely love sipping on boba while walking around! I also enjoy going to concerts. There’s something about the energy of live music that I find incredibly exciting and fulfilling. Spending time with my family and my partner is incredibly important to me, and I truly cherish those moments of connection. I also love animals and have two cats, Niza and Marshmellow, who bring so much joy and fun into my life! Additionally, I’m passionate about learning languages. I’m a native Spanish speaker, fluent in English, and I know a bit of French. Right now, I’m learning Portuguese, and I’m really excited to expand my language skills to continue in my journey of connecting with more people around the world!

Are you enjoying this series and want to know more about life at GoDaddy? Check out our GoDaddy Life social pages! Follow us to meet our team, learn more about our culture (Teams, ERGs, Locations), careers, and so much more. You’re more than just your day job, so come propel your career with us.

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What Is Energy Transition? A Guide to the Future of Energy

The shift to cleaner energy sources is vital for reaching climate targets and securing our global energy future. To ensure a smooth transition, businesses, governments and other stakeholder agencies should consider infrastructure needs, policy changes, and fair access for all.

This guide explores the key drivers, emerging trends, and potential impacts of the energy transition, along with insights on how organizations can contribute to a more sustainable future.

What Is Energy Transition? 

Energy transition refers to the global shift from fossil fuel-based energy systems to low-carbon and renewable alternatives. This transformation is essential to reducing greenhouse gas emissions and meeting international climate targets, including limiting global warming to 1.5°C above pre-industrial levels as outlined in the Paris Agreement.

Learn more: Energy Transition Explained: Why and How the World Is Making a Shift 

The impact of the changing energy mix on infrastructure

The energy mix is shifting as renewables like wind, solar, and hydrogen gain ground. However, fully realizing this transition requires massive infrastructure adaptations

Power grids, for example, need to be upgraded to handle decentralized and variable renewable energy sources. Additionally, energy storage solutions will need to be expanded to manage supply fluctuations. Finally, existing infrastructure needs to be retrofitted to accommodate low-carbon alternatives such as hydrogen and carbon capture technologies.

When will fossil fuel demand peak? 

The International Energy Agency (IEA) predicts that global demand for fossil fuels will peak before 2030, driven by rapid growth in renewables, the rise of electric vehicles, and improving energy efficiency. This forecast signals an accelerated shift away from coal, oil, and natural gas—faster than many previously expected. 

However, while demand may decline, strategic planning is essential to ensure a smooth transition, prevent economic shocks, and support workers and communities reliant on fossil fuel industries.

Key Drivers of the Energy Transition

The energy transition is driven by several significant factors, including the critical need to combat climate change and the economic benefits of renewable energy sources. Here’s an overview of the primary drivers moving us toward a greener future.

Combatting climate change 

Reducing carbon emissions is at the core of energy transition efforts. Rising global temperatures and increasing climate-related disasters are the most widely felt outcome of climate change, stressing the critical importance of cutting greenhouse gas emissions and accelerating the shift to clean energy sources. Governments, businesses, and investors are working toward aligning strategies with net-zero targets to mitigate long-term climate risks, although shifting political winds risk derailing progress.

Learn more: Safeguarding Businesses from Hurricanes and Wildland Fires 

Economic factors 

The economic case for clean energy is stronger than ever. The cost of solar and wind power is falling, making renewables more competitive in the broader energy market. Meanwhile, oil and gas markets remain volatile, with geopolitical tensions and supply chain disruptions leading to unpredictable price swings. Many industries are turning to renewables not just for sustainability, but for cost stability and energy security.

Technological innovations 

Innovation is accelerating the transition by making clean energy more efficient and scalable. Key breakthroughs include:

  • Energy storage improvements: Advancements in battery technology, such as lithium-ion and solid-state batteries, are making renewable energy more reliable.
  • Smart grids: Digitalized grids optimize electricity distribution, reduce waste, and enhance energy efficiency.
  • Virtual power plants (VPPs): Aggregating distributed energy resources, such as rooftop solar panels and EV chargers, helps balance supply and demand in real time.

The Role of Government and Industry in the Energy Transition 

Governments around the world are implementing initiatives that encourage the adoption of clean energy while setting long-term sustainability targets, and public policy and regulatory frameworks play a crucial role in shaping the energy transition. National and international climate commitments, including those under the Paris Agreement, are driving policy shifts toward decarbonization by setting emissions reduction targets.

These regulations also incentivize the business sector to participate in the energy transition. Subsidies, tax credits, and grants for solar, wind, and storage technologies are making clean energy adoption more feasible. Cap-and-trade programs, carbon taxes, and mandatory emissions disclosures are pushing industries to adopt more sustainable energy practices. 

While progress varies by region, the momentum behind clean energy policies is undeniable. Companies that proactively align with these regulations will be better positioned for long-term resilience.

Learn more: 

The Economic and Social Impact of Energy Transition 

While there are numerous economic and social advantages to energy transition, it is vital that those driving this change take into account how shifting energy infrastructure and workforce needs impacts livelihoods and access to energy.

Capital flow into renewables 

Global investment in clean energy has surged in recent years, with the global marketplace investing twice as much in clean energy as it does in fossil fuels.

Major financial institutions, corporations, and governments are channeling capital into wind, solar, hydrogen, and energy storage technologies, with nearly $2 trillion in direct investment since 2020. This shift reflects growing confidence in the long-term viability of renewables and increasing pressure from investors to align with climate goals.

Public and private funding is also expanding to support grid modernization, electric vehicle infrastructure, and emerging clean technologies. However, while investment is accelerating, securing financing for developing economies remains a challenge, requiring targeted policies and international collaboration.

Workforce shifts in a changing energy economy

The transition to clean energy is reshaping the global workforce. While fossil fuel jobs are expected to decline, renewable energy sectors are growing rapidly, creating new employment opportunities in manufacturing, construction, and maintenance.

Sectors seeing significant job expansion include:

  • Solar and wind industries, which require large-scale installation and maintenance work.
  • Battery production and energy storage, driven by the demand for grid stability and electric vehicles.
  • Energy efficiency sectors, such as retrofitting buildings and smart grid deployment.

Despite the growth in clean energy jobs, workforce training and reskilling initiatives are critical to ensuring a just transition for workers moving out of traditional energy sectors.

Energy equity and accessibility 

The energy transition presents an opportunity to address energy poverty by expanding access to affordable, reliable electricity in underserved regions. According to the European Commission, “Energy poverty occurs when a household must reduce its energy consumption to a degree that negatively impacts the inhabitants’ health and wellbeing.”

Decentralized renewable energy solutions, such as off-grid solar and microgrids, are already transforming energy access in remote and developing communities.

However, ensuring a fair transition means addressing disparities in:

  • Infrastructure development, as many regions still lack the resources for large-scale renewable deployment.
  • Energy affordability, ensuring that rising energy costs do not disproportionately impact lower-income populations.
  • Policy incentives, which must support both industrialized and developing nations in scaling clean energy adoption.

Learn more: Just Energy Transition: The US Perspective 

Overcoming barriers to transition 

Despite its benefits, the energy transition comes with short-term economic and infrastructure challenges. Key barriers include:

  • High upfront costs: While renewables are cost-effective over time, initial investment remains a hurdle. Government incentives and private financing mechanisms play a crucial role in bridging the gap.
  • Grid adaptation: Aging infrastructure must be upgraded to accommodate decentralized and intermittent energy sources. Smart grid technologies and energy storage solutions are helping address this challenge.
  • Policy and regulatory uncertainty: Inconsistent policies can slow progress. Clear, long-term regulatory frameworks are needed to provide stability for investors and businesses.

While these challenges are significant, the momentum behind the energy transition continues to grow. With strategic planning, investment, and innovation, the shift to a sustainable energy future can drive economic growth, enhance energy security, and create a more equitable global energy system.

The Future of Energy Transition 

The future of energy transition holds immense potential. Emerging technologies like AI-driven energy optimization, grid modernization, and advanced storage solutions are transforming the sector, making renewable adoption more efficient and scalable.

Ensuring equitable access to clean energy for all communities is essential, and this demands fair infrastructure development and expanded reach in underserved areas. Businesses and governments play a pivotal role in this endeavor. By adopting sustainable practices and investing in innovative clean energy solutions, they can drive the transition to a cleaner and more resilient energy future for everyone, leaving no one behind.

Ready to lead the energy transition with confidence? Discover how Antea Group’s Energy Management Consulting can help.

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SODASTREAM SUSTAINABILITY CONCIERGE: A BRAND-NEW SERVICE TO HELP YOU REPLACE SINGLE-USE PLASTIC AT HOME

New Concierge Service Helps Consumers Swap Single-Use Plastic Bottles with a Free SodaStream Sparkling Water Maker and Reusable Alternatives

PURCHASE, N.Y., April 22, 2025 /PRNewswire/ — This Earth Day, SodaStream® is making sustainability effortless with the launch of the SodaStream Sustainability Concierge – a new service designed to help consumers replace their single-use plastic from their homes with more sustainable solutions.

As part of its commitment to replace single-use plastic, SodaStream is offering select participants a plastic-free makeover – right at home. This includes replacing single-use plastic bottles with a free SodaStream sparkling water maker, reusable bottles, and a variety of flavors to create a personalized, sustainable hydration setup.

A More Sustainable Home, Made Easy
57% of Americans believe it’s “near impossible” to live guilt-free in their homes when it comes to sustainability*. SodaStream is here to change that. The Sustainability Concierge is designed to make the transition to eco-friendly living feel simple and doable, not daunting. The service goes beyond swapping out bottles – it’s a personalized, hands-on way to kick-start more sustainable habits throughout the home.

Here are just a few ways the Concierge can transform your daily routine:

  • Fridge Refresh –Replace single-use plastic water bottles with SodaStream reusable bottles, so your cold drinks are always sustainable.
  • Kitchen Upgrade – Stock your cabinets with a variety of SodaStream flavors, making it easy to enjoy sparkling beverages, just the way you like them.
  • Countertop Convenience – Set up a SodaStream machine on your kitchen counter or home office desk, so refreshing, fizzy water is always at your fingertips.
  • On-the-Go Hydration – Swap plastic water bottles from your gym bag and replace them with a SodaStream reusable Fizz & Go Bottle to keep hydrated on the go.

Consumers can apply at sodastreamsustainabilityconcierge.prod.fooji.com by sharing their contact information and three changes they’ve made to be more environmentally conscious. A select number of participants will receive a free SodaStream kit and Sustainability Concierge services to kick-start their sustainability journey.**

“The launch of SodaStream Sustainability Concierge is about making sustainable living simple, convenient, and accessible for everyone,” said Can Sanay at SodaStream. “We know it can feel overwhelming to transition away from single-use plastics, so we’re here to help make that switch easy. With this initiative, we’re delivering a hassle-free way to replace plastic – one refillable bottle at a time.”

With SodaStream Sustainability Concierge, the brand is taking another step toward a greener planet – one sparkling sip at a time.

* OnePoll-2023 -Sustainability 2,000 Us GEN POP 
**Selected participants will receive a $200 Giftly gift card to hire their own concierge via TaskRabbit for assistance with their eco-conscious transition.

About SodaStream 
SodaStream, a PepsiCo subsidiary, is a top global sparkling water maker brand. SodaStream empowers consumers to create perfect personalized sparkling beverage experiences with just a push of a button. By allowing its users to make better choices for themselves and the planet – SodaStream is revolutionizing the beverage industry and changing the way the world drinks. To learn more about SodaStream visit corp.sodastream.com and follow SodaStream on Instagram, TikTokFacebook, and YouTube.

Contact: 
Alison Brod Marketing + Communications
sodastream@abmc-us.com

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SOURCE SodaStream

Assent Releases 2024 Sustainability Report Breaking New Ground in Climate, Equity, and Governance

WASHINGTON–(BUSINESS WIRE)–Assent Inc., the leader in supply chain sustainability management, today released its 2024 Corporate Sustainability Report, showcasing a year of meaningful progress backed by AI-powered sustainability insights. Assent enhanced climate action, inclusive leadership, and ethical governance while uniting responsible environmental practices and robust business accountability. The report is centered around the core belief that investing in people contributes to stronger b

Cascale Podcast Season Spotlights Consumer Goods Supply Chain Decarbonization

AMSTERDAM, HONG KONG, OAKLAND, Calif., April 22, 2025 /3BL/ – With a thematic focus on consumer goods supply chain decarbonization, the new season of Cascale’s “Source of Good” podcast reflects the nonprofit organization’s commitment to combat climate change. Kicking off with Lewis Perkins of Apparel Impact Institute (Aii), released today, “Source of Good” will share actionable insights and inspiring stories that drive the urgent transformation needed in the consumer goods industry. Across 10 bi-weekly, 20-minute episodes, listeners will discover how innovative companies – including Tapestry, Primaloft, ITL, Hirdaramani, and more – use Cascale’s Higg Index tools and other pioneering practices with the aim to achieve a 45% reduction in GHG emissions by 2030, ultimately aligning with a 1.5°C future.

“Our work with Cascale is about more than metrics – it’s about building momentum for real, lasting change,” said Lewis Perkins, president at Aii. “Together, we’re shaping a shared roadmap to help our industry cut emissions. I’m inspired by what’s possible when we align around bold action and collective responsibility for a better industry and healthier planet.”

Building on the inaugural season successes – including a conversation with Rick Ridgeway, legendary mountaineer, environmentalist, writer, and Cascale co-founder – “Source of Good” set the standard for industry dialogue on sustainable practices. With subscribers in over 50 countries, listeners can find the podcast on all major streaming platforms and follow the journey of industry change through each insightful episode.

“By spotlighting supply chain decarbonization, we’re addressing one of today’s most urgent challenges—while sharing powerful stories of transformation. These episodes showcase tangible strategies that inspire collective action and demonstrate how our industry can unite for a sustainable future,” said Lee Green, vice president of Marketing & Communications at Cascale.

“Source of Good” is produced by Hueman Group Media, a Webby-winning media company that produces high-caliber podcasts for social change and impact. The show is hosted by Rachel Lincoln Sarnoff, Cascale’s communications director and a former journalist. “Source of Good” is available on multiple platforms, including Apple Podcasts, Spotify, iHeart Radio, Amazon Music, and more.

For more information about Cascale and to listen to the Source of Good podcast, visit cascale.org/resources/podcast/ or join our email mailing list here.

ABOUT CASCALE

Cascale is the global nonprofit alliance empowering collaboration to drive equitable and restorative business practices in the consumer goods industry. Formerly known as the Sustainable Apparel Coalition, Cascale owns and develops the Higg Index, which is exclusively available on Worldly, the most comprehensive sustainability data and insights platform. Cascale unites over 300 retailers, brands, manufacturers, governments, academics, and NGO/nonprofit affiliates around the globe through one singular vision: To catalyze impact at scale and give back more than we take to the planet and its people. LinkedIn | X | Instagram | Facebook | YouTube

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Fair Housing Month: First-Year Costs of Homeownership

If you’re like most homebuyers on a budget, you’re probably paying close attention to the asking price of homes on the market. You may even have a ballpark figure or mortgage payment in mind. That’s a great start. But it’s important to be aware that the cost of buying a house is a bit more complicated than the asking price. KeyBank’s 2025 Financial Mobility Survey found that while many believe owning a home is not an attainable goal for themselves nor the average American, financial education can help them be more confident in the home-buying process. KeyBank can help you prepare for the costs and build a budget so you can go through this with confidence.

Costs to Consider When Building Your Budget

Once you’ve found a home you like and your offer is accepted, it typically takes 30 to 45 days for the deal to close. During this time, there are several costs you’ll be responsible for. Factoring these early costs of homeownership into your plans will help you make the best choices for your finances.

Down payment: According to The Mortgage Reports, a typical down payment for a house is up to 20% of the purchase price, depending on the type of loan. If you don’t have 10%–20% saved, a KeyBank Mortgage Loan Officer can see whether you qualify for a loan that requires as little as zero down.

Closing costs: You should also budget for closing costs equal to approximately 3%–6% of the amount you’re borrowing. Closing costs include title insurance, appraisal fees, prepaid homeowners insurance and other fees. Some lenders may allow you to roll the closing costs into your loan and, in some instances, a motivated seller may agree to pay some of the closing costs. This is offered on a case-by-case basis and is something you should discuss with your realtor to make sure you understand and consider any tradeoffs.

A KeyBank mortgage loan officer can look at your income, assets, debt, and credit to create an accurate estimate of costs for homes you’re considering. They can also identify any incentives you may qualify for, like KeyBank’s interest rate discount1. For example, on a $200,000 loan with a fixed 6.25% interest rate, our .25% interest rate discount could save you a considerable amount over the life of the loan.2

Additional Homeownership Costs

There are many recurring costs associated with owning a home. Here are a few of the costs you can expect:

Homeowners insurance: Usually an annual cost, homeowners insurance premiums may often be paid as part of your regular mortgage payment.

Property taxes: Sometimes referred to as real estate taxes, property taxes may be collected as part of your mortgage payment or paid separately.

Utilities: These include electricity, gas, water and sewer, trash, and recycling.

Home services: Make sure to budget for services like internet, phone, or home security.

Ongoing maintenance costs: Each year, consider setting aside at least 1% of your home’s purchase price for ongoing home maintenance costs. If you plan to do any renovations shortly after move-in, or if the home inspection turned up any issues that need immediate attention, make sure to factor those expenses in, too, like new furniture and appliances.

KeyBank’s registered mortgage loan officers can help guide you through every step of the home-buying process. Contact us today.

About the KeyBank 2025 Financial Mobility Survey: This survey was conducted online by Schmidt Market Research in September 2024, polling 1,000 Americans, ages 18 – 70, with sole or shared responsibility for household financial decisions, who own a checking or savings account. The survey sought to gain insight into financial resiliency and explored respondents’ spending and savings habits, levels of financial confidence and financial resiliency, economic sentiment, and impacts of societal trends and pressures over the prior year.

This is designed to provide general information only. All credit products are subject to collateral and/or credit approval, terms, conditions, availability and subject to change. ©2025 KeyCorp. All rights reserved. CFMA #250404-3134828

NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval. Not all home lending products are available in all states. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.

NMLS #399797. Equal Housing Lender. Mortgage and Home Equity Lending products offered by KeyBank are not FDIC insured or guaranteed. KeyBank extends credit secured by residential real estate without regard to race, color, religion, national origin, sex, handicap, or familial status.

1To receive relationship benefits on a new KeyBank mortgage loan, which provides a 0.25% interest rate reduction, you must have owned a Relationship Account at any time during the mortgage loan application process, but no later than seven (7) business days prior to the closing of the mortgage loan. This Interest rate reduction is available on new KeyBank mortgage loan applications only.
As an alternative to the relationship benefit, you may obtain a 0.25% interest rate reduction if you complete and submit, no later than seven (7) business days prior to the closing of the mortgage loan, the Monthly Automatic Payment form to have your recurring mortgage payment for your KeyBank mortgage loan automatically deducted from an “Eligible KeyBank Consumer Checking Account”. Refer to the Monthly Automatic Payment form for more details.
For fixed-rate mortgages, the 0.25% interest rate reduction will be reflected in the interest rate on the Promissory Note. For adjustable-rate mortgages (“ARMs”), the 0.25% interest rate reduction will apply to the initial fixed interest rate period and will be reflected in the maximum amount the interest rate can increase of the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note or Agreement. 
“Relationship Account” means (A) an open Eligible KeyBank Consumer Checking Account with five (5) or more Qualifying Transactions posted to a single Eligible KeyBank Consumer Checking Account in a calendar month, which may not be aggregated across other accounts you own, OR (B) an open Key Private Bank Checking or Key Private Bank Personal Checking account.
An “Eligible KeyBank Consumer Checking Account” means: any KeyBank consumer checking account designated as a personal checking account by KeyBank, including KeyBank’s Hassle-Free checking account, but excluding a health savings account.
“Qualifying Transactions” include, but are not limited to, point of sale transactions, bill payment(s), ATM transactions, check, cash or direct deposits, and electronic funds transfers. Qualifying Transactions exclude adjustments, advances, reversals, refunds, account to account transfers, person-to-person transfers, interest, service charges, and service fees. Qualifying Transactions must be completed at least three (3) business days prior to application to be eligible for inclusion in determining whether you met the “Relationship Account” portion of the “Bank with Key” criteria.
The 0.25% interest rate reduction may not be combined with certain other discounts or promotions and may not be available for all home lending products. Other terms, conditions, and/or limitations may apply. Contact KeyBank Home Lending for more details.

2This example is provided for illustrative purposes only to show possible savings. It does not constitute a commitment to lend on the terms listed, nor does it reflect the current mortgage interest rate offered by KeyBank. Your actual total savings may vary.

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PSE&G Advises Customers To Be Cautious and Alert About Utility Scams During National Consumer Protection Week

Originally published on PSEG NewsRoom

NEWARK, N.J., April 22, 2025 /3BL/ – PSE&G reminds customers how to spot and avoid utility scams. We join Utilities United Against Scams (UUAS) in supporting the Federal Trade Commission’s (FTC’s) annual National Consumer Protection Week, along with more than 100 federal, state and local agencies; consumer groups and national advocacy organizations.

PSE&G works hard to inform customers about scams. Utility impostor scammers pretend to represent electric, natural gas, water and sewer utilities to steal customers’ money and personal information. Being aware of how scammers operate can save customers from being cheated out of hundreds, if not thousands of dollars.

Scammers approach customers through a variety of methods, including texts, phone calls, in-person visits and emails. Scammers often claim a customer is past due on their utility bill, and demand payment through one specific payment option to avoid service disconnection. PSE&G offers various ways to pay your bill and would never require a specific type of payment. PSE&G payment options include online, through our mobile app, by text, phone, mail or at a customer service center. The newest ways to pay include Amazon Pay, PayPal®, Google Pay, Apple Pay and Venmo.*

“The safety and security of our customers is always a top priority. We continue to raise awareness and educate customers about how to spot and stop potential scams,” said Dave Johnson, senior vice president and chief customer experience officer, PSE&G. “Scammers try to blindside you with an urgent problem in the hopes that you panic and miss all the clues of a scam. We want customers to remember one simple thing: If someone calls threatening to shut off your power or gas service and demands a specific type of payment immediately, hang up and call the number that’s printed on your bill to verify before acting.”

Anyone can fall victim to a utility scam. 

Our customers have reported how scammers have demanded a specific type of payment while threatening disconnection. Here are a few real-life stories:

  • A customer made a payment using gift cards and lost over $1,300 to a scammer.
  • A customer paid via a “money pack” through a convenience store and lost $500.
  • A customer made a payment via a texted bar-code and lost $400.
  • A pizzeria owner lost almost $2,000 when a scammer called his store and demanded payment using Money Express.
  • An auto shop owner fell victim to a scammer who advised the customer to make multiple cash payments using money transfers over $1,700.

Spoofing caller ID

It’s important to be aware that scammers may also use what’s called “Call Spoofing.” Scammers will manipulate caller ID to display the utility company’s real phone number, making their scheme seem legitimate.

For example, a customer reported that his caller ID said “PSEG” and he was told he had to pay $2,400 via various gift cards to avoid being switched to a third party energy supplier. The customer shared with us that it was a very stressful time for him and he fell for the scam because he was distracted with a family emergency.

Common utility scam tactics

  • Fake phone calls – Scammers call pretending to be from your utility company, claiming your bill is overdue and demanding immediate payment, often through prepaid cards, wire transfers or cryptocurrency.
  • Phony door-to-door visits – Fraudsters may show up at your home wearing fake uniforms, insisting on an immediate inspection or payment.
  • Suspicious emails and texts – You may receive messages claiming to be from your utility provider with links asking for payment or personal details.
  • Caller ID spoofing – Scammers can manipulate caller ID to display a utility company’s real phone number, making their scheme seem legitimate.

How to protect yourself

  • Stay calm and verify – If you receive a suspicious call, hang up and contact your utility company directly using the number on your bill.
  • Check credentials – If someone comes to your door claiming to be from your utility, ask for proper identification and call the company to confirm their identity.

What to do if you paid a scammer

Scammers often ask you to pay in ways that make it tough to get your money back. Learn more about how to get your money back.

Report utility scams

If you got a call from, or were contacted by, a scammer or imposter:

Raising awareness about utility scams helps protect our communities from fraud.

Stay informed, stay cautious and always verify before you pay!

Visit and share our scam alert webpage for additional information: pseg.com/ScamAlert

PSE&G

Public Service Electric & Gas Co. is New Jersey’s oldest and largest gas and electric delivery public utility, as well as one of the nation’s largest utilities. PSE&G has won the ReliabilityOne® Award for superior electric system reliability in the Mid-Atlantic region for 23 consecutive years. For the third consecutive year, PSE&G is the recipient of the ENERGY STAR Partner of the Year award in the Energy Efficiency Program Delivery category. In addition, in 2024 J.D. Power named PSE&G number one in customer satisfaction with residential electric service and gas service in the east among large utilities. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company focused on a clean energy future and has been named to the Dow Jones Sustainability Index for North America for 17 consecutive years (www.pseg.com).

*Fees apply 

Contacts:

Rebecca Mazzarella
Media line: 973-430-7734
Rebecca.Mazzarella@pseg.com

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Boehringer Ingelheim Invests in Sustainable Aviation Fuels

At Boehringer Ingelheim, every day is Earth Day because we’re continuously working to reduce our environmental footprint while serving the patients that need us. Logistics play a key role in this effort.

In 2024, we collaborated with our supplier, Kuehne+Nagel to use Sustainable Aviation Fuels (SAF) made from used vegetable cooking oil, meeting high sustainability standards.

Switching to SAF helps both our companies reduce the environmental impact of our logistics on the planet. This pilot project already achieved a reduction of approximately 8,000 tons of CO₂ emissions in just one year.

This initiative promotes “smarter logistics” and demonstrates the importance of collaboration in driving sustainability. Uwe Krämer, Boehringer’s Head of Global Logistics Network & Performance Management agrees with this stating, “This is an example of how smart collaboration in logistics can drive progress towards a more sustainable future.”

Did You Know?

Earth Day, celebrated every year on April 22, raises awareness about long-term ecological sustainability. It marks the anniversary of the modern environmental movement’s birth in 1970. In 2016, the United Nations chose Earth Day to sign the Paris Agreement, a significant climate accord. This year’s theme, “OUR POWER, OUR PLANET,” encourages global unity behind renewable energy and aims to triple clean electricity generation by 2030.

Explore our other stories from 2024 in Imagine: our sustainability story hub, where we strive to make a positive impact not only for our environment but also for our people and animals.

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