Global Teamwork, Global Impact: AMD Reaches One Million Meals in the Fight Against Hunger

Since 2022, AMD and its employees around the world have joined forces with Rise Against Hunger to host 40 meal-packaging volunteer events. Rise Against Hunger is an international hunger relief nonprofit that provides food and aid to developing nations by coordinating volunteer meal-packaging events. It distributes highly nutritious, dehydrated meals made up of rice, soy, and vegetables to support education and health in countries facing a lack of access to food. The continued partnership reflects our company’s long-standing commitment to humanitarian efforts and community impact.

Over the past four years, more than 6,000 AMD employees across 13 global offices have packaged over one million meals for schools, orphanages, and crisis-relief centers worldwide. With global hunger still affecting 8.2% of people, according to the State of Food Security and Nutrition in the World (SOFI), AMD is proud to help address food insecurity around the world.

“AMDers have the drive, the energy, the compassion and the commitment to giving back to our communities,” said Robert Gama, chief HR officer and senior vice president, AMD. “One million meals! We’re really having an impact in the lives of folks around the world, and that’s something to go celebrate.”

This achievement highlights the power of teamwork and our shared commitment to supporting those in need. “I’m inspired by the thousands of AMD employees who volunteered with Rise Against Hunger. Their teamwork and dedication embody the company’s commitment to making a meaningful difference in the communities where we live and work, and to advancing the global fight against hunger” said Anne Fertitta, senior manager, Community Impact, AMD. With even more meal-packaging events planned in the coming months, AMD is continuing its mission to help feed the world.

To learn more, watch the video above, or read about AMD Community Impact at: https://www.amd.com/en/corporate/corporate-responsibility/community.html 

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Meet Benny and Cindy: Spreading Good Vibes Through the Tribe

Tapping into different voices, perspectives, and experiences helps businesses solve problems, reveals new opportunities to grow, and encourages contributions that better support people and communities. At Henkel North America, diversity is a path to progress, innovation, and impact. Our employees and partners are united by our purpose: Pioneers at heart for the good of generations. They collaborate to tackle challenges, find solutions and open new perspectives – allowing us to deliver products, services, and innovations that enrich and improve everyday life.

We invite you to “meet” our pioneers in our series, “Pioneers for Good.”

In this story, you will learn:

About the inspiring work of the ‘Vibe Tribe’ at Henkel’s Salisbury, NC facility—a movement transforming workplace culture and community connection.

Introducing Benny Young and Cindy Santiago

At Henkel’s Salisbury, NC facility, Benny Young, Materials Supervisor, and Cindy Santiago, Senior HR Manager, share a powerful belief: growth begins with people feeling valued. For them, success isn’t just measured in numbers—it’s about building a culture where every voice matters and every person feels seen.

“Inclusion is the foundation of a thriving workplace. When people feel seen, heard, and valued they bring their best selves to work,” says Cindy.

Bringing Forth Good Vibes

Benny and Cindy saw an opportunity to bring joy, connection and good vibes to the workplace. That sparked an employee-led engagement committee – called the Vibe Tribe – dedicated to infusing positivity, inclusion, and community service into everyday life at Henkel.

We care, we listen to the voices on the floor, and we have noticed a shift in the output at our facility because of this. If you ask me, the Vibe Tribe is the most important group on this site.

Benny Young, Materials Supervisor

Since its inception in 2023, the Vibe Tribe has seen remarkable growth in employee engagement and a stronger sense of belonging and community to create a workplace that feels like family.

“The Vibe Tribe is not only important to the site, but it’s important to the local community around us,” Benny adds.

Extending the Vibe Tribe to the Salisbury Community

“Henkel is a major brand at the forefront of innovation, and it’s vital for us to be involved in our community,” says Benny. “The Vibe Tribe is the catalyst for that here in Salisbury.”

To foster experiences that truly matter to the community, the Vibe Tribe introduced family-friendly events such as movie nights and holiday gatherings. At these events Benny has earned the reputation as the world’s greatest popcorn maker for his skill and joy in creating and passing out this delicious treat.

Another way they serve the community is at local schools. Every quarter, Vibe Tribe members monitor lunch periods giving teachers the opportunity to enjoy a rare, uninterrupted break.

The Power of Coming Together 

The Vibe Tribe is proof that when people come together with intention, they can create something extraordinary—stronger bonds, deeper trust, and a legacy of care that will ripple through generations.

We’re just getting started. There’s so much more to come from the Vibe Tribe.

Cindy Santiago, Senior HR Manager

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KeyBank Launches “Money, Me & Key®” Financial Literacy Program at Cleveland Metropolitan School District

CLEVELAND, November 14, 2025 /3BL/ – KeyBank, in collaboration with Everfi®, proudly announced the public launch of its new schools-based financial education and empowerment program, Money, Me & Key®, with a special event at Cleveland High School for the Digital Arts. This program is designed to equip K-12 students with the essential financial knowledge and skills they need to thrive.

The event brought together more than 60 12th-grade students for an engaging and interactive afternoon of small-group discussions, led by KeyBank volunteers. Students dove into real-world topics such as budgeting, financial goal setting, emergency savings and planning for major life purchases. Through hands-on activities that promote critical thinking and personal reflection, students worked to build confidence in their financial decision-making.

“There is no better way to educate our youth and future leaders of tomorrow, than by giving them the tools they need to prepare,” said Dr. Warren Morgan, CMSD CEO. “We are pleased and honored to partner with KeyBank and Everfi. Thanks to the financial literacy program, 5-dozen of our seniors from Cleveland High School for the Digital Arts, had an extraordinary opportunity to hear from top bank executives and leaders from the local community, and share critical information on budgeting, goal setting, and future planning.”

Money, Me & Key®, and its schools-based programming, are cornerstones of KeyBank’s commitment to communities and financial empowerment. Developed in collaboration with Everfi, the program provides KeyBank teammates with dynamic, up-to-date financial education materials to host free workshops in partnership with local nonprofits and community partners. Topics range from personal finance and homeownership to small business and retirement planning, with materials available in both English and Spanish. Launched in April 2024, over 1,600 KeyBank Money Mentors have delivered nearly 2,000 hours of financial education to clients and neighbors, including reaching more than 800 students across 21 CMSD schools, with schools-based programming.

“At KeyBank, we believe financial education is a powerful way to unlock opportunity,” said Chris Gorman, Chairman and CEO of KeyCorp. “By investing in young people and equipping them with real-world financial skills, we’re helping build stronger communities and a more inclusive economy.”

“Money, Me & Key reflects our deep commitment to helping our communities prosper,” said Eric Fiala, Chief Corporate Responsibility Officer and CEO of the KeyBank Foundation. “This program was built with students at the center—guided by the perspectives of educators and community partners who understand what young people need to thrive. We hope this experience left students feeling empowered, equipped with the financial knowledge to shape their futures with confidence and purpose.”

“What KeyBank is doing in Cleveland is exactly what we need to see more of – they’re not just checking a box on financial education, they’re building a comprehensive program that works for students and teachers,” said Ray Martinez, CEO, Everfi. “We know from our data that students benefit most when they have repeated opportunities to learn and practice financial skills. It’s great to see KeyBank supporting their community by investing in their students’ success.”

ABOUT KEYBANK
In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $187 billion at September 30, 2025.

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 EVERFI 
Since 2008, Everfi has connected businesses to communities by providing essential education that builds trust and drives measurable impact. Using digital and offline resources, the company delivers personal finance and life skills education to millions of learners annually in both K-12 schools and broader communities. Today, hundreds of organizations, including financial institutions, professional sports leagues, and healthcare systems, rely on Everfi to deliver measurable outcomes that benefit learners and drive business impact.

CFMA #251024-3668478

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People Behind the Progress: Meet Four Team Members Powering the Covia Innovation Center

The opening of the Covia Innovation Center (CIC) in Concord, North Carolina is the latest example of Covia’s dedication to smart, sustainable solutions. This space serves as a hub where research, technical expertise, and customer partnerships intersect. While the CIC’s state-of-the-art technology and purpose-built design supports these endeavors, real solutions start with real people working side by side. We’d like you to meet four of the people who embody innovation as a mindset and bring a distinct blend of technical expertise, curiosity, and heart to the CIC.

Steve Schilling: Designing a Lab Around People, Safety, and Speed

Director of Technology & Application Development

It takes a lot of careful planning, attention to detail, and expertise to design a 20,000-square-foot facility. Thankfully, Steve Schilling and his team were up to the task.

“We designed it to be a world-class research facility, and it’s put together in a very thoughtful way,” Steve said. “We spent a lot of time making sure we got it right on paper to anticipate future needs.”

For Steve, the CIC is not just a building – it’s an ecosystem of people, technology, and ideas. Building the lab was a collaborative process that created a modular, flexible space where different perspectives can come together to accelerate product development and put people in the greatest position to succeed.

 “We want to make sure we’re learning as much as we can, as quick as we can.” Steve explained. “Each piece of equipment tells a unique part of a story, and we stitch those parts together to understand what our products can and can’t do.”

As with everything else Covia does, safety was the top priority when designing the lab. Everything from the placement of eyewash stations to the forklifts was carefully chosen to keep people safe and be more environmentally sustainable. The facility was also designed to be as efficient as possible, with a layout that accommodates sequential workflow, configurable labs, and collaboration spaces for both team members and customers.

“The sky is the limit on what we can do here,” Steven said. “It’s really only limited by our imagination. It’s symbolic of our commitment to product development, and that we’re willing to invest in a world-class facility, equipment, and people so that we can offer innovative new product solutions. When customers come and see the CIC, they know we’re serious about innovation.”

Outside of the lab, Steve channels that same curiosity into the outdoors. A former skydiver, he now spends his free time exploring North Carolina trails with his family. Steve and his family may be newer to the region, after moving to North Carolina in March of 2025, but they’ve already made an impact in building a place where people, safety, and science intersect.

Lauren Helton: Translating Innovation into Action

Director Sales – Coatings, Polymers, Exports

Lauren’s career with Covia began more than 13 years ago in Covia’s research and development team as a mineral process engineer. She later moved into sales, where her technical fluency helps customers see exactly how minerals can unlock performance.

“I love being close to the mining industry, but also getting to see how all the minerals are used in different applications,” Lauren explained. “It makes sales fun. I feel like I live in an episode of ‘How It’s Made.’”

For Lauren, sales isn’t about transactions; it’s about translation. In an industry where formulations can hinge on a single micron of particle size or a subtle pH shift, Lauren’s ability to bridge science and practical application allows her to connect customers’ challenges with innovative solutions.

According to Lauren, the CIC has enhanced her ability to work with the technical and marketing teams to map out customers’ challenges, regulatory shifts, and end-user expectations. When customers bring forward a need, Lauren and the coatings lab have the tools to quickly develop crucial data for them.

“Being able to understand what exact properties we’re improving on our own is critical to our success,” she said. “Having the CIC is extremely helpful because we can run tests upfront to develop data and show customers the value different formulations can bring to them and their customers.”

Outside of work, she’s a mom of two and married to a fellow Covia employee, making innovation a family conversation. Her weekends are filled with youth sports, outdoor adventures, and support for causes like Charlie’s Heart Foundation, an organization that gives families the resources they need to navigate through tragedy.

Rob Light: Building Bright-White Possibilities

Director of Sales for Engineered Stone & Ceramics

When Rob Light joined Covia nearly 30 years ago, he couldn’t have imagined how the engineered stone market would transform the look and feel of modern homes. In that time, Rob has witnessed, and has helped lead, that transformation firsthand.

“We had maybe a small market share back in the ‘90s of quartz countertops, and now we’re a much larger player,” Rob said.

Over this time, Rob became a trusted resource for Covia customers in the quartz and ceramics space. His work helped expand Covia’s cristobalite production capabilities, including the development of LUMINEX®, a silica-based, ultra-white filler that is used in engineered stone products. That growth was the product of collaboration both internally and with customers.

“What made it special was that this was the first time in my career that we’ve gone out and purchased a property and developed a new product that we didn’t really have much experience with,” Rob explained. “Our team did a good job getting it started, and then our customers gave us the feedback needed to tweak some chemical and mechanical properties to make a better product.”

The Covia Innovation Center will help Covia’s collaboration with customers evolve. The new facility gives Rob and his customers access to new tools for faster iteration and validation, including an engineered stone lab that simulates full countertops, enabling teams to test color, brightness, and mechanical strength before scaling up.

For Rob, the CIC is the latest example of what Covia does best: give innovative people the tools to keep moving industries forward. When he’s not thinking about new fillers or next-gen minerals, Rob enjoys golf, travel, and time outdoors with his wife and their French bulldog, Phoebe.

Scott Van Remortel: From Lab Technician to Customer-Focused Innovator

Senior Technical Sales Manager for Coatings, Polymers & Elastomers

Scott Van Remortel has spent more than three decades translating lab results into customer success stories. He began his journey with Covia right out of college, taking on a role where he helped establish the company’s very first paint and coatings lab.

Over the years, Scott’s curiosity and collaborative spirit have guided countless product developments, including playing an instrumental part in bringing both MINEX® ST, a surface-treated functional filler, and CRISTOBALEX™, a specialty ultra-white reflective filler, to market. These days, Scott is particularly excited about how the CIC will help teams to work quicker, better, and safer than ever.

“The Covia Innovation Center has the best testing and application lab space of any lab I’ve ever been a part of,” he said. “The team has done an excellent job bringing it to life and putting in equipment. We’re already seeing benefits and providing value to the customers.”

That state-of-the-art environment has already helped Scott and his fellow team members simulate real-world applications for customers. In one recent project, they explored how CRISTOBALEX could reduce titanium dioxide in roof coatings while maintaining UV protection. This collaborative approach allows Scott and the team to demonstrate clear, data-driven advantages while serving as a true partner for customers.

“My favorite part of being a member of the innovation team is engaging with customers to see what their needs are and then developing solutions that help them succeed,” Scott shared.

Scott’s leadership also extends beyond the lab. He volunteers with the Appalachian Conservancy, dedicating weekends to clearing trails and preserving natural spaces. He and his wife also maintain a 30-acre hobby farm in North Carolina’s Mitchell County where he grows an assortment of crops including potatoes, corn, and grapes.

Innovation at Covia Starts with People

The Covia Innovation Center was designed to accelerate applied innovation, but its success comes from the people who listen, experiment, and bring customer ideas to life. It’s a space that can help customers achieve their goals, help train the next generation of minerals experts, and provide sustainable, long-term solutions.

Steve, Lauren, Rob, and Scott each exemplify what makes Covia the leader in the mineral solutions space: a combination of deep technical expertise and genuine human connection. Their work turns minerals into meaningful performance, data into confidence, and partnerships into progress.

Want to collaborate with Covia? Contact Covia today to turn ideas into innovation.

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Inspiring Nevada Solutions: NPHY and Sands Gear Up to Host the 2025 Nevada Youth Homelessness Summit

Las Vegas Sands

Now in its ninth year, tomorrow’s 2025 Nevada Youth Homelessness Summit, co-presented by Nevada Partnership for Homeless Youth and Sands, will gather service providers, local and state leaders, and youth with lived experiences of homelessness for an informative and inspirational day designed to move Nevada toward strategies and solutions for the thousands of vulnerable youth facing homelessness in the state.

According to the U.S. Department of Housing and Urban Development, youth homelessness in Clark County increased 34% from 2023 to 2024. Statewide, the number of young people experiencing homelessness increased by 27% from 2023 to 2024.

As always, the Summit’s centerpiece is showcasing the voices of youth with lived experiences of homelessness so that attendees can build appropriate and thoughtful solutions. Young leaders will participate in a variety of ways, including creative performances, presentations and the keynote showcase – a Youth StorySLAM in which youth will perform five-minute pieces they have prepared with mentoring by faculty at the University of Nevada, Las Vegas Greenspun College of Urban Affairs.

Youth voices will be complemented by informative sessions examining homelessness in Nevada, including an update on progress in the statewide Movement to End Youth Homelessness; an overview of findings from the Nevada Youth Experiencing Homelessness (YEH) Study, a statewide, two-year needs assessment funded by the Nevada Department of Human Services; and details on two important youth homelessness initiatives, the Youth Homelessness Demonstration Program and the Youth Homelessness System Improvement initiative. Both of these programs have been funded by grants from the U.S. Department of Housing and Urban Development and aim to coordinate youth homelessness approaches and response systems in the state.

To further explore the status of and opportunity for federal resources, Darla Bardine, executive director of the National Network for Youth, will outline funding and programmatic changes at the national level, and her presentation will be followed by a panel discussion on how Nevada can respond to the changing federal landscape.

New for Summit 2025 is the Movement Microproject Competition, which will engage attendees in identifying immediate actions that can be taken for specific facets of youth homelessness. The interactive session is designed to engage collective audience creativity in designing innovative solutions and will result in a project that will be implemented after the Summit. Attendees also will be invited to visit the Movement Action Center where they can find ways to contribute their time and talents to the Movement to End Youth Homelessness.

“We have achieved many critical milestones on our path to making youth homelessness rare, brief and non-recurring in Nevada,” Arash Ghafoori, CEO of NPHY, said. “Yet, factors such as a lack of affordable housing, food insecurity and other exacerbated challenges have kept incidence rates on the rise. Now we’re facing a pivotal moment – Nevada must respond to evolving federal priorities that are shifting resources, which young people and providers have counted on for many years. With the momentum we’ve built as a statewide coalition, we can and will tackle these uncertainties, and Summit 2025 once again serves as a critical juncture in our work for the year ahead.”

To learn more about 2025 Nevada Youth Homelessness Summit, visit nphy.org/Summit25.

Summit 2025 is presented by NPHY and Sands with support from the University of Nevada, Las Vegas Greenspun College of Urban Affairs and the Las Vegas Review-Journal.

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WK Kellogg Co Celebrates National Recycling Day With Real Results: 98% Recyclable Packaging and Millions of Pounds of Materials Reduced

National Recycling Day is just around the corner, and at WK Kellogg Co, we’re proud of the strides we’re making toward a more sustainable future – starting with our packaging.

  • 98% of our U.S. packaging is recyclable or recycle-ready.
  • In 2024, we reduced our use of paperboard by 1.9 million pounds.
  • We eliminated 150,000 pounds of plastic by reducing film thickness – without compromising food quality or safety.
  • We use the How2Recycle label to make recycling easier for consumers, with clear, actionable instructions right on our packages. We’ve used it on U.S. foods for years and expanded to Canada in early 2025.

Every step counts – and we’re committed to designing packaging that helps protect the planet while delivering the foods families love.

Working to Better Our Communities is one pillar of our sustainable business strategy – Feeding Happiness – and reflects how we’re helping create positive change for people and the planet, not just for today, but for years to come.

To learn more about these efforts, visit https://www.wkkellogg.com/our-impact.

ABOUT WK KELLOGG CO

At WK Kellogg Co, we bring our best to everyone, every day through our trusted foods and brands. Our journey began in 1894, when our founder W.K. Kellogg reimagined the future of food with the creation of Corn Flakes, changing breakfast forever. Our iconic brand portfolio includes Kellogg’s Frosted Flakes®, Rice Krispies®, Froot Loops®, Kashi®, Special K®, Kellogg’s Raisin Bran®, and Bear Naked®. With a presence in the majority of households across North America, our brands play a key role in enhancing the lives of millions of consumers every day, promoting a strong sense of physical, emotional and societal wellbeing. Our beloved brand characters, including Tony the Tiger® and Toucan Sam®, represent our deep connections with the consumers and communities we serve. Through our sustainable business strategy – Feeding Happiness® – we aim to build healthier and happier futures for families, kids and communities. We are making a positive impact, while creating foods that bring joy and nourishment to consumers. For more information about WK Kellogg Co and Feeding Happiness, visit www.wkkellogg.com.

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Cascale Members Top Scorers in Wood Furniture Scorecard 2025

Cascale members are among the top and high-scoring companies in the 2025 Wood Furniture Scorecard, an annual accountability tool from the Sustainable Furnishings Council (SFC) and National Wildlife Federation (NWF) that evaluates furniture retailers on their wood sourcing and production policies.

Williams-Sonoma, Inc. has advanced from a high scorer to a top scorer since last year, increasing its sustainably sourced wood from 95 percent to 98 percent and diverting 400 urban trees from the waste stream in 2025, up from 300 in 2024. A Cascale member since 2014, Williams-Sonoma, Inc. is the parent company of many namesake brands, including Williams-Sonoma, Pottery Barn, Pottery Barn Teen, Pottery Barn Kids, West Elm, and Rejuvenation.

Target, a consistently strong performer, has maintained its high-score status. Both companies are members of Cascale and the Sustainable Furnishings Council (SFC). Target has been a Cascale member since 2013 and is one of the organization’s founding members, operating from its Minneapolis-based headquarters with more than 1,800 stores and over 35 distribution centers across the U.S. and Canada.

Now in its eighth year, the Wood Furniture Scorecard — led by SFC and the National Wildlife Federation (NWF) — highlights companies that are driving more sustainable and transparent wood sourcing practices across the furniture sector. The initiative recognizes three award levels: Top Scorers, High Scorers, and Most Improved. Scores are published annually on the SFC website in November. This year’s scorecard included analysis of 111 total companies. According to the scorecard’s methodology, Top Scorers earned 30 or more points across the three categories of Responsible Wood Sourcing Policy; Responsible Sourcing Practices and Performance; and Additional Actions. High Scorers include 19 to 29 points across the three categories. Most Improved includes companies that earn at least 10 points more than they have earned in previous years, though less than the threshold for High Score, though no companies scored in 2025 met this criteria.

This is the first Wood Furniture Scorecard to be released since Cascale acquired key assets of the SFC in September 2025, extending Cascale’s impact beyond apparel into the home furnishings sector and supporting its two pillars: combating climate change and promoting decent work for all.

Cascale commends the ongoing leadership of SFC and NWF in promoting credible, data-driven approaches to sustainability. Responsible material sourcing is a cornerstone of climate action and decent work across the consumer goods value chain — values shared across Cascale’s global alliance and embedded in its members’ pursuit of measurable impact for both people and planet.

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Why COP30 Must Be the Delivery COP for Business

By Sophia Mendelsohn, Brand Contributor for SAP
BRANDVOICE | Paid Program

Originally published by Forbes

Ten years on from the Paris Agreement, the world has undeniably changed course. The diplomatic feat of Paris reshaped markets and expectations, nudging billions into clean energy and building a powerful ecosystem of investors, companies, and NGOs. But changing course is not the same as arriving at the desired destination. The next decade is about converting direction into deliverable outcomes.

Continue reading here.

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Mastercard: How Asia’s Emerging Middle Class Is Driving Inclusive Growth

Originally published by Mastercard

The Asia-Pacific region is undergoing the largest middle-class expansion in history. By 2035, it will be home to 3.2 billion of the world’s 5 billion middle-class consumers. This transformation is reshaping global consumption, financial behavior and digital engagement, creating new demand for financial products and solutions such as mobile wallets, access to finance and savings accounts.

The growth of the middle-class in the region presents a generational opportunity to build inclusive economies — and to serve a rising consumer base that is increasingly connected, entrepreneurial and digitally enabled.

In particular, the nations that comprise the Association of Southeast Asian Nations (ASEAN) are emerging as a powerful pillar of middle-class momentum. If the ASEAN region was a single economy, it would rank third globally in middle-class additions by 2035, adding 112 million people — just behind India (411 million) and China (163 million). This shift represents a critical opportunity to shape the future of inclusive economic growth. 

To unlock this potential, we are partnering to map the middle-class journey across geographies, generations and income thresholds. Our work together will unlock the insights and knowledge that will help policymakers, public sector leaders and organizations invest in systems that build resilient growth.

Defining the opportunity: The middle-class in Asia

ASEAN countries are at different stages of this transition to the middle class, which is rapidly becoming the majority in the region. More than 50% of the population in Singapore, Thailand and Vietnam are considered middle-class, with active participation in the economy and access to both disposable income and regular savings. In Malaysia, that figure goes up to 89%. Meanwhile, Indonesia and the Philippines will reach middle-class majority by 2031–2032. 

With incomes ranging from $13 to $120 daily, these individuals will have an outsized impact on economic mobility and outcomes for the ASEAN region. As incomes rise, people spend more on education, health, recreation and financial services. Asia’s discretionary spending is projected to grow from $23 trillion in 2025 to $35 trillion in 2035. And financial services spending will more than double, reaching $1.2 trillion.

This growth will reshape consumption patterns, increasing demand for secure products and services such as digital accounts. It will create new opportunities for small businesses — a new set of consumers that could drive demand and provide opportunity for scale. And it will drive more inclusive economic growth around the world — a stronger middle class means a path towards financial health, resilience and safety. 

As the majority of this region is either in transition or already middle-class dominant, we should seize the opportunity to make sure everyone is getting access to the benefits of a digital economy. That means millions of people are ready to access tools and resources — such as lines of credit, savings accounts, digital wallets and mobile payments — that can help secure their middle-class status and unlock economic potential.

Unlocking data for action

To understand how this expansion can shape our steps forward in supporting economic opportunity and growth, we’re identifying tipping points, such as the income levels at which people gain access to financial tools and start participating in the modern economy. For example, access to finance typically begins around $5 a day, while credit card adoption starts closer to $25 a day. These thresholds help us understand the journey towards economic mobility and what interventions can accelerate that journey.

Gaps in inclusion are also important, so we can take actions to bring everyone into the middle class. Low mobile wallet uptake in rural Asia to irregular savings in Vietnam shows why we need to come together to help businesses, governments and organizations design interventions that support upward economic mobility.

On October 24, the Mastercard Center for Inclusive Growth hosted its inaugural ASEAN Inclusive Growth Summit, where private, public, governmental and social impact leaders will come together to discuss the opportunities in the ASEAN region — and more importantly, understand how to drive financial health and inclusive growth for the people there. This is a generational opportunity to move beyond financial inclusion to invest in systems that make prosperity sustainable and durable.

This shift is a story of economic mobility, financial inclusion and inclusive economic growth. The emerging middle class is not just a statistic or trend. It’s a story of ambition, resilience, and transformation — and ASEAN is writing the next chapter.

Originally published by Mastercard

Follow along Mastercard’s journey to connect and power an inclusive, digital economy that benefits everyone, everywhere.

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Large-Scale Carbon Capture

A new study conducted by SolAbility examines – while simultaneously creating sustainable materials and economic opportunity.

We are currently seeing temperatures on a global scale that were not experienced in the last 125’000 years; CO2 concentration is higher than at any point in the last 3 million years. We urgently need to remove 10 billion tonnes of CO2 annually to limit warming to a somewhat acceptable level.

Current carbon removal technologies face severe limitations: Direct Air Capture costs $600-1,000 per tonne and requires massive energy inputs – and is, after more than 20 years of heavily subsidised research, still in its infancy. Nature-based solutions like forests take decades to mature and remain vulnerable to fire and disease. Hemp biochar offers something different: a solution that works with today’s technology, creates permanent carbon storage, and generates revenue rather than just costs.

Hemp is an highly undemanding crop, does not need fertiliser and is resistant against pest and fungi. It grows in all climates, and reaches heights of up to 4 meters in only 100 days, absorbing 8-22 tons of CO2 per hectare in the process. We already have the technologies (pyrolysis) to produce biochar, construction materials, and textiles from hemp, meaning hemp carbon sequestration could start immediately.

The goal of this study is to examine the feasibility of using hemp to remove the 10 billion tons of CO2 required to keep global heating at an acceptable level. The key findings include:

  • Using ~10 billion meadows/grazing land would allow to grow enough hemp to absorb 10 billion toned of CO2 per annum
  • Deployment to achieve this scale would require 10 years
  • Total capital investment requirements (including agricultural measurements, transport, processing, R&D) would require U$ 4.8 trillion distributed over 10 years
  • Hemp carbon sequestration is 10x cheaper than DACCS ($45 vs $600/tCO2)
  • Hemp co-products offset costs (even with price collapse due to increased supply): hemp products could create a market worth several trillion dollars by 2025
  • Yield per hectare of hemp crop: 3-4 tonnes of biochar for permanent carbon sequestration and soil improvement; 2.5-3.5 tonnes of fibre for textiles and composite materials worth $800-2,000 per tonne; and 3.5-5 tonnes of hurds for construction materials and insulation worth $200-500 per tonne
  • Global deployment of hemp biochar as carbon removal would create 100-150 million jobs globally (taking into account job replacement in agriculture, construction material and textile industries) – one of the largest job creation programs in history. These jobs would primarily benefit rural communities in developing countries where employment is most desperately needed.
  • Overall pay-back time of the investments is expected to occur after 11 years under the most conservative scenario, and less then 3 years in the most optimistic case
  • Low energy requirements (feasible with current grid infrastructure)

Hemp biochar represents more than a climate solution – it’s an opportunity to demonstrate that environmental restoration and economic development can align. By creating value from carbon removal, generating employment for millions, and producing sustainable materials for the growing bio-economy, this approach offers a pathway to both climate stability and shared prosperity.

The full article and report can be accessed here.

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