Tag: 3BL

Whirlpool Corporation is expanding its Feel Good Fridge program by engaging HelloFresh, the world’s leading meal kit company, and Total Quality Logistics (TQL), one of the largest third-party logistics firms in North America.

Launched by Whirlpool Corp. in 2021, the Feel Good Fridge program provides refurbished refrigerators to food pantries and nonprofit organizations across the county, like the North Texas Food Bank in Dallas, to deliver free, fresh food for anyone in need. Starting with a local initiative in the Dallas area late last year, the three companies are now expanding their combined resources and expertise to reach more people in need across the country. Together, they’ll impact 13 cities with Whirlpool Corp. providing 2000 refrigerators which TQL will transport and HelloFresh will help fill with wholesome and fresh ingredients.

“Across the U.S., 44 million people, and one in five children, face hunger,” said Pam Klyn, Whirlpool Corporation’s executive vice president of corporate relations and sustainability. “We launched Feel Good Fridge to fight food insecurity in a sustainable way, and collaborating with HelloFresh and TQL allows us to expand our impact in the communities that need it most.”

In the three years since its launch, the Feel Good Fridge program has donated more than 900 refurbished refrigerators, keeping them out of landfills; delivered more than 250,000 pounds of food, helping avoid waste; and reached more than 25,000 families.

“Increasing the availability and accessibility of fresh produce and ingredients is a key part of HelloFresh’s mission to fight food insecurity,” said Jeff Yorzyk, senior director of sustainability at HelloFresh. “We’re proud to partner with Whirlpool and TQL to help alleviate food insecurity by meeting communities in need where they are.”

“We started Moves that Matter with the goal of aiding nonprofits by taking the complexity and expense of logistics off of their plate,” TQL President Kerry Byrne said. “It is an honor to be a part of this collaborative effort with Whirlpool Corporation and HelloFresh to bring more fresh, nutritious food to communities struggling with food insecurity .”

Feeding America, who has been supplying food for the Feel Good Fridge program since its inception, will continue to provide food, with HelloFresh and TQL providing enhanced support in communities with the greatest need. The program will remain dedicated to food-insecure areas with high concentration of needs.

Current key markets include: Atlanta (133 Feel Good Fridge units), Chicago (29), Dallas (199), Detroit (230), Houston (53), Los Angeles (32), Minneapolis (24), Orlando (35), Phoenix (47), and West Michigan (112). The company has a target of placing 3,000 refrigerators by 2030.

About Whirlpool Corporation

Whirlpool Corporation (NYSE: WHR) is a leading kitchen and laundry appliance company, in constant pursuit of improving life at home and inspiring generations with our brands. The company is driving meaningful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul, and InSinkErator. In 2023, the company reported approximately $19 billion in annual sales, 59,000 employees, and 55 manufacturing and technology research centers.  Additional information about the company can be found at WhirlpoolCorp.com.

View original content here.

Whirlpool Corporation is expanding its Feel Good Fridge program by engaging HelloFresh, the world’s leading meal kit company, and Total Quality Logistics (TQL), one of the largest third-party logistics firms in North America.

Launched by Whirlpool Corp. in 2021, the Feel Good Fridge program provides refurbished refrigerators to food pantries and nonprofit organizations across the county, like the North Texas Food Bank in Dallas, to deliver free, fresh food for anyone in need. Starting with a local initiative in the Dallas area late last year, the three companies are now expanding their combined resources and expertise to reach more people in need across the country. Together, they’ll impact 13 cities with Whirlpool Corp. providing 2000 refrigerators which TQL will transport and HelloFresh will help fill with wholesome and fresh ingredients.

“Across the U.S., 44 million people, and one in five children, face hunger,” said Pam Klyn, Whirlpool Corporation’s executive vice president of corporate relations and sustainability. “We launched Feel Good Fridge to fight food insecurity in a sustainable way, and collaborating with HelloFresh and TQL allows us to expand our impact in the communities that need it most.”

In the three years since its launch, the Feel Good Fridge program has donated more than 900 refurbished refrigerators, keeping them out of landfills; delivered more than 250,000 pounds of food, helping avoid waste; and reached more than 25,000 families.

“Increasing the availability and accessibility of fresh produce and ingredients is a key part of HelloFresh’s mission to fight food insecurity,” said Jeff Yorzyk, senior director of sustainability at HelloFresh. “We’re proud to partner with Whirlpool and TQL to help alleviate food insecurity by meeting communities in need where they are.”

“We started Moves that Matter with the goal of aiding nonprofits by taking the complexity and expense of logistics off of their plate,” TQL President Kerry Byrne said. “It is an honor to be a part of this collaborative effort with Whirlpool Corporation and HelloFresh to bring more fresh, nutritious food to communities struggling with food insecurity .”

Feeding America, who has been supplying food for the Feel Good Fridge program since its inception, will continue to provide food, with HelloFresh and TQL providing enhanced support in communities with the greatest need. The program will remain dedicated to food-insecure areas with high concentration of needs.

Current key markets include: Atlanta (133 Feel Good Fridge units), Chicago (29), Dallas (199), Detroit (230), Houston (53), Los Angeles (32), Minneapolis (24), Orlando (35), Phoenix (47), and West Michigan (112). The company has a target of placing 3,000 refrigerators by 2030.

About Whirlpool Corporation

Whirlpool Corporation (NYSE: WHR) is a leading kitchen and laundry appliance company, in constant pursuit of improving life at home and inspiring generations with our brands. The company is driving meaningful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul, and InSinkErator. In 2023, the company reported approximately $19 billion in annual sales, 59,000 employees, and 55 manufacturing and technology research centers.  Additional information about the company can be found at WhirlpoolCorp.com.

View original content here.

PITTSBURGH, PA, June 27, 2024 /3BL/ – Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, has been awarded on USA TODAY’s list of America’s Climate Leaders 2024. This prestigious award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 30, 2024, and can be viewed on usatoday.com.

“Our journey toward sustainability is ongoing, and we remain committed to continuous improvement,” said John Engel, Chairman, President and Chief Operating Officer. “We are proud to be recognized by USA Today as one of America’s Climate Leaders.”

To learn more about Wesco’s commitments to sustainability, download the 2024 Wesco Sustainability Report here.

The America’s Climate Leaders of 2024 award is based on a two-step process. First is the application and research phase. Companies could be included on the list by applying online or by having the necessary data publicly available. To be considered for the award, a company must meet the following criteria:

The company is headquartered in the USA.The company had revenue of at least $50 million in 2022.Independent emission reporting with data on Scope 1 and Scope 2 for the years 2020 and 2022.In case a CDP rating is available, the score had to be at least C.Broader environmental record (e.g. no oil exploration, non-GHG pollution, or deforestation).

The second step is the data analysis and scoring phase. For all companies meeting the inclusion criteria, the year-over-year reduction in emissions intensity (compound annual reduction rate) was calculated.

Based on the results of the study, Wesco is ecstatic to be recognized on USA TODAY’s list of America’s Climate Leaders 2024.

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.

About Wesco 
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with more than $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact 
Jennifer Sniderman 
Vice President, Corporate Communications 
717-579-6603

PITTSBURGH, PA, June 27, 2024 /3BL/ – Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, has been awarded on USA TODAY’s list of America’s Climate Leaders 2024. This prestigious award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on May 30, 2024, and can be viewed on usatoday.com.

“Our journey toward sustainability is ongoing, and we remain committed to continuous improvement,” said John Engel, Chairman, President and Chief Operating Officer. “We are proud to be recognized by USA Today as one of America’s Climate Leaders.”

To learn more about Wesco’s commitments to sustainability, download the 2024 Wesco Sustainability Report here.

The America’s Climate Leaders of 2024 award is based on a two-step process. First is the application and research phase. Companies could be included on the list by applying online or by having the necessary data publicly available. To be considered for the award, a company must meet the following criteria:

The company is headquartered in the USA.The company had revenue of at least $50 million in 2022.Independent emission reporting with data on Scope 1 and Scope 2 for the years 2020 and 2022.In case a CDP rating is available, the score had to be at least C.Broader environmental record (e.g. no oil exploration, non-GHG pollution, or deforestation).

The second step is the data analysis and scoring phase. For all companies meeting the inclusion criteria, the year-over-year reduction in emissions intensity (compound annual reduction rate) was calculated.

Based on the results of the study, Wesco is ecstatic to be recognized on USA TODAY’s list of America’s Climate Leaders 2024.

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.

About Wesco 
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with more than $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, educational institutions, telecommunications providers, and utilities. Wesco operates nearly 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations.

Contact 
Jennifer Sniderman 
Vice President, Corporate Communications 
717-579-6603

Originally published in T-Mobile’s 2023 Corporate Responsibility Report

Today, digital connectivity is inextricably linked to the personal, economic, and social vitality of people and communities everywhere. That’s why we’re driven, each and every day, to break down barriers to consistent and reliable connectivity by championing wider access, affordability, and skill-building programs to help people navigate an online world responsibly and effectively. 

BRINGING CHOICE AND SPEED TO COMMUNITIES EVERYWHERE

In 2020, we set our sights on bringing more speed and more choice to people across America by building a leading 5G network to cover as much of the U.S. population as possible.

Simultaneously, we took on Big Internet to provide broadband access to customers and communities traditionally served by fewer, higher-cost providers. It turns out that offering more choice to more people on a leading 5G network is a winning formula.

At the end of 2023, T-Mobile’s 5G network covered more than 330 million people, or 98% of the U.S. population. And, T-Mobile’s 5G Home Internet was available to over 50 million U.S. households — a third of which are in rural areas.

Reliable, high-speed coverage made a big difference in places where we continued to expand 5G coverage in 2023. This includes place like the Quad Cities region of Iowa and Illinois, where 87% residents now have access to T-Mobile’s 5G network[1], and in the 32,000 square miles of Virginia where 97% of residents now have access to 5G. 

CONNECTING RURAL AMERICA

Despite making up approximately 40% of the country, America’s small markets and rural areas have often been overlooked and underserved when it comes to connectivity. When we set out to extend our leading 5G network across the United States, we made a commitment to provide coverage for 90% of America’s rural population by 2026. Because fast, reliable connectivity can make all the difference for the economic and social well-being of our rural communities across the country. 

MAKING CONNECTIVITY MORE AFFORDABLE AND ACCESSIBLE

Closing the Digital Divide in Education

One important factor that influences student success in school is having consistent access to a reliable internet connection. Connectivity affects everything from student participation and attendance to motivation and academic performance. And, as digital skills become more essential for careers, it’s important that the next generation can effectively and responsibly engage in the digital world to prepare for an increasingly connected future. 

In 2023, we continued to go all in to tackle this issue through Project 10Million and other education initiatives — underscoring our commitment to support families across the U.S. who are disproportionately affected by the digital divide.

We’re offering a free mobile hotspot and free internet connectivity to up to 10 million eligible student households across the U.S. T-Mobile also offers school districts free and heavily subsidized data plans for their students. Through this program, both students and their families also have access to affordable laptops and tablets.

We’ve already made a big impact in bridging the digital divide in America by connecting nearly six million students to the internet and providing over $6.4 billion in products and services. 

With millions of students[2] still unconnected, we’re working tirelessly to reach as many eligible households as we can. That’s why we partner with organizations like Big Brothers Big Sisters of America (BBBS), one of the country’s most trusted non-profit organizations, with a network of 230 agencies across 5,000 communities. Together, we’re increasing awareness of Project 10Million and the huge opportunity it presents to eligible families.

We’re also working alongside school districts and education partners to collaborate on the best ways to serve students’ evolving needs and provide ongoing and adaptable solutions to promote digital equity. While we’re proud of the impact we’ve made on this important issue so far, we know we have a lot more work to do to make connectivity equitable for all. 

School district administrators can apply here and eligible student families can sign up here.

Empowering Newcomers with Essential Connectivity

For newcomers seeking refuge in the United States, connectivity is essential to rebuilding their lives in a new country. That’s why T-Mobile has partnered with Welcome.US, an innovative public-private partnership that provides critical supplies, training, and community support to people seeking refuge by entering the U.S. through safe and orderly pathways.

We’ve pledged up to 200,000 lines of free talk, text, and data service through Metro by T-Mobile for one year. In 2023, we partnered with resettlement agencies and community organizations to deliver free smartphones from Google to 24,000 newcomers so we could get them connected to a year of free service. We’re humbled to play a small part in helping thousands of newcomers to the U.S. make the transition to their new homes.

Delivering Affordable Connectivity

We built our reputation on providing a great network at a great value. To make affordable and reliable connectivity an option for millions of low-income families and individuals across the U.S., T-Mobile offers a range of low-cost plans through our Connect by T-Mobile prepaid plans that feature options starting at $10 per month, as well as our most affordable unlimited talk and text plan for $15 a month. 

T-Mobile continued to participate in the federal government’s Affordable Connectivity Program (ACP) through the Metro by T-Mobile and Assurance Wireless® programs. ACP offered a monthly discount of up to $30 (up to $75 on some tribal lands, as set by the Federal Communications Commission) for internet service on certain plans to eligible households. Our participation in 2023 covered more areas of the country to serve eligible households in 48 states and the District of Columbia, helping to close connectivity gaps across America.

Connecting Our Heroes

Our first responders play a crucial role in every community around the country. During emergency situations and in natural disasters, they keep us and our families safe when we need them.

That’s why, in 2020, we created Connecting Heroes, our 10-year commitment to first responders which delivers free unlimited service, support from our dedicated emergency response team, and priority access and preemption to all eligible agencies (priority and preemption eligibility is determined using DHS/CISA criteria). Our wireless products and services equip public safety organizations with solutions to improve operational capability, productivity, and safety, addressing the needs of first responders and citizens, all on our un-matched 5G network. 

Supporting Diverse Connectivity Needs

We strive to support the diverse communication needs of ALL our customers. Through accessibility options such as alternative billing for the visually impaired, free credits for 411 directory services, RTT (real-time text), and user-friendly handsets, T-Mobile empowers our customers to connect, their way. We also offer IP Relay services that enable people who are Deaf, Hard of Hearing, DeafBlind, or have a Speech Disability to use an internet connection, a computer, or to connect to relay operators who turn voice communication into text. 

CHANGING THE GAME FOR LIVE SPORTS ACCESSIBILITY

Many fans with blindness or low vision face exclusion from enjoying live sporting events due to non-descriptive and delayed broadcasting. In 2023, we joined forces with OneCourt Technologies to enhance sporting experiences for these fans. Through our 5G network, we’re providing real-time updates even in high-traffic sporting arenas. With OneCourt’s innovative haptic technology that conveys what is happening during the game through touch, we’re collaborating with them on their devices that let fans experience every play of the game through their fingertips.
 

[1] Capable device required for 5G; coverage not available in some areas. Some uses may require a certain plan or feature; see T-Mobile.com. Based on median, overall combined 5G speeds according to analysis by Ookla® of Speedtest Intelligence data 5G median download speeds for Q3 2023. Ookla trademarks used under license and reprinted with permission.

[2] https://www.commonsensemedia.org/sites/default/files/featured-content/files/final_-_what_it_will_take_to_permanently_close_the_k-12_digital_divide_vfeb3.pdf

Learn more about how T-Mobile is making connectivity more accessible in its 2023 Corporate Responsibility Report

Originally published in T-Mobile’s 2023 Corporate Responsibility Report

Today, digital connectivity is inextricably linked to the personal, economic, and social vitality of people and communities everywhere. That’s why we’re driven, each and every day, to break down barriers to consistent and reliable connectivity by championing wider access, affordability, and skill-building programs to help people navigate an online world responsibly and effectively. 

BRINGING CHOICE AND SPEED TO COMMUNITIES EVERYWHERE

In 2020, we set our sights on bringing more speed and more choice to people across America by building a leading 5G network to cover as much of the U.S. population as possible.

Simultaneously, we took on Big Internet to provide broadband access to customers and communities traditionally served by fewer, higher-cost providers. It turns out that offering more choice to more people on a leading 5G network is a winning formula.

At the end of 2023, T-Mobile’s 5G network covered more than 330 million people, or 98% of the U.S. population. And, T-Mobile’s 5G Home Internet was available to over 50 million U.S. households — a third of which are in rural areas.

Reliable, high-speed coverage made a big difference in places where we continued to expand 5G coverage in 2023. This includes place like the Quad Cities region of Iowa and Illinois, where 87% residents now have access to T-Mobile’s 5G network[1], and in the 32,000 square miles of Virginia where 97% of residents now have access to 5G. 

CONNECTING RURAL AMERICA

Despite making up approximately 40% of the country, America’s small markets and rural areas have often been overlooked and underserved when it comes to connectivity. When we set out to extend our leading 5G network across the United States, we made a commitment to provide coverage for 90% of America’s rural population by 2026. Because fast, reliable connectivity can make all the difference for the economic and social well-being of our rural communities across the country. 

MAKING CONNECTIVITY MORE AFFORDABLE AND ACCESSIBLE

Closing the Digital Divide in Education

One important factor that influences student success in school is having consistent access to a reliable internet connection. Connectivity affects everything from student participation and attendance to motivation and academic performance. And, as digital skills become more essential for careers, it’s important that the next generation can effectively and responsibly engage in the digital world to prepare for an increasingly connected future. 

In 2023, we continued to go all in to tackle this issue through Project 10Million and other education initiatives — underscoring our commitment to support families across the U.S. who are disproportionately affected by the digital divide.

We’re offering a free mobile hotspot and free internet connectivity to up to 10 million eligible student households across the U.S. T-Mobile also offers school districts free and heavily subsidized data plans for their students. Through this program, both students and their families also have access to affordable laptops and tablets.

We’ve already made a big impact in bridging the digital divide in America by connecting nearly six million students to the internet and providing over $6.4 billion in products and services. 

With millions of students[2] still unconnected, we’re working tirelessly to reach as many eligible households as we can. That’s why we partner with organizations like Big Brothers Big Sisters of America (BBBS), one of the country’s most trusted non-profit organizations, with a network of 230 agencies across 5,000 communities. Together, we’re increasing awareness of Project 10Million and the huge opportunity it presents to eligible families.

We’re also working alongside school districts and education partners to collaborate on the best ways to serve students’ evolving needs and provide ongoing and adaptable solutions to promote digital equity. While we’re proud of the impact we’ve made on this important issue so far, we know we have a lot more work to do to make connectivity equitable for all. 

School district administrators can apply here and eligible student families can sign up here.

Empowering Newcomers with Essential Connectivity

For newcomers seeking refuge in the United States, connectivity is essential to rebuilding their lives in a new country. That’s why T-Mobile has partnered with Welcome.US, an innovative public-private partnership that provides critical supplies, training, and community support to people seeking refuge by entering the U.S. through safe and orderly pathways.

We’ve pledged up to 200,000 lines of free talk, text, and data service through Metro by T-Mobile for one year. In 2023, we partnered with resettlement agencies and community organizations to deliver free smartphones from Google to 24,000 newcomers so we could get them connected to a year of free service. We’re humbled to play a small part in helping thousands of newcomers to the U.S. make the transition to their new homes.

Delivering Affordable Connectivity

We built our reputation on providing a great network at a great value. To make affordable and reliable connectivity an option for millions of low-income families and individuals across the U.S., T-Mobile offers a range of low-cost plans through our Connect by T-Mobile prepaid plans that feature options starting at $10 per month, as well as our most affordable unlimited talk and text plan for $15 a month. 

T-Mobile continued to participate in the federal government’s Affordable Connectivity Program (ACP) through the Metro by T-Mobile and Assurance Wireless® programs. ACP offered a monthly discount of up to $30 (up to $75 on some tribal lands, as set by the Federal Communications Commission) for internet service on certain plans to eligible households. Our participation in 2023 covered more areas of the country to serve eligible households in 48 states and the District of Columbia, helping to close connectivity gaps across America.

Connecting Our Heroes

Our first responders play a crucial role in every community around the country. During emergency situations and in natural disasters, they keep us and our families safe when we need them.

That’s why, in 2020, we created Connecting Heroes, our 10-year commitment to first responders which delivers free unlimited service, support from our dedicated emergency response team, and priority access and preemption to all eligible agencies (priority and preemption eligibility is determined using DHS/CISA criteria). Our wireless products and services equip public safety organizations with solutions to improve operational capability, productivity, and safety, addressing the needs of first responders and citizens, all on our un-matched 5G network. 

Supporting Diverse Connectivity Needs

We strive to support the diverse communication needs of ALL our customers. Through accessibility options such as alternative billing for the visually impaired, free credits for 411 directory services, RTT (real-time text), and user-friendly handsets, T-Mobile empowers our customers to connect, their way. We also offer IP Relay services that enable people who are Deaf, Hard of Hearing, DeafBlind, or have a Speech Disability to use an internet connection, a computer, or to connect to relay operators who turn voice communication into text. 

CHANGING THE GAME FOR LIVE SPORTS ACCESSIBILITY

Many fans with blindness or low vision face exclusion from enjoying live sporting events due to non-descriptive and delayed broadcasting. In 2023, we joined forces with OneCourt Technologies to enhance sporting experiences for these fans. Through our 5G network, we’re providing real-time updates even in high-traffic sporting arenas. With OneCourt’s innovative haptic technology that conveys what is happening during the game through touch, we’re collaborating with them on their devices that let fans experience every play of the game through their fingertips.
 

[1] Capable device required for 5G; coverage not available in some areas. Some uses may require a certain plan or feature; see T-Mobile.com. Based on median, overall combined 5G speeds according to analysis by Ookla® of Speedtest Intelligence data 5G median download speeds for Q3 2023. Ookla trademarks used under license and reprinted with permission.

[2] https://www.commonsensemedia.org/sites/default/files/featured-content/files/final_-_what_it_will_take_to_permanently_close_the_k-12_digital_divide_vfeb3.pdf

Learn more about how T-Mobile is making connectivity more accessible in its 2023 Corporate Responsibility Report

Originally published on bloomberg.com

Nearly two thirds of respondents reported challenges with the extent and quality of company reported ESG dataDrivers for ESG seen as multi-faceted, including client demand, internal risk processes, and regulatory requirementsKey data challenges include linking ESG data to existing entity and instrument data and managing multiple sources of data feeds

SHANGHAI, June 27, 2024 /3BL/ – A survey of over 150 responses from market participants in banking, insurance, securities, and technology who attended the Bloomberg Sustainable Finance Forum in Shanghai has revealed new drivers and challenges for embracing ESG data in China.

When it comes to adopting ESG data, responses were fairly evenly split across a range of categories. The leading reason for adopting ESG data within an organization was regulatory requirements (25%), followed by the demands of onshore clients (21%), offshore clients (21%), and internal risk management (22%). This survey follows Bloomberg’s European ESG Data Trends Survey announced earlier in the year where unsurprisingly, fulfilling regulatory requirements was a higher priority for European firms to access ESG data (35%).

Market participants in China are embedding ESG considerations into their decision-making in a variety of thoughtful ways. There was an even spread of use-cases including focusing on using third-party ratings, scores or related research (20%), focusing on impact investing (19%), and focusing on building quantitative strategies that utilize ESG data alongside other financial considerations (18%). Taking into account climate risks (16%) and biodiversity (9%) were also shown to be gaining traction among Chinese firms.

However, when respondents considered the challenges to greater use of ESG data, a clearer picture emerged. Nearly two thirds of respondents (62%) said their main ESG data challenge was related to issues with company reported data coverage and quality. Combining ESG with alternative data was the second biggest challenge faced by respondents (26%). These results align very closely with the European survey indicating there is still a way to go for standardized ESG data reporting by firms globally before financial market participants are fully comfortable with the results.

In terms of managing ESG data, nearly one-third (31%) of respondents indicated challenges with managing multiple ESG vendor feeds. This contrasts significantly from the European survey, where only 16% of respondents identified this as a key challenge. Respondents from the Chinese survey (35%) also found linking ESG data to existing entity/instrument data was a significant challenge.

Patricia Torres, Global Head of Sustainable Finance Solutions at Bloomberg, said that the findings were indicative of the significant appetite for high-quality ESG data and the changing role of sustainability in Chinese financial markets.

“There is a growing synergy between the demands of investors and regulatory drivers when it comes to the use of ESG data for Chinese market participants. Now, more than ever, the firms that are building capacity to incorporate and thoughtfully manage ESG data as part of their investment decision-making processes will have a positive point of difference. There is every indication that the role of ESG in China’s financial markets will continue to grow in importance over time.”

Bloomberg’s sustainable finance solutions span ESG data and analytics, indices, scores, regulatory solutions, sustainable debt, and climate risk. In addition, Bloomberg Terminal users also have access to ESG research from Bloomberg Intelligence and BloombergNEF. Clients can readily access ESG data on the Bloomberg Terminal via {ESGD <GO>} or across their enterprise via Data License at data.Bloomberg.com for use in proprietary or third-party applications in their cloud environment of choice. Through Data License Plus (DL+) ESG Manager, Bloomberg connects customers’ ESG data workflows to the full power of Bloomberg’s datasets as well as data from vendor partners, so clients can unlock maximum value with ease. For more information, visit Bloomberg Sustainable Finance Solutions.

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

Media Contact

Irene Gu, igu3@bloomberg.net, +852-2977-2111

Tingyu Liu, tliu554@bloomberg.net, 86-10-8642-0337

Originally published on bloomberg.com

Nearly two thirds of respondents reported challenges with the extent and quality of company reported ESG dataDrivers for ESG seen as multi-faceted, including client demand, internal risk processes, and regulatory requirementsKey data challenges include linking ESG data to existing entity and instrument data and managing multiple sources of data feeds

SHANGHAI, June 27, 2024 /3BL/ – A survey of over 150 responses from market participants in banking, insurance, securities, and technology who attended the Bloomberg Sustainable Finance Forum in Shanghai has revealed new drivers and challenges for embracing ESG data in China.

When it comes to adopting ESG data, responses were fairly evenly split across a range of categories. The leading reason for adopting ESG data within an organization was regulatory requirements (25%), followed by the demands of onshore clients (21%), offshore clients (21%), and internal risk management (22%). This survey follows Bloomberg’s European ESG Data Trends Survey announced earlier in the year where unsurprisingly, fulfilling regulatory requirements was a higher priority for European firms to access ESG data (35%).

Market participants in China are embedding ESG considerations into their decision-making in a variety of thoughtful ways. There was an even spread of use-cases including focusing on using third-party ratings, scores or related research (20%), focusing on impact investing (19%), and focusing on building quantitative strategies that utilize ESG data alongside other financial considerations (18%). Taking into account climate risks (16%) and biodiversity (9%) were also shown to be gaining traction among Chinese firms.

However, when respondents considered the challenges to greater use of ESG data, a clearer picture emerged. Nearly two thirds of respondents (62%) said their main ESG data challenge was related to issues with company reported data coverage and quality. Combining ESG with alternative data was the second biggest challenge faced by respondents (26%). These results align very closely with the European survey indicating there is still a way to go for standardized ESG data reporting by firms globally before financial market participants are fully comfortable with the results.

In terms of managing ESG data, nearly one-third (31%) of respondents indicated challenges with managing multiple ESG vendor feeds. This contrasts significantly from the European survey, where only 16% of respondents identified this as a key challenge. Respondents from the Chinese survey (35%) also found linking ESG data to existing entity/instrument data was a significant challenge.

Patricia Torres, Global Head of Sustainable Finance Solutions at Bloomberg, said that the findings were indicative of the significant appetite for high-quality ESG data and the changing role of sustainability in Chinese financial markets.

“There is a growing synergy between the demands of investors and regulatory drivers when it comes to the use of ESG data for Chinese market participants. Now, more than ever, the firms that are building capacity to incorporate and thoughtfully manage ESG data as part of their investment decision-making processes will have a positive point of difference. There is every indication that the role of ESG in China’s financial markets will continue to grow in importance over time.”

Bloomberg’s sustainable finance solutions span ESG data and analytics, indices, scores, regulatory solutions, sustainable debt, and climate risk. In addition, Bloomberg Terminal users also have access to ESG research from Bloomberg Intelligence and BloombergNEF. Clients can readily access ESG data on the Bloomberg Terminal via {ESGD <GO>} or across their enterprise via Data License at data.Bloomberg.com for use in proprietary or third-party applications in their cloud environment of choice. Through Data License Plus (DL+) ESG Manager, Bloomberg connects customers’ ESG data workflows to the full power of Bloomberg’s datasets as well as data from vendor partners, so clients can unlock maximum value with ease. For more information, visit Bloomberg Sustainable Finance Solutions.

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

Media Contact

Irene Gu, igu3@bloomberg.net, +852-2977-2111

Tingyu Liu, tliu554@bloomberg.net, 86-10-8642-0337

Comcast released its 2024 Impact Report highlighting impact stories, along with diversity and environmental data, to illustrate how the company is helping to create a more equitable, inclusive, and sustainable world.

As we mark Comcast’s 60th anniversary, our commitment to making change has never been stronger. We’ve accelerated our efforts to close the digital divide through Project UP, our $1 billion commitment to increasing digital equity, by continuing to support local and national nonprofits that provide digital-skills training and career development opportunities. We’ve also continued our focus on creating a more sustainable world through energy efficient initiatives aimed at reducing our carbon footprint.

The report highlights the progress we’ve made companywide in 2023 and early 2024, including:

Awarding more than $25 million across hundreds of community organizations nationwide to support digital skills programs and partnerships.Expanding our network of Digital Navigators, trusted community members who help people gain digital skills, with $13.6 million in grants for connectivity and adoption for 250+ organizations.Helping thousands of young people gain essential skills in media literacy and storytelling through Sky Up Academy and NBCU Academy.Supporting the growth of 13,500 underrepresented small businesses through $125 million in monetary grants, technology, and marketing resources through Comcast RISE.Piloting American Sign Language (ASL) in our Greater Philadelphia Xfinity retail stores to create a more inclusive retail experience. Making progress on our goal to double the energy efficiency of our network by 2030 – reducing the electricity it takes to deliver each byte of data by 40% since 2019.Launching the GreenerLight Program, which incorporates sustainability throughout the filmmaking process from script to screen.Promoting volunteerism through Team UP, our employee-engagement program, with over 25,000 employee volunteers and over 220,000 hours volunteered.Continuing toward our carbon neutral goal, reducing emissions by over 30% since 2019.

Comcast is grateful for its passionate employees and partners and looks forward to continued collaboration to help build a future of unlimited possibilities

Check out Comcast’s 2024 Impact Report.

SWORDS, Ireland, June 27, 2024 /3BL/ – Trane Technologies (NYSE:TT), a global climate innovator, has been recognized in TIME’s inaugural rankings of the World’s Most Sustainable Companies. The list, published in collaboration with market research company Statista, celebrates companies who advance sustainable practices and promote corporate responsibility and social stewardship.

“It’s a tremendous honor to be included on TIME’s inaugural list of the World’s Most Sustainable companies,” said Paul Camuti, executive vice president and chief technology and sustainability officer, Trane Technologies. “Sustainability is at the center of our strategy and is integrated into every aspect of our business. The urgent need for climate action is clear and so is our purpose to boldly challenge what’s possible for a sustainable world.”

Through industry-leading action and innovation, Trane Technologies is decarbonizing buildings, industry and the cold chain and advancing its 2030 Sustainability Commitments, including the Gigaton Challenge, and its pledge to be net-zero by 2050. The company was also the first in its industry to have its near and long-term emissions reductions targets externally validated by the Science Based Targets Initiative (SBTi).

Broadly acknowledged for its industry-leading transparency, credibility and accountability, Trane Technologies has received several additional recognitions for climate action. The company was one of over 350 companies to be recognized with an ‘A’ score for transparency on climate change by CDP – out of over 21,000 companies scored. It was also named to the S&P Dow Jones Sustainability World Index for the third consecutive year and the North America Index for the thirteenth consecutive year. 
 

With its Opportunity for All commitment, Trane Technologies is taking action to uplift its culture and communities through an inclusive approach and focus on education and career development for everyone. Last year, the company achieved gender parity on our Board of Directors and donated $18.8 million to initiatives that support our corporate citizenship strategy, Sustainable Futures, which focuses on uplifting and supporting students from underrepresented communities throughout their educational journeys.

# # #

About Trane Technologies 
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Visit tranetechnologies.com.

This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our sustainability commitments and the impact of these commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.