Tag: 3BL

Nasdaq

On June 14, 2024, Nasdaq published its 2023 Sustainability Report which details how the Company is delivering on its core purpose to advance economic progress for all.

The report focused on three strategic areas: solidifying Nasdaq’s business to drive sustainable growth, supporting our clients’ Environmental, Social and Governance (ESG) journeys, and enabling positive outcomes across the financial system.

“Nasdaq’s approach to ESG is focused both internally and externally. Internally, we manage our businesses’ ESG-related risks and opportunities and the corresponding impact we have as an organization across our own operations. Externally, we focus on the impact we have on the world through our ESG-related solutions that support our clients’ objectives in their sustainability journey,” said Nina Eisenman, Vice President, Head of Corporate ESG Strategy and Reporting, Nasdaq.

Solidifying Our Business and Driving Sustainable Growth

Starting with an internal viewpoint, Nasdaq is focused on solidifying business resilience and driving sustainable growth by managing and reducing long-term risks and advancing ESG practices across our entire organization.

Within our environmental activities, Nasdaq is committed to minimizing our environmental footprint, meeting our net-zero goals, and solidifying our business against long-term risk. We aim to implement initiatives to decrease our greenhouse gas (GHG) emissions, while ensuring transparency of our processes and programs that help us reach our long-term targets.

“Our commitment to reducing our emissions to meet our verified science-based targets drives our environmental programs and priorities,” said Jase Gregoric, Senior Director, Global Head of Corporate Sustainability, Real Estate, Facilities & Security, Nasdaq.

Across our social initiatives, Nasdaq grew as we integrated Verafin and Adenza. As a result, Nasdaq’s inclusive culture is driving a new era where our three high-performing organizations are now working together to bring new solutions and capabilities to our clients.

“In 2023 and 2024, we welcomed new colleagues to Nasdaq through the integration of Verafin and Adenza, expanding our teams across 38 countries. Our team’s excitement is evident in our record high employee engagement and historically low turnover, signaling a collective commitment to this transformative journey,” added Bryan Smith, Chief People Officer, Nasdaq.

And finally, Nasdaq’s robust corporate governance structure is essential to our mission of building stronger economies. We remain dedicated to our long-standing tradition of ethical, forward-thinking governance practices, transparent disclosures, and effective Board performance, which we believe benefits all our stakeholders, including shareholders, employees, clients, and the communities we serve.

“Nasdaq’s sound corporate governance structure is key to how we help create stronger economies, encourage more equitable opportunities, and contribute to a more sustainable world,” said John A. Zecca, Chief Legal, Regulatory & Risk Officer, Nasdaq.

Through our ESG initiatives, we achieved several notable highlights in 2023 including:

Earning a place on CDP’s Climate Change “A List” — recognition of our leadership in corporate transparency and performance on climate change.Continuing our carbon neutrality program for the sixth consecutive year.Launching new career development and training initiatives for our workforce designed to deepen employee engagement.Publishing our first Transition Plan Taskforce (TPT)-aligned climate transition plan index.

Supporting Our Clients’ Sustainability Journeys

Nasdaq’s unique position in the corporate and investment communities enables us to support our clients in achieving their ESG-related goals. We assist public and private companies throughout their ESG lifecycle, helping them navigate the capital markets and a complex shareholder landscape. Additionally, we provide workflow, data, and analytics capabilities to asset owners and managers to enhance their decision-making processes and help financial institutions manage their ESG reporting and disclosure obligations.

Highlights of how we helped support our clients’ sustainability journeys in 2023 include:

Introducing eVestment ESG Analytics and launching Nasdaq MetrioTM and Sustainable LensTM.Hosting our inaugural New York Climate Week conference at MarketSite and our inaugural Stockholm ESG Summit at the Stockholm Nasdaq Office.Publishing a report on “The State of Sustainability and ESG.”

Enabling Positive Economic, Environmental and Societal Outcomes

We strive to enable positive outcomes through the broader economic and societal impact of our solutions and services – creating opportunities for businesses to grow, addressing the world’s growing financial crime problems, and making sure our markets are resilient. 

As a world-class market operator and premier technology provider serving the global financial ecosystem, our Financial Technology division is at the heart of Nasdaq’s purpose to power stronger, safer, and more inclusive economies.

Nasdaq enabled positive outcomes in 2023 by:

Pioneering a carbon trading and registry technology to expand our capabilities beyond carbon trading with digital issuance, registry, settlement, and custody.Integrating AxiomSL to help firms manage fast-moving ESG reporting and disclosure obligations.Publishing Nasdaq’s Global Financial Crime Report to examine the state of financial crime, its deep human impact, and how it threatens the integrity of global financial system.Providing grants to more than a dozen organizations through the Nasdaq Foundation and supporting critical projects through the New Investor Initiative. 

“Overall, Nasdaq strives to enable positive outcomes through the broader economic and societal impact of our other solutions and services – addressing the $3 trillion financial crime challenge, making sure our markets are resilient and able to power opportunity through the world, and supporting our communities through purpose-led initiatives aimed at advancing economic progress for all,” concluded Eisenman.

Cautionary Note Regarding Forward-Looking Statements 

Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. This report contains forward-looking statements relating to Nasdaq’s operations that are based on management’s current expectations, estimates and projections regarding the ESG matters described in this communication. Words or phrases such as “aims”, “targets”, “believes”, “goals”, “objectives”, “enable”, “opportunities” and similar expressions are intended to identify such forward-looking statements.

Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to statements about our climate, ESG or sustainability policies, programs, products or initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Originally published on the Nielsen Foundation

In 2023, the Nielsen Foundation refined its vision and mission statements and revised its focus areas to better reflect our work to advance inclusion and representation in media and technology. Moving forward, the Nielsen Foundation’s mission is to power and advance inclusive innovation and representation in the media and technology industries, especially through the use of data and research.

“2023 was a year of transformation for the Nielsen Foundation, as we focused our efforts to advance inclusion and representation across media and technology,” said Andrea Bertels, President and Executive Director, Grantmaking, Nielsen Foundation. “I’m really proud of our 2023 grantees and honored we can support their important work, and we look forward to continued collaboration in the coming year.”

The Nielsen Foundation provided almost $1.4 million in grants to 24 nonprofit organizations in 2023:

$667,550 in Community Grants to 14 organizations advancing educational access and persistence, economic mobility and well-being and representation in media and technology$342,500 in continued support for Discover Data and the TechDiversity Accelerator, our two Signature Programs promoting data education and inclusive economic mobility in technology$325,000 in Data for Good grants to support organizations using data in innovative ways to advance representation and inclusion in media and technology*$38,000 in Volunteer Grants across more than 500 Cause Cards from Nielsen employees who logged 12+ volunteer hours in a quarter, recently joined the company, and/or participated in a special volunteer recognition program

View the full summary here to learn more about the Nielsen Foundation’s 2023 grantmaking highlights.

*One $50,000 Data for Good grant was paid in early January 2024.

The first annual “Whole in One” mental health awareness golf outing was a smashing success thanks to a partnership between our HeadsUP business resource group and Mental Health America Lakeshore. 

On the picturesque greens of Whistling Straits, 150 golfers and volunteers from across Kohler, MHA, and the community joined former Green Bay Packers fullback John Kuhn to raise funds for mental health education, research, advocacy, and services. 

“The HeadsUP BRG was so proud to be a part of this event benefitting an amazing cause,” said Barbra Klug, Kohler Co. Sr. Counsel – Commercial & Real Estate, Co-Founder & Co-President of HeadsUP, and Whole in One event lead. “John’s presence and deeply moving keynote speech helped in reducing the stigma around speaking about mental health, especially in the male community.” 

Together, we continue the important conversations for change. Mental health matters.

Originally published on bloomberg.com

June 28, 2024 /3BL/ – Bloomberg is pleased to announce it has been named the ESG Data Provider of the Year for the Americas at the Environmental Finance 2024 Sustainable Investment Awards. This category award recognizes providers of ESG data that help to better inform investment decisions in America. 

This marks the fourth ESG award Bloomberg has earned in 2024. Earlier wins include:

Bloomberg GSS Bond Index named Index of the Year in the Environmental Finance Sustainable Debt AwardsBest Data Management Solution for ESG in the A-Team ESG Insight AwardsMost Innovative ESG Data Solution in the A-Team Innovation Awards 

“Winning the ESG Data Provider of the Year is a testament to Bloomberg’s unwavering commitment to provide high quality sustainability data,” said Nadia Humphreys, Global Head of Sustainable Finance Data Solutions at Bloomberg. “To help inform clients’ investment decisions holistically, our ESG data solution integrates with Bloomberg’s other industry-leading data, such as our reference, pricing, regulatory data and more, so they can view ESG factors in combination with other key financial metrics. This award recognizes our effort to provide clients with the tools to make more informed and data driven decisions.”

Bloomberg provides company reported data on over 16,000+ companies from more than 100 countries, representing 94% of global market cap. Additionally, the Bloomberg Terminal provides full data transparency enabling users to drill down and access the underlying source documents to validate any data point. With 40+ years as a leading data provider for financial markets, Bloomberg has unique expertise providing trusted and high-quality sustainability data designed for investment workflows.

Bloomberg’s ESG data is readily accessible on the Bloomberg Terminal via {ESGD <GO>} or for enterprise-wide use via Data License at data.bloomberg.com. 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. 

To learn more, visit our ESG data website here.

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.

MetLife

For the fifth edition of TTX Talks – MetLife’s virtual mini-series comprised of meaningful conversations with influential STEM leaders – Bill Pappas, Head of Global Technology and Operations at MetLife, sits down with Allie K. Miller, top AI leader, advisor, investor, and advocate for women in STEM, for an impactful conversation. Join this candid and inspiring discussion to learn about the power of mentorship, being comfortable with the uncomfortable, and finding the joy of experimentation.

Are you enjoying TTX Talks? Join the MetLife TTX Community on LinkedIn to continue the conversation around diversity in STEM. As a member of the group, you’ll have the opportunity to network with professionals, stay updated about the latest trends, and get inspired to advance the field. 

Join today!

CLEVELAND, July 1, 2024 /3BL/ – Today, KeyBank announced that it has funded more than $2 million in KeyBank Home Buyer CreditsSM1, helping 442 clients achieve their dream of homeownership in areas where the program is available. This milestone is the latest KeyBank has achieved since launching this program in September 2022.

The KeyBank Home Buyer Credit is a Special Purpose Credit Program that provides $5,000 toward closing costs and other pre-paid fees that may come with financing a new home, to homebuyers for the purchase of eligible properties. Additional costs include mortgage, flood and hazard insurance, escrow deposit, real estate taxes, and per diem interest for eligible properties.

“In this competitive and challenging homebuying environment, we are excited to continue working to reduce the barriers of homeownership and help more clients achieve their dreams while building wealth,” said Dale Baker, president of Home Lending at KeyBank. “Through responsible lending products and services, educational support, and direct investment into the diverse communities we serve, we are committed to helping clients at every stage of homebuying and homeownership.”

KeyBank’s 2024 Financial Mobility Survey found increasingly rising costs have made many Americans come to the realization that owning a home may not be feasible. Of those people (20%) who are not currently in the market to purchase a home and haven’t purchased one in the past year, 69% believe the dream of owning a home is not very attainable.

The KeyBank Home Buyer Credit is one of three special purpose credit programs2 (SPCPs) from KeyBank. The KeyBank Neighbors First Credit3, provides up to $5,000 in credits toward closing costs and other pre-paid fees that may come with financing a new home to homebuyers for the purchase of eligible properties in eligible communities. The Neighbors First Credit launched in July 2023. Through this program, Key has funded more than $845,000 in credits, helping 169 clients.

In addition, the Key Opportunities Home Equity Loan4 provides affordable terms for borrowers with qualifying properties to refinance their primary residence to a lower interest rate, consolidate debt, finance home improvements, or tap into their equity when needed. This loan features a fixed rate, with no origination fee, and a first or second lien option for loans up to $100,000. Since the program began on March 1, 2023, through June 26, 2024, KeyBank funded $11.7 million in loans, helping 233 clients secure loans for their primary home in designated communities.

“The KeyBank Home Buyer Credit, and all of our special purpose credit programs, are helping our clients achieve something many think is unattainable, providing them with a safe, comfortable home that doubles as a wealth building tool,” said Rachael Sampson, head of community banking for KeyBank’s consumer bank. “This latest milestone reflects our enduring commitment to helping make homeownership achievable and sustainable for our clients.”

Learn more about KeyBank’s home lending opportunities and programs, determine whether a property qualifies for Special Purpose Credit Programs, or get started on the journey to homeownership by visiting key.com/communitylending. For details on the current state of local markets and to answer any questions you may have, including whether a property qualifies for Key’s Special Purpose Credit Programs, KeyBank Mortgage Loan Officers are available to help.

ABOUT KEYCORP

KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $187 billion at March 31, 2024.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

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NMLS #399797. 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. All credit products are subject to collateral and/or credit approval, terms, conditions, availability and are subject to change.

CMFA #240628-2668030

1 Available on primary residence first lien purchases only. Property must be located in an eligible community as determined by KeyBank. Eligible Communities are subject to change without notice. Additional terms or restrictions may apply. Ask us for details.

2 Special Purpose Credit Programs (“SPCPs”) are, generally, programs that are established to meet special social needs or the needs of economically disadvantaged persons by extending credit to persons who would probably be denied credit or would receive it on less favorable terms, under certain conditions. See 15 U.S.C. § 1691(c)(1)-(3); 12 C.F.R. § 1002.8(a).

3 Available on primary residence first lien purchases only. Property must be located in an eligible community in KeyBank’s retail footprint or Florida. Eligible communities are determined by KeyBank and subject to change without notice. Additional terms or restrictions may apply. Ask us for details.

4 Loan features reduced interest rate and no origination fees. Available on existing primary residence and loans up to $100,000. First or second lien only. Loan must close in a branch. Property must be located in an eligible community in KeyBank’s retail footprint. Additional terms or restrictions may apply. Ask us for details.

To apply for a home equity loan, you must:

Be 18 years of age or older 
Live within the following states: AK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, or WA 
Agree to provide additional personal and business information, if requested, such as tax returns and financial statements 
Certify that all information submitted in the application is true and correct 
Authorize the bank and or a credit bureau to investigate the information on the application

Jim Candler had a successful 40-year career in system operations before coming to Gilead three years ago to bring his tech expertise to the Human Resources team.

“I was hired at 71 years old. What does that say about Gilead?” says Jim, Senior Director, People Technology.

Jim is now 74 years old and still enjoys coming to work every day. He feels especially fortunate to be working at a company that offers employees an assortment of healthcare and retirement benefits. He credits one of those benefits with providing invaluable healthcare information when he was diagnosed with prostate cancer last year.

After seeking a series of medical opinions from a radiation oncologist, a medical oncologist, a urologist and a hormone treatment specialist, Jim was overwhelmed trying to decide which option was best for him.

That’s when his colleagues at work told him to contact AccessHope, a cancer care support benefit that Gilead began offering to U.S. employees and their loved ones last August. The program provides a network of oncology professionals who are available to share treatment information, while also providing emotional support.

“Much of our discoveries here at Gilead are dedicated to treatments for those facing cancer,” says Angela Sim, Senior Director, Benefits. “That’s why our benefits team felt it was important to make sure our employees and their family members could seek information from oncology experts at the forefront of the latest cancer innovations.”

In Jim’s case, he was connected with an oncology nurse who spent hours walking him through each of his treatment options.

“They won’t tell you what to do, but they help educate you and point you to resource materials,” says Jim. After speaking with the nurse and doing some more follow-up research, he was able to make a treatment decision he was at peace with.

“A big part of my job is to remove administrative burdens and help employees navigate our healthcare benefits, and now I want to let everyone know about what an incredibly helpful program I had at my disposal when I needed it the most,” he says. “It didn’t just help me, but my wife was also able to gain emotional support from the program during this journey, too.”

Gilead’s cancer care efforts caught the attention of President Biden’s Cancer Moonshot initiative, which aims to improve the experience of people touched by cancer. Representatives from Gilead’s Benefits team were invited to the White House in March to share best practices on ways employers can influence employee cancer screenings.

Jim, meanwhile, is still undergoing treatment but is happy to say his cancer is undetectable. He also credits his annual check-ups for this good health, and he hopes his experience will serve as a reminder to others of the role regular exams and screenings can play in early detection.

He also notes how grateful he is that Gilead helps him and others – from providing employees access to wellbeing services and cancer support to fostering a rewarding work environment. “I’m proof that Gilead cares about its employees.”

Originally published by Gilead Sciences

Join the Whirlpool Foundation in celebrating a second year supporting the Michigan Council of Women in Technology Foundation (MCWT) STEM event – Girls Rock IT. This spring, local girls from grades 2-8 dove into the exciting worlds of coding and app development. Elementary students explored coding with Scratch, while middle schoolers built their own apps using MIT App Inventor – all in one day!

Parents and guardians were encouraged to tap in and many attended a session on Internet Safety and Careers in Technology to help equip them to support the girls’ tech aspirations.

With a high demand for tech talent and women still underrepresented in the field, Whirlpool Foundation remains committed to showcasing inspiring Whirlpool Corp. IT role models and helping young girls crack the code on promising tech careers in Michigan.

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.

Set against the picturesque backdrop of Borgo Egnazia, Italy, the latest G7 summit was a stage for delicate decisions. In the final communiqué released on 14 June, the G7 leaders reaffirmed their commitment to tackling the triple crisis of climate change, biodiversity loss and pollution. Acknowledging these aspects as inherently connected is vital, as is pushing for a ‘just transition’.

As the ILO puts it, a just transition is about “Greening the economy in a way that is as fair and inclusive as possible to everyone concerned, creating decent work opportunities and leaving no one behind”. It’s significant therefore that the G7 has recognized the role of vulnerable communities, diverse social challenges and need for wide involvement of businesses and civil society.

We might be tempted to salute these commitments with nothing but enthusiasm, but unfortunately not all that glitters is gold. Despite the positive overtones, the summit lacked the ambition to propose any new – and much-needed – actions against climate change.

Yet how can the corporate world contribute where international policy setters fall short? Here, we can draw inspiration from the G7 communiqué: “Availability, comparability, and credibility of robust information in the financial sector and real economy”, which underscores the importance of effective sustainability reporting practices by the private sector.

Away from fossil fuels, but not just yet

Let’s start with the silver linings. The G7 leaders have pledged to achieve a substantial reduction in global greenhouse gas (GHG) emissions, aiming for a 43% fall by the end of this decade and a 60% reduction by 2035 from 2019 levels. This is welcome, as emissions continue to rise, posing challenges to achieving the goal of limiting global temperature rise to below 1.5°C.

Cutting emissions goes hand-in hand with another important goal, to triple global renewable capacity and double energy efficiency by 2030. Accelerating renewables is essential for transitioning away from fossil fuels, enhancing energy security, boosting growth and job creation. Improving the resilience and flexibility of electricity systems is another key issue and can be attained through increase deployment of storage systems, digitization of grids and power plants, and investing in the dedicated supply chains.

Although it’s an encouraging starting point, it is simply not enough. The G7 countries must rule out an urgent plan to phase out fossil fuel with a clear and ambitious timeline, ideally within the next decade. Only then, they can genuinely lead the way in climate action which, as the G7 highlighted, must put people at its core, and it needs a tangible contribution from the society and business actors alike.

Pollution’s toll on biodiversity

The G7 acknowledges pollution as a key driver of biodiversity loss. For instance, nitrogen deposition remains a significant threat, with damaging levels found in 75% of the total ecosystem of the 27 EU Member States in 2020. The final declaration remarks once again how concentrations of pollutants negatively affect ecosystem and species health. Our planet’s biodiversity, once robust and diverse, it is now struggling to adapt to the rapidly changing climate.

This situation is not merely an environmental concern; it’s a pressing and holistic crisis, with harsh consequences on our food security and supply chains. As the communiqué states:

“We recall our existing commitments…in halting and reversing biodiversity loss by 2030, in an integrated manner, while ensuring sustainable and inclusive economic growth and development, enhancing the resilience of our economies and accelerating energy transition”.

According to the European Environmental Agency, ground-level ozone continues to damage crops and reduce yields. From 2000 to 2020, there was a notable reduction in the proportion of agricultural land exposed to harmful ozone levels, falling to a low of 6% in 2020. However, the economic losses on wheat yields in 2019 still totalled €1.4 billion across 35 European countries.

What all of this points towards is a complex web of interconnected challenges.

Promises and pitfalls

Ambitious pledges require rock-solid foundations, yet the G7 communiqué falls short by lacking a bold and clear timeline, with defined milestones. The summit should serve as the cornerstone for climate commitments, leveraging its influential position to set agendas and mobilize essential finances and resources. What we perceive, however, is a gap between the urgency of the situation and the incremental steps being taken to address it.

First and foremost, the focus must extend beyond a vague reference to “transitioning away” from fossil fuels. The world is waiting for ambitious commitments based on a direct transition to renewable energy systems, with people to be put at its very cor. Yet, there are no clear steps and timeframe to phase out from fossil fuel.

The aim to phase out unabated coal by the early 2030s is equally underwhelming: there is a deliberate vagueness around the target date while urgent action is required now.

Moreover, the G7 leaders gathered in Apulia missed the chance to set ambitious targets on the new collective quantified goal on climate finance. In the final communiqué, the G7 delegates this crucial task to the upcoming COP29, that will take place this fall in Baku.

The seriousness of the situation is echoed in the word of UN Secretary General, Antonio Guterres: “Unless we act now, the 2030 Agenda will become an epitaph for a world that might have been”.

It’s time for boldness and accountability

Forward-looking metrics are needed to outline credible transition pathways, both for the public and private sectors. This not just a key part of the G7 stance, but also a milestone of GRI’s mission. The triple crisis of climate change, biodiversity loss and pollution are reflected in the GRI Standards:

GRI 101: Biodiversity 2024. Launched in January 2024, it emphasizes the synergies and trade-offs between biodiversity and climate, urging companies to consider and disclose these in their reports. It also aligns with the G7’s objectives, helping organizations disclose significant impacts on their biodiversity impacts.GRI Climate Change Standard. Currently incorporating public feedback before publication early next year, it prioritizes GHG reductions as the primary mitigation action expected for companies, while linking them with impacts on society and the people, and includes multiple disclosures that are directly linked to biodiversity. It also covers the use of carbon credits, as well as transition and adaptation plans.A new revision of GRI Energy Standards will kick off soon, and focus on transparency in energy efficiency, renewable transitions and their social and environmental impacts, incorporating the broad concept of just transition.

In the grand tapestry of climate action, we must ensure commitments do not become relics of promises unfulfilled. A holistic approach towards climate change is surely the way to go, but it must feature true boldness and effective corporate accountability. In an era where the stakes are so high, we cannot afford anything less.

ABOUT THE AUTHOR

Margherita Barbieri is a manager in the GRI Topic Standards Team, where she is leading the project to update of the GRI Climate Change & Energy Standards. Before joining GRI, Margherita worked in the food and beverage industry, specializing in marketing and sustainability. She also led the World Economic Forum circular economy initiative, Scale 360°, in Turin. She completed the Executive Programmes in Corporate Sustainability and Leadership from Saïd Business School (UK) and holds an MA in International Relations from the University of Turin (Italy).

ABOUT GRI

Established in 1997, Global Reporting Initiative (GRI) is the independent, international organization that helping businesses and other organizations take responsibility for their impacts by providing the global common language to report those impacts.

The GRI Standards, the leading global standards for sustainability reporting, are provided as a free public good. They are used each year by more than 11,000 organizations in over 100 countries, including 78% of the world’s largest 250 companies. The GRI Standards were downloaded by users around one million times in 2022, a 45% increase on the previous year.

Jamie Ralston, senior director of training and virtual sales, shares her story about the importance of mental health and how open conversations about mental well-being with her team led to a turning point for her family. Jamie shares how resources like Spring Health, accessible through our benefits, have made a difference for her and her family members.

Georgia-Pacific

Based in Atlanta, Georgia-Pacific and its subsidiaries are among the world’s leading manufacturers and marketers of bath tissue, paper towels and napkins, tableware, paper-based packaging, cellulose, specialty fibers, nonwoven fabrics, building products and related chemicals. Our familiar consumer brands include Quilted Northern®, Angel Soft®, Brawny®, Dixie®, enMotion®, Sparkle® and Vanity Fair®. Georgia-Pacific has long been a leading supplier of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers. Its Georgia-Pacific Recycling subsidiary is among the world’s largest traders of paper, metal and plastics. The company operates more than 150 facilities and employs more than 30,000 people directly and creates approximately 89,000 jobs indirectly. For more information, visit: gp.com/about-us. For news, visit: gp.com/news

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