Tag: 3BL

FLORENCE, Italy, June 25, 2024 /3BL/ – The Baker Hughes Foundation announced Tuesday a $100,000 grant to Angeli del Bello Foundation in support of urban regeneration and social inclusion in Italy. Angeli del Bello Foundation’s key mission is to improve cities across the country, which involves promoting the rediscovery of civic sense, educating and inspiring future generations.

The grant to Angeli del Bello Foundation will support the Custodi del Bello project in Florence, Italy, where Baker Hughes has over 4,500 employees. The project brings marginalized groups and people in difficult situations into work teams that take care of public places such as streets, squares, parks, gardens and monuments in the community. Participants are offered the opportunity to be reintegrated into the community and the world of work through care activities of public areas. In addition to being paid, participants are offered trainings and opportunities to meet with local companies looking for workers. Custodi del Bello provides the opportunity to create a social network and acquire useful skills for new entry into the job market.

Baker Hughes employees have volunteered with Angeli del Bello since 2015. Since then, at least three initiatives have been organized each year to raise awareness of sustainability topics and develop joint decoration projects in line with the circular economy.

“Custodi del Bello project, set up four years ago together with our friends from Extrapulita APS Milan and Caritas – Communitas, has shown great potential for development, being the natural complement to the extraordinary work of the volunteers of Angeli del Bello,” said Angeli del Bello Onlus Foundation Giorgio Moretti. “Thanks to the Baker Hughes Foundation’s generosity, we are confident that we will be able to launch more powerful projects, with the hope of being able to replicate this kind of initiative with many other realities operating in our magnificent Firenze, which need more respect and care.”

The grant aligns with the Baker Hughes Foundation’s mission of supporting the communities where we conduct business and have employees living and working. This donation to Angeli del Bello Foundation also supports Baker Hughes’ commitment to advancing the United Nations’ Sustainable Development Goals (SDGs) – SDG 8 to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

“People first, energy forward is at the forefront of everything Baker Hughes achieves. We know that fresh perspectives and unique experiences fuel innovation, and we hope supporting organizations like Angeli del Bello will inspire and engage local communities where we operate,” said Deanna Jones, Baker Hughes executive vice president of People, Communications and Transformation and Foundation trustee.

To learn more about Baker Hughes’ work in supporting its communities, visit our Corporate Responsibility website.

About the Baker Hughes Foundation:

For 30 years, the Baker Hughes Foundation has been a steward of charitable resources for meaningful community impact. The Foundation seeks to advance environmental quality, education, health, safety, and wellness around the world by supporting organizations with shared values, demonstrated leadership, evidence of impact, financial soundness, and the capacity to implement initiatives and evaluate their success. The Baker Hughes Foundation makes strategic philanthropic contributions, matches Baker Hughes employee contributions, and awards volunteer recognition grants for outstanding employee community service.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

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For more information, please contact:

Media Relations

Adrienne M. Lynch 
+1 713-906-8407 
adrienne.lynch@bakerhughes.com

SKILLMAN, N.J., June 25, 2024 /3BL/ – Kenvue Inc. (NYSE: KVUE) (“Kenvue” or the “Company”), the world’s largest pure-play consumer health company by revenue, today released its first-ever Healthy Lives Mission Report and shared how the Company advanced the well-being of both people and planet in 2023.

“We recognize that human health is inseparably linked to environmental health and our commitment to everyday care extends to the planet we call home,” said Thibaut Mongon, Chief Executive Officer. “As we established Kenvue as an independent company, we also recommitted to our Healthy Lives Mission, our Environmental, Social and Governance strategy, and positioned our portfolio of iconic brands and Kenvuers around the world to build lasting positive change.”

In 2023, the Company deployed its science, operations, team members and brands to advance its Healthy Lives Mission focused on nurturing healthy people, enriching a healthy planet and maintaining healthy practice.

“In the past year, we have made meaningful progress with our Healthy Lives Mission, reduced our greenhouse gas (GHG) emissions and virgin plastic footprint, advanced the sustainable sourcing of paper, and developed values-led policies and programs to positively impact individuals and communities,” said Pamela Gill-Alabaster, Global Head of ESG & Sustainability. “As a global leader in consumer health, we will continue to draw on our brands, resources and platforms to help shape a healthy future for both people and planet.”

Highlights from the inaugural report include:

Healthy People: Kenvue equipped the communities in which it operates with innovative products and actionable information to make healthier decisions.

We start with our team and take actions every day to foster an inclusive, equitable and diverse workplace culture and to create a sense of belonging for all. We’re committed to strengthening representation at all management levels.1 At the end of 2023, our global workforce was approximately 50% male and 50% female, and 36% of our U.S. employees identified as racial or ethnic minorities.2Through diversity of backgrounds and perspectives, we collaborated on innovations and product experiences that reflect the needs of our global consumers, including the Neutrogena® Purescreen+™ Mineral UV Tint Face Liquid Sunscreen range in the U.S. designed to be inclusive of varying skin tones with four flexible shades and the Johnson’s® Blackinho Poderoso line in Brazil for children with curly hair.

Healthy Planet: Kenvue helped safeguard the earth’s health and resources while managing the impacts it created.

Investments in energy efficiency and decarbonization projects have resulted in Scope 1 and 2 GHG3,4,5 reductions of 26% since 2020.We’ve increased our use of renewable electricity6 to 65% through 18 onsite solar-powered electricity systems and offsite renewable electricity6 procurement contracts.Using circular economy design principles, we increased our use of recyclable7 or refillable8 packaging9 to 71% of our portfolio and reduced the volume of virgin plastic10 in packaging9 by 21%.Of our total paper and wood fiber packaging,11 94% of the volume sources were certified12 or verified recycled13 paper and wood fiber.

Healthy Practice: Kenvue also continued to promote a culture of integrity, ethics and transparency to build trust and create meaningful, long-term value.

We’re committed to optimizing the environmental performance14 of our products using scientific lifecycle design principles15 and tools such as our Sustainable Innovation Profiler (SIP), which aims to future-proof products by promoting the adoption of sustainable ingredients and packaging materials in our innovation process.We’re expanding access to product information through digital platforms and technologies like our Neutrogena® Glossary of Ingredients and Johnson’s® Baby digital transparency tool with the intention of empowering consumers to make the best choices for themselves and their loved ones.

To read the Kenvue Healthy Lives Mission 2023 Report, visit www.kenvue.com/hlm-report-2023.

About Kenvue 
Kenvue is the world’s largest pure-play consumer health company by revenue. Built on more than a century of heritage, our iconic brands, including Aveeno®, BAND-AID® Brand, Johnson’s®, Listerine®, Neutrogena® and Tylenol®, are science-backed and recommended by healthcare professionals around the world. At Kenvue, we believe in the extraordinary power of everyday care and our teams work every day to put that power in consumers’ hands and earn a place in their hearts and homes. Learn more at www.kenvue.com.

Investor Relations: 
Jim Giannakouros, CFA 
Kenvue_IR@kenvue.com

Media Relations: 
Melissa Witt 
media@kenvue.com

Cautions Concerning Forward-Looking Statements 
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding the Company’s climate goals and its Healthy Lives Mission. Forward-looking statements may be identified by the use of words such as “plans,” “expects,” “commits,” “will,” “anticipates,” “estimates” and other words of similar meaning. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Kenvue and its affiliates.

A list and descriptions of risks, uncertainties and other factors can be found in Kenvue’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and subsequent Quarterly Reports on Form 10-Q and other filings, available at www.kenvue.com or on request from Kenvue. Kenvue and its affiliates undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or developments, or otherwise.

 

1 All management levels including manager, director, vice president and above.

2 Asian, Black/African American, Hispanic/Latino, Other Ethnic Racial Diversity; 2+ more races, NH/PI, AI/AN (Native Hawaiian or Pacific Islander, American Indian or Alaska Native). Workforce composition metrics are derived from data collected in connection with EEO-1 reporting.

3 Applies to all Kenvue-owned facilities where Kenvue has operational control, regardless of building type; all leased facilities used for manufacturing and/or research and development; and leased, non-manufacturing and/or non-research and development facilities where the facility is greater than 50,000 square feet and where Kenvue has operational control. The 2020 baseline and all subsequent reporting years include all facilities aligned to Kenvue’s structure upon separation from Johnson & Johnson in 2023 and do not include any operational or organizational exclusions. Scope 1 are greenhouse gas (GHG) emissions that Kenvue directly generates – e.g., running boilers and vehicles using fossil fuels. Fleet emissions are reported as CO2 and do not include other greenhouse gas emissions. Scope 2 are GHG emissions that Kenvue indirectly generates – from electricity or energy purchased for heating and cooling buildings.

4 The inventory was compiled in accordance with the WRI/WBCSD Greenhouse Gas (GHG) Protocol – A Corporate Accounting and Reporting Standard (Revised Edition 2013) including the amendment to this protocol, GHG Protocol Scope 2 Guidance (2015).

5 The target boundary includes land-related emissions and removals from bioenergy feedstocks.

6 Renewable energy source is an energy source that is capable of being replenished in a short time through ecological cycles or agricultural processes (e.g., biomass, geothermal, hydro, solar, wind). Renewable electricity targets are achieved through a combination of actions, including on-site solar, virtual power purchase agreements (VPPAs), direct power purchase agreements (PPAs), energy attribute certificates (EACs), also known as renewable electricity certificates (RECs), and green retail contracts.

7 Recyclable also defined as recycle-ready is when packaging is designed for collection, sorting, and recycling using end-of-life processes, but where collection, sorting, and recycling infrastructure may not yet be in place for the packaging to actually be recycled. Best practices of “designing for recyclability” guidance for plastic-based packaging include the Association of Plastics Recyclers in the United States. Note: “Designed for recycling,” “designed for recyclability,” and “recycle ready” are also used interchangeably and reflect the same meaning.

8 Kenvue defines refillable or reusable packaging as packaging that is designed for either the business or the consumer to put the same type of purchased product back into the original packaging, is designed to be returnable and/or refillable, and accomplishes a minimum number of reuses by being part of a system that enables reuse.

9 Packaging for direct purchases, may not include all externally manufactured products. Total weight of plastics packaging is calculated utilizing 2024 Business Plan volume and is not trued up to actual sales. Manual adjustments of <10% were made to 2024 Business Plan volume based on SME judgment to remove materials not assumed to contain plastics.

10 Virgin plastic means newly manufactured resin produced from petrochemical feedstock used as the raw material for the manufacture of plastic products and which has never been used or processed before.

11 Volumes include direct purchases of primary and secondary packaging and leaflets. Volumes do not include the packaging materials sourced in some externally manufactured products.

12 Certification schemes accepted by Kenvue include FSC® or PEFC chain of custody standard, only when FSC® is not available.

13 Recycled includes both post-consumer and post-industrial recycled content; Verification of recycled content is conducted by an external third party (for example, Preferred by Nature). The information provided herein includes data from suppliers. While we strive to ensure the accuracy and completeness of this data, we recognize there may be limitations to its accuracy or comprehensiveness.

14 Improved environmental performance is defined as improvement in one or more of the four pillars, with no regression compared to the baseline product, measured using Kenvue’s Sustainable Innovation Profiler (SIP).

15 Scientific principles are defined across four pillars – carbon footprint, green chemistry, sustainable packaging, and product environmental footprint.

DENTON, Texas, June 24, 2024 /3BL/ – Tetra Pak, a pioneer and world-leading food processing and packaging solutions company, is pleased to share that Suntado LLC, a contract manufacturer in dairy and other beverages, has opened a state-of-the-art facility in Burley, Idaho.

With commercial readiness expected just in time for Dairy Month (June), the facility can process up to 1 million pounds of local milk per day into shelf-stable and ESL milk and other liquid dairy products, many of which will be packaged in Tetra Pak® cartons.

“Shelf-stable products are one of the most exciting ways Tetra Pak is helping to move the beverage industry forward,” said Seth Teply, president and CEO of Tetra Pak U.S. and Canada. “With a longer shelf life and no need to refrigerate until opened, shelf-stable dairy products support the transformation of food systems by increasing access to safe food and reducing food waste. We’re excited that Suntado chose to work with us to create the innovative dairy and beverage facility of the future.”

Tetra Pak’s shelf-stable packaging allows food and beverages to stay safe for long periods of time without additives, preservatives or refrigeration before opening, offering cost savings and production efficiencies while minimizing food waste due to spoilage and reducing the cost and environmental impact of the transportation and storage of finished goods. Additionally, Tetra Pak’s unfinished packaging material ships in a convenient roll, reducing the cost and impact of freight and storage space when compared with most other packaging formats.

With capacity and capability to produce a wide variety of dairy-based and other beverages, and a vertically-integrated milk supply, Suntado offers solutions that cater to a diverse range of needs. Located in the third-largest dairy-producing state of Idaho, the facility is owned by Dirk Reitsma and Jesus Hurtado, who respectively own 6,000 organic and 30,000 conventional dairy cows within 20 miles of the processing facility, thus supplying fresh local milk to the plant.

“This vertically integrated facility and our product offerings are completely different than anything out there right now,” said Tory Nichols, office of the CEO, Suntado. “I’m energized by the fact that we’ve built this plant from the ground up, creating a secure, locally-sourced milk supply. This facility will offer countless brands the flexibility and scalability they seek, and Tetra Pak’s input and shelf-stable expertise has proven invaluable to our efforts along the way.”

About the facility:

The facility is a 190,000-square-foot production plant on 23 acres of land.This is phase one of a three-phase project, with the ability to triple the capacity in the future.Operations will continue to ramp up throughout 2024, with an estimated 800,000 to 1 million pounds of milk processed every day in the next 12 months.Owned by experienced and large-scale organic and conventional dairy farmers, Suntado has a unique advantage in providing a reliable and high-quality local milk supply. This allows Suntado to guarantee the freshest and finest ingredients for dairy-based beverages.This vertically-integrated facility processes and packages products in one location.Suntado is not producing its own brand. This facility will instead enable retailers and national brands to private-label beverage products.The initial focus is on shelf-stable and ESL milk, cream and other dairy-based beverages, with the ability to expand beyond dairy into additional beverages.

About the Tetra Pak® equipment:

The initial project includes five Tetra Pak shelf-stable and ESL packaging lines:Two Tetra Pak® TT/3 filling machines for production of Tetra Top® packages in 500 mL (~16.9 oz), 750 mL (~25.4 oz), and 1000mL (~33.8 oz) sizesTwo Tetra Pak® A3/Flex aseptic filling machines for production of Tetra Brik® Aseptic Edge packages in 500mL (~16.9 oz) and 1000 mL (~33.8 oz) sizesOne Tetra Pak® A3/Compact Flex aseptic filling machine for production of Tetra Prisma® Aseptic packages with DreamCap™ 26 in a 250 mL (~8.5 oz) size.

For photos and videos, click here and here.

For more information on the facility, visit www.suntado.com.

For media inquiries, please contact Kate Joachim at kjoachim@bader-rutter.com or 414-213-7474.

Truist Foundation announced philanthropic funding for 11 nonprofit organizations working to pilot emerging solutions or scale existing successful initiatives into new regions. This comes at a time where there is a gap in the ability for many nonprofits to secure meaningful funding for growing and scaling their work. According to a report from UHY Advisors, well over half of the 116 nonprofits surveyed stated that their organization had created new programs or services in the past year, while nearly half of the organizations surveyed cited challenges with growth and scaling solutions as a top concern.

“As a community-centered bank with roots in neighborhoods across the country, we know that proximity to a community’s challenges is a leading indicator of whether or not the proposed solutions to those challenges are relevant, effective and sustainable,” said Lynette Bell, president of Truist Foundation. “Nonprofits often best understand the communities they’re operating in and corporate philanthropy has to be willing to take a bet on a new idea or that an idea that works in one community just might work in another. This is why Truist Foundation is proud to have a grantmaking strategy that gives us the flexibility to invest in what’s possible.”

Rooted in Truist Foundation’s core focus areas, 11 nonprofits are receiving more than $4 million in grants for programs that aim to support small businesses and create career pathways in underserved communities.

Truist Foundation funding will help the following organizations launch pilot programs:

Georgia Resilience and Opportunity Fund (Southeast) – This grant will help launch the Opportunity Narrative and Culture Portfolio, a series of initiatives focused on participant storytelling and social media engagement as a means to drive employment and financial wellbeing for residents in three Georgia communities.Greater Washington Community Foundation (Mid-Atlantic) – The grant funds will promote wealth-building and economic mobility among the Black, Indigenous and People of Color ALICE population (those who are Asset Limited, Income Constrained, Employed—meaning they earn above the Federal Poverty Level, but not enough to afford basic living necessities) in the Washington, D.C. region through both a career accelerator and a financial well-being center.Project Equity (Southeast) – Funds will be used to advance employee ownership as a pathway to strengthen small businesses, build wealth for workers, and create more resilient economies. The agency selected Atlanta, Birmingham and Miami as pilot cities for the initiative due to their demographics and significant wealth gaps.Prosperity Now (National) – Grant funding will help Prosperity Now equip community development financial institutions (CDFIs) and entrepreneur-serving organizations with knowledge and tools to access and effectively utilize government funding available in “green economy” initiatives like clean energy, affordable and sustainable housing, and training and workforce development.Urban Manufacturing Alliance:Strengthening Small Manufacturing Businesses (National) – With grant funds, UMA will partner with community leaders and local lenders to improve connections between small- and mid-sized manufacturers and the millions of dollars of funding and technical assistance flowing through the State Small Business Credit Initiative.Building Inclusive Ecosystems in the South (South) – This grant enables UMA to convene educational institutions, workforce intermediaries, manufacturers, and other stakeholders in a community of practice that will design, pilot, and scale strategies that create more accessible pathways to good quality careers in manufacturing, including for workers of color and women.Warrior-Scholar Project (National) – With a goal of propelling enlisted veterans and service members toward success in higher education and beyond, this grant will allow Warrior-Scholar Project to more deeply engage its alumni community and help enlisted veterans transition to their next career through a custom professional development program in addition to hiring a dedicated director of alumni programs.

“With the Truist Foundation’s support, Project Equity is creating strong partnerships in the Southeast to raise awareness of employee ownership as a new wealth building strategy for low-income workers and economically disadvantaged communities,” said Evan Edwards, CEO of Project Equity. “We are working to embed employee ownership in local ecosystems to create thriving communities where workers have a meaningful stake in the success their labor creates.”

Truist Foundation funding will help the following organizations scale promising existing programs:

Centro Community Partners (National) – Funding will allow Centro to build a regional headquarters focused specifically on serving the Southeastern U.S. Through a combination of remote and in-person engagements, Centro will offer culturally and linguistically relevant support services for entrepreneurs, capacity building for nonprofit organizations, and a series of microloans and grants to low- to moderate-income small business owners.Digitalundivided (National) – Funds are supporting Digitalundivided’s national business accelerator and incubator programs, including BIG, which is designed to help founders who have already begun to build their start-ups through the business development process, and START, a five-week program that provides innovators with a structured process to bring their business idea to reality.LiftFund (Southeast) – A certified nonprofit CDFI, LiftFund will use grant funds to expand its microlending services to small businesses in Florida—particularly the Fort Lauderdale, Jacksonville, Miami, Orlando and Tampa markets. Most dollars will go toward lending capital through a revolving loan fund, with smaller portions allocated toward interest buydown and technical assistance.Semper Fi & America’s Fund (National) – This grant will support entrepreneurship within the nonprofit organization’s Apprenticeship Program, which provides transitioning service members and veterans with structured support to explore and acquire new skills and to gain practical experience in civilian occupations. Funding will specifically support veteran apprentices who are focused on owning and operating their own small businesses.Shaping Our Appalachian Region Inc. (Appalachian) – This grant will help underemployed Eastern Kentuckians find and obtain work after graduating from Code Kentucky, a free online training program reskilling and upskilling local residents in order to assist them in securing high-quality, remote jobs.

“LiftFund is grateful for our longstanding partnership with Truist Foundation,” LiftFund President & CEO Laurie Vignaud said. “We are excited about the ability to scale our work and bringing this program, which offers equitable business capital and coaching to Florida small business owners to help them achieve entrepreneurial success.”

These grants are in line with the Truist Foundation’s belief that the role of corporate philanthropy includes catalyzing promising solutions that have not yet achieved outcomes and that solutions that have proven effective in one region can and should be scaled elsewhere. By embracing such funding, corporate philanthropy can help nonprofits address emerging societal issues, test hypotheses and maximize positive outcomes, creating greater impact.

To learn more about Truist Foundation’s grantmaking strategy, visit Truist.com/Foundation.

Albertsons Companies’ Southern division team at Tom Thumb in DeSoto, Texas hosted an amazing Juneteenth community celebration! The team partnered with local, Black-owned businesses, brands, musicians, performers and more to showcase the diversity and richness of our culture. 

It was a joy to see our shoppers and associates enjoy grilling inspiration and special tastes of brisket, pulled pork and other delicacies from Ron Bates of Twisted BBQ, live music from Steven Brown Jazz, performances from the 40+ Double Dutch Club, and samples from 10+ local, Black-owned brands like Earl Campbell’s, Glory Foods, and more! Guests also enjoyed samples from Neale’s Sweet N Nice Ice Cream, Luzianne Tea, and Southern Recipe Small Batch. 

We also had the honor of welcoming Dione Sims, the granddaughter of Opal Lee, who is known as the grandmother of Juneteenth and a leader of the movement to make it a federal holiday. 

Thank you to everyone who joined us for this remarkable event and supported our Black-owned vendors.

See original post on LinkedIn and read more about Albertsons Companies and our Recipe for Change on our website.

By Sarah Murray

Originally published by The Financial Times on FT.com

At IBM, the holistic approach extends beyond company walls to deepening the talent well from which it can draw. For example, its SkillsBuild free education programme focuses on communities that have traditionally been under-represented in the tech sector.

And in 2016, IBM began removing the four-year degree requirement from many of its job postings. “We tested it out by hiring people without the four-year degree and they were very successful,” says Nixon-Saintil. “So we now prioritise in-demand skills over specific degrees, and we can get more applicants and talent to fill those roles.”

For Yoshino, the backlash against DEI leaves plenty of room for manoeuvre. “There’s so much that companies can do that travels under the banner of DEI that would still be perfectly legal,” he says. “For chief diversity officers it’s finding that sweet spot.”

But he sees that task as critical. “There are broad irreversible trends in society,” he says. “For me, the writing is on the wall as to how we’re going to have to manage a globally connected society.”

Continue reading here

MIDLAND, Mich., June 24, 2024 /3BL/ – Four Dow (NYSE: DOW) leaders have been honored on INvolve’s Empower Executive Role Model List and Empower Future Leaders Role Model List.

Empower Role Model Lists showcase leaders who are breaking down barriers at work for people of color within global business, representing a wide range of individuals who have made it their personal mission to make a difference. These inspirational leaders are paving the way when it comes to increasing representation and driving inclusion for others within the workplace.

“Leaders are key to creating a more inclusive, diverse and equitable workplace where every member of Team Dow can thrive,” said Alveda J. Williams, Ph.D, Dow chief inclusion officer. “Congratulations to Mauro, Karen, Amit and Shruti. I am proud to call these leaders my colleagues.”

Dow employees selected for the Empower Role Model lists include:

Empower Executives Role Model List

Mauro Gregorio, outgoing president of Performance Materials & Coatings, Latin America oversight, executive sponsor of the Hispanic and Latin Network (HLN)Karen S. Carter, president of Packaging & Specialty Plastics

Empower Future Leaders Role Model List

Amit Shah, product director for Engineered Materials and Elastomers, Dow Consumer SolutionsShruti Bahadur, global leader, Employee Experience and Employee Resource Groups

“I’m so thrilled to be celebrating this global group of trailblazing Executives, Future Leaders and Advocates for people of color in business,” said Suki Sandhu OBE, founder and CEO of INvolve. “All the individuals within these lists are championing inclusion and leveraging their expertise and knowledge to drive impactful initiatives and strategic change within their organizations. It’s vital that people of color across global organizations can succeed and achieve career success, and these Role Models are essential drivers of change who are smashing barriers to progress. We could not effect change without them leading the way.”

Within the last year, Dow employees also achieved recognition on the INvolve Heroes Women Role Model Lists, the inaugural Enable Role Model List and the Outstanding LGBTQ+ Role Model Lists.

About Dow

Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

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For further information, please contact:

Sarah Young 
989-638-6871 
syoung3@dow.com

Global consultancy and digital solutions for all stages of the user life-cycle: sourcing, data management, analytics and reporting.Advising 30+ private equity firms globally and more than 400 portfolio companies representing +$100B assets under management.

LOUISVILLE, Ky., June 24, 2024 /3BL/ – Schneider Electric, a global leader in sustainability, today announced that it has expanded the capabilities of its global private equity and financial services consultancy within its Sustainability Business, which offers comprehensive advisory and software solutions for decarbonization and sustainable value creation for private equity funds, asset managers and other financial institutions.

The expanded global practice is currently partnering with dozens of private equity funds and asset managers, supporting 400 portfolio companies, and advising +$100B assets under management.

The expanded practice focuses on an integrated approach to ESG and sustainability consulting, energy procurement, sustainability solutions and renewable energy, enabled by a strong suite of digital solutions. Specifically, the team partners closely with private equity funds, asset managers and other financial institutions throughout the investment life-cycle – from strategy and fundraising, all the way to exit strategy.

The practice group provides financial institutions with an exclusive opportunity to evaluate and handle financed emissions, monitor ESG performance across diverse assets, facilitate communication with underlying portfolio companies, and spearhead sustainable transformation. Through this unique approach, value creation is driven through ESG transformation and decarbonization, extending to the fund level.

In a recent study conducted by the CFA Institute’s Research & Policy Center, responsible investment funds have gained significant traction over the last decade, further articulating the need for specialized fund-level services through asset managers.

“With the evolving global landscape of ESG, our finance and private equity clients have a unique challenge and opportunity to gain a competitive edge in a way that supports their sustainability objectives,” said Cristy House, North America Lead, Private Equity & Financial Practice. “We’re excited to expand our leading-edge practice to drive even more value and results for our clients through innovative end-to-end energy and solutions that service the financial sector.”

Within the new expansion, there is a greater focus on data management and reporting capabilities that help financial institutions understand and track their portfolio performance and drive impactful engagement strategy. In addition to Schneider Electric’s flagship platform EcoStruxure Resource Advisor®, which announced new ESG capabilities last year, the organization is also working with connected software solutions that drive greater client impact, alongside the newly adopted tools. The collective solution set touts fund-level data aggregation, benchmarking, predictive analytics, and dynamic data requests, specific to the private equity sector. The combined expanded data management and sector-level abilities enables Schneider Electric to meet the unique needs of each client it serves.

“For more than 20 years, our client-first approach to ESG and sustainability has allowed us to stay nimble and value-focused with our solutions,” said Irina Gilfanova, Director, Head of Private Equity Europe. “Our capabilities continue to grow rapidly as the market needs various integrated solutions and flexibility to enable private equity firms to manage their processes, track their commitments, and provide insight into their portfolio performance.” Over the years, Schneider Electric has had multiple collaborations, partnerships, and acquisitions to deliver best-in-class sustainability solutions.

Schneider’s Sustainability Business has a long-standing history with flagship financial institutions across the financial services sector. The company has been listed among the most Sustainable Corporations worldwide for the 13th time in a row, according to Corporate Knights’ 2024 Global 100, and listed as a Sustainability Leader for the 13th year in a row in the Dow Jones Sustainability World Index.

Learn more here.

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About Schneider Electric

Schneider’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software, and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com

Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on Schneider Electric Insights.

Junior Achievement of New Mexico is celebrating a 230% expansion of its program to bring financial and career readiness curriculum to more Indigenous students. A $98,000 grant from Marathon Petroleum Corporation allowed the nonprofit to expand to more schools where Indigenous students represent at least 30% of the enrollment. The nonprofit’s Indigenous Student Outreach Program served 1,491 students in 2023-24, up from 648 the year before.

The magnitude of the work done in schools by Junior Achievement (JA) of New Mexico can be seen in this note from a student: “Thank you for your help with what I want to be when I grow up. I also want to thank you for giving me more confidence to graduate high school.”

This student took part in the recent ‘JA in a Day’ event at Tres Volcanes Community Collaborative School (TVCCS) in Albuquerque. It showcased one way JA pursues its core objective of introducing K-12 students to the fundamentals of financial literacy, career readiness and entrepreneurship to better equip them for the future. ‘JA in a Day’ involves joining with educators and local volunteers to bring an entire, five-session JA curriculum to every student at a school in one day.

“Thank you for your help with what I want to be when I grow up. I also want to thank you for giving me more confidence to graduate high school.”

JA of New Mexico also used the Albuquerque event to celebrate the expansion of its Indigenous Student Outreach Program through a $98,000 grant from Marathon Petroleum Corporation (MPC), which was spread across the 2022-2023 and 2023-2024 school years.

“Prior to working with MPC, we didn’t have the funding or organizational capacity to gather data or expand outreach to educators working with Indigenous students,” said JA of New Mexico President Erin Hagenow. “With this funding, we have been able to build a full Indigenous Student Outreach Program.”

In the 2022-23 school year, JA of New Mexico served 648 students at schools where Indigenous students represent at least 30% of the population. In 2023-24, the number of students served at such schools grew 230% to 1,491. TVCCS is an example of this growth. Not only are Indigenous students 30% of the K-8 school’s enrollment, TVCCS also has a Diné Language and Culture Program, which focuses on the native language of the Navajo Nation.

MPC’s support for JA of New Mexico goes beyond funding to involve MPC employee volunteers who help present JA curriculum. During the event at TVCCS, Principal Stakeholder Engagement Manager Robert Doore, Principal Right-of-Way Specialist Michelle Gaillour and Albuquerque Light Product and Asphalt Terminals Manager Will Foster provided lessons to second, third and fourth-grade students. Board games and other instructional tools were used to explain concepts such as profit and loss in building a business, problem-solving, how to manage money and the process of applying for jobs.

“It was rewarding to see students really begin to grasp the material and understand more about possible pathways for their futures,” said Doore, who is a member of the Blackfeet Nation. “I’m proud that we are bringing this kind of education to more Indigenous student populations that may have had very little exposure to it in the past.”

Time for some fun as we harness the Ohio sun.

Enbridge, project partner EDF Renewables in North America and guests are celebrating today in Madison County, Ohio, with a ribbon cutting ceremony for the recently completed first phase of Fox Squirrel Solar.

It’s one of the largest utility-scale solar developments east of the Mississippi—1.4 million panels and 159 inverters; and peak construction that required 650 workers safely installing 10,000 panels a day.

During the event, Amazon announced it has entered into power purchase agreements for the full generation capacity, which will help contribute to Amazon’s commitment to match all of the electricity used by its operations with 100% renewable energy by 2030. The company is currently on a path to meet its goal by 2025.

As renewable energy commitments are increasingly embraced by corporations, solar projects like Fox Squirrel will help the state of Ohio realize its continuing commitment to attract business and nurture economic growth in the state.

Thomas Carbone, Enbridge’s vice president of power business development, told the crowd that Enbridge is pleased and grateful to grow its presence in the Buckeye State, amid an ongoing expansion of our renewables business.

“Fox Squirrel is a key part of our commitment to the energy transition and our plans to continue to invest in these types of projects,” Carbone said. “We look forward to working closely with all of you as we advance construction on Phases 2 and 3.”

The initial phase of Fox Squirrel has a generation capacity of 150 megawatts (MW) of solar energy. F Phase 2 is expected to be operational in mid-2024 and will generate up to 250 MW, while Phase 3 is expected to enter service in late 2024 and generate up to 177 MW.

The project extends the longstanding partnership between Enbridge and EDF Renewables that began with four wind projects in Canada 12 years ago. The growing Enbridge-EDF portfolio also includes several offshore wind projects in France.

“I am so pleased at how far we’ve come on this journey with our partners, EDF Renewables, and all we’ve achieved together,” said Carbone.

Enbridge is firmly planted in Ohio, with operations now representing every part of our business in the state—renewable power (Fox Squirrel and the Wheelersburg Solar project), liquids pipelines (Line 17, a.k.a. the Toledo Pipeline), natural gas transmission pipelines (Texas Eastern, NEXUS and Generation), and gas utilities (Enbridge Gas Ohio).

Solar power can generate electricity with no emissions, no waste production and no water use. We entered the solar business in southwestern Ontario in 2008 and continue to build our solar portfolio with several new projects – like Fox Squirrel – that are either operating or in development.

In all, the number of homes our solar investments can power each year has surpassed 45,000, based on net generation figures, which exclude our partners’ stake in projects.