Tag: 3BL

MONTREAL, February 16, 2024 /3BL/ – Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is pleased to share that it has been included in CDP’s Leadership band for its 2023 climate change disclosures for the fourth time. In addition, Gildan was also included in the Sustainability Yearbook 2024 by S&P Global for the 12th consecutive year, based on S&P Global’s Corporate Sustainability Assessment (CSA) in 2023.

“Gildan’s inclusions in CDP’s Leadership band and the S&P Global’s Sustainability Yearbook highlight the Company’s strong commitment to sustainable practices,” said Vince Tyra, President and CEO of Gildan. “I am impressed by the breadth and depth of the Company’s ESG efforts and proud that Gildan continues to be recognized by these important organizations for our ongoing efforts to make apparel with respect.”

“These recognitions are the result of the extensive work to drive our Next Generation ESG strategy across our entire operations,” said Peter Iliopoulos, Senior Vice-President of Taxation, Sustainability, and Governmental Affairs at Gildan. “I am proud of the dedication and commitment of our people around the world who are further integrating ESG across our business operations, as one of the key drivers of Gildan’s success.”

CDP’s 2023 Climate Change Disclosure – Gildan received an A- for its climate change disclosure in 2023, placing the Company in CDP’s Leadership band and above the apparel design sector average of B. The Company is among the 30% of organizations included in the group that reached the Leadership level.1 Specifically, Gildan was a top performer on its Scope 1 and 2 GHG emission performance, risk management processes, risk and opportunity disclosures, and emission reduction initiatives. CDP is a global non-profit charity that runs the global environmental disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. Over 23,000 organizations around the world disclosed data through CDP in 2023.

Click here to explore the scores. 

S&P Global’s Sustainability Yearbook 2024 – Gildan was included by S&P Global as a Sustainability Yearbook member based on its 2023 CSA score. The Company was one of six companies in the Textiles, Apparel, and Luxury Goods industry sector included this year, and the only North American company recognized in this industry sector. The Yearbook is a comprehensive report distinguishing some of the world’s leading companies for their demonstrated sustainability initiatives and practices. Inclusion in the Yearbook is based on the S&P Global 2023 CSA scores, which uses a rigorous methodology to determine companies’ sustainability performance. To be listed, an organization must score within the top 15% of their industry and must achieve a CSA score within 30% of their industry’s top-performers. As of December 22, 2023, only 8% of companies made the CSA Yearbook, out of the 9,400 companies considered for inclusion.

Click here to explore the scores.

1. Specific to climate change.

About Gildan

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, and Peds®.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, the United States, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company’s long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com.

Investor inquiries:

Jessy Hayem, CFA 
Vice-President, Head of Investor Relations 
(514) 744-8511 
jhayem@gildan.com

Media inquiries:

Genevieve Gosselin 
Director, Global Communications and Corporate Marketing 
(514) 343-8814 
ggosselin@gildan.com

MONTREAL, February 16, 2024 /3BL/ – Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is pleased to share that it has been included in CDP’s Leadership band for its 2023 climate change disclosures for the fourth time. In addition, Gildan was also included in the Sustainability Yearbook 2024 by S&P Global for the 12th consecutive year, based on S&P Global’s Corporate Sustainability Assessment (CSA) in 2023.

“Gildan’s inclusions in CDP’s Leadership band and the S&P Global’s Sustainability Yearbook highlight the Company’s strong commitment to sustainable practices,” said Vince Tyra, President and CEO of Gildan. “I am impressed by the breadth and depth of the Company’s ESG efforts and proud that Gildan continues to be recognized by these important organizations for our ongoing efforts to make apparel with respect.”

“These recognitions are the result of the extensive work to drive our Next Generation ESG strategy across our entire operations,” said Peter Iliopoulos, Senior Vice-President of Taxation, Sustainability, and Governmental Affairs at Gildan. “I am proud of the dedication and commitment of our people around the world who are further integrating ESG across our business operations, as one of the key drivers of Gildan’s success.”

CDP’s 2023 Climate Change Disclosure – Gildan received an A- for its climate change disclosure in 2023, placing the Company in CDP’s Leadership band and above the apparel design sector average of B. The Company is among the 30% of organizations included in the group that reached the Leadership level.1 Specifically, Gildan was a top performer on its Scope 1 and 2 GHG emission performance, risk management processes, risk and opportunity disclosures, and emission reduction initiatives. CDP is a global non-profit charity that runs the global environmental disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. Over 23,000 organizations around the world disclosed data through CDP in 2023.

Click here to explore the scores. 

S&P Global’s Sustainability Yearbook 2024 – Gildan was included by S&P Global as a Sustainability Yearbook member based on its 2023 CSA score. The Company was one of six companies in the Textiles, Apparel, and Luxury Goods industry sector included this year, and the only North American company recognized in this industry sector. The Yearbook is a comprehensive report distinguishing some of the world’s leading companies for their demonstrated sustainability initiatives and practices. Inclusion in the Yearbook is based on the S&P Global 2023 CSA scores, which uses a rigorous methodology to determine companies’ sustainability performance. To be listed, an organization must score within the top 15% of their industry and must achieve a CSA score within 30% of their industry’s top-performers. As of December 22, 2023, only 8% of companies made the CSA Yearbook, out of the 9,400 companies considered for inclusion.

Click here to explore the scores.

1. Specific to climate change.

About Gildan

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, and Peds®.

Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, the United States, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company’s long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com.

Investor inquiries:

Jessy Hayem, CFA 
Vice-President, Head of Investor Relations 
(514) 744-8511 
jhayem@gildan.com

Media inquiries:

Genevieve Gosselin 
Director, Global Communications and Corporate Marketing 
(514) 343-8814 
ggosselin@gildan.com

Originally published on LinkedIn

During the second annual Summit on Disability, Paramount proudly shared the launch of its newest employee resource group: Adapt.

Adapt is committed to:

Advocating for disability inclusion & ensuring it’s at the forefront of DEI effortsCreating a community for people with disabilities to guarantee they are successful in their rolesEnsuring programs & tools are accessible to all employeesInclusive hiring & retention practicesTraining & education on how to support people with disabilitiesAuthentic representation in our content

At Paramount, employees are dedicated to a culture of inclusion that honors everyone. The Summit on Disability brings together thought leaders, advocates, and experts from diverse fields to drive actionable change in the realm of disability inclusion.

Thank you to all the Paramount colleagues who worked tirelessly to launch Adapt and host this year’s Summit on Disability. By educating, engaging, and empowering, employees worldwide benefit greatly from this supportive community.

#weareparamount

Originally published on LinkedIn

During the second annual Summit on Disability, Paramount proudly shared the launch of its newest employee resource group: Adapt.

Adapt is committed to:

Advocating for disability inclusion & ensuring it’s at the forefront of DEI effortsCreating a community for people with disabilities to guarantee they are successful in their rolesEnsuring programs & tools are accessible to all employeesInclusive hiring & retention practicesTraining & education on how to support people with disabilitiesAuthentic representation in our content

At Paramount, employees are dedicated to a culture of inclusion that honors everyone. The Summit on Disability brings together thought leaders, advocates, and experts from diverse fields to drive actionable change in the realm of disability inclusion.

Thank you to all the Paramount colleagues who worked tirelessly to launch Adapt and host this year’s Summit on Disability. By educating, engaging, and empowering, employees worldwide benefit greatly from this supportive community.

#weareparamount

Mandi McReynolds looks back on her conversation on the value of collaboration in ESG with Noel Kinder, chief sustainability officer at Nike, and Brian Matt, head of ESG advisory at the New York Stock Exchange. Listen in as the trio discusses ESG’s role as a catalyst for product innovation, and explores the value of collaboration and how we can learn from each other to address the biggest challenges of our time.

Listen Now

Looking for more? Subscribe to the ESG Talk podcast on Apple, Spotify, Google, and YouTube.

Originally published on NRG Energy Insights

By NRG Editorial Voices

As we celebrate Black History Month, we’re reminded of the strength, resilience, and exceptional achievements of the Black community. This month provides an opportunity to listen and learn from the narratives that have shaped history and continue to influence our present.

To highlight Black excellence in our community, we interviewed two of our partners to share their successes and acknowledge the difference their hard work is making throughout Houston.

Bread of Life, Inc.

Bread of Life is a nonprofit founded in 1992 by Pastors Rudy and Juanita Rasmus with the initial purpose of feeding Houston’s unhoused population. The organization quickly evolved to offer a range of services and support to aid underserved communities. Bread of Life provides services that promote a sense of love, hope, dignity, and belonging throughout the community.

We support Bread of Life through volunteering and monetary donations. Our teammates frequently give their time at Bread of Life to aid their staff and further our mission of strengthening food security in our communities. In 2023, we submitted Bread of Life for the Houston Chronicle’s Houston Gives Charity Ad Giveaway, a program that distributes up to $1 million in advertising value among various local non-profits, to spotlight their work and achievements

Dr. Monique Williams, Chief Advancement Officer at Bread of Life, gave us more insight into the organization’s mission and impact.

Could you share the core mission of Bread of Life and how it addresses the unique needs and challenges faced by Black communities?

“The heart of our mission has always been bridging the gap of food insecurity. We provide resources for those who are food insecure, and this began with one hot meal over 30 years ago that morphed into 500 hot meals nearly every day for 20 years.

“When you do that specific work for that long, you begin to learn your community. Unfortunately, over half the unhoused population in Houston is made up of African-American individuals, so any work we do touches our community.”

How has collaboration with NRG allowed Bread of Life to extend its reach and impact?

“We’ve been around for 31 years in the heart of Houston, and there are still far too many people who don’t know who we are and what we do. Using this gift [NRG’s nomination] with the Houston Chronicle [Houston Give charity ad], we’re going to be able to tell our story and hopefully get that story into the hands of not only those who want to give more, but also those who are in desperate need of receiving more.”

Are there specific success stories or achievements from Bread of Life that stand out as particularly meaningful during Black History Month?

“We became a sub-grantee of the Bezos Day One Fund given to us through the Coalition for the Homeless. This grant is digging into the behavioral and mental health support of families. The issue of behavioral and mental health support for the African-American community is such a great need. We’re excited about expanding from the physical support we give to looking at the whole person.”

Pushin Watts

Pushin Watts started in 2018 in founder Rodric Allen’s condo in Thailand, where he developed the idea of bringing a boutique feel to the cycling industry. Allen wanted customers to feel the apparel and try it on before purchasing to ensure that they were satisfied with the item. In 2021, after selling online during the pandemic, he opened a storefront in Katy, TX.

In addition to providing cycling gear, Pushin Watts supports the community through initiatives such as teaching children bicycle safety and working with nonprofits. Pushin Watts is also producing special cycling jerseys to mark the 20th anniversary of the NRG Cycling Team’s participation in the MS 150 Bike Tour.

Allen shared more about his company and their impact in the community.

How has the legacy of Black entrepreneurs and business leaders influenced the mission and values of Pushin Watts?

“Black entrepreneurship paved the way for me to do what I’m doing. For instance, let’s take Dapper Dan, a Black entrepreneur and high-profile fashion designer. I do a lot on the fashion side, so understanding his story motivated me to say, ‘Let me play in this arena of cycling, but let me do it from the perspective of Dapper Dan.’ Seeing that legacy and having those leaders influence me gave me an idea of ‘it’s possible.’”

How do you see diversity driving innovation within sports apparel and what role does Pushin Watts play in shaping this narrative?

“Cycling was a predominantly white sport. Now we’re getting to this space where it’s becoming more inclusive. During COVID, there was an implosion of new cyclists, most of whom were people of color. USA Cycling created a DEI program because they saw this influx and noticed that there are opportunities within other cultures to do cycling a different way.

“We’re trying to push the narrative toward letting people know there’s more than just traditional cyclists. There are enthusiasts, hobbyists, people who want to ride and be fit, and the people who just need to get from point A to point B.”

Are there any notable achievements or milestones at Pushin Watts that align with the spirit of Black History Month?

“Being minority-owned is one thing in Black excellence. Another is that we were associated with a few local bike rides in Houston. One was the Black Wall Street 100. There are survivors of the Tulsa Massacre here in Houston, and we were hosting that ride for their benefit.

“We were also the affiliated sponsor for an event hosted by the District One Commissioner of Missouri City, Rodney Ellis. He hosted that bike rally in support of Black History, and they gave me an opportunity to host the event alone this year.”

Lift every voice

Black History Month is a call for us all, regardless of our backgrounds, to join the conversation about diversity and empowerment. It’s an invitation to learn, listen, and take action. Let’s celebrate the achievements of Black communities and reflect on how we can contribute to a more inclusive and equitable future.

By Jan Hofman

Regions is dedicated to continuous learning in a variety of areas, including how we the bank can support individuals with disabilities. A great example is a recent program executed by the Birmingham DEI Network honoring National Disability Employment Awareness Month.

The Alabama Department of Rehabilitation Services (ADRS) provided virtual training on how to make workplaces more inclusive for individuals with neurodiversity.

In addition, Kathy Lovell, Regions Disability Outreach and Services manager, interviewed John Kemp, CEO of the Lakeshore Foundation.

The Lakeshore Foundation is a nonprofit whose mission is to provide opportunities for individuals with disability to live a healthy lifestyle through physical activity, research, advocacy and health promotion.

The audience learned that in addition to being instrumental in the creation of the American with Disabilities Act and writing a book, “Disability Friendly: How to Go From Clueless to Inclusive,” Mr. Kemp had a near-space experience as part of a NASA program to make space more inclusive.

Hinton Taylor, Strategic Planning Business Partner and a member of the Birmingham DEI Network, attended the discussion with John Kemp. “I very much appreciated John Kemp’s comments about being disabled versus being handicapped,” said Hinton. “We speak a lot internally about ‘focus on what you can control,’ and John has created an amazing platform focusing on those items he can control and not being distracted by those he can’t.”

Regions’ DEI Networks are associate-led groups established to help build deeper connections, greater understanding and a stronger sense of belonging among associates.

Regions DEI Areas of Impact

DEI activities at Regions are focused on three areas of impact: workforce, workplace and marketplace.

Workforce: View inclusion as a competitive advantage, with the goal of attracting, developing, and retaining talent.Workplace: Create and maintain a work environment that is inclusive, and where associates are encouraged to collaborate across differences.Marketplace: Leverage our DEI and social responsibility focus to strengthen our relationships with communities, clients, customers, and external stakeholders.

About the Author:

Jan Hofman is a member of the Birmingham DEI Network Leadership Team and a Community Engagement Analyst.

Bring Your Whole Self to Work 
We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Today KeyBank held a grand opening and ribbon cutting for its new, full-service, state-of-the-art branch in Erie, PA. The new Downtown Erie branch is located at 1401 State Street and several leaders from KeyBank and Erie attended the celebration.

“On behalf of everyone at Key, I want to share how excited we are about the opportunity this new branch provides for us to become a pillar of downtown Erie, deepening relationships within the region,” said Victor Laurenza, KeyBank Western PA Market President. “We look forward to working more closely with our neighbors, clients and community partners.”

Our clients will benefit from the new, superior location in many ways:

It’s convenient, in the heart of a vibrant areaIt’s highly visible and accessible at a major intersectionThe new branch will have private offices, an after-hours depository, and plenty of free parkingThis new location is ADA compliant, improving accessibility for both current and new clients

As part of the grand opening, the KeyBank Foundation donated $5,000 to Crime Victim Center of Erie County. This grant will support the center’s mission of reducing crime and the impact of crime, including sexual violence, through counseling, prevention education and advocacy.

“Receiving funds from KeyBank is more than just financial support; it is an investment in the restoration of hope and healing at Crime Victim Center of Erie County,” said Paul A. Lukach, MSW LSW, Executive Director of Crime Victim Center of Erie County. “With Key’s generous contribution, we can amplify our efforts to provide critical services for survivors of crime, ensuring that no one stands alone in their journey towards recovery. This partnership not only sustains our mission but also empowers us to be a beacon of support, guiding victims from despair to resilience. Together with KeyBank, we forge a path towards a community where every individual finds strength, solace and the promise of a brighter tomorrow.”

In addition to helping individuals and families achieve their financial goals, the new Erie branch is also serving clients seeking to develop and grow businesses in the area.

As part of the opening of this new branch, KeyBank closed its 8th and State branch located at 801 State St. Erie, PA 16501.

Clients do not need to take any action as all accounts will be transferred automatically to the new location. They can continue to bank at any KeyBank location they choose.

About KeyCorp

KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $188 billion at December 31, 2023.

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 is Member FDIC.

CFMA# 240118-2408578

Eaton to add 300 skilled manufacturing jobs in SantiagoRecent Eaton investments in North American manufacturing total almost $750 million

SANTIAGO, Dominican Republic, February 16, 2024 /3BL/ – Intelligent power management company Eaton is opening a new assembly plant in Santiago de los Caballeros, the company’s fifth manufacturing site in the Dominican Republic, to meet growing customer demand for its fuses. The project will increase supplies of Eaton’s Bussmann series fuses, which provide critical safety functionality in electric vehicles (EVs), renewable and energy storage projects, data center as well as other industrial applications. Production at the new facility is expected to begin in 2024.

Demand for Eaton’s electrical solutions is growing amid the biggest changes to energy systems in over a century as the world shifts to more sustainable energy supplies, transportation electrifies and the growth of cloud-based technologies booms. To increase supplies of its fuses, Eaton is building a new 65,000 square-foot, state-of-the-art assembly plant in the Santiago province and creating approximately 300 manufacturing jobs. 

“This is the latest expansion of Eaton’s manufacturing capacity to help provide the products that are at the center of the energy transformation that is happening across the globe,” said Rob Griffin, vice president and general manager, Eaton’s Bussmann Division. “Eaton’s Bussmann fuses are critical to provide safe and reliable power in electric vehicles, renewable energy, energy storage systems and data centers across the globe. The Eaton Santiago facility will assemble and package fuses and fuse accessories that are used in these applications.”

Eaton has operated in the Dominican Republic for more than 35 years and is one of the country’s largest manufacturers. Recently, the company opened the first industry design center in the Dominican Republic, creating a hub for technical innovation and advancing industry education and training in the country.

“We value and appreciate the strong commitment that Eaton has with the Dominican Republic,” said Minister Victor Bisonó – Industry, Commerce and Micro, Small and Medium Enterprises (MSMEs). “We welcome their expansion and continued promotion of productive research and innovation. Eaton contributes to the strengthening of our human talent and has a lasting social impact in our communities.”

Eaton’s new location in Santiago is part of the company’s investment in North American manufacturing. In 2023, Eaton announced nearly $750M in investments to increase manufacturing capacity for electrical assemblies including switchgear, switchboards and circuit breakers; EV charging technology, transformers, voltage regulators and more; as well as underground protective connectors for the electric grid.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come. 

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit Eaton.com. Follow us on LinkedIn.

Contact:

Kristin Somers
+1.919.345.3714
Kristincsomers@eaton.com

Electric vehicles (EVs) are transforming the mobility experience in corporate fleet management. A great example is the partnership between Mercedes-Benz and SAP where the companies are both customers and vendors to each other. Mercedes-Benz is using SAP solutions to digitalize its omnichannel buying experience, and SAP is the first customer using its own technology to manage the company’s vehicle fleet in Germany.

As longtime partners, SAP and Mercedes-Benz have a history of shared knowledge for mutual competitive advantage. The fleet management program is grounded in the companies’ similar business philosophies and product road maps.

Mercedes-Benz has committed to move the company’s B2B business to 100% digital and plans to sell 25% of all new cars online by 2025. The company selected SAP Commerce Cloud to help support this mission. It will create a future-proof composable commerce portfolio designed to reliably power the company’s digital strategy, including a standardized offering across different markets. It will also simplify processes and reduce time-to-market.

Benefits of Digitalized Fleet Management

From the SAP employee’s perspective, ordering a company EV couldn’t be simpler. Instead of time-consuming manual research and back and forth communication with the car dealer, employees can use the guided buying capability in SAP Ariba solutions to order the EV they want directly from the Mercedes-Benz online catalog. They can choose the features they want, such as car make and model, color, and equipment packages, within SAP’s pre-set guidelines.

“The car configurator automates the EV selection process end-to-end, eliminating manual steps and saving time while providing the employee with a highly personalized experience,” said Steffen Krautwasser, head of SAP’s global car fleet. “Automating the approval process assures data consistency and eliminates the need for manual quality checks.”

There’s a tremendous convenience factor in captured EV data as well. In one pilot program for select EVs in SAP’s fleet, the digital twin will automatically track mileage. Drivers will no longer need to manually enter mileage every time they recharge, and SAP can use this data to better manage the fleet.

Connected Data Drives Sustainable Business

Once ordered, EVs are tracked as assets in SAP’s financial system. After delivery, SAP Digital Vehicle Suite creates a digital twin that can capture relevant, secure data across the EV’s lifetime. SAP’s fleet management team can track CO2 emissions based on green energy usage, mileage, and the number of vehicles on the road. Krautwasser envisioned reporting this data to support the company’s global sustainability commitments.

“Performance data from the EV digital twin can help corporate fleet managers guide employees in choosing the best vehicle for their driving needs,” said Krautwasser. “Over time, drivers can better understand travel ranges between charges.” Data is expected to help address so-called range anxiety, alerting EV drivers when their vehicle needs a charge and, most important, where to recharge. Mercedes-Benz is investing in charging infrastructure to create an ecosystem that would be integrated with public and private charge point providers in the U.S., China, and Europe.

The partnership also reflects a shared commitment to sustainability. Mercedes-Benz has committed to become carbon neutral by 2038, and transition to 100% electric vehicles by 2030 wherever possible. SAP is transitioning the company’s vehicle fleet for employees in Germany to all EVs by 2025 as part of its corporate commitment to be carbon neutral by 2030.

Omnichannel Is Fastest Path to Customer Love

The digital experience is extremely important for customers who expect convenience and quality. Organizations in many industries have shifted to an omnichannel strategy that offers people their preferred experience, whether online or in-person, building brand loyalty and repeat business.

“We want to provide a seamless journey for employees as they research, select, purchase, and enjoy their vehicle,” said Krautwasser. “The most exciting part of our EV fleet management strategy is how we can use our knowledge to enhance the employee experience. Through data and digital services, we can get closer to our employees and act quickly based on their feedback, making improvements and introducing new offerings that keep us on top of trends and support SAP’s sustainability commitment.”

EVs represent a profound business model shift for the entire automotive supply chain as automakers sell direct to customers, provide digital services from vehicle data, and explore new revenue opportunities. It’s clear that Mercedes-Benz and SAP are going the distance for a sustainable and satisfying driving experience.

Susan Galer is a communications director at SAP. Follow her @smgaler.