Tag: 3BL

Charger Solution program helps customers avoid upfront EV charger costs while paying a low monthly feeThe utility’s comprehensive North Carolina electric vehicle customer programs help streamline EV transition 

CHARLOTTE, N.C., February 13, 2024 /3BL/ – As the pace of electric vehicle (EV) adoption accelerates nationwide, Duke Energy has launched an EV charger rental program in North Carolina that enables residential and business customers to lease an EV charger from the company at a low monthly cost, which covers hardware, warranty and maintenance.

The Charger Solution program – approved by the North Carolina Utilities Commission last August – offers customers a wide range of charger options and guides customers through the selection process when evaluating charging station options.

 “Duke Energy continues to prepare for the electric vehicle transition, as more customers consider and choose EVs,” said Kendal Bowman, Duke Energy North Carolina president. “By offering a variety of charger solutions, we hope our customers feel confident that they have a choice to fit their needs, with the reassurance they can rely on our expertise for maintenance.”

Simplified charging options for home and business 

Designed for customers who may not want to pay the upfront cost of purchasing a charger but still want the convenience of faster charging, the program enables customers to select from a number of chargers based on their individual preference, lifestyle or business needs.

Residential options start at around $14 per month and include a three-year rental term for a Level 2 charger, which can typically fully recharge an all-electric vehicle within eight to ten hours. Non-residential options vary based on the charger and include a four-year rental term for a Level 2 charger or a seven-year rental term for a DC Fast Charger.  

For non-residential customers – which includes businesses and multifamily dwellings – the program helps maximize reliability and efficiency by eliminating the hassle that can come with maintaining a charger. It also allows these customers to highlight chargers as an amenity without the typical initial capital outlay. 

Electrification in the Fastlane  

Duke Energy’s Charger Solution program supports the state’s clean energy goals, including 1.25 million EVs in North Carolina by 2030. Its launch comes on the heels of a successful first year for the company’s Charger Prep Credit program, which has helped more than 6,000 North Carolinians prepare for a Level 2 charger by providing a credit to help defray the cost to upgrade their existing electrical infrastructure at their home or business.  

The complementary Charger Solution and Charger Prep Credit programs are part of Duke Energy’s ‘EV Complete’ suite of customer program offerings in North Carolina. Together, they can help streamline the transition to an EV for customers by preparing the home for a charger and simplifying the decision-making process.  

As part of what will eventually be a managed charging suite of offerings, Duke Energy also launched a 12-month EV charging subscription pilot program last September in North Carolina – the Home Charging Plan. The pilot allows enrolled residential customers in the state to charge an EV at home for up to 800 kilowatt hours (kWh) per month for a fixed monthly fee. Participating customers allow Duke Energy to manage charging through their automaker app and participate in periodic demand response events.

Periodic demand response events will help Duke Energy operate the grid more effectively by shifting demand on the grid to hours of the day where clean energy supply is more available or cost effective for customers. The subscription pilot – which generated high participation interest – is currently closed to new enrollments in North Carolina.

North Carolina is the first Duke Energy service territory where the company has implemented three core EV customer programs designed to help customers make a seamless transition to electric. Access to the complete ecosystem of offerings, not only helps customers but also allows the company to better manage electrical demand across the grid and drive affordable, reliable and clean energy for all customers.

“We develop our EV programs the same way we do all of our programs – with a customer-focused approach intended to serve their individual and business needs and lifestyles by offering a menu of options,” said Lon Huber, senior vice president of pricing and customer solutions. “A variety of programs not only benefits our customers, but it helps Duke Energy provide the reliability that our customers count on every day.”

Duke Energy has efforts underway to file for regulatory approval of similar programs across all its service areas. In total, the company has 17 active and approved EV programs and two pending approval.

For more information on Duke Energy EV programs in North Carolina, visit EV Program Guide (duke-energy.com)

Duke Energy  
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,600 people.

Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2023 “World’s Most Admired Companies” list and Forbes’ “World’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Media contact: Logan Kureczka 
Media line: 800.559.3853

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ALEXANDRIA, Va., February 13, 2024 /3BL/ – The Responsible Minerals Initiative (RMI) of the Responsible Business Alliance (RBA) today announced the launch of the RMI Investor Network to advance responsible sourcing and further engage institutional investors crucial to the renewable energy transition.

The RMI is the largest industry association in the minerals space working to address responsible mineral sourcing issues in industry supply chains. The RMI provides companies with a full ecosystem that includes due diligence tools and assurance and helps companies make responsible sourcing decisions to improve regulatory compliance and source all minerals responsibly, including from conflict-affected and high-risk areas (CAHRAs).

Many institutional investors would like to work with downstream companies to drive environmental, social and corporate governance changes upstream in the mining and smelting sectors, across geographies, but lack the necessary tools, expertise and connections. By joining the RMI Investor Network, participants gain access to world-class due diligence tools and standards, and collaborative opportunities with the RMI and its more than 500 company members.

Participants in the RMI Investor Network have access to:

The Material Insights Platform: Investors can gain ESG risk insights on more than 40 materials and components, a navigator tool for standards, a Materials Global Risk Map, and Mitigation Initiative mapping.The Risk Readiness Assessment (RRA): Investors can evaluate companies’ alignment with 33 ESG criteria over time using a self-assessment tool aligned with RMI ESG standards.Global Risk Map: Investors can identify supply chain risks with four risk bands (low, medium, high, extreme), providing information on CAHRAs and ESG risks at national and subnational levels.Policy Webinars: Investors can participate in roundtables and policy webinars to stay informed on laws and regulations impacting the minerals sector and electronics industry.Dedicated Working Group: Investors can collaborate with the largest industry association in the minerals sector by participating in an RMI working group dedicated to institutional investors.

“The RMI Investor Network is another pivotal step in promoting responsible mining and mineral sourcing worldwide, to help shape a sustainable, ethical future for global supply chains,” said Jennifer Peyser, Executive Director of the Responsible Minerals Initiative. “Institutional investors are also key stakeholders and supporters of the transition to renewable energy, and we are pleased to provide them with salient resources to advance their goals.”

“Good responsible investment practice means investors engaging their portfolio companies and working more closely with industry players on systemic ESG issues that matter,” said Paul Chandler, Director of Stewardship at the Principles for Responsible Investment, a UN-supported initiative. “The PRI welcomes the improved access, and the opportunity to develop best practice, that this development from the newly created RMI Investor Network entails.” 

Institutional investors can learn more about the benefits of the RMI Investor Network and start the application process here on the RMI website, and can contact the RMI Investor Network Team at rmi@responsiblebusiness.org with additional questions.

About the Responsible Minerals Initiative 
The Responsible Minerals Initiative (RMI) is an initiative of the Responsible Business Alliance (RBA). The RMI is a multi-industry initiative with more than 500 member companies. Its members contribute to the development and international uptake of a range of tools and resources focused on minerals supply chain due diligence, including independent third-party audit programs for smelters, Minerals Reporting Templates, supply chain risk assessment tools, Country of Origin data, and guidance documents on responsible sourcing of all minerals/metals. The RMI runs regular workshops on responsible sourcing issues and contributes to policy development with civil society organizations and governments. For more information, visit ResponsibleMineralsInitiative.org

Media Contact 
Jarrett Bens, Senior Director of Communications 
Responsible Business Alliance 
Phone: +1 571.858.5721 
jbens@responsiblebusiness.org

Long-time liver specialist Carrie Frenette says she won’t ever forget the people she treated for hepatitis C (HCV) before 2013 – the year that the Food and Drug Administration (FDA) approved a Gilead medicine. The medicine was the first curative therapy for HCV.

“More than a decade ago, treatment options were not only limited but were often associated with harsh side effects,” says Carrie, who after two decades of being a clinician now works at Gilead as Executive Director, Global Medical Affairs, Liver Diseases.

“My patients had been through so much living with the virus and now they were finally cured,” she continues. “One man felt he could finally date and even marry and have a family. It really helped transform lives.”

Since 2013, more curative therapies have become available and have helped revolutionize the care of those living with chronic HCV around the world. Today, 95% or more of those treated are cured, whereas cure rates varied for prior treatments that were available.

The Innovation Behind the Cure 
As pioneers in antiviral development, scientists at Gilead had devoted more than a decade in the labs investigating potential treatments for HCV. They tested multiple compounds in parallel and eventually acquired a compound that worked well with the other compounds.

“Everybody anticipated the antiviral would impact lives, but I don’t think they realized just how transformative it would be,” says Bruce Kreter, Executive Director, Global Medical Affairs, HCV, who started at Gilead a year before the FDA’s approval of the therapy.

Gilead researchers went on to develop three more curative therapies. In the 10 years since the initial FDA approval and subsequent approvals in other countries, more than 4 million people globally have been treated with Gilead’s HCV medicines. In total, according to the World Health Organization (WHO), more than 10 million people worldwide have been cured of HCV.

“Once considered a virtual death sentence, today most people living with chronic HCV can be cured through a prescription from a primary care provider,” says Carrie, noting how meaningful it has been for both patients and clinicians to finally have highly effective options.

From Cure to Elimination by 2030 
Today, the antiviral therapy is approved in nearly 100 countries and is considered an Essential Medicine by the WHO. Still, despite now having a cure, some 55 million people across the globe are living with HCV. In the United States, it’s estimated that 2 to 4 million individuals carry the virus but have yet to be diagnosed or treated.

Gilead has been working for years with governments in regions of high prevalence to provide low-cost treatment to some of the most vulnerable populations and disproportionately impacted countries. For example, in Egypt, where millions were living with HCV, Gilead was part of a successful effort to screen 50 million people and treat 4 million. This helped Egypt become the first country to be on the path to completely eliminate HCV.

Scientists are now focused on the once-unimaginable prospect of eliminating the disease around the globe.

“Elimination was beyond any aspiration in 2013 when we launched the antiviral,” Bruce says. “At that time, it was a big maybe. Now, here we are 10 years later with curative therapies and we’re directly supporting the WHO’s plan for elimination by 2030. The field has evolved very quickly.”

While the elimination goals may seem ambitious, Gilead’s work serves as a reminder of how far the field has come in 10 years. “You can work your whole life and never develop a cure,” says Bruce, noting that Gilead is continuing to pursue research into a potential functional cure for hepatitis B. “Gilead got to a cure for HCV in less than three decades and we aren’t going to be satisfied until we get to elimination, too.”

Veeva job code: IHQ–UNB–5281 | January 2024

Originally published by Gilead Sciences

Chemours, a global company committed to making its chemistry as responsible as it is essential, and the Georgia 4-H Foundation, a unit of the University of Georgia College of Agricultural and Environmental Sciences Cooperative Extension Service and the premier youth leadership organization in the state of Georgia, have announced a partnership to provide environmental education and leadership learning to youth.

Through Chemours’ Vibrant Communities initiative, the company will provide $225,000 over three years to support Georgia 4-H in its environmental science programming. In addition to monetary support, Chemours employees will volunteer their time and expertise to support the programs.

More than 170,000 youth participate in 4-H activities annually, and environmental science is a major part of the curriculum offered in schools, county Extension offices, and six 4-H centers across Georgia. Youth explore the intersection of ecology, humankind, and the environment as they learn about conservation of resources and the impact of environmental stressors. Through numerous judging teams, camps, classes, and personal project work, youth are exposed to hands-on learning and real-world experiences. Forestry, wildlife, and land conservation are important elements of the 4-H environmental science curriculum. The research-based programming used by Georgia 4-H correlates to the Georgia Standards of Excellence.

“Chemours is proud to support the wonderful initiatives and opportunities the Georgia 4-H provides to youth in Georgia,” said C.J. Hilton, Vice President, Mineral Operations at Chemours. “We believe in investing in our communities, and we are committed to environmental leadership. This partnership allows us to collaborate with an organization that is teaching and inspiring the next generation of environmental stewards, and we are excited to play a role in their development. We will work together to make our communities stronger and expand access to sustainable environmental programs.”

“As the private fundraising arm for Georgia’s premier youth development organization, the Georgia 4-H Foundation is committed to building relationships with relevant partners to enhance leadership and workforce development opportunities for youth in all 159 Georgia counties,” said Adam Hammond, Executive Director of the Georgia 4-H Foundation. “This partnership with Chemours will provide unique and effective opportunities for collaboration and education, and we are grateful for their deep support.”

On Wednesday, Feb. 14, representatives from Chemours mineral operations in Georgia will join the Foundation to celebrate Georgia 4-H Day at the Capitol in Atlanta. Nearly 600 4-H’ers will be on hand to engage with their lawmakers.

We’re always looking for ways to create more value for our customers while using fewer resources. That’s what we love about Georgia-Pacific LLC’s line of Dixie® EcoSmart® paper cups. Created by repurposing used cardboard shipping boxes, these disposable paper cups are made of 100% recycled fiber — giving a second life to existing resources!

About 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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As food packaging standards evolve, meat processors and grocery retailers are seeking an eco-conscious alternative to expanded polystyrene (EPS) for packaging fresh poultry and red meat.

Global packaging provider SEE recently introduced the first biobased, industrial compostable tray for protein packaging that has been successfully tested to meet the demands of existing food processing equipment.

SEE’s CRYOVAC® brand compostable overwrap tray is made from food-contact grade resin, which is USDA-certified as having 54% biobased content chemically derived from renewable wood cellulose. The tray will break down into organic material without leaving toxic residue.

SEE’s Tiffani Burt, Ph.D. led the development of the CRYOVAC® brand compostable overwrap tray. In this video interview she succinctly explains the science behind the packaging solution, what makes it compostable, and how it will help companies meet their sustainability goals.

DAVIDSON, N.C., February 13, 2024 /3BL/ – West Branch Local School District in Beloit, Ohio will be implementing a multi-phase, energy-saving infrastructure upgrade of their student learning environment. Trane® – by Trane Technologies (NYSE: TT), a global climate innovator, has collaborated with the district to develop and implement each of the energy savings measures.

The district is undertaking a major infrastructure upgrade in three of its buildings; West Branch High School, West Branch Middle School and Damascus elementary. The completed upgrades will replace outdated systems and address deferred maintenance, help reduce rising energy and operational costs, and help to create a more comfortable academic environment. They are expected to save the district more than $200,000 in energy and operational costs annually.

Improvements will include HVAC equipment replacement, LED lighting upgrades, and a thermal energy storage system. The system’s ice tanks act as a battery for a building’s air conditioning system, allowing the district to shift the electrical demand for cooling to off-peak, night time hours. The upgrades are already underway and expect to wrap up early 2025.

The improvements were funded through a combination of federal Inflation Reduction Act funds and a performance contract from Trane. The performance contract enables the district to pay for the upgrades through future reduced energy consumption and operational savings. Performance contracting is a funding option that provides measurable results to support educational objectives.

The district and Trane are also collaborating to bring two innovative STEM learning programs to West Branch district students in the Fall 2024 school year. The first, BTU Crew, is designed help create a foundation for STEM learning in students grades 4-7 and then bring it to life in grades 8-10. The program turns schools into energy learning labs with integrated lessons and project-base learning activities.

Students enrolled in the district’s industrial maintenance program will be able to participate in data analytics education that leverages the energy usage data from the district’s controls system to offer hands-on STEM learning experiences. The practical skills gained through this education will help bridge the gap between classroom instruction and the needs of the workforce. It also prepares students for two Data Analytics Certifications through the National Coalition of Certification Centers (NC3), which allows students to earn additional, third party, industry recognized credentials.

These programs support Trane Technologies’ commitment to creating pathways to green and STEM careers in support of its Sustainable Futures program.

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About West Branch Local School District 
West Branch Local Schools serves approximately 1850 students in grades PS – 12. West Branch is a rural district encompassing 111 square miles primarily in Mahoning and Columbiana counties, as well as a small portion of Portage County.

About Trane 
Trane – by Trane Technologies (NYSE: TT), a global climate innovator – creates comfortable, energy efficient indoor environments for commercial and residential applications. For more information, please visit www.trane.com or www.tranetechnologies.com.

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

CHICAGO, February 12, 2024 /3BL/ – The Motorola Solutions Foundation, the charitable and philanthropic arm of Motorola Solutions (NYSE: MSI), today announced its year-end results for 2023. Delivering on its commitment to solving for safer cities and equitable, thriving communities, the Foundation donated more than $13 million to more than 4,400 charitable organizations around the world and achieved a record number of employee volunteer hours.

“We’re driven by our passion for innovation and remain dedicated to expanding how we support our partners and the communities in which we live and work,” said Karem Pérez, executive director of the Motorola Solutions Foundation.

In 2023, Motorola Solutions employees’ generosity surpassed company records, with nearly 100,000 hours volunteered and more than 500 volunteer events worldwide, generating $3.2 million* in value for charitable organizations. Additionally, the Foundation’s annual grants program directed $10.3 million in strategic grants to organizations benefiting first responder programs and technology and engineering education.

To further extend its impact, the Foundation also introduced two new programs: the Bright Minds, Bold Futures Scholarship, which awarded $100,000 USD in scholarships to 37 deserving students from underserved and underrepresented communities pursuing technology and engineering careers, and the Grant Partner Summit on First Responder Wellness, which convened 17 partners from across North America to promote collaboration and learn best practices to promote collaboration and professional development.

“Our connection with the Motorola Solutions Foundation resembles that of a close-knit family,” said Laurie Putnam, co-founder of the Survivors of Blue Suicide Foundation, a Foundation grant partner and Summit participant. “They exhibit genuine concern for our organization and are dedicated to seeing our mission thrive.”

The Foundation was also awarded Benevity’s Community Impact Award, which celebrates the inclusive and creative ways brands are making a difference in the world through their giving, volunteering and community investment programs. The award, Pérez said, is a reflection of the Foundation’s efforts, as well as the passion of employees who engaged not only in helping select grant recipients, but in supporting their communities through service.

“Year after year, Motorolans around the world continue to show up, break records and give the best of themselves to help drive meaningful change,” said Pérez. “It’s an important part of who we are, and we look forward to carrying our energy and momentum into 2024.”

About The Motorola Solutions Foundation 
As the charitable and philanthropic arm of Motorola Solutions, the Motorola Solutions Foundation partners with organizations around the globe to create safer cities and equitable, thriving communities. We focus on giving back through strategic grants, employee volunteerism and other community investment initiatives. Our strategic grants program supports organizations that offer first responder programming and technology and engineering education, and align to our values of accountability, innovation, impact, diversity and inclusion. The Foundation is one of the many ways in which the company is solving for safer communities. For more information on Motorola Solutions corporate and foundation giving, visit: www.motorolasolutions.com/foundation

*Based on a study by Independent Sector.

Media Contact 
Rebecca Benson 
rebecca.benson@motorolasolutions.com 
m: +1 312.919.1645

NEW YORK, February 12, 2024 /3BL/ – Chief Executives for Corporate Purpose© (CECP), in collaboration with the CECP Global Exchange, released the Global Impact at Scale: The S in ESG. The study highlights international trends in corporate purpose strategies focusing on the “S” in Environmental, Social, and Governance (ESG). For example, tracking progress on increasing the number of women in management; Diversity, Equity, and Inclusion (DEI) including the employment rate for persons with disabilities; voluntary employee turnover; and more. Notably, the research finds a correlation between a company’s positive business performance and its commitment to purpose in local communities.

Key findings of the report include:

Employee Engagement and DEI:

COVID-19 thrust mental health into the spotlight as an urgent workplace concern, prompting companies to innovate and adapt to meet the evolving needs of their employees. In a CECP Pulse Survey on mental health program offerings for employees fielded in 2021 and 2023, the number of respondents stating, “Yes, we currently have a mental health program,” increased from 62% to 98%, a marked jump in program offerings highlighting their importance and need in the workplace.Amid the war in Gaza, Israeli workplaces are facing a crucial DEI challenge concerning Israeli Arab-Jewish relations. Maala found despite the tense external landscape, businesses have exhibited resilience and commitment to fostering a safe and inclusive work environment.DEI and employee engagement significantly influences a company’s ESG performance as there is a strong correlation between higher percentages of women on boards and strong governance performance within the Fortune 500®.65% of companies have 21-40% of women in management but only 15% have 41-60% of women in management, indicating a potential gap in promoting more women to management levels.

Realizing a Return on Purpose

Organizations with greater gender diversity among senior leadership have increased profitability. Executive teams with more than 30% women are more likely to outperform those with fewer or no women.In the EU[1], the earnings gap between women and men remains largest among women and men who are highly educated and working age. The biggest gender gap in gross earnings is noted among women and men with equivalent, higher educational qualifications: women’s gross earnings are only 68% of men’s.A significant majority (98%) of companies reported having a workforce where 0-2% of employees identified as having a disability, with a median of two percent. In contrast, recent data from the U.S. Department of Labor’s Bureau of Labor Statistics shows a modest increase in the employment rate for persons with disabilities, rising from 19.1% in 2021 to 21.3% in 2022. This disparity in labor force participation rates highlights the challenges faced by individuals with disabilities in securing employment opportunities.76% of Spanish enterprises believe that CSR increase their proceeds by reducing costs and increasing revenues.Motivation and efficiency of human capital, as well as efficiency in consumption of resources contribute to reduction of costs.57% of the companies of those surveyed believe that CSR activities lead to reduction in financing costs, due to a decrease in risk premiums and enhancement in access to capital.

Nearly 200 companies in 15 countries and regions with a median revenue of US$9.4 billion contributed insights to the global report. The insights presented in this brief are the result of a collaborative effort with CECP’s Global Exchange (GX). This report features insights from GX Partners’ market-specific and secondary research, and CECP Pulse Surveys, as well as insights from Bloomberg’s Environmental, Social, and Governance (ESG) data on the S&P Global 1200 Index.

“In our evolving global landscape where employees and other stakeholders increasingly hold companies accountable for their commitments, companies can build trust by committing to their communities,” said Dawn Lim, Manager, Corporate Insights, CECP. “This study shows businesses are addressing issues that are critical to the health and vitality of local and global communities, including authentic communication intersecting employee engagement and DEI.”

The CECP Global Exchange (GX) partners are in 14 countries and regions and serve companies by building a body of knowledge on locally relevant corporate citizenship best practices, through information sharing and collaborative research. The GX acts as a catalyst to enhance and advance corporate social investment strategies. GX partners include: Business in the Community in the U.K., Comunitas in Brazil, The Conference Board of Canada in Canada, CSRone in Chinese Taipei, Corporate Responsibility Türkiye in Türkiye, Dynamo Academy in Italy, Fundacion Seres in Spain, Korea Productivity Center in the Republic of Korea, Maala in Israel, Samhita in India, SynTao in Mainland China and Hong Kong, Trialogue in South Africa, and Wider Sense in Germany.

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About Chief Executives for Corporate Purpose (CECP)

Chief Executives for Corporate Purpose® (CECP) is a trusted advisor to companies on their corporate purpose journeys to build long-term sustainable value. Working with CEOs and leaders in corporate responsibility, sustainability, foundations, investor relations, finance, legal, and communications, CECP shares actionable insights with its CEO-led coalition to address stakeholder needs.

Founded in 1999 by actor and philanthropist Paul Newman and other business leaders, CECP is a movement of more than 200 of the world’s largest companies that represent $8.7 trillion in revenues, $47 billion in total community investment, 15.1 million employees, 16 million hours of employee engagement, and $34.1 trillion in assets under management. CECP helps companies transform their strategy by providing research, benchmarking, strategy, convening, and communications in the areas of societal/community investment, employee engagement, environmental social governance/sustainable business, diversity equity inclusion, and telling the story.

For more information, visit http://cecp.co.

[1] All other findings aggregated globally, unless noted.

CECP Media Contact: 
Katie Leasor 
kleasor@cecp.co

by Henry Kaestner, Faith Driven Entrepreneur & Faith Driven Investor ministries

I can sum up most of the teaching I’ve encountered about Christian finances in two words: make and give. Since coming to faith in my 20s, it has mostly been taught to me that if I am going to be successful, I should make as much money as possible so I can give away as much as possible. The implication here is that the most holy thing to do with your money is to donate it. Send it to the nonprofits. Give your tithe. And then wait for your reward in heaven.

As an investor, this has always felt incomplete. While God certainly calls me to give, he has also called me as an entrepreneur and investor to use a portion of my capital to invest in for-profit companies that, by design, aren’t doing philanthropic work. So, I’ve had to wrestle with how these vocations fit with God’s vision for my finances.

Where Does Investing Fit? It sure does seem like it has to belong somewhere because after years of working with Faith Driven Entrepreneurs and Investors around the world, I know one thing for sure: these people are having incredible kingdom impact. They are building an ethical culture and influencing their communities through their companies. Nonprofits and charities are absolutely an essential tool God uses to advance his Kingdom. But it is not the only way. Charitable giving is one (very important!) way to honor God with our finances, but it’s not the only way. That’s why we at Faith Driven Investor have started thinking about a threefold framework that consists of building, giving, and investing.

Read Henry’s full article on the threefold framework here – https://greenmoney.com/build-give-invest-a-framework-thats-worth-the-risk/

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