Tag: 3BL

CATAÑO, Puerto Rico, October 2, 2023 /3BL/ – Bacardi, the largest privately held international spirits company, today celebrates the opening of its new Combined Heat & Power (CHP) system in Puerto Rico which will cut greenhouse gas (GHG) emissions of the iconic BACARDÍ rum brand in half. Bacardi marked the opening with a ribbon-cutting ceremony at the world’s largest premium rum distillery located in Cataño, Puerto Rico.

The new CHP system replaces heavy fuel oil with propane gas which shifts the site to even cleaner energy. The system will generate 100% of the energy used at the campus including the distillery, offices and the Casa BACARDÍ visitor center – one of the most visited tourist destinations on the island.

The 50% reduction in BACARDÍ rum’s GHG emissions is a significant step in reducing emissions globally for the family-owned company. In addition to BACARDÍ rum, the Bacardi portfolio of premium brands includes PATRÓN® tequila, GREY GOOSE® vodka, BOMBAY SAPPHIRE®, DEWAR’S® Blended Scotch whisky and many others. Bacardi is committed to cutting 50% of its GHG emissions globally, across the business, by 2025.

“At Bacardi, we are committed to cutting our GHG emissions by reducing our energy consumption and switching to the most sustainable form of energy where we make our beloved brands. We are continuously exploring ways in which we can take more positive steps towards our ultimate goal of Net Zero across our sites,” says Edwin Zayas, Vice President of Operations for Bacardi Corporation in Puerto Rico. “We are proud of the work we are doing in Puerto Rico, and across the globe, to be greener and cleaner with our energy.”

Other ways in which the BACARDÍ rum distillery is continuously pioneering and implementing new environmental practices, including:

The creation of biogas through the cleaning of waste water, which then powers the distillation and creates electricity – more than 60% of the distillery’s energy is generated this way;A new treatment system that helps clean the biogas and reduce environmental impacts;Recapturing 95% of the heat generated during distillation to reduce the energy required;Developing a new project to capture CO2 from the fermentation process and supply it to the sparkling drinks industry on the island;Planting and nurturing pollinator gardens to support local wildlife in Puerto Rico. Bacardi has received conservation certification from the Wildlife Habitat Council in recognition of its commitment to environmental stewardship and was recently re-certified for the third time for its efforts. It remains the only initiative on the island to hold WHC certification.To mark its 161st anniversary, Bacardi will plant 161 coconut trees in Puerto Rico this year. The trees will help regenerate and protect a beach located near the BACARDÍ rum distillery, an area that has suffered significant hurricane damage in recent years.

Bacardi Corporation, part of Bacardi Limited, was founded in Puerto Rico in 1936 and has been manufacturing “the World’s Most Awarded” rum since then. The current distillery, built in 1958 on 127 acres in the town of Cataño, is the largest premium rum distillery in the world and known as the “Cathedral of Rum”.

“As a family owned company, we take great responsibility in protecting the legacy of generations to come,” adds Magaly Feliciano, Global Sustainability Director. “The work we are doing today will help build a more sustainable future for our people and the planet.”

As part of its Corporate Responsibility program, Good Spirited, and in line with the United Nations Sustainable Development Goals, Bacardi has set a number of goals which it is committed to achieving by 2025. These global targets, which are in addition to the company’s commitment to be 100% plastic free by 2030, include:

50% cut in greenhouse gas emissions at Bacardi production sites;25% cut in water consumption at Bacardi production sites;100% key raw materials and packaging sourced sustainably;100% of product packaging to be recyclable;40% recycled content of product packaging materials;Zero waste to landfill at all Bacardi production sites.

Find out more about the company’s environmental sustainability commitments, visit: https://www.bacardilimited.com/esg/

-ENDS-

About Bacardi Limited 
Bacardi Limited, the largest privately held international spirits company in the world, produces and markets internationally recognized spirits and wines. The Bacardi Limited brand portfolio comprises more than 200 brands and labels, including BACARDÍ® rum, GREY GOOSE® vodka, PATRÓN® tequila, DEWAR’S® Blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, CAZADORES® 100% blue agave tequila, and other leading and emerging brands including WILLIAM LAWSON’S® Scotch whisky, ST-GERMAIN® elderflower liqueur, and ERISTOFF® vodka. Founded more than 161 years ago in Santiago de Cuba, family-owned Bacardi Limited currently employs approximately 9,000, operates production facilities in 10 countries, and sells its brands in more than 160 markets. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited. Visit www.bacardilimited.com or follow us on LinkedIn or Instagram.

Media Inquiries: 
Jessica Merz, VP Global Corporate Communications, Bacardi, jmerz@bacardi.com

CATAÑO, Puerto Rico, October 2, 2023 /3BL/ – Bacardi, the largest privately held international spirits company, today celebrates the opening of its new Combined Heat & Power (CHP) system in Puerto Rico which will cut greenhouse gas (GHG) emissions of the iconic BACARDÍ rum brand in half. Bacardi marked the opening with a ribbon-cutting ceremony at the world’s largest premium rum distillery located in Cataño, Puerto Rico.

The new CHP system replaces heavy fuel oil with propane gas which shifts the site to even cleaner energy. The system will generate 100% of the energy used at the campus including the distillery, offices and the Casa BACARDÍ visitor center – one of the most visited tourist destinations on the island.

The 50% reduction in BACARDÍ rum’s GHG emissions is a significant step in reducing emissions globally for the family-owned company. In addition to BACARDÍ rum, the Bacardi portfolio of premium brands includes PATRÓN® tequila, GREY GOOSE® vodka, BOMBAY SAPPHIRE®, DEWAR’S® Blended Scotch whisky and many others. Bacardi is committed to cutting 50% of its GHG emissions globally, across the business, by 2025.

“At Bacardi, we are committed to cutting our GHG emissions by reducing our energy consumption and switching to the most sustainable form of energy where we make our beloved brands. We are continuously exploring ways in which we can take more positive steps towards our ultimate goal of Net Zero across our sites,” says Edwin Zayas, Vice President of Operations for Bacardi Corporation in Puerto Rico. “We are proud of the work we are doing in Puerto Rico, and across the globe, to be greener and cleaner with our energy.”

Other ways in which the BACARDÍ rum distillery is continuously pioneering and implementing new environmental practices, including:

The creation of biogas through the cleaning of waste water, which then powers the distillation and creates electricity – more than 60% of the distillery’s energy is generated this way;A new treatment system that helps clean the biogas and reduce environmental impacts;Recapturing 95% of the heat generated during distillation to reduce the energy required;Developing a new project to capture CO2 from the fermentation process and supply it to the sparkling drinks industry on the island;Planting and nurturing pollinator gardens to support local wildlife in Puerto Rico. Bacardi has received conservation certification from the Wildlife Habitat Council in recognition of its commitment to environmental stewardship and was recently re-certified for the third time for its efforts. It remains the only initiative on the island to hold WHC certification.To mark its 161st anniversary, Bacardi will plant 161 coconut trees in Puerto Rico this year. The trees will help regenerate and protect a beach located near the BACARDÍ rum distillery, an area that has suffered significant hurricane damage in recent years.

Bacardi Corporation, part of Bacardi Limited, was founded in Puerto Rico in 1936 and has been manufacturing “the World’s Most Awarded” rum since then. The current distillery, built in 1958 on 127 acres in the town of Cataño, is the largest premium rum distillery in the world and known as the “Cathedral of Rum”.

“As a family owned company, we take great responsibility in protecting the legacy of generations to come,” adds Magaly Feliciano, Global Sustainability Director. “The work we are doing today will help build a more sustainable future for our people and the planet.”

As part of its Corporate Responsibility program, Good Spirited, and in line with the United Nations Sustainable Development Goals, Bacardi has set a number of goals which it is committed to achieving by 2025. These global targets, which are in addition to the company’s commitment to be 100% plastic free by 2030, include:

50% cut in greenhouse gas emissions at Bacardi production sites;25% cut in water consumption at Bacardi production sites;100% key raw materials and packaging sourced sustainably;100% of product packaging to be recyclable;40% recycled content of product packaging materials;Zero waste to landfill at all Bacardi production sites.

Find out more about the company’s environmental sustainability commitments, visit: https://www.bacardilimited.com/esg/

-ENDS-

About Bacardi Limited 
Bacardi Limited, the largest privately held international spirits company in the world, produces and markets internationally recognized spirits and wines. The Bacardi Limited brand portfolio comprises more than 200 brands and labels, including BACARDÍ® rum, GREY GOOSE® vodka, PATRÓN® tequila, DEWAR’S® Blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, CAZADORES® 100% blue agave tequila, and other leading and emerging brands including WILLIAM LAWSON’S® Scotch whisky, ST-GERMAIN® elderflower liqueur, and ERISTOFF® vodka. Founded more than 161 years ago in Santiago de Cuba, family-owned Bacardi Limited currently employs approximately 9,000, operates production facilities in 10 countries, and sells its brands in more than 160 markets. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited. Visit www.bacardilimited.com or follow us on LinkedIn or Instagram.

Media Inquiries: 
Jessica Merz, VP Global Corporate Communications, Bacardi, jmerz@bacardi.com

CATAÑO, Puerto Rico, October 2, 2023 /3BL/ – Bacardi, la mayor empresa privada internacional de bebidas espirituosas, celebra la inauguración de su nuevo sistema de cogeneración o generación combinada de calor y electricidad (Combined Heat & Power) en Puerto Rico, que reducirá a la mitad las emisiones de gases de efecto invernadero (GEI) de la icónica marca de ron BACARDÍ. Hoy, Bacardi marcó la inauguración en la destilería de ron premium más grande del mundo, ubicada en Cataño, Puerto Rico.

El nuevo sistema de cogeneración reemplaza el fuelóleo pesado por gas propano, una fuente de energía más limpia. El sistema generará el 100% de la energía que se usa en el recinto, incluidas la destilería, las oficinas y el centro de visitantes Casa BACARDÍ, uno de los destinos turísticos más visitados en la isla.

Para la empresa familiar, la reducción del 50% en las emisiones de GEI del ron BACARDÍ es un paso importante en la reducción de emisiones a nivel mundial. Además del ron BACARDÍ, la cartera de marcas premium de Bacardí incluye el tequila PATRÓN ®, el vodka GREY GOOSE ®, la ginebra BOMBAY SAPPHIRE ®, el whisky escocés mezclado DEWAR’S y muchas otras. Bacardi tiene el compromiso de reducir el 50% de sus emisiones de GEI a nivel mundial en toda la empresa para 2025.

“En Bacardi tenemos el compromiso de disminuir las emisiones de GEI mediante la reducción del consumo de energía y la transición hacia energías más sostenibles en los lugares donde fabricamos nuestras queridas marcas. Estamos explorando continuamente formas en las que podemos dar pasos más positivos hacia alcanzar nuestro objetivo máximo final de emisiones netas cero o Net Zero en todas nuestras instalaciones”, afirma Edwin Zayas, vicepresidente de operaciones de Bacardi Corporation en Puerto Rico. “Estamos orgullosos del trabajo que estamos realizando en Puerto Rico y en todo el mundo para ser más ecológicos y limpios con nuestra energía”.

Otras formas en las que la destilería de ron BACARDÍ ya está innovando en materia de prácticas ambientales son las siguientes:

La creación de biogás mediante la limpieza de las aguas residuales, que luego impulsa la destilación y genera electricidad —más del 60% de la energía de la destilería se genera de esta manera;La recaptación del 95% del calor generado durante el proceso de destilación para reducir la energía que se necesita;Sembrar y cuidar jardines de polinizadores para apoyar la vida silvestre local de Puerto Rico. Bacardí ha recibido la certificación de conservación del Wildlife Habitat Council en reconocimiento a su compromiso con la protección del medio ambiente. Recientemente se le ha vuelto a certificar por tercera vez por sus esfuerzos. Sigue siendo la única iniciativa en la isla que cuenta con dicha certificación.Para conmemorar el 161.o aniversario, Bacardí se unirá al municipio de Cataño para sembrar 161 palmas de coco en Puerto Rico este año. Los árboles ayudarán a regenerar y proteger una playa ubicada cerca de la destilería de ron BACARDÍ, un área que ha sufrido importantes daños por huracanes en los últimos años.El nuevo sistema de tratamiento de biogás incorpora biotecnología para eliminar los gases inflamables altamente tóxicos y el sulfuro de hidrógeno.Se implementó una tecnología innovadora en el proceso de mezcla que usa una mezcla por pulsos con nitrógeno. Este sistema eliminó el riesgo de incendio, consume menos electricidad y redujo las emisiones de compuestos orgánicos volátiles.

“Como empresa familiar, asumimos la gran responsabilidad de proteger el legado de las generaciones venideras”, añade Magaly Feliciano, Directora de Sostenibilidad Global para Bacardi. “El trabajo que estamos realizando hoy ayudará a construir un futuro más sostenible para nuestro pueblo y el planeta”.

Como parte de su programa de responsabilidad corporativa Good Spirited y alineados con los Objetivos de Desarrollo Sostenible de las Naciones Unidas, Bacardi ha establecido una serie de objetivos que se compromete a alcanzar para 2025. Estos objetivos globales, que se suman al compromiso de la empresa de ser 100% libre de plástico para 2030, incluyen:

una reducción del 50% en las emisiones de gases de efecto invernadero en los lugares donde se produce Bacardi;una reducción del 25% en el consumo de agua en los lugares donde se produce Bacardi;el 100% las materias primas clave y los embalajes serán obtenidos de forma sostenible;el 100% del embalaje del producto será reciclable;los materiales de embalaje del producto tendrán un 40% de contenido reciclado;cero residuos al vertedero en todos los lugares donde se produce Bacardi.

Para obtener más información sobre los compromisos de sostenibilidad medioambiental de la empresa, visite: https://www.bacardilimited.com/esg/

Acerca de Bacardi Limited

Bacardi Limited, la empresa privada internacional de bebidas espirituosas más grande del mundo, produce y comercializa vinos y bebidas espirituosas de reconocimiento internacional. La cartera de marcas de Bacardi Limited comprende más de 200 marcas como el ron BACARDÍ®, el vodka GREY GOOSE®, el tequila PATRÓN®, el whisky escocés mezclado DEWAR’S®, la ginebra BOMBAY SAPPHIRE®, el vermú y los vinos espumosos MARTINI®, el tequila 100% agave azul CAZADORES® y otra marcas líderes y emergentes como el whisky escocés WILLIAM LAWSON’S®, el licor de flor de saúco ST-GERMAIN® y el vodka ERISTOFF®. Fundada hace más de 161 años en Santiago de Cuba y de propiedad familiar, Bacardi Limited emplea en la actualidad a aproximadamente 9,000 personas, opera instalaciones de producción en 10 países y vende sus marcas en más de 160 mercados. Bacardi Limited se refiere al grupo de empresas Bacardi que incluye Bacardi International Limited. Viste www.bacardilimited.com o síganos en LinkedIn o Instagram.

Consultas de prensa: 

Jessica Merz, Vicepresidenta de Comunicaciones Corporativas Globales, Bacardí, jmerz@bacardi.com

CATAÑO, Puerto Rico, October 2, 2023 /3BL/ – Bacardi, la mayor empresa privada internacional de bebidas espirituosas, celebra la inauguración de su nuevo sistema de cogeneración o generación combinada de calor y electricidad (Combined Heat & Power) en Puerto Rico, que reducirá a la mitad las emisiones de gases de efecto invernadero (GEI) de la icónica marca de ron BACARDÍ. Hoy, Bacardi marcó la inauguración en la destilería de ron premium más grande del mundo, ubicada en Cataño, Puerto Rico.

El nuevo sistema de cogeneración reemplaza el fuelóleo pesado por gas propano, una fuente de energía más limpia. El sistema generará el 100% de la energía que se usa en el recinto, incluidas la destilería, las oficinas y el centro de visitantes Casa BACARDÍ, uno de los destinos turísticos más visitados en la isla.

Para la empresa familiar, la reducción del 50% en las emisiones de GEI del ron BACARDÍ es un paso importante en la reducción de emisiones a nivel mundial. Además del ron BACARDÍ, la cartera de marcas premium de Bacardí incluye el tequila PATRÓN ®, el vodka GREY GOOSE ®, la ginebra BOMBAY SAPPHIRE ®, el whisky escocés mezclado DEWAR’S y muchas otras. Bacardi tiene el compromiso de reducir el 50% de sus emisiones de GEI a nivel mundial en toda la empresa para 2025.

“En Bacardi tenemos el compromiso de disminuir las emisiones de GEI mediante la reducción del consumo de energía y la transición hacia energías más sostenibles en los lugares donde fabricamos nuestras queridas marcas. Estamos explorando continuamente formas en las que podemos dar pasos más positivos hacia alcanzar nuestro objetivo máximo final de emisiones netas cero o Net Zero en todas nuestras instalaciones”, afirma Edwin Zayas, vicepresidente de operaciones de Bacardi Corporation en Puerto Rico. “Estamos orgullosos del trabajo que estamos realizando en Puerto Rico y en todo el mundo para ser más ecológicos y limpios con nuestra energía”.

Otras formas en las que la destilería de ron BACARDÍ ya está innovando en materia de prácticas ambientales son las siguientes:

La creación de biogás mediante la limpieza de las aguas residuales, que luego impulsa la destilación y genera electricidad —más del 60% de la energía de la destilería se genera de esta manera;La recaptación del 95% del calor generado durante el proceso de destilación para reducir la energía que se necesita;Sembrar y cuidar jardines de polinizadores para apoyar la vida silvestre local de Puerto Rico. Bacardí ha recibido la certificación de conservación del Wildlife Habitat Council en reconocimiento a su compromiso con la protección del medio ambiente. Recientemente se le ha vuelto a certificar por tercera vez por sus esfuerzos. Sigue siendo la única iniciativa en la isla que cuenta con dicha certificación.Para conmemorar el 161.o aniversario, Bacardí se unirá al municipio de Cataño para sembrar 161 palmas de coco en Puerto Rico este año. Los árboles ayudarán a regenerar y proteger una playa ubicada cerca de la destilería de ron BACARDÍ, un área que ha sufrido importantes daños por huracanes en los últimos años.El nuevo sistema de tratamiento de biogás incorpora biotecnología para eliminar los gases inflamables altamente tóxicos y el sulfuro de hidrógeno.Se implementó una tecnología innovadora en el proceso de mezcla que usa una mezcla por pulsos con nitrógeno. Este sistema eliminó el riesgo de incendio, consume menos electricidad y redujo las emisiones de compuestos orgánicos volátiles.

“Como empresa familiar, asumimos la gran responsabilidad de proteger el legado de las generaciones venideras”, añade Magaly Feliciano, Directora de Sostenibilidad Global para Bacardi. “El trabajo que estamos realizando hoy ayudará a construir un futuro más sostenible para nuestro pueblo y el planeta”.

Como parte de su programa de responsabilidad corporativa Good Spirited y alineados con los Objetivos de Desarrollo Sostenible de las Naciones Unidas, Bacardi ha establecido una serie de objetivos que se compromete a alcanzar para 2025. Estos objetivos globales, que se suman al compromiso de la empresa de ser 100% libre de plástico para 2030, incluyen:

una reducción del 50% en las emisiones de gases de efecto invernadero en los lugares donde se produce Bacardi;una reducción del 25% en el consumo de agua en los lugares donde se produce Bacardi;el 100% las materias primas clave y los embalajes serán obtenidos de forma sostenible;el 100% del embalaje del producto será reciclable;los materiales de embalaje del producto tendrán un 40% de contenido reciclado;cero residuos al vertedero en todos los lugares donde se produce Bacardi.

Para obtener más información sobre los compromisos de sostenibilidad medioambiental de la empresa, visite: https://www.bacardilimited.com/esg/

Acerca de Bacardi Limited

Bacardi Limited, la empresa privada internacional de bebidas espirituosas más grande del mundo, produce y comercializa vinos y bebidas espirituosas de reconocimiento internacional. La cartera de marcas de Bacardi Limited comprende más de 200 marcas como el ron BACARDÍ®, el vodka GREY GOOSE®, el tequila PATRÓN®, el whisky escocés mezclado DEWAR’S®, la ginebra BOMBAY SAPPHIRE®, el vermú y los vinos espumosos MARTINI®, el tequila 100% agave azul CAZADORES® y otra marcas líderes y emergentes como el whisky escocés WILLIAM LAWSON’S®, el licor de flor de saúco ST-GERMAIN® y el vodka ERISTOFF®. Fundada hace más de 161 años en Santiago de Cuba y de propiedad familiar, Bacardi Limited emplea en la actualidad a aproximadamente 9,000 personas, opera instalaciones de producción en 10 países y vende sus marcas en más de 160 mercados. Bacardi Limited se refiere al grupo de empresas Bacardi que incluye Bacardi International Limited. Viste www.bacardilimited.com o síganos en LinkedIn o Instagram.

Consultas de prensa: 

Jessica Merz, Vicepresidenta de Comunicaciones Corporativas Globales, Bacardí, jmerz@bacardi.com

The climate challenges we’re facing are significant. We can’t afford to move backward. The world needs fluorinated gases (F-gases) and specialty fluids (HFCs, HFOs, and HFO blends) that power the largest industries and value chains, touching nearly every sector of the economy, from electric vehicles and heat pumps to data centers, renewable energy, and construction.

Unlike so-called “natural” refrigerants, which are outdated industrial gases (CO₂, ammonia, and propane), F-gases help advance global climate goals by moving heating and cooling away from fossil fuel use and towards energy-efficient solutions, like the adoption of heat pumps. They have a role in achieving a circular economy, paving the way to decarbonization, all while driving innovation, value, and reliability.

F-gases enable circularity and can be recovered, reclaimed, and reused in perpetuity, while CO₂ is released into the atmosphere, where it remains for hundreds of years. A circular economy is critical to reaching sustainability goals because raw materials can be used repeatedly, making better use of finite resources and reducing emissions.

F-gases are also critical to achieving global climate targets; the electrification of heating, cooling and transportation; and the green transition. While industrial gases may have a low global warming potential (GWP), they are inefficient and often require more energy, which hinders decarbonization and increases cost.

F-gases are essential to the cold chain, transportation, medical devices, high-speed computing, and many other critical industries of the future. A broad ban on F-gases would significantly impact businesses, industries, supply chains, innovation, and the economy. In fact, a ban on EU mobile air conditioning alone would cost an estimated €230+ billion within 10 years*.

Limiting access to F-gases would slow adoption, increase transition costs, create an incredible amount of material waste by crippling existing equipment infrastructure, and jeopardize the widespread deployment of heat pumps and other energy-efficient solutions.

F-gases are critical solutions that will enable the energy transition, electrify transport, power AI, and battle the next pandemic. They are critical components in technologies we use every day, and are vital to decarbonization and the energy transition.

Learn more about why the world needs f-gases.

*Independent Socioeconomic Analysis: Estimated 10-year impact to the European economy (profit and social costs) of a ban of PFAS where no viable alternative is available.

SAN FRANCISCO, AMSTERDAM and HONG KONG, October 2, 2023 /3BL/ – Last week, the Sustainable Apparel Coalition (SAC), a global multi-stakeholder alliance uniting over 280 retailers, brands, manufacturers, governments, academics, and nonprofit affiliates, announced the launch of the Manufacturer Climate Action Program (MCAP) at the 2023 SAC Annual Meeting on September 26th in Boston, Massachusetts. In collaboration with industry leaders NIKE and Target Corporation, the SAC introduced MCAP as a critical component of its Decarbonization Program, designed to catalyze support and drive the sector toward ambitious and necessary CO2 emissions reductions.

The textile and apparel industry faces the urgent need for collective action to significantly reduce global CO2 emissions by 45% by 2030, based on its 2010 baseline, ultimately striving for net-zero emissions by 2050. MCAP’s mission is to enable manufacturers to start their decarbonization journey by providing an intermediate pathway for them to measure carbon emissions and develop science-aligned targets for Scope 1 and 2 where they have direct control. Notably, MCAP excludes Scope 3 measurements because they often create a barrier for manufacturers taking steps toward setting science-aligned targets. By focusing on Scope 1 and 2 emissions initially, the program aims to provide manufacturers with a manageable starting point for their decarbonization journey.

This program will enable manufacturers to reduce energy use, save money, and meet the business expectations of their customers. It also aims to facilitate the sharing of learning and rapidly scale best practices. This program reflects the SAC’s commitment to safeguarding the planet for generations to come.

MCAP will take a pragmatic approach, providing a stepwise process to build manufacturers’ capability to accelerate target setting, and comprises four core elements:

First, manufacturers set, validate, and disclose company-wide science-aligned emission reduction goals, recognizing this as a fundamental step toward a sustainable future.Second, manufacturers receive recommendations and training on developing climate risk assessments for their operations, including physical and transition risks, documenting these risks to bridge connections with value chain partners, including brands.Next, manufacturers receive guidance for developing their decarbonization plans, responding to the industry’s growing call for transparency and enabling effective allocation of investments and resources.Finally, fostering a culture of transparency and accountability, MCAP encourages manufacturers to annually disclose their progress and share reports publicly. This commitment to openness will ensure accountability within organizations and nurture a collective culture of growth and innovation.

These four elements form the core of MCAP, empowering manufacturers to take substantive actions in reducing emissions to combat climate change, improving operational efficiency and growth, and further advancing sustainability throughout the industry.

MCAP evolved from both Target’s Supplier Engagement Program and the Supplier Climate Action Program (SCAP), which was co-developed by NIKE and its suppliers and in consultation with World Resource Institute (WRI). MCAP is open to both SAC members and non-members, in a concerted effort to accelerate the number of manufacturers with science-aligned targets. What sets MCAP apart is its comprehensive approach to supporting manufacturers in a stepwise manner. The program meticulously integrates key management tools into the program, tailored specifically to meet the unique needs of manufacturers. These tools include guidance on measuring emissions, assessing risk, benchmarking performance, and leveraging these insights to inform strategic planning. By establishing these fundamental building blocks, MCAP equips manufacturers with the essential resources they need to develop effective plans and accelerate meaningful climate change actions.

The long-term vision for MCAP is to help manufacturers eventually secure science-based targets that encompass Scope 1, 2, and 3 emissions. MCAP serves as the crucial first step on this journey, providing the necessary tools and guidance to propel manufacturers towards a more sustainable and climate-resilient future.

Joyce Tsoi, Director of Collective Action Programs, at the Sustainable Apparel Coalition, said: “As a convener of the consumer goods industry, we have a unique opportunity to rally our community’s collective strength and drive transformative change to set science-aligned targets, averting the worst climate impacts. Through our Decarbonization Program, we co-create solutions and foster collaborations necessary for systemic change within global supply chains, recognizing that addressing this challenge requires that no single entity can tackle this challenge alone. MCAP represents a key initiative, uniting manufacturers globally to accelerate action towards science-aligned emissions targets, significantly reducing global CO2 emissions at scale. By partnering with industry leaders and offering scalable solutions, we can empower our industry to confront emission reductions and instigate the change we need to support low-carbon transition.”

Noel Kinder, Chief Sustainability Officer, at NIKE, Inc, said: “At our size and scale, we have a responsibility to drive impact. With a challenge like climate change, we know we can’t do it alone. NIKE’s SCAP was designed to help suppliers take a leadership role in addressing their climate risk. Working with SAC and Target to develop the MCAP program is the next step in scaling impact across NIKE’s supply chain and the industry.”

Liz Cook, Executive Vice President for Governance & Development, at World Resource Institute (WRI), said: “Supply chain emissions amount, on average, to more than 70% of a company’s greenhouse gas (GHG) emissions. To set, and achieve, ambitious emissions reduction targets across the value chain, companies need to support their suppliers. Programs like the Manufacturer Climate Action Program (MCAP), and companies like Nike and Target, set out to do this by helping suppliers build their capacity to mitigate and become more resilient to climate change. Beyond MCAP, WRI is pleased to partner with NIKE to accelerate renewable energy solutions in strategic global markets — a key strategy for achieving these objectives. This work is critical to scaling climate action globally.”

The SAC is actively gathering manufacturer interest in MCAP and plans to begin program implementation in 2024. Progress of MCAP will be tracked and shared on the SAC website, providing information on how many manufacturers have joined the program and the progress made.

MCAP represents a significant step forward in the global effort to combat climate change. As part of its strategic plan, the SAC acknowledges that the textile industry alone accounts for up to 8% of global carbon emissions and is committed to a minimum 45% reduction of GHG emissions by 2030. The SAC is committed to supporting its members and the industry in achieving decarbonization.

— ENDS –

About the Sustainable Apparel Coalition:

The Sustainable Apparel Coalition (SAC) is an independent and impact-creating organization that aims to lead the industry toward a shared vision of sustainability based upon a joint approach for measuring, evaluating, and improving performance.

As a non-profit organization, it has members from across the apparel, footwear and textile sector, but exists independently outside any one company so that it can drive progress. The SAC’s collective action efforts bring more than 280 global brands, retailers, manufacturers, NGOs, academics and industry associations together. They represent about half of the apparel and footwear industry along the whole supply chain – from sustainability pioneers to organizations just getting started.

Before the SAC existed, companies worked in a siloed way, using their own programs and measurements that lacked standardization and an ability to drive collective action. In 2009, Walmart and Patagonia identified this as a serious problem. Joining forces, they brought together peers, competitors, and relevant stakeholders from across the sector to, on a pre-competitive basis, develop a universal approach to measuring sustainability performance and founded the Sustainable Apparel Coalition.

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Today is the International Day of Awareness on Food Loss and Waste Reduction, highlighting the pressing need for the global food system to address food losses and waste. The number of people affected by hunger has been slowly on the rise since 2014, and tons of edible food are lost or wasted every day. This crucial topic is not only covered by the GRI Waste Standard but also a significant component of the new GRI 13: Agriculture, Aquaculture, and Fishing Sector Standard.

Why is Food Loss and Waste a Problem?

One-third of all food produced in the world – approximately 1.3 billion tons – is lost or wasted every year. Globally, if food waste could be represented as its own country, it would be the third largest greenhouse gas emitter, behind China and the United States. The resources needed to produce the food that becomes lost or wasted has a carbon footprint of about 3.3 billon tons of CO2.

In the U.S. alone, an estimated 133 billion pounds of edible food (worth over $161 billion) goes to waste every year. Food waste also contributes to the largest volume of material in U.S. landfills accounting for 21% of the waste stream. Food waste costs Canadians $31 billion annually or about 2% of the country’s GDP.

Target SDG 12.3 under the Sustainable Development Goals (SDGs) aims to halve global per capita food waste as part of SDG 12, which focuses on Responsible Production and Consumption. Achieving this target necessitates the measurement of food loss by various stakeholders.

What is the Impact of Agriculture, Aquaculture, and Fishing Activities?

Within the agriculture, aquaculture, and fishing sectors, products initially intended for human consumption that end up as waste are categorized as food loss. The Food and Agriculture Organization (FAO) estimates that in 2016, 13.8% of food, from harvest to retail, was lost globally. Addressing food loss not only enhances food security, but also prevents unnecessary negative environmental impacts and the squandering of valuable resources.

The Significance of Disclosures and Management of Impacts 

The GRI 13: Agriculture, Aquaculture and Fishing 2022 – GRI’s Sector Standard for corporate sustainability reporting by companies in the sector – lead organizations to describe policies or commitments to address food loss in the supply chain; as well as disclose the total weight of food loss in metric tons and the food loss percentage, by the organization’s main products or product category, and describe the methodology used for this calculation under the topic 13.9 Food Security. GRI 13 references World Resources Institute (WRI), Food Loss and Waste Accounting and Reporting Standard, 2016, which includes a methodology to calculate food loss.

Disclosures on impacts and the management of those impacts are of paramount importance. This is precisely why GRI incorporates food waste within its Standards. Learn more about the GRI Standards and access additional resources on the GRI North America webpage.

On Sept. 20, a ribbon-cutting ceremony was held for Larchmere Homes, the new construction of 30 affordable lease-to-purchase homes in the Buckeye neighborhood of Cleveland, Ohio. Buckeye is one of Fifth Third’s Empowering Black Futures nine neighborhoods. The Empowering Black Futures neighborhood program is a $180 million initiative in which Fifth Third and Enterprise Community Partners work with lead community organizations in nine historically Black neighborhoods that have experienced decades of disinvestment to boost economic mobility of its residents. The Buckeye program in partnership with Cleveland Neighborhood Progress, Burten, Bell, Carr Development Inc., and CHN Housing Partners includes a focus on home repairs in the area South of Buckeye Road.

The Larchmere project is a collaboration of multiple partners, including Enterprise Community Partners and CHN Housing Partners (CHN). The Fifth Third CDC made a $6.2 million low-income housing tax credit investment via the Enterprise Equitable Upward Mobility Fund, a multi-investor fund.

The development is for scattered site new home construction in the neighborhood. When complete, 30 single-family homes will be built for families at or below 60% of the area median income. Of the homes, 28 will be three-bedroom, two-story homes and two will be three-bedroom, single story homes.

Through CHN, the homes will be rented on a lease-purchase basis; the goal is for residents to be able to buy the homes from the nonprofit developer at the conclusion of a 15-year period. CHN’s service delivery program will provide tailored wraparound services to each resident family to help them improve their education, career and financial health.

The program will help extend Fifth Third’s EBF goal of improving the upward mobility of Black residents by increasing access to affordable housing in the Buckeye neighborhood.

“This type of development is a game-changer for Cleveland’s neighborhoods,” said Councilwoman Deborah Gray, Ward 4.

For more information on Fifth Third’s Empowering Black Futures program, click here https://53neighborhoodinvest.org/.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com.

Thousands of people came together for Climate Week NYC 2023 last week to discuss and drive progress towards managing climate change. This annual event convenes global leaders to address challenging and complex issues that can only be tackled collectively through public and private partnerships. Collaboration, the critical role of finance and sustainability, and innovation emerged as key themes throughout the sessions.

Progress Calls for Collaboration 

In 2015, the Member States of the United Nations adopted The 2030 Agenda for Sustainable Development, including 17 Sustainable Development Goals. The SDGs are a call to action for all countries, businesses, and individuals to collaborate on strategies to end poverty, protect the planet, and ensure prosperity for all. We are at the halfway point, and the UN reports that only 15 percent of the SDGs are on track for 2030. We cannot afford to delay action any longer, and we must work together to build a sustainable and equitable future for all.

Workiva is committed to doing our part and we hope others will join us. We were one of the first 130 “early movers” to join the UN’s Forward Faster initiative, which was unveiled at the UN Global Compact Leaders Summit during Climate Week. Forward Faster aims to increase accountability and transparency by having companies publicly commit to five action areas where businesses can make the biggest impact by 2030.

Through the Forward Faster initiative, we have signed on to the “Finance and Investment” action area– pledging to more closely align our corporate investments with UN SDG policies and strategies and to report progress to the UN Global Compact to ensure transparency. The Forward Faster initiative challenges businesses to demonstrate measurable, credible, and ambitious action, with a new emphasis on accountability from all of us as business leaders.

Finance and Sustainability Leadership Working Together

Strong leadership is essential for driving the sort of systemic changes needed to address a sustainable future. One thread that stood out at this year’s event was the emphasis on partnership between finance and sustainability leaders within corporations and government to drive impact.

Understanding the power of corporate finance and sustainability working together, Workiva was the first SaaS company to join the United Nations Global Compact CFO Coalition for the SDGs. CFOs are uniquely positioned to reshape the future of corporate finance and investment as a catalyst for growth, value creation, and impact.

During Climate Week, the Climate Bonds Initiative, in partnership with the CFO Coalition, released a new report on the role of the chief finance officer in managing risks and opportunities surrounding the climate transition. Thirty CFOs, including Workiva’s Jill Klindt, shared best practices about their companies’ climate transition plans, KPIs, governance, and investment to inform the report.

Another standout partnership announced during the week came from the U.S. Climate Alliance. This bipartisan group of 25 US governors committed to drastically increase heat pump installations in their respective states by the end of the decade. Emissions from buildings comprise more than 30 percent of the United States’ greenhouse gas (GHG) emissions, and electric heat pumps are estimated to reduce GHG emissions by an average of 45 percent compared to gas furnaces.

Not only are these government leaders partnering together to achieve measurable success – they have also highlighted the crucial role of technology in the transition to a more sustainable world.

Innovation Can Drive Faster Results

Business leaders also recognize the value of technology in addressing the climate crisis with quantifiable results. In fact, workiva’s recent global survey of corporate ESG practitioners found the overwhelming majority agreed access to technology and data will play an essential role in making decisions to advance their ESG strategies in the future.

In a Climate Week session called “ESG in the C-Suite,” I explored the use of technology and data in decision-making with Aya Kiy of Cognizant, Jamie Jones Ezefili of Northern Trust, and Amelia Pan of PJT Partners. We had an engaging panel discussion exploring how business leaders can integrate environmental, social, and governance issues into their strategy, policies, and risk management practices as well as the innovations we are considering for our own organizations. Though the event has passed, that session is now available on-demand on Workiva’s website.

Established companies and startups alike used Climate Week to draw attention to emerging innovation and tools. It’s no surprise standouts from this year shared one thing in common: AI. Google’s chief sustainability officer, Kate Brant, spoke about how Google leverages AI for forecasting floods and directing Maps users to fuel-efficient routes. Meanwhile, SPARX Logistics and TransVoyant introduced Eco, an AI-driven solution intended to help businesses monitor and reduce carbon emissions across their supply chains. The demonstrations of how AI and other new technologies might help solve some of our most pressing climate challenges were highlights of the week.

On the data collection and reporting side, my colleague, Abhay Krishna, joined Green Project and Workiva’s alliance partner, KPMG, to discuss the role of technology in managing Scope 3 emissions and regulations like CSRD. It is imperative that businesses disclose their emissions data to investors, regulators, customers, partners, and other stakeholders to be held accountable for their progress and to build momentum towards common carbon-reduction goals.

As in previous years, Climate Week showcased the intersection of collaboration and innovation as catalysts for change. But that’s not enough. We must remain committed to our goals and continue pushing for accountability from our leaders and ourselves. Events like Climate Week NYC help show us the way—but it is up to all of us, every day, to chart the path forward to a more sustainable world.

Mandi McReynolds is the chief sustainability officer at Workiva, the only unified platform for financial reporting, ESG, audit, and risk. Mandi has more than 15 years of experience leading corporate responsibility and environment, social, and governance teams across four industries. For more information, visit workiva.com.

September 29, 2023 /3BL/ – Bath & Body Works associates and contractors can now take advantage of a new wellness center and pharmacy at the company’s home office location in Columbus, Ohio. The center is serviced by their partners Premise Health and Walgreens. The grand opening was well attended and offered whole health activities for associates.

The Bath & Body Works Wellness Center is open to all Bath & Body Works associates and contractors whether or not they are enrolled in a Bath & Body Works health insurance plan.

This full-service healthcare facility is equipped to provide a variety of affordable medical and wellness services including:

Primary care, preventive servicesWalk-in examinations and treatmentPhysical therapyLab work and biometric screeningsAllergy shots and vaccinations at no cost (including flu shots)Occupational health care (injury/illness management and rehabilitation)A full-service pharmacy

“Our purpose is to make the world a brighter, happier place through the power of fragrance, and that starts with our people,” says Deon Riley, Bath & Body Works Chief Human Resources Officer. “We believe in creating a space where our associates feel supported and valued, and we’re excited to offer this new facility which makes healthcare more accessible, convenient and affordable.”

For more information on Bath & Body Works culture and associate benefits, visit bbwinc.com.