HORSHAM, Penn., September 20, 2023 /3BL/ – Sofidel, a leading global provider of paper products, has earned a Climate Pledge Friendly badge from Amazon. This label highlights Sofidel’s unwavering commitment to sustainability and environmental responsibility. 

“We’re thrilled to have received the Climate Pledge Friendly label,” said Fabio Vitali, Vice President of Marketing, Sofidel America. “This recognition reinforces our dedication to sustainability and our mission to provide our customers with products that are the highest quality while helping to preserve the planet.”

The Climate Pledge Friendly initiative is part of Amazon’s commitment to conserving the natural environment. This badge is given to products and companies that have demonstrated a commitment to sustainability and the reduction of carbon emissions. Under this badge, Sofidel is committed to routine reporting on greenhouse gas emissions and the implementation of decarbonization tactics. The goal is to achieve net-zero annual carbon emissions by 2040. 

Sofidel’s commitment to sustainability is ingrained in its corporate values and reflected throughout its practices to help reduce its ecological footprint. This commitment is demonstrated further through the  Forest Stewardship Council® (FSC®) certification of its product line. 

The badge has been received by all of Sofidel’s Papernet and NICKY products available on Amazon here.

 To learn more about Sofidel’s commitment to sustainability and its range of Climate Pledge Friendly products, visit  www.sofidel.com/en/the-group/sofidel-in-the-world/sofidel-america/

 About The Sofidel Group    

The Sofidel Group, a privately held company owned by the Stefani and Lazzareschi families, is a world leader in the manufacture of paper for hygienic and domestic use. Founded in 1966, the Group has subsidiaries in 12 countries – Italy, Spain, the UK, France, Belgium, Germany, Sweden, Poland, Hungary, Greece, Romania, and the USA – with more than 6,400 employees. A member of the UN Global Compact and the international WWF Climate Savers program, the Sofidel Group considers sustainability a strategic imperative and is committed to promoting sustainable development.  For more information, visit www.sofidel.com

###  

Media Contact: 
Christina Alvarez 
Mulberry Marketing Communications 
calvarez@mulberrymc.com 
708-908-0898 

The development and deployment of artificial intelligence (AI), particularly generative AI and large language models (LLMs), have opened up many opportunities for businesses, researchers, and society. However, these opportunities come with significant ethical considerations.

VMware adopted a comprehensive set of ethical principles for AI in 2023 to help drive fairness, accountability, sustainability, and responsibility. Materializing ethical principles for AI into concrete processes and actions can be daunting. Fortunately, the NIST AI Risk Assessment Framework (AI RMF) provides sound guidance on building trustworthy AI systems following a four-step process: Govern, Map, Measure, and Manage. While one size does not fit all, the framework is extremely useful for process planning. In addition to NIST’s AI RMF, our ethical principles for AI were also inspired by VMware’s EPIC2 values and our 2030 Agenda.

We hope the ethical principles for AI listed below can continue the conversation around AI best practices and inspire those organizations thinking about defining their own responsible AI policies:

1. Inclusiveness
Inclusiveness underscores VMware’s recognition of the fact that diversity breeds innovation. In the context of generative AI, diverse teams can contribute perspectives that help mitigate model bias, enabling the creation of systems that reflect the heterogeneity of human society.

2. Fairness
Fairness in AI is not merely an ideal; it is a necessity. Generative models, such as large language models, are trained on vast amounts of data, which inherently might contain biases. When evaluating third-party LLMs, VMware considers their commitment to detecting and mitigating these biases at various levels, from organizational norms to computational processes. Ensuring that AI systems are devoid of racial, gender, or discrimination is crucial for maintaining trust, integrity, and respect for human rights.

3. Explainability and Transparency
Generative AI models are often considered ‘black boxes’ with their inner workings being challenging to understand. VMware focuses on explainability and transparency, developing ways to understand and audit models’ outputs. Practicing transparency will foster trust and enable users to know why an AI instance generated a particular outcome, making AI more accessible to non-experts.

4. Reliability and Safety
The reliability and safety of AI systems are paramount for widespread adoption. VMware strives to develop systems that function as intended, consider potential risks, and implement control mechanisms. Generative AI involves continuous monitoring and validation and implementing risk management frameworks that reassess the AI system throughout its lifecycle.

5. Privacy and Security
Generative models often handle sensitive information. VMware’s guidelines demand adherence to privacy policies and the implementation of technologies that safeguard individual data. This is especially significant as generative AI can potentially make inferences about individuals, leading to legal ramifications. Recognizing AI models as sensitive data further extends the horizon of privacy considerations.

6. Accountability
VMware continues to develop processes that define clear lines of responsibility for each stage of AI development. Building accountability into the development process ensures that ethics are not merely a checklist but a continuous commitment. In generative AI, accountability safeguards against misuse and ensures that the principles are applied consistently.

7. Sustainability
AI’s environmental impact is an often-overlooked aspect. VMware’s commitment to net zero carbon emissions will extend to AI development, aligning it with ecological responsibility. Sustainable practices in developing large-scale generative models can significantly contribute to the global sustainability agenda.

8. Respect for Original Work Ownership
Intellectual property is central to innovation, and VMware upholds this by aligning AI development with proper legal considerations. This protects creative efforts and promotes a fair environment where innovation can flourish.

Putting it all together.

VMware’s ethical principles for AI are designed to support a comprehensive and robust framework that will help drive fairness, accountability, sustainability, and responsibility. These principles resonate profoundly in the context of generative AI, where the convergence of technological innovation and ethical mindfulness can drive the responsible development of AI systems. Following these principles will help ensure that large language models and generative algorithms contribute to technological advancement and mirror the values and principles that hold our society together. We continuously strive to put them into action across the business to ensure that the future of AI will be ethically sound, and aligned with human values and societal expectations.

Click here to view the original content

The development and deployment of artificial intelligence (AI), particularly generative AI and large language models (LLMs), have opened up many opportunities for businesses, researchers, and society. However, these opportunities come with significant ethical considerations.

VMware adopted a comprehensive set of ethical principles for AI in 2023 to help drive fairness, accountability, sustainability, and responsibility. Materializing ethical principles for AI into concrete processes and actions can be daunting. Fortunately, the NIST AI Risk Assessment Framework (AI RMF) provides sound guidance on building trustworthy AI systems following a four-step process: Govern, Map, Measure, and Manage. While one size does not fit all, the framework is extremely useful for process planning. In addition to NIST’s AI RMF, our ethical principles for AI were also inspired by VMware’s EPIC2 values and our 2030 Agenda.

We hope the ethical principles for AI listed below can continue the conversation around AI best practices and inspire those organizations thinking about defining their own responsible AI policies:

1. Inclusiveness
Inclusiveness underscores VMware’s recognition of the fact that diversity breeds innovation. In the context of generative AI, diverse teams can contribute perspectives that help mitigate model bias, enabling the creation of systems that reflect the heterogeneity of human society.

2. Fairness
Fairness in AI is not merely an ideal; it is a necessity. Generative models, such as large language models, are trained on vast amounts of data, which inherently might contain biases. When evaluating third-party LLMs, VMware considers their commitment to detecting and mitigating these biases at various levels, from organizational norms to computational processes. Ensuring that AI systems are devoid of racial, gender, or discrimination is crucial for maintaining trust, integrity, and respect for human rights.

3. Explainability and Transparency
Generative AI models are often considered ‘black boxes’ with their inner workings being challenging to understand. VMware focuses on explainability and transparency, developing ways to understand and audit models’ outputs. Practicing transparency will foster trust and enable users to know why an AI instance generated a particular outcome, making AI more accessible to non-experts.

4. Reliability and Safety
The reliability and safety of AI systems are paramount for widespread adoption. VMware strives to develop systems that function as intended, consider potential risks, and implement control mechanisms. Generative AI involves continuous monitoring and validation and implementing risk management frameworks that reassess the AI system throughout its lifecycle.

5. Privacy and Security
Generative models often handle sensitive information. VMware’s guidelines demand adherence to privacy policies and the implementation of technologies that safeguard individual data. This is especially significant as generative AI can potentially make inferences about individuals, leading to legal ramifications. Recognizing AI models as sensitive data further extends the horizon of privacy considerations.

6. Accountability
VMware continues to develop processes that define clear lines of responsibility for each stage of AI development. Building accountability into the development process ensures that ethics are not merely a checklist but a continuous commitment. In generative AI, accountability safeguards against misuse and ensures that the principles are applied consistently.

7. Sustainability
AI’s environmental impact is an often-overlooked aspect. VMware’s commitment to net zero carbon emissions will extend to AI development, aligning it with ecological responsibility. Sustainable practices in developing large-scale generative models can significantly contribute to the global sustainability agenda.

8. Respect for Original Work Ownership
Intellectual property is central to innovation, and VMware upholds this by aligning AI development with proper legal considerations. This protects creative efforts and promotes a fair environment where innovation can flourish.

Putting it all together.

VMware’s ethical principles for AI are designed to support a comprehensive and robust framework that will help drive fairness, accountability, sustainability, and responsibility. These principles resonate profoundly in the context of generative AI, where the convergence of technological innovation and ethical mindfulness can drive the responsible development of AI systems. Following these principles will help ensure that large language models and generative algorithms contribute to technological advancement and mirror the values and principles that hold our society together. We continuously strive to put them into action across the business to ensure that the future of AI will be ethically sound, and aligned with human values and societal expectations.

Click here to view the original content

​Innovative technology to calculate travel carbon emissions has highlighted rail travel as kinder to the planet with 10 times less CO2 releases, compared to driving a car.

The carbon calculations form part of the , an initiative from the rail industry, which will provide businesses with carbon calculations by the end of the year to empower business leaders to make more informed travel choices.

Calculations were based on travel, per passenger, from London to Edinburgh and studied flight travel too, which emitted 13 times more carbon than a train.

How will the data help the environment?

The rail data, which assesses several factors including journey distance and fuel type is expected to provide an industry benchmark to measure rail carbon and demonstrate its environmental benefits.

The initiative is led by the Rail Delivery Group on behalf of the rail industry, in collaboration with Great British Railways Transition Team, Thrust Carbon, Fabrik and Black Box Partnerships.

Data shows an equivalent journey from London King’s Cross Station to Edinburgh Waverley Station produced 12.5kgCO2e of carbon emissions per passenger by train, compared to 136.4kgCO2e by car and 165.1kgCO2e by plane.

Currently, emissions for this type of distance are calculated at nearly half the figure considered to be a standard measure by the Department for Environment, Food & Rural Affairs (Defra).

Travelling wisely to boost ESG credentials

Jacqueline Starr, CEO at the Rail Delivery Group, said: “We want to empower businesses to make greener travel choices. Businesses have been asking for a tool to demonstrate the environmental benefits of shifting business travel journeys from planes and cars to rail. We are now delivering this.

“We are really excited to be rolling out accurate and reliable carbon emission data for rail routes across Britain as part of our Green Travel Pledge later this year so businesses can accurately demonstrate how rail travel is helping them to reach their environmental, social and governance (ESG) goals.”

Kit Brennan, Founder and Head of Product at Thrust Carbon which assisted with development of the methodology behind the new rail carbon calculations, said: “Businesses always knew that rail was the greenest way to travel; but for the first time we now know just how much greener it is.

“This is the first time we’ve combined such granular data on occupancy, journey distance, carriage layout and a number of other factors to provide an accurate and reliable figure for greenhouse gas emissions.

“We are excited about expanding the rail carbon calculator to include rail routes across Britain to support businesses to travel more sustainably in future.”

Clive Wratten, CEO at the Business Travel Association (BTA), said: “We’ve heard loud and clear from our members and the business travel community, that consistency in carbon measurement is an imperative.

“This initiative from RDG on behalf of the whole rail industry has the potential to provide clarity and a robust green message to all parts of business travel.”

Jonathan Goldsmith, Head of Transport & Infrastructure, Acre – UK, said: “Rail travel should be fully embraced to reduce our carbon footprint whenever possible as businesses conduct more physical meetings, in addition to the virtual ones we relied heavily upon over the past three years.

“Awareness of increased emissions when driving a petrol or diesel-powered car is one thing, but now there is solid evidence to support the fact that rail travel creates 10 times less carbon emissions in comparison – a sure-fire way to ensure we are more mindful of our modes of travel.

“I applaud the innovations that empower businesses to make more sustainable travel decisions, such as the award-winning technology and intelligence from Thrust Carbon, which demonstrates the importance of utilising accurate and impactful data.”

About Acre

At Acre, we work with the most aspirational businesses with potential to make real change; from those who are just starting out to those who are well on the journey to crafting a legacy.

Our 18 years’ experience in sustainability recruitment, combined with our extensive global network, enables us to provide talent solutions that are designed to deliver this change.

Through our unique behavioural assessment technology, we understand the types of people, skills and behaviours required to create impact. We can develop these qualities within your existing teams too.

We find talented people and develop their skills to ensure they make a true impact in ambitious, progressive organisations.

Acre. Making companies ready for tomorrow.

Originally published by World Economic Forum

Diversity and inclusion (D&I) is under fire. In the United States (US), the courts recently ruled that race could no longer be a factor in university admissions, defeating affirmative action policies. There is now a passionate and polarizing debate on whether D&I strategies in the corporate environment lead to equity or bring down meritocracies.

To make matters worse, the narrative of defunding D&I initiatives in the corporate arena can unnerve companies’ small D&I teams. As we stand in the throws of this debate, it should be clear that D&I has not been a fleeting trend and remains an imperative that shapes the fabric of organizations and society.

Continue reading here.

AUSTIN, Minn., September 20, 2023 /3BL/ – Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company known for its corporate citizenship, announced today that it has received a 2023 Green Power Leadership Award from the U.S. Environmental Protection Agency (EPA) and the Market Development Award from the Center for Resource Solutions (CRS).

For more than 20 years, the EPA’s annual Green Power Leadership Awards have recognized America’s leading green power users for their commitment to using renewable electricity and advancing the nation’s green power market. The EPA and CRS presented Hormel Foods with a Green Power Leadership and Market Development awards at the 2023 Renewable Energy Markets Conference on Sept. 19.

Hormel Foods was recognized for outstanding clean energy initiatives and impact on the green power market. The company matched nearly 938 million kilowatt-hours (kWh) of green power in 2022 with renewable sourcing, which is enough to meet 100% of domestic energy use and 96% of the organization’s total energy use. By choosing green power, Hormel Foods is taking action against climate change and moving toward a cleaner, healthier and more sustainable energy future.

“To be recognized by the Environmental Protection Agency for our company’s continued commitment to green power implementation is an incredible honor,” said Mark Coffey, group vice president of supply chain at Hormel Foods. “This award is proof of the dedication and commitment our team has made to using green power and helping decarbonize the economy.”

The company’s ambitious 20 By 30 Challenge corporate responsibility goals continue to inspire significant reductions in nonrenewable energy use, greenhouse gas emissions, water use and solid waste sent to landfills. Additionally, Hormel Foods has worked with experts in the field of renewable energy to identify and execute off-site wind and solar projects, as well as on-site solar power and energy reduction projects.

The leadership at Hormel Foods implementing renewable electricity in their organization exemplifies the kind of impactful action that EPA wants to see consumers in the voluntary green power market take,” said James Critchfield, EPA’s Green Power Partnership program manager. “I commend each of the 2023 Green Power Leadership Award winners for using their leadership and influence to drive demand for green power and lead the way to a clean energy future.”

In addition to recognition from the EPA, Hormel Foods has a long-standing reputation as one of the most successful food companies in the world and has received numerous honors and accolades. The company has been named one of America’s Best Companies to Work For by U.S. News & World Report, one of the World’s Most Admired Companies by Fortune, one of America’s Most Responsible Companies for a fourth consecutive year by Newsweek and one of America’s Most Trustworthy Companies by Newsweek for a second straight year.

According to the EPA, green power use of nearly 938 million kWh by Hormel Foods is equivalent to the annual electricity use of more than 88,000 average American homes.

ABOUT HORMEL FOODS — Inspired People. Inspired Food.™

Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include Planters®, Skippy®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly®, Hormel® Black Label®, Columbus®, Jennie-O® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the “Global 2000 World’s Best Employers” list by Forbes magazine for three years, is one of Fortune magazine’s most admired companies, has appeared on the “100 Best Corporate Citizens” list by 3BL Media 13 times, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world’s most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/.

About EPA’s Green Power Partnership

The Green Power Partnership is a voluntary program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. In 2021, the Partnership had more than 700 Partners voluntarily using more than 85 billion kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium sized businesses; local, state, and federal governments; and colleges and universities. For additional information, please visit www.epa.gov/greenpower.

Contact: Media Relations 
media@hormel.com

SOURCE Hormel Foods Corporation

Gildan is proud to share that its San Pedro de Macoris and Las Americas sewing facilities in the Dominican Republic have become the Company’s first ISO 45001 certified factories, marking an important milestone in the organization’s safety journey. This achievement is the first step of many towards reaching the Company’s goal of obtaining the ISO 45001 certification for all Company-operated facilities by 2028, as part of Gildan’s Next Generation ESG strategy

“As a manufacturing company, we understand the deep responsibility we hold in protecting and fostering the physical and mental well-being of our employees,” says Mike Albright, Vice-President, Health, Safety, and HR Manufacturing at Gildan. “By committing to the realization of this safety goal, Gildan is emphasizing the value we place on operating with the utmost respect for our people.”

As part of Gildan’s Next Generation ESG strategy, the Company is implementing new processes to prioritize, standardize, and accelerate health and safety on the factory floor at its sites worldwide. The Company plans to achieve this through the ISO 45001 certification: a global management system that promotes health and safety performance championed by senior management, and one that includes a high degree of employee involvement and participation.

Gildan’s implementation of ISO 45001 is well underway in the Dominican Republic, which the Company has chosen as the pilot region for the realization of its 2028 goal. Leveraging its learnings from the Dominican Republic, Gildan will work towards implementing the standard across facilities in its other regions as well. Currently, the Company has begun initial phases of the process or is carrying out gap assessments to identify the actions that must be taken to achieve the ISO 45001 certification in its other factories. With the help of its facility managers worldwide and its dedicated health and safety teams, the Company is on the right track to reaching its target in the next five years.

“Ensuring the health and safety of our workers is one of the most essential ways in which we uphold our promise to operate responsibly,” finishes Mike Albright.

Find out more on how Gildan makes its apparel with respect for its people by clicking here.

CLEVELAND, September 20, 2023 /3BL/ – KeyBank Community Development Lending and Investment (CDLI) and KeyBanc Capital Markets provided $71.8 million construction and permanent 501(c)(3) bond financing utilizing a combination of direct bank debt and Fannie Mae M.TEBs for Greenfield Commons Phase 1, a 100-unit affordable housing project, located in Greenfield, CA, 33 miles southeast of Salinas, CA.

The project is being developed by EAH Housing (EAH), Inc, and includes 99 family units and 1 manager unit. There are 27 units with Project-based vouchers set aside for families and farmworkers. The residential units are being built by Nashua, an off-site modular manufacturer in Boise, ID and Swinerton is the general contractor.

KeyBank CDLI provided a $15.99 million taxable construction loan to collateralize Fannie Mae forwardMBS Tax-Exempt Bond (MTEB) public bond offering and $55.38 tax-exempt direct purchase loan to bridge California Accelerator program funds. KeyBanc Capital Markets purchased $55.4 million of 501c3 bonds and provided a floating-to-fix interest rate swap derivative on both loans ($71.37) million.

EAH also received $51.3 million from the California HCD Accelerator funds with an additional $4.6 million from the California Accelerator Supplemental funds. The California Accelerator funds are from Federal COVID relief money in lieu of tax credits. Tax credit and bond allocations were insufficient to fulfill California’s affordable housing development demand, and these funds are California’s solution for priority projects. Other financing includes $350,000 from Monterey County CDBG funds, $1.9 million Monterey County Housing Trust Funds, $9.0 million in Joe Serna, Jr. Farmworker Housing Grant funds, and $400,000 in Build Funds.

EAH Housing is a non-profit corporation founded with the belief that attractive affordable rental housing is the cornerstone to sustainable, healthy, and livable communities. EAH Housing is an established successful nonprofit affordable housing developer founded in 1968. Since then, EAH Housing has become one of the largest and most respected nonprofit housing development and management organizations in the western United States. With a staff of over 700, EAH develops affordable housing, manages 230 properties in California and Hawai‘i, and plays a leadership role in local, regional, and national housing advocacy efforts.

Matthew Haas, Hector Zuniga, and Keven Ruf of KeyBank CDLI structured the financing with construction lending and Fannie Mae agency debt. Ila Afsharipour of KeyBanc Capital Markets Public Finance Group provided the bond underwriting.

About KeyBank Community Development Lending and Investment

KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 10 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.

About KeyBanc Capital Markets

KeyBanc Capital Markets is a leading corporate and investment bank providing capital markets and advisory solutions to dynamic companies capitalizing on opportunities in changing industries. Our deep industry expertise, broad capabilities and unique ideas are seamlessly delivered to companies across the Consumer & Retail, Diversified Industries, Healthcare, Industrial, Oil & Gas, Real Estate, Utilities, Power & Renewables, and Technology verticals. With over 800 professionals across a national platform, KeyBanc Capital Markets has more than $50 billion of capital committed to clients and an award-winning Equity Research team that provides coverage on nearly 600 publicly traded companies. Securities products and services are offered by KeyBanc Capital Markets Inc., member FINRA/SIPC, and its licensed securities representatives, who may also be employees of KeyBank N.A. Banking products and services, are offered by KeyBank N.A.

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 $195 billion at June 30, 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 1,300 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.

Sustainability is front-of-mind for the packaging industry as large companies pursue ambitious objectives to meet consumer demands and achieve higher environmental standards.

To support these efforts, HDG—a machine builder based in Germany and a member of The Packaging Group—is redesigning its machines to help its customers use natural packaging materials, minimize resources, reduce electricity, and monitor energy consumption. And to help make that happen, HDG is making use of Rockwell Automation (NYSE: ROK) industrial automation technologies.

In a recent successful project, HDG helped a large European manufacturer rethink product packaging to increase recyclability and reduce energy consumption. The European manufacturer wanted to transition from traditional laminated film packaging, which is difficult to recycle, to 100% recyclable, paper-based bagging.

HDG, which specializes in the horizontal form, fill, and seal systems used to fill and seal bags, is also working with Rockwell to develop an energy monitoring solution that will help the European manufacturer access and visualize data to reduce energy use. As an early result of this work, HDG has uncovered an opportunity to lower the temperature of the heat used to seal bags—which will reduce energy costs by 20%. The video above provides further insights.

Learn more about this innovation in industrial packaging, and how Rockwell is helping original equipment manufacturers (OEMs) like HDG to re-engineer machines for sustainability.

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