Tag: 3BL

New York Climate Week is approaching rapidly, bringing together delegates to discuss solutions for a sustainable future, acting as a beacon of hope, innovation, and above all, action. How can we leverage this annual global summit as a launching pad for a sustainable future we collectively envision and build, one impactful step at a time? 

In his blog post, Lee Green, Senior Director of Marketing and Communications at the SAC shares insights on how the industry can collaboratively move from awareness to driving impact.

Read his blog post titled, New York Climate Week: Moving Beyond Awareness to Driving Impact on the SAC website.

CLEVELAND, September 18, 2023 /3BL/ — KeyBank’s Key4Women will present “Mind Your Money Story: Stop the Scarcity Spiral and Confidently Ask for What You Want”, a free, one-hour virtual event on Friday, September 29th, at 12 p.m. eastern standard time.

The webinar will feature Zovig Garboushian, CEO of Boldness Ablaze Coaching. Garboushian will give participants a way to understand their own relationships, where they began, and how to change them so they can stop holding back and go after the money they want and deserve.

In this webinar participants will learn:

An understanding of their own beliefs and stories about money that might hold them back and how to face them.
 Four mindset distinctions to help them understanding their relationships with money including:Scarcity v. AbundanceNiceness v. ClarityGetting Paid v. Being a CreatorWanting Money v. Being Ready to Receive  
 Small steps they can take to begin to shift their thinking and behavior with money.

“Women face many obstacles that prevent them from feeling confident financially,” said Rachael Sampson, Key4Women Leader. “It is our hope that participants walk away with tips and tools to help them overcome those obstacles and feel secure with their finances. Key4Women is excited to bring Zovig to our audience and share her knowledge with us all.”

For more information, visit key.com/women, or register online by September 28th here.

About KeyBank
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.

NEW YORK and DENVER, September 18, 2023 /3BL/ – The International WELL Building Institute (IWBI), the global authority for driving market transformation through healthy buildings, organizations and communities, today released the Lakehouse case study, which demonstrates how an organization can utilize WELL to reach their health and well-being goals.

Focused on NAVA Real Estate Development’s (NAVA) Lakehouse, a for-sale mixed-use multifamily residential project in Denver, Colorado, the publication explores the successes and challenges encountered throughout the process, as well as the economic costs and benefits observed following the organization’s WELL Certification achievement.

As one of the first multifamily residential projects in the US to achieve WELL Certification, Lakehouse’s analysis demonstrated that WELL Certification helped the project stand out in comparison to other developments. The property’s health and wellness-focused design and amenities attracted significant interest, resulting in favorable sales prices for the condos and competitive rent prices for its on-site retail spaces.

The case study considers the process of WELL Certification through the lens of four concepts within the WELL Building Standard – Air, Light, Nourishment and Fitness (Movement under WELL v2). To fulfill some of the requirements under the Air concept, Lakehouse is equipped with a MERV-13 building air filtration system, which helps support optimal indoor air quality. Additionally, healthy building entrances, with walk-off systems, help to mitigate particle pollution upon entry into the building. In terms of Light, Lakehouse was designed with an exterior façade that is 55% glass, allowing for clear views of Sloan’s Lake, downtown Denver and the Rocky Mountains, as well as helping maximize daylight within the residences and common areas. Floor-to-ceiling low emissivity, performance glass windows also helped increase sunlight in interior spaces, while minimizing heat transmission and visual glare discomfort.

“It’s exciting to see an organization like NAVA embrace WELL and work so diligently to ensure that residents are benefiting from its evidence-based health and well-being interventions,” said Rachel Hodgdon, President and CEO of IWBI. “By sharing this case study, which highlights NAVA’s own health leadership in the multifamily sector, we’re able share lessons from their experience and inspire others to take their own WELL journey.”

On Nourishment and Fitness, Lakehouse includes a professionally managed organic urban farm that produces 1,700+- pounds of produce each season, depending on the crop variety, and an indoor wellness center overlooking Sloan’s Lake, which includes a fitness lab for strength training and cardio workouts and a yoga and meditation studio, allowing for year-round programming.

These four concepts represent a portion of WELL requirements that were leveraged to achieve WELL Certification, a vehicle for buildings and organizations to deliver more thoughtful and intentional spaces that enhance human health and well-being. WELL includes a set of strategies—backed by the latest scientific research—that aim to advance human health through design interventions and operational protocols and policies and foster a culture of health and well-being.

Through a three-year study conducted by Colorado State University’s Institute for the Built Environment (IBE), NAVA found that implementation of WELL features measurably and positively impacted residents’ physical and mental well-being across 36 statistically significant markers. Simultaneously, NAVA set out to better understand how the implementation of WELL Certification impacted its financial returns – and could potentially drive other organizations’ financial returns.

“At Lakehouse, we had the opportunity to measure both the social and financial impacts of investing in human health and well-being through real estate. We found compelling evidence of a meaningful benefit on both accounts and in ways we had not expected from our initial modeling,” said Brian Levitt, President and Co-Founder of NAVA Real Estate Development. “We are happy to share our analysis of the financial impact of WELL at Lakehouse with the development community and hope it will provide teams with a replicable model for prioritizing human and environmental health in residential projects everywhere.”

In conducting its analysis of the economic benefits derived from advancing the evidence-based health strategies in WELL, NAVA developed its own ROI tool that helps provide a fuller picture of these potential financial benefits. From an economic standpoint, a company’s investment in its people is 125x more than it is in energy for a typical building. Based on that data, NAVA’s tool shows that a projected 10% improvement in employee health would translate to an estimated $2.5 million in benefit, while a 10% reduction in energy spending would yield an estimated $20,000 benefit.

“What we learned through this process is the way that investing in strategies such as WELL Certification that are designed to optimize resident health and well-being can provide a variety of returns across a variety of both social and financial markers which will ideally elevate the perceived value of making design decisions that prioritize our built environment and its occupants, going forward,” added Levitt.

Download the full Lakehouse case study here.

About the International WELL Building Institute 
The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people-first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL) and WELL ratings and certifications, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.

International WELL Building Institute pbc is a wholly owned subsidiary of Delos Living LLC. International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL Portfolio, WELL Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rating, WELL Health-Safety Rated, WELL Equity, WELL Performance Rated, WELL Performance Rating, Works with WELL, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute pbc in the United States and other countries.

About NAVA 
NAVA Real Estate Development (“NAVA”) is a real estate investment and development company founded in 2013. NAVA strives to develop architecturally significant buildings in prime locations that blend quality, function and design. The name NAVA comes from a Hebrew word meaning “beautiful,” and NAVA is committed to building communities that positively impact people’s lives and prioritize wellness. The firm is built on the belief that functional and healthy spaces yield meaningful economic and social benefits. NAVA is proud to work with the best teams, resources, and technology to help ensure the greatest economic, social, and environmental success for our participants and communities.

In 2020, NAVA completed Lakehouse, Colorado’s first WELL Gold Certified community. Lakehouse was named “Innovative Development of the Year” at the NAIOP Colorado’s Annual Awards of Achievement and “Best Health & Wellness Design Solution” at the PCBC Gold Nugget Awards.

NAVA is a Certified B Corporation spearheading a global movement to redefine success by voluntarily meeting the highest standards of accountability and performance. For more about NAVA, please visit www.navareal.com.

Media contact: 
media@wellcertified.com

By: Giorgia Giove, Marketing Manager – Away from Home, Sofidel 

Americans use an average of 141 rolls of toilet paper per person annually, more than citizens of any other country.1 As climate change continues to drive businesses to consider ways to reduce carbon emissions, a debate has ensued over whether using recycled or non-recycled (virgin) fibers is a more environmentally friendly means of producing the large volume of toilet paper Americans consume.

The word “recycled” often evokes a sense of caring for the earth, efforts to conserve natural resources and consciousness of climate change. This makes sense since recycling, in general, can be an effective method of reducing landfill waste (especially single-use plastic), which contributes to global warming.2

However, when it comes to selecting paper products like toilet paper and paper towels, organizations should carefully consider the environmental impact of the product’s entire life cycle, not just whether it is made from recycled or virgin fibers. In many cases, this decision-making can reveal potential pitfalls of recycled paper and show how virgin fibers can be a superior option in terms of both sustainability3 and quality.

Potential Pitfalls of Recycled Paper

Examining the potential drawbacks of using recycled fibers, which may not be obvious at first, can help facility managers make more informed decisions. These include a finite life cycle, low quality and misleading branding.

Paper can’t be recycled infinitely: Paper fibers shorten each time they are recycled. For this reason, paper products can only reasonably be reused five to seven times.4 In addition, it is not possible for buyers to know how many times fibers have been recycled, making it difficult to gauge the effectiveness of some recycled products.There are quality concerns with recycled fibers: Overused fibers can result in inconsistencies, low quality and poor performance. This can create an unpleasant restroom experience that may damage brand reputation.5 Toilet paper and paper towels made from recycled fibers also provide less absorbency and softness than virgin fibers. Since research shows that strength, absorbency and softness are the three attributes Americans value in public restroom toilet paper,6 facility managers should prioritize these qualities as well as environmental impact when selecting paper products.The real meaning of ‘recycled’ is fluid: Companies often boldly claim that their products are “green,” “sustainable,” or “recycled.” However, if a brand’s packaging does not identify the paper product as “100% recycled,” it may have been recovered using energy generated from coal. Because it is contributing to greenhouse gas emissions and using excess energy, recycled paper that does not meet the 100% mark may as well have not been recycled at all. Finally, 30-35% of the fibers used to make tissue paper and pulp are lost during the recycling process. A better use for recycled fibers is for producing materials like packaging paper and cardboard, which generate less than 20% of the waste compared to recycled tissue paper.7

The Lowdown on Virgin Fibers

It is important to examine the source with paper made from virgin fibers. Some producers have innovative, sustainable strategies and new technologies that enable virgin paper production to be an environmentally responsible solution. Look for products certified by the Forest Stewardship Council (FSC)8, a non-profit that makes sure products originate from “responsibly managed forests that provide environmental, social and economic benefits.” After finding a paper producer that uses virgin fibers responsibly, suppliers may find that virgin fibers actually offer a variety of benefits, including minimizing environmental impact, increasing the quality of the products in their inventory and improving the hygiene of their paper products.

In terms of sustainability, recent research sheds light on the environmental impact of virgin fibers compared to recycled fibers. In studies comparing toilet tissue made from virgin fibers to recycled fibers, researchers found that even though it contained twice as much fiber, the virgin product released fewer greenhouse gases, generated less waste and required less water than the recycled fiber product. The studies accounted for the entire lifecycle of the products, including the environmental harm inflicted during the production process of recycled products. The researchers also found that the “global warming potential,” or the amount of carbon dioxide equivalents released during the product’s lifecycle, was greater in the recycled option.9

On the subject of quality, virgin fibers create paper that has higher absorbency rates and better ink color and retention, and is softer and more durable. Because they are stronger and more reliable, virgin fiber products give customers an enhanced experience, an invaluable asset in an age when negative restroom experiences can quickly go viral.

In addition to environmental and quality advantages, the right virgin paper products also provide better hygiene than recycled products. The modern production process of virgin fibers is much more hygienic than recycled paper mills and generates energy needed by burning waste wood rather than relying on electricity or fossil fuels like recycled mills. The virgin production process creates no bacteria-harboring starches and leaves behind no slime found in some recycled products.10

Overcoming Paper Product Misconceptions

When it comes to purchasing paper products like toilet paper and paper towels, facility managers should be wary of declarations like “green,” “sustainable” or “recycled.” Taking a closer look at the differences between virgin and recycled fibers can help uncover the hidden pitfalls of recycled paper. Products made from virgin fibers are, in fact, ideal for businesses looking to minimize their carbon footprint, boost the quality of their paper products and deliver a pleasant restroom experience for guests.

Giorgia Giove is Marketing Manager for the Away from Home business at Sofidel, a world leader in the manufacture of paper for hygienic and domestic use, including its Papernet brand. For more information, visit www.papernet.com/americas. 

1 https://www.statista.com/chart/15676/cmo-toilet-paper-consumption/

2 https://www.theguardian.com/environment/2019/may/15/single-use-plastics-a-serious-climate-change-hazard-study-warns

3 https://www.domtar.com/en/resources/paper-information/paper-insights-library/certified-virgin-paper-plays-important-role

4 https://earth911.com/business-policy/how-many-times-recycled/

5 https://www.qsrweb.com/blogs/qsr-restrooms-small-space-big-brand-impact/

6 https://www.aviationpros.com/airports/consultants/press-release/21088896/sofidel-toilet-paper-trifecta-new-survey-reveals-americans-prefer-strength-absorbency-and-softness

7 Giner-Santonja, Germán & Suhr, Michael & Klein, Gabriele & Kourti, Ioanna & Gonzalo, Miguel & Roudier, Serge & Sancho, Luis. “Best Available Techniques (BAT) Reference Document for the Production of Pulp, Paper and Board.” (2015).

8 https://us.fsc.org/en-us/who-we-are

9 The International Environmental Product Declaration (EPD) System. “Life Cycle Assessment of Products: Toilet Paper: Lucart Strong and Lucart Eco.” (2019). Life Cycle Assessment of Products: Bath Tissue Lucart Strong 10 Rolls and Bath Tissue Lucart Eco 10 Rolls by Lucart Group.” Italy. (2018).

The International Environmental Product Declaration (EPD) System. “Life Cycle Assessment of Products: Toilet Paper Aloutte 10 Rolls 3 Plies, Kitchen Towel Aloutte 4 Rolls and Handkerchief Aloutte 30×10 Produced by Sofidel Group.” Germany. (2019).

10 https://www.ncbi.nlm.nih.gov/pubmed/20544256

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:    

Brianna Fitzpatrick 

Mulberry Marketing Communications 

bfitzpatrick@mulberrymc.com 

HOUSTON, September 18, 2023 /3BL/ – The Baker Hughes Foundation announced Monday a third grant to One Tree Planted that enables the nonprofit organization to achieve a total of 1 million trees planted across 17 countries as a result of the Foundation’s contributions.

The grants, which support One Tree Planted’s environmental and social impact efforts across the globe, now total $1 million over three years. In 2021, the grant helped plant 268,000 trees, and in 2022, 350,000 trees were planted. The 2023 award will fuel global reforestation efforts, in the amount of 382,000 trees, in several areas where Baker Hughes conducts business: the Andes region of South America; British Columbia, Canada; China; France; Germany; Scotland; and Texas, U.S.

“This milestone speaks to our commitment to environmental sustainability, and I want to recognize the contributions of our employees, who last year came together across the world to plant trees in the areas where we work and live,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “I am grateful for their continued dedication to our sustainability goals and am inspired by what we and One Tree Planted can accomplish together.”

One Tree Planted is a nonprofit organization focused on global reforestation. Their mission is to make it simple for anyone to help the environment by planting trees to restore forests, create habitats for biodiversity, and make a positive social impact around the world. With an emphasis on vulnerable areas that need support, One Tree Planted also provides an opportunity for organizations to impact communities through education and awareness of tree-planting projects.

“We all have a role to play in protecting the environment and combating climate change, and we admire the Baker Hughes Foundation’s continued dedication to being a force for good,” said Matt Hill, founder of One Tree Planted. “With the Baker Hughes Foundation’s impressive commitment to giving back to the environment by planting 1 million trees to date, we are making a powerful impact for nature and communities in 17 countries around the world.”

This grant aligns with the Baker Hughes Foundation’s mission of promoting environmental outcomes such as nature-based climate solutions and biodiversity. This donation also supports Baker Hughes’ commitment to advancing the United Nations’ Sustainable Development Goals (SDGs) – specifically SDG 12 to ensure sustainable consumption and production patterns.

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

About the Baker Hughes Foundation: 

For 25 years, the Baker Hughes Foundation has been a steward of charitable resources for meaningful community impact. The Foundation seeks to advance environmental quality, education, health, safety, and wellness around the world by supporting organizations with shared values, demonstrated leadership, evidence of impact, financial soundness, and the capacity to implement initiatives and evaluate their success. The Baker Hughes Foundation makes strategic philanthropic contributions, matches Baker Hughes employee contributions, and awards volunteer recognition grants for outstanding employee community service.

About Baker Hughes

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

For more information, please contact:

Media Relations 

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

Ceres President and CEO Mindy Lubber issued the following statement following remarks by Gov. Gavin Newsom of California today at the start of Climate Week NYC 2023.

“In so many ways, California has been a leader in the nation and around the world by pioneering the bold climate and energy policies necessary to confront the climate crisis and capitalize on the massive economic opportunity in the clean energy transition. Now, the state is poised to set another leading standard to increase corporate transparency and help to mitigate financial and climate risk.

“These two first-in-the-nation bills will provide unprecedented insight into corporate climate emissions and financial climate risk. This is exactly the kind of policy framework that investors have long sought to better understand how companies are working to manage and mitigate the immense financial impacts of the climate crisis. Notably, the package also has the support from more dozens of leading businesses that recognize the massive opportunity of the shift to a low-carbon economy and deserve a standardized and consistent platform to showcase their efforts.

“We commend State Senators Scott Wiener and Henry Stern for the leadership on this issue and applaud Gov. Newsom’s commitment to cement California’s position as a climate leader by signing these bills into law.”

A longtime supporter of corporate climate disclosure requirements, Ceres, is a co-sponsor of SB 253 and SB 261, which both passed in the California State Assembly last week. SB 253 will require companies that do business in California and earn at least $1 billion annually to report climate pollution across their supply and value chains. SB 261 will require companies with revenue over $500 million to report on their climate-related risks.

Ceres has rallied company and investor support for SB 253 and SB 261 throughout 2023. More than 30 companies, institutions, and industry groups support one or both bills, demonstrating significant corporate support for the reporting requirements; companies including Microsoft, Sierra Nevada Brewing, Adobe, Atlassian, IKEA USA, Palo Alto Networks, and REI Co-op each signed at least one letter. Salesforce, Apple, and Google also issued their own statements in support of SB 253, as did clothing industry groups including the American Apparel & Footwear Association.

The bills complement the U.S. Securities and Exchange Commission’s proposed rule requiring climate disclosure for public companies, as well as the global standards expected to be finalized this year by the International Sustainability Standards Board. Because the California bills apply to both public and private companies over certain revenue thresholds, they will broaden the coverage of companies required to provide information beyond the SEC’s proposed disclosure standards. SB 253 will apply to more than 5,300 companies and SB 261 will cover more than 10,000 companies.

Ceres, businesses, and co-sponsors will hold a media availability at Climate Week Hub Live to discuss the significance of California’s nation-leading climate transparency legislation. Hear from Ceres CEO and President Mindy Lubber, California State Senators Scott Wiener and Henry Stern, and business representatives discuss this historic legislation. See details here. RSVP to mediainquiries@ceres.org if you’d like to attend.

About Ceres

Ceres is a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges. Through our powerful networks and global collaborations of investors, companies and nonprofits, we drive action and inspire equitable market-based and policy solutions throughout the economy to build a just and sustainable future. For more information, visit ceres.org and follow @CeresNews.

LINCOLN, Neb., September 18, 2023 /3BL/ – The Arbor Day Foundation will convene a forward-thinking group of corporate leaders during Climate Week in New York City next week. Known as the Evergreen Alliance, the cohort includes some of the Foundation’s corporate partners including Verizon, HP, Marriott, L’Oreal, International Paper, Georgia-Pacific, Salesforce, Procter & Gamble, MetLife, FedEx and UPS.

“Trees are taking on a new level of importance as more people begin to discover their ability to slow the effects of climate change. Our corporate partners recognize that—now more than ever—tree planting is underscored with urgency,” said Dan Lambe, chief executive of the Arbor Day Foundation. “We’re proud to collaborate with a diverse group of industry leaders eager to expand their impact and further deepen their understanding of sustainability.”

During Climate Week, the Evergreen Alliance will meet to discuss biodiversity and how trees can help foster healthy ecosystems. Some partners will also participate in a walking tour through Brooklyn, focused on urban heat and its effects. Through membership in the Alliance, the corporate organizations will both expand their knowledge of the importance of trees and provide insight back to the Foundation via discussions on emerging sustainability trends and strategies.

Researchers have long pointed to trees as one of the most scalable and cost-effective ways to fight climate change. By capturing carbon and reducing heat, trees are a nature-based solution to some of the world’s most pressing problems. Through its extensive network of planting partners, the Arbor Day Foundation has helped countless corporations initiate real impact in communities around the world while simultaneously guiding them closer to achieving their own sustainability goals.

Climate Week NYC is the largest annual event of its kind, bringing together business leaders, lawmakers and environmental activists from around the world. The event is hosted by Climate Group and held in partnership with the United Nations General Assembly.

About the Arbor Day Foundation

Founded in 1972, the Arbor Day Foundation is the largest nonprofit membership organization dedicated to planting trees. Together with our partners, we have helped plant more than 500 million trees in neighborhoods, communities, cities and forests throughout the world. Our vision is to lead toward a world where trees are used to solve issues critical to survival. Through our members, partners and programs, the Arbor Day Foundation inspires people across the globe to plant, nurture and celebrate trees. More information is available at arborday.org.

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Dallas Startup Week exists to bring together entrepreneurs and change-makers for collaboration and learning. Held at The Star in Frisco, Texas from September 10-14, 2023, this free 5-day experience provided a space for attendees to network, exchange ideas, and grow the local business community. Participants attended lectures and discussions by subject-matter experts, networking sessions, and other specialized events.

Founded in 2015, Dallas Startup Week was created by The DEC Network, a nonprofit partner of Texas Capital, who strives to drive innovation and economic impact by helping entrepreneurs start, build and grow their businesses. Dallas Startup Week is The DEC Network’s largest, premiere event for DFW small business owners and entrepreneurs.

On Thursday, September 14, 2023, Texas Capital hosted a panel discussion during Dallas Startup Week called “Show Me the Money.” The conversation covered ways to access various types of capital in different stages of entrepreneur’s business cycle. The panel featured Josh Seaman (Texas Capital), Keith Dean (Texas Capital), and Todd Adams (Lendistry) and was moderated by Michelle George (Texas Capital).

“Texas Capital is proud to support The DEC Network and were honored to host a panel during Dallas Startup Week,” said Michelle George, director of Community Relations at Texas Capital. “The opportunity for small business owners in North Texas is vast and Texas Capital was excited to highlight ways entrepreneurs can access different types of capital during their business lifecycles.”

Click here to learn more about Dallas Startup Week and here to learn more about The DEC Network.

About Texas Capital

Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the firm is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. For more information, please visit www.texascapital.com.

ROCHESTER, N.Y., September 14, 2023 /3BL/ – Today, Paychex, Inc. announced the release of its 2023 Environmental, Social, and Governance (ESG) Report. The report details the actions the company, a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, is taking with the goal of “Working for a Better World.”

“We’ve been committed to doing business the right way since Paychex was founded more than five decades ago – working for a better world is part of our DNA,” said Stephanie Schaeffer, chief legal and ethics officer at Paychex. “With approximately 740,000 clients entrusting us with their most critical business processes, we continuously hold ourselves to high ethical standards. We’re leaning into our core values to drive our ESG efforts and are committed to responsible stewardship for all of our stakeholders.”

The 2023 ESG Report highlights the impact Paychex has made to date and new initiatives related to the nine pillars of the company’s ESG program:

Ethics – In 2023, Paychex celebrated its 15th appearance on the Ethisphere World’s Most Ethical Companies list, which honors a select group of companies that demonstrate exceptional commitment to business integrity through best-in-class ethics, compliance, and governance practices. 
 Governance – To align executive compensation more closely with ESG goals, DEI and ESG program improvement goals were included as a qualitative component to incentive plan metrics for all executives, starting with the last fiscal year. 
 Privacy and Security – The privacy and security of confidential client and employee information is a top priority. Paychex keeps personal and account data secure by adhering to top-rated security protocols. The company’s leadership is demonstrated through independent security rating services such as Security Scorecard and BitSight, providing external validation of the Paychex cybersecurity program. 
 Diversity, Equity, and Inclusion (DEI) – Paychex launched the DEI Advisory Board, chaired by the CEO, to align efforts through strategic task forces to move DEI actions throughout the company. Prioritization remains on amplifying diverse voices through recruitment, employee business resource groups, mentorship programs, training, and pay equity. Last fiscal year, in (FY23), 61% of Paychex employees were female and 53.5% of leadership roles within Paychex were held by women. 
 Employees – Paychex is committed to supporting the well-being and professional growth of its more than 16,000 employees. The company’s training programs have earned the distinction of being named to Training Magazine’s APEX award list of the Top Training Organizations 22 consecutive times. In FY23 Paychex ranked fifth on the 2023 list, and delivered nearly 5,700 workforce training, skills, and leadership development programs. 
 Environment – To align with the shifting guidance on reducing energy consumption and greenhouse gas (GHG) emissions, Paychex has committed to updating its environmental policy at least once a year, performing enterprise-wide risk assessments, assessing the energy efficiency of data centers, and has announced its ambition to achieve net-zero GHG emissions by 2050. By restricting paper mailings to only those clients who opt into the policy or as required by state and federal regulations, the company has avoided printing and distributing more than 43 million sheets of paper during the last fiscal year. In efforts to reduce waste generated in its facilities, Paychex recycled 74.8 metric tons of electronic waste in U.S. operations in FY23. 
 Community – Paychex is committed to supporting strong and vibrant communities. In FY23, the Paychex Charitable Foundation made its first gifts in support of its strategic initiative focused on well-being. The initiative directs $1 million in funding each year for the next four years to Mental Health America, Feeding America, Junior Achievement USA, and the National Urban League for a total investment of $4 million to support mental health, physical health, financial health, and professional skills development. 
 Empowering Businesses – Paychex is committed to helping businesses navigate a new era of work, and this Client Impact Report details how the company is making a difference in the lives of approximately 740,000 clients and processing payroll for 12 million U.S. private sector employees.  
 Occupational Safety – The Paychex Safety and Ergonomics team works to provide all employees with access to various safety information, resources, and training material. The team’s efforts led to a 61% reduction in the number of reported new workers’ compensation claims in the last five years.

Visit paychex.com/corporate/corporate-responsibility to download the Paychex 2023 ESG Report: Working for a Better World. The recently published FY23 Annual Report can also be downloaded on the Investor Relations site.

About Paychex 
Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves approximately 740,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn more, visit paychex.com and stay connected on Twitter and LinkedIn.

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Media Contacts 

Samantha Jean 
Public Relations Program Manager II 
Paychex, Inc. 
(585) 218-6086 
skjean@paychex.com 
@Paychex

Colleen Bennis 
Account Director 
Matter Communications 
(631) 357-6392 
cbennis@matternow.com

Logitech has been honored by the Swiss association, the Cercle Suisse Des Administratrices (CDSA), winning their annual award for efforts in promoting diversity across the organization. The CSDA does important work and it’s a cherished prize.

A nine-person jury composed of prominent members of the Swiss media, academic and economic community assessed Logitech amongst other organizations, judging social impact performance from objectives and culture to diversity at all levels of the company. In particular, they were interested in Logitech’s approach to gender diversity.

The CSDA tracks gender diversity in Switzerland using the Schilling Report from executive search firm Schilling Partners. This year’s report finds that, for the first time, more than half (52%) of the 100 largest Swiss employers employ at least 3 women on the board, and that, equally, the share of companies with at least 3 women on the executive team is now 20%.

Logitech looks strong in light of these figures, with more than 30% women on the board, leadership team and employee level. And Logitech is the only company on the Swiss market Index (SMI) with a female chair – Wendy Becker. Nevertheless, it’s clear that gender diversity goes much further than executive and board level – it’s a question for all people – and that there’s more to diversity than gender.

This broad approach was one of the many reasons that the CSDA awarded Logitech the prize – a recognition of work across the organization, on diversity and inclusion as a whole, as well as on environmental impact. Delphine Donné, head of Personal Workspace Solutions business group, and a number of P&C and DEI representatives based in Switzerland represented Logitech at the prize-giving, receiving the award on behalf of the whole company.