Tag: 3BL

Originally published in Eaton’s 2022 Sustainability Report

The world is experiencing some of the most important secular growth trends that we will see in our lifetime: the rise of digitalization and the energy transition from fossil fuels to renewables—changes being driven by unprecedented growth in electrification and climate change.

We’re responding by deploying our four-part sustainability strategy, which addresses environmental, social and governance issues. It also allows us to meet today’s changing power management needs, while making good on our mission to improve the quality of life and the environment.

Within our four part strategy sit our 2030 sustainability targets, which include reducing the carbon emissions from our operations by half, lowering product and supply chain emissions, certifying all manufacturing sites as zero waste to landfill, and achieving carbon neutral operations. We have also set targets to further enhance employee safety, development and engagement, and to provide more transparency into the progress we’re making toward achieving our ESG goals.

Our 2030 sustainability targets

Creating sustainable solutions 

15% reduction in Scope 3 emissions$3 billion in sustainable research and development

Reducing our footprint 

50% reduction in Scope 1 and Scope 2 greenhouse gas emissionsCarbon neutral by 2030100% manufacturing sites certified zero waste to landfill10% manufacturing sites certified zero water discharge

Engaging our employees and communities

80%+ employee engagement rating12 hours training and development per employee each year250,000 hours of volunteer time per year

Doing business right and transparency

50%+ improvement in safety metricsNo human rights violations from key suppliersReport priority ESG issues per SASB and TCFD frameworksDisclose U.S. minority and global gender pay equity assurance results

Read the full report here

New Holland Agriculture, a brand of CNH Industrial, recently attended the 31st Aapresid Congress, the Argentine Association of Producers in Direct Sowing, which took place at the Metropolitan Convention Center of Rosario, Santa Fe, from August 9 to 11.

The motto of the 31st Aapresid Congress was “C, element of life”, in reference to Carbon and the importance of improving soils to fight climate change. With this, New Holland took the opportunity to present the T6 Methane Power tractor, which has been recently acclaimed for its performance and sustainable design.

“It is a pleasure for us to participate in this renowned Congress that is synonymous with innovation and technology, representing attributes for our brand. The T6 Methane Power tractor features the latest technology and is powered by nature itself. In this way, we include our customers in the challenge of producing more and in an increasingly sustainable way,” said Tomás Liceda, Commercial Director of New Holland Argentina.

With the T6 Methane Power tractor, the reductions in matter emissions exceed 90% and achieve a reduction of up to 80% of CO2 compared to a diesel tractor, maintaining the same performance as a similar conventional one. By using biomethane, the carbon footprint of rural property can reach zero. With this, CNH Industrial is proud to showcase its T6 Methane Power tractor as a symbol for its strong commitment to sustainability.

RESTON, Va., September 14, 2023 /3BL/ – CACI International Inc’s (NYSE: CACI) engineers are adept at using unexpected resources to drive innovations that create mission critical solutions, as shown by the development of the cyber range training tool, City Block. City Block was recognized as an award-winning capability that is helping the U.S. government to secure the nation from cyber threats. Most recently, City Block won the Made with Unity Recognition Award in the Best Full Spectrum Unity Project category at the Interservice/Industry Training, Simulation and Education (I/ITSEC) Conference.

CACI’s City Block technology is a unique digital environment for military and government users to conduct modeling and simulations that train in the protection of critical infrastructure systems from cyberattacks. The complete control systems cyber range offers a gaming environment that provides realistic visualizations of industrial control systems.

Unity is the leading platform for creating and operating interactive, real-time 3D content for not only entertainment, but to enhance experiences and processes across multiple industries.

“For the government and military, defending mission networks, protecting our critical infrastructure, and executing national security missions depends on the integrity of the systems, networks, and data we rely on,” said Todd Probert, CACI President of National Security and Innovative Solutions. “Working with Unity allows us to bring these critical tools to life leveraging video game and CGI technologies for an enhanced experience.”

Protecting Industrial Systems with City Block

CACI’s City Block provides cybersecurity specialists, network administrators, industrial control systems, and operational technology (ICS/OT) security testers with a software-based, cyber-physical modeling and simulation environment to test their industrial systems against intrusions.

City Block technology leverages Unity and merges ICS/OT networks with IT networks to provide a holistic testing and training solution in a scalable, virtual reality (VR) platform for more realistic – and more memorable – testing and training experiences at a fraction of the cost of physical models. This results in more resilient systems and teams that can ensure continuity of operations under the most challenging conditions.

CACI’s City Block technology started as a LEGO® model of a “city block” that included an electric substation and traffic lights. The program evolved from there and in 2020, the company completed City Block’s first proof-of-concept using the Unity Gaming engine, and CACI has used it exclusively for its cyber-physical interfaces ever since.

“City Block provides customers with a realistic environment for employees to test and train, which can be anything from testing new hardware and software to training personnel on the systemwide effects of a cyber-attack. This award solidifies our position as a leading provider of simulation technology to the Department of Defense,” continued Probert.  

The original City Block plastic brick model is now a new permanent display at the San Antonio Museum of Science and Technology. The display leverages technologies used in City Block to teach children about the computer systems that control varying aspects of the world today and helps to preemptively prepare the cyber warriors for the future.

ABOUT CACI
CACI’s approximately 22,000 talented employees are ever vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World’s Most Admired Company. As a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com.

# # #

Corporate Communications and Media:                                           
Lorraine Corcoran                                                              
Executive Vice President, Corporate Communications                  
(703) 434-4165, lorraine.corcoran@caci.com                                  

From the cell phone in your hand, to fostering education in Wood County, to the habitats we conserve—Chemours Washington Works plays an important role. We are committed to producing innovative products that enable industries critical to both local prosperity and global progress, making a difference in our community, and being an environmental leader and responsible manufacturer.

Moreover, the West Virginia facility is vital to the production of important modern technologies such as electric vehicles, sustainable hydrogen, and advanced electronics that are essential for the country’s economic prosperity and national security.

The Chemours plant is the only one in the United States that manufactures PFA, a critical resin used in manufacturing the semiconductors that power our phones, computers, and other electronic systems. Without the PFA produced here at Washington Works, it would be impossible to secure a domestic supply chain for semiconductors, risking more shortages and disruptions. The fluoropolymer solutions we produce at Washington Works are also critical to increasing efficiency and durability in lithium-ion batteries, which power electric cars and other modes of transportation.

Innovating sustainable solutions starts with making them in a responsible manner—one that strives to keep our people and local communities beautiful, healthy, and safe for everyone. At Washington Works, we invest in processes and technologies that enable us to maximize efficiency and minimize our impact on the environment while preserving and investing in the beauty of the environment around us.

In 2022, the site’s nature trail achieved Certified Gold status by the Wildlife Habitat Council (WHC)—the highest level of certification. The Washington Works integrated approach encompasses the creation and maintenance of a variety of wildlife habitats on the manufacturing site and land adjacent to the site. The program serves a wide variety of flora and fauna, 2.72 miles of networked nature trails, and learning programs geared to all ages. Across the organization, seven of our sites have received WHC certification—five gold, one silver, and one basic certification—and are engaged in 67 actively managed WHC projects.

Originally published on August 29, 2023

HOUSTON, September 14, 2023 /3BL/ – LyondellBasell (NYSE: LYB) announced the launch of eight new product compounds under the CirculenRecover portfolio. These products can help customers achieve circularity in their use of plastic packaging by increasing usage of recycled content and diverting more plastic from landfill or incineration.

The CirculenRecover brand includes products containing up to 100 percent Post-Consumer Resin (PCR) that are designed to meet the performance requirements of many common applications.

“With the new CirculenRecover product compounds, customers focused on applications such as blown film or caps and closures are able to deliver high-quality products while reaching their sustainability goals,” said Wisdom Dzotsi, senior director, Circular & Low Carbon Solutions Americas for LyondellBasell. “As we continue to innovate our products and solutions, we focus on the needs of our customers while striving to progress the circular value chain.”

Now available in North America, these new compounds in the CirculenRecover portfolio offer single-pellet solutions across a range of PCR levels to fit brand owners’ needs. While the products provide value in a wide variety of end uses, they are particularly well suited for industrial and food packaging applications including consumer rigid and flexible packaging such as caps, closures, crates, bottles or film.

Benefits of the CirculenRecover compounds include:

Carefully screened raw materials to ensure quality and product safetyImproved consistency and processability versus dry blendsFormulated to provide the optimal PCR content per application and brand goal

These new solutions are part of the broader Circulen product portfolio announced by the company in 2021. The Circulen product portfolio includes:

CirculenRecover polymers are made from plastic waste through a mechanical recycling process;CirculenRevive polymers are made using an advanced (molecular) recycling process to convert the more difficult to recycle plastic waste into feedstock to produce new polymers, which have a wide range of uses; andCirculenRenew polymers are sourced from renewable feedstocks such as used cooking oil, which have a wide range of uses.

This announcement supports the company goal of producing and marketing at least two million metric tons of recycled and renewable-based polymers annually by 2030.

The new LyondellBasell CirculenRecover grades are currently available in North America. For more information on CirculenRecover, click here.

About LyondellBasell

We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

Forward Looking Statements

The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management of LyondellBasell which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, our ability to meet our sustainability goals, including the ability to increase production of recycled and renewable-based polymers to meet our targets and forecasts. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2022, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law.

Journalism’s “Golden Age” was very different from the profession today. It’s no longer about getting the big interview or capturing the nation’s attention with a blockbuster story. Now, anyone can simply go online to report their own news.

The field is far from dying though. Gen Z’s entrance into the workforce highlights how the generation’s values, combined with technological shifts, are shaping a different yet equally impactful era for journalism.

We invited Gen Zer Alexa Mikhail, Reporter at Fortune Magazine to share her journey from the classroom to the newsroom. Alexa also delves deep into her generation, exploring their resolute pursuit of authenticity, purpose, and work-life balance.

Listen for insights on: 

How to attract and retain Gen-Z employeesThe mental health crisis and its impact on employees and workNavigating fields that traditionally value experience as a young professional

To listen to this episode and others, visit Purpose 360 Podcast.

GRI is excited to announce that Executive leadership is featured on the ESG Talk podcast Navigating Global ESG Reporting Standards. For the second installment in the Workiva Climate Week series, podcast host Mandi McReynolds is joined by global experts Eelco van der Enden, CEO of the Global Reporting Initiative, and Anna Nefedova, global ESG reporting leader at Deloitte. Anna is a member of the GRI Global Sustainability Standards Board (GSSB). They walk listeners through the various global reporting standards and how they benefit the organizations that use them.

This, and all other ESG Talk podcasts, can be found here: sm.workiva.com/The-ESG-Talk-Podcast.

Key topics such as double materiality are covered in the podcast and Eelco is quoted as saying “If you combine ISSB outside in and GRI inside out, then you have what you see in Europe, which is called double materiality”. Continuing with that theme, when the issue of financial and impact reporting was discussed, Anna is quoted as saying “Recognize that ESG reporting should be on equal footing as financial reporting”.

As the landscape for ESG reporting has expanded and become more critical, issues of complexity and confusion for the reporter remain. With the combination of mandatory and voluntary reporting opportunities from all parts of the world, reporters continue to face the challenge of focus and priorities.

GRI plays a beneficial and foundational role in this reporting landscape as they remain the global leader in impact reporting, and, by working closely with other standards bodies, GRI is working diligently to ensure comparability and interoperability into the future.

Workiva is a global software partner of GRI, and, as such, GRI works with Workiva to ensure that their customers have the GRI standards and reporting content they need.

LINCOLN, Neb., September 14, 2023 /3BL/ – The U.S. Department of Agriculture awarded the Arbor Day Foundation $50 million for a program that will invest in tree planting and maintenance in disadvantaged communities across the country. The money was part of the Inflation Reduction Act’s historic $1.5 billion investment in the U.S. Forest Service’s Urban and Community Forestry program.

The Arbor Day Foundation, the world’s largest membership nonprofit dedicated to tree planting, was one of the largest funding recipients.

“Now is the time for trees. In cities and neighborhoods, trees add value and offer countless benefits that everyone deserves to enjoy,” said Dan Lambe, chief executive of the Arbor Day Foundation. “Leveraging more than 50 years of experience, the Arbor Day Foundation is ready to engage our extensive network of planting partners to activate these dollars in a meaningful way. We are honored and excited as the U.S. Forest Service puts trust in our organization to bring this impactful investment to the people and communities that need it most.”

The Inflation Reduction Act was passed in the summer of 2022 and remains the most significant climate legislation in U.S. history. The IRA set aside nearly $6 billion for clean energy initiatives to reduce the country’s output of greenhouse gases. That included $1.5 billion specifically dedicated to increasing equitable access to trees and green spaces in underserved communities.

As a national pass-through partner, the Arbor Day Foundation will deliver funds to community-based organizations and nonprofits across the United States. All projects will focus on a disadvantaged community, as defined by the Climate and Economic Justice Screening Tool. Work will ultimately lead to trees being planted, but may also include capacity-building and community engagement work, too.

The historic investment in urban forestry is emblematic of the high demand for trees in American cities. The Arbor Day Foundation recently reported a 23% annual increase in its urban work over the most recent fiscal year, planting and distributing more than 630,000 community trees worldwide.

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.

# # #

For organizations simply trying to ensure they are meeting the proper filing requirements, the recent introduction of the double materiality principle to financial reporting regulations may seem like an additional layer of complexity in an already comprehensive process.

We’ve put together a high-level primer on double materiality in an attempt to ease concerns and help corporations and stakeholders understand double materiality from a more holistic perspective.

Understanding Materiality 

To understand what double materiality is, we must first define the two primary schools of thought around materiality: financial and impact.

What is financial materiality? 

In financial reporting, the term material is used to qualify reporting requirements. According to the Securities and Exchange Commission (SEC), material is defined as “those matters to which there is a substantial likelihood that a reasonable investor would attach importance in determining whether to purchase the security registered.”

In other words, for something to be material to financial reporting, a reasonable investor would consider it important and relevant to their decision-making process. In this case, the determination is made as to which ESG topics will have the greatest impact on economic value creation.

What is impact materiality? 

According to the Global Reporting Initiative (GRI), impact materiality involves information used to qualify “the reporting company’s impact on the economy, environment and people for the benefit of multiple stakeholders, such as investors, employees, customers, suppliers, and local communities.” Impact Materiality is an analysis of how business operations affect (have impact on) people (workers and society) and the environment. Impacts can be directly or indirectly linked to a business’s operations, as a company’s value chain is considered during analysis, not just the entity itself.

The argument in favor of impact materiality is that non-financial impacts will, over time, become financially material. For example, if a corporation has a plant that is polluting a river used as a downstream source of drinking water, the cost of remediating that pollution and damage done to the brand image is financially material.

Double Materiality: A Holistic Approach to Sustainability Reporting 

As the name suggests, double materiality recognizes the importance of corporate information concerning both a firm’s financial value and its broader impact on the environment and society.

In particular, double materiality acknowledges that a company’s non-financial impact on the world can be material, and therefore worth disclosing, for reasons beyond its financial implications. This includes, for instance, the impact of a firm’s activities on human rights, climate change, and other environmental factors.

By considering both financial and non-financial impacts, the concept of double materiality aims to encourage greater transparency and accountability from corporations and to promote more holistic decision-making that takes into account the broader implications of business activities.

The GRI’s position on double materiality 

The GRI is a leading organization in the field of sustainability reporting, and it plays an important role in shaping materiality reporting requirements for companies. They provide guidelines and standards for sustainability reporting, which include requirements for companies to report on their material environmental, social, and governance (ESG) issues.

The GRI’s materiality principle emphasizes that companies should report on those ESG issues that are most significant to their stakeholders and that have the potential to impact the company’s long-term sustainability.

“Financial materiality and impact materiality together under the umbrella of ‘double materiality’ are the only relevant forms of materiality, with both perspectives needed in a two-pillar structure – for financial and sustainability reporting – with a core set of common disclosures and each pillar on an equal footing.

– From the GRI publication Materiality Madness: Why Definitions Matter 

The global perspective on double materiality 

Various agencies, governments, lobbyists, and corporate organizations across the globe are weighing in on the debate around materiality and ESG reporting standards.

The GRI Standards, which are global standards that focus on impact reporting for a multi-stakeholder audience, are seen as essential in shaping a comprehensive global set of sustainability reporting standards that cover the information needs of investors and other stakeholders. By contrast, the International Financial Reporting Standards (IFRS) Foundation is focused on financial materiality for an investor centric audience.

The European Sustainability Reporting Standards (ESRS), developed by the EU, are grounded in a double materiality approach and aim to inform a multi-stakeholder audience, including investors.

Aligning your organization with the new GRI reporting standards

With the success of environmental, social, and governance (ESG) investing around the world, many organizations are well on their way to meeting the new GRI reporting standards.

Aligning with these standards will require firmly committing to adopting ESG behaviors as part of your corporate strategy. These changes include steps such as committing to a shift from fossil fuels to renewable energy, conducting ESG audits, and recognizing a broader pool of shareholders.

Learn more about how Antea Group can prepare your company to keep pace with changing reporting standards.

As published in Qualcomm’s 2022 Corporate Responsibility Report

Our workforce is our most valuable asset, and our continued success depends on our employees. We prioritize opportunities for employees’ continuous learning with career development programs, tuition reimbursement and mentorship.

Our Accelerate program is designed to empower first-time managers and new leaders to develop skills and knowledge that accelerate their readiness to manage and lead. Accelerate is a global program that is customized regionally to ensure that local nuances are incorporated in the program design.

We believe mentorship accelerates career growth. We developed the Mentoring Matters program to support career development and engagement among our employees. The program matches mentors and mentees to create powerful mentoring experiences as part of our employees’ career journey. Mentoring Matters includes an interactive eLearning course, relevant resources and practice forums to build mentor and mentee capabilities.

Learn more in Qualcomm’s 2022 Corporate Responsibility Report