Tag: 3BL

The truth about kids is simple: when nurtured and given opportunity, they thrive.

It’s something the founders of the group that would one day become Boys and Girls Clubs of America (BGCA) knew when they started out in 1860. They saw groups of kids roaming the streets, often getting themselves into trouble, and organized clubs that would give them better alternatives. They focused on capturing these children’s interest, improving their behavior and helping them raise their expectations of themselves.

Today, BGCA and its sister organization, BGC of Canada, have more than 4,500 clubs between them and serve millions of children through local service locations and proactive community outreach. Their goal? Provide safe places in which young people can reach their full potential.

In their words, they do what it takes. BGCA and BGC of Canada take a broad variety of approaches to helping kids succeed. In addition to encouragement and emotional support, these Clubs provide trained staff for effective mentoring programs, help with school and subject tutoring, and engage students with innovative programing and other opportunities for growth.

They also partner with other dedicated supporters of kids, including Tata Consultancy Services (TCS).

Boys and Girls Club of Dundee Township, Illinois, hosted its second Go Innovate Together (goIT) event — TCS’ signature digital innovation and career-readiness program — with TCS this spring. A group of 18 students focused on designing prototype apps to solve issues in their community. Students worked extensively throughout the program to bring their ideas to life. Their final presentations demonstrated how much they learned about block-based coding, an extremely valuable skill, and collaboration, which is key to success in life and work.

When asked about what he valued most about what he learned through the goIT experience, student Adriano T. responded proudly, “I learned how to work in a group.”

When asked what had surprised him most about goIT and technology, he replied, “I was surprised because I didn’t know I could accomplish creating an app. I now realize I can do it!”

Fellow students were supportive throughout the event, encouraging each other during pitches for their app concepts and always willing to lend a hand to each other during the coding process.

As the Club continues to expand to more locations across Dundee Township, TCS and BGCA are exploring bringing goIT to those new buildings, too. The ever-growing enthusiasm for goIT forecasts a lot of future innovation – and even more participant pride.

July 24, 2023 /3BL/ – Clarion Partners LLC, a leading real estate investment manager, is working collaboratively with Project REAP – The Real Estate Associate Program – on programming and initiatives to diversify the commercial real estate (CRE) industry talent pipeline. Founded in 1998, Project REAP (REAP) is a non-profit dedicated to supporting diverse and high-achieving mid-career professionals who are looking to transition into CRE or take their existing careers to a higher level.

Clarion has been a long-time partner and supporter of Project REAP, taking part in a wide range of educational, coaching, and mentorship programs since 2006. Most recently, Clarion hosted more than 140 participants in REAP’s first 2023 Spring Academy session, which provides expert instruction to help mid-level professionals strengthen their abilities to build a successful career in CRE.

REAP Executive Director Manikka Bowman commented, “Clarion Partners has experienced firsthand the positive effects of Project REAP’s talent pipeline. We are thrilled to collaborate with them to increase opportunities for individuals who are underrepresented in the commercial real estate industry.”

Clarion Partners Managing Director Khalid Rashid graduated from Project REAP in 2006 and, upon joining the Firm in 2008, has since built a successful career spanning asset management, portfolio management, and acquisitions. He serves on the Firm’s Investment Committee, chairs the Firm’s DEI Council and is a member of the Firm’s ESG Committee. In addition, after working with REAP in various capacities, Khalid was elected to formally join REAP’s Board in May 2022 and currently serves as Treasurer. Khalid leverages his first-hand knowledge of the program, his relationships, and his industry experience to support REAP’s evolving and expanding mission and reach.

Khalid Rashid noted that, “DEI continues to be a part of our growth story at Clarion Partners. While we have made progress, we acknowledge that we still have more work to do on our journey. We have made a commitment to this goal by expanding our efforts and leadership both within our Firm and across the industry through strategic partnerships with mission-based organizations like Project REAP. We value our longstanding partnership with Project REAP, and we are looking forward to growing our relationship so that Project REAP can expand its efforts to help talented professionals transition into the commercial real estate industry.”

In honor of its 25th anniversary, REAP recently commissioned an in-depth nationwide research study to gain insights into the long-term impact of the organization’s strategic programming. The results of the study were released in the Project REAP: Diversifying the Talent Pipeline in CRE for 25 Years impact report at the annual International Council of Shopping Centers (ICSC) Conference. The report’s data and case studies demonstrate that REAP successfully prepares participants to enter the highest levels of the CRE industry (i.e., intermediate, senior, and C Suite positions) and its most competitive sectors.

Key findings from the report include:

46% of alumni making $100K or higher reported significant salary increases – as much as 13 % reported an increase to over $200K after completing the REAP Academy56% alumni reported a significant shift in their career trajectory soon after graduation from the Academy34% alumni elevated to senior (20%) or executive (14%) level roles within CRE71 % alumni transitioned into, maintained, or enhanced their positions in CRE

Of the report findings, Bowman notes, “While there is always more work to be done, we are proud of the work our organization is delivering to help elevate diverse individuals into industry leadership roles and how that diversity ultimately strengthens business results and workplace engagement.” The report challenges the CRE industry to take action to hire, form joint venture partnerships, and provide capital to continue building a robust and diverse talent pipeline. Read the full report on the REAP website: www.projectreap.org.

About Clarion Partners, LLC 

Clarion Partners, LLC, has been a leading real estate investment manager for over 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With more than $81.6 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 institutional investors across the globe. Clarion Partners is an independent subsidiary of Franklin Templeton. More information about the firm is available at www.clarionpartners.com.

About Project REAP 

The Real Estate Associate Program (REAP) exists to advance diversity, equity, and inclusion in the commercial real estate industry through education, mentorship, and partnerships. During its short existence, REAP has helped to drive increased representation of minorities in management within the CRE industry from less than 2% two decades ago to 10% now, by spotlighting a talent pool that was always there, but previously unacknowledged. REAP has over 1,800 alum and offers programming in Washington DC, Atlanta, New York, Chicago, Los Angeles, Columbus, and Dallas, as well as virtual programming. More information is available at www.projectreap.org

July 24, 2023 /3BL/ -Truist has released its 2022 Supplier Diversity Economic Impact Report which measures the economic benefits of Truist’s purchases from small and diverse businesses in 2022. The third annual report finds that Truist’s spend with small and diverse suppliers increased 38 percent compared to 2021.

The 2022 report estimates that Truist’s engagement with small, disabled, LGBTQ+, minority, veteran and women-owned businesses led to more than $1.7 billion in contributions1 to the US economy and sustained nearly 12,000 jobs. The total contributions include approximately $870 million in spending with small and diverse vendors which helped support $675 million in wages.

“The diversity of our suppliers reflects our teammates and the communities Truist serves each day,” said Brian Downer, Chief Procurement Officer at Truist. “By intentionally establishing a diverse pool of suppliers we not only support small and diverse-owned businesses, we directly and indirectly invest in neighborhoods across the markets we serve and demonstrate our purpose to inspire and build better lives and communities.”

More information about Truist’s supplier program and the 2022 Supplier Diversity Economic Impact Report is available.

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1 The 2022 Supplier Diversity Economic Impact Report is based on an analysis of data provided by Truist using IMPLAN’s Input-output multipliers, and supplier.io’s Economic Impact Model. The impact is the of sum of 3 activities: (i) direct purchases by Truist from its small, minority, women, and veteran suppliers; (ii) indirect activities within these companies’ supply chains; and (iii) the induced benefits that result as employees of these companies, and those of companies within their supply chains, spend their wages in the wider consumer economy. See full report for more details.

Alibaba merchants, partners and consumers have been reusing packaging and exploring low-carbon consumptionClean energy use in Alibaba Cloud data centers grew 1.5x during Alibaba’s 2023 fiscal year and around 2,600 companies leveraged the platform’s energy-saving AI solution

Alibaba Group cut net carbon emissions from its direct operations by 12.9% over its fiscal year, according to the company’s annual Environmental, Social and Governance (ESG) report published on Monday.

The Hangzhou-based company is tapping smart energy management and increasing the use of clean energy as it strives to hit its goal of carbon neutrality by 2030.

In addition to slashing net emissions in its operations, Alibaba reported a 22.907 million metric tons decline in carbon dioxide equivalent (MtCO2e) from across its broader ecosystem in its fiscal year running from April 1, 2022 to March 31, 2023.

“Over the past year, we have worked to deliver high-quality achievement of our established carbon neutrality goals,” said Alibaba Group Chairman and CEO Daniel Zhang in the report.

The company has leveraged its platform power to promote decarbonization across its wider ecosystem, with participants and partners spanning commerce, logistics and cloud computing.

While Alibaba has provided progress on its sustainability efforts in its 2022 report, this is the first time that it has revealed progress towards its Scope 3+ goal of slashing 1.5 gigatons of carbon emissions across its digital ecosystem by 2035.

A Clean Cloud 

Alibaba’s cloud computing subsidiary is a step closer to its goal of having its global data centers running entirely on clean energy by 2030, the report shared.

The proportion of clean electricity generated from sources such as solar, water and wind used in its self-built data centers in China jumped from 21.6% in its 2022 fiscal year to 53.9% in its 2023 fiscal year.

The overall power usage effectiveness of its data centers, total facility power over IT equipment energy, declined to 1.215 in the period from 1.247 a year earlier due to increased use of energy-saving technology such as liquid-cooling server technology and power management optimization.

On average, the industry average stood at 1.58 in 2023 globally, according to an annual survey from the digital infrastructure advisory organization Uptime Institute.

By replacing traditional IT with cloud computing, Alibaba Cloud is helping its corporate users boost efficiency and reduce emissions.

Alibaba Cloud users in China can avoid 85.5% of emissions by adopting cloud server technology, according to a recent report from global climate consultancy Carbon Trust commissioned by Alibaba Cloud.

Meanwhile, the cloud platform’s AI-driven sustainability platform Energy Expert has helped 2,580 enterprises globally to monitor, analyze and optimize their carbon emission since its launch as of March 31.

Greening the Value Chain 

In collaboration with its partners, Alibaba has taken the lead in promoting green logistics, low-carbon transportation, and building sustainable retail stores to green the value chain.

According to the report, logistics subsidiary Cainiao Group cut down packaging materials by 184,000 tons in its 2023 fiscal year by promoting shipments with used packages.

It has leveraged its digital technologies to promote recycling among ecosystem partners. In July 2022, Cainiao reached a deal to partner with China’s dairy giant Yili to establish a green recycling chain for used packaging, including building up intelligent recycling boxes and a green delivery-themed online interactive community.

In September 2022, it teamed up with Nike to conduct nationwide door-to-door recycling across 30 Cainiao campus stations in China.

In the retail space, its business groups, including Sun Art Retail, Intime, and Freshippo, have adopted packaging recycling programs and embraced energy-saving renovations such as air conditioner renovation to reduce carbon footprint along the value chain.

The Carbon-Free Roadmap

Alibaba rolled out its group-level carbon ledger earlier last year to drive consumers to participate in low-carbon behaviors on Alibaba’s platforms, and it has taken off.

A total of 187 million users participated in emission reduction through the carbon ledger in the period, according to the report.

On Alibaba’s navigation platform Amap, over 30 million people chose low-carbon travel, such as walking during the last fiscal year, slashing carbon emissions by 215,000 MtCO2e. At the same time, users of food delivery platform Ele.me saved resources by opting out of cutlery on over 1.4 billion orders.

Small actions can have a resounding impact. Cainiao encouraged consumers to leave cardboard boxes at pick-up stations for reuse, and they left over 23 million boxes at Cainiao Posts for recycling during the reporting period.

“We hope that more and more peers will explore the future of sustainable development together, create value beyond business, and jointly build a healthy, comprehensive, and mutually prosperous sustainable ecosystem,” said Zhang in the report.

Discover more sustainability stories from Alibaba

Read Alibaba’s full 2023 ESG report

Please refer to https://www.alizila.com/esg/ for additional information about Alibaba’s sustainability efforts.

View original content here.

Originally published on bloomberg.com

Lizzette Lara and Bloomberg’s Sustainable Finance Product Management Team work to help financial markets prepare for and optimistically prevent the next big climate crisis. From weathering major financial crises to relocating from Mexico City to New York to take on one of the most enriching challenges of her career, Lizzette’s journey has been a fascinating one, and driven by her passions.

Read on to learn how structuring derivatives and risk management became Lizzette’s focus, her top priorities as a Bloomberg Product Manager for Environmental, Social and Governance (ESG), and how she sees the future of sustainable finance.

Q: Tell us about your background and career journey.

A: l’ve always been very passionate about finance: understanding what drives banking and currency crises, how the financial market reacts to them, and the impact it has on the economy. Because of that, I wanted to do something that was connected to derivatives and risk management.

When I was in school, I was told that the French banks were the best at structuring derivatives. It had become a dream of mine to work for a French bank, and I had an amazing 10-year experience working for two during the Lehman crisis. Those experiences provided me with so much insight and knowledge — it was like receiving a PhD on risk management and derivatives structuring.

In 2014, I was working on the structuring team of a French bank in New York. I was expecting my second child and had to make a decision between my job and my baby, ultimately choosing to take a sabbatical the year after the birth. One month after resigning, Bloomberg reached out asking for an interview. I wasn’t expecting much from it, considering I was six months pregnant! Little did I know about Bloomberg’s management, culture, and support for women’s careers in finance.

After seven years here as a market risk specialist covering Latin America, I joined the ESG Product Management team as a climate product manager, relocating from Mexico City to New York. I remember reading that being a product manager was one of the toughest jobs in the market. And that the level of skills needed to perform this job well is beyond any standard. I have always been passionate about challenges, and product managers are certainly not the type to shy away from a challenge.

Q: What are some of the top priorities of the ESG Product Management Team and some of your top priorities as a Climate Product Manager?

A: In the product manager role, I get to be completely immersed in one of Bloomberg’s core principles: customer satisfaction. Our team is fully committed to building not only the best products, but the products that effectively solve clients’ problems. We focus on benefits, not features and on outcomes, rather than outputs.

In my role, collaboration is critical for success. Engineers, sales, lawyers, quants, analysts, and customers are all key stakeholders in our day to day. We constantly need to validate if our product is effective for our customers. It is important that we understand market trends, challenges and anticipate, so we are constantly looking for user’s feedback. Our management’s principle is to “fall in love with the problem, not with the solution.” So we are constantly collaborating with each other, explaining the problem, the vision and constantly testing and validating our hypothesis with clients and sales..

Product managers overall are great communicators, strategists, innovators, organizers, researchers, and on top of it all, outstanding collaborators. And we have to be agile, which makes product management roles uniquely challenging.

Q: The shift from Mexico City to New York must have taken some adjustments. How has your experience been with the relocation?

A: When thinking of adjustments around my new role and new location, I can say that my cultural background has served me quite well. I attribute my tenacity and resilience to my Mexican roots — we are always looking to the positive side so that we can make things happen. This has also proven to be very important in my current role. We face a lot of challenges, so having a positive attitude has proven to be quite an important asset.

Q: What is a typical day like for your team?

A: Understanding the transition to a low carbon economy and the impact of climate change is critical for the subsistence of our people. Trying to define which problems we want to solve and which data, solutions, analytics and tools will help us to solve them, and then defining which projects should be prioritized, is not an easy task, especially in the climate space.

This requires the team to be unfalteringly connected at all times, and extensive reading is mandatory if we want to stay up-to-date. There is always a new consultation, regulation or a new protocol from the science community that can change the world we know.

Q: What inspires you about your work?

A: In the climate space we are facing global challenges, which will require global solidarity. Investors are making overarching commitments to contribute to the transition toward net zero greenhouse gas emissions. We cannot do this right unless we have the governments committed. So governments will have to step up decisively, introducing effective long-term incentives, restrictions and disclosures to their industries and their investors. This will come with disruptions, costs, and uncertainties. But it will also bring benefits and opportunities.

We need to work fast and stay focused to make exponential changes. Everyone can contribute somehow, somewhere with something. We have to be missionaries of our vision, believers, doers, and have fun on the way. It requires hard work, commitment, passion, and curiosity. We are consistently finding ways to test, validate, re-evaluate and learn along the way.

After T-Mobile’s 5G network enabled Pano AI’s early detection of the Boulder Wildfire in Oregon’s Mt. Hood National Forest earlier this week, T-Mobile’s Emergency Response team deployed to the Tygh Valley Spike Camp to bring a boost to network capacity and provide critical support to brave responders stationed at the frontline of the containment.

While T-Mobile’s network was not impacted by the wildfire, T-Mobile teams were on-site to provide an enhanced network experience to 324 users that consumed over 414GB of open and secure Wi-Fi — critical connectivity that allowed crews to order supplies, download maps in real-time and manage the operation’s command post. And as connectivity during a natural disaster is about more than incident command and communications, T-Mobile was able to support cellular traffic in excess of 60GB for firefighters, linemen and logistics personnel who were able to call loved ones during their downtime.

T-Mobile’s Emergency Response Team stands ready to engage with state and local officials, first responders and organizations. Agencies needing communications assistance can reach out to our 24-hour emergency hotline at 888-639-0020 or email at ERTRequests@T-Mobile.com. 

See our newsroom for more information on T-Mobile’s 2023 Emergency Response 

Recent storms and flooding have devastated Vermont and parts of New York, particularly throughout the Hudson Valley area. As with any major natural disaster, KeyBank is taking steps to make sure clients, communities and colleagues have the support they need.

KeyBank Foundation Support

The KeyBank Foundation has donated $30,000 to the American Red Cross- Northern New England- Vermont Chapter and $10,000 to Eastern New York Red Cross- Hudson Valley Chapter in support of flood relief efforts across affected areas. The Red Cross has local teams in place helping families with temporary shelter, assessing and providing financial assistance with property damage, and offering compassion, support, and supplies. The work will continue in the weeks ahead.

“Vermont communities have been devastated by recent storms and floods, and this generous support from KeyBank is helping us provide tangible relief – food, water, shelter – as well as comfort and support as they begin the path to recovery,” said John Montes, American Red Cross Regional Disaster Officer for Northern New England.

Hardship Relief Fund for impacted employees

KeyBank’s Hardship Relief Fund provides financial assistance to employees faced with unexpected life events. Eligible employees can receive financial assistance from the Hardship Relief Fund of up to $3,000 in a rolling 12-month period. That funding is used for the basic needs of food, housing, utilities, and transportation. KeyBank employees can also help their colleagues by donating to the Hardship Relief Fund.

“Our hearts are with our KeyBank colleagues, clients and communities affected by the recent storms – especially those in areas hardest hit with flooding and destruction,” said KeyBank Vermont Market President, Joe McGowan. “We hope that Key’s contributions to the Red Cross will help our neighbors who are facing hardship, uncertainty, and the daunting prospect of cleaning up and rebuilding. As always, we are here for our colleagues, our neighbors, and the communities we so proudly serve.”

About KeyBank Foundation:

KeyBank Foundation serves to fulfill KeyBank’s purpose to help clients and communities thrive, and its mission is to support organizations and programs that prepare people for thriving futures. The Foundation’s mission is advanced through three funding priorities – neighbors, education, and workforce – and through community service. To provide meaningful philanthropy that transforms lives, KeyBank Foundation listens carefully to understand the unique characteristics and needs of its communities and then backs solutions with targeted philanthropic investments. KeyBank Foundation is a nonprofit charitable foundation, funded by KeyCorp.

By 2030, Merck KGaA, Darmstadt, Germany’s sustainability strategy aims for a 50% reduction in Scope 1 and Scope 2 emissions as compared to 2020. To achieve this goal, the company focuses on four areas:

New construction sustainabilityEmissions from industrial processesRenewable energyEDISON: the company’s flagship energy & water efficiency program

The EDISON program focuses on reducing energy consumption within the company’s operations through investment in energy efficiency and onsite renewable energy. In 2022, the program was expanded to focus on both energy and water efficiency, and a central pool of funding was allocated to support these projects. From 2022-2030, the company plans to invest ~€100 million to support sites on their energy and water efficiency journey.

Amongst a wide array of projects focused on solving the company’s toughest energy-saving and water efficiency challenges is a newly installed photovoltaic system at its global headquarters in Darmstadt, Germany. Located on three different building rooftops, these solar modules generate an annual output of 560,000 kWh of green electricity. With a total surface area of 3,000 square meters, these solar panels contribute towards the company’s sustainability strategy by reducing CO2 emissions by approximately 300 tons each year.

The implementation of these photovoltaic projects, along with 44 other EDISON projects at the company’s sites around the world, are examples of the company’s multi-pronged approach to sustainability, aiming to reduce greenhouse gas emissions from its operations through energy and water efficiency projects across its facilities.

Learn more about the sustainable operations efforts of Merck KGaA, Darmstadt, Germany by visiting its sustainability and social business innovation webpage.

HOUSTON, July 24, 2023 /3BL/ – The Baker Hughes Foundation announced Monday two grants focused on coastal restoration in the United States: first, a $100,000 grant to National Coastal Resilience Fund, and additionally a $50,000 grant to Coalition to Restore Coastal Louisiana. The National Coastal Resilience Fund is a program led by the National Fish and Wildlife Foundation to support the implementation of nature-based solutions to enhance the resilience of coastal communities and ecosystems. The Coalition to Restore Coastal Louisiana (CRCL) works at the state, local and federal levels to restore and protect coastal Louisiana.

Coastal communities and ecosystems are under threat from rising sea levels, more intense storms and changing rainfall patterns, causing dramatic impacts on the nation’s energy interests. Wetlands along the coastline provide many important ecological services. Established in 2018, the National Coastal Resilience Fund invests in conservation projects that restore or expand natural features that minimize the impacts of storms and other naturally occurring events on nearby undeserved communities. Recognizing that Louisiana’s coastal land loss will have dramatic impacts on the nation’s energy, navigation and fisheries interests, CRCL works to ensure that Louisiana has a thriving, sustainable coast for all.

Both donations support Baker Hughes’ commitment to advancing the United Nations’ Sustainable Development Goals (SDGs) – specifically SDG 13 to take urgent action to combat climate change and its impacts. With over 1,000 employees in Louisiana and 12,000 employees in U.S. territories, this grant also aligns with the Baker Hughes Foundation’s mission of supporting the communities where we conduct business.

“Healthy marine and coastal ecosystems are an important aspect of biodiversity and climate change. “We aim to champion strong environmental stewardship by protecting these natural resources,” said Allyson Book, chief sustainability officer at Baker Hughes. “Our donations to the National Coastal Resilience Fund and the Coalition to Restore Coastal Louisiana is one way we make progress on our biodiversity goals and demonstrate our commitment to the United Nation’s sustainable development goals.”

“This generous donation will help CRCL do more to restore Louisiana’s disappearing coastal wetlands,” said Kim Reyher, executive director of the Coalition to Restore Coastal Louisiana. “We face daunting challenges associated with climate change in South Louisiana. We are grateful to work with companies like Baker Hughes that understand the importance of investing in communities.”

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.

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For more information, please contact:

Media Relations 

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

HOUSTON, July 24, 2023 /3BL/ – The Baker Hughes Foundation announced Monday two grants focused on coastal restoration in the United States: first, a $100,000 grant to National Coastal Resilience Fund, and additionally a $50,000 grant to Coalition to Restore Coastal Louisiana. The National Coastal Resilience Fund is a program led by the National Fish and Wildlife Foundation to support the implementation of nature-based solutions to enhance the resilience of coastal communities and ecosystems. The Coalition to Restore Coastal Louisiana (CRCL) works at the state, local and federal levels to restore and protect coastal Louisiana.

Coastal communities and ecosystems are under threat from rising sea levels, more intense storms and changing rainfall patterns, causing dramatic impacts on the nation’s energy interests. Wetlands along the coastline provide many important ecological services. Established in 2018, the National Coastal Resilience Fund invests in conservation projects that restore or expand natural features that minimize the impacts of storms and other naturally occurring events on nearby undeserved communities. Recognizing that Louisiana’s coastal land loss will have dramatic impacts on the nation’s energy, navigation and fisheries interests, CRCL works to ensure that Louisiana has a thriving, sustainable coast for all.

Both donations support Baker Hughes’ commitment to advancing the United Nations’ Sustainable Development Goals (SDGs) – specifically SDG 13 to take urgent action to combat climate change and its impacts. With over 1,000 employees in Louisiana and 12,000 employees in U.S. territories, this grant also aligns with the Baker Hughes Foundation’s mission of supporting the communities where we conduct business.

“Healthy marine and coastal ecosystems are an important aspect of biodiversity and climate change. “We aim to champion strong environmental stewardship by protecting these natural resources,” said Allyson Book, chief sustainability officer at Baker Hughes. “Our donations to the National Coastal Resilience Fund and the Coalition to Restore Coastal Louisiana is one way we make progress on our biodiversity goals and demonstrate our commitment to the United Nation’s sustainable development goals.”

“This generous donation will help CRCL do more to restore Louisiana’s disappearing coastal wetlands,” said Kim Reyher, executive director of the Coalition to Restore Coastal Louisiana. “We face daunting challenges associated with climate change in South Louisiana. We are grateful to work with companies like Baker Hughes that understand the importance of investing in communities.”

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.

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For more information, please contact:

Media Relations 

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