Common Impact highlights outstanding leaders at the forefront of climate action and sustainability.

Today we head from Binka Le Breton, an award-winning author, environmentalist, and activist. Binka lives in Brazil’s Atlantic Forest, where she co-directs Iracambi Research Center and serves as an International Leason. Iracambi is a Brazilian non-profit dedicated to figuring out better forest care methods and protecting its extraordinary biodiversity while generating forest-based incomes and raising living standards for local communities. Iracambi’s primary mission is to plant 1,000,000 trees by 2030 as part of its commitment to restore its section of the Atlantic Rainforest – one of the world’s top biodiversity hotspots!

Consider Iracambi’s variety of volunteer, research, and partnership opportunities.

Every time I look out of the window to see the rainforest, I realize how important it is to ensure that it survives and flourishes. There is no time to lose!

You wear many hats – from speaker, author, board member, leader, and everything in between. Tell us why you do the work that you do and how your work has evolved over the years at Amigos de Iracambi and then Iracambi Rainforest Research and Conservation? 

When we think about the planet’s future, for our children and their children and all the children to come, it’s clear that two of the most critical issues of our time are the twin crises of climate and biodiversity loss. Here at Iracambi, we are based in one of the most important global biodiversity hotspots: Brazil’s Atlantic Rainforest. And we work precisely at the interface between climate and biodiversity as we focus on restoring the forest for all forms of life, human and non-human.

The planet faces all manner of thorny problems, but the climate is something I can make a difference in. Our goal of planting a million trees by 2030 will help to stabilize the climate by enabling carbon capture, facilitating the production of clean water and pure air, stabilizing soils, and restoring and expanding habitat for biodiversity.

Since the pandemic, Iracambi Conservation and Research Center has grown in response to the increased awareness of the climate crisis. Tell us about the role cross-sector partnership has played and their response to the work you do. 

The pandemic forced us, like many others, to make a hard stop and reevaluate our mission, goals, organizational structure, finances, and everything else. One of our programs (volunteers and interns) closed down completely. We also had to shut down our education programs since we needed more support to transition to an online platform. In the interim, we focused on planting more trees.

We decided to aim high and set ourselves the ambitious goal of planting a million trees. And we discovered that people show up to support you once you set an ambitious goal. In 2021 our primary support came from the private and academic sectors – all pro bono. First, we had an international team based in East Asia and Australia, who helped us put together a corporate brochure to attract corporate funding. Then, with the help of a group of post-grads from the Said Business School at the University of Oxford, we examined the potential of carbon financing. As we learned about the carbon market, we refined our corporate brochure with the help of a business school intern from Denmark. Shortly after that, we had a cold call from a firm in Silicon Valley which gave us a significant financial donation towards our forestry program.

How have Iracambi Rainforest Research and Conservation’s needs changed over the past few years? How have you utilized skills-based volunteering to increase your organization’s capacity and deepen community impact? 

Our needs have changed significantly as our core team has tripled in size, our annual budget has increased year on year, and our goals, both in forest restoration and environmental education, have become more ambitious. As described above, skills-based volunteering (in addition to our willingness to take risks) brought us to new heights, and we’re not stopping there!

In 2022 our first corporate coaching came in the shape of a hackathon. Six volunteers from a large AI company in the US, facilitated by Common Impact, gave us a set of guidelines on how to grow our organization as sustainably as possible across our programs and administrative sectors. A hackathon volunteer, who doesn’t speak Portuguese, told us these sessions were as valuable to her as they were to us. Soon after, we were given a marketing makeover by the London office of an international marketing company. Towards the tail end of 2022, we finished a six-week coaching session with the Brazilian office of a large international corporation, in the course of which we examined every part of our organization, from financial planning to project management, managing human resources, and every aspect of running a successful business.

During the first few weeks of 2023, we’ve been working with an in-person volunteer systems engineer to streamline our workflow in the highly complex business of seedling production and delivery of the correct species of trees to the planting sites. This is a complex process since planting sites have specific characteristics: altitude, soils, access to water, species suitable for that particular area, comparative ease/difficulty of access, and innumerable other variables!

Addressing climate change can seem daunting, but luckily, we don’t have to do it alone. Why is community and strong leadership pivotal in addressing climate change? Feel free to share an example based on your experience. 

Yes, indeed! Our Forests4Water restoration program arose in response to the farmer-led desire to do something about the effects of an unusual drought that affected their on-farm water supply, sometimes to the point that their springs dried up. By planting trees on steep mountain slopes in water catchment areas, rainfall can infiltrate the soil instead of creating runoff and erosion, the water table is replenished, and water supplies are protected. Of course, it’s essential to have community buy-in. Since our rural community members are mostly subsistence farmers, they must see the benefits of individual or collective actions addressing climate change.

On the other hand, if a smallholder farmer is presented with the opportunity of becoming part of a carbon financing scheme that may or may not bring some financial return several years later, he is less likely to be interested. So, while strong leadership is important, it’s also important that people, especially rural people. It is vital the see the economic benefit of planting trees and their ability to grow crops.

Corporate board rooms may appear far removed from rainforest destruction and environmental disasters. How can corporate leaders and philanthropists become more aware and include environmental issues in their work? 

The whole ESG discussion is highly relevant in this context because businesses need to attract and retain new customers, clients, and talent. The emerging generations are increasingly demanding products that serve their needs and are made by companies with a strong ethos regarding the three pillars of environment, sustainability, and governance. The mantra People and Profit is being replaced by People, Planet, and Profit, which benefits us all.

About Common Impact 

Common Impact is a national nonprofit that works to build a society in which individuals and businesses invest their unique talents towards a shared purpose: strengthening the local communities in which we live and work. Founded in 2000, Common Impact has partnered with Fortune 500 companies and hundreds of the country’s leading nonprofit organizations to create transformational change through skills-based volunteering. Learn more about Common Impact’s services, impact, and clients.

Celebrate the impact of those who give back and support their communities this National Volunteer Week! Whether you’re kicking off a volunteer week in April or putting together a week of service at any time of the year, our National Volunteer Week Activation Kit can inspire you and your employees to find ways to get involved.

To ensure everyone finds a way to spread Goodness, this kit includes different ways your people can volunteer across various cause categories and leverage their skills to to give back. 

Ready to kickstart your campaign? Download our National Volunteer Week Activation Kit to get:

Volunteer opportunities — Ways your people can give their time to causes across ten different themes, including youth mentorship, food banks, mental health and more.Image suggestions — Links to images you can license to amplify your campaign promotions.

Download your kit

CHARLOTTE, N.C., April 3, 2023 /3BL Media/ – Sealed Air (NYSE: SEE) has been recognized by CDP as a Supplier Engagement Leader for partnering with its suppliers on climate change and playing a crucial role in the transition towards the net-zero sustainable economy. This marks Sealed Air’s fourth consecutive Supplier Engagement Leader recognition and follows the company’s recent A- score from CDP for its climate change efforts and B score for water security. 

Based on its 2022 CDP disclosure, Sealed Air is among the top 8% assessed for supplier engagement on climate change. 

CDP, a voluntary reporting framework, assesses performance on supplier engagement using climate change questionnaire responses on governance, targets, scope 3 emissions, and value chain engagement. 

“Reducing our greenhouse gas emissions requires collaborating with our suppliers,” said Terry Grill, Sealed Air’s Sustainability and Advocacy Leader. “We solicit feedback from our suppliers at the beginning of product development so we can offer our customers solutions that not only meet their packaging needs but also reduce greenhouse gas emissions throughout the supply chain.”

Sealed Air is focused on direct emissions as well as upstream and downstream. While the company partners with suppliers to reduce overall emissions, it also partners with customers to reduce their global emissions where there is an even greater ability to reduce total supply chain emissions.

“This year’s report shows environmental action is not happening at the speed, scale and scope required to limit global temperature rises to 1.5 degrees, with many companies still not acknowledging that their impact on the environment extends far beyond their operations and that of climate change,” said Sonya Bhonsle, CDP’s Global Head of Value Chains. “We need to see environmental leadership from companies right now by tackling their impacts on climate change and nature together, working with their suppliers in an integrated way that includes nature as standard, and incentivizing this engagement within their organization.” 

Liquid packaging and dispensing provider Liquibox, which Sealed Air acquired in February, earned a CDP Supplier Engagement rating of B for 2022. Progress on Sealed Air’s climate goals are outlined in its Global Impact Report

A list of all the companies achieving a place on the 2022 CDP Supplier Engagement Leaderboard is available on the organization’s .  

About Sealed Air

Sealed Air (NYSE: SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we find it. Our automated packaging solutions promote a safer, more resilient, and less wasteful global food, fluids and liquids supply chain, enable e-commerce, and protect goods in transit from damage. 

Our globally recognized solution brands include CRYOVAC® food packaging, LIQUIBOX® fluids and liquids systems, SEALED AIR® protective packaging, AUTOBAG® automated packaging systems, BUBBLE WRAP® packaging, SEE Automation™ and prismiq™ digital packaging and printing.

Our partnership with customers creates value through sustainable, automated, and digital packaging solutions, leveraging our industry-leading expertise in materials, automation systems, engineering and technology. 

Our SEE Net Positive Circular Ecosystem is leading the packaging industry in creating a more environmentally, socially, and economically sustainable future. We have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are committed to a diverse workforce and a caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge

SEE generated $5.6 billion in sales in 2022 and has approximately 16,300 employees (not including Liquibox employees) who serve customers in 120 countries/territories. To learn more, visit sealedair.com.

About CDP

CDP is a global nonprofit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda, and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.

HOUSTON, April 3, 2023 /3BL Media/ – The Baker Hughes Foundation announced Monday a total of $270,000 in grants to nonprofit organizations (NPOs) that promote diversity, equity and inclusion (DEI). The recipient NPOs were nominated by Baker Hughes global employee resource groups (ERGs), who have joined together based on shared interests, characteristics or life experiences.

Baker Hughes believes unique ideas and perspectives fuel innovation and our differences make us stronger. ERGs provide a sense of connection with members being active volunteers in their communities. These groups have built strong partnerships with many nonprofits across the globe to drive social change for some of the world’s toughest challenges including education, opportunity and equality.

Below are some of the charities awarded grants to drive impact in their communities:

MySkills Foundation – nominated by the Asian Pacific American Forum ERG to support STEM learning for at-risk youth in Malaysia.Junior Achievement of Southeast Texas – nominated by the Black Employee Network to fund entrepreneurship and workforce readiness educational initiatives in Houston.Easter Seals Greater Houston – nominated by the Enabled ERG to support people with disabilities and their families in Houston.Un TECHO Para Mi País – nominated by the LatinX ERG to provide housing and sanitation solutions for families in Mexico and Latin America.The Trevor Project – nominated by the Pride@Work ERG to expand LGBTQ crisis counseling and community awareness around suicide prevention across the United States and beyond.Folds of Honor Foundation – nominated by the Veterans ERG to provide educational scholarships to the families of United States armed forces members who have fallen or been disabled while on active duty.GiGi’s Playhouse – nominated by the Woman’s Network ERG to support therapeutic, educational and career-training programs for individuals with Down Syndrome across the United States and Mexico.

“Giving our employees a voice is critical and drives change by elevating the conversation, creating awareness, and engaging with the communities where we conduct business,” said Baker Hughes Chief Culture and Diversity, Equity & Inclusion Officer Nicole Durham. “We strive to be an inclusive workplace where employees know their voices are heard.”

This is the second consecutive year that the Baker Hughes Foundation has issued grants to charities nominated by ERGs. These grants support the Foundation’s mission to promote education, opportunity, diversity, equity and inclusion. This donation also supports Baker Hughes’ commitment to advancing the United Nations’ Sustainable Development Goals (SDGs).

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

CAMDEN, N.J., April 3, 2023 /3BL Media/ – Subaru of America, Inc. today announced that the automaker and its retailers have diverted more than eight million pieces of hard-to-recycle trash from landfills across the country through its Subaru Loves the Earth initiative. During Subaru Loves the Earth month in April, and throughout the year, the automaker works with global waste management leader TerraCycle® to offer recycling solutions at over 600 participating Subaru retailer locations nationwide to help transform trash into products that benefit their communities.

“It’s up to all of us to make the world a more sustainable place, and together with our retailers, we’re committed to keeping our environment beautiful and clean now and in the future,” said Alan Bethke, Senior Vice President of Marketing, Subaru of America, Inc. “We invite everyone in our communities to join our nationwide recycling effort this April and look for opportunities to recycle with their local, participating Subaru retailer.”

Through the Subaru Loves the Earth program, 629 participating Subaru retailers feature TerraCycle Zero Waste Boxes™ that are used to collect both store-generated trash from customers and employees, and at select locations, trash that is generated by community-members and brought to participating retailers to be recycled. Items collected include disposable cups, lids, straws, snack wrappers, and single-use coffee capsules. When boxes are full, they are returned to TerraCycle where the trash is recycled and used to create new items such as benches, picnic tables, playground materials and more. These items are then donated to local organizations throughout the nation.

Additionally, to make service appointments more sustainable, several Subaru retailers also work with TerraCycle to offer service lane recycling, where worn-out vehicle parts such as plastic vehicle waste and cabin air filters are also recycled.

To learn more about the recycling opportunities available through the automaker’s partnership with TerraCycle and find participating retailers, visit the Subaru Free Recycling Program. To learn more about Subaru Loves the Earth and the work Subaru does to protect and preserve the environment, visit Subaru.com/earth. Follow #SubaruLovesTheEarth on Instagram, Facebook and Twitter to learn more and see this initiative in action.

About Subaru of America, Inc. 
Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile manufacturing plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company’s vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA and the SOA Foundation have donated more than $300 million to causes the Subaru family cares about, and its employees have logged nearly 88,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do.  

For additional information visit media.subaru.com. Follow us on Facebook, Twitter, and Instagram.  

About TerraCycle
TerraCycle is an international leader in innovative sustainability solutions, creating and operating first-of-their-kind platforms in recycling, recycled materials, and reuse. Across 21 countries, TerraCycle is on a mission to rethink waste and develop practical solutions for today’s complex waste challenges. The company engages an expansive multi-stakeholder community across a wide range of accessible programs, from Fortune 500 companies to schools and individuals, and has raised over $44 million for schools and nonprofits since its founding more than 15 years ago. To learn more about TerraCycle and join them on their journey to move the world from a linear economy to a circular one, please visit www.terracycle.com.

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Diane Anton 
Subaru of America, Inc. 
856-488-5093 
danton@subaru.com

Sue Kauffman 
TerraCycle 
(609) 393-4252 x 3708 
sue.kauffman@terracycle.com

The choices that we make today shape history, and this is certainly true when it comes to sustainability. March is Women’s History Month in the United States, which began as “Women’s History Week” in 1982 and evolved into a monthly commemoration in 1987 to celebrate women’s contributions and achievements in a variety of fields.

In the field of sustainability, women are flourishing in leadership positions. According to GreenBiz, 58 percent of sustainability executives in large companies are female. This number is significant since, across different industries, the global share of women in leadership roles is 31 percent, according to high-frequency data from LinkedIn. But it isn’t just the women in the C-Suite; it is about the women growing into their sustainability roles who will become trailblazers in the field.

Those who work in sustainability right now are making history by helping to ensure a healthy future for our planet. I want to recognize some of the amazing unsung heroes at Cisco doing this great work in sustainability, from engineering to operations, customer experience, supply chain, and climate impact investing.

Catherine Paquette, Sustainability Manager, Global Energy Management and Sustainability (GEMS)

Catherine joined the GEMS team within Cisco’s real estate organization over eight years ago.

During that time, she’s seen sustainability dramatically increase in importance both inside and outside of Cisco.

She shared:

“We’ve seen a huge shift in the amount of focus on environmental sustainability. It’s been exciting to witness.

People are increasingly aware of climate change and are pushing for action.

During my time here, our team has made great strides in embedding sustainability within our workplace strategy, and within the day-to-day operation of our facilities.

We’ve also set and achieved two Scope 1 and 2 greenhouse gas emissions reduction goals. I’m looking forward to this new chapter as we scale up our efforts to help Cisco reach net zero across its value chain by 2040.”

Eve Richer, Sustainability Manager, Supply Chain Sustainability

Eve joined Cisco in 2017 as part of a cross-functional group shaping Cisco’s holistic circular economy strategy.

Over the last five years, she has led a range of programs, including initiatives to embed circularity into product design, increase product takeback and reuse, and accelerate progress toward our net zero goals.

She shared:

“It has been really rewarding to see sustainability increasingly embedded into our business.

The Cisco culture is very collaborative, and I’ve been fortunate to partner with so many colleagues passionate about driving impact through their roles, whether they are engineers rethinking product and packaging design, supply chain managers prioritizing sustainability in their sourcing strategies, or salespeople engaging customers on sustainable technology solutions.

We are working toward some ambitious sustainability goals, and I look forward to seeing the progress we’ll make together over the coming years.”

Esther Roure Vila, Sustainability Lead, Cisco Customer Experience (CX), EMEA

The economic and technical transformation needed to transition to net zero and sustainable business models will be substantial.

Esther joined Cisco in 2007 and for the past two years has shifted her focus to capturing this market opportunity and helping our customers on their journey to sustainability.

In partnership with CX Leaders and Sales, Esther supports customers with bridging the gap between their sustainability priorities and an executable roadmap.

She works interactively to set strategy, identify and align new opportunities, implement new business models, and drive revenue. She is building and managing cross-functional relationships at all levels of the business to enable our customers on their sustainability transformation, generating sustainability-driven growth.

Esther feels most inspired when mobilizing people to tackle the task at hand. She led the organization of Camino 2022 where 425 Cisco employees, friends, and families from 21 countries came together to train, prepare, and hike the Camino de Santiago—while raising funds for global charities battling cancer.

The experience was an opportunity for colleagues to connect after an extended time apart and positively impact people and the environment throughout the journey. Esther shared: “Sustainability is a big undertaking requiring interdependencies between people, planet, and profit.”

Jocelyn Matyas, Climate Impact Investing Lead, Cisco Foundation

Jocelyn Matyas leads impact investing for the Cisco Foundation’s $100M Climate Impact and Regeneration portfolio.

Her work includes setting the initial climate impact investment strategy, creating a deal-flow ecosystem, due-diligence/vetting of potential investment opportunities, and measurement and evaluation (M&E).

She also works with the Cisco Foundation board and climate subcommittee in service to Cisco’s decarbonization and regenerative priorities.

Jocelyn recently shared:

“In order to take the necessary climate action that results in a more regenerative and sustainable future, we need to unlock entire new levels of innovation and investment.

Cisco has responded to this call and the Cisco Foundation has stepped up to the task of taking on some of the relatively higher risk, but critical, investments that will pave the way for transformative climate solutions.

In my role, I consistently hear that ‘we need more climate investors like you all’ and I feel confident that our brand and approach will inspire other foundations and corporate foundations to fill key climate finance gaps and drive forward high-impact, inclusive climate solutions.”

Beth Kochuparambil, Technical Leader, Cisco’s Common Hardware Group

Beth has been working as a hardware engineer at Cisco for over 12 years, and as part of Cisco’s Common Hardware Group (CHG) her focus is on innovation, standards, and now sustainability.

The CHG is constantly innovating to ensure our products are balancing power and performance through product energy efficiency.

She recently shared:

“Industry wide, companies have been setting goals for reducing their carbon footprint, but this is only the beginning. At Cisco, this has helped us raise the conversation in all aspects of our design.

Sustainability is discussed throughout the product lifecycle, from concept to customer, and our net zero goal has allowed us to re-evaluate our steps through that process with sustainability in mind.

For a company our size, we have a unique opportunity to make a big impact and to partner with customers to drive energy efficiency throughout the internet.

Emissions are an urgent issue for our world’s health and future generations. Starting with companies and products is a great first step.

My hope is that people take it all to heart and begin to evaluate behaviors and usage at home just as seriously. Both will be needed to combat climate change.”

Learn more about Sustainability at Cisco in our Environmental, Social, and Governance Hub (ESG).

View original content here

Last week, Entergy partnered with The American Heart Association as the title sponsor for STEM Goes Red – an annual event aimed to inspire and engage young women to consider careers in Science, Technology, Engineering and Mathematics, or STEM. Although women fill close to half of all the jobs in the U.S. economy, they hold only 26% of jobs in STEM, with even less representation in engineering and math/computer sciences. Unfortunately, this gap is further exacerbated for minority women. The purpose of the event is to make significant changes to these statistics by empowering more young women to pursue careers in the sciences.

The event, held at Xavier University, brought together more than 90 young women from Einstein Charter Middle School, Alice M. Harte Charter School and Granville T. Woods Elementary School. The day kicked off with remarks from Patty Riddlebarger, Entergy’s vice president of corporate social responsibility, on the importance of increasing diversity in STEM fields for women.

“We are proud to partner with the American Heart Association on STEM Goes Red, aimed to empower and inspire young women to dream big and pursue careers in STEM,” said Riddlebarger. “Supporting opportunities such as STEM Goes Red means inspiring bright minds to lead and take action in the development of today’s economy and tomorrow’s future.”

Throughout the day, the young women participated in networking opportunities, speed mentoring, hands-on activities and breakout sessions with leaders from STEM industries, including Kenyon Webber, Entergy senior engineer, transmission design, basis standards.

Everyone in the world deserves to be engaged in the formal financial system.

At the Mastercard Center for Inclusive Growth, we work every day to forge innovative partnerships, uncover actionable insights and data, and marshal Mastercard’s built-in assets to advance financial inclusion across the globe. It’s our strategic vision and honing instinct—help as many people as possible benefit from engaging in the digital economy.

In this podcast on Bloomberg Businessweek Radio, Center President Shamina Singh speaks about the “urgency of now” when it comes to moving from silos to solutions.

In collaboration with the Aspen Institute, we’ll be digging deeper on financial inclusion—and lots more—at the Global Inclusive Growth Summit on April 13.

For a sneak peek, listen to the full podcast and for the Summit!

Mastercard Center for Inclusive Growth

The Mastercard Center for Inclusive Growth advances equitable and sustainable economic growth and financial inclusion around the world. The Center leverages the company’s core assets and competencies, including data insights, expertise and technology, while administering the philanthropic Mastercard Impact Fund, to produce independent research, scale global programs and empower a community of thinkers, leaders and doers on the front lines of inclusive growth.

The Aspen Institute

The Aspen Institute is a community-serving organization with global reach whose vision is the creation of a free, just, and equitable society. For 70 years, the Institute has driven change through dialogue, leadership, and action to help solve the world’s greatest challenges. With headquarters in Washington, D.C., the Institute has offices in Aspen, Colorado and New York City, as well as an international network of partners. Learn more at www.aspeninstitute.org.

Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company.

Check out more content from The Mastercard Center for Inclusive Growth

March 31, 2023 /3BL Media/ – CNH Industrial announces that it has entered into an agreement to purchase Hemisphere GNSS (Hemisphere), a global leader in high-performance satellite positioning technology, currently owned by Unistrong, a company incorporated in the People’s Republic of China. This acquisition is a critical step that advances our automated and autonomous solutions for Agriculture and Construction. Combined with our Raven Brand’s capabilities, this development gives us full control of our precision and navigation technologies.

“This move enhances our automation and autonomy tech stack and broadens our talent pool,” said Marc Kermisch, Chief Digital & Information Officer at CNH Industrial. “Having Hemisphere’s technology in-house will enable us to accelerate a broad range of our precision technology programs, providing our customers with immediate productivity-enhancing solutions. It will also increase the long-term competitiveness and flexibility of our agriculture and construction portfolio.”

Hemisphere’s proprietary Global Navigation Satellite System (GNSS) solutions provide pinpoint accuracy for the agriculture, construction, mining and marine industries. The company designs Electronic Systems and Software solutions. Their core technology capabilities include application-specific integrated circuit chips, circuit boards, Radio Frequency signal processing, navigation algorithms and Satellite-Based Correction designs. It will continue to operate as a standalone business via operations in the USA, Canada and Australia.

Hemisphere’s expertise and network will be integrated into our Brands’ products and services. This combination of technology and product will contribute to providing customers with a superior user experience in the field and on the job site.

“Our team is excited to combine resources and talent with CNH Industrial. This enables us to further enhance our technology and product development in core GNSS, agriculture, construction, marine and machine control markets, and to directly integrate our technology with CNH Industrial’s world class equipment,” said Farlin Halsey, President and CEO at Hemisphere GNSS.

Consideration for the acquisition is preliminarily determined at $175 million, free of cash and debt, and subject to customary adjustments. It will be funded with available cash on hand. Closing is expected to occur within the third quarter of 2023, subject to the satisfactory completion of all required closing conditions including Unistrong’s shareholders’ approval, and all mandatory regulatory approvals, including those required by the applicable laws and regulations of the People’s Republic of China.

View the full Press Release here

March 31, 2023 /3BL Media/ – Ceres applauds the Biden administration and the U.S. Environmental Protection Agency for taking decisive action to accelerate the growth of clean truck sales in states across the country, which will increase access to cutting-edge vehicles that companies want, improve air quality in highly polluted communities, and help businesses, states, and the nation meet their climate goals.

The EPA today granted a waiver for California to implement the Advanced Clean Trucks rule, an ambitious new standard for medium- and heavy-duty vehicles, such as commercial vans and large trucks. By granting the waiver to California, the EPA has also paved the way for the rule’s implementation in the six additional states that have adopted it: Massachusetts, New Jersey, New York, Oregon, Vermont, and Washington. Several other states are considering the policy, with Colorado and North Carolina each having begun the rule making process.

“Companies and state leaders are eager to get more zero-emission trucks on the road and reduce dangerous pollution that endangers people’s health,” said Alli Gold Roberts, senior director of state policy at Ceres. “We applaud the EPA for approving California’s Advanced Clean Trucks rule. This policy is a key tool to grow the clean truck market by accelerating zero emission vehicle production and ensuring companies can access the vehicles they want and need to reduce their fuel and maintenance costs.”

The Advanced Clean Trucks rule is designed to increase production of electric and other zero-emission trucks by requiring steadily growing sales over time. Under the Clean Air Act, California has the right to set more ambitious vehicle standards than the federal government, and other states are allowed to adopt them as well.

The EPA is still considering whether to grant California a waiver for the Heavy-Duty Omnibus Low NOx regulation, which is designed to reduce dangerous smog-forming nitrogen oxide pollution from new diesel-powered trucks by 90%. The California Air Resources Board requested additional time before EPA acts on the request, and Ceres remains hopeful the waiver for this critical rule will be granted.

Ceres, a nonprofit that works with companies and investors to address sustainability issues, has been a leading champion for policies that support the transition to clean trucks and has helped organize leading companies to advocate for supportive policies, including:

In 2020, major companies voiced their support for a memorandum of understanding that has now been signed by 15 states, committing to adopting policies that accelerate the growth of the market.More than 70 companies and investors — including Etsy, IKEA, and Siemens — called for the ACT rule’s widespread adoption in 2021; the number of signatories has since grown to more than 85.Nearly three dozen companies — including Panasonic, Rivian, and Tesla — called on the EPA to approve the waivers for California’s suite of standards in a letter to agency officials last year.

“These policies will foster globally competitive components, vehicle, and infrastructure industries in the United States and will provide savings to fleets and companies like ours that use medium- and heavy-duty vehicles in their business,” the companies wrote in their letter urging EPA to approve the waivers.

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.

Media Contact: Helen Booth-Tobin

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