Tag: 3BL

Henkel’s two business units, Adhesive Technologies and Consumer Brands, are united by the pioneering spirit to reimagine and improve everyday life – today and for generations to come. Building on a strong legacy of more than 145 years, our brands and products play an important role in the lives of millions of people and help to transform entire industries. In this series, Beyond the Brand, you will learn about how Henkel’s top brands are contributing to organizational goals and innovating constantly to serve and succeed on behalf of customers, consumers, and partners.

This featured brand is Loctite®, which has been delighting consumers for over 60 years. Loctite’s exceptional team works on a wide portfolio of consumer products as well as many different professional applications including automotive, aerospace, energy, electronics, construction, and more. Read on for more about the history, purpose, innovations, and sustainability of Loctite’s consumer products; and the pioneering spirit of the team that goes far beyond the brand to serve consumers and professional industries alike.

The History of Loctite®

Super glue was invented in 1942 by Dr. Harry Coover, a member of a wartime research team that unintentionally discovered a chemical compound of extraordinary stickiness, and later considered the potential in this compound for use as an enhanced version of existing Glue. Production for commercial sale by Loctite began in 1958, and it quickly became popular as a useful and versatile household adhesive. In 1997, Loctite was purchased by Henkel and the organizations combined forces to continue pushing innovation with a pioneering spirit.

The Purpose of Loctite®

For over 60 years, Loctite has excelled as global leader in reliable adhesive solutions for consumers and professionals. Its state-of-the-art product portfolio is available in over 80 countries worldwide and is distinguishable for its exceptional speed, strength, durability, and ease of use.

Loctite’s Global “Say Yes” campaign outlines its purpose to Say Yes to restoring a brighter future for all and to Say No to adding to landfills. Loctite believes that every curbside find, jobsite scrap, or renovation is a chance to create inspiring projects. “Say Yes to a better tomorrow. Say Yes to a 2nd chance. Say Yes to Loctite.”

Innovations from Loctite®

Loctite has a long legacy of innovation in consumer products. For example, Tite Foam® is a cutting-edge product that launched to act as an insulating foam sealant, made with premium ingredients that deliver high performance. Foam for different applications have their own unique benefits while offering consistent durability, high density, flexibility, UV resistance, and adhesion.

PL Premium Max® is Loctite’s strongest, most durable construction adhesive. It remains 100% solid after curing, and can be used for framing, flooring, stairs, railings, and most landscaping and deck projects with consistently successful results. Customers love the innovative technology that leaves no strong solvent odor and has only a 20-minute repositioning time.

Sustainability from Loctite®

Loctite prides itself on consumer brands and a wide professional portfolio that are committed to sustainability, aiming to make a positive impact on our planet now and for generations to come. The brand does this through innovations to formulation, packaging, and production.

For example, one of Loctite’s missions is to reduce the amount of plastic in their product portfolio. They have removed the plastic blisters from a selection of consumer adhesives like Super Glue and General Adhesives with the goal of expanding this initiative to the full assortment. Additionally, Loctite uses recycled materials in its packaging and is committed to reducing harmful chemicals in adhesive formulations while maintaining its products’ high quality and well-known bonding strength.

Beyond the Loctite® Brand 

Henkel believes that companies play a huge role in making up the fabric of local communities and supporting projects and partnerships that further the greater good. For example, Loctite’s partnership with Habitat For Humanity International and its invigoration through the “Loctite® 2nd Chance House” project. This year-long program provides $200,000 in monetary support and product donations to help the global housing organization build affordable housing.

As a part of this activation, the brand partners with dedicated construction professionals, avid DIY enthusiasts, and passionate employees who use their combined knowledge and Loctite® brand products to breathe new life into a vintage home, transforming it for a deserving family. Throughout the course of the project, this team along with Loctite and Habitat For Humanity documents renovation efforts and shares homeowner stories on social media to keep the digital community engaged with the progress. See the first episode here!

All of the Loctite® brand’s successes are achieved by an exceptional team with a commitment to problem solving and formulating solutions that align to what is best for Henkel, the brand, the communities we serve, and our customers, consumers, partners.

Henkel’s two business units, Adhesive Technologies and Consumer Brands, are united by the pioneering spirit to reimagine and improve everyday life – today and for generations to come. Building on a strong legacy of more than 145 years, our brands and products play an important role in the lives of millions of people and help to transform entire industries. In this series, Beyond the Brand, you will learn about how Henkel’s top brands are contributing to organizational goals and innovating constantly to serve and succeed on behalf of customers, consumers, and partners.

This featured brand is Loctite®, which has been delighting consumers for over 60 years. Loctite’s exceptional team works on a wide portfolio of consumer products as well as many different professional applications including automotive, aerospace, energy, electronics, construction, and more. Read on for more about the history, purpose, innovations, and sustainability of Loctite’s consumer products; and the pioneering spirit of the team that goes far beyond the brand to serve consumers and professional industries alike.

The History of Loctite®

Super glue was invented in 1942 by Dr. Harry Coover, a member of a wartime research team that unintentionally discovered a chemical compound of extraordinary stickiness, and later considered the potential in this compound for use as an enhanced version of existing Glue. Production for commercial sale by Loctite began in 1958, and it quickly became popular as a useful and versatile household adhesive. In 1997, Loctite was purchased by Henkel and the organizations combined forces to continue pushing innovation with a pioneering spirit.

The Purpose of Loctite®

For over 60 years, Loctite has excelled as global leader in reliable adhesive solutions for consumers and professionals. Its state-of-the-art product portfolio is available in over 80 countries worldwide and is distinguishable for its exceptional speed, strength, durability, and ease of use.

Loctite’s Global “Say Yes” campaign outlines its purpose to Say Yes to restoring a brighter future for all and to Say No to adding to landfills. Loctite believes that every curbside find, jobsite scrap, or renovation is a chance to create inspiring projects. “Say Yes to a better tomorrow. Say Yes to a 2nd chance. Say Yes to Loctite.”

Innovations from Loctite®

Loctite has a long legacy of innovation in consumer products. For example, Tite Foam® is a cutting-edge product that launched to act as an insulating foam sealant, made with premium ingredients that deliver high performance. Foam for different applications have their own unique benefits while offering consistent durability, high density, flexibility, UV resistance, and adhesion.

PL Premium Max® is Loctite’s strongest, most durable construction adhesive. It remains 100% solid after curing, and can be used for framing, flooring, stairs, railings, and most landscaping and deck projects with consistently successful results. Customers love the innovative technology that leaves no strong solvent odor and has only a 20-minute repositioning time.

Sustainability from Loctite®

Loctite prides itself on consumer brands and a wide professional portfolio that are committed to sustainability, aiming to make a positive impact on our planet now and for generations to come. The brand does this through innovations to formulation, packaging, and production.

For example, one of Loctite’s missions is to reduce the amount of plastic in their product portfolio. They have removed the plastic blisters from a selection of consumer adhesives like Super Glue and General Adhesives with the goal of expanding this initiative to the full assortment. Additionally, Loctite uses recycled materials in its packaging and is committed to reducing harmful chemicals in adhesive formulations while maintaining its products’ high quality and well-known bonding strength.

Beyond the Loctite® Brand 

Henkel believes that companies play a huge role in making up the fabric of local communities and supporting projects and partnerships that further the greater good. For example, Loctite’s partnership with Habitat For Humanity International and its invigoration through the “Loctite® 2nd Chance House” project. This year-long program provides $200,000 in monetary support and product donations to help the global housing organization build affordable housing.

As a part of this activation, the brand partners with dedicated construction professionals, avid DIY enthusiasts, and passionate employees who use their combined knowledge and Loctite® brand products to breathe new life into a vintage home, transforming it for a deserving family. Throughout the course of the project, this team along with Loctite and Habitat For Humanity documents renovation efforts and shares homeowner stories on social media to keep the digital community engaged with the progress. See the first episode here!

All of the Loctite® brand’s successes are achieved by an exceptional team with a commitment to problem solving and formulating solutions that align to what is best for Henkel, the brand, the communities we serve, and our customers, consumers, partners.

September 26, 2024 /3BL/ – Annual analysis from World Wildlife Fund’s Plowprint report reveals 1.9 million acres of grasslands were converted for crops in 2022 alone across the Great Plains. While this figure’s significance cannot be downplayed, it marks an improvement from the previous 10-year average of 2.6 million acres annually. The report finds that just 55% of grassland in the US and Canadian Great Plains remains intact, putting pressure on wildlife and pollinator habitats and impacting an essential carbon sink.

“With just over half of the Great Plains grasslands remaining, every cut from the plow has significant consequences for wildlife, carbon storage and clean water,” said Martha Kauffman, vice president for WWF’s Northern Great Plains program. “The last 10 years have been a rollercoaster ride of improvements and setbacks. With appreciation for grasslands on the rise, now is the time for increased investment and policies to save what is left.”

Conversion across the Great Plains came from four main crops, including wheat (37%), corn (11%), canola (11%), and soy (9%). An additional 220,000 acres of cropland were lost for development in 2022, an increase from the 10-year average of 175,000 acres annually.

The report also found in the Northern Great Plains, which represents one of the world’s last remaining intact temperate grasslands, 70% of the grass in this region remains intact. Yet still, 480,000 acres, an area twice the size of New York City, was converted to cropland during 2022.

“Losing grasslands of course has vital climate and land use change implications, but some impacts may be less visible to the naked eye,” said Clay Bolt, manager of pollinator conservation for WWF. “Pollinators, including many native bees that once thrived in the US and Canada, play a vital role preserving natural ecosystems. But the effect of grasslands loss is compounded due to an increase in neonics – a type of insecticide that is commonly found in croplands. As a result, bees, birds, and many other species are vanishing at alarming rates.”

Balancing the protection of grasslands habitats and species that rely on them, while supporting the livelihoods of producers across the Great Plains, requires strong policies. Protecting and building upon the historic investments in Farm Bill conservation programs including, the expansion and strengthening of Sodsaver, and bolstering the Grasslands Conservation Reserve Program, will help keep grasslands standing while also supporting sustainable grazing practices. Additional investment is needed for policies and programs that improve the sustainable management of productive farmland and protect it from development. To ensure long-term success, these efforts must also increase equity and access to conservation programs and funding for Native nations.

World Wildlife Fund’s 2024 Plowprint Report is available at plowprint.org

Media Contact:

Susan.McCarthy@wwfus.org

About WWF

WWF is one of the world’s leading conservation organizations, working in nearly 100 countries for over half a century to help people and nature thrive. With the support of more than 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat the climate crisis. Visit http://www.worldwildlife.org to learn more and keep up with the latest conservation news by following @WWFNews on Twitter and signing up for our newsletter and news alerts here.

September 26, 2024 /3BL/ – Annual analysis from World Wildlife Fund’s Plowprint report reveals 1.9 million acres of grasslands were converted for crops in 2022 alone across the Great Plains. While this figure’s significance cannot be downplayed, it marks an improvement from the previous 10-year average of 2.6 million acres annually. The report finds that just 55% of grassland in the US and Canadian Great Plains remains intact, putting pressure on wildlife and pollinator habitats and impacting an essential carbon sink.

“With just over half of the Great Plains grasslands remaining, every cut from the plow has significant consequences for wildlife, carbon storage and clean water,” said Martha Kauffman, vice president for WWF’s Northern Great Plains program. “The last 10 years have been a rollercoaster ride of improvements and setbacks. With appreciation for grasslands on the rise, now is the time for increased investment and policies to save what is left.”

Conversion across the Great Plains came from four main crops, including wheat (37%), corn (11%), canola (11%), and soy (9%). An additional 220,000 acres of cropland were lost for development in 2022, an increase from the 10-year average of 175,000 acres annually.

The report also found in the Northern Great Plains, which represents one of the world’s last remaining intact temperate grasslands, 70% of the grass in this region remains intact. Yet still, 480,000 acres, an area twice the size of New York City, was converted to cropland during 2022.

“Losing grasslands of course has vital climate and land use change implications, but some impacts may be less visible to the naked eye,” said Clay Bolt, manager of pollinator conservation for WWF. “Pollinators, including many native bees that once thrived in the US and Canada, play a vital role preserving natural ecosystems. But the effect of grasslands loss is compounded due to an increase in neonics – a type of insecticide that is commonly found in croplands. As a result, bees, birds, and many other species are vanishing at alarming rates.”

Balancing the protection of grasslands habitats and species that rely on them, while supporting the livelihoods of producers across the Great Plains, requires strong policies. Protecting and building upon the historic investments in Farm Bill conservation programs including, the expansion and strengthening of Sodsaver, and bolstering the Grasslands Conservation Reserve Program, will help keep grasslands standing while also supporting sustainable grazing practices. Additional investment is needed for policies and programs that improve the sustainable management of productive farmland and protect it from development. To ensure long-term success, these efforts must also increase equity and access to conservation programs and funding for Native nations.

World Wildlife Fund’s 2024 Plowprint Report is available at plowprint.org

Media Contact:

Susan.McCarthy@wwfus.org

About WWF

WWF is one of the world’s leading conservation organizations, working in nearly 100 countries for over half a century to help people and nature thrive. With the support of more than 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat the climate crisis. Visit http://www.worldwildlife.org to learn more and keep up with the latest conservation news by following @WWFNews on Twitter and signing up for our newsletter and news alerts here.

Starting in 2024, SAP is doubling down on its net-zero strategy by expanding its commitment to nature conservation and making financial contributions to climate projects.

The financial contribution will support carbon removal and carbon reduction projects:

Carbon removal projects: These projects remove carbon emissions from the atmosphere and store them for decades – in an ideal scenario, the storage is permanent. Examples include nature-based and technical solutions such as reforestation, where trees store carbon emissions in their biomass as well as direct air capture and storage technologies.Carbon reduction projects: Also known as carbon avoidance projects, these projects prevent additional carbon emissions from entering the atmosphere, reducing the overall amount of carbon emitted. Examples include avoided deforestation or energy efficiency projects.

This doubling down on its net-zero strategy follows SAP’s successful delivery on its pledge to become carbon neutral in its own operations in 2023 by balancing out unavoidable emissions with carefully selected carbon credits. While the company’s use of the statement “carbon-neutrality” will be discontinued, the dedication to reduce its carbon footprint and finance climate action beyond its own value chain remains strong.

Net zero is a state where the greenhouse gases going into the atmosphere are balanced by removal out of the atmosphere. There are a number of definitions of net zero and how companies can achieve it. SAP follows the Science Based Targets initiative’s (SBTi) Net-Zero Standard. Achieving net-zero emissions across our entire value chain means that all our emissions across all emission sources need to be either eliminated or, up to certain limits, compensated for. These emission areas, known as scopes, include those from our own operations, those generated by the energy we purchase to run operations, and finally, the largest area, external emissions such as those incurred by employee travel, items procured, and customer data center use.

SAP Is On Track to Plant 21 Million Trees and Plans More

SAP is on track to meet its 2025 goal of planting 21 million trees and has now raised its reforestation commitment.

By 2030, SAP will support trusted partners and communities to plant and protect a total of 25 million trees helping to conserve diverse forests. Furthermore, SAP will fund the conservation and rewetting of coastal and inland wetlands such as bogs and mangrove swamps. With these conservation initiatives and the increased reforestation pledge, SAP’s goal is to conserve more land than its offices and owned data centers occupy worldwide.

To ensure that selected projects deliver a positive outcome, SAP will continue to apply the rigorous and robust due diligence that has previously informed the selection of successful climate investments such as SAP’s long partnership with Livelihood Carbon Funds (LCF), where SAP has funded the planting of trees in Senegal, Rwanda, India, Indonesia, Guatemala, and Mexico.

Bridging the Gap

SAP firmly believes that financing climate projects beyond a company’s value chain should be an item on every corporate sustainability agenda. As long as it does not undermine current corporate decarbonization programs, the financial muscle of corporations can bridge the gap in parts of the world where fiscal finances are not robust enough to restore ecosystems and build resilient low carbon economies and livelihoods.

This financial contribution will provide quantifiable benefits to mitigate the effects of climate change beyond SAP’s own value chain with investments in projects that deliver a positive impact for the climate, for local and global populations, and for biodiversity.

The level of the financial contribution is determined by SAP’s own emissions in a given year and is disclosed in terms of carbon emissions, since costs for carbon projects can be subject to change.

With this financial contribution and increased commitment to land conservation and reforestation, SAP continues its journey to introduce meaningful measures to achieve net-zero in 2030, 20 years earlier than originally planned.

Financing climate projects at the same time as pursuing its corporate net-zero agenda allows SAP to take responsibility for emissions that cannot be avoided and actively mitigate climate change on a global level. Furthermore, the financial contribution will enable positive climate action on a far greater scale than SAP could achieve alone.

Shifting Perceptions

In the last 15 years, corporate sustainability at SAP has shifted perceptions on how corporations manage their own carbon emissions and how corporate sustainability agendas must be as actionable as they are accountable.

Since 2012, the SAP Integrated Report has shared information on SAP’s annual environmental performance and progress on corporate sustainability targets. SAP has led the way in showing that corporate sustainability is an integral part of business – not just an add-on to strategy or operations.

SAP’s carbon impact is one of the sustainability KPIs that are indicators of future performance and form the basis of compensation elements for members of the Executive Board of SAP SE. Today, sustainability is deeply embedded in SAP’s vision to bring out the best in every business. With its extensive portfolio of sustainability solutions, sustainability is anchored in SAP’s purpose to make the world run better and improve people’s lives.

Connect with SAP News on LinkedIn to stay up-to-date

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To achieve carbon neutrality by 2050, Saint-Gobain North America must reach key milestones by 2030. In our latest episode of Journey to 2030, we discuss how net-zero carbon is achievable. Having the first zero-carbon gypsum plant in North America is just the beginning. By reducing our CO2 emissions in our plants, we are supporting our customers to create more sustainable buildings for the future.

Watch the Saint-Gobain video series Journey to 2030 here

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023 
160,000 employees, locations in 76 countries 
Committed to achieving net zero carbon emissions by 2050

September 26, 2024 /3BL/ – Hurricane Helene has officially strengthened to a Category 1 hurricane ahead of making landfall in the Big Bend area of Florida tomorrow night. T-Mobile has activated its emergency teams in anticipation of the severe winds up to 125 mph, 8-12 inches of rain and potentially fatal storm surge Hurricane Helene may bring across Florida, Alabama and Georgia. Here’s how T-Mobile and its emergency response teams are working to ensure customers, communities, first responders and others remain connected:

Network Preparation 
Our network emergency management team, local market teams and National Operations Centers are vigilantly monitoring our network’s performance. T-Mobile’s teams are also pre-staging a large fleet of equipment at critical and strategic locations in Florida, Alabama and Georgia for rapid deployment after Hurricane Helene passes and conditions safely allow, and have taken steps to ensure that permanent backup power resources are ready, including:

T-Mobile’s Mobile Emergency Operations Centers (EOCs): Large RVs with network management and monitoring equipmentSatCOLTs and SatCOWs: Satellite cell-on-light-trucks and satellite cell-on-wheels that teams can drive to impacted areas to temporarily restore or boost serviceQuick-deploy and portable VSATs: Satellite dishes called “Very Small Aperture Terminals” that can provide a layer of coverage across broad areas and quickly provide temporary wireless service to send and receive data from T-Mobile’s networkMicrowave solutions: Network technology that offers high throughput and low latency for better data usagePortable Generators: Portable power solutions that can be quickly set up to power sites and help customersPermanent Batteries and Generators: Generators and batteries permanently installed on key sites — such as cell sites, data centers and switching centers — along Hurricane Helene’s path and surrounding areas have been topped up

Moreover, T-Mobile’s network modernization allows local teams to swiftly and digitally fine-tune network coverage, focusing on critical areas to boost signal concentration as needed. By adjusting antennas and towers, T-Mobile can bolster connectivity for rescue operations, Incident Command Centers, shelters, reunification centers, hospitals or other essential locations.

Public Safety and First Responders 
T-Mobile for Government is actively engaged with numerous federal, state and local officials and emergency management agencies across Florida, Alabama, Georgia, North Carolina, South Carolina and Virginia including: Federal Emergency Management Agency (FEMA), Cybersecurity & Infrastructure Security Agency (CISA) and each state’s Emergency Operations Center.

Our team is already preparing to deploy to support requests from first responders for additional network coverage and capacity once conditions safely allow.

Agencies needing communications assistance can reach out to our 24-hour emergency hotline at 888-639-0020 or email at ERTRequests@T-Mobile.com.

Community Support 
Our teams will be staged in Mississippi and Georgia with a second large fleet of equipment and assets for deployment once conditions are safe. This includes a Community Support Command Center to serve as a central hub for T-Mobile’s community operations, as well as numerous heavy-duty trucks and trailers that provide Wi-Fi and device charging and are stocked with charging supplies for anyone who needs them.

Customer Concessions 
While the majority of our customers are on plans with unlimited talk, text and data, for those who aren’t we are offering unlimited talk, text and data for T-Mobile, Metro by T-Mobile and Assurance Wireless customers from tomorrow, September 26, through Wednesday, October 2, in the following counties:

Alabama: Barbour, Chambers, Henry, Houston, Lee, Randolph and RussellFlorida: Alachua, Baker, Calhoun, Citrus, Columbia, Dixie, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hernando, Jackson, Jefferson, Lafayette, Leon, Levy, Liberty, Madison, Suwannee, Taylor, Union and WakullaGeorgia: Appling, Atkinson, Bacon, Baker, Baldwin, Ben Hill, Berrien, Bibb, Bleckley, Brantley, Brooks, Burke, Butts, Calhoun, Candler, Charlton, Chattahoochee, Clay, Clinch, Coffee, Colquitt, Cook, Crawford, Crisp, Decatur, Dodge, Dooly, Dougherty, Early, Echols, Emanuel, Glascock, Grady, Hancock, Harris, Heard, Houston, Irwin, Jasper, Jeff Davis, Jefferson, Jenkins, Johnson, Jones, Lamar, Lanier, Laurens, Lee, Lowndes, Macon, Marion, Meriwether, Miller, Mitchell, Monroe, Montgomery, Muscogee, Peach, Pierce, Pike, Pulaski, Putnam, Quitman, Randolph, Schley, Seminole, Spalding, Stewart, Sumter, Talbot, Tattnall, Taylor, Telfair, Terrell, Thomas, Tift, Toombs, Treutlen, Troup, Turner, Twiggs, Upson, Ware, Washington, Wayne, Webster, Wheeler, Wilcox, Wilkinson and Worth

Employees and Retail Stores 
We are monitoring potential impacts on our employees, retail stores and other locations. For updates on local store operations, please use our store locator to check your nearest store, as some locations may be temporarily closed or operating under modified hours in the coming days.

More Information 
For more information on how T-Mobile prepares for emergencies and disasters along with steps that customers can take to prepare, please go T-Mobile’s Emergency Response Resource site at: https://www.t-mobile.com/news/emergency-response.

Media Relations Contact 
T-Mobile US, Inc. 
MediaRelations@t-mobile.com

Investor Relations Contact 
T-Mobile US, Inc. 
Investor.Relations@t-mobile.com 
https://investor.t-mobile.com

CINCINNATI, September 26, 2024 /3BL/ – The Fifth Third New Markets Development Company has received a $50 million allocation in New Markets Tax Credits from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.

An affiliate of the Fifth Third Community Development Company, LLC (CDC), the Fifth Third New Markets Development Company is one of 104 community development entities across the U.S. to receive an award in the $5 billion Treasury fund allocation announced on Sept. 19.

“One of the primary missions of the Fifth Third CDC is to support low-income communities across our footprint that have experienced a legacy of disinvestment, wealth extraction and income disparities,” said Kala Gibson, chief corporate responsibility officer for Fifth Third. “Through initiatives like our place-based neighborhood investment program, we have delivered capital to low-income communities to help build existing community assets and address barriers to economic mobility. This allocation will enable our Community Development Banking team and the Fifth Third CDC to bring exponentially more impact to the communities we serve.”

The New Markets Tax Credit Program helps economically distressed communities attract private investment capital. The federal tax credit helps to fill project financing gaps by enabling investors to make larger investments than would otherwise be possible. Communities benefit from the jobs associated with investments in manufacturing, retail and technology, as well as from greater access to housing and public facilities such as health, education and childcare.

The Fifth Third CDC invests in real estate developments across the Bank’s 11-state footprint to help communities thrive. These investments can include affordable housing, small business spaces or community facilities. Often, the projects enable access to essential services for residents, including financial education, social programming and greenspaces for recreation.

“This allocation demonstrates that Fifth Third’s innovative, place-based approach to working in neighborhoods and working at a neighborhood scale is being recognized nationally. And for neighborhoods across our footprint in which we are engaged, Fifth Third now has yet another tool we can use to drive capital into communities in partnership with them,” said Susan E. Thomas, president of the Fifth Third CDC.

“Of the various federal tax credits, New Markets Tax Credits are the most impactful for driving neighborhood transformation,” Thomas said. “As we have become increasingly active in place-based development and lending, we realized that not having these tax credits as part of our toolkit was hampering our ability to show up for our communities with all of the tools at our disposal.”

The Fifth Third CDC is an experienced NMTC participant as an equity investor and leverage lender in this locally managed federal program. Fifth Third works with a network of Community Development Entities – intermediaries serving low-income communities – to provide funding for qualified projects. Recent Fifth Third CDC investments include CityLink Center in Cincinnati, mHUB in Chicago, and AVW Equipment in Maywood, Illinois.

Community economic development is a cornerstone of Fifth Third’s Neighborhood Program, which creates and implements innovative place-based strategies to effect positive change in nine historically disinvested neighborhoods across the Bank’s footprint.

Launched in 2021, Fifth Third’s Neighborhood Program is pioneering a new way to do community development by partnering with local organizations to build ecosystems that drive real change through both financial and social investments. This collective ecosystem approach is focused on identifying solutions to key challenges in partnership with the community, with the goal of creating lasting, transformative change.

In December 2023, Fifth Third announced that its $180 million, three-year commitment to the Neighborhood Program had been met and exceeded early, reaching $187 million in just two years. Fifth Third has extended technical assistance for the program through 2025 to ensure continued, sustained impact and progress.

###

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

About the New Markets Tax Credit Program

The New Markets Tax Credit Program, established by Congress in December 2000, permits individual and corporate taxpayers to receive a non-refundable tax credit against federal income taxes for making equity investments in financial intermediaries known as Community Development Entities (CDEs). CDEs that receive the tax credit allocation authority under the program are domestic corporations or partnerships that provide loans, investments, or financial counseling in low-income urban and rural communities. The tax credit provided to the investor totals 39% of the cost of the investment and is claimed over a seven-year period. The CDEs in turn use the capital raised to make investments in low-income communities. CDEs must apply annually to the CDFI Fund to compete for New Markets Tax Credit Program allocation authority. Since the inception of the NMTC Program, the CDFI Fund has completed 20 allocation rounds and has made 1,667 awards totaling $81 billion in tax allocation authority. This includes $3 billion in Recovery Act Awards and $1 billion of special allocation authority used for the recovery and redevelopment of the Gulf Opportunity Zone.

To learn more about the New Markets Tax Credit Program, please visit www.cdfifund.gov/nmtc

Watch video: Don’t Feed the Landfills – Subaru x NPCA

It takes all of us to make a difference – ‪@Subaru‬ the National Parks Conservation Association (‪@NpcaOrg‬ ) and our partners have been doing our part! Over nearly 10 years, we’ve kept more than 22 MILLION pounds of trash out of national parks like Denali, Grand Teton and Yosemite in coordination with the National Park Service, National Park Foundation, and community partners. Together, we achieved this through waste reduction, recycling, composting, and educational initiatives to engage park visitors on ways to lessen their environmental footprint. That’s a real commitment to clean, green sustainability for America’s most iconic places. Subscribe to learn how you can keep making a difference for our national parks.

To learn more about Subaru Loves the Earth®, visit: www.subaru.com/earth.

About Subaru of America, Inc.

Subaru of America, Inc. (SOA) is an indirect wholly owned subsidiary of Subaru Corporation of Japan. Headquartered in Camden, N.J., the company markets and distributes Subaru vehicles, parts, and accessories through a network of about 640 retailers across the United States. All Subaru products are manufactured in zero-landfill plants, including Subaru of Indiana Automotive, Inc., the only U.S. automobile manufacturing plant 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 $320 million to causes the Subaru family cares about, and its employees have logged over 100,000 volunteer hours. Subaru is dedicated to being More Than a Car Company® and to making the world a better place. For additional information, visit media.subaru.com. Follow us on Facebook, Instagram, LinkedIn, TikTok, and YouTube.

The energy transition stands as the defining challenge of our era. Every sector faces mounting pressure to power human progress in a way that is reliable and affordable but also, critically, more sustainable and equitable. In this episode, join Pravin Chandran, Managing Director in the KPMG US Data and Technology practice who will be facilitating a Q&A discussion with Dan Harple, Founder & CEO of Context Labs, on the energy transition, and how Context Labs is helping their customers navigate the increasingly complex landscape and deliver on their goals.

Click here to listen to Episode 27 of ESG voices