Tag: 3BL

The SLAM (Stop, Look, Assess, Manage) process was implemented across all our wood products facilities in 2021 as a risk assessment program. SLAM reinforces the responsibility of each individual to be accountable for themselves and for those around them and be aware of the risks of hazards before beginning certain tasks. It establishes a process to consciously plan work with safety in mind and reminds Team Members to place a priority on stop-work measures if something appears unsafe or if there is an identified unaddressed hazard. Safety Managers introduced SLAM at all facilities, followed up by on-line training for Team Members. Team Members are asked to complete SLAM cards to improve risk awareness for any upset condition, non-routine task, or a task without a written job safety analysis (JSA). Situational awareness has increased with the implementation of SLAM and numerous corrective actions are being implemented due to the dedicated pause that SLAM provides.

There are four stages to SLAM:

STOP 

Stop and consider the work or task. Has anything changed? Do you have the training and are you comfortable doing the task? Do you need a permit?

LOOK 

Look for and identify any work hazards before, during, and after the task. Decide what you will do to avoid any hazards. What might happen?

ASSESS 

Assess what needs to be done. Do you have the correct knowledge, skills, training, and tools to complete the task safely? What impacts will hazards have?

MANAGE 

Manage safety by eliminating identified hazards to reduce severity and likelihood of injury and applying the correct controls or personal protective equipment. If you feel unsafe stop working. Tell your supervisors what would make the situation safe.

In 2023, the SLAM (Stop, Look, Assess, Manage) technique continued to play a pivotal role in enhancing safety protocols across all our wood products facilities. Originally introduced in 2021 as a comprehensive risk assessment program, SLAM has become ingrained in our safety culture, reinforcing the principle of individual accountability and heightened risk awareness among Team Members.

Building upon the foundation laid in the previous year, the implementation of SLAM underwent further refinement and integration into daily operations for all tasks performed by Maintenance at our Warren facility. The Safety Managers continued to ensure that SLAM principles were consistently applied across all facilities, emphasizing the importance of proactive hazard identification and mitigation strategies.

Throughout the year, significant strides were made in bolstering situational awareness among Team Members, resulting in increased responsiveness to potential hazards. The four stages of SLAM – Stop, Look, Assess, Manage – remained the cornerstone of our safety approach, guiding employees through a structured process aimed at minimizing risks and promoting a safer work environment.

The SLAM Card usage across our division provides a valuable snapshot of our commitment to safety and risk management. In 2021, the utilization of SLAM Cards stood at 6,392, indicating a proactive initiation. However, as our sites undergo transformations in equipment and processes and implement Job Hazard Analyses (JHA) for various job tasks, we observed a substantial increase in SLAM Card usage in 2022, reaching 19,494. This surge reflects the heightened emphasis on safety protocols amidst evolving operational landscapes. The SLAM Card usage in 2023 decreased to 12,306, as the integration of JHA and procedural enhancements led to a more systematic approach to risk assessment. This decline underscores the effect of our safety initiatives in fostering a culture of proactive risk management.

As global endeavors to curb deforestation gain momentum, companies around the world are looking to tighten their operations and secure their supply chains to achieve compliance with the European Union Deforestation Regulation (EUDR). Adhering to EUDR goes beyond mere regulatory compliance — this regulation stands as a pledge to sustainability and ethical sourcing. Manufacturers, operators, and traders of key commodities and their derived products in the EU market will be impacted by EUDR, which aims to prevent the import and export of products linked to deforestation and forest degradation.

The EUDR took effect on June 29, 2023, and will apply to EU imports starting on December 30, 2024, with some special provisions for small and medium-sized enterprises (SMEs) with a start date of June 30, 2025. However, earlier this week, the European Commission proposed an extra 12 months of phasing-in time for companies who are required to comply with the EUDR. If approved by the European Parliament and the Council, it would make the law applicable on 30 December 2025 for large companies and 30 June 2026 for micro- and small enterprises.

The EUDR covers seven commodities that are heavily linked to deforestation and forest degradation: soy, beef, palm oil, wood, cocoa, coffee, and rubber. To comply with EUDR, these commodities and their derived products must be deforestation-free, covered by a due diligence statement attesting to that fact, and must adhere to the legal sourcing regulations of the country of origin. The cut-off date for the allowance of deforestation or forest degradation to produce these commodities was December 31, 2020 — this means that products produced after this date must not have caused deforestation and forest degradation.

In this blog, we answer some of the most frequently asked questions surrounding EUDR compliance. We also explain how SCS Global Services can help you meet these requirements and demonstrate your commitment to environmental and social responsibility.

In this blog we cover the following topics and questions:

What is a due diligence statement and what information should it contain?What are the requirements for geo-location and what are the best practices to geo-locate products?What are the due diligence requirements for fair labor practices and what language is required to maintain compliance?What are the benefits of certifications for EUDR compliance and overall sustainability?How can SCS Global Services help you with EUDR compliance?

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Episode 1 of Career On Purpose, a new podcast series from Merck, features an engaging conversation on the company’s transformative “Skills-First” program, which helps attract, develop, advance and retain talented people who don’t have four-year degrees.

In this episode, Ngozi Motilewa, enterprise HR lead for Merck’s Skills-First Diversity Talent Initiative, shares details on the program’s origins, workings and impact, and Robert Roberson, an enterprise shared service manager for Merck, delves into his personal journey and the vital role mentoring has played in his ascent to a leadership position within the program.

Learn more about Merck’s Skills-First program at https://jobs.merck.com/skills-first.

Merck & Co., Inc.

At Merck, known as MSD outside of the United States and Canada, we are unified around our purpose: We use the power of leading-edge science to save and improve lives around the world. For more than 130 years, we have brought hope to humanity through the development of important medicines and vaccines. We aspire to be the premier research-intensive biopharmaceutical company in the world – and today, we are at the forefront of research to deliver innovative health solutions that advance the prevention and treatment of diseases in people and animals. We foster a diverse and inclusive global workforce and operate responsibly every day to enable a safe, sustainable and healthy future for all people and communities. For more information, visit www.merck.com and connect with us on Twitter, Facebook, Instagram, YouTube and LinkedIn.

View original content here.

QVC is thrilled to announce our exciting partnership with Plastic Bank to support the collection and recycling of plastic from the environment! 

At Qurate Retail Group, we’re committed to making a positive impact on the world by ending poverty and stopping plastic pollution. Through this partnership with Plastic Bank, we aim to gather 50 tons of plastic year-round and recycle it into Social Plastic® recycled feedstock that is reprocessed and reintegrated into products and packaging for consumer goods. This will help reduce the reliance on virgin plastics and greatly decrease greenhouse gas emissions associated with manufacturing.

By turning plastic into currency, we’re empowering the collection and exchange of discarded plastic. We believe that by working together with Plastic Bank and other partners, we can create a brighter and more sustainable future for everyone. 

Learn more about Plastic Bank here: https://plasticbank.com/

Authored by Baker Tilly’s Gideon Gradman, Robert Moczulewski, Jiyoon Choi, Beckett Woodworth

IRS Notice 2024-48 provides essential information for taxpayers to determine their eligibility for the IRA energy community tax credit bonus under sections 45, 45Y, 48 and 48E of the Internal Revenue Code (IRC). This notice, which includes updated lists of U.S. counties and U.S. census tracts eligible for the energy community bonus credit in Appendix 1 and 2, is crucial in assisting clients in understanding eligibility to effectively claim these credits.

The Inflation Reduction Act of 2022 (IRA) amended sections 45 and 48 of the IRC to increase credit amounts or rates for projects meeting energy community requirements. Additionally, new sections 45Y and 48E were introduced, offering similar benefits for projects placed in service after Dec. 31, 2024. To qualify for these increased credits, projects must satisfy specific location-based criteria under the Statistical Area Category or the Coal Closure Category.

There are three ways to qualify for the energy community bonus credit. The project must be in:

a brownfield site, ormetropolitan statistical area or nonmetropolitan statistical area that meet employment, tax revenue or unemployment rate criteria, ora community in proximity to a coal mine that closed after Dec. 31, 1999, or near a coal-fired electric generating unit that was retired after Dec. 31, 2009.

What is an “EC project”? 

The term “EC project” (energy community project) refers to:

a qualified facility eligible for a credit under IRC sections 45 or 45Y,an energy project eligible for a credit under section 48, ora qualified investment with respect to a qualified facility or energy storage technology eligible for a credit under section 48E, provided these are placed in service within an energy community.

The requirements to qualify an EC project for the increased credit amounts or rates are detailed in sections 45(b)(11), 48(a)(14), 45Y(g)(7) and 48E(a)(3)(A).

In summary, Notice 2024-48 is pivotal for taxpayers seeking the energy community bonus credit. It provides updated criteria and lists for determining eligibility under the Statistical Area and Coal Closure Categories, reflecting recent changes and additions under the IRA.

Your organization can maximize potential IRA credits by verifying your project’s location-based eligibility. Use Baker Tilly’s interactive mapping tool to determine if your project might be in an energy community. Connect with a Baker Tilly specialist today to confirm that your project is in a qualified energy community or to learn more about the IRA.

LISC Fund Management, LLC (LFM) and partners are pleased to announce the launch of the Cleveland Housing Investment Fund (CHIF), made possible by a transformative $18 million grant commitment from the City of Cleveland and a $20 million planned investment from KeyBank. The legislation required to for the City to provide financing to the CHIF was passed this evening by Cleveland City Council.

The significant commitments from the City and KeyBank aim to address systemic inequality and discrimination by creating inclusive, affordable housing for Clevelanders. This public-private partnership seeks to invest $100 million in resilient neighborhoods with a focus on serving underrepresented communities and stimulating economic growth.

The $18 million grant commitment from the City of Cleveland serves as the cornerstone for the CHIF, a collaborative initiative launched by the City, KeyBank, and the Cleveland office of Local Initiatives Support Corporation (LISC). The primary objective of the CHIF is to cultivate vibrant and resilient neighborhoods within the City of Cleveland through the development of mixed-income rental housing and homeownership opportunities. The CHIF will provide debt and equity-like funding to neighborhood-scale housing development with a focus on affordability, developers who have historically been excluded from capital markets, and neighborhood impact. Through this strategy, the CHIF aims to create pathways for wealth generation.

Urgency drives this initiative in Greater Cleveland, where rents are rising at a faster rate than most United States metro areas, and demand has created a pressing need to build more affordable housing for low-income, working-class, and middle-class residents.

“The availability of affordable, quality housing is an intractable challenge that we need strong collaboration to solve. It is critical that we drive private investment in our neighborhoods that have not seen the same level of investment as other areas of the city,” said Mayor Justin M. Bibb. “Establishing the CHIF as a framework for this effort is a vital step towards tackling the housing challenges Clevelanders face, and I am grateful to the partners for their support.”

The City’s financial commitment to CHIF is further bolstered by a $20 million commitment from KeyBank Community Development Financial Institution (CDFI) group, a division of KeyBank Community Development Lending and Investment. KeyBank CDFI delivers investments, loans and banking products & services to mission-driven CDFI partners that help expand access to the economic mainstream for low-income families and communities.

“Our $20 million commitment from our CDFI team in the Cleveland Housing Investment Fund underscores our commitment to affordable housing solutions that transform communities, providing families with safe places to live and grow,” said Brian Maddox, National Team Leader for KeyBank CDFI Lending and Investment. We are proud to partner with LISC and the City of Cleveland to help bring affordable housing, opportunities and change to neighborhoods across Cleveland.”

The CHIF is managed by LFM, a wholly owned subsidiary of national nonprofit, LISC, in close collaboration with LISC’s Cleveland office (LISC Cleveland). LFM manages mission focused investment funds at a national and local level to include similar affordable housing funds in other cities across the country, including Charlotte, Detroit, Dallas, and the Bay Area. The City’s decision to partner with LISC was driven by LISC’s impressive track record in community development, affordable housing financing, and collaboration with local governments to foster diverse housing opportunities.

“The affordable housing crisis is top of mind for leaders across the country and especially at LISC,” said LFM Interim President, Tiffany Durr. “The public-private partnership in Cleveland demonstrates what is possible when we collaborate and use our expertise to leverage significant resources to expand access to affordable housing for all. LISC values its impactful partnership with the City of Cleveland and KeyBank and looks forward to continuing to work together to advance equity and opportunity in the communities our organizations serve.”

Kandis Williams, Executive Director of LISC Cleveland, highlighted LISC’s longstanding dedication to the Cleveland community. “Since opening our first office here in 1981, LISC has remained steadfast in investing in the prosperity of Cleveland neighborhoods,” said Williams. “Through our comprehensive programs and initiatives, we have supported local organizations and catalyzed positive change in the areas of affordable housing, economic development, and financial stability. The CHIF is just one more tool we eagerly anticipate leveraging for the benefit of Clevelanders.”

Following yesterday’s passage, CHIF will seek corporate and philanthropic investments, work to open an application portal for projects to apply for financing, and begin making affordable housing investments.

“We are proud to support the Cleveland Housing Investment Fund and look forward to playing a role in this important work,” said City Council President Blaine A. Griffin. “City Council hears from residents every day about the need for affordable housing and additional investment in our neighborhoods, particularly in those areas that have been historically underserved.”

The Cleveland Housing Investment Fund represents a landmark opportunity to address housing inequities and promote shared prosperity in Cleveland for generations to come. Additional information and guidance for developers seeking financing will be provided soon.

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* References made to endorsements by any third party to invest with LISC or CHIF are not indicative of future performance and do not imply any guaranteed level of service, skill or training. Investors should not rely on endorsements for any purpose and should conduct their own review prior to investing. None of Mayor Justin Bibb, Council President Blaine Griffin, Brian Maddox, Michael Pugh, or Kandis Williams are a “promoter” who is compensated for this statement.

About the City of Cleveland 
The City of Cleveland is committed to putting people and neighborhoods first, working to deliver high-quality city services and leading bold change. The City is focused on building a stronger and safer Cleveland and modernizing City Hall to improve outcomes for residents, businesses and visitors. To learn more about the City of Cleveland, visit clevelandohio.gov, X (formerly Twitter) at @CityofCleveland or Facebook at facebook.com/cityofcleveland.

About Cleveland City Council 
Cleveland City Council is comprised of seventeen members who are each elected to a 4-year term. A member serves about 25,000 people in their respective ward. Each member serves on one or more committees that discuss and vote on legislation. In 2023, City Council passed more than 1,400 ordinances related to safety, services, economic development, and other quality of life issues. Learn more about Cleveland City Council at clevelandcitycouncil.org. Follow City Council on social media at facebook.com/clecitycouncil, x.com/clecitycouncil, instagram.com/clecitycouncil.

About KeyBank Community Development Lending and Investment 
KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing and community development capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low-Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 11 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.

About Local Initiatives Support Corporation (LISC) and LISC Fund Management, LLC (LFM)

LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close systemic gaps in health, wealth, and opportunity and advance racial equity so that people and places can thrive. Since its founding in 1979, LISC has invested $32 billion to create more than 506,000 affordable homes and apartments, develop 82.5 million square feet of retail, community, and educational space, and help tens of thousands of people find employment and improve their finances.

For more, visit www.lisc.org and www.lisc.org/cleveland

The investment pools sponsored by LISC are available only to eligible investors, are offered only pursuant to their official offering documents, and are managed by LFM, which is a wholly owned subsidiary of LISC. LFM is an investment adviser registered with the United States Securities and Exchange Commission. LFM currently manages $865 million assets under management through 11 national and place-based mission-driven investments funds across the country.

To learn more about LFM, please visit https://www.liscstrategicinvestments.org/

AMD collaborates with enterprises, researchers, and others to help them put our technology to work solving some of the world’s most pressing environmental challenges. By understanding our customers’ computing needs, together we can apply AMD technology to tackle tough challenges like advancing climate research, electrification of vehicles, and power grid resilience.

Climate Research

AMD aims to help researchers better understand the interrelated forces contributing to climate change and develop solutions to help mitigate the impact. By analyzing massive and complex data sets, scientists can gain insights into the causes of climate change and even predict the impact of extreme weather and help save lives.

Climavision uses 3rd Gen AMD EPYC™ processors to bring more data and smarter analysis to weather forecasting. The critical information helps industries like agriculture, transportation, insurance and risk, and renewable energy better prepare for extreme weather events by providing more accurate and timely data.

The AMD-powered LUMI Supercomputer arms climate researchers with cutting-edge computing power in the fight against climate change. Launched in 2022, the Destination Earth initiative aims to build a digital twin of the earth by 2030, down to the square kilometer. The first phase examines impacts from climate change through select use cases such as wildfires, energy grid mix, and urban heat island effect. The streamed climate simulation data can be used in decision-making when planning measures to adapt and mitigate climate change. In 2023, LUMI won the Readers’ Choice Top Energy Efficient HPC Achievement Award from HPC Wire.

Power Grid and Distribution

New approaches are needed to transmit power, incorporate renewable energy, and adapt to increasing extreme weather events disrupting electrical grids. AMD FPGAs and adaptive SoCs are helping to keep the lights on and improve the resilience and security of power grids in the face of increasing risks.

Schweitzer Engineering Laboratories (SEL) helps power companies keep the lights on, even in rural areas, with dependable power line protectors for both overhead and underground electrical lines. AMD FPGAs and adaptive SoCs help utilities quickly identify the source of line failures and proactively reduce downtime, thereby delivering reliable performance that helps SEL meet the requirements of its demanding customer base.

Hitachi Energy is developing High-Voltage Direct Current (HVDC) technology to enable high efficiency power transmission over long distances. HVDC helps increase energy security by integrating renewable energy sources and connecting remote power grids. AMD FPGAs and adaptive SoCs are used in Hitachi protection and control gear, transformers, switches, and converters, providing the processing power, flexibility, and long lifecycles that enable Hitachi Energy to deliver these systems worldwide.

Electric Vehicles

As the energy transition unfolds, there is a growing role for electric vehicles (EVs) to help reduce carbon emissions. To accommodate this demand, the EV charging infrastructure needs to expand, with more recharging points alongside roadways and in parking areas. These charging stations also need to enable faster, more efficient charging to power the next generation of EVs. This is where AMD technology is making a difference.

Advantech, a leading provider of single-board computers (SBCs) targeted for use in EV charging systems and stations, wanted to develop modular EV chargers for an infrastructure that can be deployed, serviced, and upgraded efficiently and economically. Built on AMD Ryzen™ Embedded R2000 Series processors, Advantech’s Single-Board Computers deliver high-performance compute and graphics versatility, helping system integrators to improve the design and efficiency of Level 3 rapid EV charging systems.

Eco-labels

AMD works closely with Original Equipment Manufacturers (OEMs) during product design and after product launch to increase the proportion of products meeting various eco-labels. As companies around the world look to incorporate sustainability requirements into their IT buying decisions, they may use standards such as ENERGY STAR, EPEAT, TCO Certified, and other standards and considerations in their public procurement tenders. Most eco-labels and certifications are evaluated at the system level (i.e., a computer or server), but the processor can contribute to how well a system performs on a given standard.

For example, AMD works with our customers to help improve ENERGY STAR ratings by optimizing processor energy efficiency, as measured at the system level, in conjunction with other components, and peripheral devices. AMD also helps OEMs to meet the system-level eco-label certification EPEAT, which includes environmental criteria such as supply chain greenhouse gas reductions, materials selection, and environmental management system certification.

Learn more at https://www.amd.com/en/corporate/corporate-responsibility/environmental-sustainability.html.

Originally published in AMD 2023-24 Corporate Responsibility Report.

BELLEVUE, Wash., October 4, 2024 /3BL/ – T-Mobile (NASDAQ: TMUS) announced donations totaling $50,000 to five nonprofit organizations in Idaho, southern Oregon and Utah that are making a difference in their communities. Canines with a Cause Utah, Faces of Hope Idaho, Idaho Humane Society, Kids Unlimited of Oregon and Ronald McDonald House Charities of Idaho will each receive $10,000 to support their vital programs and initiatives.

T-Mobile employees in the Mountain West area chose the organizations as recipients of the Difference Maker Award — a quarterly recognition program the Un-carrier started in 2023 to recognize top-ranked employees in business performance areas across the company. As part of the initiative, employees presented checks to the charities and participated in a day of service.

Employees have provided funding to organizations across Colorado, California, Hawaii, Washington, Virginia, Puerto Rico and now, the latest recipients in the Mountain West. To date, the Difference Maker Award has given $300,000 to a total of 30 charities across the U.S.

“The Difference Maker Award, which since launching last year has strengthened communities all around America, is all about making investments in our customers and creating good in their world,” said Jon Freier, President, T-Mobile Consumer Group. “It’s a privilege to recognize and cheer on our Mountain West teammates for their stellar contributions while empowering them to make T-Mobile, their communities and these five organizations better.”

Here’s a closer look at how each organization is making a difference.

Canines with a Cause: Pairs rescued dogs with military veterans living with Post Traumatic Stress Disorder (PTSD), Traumatic Brain Injury (TBI) and/or Military Sexual Trauma (MST) to become psychiatric service or assistance dogs, providing training classes completely free of charge across Salt Lake City, Utah, northern Nevada and northern Idaho.Faces of Hope: Provides a safety net of crisis services to men, women, and children experiencing domestic violence, sexual assault, child abuse, elder abuse, stalking or human trafficking across Boise and Meridian, Idaho.Idaho Humane Society: As one of the largest and oldest animal welfare organization and veterinary charity in the state, IHS is on a mission to advocate for the welfare and responsible care of animals, protect them from neglect and cruelty, and promote humane education, awareness, and compassion.Kids Unlimited of Oregon: This grassroots nonprofit supports children and families with integrated services that bridge school, afterschool and summer on a campus that provides education, afterschool programs, social-emotional supports, parent and family resources, early learning programs and community recreation, empowering children to learn, eat freshly prepared meals, play and dance, explore, dream and, ultimately, imagine their Unlimited futures across Southern Oregon.Ronald McDonald House Charities of Idaho: On a mission to keep families close to their child during a time of medical need. They have enough worries attending to complicated medical needs of their child, maintaining their jobs, caring for other children or family members, and keeping up with medical expenses — RMHC of Idaho cares for families offering them a safe and secure place for healing filled with hope and comfort, so they can focus on their ill or injured child. Last year, RMHC of Idaho served over 1,800 families and utilized over 2,300 volunteers to help around the House and Family Room.

Learn more about previous Difference Maker Award recipients and their selected nonprofits here and here.

Follow @TMobileNews on X, formerly known as Twitter, to stay up to date with the latest company news.

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About T-Mobile

T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information please visit: https://www.t-mobile.com

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

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

In this episode of ESG Talk, Tom Rayner, founder of Sillion, a transition consultancy focused on corporate ESG, and Ian Plummer, the commercial director of Auto Trader Group, the largest automotive marketplace in the United Kingdom join Andie Wood. Tune in as they discuss the sustainability skills gap and share practical advice and lessons learned from successfully implementing a carbon literacy program for over 1,000 professionals.

Listen Now

Looking for more? Subscribe to the ESG Talk podcast on Apple, Spotify, and YouTube.

ESG Talk is brought to you by Workiva, the world’s only unified platform for financial reporting, ESG, audit, and risk. Learn more at workiva.com.

Monster Beverage Corporation 2023 Sustainability Report

At Monster Beverage we aim to use fewer resources in the production and sale of our beverages. We recognize the impact our business can have on the planet, as well as the impact the planet can have on our business. Our 2023 Sustainability Report details our sustainability journey and ongoing efforts. 

2023 was a year of remarkable achievements. We launched innovative new brands, achieved 9.6% growth in energy drink case sales (in 192-ounce case equivalents), saw a 36.9% increase in net income, and welcomed the Bang® brand into the Monster family. These successes would not have been possible without the dedication of our entire Monster Energy team across the globe. 

In early 2024, we committed to the Science Based Targets initiative (SBTi) to set an emissions reduction target in line with a 1.5-degree pathway within the next two years. We also joined the Beverage Industry Environmental Roundtable (BIER) to understand sustainability initiatives within the beverage sector. We conducted an inventory and analysis of our Scope 1, 2, and 3 GHG emissions across our business for 2022 and 2023, which required a deeper dive into our supply chain and operations. This process improved our oversight of the business and helped us to identify key sources of emissions. We are strategically working to reduce these emissions sources through initiatives that increase recycled content in our packaging, optimize our supply chain, increase use of renewable energy, and promote responsible water use and sourcing, all while improving efficiency and engaging team members across the business. 

Our growth and sustainability progress would not be possible without our incredible employees, partners, stakeholders, customers and consumers. Thank you for being a part of our journey.

2023 PROGRESS AND HIGHLIGHTS

Environmental

Submitted our official commitment letter to join the Science Based Targets Initiative (SBTi), indicating our ambition to set a near-term Scope 1 and Scope 2 greenhouse gas (GHG) reduction target in line with a 1.5- degree pathway within the next two years. We are currently developing our formal science-based target (SBT) for submission and approval.
 Installed operational solar panels at four company-owned buildings.
 Garnered recognition for our anaerobic digestor located at our AFF San Fernando facility, which was awarded as an outstanding renewable energy project by the nonprofit organization Energy Vision.
 As part of our initiative to collect and enhance our environmental data for both direct and indirect operations, we have successfully rolled out the three phases of our data collection process via our EcoBeast ™ platform.Phase 01: Engaged with over 100 Bottlers and co-packers to collect their energy and water use data across their manufacturing and distribution operations to improve our Scope 3 data collection and track emission reduction trends across our supply chain.Phase 02: Engaged with the top 25% of suppliers (by dollar spend) to collect energy and water use data to improve our Scope 3 data collection and track emission reduction trends across our supply chain.Phase 03: Onboarded our direct operations into EcoBeast to support data collection for our Scope 2 inventory.

Water Stewardship

Engaged with Waterplan, a digital water risk management platform.
 Conducted a water risk assessment of our direct operations. 
 Published a Water Stewardship Policy.

Social

Globally completed approximately 20,000 hours of training1 via Monster University, our e-learning platform which includes technical and career training and supports business acumen and professional development. 
 Globally recruited 803 participants in our mentorship program. 
 Invested in additional roles to support Diversity, Equity and Inclusion (DEI).

Philanthropy 

Through our employee Volunteer Time Off program, supported 2,715 volunteer hours 2 .

Governance

Joined Beverage Industry Environmental Roundtable (BIER), a technical coalition of global beverage companies.

Learn more about Monster Beverage Corporation’s sustainability progress in our Sustainability Report.

1Excludes hours associated with mentorship programs.

2U.S. and Canada only.