Merck (NYSE:MRK), known as MSD outside the United States and Canada, has a long history of responsible pricing. In 2017, Merck issued its second annual Pricing Action Transparency Report, which showed that net prices across Merck’s U.S. product portfolio declined by 1.9 percent. We believe that further changes are still necessary to help reduce patient out-of-pocket costs. To demonstrate our commitment to achieving this goal, we are making the following announcement:
We commit to not increase the average net price across our portfolio of products by more than inflation annually.
We are also lowering our price on ZEPATIER by 60 percent and several other medicines by 10 percent to reduce out-of-pocket costs for patients across the country. The Merck products selected were based on a range of factors including the gap between list price and actual discounted (net) prices paid in the market, the contractual obligations under existing arrangements with payers, and the opportunity to broaden access to treatment.
Going forward, we will continue to evaluate our portfolio of products to look for opportunities to further reduce costs for patients and the health care system.
For more than a century, Merck, a leading global biopharmaceutical company known as MSD outside of the United States and Canada, has been inventing for life, bringing forward medicines and vaccines for many of the world's most challenging diseases. Through our prescription medicines, vaccines, biologic therapies and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to health care through far-reaching policies, programs and partnerships. Today, Merck continues to be at the forefront of research to advance the prevention and treatment of diseases that threaten people and communities around the world - including cancer, cardio-metabolic diseases, emerging animal diseases, Alzheimer's disease and infectious diseases including HIV and Ebola. For more information, visit www.merck.com and connect with us on Twitter, Facebook, Instagram, YouTube and LinkedIn.
Forward-Looking Statement of Merck & Co., Inc., Kenilworth, NJ, USA
This news release of Merck & Co., Inc., Kenilworth, N.J., USA (the “company”) includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. There can be no guarantees with respect to pipeline products that the products will receive the necessary regulatory approvals or that they will prove to be commercially successful. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the company’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the company’s 2017 Annual Report on Form 10-K and the company’s other filings with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov).
MMC Norilsk Nickel PJSC, the world’s largest refined nickel and palladium producer, has released its annual Corporate Social Responsibility (CSR) report for 2017.
Nornickel President, Vladimir Potanin, has commented on the Company’s CSR performance: “The year 2017 was not just marked by strong progress in our sustainable development as the Company delivered further improvements in its health and safety records and completed the first phase of environmental program, but also was notable as we adopted new and ambitious long-term targets. Having already delivered a major reduction of Sulphur dioxide emissions in the city of Norilsk, the last year we approved the Sulphur Project, which should result in further and very substantial cut to emissions in our largest operating unit, Polar Division. We see ourselves not just as a global mining industry leader that already supplies critical materials for the global car industry, which help to clean gas exhausts, but also as the company best positioned to supply the prospective and fast evolving electric cars industry. Nornickel is aiming to get greener itself, while already helping a great deal the world to get greener.”
The Group reported further improvement in its labour health and safety. In 2017, total work injuries were down 45% year-on-year (y-o-y), while Lost Time Injury Frequency Rate (LTIFR) was 0.43 injuries per 1 million man-hours. The number of fatalities at the Сompany’s industrial sites almost halved to 7 from 13 in 2016.
The company was on track with the implementation of its comprehensive environmental programme. The first phase of the programme has successfully been completed, with the Nickel Plant in the city of Norilsk fully idled alongside downstream reconfiguration, involving modernization and expansion of capacity of existing processing facilities, being complete. Since the complete halt of Nickel Plant in 2016, sulfur dioxide emissions within the city of Norilsk residential area has reduced by 30-35%.
The cornerstone of the second stage of our environmental programme is represented by the Sulphur Project in the Polar Division, which aims at the reduction of SO2 emissions there by 75% by 2023. In 2017, after thorough analysis the Group selected the optimal technology for the Sulphur Project, which will entail construction of Sulphur dioxide capturing facilities to produce sulphuric acid, which will be then neutralized by natural limestone to produce gypsum. The project will involve installation of new equipment at Nadezhda metallurgical plant and modernization of Copper smelter. Investments in the Sulphur Project are estimated at up to US $2.5 bn through 2022.
In Kola operations, the Group is planning to optimize its smelting facilities, which should result in a reduction of Sulphur dioxide emissions by 50% already in 2019.
From 2013 to 2017, total air pollutant emissions were decreased by 12%, waste dispersion decreased by 21% and water consumption decreased by 16%. In 2017, total emissions of air pollutants reduced 4.6% y-o-y, including a 5% reduction in SO2 emissions and a 2.1% reduction in solid emissions.
In 2017, the water consumption reduced by 8.3% y-o-y. However, water discharge grew by 2.8% due to fluctuations in the inflow of mine water throughout the year.
In 2017, the Company launched hot commissioning of the Bystrinsky Mining and Processing Plant in the Chita region, which is considered to be one of the most environmentally-friendly mining facilities in Russia. The new technologies employed by the plant will help to preserve the natural environment, while enabling the steady rampup of production. Bystrinsky Project has also created new high-skilled jobs and contributed to the further improvement of the region’s investment climate and its long-term sustainable development.
New processing technologies and equipment rolled out at the Kola MMC, the Group’s subsidiary in the Murmansk region of Russia, have resulted in a significant reduction of air pollutant emissions in the Kola Peninsula. In 2017, the Sulphur dioxide emissions there were reduced by 8.3% y-o-y. Moreover, in 2017 Kola MMC’s passed its first assessment audit, which certified its compliance with the Together for Sustainability Organisation (TfS) principles. The Group’s Polar Division and Nornickel’s Harjavalta plant in Finland also passed such audit, that recognises Nornickel as a responsible corporate citizen with regards to both its labour force and the environment.
In 2017, The Company increased its support for local communities. Overall expenditures on social, charitable and social infrastructure development programmes totalled US $445 million*. Nornickel has also embarked on several major projects in the regions of its operations, including urban redevelopment, education, cultural and social entrepreneurship programmes.
In 2017, some of the internal ESG strategies and principles were formulated and approved by the Company’s Board of Directors into respective policies, such as Health and Safety Strategy, Environmental Policy, Biodiversity Policy, Equal Opportunities Programme, Working Conditions Policy, Anti-Corruption Policy, Indigenous Rights Policy, etc. The historical Audit Committee of the Board of Directors’ oversight over ESG matters have been also recognized to reflect in this Committee’s name as Audit and Sustainable Development Committee. The Company has also launched a new ESG section on its corporate website, providing details on its sustainable development strategy focusing on environmental management, social policy and corporate governance.
The Company’s efforts in improving its ESG performance has been gaining due recognition from leading independent rating agencies. For instance, MSCI ESG Research raised the Company’s ESG rating from “CCC” to “B”, praising its approach to managing and mitigating toxic emissions and waste by means of modernising equipment and decommissioning outdated facilities. Sustainalytics rating agency increased the Company’s score to 58 points (out of 100) in 2017 from 46 in a prior year.
Nornickel’s 2017 CSR report has been published in its long form as per GRI G4 CSR reporting recommendations, endorsed by the Non-Financial Reporting Council of the Russian Union of Industrialists and Entrepreneurs (RSPP), audited by an independent auditor, NP Consult, and reviewed by the Global Reporting Initiative SDG Mapping Service.
*US$ values provided above are based on the annual average exchange rate of 58.3529 Russian roubles per 1 US$.
ABOUT THE COMPANY
PJSC «MMC NORILSK NICKEL» is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium.
The production units of «NORILSK NICKEL» Group are located at the Norilsk Industrial District, on the Kola Peninsula and Chita region in Russia as well as in Finland and South Africa.
PJSC «MMC «NORILSK NICKEL» shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL» ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.
Phone: +7 (495) 785 58 00
Phone: +7 (495) 786 83 20
Voya Financial, Inc. (NYSE: VOYA), announced today that the company is one of 145 companies honored as a “Best Place to Work for Disability Inclusion” and included in the 2018 Disability Equality Index (DEI) in recognition of Voya’s commitment to prioritizing the inclusion of people with disabilities.
The DEI is a joint initiative between American Association of People with Disabilities (AAPD) and the US Business Leadership Network (USBLN), designed by disability advocates and business leaders as the nation’s most trusted comprehensive benchmarking tool for disability inclusion. The Index measures key performance indicators across organizational culture, leadership, accessibility, employment, community engagement, support services and supplier diversity.
“We applaud those companies that choose to take the DEI year after year and truly commit to advancing disability inclusion,” said Jill Houghton, President and CEO of USBLN. “Although we are far from true inclusion of people with disabilities across the enterprise, the DEI signals corporate America is recognizing inclusion as a competitive edge and beneficial for all.”
“At Voya, we are committed to addressing the needs of our customers and employees living with disabilities — as well as their families and caregivers,” said Chairman and CEO Rodney O. Martin, Jr. “Providing products and services that enable individuals in the disabilities community to plan for the future that they envision is a business priority and an extension of our vision to be America’s Retirement Company. Our inclusion in the 2018 DEI serves as a positive proof point that our efforts are making a difference in serving the needs of the disabilities and special needs community.”
Voya’s commitment to serving the disabilities community is exemplified through its Voya Caresprogram which provides a platform for tailored advice and resources so that Americans living with special needs and disabilities, and their caregivers, plan for the retirement they deserve. Voya also has designed programming to support its employees with disabilities and those who are caregivers and most recently established a Disabilities and Special Needs employee resource group.
About Voya Financial ®
Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 14.7 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $8.6 billion in revenue in 2017. The company had $541 billion in total assets under management and administration as of March 31, 2018. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as one of the 2018 World’s Most Ethical Companies® by the Ethisphere Institute, one of the 2018 World’s Most Admired Companies by Fortune magazine and one of the Top Green Companies in the U.S. by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.
Smithfield Foods, Inc. and Price Chopper joined forces to donate more than 36,000 pounds of protein to Harvesters—The Community Food Network. Smithfield’s contribution was part of the company’s 2018 Helping Hungry Homes® donation tour. Now in the program’s 10th year, Helping Hungry Homes® is Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure. The donation, equivalent to more than 147,000 servings, will help families fight hunger across northwestern Missouri and northeastern Kansas.
“Hunger has no boundaries. We are thankful for our allies against hunger, such as Smithfield and Price Chopper, who help us provide nutritious and beneficial meals to the one in seven individuals in our local area struggling with hunger,” said Valerie Nicholson-Watson, president and CEO of Harvesters—The Community Food Network. “With donations like the one we have received today from Smithfield, we are able to educate and raise awareness of hunger across our service area while feeding those in need.”
Smithfield and Price Chopper representatives presented the donation to Harvesters at an event at a local Price Chopper this morning. Members of the organizations discussed food insecurity in the local community and the significance of this donation, which will provide protein throughout the food bank’s service area, including more than 20 counties across Missouri and Kansas.
“The Price Chopper family takes pride in being a great neighbor. We’re thankful to partner with Smithfield Foods and Harvesters to provide quality protein to those in need,” said Casie Broker, vice president of marketing at Price Chopper. “Together, we can alleviate hunger in our communities.”
This is the 39th large scale protein donation made by Smithfield to food banks across the country during its 2018 Helping Hungry Homes® tour. Since the program’s inception in 2008, Smithfield has provided more than 100 million servings of protein to food banks, disaster relief efforts, and community outreach programs nationwide.
“Smithfield recognizes the importance of a balanced meal,” said Dennis Pittman, senior director of hunger relief for Smithfield Foods. “By joining forces with Harvesters and Price Chopper, we can create meaningful opportunities to help our neighbors in need throughout these Missouri and Kansas communities.”
For more information about Smithfield Foods’ Helping Hungry Homes® initiative and a list of upcoming donation events, visit helpinghungryhomes.com.
About Smithfield Foods
Smithfield Foods is a $15 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Nathan's Famous®, Farmland®, Armour®, Farmer John®, Kretschmar®, John Morrell®, Cook's®, Gwaltney®, Carando®, Margherita®, Curly's®, Healthy Ones®, Morliny®, Krakus® and Berlinki®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental and food safety and quality programs. For more information, visit www.smithfieldfoods.com.
About Harvesters—The Community Food Network
Harvesters is a regional food bank and was Feeding America's 2011 Food Bank of the Year. Serving a 26-county area of northwestern Missouri and northeastern Kansas, Harvesters provides food and related household products to more than 620 not-for-profit agencies including emergency food pantries, community kitchens, shelters and others. Agencies in Harvesters' network provide food assistance to as many as 141,500 different people each month. Harvesters, which was founded in 1979, is a certified member of Feeding America, a nationwide network of more than 200 food banks, serving all 50 states. For more information, visit www.harvesters.org.
About Price Chopper
Price Chopper's 53 Kansas City stores are locally owned by the Ball, Cosentino, McKeever and Queen families, all of whom live in Kansas City and oversee store operations on a daily basis. For 39 years, the owners and employees of Price Chopper have been committed to providing the highest quality products and top-of-the-line customer service to the thousands of customers they serve every day. For more information, please visit www.mypricechopper.com.
Harvesters—The Community Food Network
Smithfield Foods, Inc. and Hy-Vee, Inc. joined forces to donate more than 38,000 pounds of protein to the Food Bank of Iowa. Smithfield’s contribution was part of the company’s 2018 Helping Hungry Homes® donation tour. Now in the program’s 10th year, Helping Hungry Homes® is Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure. The donation, equivalent to more than 152,000 servings, will help families fight hunger across Iowa.
“At the Food Bank of Iowa, we gather and distribute nutritious resources to those who are struggling with food insecurity while building active partnerships to raise awareness of hunger within our communities,” says Michelle Book, president and CEO of the Food Bank of Iowa. “With the help of Smithfield and Hy-Vee, this donation will aid more than 175,000 Iowans fighting hunger.”
Smithfield and Hy-Vee representatives presented the donation to the Food Bank of Iowa at an event at the food bank this morning. Members of the organizations discussed food insecurity in the local community and the significance of this donation, which will provide protein throughout the food bank’s service area, including more than 50 counties in Iowa.
“This is another great way for Hy-Vee to help address concerns of food insecurity, and to continue our focus on the well-being of the communities we serve,” said Mark Luke, store director at the Mills Civic Hy-Vee who spoke at the event. “We thank Smithfield and the Helping Hungry Homes initiative for their continued generosity.”
This is the 38th large scale protein donation made by Smithfield to food banks across the country during its 2018 Helping Hungry Homes® tour. Since the program’s inception in 2008, Smithfield has provided more than 100 million servings of protein to food banks, disaster relief efforts, and community outreach programs nationwide.
“Smithfield Foods is dedicated to assisting communities across the country that are battling with food insecurity,” said Dennis Pittman, senior director of hunger relief for Smithfield Foods. “With this donation to the Food Bank of Iowa, we can further their efforts to provide nutritious and delicious food to the hungry people of Iowa.”
For more information about Smithfield Foods’ Helping Hungry Homes® initiative and a list of upcoming donation events, visit helpinghungryhomes.com.
About Smithfield Foods
Smithfield Foods is a $15 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Nathan's Famous®, Farmland®, Armour®, Farmer John®, Kretschmar®, John Morrell®, Cook's®, Gwaltney®, Carando®, Margherita®, Curly's®, Healthy Ones®, Morliny®, Krakus® and Berlinki®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental and food safety and quality programs. For more information, visit www.smithfieldfoods.com.
About Food Bank of Iowa
Food Bank of Iowa is a private, not-for-profit organization committed to its mission of providing food to Iowa children, families and seniors to lead full and active lives, strengthening the communities where they live. Food Bank of Iowa distributes donated food and grocery products through Iowa’s largest network of emergency food providers, consisting of about 500 partner agencies in 55 counties. Last year, Food Bank of Iowa distributed more than 13 million lbs. of food through a network of 500 partners, including food pantries, homeless shelters, schools, and more. To learn more, visit www.foodbankiowa.org or find us on Facebook at www.facebook.com/foodbankiowa.
About Hy-Vee, Inc.
Hy-Vee, Inc. is an employee-owned corporation operating more than 245 retail stores across eight Midwestern states with sales of $10 billion annually. The supermarket chain is synonymous with quality, variety, convenience, healthy lifestyles, culinary expertise and superior customer service. Hy-Vee ranks in the Top 10 Most Trusted Brands and has been named one of America’s Top 5 favorite grocery stores. The company’s more than 80,000 employees provide “A Helpful Smile in Every Aisle” to customers every day. For additional information, visit www.hy-vee.com.
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Food Bank of Iowa
Sodexo, a food services and facilities management company committed to improving Quality of Life, announced today that it has been recognized by Black EOE Journalin the 2018 Best of the Best issue as a Top Employer, Top Supplier Diversity Program and Top LGBT-Friendly Company.
“We are thrilled for this recognition which reaffirms our commitment to the many areas of diversity and inclusion that we champion, “said Rohini Anand, PhD, Global Chief Diversity Officer & SVP, Corporate Responsibility, Sodexo. “Integrating diversity and inclusion into our systems, processes and practices, including how we support diverse vendors and suppliers, is beneficial to our business and broadens our impact in the communities we serve.”
As part of Sodexo's Better Tomorrow Plan, the company is committed to partnering with vendors led by minorities, women, service-disabled veterans, LGBTQ and people with disabilities across the U.S. Further, the company has made a global commitment to invest 25 percent of its global spend with small and local businesses, with a focus on women and other underrepresented groups, by 2025. In addition to being named as a Top Company and Top LGBT-Friendly Company by Black EOE Journal, Sodexo was named to Bloomberg’s 2018 Gender-Equality Index (GEI) – its first sector-neutral list of 104 global companies, and recognized on three of FORTUNE Magazine lists in 2017, including World’s Most Admired Companies, Change the World and the FORTUNE 500.
Black EOE Journal’s annual review is an evaluation of the nation’s employers, initiatives and government agencies. It provides non-biased results that are valuable resources for job-seekers, business owners, students, consumers, senior management, business associations, employment agencies and consumer groups.
About Black EOE Journal (BEOEJ)
The Black EOE Journal (BEOEJ) is the African American career and business connection. As one of the strongest growing African American publications in the nation, its mission is to inform, educate, employ and provide equal opportunity to corporate America in order to create a more diverse workplace.
About Sodexo North America
Sodexo North America is part of a global, Fortune 500 company with a presence in 80 countries. Sodexo is a leading provider of integrated food, facilities management and other services that enhance organizational performance, contribute to local communities and improve quality of life for millions of customers in corporate, education, healthcare, senior living, sports and leisure, government and other environments daily. The company employs 150,000 people at 13,000 sites in all 50 U.S. states and Canada and indirectly supports tens of thousands of additional jobs through its annual purchases of $9.2 billion in goods and services from small to large American businesses. Sodexo is committed to supporting diversity and inclusion and safety, while upholding the highest standards of corporate responsibility and ethical business conduct. In support of local communities across the U.S., the Sodexo Stop Hunger Foundation has contributed close to $32 million over the past 20 years to help feed children in America impacted by hunger. To learn more about Sodexo, visit SodexoUSA.com, SodexoInsights.com and connect with us on Facebook, Instagram, LinkedIn, Twitter and YouTube.
Creative approaches to advance the 17 Sustainable Development Goals (SDGs) are being jointly developed at the national level by multi-stakeholder partners.
That was the key take away from SDG Country Plans: A Roadmap to Private Investment, an event organized on the sidelines of the High-level Political Forum by the United Nations Global Compact, the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI), the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) and the Permanent Missions of Ecuador, Egypt and Spain.
The event marked the next step in an important and ongoing conversation about breaking down silos and connecting Governments, business, investors and the UN on the increasingly critical topic of financing for the SDGs.
Representatives from Government, business, investor groups, the UN and Global Compact Local Networks relayed lessons learned and best practices, opening up new dialogues and approaches to advance the SDGs at the national level. In particular, Governments and investors agreed about the need to align private investments with SDG country plans.
In her opening remarks, Lise Kingo, CEO & Executive Director of the UN Global Compact, said, “The 17 SDGS are about people, planet and prosperity. It will be a true global transformation that humankind have never seen before, and we only have 12 years to get the whole thing right.” She continued: “It all hinges on connecting the SDG country plans with the private sector and investments to redirect finance toward the 2030 Agenda. In this work, the private sector is crucial.”
Luis Fidel Yáñez, Officer-in-Charge at ECLAC, underscored the importance of all actors aligning strategies on SDG targets and indicators to maximize impact. “A multi-stakeholder approach is the key to success. All key players must be engaged to implement the 2030 Agenda. We depend on this kind of strong partnership,” said Yáñez.
Throughout the event, the role and work of Global Compact Local Networks as the initiator of dialogues and a convenor of diverse stakeholders was frequently returned to. Mauricio López, Executive Director of Global Compact Network Colombia and Vice President, of ANDESCO, described how the Local Network works to enhance relationships between all stakeholders.
“We worked every day on spreading knowledge about the SDGs. I went to 96 conferences evangelizing the SDGs; and we became the natural body for the Government to implement the SDGs. Working together builds trust. We will have to build a language and indicators for the private sector to deal with the Global Goals,” he said.
During the discussion, it became clear that Governments play a crucial role in making the SDGs relevant to all stakeholders, including business, investor groups, civil society and local communities.
One example from the state of Paraná in Brazil stood out. The local government in Paraná have decided that all government money spent on procurement should go to companies that have an SDG strategy. Silvio Barros, Secretary of State of Paraná, explained the Government’s decision like this: “All the states’ investments are tied to specific Goals. We are also directing all the purchasing power of the state to companies and investments, that are tied to the Goals. Actually, we do not see any reasons why we should spend public money in companies that are not supportive of the [Ten Principles of the] UN Global Compact and the SDGs. We can direct our purchasing power to the achievement of the 2030 Agenda,” said Barros.
At the event, UN Global Compact launched a new report, Global Compact Local Networks: Accelerating National SDG Implementation, showcasing how Local Networks can help drive action and collaboration to close the gaps between where we currently are and where we need to be by 2030, the deadline for achieving the SDGs.
The financial sector urges Governments to finalize standards for measuring the impact of investments
The second panel at SDG Country Plans focused on mobilizing private capital for sustainable business, and engaged a high-level panel of Government officials and representatives from the financial sector.
H.E Saher Naser, Minister of International Cooperation and Investment in Egypt, described a range of initiatives and incentives taken by the Egyptian Government to attract more private capital.
“We have various kinds of awards and different incentive packages to ensure that the private sector can play role in achieving the SDGs. We need private investments alongside the Government, and it’s important to get the international financial institution community on board, so it’s not only the local finance sector and Government who invest with SDGs in mind,” said Naser.
H.E. Phillip Fox Gough, Minister Counsellor, Government of Brazil, opened the discussion about how Governments can improve their communication on the Voluntary National Reviews (VNRs) to the investor community. “There [are] a lot of interesting elements in the VNRs, but they are not communicated well. We are saying a lot of good things about what Governments do. It would be useful for investors if we focused a lot on identifying the gaps and challenges,” he said.
The interest from the financial sector in measuring the impact of investments was clear. Gavin Power, Executive Vice President and Chief of Sustainable Development and International Affairs at PIMCO, talked about the interest of investors in investing in the SDGs at the country level and highlighted the need for government to better define and package investment opportunities for the markets.
“We are seeing a profound transformation in finance sector where mainstream investors are looking to invest at scale in this area... In order to maximize the opportunities, we should work with Governments on investment targets, impact and change at scale. The UN has such an essential role to play in getting the actors together as a deal maker,” Power said.“It’s time for ‘SDG Bonds’ to move into the social areas — not just ‘green’ bonds — such as food and health, housing… If Governments build it, we [investors] will come.”
Maria-Aimee Boury, Managing Director, Impact Based Finance at Societe Generale Corporate and Investment Banking, talked about the need for a stable policy environment for investors.
“The key for us when we make a decision is the predictability. We would like to see the same level of commitment and predictability from the Governments and the municipalities into the project they have chosen as their priority. Governments need to commit to facilitate, which also means fast tracking, giving information and pushing for the projects, and continuing also if the Government changes,” said Boury, who also suggested optimistically that the private investments needed to advance the SDGs are actually within reach.
Before the event at the Spanish language and cultural centre Instituto Cervantes, the UN Global Compact hosted a well-attended lunch for representatives from the Group of G77 and China in order to update them on how Global Compact Local Networks have been mobilizing the private sector and UN system at the local level to help advance national priorities.
Learn about our Action Platform on Financial Innovation for the SDGs
Explore the UN Alliance for SDG Finance
About the United Nations Global Compact
The United Nations Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals. The UN Global Compact is a leadership platform for the development, implementation and disclosure of responsible corporate practices. Launched in 2000, it is the largest corporate sustainability initiative in the world, with more than 9,500 companies and 3,000 non-business signatories based in over 160 countries, and nearly 70 Local Networks.
For more information, follow @globalcompact and visit www.unglobalcompact.org.
Northern Trust (Nasdaq: NTRS) announced the release of its eighth Corporate Social Responsibility (CSR) report. The latest report outlines key priorities for governance, citizenship and operations, employees, shared values and sustainable products / services. The report highlights achievements during the fiscal year ending December 31, 2017.
“Northern Trust values CSR as an essential element of our mission and culture,” said Michael O’Grady, president and chief executive officer at Northern Trust. “Our stakeholders expect us to be responsible stewards of the company’s resources, balancing appropriate levels of prudence and risk to create value. We take that responsibility seriously, as demonstrated through our commitment to our CSR strategy.”
“Our impact is driven by our strategic focus on diversity and inclusion, community engagement and environmental sustainability,” said Connie Lindsey, head of corporate social responsibility and global diversity & inclusion at Northern Trust. “As the report details, we achieved several notable milestones in 2017, including introducing electric cars to our India office, contributing over $19 million USD globally to philanthropic organizations and signing the UK’s Women in Finance Charter. Additionally, our environmental, social and governance (ESG) assets under management grew 37 percent to $86 billion.”
Other achievements worldwide include:
Inclusion in the Dow Jones Sustainability Index North America, 2017 – for the seventh consecutive year.
Strong progress on goal to reduce carbon emissions by 25 percent by 2020, reducing emissions by more than 14 percent in 2017 alone.
More than US$19 million given to local and international civic and charitable organizations and US$512.6 million to community development investments.
Launch of five new Environmental Social Governance (ESG) equity funds continuing a commitment to our ESG investing philosophy.
As part of a supplier diversity strategy, more than US$160 million spent on vendors with women or minority ownership.
This is the eighth year Northern Trust has used the Global Reporting Initiative (GRI) framework, where Northern Trust is a member of the GRI Standards Pioneer Program. This is Northern Trust’s second report using GRI Standards, the GRI's fifth generation of guidelines for sustainability reporting. This report has been prepared in accordance with the GRI Standards: Core option.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2018, Northern Trust had assets under custody/administration of US$10.8 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.
Boréalis (www.boreal-is.com), the leading provider of stakeholder engagement software, today announced the Summer Release of its Stakeholder Engagement Platform, including Stakeholder Engagement Planning beta. The new functionality ties engagement strategy to execution, helping companies consistently engage with stakeholders, globally. The Boréalis Summer Release also includes important enhancements to its Stakeholder Assessment capabilities to help organizations systematically understand who are their most influential stakeholders. Stakeholder Engagement Planning and Assessment from Boréalis reduce complexity, streamline engagement workflow and processes, and help organizations develop and manage complex relationships at scale.
According to Boréalis CEO Patrick Grégoire, “In the past 9 months, we’ve seen an incredible increase in stakeholder engagement interest and new customers in new industries – beyond the traditional mining, oil, and energy sectors – showing an increased focus on sustainability, public affairs and community engagement. Automating stakeholder engagement planning, tasks and assessments helps community relations professionals build trust and dialogue with their most influential stakeholders—at scale—faster and more effectively.”
Traditional industries also continue to innovate with stakeholder engagement. Maureen Song is Head of HSE OPS Readiness & Assurance with PETRONAS (http://www.petronas.com), Malaysia’s fully integrated oil and gas multinational which is ranked among the largest corporations on FORTUNE’s Global 500®. Ms. Song was instrumental in Boréalis’s development of the new Engagement Planning functionality, and will be a beta user. “We’re looking forward to tying together our engagement planning with execution,” she said. “Engagement frequency, based on the Boréalis stakeholder assessment, is key to our stakeholder strategy as we work to balance the economic, environmental and social needs of our stakeholders."
Organizations must consistently engage in growing numbers of complex, interconnected relationships which may have significant influence on their reputation, operations and sustainability. Several recent reports point to growing stakeholder expectations and power:
Changing corporate mandates: The Edelman Trust Barometer 2018 shows that building trust (69%) is now the No. 1 job for CEOs; faith in experts now exceeds faith in peers; and business is now expected to be an agent of change.
Lower levels of trust: The Deloitte Millennial Survey 2018 shows that only a minority of Millennials believe businesses behave ethically.
Millennials will change everything: “…the entire edifice of corporate governance constructed on the idea of only maximizing shareholder value will come crashing down and a new foundation for American corporations, built on trust and the values and beliefs of Millennials will arise in its place.” (How Millennials Could Upend Wall Street and Corporate America, Brookings)
Consumers buy with social awareness: “Nearly two-thirds of consumers across six international markets believe they “have a responsibility to purchase products that are good for the environment and society, ” according to Harvard Business Review, The Comprehensive Business Case for Sustainability.
Investors favor social responsibility: The US Forum for Sustainable and Responsible Investment (SRI) estimates that more than a fifth ($8.7trn) of the funds under professional management in America is screened on SRI criteria.
Everyone, everywhere, has a voice: Global internet access statistics from the Pew Research Center show that the Millennial generation is nearing 100% internet access in many of the world’s largest economies. In 2016, an estimated 62.9 percent of the population worldwide already owned a mobile phone, according to Statista.
Borealis Summer Release innovations enable personalized engagement at scale, with varied stakeholder groups:
1. Link strategy to execution: Stakeholder Engagement Planning
With the beta launch of Stakeholder Engagement Planning, Boréalis provides the critical missing link between strategy and execution. Currently in testing with clients and expected to be generally available in September 2018, Stakeholder Engagement Planning links tasks with strategies, helping stakeholder management professionals define objectives, key messages, target engagement frequency and more, plus follow progress over time.
2. Understand who matters most: Automated Stakeholder Assessment
Boréalis helps organizations automatically assess their most influential stakeholders with unlimited parameters that are configurable by organization and stakeholder group. Boréalis customers can now assess both organizations and individuals, share certain parameters and rankings among them and understand influence over time and for every new stakeholder.
3. Streamline engagement work with tasks and actions in a single, intuitive interface
Stakeholder engagement professionals can now see their strategy and associated tasks, plus take action, all in the same intuitive interface. Enhanced tasks reminders, automated duplicate management, multilingual Smart Communications and automated data appending further streamline workflows.
4. Report accomplishments over time with simple and effective metrics
With Boréalis, all stakeholder and engagement data is securely centralized, enabling easy reporting, including for compliance. With the new Stakeholder Engagement Planning, accomplishments are quickly measured and easily shared.
Boréalis helps organizations build enduring and trusted relationships among their most important stakeholder groups. Boréalis field-proven stakeholder engagement applications reduce risk and increase positive outcomes based on shared value creation. International and local corporations across a wide variety of industries (mining, oil & gas, utilities, transport, renewables, food production, retail, etc.) trust Boréalis to help them to manage and support their most important stakeholder engagement programs. Learn more on Boreal-is.com, subscribe to our newsletter, and follow us on our blog and LinkedIn.
A New York state appellate court has taken the highly unusual step of suspending the law license of renowned corporate accountability attorney Steven Donziger without a hearing, leading to “shock” among lawyers who have followed his long-running battle with Chevron and the powerful law firm Gibson Dunn & Crutcher over the clean-up of the oil major’s massive pollution in Ecuador's Amazon.
To short-circuit the legal process to deny Donziger a hearing, staff attorneys at the state bar grievance committee (which regulates attorney conduct) characterized him as an “immediate threat to the public order” even though he has not received even one client complaint in 25 years of legal practice and has won numerous honors and testimonials for his public service work. Donziger is most well-known for helping Ecuadorian Indigenous groups and farmer communities win a $9.5b judgment against Chevron after courts in the South American nation – where Chevron insisted the trial be held -- found the oil giant had deliberately dumped billions of gallons of toxic oil waste onto ancestral lands in Ecuador’s Amazon, decimating local communities and causing a staggering increase in cancer rates that has killed or threatens to kill thousands of people. (See this summary of the evidence against Chevron.)
The New York bar grievance committee, led by staff attorneys Jorge Dopico and Naomi Goldstein, decided to deny Donziger a hearing based solely on allegations of misconduct produced in a retaliatory civil “racketeering” (or RICO) case brought by his longtime adversary, Chevron, even though evidence from that case has since been largely disproven and shown to be the product of enormous cash payments by the oil company to an admittedly corrupt witness who later admitted he lied under oath, said Aaron Marr Page, a human rights lawyer who is working with Donziger as he fights off retaliatory attacks by Chevron in numerous forums. The controversial findings in the Chevron RICO case – which have been rejected by 17 separate appellate judges in Ecuador – were issued in 2014 by Lewis A. Kaplan, known as a pro-business U.S. federal judge who held a strong animus against Donziger and his Ecuadorian clients as outlined in this article by Greenpeace co-founder Rex Weyler.
Dopico and Goldstein made the decision to move against Donziger without a hearing after being urged to do so in a referral letter sent by several colleagues of Kaplan who sit with him on the New York federal trial bench. In a referral letter signed by Judge Kevin P. Castel, who has served on the bench with Kaplan for several years, Dopico was told to prevent Donziger from challenging Kaplan’s disputed findings even though he had available stunning new evidence that shows Chevron’s main witness – to whom it had paid $2 million – had lied repeatedly on the stand after being coached for 53 days by company lawyers at Gibson Dunn, as explained in detail in this 33-page rebuttal. The witness, Alberto Guerra, admitted under oath in a separate proceeding that he had lied as a way to get paid more money from Chevron’s lawyers at Gibson Dunn, who were managing him.
(See here for background on Chevron’s fabrication of evidence which is also summarized in this criminal referral letter to the U.S. Department of Justice. Here is legal brief submitted to the U.S. Supreme Court outlining Chevron’s malfeasance. Here is a summary of Gibson Dunn’s fabrication of evidence and other ethical violations.)
Page said it was repugnant to see Chevron’s self-interested demonization campaign against Donziger being embraced, without any apparent analysis, by the staff attorneys at the bar grievance committee. Contrary to the usual process, Dopico and Goldstein refused to meet with Donziger before they launched the process to disbar him without a hearing. They also refused to respond to a detailed letter from Donziger (available here) sent in February 2017 outlining the many flaws in Kaplan’s decision; and, in yet another unusual move, they appointed as an outside “pro bono” prosecutor a lawyer (George A. Davidson) from a major corporate firm with significant ties to the oil industry.
Page said he was particularly shocked by the characterization of Donziger as an “immediate threat to the public order” based on a “highly flawed” legal decision issued over four years ago. “Steven Donziger has dedicated his entire career to helping the powerless and marginalized members of society, from Indigenous peoples in Ecuador to indigent criminal defendants in the United States, confront some of the most entrenched interests in our society,” said Page. “I can’t understand how this can be recast as a ‘threat to the public order’ by New York courts.”
Some longtime New York lawyers say that the legal community is unnerved by the prospect that civil judgments – which are obtained by a low standard of proof and often (as in Donziger’s case) without a jury of impartial fact finders – can be used to prevent attorneys from even arguing in their own defense in bar disciplinary proceedings, as New York is doing to Donziger in this particular case.
Marty Garbus, an esteemed New York First Amendment lawyer who has reviewed the Ecuador pollution file and who filed an amicus brief on behalf of Donziger, said he was troubled by the decision to suspend Donziger without a hearing. “What the bar grievance committee and the judges of the First Department are doing to Steven Donziger looks bizarre and clearly does not comport with due process, especially given that Judge Kaplan's civil findings are disputed and contradicted by the findings of other courts,” said Garbus. “Judge Kaplan’s civil judgment was based on testimony from a paid fact witness who subsequently admitted to lying and it completely excluded the evidence of Chevron’s toxic dumping in Ecuador. Kaplan also refused to consider contextual evidence of Chevron’s judicial misconduct in Ecuador.”
“This decision must be seen in light of a line of cases where the power of the legal bar is put to use for political reasons, to punish those who too aggressively take on the corporate legal establishment,” Garbus concluded.
Professor Charles Nesson, the William F. Weld Professor of Law at Harvard, has closely investigated the case given that Donziger was a former student. Nesson, who made the Ecuador case a major theme of his trial class last year at Harvard, said he was “dismayed” and “shocked” by the way Donziger is being treated by New York courts.
“It appears to me that the judge in the civil case, Lewis A. Kaplan, has written orders clearly backing away from his own findings of bribery in the civil judgment that the bar committee is arguing that Donziger cannot contest,” said Nesson, referring to a decision Kaplan issued in February of this year ordering Donziger to pay Chevron’s court costs that seemed highly defensive about his reliance on the Guerra testimony. “If the judge in the civil case clearly no longer fully believes in his own evidence, how can it be fair to use that evidence to impose a sanction and to prevent an attorney from making arguments in his defense? Further, there is ample other extrinsic evidence that demonstrate that Kaplan’s findings were erroneous.”
Weyler, the co-founder of Greenpeace, called Donziger a “hero” for standing up to Chevron and the bar. “This is always the way the status quo power structure protects its own,” said Weyler. “The more frightened they are by the truth, the greater their lies. They did this to anti-slavery activists centuries ago, to the suffragettes, to Gandhi and Martin Luther King, to indigenous leaders throughout the world.
“This shameless pandering by the NY judiciary to power and money will be exposed in time,” said Weyler.
“For more than two decades Steven Donziger has taken on one of the largest and most important fights for corporate accountability in history on behalf of indigenous and rainforest communities,” said Paul Paz y Miño, Associate Director of the environmental group Amazon Watch, in Oakland, CA. “His ability to stare down one of the most vicious corporate attacks ever serves as an inspiration to untold numbers of people around the world. It is just stunning that the New York bar authorities, rather than recognizing what Donziger has accomplished for humanity, now seem to have allowed themselves to become an arm of Chevron’s and Gibson Dunn’s patently unethical litigation strategy. This abdication of responsibility by public officials is yet another example of the pressure environmental and human rights defenders are subjected to for their successful work challenging corporate power.”
Leading civil rights attorney Jason Flores-Williams, who is based in Denver and is a longtime admirer of Donziger’s work, agreed. “Steven Donziger is a man of great integrity who has devoted most of his career to fighting on behalf of the voiceless and dispossessed. That the New York state bar would sanction him for fighting Big Oil while doing nothing about sanctioning lawyers who serve the greed and corruption of Wall Street is a sad commentary on the state of our legal profession.”
The decision to deny Donziger a hearing effectively continues a campaign started by Chevron in 2009 to “demonize Donziger” as part of its long-term litigation strategy, according to an internal company email. Chevron and at least 115 lawyers it hired at the Gibson Dunn firm – part of team of 2,000 lawyers used by the company to fend off the environmental claims since the case was filed in 1993 -- were responding to Donziger’s tenacious advocacy over two decades on behalf of villagers who won the judgment against Chevron after the company insisted the trial be held in Ecuador, said Page. The Gibson Dunn team, led by former New York City Deputy Mayor Randy Mastro, is known as a bullying and notoriously unethical group of attorneys who will do virtually anything to rescue their corporate clients from large liabilities, said Weyler in his article.
The Ecuador judgment won by Donziger and his clients in Ecuador has been affirmed on appeal three times, most recently last week by Ecuador’s Constitutional Court in an 8-0 decision; it is also is being enforced against Chevron in Canada, where the Ecuadorians have won the unanimous backing of the country’s Supreme Court and where they have racked up multiple appellate court victories (see here for background).
Donziger in his 2017 letter to the grievance committee promised his full cooperation with any investigation, but months later and without contacting him Dopico and Goldstein moved for his immediate suspension. In his letter, Donziger characterized the referral letter to Dopico from Judge Castel urging his disbarment as showing “an entirely inappropriate and injudicious approach to this matter” that stands “in stark contrast to the judicial obligation of impartiality.” He also said in reference to the Castel letter: “The prosecutorial tone – and the woefully incomplete description of the true facts and circumstances – bespeaks an interest in vindication of a colleague rather than a request for an impartial inquiry.”
A detailed report issued last year by lawyers for the Ecuadorians, Chevron’s RICO Fraud, identifies just some of the profoundly disturbing flaws in Judge Kaplan’s civil proceeding, including:
**Kaplan relied for his finding of “bribery” on the testimony of an admittedly corrupt former Ecuadorian judge, Alberto Guerra. Guerra was `paid $2 million by Chevron; the witness, after being coached for 53 days by Chevron lawyers at Gibson Dunn, later admitted he lied on the stand. Donziger was not allowed to present evidence to the bar authorities that the witness recanted much of his testimony.
**Kaplan’s finding that the trial court judgment in Ecuador was “ghostwritten” was rejected by three appellate courts in that country; a forensic report presented in a parallel arbitration proceeding by a global expert proved the decision against Chevron was written by the trial judge, but Kaplan refused to consider the report. (See here.)
Page added that he has worked with Donziger in Ecuador for years and has seen firsthand how he is beloved by his clients and deeply respected throughout the environmental and human rights communities in Ecuador and the United States. “Steven Donziger is one of the most powerful assets we have in the fight for corporate accountability and global justice,” said Page, who wrote an article for the Huffington Post seeking support for Donziger, who has received numerous letters of encouragement from his clients.
For Donziger’s legal brief contesting his suspension by the NY bar without a hearing, apparently ignored by the New York judges, see here. For exhibits to Donziger’s filing, see here. For a statement from Donziger in response to his suspension, see here.
Ethical Corporation has just published a new briefing that delves into the role of the TCFDs in sustainability reporting and I wanted to send this across to you - you can access the report here.
There’s 9 pages of expert response and analysis to provide comprehensive insight into the climate-related financial disclosures, including:
Pricing climate change correctly and integrating into wider business processes
Overcoming the concept of scenario analysis
Ensuring those at the top are versed on climate risk and opportunity
Insight from CDP, GRI, Ørsted, Carbon Credentials and CDSB
In today’s world of cybersecurity, automation and data the resulting disruption for business is ballooning. Companies need to adhere to higher ethical standards to ensure social purpose and reputation stays intact.
Ethical Corporation has just released a new in-depth report on the future of digital on reputation tackling the most pressing issues and opportunities that digital business brings to society.
Key topics include how business needs to prioritise privacy to using data ethically and the impact of customer trust and reputation. The report features insight and case studies of the likes of; Accenture, Black Rifle Coffee, Digital Ranking Rights project.
Ethics and responsibility is an absolute must to guarantee long term success for business.
Click here to download a copy of the whitepaper briefing that tackle ethics, data and more
Covestro LLC’s THINC30 Summit has been named “Sustainability Initiative of the Year” by the Business Intelligence Group in its 2018 Sustainability Awards program. The Sustainability Awards honor people, teams and organizations that have made sustainability an integral part of their business practice or overall mission.
Click to tweet: .@BIGAwards names @Covestro’s #THINC30 #Sustainability Initiative of the Year. This annual event brings the #Pittsburgh community together to collaborate for a purpose-driven, sustainable future by 2030. http://bit.ly/2JtmTXl.
THINC stands for transforming, harnessing, innovating, navigating and collaborating for a purpose-driven, sustainable future by 2030. Covestro created this annual event to introduce the 17 global United Nation’s Sustainable Development Goals to the local Pittsburgh community, where Covestro established its U.S. headquarters 60 years ago. By sharing the U.N. goals with local business, government, academic and nonprofit leaders, Covestro hopes to inspire action that will advance the region’s growth and prosperity in a sustainable way.
“Covestro is honored to receive this prestigious sustainability award. For us, bringing the global sustainability goals to Pittsburgh through THINC30 is critical to building a more robust, inclusive community for the 21st century and beyond,” said Rebecca Lucore, head of sustainability and corporate social responsibility at Covestro LLC.
“THINC30 has enabled us to share Covestro’s strategy for embedding the goals into our business strategy and demonstrate the impact this has had our triple bottom line – People, Planet and Prosperity. Our hope is that other local companies and organizations use our model to integrate the goals into their own operations to ultimately drive our region’s growth and sustainability.”
“We are proud to reward and recognize Covestro for their sustainability efforts,” said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. “It was clear to our judges that their vision and strategy will continue to deliver results toward a cleaner, more sustainable world. Congratulations!”
Covestro is hosting its second annual THINC30 summit in Pittsburgh on October 17. For more information and registration details, please visit: https://covestrothinc302018.eventbrite.com.
About Covestro LLC:
Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business, which is among the world’s largest polymer companies with 2017 sales of EUR 14.1 billion. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, electrical and electronics, and medical industries. Other sectors include sports and leisure, cosmetics and the chemical industry itself. Covestro has 30 production sites worldwide and employed approximately 16,200 people at the end of 2017.
Find more information at www.covestro.us
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
The International Society of Sustainability Professionals (ISSP), the world's leading professional association for sustainability professionals, today announced continued momentum with the election of its 2018-2019 Leadership Team, results obtained from their first-of-its-kind member survey, and newly available on-demand courses.
The Leadership Team has already assumed their respective roles:
Jeff Yorzyk, ISSP-CSP, Associate Director of Sustainability at Hello Fresh (which acquired his former company, Green Chef) in Boulder, CO. Jeff is now President of ISSP; this is the second time he has been elected to the position.
Dr. Fabian Sack, ISSP-CSP, director at Sustainably Pty Ltd in Dulwich Hill, Australia, is now Vice President of ISSP.
Marsha Willard, ISSP-CSP, Principal of AXIS Performance Advisors, Portland, OR, continues in her role as Secretary of ISSP.
Lucinda Brown, ISSP-CSP, Principal Consultant at STET Sustainability Consulting, Norwich, VT, was re-elected Treasurer of ISSP.
Catherine Hurley, ISSP-CSP, Sustainability Program Manager for Argonne National Laboratory, is now Development Director of ISSP.
Rob Andrejewski, ISSP-SA, Director of Sustainability at University of Richmond, Richmond, VA, will stay active in ISSP in his new role as Past President.
ISSP’s Board of Directors has also just welcomed two new members who will be strengthening the connection with ISSP’s credentialing partner, Green Business Certification Inc. (GBCI). Sarah Alexander is the Senior Vice President of Credentialing and Certification at GBCI and will add her extensive credentialing experience to the ISSP Board. Harry Gordon, FAIA, LEED Fellow, is the Vice Chair of the GBCI Board of Directors and and Chair of the GBCI Finance and Audit Committee. To view a complete Board roster, please click here.
With a focus on excellence in its tenth year of service, ISSP recently collected information from members to gauge overall satisfaction and learn what their most significant needs are. The survey revealed that members who have participated in ISSP’s Professional Development, Networking, and Credential programs rate them high, yet the organization still has a large percentage of members who have not taken advantage of such offerings. Members are also looking for more on-demand courses in order to fit professional development into busy schedules. The Leadership Team plans to leverage this insight as it sets future strategic priorities.
In its first step to address the feedback received, ISSP is adding a suite of educational opportunities. This move comes a year-and-a-half after launching two credentials for sustainability professionals. Amongst these are 21 on-demand courses. The courses will be offered individually and as themed bundles (e.g., “Introductory Skills in Sustainable Business,” “Advanced Professional Skills in Sustainable Business,” “Career Training for Landing a Job in Sustainability”), and will accompany ISSP’s existing self-study offerings. Altogether, they will serve as a robust, self-paced, online learning solution for today’s sustainability leaders.
“Last year, nearly 400 members attended an ISSP professional development webinar, 200 took an ISSP course, 300+ attended an ISSP Chapter or Regional Learning Network event, and hundreds have become ISSP Sustainability Associates (ISSP-SAs) and ISSP Certified Sustainability Professionals (ISSP-CSPs),” said Maureen Hart, ISSP-CSP, Executive Director of ISSP. “We have reached base camp, so to speak. It’s now time for ISSP to move to the next level. Be on the lookout for sustainability research not available elsewhere and other improvements from us in the coming months.”
The International Society of Sustainability Professionals (ISSP) is the world’s leading professional association for sustainability professionals. ISSP is a member-driven organization, committed to moving the profession of sustainability forward by building strong networks and communities of practice and defining professional excellence with internationally-recognized credentials for sustainability professionals. Webinars, online courses, regional networking meetings and chapters, a sustainability professional body of knowledge, special reports, and resource directories are just a sampling of the rich content offered to members. Formed in 2007, ISSP boasts over 1,000 members from every region of the world. https://www.sustainabilityprofessionals.org/selfstudy
The Tiffany & Co. Foundation announced today that it has committed approximately $1.4 million AUD ($1 million USD) to help protect and restore Australia’s Great Barrier Reef. This magnificent natural wonder is the world’s largest living organism, encompassing an area approximately the size of Italy and hosting some of the richest biodiversity on Earth. However, various threats—such as climate change, poor water quality and impacts from human activity—have led to a widespread decline of coral cover in recent years.
The Tiffany & Co. Foundation has supported coral conservation worldwide for nearly two decades. This recent commitment in Australia focuses on recovering the Reef by funding both short and long-term solutions, including Great Barrier Reef Foundation’s Out of the Blue Box Innovation Challenge and Reef Aid, a project of Greening Australia.
“We believe there is reason for hope,” said Anisa Kamadoli Costa, chairman and president of The Tiffany & Co. Foundation. “The Foundation is proud to support two of the leading organizations working to preserve the Great Barrier Reef, one of our planet’s most significant natural assets. Together, we can find novel solutions to preserve this precious coral ecosystem and ensure that it is vibrant and healthy for generations to come.”
Great Barrier Reef Foundation’s Out of the Blue Box Innovation Challenge (outofthebluebox.org), launching today, is a global call for new ideas to bolster the Great Barrier Reef’s future resilience. The Challenge calls for innovations in finance, technology and social science to ease pressures on the Reef and allow it to recover. One winning concept, chosen by an expert panel from diverse sectors, will earn a prize of up to $300,000 AUD (approximately $225,000 USD). The application period closes September 3 and the winner will be announced in late October.
“Only through cross-sector collaboration and diverse thinking are we going to find solutions to help our reefs recover in the face of complex threats like climate change,” said Anna Marsden, managing director, Great Barrier Reef Foundation. “We are privileged to have the support of The Tiffany & Co. Foundation in the development of the Out of the Blue Box Innovation Challenge. Through the Challenge, we hope to identify creative approaches to restore not only the Great Barrier Reef, but coral reefs around the world.”
To complement this search for long-term solutions, The Tiffany & Co. Foundation is also supporting tangible conservation efforts through Reef Aid, a project of Greening Australia. Reef Aid aims to improve water quality by restoring watersheds and wetlands near the Reef, halting erosion and thus significantly reducing the amount of sediment in ocean waters.
“Greening Australia and our partners are tackling one of the most critical threats to the iconic and globally significant Great Barrier Reef,” said Brendan Foran, CEO of Greening Australia. “With The Tiffany & Co. Foundation’s support, which will be matched with the same level of government funding, we will continue to improve water quality, boosting the Reef’s resilience to fight climate change.”
The Tiffany & Co. Foundation believes these two complementary approaches will contribute to various restoration efforts already underway, balancing the need for long-term solutions with immediate, tangible actions to safeguard the world’s most iconic reef.
Support of Great Barrier Reef Foundation’s Innovation Challenge was made possible through a grant to The University of Queensland in America Inc and support of Greening Australia’s Reef Aid project was made possible through a grant to Give2Asia.
About The Tiffany & Co. Foundation
Established in 2000, The Tiffany & Co. Foundation provides grants in environmental conservation, working to preserve the world’s most treasured landscapes and seascapes. The Foundation supports organizations dedicated to the stewardship of natural resources in the areas of responsible mining and coral conservation. For more information on The Tiffany & Co. Foundation, please visit tiffanyandcofoundation.org.
About Great Barrier Reef Foundation
The Great Barrier Reef Foundation exists to ensure there is a Great Barrier Reef for future generations. As the lead charity for the Great Barrier Reef, the Foundation raises funds and creates enduring strategic partnerships that deliver high impact, solution-driven projects for the Reef. It works with great minds to deliver greater impact for the Reef through science, technology, engineering and on-ground conservation action.
About Greening Australia
Greening Australia is an independent not-for-profit organization that uses the latest science to guide what’s best for Australian landscapes and the people and wildlife that live in them. Greening Australia started conserving and restoring Australia’s unique landscapes in 1982 and hasn’t stopped since. Greening Australia is committed to tackling Australia’s biggest environmental challenges with the best science and the best people, working to create healthy, productive landscapes across Australia where people and nature can thrive.
(GlobeNewswire) – The Hershey Company (NYSE:HSY) was recognized for the sixth time as one of America’s 50 most community-minded companies in The Civic 50, an annual recognition from Points of Light for companies that most effectively use their resources to help improve the communities in which they do business.
The Hershey Company has demonstrated a passion for supporting vibrant and thriving communities for more than a century. “The Hershey Company was built with the idea of strong community. Our founder Milton Hershey didn’t just open a factory, he built a town,” said Leigh Horner, Vice President of Corporate Communications and Corporate Social Responsibility, The Hershey Company. “Today, meaningful community involvement is demonstrated every day by our remarkable employees, whose generosity continues to push us to work more closely together with our local partners to create strong communities.”
Last year, the company updated its corporate giving strategy to include a renewed focus on the communities where its employees live and work, distributing more than $5 million to 1,100 organizations through Hershey’s community giving program. The new strategy focuses on three key areas that help communities thrive: supporting basic needs, educating the workforce of tomorrow, and investing in community and economic development efforts that bring people together.
This week, Hershey employees are deployed across communities for its annual global week of service, Good to Give Back Week. Throughout the week, thousands of employees will work with the company’s non-profit partners to support local communities around the world. During an annual meal-packing event with Rise Against Hunger, the company expects to pack approximately 285,000 meals for communities in need, adding to the more than one million meals already packed during the previous five years. Throughout the year, Hershey employees are encouraged to give back to communities and are given paid time off to volunteer.
“The Civic 50 truly highlights the commitment of community and civic engagement of America’s leading brands,” said Natalye Paquin, president and CEO, Points of Light. “Points of Light believes that people drive change in addressing society’s growing and most profound challenges. The business community plays an important role in creating and delivering innovative solutions that drive social good in the communities where they live and work.”
The Civic 50 is the only award that exclusively measures corporate involvement in communities and provides a national standard for superior corporate citizenship and showcases how companies can use their time, skills and other resources to improve the communities in which they do business. Civic 50 winners are public and private companies with U.S. operations and revenues of $1 billion or more and are selected based on four dimensions of their U.S. community engagement program - investment, integration, institutionalization and impact.
Hershey has received the Civic 50 award every year since it was created in 2012.
To view a complete list of The Civic 50 companies for 2017, visit Civic50.org.
About The Hershey Company
The Hershey Company, headquartered in Hershey, Pa., is a global confectionery company known for bringing goodness to the world through its chocolate, sweets, mints and other great-tasting snacks. Hershey has approximately 17,000 employees around the world who work every day to deliver delicious, quality products. The company has more than 80 brands around the world that drive more than $7.5 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Hershey's Kisses, Jolly Rancher and Ice Breakers. Building on its core business, Hershey is expanding its portfolio to include a broader range of delicious snacks.
At Hershey, goodness has always been about more than delicious products. For more than 120 years, Hershey has been committed to operating fairly, ethically and sustainably. Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company has focused on giving underserved children the skills and support they need to be successful. Today, the company continues this social purpose through 'Nourishing Minds,' a global initiative that provides basic nutrition to help children learn and grow. From neighborhoods across the United States to the streets of Shanghai and Mumbai and villages of West Africa, our goal is to nourish one million minds by 2020.
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About Points of Light
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Jeff Beckman, Hershey
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c6e58370-04fa-4268-b19f-22ff22d5ac73
SC Johnson anunció que es la primera gran compañía de bienes de consumo envasados (Consumer Packaged Goods, CPG) en divulgar a nivel mundial los ingredientes de sus fragancias hasta el 0,01 % de la fórmula de los productos de toda su cartera de marcas. Esta medida, que va mucho más allá de lo exigido, sigue el camino que la empresa adoptó hace una década para transformar los esfuerzos de la industria respecto de la transparencia de los ingredientes.
“SC Johnson está convencida de que los consumidores se merecen estar al tanto de lo que contienen los productos que usan. Comenzamos divulgando los ingredientes de las fragancias por producto en 2015 y, desde entonces, hemos seguido revelando cientos de esos ingredientes hasta el 0,01 % durante más de un año”, comentó Kelly M. Semrau, vicepresidenta sénior de Asuntos Corporativos Globales, Comunicación y Sustentabilidad. “Compartir más información sobre los ingredientes de los productos es bueno para las familias y es importante para la industria en su conjunto. Nos complace ver que nuestros homólogos del sector están siguiendo nuestro ejemplo y avanzando hacia una mayor transparencia”.
En 2009, SC Johnson comenzó su camino hacia la transparencia, que sirve de ejemplo para la industria, al lanzar la página web de ingredientes WhatsInsideSCJohnson.com, la primera en su tipo. En 2012, añadió una extensa lista con los ingredientes de las fragancias usadas en sus productos. La paleta de fragancias de SC Johnson excluye aproximadamente 2.400 ingredientes que no cumplen los elevados estándares de la compañía, a pesar de que sí cumplen los estándares industriales y son legales dentro del comercio.
En 2015, SC Johnson añadió a su sitio web una divulgación de fragancias específica para cada producto. Los consumidores que tengan dudas pueden encontrar en WhatsInsideSCJohnson.com la lista de las fragancias usadas en los distintos productos de SC Johnson en todas sus categorías. En 2016 la empresa amplió su programa de divulgación a Europa y en 2017, a Asia. El programa se implementará en Latinoamérica a finales de este año.
En 2017, SC Johnson también fue pionera en divulgar, siguiendo un enfoque de productos específicos, la presencia de 368 alérgenos cutáneos que pueden estar presentes en sus productos. Esta iniciativa supera las regulaciones de la Unión Europea y también de los Estados Unidos, donde no existe ninguna normativa que exija transparencia respecto de los alérgenos.
A principios de este año, SC Johnson dio a conocer el criterio científico que sigue su programa Greenlist™, que sirve de guía para seleccionar ingredientes que protejan la salud humana y el medioambiente.
Puede obtener más información sobre el programa Greenlist™ de SC Johnson y su compromiso con la transparencia de los ingredientes en WhatsInsideSCJohnson.com. Asimismo, puede consultar online el informe de sustentabilidad de SC Johnson en www.scjohnson.com/report.
Acerca de SC Johnson
SC Johnson es una compañía familiar dedicada al desarrollo de productos innovadores de alta calidad, excelencia en el lugar de trabajo y un compromiso a largo plazo con el medioambiente y las comunidades en las que opera. Con sede principal en los EE. UU., la compañía es uno de los líderes mundiales en la fabricación de productos de limpieza domésticos y productos para el almacenamiento en el hogar, cuidado del aire, control de plagas y cuidado del calzado, así como también productos profesionales. Comercializa marcas tan conocidas como GLADE®, KIWI®, OFF!®, PLEDGE®, RAID®, SCRUBBING BUBBLES®, SHOUT®, WINDEX® y ZIPLOC® en los EE. UU. y más allá, y comercializa marcas afuera de los EE. UU. que incluyen AUTAN®, TANA®, BAMA®, BAYGON®, BRISE®, KABIKILLER®, KLEAR®, MR MUSCLE® y RIDSECT®. La compañía de 132 años genera diez mil millones de dólares en ventas, emplea cerca de 13 000 personas alrededor del mundo y vende productos en prácticamente todos los países del mundo. www.scjohnson.com
Aujourd’hui, SC Johnson a annoncé qu'elle est la première grande entreprise de CPG à divulguer les ingrédients contenus dans ses parfums à l'échelle mondiale, au niveau de 0,01 % de la formule du produit dans son portefeuille de marques. Cette action, qui dépasse ce qui est requis, permet de continuer le long périple de l'entreprise, qui consiste à transformer les efforts de l'industrie en matière de transparence des ingrédients.
« SC Johnson croit fermement que les consommateurs méritent de savoir ce que contiennent les produits qu'ils utilisent. En 2015, nous avons commencé à divulguer les ingrédients contenus dans ses parfums par produit et avons divulgué des centaines de ces ingrédients au niveau de 0,01 % depuis plus d'un an », a déclaré Kelly M. Semrau, vice-présidente principale, Affaires générales, Communication et Développement durable. « Partager plus sur les ingrédients des produits est bon pour les familles et est important pour l'industrie dans son ensemble. Nous sommes heureux de voir que nos pairs de l'industrie suivent notre exemple et prennent des mesures pour être plus transparents. »
SC Johnson a entamé son voyage de transparence dans l'industrie en lançant son site Web sur les ingrédients WhatsInsideSCJohnson.com – le premier du genre – en 2009. En 2012, il a ajouté une liste complète des ingrédients contenus dans les parfums utilisés dans ses produits. La palette de parfums SC Johnson exclut environ 2 400 ingrédients qui ne répondent pas aux normes élevées de l'entreprise, même s'ils répondent à celles de l'industrie et sont légaux dans le commerce.
En 2015, SC Johnson a ajouté à son site Web des renseignements sur les parfums spécifiques aux produits. Les consommateurs qui ont des questions peuvent trouver la liste des parfums dans les différents produits SC Johnson, parmi ses catégories, à l’adresse WhatsInsideSCJohnson.com. En 2016, l’entreprise a étendu son programme de divulgation en Europe et en 2017, en Asie. Le programme sera introduit en Amérique latine plus tard cette année.
En 2017, SC Johnson a franchi une nouvelle étape en divulguant, sur une base spécifique au produit, la présence de 368 allergènes cutanés pouvant être présents dans ses produits. Ce mouvement dépasse la réglementation de l'Union européenne et des États-Unis, où aucune règle n'exige la transparence des allergènes.
Plus tôt cette année, SC Johnson a dévoilé les critères scientifiques qui sous-tendent son programme Greenlist™, qui guide la sélection des ingrédients afin de protéger la santé humaine et l'environnement.
Vous pouvez en apprendre plus sur le programme Greenlist™ de SC Johnson et son engagement envers la transparence des ingrédients à l’adresse WhatsInsideSCJohnson.com et le Rapport de développement durable de SC Johnson peut être consulté en ligne à www.scjohnson.com/report.
À propos de SC Johnson
SC Johnson est une entreprise familiale dévouée à proposer des produits innovants de haute qualité et à garantir l’excellence sur le lieu de travail. L’entreprise a également pris un engagement à long terme envers l’environnement et les communautés où elle mène ses activités. Basée aux États-Unis, SC Johnson est l’un des premiers fabricants de produits d’entretien ménager, de produits de rangement domestique, de produits d’assainissement de l’air, de produits de lutte contre les insectes, de produits d’entretien des chaussures et de produits pour les professionnels. L’entreprise commercialise des marques bien connues telles que GLADE®, KIWI®, OFF!®, PLEDGE®, RAID®, SCRUBBING BUBBLES®, SHOUT®, WINDEX® et ZIPLOC® aux États-Unis et ailleurs, avec des marques commercialisées en dehors des États-Unis telles que AUTAN®, TANA®, BAMA®, BAYGON®, BRISE®, KABIKILLER®, KLEAR®, MR MUSCLE® et RIDSECT®. Cette entreprise, fondée il y a 132 ans et qui génère des ventes d’une valeur de 10 milliards de dollars, emploie environ 13 000 personnes dans le monde entier et vend ses produits dans pratiquement tous les pays du monde. www.scjohnson.com
A SC Johnson anunciou hoje que é a primeira grande empresa de bens de consumo a divulgar globalmente até 0,01% dos ingredientes na fórmula de suas fragrâncias em todo seu portfólio de marcas. Essa ação, que vai além do que é obrigatório, continua a jornada de uma década de trabalho da empresa para a transformação dos esforços do setor quando se trata de transparência de ingredientes.
“A SC Johnson acredita firmemente que os consumidores merecem saber o que há nos produtos que eles usam. Começamos a divulgar os ingredientes das fragrâncias por produto em 2015 e divulgamos centenas desses ingredientes até 0,01% da fórmula há mais de um ano”, disse Kelly M. Semrau, Vice-presidente sênior de Assuntos Corporativos Globais, Comunicação e Sustentabilidade. “Um maior compartilhamento dos ingredientes dos produtos é bom para as famílias e importante para o setor como um todo. Estamos felizes em ver que os colegas do nosso setor estão seguindo nosso caminho e tomando medidas para uma maior transparência”.
A SC Johnson iniciou sua jornada como líder do setor em transparência com o lançamento de seu site de ingredientes WhatsInsideSCJohnson.com, o primeiro desse tipo, em 2009. Em 2012, a empresa acrescentou uma lista completa dos ingredientes das fragrâncias usados em seus produtos. A Paleta de Fragrâncias da SC Johnson exclui cerca de 2.400 ingredientes que não atendem aos altos padrões da empresa, apesar de respeitarem os padrões do setor e serem comercialmente legais.
Em 2015, a SC Johnson adicionou ao seu site a divulgação de fragrâncias específicas por produto. Os consumidores com dúvidas podem encontrar a lista de fragrâncias de produtos da SC Johnson em todas as suas categorias em WhatsInsideSCJohnson.com. Em 2016, a empresa expandiu seu programa de divulgação para a Europa e, em 2017, para a Ásia. O programa será lançado na América Latina ainda este ano.
Em 2017, a SC Johnson abriu novos caminhos anunciando, com base em produtos específicos, a presença de 368 alergênicos cutâneos que podem estar presentes em seus produtos. Essa medida vai além das regulamentações da União Europeia e dos Estados Unidos, onde não há leis que obrigam a transparência de alergênicos.
No início deste ano, a SC Johnson revelou os critérios científicos por trás de seu programa Greenlist™, que orienta como a empresa seleciona os ingredientes para proteger a saúde humana e o meio ambiente.
Você pode saber mais sobre o programa Greenlist™ da SC Johnson e o compromisso com a transparência de ingredientes em WhatsInsideSCJohnson.com, ou no Relatório de Sustentabilidade da SC Johnson, que pode ser visualizado online em www.scjohnson.com/report.
Sobre a SC Johnson
A SC Johnson é uma empresa familiar dedicada a produtos inovadores e de alta qualidade, à excelência no local de trabalho e ao compromisso de longo prazo com o meio ambiente e as comunidades onde atua. Com sede nos EUA, a empresa é um dos principais fabricantes mundiais de produtos de limpeza doméstica e produtos de armazenagem doméstica, purificadores de ar, controle de pragas e cuidados para calçados, além de produtos profissionais. A empresa comercializa marcas consagradas, como GLADE®, KIWI®, OFF!®, PLEDGE®, RAID®, SCRUBBING BUBBLES®, SHOUT®, WINDEX® e ZIPLOC® nos Estados Unidos e em outros países. Estão entre suas marcas fora dos EUA: AUTAN®, TANA®, BAMA®, BAYGON®, BRISE®, KABIKILLER®, KLEAR®, MR. MÚSCULO® e RIDSECT®. Com 132 anos de história, a empresa gera US$ 10 bilhões em vendas, emprega aproximadamente 13 mil pessoas em todo o mundo e vende produtos em quase todos os países. www.scjohnson.com