Following our profound strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production, the name DONG Energy does not fit our company anymore.
Consequently, we have called an Extraordinary General Meeting on 30 October 2017 to ask our shareholders to approve a change of our company name to Ørsted.
Thomas Thune Andersen, Chairman of the Board of Directors, says:
“DONG was originally short for Danish Oil and Natural Gas. With our profound strategic transformation and the divestment of our upstream oil and gas business, this is no longer who we are. Therefore, now is the right time to change our name.”
Thomas Thune Andersen continues:
"Our vision is a world that runs entirely on green energy. Climate change is one of the most serious challenges facing the world today, and to avoid causing serious harm to the global ecosystems, we need to fundamentally change the way we power the world by switching from black to green energy,” Thomas Thune Andersen concludes.
Henrik Poulsen, our CEO, says:
“2017 will be remembered as the year when offshore wind became cheaper than black energy, as demonstrated by the recent tenders for offshore wind in Germany and the UK. It has never been more clear that it is possible to create a world that runs entirely on green energy. The time is now right for us to change our name to demonstrate that we want to help create such a world.”
From green transformation to green growth
Over the past decade, we have transformed from an energy company based on coal and oil to a global leader in renewable energy. The company has increased earnings considerably, while reducing the use of coal in its power stations and building out new offshore wind farms. Since 2006, carbon emissions have been reduced by 52%, and by 2023, they will have been reduced by 96% compared to 2006.
Henrik Poulsen, says:
“Today, we’re dedicated to green energy. Our focus going forward will be on green growth based on our existing business platforms in offshore wind, biomass, green customer solutions and advanced waste-to-energy solutions. We’ll also explore new green growth opportunities to strengthening our existing platform, if they support our vision, provide a strong competitive position and create value for our shareholders.”
We have divested our upstream oil and gas business and decided to stop all use of coal. In addition, we have established a new storage team to explore new business opportunities in energy storage. We have also set up a new corporate venture unit in Silicon Valley, California, to explore emerging energy technologies and potential long-term business opportunities.
As battery storage and new energy technologies mature and as a more flexible demand side is developed, natural gas will, in the coming years, continue to support the transition to an entirely green energy system. We will continue to trade in and sell natural gas to our customers, facilitating the bridge to a world that runs entirely on green energy.
The new name and brand
The new name – Ørsted – references the innovative Danish scientist Hans Christian Ørsted (1777-1851). Ørsted spearheaded several scientific discoveries, including the discovery of electromagnetism in 1820, which helped lay the scientific foundation for how today’s societies are powered.
As part of becoming Ørsted, a new logo and brand identity will be introduced. The new brand identity is inspired by the Danish design tradition in being simple, functional and human and supporting a sustainable way of life. The brand identity will consist of a full spectrum of colours, inspired by Scandinavian nature and the Danish 20th century artist Vilhelm Lundstrøm.
Henrik Poulsen says:
“We’ve undertaken significant efforts to find the right name and brand identity for our company. Our new name recognises H.C. Ørsted’s curiosity, dedication and interest in nature and our brand identity speaks to the innovation and profound understanding of nature, which is vital to creating a world that runs entirely on green energy.”
3Degrees, in partnership with Dorchester Renewable Energy LLC, registered the first ever carbon offset project under the Regional Greenhouse Gas Initiative (RGGI), a mandatory cap and trade program covering the electric sector in nine states in the eastern U.S.
The project destroys methane gas from the New Beulah Landfill located on Maryland’s eastern shore. It is expected to reduce greenhouse gas emissions equal to more than 20,000 metric tons of CO2 per year.
“We are pleased to continue our history of ‘firsts’ in the carbon market, which dates back to a time when we were still known as TerraPass,” said Mark Mondik, Vice President of Carbon Markets at 3Degrees. TerraPass, renamed Origin Climate in 2014, became part of 3Degrees in a merger between the companies earlier this year.
The sale of RGGI offsets will provide the sole source of revenue to support the operation of the project.
“RGGI support is critical to this project,” said Tom Koch, Principal of Dorchester Renewable Energy. “Voluntary market prices for landfill gas offsets aren’t sufficient to make projects like this economically viable, but through RGGI we are able to reach higher-value buyers.”
According to the latest “Inventory of U.S. Greenhouse Gas Emissions and Sinks” published by the USEPA, landfills in the United States still account for around 115 million metric tons of CO2-equivalent emissions per year.
At 3Degrees, our business is our mission. As a certified B Corporation, we connect people with cleaner energy on a massive scale — providing renewable energy and carbon offset solutions to Fortune 500 companies, utilities, universities, green building firms and other organizations that are working to make their services and operations more sustainable. Headquartered in San Francisco, 3Degrees serves clients around the world.
Register today for Promoting Resilience and Cross-Sector Collaboration for a Sustainable Future, June 26 in Washington, D.C. Reserve your spot today to learn from top business and disaster preparedness response experts.
Promoting Resilience and Cross-Sector Collaboration for a Sustainable Future will take a comprehensive look at the different social drivers that impact a community's ability to prepare and respond. Starting with a holistic approach to community development, experts will discuss best practices to creating resiliency plans.
Register today to join us on June 26. At this event, you will learn:
• The different social drivers that impact a community's ability to prepare and respond.
• Best practices to creating resiliency plans.
• How the private sector can engage to support the adaptability of the community, including financing, infrastructure, and materials reuse.
We're only a few weeks away, so reserve your spot today! https://www.uschamberfoundation.org/event/promoting-resilience-and-cross-sector-collaboration-sustainable-future
Building on a decades-long focus on sustainability, the Cargill Cocoa Promise has so far supported more than 145,000 farmers worldwide with market access, training and resources, while working with almost 500 farmer organizations and cooperatives. Now the Cargill Cocoa Promise is continuing to evolve to meet the most pressing needs of cocoa farmers and communities, with the establishment of a future pathway aligned with the U.N. Sustainable Development Goals (SDGs).
“Supporting smallholder farmers to build more resilient and sustainable businesses has been at the core of our own cocoa and chocolate business ethos for over two decades”, said Cargill Cocoa & Chocolate President, Harold Poelma. “But the challenges smallholder farmers face have changed – and our strategy has evolved accordingly. Using the learnings and insights gathered over the years, we have charted a course for the future impact of the Cargill Cocoa Promise.”
This year’s report focuses on progress in the areas of direct sourcing, limiting deforestation, improving traceability and building up the socioeconomic resilience of farmers and their wider communities. 85 percent of Cargill’s sustainable cocoa is sourced directly from farmers through farmer organizations and cooperatives. Working with farmer groups enables Cargill to strengthen these organizations’ own internal capabilities, supporting them to become more efficient, profitable and self-sustaining. For instance, in 2016-17, farmers in Cote d’Ivoire who implemented the learnings of one-to-one coaching on good farming practices saw their yields increase 49 percent on average.
Creating a self-sustaining ripple effect is also the aim of broader community activities, particularly in the area of income diversification, which can help build economic resilience in the face of fluctuating conditions.
For instance, through ongoing global partnership with the humanitarian organization, CARE, Cargill has introduced more than 175 village savings and loans schemes through Village Savings and Loan Associations (VSLA’s) in Ghana and Cote d’Ivoire. This has helped more than 4,000 people – half of whom are women – obtain small loans to start their own businesses.
Cargill is working to entirely eliminate all forms of child labor in the cocoa supply chain and ensure children have a bright future to look forward to. So far, over 145,000 farmers have been trained to understand the worst forms of child labor, and 20,000 children have been provided with access to education and healthcare.
Technology is proving an invaluable tool in driving progress, particularly around more accurate and transparent product traceability. Across the globe, GPS-mapping of more than 56,000 farms is boosting provenance information and informing farm development planning. Meanwhile in Ghana, 25,000 farmers have signed onto a scheme that allows us to tag and track each bag of cocoa beans Cargill buys back to the farmer. At the point of delivery, farmers are immediately paid via mobile money accounts.
New innovations have a vital role to play in protecting the planet and the livelihoods of smallholder farmers. Using GPS technology, Cargill conducted a risk assessment of 2.3 million hectares of forest to evaluate habitat type and tree cover loss, as part of its global efforts to eliminate deforestation across agricultural supply chains by 2030. The results serve as a baseline to prioritize interventions and advance sustainable landscape approaches.
Cargill firmly believes that investing in sustainability is an investment in the long-term security of the cocoa supply chain. With this in mind, and building on evidence and experience from the past two decades, the company is expanding its commitment to the SDGs and has charted a clear course for the future with five 2030 Goals in the following areas:
The 2030 Goals will allow Cargill to think globally, but act locally, using the framework of the SDGs to meet the direct needs of people in cocoa communities in a transparent, credible and measurable way.
“Achieving the SDGs demands a common approach, making use of new innovations and working with partners across the sector to achieve our common ambition of a more sustainable cocoa sector overall. We believe our global goals will help accelerate this sector-wide shift, to the benefit of all stakeholders involved”, said Cargill Cocoa & Chocolate’s Director of Sustainability, Taco Terheijden.
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. We have 155,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.
About Cargill Cocoa & Chocolate
Cargill Cocoa & Chocolate offers its customers quality products and services they trust to help them thrive, today and in the future. We consistently deliver a wide range of products—including cocoa powder, liquor and butter, chocolates, fillings and coatings—to help customers stand out from the crowd. Cargill offers peace of mind in the short and long-term; day-to-day we work to the highest safety standards and offer insight-driven price risk management and sustainable cocoa services. For recipe development and optimization, we have seven specialized Application Centers around the world. Our insights on market and consumer trends, combined with our innovation support and consistent performance, make us a proactive partner in all major consumer markets. Cargill customers also benefit from our bean sourcing and research capabilities in key origin countries, including Brazil, Cameroon, Ghana, Côte d’Ivoire and Indonesia. With a team of more than 3,500 passionate cocoa and chocolate experts in 47 locations, we provide unique knowledge and proactive services across five continents, built on a foundation of 150 years of experience. Visit www.cargillcocoachocolate.com.
About Cargill Cocoa Promise
We launched the Cargill Cocoa Promise in 2012 to align our efforts in origin countries. It is our commitment to improving the livelihoods of farmers and communities in a holistic way that will secure a thriving sector for generations to come. The origin countries include Brazil, Cameroon, Côte d’Ivoire, Ghana and Indonesia.
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The first day of The Consumer Goods Forum’s Second Sustainable Retail Summit drew to a close yesterday, and it was a great success. Taking place at the Centre Mont-Royal in Montréal, the Sustainable Retail Summit has brought together over 230 “global leaders” from 26 countries to discuss the role of business in tackling today’s most pressing challenges, which can only be overcome through collective action: food waste, forced labour and consumer health.
The event was opened by The Consumer Goods Forum (CGF) Managing Director Peter Freedman and Save-on-Foods President Darrell Jones. Peter highlighted why the CGF is playing an important role within the industry, calling on delegates to “be courageous and bold”. Darrell Jones welcomed the delegates to Canada, before noting the role companies need to play today. He also said we need ways to add value and provide solutions. He closed by expressing thanks to the CGF and how we need to work collectively to understand the consumer goods industry and the world at large.
Delegates were then updated on the work of the CGF by the teams leading the charge within their own companies, as well as those working directly for the CGF. Attendees were given updates on the CGF’s work on environmental and social sustainability and health and wellness. It was clear that steady progress had been made, but a common theme was that more work is needed. There was clearly much to be proud of though, from “Collaboration for Healthier Lives” pilots to the first ever resolutions on forced labour and food waste.
The final session of the morning saw Barilla and Carrefour presenting on how they are working together on the issue of food waste: a global problem with humanitarian, environmental and economic implications.
The afternoon sessions then saw more focused panel discussions on the three megatrends. Bringing to the stage CEOs, NGOs, government representatives and industry experts, delegates were treated to excellent discussions and Q&As, and delegates got to test panellists with some tricky questions.
Across the three megatrends, however, there were three clear learnings:
Companies need to measure: whether it’s accurately assessing food loss and waste, tracing your supply chains for potential cases of forced labour or measuring incremental sales in healthier baskets, the data is essential if positive change is to take place.
Progress is being made and the achievements are many, but it’s still early and more needs to be done. Implementation processes need to accelerate and more companies need to step up to the plate.
These problems are too big for any one company, industry or government to tackle. Collective action is a must on all three areas, and companies need to work with each other as well as with governments and other key stakeholders.
What is the Sustainable Retail Summit?
The consumer goods industry is facing a clear call to action. People are demanding sustainable products and want to live healthier lives, and they expect our industry to deliver. At the same time, the UN Sustainable Development Goals demand co-ordinated industry action. These demands, together with an uncertain political environment and ever more complex supply chains, mean it’s harder than ever before to know how to implement strategies and actions that will secure the long-term, sustainable growth of consumer goods businesses.
However, thanks to The Consumer Goods Forum and its Sustainable Retail Summit, there is now a unique opportunity to learn first-hand how companies are taking positive action and collaborating to overcome today’s biggest industry challenges. From eradicating forced labour, reducing and measuring food loss and waste, to supporting healthier diets and lifestyles, the Sustainable Retail Summit provides practical sessions on implementing change and meeting these challenging demands head on.
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About The Consumer Goods Forum
The Consumer Goods Forum (“CGF”) is a global, parity-based industry network that is driven by its members to encourage the global adoption of practices and standards that serves the consumer goods industry worldwide. It brings together the CEOs and senior management of some 400 retailers, manufacturers, service providers, and other stakeholders across 70 countries, and it reflects the diversity of the industry in geography, size, product category and format. Its member companies have combined sales of EUR 3.5 trillion and directly employ nearly 10 million people, with a further 90 million related jobs estimated along the value chain. It is governed by its Board of Directors, which comprises more than 50 manufacturer and retailer CEOs. For more information, please visit: www.theconsumergoodsforum.com.
Leading affordable housing organization Habitat for Humanity is the best nonprofit in the United States for employees and volunteers, according to an inaugural ranking published by job-hunting site Indeed. Habitat secured the top spot among U.S. nonprofits based on more than 1,200 reviews from current employees, past employees and volunteers.
"It is no surprise that there is a population of people with a strong desire to work toward a greater mission in the nonprofit sector," said Paul D'Arcy, SVP at Indeed. "We've seen a general attraction among employees to work for mission-driven organizations. Employees ranking Habitat for Humanity as the top nonprofit workplace noted its 'amazing' work morale, family-like teams and friendly community."
Headquartered in Atlanta and Americus, Georgia, the global nonprofit operates in more than 1,300 communities across the United States and in more than 70 countries.
Jonathan Reckford, CEO of Habitat for Humanity International, believes it is the culture and mission of Habitat which draws people from all backgrounds to work together in unity. With a variety of ways to join in the organization’s efforts—through volunteering, donating or advocating for affordable housing—Habitat’s mission to empower families through safe, decent and affordable shelter appeals to all generations.
“At Habitat, we take pride in being inclusive and mission-driven,” Reckford said. “Our work simply would not be possible without the thousands of staff and volunteers in the United States and around the world who are bound together by a common sense of purpose. This recognition means so much because it comes from those who know our work best.”
About Habitat for Humanity
Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in more than 1,300 communities throughout the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.
The 2016 Corporate Philanthropy Institute theme is “Be Courageous.” This one-day conference for corporate responsibility professionals will explore how companies and CSR leaders are demonstrating courage through their work. Expert speakers will help us understand where this dynamic field is headed and what kind of skills are needed for practitioners to thrive. This year’s Corporate Philanthropy Institute will engage more than 150 professionals working in corporate citizenship and philanthropy across the globe in big ideas and then break concepts down into usable strategies, approaches and actionable plans. Join us!
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest leisure travel company announced it will shift purchasing policies across its nine leading cruise line brands by 2024 to improve the welfare of sourced chicken, becoming one of the first companies in the travel industry to commit to adopting comprehensive broiler chicken welfare policies.
Working with animal protection organizations, including the Humane Society of the United States (HSUS) and The Humane League, Carnival Corporation is committed to aligning welfare standards for broiler chicken, ensuring that 100 percent of chicken sourced will be certified by the Global Animal Partnership (GAP).
"Carnival Corporation and our brands recognize animal welfare is an important issue for our guests and the general public, as well as us, and by teaming up with leading organizations that have made this commitment to responsible sourcing, we are optimistic that this will help advance broader adoption of these conscientious practices,” said Julia Brown, chief procurement officer for Carnival Corporation. "With this latest initiative, we will expand on our responsible sourcing efforts across the corporation by working closely with our suppliers to assure that the broiler chickens we purchase are treated humanely, under appropriate animal welfare standards."
By 2024, Carnival Corporation will require sourced chicken to be GAP-certified and produced under standards that require all chickens to be given more space and enhanced environments – including litter and lighting. Additionally, these new policies will ensure that Carnival Corporation’s chicken suppliers process their products in a humane manner through a multi-step controlled-atmosphere system and demonstrate compliance with these standards.
"Carnival Corporation has continued to uphold their position as a leader in the industry on many fronts, including animal welfare,” said Joyana Hunt, corporate policy specialist for HSUS. “We applaud the company's commitment to broiler chicken welfare.”
This broiler chicken purchasing commitment is the latest stride in Carnival Corporation's continued dedication to addressing animal welfare in its supply chain. In 2015, working with the Humane Society of the United States, Carnival Corporation committed to switching to 100 percent cage-free eggs across all its brands by 2025.
Carnival Corporation & plc
Carnival Corporation & plc is the world's largest leisure travel company and among the most profitable and financially strong in the cruise and vacation industries, with a portfolio of 10 dynamic brands that include nine of the world's leading cruise lines. With operations in North America, Europe, Australia and Asia, its portfolio features Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK), as well as Fathom, the corporation's immersion and enrichment experience brand.
Together, these brands operate 103 ships with 231,000 lower berths visiting over 700 ports around the world, with 18 new ships scheduled to be delivered between 2018 and 2022. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only dual listed company in the world to be included in both the S&P 500 and the FTSE 100 indices.
In 2017, Fast Company recognized Carnival Corporation as being among the "Top 10 Most Innovative Companies" in both the design and travel categories. Fast Company specifically recognized Carnival Corporation for its work in developing Ocean Medallion™, a high-tech wearable device that enables the world's first interactive guest experience platform capable of transforming vacation travel into a highly personalized and elevated level of customized service.
Additional information can be found on www.carnival.com, www.fathom.org, www.hollandamerica.com, www.princess.com, www.seabourn.com, www.aida.de, www.costacruise.com, www.cunard.com,www.pocruises.com.au, and www.pocruises.com.
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Talented MBA candidates from 41 of the nation’s leading business schools competed for $50,000 in scholarships in the 2017 National Black MBA Association (NBMBAA) Graduate Student Case Competition®, sponsored by FCA US LLC.
The NBMBAA/FCA US National Graduate Student Case Competition is an annual event that gives high-powered student teams an opportunity to demonstrate their knowledge and problem-solving skills in a formal competition. Teams are given a business case from which they develop business solutions. Each student team then prepares and presents its case to a panel of experienced business executives. Teams are judged on their analysis of the case, the feasibility of their recommendations and the quality of their presentations.
The competition is held each year as part of the NBMBAA’s Annual Conference and Exposition, which was held this year in Philadelphia from September 26-30. FCA US has been an active supporter of NBMBAA for more than 30 years and the exclusive sponsor of the Graduate Student Case Competition since 1995. Over that time, more than 2,300 MBA students have participated in the competition.
"FCA US is proud to continue its support of the National Black MBA Association Graduate Student Case Competition," said Kelly Tolbert, Head of Diversity, FCA US LLC. "The competition is a showcase event for student achievement that enables our Company to demonstrate its commitment to identifying, recruiting and developing diverse talent and future business leaders."
This year, the students from the University of Alabama took home the first place trophy as national champions and $25,000 in scholarships. The winning team members were Liz Alley, Jessika Banks, Bryonna Rivera Burrows and Myles Ward, all current MBA students at the university. The second- and third-place teams represented Georgetown University and Boston University, earning $15,000 and $10,000 in scholarships, respectively. Winning teams were announced at the NBMBAA’s Impact Awards Gala on Friday, September 29.
The 2017 business case required teams to re-introduce a global automotive brand to the U.S. market. Teams were judged on their work creating a strategic vision and operating plan for their dealership incorporating concepts from marketing, supply chain, finance, operations and customer experience.
About National Black MBA Association
The NBMBAA has grown from a two-day conference to one of the country’s largest professional, minority organizations with 9,000+ members, 45 professional chapters, 35 Leaders of Tomorrow® (LOT®) programs and more than 300 corporate partners. The organization is dedicated to developing partnerships that create intellectual and economic wealth in the Black community through its five channels of engagement: career, education, entrepreneurship, leadership and lifestyle.
About FCA US LLC
FCA US LLC is a North American automaker based in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation. The Company also distributes Mopar and Alfa Romeo parts and accessories. FCA US is building upon the historic foundations of Chrysler Corp., established in 1925 by industry visionary Walter P. Chrysler and Fabbrica Italiana Automobili Torino (F.I.A.T.), founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli. FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. (NYSE: FCAU/ MTA: FCA).
FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. FCA is listed on the New York Stock Exchange under the symbol “FCAU” and on the Mercato Telematico Azionario under the symbol “FCA.”
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Company blog: blog.fcanorthamerica.com
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For more information, please visit the FCA US LLC media site at http://media.fcanorthamerica.com.