While more than 65 percent of CEOs agree their organisation fosters a culture of innovation and disruption, 40 percent are not adapting successfully, according to the Global Consumer Executive Top of Mind survey, No Normal is the New Normal: Make disruption work for your business, conducted by KPMG International and The Consumer Goods Forum (CGF). The results of the sixth annual survey reveal a consumer industry at the point of radical change and that CEOs need to make changes on a similar scale to stay competitive.
“Today’s consumer and retail market is beyond disruption – we are disrupted – and CEOs need to listen to the market, look outward and focus on changing their business,” said Willy Kruh, KPMG Global Chair, Consumer & Retail. “It’s an increasingly difficult tightrope to walk between dealing with both internal and external continuous disruption, but both are key to creating customer centric organisations. Those companies that cannot authentically connect to customers will get left behind”.
Survey results are being released today in conjunction with the annual CGF Global Summit taking place in Singapore from 12 – 15 June 2018.
The survey results suggest that in 2 short years, by 2020, the industry landscape could look very different:
New business models: CEOs agree the historical and current business models will not survive continuous disruption.
Fewer physical stores: North American respondents felt this change most keenly, with 37 percent agreeing that they will close stores in the next 2 years.
Increased sales through owned channels: In order to increase speed and efficiency, CEOs agree they will need to sell more product through their own distribution channels. This sentiment was shared equally by North American, European and Latin American respondents.
“One of the business model transformations we’re seeing is putting social purpose at the forefront of strategy,” says Peter Freedman, Managing Director, The Consumer Goods Forum. “Consumers, especially the millennials responsible for USD 2.75trn of consumer spending, want to know what a company stands for. Financial returns are no longer enough and consumers are choosing to put their money where there are environmental, social and community benefits”.
Looking to the leaders
How will CEOs prioritise changes to stay competitive? Leading digital organizations offer a blueprint for growth:
Prioritise operating efficiency: 76 percent of digital leaders agreed this was a focus for the next 2 years ahead of governance and control, people and culture, revenue growth and business transformation.
Create disruption: 88 percent of digital leaders agree that they lead their industry in disruption rather than watch it happen.
High risk tolerance: Only 17 percent of digital leaders believe innovation is being held back by an aversion to risk.
Double down on customer engagement: Nearly 80 percent of digital leaders will prioritise the customer in order to grow revenue.
The need for radical transformation is not unique to the consumer and retail industry, as evidenced by KPMG’s recent CEO Outlook which found that 71 percent of CEOs are prepared to lead their organisation through a radical transformation of its operating model.
“The recent KPMG CEO Outlook survey shows that 60-70 percent of CEOs believe the next 2 to 3 years are going to be more transformational than the last 50,” adds Kruh. “We are in the midst of three revolutions – geographic and geopolitical, demographic and technological – that are colliding with each other and turning the world upside down. And companies throughout the world are faced with a landscape that they’re not used to”.
Freedman added, “To succeed in a world of such intense disruption the survey also suggests we need to think about collaboration in new ways. That’s epitomised by the growth of platform companies of course. But in many other ways what used to be a competitive battleground may now provide scope for collaboration and companies that used to be your competitors may now be your potential partners”.
About the Global Consumer Executive Top of Mind survey
Now in its sixth year, this annual survey was conducted by telephone and online between March and April 2018. A total of 530 senior executives from companies headquartered in 28 countries participated in the survey. The respondents were senior executives at global companies from the food, drink or consumer goods, manufacturing and/or retail sectors, 87 percent of which had at least USD 500 million in annual revenues. The companies in the survey represent over USD 3.2trn in consumer sales.
About KPMG International
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 154 countries and territories and have 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
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: The Consumer Goods Forum
For further information, please contact:
Director, External Communications, Global Industries
The Consumer Goods Forum
Join the U.S. Chamber of Commerce Foundation for a forward-looking summit around the future of food. During the FOOD FORWARD summit, we'll explore the innovations and emerging technologies that are changing the future of food: autonomous tractors, ground-based sensors, flying drones, vertical farming, new trends in supply chains and infrastructure, and more. Learn more and register here: https://www.uschamberfoundation.org/event/food-forward
In 1983, after eight years of perseverance, Tim Leatherman created the world’s first multi-tool, and it became an icon. Over the last 35 years, Leatherman multi-tools have prepared people around the world to tackle challenges, and in some cases have even saved lives. Now, the creator of the original multi-tool wants to inspire and support the next generation of doers who may someday save the day and change the world.
Today, Leatherman is launching the Leatherman Grant Program. This inaugural program will donate $100,000 to support non-profit organizations that aim to inspire, prepare, and develop the next generation of problem solvers. The goal is to unleash the potential and fund the efforts of pioneering non-for-profit organizations who are solving problems to make the world a better place, just like Tim Leatherman did 35 years ago.
“It took eight long years and lots of perseverance to create a multi-tool I liked and finally, that the market liked too,” said Tim Leatherman, co-founder and chairman of the board. “We created this grant program to provide funds for fresh innovative ideas that have the potential to make a big impact. We hope we can enable someone to make their mark and make a difference.”
Grant applications will be accepted from June 12, 2018, until August 31, 2018. All 501(c)3 organizations or the global equivalent are eligible to apply for funding ranging from $5,000 to $15,000. A team of Leatherman employees including Tim Leatherman will choose 10 to 15 grantees. Grantees will be announced in October 2018.
For more information about the Leatherman Grant Program, visit www.leatherman.com/grants.
About Leatherman Tool Group, Inc.
Founded in 1983 by Tim Leatherman and Steve Berliner, Oregon-based Leatherman Tool Group is the world’s largest manufacturer of high quality multi-tools (Leatherman) and LED lights (Ledlenser), with more than 120 million tools and lights sold, and distribution in more than 86 countries. For more information visit www.leatherman.com, www.ledlenser.com, or find us on Facebook at /leatherman and /ledlenserusa.
Solidia Technologies® joined global industry leaders today at the International Energy Agency’s (IEA) Carbon Capture, Utilisation and Storage (CCUS) Policy and Investment Workshop for discussions on developing, funding, deploying and advancing worldwide adoption of CCUS technology.
Presenting during the workshop “What role can CCU play in CCUS deployment?” Solidia’s Director of Business Development Brian Leary shared “Making Sustainability Smart Business: Driving CO2 Demand by Creating Opportunity across a Value Chain.”
“Within five years, Solidia’s need for CO2 will more than double the existing CO2 market,” explained Leary. “Collaborating with global thought leaders through IEA, we hope to help develop a robust CCUS infrastructure, transforming a pollutant into a valuable commodity and advancing sustainable technologies.”
This week’s workshop followed the IEA World Energy Roundtable where Solidia CEO and President Tom Schuler spoke with leaders in industry and finance on the role of banking and commerce in advancing sustainable practices and innovations. "The shift from seeing sustainability as an opponent of profitability to seeing it as an asset is happening right now, and IEA is on the cutting edge of it," commented Schuler.
The annual IEA roundtable in March convened a select group of fifty energy, finance and industry experts to provide crucial insights for the production of IEA’s report, World Energy Investment 2018, as well as to inform broader IEA work on the interaction of investment, technology and policies. Today’s CCUS Policy and Investment Workshop brought together leaders in industry, government and finance to confer on opportunities to accelerate commercial deployment of CCUS worldwide as a key emissions mitigation technology.
“We have the potential to make a big impact on carbon issues. Cement and concrete is a big market where big change is needed and can be absorbed, and where there is the potential for tremendous societal benefit,” said Schuler. “We’re working with status quo markets — 200 years with no significant innovation…that’s a huge opportunity. To facilitate adoption of our technologies we need to create a CO2 pipeline. Support from institutions like IEA helps further that cause.”
Easy to adopt anywhere in the world, Solidia’s systems produce a sustainable cement and cure concrete with CO2 instead of water, while utilizing manufacturers’ existing infrastructure, raw materials, formulations, production methods and specifications. Stronger, more durable and higher performing than traditional concrete, Solidia Concrete™ products cost less to produce, reduce water and energy use, and cure in less than 24 hours.
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About Solidia Technologies®
Solidia Technologies® is a cement and concrete technology company that makes it easy and profitable to use CO2 to create superior and sustainable building materials. Based in Piscataway, N.J. (USA), Solidia’s investors include Kleiner Perkins Caufield & Byers, Bright Capital, BASF, BP, LafargeHolcim, Total Energy Ventures, Oil and Gas Climate Initiative (OGCI) Climate Investments, Air Liquide, Bill Joy and other private investors. Follow Solidia Technologies at www.solidiatech.com and on LinkedIn, YouTube and Twitter: @SolidiaCO2.
About International Energy Agency (IEA)
Founded in 1974, the IEA was initially designed to help countries co-ordinate a collective response to major disruptions in the supply of oil, such as the crisis of 1973/4. While this remains a key aspect of its work, the IEA has evolved and expanded significantly.
The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand side management and much more. Through its work, the IEA advocates policies that will enhance the reliability, affordability and sustainability of energy in its 30 member countries and beyond.
Today, the IEA is at the heart of global dialogue on energy, providing authoritative analysis through a wide range of publications, including the flagship World Energy Outlook and the IEA Market Reports; data and statistics, such as Key World Energy Statistics and the Monthly Oil Data Service; and a series of training and capacity building workshops, presentations, and resources.
Expectations have never been higher for women’s advancement in the workplace, and the Accounting and Financial Women’s Alliance Best CPA Firms for Women list and the Best Firms for Equity Leadership List, based on the 2018 Accounting MOVE Project report, recognizes and showcases the firms around the country who truly get it and work hard to ensure that the profession’s much-needed emphasis on diversity and inclusion also furthers momentum for women. This year, Raffa, P.C. was named #1 for Leadership Equity.
The accounting industry has lagged when it comes to advancing women to the highest levels of leadership, however, this has never been the case at Raffa. According to the latest Inside Public Accounting Survey and Analysis of Firms, Raffa is the only IPA 100 firm with more than 50% women owners, making it the largest women-owned CPA firm in the United States. Raffa is also the largest B –Corp certified CPA firm in the nation scoring in the top 10% of all B-certified organization in the world. Today, the firm leads the industry with 63.2% women partners and principals. Over 71% of Raffa’s entire staff are comprised of women. And the diversity extends well beyond this percentage to communities including people of color and LGBTQ. Over 33 different languages are spoken at Raffa.
The Accounting MOVE Project Best CPA Firms for Equity Leadership list recognizes firms with at least 33% women partners and principals, as 33% is widely recognized as the tipping point for members of any identity group to have individual impact. The Equity Leadership list recognizes firms that have achieve that milestone through any combination of culture, programs or initiatives.
“As with anything in business, we must evaluate, adapt, and evolve to ensure continued success. This holds true for women’s initiatives. This year’s Accounting MOVE Project demonstrates how far women have come in the industry, but also expresses the need to keep pushing forward,” said Cindy Stanley, executive director for the Accounting & Financial Women’s Alliance (AFWA). “Raffa stokes the momentum with integrated flexibility and development programs, including an option for staff to mentor rising women leaders in other countries.”
“It’s really in how we define shared success,” said Kathy Raffa, President of Raffa, P.C. “The 2018 Accounting MOVE Project found that women comprise 25% of the management committees at participating firms—a huge advance from the 19% reported in the 2014 report, however, overall, women remain only 24% of partners and principals at CPA firms. This is simply unacceptable to us and always has been.”
“Raffa creates a culture of diversity and inclusion throughout every level of the firm while providing flexibility and opportunities for personal growth. It is who we have been, who we are and will always be,” said Tom Raffa, CEO of Raffa. “We continually focus our efforts for all of our staff to find their own individual purpose at Raffa. In this way, our hope is they become better people, not just better accountants.”
Learn how Raffa does more for women in this video.
As a B-Corp certified, majority women-owned, national Top 100 professional services advisory firm to nonprofits and socially-responsible businesses Raffa provides a wide array of services and back-office solutions to support and strengthen every aspect of their clients’ operations from tax, audit, accounting and HR administration, to IT services, benefits, and wealth management. With a mission to serve as a catalyst for positive systemic change, Raffa is about the people they serve, the relationships they nurture, the individual and collective contributions of their staff, and the myriad of actions they take for the betterment of the community.
The Accounting & Financial Women’s Alliance (AFWA) promotes the professional growth of women in all facets of accounting and finance. Members increase their career potential by connecting with colleagues, receiving education and mentorship to advance their careers, and developing leadership skills. Members have the availability to tap into a network of successful, motivated, and influential professionals who understand the unique position of being a woman in the industry and who, together, contribute to the future development of their profession. Visit AFWA.org for more information.
For more information about the Accounting MOVE Project, please visit the Accounting MOVE Project web page.
Led Led by veteran business journalist Joanne Cleaver, strategic communication firm Wilson-Taylor Associates, Inc., has been designing and managing national research projects that measure the progress of women in the workplace since 1998. Its methodology pivots on factors proven to remove barriers so that women can fully participate in driving business results. For more information, please contact firstname.lastname@example.org.
Today, the nonprofit B Lab has recognized nearly 1,000 companies for creating extraordinary positive impact as businesses. The honoree selection is based on an independent, comprehensive assessment, the B Impact Assessment, which is administered by B Lab. Honorees are featured on B the Change, the digital Medium publication produced by B Lab, at bthechange.com/bestfortheworld.
Honoree companies earn placement on one or more of six possible Best For The World lists, which include businesses that earned scores in the top 10 percent of more than 2,500 Certified B Corporations across all categories on the B Impact Assessment. B Lab simultaneously released separate lists recognizing top-performing B Corporations as Best For The World: Overall, Best For The World: Environment, Best For The World: Customers, Best For The World: Governance, Best For The World: Community and Best For The World: Workers, all of which can be found at bthechange.com/bestfortheworld. This fall, B Lab will release further Best For The World lists honoring top-performing funds and companies making the most positive change over time.
The full B Impact Assessment evaluates a company’s environmental performance, employee relationships, diversity, involvement in the local community, the impact a company’s product or service has on those it serves, and more. Honorees scoring in the top 10 percent of all B Corporations set a gold standard for companies using business as a force for good. To certify as B Corporations, companies must complete the full assessment and have their answers verified by B Lab.
“With the rise of anger at a system that feels rigged, and distrust in business at at all time high, people are hungry for companies who are changing the system by building businesses that seek to create the greatest positive impact,” says Jay Coen Gilbert, managing partner of B Lab. “Best For The World is the only list of businesses that uses comprehensive, comparable, third-party-validated data about a company’s social and environmental performance. As consumers, talent and investors increasingly demand transparent, values-aligned businesses to buy from, work at and invest in, companies will need to not just be best in the world but the best for the world. Not just to be nice, but to be the most successful.”
Nearly 1,000 Certified B Corporations were named 2018 Best For The World honorees, including: Patagonia; King Arthur Flour Company; Green Mountain Power; and the United Kingdom’s Charity Bank. Fifty-two countries are represented, including Denmark, India, South Africa and Taiwan. The selection criteria for Best for The World honorees are available at https://bit.ly/2IgAzF5.
Today there are more than 2,500 Certified B Corporations across more than 150 industries and 50 countries, unified by one common goal: to redefine success in business. Any company can measure and manage social and environmental performance at http://bimpactassessment.net.
B Lab is a nonprofit organization that serves a global movement of people using business as a force for good™. Its vision is that one day all companies compete not only to be the best in the world, but the Best For The World® and as a result society will enjoy a more shared and durable prosperity.
B Lab drives this systemic change by: 1) Building a global community of Certified B Corporations who meet the highest standards of verified, overall social and environmental performance, public transparency, and legal accountability; 2) promoting innovative corporate structures like the benefit corporation to align the interests of business with those of society and to help high impact businesses be built to last; 3) helping tens of thousands of businesses, investors, and institutions measure what matters by using the B Impact Assessment and B Analytics to manage their impact with as much rigor as their profits.
For more information, visit http://www.bcorporation.net.
B the Change is a Medium publication produced by B Lab in collaboration with the community of Certified B Corps and the movement of people using business as a force for good.
B the Change exists to inform and inspire people who have a passion for using business as a force for good in the world. Because we believe that storytelling is an essential element in the transformation of business and society, we commit ourselves to telling the most compelling stories possible to the largest audiences possible to propel the movement of business toward its destiny as a powerful force for good. We want to dramatically broaden and deepen engagement with entrepreneurs, managers, employees, investors and citizens in one of the most important discussions of our time.
Read all B the Change stories at http://www.bthechange.com.
The Consumer Goods Forum (CGF) has today called on businesses around the world to play their part in the fight to end all forms of forced labour. Issued during the 2018 Global Forum on Responsible Business and Recruitment, the call to action was made alongside the International Labour Organization (ILO), the International Organization for Migration (IOM) and with the support of the Institute for Human Rights and Business (IHRB), and is a strong affirmation of CGF members’ commitment to strive to eradicate forced labour from global supply chains and continue not to tolerate forced labour within own operations.
The Global Forum on Responsible Business and Recruitment, co-hosted with IHRB, acted as the perfect platform to issue this call to action as key stakeholders gathered to discuss how best to galvanise efforts and drive real progress. The CGF has been working to help resolve this global problem since it launched its CEO-approved industry resolution on combatting forced labour in 2016.
It is now calling upon businesses to acknowledge the scale of the challenge and to accelerate action to eliminate forced labour, in alignment with the United Nations Guiding Principles on Business and Human Rights, the United Nations Sustainable Development Goals and other international frameworks. While governments are responsible for protecting human rights including ensuring that national laws and regulations protect against forced labour; business has a responsibility to respect human rights in its value chains and own operations and can play a key role in combatting forced labour.
Ambassador William Lacy Swing, Director General of IOM, the UN Migration Agency, said: “More and more companies across sectors and industries are coming together to join the fight against forced labour and unethical recruitment, and to establish stronger protections for migrant workers in supply chains. The UN Migration Agency stands ready to support these efforts and to work in partnership to promote practical, measurable improvements in the lives of migrants around the world”.
Business leaders have the opportunity to eradicate forced labour through the global mainstreaming of the CGF’s Priority Industry Principles on Forced Labour, which state:
every worker should have freedom of movement;
no worker should pay for a job; and
no worker should be indebted or coerced to work.
Businesses can also work toward the eradication of worker fees in the next ten years by implementing the Employer Pays Principle championed by the IHRB-led Leadership Group for Responsible Recruitment.
Grant Reid, CEO, Mars, Incorporated, said, “Two years ago, The Consumer Goods Forum issued our global resolution to fight forced labour. We remain steadfast in this commitment, and this is a call to action to accelerate the tangible steps we are taking as an industry, matching our commitment with concrete results and improvements in the lives of vulnerable people. We need to increase the pace of change on this critical issue”.
Making a stand together
Collaboration is crucial to accelerating action and driving positive change on this issue. The CGF call upon businesses to stand together in their commitment to combat the exploitation of human beings for the purposes of compulsory labour through the use of force or other forms of coercion, fraud or deception. Committing to work together with industry peers, and welcoming the efforts of institutions, organisations, and coalitions engaged in the fight against forced labour is vital. Businesses are asked to join forces with the ILO, IOM and IHRB, experts in the field of modern slavery, to put an end to these abhorrent crimes once and for all.
The International Tourism Partnership (ITP) today launched a set of Principles for the global hotel industry on forced labour and human trafficking to counter such practices in recruitment and employment globally. The ITP Principles on Forced Labour are derived from the CGF’s Priority Industry Principles and represent a solid example of cross-sectoral collaboration on this issue. The Board of the World Egg Organisation has also adopted the resolution on Forced Labour at their recent Business Conference in London in April.
Olaf Koch, Chairman of the Management Board, METRO AG and Co-Chair of CGF Board, said, “Forced labour is a complex issue that cannot be solved without cross-sectoral collaboration. We, at METRO AG encourage you to rise to the challenge, and stand united with us in the global fight against forced labour. We thank the leaders from our industry and global partners, ILO and IOM, for joining us on this collective journey”.
This 2018 Global Forum on Responsible Recruitment and Employment, organised by the CGF and IHRB, and in partnership with Humanity United, was held 11th-12th June at the Marina Bay Sands, Singapore. This event comes just ahead of tomorrow’s official launch of the CGF’s Global Summit, held at the same venue. The Global Summit brings together more than 1,000 CEO and c-suite executives from the CGF membership.
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.
Louise Chester, Communications Officer, The Consumer Goods Forum, email@example.com
Lee Green, Director of Communications, The Consumer Goods Forum
The Procter & Gamble Company (NYSE:PG) celebrates World Oceans Day and today reiterated its commitment to find solutions so that no P&G packaging finds its way to the world’s oceans. This builds on the Company’s leadership efforts in reducing its use of plastics in its packaging, increasing the amount of recycled plastic it is using and helping create the right infrastructures to enable recycling.
Currently, 86% of P&G’s packaging is recyclable, and the company has strong, ongoing efforts to further increase recyclability. It recently announced the creation of an innovative technology, that it has licensed to PureCycle Technologies, that can recycle polypropylene into nearly new condition which has the potential to revolutionize the plastics recycling industry. P&G’s new environmental goals, dubbed Ambition 2030, include two packaging goals - that 100% of packaging will be recyclable or reusable and that it will find solutions so no P&G packaging will find its way to the world’s oceans.
While at the Sustainable Brands Conference in Vancouver this week, the Company jointly hosted sessions with the Ocean Project and its Youth Advisory Committee (YAC) to get perspective from the next generation by posing the plastics challenge to local students. On Tuesday and Wednesday, the students conducted panel sessions moderated by Sustainable Brands leaders and then presented their recommendations on the final day of the conference.
“We know we can be a force for good and a force for growth. P&G brands serve 5 billion people and if we can help them reduce their plastic consumption just a little, that adds up to something big. We know there is a lot of work to be done, and we are working with the best in the industry to make sure that we find solutions that will help halt the flow of plastics into our oceans,” said Virginie Helias, Vice President, P&G Global Sustainability.
Partnership and collaboration make up the core of the P&G strategy as no one company can do it alone. P&G has partnered with the following organizations to reduce its plastic consumption and advance recycling:
The Ocean Project
Trash Free Seas Alliance®
The Closed Loop Fund
The Recycling Partnership
World Wildlife Fund (WWF)
“The Ocean Project is proud to have P&G as a corporate sponsor to help further our mission in engaging organizations and young people in solutions to help protect our shared ocean,” said Bill Mott, Executive Director of The Ocean Project. “We all need a healthy ocean to survive. World Oceans Day is an ideal time to come together and collaborate on ways to conserve and restore our vital resources by halting the flow of plastics into our oceans and waterways.”
About Procter & Gamble
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.
(GlobeNewswire) – Global impact firm Palladium, which manages large-scale government programs for the United States Agency for International Development (USAID), DFID and DFAT, has chosen a new Australian CEO to take over from Kim Bredhauer. Bredhauer has spent 36 years with Palladium and 18 as Group Managing Director and CEO, building the company into one of the world's largest programme managers and consultancies dedicated to linking social progress with commercial growth.
Following a five-year search, Palladium has appointed internal candidate Chris Hirst, head of Strategy and Corporate Development. He will officially take over the CEO role later this year (October).
Hirst's career at Palladium spans almost 20 years, working in senior positions in the United States, Australia, Zimbabwe, and the United Arab Emirates, which includes a five-year secondment as the CEO of Abu Dhabi Farmers' Services Centre. During his time there, he built up the number of staff from 60 to 2,000 employees in 20 offices, supporting 24,000 small farms and ensuring that the agriculture sector in the Emirate was commercially viable and sustainable.
As the new CEO of Palladium, Hirst will focus on empowering employees to improve efficiency in operations and delivery of "Positive Impact" sustainable solutions with both social and economic value in over 90 countries. Hirst will be responsible for implementing the strategy and delivering on the objectives and vision of the Board. Palladium's Board has six members, including Alonzo Fulgham, who was appointed Acting Administrator of USAID in 2009 and served as USAID's first Chief Operating Officer.
After 36 years of service, multiple acquisitions and significant impact across the globe, Kim Bredhauer has decided to shift his role. He started at Palladium as a recent graduate in 1982, working his way up to become Managing Director and CEO a role he's held since 2000. Beginning in October, he will continue to guide and oversee the company from his continuing role as Group Managing Director and beginning in January 2019, Executive Chairman designate.
Palladium has more than 2,500 staff operating in complex environments across the world to improve societies, communities, businesses and the lives of millions. Core tailor-made services include consulting, programme management, impact investing and capacity building in public and private sectors ranging from education and the environment to health and food security.
Chris Hirst, new CEO of global impact firm Palladium, said: "I'm extremely proud to have the opportunity to take over from Kim, who has been hugely successful in developing the company to what it is today. I'm passionate about social change, which is what my career has been about since the beginning, but I'm also drawn to the business side. The CEO role is the best place to be able to influence both of these.
"I have an intimate understanding of the company, where we've been and where we want to go. I've been in different roles team leader, project director, head of Strategy, seconded CEO and I'm familiar with everything from our markets to our internal culture. My ambition is to continue Palladium's growth, working with innovative partners to help improve economic and social welfare across the world."
Kim Bredhauer added: "This decision has been years in the making, following a robust internal and external search. Chris is a talented strategist with a deep commitment to Palladium's success. In addition to his strong business acumen, he is passionate about social change and making the world a better, more equitable place. Based on my own experience as CEO, I believe the role will require him to tap into both drivers, just as all good CEOs should.
"Our employees trust him, our clients trust him, and I trust him. From my new role on the Board, I'm looking forward to continuing our important work together."
Notes to Editor:
For Media enquiries and high resolution images, please contact:
Palladium is a global impact firm, working to link social progress and commercial growth. For the past 50 years, we've been helping our clients to see the world as interconnected by formulating strategies, building partnerships, and implementing programs that have a lasting social and financial impact. We simply call this "Positive Impact".
We work with corporations, governments, investors, communities, and civil society. With a global network operating in over 90 countries, Palladium is in the business of making the world a better place. www.thepalladiumgroup.com
Covestro LLC is celebrating World Oceans Day 2018 and reaffirming its commitment to United Nations Global Compact and the 17 U.N. Sustainable Development Goals (U.N. SDGs) by joining the newly launched Sustainable Ocean Business Action Platform.
Through the new ocean initiative, Covestro will work toward solutions that reduce and ultimately eliminate plastics in the world’s oceans, engaging thought leaders, businesses, non-governmental organizations, academia and other stakeholders in the conversation.
According to the U.N. Global Compact, “Long-term ocean well-being is vital to societal well-being. The world’s ocean is our greatest common resource with a great potential to create more sustainable food, energy, minerals and transport for a growing world population, and can accelerate work across all 17 Sustainable Development Goals.”
Covestro shares the U.N.’s passion for keeping the oceans clean. Through its support of Operation Clean Sweep, the company has taken a global pledge to reduce marine debris by helping to keep plastic resin pellets from entering the waterways and oceans. Operation Clean Sweep is a global stewardship program administered by plastic associations around the world, including the American Chemistry Council (ACC) and The Plastics Industry Association in the United States. Its mission is to protect the environment by achieving zero pellet loss through the proper containment, reclamation and/or disposal of resin pellets.
“The marine debris issue is a global challenge that affects all of us,” said Jerry MacCleary, chairman and CEO of Covestro LLC and chairman of the ACC’s Executive Committee. “The ACC has been actively engaged in this issue for some time, and we at Covestro will be working closely with the ACC, the U.N. and our industry colleagues to deliver solutions that keep debris out of our oceans.”
Covestro joins the new Sustainable Ocean Business Action Platform to 1) help define leadership in responsible business practices and focus on growth, innovation and sustainability and 2) mobilize the private sector to take tangible action, make investments and form partnerships, while at the same time explore how to best protect the health of the ocean.
Upon its establishment in 2015, Covestro, one of the world’s largest polymer companies, officially signed on to the U.N. Global Compact and committed to addressing the SDGs by aligning them to the company’s scientific R&D and embedding sustainability into its core business, innovation and social strategies.
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
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 FCA US LLC Mopar Parts Distribution Center (PDC) in Romulus, Michigan, has been honored with the prestigious Leadership in Energy and Environmental Design (LEED) Gold award for achieving excellence in green building standards. Administered by the United States Green Building Council, the PDC is the fourth FCA US facility to receive the elite designation.
The comprehensive LEED system defines, measures and validates green buildings. The Romulus PDC received the certification after meeting strict standards in five key areas: site planning, water management, energy, material use and indoor environmental quality.
“The certification of the Mopar Romulus PDC as LEED Gold is a great honor and one that reinforces the commitment to building green, environmentally-friendly facilities by FCA,” said Mark Bosanac, Director – Global Parts Supply Chain Management and Operations. “The Romulus facility is the latest in a number of positive environmental milestones we have realized throughout our NAFTA supply chain thanks to our focus on sustainability.”
The 500,000-square-foot PDC, opened in December 2017, is projected to ship an estimated 45 million pieces annually. The facility was designed to handle the fastest-moving parts in the Mopar distribution network while maintaining a sustainable, eco-friendly environment.
The design and construction of the building focused on reducing energy usage. Material used during construction included more than 200 insulated pre-cast panels, delivering an effective, energy-saving building envelope to maintain a consistent internal climate throughout the year. Additional energy savings were achieved via an engineered air exchange system that moves air throughout the warehouse, as well as by installation of smarter, more efficient LED motion-controlled lighting. Site planning for the facility incorporated 80 skylights to filter in natural light, decreasing energy consumption while enhancing indoor environmental quality for the more than 100 PDC employees.
Total energy reduction includes a 58 percent savings in electricity (kWh) consumption per square foot at the facility, in comparison to a traditional PDC, with natural gas (MMBtu) consumption savings of 69 percent. Energy savings in electricity and natural gas at the PDC are equivalent to the combined energy used to power nearly 500 residential homes per year.
Water usage at the PDC is optimized by using recycled storm water for landscaping irrigation. To help further reduce water consumption throughout the facility, drinking fountains are fitted with water bottle fillers and restroom facilities include low-flow plumbing fixtures.
Savings in water usage are 72 percent greater at Romulus compared to similar PDCs. Total water usage has been reduced by a million gallons per year compared to similar facilities — equivalent to the average water usage of nearly 100 residential homes per year.
The Romulus facility is part of the global Mopar PDC network, which features 23 PDCs in the U.S., and more than 50 PDCs worldwide.
During the brand’s 80-plus years, Mopar has introduced numerous industry-first features including:
Vehicle-information apps: first to introduce smartphone vehicle-information applications, a new channel of communication with consumers
wiADVISOR: first to incorporate a tablet-based service lane tool
Electronic Vehicle Tracking System (EVTS): first to market with a new interactive vehicle tracking device that sends owner a text when vehicle is driven too fast or too far based on pre-set parameters
Wi-Fi: first to offer customers the ability to make their vehicle a wireless hot spot
Electronic owner manuals: first to introduce traditional owner manuals on a smartphone app
Mopar (a simple contraction of the words MOtor and PARts) is the service, parts and customer-care brand for FCA vehicles around the globe. Born in 1937 as the name of a line of antifreeze products, the Mopar brand has evolved over more than 80 years to represent both complete care and authentic performance for owners and enthusiasts worldwide.
Mopar made its mark in the 1960s during the muscle-car era, with Mopar Performance Parts to enhance speed and handling for both road and racing use, and expanded to include technical service and customer support. Today, the Mopar brand’s global reach distributes more than 500,000 parts and accessories in over 150 markets around the world. With more than 50 parts distribution centers and 25 customer contact centers globally, Mopar integrates service, parts and customer-care operations in order to enhance customer and dealer support worldwide.
Mopar is the source for genuine parts and accessories for all FCA US LLC vehicle brands. Mopar parts are engineered together with the same teams that create factory-authorized specifications for FCA vehicles, offering a direct connection that no other aftermarket parts company can provide. Complete information on the Mopar brand is available at www.mopar.com.
For more information, please visit the FCA US LLC media site at http://media.fcanorthamerica.com
The Smithfield Foundation, the philanthropic arm of Smithfield Foods, Inc., recently announced a $25,000 donation to the Chesapeake Bay Foundation (CBF). The gift will support CBF’s environmental education programs in Virginia, providing opportunities for students and teachers throughout the state.
“Outdoor learning is an opportunity to forge a real connection to Virginia’s beautiful waterways,” said Deidra Floyd, CBF Director of Field Programs. “Studies have shown that environmental education improves academic performance, increases civic engagement, and instills a belief that individuals can make a difference.”
This donation will help CBF’s award-winning environmental education programs reach more than 13,000 teachers and students in 4th through 12th grade in Title 1 schools across the state. Programs include Field Experiences that take students outside to explore the Chesapeake Bay watershed and learn how they can take action to save and protect the Bay. It also funds Teacher Professional Learning programs that focus on methods to incorporate environmental education into the core subject areas of reading, math, science, and social studies.
Stewart Leeth, vice president of regulatory affairs and chief sustainability officer for Smithfield Foods and vice president of the Smithfield Foundation, presented the donation to CBF staff and students during an environmental education field experience at the Brock Environmental Center in Virginia Beach, Virginia.
“Smithfield is proud to provide students and teachers with the tools they need to learn about the Chesapeake Bay watershed and the importance of conservation,” said Leeth. “As a company, Smithfield is passionate about educating our youth and protecting our natural environment. This partnership with the Chesapeake Bay Foundation is an incredible opportunity to help inspire the next generation of environmental stewards.”
This donation aligns with Smithfield’s efforts to support the vitality of local communities through education, and with the company’s continued environmental efforts and initiatives. Smithfield’s industry-leading sustainability program is focused on five pillars: animal care, environment, food safety and quality, helping communities, and people.
To read more about these efforts, please visit smithfieldfoods.com/2017report.
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.
(GlobeNewswire) - Tarkett, a worldwide leader in innovative and sustainable flooring and sports surface solutions, demonstrates its strategic vision of sustainable development through the release of its Activity & Sustainability brochure and its Corporate Social & Environmental Responsibility report, audited by a third-party.
"At Tarkett, we believe in a future for all, where people and the planet prosper in balance" said Glen Morrison, CEO of Tarkett. "We are actively working with all stakeholders to meet the world's future challenges. This is the essence of our 'Doing Good. Together' philosophy, which guides our day-to-day choices and decisions, and transforms our commitment into practical actions. We are connecting our sustainability commitment with what our customers value and what our world needs: developing the circular economy to responsibly steward resources; combating global warming; and contributing to indoor air quality and well-being through our products, as well as supporting local communities as a responsible partner."
The recent publications share specific progress made in Tarkett's sustainability focus areas, illustrating how the Group has not only reduced its environmental footprint but also contributed positively to global societal challenges, inspired by the United Nations' Sustainable Development Goals (SDGs).
Tarkett tracks social and environmental indicators, committing all teams to reach ambitious 2020 objectives:
Select good materials and design products respecting people's health and the environment
96% of raw materials are assessed by a third party organization, based on their impact on health and the environment, according to Cradle to Cradle® criteria. 2020 objective is to reach 100%.
96% of flooring products have low level emissions of volatile organic compounds (VOC) for improved indoor air quality. 2020 objective is to reach 100%.
100% of vinyl production sites in Europe, North America and China are using non-phthalate technology.
Preserve resources through circular economy:
71% of materials used by Tarkett do not contribute to resource scarcity. Priority is given to raw materials sourced from abundant raw materials (for example calcium carbonate), rapidly renewable materials (such as wood or cork) and recycled materials.
160,000 tons of recycled materials are used as raw materials, which represents 12% of the volume of purchased raw materials.
99,000 tons of flooring were collected from 2010 to 2017 through ReStart®, Tarkett's flooring collection program in Europe and North-America. In France and in Germany, we partner with Veolia to offer a take-back service to our customers, collecting and sorting post-installation flooring off-cuts to be recycled at our production sites in Europe.
Combat climate change:
Tarkett's greenhouse gas emissions (per square meter of manufactured product kgCO2 e/m²) were reduced by 9% in 2017 versus 2010. More than 28% of the energy Tarkett consumes comes from renewable sources, such as biomass, geothermal, solar or purchased "green" electricity. Seven production sites buy 100% renewable electricity, among them all facilities based in Ohio (USA).
Support local communities:
Through "Tarkett Cares" program, the Group encourages all employees to spend up to two days a year of their work time on a charitable initiative and to share their time and expertise on a volunteer basis. 1,400 employees were involved in 140 different initiatives.
Tarkett's "Doing Good. Together." philosophy is incorporated in our products and activities, illustrating how we design for life our solutions, following Cradle to Cradle® principles and how we are closing the loop, thus contributing to a collaborative circular economy:
Calcium carbonate from a Dutch drinking water distribution company is used to manufacture backings for C2C Gold certified Desso EcoBase® carpet tiles.
A partnership with an Italian nylon company is used to source yarn made from discarded fishing nets for Desso carpet tiles.
Medicine blister packaging and post-used mobile cards are transformed into raw materials for vinyl flooring in Brazil.
Recycled PVB from end-of-life windshields and safety glasses are used to manufacture Tandus ethos® carpet backing in the USA.
Launching this year at NeoCon in Chicago (11-13 June 2018), the new rubber tile "Pentagonals" and the modular carpet "Tailored Twist Collection" are both certified Cradle to Cradle® and Living Product Challenge (LPC). In North America, Tarkett is the first flooring manufacturer to achieve an LPC certification for both resilient and soft surface flooring products.
Linoleum collection Originale, produced in Narni, Italy, is the first certified Cradle to Cradle® Gold linoleum collection. This product is made of 100% natural and renewable raw materials, such as linseed oil, rosin, cork, wood flour, natural pigments and jute.
Cradle to Cradle® Gold certified iQ One is a new generation of polymer based flooring that is well suited for healthcare spaces. It is 100% recyclable, contains no plasticizers at all and has very low VOC emissions.
To manufacture sustainable parquet allowing to preserve natural resources, we have established with our suppliers responsible sourcing programs through certified wood partnerships. Certifications such as FSC® (Forest Stewardship Council®) and PEFC(TM) (Program for the Endorsement of Forest Certification) guarantee both sustainable management of forests and respect of human rights.
Tarkett continues to promote dialogue and collaboration with all stakeholders, through conferences e.g. on Cradle to Cradle® principles, by contributing to the World Economic Forum, as member of "Circular Economy 100" initiative of the Ellen MacArthur Foundation, by joining the Alliance of CEO Climate Leaders since COP 21 in 2015 and by adopting the 10 principles of UN Global Compact since 2011.
With net sales of more than €2.8 billion in 2017, Tarkett is a worldwide leader of innovative flooring and sports surface solutions. Offering a wide range of products including vinyl, linoleum, carpet, rubber, wood, laminate, synthetic turf and athletic tracks, the Group serves customers in more than 100 countries worldwide through its major brands: Tarkett, Desso, Johnsonite, Tandus Centiva, Tarkett Sports, FieldTurf and Beynon. With approximately 13,000 employees and 34 industrial sites, Tarkett sells 1.3 million square meters of flooring every day, for hospitals, schools, housing, hotels, offices, stores and sports fields. Committed to "Doing Good. Together", the Group has implemented an eco-innovation strategy based on Cradle to Cradle® principles and promotes circular economy, with the ultimate goal of contributing to people's health and wellbeing, and preserving the natural capital. Tarkett is listed on Euronext Paris (compartment A, ISIN: FR0004188670, ticker TKTT) and is included in the following indices: SBF 120, CAC Mid 60. www.tarkett.com.
Tarkett Investor Relations Contact
Tarkett Alexandra Baubigeat Boucheron firstname.lastname@example.org
 Total volatile organic compounds < 100 ug / m3 (% of m2 produced, flooring only). VOC levels are 10 to 100 times lower than the strictest standards.
 Except recycled content for certain products. In this context, Europe is equivalent to Tarkett EMEA division.
 Pentagonals is C2C Bronze certified and Tailored Twist is C2C Silver certified when placed on ethos® with Omnicoat Technology(TM) backing.
Russian miner Nornickel temporarily suspended its production activities for World Environment Day in an effort to reduce its environmental footprint. The company’s main facilities – the Polar Division and the Kola MMC – halted their production operations for an hour on Wednesday. Norilsk decided to conduct this ecological campaign in advance. On 3 June, the Nadezhda smelter turned off its furnaces for 60 minutes, reducing the facilities’ emissions by 105 cubic metres and its oxygen consumption by 21,700 cubic metres. Nornickel’s copper plant and cement plant also partook in the campaign.
The Kola MMC put its production on hold on World Environment Day, which is celebrated on 5 June. The company turned off its melting and convertor compartments in Monchegorsk, as well as three thermal furnaces and two melting shop convertors in the town of Nickel. The time off was used for maintenance and will have no impact on the company’s output plan.
Nornickel considers increasing the ecological efficiency of its facilities a top priority. In 2013, the company launched a $20 billion modernisation programme which should, among other improvements, help reduce the miner’s negative impact on the environment. For the past five years, Nornickel has expanded its Sulfur Project, which will reduce sulfur emissions in the Norilsk area by 75% by 2022 and is due to be launched in the company’s Polar Division.
In the short-term, Nornickel will implement two principal environmental projects in the Kola Peninsula. The company will use reduced impact electrowinning for nickel production and will convert its smelters and concentrators to high-grade concentrate processing centres. The latter technology will help reduce sulfur emissions in Nickel by 50 percent compared to 2015 levels.
Established by the UN General Assembly in 1972 on the first day of the Stockholm Conference on the Human Environment, World Environment Day takes place annually on 5 June. The holiday has grown to become a global platform for public environmental outreach and sees an annual participation of over 140 countries.