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Businesses Commit to Act Fairly and Sustainably – and Hard Work Starts Now

Thu, 08/22/2019 - 1:27pm

A welcome development this week was the declaration from 181 chief executives of US companies to operate in a way that values and recognizes all their stakeholders. 

The signatories to the Statement on the Purpose of a Corporation, organized by Business Roundtable, includes commitments to:

  • Respect communities and the environment by embracing sustainable business practices;
  • Deal with suppliers and partners fairly and ethically;
  • Invest in their employees, fostering diversity and inclusion;
  • Demonstrate transparency and effective stakeholder engagement.

And these are not a fringe group of eco-minded companies. Leading global businesses and household names from across many sectors have signed up. To single out just a few, they include the chiefs of Apple, Amazon, BP, Bank of America, Coca-Cola, Ford, Johnson & Johnson, PwC, Walmart and Visa.

While this appears to be a tipping point, it has been building for a long time. Before joining GRI, I had worked for three American companies (one on this list) that all provide their sustainability results each year – two of them for more than 20 years. In today’s world companies understand that the profit motive cannot subsume their commitment to people and the planet – and this week’s declaration codifies this reality.

While this is a welcome declaration, some have said it is commitment without teeth because there are no detailed goals. This is true, but scratch the surface and you will discover that most of the 181 signatories publish annual ‘sustainability reports’ that detail their progress and set out the goals that are pertinent to their business. And the majority of these reports are based on the GRI Standards

The declaration is a public statement about how these companies have acted for years, and in some cases, decades. So, the real question is, what will change? 

One answer is the hope that their example catches on and other companies will assess their impacts and report on their improvements.  But this is not enough. The problems faced by the world – from accelerating climate change to mass extinctions – cannot wait for more businesses to voluntarily join these leaders. 

Last month I testified before the United States House Finance Committee on the need to require publicly traded US companies to disclose their ‘environmental, social and governance’ (ESG) information. Corporate ESG data is not only critical for addressing sustainability challenges, it is increasingly relied on by investors and capital markets around the world. 

This declaration makes it clear that leading companies recognize their obligation to communities and groups in addition to their core shareholders. With this as the foundation, it’s time to turn the rhetoric into reality. Beyond the leaders on this list, we need all companies to disclose their impacts and the measures they are taking to improve the world around them. And to do that, we need a global common language – as provided by the GRI Standards. 

The GRI Standards are already the most widely adopted by companies around the world and are referenced or required in 139 ESG disclosure policies in 61 countries. More than 60 of those policies are capital market disclosure requirements in 45 countries.  

It’s time to take the next step. It’s time to do the hard work. The 181 businesses on this list and the thousands of other responsible corporate leaders must come together to help level the playing field. To support mandatory ESG disclosure based on global, independent, multi-stakeholder standards. This will help other companies learn what they these firms have already learned: that being a good corporate citizen is good business. 

I applaud these CEOs for taking this important step. The hard work to make good on those promises, however, has only just begun.

The Allstate Foundation and Serena Williams Shine a Spotlight on a Dangerous and Often Overlooked Form of Domestic Violence

Thu, 08/22/2019 - 1:27pm

 The signs of financial abuse are often invisible, from extreme restrictions on spending to blocked access to bank accounts or ruined credit. Nearly 50% of Americans are unaware that financial abuse is a form of domestic violence, and nearly one-third find the topic of domestic violence taboo – up 10% since 2014 – according to a 2018 national survey[1] by The Allstate Foundation. To raise awareness of this often hidden form of domestic violence and open a national conversation on recognizing the signs of financial abuse, The Allstate Foundation today debuted a public service announcement titled “Signs” that features tennis champion, philanthropist and Allstate Foundation Purple Purse ambassador Serena Williams.

Domestic violence affects one in four women in America, and even though financial abuse is present in 99% of domestic violence situations, it’s seldom discussed and commonly misunderstood. “Signs” is the first initiative under The Allstate Foundation’s new campaign platform – “Know Financial Abuse. No Domestic Violence.” – aimed at spurring public action on this pervasive issue.

“I am a longtime champion of standing up for what you believe in, and I am proud to use my voice for anyone who can't use theirs," said Williams. "I hope this piece helps put a spotlight on the hidden signs of financial abuse, sparks meaningful conversations with loved ones and creates an understanding that we need to be advocates and allies for those around us.”

In the PSA, Williams navigates a maze-like setting riddled with some of the most common signs of financial abuse victims face in their daily lives. The film ends with a rallying cry, encouraging the public to recognize the signs of financial abuse and start a national dialogue to help the millions who are trapped in abusive relationships find freedom.

“Not all abuse is visible. Unlike the marks and bruises of physical violence, the signs of financial abuse can be difficult to see – even for victims experiencing it,” said Ellen Lisak, Allstate Foundation senior program officer. “With the help of Serena and our advocates across the country, we hope to raise awareness of the issue of financial abuse, remove the stigma and begin a much-needed dialogue.”

The Allstate Foundation and Williams urge everyone to do their part to empower victims to break free and remain free from abuse by learning the signs of financial abuse and having conversations around the topic if they suspect they know someone who needs help. Since 2005, The Allstate Foundation has invested more than $66 million to help empower more than 1.7 million survivors on the path to safety and security.

If you or someone you know is in a domestic violence situation, call the National Domestic Violence Hotline at 800-799-SAFE (7233) or TTY 800-787-3224.

Purple Purse is a signature program of The Allstate Foundation, which is an independent charitable organization made possible by subsidiaries of The Allstate Corporation. The Allstate Foundation works to create more prosperous communities where people are inspired and empowered to fulfill their hopes and dreams by breaking the cycle of domestic violence, inspiring the next generation of leaders, closing the nonprofit leadership gap and honoring Allstate volunteers. For updates on The Allstate Foundation’s initiatives, follow The Allstate Foundation on FacebookTwitter and Instagram. More information on The Allstate Foundation is available at AllstateFoundation.org.

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[1] The Allstate Foundation Domestic Violence and Financial Abuse survey was conducted online February 9-17, 2018, by GfK among 1,840 American adults over age 18. It was a nationally representative sample of 1,052, with demographic oversamples (age 22-37), as well as residents of Florida, Illinois, New York and Texas. The margin of error for the total sample is +/- 2.6 percentage points at the 95% confidence interval. The survey was offered in both English and Spanish.

Carnival Corporation Wins Neptune Award as Greenest Shipowner of the Year

Wed, 08/21/2019 - 7:26pm

 Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, recently announced it has been honored by maritime industry peers with the Greenest Shipowner of the Year Neptune Award, which recognizes a company that has shown excellence in reducing environmental impact in the operation of its fleet in the past year.

The award was presented at February's GreenTech in Shipping Global Forum in Hamburg, Germany. Winners were chosen by executives from ship owners, ports and marine technology companies who had gathered to share best practices and cutting-edge technologies to enable continued reductions in the environmental impacts of shipping.

"We are grateful and humbled to be recognized for our commitment to sustainability," said Roger Frizzell, chief communications officer for Carnival Corporation. "From the very beginning, we have made the environment one of our most important priorities, as our very existence is tied to protecting the oceans, seas and communities in which we operate. With more than 120,000 employees, most of whom live and work at sea, our commitment to protecting and maintaining healthy oceans, seas and local communities is not just an operating necessity."

Added Frizzell: "We have been an early mover in the development and installation of Advanced Air Quality Systems, liquefied natural gas (LNG) and shore power operations, as well as other innovative advancements, and this award helps validate the success of our efforts."

Carnival Corporation is a recognized environmental leader in developing innovative solutions for sustainability. Its ongoing programs continue to underscore the company's commitment to sustainability and environmental responsibility, as outlined in its 2020 sustainability goals. In 2018, the company announced it achieved its 25 percent carbon reduction goal three years ahead of schedule, and is on track with its nine other 2020 sustainability targets for reducing its environmental footprint, while enhancing the health, safety and security of its guests and crew members, and ensuring sustainable business practices among its nine brands, business partners and suppliers.

As part of its focus on sustainable operations, Carnival Corporation has installed Advanced Air Quality Systems on more than 70 ships in its fleet, and expects 85 percent of its global fleet to be installed with the technology by 2020, enabling cleaner air emissions from ships that positively impact the environment. The company also leads the industry with the adoption of LNG, the world's cleanest burning fossil fuel, with a total of 11 next-generation "green" cruise ships able to be powered by LNG in port and at sea, including the world's first ship of this kind – AIDAnova – which was delivered in December 2018.

In addition, over 40 percent of the company's fleet has "cold ironing" capabilities, enabling ships to use shoreside electric power where available while in port. The company has also implemented broad initiatives to optimize onboard energy usage and innovative hull designs and coatings to reduce fuel consumption by minimizing frictional drag.

Innovative Solutions to Enhance Environmental Performance
The company was recognized with the Neptune Award for its longtime dedication to sustainability, including pioneering the environmental technology breakthrough of making its Advanced Air Quality Systems highly functional in the small confines of a cruise ship. Advanced Air Quality Systems, commonly referred to as "scrubbers," have been used for decades on land as a proven and effective way to significantly reduce sulfur oxide (SOx) and particulate matter produced by an engine's operation.

new study that includes a third-party analysis by DNV GL, a leading classification society and recognized advisor for the maritime industry, shows that the company's Advanced Air Quality Systems are a safe and effective means for compliance with the International Maritime Organization's (IMO) 2020 requirements, which include regulations for cleaner air emissions and strict wash-water quality standards.

Advanced Air Quality Systems are a key component of Carnival Corporation's 2020 sustainability goals, first outlined in 2015 and updated in summer 2018. Coupled with other complementary technologies with ecological advantages, including launching the world's first-ever cruise ships powered in port or at sea by LNG and promoting the use of shore power, Advanced Air Quality Systems will help the company meet its own aggressive sustainability goals and all applicable regulations for the over 700 ports Carnival Corporation ships visit each year.

The Neptune Awards were presented during the GreenTech in Shipping Global Forum, which provides an opportunity for all stakeholders in the sector to meet and discuss the industry outlook, look for ways to cooperate and find solutions to urgent issues, as well as exchange best practices. Carnival Corporation representatives who spoke at the global maritime forum included Franco Porcellacchia, vice president of Carnival Corporation, and Monika Griefahn, senior advisor of sustainability for Costa Cruises, the Italian brand of Carnival Corporation. In addition to the corporation's Neptune Award, Carnival Corporation's Senior Vice President of Maritime Affairs Tom Strang was a finalist for Most Devoted Sustainability Promoter of the Year.

About 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 nine of the world's leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.

Together, the corporation's cruise lines operate 105 ships with 245,000 lower berths visiting over 700 ports around the world, with 19 new ships scheduled to be delivered through 2025. 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 group in the world to be included in both the S&P 500 and the FTSE 100 indices.

With a long history of innovation and providing guests with extraordinary vacation experiences, Carnival Corporation has received thousands of industry awards – including recognition by the Consumer Technology Association™ as a CES® 2019 Innovation Awards Honoree for OceanMedallion™. A revolutionary wearable device that contains a proprietary blend of communication technologies, OceanMedallion enables the world's first interactive guest experience platform transforming vacation travel on a large scale into a highly personalized level of customized service. The prestigious CES Innovation Awards honor outstanding design and engineering in consumer technology products.

Additional information can be found on www.carnival.comwww.princess.comwww.hollandamerica.comwww.seabourn.comwww.pocruises.com.auwww.costacruise.comwww.aida.dewww.pocruises.com, and www.cunard.com

Roger Frizzell, Carnival Corporation, rfrizzell@carnival.com, (305) 406-7862Mike Flanagan, LDWW, mike@ldwwgroup.com, (727) 452-4538

RESOURCES Carnival Corporation CONTACT Chris Cradduck +1 (214) 893-9119 chris@ldwwgroup.com

Arrow Electronics in Asia Pacific Hosts Family Day to Foster Community Involvement

Wed, 08/21/2019 - 7:26pm

Arrow Electronics hosted a Family Day at its Hong Kong headquarters to raise awareness about local nonprofits and cultivate community involvement. The Hong Kong Association of the Deaf, the Deaf Café and The Life Workshop participated in the event, which drew a record 220 employees, their family member and other guests.

Attendees participated in a range of activities to encourage inclusiveness. Members of the Hong Kong Association of the Deaf, a provider of comprehensive social welfare, medical and educational services to deaf people, taught Arrow employees and their children sign language and also toured the Arrow Open Lab at Hong Kong Science Park. 

The event also included an art workshop for children of Arrow employees and youth members of the HK Association of the Deaf led by an illustrator and author with REStore EXPO, a program of The Life Workshop. Deaf Café, a social enterprise that provides multiple employment opportunities for the hearing impaired, provided catering and lunch service.
Family members of Arrow employees also served as volunteers for the event. Arrow employees from around the world regularly work with local nonprofits, extending the company’s collaborative and innovative culture into the broader communities where they live and work. In 2018, Arrow employees logged nearly 6,000 volunteer hours.

Learn more about Arrow’s Corporate Social Responsibility program by visiting www.arrow.com/en/about-arrow/corporate-social-responsibility

About Arrow Electronics

Arrow Electronics (NYSE:ARW) guides innovation forward for over 200,000 leading technology manufacturers and service providers. With 2018 sales of $30 billion, Arrow develops technology solutions that improve business and daily life. Learn more at FiveYearsOut.com.

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Bridgestone Partners With Seven Inspiring U.S. Olympic and Paralympic Athletes on the Road to Tokyo 2020

Wed, 08/21/2019 - 7:26pm

Bridgestone Americas, Inc. (Bridgestone), a subsidiary of the world’s largest tire and rubber company and a Worldwide Olympic and Paralympic Partner, today announced its support for a group of seven Team USA Olympians and Paralympians on the road to the Olympic and Paralympic Games Tokyo 2020.

Scout Bassett (Para track and field), Jordan Burroughs (wrestling), Allyson Felix (track and field), Missy Franklin (swimming), Will Groulx (Para-cycling), Jessica Long (Para swimming), and Ryan Murphy (swimming) have joined Team Bridgestone to serve as athlete ambassadors for the upcoming Olympic and Paralympic Games, which will be held in the company’s global hometown. With a combined 48 Olympic and Paralympic medals, this accomplished group has demonstrated the ability to deliver clutch performance in the biggest moments and inspire others through their passion and perseverance.

“Bridgestone is committed to improving the way people move, live, work, and play, and these efforts are reflected in our support of the Olympic and Paralympic movements and their world-class athletes,” said Gordon Knapp, CEO and President, Bridgestone Americas. “While our new Team Bridgestone ambassadors certainly have an impressive list of athletic accomplishments, we are most excited to celebrate the personal journeys behind their achievements. These remarkable individuals have unique experiences to share that can help motivate people of all backgrounds and abilities to overcome obstacles and chase their dreams.”

Bridgestone is a proud partner of the U.S. Olympic Committee and U.S. Paralympics through 2024, and Tokyo 2020 marks the third straight Olympic and Paralympic Games that the company has worked with a roster of Team USA athletes.

Team Bridgestone athlete ambassadors are selected based on criteria related to the company’s core values, their personal stories, performance attributes, and community involvement. Each athlete will receive financial support and access to cutting-edge Bridgestone products and technologies. They also will participate in community, customer and employee activities before, during and after the Olympic and Paralympic Games Tokyo 2020.

These seven athletes join a global Team Bridgestone roster that includes more than 50 ambassadors across 14 different countries.

Meet Team Bridgestone USA

Scout Bassett lost her right leg in a chemical fire as an infant, then was abandoned and subsequently spent seven years in a government-run orphanage in Nanjing, China. In 1995, she was adopted by an American couple from Michigan and tried a variety of sports to connect with her peers while still learning the English language. At 14, the Challenged Athletes Foundation (CAF) awarded Bassett a grant to fund her training as a runner. She competed collegiately for University of California, Los Angeles (UCLA), where she graduated in 2011 with degrees in Sociology and Anthropology. Now a rising star in Para track and field, Bassett is a three-time U.S. national champion in the 100-meter event and a world championship bronze medalist in both the 100-meters and the long jump. She competed at the Paralympic Games Rio 2016, placing fifth in the 100-meter event and tenth in the long jump. The 30-year-old is passionate about helping impaired athletes chase their dreams, and now serves as a motivational speaker and spokesperson for CAF.

Jordan Burroughs began wrestling as a five-year-old, the first person in his family to take up the sport. He won his first national championship as a senior in high school, then became a two-time undefeated Division I national champion and a three-time All-American in college for the University of Nebraska. He jumped straight into the international wrestling scene after graduating with a degree in Sociology, winning the U.S. Open at 74 kilograms just three weeks after his final college match. He won his first world championship at 74 kilograms in 2011, becoming just the fourth wrestler ever to win a NCAA championship and world championship in the same year. Burroughs won gold at 74 kilos at the Olympic Games London 2012 and has since added three more world championships. Despite failing to medal in a disappointing performance at the Olympic Games Rio 2016, Burroughs’ candor after elimination was a source of inspiration for his fellow athletes and Olympic fans alike. Fresh off his third Pan Am Championships title, the 30-year-old is motivated to make his third-straight Olympic appearance in Tokyo. He lives and trains in Lincoln, Nebraska with his wife and two children.

Allyson Felix didn’t begin competing in track and field until high school, late by most sporting standards. Today, she is the most decorated athlete in track and field history and a four-time Olympian (2004, 2008, 2012, 2016) for Team USA. Over the course of her storied career, Felix has won nine Olympic medals (six gold, three silver), 16 world championship titles, and still holds a world record as a member of the U.S. 4x100-meter relay team at the Olympic Games London 2012. While she has competed in the 100-meter, 200-meter, 400-meter, and the 100- and 400-meter relay events, she now focuses on the 400-meter and team relays. Felix pursues her passion with determination both on and off the track, and has said her work with children is just as important as her athletic accomplishments. The 33-year-old currently serves as a board member for Right to Play, which raises awareness for underserved children in developing regions. Felix and her husband welcomed their first child – a daughter – in November 2018, giving her new motivation as she returns to training for Tokyo 2020.

Missy Franklin is an U.S. swimming legend and a six-time Olympic medalist. She began swimming at age 2 and competed in her first international event at 14. Franklin became a household name as a 17-year-old at the Olympic Games London 2012 when she won five medals (four gold, one bronze) and broke the world record in the 200-meter backstroke. In her two years of college competition at UC Berkeley before turning pro, Franklin won four individual NCAA titles and helped the school win the 2015 NCAA Women’s Division I Swimming and Diving Team Championship. She also was named the 2015 Collegiate Woman of the Year and won the Honda Cup as the top female athlete across all collegiate sports. Franklin made her second U.S. Olympic Team in Rio 2016, where she earned her fifth career gold medal as part of the 4x200m free relay team. She retired from competitive swimming in December 2018 due to chronic shoulder issues. Today, the 24-year-old is working to complete her bachelor’s degree at the University of Georgia while continuing to champion her sport through speaking engagements and her work with various foundations.

Will Groulx is a four-time Paralympian and six-time Paralympic medalist. He won two bronze medals and one gold while competing for Team USA in wheelchair rugby at the 2004, 2008 and 2012 Paralympic Games before transitioning to Para-cycling in 2013. Groulx adapted quickly to his new sport, qualifying for the Paralympic Games Rio 2016 where he earned three medals (one gold, two silver). Groulx proudly served in the United States Navy before sustaining a spinal cord injury during a motorcycle accident. It was while recovering in a VA spinal cord injury unit that he read about the Paralympic Games and vowed to one day compete himself. Groulx is now training for Tokyo 2020, which would mark his fifth-straight Paralympic Games. The 45-year-old Tennessee-native now lives in Portland, Ore. with his wife and two children. He was also a member of Team Bridgestone for the Paralympic Games Rio 2016.

Jessica Long was inspiring people around the world even before she became the second-most decorated Paralympian in U.S. history with 23 Paralympic medals. Long grew up in Baltimore, Md., but is originally from Siberia, where she was adopted from a Russian orphanage at 13 months old. Born with fibular hemimelia, she was missing the fibulas, ankles, heels, and most of the other bones in her feet. At 18 months old, her legs were amputated below the knees so she could be fitted for prosthetic legs and learn to walk. Long fell in love with swimming in her grandparents’ backyard pool and joined her first competitive swim team at the age of 10. Just two years later, she competed in the Paralympic Games Athens 2004 as the youngest athlete on Team USA. Now 27 years old, she has collected 13 Paralympic gold medals, 31 world titles, and multiple world records. Long has inspired others to chase their dreams throughout her career, and she has found a new sense of purpose through giving back to the sports community, advocating for the Paralympic Games and Para-athletes, and showing young girls they are valuable and strong. She continues to train in Baltimore with eyes on a fifth-straight Paralympic appearance at Tokyo 2020.

Ryan Murphy started breaking records as soon as he started swimming and has quickly emerged as one of the biggest stars in the sport. He set numerous American and NCAA records while at the University of California, Berkeley, where he won both the 100-meter and 200-meter backstroke events at the NCAA Championships for four straight years, and today is the current World Record holder in the 100-meter backstroke. Murphy won three golds in his Olympic debut at the Rio 2016, sweeping the backstroke events and helping the U.S. win gold in the 4x100m medley relay. He turned pro in 2017 and has quickly emerged as one of the most dominant swimmers in the world. The 23-year-old swept the backstroke events at the 2018 Pan Pacific Swimming Championships, won six medals (three gold and three silver) at the 2018 Swimming World Championships in Hangzhou, China, and was named the 2018 Male Athlete of the Year by USA Swimming at its annual Golden Goggle Awards. A native of Jacksonville, Fla., Murphy lives in Oakland, Calif. and is currently training to make his second-straight Olympic appearance in Tokyo where he can become the first American to sweep the backstroke events at two different Olympic Games.

About Bridgestone Americas, Inc.

Nashville, Tennessee-based Bridgestone Americas, Inc. (BSAM) is the U.S. subsidiary of Bridgestone Corporation, the world’s largest tire and rubber company. BSAM and its subsidiaries develop, manufacture and market a wide range of Bridgestone, Firestone and associate brand tires to address the needs of a broad range of customers, including consumers, automotive and commercial vehicle original equipment manufacturers, and those in the agricultural, forestry and mining industries. The companies are also engaged in retreading operations throughout the Western Hemisphere and produce air springs, roofing materials, and industrial fibers and textiles. The BSAM family of companies also operates the world’s largest chain of automotive tire and service centers. Guided by its global corporate social responsibility commitment, Our Way to Serve, the company is dedicated to improving the way people live, work, move and play in all of the communities it calls home.

About Bridgestone Corporation’s Worldwide Olympic and Paralympic Partnerships:

Bridgestone Corporation, the world’s largest tire and rubber company, proudly became a Worldwide Olympic Partner in 2014 and a Worldwide Paralympic Partner in 2018. These long-term agreements extend through 2024 and include support for the Olympic and Paralympic Games Tokyo 2020, Beijing 2022 and Paris 2024. The company is dedicated to delivering products, services and solutions that improve the way people move, live, work and play, and its commitment to the Olympic Movement and Paralympic Movement continues a history of sport and innovation dating back more than 100 years. Bridgestone Olympic and Paralympic activities are guided by a global “Chase Your Dream” message, which intends to inspire people to overcome obstacles and persevere in pursuit of their goals. As a worldwide partner, Bridgestone has marketing rights that include its full range of tyres, tyre services and selected automotive vehicle services, self-propelled bicycles, seismic isolation bearings, and a variety of building and industrial products.

Sustainable Brands Community Explores Next-Generation Goals, Impact Metrics and Reporting Methods

Wed, 08/21/2019 - 4:26pm

 Sustainable Brands®recently unveiled program highlights for New Metrics ‘19: Next-Generation Goals & Reporting, scheduled for November 18-20 in Philadelphia, PA. Gathering more than 300 executives, sustainability strategists and finance leaders from across the globe, New Metrics ’19 will focus on improving assessments of risk and impact, adopting science-based goals, setting targets for circularity and regeneration, as well as upgrading disclosure practices toward integrated reporting and quantifying social impact. 

The conference is centered around three discussion tracks designed to advance transformational leadership around 1) value creation & risk assessment, 2) education & training on setting science-based environmental goals, and 3) integrated reporting & effective investor relations. Over 80 speakers from leading organizations will share compelling examples, case studies and methodologies that will help companies measure social and environmental innovation against their goals.

Key discussion topics and featured speakers include:

  • Evan Harvey, Global Head of Sustainability, Nasdaq on quantifying social performance and measuring social capital

  • Sara Law, VP, Global Initiatives, CDP on climate leadership and 1.5°C-compliant targets

  • Kristen Sullivan, Partner, Deloitte & Touche on the role of the CPA profession in building the corporate reporting processes of tomorrow

  • John Frey, Senior Technologist and Strategist, IT Efficiency and Sustainability, Hewlett Packard Enterprise on quantifying and valuing the benefits of circular models

  • Megan Maltenfort, Director, Corporate Responsibility & Sustainability, Campbell Soup on trends in investor sentiment and shareholder activism

  • Peter Jones, Head of Sustainability Analytics & Impact, IKEA Group on the evolution of well-rounded impact indicators

  • John Lanier, Executive Director, Ray C. Anderson Foundation on the role of business in re-focusing economics on genuine prosperity

  • Arlene Isaacs-Lowe, Global Head of CSR, Moody’s on the forefront of measuring and benchmarking social outcomes

  • Marc Lindsay, Senior Strategist, Vanguard on next-level investor-friendly reporting

  • Astrid Kaag, Social Resilience & Sustainability Advisor, Noord-Brabant on applying global thresholds and allocations in practice

“This program covers critical developments, timely topics and a sense of urgency for tangible progress given the moment we’re in,” states Dimitar Vlahov, Director of Knowledge & Insights at Sustainable Brands. “Mastering science-based targets not only in theory, but in practice, as well as upgrading impact and risk metrics will help future-proof brands in a volatile and uncertain world. Expect a wealth of expert guidance from New Metrics’19 that you can adopt and apply in your work right away.”

Proud early supporters of this event include Flex, Greengate Power, Metrio, Pachama and TrucostSouth Pole Group is the official Renewable Energy and Carbon Offset partner, Bonneville Environmental Foundation (BEF) is the official Water Restoration Partner, and TerraCycle is the official Waste Management & Diversion partner. Additional partners include: SustainAbility, G&A Institute, 3BL Media, and Karma Impact

Further information and program highlights can be found by downloading the New Metrics ‘19 brochure or by visiting the conference website at NewMetrics19.com. Sponsorship opportunities are still available for companies who wish to demonstrate or showcase their thought leadership and solution-provider capabilities around value creation, risk assessment, science-based goal-setting, or integrated reporting methodologies. Please email engage@sustainablebrands.com or call 415.626.2212 for more information about showcasing your company. 

About Sustainable Brands. Sustainable Brands® is the premier global community of brand innovators who are shaping the future of commerce worldwide.  Since 2006, our mission has been to inspire, engage and equip today’s business and brand innovators to prosper for the near and long term by leading the way to a better future. Digitally published news articles and issues-focused conversation topics, internationally-known conferences and regional events, a robust e-learning library, and peer-to-peer membership groups all facilitate community engagement throughout the year.

YouGiveGoods Supports Save the Children’s Humanitarian Efforts at Southern U.S. Border

Wed, 08/21/2019 - 1:26pm

 YouGiveGoods, the ecommerce charitable giving platform, is pleased to partner with Save the Children to engage sponsors and the public in raising supplies needed to bring comfort and care to children at transit shelters at the southern U.S. border.

Save the Children has stepped in to provide humanitarian care and support to children and families after they’ve been released from government facilities. These are children and families who have crossed the U.S. border seeking asylum from violence and extreme poverty – a harrowing journey that can take months.

Save the Children is providing safe play areas in transit shelters – called Child Friendly Spaces – where kids can be kids again, express themselves and begin to cope, all under the supervision of trained, caring adults. It is also operating Mother Baby Areas, where moms can rest, feed and care for their infants.

It takes a lot of resources to keep these programs running, and this need has driven the partnership between YouGiveGoods and Save the Children. They are asking the public to purchase most needed items for donation through their YouGiveGoods drive.

“Facilitating corporate and public support in situations like the border crisis is one of the reasons YouGiveGoods was founded,” explains YouGiveGoods President, Lisa Tomasi. “Often in times of crisis or even disaster, people want to help but are not sure how and the logistics of actually donating goods are too complicated. Our technology was built so anyone, anywhere, can purchase the product(s) that the charity needs most and YouGiveGoods handles all the logistics, including the ability to collate orders for bulk shipments, clearly acknowledge drive sponsors, and report and track all details.”

YouGiveGoods staff are in close contact with Save the Children to ensure the drive is raising only brand-new items they need most and delivery is to the proper locations. In this case, YouGiveGoods sends shipments when full pallets of items have been purchased. These bulk shipments simplify the receiving process for volunteers and staff on site, which helps get items into the hands of those in need even faster.

Most-needed items available for donation via the site include toiletries, underwear, t-shirts, socks and cleaning supplies. Packages of shoe laces are also needed since shoe laces are confiscated by Border Patrol agents upon entry and not returned. In addition to these necessities, Save the Children is collecting items meant to bring joy and encourage play, such as crayons, coloring books, and teddy bears.

Corporations, schools, organizations, and individuals can make an exponential impact by starting their own YouGiveGoods drive, raising goods for Save the Children’s work at the border. YouGiveGoods team challenge events are a popular option to help to build excitement and increase donations. Contact Mary Lonergan at Mary.Lonergan@YouGiveGoods.com or 877-526-4483 x106 to get started.

In addition to their current humanitarian work at the border, Save the Children continues its work to address the root causes of this crisis. Building on decades of work supporting children in the Northern Triangle – El Salvador, Guatemala and Honduras – and Mexico, Save the Children is expanding and strengthening programs focused on protection, education and peace-building.

Learn more about the crisis at the border and Save the Children’s response here, where the public can also provide cash donations. Visit the Save the Children drive page to purchase items for donation.

About YouGiveGoods

YouGiveGoods, LLC, is an innovative e-commerce company that connects tangible giving to community needs through our free giving platform.  Support any cause when you raise food, disaster relief supplies, toys, school supplies, socks, diapers, blankets – any goods your selected charity may need, all brand-new and delivered to their door.  YouGiveGoods' technology enables corporations, groups and individuals to create unique giving experiences with custom designed drive pages.   Specializing in workplace giving, YouGiveGoods events maximize employee engagement while meeting the needs of the nonprofit and the corporation. A YouGiveGoods online drive is a simple, efficient, measurable activity that makes a real difference in your community.

Contact:

Diane Frain
1-877-526-4483 x107
Diane.Frain@YouGiveGoods.com

About Save the Children

Save the Children believes every child deserves a future. Since our founding 100 years ago, we’ve changed the lives of more than 1 billion children. In the United States and around the world, we give children a healthy start in life, the opportunity to learn and protection from harm. We do whatever it takes for children – every day and in times of crisis – transforming their lives and the future we share. Follow us on Facebook, Instagram, Twitter, and YouTube.

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Duke Energy Invests Over $3.6 Million to Build Diverse Workforce of the Future

Tue, 08/20/2019 - 10:24pm

Duke Energy announced today it is awarding over $3.6 million in grants to support 54 innovative workforce development programs across the communities served by the company.

“Our goal is to build a diverse workforce equipped to help the energy industry transform the grid and innovate to meet customers’ needs,” said Cari Boyce, president of the Duke Energy Foundation. “The energy sector generates an abundance of well-paid, dynamic jobs, and we want to ensure nontraditional students have access to these opportunities.”

The 2019 Powerful Communities grants, from the Duke Energy Foundation with support from Piedmont Natural Gas, aim to bolster programs serving under-represented, low-income or diverse audiences, including women and minorities.

“Duke Energy Foundation’s investment in our HOME program allows us to continue the College’s tradition of exposing a distinctive cohort of incoming engineering and computer science freshmen to tailored educational and professional development,” said Dr. Robin N. Coger, dean of the College of Engineering at North Carolina A&T State University. “On behalf of the students, faculty and staff of the College of Engineering, I thank the Duke Energy Foundation for their support.”

“The University of Central Florida’s College of Engineering and Computer Science, among the largest colleges of its kind in the nation, is known for its diverse student body and excellence in producing engineers who are fully-prepared for the energy industry and beyond,” said Michael Georgiopoulos, dean. “The innovative, industry-relevant opportunities that we provide our students integrate technical skills with project management and soft skills and are made possible through generous support from the Duke Energy Foundation, which benefits more than 200 students annually.” UCF’s peer and industry mentoring programs for women have helped increase graduation rates of female engineering and computer science students by approximately 40 percent.

The grants are part of Duke Energy’s Powerful Communities philanthropic program, which awards strategic charitable grants to nonprofit organizations working to build powerful communities by bolstering education, developing the future workforce of the energy sector and conserving and protecting our environment.

In 2018, Duke Energy Foundation invested more than $31 million to support communities throughout Duke Energy's seven-state service area.

A complete list of the 54 grant recipients and summaries by state can be found here:

  • Florida – $715,000 to support 18 projects

  • Indiana – More than $100,000 to support six projects

Duke Energy Foundation
The Duke Energy Foundation provides philanthropic support to meet the needs of communities where Duke Energy customers live and work. The Foundation contributes more than $30 million annually in charitable gifts and is funded by Duke Energy shareholder dollars. More information about the Foundation and its Powerful Communities program can be found at duke-energy.com/foundation.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on TwitterLinkedInInstagram and Facebook.

Contact 
Candice Knezevic
24-Hour: 800.559.3853

AIDA Cruises and Battery Supplier Corvus Energy Announce Cooperation and Ring in Electrification of the Cruise Industry

Tue, 08/20/2019 - 10:24pm

AIDA Cruises, as part of the Costa Group, Europe's leading cruise company, starts cooperation with the world's leading marine battery supplier Corvus Energy from Norway. On Tuesday, 20 August 2019, a corresponding agreement was signed. The aim of the cooperation is the installation of lithium-ion battery storage systems on board the AIDA fleet and the start of operations on the first AIDA ship in 2020.

Michael Thamm, Group CEO Costa Group and Carnival Asia said: "Our goal is the emissions-neutral ship operation. The electrification of our ships is another important milestone on this path. Thanks to the cooperation with Corvus Energy, already in a few months, AIDA Cruises is going to launch this innovative technology on a large cruise ship."

The Norwegian-Canadian company Corvus Energy is one of the most renowned suppliers of marine batteries and is considered a pioneer in the development of maritime energy storage systems. Further partners of the project will be the companies ABB and Siemens.

Following the introduction of low-emission LNG operations in cruise shipping, AIDA Cruises is now also stepping up into the practical use of electrical energy from battery storage systems on board large cruise ships. Thanks to the use of this technology, the consumption of fossil fuel will be reduced further and the efficiency of ship operations will be increased significantly. It is planned to incorporate the valuable experiences from this pilot operation of battery systems on board other AIDA and Costa cruise ships as well.

The use of a battery system on an AIDA ship is another important step in the implementation of the "Green Cruising Strategy". Previously, by the end of 2018, AIDA Cruises had pioneered a technology leap forward with the launch of AIDAnova, the world's first cruise ship operating entirely on low-emission LNG (LNG). Just a few days ago, AIDA Cruises was awarded the Blue Angel, the German Federal Government's ecolabel for AIDAnova's environmentally friendly ship design. By 2023, two more AIDA LNG vessels will be put into service.

AIDA Cruises is also a trailblazer in many other areas. As early as the end of 2020, 12 of 14 AIDA cruise ships will be able to receive shore power where available. Since 2017, AIDAsol has been using the shore power plant in Hamburg-Altona in regular operation.

As part of its "Green Cruising Strategy", AIDA is also exploring the possibilities of CO2-free production of liquefied gas from renewable sources ("Power to Gas" project) or the use of fuel cells in cruise shipping. Already in 2021, in cooperation with Meyer Werft shipyard and other partners the first fuel cell test is scheduled on board an AIDA ship.

About AIDA Cruises:

AIDA Cruises is Germany's leading cruise line and currently employs around 15,000 people from over 50 countries, 13,500 on board its 13 ships and 1,500 at the company headquarters in Rostock and Hamburg. After putting AIDAnova, the world's first cruise ship that can be fully powered with low-emission LNG, into service in December 2018, the company will build two more of these innovative ships by 2023. By the end of 2023, ninety-four percent of all AIDA guests will be sailing on ships that can be fully powered with low-emission LNG or, where possible, green shoreside energy at port.

RESOURCES Carnival Corporation AIDA Cruises Corvus Energy CONTACT
Chris Cradduck +1 (214) 893-9119 chris@ldwwgroup.com

Diode Ventures and Tenebris Fiber Agree to Co-Develop Long-Haul Dark Fiber Route in Virginia

Tue, 08/20/2019 - 10:24pm

Diode Ventures, a global turnkey asset development company, and Tenebris Fiber, a dark fiber provider in Virginia, have agreed to co-develop an approximate 630-mile network from Virginia Beach, VA to Ashburn, VA to offer dark fiber services in Virginia. The network will connect the VA Beach Landing Station to public and private data centers and network operators situated along the world’s most highly trafficked Internet route.

Diode’s parent company, Black & Veatch, is proposed to be the engineering, procurement and construction (EPC) provider on the project. Black & Veatch’s services will be performed by its Connected Communities group, a business line focused on privately financed and public-private partnership fiber design-build projects.

“Through the support of our partners, we are positioned to offer Virginia’s businesses an exceptional fiber product that supports their infrastructure needs.” said Sue Hageman, Tenebris Fiber Chief Executive Officer. “This network will greatly impact the dynamic economic and technology driven footprints of Virginia across many sectors opening up new routes to address underserved rural areas, data center expansion, while supporting current and tomorrows sub-sea demands and all trending technologies.”

“Speed, resilience and the opportunity to increase system redundancy are critical for data centers and network services providers operating in the Virginia data corridor,” said Brad Hardin, Diode Ventures President. “Tenebris brings knowledge and experience to pair with the innovative financing and project execution capabilities of Diode and Black & Veatch.”

The proposed network route will provide critical, ultra-low latency connectivity from the submarine cable landing stations in Virginia Beach to “Data Center Alley” Ashburn, with many other connection opportunities along the way for local businesses and counties. 

The Black & Veatch team brings a depth of fiber optic network architecture and project delivery experience to support the needs of this market. “Our team sees the value in what connectivity can provide communities and businesses. As data demand grows, so will the need for fiber infrastructure high-speed data delivery,” said Justin Dickstein, Black & Veatch’s Director of Connected Communities.

About Diode Ventures
Diode Ventures is a turnkey asset developer for commercial, industrial and technology sectors. With our partners, we offer our clients project financing options, site selection, EPC, commissioning and O&M services for their energy, data centers or other specialized infrastructure assets. Diode Ventures is a wholly owned subsidiary of Black & Veatch with a global presence in over 100 countries. Visit www.diodeventures.com for more information.

About Tenebris Fiber
Tenebris is a neutral dark fiber provider offering carrier-class network infrastructure connecting the new subsea landing stations of Virginia Beach to the private and public data centers along the path to Northern Virginia.  

About Black & Veatch
Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2018 were US$3.5 billion. Follow us on www.bv.com and in social media.

Contact Information
Anna Goebel
Director of Marketing, Diode Ventures
goebela@diodeventures.com
(913) 458-1688

Chris Clark
Senior Manager, External Communications, Black & Veatch
clarkca@bv.com
(913) 458-2778

HP Debuts World’s First Toner Tank

Tue, 08/20/2019 - 10:24pm

Today, HP Inc. is continuing to reinvent smart printing with the introduction of two high-capacity printers: HP Neverstop Laser designed for small business owners in emerging markets9 and a reimagined HP Smart Tank for home.

HP Revolutionizes Tank Technology with HP Neverstop

Predictions estimate there will be 43 million small businesses in China by 2020 – and small businesses account for 60 percent of total GDP10. HP Neverstop Laser is an entirely new, rapid-reload laser printer that enables entrepreneurs to no longer waste time on interruptions. With a first-of-its-kind toner supply system that allows users to replace toner in seconds, HP Neverstop Laser ensures small business owners can stay in their business flow – while getting the most value from their printer.

“A recent HP global study found that close to 70 percent of Chinese small business owners state their business cannot run without a printer11,” said Anneliese Olson, Global Head and General Manager of HP’s Home Printing Solutions. “By reducing common printing interruptions with breakthrough innovations, mobile applications and digital integration, HP Neverstop Laser gives entrepreneurs a competitive edge to turn their passion into a thriving business.”

Designed with sustainability in mind – HP Neverstop Laser is made with more than 25 percent recycled plastic by weight while the toner reload kit is made of 75 percent recycled plastic by weight12.

Key features include:

  • Up to 5,000 pages without interruptions6

    • Print up to 5,000 pages right out of the box with virtually no interruptions-perfect for high-volume printing

  • Reload mess-free toner in seconds

    • A revolutionary supply system lets you quickly and easily reload toner levels in 15-seconds2 without making a mess

  • Original HP quality and unbelievable savings

    • Get original HP quality printing for a cost per page competitive with imitation cartridges3, with up to 80 percent cost savings4 on HP original toner

  • Connected and mobile

    • Easy mobile scanning and printing with best-in-class mobile print app, HP Smart App13

HP Introduces New HP Smart Tank

Also launching today is the reinvented HP Smart Tank, the best in-class ink tank experience1. Designed for users with busy home and home office print needs, HP Smart Tank features a new era of ink tank technology delivering time -saving tools and outstanding print quality of any ink tank in its class.7

Key HP Smart Tank 500/600 series features include:

  • Reliable, high-speed printing

    • Up to 38 percent faster printing speeds8 and faster connection with dual band Wi-Fi

  • Time-saving intuitions

    • An integrated tank design with automatic ink sensor alerts you before ink runs out

    • Eliminate steps in repetitive tasks with custom shortcuts on your phone or printer with HP Smart Tasks 

  • Connected and mobile

    • Easy mobile scanning and printing with HP Smart App

    • Now integrates with WeChat in China, allowing users to print straight from WeChat

  • Outstanding print quality

    • Count on dark, sharp text and vibrant graphics for all prints

    • Create professional borderless brochures and photos

  • Borderless color pages right of the box14

    • Print 6,000 black or 8,000 color pages right out of the box with virtually no interruptions-perfect for high-volume printing

For additional information on HP Neverstop Laser and HP Smart Tank see here.

Availability

HP Neverstop Laser will first launch in China; India and selected countries in SEA, summer 2019; Russia and selected countries in CEMA, July 2019; LAR, August 2019.

The new HP Smart Tank will first launch in June in all emerging market countries in Asia Pacific except India, which will ship in July. Also shipping in July are the APJ developed markets, EMEA emerging markets, and LAR countries.

Further information on country availability, pricing and retail destinations is available by contacting your local HP communications contact.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.

1 Best in-class ink tank experience: Best in-class ink tank experience compared to majority of leading non-HP OEM CISS ink tank platforms <$449.99 USD. Market share as reported by IDC CYQ1 2019 Hardcopy Peripherals Tracker, 2019Q1 Release. Test results should be similar for same platform with different model numbers using the same OEM ink formula. HP Smart Tank printers are also branded as HP Smart Tank Plus in some regions.  Detail in May 2019 hands-on lab report by Keypoint Intelligence - Buyers Lab using OEM inks. Areas of experience tested for comparison include install, printed image quality on plain & photo paper, mobile printing & scanning, and feature set. See http://www.keypointintelligence.com/hpsmarttankplus

2 HP Neverstop: World’s first toner tank laser printer / HP Neverstop: 15-second, mess-free, self-reload with the HP Reload kit: Constant toner self-reload using imaging-drum-in-place OEM toner supplies compared to majority of worldwide OEM monochrome laser printers <$250 USD and MFPs priced <$350 USD as of Nov 15, 2018.  HP internal research & Keypoint Intelligence-Buyers Lab 2018 study commissioned by HP.  Market share as reported by IDC CYQ2 2018 Hardcopy Peripherals Tracker, 2018Q2 Release.  For details, see keypointintelligence.com/HPNeverstop

3 Original HP quality laser printing for a cost per page competitive with imitation cartridges: Cost per page of replacement HP 103A Toner Reload Kit in Brazil, India and Russia as of May 22, 2019 based on internal HP research and research by Keypoint Intelligence – InfoTrends compared to average cost per page of local competing new-build cartridges known as clones or imitations for cartridge-based in-class HP monochrome laser printer supplies: imitations of HP 17A and HP 83A sold in Brazil, HP 88A and HP 17A in India, and HP 17A and HP 83A sold in Russia.  This CPP does not factor in the price of the 20,000-page yield imaging drum used with HP Neverstop printers.  For details see keypointintelligence.com/HPNeverStopCPP and http://www8.hp.com/h20195/v2/GetPDF.aspx/4AA7-5566ENW.pdf

4 Save up to 80% on HP toner.  GLOBAL Based on internal HP comparison of MSRP/ (MRSP for EMEA region) and cost-per-page of in-class HP LaserJetPro M15 and HP LaserJetPro MFP M28 with standard-fill HP 44A/48A Black Original LaserJet Toner Cartridge, as of March2019. For details see www.hp.com/go/learnaboutsupplies. INDIA: Based on internal HP comparison of MSRP/ (MRSP for EMEA region) and cost-per-page of in-class HP LaserJetProM16/17 and HP LaserJetProMFP M29/M30 with standard-fill HP 47A Black Original LaserJet Toner Cartridge, as of March 2019. For details see www.hp.com/go/learnaboutsupplies.

5 For Single-Function: Based on 340 pages per month usage of HP LaserJet M15 with standard-fill HP 48A Black Original LaserJet Toner Cartridge with ISO yield of 1000 pages. Actual yield varies considerably based on content of printed pages and other factors. Average based on ISO/IEC 19752 and continuous printing. For details see www.hp.com/go/learnaboutsupplies. For MFP: Based on 450 pages per month usage of HP LaserJet MFP M28 with standard-fill HP 48A Black Original LaserJet Toner Cartridge with ISO yield of 1000 pages. Actual yield varies considerably based on content of printed pages and other factors. Average based on ISO/IEC 19752 and continuous printing. For details see www.hp.com/go/learnaboutsupplies.

6 Up to 5,000 pages: Actual yield varies considerably based on content of printed pages and other factors. Average based on ISO/IEC 19752 and continuous printing. For details see www.hp.com/go/learnaboutsupplies.

7Best in-class print quality: Best in-class plain paper and photo print quality using OEM inks compared to majority of leading non-HP OEM CISS ink tank platforms <$449.99 USD. Market share as reported by Q1 2019 Hardcopy Peripherals Tracker, 2019Q1 Release. Test results should be similar for same platform with different model numbers using the same OEM ink formula. HP Smart Tank printers are also branded as HP Smart Tank Plus in some regions.  Detail in May 2019 hands-on lab report by Keypoint Intelligence - Buyers Lab using OEM inks.  See http://www.keypointintelligence.com/hpsmarttankplus

8 Prints up to 38% faster than prior generations. Compared with HP Smart Tank 315/415 All-in-One Printer series. Excludes first set of ISO test pages. For details, see www.hp.com/go/printerclaims.

9 Emerging Markets: HP Neverstop Laser will launch in: China, India, SEA, Russia, Turkey, Saudi Arabia, Czech Republic, Greece, Poland, Hungary, Brazil, Argentina, Chile, Colombia, Mexico, Peru

10 According to forecasts there will be 43 million small businesses in China by 2020 – and small businesses account for 60% of total GDP: http://www.stats.gov.cn/english/

11 More than half of small business owners agreeing that their businesses cannot operate without a printer: The HP Small Business Today Survey is a global study by HP Inc. It was conducted by global market research firm Edelman Intelligence, across four continents and 10 geographical areas (USA, Canada, China, Germany, Mexico, Russia, Iberia (Spain and Portugal), South East Asia (Indonesia, Thailand, Vietnam, and Philippines), UK, and India). Fieldwork took place over February 2019. We interviewed over 4,300 small business owners (1-100 employees) aged 18+.

12 HP Reload Kit made with 75% recycled plastic by weight: Percentage of recycled material in toner reload kit is based on empty weight.

13 HP Smart App: Best in Class: Compared to OEM mobile printing apps for the majority of top-selling inkjet & laser printers & all-in-ones for home & home office, priced less than or equal to $429.99 USD. Market share as reported by IDC CYQ2 2018 Hardcopy Peripherals Tracker. Claim based on research of printer manufacturer’s mobile print apps and Keypoint Intelligence - Buyers Lab hands-on testing and study commissioned by HP. See September 2018 report at www.keypointintelligence.com/HPSmartApp.

14 6,000 black or 8,000 color pages without interruptions. Black and composite color average per bottle (cyan/magenta/yellow) results based on HP methodology and continuous printing of ISO/IEC 24712 test pages. Not based on ISO/IEC 24711 test process. An additional black ink bottle is required to print 8,000 color test pages. Actual yield varies based on content of printed pages and other factors. Some ink from included bottles is used to start up the printer. For more information about fill and yield, see hp.com/go/learnaboutsupplies.

Moody’s Partners With Pyxera Global to Launch Its First Global Pro Bono Program

Tue, 08/20/2019 - 10:24pm

Moody’s, in partnership with PYXERA Global, launched a Global Pro Bono program in Beijing, China this week. Moody’s Future Solutions™ will leverage the professional skills of its employees to build the capacity of social impact organizations. The program is designed for Moody’s volunteers to contribute to solving some of the most pressing social challenges in a way that delivers value to the company and community.

“We are excited to have Moody’s as a PYXERA Global partner,” said Gavin Cepelak, Vice President, Global Pro Bono. “Moody’s attention to detail and push for data-driven, measurable impact has allowed us to collaboratively design a strong program.”   

Moody’s began 2018 with an ambitious strategy to more tightly focus the company’s CSR efforts at the intersection of its business strengths, its employees’ interests and some of society’s most pressing needs. Moody’s employees play an integral role in driving the company’s CSR progress by sharing their passion and purpose with the world through their volunteer efforts, contributions of pro bono expertise, giving and board service on behalf of nonprofit organizations worldwide. Moody’s Future Solutions builds on this by directly applying business acumen to capacity challenges faced by social impact organizations. 

"We make the greatest positive difference by aligning our social investments and volunteer efforts with our business expertise," said Arlene Isaacs-Lowe, Global Head of Corporate Social Responsibility at Moody’s. “We are eager to support our colleagues as they gain leadership experience, cultural awareness and a deeper appreciation of the social and environmental challenges around the world.”

Global Pro Bono programs are short-term experimental assignments that cultivates critical leadership competencies. Global Pro Bono accelerates an individual’s ability to lead through ambiguity, manage changing demographics, and handle cultural differences. Employees return more resilient, engaged, and committed to their company. To learn more about how Global Pro Bono helps cultivate purpose-driven leaders, contact info@pyxeraglobal.org.

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About PYXERA Global

For nearly 30 years, PYXERA Global has leveraged the unique strengths of corporations, governments, and social sector organizations to solve complex problems, on the ground, and attain mutually beneficial goals. Initiatives include a wide range of services, from short term, immersive, skills-based volunteering to long-term integrated supply chain and community development efforts that transform lives and livelihoods, including the Corporate Champions for Education, a collaborative multi-company approach to Global Pro Bono. The PYXERA Global team is passionate and dedicated to navigating challenges and pinpointing purposeful global engagement opportunities for its clients and partners.

About Moody’s Corporation 
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE:MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.4 billion in 2018, employs approximately 13,200 people worldwide and maintains a presence in 44 countries. Further information is available at https://www.moodys.com/.

Moody’s believes in a world where more people have access to opportunity, and where everyone has what they need to grow and thrive. We are committed to opening the door to a better future through our global corporate social responsibility programs empowering people around the world with the knowledge, resources and confidence they need to succeed. For more information visit moodys.com/csr.

For questions, please contact:

Morgan Singer
Thought Leadership, PYXERA Global|
msinger@pyxeraglobal.org
+1.202.830.0501

OR

Joe Mielenhausen
Moody’s Corporate Communications
+1 212 553 1461
joe.mielenhausen@moodys.com

High School Students Earn Aircraft Manufacturing Pre-Apprenticeship Accreditation

Tue, 08/20/2019 - 10:24pm

At the closing ceremony for the Teamsters/Sikorsky Career Pathways Program, Teamsters Local 1150 in partnership with Sikorsky, a Lockheed Martin Company (NYSE: LMT), Connecticut State Department of Education and Connecticut Department of Labor, announced the program’s newly registered Aircraft Manufacturing pre-apprenticeship.

“The transition to a certified pre-apprenticeship is the next logical step for our program,” said Rocco Calo, Secretary-Treasurer and Principal Officer of Teamsters Local 1150. “Not only will it help us to recruit those students who are looking for industry recognized credentials, but it helps to bolster U.S. manufacturing by preparing these students to work in any aerospace facility.”

The August 8 ceremony celebrated the success of nearly 50 high school students who receive critical trade skills working on major products including the CH-53K helicopter, Black Hawk and Combat Rescue Helicopter. The program has been active since 2002, with more than 300 students participating across multiple trade disciplines.

“Advanced manufacturing and the aircraft and aerospace industries are booming right now in Connecticut,” said Kurt Westby, Commissioner of the state Department of Labor. “This program not only gives students a jumpstart on a great career but is a critical link in preparing our workforce to meet the needs of manufacturers that are creating much-needed economic growth in our state.”

This year marks the 18th year that Sikorsky has partnered with Teamsters Local 1150 for the Career Pathways Union Mentoring Program, giving students interested in hands-on learning an opportunity that exposes them to manufacturing skills and jobs. Teamsters Local 1150 has represented workers at Sikorsky for nearly 60 years, helping to create Connecticut, Florida and Alabama jobs.

“This pre-apprenticeship helps support Lockheed Martin’s commitment to create 8,000 new apprenticeship and workforce positions within the company through 2023,” said George Mitchell, Sikorsky vice president of Production Operations. “These students serve as a cornerstone of our talent pipeline and success of our workforce, as they help us fill advanced manufacturing occupations.”

For more workforce development program success stories like Teamsters/Sikorsky Career Pathways and to learn about Lockheed Martin’s commitment to investing in the workforce, visit our Economic and Workforce Impact webpage on the Lockheed Martin website.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

About International Brotherhood of Teamsters Local 1150
Teamsters Local 1150 is the sole bargaining representative for the workers at Sikorsky, a Lockheed Martin Company in Connecticut, Florida and Alabama who build the world’s best rotary-winged aircraft. With a membership approaching four-thousand, members manufacture and assemble aircraft components with more than eighty occupations and skill groups to include mechanics, machinists, composite workers, tool makers, plumbers, electricians, inspectors, drivers and processors.

Wells Fargo Releases 2018 Corporate Responsibility Report

Tue, 08/20/2019 - 10:24pm

Wells Fargo & Company (NYSE:WFC) today released its 2018 Corporate Responsibility reportPurpose in Action, which details its progress toward social, economic and environmental goals, and announces that the company provided $23 billion in financing in the first year of its $200 billion sustainable finance commitment. Of the $23 billion, 63% went toward low-carbon solutions such as green buildings, renewable energy and clean technologies. The remainder of the 2018 financing supports businesses and projects focused on sustainable agriculture, conservation, recycling, resource management and other environmentally beneficial activities.

Wells Fargo’s $200 billion sustainable finance commitment was announced in 2018. Additional highlights from the first year of the initiative include:

  • Sustainable finance accounting methodology published for transparency in how Wells Fargo accounts for its progress toward the financial goal and the types of transactions it includes.

  • Increased engagement on issues of climate change and sustainable finance, including becoming a founding member of the U.S. Sustainable Finance Alliance, and playing a role in important global and national stakeholder gatherings such as the Global Climate Action Summit and Bloomberg’s Sustainable Business Summit.

  • Green buildings, renewable energy and sustainable agriculture transactions topped the list of categories for the company’s sustainable finance accounting. By the close of 2018, Wells Fargo tax equity projects represented 9.5% of all wind and solar generation capacity in the U.S.

“Every day, we challenge ourselves to more deeply embed the management of environmental, social and governance issues across our business and make progress on our corporate responsibility goals,” said Mary Wenzel, head of Sustainability & Corporate Responsibility for Wells Fargo. “With growing concerns around climate change and pressing societal challenges, we are looking at where we can use our scale and expertise to have a positive impact through our business, products and philanthropy.”

The report also provides a comprehensive update on the company’s progress in three areas of strategic focus:

“Wells Fargo’s annual Corporate Responsibility report reflects our commitment to transparency on these matters and our desire to consistently report our progress toward these important goals with all interested audiences,” said Jim Rowe, head of Stakeholder Relations for Wells Fargo. “This year, we are proud to specifically report how far we have come towards meeting our 2020 goals.”

Purpose in Action is published at the midpoint of Wells Fargo’s timeline for achieving its 2020 corporate responsibility goals, established in 2016. The company has already exceeded a number of those goals, including down-payment assistance to 4,000 lower-income homebuyers, reducing greenhouse gas emissions by 45% (from 2008 baseline), increasing participation in diverse Team Member Network volunteer groups by 30%, and meeting 100% of global electricity needs with renewable energy since 2017.

The company also continued to invest in its employees including through salary adjustments, granting restricted stock rights to approximately 250,000 team members, and by offering two additional paid national holidays for U.S. team members. Wells Fargo team members are already awarded two days of paid volunteer time throughout the year.

In 2018, Wells Fargo donated more than $444 million to nearly 11,000 nonprofits in support of socialeconomic and environmental challenges in underserved communities, among other local needs. Wells Fargo team members donated more than 2 million hours of volunteer time in 2018, and as a result of team member generosity, Wells Fargo was named the No. 1 company in workplace giving by United Way Worldwide for the 10th consecutive year.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,600 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Contact:

Media 
E.J. Bernacki, 415-840-4469
ejbernacki@wellsfargo.com

Investor Relations 
John M. Campbell, 415-396-0523
john.m.campbell@wellsfargo.com

Dominion Energy and Smithfield Foods Break Ground on Largest Renewable Natural Gas Project in North Carolina

Tue, 08/20/2019 - 10:24pm

 Dominion Energy and Smithfield Foods, Inc. are pleased to announce that the companies are breaking ground on North Carolina’s largest renewable natural gas (RNG) project through their joint venture, Align Renewable Natural Gas (RNG)SM. Located in Duplin and Sampson counties, this project will generate enough energy to power more than 3,500 homes annually upon completion. Align RNG is a multi-state joint venture between Dominion Energy and Smithfield that will capture methane emissions from hog farms and convert them into RNG to power homes and businesses.

“Breaking ground on this project with Dominion Energy is an exciting first step in bringing Align RNG to life,” said Kraig Westerbeek, senior director of Smithfield Renewables and hog production environmental affairs for Smithfield Foods. “This project implements proven ‘manure-to-energy’ technology across a number of farms to produce reliable renewable energy for our community and contributes to our company’s ambitious goal to reduce our greenhouse gas (GHG) emissions 25% by 2025.”

As part of this initiative, technology will be installed across as many as 19 area farms to transform manure into RNG that will be processed and injected into existing natural gas distribution systems to serve local homes and businesses. This project is modeled after the Optima KV project, which captures biogas on five Smithfield contract farms in North Carolina, and similar projects on Smithfield farms in Northern Missouri and Utah.

“What we are starting today is truly transformational,” said Gary Courts, Dominion Energy’s general manager of new gas business development. “We’re using the power of innovation to make our energy cleaner and our farms more sustainable than ever before,” Courts continued. “With renewable natural gas, everyone wins. It’s good for the environment and our planet. It’s a huge win for the farmers. And it’s around-the-clock renewable energy for consumers.”

The 300,000 MMBTU of renewable energy this project is estimated to produce will play a key role in the state of North Carolina’s historic initiative to reduce GHG emissions over the next decade and will help expand the state’s energy portfolio with a reliable source of renewable energy. The sale of RNG generated by these projects will also provide family farmers with an additional source of revenue.

“This project is providing an incredible opportunity to turn one of our largest cost drivers – manure management – into a new revenue stream,” said Terry Tate, manager of DM Farms of Rose Hill and a Smithfield contract grower. “Working with Dominion Energy and Smithfield on this project was an easy choice. I’m proud to be part of an initiative that is improving both the viability and durability of our farms while benefiting the local community with a renewable energy source.”   

“Dominion Energy and Smithfield are supporting the growth of agriculture in North Carolina, the state’s leading industry,” said North Carolina Rep. Jimmy Dixon. “This project forecasts an exciting shift in the role that farmers play by providing opportunities within the energy sector that expand their capabilities and improve their bottom line.”

This is the first “manure-to-energy” project to begin construction under Align RNG since the joint venture was announced in late 2018. Additional projects are planned in North Carolina, Utah, and Virginia, and are projected to produce enough energy to power 14,000 homes and businesses in total. The emissions reduction associated with these projects equate to planting 7.8 million new trees or taking 100,000 passenger vehicles off the road.

For more information about Align RNG, visit alignrng.com.

About Dominion Energy
Nearly 7.5 million customers in 18 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and is one of the nation's largest producers and transporters of energy with about $100 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution and import/export services. The company expects to cut generating fleet carbon dioxide emissions 80 percent by 2050 and reduce methane emissions from its gas assets 50 percent by 2030. Please visit www.DominionEnergy.com to learn more.

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, and connect with us on FacebookTwitterLinkedIn, and Instagram.

CONTACT Aaron Ruby +1 (804) 771-3404 Aaron.F.Ruby@dominionenergy.com Dominion Energy Lisa Martin +1 (757) 365-1980 lvmartin@smithfield.com Smithfield Foods, Inc.

Duke Energy Awards More Than $200,000 in Grants for Workforce Education and Training Across Greater Cincinnati

Tue, 08/20/2019 - 10:24pm

Duke Energy has announced $203,315 in grants to eight organizations focused on workforce development across Greater Cincinnati. The primary objective of the funding is to support new and expanded education and training programs to prepare the next generation of energy workers across the region.

“Even though the U.S. and local job markets are strong, America’s energy needs continue to grow and evolve, requiring a future workforce with new skills and abilities,” said Amy Spiller, Duke Energy’s president in Ohio and Kentucky. “We’re preparing Greater Cincinnati residents for this new energy economy by equipping them with the knowledge and abilities needed to have successful careers in the energy sector.”

Recent studies from the U.S. Department of Energy and U.S. Department of Labor show that 25%-50% of utility employees will retire within the next five to 10 years. Among Duke Energy’s nearly 30,000 employees nationwide, 42% will be eligible to retire in five years and 54% will be eligible to retire in 10 years. “Eligible to retire” is defined as 55 years of age or older with at least five years of service.

“Funding these workforce initiatives is just one way Duke Energy is building a talent pipeline that will power our regional economy for years to come,” said Spiller. “We also provide significant financial support annually for Greater Cincinnati programs that prevent summer reading loss while also advancing energy, engineering and environmental education among K-12 students.”

RELATED: Duke Energy commits nearly $265,000 to support dynamic education initiatives across Greater Cincinnati.

Here are details about the eight workforce development grants announced earlier today during an event at Gateway Community and Technical College in Florence, Ky.

  • Workforce development growth via GROW NKY – $50,000

    The Growing Regional Outcomes through Workforce for Northern Kentucky (GROW NKY) initiative will apply its $50,000 grant to support comprehensive, holistic workforce development and talent strategy, which is focused on leveraging the community’s full complement of assets to grow, attract and retain a globally competitive workforce. Led by the Northern Kentucky Chamber of Commerce in conjunction with a variety of workforce partners, the initiative focuses on ensuring Northern Kentucky can attract future businesses and retain current businesses as a result of a strategic workforce effort.

  • Power Lineman Academy at Grant Career Center – $50,000

    Grant Career Center in Bethel, Ohio, will use its Duke Energy workforce development grant to launch a training program for men and women who aim to become utility line technicians. Through the Power Lineman Academy, individuals will receive hands-on education related to the delivery of electricity to homes and businesses. Training will focus on electrical and construction safety, the erection of power lines, components of power grid equipment, and the general maintenance and operation of the electric grid.

  • Lineworker certificate at Gateway Community and Technical College – $32,315

    The Duke Energy grant will allow Gateway Community and Technical College in Northern Kentucky to create an accelerated utility lineworker certificate program designed to train individuals who desire to become utility lineworkers. The 16-credit-hour program will incorporate the college’s energy technology curriculum with expansive training and equipment. Upon completion of the accelerated certificate, students will have an understanding of the skills, knowledge, safe work practices and physical ability required to become line technician apprentices.z

  • Upgraded electrical engineering labs at University of Cincinnati – $25,000

    University of Cincinnati’s department of electrical engineering and computer science will use its Duke Energy grant to purchase new equipment for the school’s electric power and power electronics laboratories. The equipment will allow students to gain hands-on education and experience using state-of-the-art electricity delivery equipment. In addition, the upgraded labs will enable the school to accept 20 additional students per year into its three core electrical engineering and lab courses, support the development and recruitment for a new Master of Engineering in Sustainability degree program, and offer one-day advanced training sessions for current utility workers.

  • Energy career discovery with NaviGo – $15,000

    Students often don’t have real experience in their selected career path until they’ve completed additional training or accepted a position. With the help of NaviGo Scholars, students can explore and investigate career paths while they’re still in high school, informing their decisions for the future. Through its partnership with Duke Energy, NaviGo will expose students to career opportunities in the energy industry – and help staff the next generation of careers in the energy industry.

  • Expand hands-on career experiences via Greater Cincinnati Construction Foundation – $11,000

    The Greater Cincinnati Construction Foundation’s “Constructing a Pathway Out of Poverty” initiative aims to increase access to and participation in hands-on career experiences for Cincinnati Public Schools students in grades 10 through 12. The Duke Energy workforce development grant will enable the foundation to expand the project-based learning program to additional schools and students, and provide support of school employability initiatives and students’ transitions to technical jobs.

  • New enhanced operator training program for the Northern Kentucky Community Action Commission – $10,000

    The Northern Kentucky Community Action Commission’s YouthBuild program works with young adults to create a place where they can complete their secondary education, prepare for post-secondary education, and gain valuable life and career skills. While enrolled with the program, participants are encouraged to grow and develop to their full potential and find their true value. YouthBuild will apply its $10,000 grant from Duke Energy to add an enhanced operator certificate training program in cooperation with Gateway Community and Technical College. The program will enable up to 32 participants to earn certification and 14 college credit hours toward an associate’s degree in manufacturing engineering technology, electrical technology or industrial maintenance technology. On completing the program, participants will qualify for entry-level manufacturing jobs or paid apprenticeship programs, helping themselves and their families advance toward financial self-sufficiency.

  • Pre-apprenticeship program at Warren County Educational Service Center – $10,000

    A $10,000 Duke Energy grant will enable Warren County Educational Service Center in Ohio, in collaboration with the NaviGo Scholars program, to expand its career exploration opportunities for at-risk students. Participants will engage in innovative programming designed to increase awareness of in-demand jobs via weekly tours of local businesses and career coaching. The goals for the program are for students to increase their knowledge of career opportunities and increase their interest in pursuing careers in high-demand technical fields.

Duke Energy Ohio/Kentucky

Duke Energy Ohio/Kentucky, a subsidiary of Duke Energy, provides electric service to about 860,000 residential, commercial and industrial customers in a 3,000-square-mile service area, and natural gas service to approximately 538,000 customers.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on TwitterLinkedInInstagram and Facebook.

Contact: Lee Freedman
24-Hour: 800.559.3853

Freeport-McMoRan Wins Product Stewardship Award for Safety

Tue, 08/20/2019 - 10:24pm

Freeport-McMoRan was honored with a Product Stewardship Award from BNSF Railway for the safe transportation of hazardous materials by rail in 2018.

Companies receiving the award transported a minimum of 400 loaded tank cars of hazardous materials with zero, non-accident releases during last year's full transportation cycle. Freeport-McMoRan won the award with respect to the sulfuric acid cars it routed on the BNSF railroad and delivered to its New Mexico operations. The company verifies the tank cars are properly inspected and in proper condition for transportation after the cars are unloaded.

To learn more about Freeport-McMoRan’s supply chain due diligence and performance standards for mining and refining, please see fcx.com.

Please see the 2018 Working Toward Sustainable Development Report for more information on all the company’s social, economic and environmental efforts.

Carnival Corporation Releases Third-Party Study Confirming Advanced Air Quality Systems Are Positive for Environment

Tue, 08/20/2019 - 10:24pm

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, recently released the results of an independent, two-year scientific wash-water study that shows the company's Advanced Air Quality Systems are a safe and effective means for compliance with the International Maritime Organization's (IMO) 2020 requirements, which include regulations for cleaner air emissions and strict wash-water quality standards.

The study also concluded that the wash-water samples from the Advanced Air Quality Systems – known in the industry as exhaust gas cleaning systems (EGCS) or "scrubbers" – were below the limits set by several major national and international water quality and land-based water discharge standards to provide further proof of the quality and safety of the wash water, even when compared to criteria like drinking water.

Focused specifically on analyzing the composition and quality of wash water from Advanced Air Quality Systems, the two-year study included 281 wash-water samples from 53 Carnival Corporation ships equipped with the systems, creating the largest wash-water data set in the marine industry.

The samples were analyzed for 54 parameters by independent laboratories accredited by the International Organization for Standardization (ISO), using standardized EPA methods. Following the lab phase, DNV GL, a leading classification society and recognized advisor for the maritime industry, reviewed the laboratory test data, comparing the results to major point source discharge limits and water quality standards.

In February, the independent study results were presented publicly at a technical conference for Clean Shipping Alliance 2020 (CSA 2020), a group of leading companies from the commercial shipping and cruise industries committed to complying with 2020 fuel requirements through the development and use of exhaust gas cleaning systems.

Specific to IMO wash-water requirements, the study confirmed results from previous studies showing the quality of the water used in the Advanced Air Quality Systems process was always far below the IMO monitoring limits for polycyclic aromatic hydrocarbons (PAHs) and the annual limits for nitrates. In fact, when measured against IMO standards, the average wash-water test results in this study were over 90 percent lower than maximum allowable levels. In many cases, the materials were completely undetectable in the laboratory testing process.

Additionally, the report compared the samples to selected national and international water quality benchmark standards, including the German Waste Water Ordinance, the EU Industrial Emissions Directive and the Surface Water Standards of the EU's Water Framework Directive. The World Health Organization's (WHO) drinking water guidelines were also evaluated. The Advanced Air Quality Systems test results compared favorably with all of these major benchmark standards, demonstrating that the composition of the water was not only consistently below, but in most cases, significantly below the most stringent limits.

"We are pleased to see the positive results of this multi-year study, which included in-depth analysis and review from respected independent experts, demonstrating the overall quality of our Advanced Air Quality Systems wash water and further confirming the IMO's acceptance of these systems for 2020 regulatory compliance," said Mike Kaczmarek, senior vice president for marine technology for Carnival Corporation. "Based on extensive emissions testing, we know that our Advanced Air Quality Systems in some ways outperform marine gasoil (MGO) in providing cleaner air emissions. And although we have known for a long time that the quality of water being returned to the sea is at a high level, based on our years of development of this data set, it was important to release the findings publicly as the latest scientific evidence showing the actual water quality. This is completely consistent with the commitments we have made to our sustainability goals, and to protecting the ocean environment and the destinations we visit around the world."

Kaczmarek added: "Comparing scrubber wash water to both existing IMO requirements and also various other major water standards is useful to provide an informed perspective and to illustrate wash-water quality in a way that is easy to understand. These comparisons also provide relatable criteria for a number of specific parameters for Advanced Air Quality Systems, such as PAH concentrations, that are included within these standards."

Carnival Corporation has installed Advanced Air Quality Systems on over 70 ships in its fleet, and combined with the industry-leading adoption of liquefied natural gas (LNG), shorepower and other sustainability initiatives, the company remains committed to leading the marine industry in meeting and exceeding all established standards for performance and environmental protections.

Kaczmarek concluded: "We are committed to consistently exceeding the expectations of our guests for great vacations, and at the same time, we are committed to operating responsibly, as our very existence is tied to protecting the oceans, local waters and communities in which we operate. With more than 120,000 employees, most of whom live and work at sea, our commitment to protecting and maintaining healthy oceans, seas and local communities is not just an operating necessity. For us, it is simply the right thing to do, and we take great pride in our commitment to environmental leadership."

Building on much of the previous research on the use of Advanced Air Quality Systems that has come to similar conclusions about the quality of water that these systems return to the sea – the scope of the current study strongly confirms the suitability of these innovative systems to play an important, unrestricted role in compliance with upcoming IMO 2020 regulations.

Other recent major studies addressing the environmental performance of these systems in the marine environment include a June 2018 report by Japan's Ministry of Land, Infrastructure, Transport and Tourism on the "Impact of EGCS on the Marine Environment," which showed evidence strongly supporting scrubbers as a safe and effective option for IMO 2020 compliance.

EDITOR'S NOTE: Carnival Corporation Advanced Air Quality Systems study results and details are available upon request. Also note, additional details on the findings from Japan's EGCS report are publicly available and can also be sent upon request.

 # # #

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 nine of the world’s leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.  

Together, the corporation’s cruise lines operate 103 ships with 243,000 lower berths visiting over 700 ports around the world, with 19 new ships scheduled to be delivered through 2025. 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 group in the world to be included in both the S&P 500 and the FTSE 100 indices.

With a long history of innovation and providing guests with extraordinary vacation experiences, Carnival Corporation has received thousands of industry awards – including recognition by the Consumer Technology Association™ as a CES® 2019 Innovation Awards Honoree for the OceanMedallion™. A revolutionary wearable device that contains a proprietary blend of communication technologies, the OceanMedallion enables the world's first interactive guest experience platform transforming vacation travel on a large scale into a highly personalized level of customized service. The prestigious CES Innovation Awards honor outstanding design and engineering in consumer technology products.              

Additional information can be found on www.carnival.comwww.princess.comwww.hollandamerica.comwww.seabourn.comwww.pocruises.com.auwww.costacruise.comwww.aida.dewww.pocruises.com and www.cunard.com.

About CSA 2020

The Clean Shipping Alliance 2020 (CSA 2020) represents group of leading companies from the commercial shipping and passenger ship industries that have been leaders in emission control efforts through significant investments in research and analysis, funding and committing resources to comply with 2020 fuel requirements through the development and use of Exhaust Gas Cleaning Systems (EGCS).

The Alliance was formed on 27th September 2018 with a mission to provide information and research data to better inform industry and the wider public. In addition to serving as an advocate for companies working to reduce marine exhaust gas emissions, CSA 2020 will support the scheduled implementation and effective enforcement of the International Maritime Organization's (IMO) requirement for a 0.5 percent global sulphur cap on fuel content as of January 1, 2020.

CSA 2020 currently has 34 member shipowners representing 30 shipping sectors and operating, collectively, more than 2000 vessels. Visit: https://www.cleanshippingalliance2020.org.

CSA 2020 Media Contact

Patrik Wheater, Seaborne Communications, pr@seabornecomms.com, +44 (0)208 339 6149

RESOURCES Carnival Corporation

CONTACT

Chris Cradduck +1 (214) 893-9119 chris@ldwwgroup.com

New Ceres Analysis Calls on Power Sector to Decarbonize Before 2050

Tue, 08/20/2019 - 10:24pm

A newly updated climate scenario analysis framework released today underscores the need for the U.S. power sector to completely decarbonize before 2050 in order to limit global warming to below 1.5 degrees Celsius and stave off the worst impacts of climate change.

The framework, Climate Strategy Assessments for the U.S. Electric Power Industry: 2019 Update, gives specific guidance for investors and companies to assess climate change-related risks and opportunities in the U.S. electric power sector. The 2019 update incorporates the Intergovernmental Panel on Climate Change’s (IPCC) call to limit global warming to 1.5 degrees Celsius, finding that nothing short of a complete decarbonization of the sector before 2050 is in order. The update builds off the framework released in 2018 that provided a framework for a well below 2-degree climate scenario analysis.

“The IPCC report issued a clarion call across the economy and set off alarm bells for many investors concerned with the long-term viability of their holdings in the power sector,” said Dan Bakal, senior director of electric power at Ceres. “Our updated climate scenario analysis framework responds to that call and makes clear that total decarbonization is the only path forward for electric power companies.”

Investors have grown increasingly concerned with the ways climate change and regulatory responses to it could impact their holdings in the electric power sector. Many are raising these concerns through direct engagement with power companies and through the shareholder resolution process.

"This important update to the framework reflects the growing urgency of the climate crisis,” said New York State Comptroller Tom DiNapoli. “We hope that companies will strive to keep their reporting up-to-date with the latest science so they can best prepare for the low-carbon transition and a 1.5-degree future. This report identifies information that is valuable to investors in assessing U.S. utilities' strategies for addressing climate risks and opportunities."

Since the climate scenario analysis framework in 2018, and often in response to investor engagements, more than ten significant companies in the electric power industry have published climate scenario assessment reports. Most notably, several companies made commitments to deliver 100% carbon-free electricity to their customers by 2050 or earlier — and released climate scenario analyses that evaluated the companies' goals alongside those necessary to keep global warming to well below 2-degrees Celsius.

Drawing on case studies from electric power companies, the newly updated framework shows how companies are assessing the business implications of climate change. The framework outlines climate-related risks such as revenue models that are not sufficient to accommodate greater deployment of distributed clean energy resources and energy efficiency. It also notes risks related to changing supply and demand profiles; higher insurance premiums; reduced access to capital due to recurring costs from extreme weather events; and costs associated with hardening the grid to physical impacts of climate change.

The framework also outlines business growth opportunities such as those presented by electrification, renewable energy and low-carbon services; the need for new transmission lines to connect renewable energy resources like wind energy facilities with areas of high electricity demand; reduced costs to consumers through efficiency gains; and improved consumer reputation benefits from clean and resilient grids.

About Ceres

Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. For more information, visit www.ceres.org and follow @CeresNews.

Gas Processing Innovations Spur Increased Deployments, Including Role in Power Generation Mix

Tue, 08/20/2019 - 7:24pm

LNG technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead times and lower capital investment costs, are increasingly becoming a viable option for increased gas deployments. FLNG helps mitigate siting constraints that shore-based infrastructure may face.

At the same time, the continued need for a balanced power generation portfolio as well as the need to address energy security and environmental concerns are driving rapid growth in the gas industry.

To support this, Black & Veatch is enhancing its ability to provide clients with FLNG expertise that offers cost and operational efficiencies.

“As countries seek alternatives to baseload feedstock for power generation and, in some instances the need to address heavily subsidized fuel oil-based generation, gas-fired generation offers a reliable alternative that helps create a more balanced energy portfolio. Floating liquified natural gas (FLNG) technologies provide LNG exporters and importers flexible, mobile liquefaction and regasification infrastructure,” says Jim Schnieders, Executive Vice President and Managing Director, Asia & Floating Offshore Solutions – Oil & Gas.

Black & Veatch is a global leader in FLNG, with multiple first-of-a-kind projects, now fully performance-tested and operational. These include: 

  • The world’s first barge-based floating liquefaction unit deployed offshore Argentina 

  • First-of-a-kind conversion of an LNG carrier to a FLNG vessel, deployed offshore Cameroon

  • India’s first floating storage and regasification (FSRU) terminal project 

The company’s role encompasses front end engineering design - and detailed design - through to full engineering, procurement, construction, installation and commissioning (EPCIC) solutions. These projects span both tanker and barge-based LNG export and import infrastructure operating around the world.

In his new role, Schnieders will lead Black & Veatch’s global Floating Offshore Solutions team, and the oil & gas team in Asia. He takes over the roles from Bob Germinder who retired after a 33-year well-respected career at Black & Veatch. Under Germinder’s leadership, the world’s first barge-based floating liquefaction unit successfully completed performance testing in Nantong, China and will be based in Argentina. It was the first time in history, LNG had been produced onboard a floating facility. In addition, another FLNG vessel went into commercial operation in Cameroon, and a third has begun development, each relying on Black & Veatch’s PRICO® technology and engineering and procurement capabilities.  

RESOURCES CONTACT Emily Chia +65-98758907 chialp@bv.com Black & Veatch

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