The material impact that CSR initiatives have on corporate performance has resulted in a sea change. CSR has evolved from simple corporate giving and employee volunteer programs into comprehensive environmental, social, and governance (ESG) programs that integrate sustainability into business strategy.
Study after study shows that the financial benefits of CSR are significant. For example, an extensive study1 among consumer goods supply chains found companies that implemented “triple advantage” practices – where companies achieve profitability while integrating initiatives that improve ESG outcomes – realized between:
That might explain why 65% of CFOs have become involved in sustainability initiatives according to an Ernst & Young and GreenBiz survey among corporations with revenues over $1 billion. Cost reductions (74%) and managing risks (61%) were stated as two leading drivers in the company’s sustainability agenda.
Another key factor driving CFOs into the sustainability world is the fact that institutional investors from banks and insurance companies to private equity funds are now considering the sustainability rankings of the companies in which they invest. A recent McKinsey article pointed to a Deutsche Bank study that tells us why. Deutsche Bank evaluated 56 academic studies and found:
1. Companies with high ESG ratings have lower cost of debt and equity; and
2. 89% of the studies examined show companies with high ESG ratings outperform the market in the medium (three to five years) and long (five to ten years) term.
Given this remarkable upside potential and opportunity to expand the aperture of risk management, CFOs are becoming key stakeholders that shape sustainability strategy and goals across the organization. This is particularly true when a large capital expenditure or operating expense like energy procurement is involved.
How Clean Energy Helps CFOs Sleep at Night:
Material Impact on Financial Performance and Company Reputation
Among all sustainability initiatives within an organization, energy is arguably the most impactful on corporate performance and long-term brand equity, as well as achieving sustainability goals. A move to a clean energy source such as solar, whether onsite at your facility or offsite at a nearby remote location, provides CFOs with four vital areas to create greater short and long-term value:
I. Financial Benefits
Organizations can save on energy costs on day one with zero capital outlay through a power purchase agreement (PPA). Or, if an organization determines asset ownership offers more value, owning a solar system can offer 8-12% returns, and a 100% payback on investment in 6-8 years. Financial benefits to explore include:
Reduction of operating expenses with lower cost electricity
Stable electricity pricing for predictable budgeting
Lower cost of debt and capital from institutional investors that favor organizations with strong CSR ratings
Renewable Energy Credits (RECs) — depending on state
II. Risk Mitigation
In addition to protecting and enhancing corporate reputation, and thus brand equity, another critical risk that can be reduced is the price volatility for electricity. Price swings in electricity markets can cause costs to vary by millions of dollars making it difficult for companies to accurately budget and plan for electricity expenses.
Solar energy PPAs provide predictability and stability making it possible to budget with certainty. A solar PPA offers stable price contracts of 20, or even 25, years.
Solar energy directly reduces carbon emissions and makes a significant contribution to corporate sustainability goals. High CSR ratings is now an attribute considered by many debt and equity firms when analyzing investments.
IV. Brand Equity
There is no shortage of surveys regarding the link between brand value and sustainability either. Customer acquisition and retention are strongly tied to an organization’s CSR initiatives and outcomes. For example, the Nielsen Global Survey on Corporate Social Responsibility polled 30,000 consumers in 60 countries* Fifty-five percent of global online consumers responded that they are willing to pay more for goods and services from companies that are committed to positive social and environmental impact: Asia-Pacific (64%), Latin America (63%) and Middle East/Africa (63%). The numbers for North America and Europe are 42 and 40%, respectively.
In the end, there are a number of internal stakeholders involved in the analysis and decision to procure solar energy, whether onsite or through an offsite PPA. To ensure the greatest success and value, the CFO should be engaged in the process as early and often as possible.
1SOURCE: Beyond Supply Chain conducted by the World Economic Forum & Accenture
Rebecca Lucore, head of Corporate Social Responsibility (CSR) and Sustainability at Covestro LLC, will deliver a keynote at the 2017 NGO Expo September 22 in New York City. Her presentation is titled “Harnessing Corporate Purpose to Drive Social Change.”
Organized by Climate Week NYC, which is taking place alongside the UN General Assembly Sept. 18-24, NGO Expo is a major global platform for NGOs, non-profits and charities to advance the global social good agenda and spark partnerships with granters, donors, philanthropists and corporate foundation executives.
Lucore will discuss how Covestro, through its i3 (ignite, imagine, innovate) CSR initiative, is empowering employees’ desire for social purpose by enabling them to become “citizen philanthropists” through skills-based volunteer training. She will demonstrate how nonprofits can utilize this kind of “human capital” giving to build capacity and become more sustainable organizations. She’ll also provide insight into how corporations can leverage employees’ desire for purpose to attract, retain and develop talent.
The two-day event is expected to draw more than 1,000 attendees.
About NGO Expo and Climate Week NYC
NGO Expo encompasses a conference, exhibition with meeting areas to network, source, supply and learn. It delivers immersive education through keynote speakers, timely topic-driven panels and hands-on workshops, while also showcasing the latest products and solutions to help deepen understanding and create new ideas that will drive innovation. Its fundamental aim is to engage the sector at every level. Attendees leave NGO Expo inspired by what’s new and what’s next, armed with the tools and techniques they need to shift and re-imagine their own businesses.
Climate Week NYC is one of the key summits in the international calendar and has been driving climate action forward since it was first launched by The Climate Group in 2009. This year, Climate Week NYC comes at a critical point in the global response to climate change. The summit will take place alongside the UN General Assembly and will bring together international leaders from business, government and civil society to showcase the unstoppable momentum of global climate action. Climate Week NYC is the collaborative space for climate-related events in support of the implementation of the Paris Agreement and the achievement of the UN Sustainable Development Goals.
About Covestro LLC and i3 (ignite, imagine, innovate):
Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business, which is among the world’s largest polymer companies with 2016 sales of EUR 11.9 billion. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, electrical and electronics, and medical industries. Other sectors include sports and leisure, cosmetics and the chemical industry itself. Covestro has 30 production sites worldwide and employed approximately 15,600 people at the end of 2016.
i3 (ignite, imagine, innovate) is Covestro LLC’s companywide corporate social responsibility (CSR) initiative that aims to spark curiosity, to envision what could be and to help create it. Built on the three pillars of philanthropy (i3 Give), employee volunteerism (i3 Engage) and STEM education (i3 STEM), i3 seeks to create sustainable and lasting impacts.
i3 Give is designed to innovate corporate philanthropy strategies that combine both human and financial resources to build stronger communities. i3 Engage re-imagines the way employees from for-profits and nonprofits engage with one another for more effective outcomes. And, i3 STEM ignites young minds to become the innovators of tomorrow through support of hands-on, inquiry-based STEM education, workforce experience and employee volunteerism.
This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
This press release is available for download from our website. Click here to view all our press releases.
Editor’s Note: Follow news from Covestro on Twitter: www.twitter.com/CovestroGroup
In the two years since the formation of the United Nations Sustainable Development Goals (SDGs), organizations have been working to formulate strategies that will contribute to the worldwide goals of eradicating poverty, creating a healthy planet for future generations, and building peaceful and inclusive societies.
Many organizations, however, are struggling with how – and are hungry for meaningful data that will help them plan for the future and allocate resources they’ll need to contribute to this new global development framework.
Megan DeYoung, vice president Americas of the global management consultancy Corporate Citizenship, has answers – and will reveal exclusively for attendees at COMMIT!Forum’s “Brand Taking Stands” event how Fortune 50 companies are mapping their corporate responsibility strategies to the Global Goals.
“Many companies are seeking clarity on the role they should play in the SDGs. Understanding what others do can provide useful insight, which is why Corporate Citizenship has assessed Fortune 50 companies’ actions on the SDGs.” said DeYoung, who is also a member of the Corporate Responsibility Association. “Sharing this research for the first time at COMMIT!Forum can help attendees get a sense of how they compare to peers and become inspired to take more action.”
At COMMIT!Forum, DeYoung will discuss findings extracted from a three-year global survey that shows how a variety of Fortune’s 50 sustainably minded companies are responding to the SDGs, what trends are emerging, and how this new data can serve as a roadmap for organizations that want to take action but need quantifiable ROI. The session will be moderated by John Friedman, sustainability manager at WGL Holdings, Inc., a diversified energy business providing natural gas, electricity, green energy, and carbon reduction and energy services.
A member of Corporate Citizenship’s Executive Team, DeYoung directs the consultancy’s North and Latin American practices, and advises leading companies worldwide on incorporating social, environmental, and economic issues into their strategies and business practices.
COMMIT!Forum, the annual leading event for corporate responsibility and sustainability practitioners, will convene on Oct. 10-12, 2017, at the MGM National Harbor near Washington. Attendees will have the opportunity to network, discuss, and gain professional development by attending pre-conference workshops, roundtable discussions, and sessions that will focus on the event theme, “Brands Taking Stands.”
More than 50 speakers, panelists, and interviewers from a broad range of industries will facilitate and contribute to discussions around sustainable business operations, prioritizing corporate responsibility goals, combining sustainability and profitability, brand and reputation management, sustainable and diverse workforce recruitment and retention, among many more topics.
COMMIT!Forum (http://www.commitforum.com) is an annual gathering of corporate responsibility and sustainability practitioners with emphasis on networking, case studies, new research, and compelling presentations from companies committed to making progress against an ambitious environmental, social, and governance (ESG) agenda. The event is produced by the Corporate Responsibility Association and CR Magazine.
The National Forest Foundation (NFF) is pleased to announce the expansion of a partnership with minuteKEY, the world’s first self-service key duplicating kiosk. Since 2015, minuteKEY and the NFF have been partners through minuteKEY’s Secure Our Forests campaign, planting more than 15,000 trees on National Forests across the country. Now, minuteKEY is expanding the partnership by pledging to support the planting of 100,000 trees on National Forests annually.
Through this expanded partnership, minuteKEY is committing to plant one tree for every two custom forest-themed keys purchased at minuteKEY kiosks. The partnership is part of NFF's ongoing efforts to address the significant reforestation needs on our National Forests.
Unbeknownst to many Americans, millions of acres of forest cover are lost every year due to wildfire, insects and disease. Reforestation partnerships like these help fund vital projects that plant trees on National Forests to protect watersheds, restore wildlife habitat and fight climate change.
“The National Forest Foundation is excited to expand our work with minuteKEY. Reforestation partnerships like this help protect watersheds, restore wildlife habitat and fight climate change, said Mary Mitsos, NFF President. “With support from minuteKEY and their customers, we will be securing the future of our forests for all Americans.”
"minuteKEY is honored to partner with the National Forest Foundation and support its mission to protect and restore the beauty and health of our nation's forests," said Randy Fagundo, CEO of minuteKEY. "We're also excited about providing our customers an easy way to make a positive impact on the environment. We are committed to planting 100,000 trees in a year. Because we are headquartered in Boulder, CO most of our associates spend much of their free time in the outdoors hiking, skiing and biking. They are so proud and supportive of our partnership with NFF"
The Secure Our Forests campaign will continue across college campuses and retail locations this fall. As part of their campaign, minuteKEY has partnered with Boulder, CO artist Phil Lewis for a specially designed, limited edition key for the campaign. For more information on this partnership with MinuteKey, visit www.minutekey.com/sustainability
For more information on the NFF’s tree planting efforts, visit www.nationalforests.org.
About the National Forest Foundation
The National Forest Foundation promotes the enhancement and public enjoyment of the 193-million-acre National Forest System. By directly engaging Americans and leveraging private and public funding, the NFF improves forest health and Americans’ outdoor experiences. The NFF’s programs inform millions of Americans about the importance of these treasured landscapes. Each year, the NFF restores fish and wildlife habitat, plants trees in areas affected by fires, insects and disease, improves recreational opportunities, and enables communities to steward their National Forests and Grasslands. Learn more at www.nationalforests.org.
minuteKEY makes the world's first patented self-service, key duplication kiosk. As innovators in an age-old industry, minuteKEY founders invested several years developing the technology to create a highly accurate, secure and easy-to-use key-cutting device. Today's kiosk, found in thousands of high-traffic retail locations in the United States and Canada including Walmart, Lowe's and Menards, combines innovations in robotics, electronics and software engineering. See the minuteKEY website for more information and kiosk locations.
Ethical Corporation is running a live webinar on how to transform data across every tier in your supply chain.
Join the 60-minute webinar next September 26th at 7am PST (3pm UK/ 10am EST) with 3M, Williams-Sonoma and SupplyShift here.
Williams-Sonoma shares their approach towards industry standard compliance and traceability of wool to the source.
How 3M increases its upstream supplier visibility / traceability and streamlines supplier assessments to assess and reduce risk.
Best practice with SupplyShift to promote supplier benchmarking and supplier engagement across your supply chain tiers.
Can’t join? Sign up anyway to receive the full post-webinar recordings.
Head of Strategy at Ethical Corporation
#RBSWest – How to deliver social impact and drive commercial success
One of the founders of the legendary environmental organization Greenpeace has blasted Chevron and its high-priced team of corporate lawyers for using “intimidation” tactics to evade responsibility for committing some of the world's “worst ecological crimes” in Ecuador’s Amazon region.
Rex Weyler -- a Canadian resident and author who with friends in Vancouver founded Greenpeace International in the early 1970s -- published a blog on the Greenpeace site in support of the Ecuadorian indigenous and farmer communities who won a historic $9.5 billion environmental judgment against the oil giant. Chevron has vowed never to pay the judgment and company officials have brazenly threatened the indigenous groups with a “lifetime of litigation” if they persist.
After describing Chevron’s dumping of billions of gallons of oil waste in Ecuador as probably “the worst oil-related catastrophe on earth”, Weyler lashed out at the company for trying to delay resolution of the case for 24 years.
“This tragic story reveals almost unthinkable corporate irresponsibility, intimidation, and arrogance, not just by Chevron executives, but by their 60 law firms, 2,000 lawyers and paralegals, six public relations firms, squads of private investigators, thugs and bribed witnesses, and at least one severely compromised U.S. judge,” he wrote. “Chevron has probably spent more money trying to weasel out of this case than any corporation in world history.”
“If we sometimes wonder why significant ecological progress appears so monumentally difficult, this blood-curdling case will give us some clues,” he added.
He also said Chevron’s predecessor company Texaco in Ecuador “perpetrated some of the most horrendous ecological crimes in history” against the indigenous Cofan, Siona, Secoya, Quichua and Huaorani peoples. Texaco operated in Ecuador from 1964 to 1992, when it abandoned the country after taking out an estimated $25 billion in profits. Texaco then merged with Chevron.
Citing evidence from the court case, Weyler wrote that Chevron/Texaco “dumped some 16 billion gallons of wastewater laced with carcinogens into rivers and streams. The company abandoned hundreds of waste pits in the rainforest – containing toxic oil sludge, in violation of basic industry standards. The indigenous inhabitants were left with poisoned land, food supply, and drinking water. The region’s river sediment remains contaminated with heavy metals and chemical toxins.”
Weyler also explained how Chevron tried to “hide its crimes” by destroying internal company records documenting many oil spills in its area of operations.
He then blasted Chevron for hiring a “notorious” New York law firm, Gibson Dunn, to fabricate a story of judicial bribery in Ecuador to evade the judgment. Chevron itself and Gibson Dunn lawyers bribed a witness with a $2 million payment to make up the story.
The Ecuadorians have filed an action to enforce their judgment against Chevron’s assets in Canada, where they already have received the unanimous backing of the country’s Supreme Court. The next court hearing in the Canadian enforcement action is Oct. 10 in Toronto.
Chevron has an estimated $15 to $25 billion of assets in Canada, or more than enough to pay the full amount of the Ecuador judgment. The original $9.5 billion judgment is now worth $12 billion with accrued interest under Canadian law.
Weyler warned his colleagues in the environmental and social justice movements: "Human rights advocates the world over need to carefully study Chevron’s playbook of spending massively to buy witnesses against its adversaries to evade paying compensation to the people it harmed. If U.S. courts refuse to provide the Ecuadorians a fair hearing, then Canada’s courts must do so for the sake of corporate accountability, universal principles of justice, and Indigenous rights.”
Today, two leading private sector groups announced a partnership to create scalable solutions to improve patient and health system care for Multiple Chronic Conditions.
The initiative was announced to an audience of public health leaders at the World Economic Forum’s (WEF) Sustainable Development Impact Summit. The meeting, which formed a part of the Summit, was convened to advocate for action to address Multiple Chronic Conditions (MCC), an emerging and unaddressed global health threat. MCC are defined by the presence of two or more chronic conditions in a patient, representing a growing pain point for families and society. Currently, one in three adults globally, and two in three adults over the age of 65, suffer from two or more chronic conditions.
MCCs are a global problem spanning multiple disease areas and affecting patients, communities and healthcare systems in different ways. The top conditions contributing to mortality and morbidity in high-income countries include ischemic heart disease (IHD), stroke, lung cancer, depression, diabetes and back and neck pain. In low- and middle-income countries, the top diseases include IHD, stroke, diabetes, and depression, as well as communicable diseases, such as diarrhea, HIV and tuberculosis.
TEVA Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), the world’s largest generic drug company, and Mount Sinai Health System, one of the largest hospital groups in the United States, aim to gain new data and insights into interventions that can meet the needs of people with MCC. One pillar of this effort is a regional pilot program at Mount Sinai’s Arnhold Institute for Global Health in New York, which will design and evaluate a patient-centered, integrated approach and ultimately, adapt it for delivery to larger patient populations. Dr. Sandeep Kishore, MD, PhD, Associate Director of the Arnhold Institute for Global Health, leads work on global multiple chronic conditions.
A new report introduced at the meeting, Multiple Chronic Conditions: The Global State, quantifies the health, economic and personal burden weighing on patients, families and healthcare systems. The report found that with each additional chronic condition, healthcare costs more than double, so that treating a patient with four chronic conditions could cost as much as 16 times more than a patient with only one condition. It also revealed that multiple chronic conditions also greatly reduces the patient’s ability to comply with medication, increases the likelihood of depressive symptoms and greatly increases the care burden on families and health facilities.
The report also found that focusing care around the patient’s overall health and wellbeing as opposed to treating individual diseases in isolation, and by employing better technologies, health systems can actually reduce the cost of care while improving the quality of life for patients. Proposed changes include re-introducing the concept of a family doctor, since the family doctor can coordinate care, creating patient-focused teams of specialists who work better together, improving opportunities for home care, and creating combination therapy drugs that reduce the need for patients to take a large number of different medicines and improve adherence.
The meeting presented the global scope of MCC by assessing both the financial burden and the toll on human suffering. Experts discussed how to build a common understanding of challenges and gaps in current treatment models, and how to advance near and long-term solutions. Participants emphasized the importance of coordinated care models centered around the patient, in which all of a patient’s chronic conditions are managed comprehensively, rather than as discrete problems. They also explained the usefulness of digital platforms that integrate treatment as a way to alleviate the burden on patients, families and the healthcare system. They warned about escalating costs and deteriorating patient quality of life as the current MCC population ages, and as developing countries face the double burden of long-term communicable diseases alongside chronic conditions.
“All signs in our research support the fact that as the current population ages, and more young adults are diagnosed with multiple chronic conditions, the cost and complexity for healthcare systems will rise exponentially,” said Derek Yach, MBChB MPH and co-author of Multiple Chronic Conditions: The Global State. “The global scale of this growing public health issue warrants a much more robust, well-integrated response. Now is the time for action and pragmatic solutions that will help alleviate pressure on governments, providers, patients and their families.”
“While the personal challenges may differ, the mental, social and financial strain of multiple chronic conditions on patients and their families is universal,” said Iris Beck Codner, Group Executive Vice President of Teva Pharmaceuticals. “We hope this effort will shed light on the unique pressures weighing on patients and the potential for centering treatment on the patient versus individual conditions to help them live better and longer lives.”
"In low-income and underserved communities, nearly one in every two patients suffer from multiple chronic conditions," said Prabhjot Singh, MD, PhD, Director of The Arnhold Institute for Global Health and Chair, Department of Health System Design and Global Health, Mount Sinai Health System. "Health systems must do a better job of caring for these patients in ways that incorporate the full context of their lives. Our goal at Mount Sinai is to develop better methods and care models to change the trajectory of outcomes for these patients in New York and around the world, and ultimately drive impact to keep patients healthier for longer.”
The Summit discussion and Multiple Chronic Conditions report reviewed opportunities to reduce the toll from MCC. Potential areas for exploration in public-private partnerships include:
Cross-Condition Management: Opportunities include innovative primary care models that coordinate treatment of different conditions across providers, as well as guidelines to help providers assess and treat patients with MCC by using symptom-based algorithms.
Medication Regimen Simplification: Adapting dosage plans so patients have fewer pills to remember – and take – each day, as a way to increase control of chronic conditions. For example, providers can improve the patient’s medication adherence by prescribing fixed-dose combination medicines, which combine multiple medications in a single pill, and with digital compliance technology, such as pills with sensors that generate data the medical team can monitor.
Technology-based Solutions: Making care more accessible and personalized through advancements such as telemedicine and remote monitoring to provide on-demand treatment, as well as cognitive computing to derive insights into medication interactions.
To learn more about Multiple Chronic Conditions: Global State, please visit, http://tevapharm.com/files/docs/Teva_MCC_Report.pdf. For more information on Teva’s Corporate Social Responsibility efforts, please visit: http://www.tevapharm.com/corporate_responsibility/.
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a leading global pharmaceutical company that delivers high-quality, patient-centric healthcare solutions used by approximately 200 million patients in over 60 markets every day. Headquartered in Israel, Teva is the world’s largest generic medicines producer, leveraging its portfolio of more than 1,800 molecules to produce a wide range of generic products in nearly every therapeutic area. In specialty medicines, Teva has the world-leading treatment for multiple sclerosis as well as late-stage development programs for other disorders of the central nervous system, including movement disorders, migraine, pain and neurodegenerative conditions, as well as a broad portfolio of respiratory products. Teva is leveraging its generics and specialty capabilities in order to seek new ways of addressing unmet patient needs by combining drug development with devices, services and technologies. Teva's net revenues in 2016 were $21.9 billion. For more information, visit www.tevapharm.com.
About the Mount Sinai Health System
The Mount Sinai Health System is New York City’s largest integrated delivery system encompassing seven hospital campuses, a leading medical school, and a vast network of ambulatory practices throughout the greater New York region. Mount Sinai’s vision is to produce the safest care, the highest quality, the highest satisfaction, the best access and the best value of any health system in the nation. The System includes approximately 7,100 primary and specialty care physicians; 10 joint-venture ambulatory surgery centers; more than 140 ambulatory practices throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and 31 affiliated community health centers. Physicians are affiliated with the renowned Icahn School of Medicine at Mount Sinai, which is ranked among the highest in the nation in National Institutes of Health funding per investigator. The Mount Sinai Hospital is ranked No. 18 on U.S. News & World Report’s “Honor Roll” of top U.S. hospitals; it is one of the nation’s top 20 hospitals in Cardiology/Heart Surgery, Diabetes/Endocrinology, Gastroenterology/GI Surgery, Geriatrics, Nephrology, and Neurology/Neurosurgery, and in the top 50 in four other specialties in the 2017-2018 “Best Hospitals” issue. Mount Sinai’s Kravis Children’s Hospital also is ranked in six out of ten pediatric specialties by U.S. News & World Report. The New York Eye and Ear Infirmary of Mount Sinai is ranked 12th nationally for Ophthalmology and 50th for Ear, Nose, and Throat, while Mount Sinai Beth Israel, Mount Sinai St. Luke’s and Mount Sinai West are ranked regionally. For more information, visit http://www.mountsinai.org/, or find Mount Sinai on Facebook, Twitter and YouTube.
The Conflict-Free Sourcing Initiative (CFSI), a coalition of leading companies dedicated to improving the security and human rights conditions in their minerals supply chains, today announced that former U.S. diplomat and Congressman Tom Perriello will provide the keynote address at CFSI’s annual conference in Santa Clara, California on Oct. 19, 2017.
Perriello has been the Special Envoy to the Great Lakes Region of Africa and the Democratic Republic of the Congo (2015-2016), the U.S. Special Representative for the Quadrennial Diplomacy and Development Review (2014-2015), and a U.S. Representative for Virginia's 5th congressional district.
Moved by the terrible atrocities of Sierra Leone’s civil war, Perriello moved to West Africa in 2001 to support courageous women and former child soldiers, demanding peace and accountability for the worst warlords. He then served as Special Advisor to the Prosecutor of the Special Court for Sierra Leone that forced brutal Liberian dictator Charles Taylor to peacefully surrender power. Inspired by these advocates, Perriello continued supporting peace negotiations and transitional justice efforts in conflict zones around the world, including work in the Balkans, Darfur and Afghanistan.
In July 2015, Perriello was appointed as Special Envoy for the Great Lakes Region of Africa, where he worked to prevent mass atrocities and advocated for peaceful, constitutional transitions of power. Working in strong support of comprehensive negotiations led by Congo’s Catholic bishops, Tom’s diplomatic efforts helped to produce a historic New Year’s Eve agreement on Dec. 31, 2016, that lays out a path to the first peaceful transition of power since the country’s independence in 1960. While this roadmap has not yet been followed, the efforts continue to promote a historic constitutional transfer of power in the DRC and restore a path to sustainable development.
The CFSI two-day conference begins on October 18 and brings together experts and practitioners from industry, governments and civil society from around the globe to discuss strategies, programs and emerging issues as they relate to sourcing minerals from conflict-affected and high-risk areas. Sessions will include topics such as supply chain assurance across industries and minerals, due diligence in conflict-affected and high-risk areas, approaches to sensing supply chain risks, and managing supply chain incidents.
“Collaborative initiatives such as the CFSI are critical to facilitating responsible engagement in high-risk supply chains. These efforts incentivize peace and stability in what can be incredibly challenging political and security contexts.” said Tom Perriello. “I look forward to addressing this audience of industry professionals, government representatives and human rights activists who are all committed to improving conditions in the global minerals supply chain.”
“Tom’s international experience and work in conflict-affected and high-risk areas make him an ideal keynote speaker for the CFSI Annual Conference,” said EICC Executive Director Rob Lederer. “We greatly appreciate his participation and insights as we convene industry and stakeholders to discuss and develop ideas to drive positive change for miners and their communities.”
Who Should Attend CFSI’s Annual Conference:
Companies that use minerals such as tin, tantalum, tungsten and gold (3TG) or cobalt in their goods or products, companies that supply these minerals to downstream companies, and companies subject to reporting obligations under the U.S. Dodd-Frank Act (Section 1502) and/or legislation in the European Union and elsewhere related to sourcing from conflict-affected and high-risk areas.
Government officials interested in learning about industry efforts to decouple the link between raw material supply chains and conflict, operationalize the OECD Due Diligence Guidance, and drive greater accountability and transparency in minerals supply chains.
Non-governmental organizations (NGOs) focused on human and labor rights, supply chain transparency, conflict/security, due diligence, artisanal and small-scale mining (ASM), and regulatory compliance.
Audit and other firms that provide services to facilitate supply chain transparency and responsible sourcing assurance.
The Conflict-Free Sourcing Initiative's Annual Conference follows the EICC's Responsible Electronics 2017 conference, which requires separate registration.
EICC Members-Only Meeting: Oct. 16
EICC Responsible Electronics Annual Conference: Oct. 17-18
CFSI Annual Conference: Oct. 18-19
CFSI Members-Only Meeting: Oct. 20
EICC Code of Conduct Training: Oct. 19-20
The CFSI Annual Conference, Responsible Electronics 2017, and the EICC Code Training will be held at the Santa Clara Convention Center in Santa Clara, California.
Learn More and Register:
The CFSI is a multi-industry initiative with over 360 member companies, including associations and service providers. Our members contribute to the development and international uptake of a range of tools and resources, including independent third-party audit programs for smelters, the Conflict Minerals Reporting Template, Reasonable Country of Origin Inquiry data, and guidance documents on responsible sourcing of tin, tantalum, tungsten and gold (3TG). The CFSI runs regular workshops on responsible sourcing issues and contributes to policy development with civil society organizations and governments. For more information, visit conflictfreesourcing.org.
The Corporate Responsibility Association and CR Magazine published today the full agenda for COMMIT!Forum, Oct. 10-12, featuring more than 60 speakers, including Fortune 500 CEOs and top sustainability and corporate responsibility professionals.
“Brands Taking Stands” is the theme for the conference, which takes place at MGM National Harbor near Washington, D.C. Registration is under way at www.commitforum.com.
“In a volatile political year to date, navigating the corporate responsibility landscape has never been more challenging,” said Dave Armon, publisher of CR Magazine. “Confronting whether and how to position brands and flex company economic and political muscles will be a focal point of discussions and debates at the event.”
Two half-day workshops on Oct. 10 are designed for practitioners responsible for corporate reporting, as well as those charged with communicating internally and externally about corporate responsibility and sustainability.
“Integrated Management and Reporting: The Next Step in Corporate Commitment” will explore what’s driving the move to integrated thinking and ultimately, integrated reporting, the benefits of integrated management, and how long-term ESG factors typically make their way into conversations about corporate strategy, risk management, investor relations, and ultimately, integrated reporting. BrownFlynn will facilitate the morning session.
The afternoon session, “Breaking Through the Clutter: Data-Driven CSR and Sustainability Communications Strategy and Tactics,” is a user conference for 3BL Media clients and professionals interested in improving performance around storytelling, news distribution, the use of multimedia, and data and analytics.
The newly published agenda for Oct. 11-12 includes release of new data and research, examination of tough decisions, discussion about current issues and trends in CSR, and inspiration from visionary keynote speakers who have valuable lessons and insights to share. The event is also a powerful opportunity to build new professional relationships, expand business networks, and capture new approaches and fresh ideas for organizations committed to sustainability.
Among the topics to be addressed:
Standing Up and Speaking Out: Authenticity in Corporate Messaging
CR as a Factor in Talent Recruitment and Retention
Beyond the Blue Horizon: Today’s Decisions are Tomorrow’s Reality
The New Normal: Embedding Social Responsibility into Business Strategy
We’ve Got Your Number: From Measurement to Meaning
ROI of Digital Platforms to Engage and Drive CSR Strategies
Speakers will include an A-list of executive CSR leadership from the Campbell Soup Company; General Motors; CECP: The CEO Force for Good; JetBlue; Smithfield Foods; U.S. Department of State Office of Global Partnerships, the Center for Corporate Citizenship; Fidelity Investments; Bank of America, and CEO Act!on for Diversity & Inclusion; along with experts from media organizations TriplePundit, Cone, Futerra, Atlantic Media Strategies, Tribe Pictures and 3BL Media, among others.
Workshop, panel, and issue table descriptions; speaker bios; and registration information can be found on the COMMIT!Forum web site. If you are active in the CSR industry, or want to be, make plans now to attend this leading event for corporate responsibility and sustainability practitioners.
Following COMMIT!Forum, on the evening of Oct. 12, CR Magazine will honor the 2017 Responsible CEOs of the Year. The event recognizes CEOs who have put themselves at personal and professional risk to deliver on their corporate responsibility. In addition, the winner of the Lifetime Achievement Award will be revealed.
The COMMIT!Forum 2017 “Brands Taking Stands” event is produced by the Corporate Responsibility Association and CR Magazine through the generous assistance of more than 30 sponsors and partners listed below. To join them, click here.
MGM Resorts International | The Mosaic Company | PwC | WGL Holdings/Washington Gas | 3BL Media | Alexander Mann Solutions | AmerisourceBergen | Atlantic Media Strategies | Bevi | Blackbaud | Catalist | Cielo | Environmental Solutions Group | Leidos | NRG | Republic Services | Rolland | Smithfield Foods | Toronto Hydro | Unison | ACCP | BBB | BrownFlynn | CECP | Causecast | Commpro | D S Simon Media | E Group | Ecoprint | G&A | GlobalGiving | Meet Green | Realized Worth | Selfish Giving | VolunteerMatch
COMMIT!Forum (http://www.commitforum.com) is an annual gathering of corporate responsibility and sustainability practitioners with emphasis on networking, case studies, new research and compelling presentations from companies committed to making progress against an ambitious environmental, social and governance (ESG) agenda. The event is produced by the Corporate Responsibility Association and CR Magazine.
A new study from UPS (NYSE:UPS) and GreenBiz Group reveals nearly all companies (95 percent) surveyed are concerned about how urbanization will impact business growth and sustainability. However, according to The Road to Sustainable Urban Logistics survey, only 47 percent feel prepared to address the associated business challenges. Further, respondents cite air quality (58 percent) and traffic congestion (53 percent) as top concerns over other urban challenges. And 65 percent of respondents believe insufficient collaboration across sectors, including government, is a key barrier to well-managed logistic operations in urban areas.
The full research findings will be explored in depth at the GreenBiz VERGE conference in Santa Clara, California, beginning next Tuesday, September 19th.
“This research clearly highlights the complexity of logistics operations in urban environments,” said Mark Wallace, senior vice president, global engineering and sustainability. “Increased urbanization and congestion make logistics far less predictable and harder to manage. Without implementing innovative solutions supported by technology and logistics ingenuity, we run the risk of increasing congestion and emissions – we need solutions, and collaboration is the key.”
The movement of goods is an essential function to support businesses and residents, and a fundamental source of economic growth in cities. Access to e-commerce is part of what makes alternative transportation modes and walkable urbanism a viable choice. At the same time, transportation and delivery can contribute to pollution and gridlock, and can be challenging for companies both large and small to manage sustainably. When asked how the rise in e-commerce, increased urbanization and congestion have affected how they conduct business in urban areas, 81 percent of survey respondents noted some form of impact on their business, such as the ability to meet e-commerce customer expectations (33 percent), make deliveries to retail locations (32 percent), and meet city requirement for emission levels (31 percent).
According to UN projections, continuing population growth and urbanization are projected to add 2.5 billion people to the world’s urban population by 2050. The study offers insights on strategies and pilot projects being explored to better manage the movement of goods in cities, now and in the future. The results point toward data-driven technologies that increase efficiencies and reduce traffic, renewable and alternative energy and fuels that help address air quality issues, the accurate measurement and management of carbon emissions, and supply chain optimization – all strategies being deployed by UPS worldwide. The real difference-maker, though, isn’t any single piece of technology. It’s the commitment to partner with cities, academics, and other business leaders to develop solutions together.
“While progress is certainly underway, no one entity can tackle the challenge of building and implementing the future needs of sustainable cities,” said John Davies, GreenBiz Group’s vice president and senior analyst. “Smart collaborations, continued research and investments in infrastructure will remain critical to meet the logistical and environmental demands cities face. Driving policy discussions and decisions based on data is essential to ensuring operational efficiencies for companies and preserving a desirable quality of life for city dwellers.”
The majority of survey respondents (63 percent) believe businesses’ role is critical to accelerating, piloting and adopting innovative approaches to creating more sustainable urban environments. And an overwhelming 72 percent want to work closely with city officials to do so.
“No two cities are alike,” concluded Wallace. ”Yet, we’ve found that there’s common ground. We’re able to take the knowledge we’re gathering as we work with cities across the globe and apply it to each new city that joins us in partnership to address this issue.”
For full research study results and to download the white paper, visit ups.com/sustainability.
About the Research Study
The 2017 UPS/GreenBiz The Road to Sustainable Urban Logistics Research Study provides insights into the business challenges associated with logistics in an urban environment and the opportunties to contribute to a more environmentally sustainable city center.
The 2017 UPS and GreenBiz Sustainable Urban Logistics Research Study presents the findings of qualitative research, along with an online survey conducted by GreenBiz Group in June 2017 among a sample of 612 respondents within the GreenBiz Intelligence Panel. The margin of error is ± 4 percent at a 95 percent level of confidence.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS is committed to operating more sustainably – for customers, the environment and the communities we serve around the world. Learn more about our efforts at sustainability.ups.com. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at ups.com® or pressroom.ups.com and its corporate blog can be found at Longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.
Calhoun, Ga. may be more than 800 miles from Houston, Texas, but that didn’t stop two local companies from partnering to offer a helping hand to those affected by Hurricane Harvey.
Mohawk Industries and Nature’s Big Springs Water teamed up to donate and deliver more than 100,000 bottles of water to the Houston area. They split the cost of the water and will leverage Mohawk’s fleet to make the delivery once the roads are passable.
“When we saw the devastation the hurricane caused, we knew we wanted to help, and we also knew we had the means to do so with our trucks,” Mohawk Vice President of Logistics Dan Flowers said. “Each month, Mohawk trucks travel more than a million miles, transporting products across the country. Even though Mohawk is headquartered in Calhoun, our drivers have many strong connections to communities throughout the United States where they have built relationships with customers and suppliers. That’s true in Houston, where we operate a satellite warehouse and our ceramic division operates several sales service centers. Thanks to our partnership with Nature’s Big Spring Water, we were able to make a difference.”
This is the second time Mohawk and Nature’s Big Springs Water have partnered to provide disaster relief.
“It’s not every day you see two locally-based companies come together and help people in need half way across the country,” Nature’s Big Springs Water owner Julian Jones said. “Being in the water business means we have access to an essential relief item when a disaster occurs. Mohawk had the trucks and resources to make this delivery a possibility. Helping others is important to us and we were glad to partner with Mohawk to make this happen.”
Mohawk employs approximately 130 people in the Houston area – all of whom have been identified as safe and sheltered, although some of their homes have been severely compromised. In addition to the water delivery, the company will provide additional assistance to employees affected by the hurricane.
About Mohawk Industries
Mohawk Industries is a leading global flooring manufacturer, creating products that enhance residential and commercial spaces around the world. Mohawk’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, hardwood, stone and vinyl flooring. Our industry-leading innovation has yielded products and technologies that differentiate our brands in the marketplace and satisfy all remodeling and new construction requirements. Our brands are among the most recognized in the industry and include Mohawk, American Olean, Daltile, Durkan, IVC, Karastan, Marazzi, Pergo, Quick-Step and Unilin. During the past decade, Mohawk has transformed its business from an American carpet manufacturer into the world’s largest flooring company with operations in Australia, Brazil, Canada, Europe, India, Malaysia, Mexico, New Zealand, Russia and the United States.
About Nature’s Big Spring Water
Nature’s Big Spring Water is Calhoun, Georgia’s own naturally alkaline spring water bottling company. For hundreds of years, the spring has pushed forth millions of gallons of pure spring water from hundreds of feet beneath the earth, flowing on average, 11 million gallons of water daily. Our production facility draws directly from the center of the water column at a constant 54 degrees year round. A family owned and operated business for over a decade, Nature’s Big Spring Water services areas from Chattanooga, Tenn to Atlanta, Ga. and all points in between including a second distribution center located in Knoxville, Tenn.
The Resource Foundation (TRF) is proud to celebrate its 30th year of empowering disadvantaged communities in Latin America and the Caribbean with the skills, knowledge and opportunities they need to improve their lives.
Since 1987, TRF has provided over $100 million to more than 2,000 nonprofit partners in at least 30 countries. Founded on the belief that local solutions are most effective at addressing the development challenges facing the region, TRF has enabled US donors to optimize the impact of their philanthropy in Latin America and the Caribbean.
Through collaborative partnerships among US donors, local nonprofit and for profit organizations and local communities, TRF has supported a diverse range of innovative projects addressing some of the region’s most pressing issues: from affordable housing and education, to climate change, HIV/AIDS, disaster relief and Zika response efforts.
“TRF’s 30th anniversary is an incredible milestone for the organization, and it is truly a testament to the success of The Resource Foundation’s integrated development model,” said TRF President and CEO Marcela Lopez-Macedonio. “We are very proud of the impact that TRF has had in building local capacity and empowering communities to create brighter futures. We look forward to building upon these accomplishments and to partnering with changemakers to implement diverse and innovative solutions over the next 30 years.”
On November 1, The Resource Foundation will host its 30th Anniversary Gala, Spark Opportunity, to celebrate its history and continued success supporting sustainable development in Latin America and the Caribbean. This year’s theme, Spark Opportunity, highlights how TRF projects throughout the region empower individuals, communities and organizations to create brighter futures. A single project can provide the spark that can set this change in motion. TRF will be presenting its Loren and Pilar Finnell Annual Catalyst Award to local partner Fundación Origen from Chile and will also honor leading innovators from the nonprofit and corporate arenas.
More About The Resource Foundation
The Resource Foundation is a nonprofit organization based in New York City that works closely with U.S. donors to support locally driven development programs throughout Latin America and the Caribbean. TRF has received Charity Navigator’s highest rating of four stars for sound fiscal management and transparency nine times since 2008. It is also a founding member of the Alliance for International Giving. For more information about TRF, visit www.resourcefnd.org and follow @resourcefnd on Instagram, Twitter, Facebook and LinkedIn.
Today the William G. McGowan Charitable Fund, a Chicago-based family foundation, is proud to announce its 8th class of McGowan Fellows: students from top business schools across America who together form a robust community of young leaders dedicated to ethical practices and serious societal concerns.
Established in 2010, the McGowan Fellows Program annually recognizes ten second-year MBA students who demonstrate academic excellence and a commitment to ethical leadership, and provides full tuition for the students’ second year of business school. In collaboration with ten business school partners, the fellowship program honors the legacy of the pioneering entrepreneur William G. McGowan, who embodied the values of an ethical business leader.
The Fund welcomes its 8th class of inspirational young leaders with exceptional potential. Over the next year, they will work together on a social impact project tackling a challenge relating to insurance coverage for a preventive health program. Through this experience and others, the Fellows Program aims to provide the resources and guidance to young professionals to become ethical, accountable leaders and role models for generations to come.
The new class of Fellows will join alumni of the Program and the Board of Directors at the 8th Annual McGowan Symposium on Business Leadership & Ethics on November 3, 2017, at the Stephen M. Ross School of Business, University of Michigan, in Ann Arbor. Each year, the McGowan Symposium brings together students, professionals, and academia to discuss contemporary issues of leadership and ethics.
For additional information about the McGowan Fellows Program, visit www.williamgmcgowanfund.org.
About the William G. McGowan Charitable Fund
The William G. McGowan Charitable Fund is a philanthropic family foundation established in 1993 to perpetuate William McGowan’s tradition of compassionate philanthropy and ethical leadership. The Fund promotes, nurtures, and supports initiatives in three program areas: Education, Human Services, and Healthcare & Medical Research. For more, visit www.williamgmcgowanfund.org.
SC Johnson today announced that it has signed an agreement to acquire Method and Ecover, two highly regarded consumer brands from People Against Dirty, a leading company that offers home care, hand and body, and laundry products sold in North America, Europe and a number of other countries around the world.
“Method and Ecover have a strong tradition of innovation and delivering on consumers’ needs. They are a great complement to SC Johnson’s trusted lineup of iconic brands,” said Fisk Johnson, Chairman and CEO of SC Johnson.
SC Johnson is one of the world’s leading manufacturers of household cleaning products and products for air care, home storage, shoe care, personal care and pest control, as well as professional products.
The transaction is subject to regulatory approvals in the U.S., U.K. and Germany, and other customary closing conditions.
As a private company, SC Johnson does not disclose details regarding financial or business transactions.
With support from SC Johnson, Closed Loop Foundation, which is the independent 501c3 affiliate of Closed Loop Partners, announced key insights on how investors can advance film and flexible packaging recycling.
“Investors and supply chain leaders are looking for opportunities to catalyze recycling of flexible packaging, but there is a lack of real investable opportunities at the stage of commercialization. We identified a critical need to support the industry and investors by creating a roadmap for investing in flexible packaging,” says Rob Kaplan of Closed Loop Foundation.
The study characterizes the categories of flexible packaging and offers insights on challenges and trends to determine how investors can best impact this sector. Flexible packaging includes materials such as snack bags and pouches, which are growing in the market. “Even though more film and flexible packaging are produced than plastic bottles, recycling of those products far lags that of bottles – it is important that we capitalize on emerging technologies and develop markets for this under-recovered stream of materials” says Tim Buwalda, Senior Consultant at RSE USA, strategic partner and author of the study.
The study found the key opportunity for investors to make an impact is by investing in end market development to increase the value of these materials.
“IntegriCo Composites, an investment of the Closed Loop Fund, is a great example of a United States based manufacturer that is building the market by sourcing more multi-laminate flexible packaging and LDPE films into the feedstock of its railroad ties,” says Kaplan.
At the same time, emerging investment opportunities exist in the sorting and processing of flexible packaging, but philanthropic or research funding is still critical to test the most effective solutions and motivate the industry to consider how to incorporate flexible packaging into a thriving recycling system.
While retail collection remains a viable way to collect clean polyethylene film bags and wraps for recycling, it will struggle to reach scale. Recycling opportunities are needed for other flexible packaging materials. The study recognizes the crucial work of groups like MRF of the Future, DOW Energy Bag, and other MRF manufacturers that are testing ways to collect this material through the curbside residential recycling programs to ensure greater quantities of film plastics get recycled. That is why this study was important – to identify where the investment community could make the most significant impact while avoiding duplication of efforts.
“Research such as this shines the light on the current industry and the struggle with getting more flexible film to the curb. SC Johnson is committed to finding a solution that brings Ziploc® brand bags and other flexible films into the curbside recycling stream. While we know this is a long term endeavor, there is a way to accomplish this goal,” says Kelly M. Semrau, Senior Vice President – Global Corporate Affairs, Communication and Sustainability, SC Johnson
To view the study in its entirety, visit http://www.closedlooppartners.com/foundation
About Closed Loop Foundation
Closed Loop Foundation is an independent 501c3 organization supported by Closed Loop Partners, an investment platform that invests in sustainable consumer goods, advanced recycling technologies, and the development of the circular economy. To learn more about Closed Loop Foundation, go to our website: http://www.closedlooppartners.com/closed-loop-foundation/.
In 2016, Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) engaged more than 300,000 people in 35 countries in programs aimed to help and empower patients as they deal with their illnesses.
These patient support programs are among the outcomes of broader efforts aimed to better understand and support patient needs and are covered in Teva’s 2016 Social Impact Report. Released today, the report provides an overview of the company’s progress toward delivering affordable medicines to patients around world and reflects the company’s continued efforts to integrate Corporate Social Responsibility into its business practices.
Among other efforts to fulfill its ambition as a socially and environmentally responsible company, Teva contributed $48.4 million in 28 countries to support patients and communities, responded rapidly to drug shortages in several countries and provided rare medicines to enable organ transplants and prevented the spread of multidrug-resistant tuberculosis in countries who could otherwise not afford such drugs. Teva also continued to encourage diverse talent by maintaining a gender-equal global network of employees, with women representing 47% of the global workforce and 49% of managers.
“People are at the heart of everything we do. Our purpose is to improve health wherever we are,” said Iris Beck-Codner, Group Executive Vice President, Corporate Marketing & Communications at Teva. “We are committed to living this purpose every day by discovering new treatments, offering more convenient care, helping communities in times of need and making medicines more accessible and affordable. As one of the world’s leading pharmaceutical companies, our goal is to make a positive impact far beyond medicines—improving lives and communities across the globe by threading societal and environmental good into the fabric of our business.”
Additional Highlights of Teva’s efforts in 2016 include:
Increased access to affordable, reliable, high-quality generic medicines. In 2016 alone, Teva launched nearly 1,000 generic medicines and donated more than $22 million of medicines for emergency relief.
Adopted more sustainable operations. In 2016, Teva increased renewable energy production by 56%, reduced educing total water withdrawal by 4%, decreased total waste by 24% and recycled 43% of waste and plans to exceed those numbers this year.
Enhanced transparency and integrity. Teva instituted a number of policies to improve and promote ethical, responsible and transparent business activities everywhere the company operates—including a new Supplier Code of Conduct and new policy on engagement with patient organizations.
With the world’s largest medicine cabinet with a unique specialty portfolio, Teva is committed to making treatments more accessible and affordable for patients, caregivers and healthcare professionals, while addressing future health needs in a responsible, sustainable way.
To access Teva’s Social Impact efforts, click here.
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a leading global pharmaceutical company that delivers high-quality, patient-centric healthcare solutions used by approximately 200 million patients in over 60 markets every day. Headquartered in Israel, Teva is the world’s largest generic medicines producer, leveraging its portfolio of more than 1,800 molecules to produce a wide range of generic products in nearly every therapeutic area. In specialty medicines, Teva has the world-leading innovative treatment for multiple sclerosis as well as late-stage development programs for other disorders of the central nervous system, including movement disorders, migraine, pain and neurodegenerative conditions, as well as a broad portfolio of respiratory products. Teva is leveraging its generics and specialty capabilities in order to seek new ways of addressing unmet patient needs by combining drug development with devices, services and technologies. Teva’s net revenues in 2016 were $21.9
billion. For more information, visit www.tevapharm.com.
Cautionary Statements Regarding Forward-Looking Information:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the potential benefits and commercialization of Fremanezumab, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: the uncertainty of commercial success of Fremanezumab; challenges inherent in product research and development, including uncertainty of obtaining regulatory approvals; our specialty medicines business, including: competition for our specialty products, especially Copaxone®, our leading medicine, which faces competition from existing and potential additional generic versions and orally-administered alternatives; our ability to achieve expected results from investments in our product pipeline; competition from companies with greater resources and capabilities; and the effectiveness of our patents and other measures to protect our intellectual property rights; our business and operations in general, including: our ability to develop and commercialize additional pharmaceutical products; manufacturing or quality control problems, which may damage our reputation for quality production and require costly remediation; interruptions in our supply chain; disruptions of our or third party information technology systems or breaches of our data security; the restructuring of our manufacturing network, including potential related labor unrest; the impact of continuing consolidation of our distributors and customers; and variations in patent laws that may adversely affect our ability to manufacture our products; compliance, regulatory and litigation matters, including: costs and delays resulting from the extensive governmental regulation to which we are subject; the effects of reforms in healthcare regulation and reductions in pharmaceutical pricing, reimbursement and coverage; potential additional adverse consequences following our resolution with the U.S. government of our FCPA investigation; governmental investigations into sales and marketing practices; potential liability for sales of generic products prior to a final resolution of outstanding patent litigation; product liability claims; increased government scrutiny of our patent settlement agreements; failure to comply with complex Medicare and Medicaid reporting and payment obligations; and environmental risks; and other factors discussed in our Annual Report on Form 20-F for the year ended December 31, 2016 (“Annual Report”), including in the section captioned “Risk Factors,” and in our other filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov and www.tevapharm.com. Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.
On 2nd-3rd October, The Consumer Goods Forum hosts the global FMCG industry in Montréal for its second Sustainable Retail Summit at the Centre Mont Royal. The Sustainable Retail Summit, which began in Paris last year, offers a unique opportunity for CEOs, FMCG experts and high level government representatives to come together to discuss ideas and share solutions to today’s leading industry challenges. This year the event focuses on forced labor, food loss and waste and consumer health and wellbeing, and will be opened by McCain President & CEO Dirk Van de Put.
The two-day event features special presentations and panel discussions that will tackle the three key megatrends impacting the industry. The event also offers live examples showcasing how these challenges are being tackled by some of the world’s most innovative organizations, including best practice activity and actionable workshop sessions. Senior FMCG executives will sit alongside NGOs and government representatives to discuss collective approaches that work.
The Consumer Goods Forum unites a host of international companies for the event, including Ahold Delhaize, Burt’s Bees, Campbell Soup, Danone, Grupo Bimbo, Kellogg’s, Marks and Spencer, METRO, Nestlé S.A., Sainsbury’s, PepsiCo, Tesco, The Coca-Cola Company, Unilever and Walmart. Meanwhile, several Canadian companies will be joining their international peers as they look to showcase how the consumer goods industry in Canada is delivering on its responsibilities to protect consumers and the planet. Local speakers include:
Darrell Jones, President, Save-On-Foods
Shelley Martin, President & CEO, Nestlé Canada
Michael Pilato, GM, The Clorox Company of Canada Ltd.
François Tasmowski, Senior Director, Global Corporate Sustainability and Responsibility, McCain Foods Limited
Marie-Claude Bacon, Director, Corporate Affairs, Metro Inc.
Alain Brandon, Senior Director, Corporate Social Responsibility and Government Relations, Loblaws;
Scott Tudor, Director, National Procurement, Sobeys Inc.; and
David Wilkes, Senior Vice president, Retail Council of Canada
These leading industry figures will also be joined by experts representing the government and public sectors, including:
Shawn MacDonald, CEO, Verité
Dr. Jennie Ward-Robinson, President & CEO, PAHO Foundation
Lawrence Bowdish, PhD, Director, Research and Food Security, U.S. Chamber of Commerce
Sam D. Kass, Chef, Nutrition Policy Consultant - former White House Chef & first U.S. Senior White House Food Policy Adviser
Craig Hanson, Global Director of Food, Forests & Water, World Resources Institute
Richard Swannell, Development Director, Waste and Resources Action Programme (WRAP)
David Camp, Programme Coordinator, Stronger Together
David Bennell, Director, Food and Capital Markets, Ceres; and
David Schilling, Senior Program Director - Human Rights & Resources, Interfaith Center on Corporate Responsibility (ICCR)
Dirk Van de Put, President & CEO, McCain Foods, said, “For many companies, it's harder than ever to know how to implement strategies and actions that will meet changing consumer demands and your long-term business goals. The Sustainable Retail Summit is the perfect platform to bring together a global industry to address topics that are impacting every consumer goods company around the world. And, as a CGF Board member, it's great that the CGF is providing opportunities to help share best practices and drive implementation of positive business actions. Attendees of the Sustainable Retail Summit should come away from Montréal with concrete examples of how they can apply the changes necessary within their own companies. The Sustainable Retail Summit also provides us the opportunity to network with like-minded individuals who want to see change for the better.”
Darrell Jones, President, Save-On-Foods, said, “There is no denying the role the consumer goods industry plays in helping secure the future of our planet and its people, however no one company can do this alone. The complex nature of issues such as consumer health, food loss and waste and labor force practices mean that collaboration through events such as this are integral to tackling the issues that matter most. The Sustainable Retail Summit has quickly become a key component of the CGF’s year-long effort to inspire action and support members in the implementation of actions that drive efficiency and secure consumer trust.”
Shelley Martin, President & CEO, Nestlé Canada, said, “There has never been a more pressing time for the consumer goods industry to drive positive change in its products. Not only is there a hard business case for driving this change, but as the purchasing behavior of shoppers evolves to wanting more authentic, sustainable and traceable products, business needs to adapt to this change. The Sustainable Retail Summit offers the chance to share best practices and have honest discussions about how to overcome these challenges, and we are delighted the CGF has chosen Montréal as the location for this global convening.”
Dr. Jennie Ward-Robinson, President & CEO, PAHO Foundation, said, “CGF’s Sustainable Retail Summit embodies the potential global impact that can be harnessed when engaged key stakeholders across the public, private, and government sectors, collaborate on driving sustainable health and development outcomes. I look forward to this next step in the critical strategic partnership between PAHO Foundation and CGF, which will bring together our shared ideas and commitment to better health. This summit is now the annual event where leaders across the FMCG industry can leverage the needed technical, intellectual, and financial resources to propel innovative solutions, allowing consumers across the Americas and beyond to lead healthier and more productive lives.”
The event is open to both members and non-members of The Consumer Goods Forum.
-- Ends –
About The Consumer Goods Forum
The Consumer Goods Forum (“CGF”) is a global, parity-based industry network that is driven by its members to encourage the global adoption of practices and standards that serves the consumer goods industry worldwide. It brings together the CEOs and senior management of some 400 retailers, manufacturers, service providers, and other stakeholders across 70 countries, and it reflects the diversity of the industry in geography, size, product category and format. Its member companies have combined sales of EUR 3.5 trillion and directly employ nearly 10 million people, with a further 90 million related jobs estimated along the value chain. It is governed by its Board of Directors, which comprises more than 50 manufacturer and retailer CEOs. For more information, please visit: www.theconsumergoodsforum.com.
For further information, please contact:
The Consumer Goods Forum
/Notes to Editors:
Journalists are welcome to join the event. Registrations are free to all registered journalists; however, spaces are limited. To request a free media registration, please contacts CGF Communications Director Lee Green: firstname.lastname@example.org.
The CGF is also looking for a select number of media partners, whose logos will be displayed on key print and digital Sustainable Retail Summit publications. Request a media partnership by contacting Lee Green.
The suffering of millions displaced by powerful megastorms like hurricanes Harvey and Irma underscore the critical significance of finding solutions to the world’s greatest challenges and the need for countries and the private sector to work in collaboration.
Tackling tough global problems is a driving force for Jim Thompson, director for innovation within the U.S. Secretary of State’s Office of Global Partnerships (SGP), and speaker at COMMIT!Forum’s “Brands Taking Stands” event on Oct. 11-12.
The veteran U.S. State Department officer will be joined at COMMIT!Forum by Ed Martin, CEO of GoodXChange, to discuss “Innovation Wanted! What Happens When Government Partners with the Private Sector.”
The Oct. 11 session will examine the role of public-private collaboration and provide insight into how the U.S. State Department is forming unprecedented partnerships with private organizations to develop practical solutions that will protect the planet, end poverty, and ensure prosperity for all global citizens.
“If you think government is bureaucratic and lacking in creativity, you haven’t met Jim Thompson,” said Dave Armon, CEO of the Corporate Responsibility Board which publishes CR Magazine and produces the COMMIT!Forum event. “At a time when brands are taking stands, Jim is the perfect connector to make an impact without requiring a massive budget.”
Thompson has been active in the federal government for more than 25 years in multiple leadership positions. Prior to his position as SGP director of innovation, he served as director for partnerships and innovation at the National Security Council at the White House and as former acting director of the Global Development Alliance at the U.S. Agency for International Development. He also was responsible for overseeing an Interagency Policy Committee on Partnerships for National Security.
Formed in 2008, the SGP is a center of excellence that facilitates collaboration among the U.S. Department of State, public and private sectors, and civilian society. The office cultivates opportunities outside of government to advance foreign policy goals and department initiatives through partnerships with private businesses, philanthropies, and organizations that can provide creative thinking, specialized expertise, and innovative technology not otherwise accessible by the U.S. government. This unity of effort between the SGP and private sector is creating a new approach toward diplomacy and development to solve pressing global challenges.
COMMIT!Forum is the premiere annual event for corporate responsibility and sustainability practitioners. Taking place at the MGM National Harbor, Md, near Washington, D.C., the event will bring together corporate social responsibility leaders from around the nation and CEOs from CR Magazine’s yearly 100 Best Corporate Citizens ranking to network, debate, and gather new information on timely CSR topics through pre-conference workshops, guest speakers, panels, interviews, breakout sessions, and roundtable discussions.
The event also will feature ceremonies to recognize the Responsible CEO of the Year and recipient of the Lifetime Achievement Award, in honor of personal and professional courage to deliver on corporate responsibility promises.
Consumers Energy is sending an additional 130 employees and contractors Wednesday to help restore power to Georgia residents in the wake of Hurricane Irma.
Crews are leaving from Jackson today to join over 220 Consumers Energy employees and contractors already in Florida’s Boca Raton area performing restoration work. The new contingent of lineworkers, damage assessors, supervisors, safety personnel and other field employees is expected to report to the Atlanta area by Friday and will be working for Georgia Power.
“We have all seen the images of utter devastation from Irma, and the reports we’re getting back from our colleagues already in Florida emphasize the need for more assistance in the region,” said Guy Packard, Consumers Energy vice president of electric operations. “We have been fortunate to receive assistance from out of state after severe weather in Michigan. Now it’s time for us to return the favor.”
Packard continued, “We made this decision after carefully analyzing our current workload in Michigan and reviewing the weather forecasts. We’re confident we can both meet our customers’ needs as well as help the millions of people affected by Hurricane Irma.”
Consumers Energy personnel are expected to remain in the state for up to two weeks, coordinating directly with Georgia Power.
By the Numbers:
Today’s announcement brings to over 350 the number of Consumers Energy employees and contractors dedicated to Irma restoration. This exceeds the 340 company employees and contractors sent to the East Coast to help restore electricity and natural gas following Hurricane Sandy in November 2012.
Twelve lineworker crews and Consumers Energy bucket trucks, comprised of 36 individuals from a dozen service centers from Traverse City to Battle Creek, will be making the trek to Georgia. About 20 support personnel are also coming from various locations across Michigan.
The Edison Electric Institute, a national trade association of energy providers, says nearly 60,000 workers from across the United States and Canada are involved in the effort to restore power following Hurricane Irma.
As of 5 p.m. Tuesday, the Edison Electric Institute reported over 5.5 million customers in Florida, Georgia, Alabama, North Carolina and South Carolina lacked power. At the peak after the storm, there were 7.8 million outages.
While Consumers Energy crews are providing restoration support, the company and its employees also are helping in other ways. The Consumers Energy Foundation is donating $25,000 to the American Red Cross Disaster Relief Fund. The foundation is matching full-time employee contributions to the fund through Sept. 30 for up to another $25,000.
For more information about Consumers Energy, go to www.ConsumersEnergy.com